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<br /> 90 d�.0004i
<br /> UNiFORM COYENA!JTS Bor�ower snd Lender cavenant and agree as foilows:
<br /> � �. Payment ot ANeci�al and I�terqt;Prepyment and I.ate Char�es. Borrower shall promptly pay when due
<br /> the principal of and interGCt on thc d�M evidenced by tlte I�It�te�nd sny prepay�mem an@ late chasges due under the Note.
<br /> 2. Fu�for Tua�nd Insur�nce. Subject to appli�ble law or to a written waiver by Lender.Horrower shall pay
<br /> to Lender o�the day monthly payments are due under the Note.unti!the Note is paid in full.a sum("Funds")equal to
<br /> one-twelRh ofi (a�ye�dy taues a�� assessments which may attain priority over this Security lnstrument; (b) yearly
<br /> leasehold payments or ground rents on the Property, if any; (c)yearly haxard insurance premiums; and (d) yearly
<br /> mort�aae insurance prcmiums.if any.Thesc items are called"escrow items."Lender may estimate the Funds due on the
<br /> bui�of current data and reasonable estimates of fLture escrow items.
<br /> The Funds shdl be held in an institution the deposits or accaunts of which are insured or guarAnteed by a federal or
<br /> state a�ncy(mcluding Lender ii Lender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br /> I.ender may not charge for holding and applying the Funds,analyzing the account or verifying the oscrow items,unless
<br /> Lendcr pays Borrower interest on the Funds and spplicable luw permits i,ender to make such a charge. Borrower and
<br /> , Lender msy agree in writing that interest shall be paid on the Funds. Unless an agreement is made or�pplicable law
<br /> requires interest to be ptid�Lender shall aot be required to pay Borrower any interest or earnings on the Funds. I.onder
<br /> aha11 aive to Borrower,without charge,an annual accounting of the Funds showing credits and debits to the Funds and the
<br /> purpose for which ea�ch debit to the Funds was made.The Funds are pledged as additional security for the sums secured by
<br /> this Security lnstrumont.
<br /> If the amount of the Funds held by Lender,together with ��+e€uture monthly payments of Funds payable prior to
<br /> the due dates of the escrow items.shall exceod the srssaunt reyuired to pay the escrow items when due,the eacas shnll be.
<br /> , at Borroaer's option,either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br /> amount of the Funds held by Lender is not sufficient to pay the escrow items when due,Borrower shall pay to Lender any
<br /> amount nxessary to make up the deficiency in one or more payments u required by I.ender.
<br /> Upon payment in futl of all�sums secured by this Security Instrument,Lender shall promptly refund to Borrower
<br /> any Funds held by Lender.If under paragraph 19 the Property is sold or acquired by Lender.Lender shall apply,no later .
<br /> than immediately prior to the sale of the Property or its acquisition by Lender.any Fuads held by Lender at the time of '
<br /> applicaiian zs a cre�,it,��iin�i inr sums secured by this Security Instrnment.
<br /> 3. A�lkatloa ot Pay�eenb. Unlas applicable law provides otherwise,all paymenu received by Lender under .
<br /> paragaphs 1 and 2 shall be applied:fiist.to lue charges due under the Note;second,to prepayment charges due nnder We � '
<br /> Notr,third.to amounts payable nnder puagraph 2;fourth,to interest due;and last,to principa!due. �
<br /> �. Ctiaraes;Li�ns, �brrc►wer shall pay all t�.;es,asst�sments.charg:.s,�n�and irnpositions a¢i::butable to t�e '=�
<br /> Property which may attain Driority_ovv this Security Instn�ment, and le�sehnld nAVm�tlte �r orrn�nri r�nt«c,� Lf wy��,
<br /> Horro�ver shall pay thtse obligat'soes in tht manntr provided in paragraph 2,or if aot paid in that manner.Borrower shall ; '��`
<br /> pay them on time directly to the person owed payment.Borrower shap promptly furnish to L.ender all notices of amounts � =
<br /> to be paid under this paragraph. If Horrower malces these payments directly,Borrower shall promptly furnish to Lender ' �
<br /> ss�:Fl��re�:rir.g e'a:,�a;��rsts. =—_
<br /> Borrower shall promptly diuhuge any liea which has priority over this Security Instrument unless Borrower:(a) � -
<br /> agree,s in�vriting to the payment of the obligation secured by the Gen in a manner acceptable to Lender;(b)contests in good � _ -
<br /> faith the lien by.or defends against enforcement of the lien in.legal procoedings ahich in the Lender's opinion operate to ! .
