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<br /> ` ��N��A•Ut GOVEl�lA�lTS. BOi�O:v°i 3!f:3 E.Et'.:1�� CAV�t�3:f2 3:S�.2y.�8 3.`, fQ:SCttv: .V�-� i409�i
<br /> 1. Paym�nt of Principal and (nt�r�st; Pr�paymtnt and Lfts Ctw�as. Bc+rrov+er shatl prom.ptty pay wnen �u9
<br /> trte prmc�pat of. anc! mterest on the debt ev�yenCetl by the 1�'ote 2nd any prep2ymer.t 1nd late c�arges due under the
<br /> r:ote.
<br /> � Z. Funds for Tax�s an� Int�aarfcs. SuDject to applicabts �aw ar to a wrrtten wzrer by Lender, Borrower shall
<br /> pay to Lender pn the day mo�thPJ p2yr.�entS are du9 under tAe i�01e, untn the Not@ is pa;d i� futl, a Sun ('�unds'7 equal
<br /> ta one-twelitR of: (a� yearD� taxes � assassments which may attain priority over thi� S9currty Instrem8nt; (b) yearh�
<br /> teasehoid payments or ground renss on tAe �roperry, ii arry; (c) yearl� hazard insu�ance premi�rns; and (d)yaary mcrtgage .
<br /> msurance premiians. �f any. 7nese items are calted "es�row ite�r►s" Lender may estmate the Funds due or tne basis of
<br /> current 6ata and reasonabte eStcn:tes of fu2u*e escrow items. �
<br /> The�Funds shzlt be hetd in an institution the deposit5 or. acco�:nts of which are insured or quaranteed by a
<br /> fedsral ar state agen_y. (irth��i.^.g Len�er if Lender is such an instituti�c�. Lender sha�� appty the Funds to pay the
<br /> . escrow rtems. Lerr:�:msy n�t chzrg2 tor ho'ding and appD,ring tha Fun95, anah�zing the zccowt or verifying the escrow
<br /> �� items, unless Lender ❑sys pqrro�ver mtarest on tne Fu^�5 and eQpfCcbL3 taw�permits Lender to malce �uch a charge. A
<br /> cnarge assessed by Len�er, tn conn2cti�n with Borrower's entering into this Sectcity 1n5tnmEnt to pay ihe cost of an
<br /> indepenQent tax repartl^q :an�ice S�a!t n�t bs a chzrga tor pu,�,o�es of tAe preceding geMers�e. Borcower and Letsder
<br /> may agree m wriFm� ft�?; irse�st shat'- hs pai� on tha Funds. Unf��� an ageemant is msde ar appGCabts law requir6s �
<br /> �nterest to be R2!�� L�n�Er Jra?! not be required to p�y BorrowFr arn,� interest Or e2rning5 Gss 2Ae FundS. LenGer 5h�1:
<br /> gve to Bor:ower, :;nt!:,;ut its::rr�2, zn annuZi•a:couritira of tha Fu�ds showing credi?s and debits to tnff Funds and the
<br /> p�rpose for wrs�cn e�ct� dE�ct� ta i113 Fu.^.ds was m-�rie: The Funds are ptedged as addrtional security,fnr the suns
<br /> � secured by this �E_u-it�r tnstnanens. . . :
<br /> „' � If the ar,;,4:c:�. �f the Fimds het:i by L6n�8r� 4Q�2ti8r wsth the tuture montRy payrnents of Fir.i,�,. ��z�t� �rlor,
<br /> to the due dates e" -he escrow �e^ns, sh?� : exceed m� ��n��i:t .raqu:red to pay the escrow items v�r"=ry��C�,c,. thg
<br /> axcess shail Ge, as• �c,rrower's opti�n, eit"Zr: pro:n�ft,l�:EpaiC ta �arm;ver or credited to Borrower on m:rthiy p�rnenis
<br /> • ot Funds. If the an�aii of �he Fur.CS heftl by l.en:er. �� rs�3'��1tfE�iant to p2y the esCrow items wher. �a�, 9orrower �
<br /> �,. . 5haI1 pay to Lender a^y rin�u-:t r.c�es5�ry to make u�•1kL�aefiCier,�f�m one oc:m.�re payment5 as requirF� �y Lender.
