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<br /> � UNII�(1RI�1 CU�'ENAN!S Horrowcr and Lcuder cu�cnant�i�ci aFrce ac fnllo��ti: `����o����
<br /> 1. N�yn+ens at Principat and interest;Prepsyment and I.Ate t;hW�cs. Aurruu�rr ,h��11 pru��iE�ll}• pay ��hen aiue �
<br /> �he principal�f and mtcrcst on thc dcbt evidcncCd by thr Nate and:►ny prepvytnent an�liuc rhar�e+due under t hr Nutr '
<br /> 2. Funds tor T�xee�nd Insuraece. Subject to nppliciible Ina•or to a���rilten waiver b��Lender.l3orr��w�er sh��ll pay
<br /> � � to I.endGr on the day monthly payments nre due under the Note,un�il�he Note i��naid in full,a sum ("Funds")equal tu
<br /> oue•twelRh oP: (a� vea�lv taxcs and usscssmcnts w•hich may attain pri�rity a�•er this Security Instrumcnt; (b) ��c�rl?
<br /> Ittxhpld �a}ments ar ground rents on the Property, iP uny; (c) }•early hnzurd inrurunce premiams; and (d) >�ear1}
<br /> � nnortga�e iasu�anco prcmiums,if any.These itetns arc catted"escraa•items." Lender mac estimatc the Funds due on the
<br /> basis af currcnt d�ta and rexsanable estimates of future escrow items.
<br /> The Fu��dy shall be held io an institt�tion the degasits or accaunts of�tihich are insured or guaranteed by�a federa!ar
<br /> � state agency(including i.ender if Lender is such an institution). l.ender shall apply the Funds to pay the escrow items.
<br /> Lender may nat charge for holding and applying the Funds.analyzing the accaunt or�•erifying the escraw items.unless
<br /> Ltndar pays Bor�ower interest on the Funds and applicable law permits I.ender to make such u charge. Bonower and
<br /> � l.tnder msy agree in writing that interest shal)be paid an the Funds. Unless an agreement is mude or applicable law
<br /> � , re+quirts interest ta be paid, Lender shall not be required to pay BorroN�er any interest or earnings on the Func�s. L�r,�.�a
<br /> shal)give ta Horrower,without charge,an annual accounting of the Funds showing credits and debits to ihe Func�s����5 4':e
<br /> . purpc�se i'or which each debit to the Funds was made.The Funds are pledged a.s additional security far the su�ae�.s�cured by
<br /> � this Security Instrument.
<br /> ' If the amount oP the Funds hetd by Lender,together with the future manthly payments of Fundc payable prior ta
<br /> the due dates of thc escrow items,shall exceed the amount required to pay the escrow items when due,the eacess shall be,
<br /> at Horrower's aption,cither promptly repaid to$orrower or credited to Horrower on manthly payments af Funds.if the
<br /> amount of the Funds held by i.ender is not suif'icient to pay the escrow items when due,Borrowee shall pay to l.ender any
<br /> ; amount necessary to make up the deflGiency in ane ar more payme�ts as required by Lender.
<br /> � Upon payment in full oi'all sums secured by this Security Instrt�ment. Lender shall pramptly refand to Borrower
<br /> � any Funds held by Lender.lf under paragraph 19 the Property is sold�r acqui�ed by Lender.Lender shall apply.no later
<br /> than immediately prior to the sale of the Property or its acquisition by Lender.any Funds held by Lender at ihe time oP
<br /> : applicatio�as a ctedit against the sums secured by this Securit�Instrument.
<br /> , 3. Applia�tian ot Paytnents. Unless applicable law p*avides atherwise,all payments received by l.ender under
<br /> paragraphs 1 and 2 shall be appiied:first,ta late charges due under the�ate;second,ta prepayme�t charges due under the
<br /> Note;third,to amounts payable under paragraph 2;fou»h,to interess due:and last,to principai due.
<br /> 4. C1�arges;Liens. Borrawcr shall pay all taxes,assessments.charges,fines and impositions attributable to the
<br /> Property which may attain priority.over this Security lnstrument, and leasehold payments or graund rents. iP any.
