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<br /> UtvIFORMC�t��rrvnyTS Ilorrow•crnndLenciercovcnen�andagreeasfollows: 9Oi�OQ���
<br /> � 1. P��ment uf p�lnclp�l and Inte�ett; �'rcpq•ment�nd I.ate Char�es. Borrawer shall promptly pay when due
<br /> the pnncipal of�nd intcrc�t�n�lic dcbt c���denrcd hy thr Note und any prepayment and late charges due under the Note.
<br /> 2. 1�`unds tar 7'�Rr�aad Iniuranco. yub�ect to appticable tawr ar ta a wntten waiver by Lender.Horrower shall pay
<br /> to Lender an the day mnnthly payments arc due under the Note. until the Note is paid in full,a sum ("Funds")equal to
<br /> uue-Iwrlitl� uf: ia)�ye�ri� tanc3 �ad �sse�sments which may attain pri�rity ove� this SecuciS} I�sirument; tb) ye:.rly
<br /> leasehold p�ymenis ar �raund renis on thc Prapeny, iP any; (c) yearly hazard insurance premiums; and (d) ycarly
<br /> mortga�e insurince prsmiums.if Any.the�c uems are called"escrow items." Lender may rstimate the Funds due on the
<br /> basis of current data and re�sonable estim�tes of future escrow items.
<br /> 'f he Fund9 sh�ll be held in an institution the deposits ar accounts of which are insurcd or guaranteed by a federal or
<br /> state*�•ncy(including[.tnder ii'l.ender is�uch an institution). Lender shall apply the Funds to pay the ac�ow items.
<br /> Lender may nat ch�rge for holding and�pplying the Funds, analyzing the account or verifjring the escrow items, unless
<br /> Lender psys Barrawer interest an the Funds and �pplicable law permits Lender to make such a charge. Borrower and
<br /> Lender msy �gra in writ�aa that interect shpil be paid on the Funds. Unless an agrecment is made or applicable law
<br /> reqvires i�tertst to be paid, l.cnder shall not be requircd to pay Borrower any interest or earnings on the Funds,l.ender
<br /> shall give to Borrawer,without charge,an an�ual�ccounting oPthe Funds showiag credits and debits to the Funds and the
<br /> purpose fo�which each debit to the Funds was made.The Funds are pledged as additional security for the sums secured by
<br /> . this Socurity lnstrument.
<br /> If the amount of the Funds held by Lender.together with the futurr monthly pa,+ment:.�f Funds payable prior to
<br /> the due dates oP the escraw items.shall exceed the amount required to pay the escrow items when due,the excess shall be,
<br /> st Borro�+er's option,�ither pramptly rcpaid to Battower or credited to Borrower on monthly payments of Funds. If the
<br /> amount of the Funds held by I.ender is not sufficient to pay the escrow items when due,Borrower shall pay to I.ender uny
<br /> amount necessary to make up the deftciency in one or more payments as required by I.ender.
<br /> Upon payment in fLll of all sums secured by this Security l�strument, Lender shall promptly refund to Borrower
<br /> any Funds held by Lender.lf under paragraph 19 the Property is sold or acquired by L�nder.Lender shall apply,no later
<br /> th�n ir!�mteiintely pri�r t�the�sle of'the Property or its acquisitiun by Lender,any Funds htld by Lender at the time of
<br /> applicatlon as�credit againsl the sums secured by this Security Instrument.
<br /> 3. Applia�tioa o!Paym�ab. Unless applicable law provides otherwise,all payments receivod by Lender under
<br /> parsgraphs 1 and 2 shull be Applied:Brst.to lete charges due under the Note;second,to prepayment charges due under the
<br /> Note;third,to amounts payable under paragraph 2;faurth,to interest due;and last.to principal due.
<br /> 4. Cl�arges;Lieas. Borrawer shvl pay all taxes,asuscments,charges,fines and impositions attributable to the �
<br /> Property which may attain priority.over this Security Instrument, and leasehold payments or ground renu, if any.
