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� 2� 1 �� 148� �
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<br /> �f Bvrrvwer pays Funds to Lender, th� Fund� shall be he�d �n an institution the deposi�s �r �
<br /> ac�ounts flf v�hich are in�ured vr uaranteed � a Federa� ar state a encVj includin[Y�, Len er �f
<br /> • • � � � � �! � �/ � '
<br /> Lender is such an �nst�t�tion}. Lender shall app�y the Funds to pay sa�d taxes, assessments, �
<br /> insurance premium� ar�d �round rents. Lender' may not charge f�r� sa h�lding and ap �ying the �
<br /> Funds, anai z�n said account or �er��F ing and com i�in sa�d assessm�nts and b�l�� un��ss
<br /> �
<br /> Ler�der a s Bo�a�r►�er interest �n th� Func�s and a li�Cable law rmi
<br /> p y pp p� ts Lender t� make such a
<br /> Char�e. Borrower and Lender may agree in wr�ting �t the time �f execution vf this Security �,
<br /> �nstrumen� that interes� or� th� Fund� shall be pa�d to Bar�ra�rver, and un�ess such a�reement is
<br /> made or applicable law requ�res such interes� �o be pai�, L�nder sha11 not �e requMred to pay
<br /> Ba�rower any �nterest or earn�ngs vn th� Funds, �.e�der shal� giWe to Borrvwer, w�thout charge, an :
<br /> annua� account�n of the Fur�c�s show�ng re i
<br /> .g c d ts and deb�ts to the Funds ,and th� purpose for
<br /> whi�h �ach debit tv the Funds was macfe. The Funds are ied d a ad i i
<br /> p g� � d t on�l secur�ty for the
<br /> sums secured by this Se�urity Instrument.
<br /> �f the amount af the Fund� �eld �y L�nder, tag�ther with the futu�� r�nc�nthly �nstallments r�f
<br /> Funds pay�b�e priar t� the du� dat�s ❑f taxes, aS5E5sm�nts, in�urance prem'rurns ar�d �r�u�d
<br /> ren�s, shal! ex��ed the arr�aunt required ta pay said tax�s, asse�smer�ts, insur�nce prem�ums and :
<br /> ground �ents as they fall due, such exc�s� shal! �e, at Barrower's aption, �ither pr�ampt�y re�aid
<br /> to Borra►n►er vr �red�ted to B��r�w�r on mon�hly instaliments ❑fi Funds. If the amount a�the Funds
<br /> he�d �y Lender sha�l nat be suff�c"rent tv pa,y taxes, assessm�n'��, insuranc� premiums and graund ,
<br /> rents as th�y fal� due, Bar�ower shall pay to Lend�r any amour�t necessary ta make up the
<br /> deficienc in on� or mvre pa me�ts as Lenc� r m r
<br /> Y y � ay equ�re.
<br /> U on a m�nt ir� fu�l �f all sums secur�d b th�s Se ri
<br /> p p y y c� ty lnstrument, Len�er shali promptiy
<br /> refund to Borrower any �unds held by Ler�der, lf und�r paragraph �� hereaf tl�e Pr�p�rty �s sal� or
<br /> the Prc� er� is atherwise ac u�red b Lend�t�, Lender shall ap I nc� �ater thar� �mmediate� r�nr
<br /> p Y q . Y . . . �Yr �1 p
<br /> ta the sa�e af the Pro ert or �ts ac u�s�tMan b Lender an Fun�s held b L n��r at the t�m f
<br /> r � � ❑
<br /> a lication as a cred�t a ainSt the �ums se�ured by this �ecur� In �
<br /> pp � � ty strument.
