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<br /> ._ 90-� 401045
<br /> Uhl�o�ttv���c+�tn�.Y�.: Borrower and Lender wvenant and agree as follAats: ,
<br /> _ 1. Ppsmyc�t ef Fr��i�i}�tl smd Iateres�Pregagmeat and Late CharSes. Borrower shall promptly pay when due
<br /> th$principal��'and iAi�res.;cm the debt evidence�by the Note and any pregayment and late chargesdue under the Note.
<br /> 2. Ftmda��+rr,T��s�an�t IasvJance. Subject to applicab2e taw or ta a written waiver by Lender;Eonower shall pay
<br /> � to Leader on ihR da�!t�r►tl�thly paymer�u are due under the Note,until the Note is paid in fi:ll,a sum("Punds"�equal to
<br /> one-twelRh of:�(pp:��art�T taxes ai►d assessments w}�ich may attain priority over this Serurity Instrument; (b) yearly
<br /> tras�hold gayments ar:�'�:nd rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br /> t�fl*tgage insnra�tie�rc�a�ti�s;i�ar.y.These items are called"escraw items."Lender may esiimate the Funds dse an the
<br /> i�sef c�tdata au.�cc�cir�tst��mates of fut�re�cro�:�tems.
<br /> �� �����"�^..ds shafl ise�:d in an:r,ssitution thed:-{�sits ar accaunts of which are insured or guarantetd by a federal ar
<br /> : '��:w�;,-�::�including�nder if Lender is such a�insritutian). Lender shall apply the fiunds to pay the escrow items.
<br /> Y�ader�y not charge for holding and applying the Funds,anaiyzing the account or verifying the escrocv items,unless
<br /> Lender pays Barrawer interest on the F�nds arzd applicable iaw permits Lender to make such a charge. Borrower and
<br /> I,endu may agree in writing that interest shalt be gaid on the Funds. UniesS an agreem�nt is made or applicable�aw
<br /> requir�interest to be paid,Lender shai}rtot be required to pay Borrower any interest or eamings on the Funds.Lender
<br /> sh$11 give to Borrower,withaut charge.an annual accounting of the Funds showing credit�and debits to ihe Funds and the
<br /> purgose for which each dobit to the Funds was made.The Funds are pledged as additiona2 security Por the sums seeured by
<br /> tbisSecurity Instrament.
<br /> Iithe amount af the Funds held by Lender,together with the future rnonthiy payments of Funds payable prior to
<br /> the due dates of the escraw items,shall exceed the amount requiied to pay the escrow items when due,the eacess shall he.
<br /> at E3orrowu's ogtioa,either promptly repaid to Borrower or creditcd to Bosaswer on monthly payments of Funds.If the
<br /> amount of the Funds tteld by l.ender is not snfficient to pay the escrow items when due.Borrower sfiaLt pay to Lender any
<br /> amaunt necessary to moke up the deficiency in one or mare payments as rec{uired by txa�ler.
<br /> � Upon payment in full of all surns secured by this 5ecusity Instrument,Lendec shall pramptiy refund to Bonower
<br /> any Funds held by I.cnder.�f under paragraph 19 the Praperty is sotd or acquired by Lender,Lender shal!aFplg,no later
<br /> than imcnediately priar to the sale of the Property or its acquisitian by Lender,any Funds held by Lender at t��time of
<br /> . applicatian as a credit against the sums secured by this Security lnstrument.
<br /> 3. Applicatian of Payments. Unless applicable law�=ovides othetwise,a11 rayments received by Lender under
<br /> paragraphs 1 and 2 shall be applied:fi�st,to late charges dae t,..�a�-ar the Not�second,t�a�T��ayment charges de�e a�rL�er the
<br /> �;L*�thir�.to amounts payable under pazagaph 2;fourth,t�a-�erest due;and last,to peincipal due.
<br /> 4, C6arges;Li�s. Borrower shall pa�:a.t taxes,aSS�sments,charges,fines and impositi�r�s attti���>e to the
<br /> . ��perty which may a�tain priority,over this �:.-ity Inszrument, and leasehold payments o*,��r..�-� �s, if any.
<br /> cronower s�+nll pay these obligations in the mar.^e�Fror.6r�3.i n�aragraph 2,or if not paid in that e�.R.�:r��iewer shall . ,
<br /> � �ay them c:+t�ime directly to the person owed paymer:*..�.�r:���'er shall promptly fnmish to L.ender�r.�w::.��f;zmounts .
<br /> to be pai�:�:_der this paragraph.If Horrower makes t!^�s;.�ar L-�ents directiy,Bonower shall prompt'.F ax��:'���:��.ender
<br /> teceipu e��encing the�ayments.
<br /> 8�crower shal3�!-amptly diseharge any?:�n cz:�ich has priority over this 5ecurity Instrument u::''-:as Bonower:(a) .
