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<br /> � U'�It�c+1:n�C��vl:`a�TS Hurn»cerandl.endrrrrn�cnnnt.�ndagrrca�li�llo���: �O ��oo09�
<br /> 1. YHyment of Prinrlpa! und 3ntcrest;I'repaymeni und l.j�tc CGar�cs. E3urru��ri ,hall �,rc,m�tl�� �u� ���iun dur
<br /> the rnnciral of�nd interest on the debt c�•idenced hy thc Notc and any prepa�u�rm and latc rhargr�due undrr thr Ni+lr.
<br /> 2. Funds for Tax�sAnd lnsurencc. Subjrrt to,i�plicablr la«•or to u�vriUr�i��•ai�;:r b� l.cndrr,Hurr�►��cr�hall ra�
<br /> � ta lxnder on the dat mnnthly payn�ent,an dur�mder the Notr. un�il ttie Ne�te i�}+aid in fuil,a�um(`•Fundr")�u,il t�+
<br /> one-twelfth ��E (a) ��earl}� taxes .�nd ,i�ses�mcnt� �►hich may� attain priurity o�er ihis Secunt�• 1m�rumenl; th) ccarl�
<br /> leasehold pnyments ar �round rents on thc Nrc�Pert��, iP any: (c) ycarly ha�nrti incurr�nr? �+ren2iums; �nd td1 }�early
<br /> � ��ortgage in�uraaee premiums,iP any. 'fhese items are callcd "escrrnv itemti." Lender may�est�mAte thr Funds due on thr
<br /> basis af current data and reasonable estimates nf future c�cro«•�tems.
<br /> Ti he Funds shall be held in an imtitutiott the deposits or aerounts of��•hich are incured or guArz�nteed by a federal or
<br /> state agency�(inrluding Lender if Lender is such an institution). Lender shall appl}� the Fund�to�,ay the es�rinv item�.
<br />� Lender may not charge far holding and applying the Funds, analyzing the accaunt or�•erif�•ing thc c�rro«• itcros, unlesti
<br /> Lender pays Bonawer interest on the Funds and Applicable law perrr►its Lender to make such a charge. Borro�ver and
<br /> Lender may agree in writing that interest shall be paid on the Funds. Unless an ugreement is made ot applicable law
<br /> requires inter�st to be paid, Lender shal)not bc required ta puy Borrower any interest or earnings�n the Funds. I.ender
<br /> shall give to Borrow•er,without charge,an annua!accounting of the Funds showing c�edits And de6its to the Funds and the
<br /> purpose for which each debit to the Funds was made.The Fu�ids are pledged as additional security for the sums cecured b}•
<br /> � thisSecurity Instrument.
<br /> 1Pthe amount of the Fund�h.°ld by Lender,together with the future monthly payments of Funds payable prior to
<br /> the due dates of the escrow items,shall exceed the amaunt required to pay the escrow items when due,the excess shall be.
<br /> at Borrower's option,either pramptly repaid to Horrower or credited to Borrower on manthly payments of Funds. IP the
<br /> amount af the Funds held by Lxnder is not sufHcient to pay the escrow items when due.$orrower shall pay to Lender any
<br /> amount necessary to make up the deficiency in one or more payments as required by LPnder.
<br /> Upon payment in full af all sums secured by this Security Instrument,L:.nder shall pramptly rzfund 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 Propeny or its acquisition by Lender,any Funds held by I.ender at thc time of
<br /> application as a credit against the sums secured by this Security Instrument.
<br /> -- - �_ ��Fl�='=�4�cf psy��r.�. L'r�tc�s aj;Nji,:n;,lc Iaw provides otnerwise,ail payments rece�ved by Lender under
<br /> paragraphs 1 and 2 shall be applied:first,to late charges due under the Note;second,to prepayment charges due under the
<br /> Note;third,to amounts pa��able under paragraph 2;fourth,to interest due;and last,to principal due.
<br /> 4. Chs�w�s;Liens. Borro�ver shall pay alt taxes,assessments,charges.fines and impositions attributable to the
<br /> Praperty which may attain priority over this Security Instrument, and leasehold pa�ments or ground rents, i1'any.
<br /> Borrower shall pay these obligations in the manner provided in paragraph 2,or if not paid in that manner.Borrow�er shall
<br /> pay them on time directly to the person owed payrnent.Borrower shap promptly furnish to Lender all notices of amounts �
<br /> — to be paid under this paragraph.If Borrower makes these payments directly, Borrower shall promptly furnish to Lender
<br /> receipts evidencing the payments.