<br /> Borroaer shall pay thae obligstions in the manner providad in paragraph 2,or if not paid in that manner.Borrower shall
<br /> pay them on time directly to the person owed�ayment.Borrower shall promptly fumish to Lender all notices of amounts
<br /> _ tn 1�� »nAwe t �c n*rworwnr�,i I Rnn urwr m�4�„c eh�n�v .n c rli.rtiv. Rnrr�w�r chall nmmp;lv furnish to Lender � --
<br /> L� r._w .L+...r..._o._ . �_,.._�..� r_�*.l+. Y f__._,.—_�-- -
<br /> receipts evidrncing the paymenis. �
<br /> Borrower shall promptly discharge any lien which has priority over.his Security Instcument unless Bonower: (a)
<br /> s�a.s in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good -
<br /> fiith the lien by.or defends against enforcement of the lien in.legal proceedings which�n the Lender's opinion operate to =
<br /> prevent the enforcement of the lien or forPeiture of any part of the Property;or(c)secures from the holder of the lien an
<br /> agrament satisfactory to Lender subordinating the tien to this Security Instrument.If Lender determin.x that any part of ��
<br /> the Property is subject to a lien which may attain priority over this Security ]nstrument, Lender may give Horrower a � `
<br /> nodce identifying the lien.Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br /> of the giving of notice. ;
<br /> S. Harud Insu�aace. Borrower shall keep the impravements now cxisting or hereafter erxted on the Propeny
<br /> insurod against toss by fire.hazards included within the term"extended coverage"and any other hazards far which Lender +�
<br />, requires insurance. ?his insurance shall be maintained in the.amaunts and for the periods that I.ender requires. The
<br /> insurance carrier providing the insurance shall be chosen by Bonower subject to Lender's approval which shall not be i�'
<br /> unrasonably withheld.
<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. lf Lender�equires,Borrower shall promptly give to Lender
<br /> :' all receipts of paid premiums and renewal notices. ln the event oP loss.8vrrower shall give prompt notice to tha insurance -
<br /> ;� carrier and Lender.I.ender may make proof of loss if not made ptomptly by Borrower.
<br /> . Unless Lender and Bonower otherwise agree in writing,insurance proceeds shal!be applied to restoration or repair ` '-�
<br /> - of the Property damagod,if the restoration or repair is economicslly fasible and Lender's security is not lesseaed. 1P the
<br /> �: restotation or repair is not economicatly feasibte or Lender's security would be I�ssened,the insurance proceeds shall be
<br /> •" ipplied to the sums secured by this Security lnstrument. whether or not then due,with any eacess paid to Borrowtr.If
<br /> ' Borrower abandons the Property.or does not answer within 30 days s n�tice from Lender that the insurance carrier has
<br /> • offered to settle a claim,then Lender may collect the insutance procteds. Lender may uce the praceeds to repair or restore
<br /> the Property or t4 pay sums secured by this Security lnstrument.whether or not then due. The 30-day period will begin
<br /> when the notice is given.
<br /> Unless Lender and Borrower otherwise agree in wn�ing,any appl►ca��on of procceds to principal shall not extend or
<br /> postpone the due date of the monthly payments referred to in paragrsphs 1 and 2 ar change the amount oPthe payments.lf
<br /> under paragraph 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 l.rnder to the extent of the sums secured by this Security
<br /> Instrument immediately prior to the acquisition. _ ;___-�-__
<br /> 6. Pretervation and Matntenance ot Prope�;Leastholds. Barrawet shall not destroy,damage or substantially ' .
<br /> rh�go�Sh�Prn�vrty; all�w the Prnnrrty tn rl�tennrate ctir commU waste. li this Security Instrument �s on a leasehold. ,
<br /> Honower shall comply with the provisions of'the lease,ond if Horrowcr acquire�fee t�tle to thc i'roperty,the Icasehold and _
<br /> fee title shall not merge unless Lender agrees to the mergcr m wrihng *. ,
<br /> 7. Protection ot Lender's Right� in t�e Property; Mortgs�ge Inrur�nce. If Borrawcr fads to perfor�n the �,
<br /> covenants and agraments contained in this Security Instrumenl,vr there�s a IrFal proceeding that may significantly affect
<br /> L Lender's rights in the Property (sueh as a proceeding in bankruptcy, probate, fot condemnat�an ar �o enforce laws or �
<br /> regulations),thcn Lender may cio and pay for whatever�s�ecessary tc►prc�tec�the�aluc uf►he 1'ropeny and Lender's nghts �
<br /> in the Proper9y. I.ander's acl�ons may mclude pay�ng any sumti �ecured by a hen wh�ch has pn��nty o�er �h�s Secunty •d
<br /> [nstrumrnt,appeanng in rourt,�aymg reasonable att��rneys'fees i�ud entrrmg un the Pmper�y�n makc rcpa�rh Althaugh � �t��
<br />- Lendcr may take acacn under this paragraph 7.l.ender d�eti nut hati•e ti�d��«� �
<br /> Any�mnunsc disGursed t;y Lendcr undcr th�s pi1Pil�id�1}I��IIiiI)f1C"a i�Ti1C�ii�(�iilt�ii:i{i�fT'�;��f li�+r<<��:•er �.ct ured by th« �
<br /> SeCUnty lnstrurnent Ur�lesti Horr�wer nn��f Lender aKree tu othet terrns i�f payrnrut.thcre atn�nn����hall hear intcie�t (n�m „
<br /> the Qate uf d�shurtien�enl a1 tlie Nc�lc rale :md tihtill �se ��,a�c�hle. wilh �ntrre•�i, upnn n��u��• li�m� 1 cndrr �n l�nrr��v►•er
<br /> rrquesuog payment
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