<br /> • Upon pGyr:�*t ir. fu�,=E�.alt�s:rsas s�cured by lt.:��ecurity i=strtment, L�-�3an sha!1 prompty rsf�C_to Borrower ,
<br /> any Funds held by L��:�cer, ;f ��:Cer parz�:r 19 the ProFerty i� s_a.0�r acquired by�L�nle.c, E_e�3et shall appy, no latet
<br /> than ermed�ately �r.:--x ��.t ��le Of the r-r.perTy or its acquis�t��r cr Lender, any Funds h�;z t: tender at the tine of
<br /> appt�cauon as a crr;,;- .STr�` ir,: sums seC�red by thiS .r rurity :°.�*„-nent. �
<br /> 3. Appllca`.icr a4'�x,+rz:t�ste. Unless dpp6C2blr_ ;_�.�i pr�;c�as otherwise, au payments reoeivee by Lender under '
<br /> ' , paragraphs 1 and 2..iarf be a;:�;°eo: ttrat,. tn ►ate cha:r�: ��.,a ur��a- :he Note; second, to prepayneni ch�rges dus under
<br /> ihe Noto; third, ta ��unts payabls u^,9r.w�_,aph 2; tr,,,;h, ia �-:�rr;sst due; and last, to principal aue.
<br /> 4. Charges,; !Isns. Borrow�r sr,:u r?� aU taxes, assess�r�•r°�,. charges, tines and �npositions attribu[able to the '. .
<br /> Property which m3y attain pricr�t; over this Securrty ��stt�me�", �d lea5ehotd p2yments or ground rents, if any.
<br /> Borrc.ver shau p;y these ob1,g;Jf;ns in the manner pro�:y��� in paragraph 2, or if not paid in that manner, Sorrower shali
<br /> ' pay °°.�-n on tane direCtt� to th� person owed payrr=-r: Borrower sb211 prarr.,�e!y furnish to Lender z!t notiCes of
<br /> 2mo���s to be paid under th:s paragraph. If Borrov,er maRSS these paymenis d�rE�r'�, Borro�ver Shdll promptty furnish to � ��.
<br /> � Lende- rece�pts ev�denCing the pa-yment5. '
<br /> ' Borrov,er shall promptfy d�sCharge any I�en wh�ch has prlcr+:y. over ihis Security Instruirent unless 8orrower: (� � '
<br /> agrees �� wnting to t�e payment of the obtigation securcd by the iien in a manner aeceplz�Ie to Lender, :b) contests m �
<br /> good ;aith the I�en by, or detends against eniorcement .1; the t�en in, legal proceedings �vhich in the Lcr.48r'S oD���on
<br /> operas�. to prevent the enforCement of the I�en or 'c�!crture of any part Of the Property; or (C) SeC�,rr9s from the
<br /> holder of the lien an agreement satisfactory to Lender subordin�s.tig the lien io this Security Instrunenf. If lender , r-
<br /> determ�nes that 2ry part ot the Properiy is subject to a lien wh::ts may attain priority over thls SeCUriry Instr�lnent,
<br /> Lender r+ay give Borrower a notice identifying the lien. 9orrowE- ��-�I1 satisfy tho lien or take ono o� more ot the ;,�
<br /> ' act�cr., �at forih above with:n iQ da��s of the giving oi ^�:t�ce.
<br /> a. Hazard Ins�ranee. L�="'ower snan keop the r.,;�covomonis now existi�3 or hereatter erected � s~9 Property
<br /> ' �nsurt� agalnst IG55 by fire, hazards inCtu�s� within th8 tertY� "extended coverage" and a"v other haz3r/JS for :':7i;.h
<br /> , . Lender requires i��;uranCO. 7h�s msurance ^ ,' bo mamtained in the amounts and for the wEr::CS that Lender rgq�-�:•. ,
<br /> The msurance czrr�er prov�d�ng the msurance shall be chosen by Borrower subject to Lender"s apDrovai whiCh shall not !
<br /> bo unreasonaby withheld. ,
<br /> AII insuran:o poliCies and renewal5 Shall be G::�table to Lentlor and shall inclutl0 a Standard r' � `
<br /> �-:gage clause. :g
<br /> LenUer shall have rhe nght to hpld the pol�cies and �e^�.�����IS. If Lentler requires, Borrower sha:l prom��r,; �•f9 to LonOer •
<br /> all re�eipts Of paitl premiiTns dnd ron8v�al n01iCe5. t^, 7nE3 event ot 1055, BOrrowBr ShaU giv0 prOm�i :�OtiCe to "�8
<br /> '� '
<br /> � msuranco carr�er and Lan�er. Lender may maKe proof of loss if not mado promptry by BorrOwer. .�
<br /> Un1es5 Lendor an0 Borrowor otherwise dgree �n wr�ting, insurance proceeds shan bo applled to restoration ;,� '
<br /> ropa�r of tho Property d�rnzgetl, if the restoratlon cr repa�r �s econom�calry feas�bto antl Lentler's �ecunty �s n0t
<br /> ie55ened. If the restoration or repair is not oconomica:`� faasiblo or Lender's securrty woufd bo �eSSer,E�,. �he insurance
<br /> , , proceeds shan be appl�ecf ro tne svns secured by :��s �acurity Instnrnent, wne�nor or not ���en due, �r:� any exce:.s
<br /> pa�d to Borrowor, If Borrower abandons the Proper;y, or does not answer within 30 dz�;� a nOtiCA from Lender �"....
