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<br /> i Ut�i�1t?K Ct3t'E7v�!�`TS. Honower and Lender covenatit and agTeeas folIows: �
<br /> i. Paya�ent oi Princi�al aud Interes�Prepsyemqt sn�Lah Cbsrges. Borrawer sfialj promptiy pay ahen due � �
<br /> � the principai of and inttrest on the debi evidenced bX the Note and any prepayment and late charg�due under the Not�. � , .
<br /> 2. Fneds for?ues utd Insurance. Sub�ect to appficable law or to a K ritter}waiver by Lender.Horrower shal!pap '
<br /> to Lender on the day monthl}payments are due under the NQie,until the Note is paid in fu}l.a sum(••Funds")equal to
<br /> r oceatweiRh oL• (a)yeariy taaes and assessments which may attain pciority over this Security Instrument; {b)yearl}�
<br /> � lasehold payments or ground rents on the Property, if�ny: (c) yearly hazard insurance_premiums; and (d)yearly
<br /> mortgage insurance prgmiums.if any.Thae it�ris aze calted"escrow items."Lender may esamate the Funds due on the
<br /> basisofca�rreatdasa and r�nabkssti�teso�'futureescraw items. _ -
<br /> The Funds shall be hetd in an instiwtion the depasits or accounts of wbich are inseared or guaranteed isy a federal or
<br /> state agency(iacluding Leader i€Lender is s�c+ch a�iasiitutioa).Lender_shat2.apgly the Fonds to pay the escrow items.
<br /> Lerider may not chaFge for hoIding and applying the Funds,analyzing the account or verifying the escmw items.unless
<br /> Lender pra}�s Borrower inte�est on the Fnnds and applicable taw permits Le�er to make such a c�aa�e. Boaawu and
<br /> . Lendu may agce ia a�-�,,�tbat interest shal!be.paid un the.Funds..LluLess an agreement is���.:a�Lr�k�e taw : . _
<br /> reqTUres interesi to be�r�;'�.ender shall nflt be recfuired tu g�-y*Bnsc�•:aa�w i�erest c�e�r�:,���:r��;��F„��:fi�der -
<br /> sba�giti�et�33anasFer.c�;��c�ch�.��a��ua�ac�ucptia�'�y^.�."�-�a��.��c�i����:�s;�.r�c���ba`s�ix�e�undsandthe .
<br /> �S�a�s��'o��hir�ca.�h�t z�,°�ts���ds�s a^..a��:c'�.�un�;are pledge�::�^�itao:,�.��E�cE�sums secured by
<br /> ; " .Y�L�1��ti�lfS'�rYF�. • ' _ .. . . . .
<br /> � � � If the a�o•�,zt o€t�e Funds heIdE Ery Lender,tagether with the fwfure monthly payments of Funds payable prior to
<br /> the d�e dates of the escraw items,shali eaceed she amount required to pay the escrow iterns when due,the eacess shall be,
<br /> at Borrawer's option,either pramptty repaid to BoFrower or c�edited to Borrower on maathiy payinents oF Funds.if the
<br /> amount af the Funds hetdby Lender is noi�uthcient to pay the escraw items uhen due,Bonower shall pay in L;enderany - - - -
<br /> amount rtecessary-to make up the de6ciency ii�one ar more pa}raents as required by I.ender. .
<br /> Upon payment in futt of all sums secured by this Security lnstrument. [,ender shail promptl�rePund to Borrawcr �
<br /> any�unds held by l.ender.tf under pacagraph l9 the Praperty is snid�r acquired by I.ender.l.ender shall apply.no lat�r '
<br /> than immediately�rior to the sale uf the Prc�perty or it4 ucyuiti�tio�i hy l.cndec,any�unds held isy�,ender ut the timc oP
<br /> . a�►plicution asacredit against the surm�ecured hy this5ecutrity lntitrumcnt.
<br /> : � 3. ApDlieatfon of Psymeat�... Untesc a�ipii�abte law pmyides cTthe.rw-ese.�t1 payments.re.eeived 6y 1.endet under
<br /> parugrnphs!und 2 shall he applied:first.tn late churges due under the Nc►te;secand.tu prcpaym�nt charges due under ehe
<br /> Nate;third.toamounts payab2e under parag�aph 2;fc►urth.to interest due;and last.to principal due. �
<br /> 4. Ch�rges;Lieas. Borrower shall pay all taxes.assetismente.charges.fines and impositions attributable to the •
<br /> Property which may attain ptiotity.aver this Secutity [nsiru:nent, and teasehold payments ar ground �ents. if any. �
<br /> Borrower shall pay these nbligations in the manner provided in paragraph 2,or if not paid in that manner,Borrower shall " '
<br /> pay them on time directly to the person owed payrrient.B�nower shall pramptly furnish to Lertder all notices of amounu �
<br /> to be paid undet this paragraph.If Bonawer makes these payments directly.Bomower shall pramptly furnish to Lender
<br /> receipts evidencing the payments. � � -
<br /> Botroarer shall prompify discharge any tien which has priority overthis Security Insirument unless Bonawer:(a) -..
<br /> agreas ia writing to the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in gaod �
<br /> Paith the lien by.or defend4 against enforcement of the lien in,legal proceedings which in the Lender's opinion operate to �
<br /> prevent the enforce�nent of the lien or forfeiture of any part of the Property;or(c)secur�s from the hotder of the tien an a �
<br /> ....s.
<br /> agreetneni satisfactory to I,ender subardinating the lien to this Security Instrainent.If Lerider deter�is��thaE any part of .":.�_.�.