<br /> prevrn t t he en forcement o f t he lien or fo r feiture of any part of the Property;or(c)secures from the holder of the lien an ���
<br /> agtament satisfactory to Lender subordinating the lie»to this Security Instrument. If Lender determines that any part of +�
<br /> the Property is subject to a lirn which may attain priority over this Security.lnstrument, I.ender may give Hotrower a
<br /> notice identifying the lien.Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days t
<br /> . of the siving of notice. �.
<br /> s• Harard I�w�nce. Borrower shall keep the improvements noa existing ar hereafter erccted on the Property ;
<br /> inswa!against loss by fire,haurds included within the term'•eatended coverage"and any other hazards for which Lender •
<br /> . requins insurance. This insurance shall be maintained in the amounts and for the periods that Lender requirts. The
<br /> insuranoe camer providing the insurance shall be chos�n by Borrower subjxt to Lender's approval which shall not be �
<br /> unre�sonably withhetd. .�.�'��`
<br /> A11 insurance policfes and renewals shall be acceptable to Lrnder and shall include a standard mortgage clause.
<br /> I.ender zhall have the;ight to hold the policies and renewals.If Lend�r requires,Bonower shall promptly give to Lender �
<br /> all rooeipts of paid premiums and renewal notices.In the event of loss,Borrower shall give�rompt notice to the insarance
<br /> carria and Laider.I.ender rr�y make proof of loss iinot made promptiy by Borro�ver.
<br /> Unitss Lender and Borrower otherwise agtee in writing,insurance proceeds shall be applied to restoration or repair
<br /> of the Property damaged,if the rcstoration or repair is economically feasible and Lrnder's security is not lessened. IP the
<br /> resWr�tion or repair is not economically Peasible or Lender's security would be t�sscntd,the insurance procads shall be
<br /> applied to the sums secured by this Security lnstrument,whether or not then due,with any ezcess paid to Bonawer. If
<br /> HorroNer abandons the Property, or das not answer within 30 days a notice from Lender that the insurana carrier has
<br /> oSfeted to settle a claim,then Lender may collect the insurance procads.I.ender may use the procoeds to rtpair or ratore
<br /> the Property or to pay sums secured by this Security Instrument,w�ether or not then due.The 30-day period will begin
<br /> w+hen the natice is given.
<br /> Unless Lender and Borrower otherwise agree in writing.any application of proceeds to principal shall not eatend or
<br /> postpone the due date of the monthly payments refened to in paragraphs 1 and 2 or change the amount of the payments.lf
<br /> under pangnph 19 the Propeny is acquired by Lender.Bonower's right to any insurance policies and proceeds resulting
<br /> from damage to the Property prior to the acquisition shall pass to Lender to the eatent of the sums secured by this 5ecnrity %'_-___ `-
<br /> Instrument immediately prior to the acquisition. �
<br /> , 6. Prestnation aed Mdetenance o!Properf�;Leaseholds. Bonower shall not destroy.damage or substantially •
<br /> change the Property. allow the Propeny to deteriorate or commit waste. If this Security Instrument is on a leasehotd.
<br /> Borrower shall comply with the provisions of'the lease,and iPBorrower acquires fee title to thc Property,the leasehold and ;
<br /> fee tide shall noi merge uatess Lrnder a�grces to the merger in writing.
<br /> 7. Protection ot Lesder's Rig6ts In the PropeRy; Mortg�ge lnsunnce. If Borrower fa�ls to perform the
<br /> � covenants and agreements contained in this Stcurity Instrument.or there�s a legal proceeding that may significantly affect
<br /> l.endet's rights in the Property (such as a proceeding in bankruptcy, ptobatt, for condemnation or ta enforce laws or
<br /> rejulations),then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's nghts �
<br /> in the Property. Lender's act�nns may include paying xny sums s=curesl by .t lirn uhrch has pr�anty ocer th�s Secunty �
<br />_ Instr�ment.apptaring�n court,paying reasonablr aetorntys'fees and entenng on the Property to make rcpain Although tA
<br /> l,,ender may t�ke achan under this paragraph�. Lender does not have to do so �g-
<br /> Any amnunts disbursed by l.ender under�his paregraph 7 shall becc�me addit�onal deM c�f R��rrnwcr eecurr.d by thi� `'� �
<br /> Socurny Instrument Untess Horrcrwer and Lcnder agree to nther tcrms of payment,thece am�unt��h�li hear �nterest from
<br /> ths date of diabur�emeni at the tiu�r rate and �hali he �ayable, w�th �rilete�t, upon nnUce fr�m l.ender tn N��rtuwer
<br />� reyutt�hng paymenl
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