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<br /> UNIFORM�OVEN�NTS Borroiver and Lender covtnant and agtee as follows:
<br /> � D. F�rmeni oi Principn!��nd Interest;t tepsyment and l.att Charges. HarmH•er sha11 pron�ptly pay when due
<br /> the principal af and interest an thr de�t evidenceci by the Note and any prepayment and late ch�rges due under the Note.
<br /> 2. Funds tar 7axes and Inaaru�ce. Subject ta applicable l�►w or to a wntten waiver by Lender,Hanower shall pay
<br /> to,Lender on�hc day monthly payments are due ur�der the Nate,until the Note is paid in full,a sum("Funds")equal to
<br /> one•twelRh �f: (a�.y�Arly tn�ec �n� assrsssttents �tihich may attain priority over tLia Se�:urity tnsuument; tb) yeariy
<br /> leasehold payments or graund rents on the Property, iP any; (c) yearly hazard insurance premiums; and (d) yearly
<br /> martgage insurance premiums,if any.These items are called"escrow items."Lender may estimate the Funds due on the
<br /> basis of current data and rrasanable estimetes of future escrow items.
<br /> The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br /> state agency(including Lender if Londer is such an institutian). I.ender shall apply thr Funds to pay the escrow items.
<br /> Lender may not charge for holding and applying the Funds,analyzing the account or verifying the escrow items, unless
<br /> Lenda pays Borrower i�terest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br /> Lender ms�y Agrec in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br /> requires interest to be paid,Lender shall not be required to pay Borrower any interest or earnings on the Funds.l,ender
<br /> shall give to Bonower.without charge,an annual accounting of the Funds showing credits and debits to the Funds and the
<br /> purpose for which each debit to the Funds was made.The Funds are pledged as additional security for the sums secured by
<br /> thi Securit•�In:ttume�•t.
<br /> If the amount o��he Funds held by Lender,together with the future monthly payme�ts of�unds payable prior to
<br /> the due cktes of the escrow items.shall exceed the amount required to pay the escrow items when due,the eacess shall be,
<br /> at Bomower's option,either promptly repaid to Borrower or credited to Borrawer 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 I.ender any
<br /> amonnt necessary to make Lp the deficiency 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. lf 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 Propertv or its acquisitinn hy i.rnr.ier, ?r.y p,!r��held by wader nt th�ti;ne o;
<br /> applicsrion as a credit against the sums secured by this Security Instrument.
<br /> 3. Applicttlon of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br /> pangraphs 1 and 2 shall be applied:6rst,to late charges due under the Note:sec�nd,to prspayment charges due under the
<br /> Note;t�ird,to amounts payable under paragraph 2;fourth,to interest due;and last.to principal duo.
<br /> �. C6vge+: LI�n:. Horrower shall pay all taxes,assessments.charga, 8nes and impositions attributable to the
<br /> Property which may attain priority_over this Security Instrument, and lcasehold payments or ground renu, if any.
<br /> Borrower shall pay these obligations in the manner provided in paragraph 2,or if not paid in[hat manner,Borrower shall
<br /> . psy them on time darectly to the person owed payment. Borrower shali promptly furnish to Lender all notices of amounts �
<br /> t°be p'-'ict»—"-�r"' '°��e F;�•-"�,"';�;,,r.'�ni�cs inrae payments directly.Fsorrower shaU promptly furnish to Lender -
<br /> rectipts evidencing the payments. �
<br /> Horrower shall promptly discharge any lirn which has priority over this Security Instrument unless Borrower:(a) Y
<br /> agre�in writing to the payment of the obligation secured by the Iien in a menner acceptable to I.ender;(b)contests in good
<br /> faith the lien hy.or defends against enPorcement of the lien in,legal procadings which in the Lender's opinion operate to �
<br /> prevent the enforament of the lien or forfeiture of any part of the Property;or(c)secures from the holder of the lien an
<br /> agreemtnt satisfactory to I.ender subvrdinating the lien to this Security Instrument.If Lrnder determines that any part of
<br /> the Property is subject to a lien which may attain priority over this Security ]nstrument. Lender may give Batrower a
<br /> natice idrntifying the lien.Horrower shall satisfy the lien or taice one or more of the actions set forth above within 10 days �
<br /> of the giving of notice.
<br /> S. Hatard In�ur�nce. Borrower shall keep the improvements now eaisting or hereafter erected on the Property ;
<br /> insurod against loss by fire,hazards included within the term••eatended coverage"and any other hazards for which Lender
<br /> requires insurance. This insurance shall be maintained in the amounu and for the periods that Lender requires. The �
<br /> insarsmce carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be �'
<br /> tnnrnsonably withheld.
<br /> AU insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause. ��'�
<br /> Lender shall have the right to hold the policies and renewals.If Lender requires,Borrower shall promptly give to Lender '. ;
<br /> all receipu of paid premiums and renewal notices.In the event of loss,Borrower shall give prompt notice to the insurance
<br /> carrier and Lender.L,ender may make proof of loss if not made promptly by Borrowtr.
<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 rerair is economically feasible and Lender's security is not lessened. If'the
<br /> reatontion or repair is not economically fessible or I,ender's security would be lessened,the insurance proceeds shall be
<br /> applied to the sums seturod 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 3U days a notice from Leadsr that the insuraince carrier has
<br /> offerod to settie a claim.then Lendes may callect the inswance proc:eeds. Lender may use the proceeds to repair or restore
<br /> the Property or to pay sums secured by this Security Instrument,whether or �►ot then due.The 30-day period will begin
<br /> when the noiice is given.
<br /> Unless Lender and Borrower otherwisz agr�e in writing,any application of proceeds to principal shall not extend ur
<br /> postpone the due date of the monthly payments referrod 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 policies and proceeds resulting
<br /> from damage to the Property priar to the acquisition shall pass to Lender to the extent of the sums secured by this Secarity
<br /> Instrument immediately prior to the acquisition. --_-�-----
<br /> 6. Preserv�tion and Maintensnee olProper�;I,easeholds. Borrower shall not destroy,damage or substantially '
<br /> change the Property, allow the Property to deleriorate or commit waste. If'this Security Instrument is on a leasehold,
<br /> Borrower shall comply with the provisions of the lease,and if Borrower acquires fee title ta the Property,the leasehold and
<br /> fee title shall not merge unless Lender agrees to the merger in writing.
<br /> . 7. Protection ot Lender's Rights in the Property; Mortgage Insurance. If Borrower fails to perf�rm the
<br /> covenants and agreements contained in this Secunty Instrument,or there is a legal r*xeetli�g shat may sig�i;cantly affect �
<br />- � i.er��_n's nghts in th_�ro�riy (;uch o5 8 pTaCf"ci�ail�iii ��►7X�u}�(�y. pr�bate, for conaemnation or to enforce laws or '�
<br /> regulations).then Ltnder 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 achons may include paying any sums secured by a lien which has pnor�ty over th�s Secunry
<br /> Instrument,apptaring in court,pay�ng reasonable attomeys'fees and entering on the Property to make repairs. Although ��r
<br /> I.ender may take action under th�s paragraph 7.Lender does not have to do so t15�
<br /> Any amoums disbursed F�y Lenuer under th�s paragraph 7 sha1)beeome add�t�ona!deb�c�f Borrawer cecured by this �•
<br /> Secunty Instrumeni Unless Borrower and I�ender a�ree to othet terms of payment,these amountti tihall hcar iiiterrtit fmm ' "
<br /> the date af d�sbursement at the Note ra�e aud �hall be payable. with intere�t, upon not�ce fr�m Lende� tc� Rc�rrnwer
<br /> requestmg payment
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