<br />� t�c Property is subject to a IYen which may attain priority aver this Security Instcum�nt, Lerid:�znay give Borrower a , ;��;�.�
<br /> n��ice eden��';iag the lien.Bonoeler sha4E sat'ss�l th�lien ar take one or more aF tre actrans sct forth abuve within!Q days = ��;
<br /> uftAe giving af notice. _
<br /> 5. Hazud Insursnce. Bqno�es s?:all keep the improvements now existing or h:�eafter erected on the�`roperty � �
<br /> ir.sured against lass by fire,hazards incs;zd°d atiihi�the term"extended coverage"and any ather hazards for wNicb Lender }
<br /> requires insnrance.This insurance sha31 be tr,aintained in the amounts and for the pereods that lxnder requires. The
<br /> insurance carrier praviding the insurar.ce st:�ll be chosen by Borr�wer subject to I.ender's ap�rar-al which shall not be i ,.
<br /> unreasonably withheld. , s:
<br /> AU insurance policies and renearals shaU be acceptabte to Lender and shall incln�e a standard mortgag�ctause. t =o.�=
<br /> � Lender shaU have the right to hold the p�licies and renewals.lP Lender requires,Horrower shall pror.�ptly give to Lender `•a:
<br /> all receipts of paid premiums artd renewal nptices.In the event of lass,Borrower sh�ll give prompt r.�tice ta the irsurascce , . �
<br /> rarrier and l.ender.Lendet may make prcx�f of toss ii'not made pramptly by Barrower. ;� �
<br /> Ur.�ess 3,:nder and Barrower otherwise agree in writin�,insuranee proceeds shalt be applied tu restoratia:��a.repair .
<br /> of the Ptoperty damaged,if the restotation or repair is eeono�i�a{ty fc�sibte and Lender's seeurity ss nnt lessetteci.If the
<br /> restoration or tepair is nat economically feasible or I.ender's security would be lessened, the insurance proceeds shall be '
<br /> applied to thp sums secured by this 5ecurity ]nstrument.whether or noi thcn due, with any ex�ess paid to Borrower. If
<br /> Borrower ab�ndons the Property.or dces not answer within 30 days a n�tice from Lender that thc insurattce carrier ha!►
<br />: offered to settle a claim,then Lender may coltect the insurance proceeds. I.ender may use the proceeds to repair or restore
<br /> the Propeny�r to pay sums secured by this Security Instrument,whether nr nat ihen due.The 30-day pericxf wiU begin
<br /> . .--�----;�----when�henoticeisgivea.--�------ ..._-----------.. ..__.._._._._ .... .._.. _......----�- --..__._ _....------------- -��--- ---...--�---... -�-------.... _..__..---�--------------�----� -
<br /> Un1es�l.ender and�otmwer otherwise agree in writing,any�pplic�tion i�f pr�xeeds to principal shall not extend or •
<br /> postpone the due date of the monlhly payments ret'erred to in paragraphs 1 and 2�r change the amount af'the payments. li' �
<br /> under paragtaph 19 the Property is aCyuired by Lender.Bnrrnwer's right to any insurance policies and praceeds resulting
<br /> from damage to ihe f'roperty prior to the acyuisition shaU pass to Lender to Ihe extent uf ti�e sums secured by this Securiiy
<br /> Instrument immediately prior to�he acyuisition. ,
<br /> � 6. Praervatioe and Matntenancc ot Property;Lea�eholds. Horrawer vhall not destrny.damage or substantially
<br /> chnnge the Property, allow the Prc>periy t�deteriorate ar commit waste.lf ihis 5rcurity Insirument is un a leasehuid.
<br /> &►rrvwer sAaii comply with the provisian5 of the lease,and if Borrower aryuires fee title to the Property.the ieasrhold and %___� -
<br /> fee titte shall not rnerge unless Lender agrees to the merger in writing. •
<br />, � 7. P�oteMion of i.Rnder's Righis in the L'roperty; Mortqage fnsurartce. 9f Borrowe� fai'.s to pe�E�-rm Ihc
<br /> a�venantsandagreementscontainedin thisSecurity tnstrument,rnthcre tsa Icgal proceedingtha�may s�gniFcar::tyaf�ect �
<br /> � �.ertder's tights in the Prcti�erly dsuch as a proceeding in basskTUptcy, prhbxfe, for cc>ndemnat�r�»t+: tr�er.','os�e Eaus c�r
<br /> . regulationsy.¢hen Leader may duan�pay far whatcver is nece5.4ery u��sr<;t c�ct 2tse�aieee of tl:a N:c��ert�a;:.i.c n�tcr's r,g,.h*s
<br /> • rn ttit!�'zo�er€y:txnder's acliims��a� "snelude�raying any�u�:s secure� �'�y �r lien whic:� has;.r.;�r�t� ��:rr thxs ae;.urcty � � �
<br /> . �^.sttu^ten.,reype:iring in a�urt,p�ying�e�ase•nah�r attbtneys'fCes au�i enic±`ir._an she Prnperty t�i�_ske rr��u�. �1 tl6nttgh ti �
<br /> L Q.ender may lake ac�iijn undcr this paragraph 7,Lendcr does nut have t��dn sa �v
<br /> Any�muunl!:disbursed by I,ender undet this�+aragraph 7�hall become add�tifinal�teM��f ti��rra���er tie�urcd by thi� ' .�
<br /> Secunty instrument tiinles�Bnrrnwer and Lcnder a�ret t��othc•r terms�+f payrnent.thesr anmunt�tihall hcar intere+t fr�m
<br /> the datc of dubursernent at thc N��te rate and shall tie p;iy.�hle, with sr�rcrcwt, ur�m n«nce frc�m l.r�►drr 1�• He+rtuu•er ��
<br />• reyue�ting p:syment
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