<br /> agrees in c�r�:ao to the payment of tha obligation seccared 6�the lien in a manner acceptable to Lertder;(b)cont�sts in good •
<br /> faith che C:�:��y.or defends against e�forcement of the 1'.e�er.,legal proceedings whic6t ir�the Lender s opiniarr.Q{�erate to
<br /> Frever�t t::e enforcement of the lien or forfeiture of any�w.���Ethe Property;or{c)seca:c:s from the holder��.���i.�lien an
<br /> agreement satisfactory to Lender subordinating i"e iier.:c t�is Secucity Instrument.If Lender deterrnines that any part of ':�
<br /> the Property is subject to a lien which may ati?.�a^Fr.t:i.y over this Security Instrument, l.en�c�t cr�ay give Bonower a ',;i�;;;'�'
<br /> notice identifying the fien.Borrower shall satisfy�rr.i:rr.c��take one or more of the aciions set ft,st�2�ve a�*t�'sn 10 days _
<br /> ' of tha giving of notice. '
<br /> S. Hazard lnsurance. Borrower shall Ece�t"���i�provements now existing or hereaf!ec erected on�hs Property
<br /> insured against toss by fire.hazards included wi�h:_^.tie ierm"extended coverage"and any other�-,�aards for which Lender
<br /> requires insurance. This insurance shall be n.zir�air.�d in the amounts and for the periods that Lender reyuires. The
<br /> insurance earrier providing the insurance shai�'�e c:ese;�by Borrower subject to Lender's approval which shall not be
<br /> unressoa.a�ly withheld. '
<br /> Abf�insurance polieies and renewats s:ta".�ae aa:F�+�`ble to Lender and shall inc3u�e a standard r^�.zc:�2�ge clause. , •
<br /> Lende�shaU have the ri t to hold the licic�. a^�rerewals.lf Lender requires,Borrower s::�ic�r�:nptly give to Lender , �
<br /> ai:r�pts otpaid prem ms and renewal nor�v_�.S^:I�e event of loss,Borrower shaA give prc�^�t:nez:ce to the insurance '�` '
<br /> c�y rier::�.��Lender.Lender may make proof of lass ia r.�t c,r�.;�9e promptly by Horrower. �`�+e��
<br /> G;rC=ss Lender and Borrower otherwise agree in w,��;r�;,insuranee proceeds shnll be a���:;=�c�re�t�:cw•7�;�n ot repair f
<br /> ef ti:e C'cc�erty damaged,if'the resioration or r��air is e:,�aomically feasible and Lcnder s�crs��t; :s rot lessened.If the
<br /> restccat��cn or repair is nat eeonomically fe�.ii�G���cr Lender's security woutd be lessened,tre ir.�.�r::.^.ce proceeds shall be
<br /> applie,�to the sums secured by this Security r�-�strument, whether or not then due,with any excc�s paid to Borrower. If
<br /> Borrowec abandons the Property,oe �ces not answer within 30 days a notice from l..ender that the insurancc carricr has
<br /> aPfered to settle a claim,then l.,cnd:r may collect the insurance proceeds.Lender may utie the procecds tn reps�ir ar restore
<br /> the Property or to pay sums secured by this Security lnstrument,whether or not thcn duc.The 30-day period wil)begin
<br /> when the notice is given.
<br /> Unless Lender and Horrower vtherwise agree in writing,any application of proceeds to princip:�l shall�iot extend or
<br /> postpone the due date of the monthly payments refened to in parngraphs 1 And 2 or change the amount of the payments.lf
<br /> under paragraph 19 the i'ropeny is acquired by Lender,Borrower's righ!to any insurance policies and proceeds resulting
<br /> from damage to the Property prior to the acquisition shall pass to Lender to the extent�f the sums secured by this Seeurity
<br /> Instrument immediately prior to the acquisition.
<br /> 6. Preservation and Maintenance of Property;Leaseholds. Borrowcr shall not destroy.damage or substantially
<br /> change the Property,allow thc Property to deteriar:�te ar cnmmit waste. If this Security lnstrument is an a leasehold,
<br /> Borrower shall comply with the pr�visi�ns af the lease,and iPBorrowcr acyuires fee tifle to the Property,the leasehold and ;____�__
<br /> fee title shaU nat mcrge unless Lerr�;:-agrees to the merger�n writing.
<br /> 7. Protection of I.eader's F'c:ghts i3 t'-e Prr.pe+r¢�: Mortp,age Insurance. lf Horrawer fails te �erform the .
<br /> c�•�e:ta:-'s and agreements contained in this S��tu,*�c•y fr.�t:�,n�ent,or there is a legal proreeding th�:?.^�s�,si3r.:acnntly affect
<br /> • LFr���5 rigf►ts in the Pr�perty (such as a�.����:���sing ir��ankruptcy. probate, for candemttalicsn or to enforce laws or ;
<br /> regatali+��s},then Lender may do vnd pay for whatcvcr is�rF+ressary to protect the valuc af the Property and Lcnder s cights
<br /> in the Property. Ler�det's actie�ns m�y ifulude paying any sums secured by a lien which h�s ptiurity�ver this Security
<br /> L lnstrument,appearing in court,paying re�sonable attorneys Pees and rntering nn the!'roperty t��make rep��rs.Alth��ugh �
<br /> i.ender may take activn under this pt►ragraph 7.Lendet does nat hare to do�o.
<br />: Any amounts disbursed by Lender under this paragr�ph 7 shal)become additi�mal debt��f liorrc�wrr secureei by this �
<br />, Seeurily Instrumeiit.U�tless Iiutrowrr.�nef lxnder agree to ather term�c�Ppaynzeut,these amc�unt�shall lx:�r u�terest fmui h�
<br /> the datr uf disb�rsement at the Note rate attd sh�l) he payable. with intere�t. �ipo�� ne�u�r fmm I.cnder to Hnrr���vcr �
<br /> requestmg p�yment. '` x�
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