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<br /> urrtFO,eM covElv,u�,�: aorroWerana La�derCO�eaawc ana agree as fvnows:
<br /> � i. P�yaeat ot Pef�e1/d�Lten�Pte�ay�t�N I.�tc Ciar�s. Borrower shall promptty pay whta due
<br /> . the princ�ga!of and inurat on the debt evidmced by slie Note aad any prepayment and late charges due under the NotG
<br /> 2. Fmids fur Tues aad I�ee. SubjecE to app�cabie!aw ar to a writt�waiver tsy Lcnder.Borrower sha11 pay �
<br /> r W Lender on tt�e day monthly payma►ts are d�e uader the Note,unt�1 the Note is paid in full,a sum("Funds")equal to -
<br /> f ano-tweifth of- (a) yeazly taxes and assessments which may attain psiority over this Security Instrumeni; (b) Y�Y
<br /> lasehoid payinents or grvund.rents on the Praperty. if aay;(c)Yearly hazard insurance premiums; and (d) Y�Y
<br /> � - mortgage msurance preminms.if aay.Tfiese items are calted"�sceow items."Lender may estimate the Faads due on the .
<br /> b�sis ofcarr�ent dita aad re�abte estimates of fi�ture escrow itans. • . '
<br /> Tlte Funds shaU be held ia an institntian tLe deposits or aceounts oT,which are insured or guaranteed by a fcderal ot •
<br /> state agenc]r(mcluding I.eader if Le�de�is suc6 aa institatian).I.ender shaU apply the Fonds to pay the escrow iteins.
<br /> Lrnder may not charge for holding and applying the Funds,anslyzing the av�ouat or ven'fjriscg th�escrow itemss,nnl�ss _
<br /> Leader pays Borro�rcr interat oa tht Funds and applicable Iaw permits L•ender to malce snch a charge. Bofrowar and
<br /> La�der may agree in writing that interest s6a11 be paid on tlie Funds.:Uu3e5s an agrecmrnt is maae os applirabk!aw .
<br /> ' . ratuires interest ta 6e paid,Lender shaU not 6e requircd to pay Borrower any interest or eaming's on the Funds.Lender
<br /> aball give to Barrawer,withont chargG an anaual accounting o�'the Funds shawing c�ndifs and debits to the Funds and th�
<br /> purpose for which esch debft to the Funds was made.'The Fundsg�e pledged as addit�mial:r,ecurity for the sums secur�d by. �
<br /> this Sccurity Instiuraant� . � . :- ��. -. - .. -
<br /> If the amount of tTi.Funds he1�by Lender,togetlier v�+ith the future taontbfy��*�ents of Funds payabla prior t6. ; ;�;';,j•�;�, '.
<br /> the dete dates of the�items,shall ea�cad thc amount ra�uired to pay tli��o���ms when dn�the excess s�:�, ;.;. . - ''':.` `
<br /> . at Banower's option„d�er promgtty repaid to Borrawer or credited to Bosr�aei-v�r�th1Y PaYments of Fuads:'I�t�ie` ;:':�;� .;.'�"�:',:�::,::,,:- :.
<br /> amaunt of tha Funds�Yd by I,endef is not sufficient to pay the�scmw itaa����cf�:_Qs�rrower sI�aU pap to Lag��a�sy� � �' ,: �"",' �� �
<br /> � � • amouut nocessary to ar�up tbe deficieacy iri one or more paymenu as req�fii����r. �. - `� � . . �
<br /> Upon paymeat��ll of all sums secured by ttus Security Instromas;:T et�der's�all promptly refund to Baii�re�.:�� ���.,� '
<br /> any Funds heid by Ixnder.If under paragraph 19 the Property is sold or aqr,�-�:i�d try.Lendar,Lender shall apply;�iia�. ,.
<br /> ' than immediattly prior to the salt of the Praperty or its acguisition by Lender,any Funds he2d by Lmdes at th��o€� �:
<br /> a�plicatian a4 a cre�it against the sums secured by this Secarity Instruraen� - � ,
<br /> 3. A�pliation olPaymwts. Unless applicable law pmvides otherwise,all paymenis received by Ixnder under �
<br /> paragraphs 1 and Z sha1T 6e apptied:Srat,to late charges due andet the Not�5ecand,to prepayment chazges dua und�s the
<br /> Natt.third,to_amounts�ga61e uader paragaph 2;fourth,to intenst du��tast,to principal dae.
<br /> 4. Clurge�I.t�. Eorrower shaU pay all taxes,a5sessmcnts,char�as,l�aes aQd imposnions attributabd�ta tha ,
<br /> Property which may attaia giiority over this Security Instrument. and 1�sehQlc�p3yments or ground re�ts;,if4any: " � ,
<br /> Borrower shall pay these e�p�gatioTSS in the manner provided in paragraph 2,�r if not paid in that manner.Barraw�s str�11� � ,
<br /> pay them on time direc�w r�the person owed payment.Borrower shall prnr..�r��y furn"ssh to Lendgr all notices,of�amts�nts�:,, _ . . ;
<br /> to be paid under this g�cagraph.If Bonower makes these payments direcd.y�;:tionower shall pramptly fumish�ta Lei�u-.. �
<br /> receipts evidencing the gsayme�ts. ' . . ; :
<br /> Borrower sha11 promptly discharge any lien which has priority o��er this Security Instrument unless Ht,�rovrers(t�)� �
<br /> agroes in writing to ihe payment of the obligation sccured by the lien in a ma.►iner acceptable to Lender;(b)corslesu�ii�gvod� .
