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<br /> UN�t�t�NM Cuvr-_t�ntvts [iorrower nnd Lc�iderc���ennn�ansl ug�ce i►s Fultuw�c: �+0�0�+O��
<br /> 1. P�yMe�t ot P�tneiMl�O l�tesat;Prerymeat and l.ate Ch�rges. �orraw�cr shall p��mptly pay when due
<br /> the princi�t of and inter�st crn the debt evidznc�d b�the I�:pte and gny pre�+Ayment and tatc chnrgcs due under the N�te.
<br /> �. Fw�forT�Aer�el lawr�wee. Subject ta�ppHcable law or to u written waivet hy Le�der,Borro��er shall pay
<br /> tt►l.ender on thc day monthly payments are dua undcr the Note,�mtil the Note is�paid in fldl. a sum(•'Funds")equai to
<br /> � one•twelflh of: (s) yearly taxes tnd assessments which may atlain priorily over �his Securily Instrumen�; (b) yearly
<br /> (auelx�k) payment�or S�ound renta on the Property, iP any; (c) yearly heza�d insurance premiums; and (d) ycarly
<br /> matt6a�e insura�cr premlums. i!'an}.These items ancaellesi••escro�►items." i.ender may alimate the�undsdue on the
<br /> Q�ia af current data arK!re�..sonaWe estimates oF future cscroK items.
<br /> The Funds�l�al1 be held in an institation the dtposits or accounts ai'which ore insured or gu�rantctd Ay a fcderal or
<br /> u�te��ency(includins I.ender if Lrnder is such sn inuilutian).I.ender shaU Apply the Funds to pay the escraw itemc.
<br /> t�nder msy not char�e for hotdin��nd�pptyin6 the Funds.an�tyzing the account ar verifyina Ihe escrow items,unless
<br /> I.�der Pays Horrower interest on the Funds and applicable 1��permits Lender to maice such a charge. Borrawer and
<br /> Lender may �erec in writine that interat �hall be pdd on the Funds. Unl�ss an aareement is made or applicable taw
<br /> roquira intaest to be paid, Lender ahall nat be required ta pay Borrowe�any interest or c�mines on the Funds. 1 ender
<br /> sh�Q�ive to Boc�ower�wilhout cfwr�t,�n annu�l�ccountina oithe Fundc showins czedita and debits to the Funds�nd the
<br /> purpae for which each deDit to the Furtds wu m�de.The Funds�re pkdaed as additin�al security for the suma sec�ared by •
<br /> tl±is Security Inatrumrnt.
<br /> Itthe amounl of tiie Funds held by Lender.to�ether wiah tht future monthly psyments of Funds payable prior ta
<br /> ' the due data oi the escroM iterns.ahall exceed the amount rcquired ta p�y the escrow item�when dae,�he excess shall be,
<br /> �t Botto�ver'a option,riiher p�omptly�ep�id to 8arrower or cr:dited to Bor�awe�on mc�thly �+ayments of Fi�nds. If�he
<br /> amount of the Fuods hdd by Lender is not suf6cienet to pwy the escraw items when due.[iorrov�et SR►a11 pay to I.Gnder any
<br /> . �mount nece�.xry to make upthe deticienc,y in on�rr more p�yments a.�reqnired by Lender, .
<br /> Upan pyment in Nll of aU sums secured by this Security Instrument, Lender sf.e,a�F pramptly refund to 8arrower
<br /> �ny Funds hcid Dy Lcntier.lf unda�rarsanph 19 the Praperty is sald or acquired by le�der,Lender shall appl�r,no later
<br /> Ihan immodiattly�ic+,r ta the sakc�f'�he P�apeny�r i�a acquisitian by Lender.any Fund.�hefd by l.e�der al�he time of
<br /> �ppUcatlon as a crcdit s�sinst the sums secured by this Security Instrument.
<br /> 3. Ap'lieatio�af Pay�q. Unles.a applir_able law p*ovides otherwise,all payment� aceived by Lencicr untfer
<br /> ptt��aphs 1�nd 2 shali be applied:6rct,to late charga due under�he Note;u�rond.to prepayment charges due u:►der the
<br /> Note;third,ta�mounts Myabk uadtr pamgraph�;faunh.to intaes�due;and las�,to principal due.
<br /> 4. C�at�t.iem, Bvnower shal)pay all laaes.assessme�ts.ch�rges,finc.a and im�x•sitians attributabie to the
<br /> Property which may att�in psiorily over this Securiiy Instrument, and leasehold paymcntc or ground renis. if any.
<br /> Bo�rower ahal)pay these obli6ations�n the manner pravided in�ragraph 2,or if nnt paid in that manner,Barrower shall
<br /> pny them on time dircrtly to the persan owed payment.Borrower shall promptly furaioh to Lrnder all notices of amou�tc '
<br /> to be paid under Ihis par�6�aph. If Snr�ower makes �hes�e psgments dircctly, Horrowes ah�ll prnmptly furnish eo Lender �
<br /> receipts evidencing the payments.