<br /> 3. �► #�catinn of a rr�er�ts. Un�e�s a licabl� iaw ro��des otherwi�e �i� a men
<br /> p , ts rece�r�ed
<br /> b Lenderpunder he Cr�dit A ree en �p p �
<br /> t m t and para ra hs 1 and 2 he�eaf �ha�l b ��
<br /> y � g p � app ed �y Lend�r
<br /> first �n ayment vf amaunts � a�le to Lenc�er � Borrov�re�r under ara ra h � M r f
<br /> p � Y Y p � p e ev , secand, ��n
<br /> the order�l.ender M "
<br /> c ooses} t� any f�nance charg es, other charge� and cr�llect�on �osts vvuing, and
<br /> �:�rird, t�the rinci al �al�n�e ur�der the Gred��A r�ement,
<br /> 4. Pr�nr� M�or�t a es and �e�d s of Tr •� •
<br /> g � ust, �harg+�sr L�ens. Borrnwer sha�t perform a!� of
<br /> Bar�ov�rer's obl��at�ons under any rr�artgage, deed of trust or �ther securit�► agre�ment with a �ien
<br /> wh�ch has r�or�t ow�r th�s Securi� Instrum�nt i "
<br /> y y , nclud�ng Bar�ower s co�renants to make
<br /> � �nents w�e� du�. Exce t tv the exten� that an such c r " '
<br /> y p y ha �es �r �mpos�tions ar� to �e paid to
<br /> �
<br /> ende� under para�ra�h �, S�r�ower shal! pay �r cau5e t� be pa�d all taxes, assessments �nd
<br /> ot#�er char e� f�n�s an� �m os�tians attributahl� to the Pro e� wh�ch ma i
<br /> g � � p ty y atta n a pr��or�ty over
<br /> th'rs Secur�t �nstrument, �nd �easehold pa ments or grvund rents, if an�. '11Vithin f��e days after
<br /> an d�man�b Lender B�rravver shall ex�ibit ❑ Len er r�cei t h w
<br /> �' y r t � p s s o �n� th�t all amounts due
<br /> u��er this paragraph f�a�e b�en paid when due.
<br /> 5►. Hazard Ir�surance. Borrower sha�l keep th� impra�ements now existin� ❑r h�reaft�r
<br /> erected an the Praperty [n�ured �gainst toss by fire, hazard� includ�d with�n th�e term "ex�ended
<br /> cvrrera e " flov�s �nd �uch ather hazards as l...ender m� re u�re and ' such mou
<br /> g ,� �y� � Rn � a nts �nd fQr
<br /> su�h per�ads as Lender may require.. Unless Lender in writing re�uires otherw�se, the pali�y shall
<br /> pr��ide insurance on a replacement �ost �asis in an amo�unt not less than that necessary to
<br /> cvmply w�th any co�n5urar��e per�entage stipuiated i� th� h��ard in�u�rance polic , �nd the
<br /> amount vf co�era e sh�ii be na less than the I�liaximum Princi a� Balance I
<br /> us fihe ful�amvunt of
<br /> an �ien wh�ch ha g riori� o��r thi� S�c�rit Instrume� . p p
<br /> �
<br /> The ir�suranc� carrier ra�idin the ins rane h �I '
<br /> p g u e � a be �hosen �y Ba��avv�r sub�ect to ap�ra�a�
<br /> �y L�nder; pr�vided, that su�h appro�al �hall n�t �e unrea�onably ►►vithhe�d. AI! �nsurance pol�cies
<br /> and renewals ti�ereof �h�l� be �n a form a�ceptable ta Lender and shall `rn��ude a standard
<br /> mortgag� clause �n fa�o� of and irt a form acc�ptab�e to Lender. Lender shall hav�the right to hold
<br /> the pof�c��s and r�n�wa�s thereof, subj��t to �he te�ms o� any mo�tgage, deed of trust or-�ther
<br /> secu���y agreement w�th a lien wh�ch has pr�a��ty a�er�his Securi� 1 nstrument.
<br /> �n the e��nt of loss �3orrow�r shal� i�e ram t natic� to t�e ins rance arr� r
<br /> r g p. p u c e and Lender.
<br /> Lender ma�r make p�oof of I�ss if nat made p�amptly by Borrv►►ver. AI� insurance �roc�eds are
<br /> hereb� ass�gned to L�nder and sh�ll be paid t� Lender to the extent af all sum� secure� by th�s
<br /> 5ecur�t�1 �nstrum�nt, subje�t to the terms of any mo�tga�e, deed af �rust or �ecurity agreement
<br /> with a IEer� which Mas riorit over �his Securit Instrumen�. Unless Lender and �3orr�w r
<br /> a�herwise a ree in writ�n p�nsurance roceeds sha11�be a �'ed to restor E
<br /> r� gr p pp� e or r�parr the Prvp�rty, �f
<br /> i� Ms econom�ca�ly feasifole to do so.
<br /> Ifi��e Prop�r�y �s abandan�d by Borr�wer, �r �fi Borraw�r fails �o r�espond �o Le�der wi�hir� 3�
<br /> days from the date natice �� ma�led by L�nder to Barrawer that th� ir��urance carri�r vffers ta
<br /> settl� a cla�m f�r insurance b�nefjts, Lender is authorized tv colle�t and apply th� �nsuranc�
<br /> proceeds at Lender's option either to restoration ❑r rep�ir af the Property vr to tMe sums secured
<br /> h this S�curit �nstrument.
<br /> J� Y
<br /> ENE998tle
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