<br /> faith the lisn by,or defeads againss enforcement of the lien in.legal proceec��:�s which in the Lender's opinion operate to� �
<br /> prevent the enforcemenE of the lien ar forfeiture of any part of the Property:�r(c)secures from the holder of the lien an• -
<br /> agramen,s satisfactory to I.ender subordinating the lien to tfiis Sect►rity Instru�ent.If Lender determines that any part of , _
<br /> the Property is subject to a lien which may attain priority over this Security Instruanr�t,Lender may give Borrower a �� '`-
<br /> . notice identifying the tien.Borrower shall satisfy the lien or take ane or mare of the actians set forth above within 10 days �"""
<br /> of tl�e giving of notice. � ���
<br /> 5. H�zard Ins�trxnce. Borrower shall keep the improvements nQw:eaisting or hereafter erected on the Property . �
<br /> insured against toss by fcc+�;�azards included within the term"eatended cv��rage"and any other hazards for which Lender ,
<br /> requires insurance. Ttis insurance shall be maintained in the�rnoanu and far the periads that l.cnder requires. The
<br /> insurance carrier providing the insurance sha116e chosen by Borrawer subject to Lender's approval which sh�!T aot be '•�;
<br /> unreasonab3y withhelc� ! � �
<br /> All insurancr p�i��ies and senewals shall be acceptable ta Lendcr and shall include a standard martgage clause. ` � �
<br /> bender shall have the c�gra to hold the policies and renewais. If l.ender cec�uires.Borrower shall promptty give to Lcnder � �
<br /> . all reaipts of paid prerniums and renewal notices.In the event of'loss.Bonower shall give prampt natice to the insurance '
<br /> carrier and P�.ender.Lender may makeproof of toss iPnot made promptly by Bonower. •,'�`;;
<br /> , ' Untess i.ender a^.d Borrower otherwise agree in writing,insurance proceeds shall be applied to restoration or repsir �. �
<br /> of the Property damag�sf,if the restoration or repair is economicaltg fea�itrte and Lender's security is not lessened. lf the
<br /> � restoration or repair is r�;economically feasible or Lender's secu�ity waui�be lessened,the insurante ptaceeds shall be
<br /> applied to ttee su�ras sectered by this Security lnstrumenl,whett�er or not then dde, with any excess paid to Aarrower. lf '�
<br /> Borrower a�sa:�do�s the Property,or does nai answer within 34 days a notice from Lender that the insurance carrier has
<br />. ol�ered to s�e�ttr a cYaim.thtn Lender may callect the insurance praceeds.Lender may use the proceeds to repair or restore
<br /> � - �� -� �� thrPro rt or to �ums secured b this Securit lnstrument��wh�th�r�or n�nt-then�du�:Th�30�ta ���� �-�����-����� - -
<br /> P� Y Pay'� Y �+ Y P�od will begin .. . ---� -
<br /> when thc notice is gi4e�
<br /> Unless Lender�scd$orrawer otherwise agcee in writinp,,any application of'proceeds ta pr�ncipal shali not extend or
<br /> posipone thedue date of tht monthty payments refened to in paragraphs 1 and 2 or change the amoant of the payments. If
<br /> under puagtaph 19 the Property is acquirod by Lender,HanQ�er's right to any insuraace policiec and procecds resulting
<br />, from damag:to the Property prior to the acquisition shall pass to l,ender to the eatent of the sums r,ecured by this Security
<br /> Instrument imrnediatet;priortotheacyuisition.
<br /> � 6. �'reservatioe and Mdetee�nce of PrupeKy;Lease�olds. Borrower shall not destrvy.damage or snbstantially
<br /> � change tt�e T�roperty.allow the Property to deteriotate ur aacnmii wa�ste. li this 5ecurity tnstrurreent is an u lea5ehnld,
<br /> Borrowea.�11 comply with the provisions of tht(ease.asrd if Dorrnwet acquires fee title to the Property.the leasehold and ; - —
<br /> fee title shall not merge unless Lender agrees to the rtatrger in writing.
<br /> � 7. Protectioe ot Lendtr•s Rigbt9 ie t8�e Prt►�erty; Mortgsge insuruice. if 8�rmwer fails t�� perfarm the
<br /> eovrnants and agreements cantained in this Se�unty Mstrumenl.or there is a legal proceeding that rr�ay signifecantly a�'ect �
<br /> . Etndtr's tigltts in the P►t+pt�ty(ccrch as a prortt�ag in_baakruptcy,prnl�ate,fot condemz�atiaa ar tn enfarce la�a rr -'
<br /> regulations),then L.ender may doand pay for whatever is necessary to prutect tite value oi'the Yr«perty and Lender's rights
<br /> in the Ptopeny. Lendei s artions may inclede paying any sums secured by a lien whieh has pnont}� ���er th�ti 5crunty �f
<br /> 1 instrument.appearing in court.paying reawnabte attomeys fees and entering n��the!'mperty to make repain Ailhough �
<br /> i.,r. t,tttder may lalce actian under this paragraph'�.Lender daes not ha�e to da so.
<br />, Any am�unts disbursed by LendEr under this par�graph 7 sh�l!6ecnmc.�d�iiEinnal dcht t,f 1�E.r���wrr rcrurcd by th�� �
<br /> Security Instrument.Unless 13c�rrowet 3nd l.endet agree in�ther terms of payment.these amc.ui�ts shall hei+r�ntercrt fmm �t¢�
<br /> Ihe date of disbu��ment at the Nnie rate and shall Me payafile. w�th mtere�l, upon na1irce frnm I.rnder tt� Iiorn�Nrr �
<br /> reytsesting p�tmtent. _ f c
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