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<br />� �:,,:aw�r,#a�;Y,onipi;y discnarge any lien�hicn has prionty over this Security Instrument unless Borrower:(a) !:--'�
<br /> agrees�n writing to the paymcnt of the obligation secured by the tien in a manner acceptable to Lender;(b)contests in good
<br /> faitb the lien by,or defends against enforcement of the lien in,legal proceedings which in the Lender's opinion operate to �
<br /> prevent the enforcement of the lie»or forfeitare of any part of the Property;os(c)sccnres from the tiolder uf li�e Iien an =
<br /> agreement satisfactory to I.ender subordinating the lien to this Security lnstrument. If Lender determines that any part of �
<br /> the Property is subject to a lien which may attain priority over this Security Instrument. Lender may give Borrower a �`
<br /> notice identifying the lien. Borrower shall satisfy the lien ar take one or more of the actians set forth above within 10 days � '
<br /> of the giving of notice. 't
<br /> S. Haz�rd Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property T
<br /> insured against loss by fire,ha�ards included within the term"extended co�erage"and any other hazasds for which Lender
<br /> requires insurance. This is�surance shall be maintained in the amounts and for the periods that Lender requires. 'I'he
<br /> insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval �vhich shall not be �
<br /> t�nreasonably withheld. �
<br /> All insurance policies and renewals shall Ue acceptable to Lender and shall include a standard mortgage clause. � ' '
<br /> Lender shall have the right ta hold the policies and renewals. If Lender requires,Borrower shall promptly give to Lender
<br /> all receipts of paid premiums and renewal notices. In the event of loss,Borrower shall give prompt notice to the insurance �
<br /> carrier and Lender.Lender may make proof of loss if not made promptly by Borrower. ;� `
<br /> Untess Lender and Borrower otherwise agree in writing,insurance proceeds shall be applied to restoration or repair � �
<br /> of the Property damaged,if the restoration or repair is economically feasible and Lender's security is not lessened. If the �
<br /> restoration or repair is not economically feasible or Lender's security would be lessened,the insurance proceeds shall be
<br /> applied to the sums secured by this Security Instrument,whether or not then due. with any excess paid to Borrower. If
<br /> Borrower abandons the Property,or does not answer within 30 days a notice from Lender that the insurance carrier has
<br /> offered to settle a claim.then Lender may collect the insurance proceeds.Lender may use the proceeds to repair or restore
<br /> the Propert�•or to pay sums secured by this Secnrity Instrument,whether or not then due. Thc 30-day period will begin
<br /> when the notice is givees.
<br /> • Unless Lender and Borrower otherwise agree in writing,any application of proceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments.If
<br /> under paragraph 19 the Property is acquired by Lender,Borrower's right to any insurance po]icies and proceeds resulting
<br /> from damage to the Praperty prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security
<br /> Instrument inimediately prior to the acquisition.
<br /> 6. Preservatlon�nd Maintenance of Property;Leaseholds. Borrower shall not destroy,damage or substantially
<br /> change the Property,allow the Propeny to deteric�rate or commit waste. If this Seeurity Instrument is on a leasehold.
<br /> Borrower sha11 comply with tUe provisions of the lease.and if Borrower acquirc�s fee title to the Property,thc leaseho)d and �
<br /> fee title shall not merge rnless Lender agrees to the merger in writing. '
<br /> 7. Protection of Lender's Rtghts in the Property; :NortRage Insurance. If Borrower failti to perform thc
<br /> covenants and agreements contained in this Security Instrument.ot thcre is a Icgal procecding that may tii�ni8cantl�•aflect
<br /> l,ender's rights in the Properry (such as a proceeding in bankruptcy, probate. for condemnation or tc� enfone law�s�r
<br /> regulativns),then Lender may do and pay for whatever is necessary to protect the v�lue of the Property and I.ender'ti rights
<br /> in the i'roprrty. Lender's actions may include paying any sums secured hy� a lien which ha� prioney� c,�er thi. Security �
<br /> L Instrument.appearing in court,paying reasonable attorneys fecs and entering nn the Yr�pert} t�makc rcpairti. Ahhough �
<br /> l.ender may take lction under tlus paragraph 7.]_,r�lder does not hace to do co.
<br /> , Any amounts ditibursed by Lender under this paragraph 7 tihall bec<�me addUiemal dcht of Rc�rn.uer ticrurcd bc 1h�ti �.
<br /> � Sccurity Intitrumcnt. Unlesti Hnrr�w•cr�nd Lcndcr agrcc t��c�thcr tcrm<<�f ra}ment.�tirtir am��unt��I�all bcc�r iutrrr�t frnm ���
<br /> _,. ihe datc �,f�;►,t�irr.emcnt at !he 1�i,te r,�te and �hall hi �,:�y;ihlc. «�th inrcre�t. urnn nc,tirs• fr�,m I endrr t,+ li�,rrcti��►ct
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