<br /> the insurance carner has oiteretl to sUtt13 :s c't,m, ther. !pndor may collect the insurance pr���e,�.s. l.onder m3y usc ':'.
<br /> prOCeeC.^, t0 repa�r or reSlorQ tho ProDOrty or to paf ���^ns seCured by this Security Instr�nent� wnet�5tr Or nOt Y".3n
<br /> tluo. 1'hr, 30-day penotl wdl ber�n when ihv notiCe d gilr:n,
<br /> L'nle5s Londer and Bcrrower otherwise 2grca n wnting, any apphcation of proceods to pr.nc�.;al shall not
<br /> extontl or postpon9 tho due cfato of tho mOnthF� paym0nis roferrod to �n paragraphs 1 anC 2 Or Changa ths amour' o'
<br /> the paym9nt5. It un9pr paragraph 19 tho PropOrty �s acqwrpd by Lendpr, BotrOwAr'S tight t0 eny in5uranCB pOliCieS .3r'd
<br /> proceptls resultmg irom damage t� tno Proporty prior to tho acquisit�on shall pass to Lender to iho extent of the s�ans
<br /> securetl by th�s Security 'nslrunent �rmed�atoy pnor to ihe �Cqwsihon. .
<br /> 6. Pr�servstlon and Mslnt�nanes of Property; Leat�holds. Borrower shall not destroy, duna,r-s cr substantialy
<br /> _ ehango ine Proporry, auow tne Property to tlotor�orato or comm�t vrasta. It ih�s Securrty fnstrunem is on a t9a5en6ttl,
<br /> BorrOwer sh�ll cOmply v��!h tho prOvisi�n; of tne I9ase, and if Bnrrov,er aCqu�ros foo t�tlo to tha PrOporty, the
<br /> �easenpi� and foo rr,�o snai� n�t rnorge un;ess Lendar a3reos to t�o mergor m wnt�ng, � - ��
<br /> 7. Protsatlon o4 Lender't Rlyhts tn tht Property; Mortgg• fnsunne�. �t Borrower fa�is to psrtorm fhe - �
<br /> �OvC^�:r,;; �R;} ��tCCnt9�T5 CJntB�^9d �n thi5 $eCU�iiy I.�S1fldY1hft1� O� 1hp�g iS a �sga� proceodmg thBT fii3y s�gnificanty �
<br />— affect Le^dur's r��ht� m tho Prbperty ;such as a procaod�^g in DanRruptCy, prCbal9, tor condamnat�on or to eMOrCe ,
<br /> � �sr�s a� rog�:�t�or,;), fnpn Len93r ma� do and pzy for r,natover �s nflcassary to prptoct tho va:�e pf thp Peoperty and �
<br /> ��r,�igr', r����t5 �n th�� Property. �,endBt5 �O1:OnS m7/ in�'��e p,;�mg any Stl�S SOCUrptl Dy a Lgn v�hiCh ��5 D��O�rty OvA�
<br /> �n�; SSC�^�t� �r�;trurr��nt, ZppvB��^� ��� COU�t, 0�/«�g �43SOn]�!9 BttOmCyS� faCS �ntl Cntpr�ng dn 1A9 7rpp6�ty t0 mdk9 •�
<br /> ropa rs. t.i?na.�� �Enygr m�r� taxo act�on un9er �n�s parzgrapn 7, Len�gr doos ��or nave ro do so.
<br /> � � ���•� ��u�is dr,bur;e� Oy L6�n9er ur.9er tn„ p�ra;:�ph 7 ;ha�i becom9 a�Ud�on�l debt ot F3arrower gecurod by
<br /> '��'; `.;�sL�•�'f ffs;',•�/;�cn'. (J•�'9;; �Grr07/0' u'nd i_�J^.90t ;1tpg t0 plfif�t i�trn� UI p3y'Tl°n:, iC959 dl�00'�tS shai! bear it�;Of051 3
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