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<br /> � qo --14009 4
<br /> � U�:11��lt�lCtn'rw,�tiTS H�rmwerandl.enderc.��enant�ind;iFrc�u�f��Ue���ti_
<br /> 1. Nayment af Principal and Intcrest; �'repAyment i�nd l.ntc rhar�cs. Hurn�wrr�I�uU �romp�h• �:i� ��•hrn �iur
<br /> , the rnnr�pal��f�and inter��ct rni the debt e��idenred hy the N��te and an�•prera�•ment;�nd latr char�;r.dur uncier ihe N��te.
<br /> 2, l�unds for 1'axes and insuruncc. Sub�crt t�i applicuhlr lavri�r to a writtcn�c<u�cr hy l.cnctrr,lic�rrc�w�er.hall pa�
<br /> � to l.ender a���he da}�monthly paymcnt�are duc under the Note. ��nti!thr Nute��raid in full,a.um 1"Fund�')eN�j�il tn
<br /> �n4-t«•elfih oP: (a) }�enrly taxes and as�essment+ .chirh may altai�� pn��rit�� cwcr thi� Security In�t�umcnl; (h1 reari�
<br /> Ieaseh��ld paymenis ot ground rents on the Yroperty, it'an}; fc) �•earl}• ha�ard insuranre promiums; and (d) y'carl�
<br /> � mortgag:it►;u�aiuc�rcmittatis. �i'any.T1�es�stem.r are.;all�d"es�ro�v itc��.." LCUarr��r�y r.ti�uatr thc Fuu�,.1u�uu th�
<br /> basis oPcurrcnt data und reasonable c�ctimAtes of f'uture escrrnti•item�.
<br /> The Funds shal)be held in an institutior�thc deposits or arcaunts af�vhich are in�urcd or guaruntced by a fcderal or
<br /> stAte ugency {inrlud'e��� Lender if Lender is such c►n institution). Lendcr chall Apply the Fund�to pa�• thc escro�v items.
<br /> � Lender may nvt rhurse for holding aad applying the Funds, analyzing the accaunt or veriPying the t�scraw items, unles�
<br /> Lender pays Borrower intere�t on the Funds and Applicable law permits Lender to make sucl�a charge. Horrower and
<br /> �..ender may aRree in writing that intcrest shaU be paid on the Funds Unle�s nn agreement is madr ar applicable la�ti•
<br /> requires interest ta be paid, Lendcr shall not bc rcquired to pay Borrower any interest ar eArnings on the Funds, Lender
<br /> shall give to Borrower,without charge,an annual accounting��P the Funds shawing credits and debits to the Funds and the
<br /> purpnse for which each debit to the Funds was made.Thc Fut�ds are pledscd a�additional security for the sum�secured by
<br /> � this Security lnstrument.
<br /> If the amount of ihe Funds held by Lender.together with the future monthly payments of Funds payable prior to
<br /> the due dates of the escrow items,shall exceed the amount required to pay the escrow items when due.the excess shal)be,
<br /> at Borrawer's optiun,either promptly repaid to Borrower or credited to Borrower on manthly payments af Funds. If the
<br /> amount of'the Funds held by Lender is not sufftcient to pay the escrow item�when due,Borrower shall pay to Lender any
<br /> amount necessary to make up the deftcienc�in one or more payments as required by Lender. �
<br /> Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower
<br /> any Funds held by Lender. If under puragraph 19 the Property is sold or ucquired by Lender,Lender shal)Apply,no later
<br /> than immediately prior to the sale of'the Property or its acquisition by Lender,any Funds held by Lender at the time of
<br /> application as a credit against the sums secured by this Security Instrument.
<br /> � 3. Anallestion of Payments. U�less anplicable law provides otherwise.all pavments received 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 amonnts payable under paragraph 2;fourth,to interest due;and last,t�principal due.
<br /> 4. Chstrges;Liens. Bonower shal)pay all taaces,assessments,charges,fines and impasiteons attributable to the
<br /> Propeny which may attain priority over this Security Instrument, and leasehold payments or ground rents, ii'any. �
<br /> Borrower shall pay these obligations in the manner provided in paragraph 2,ar if not paid in that manner,Borrower shall ' '
<br /> , pay them on time directly to the Ferson owed payment.Borrower shall promptly furnish to Lender all notices af amounts '
<br /> to be paid under this paragraph. If Borrower makes these payments directly, Bonower shall promptly furnish to Lender .
<br /> receipis evidencing ihs payments. f_ �_
<br /> P,asrc,::rr��;a;i Y;t3t;,Nisy.iisc,iargc any iicii wiii�ii na�priuriiy ovrr ini��cY:uriiy In�iru�neni w�tes�$urrvwer:(aj
<br /> - agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in goad { �-
<br /> faith 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 lien or forfeiture of any part of'the Property;or(c)secures from the holder of the lien an "-
<br /> - agreement satisfactory to Lender 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, I.ender map give Barrower a =
<br /> , notice identifying the lien.Borrower shall satisfy the]ien or take one or more of the actions set forth above within 10 days � :'�
<br /> of the giving o1'notice.
<br /> 5. Hazard Insuranee. Borrower shall keep the improvements now existing or hereafter erected on the Propeny
<br /> insured against loss by flre,ha�ards included within the term"extended coverage"and any other hazards for which Lender
<br /> requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. T'he
<br /> insurance camer providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be �
<br /> unreasonably withheld. t. .,:
<br /> All insurance policies and renewals shall be acceptable to Lender and shall include a standard mongage clause.
<br /> � Lender shall have the right to 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,Bonower shall give prompt notice to the insurance �
<br /> carrier and I.ender.Lender may make proof of loss if not made promptly by Borrower. '`�'��
<br /> Unless 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 /> Borrow•er abandons the Propeny,or does not answer within 30 days a notice from Lender that the insurance carrier has
<br /> affered to settle a claim,then Lender may collect the insurance proceeds.Lender may use the proceeds to repair or restore
<br /> the Property or to pay sums secured by this Security Instrument,whether or not then due.The 30-day p�riod will begin
<br /> when the notice is given.
<br /> • . Unless Lender and Borrower otherwise agree in writing,any application of proceeds to principal shall not exten�or
<br /> postpone the due date af 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 Ixnder,Borrower's right to any insurance policies and proceeds resulting
<br /> from damage to the Property prior to the acquisition sha11 pass to Lender to the extent of the sums secured by this Security
<br /> Instrument immediately prior to the acquisitian.
<br /> 6. PreservAtion�nd Maintenance of Property;Leaseholds. Borrower shall not destroy,damage or substantially
<br /> - change the PropeiYy, allow the Property to deteriorate or commit waste. If this Security Instrument is on a leasehold,
<br /> $orrower shall comply with the provisions of the lease,and if Horrower acquires fee title to the Property,the leasehold and •-=---_-_=-
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