<br /> 8or�ower shall promptly discharge any lien which has priority avcr Ihic Security Instroment unles.c Borrower:(a)
<br /> .asrees in writina to the p�ymrnt of the c+�+!l�stson s„x::=cd�y it�c!irn i�s a manr,rs acrrrsia�:r tu L.�ss�:r,(b3 ransesu in gcxx! --
<br /> , f�ith the lirn by,ar defends saain�t e�forcement af the lien in, legal prc�ceedings which in the I.ender c opinion operate ta � -
<br /> provent the enforcemeat of tAe lien.ar farfbiture of any part of the Prnperty;or(c)ucures frarn the holder nf the lien an . °
<br /> aRrsemmt satLtfictnrv ta I.endu suhnrdit�tina the lim tn this Securitv Instrument_ If Irnder dete�mina that an�nan nf
<br /> the Ptoperty is subject to� tien which m�y attain priority aver this Security In�trume�t,Le��dzr n►ay gi�e &�rrow�r a _-
<br /> notice idrntifyioa the lien.Borrower shall satisfy�he lien or lake one ur morc�f the ac�ions set f�r�h ab��ve within 10 day� - -
<br /> of the�ivina of notice. , -
<br /> .�,,
<br /> S. Hasard lewn�ce. Borrow•er shall keep the impro.�emrntc now eaicting or hereaRcr erccted on thc Propeny ---
<br /> insured a�ainst losa by ftre,hszsrds included within the lerm"extended coverage'and any olt�er hazards for whieh l.ender
<br /> �equircs insaranee. This insu�anre shall be m�intaincd in the amounts and i'or tht �xriads th�t Lender reyr�esrc. The
<br /> insurance earritr prrnidina thr insurartce s�al)Ae chosen by Born�we�sub}ecl tn Lender�ap�.rnval which shall no� be
<br /> unreason�bly withheld.
<br /> Al) insunnce�+oiicies and rcnewal4 shall be acceptable to Lender and shall include a standard mangage clause. R
<br /> Lrnder sitall have the riaht to hold the policies and renewals.If Lender requirc�,Borrower shall prompily give tn Lender
<br /> a11 reeeipcs of p�id�+remiums�nd tenewal notices.In the event of lass,Bo�rower shaft�ve prampt no�ice to the icr.sUrance
<br /> curier and Lender.Leader m�y m�ke proc�f of loss if no�made promptly by Horrowrr.
<br /> Unless l.ender and Borrower rnherwise agtee in writ�ng,insurance pr�+cceds shall be applied to reataration�r repair '�`�
<br /> af ihe.P�operty dam�ged.iP the restaration ar repair i�economically feasible and Lender's securit�is not tessened. lf the �
<br /> ratoratiu�or repair is�ot economies+lly feasible or I.ender e security uould he lessened. the�nsurance proceeds shall be
<br /> applied to the sums secured by ihis Secunty lnstrument, whetfner or nnt then due, with any excas paid to Bareower. If
<br /> Borr�wet�bandons the Pra�+eny.or does not anxw�er xithin 30 days a no�ice from Lender that the in�urance carricr has
<br /> oRared to settle a claim,then Lender may eollect the insurance prnceeda. I.ende�may u�e the pr�ceedc t��repair ar restnre
<br /> the Property o�fo pa}sums secured by this Secnrity Instrument,whethec or no�Ihen due.The 30-day peru�d will txgin
<br /> when the notice is given.
<br /> Urtless Lender a�nd Bc�rrR�•er oth�rwise ag�ee�n writing,an;applicuuon of pr�acecds to princi�l shall nat e�tend or
<br /> . postpone the due date of the mcx:thty pay ments referred to in paragraphc 1 and 2 or change�he amount of the pa��ems. {f
<br /> unde�parn�nph 191ht Propen� is acquired by E,ender,(3armwePs nght to any mw�ance�Gries aa�d procerds resuUinR
<br /> �'rom dartaae to the Pro�,eny p�io�.tcv the acq�ss�s!ion shdl�ass to Lender to thr eatrnt�f ehe sums sc�vrrd D� cEt�s Secanty
<br /> Instsuas�t irarned'seteiy�+riar t�ts"eeneqvisition.
<br /> 6. i'restrr�ttbs a�1:Nai�ttunct ot Property;l.esseMo�, Horrow•er chal l c;�t destro�,damage�r subctantially
<br /> ch�nge Ihe Ptoperty,altow the Property ro deletioratc or commft waslr. I(thi�5a-urity Inctrument is on a leasehold.
<br /> Borrowershall comply with the ptovisions of the teau.and if Bormwer ac:4u�res fce utle to the ProE+erty,�he leasehold and
<br /> fa litle shall not metge unless Le�der ag�ees to the merger in w rit�ng _____ ___
<br /> 7. Pratectioe o! Lender's Right� in the Property; �fortgaRe Insnnrce. 1i Norrnwar failc tn perf�rm �he , T
<br /> eovenantsand agreementscontained in this Secunt�� lns�rurnent,i�r there�c a le�al prr+ceedmg tha�ma�sigmfirantly at�ect
<br /> r.ender's rights in tfie ProFerty (such ac a pruce�ecling in hankruptry, pmhate. G�r condemnalrnn nr �c�enf�rce lawc nr
<br /> regufations),then Lender may d�and pay for whsttti er i9 necccSar�Io protect the�alue of thc Pro�crl}•and.l,ender's r�ghts
<br /> in the Property. Lender's actions m�y include pay�ng an�- sums securcd by a l�en whtch hac prinnty o�er Ihis Secunty
<br /> ]nstrument.apFxanng in courl, paying reason:�ble attorney�fees and entenng�n the ProE►erty to mai�e repam Although �t
<br /> � a.endet may take action under this paragraph�,l.endes does nc�t hatie io dn so
<br /> Any amounts disbursed hy Lender under thic paregraph�shall t�ecame addit�nnal debt i,f Horr��wer aecured b} th�s
<br /> Secunly(nstr�ment Unlesa E3nrr��w�er and l.et►der agreelc.c�IheE term��.i�+ayment.�hece�mi�unts�hall hrar�ntere�� fmm ,t
<br /> the date or dirbursement nt �he Notr ratc and ahall hc �•ayat+te. w eth u�terc�t. u��n rint�re fr��m I ender tn Hnrr��wcr �'"
<br /> reyucs�ing p;eycroent ��
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