<br /> Borrower shall pay these obligations in the manner provided in paragraph 2,or if not paid in that manner,Borrower shall
<br /> pay them on time directly t�the person ow•��ayment. Borrower shall promptly furnish tc�Ler��3er all notices oPnmounts
<br /> � to be paid under this paragraph.If Bonower rnakes th�e payments directly�, Harrowec shali p:omptfy furnish ta Lender :.
<br /> receipts evideneing the payments. �
<br /> Bonower chall promntly discharge any Gen which hac orioritv over this Security Instrument unless Borrower:(a) ; _
<br /> agrees in wdting to the payment of'the obligation secured by the lien in a manner acceptable to Lender;(b)contests�n good : ' _
<br /> _ fw:,1�th.ji.e�1����r�•f�n��a�±n�f�nf�r�PmPnt�f rhp lipn in;lP�al nrcx�exdinIIC which in the L�►der'c o pininn onerate tQ '
<br /> � prevent the enforcement of the lien ar forfeiture of any part of the Property;ur(c)se.;ures fron�the holder of the tien as� -
<br /> agreement satisfactory to Lendeesubordinating the lien to this Security Instrument. If Lender determines that any part of ' _
<br /> the Pro�erty is subject to a liece�hich may attain priority c�ver this Security Instrument. Ixnder rnay give Borrower a -�
<br /> notice identifying the lien.Borrawer shall satisfy the lien or take one or more of the actions set fdnh above within 10 days '� -
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<br /> of the giving of no�icr. �
<br /> S. Hazard�esurance. Borrower shall keep the improvements now existing or hereafter erected on the Propeny
<br /> � insured againsc loss by fire,hazards included within the term"eAtended coverage"and any other Itazards for which Lender
<br /> requires insurance. This insurance shall be maintained in ihe amount� and for the peric�ds that Lender requires. The �
<br /> • insurance carrier prariding the insurance shall be chosen by Bonower subject to Lender's approval which shall not be �
<br /> unreasonably withheld. . ��
<br /> All insurance policies and renewals shall be acceptable to Lender and shall endude a standard mortgage cla�se � "'
<br /> Lender shall have the right to hold the policies and renewals. If Lender requires,Borrower shall pramptly give to Lender �r
<br /> � a11 receipts of paid premiums aac�renewal notices. In the event of loss,Borroa•cr shall give prompt notice to the irzs�rance ,.�
<br /> carrier and L.ender.Lendec rn3��c�sake proof of lass if nat made prumptly by�orroa er.
<br /> Unless Lender and Borruwer otherw:�c+::agree in writing,insurance proceeds shall t+e apFlted to restoration or repair • �
<br /> of the Properiy dacr�aged, if the restoratiorr.uc repair is eeonomically feasible and Lender'c serurity is not lessened.If the
<br /> restoration or re�±air is not ecar_emically feasible or Lender's security w�ould be les.�ened,the insurance proceeds shall be
<br /> applied to the sums secured by this Securi�y Instrument,whether�r not then due. with any e�cess paid to Borrower. If
<br /> Borrower abattdons the Property,or dces not answer within 30 days a not►ce from Lender that the insurance carrier has
<br /> • otfered to settle a elaim,then Ixnder may collect the insurance prcxeeds. Lender may use the proceeds to repair or restore
<br /> the Property or ta pay sums secured by this Secunty Instrumcnt,w•hether or not then due. The 30-day penc►d will begm
<br /> when the notice is given.
<br /> Unless i.er.der and Borrower otherv�ise agree in w•nting,an�•application of pr<�ceeds to principal shaU not extend or
<br /> nn.st�nne the due date of the monthly payments rcferred ta�n paragra}�h� 1 aud:or change the amount of she pay�mcnTS. If
<br /> und�r paragraph 19 the Property is acqudred by Lender,f3nrro���er'� nght to an}��t�suranre po:ineti and proceeds re�ulting
<br /> f'rom damage to the Propeny pnor to the acquisition shall pa�s to Lender to the extent nf the wms secured by this Secunty
<br /> Instrument immediately prior to the acquisit�on.
<br /> � 6. Preservation s�nd 1�lainten�nce of Properiy:Le�seholds. Borrou�er�hal1 not destn,y,damage��r substantially
<br /> change the Property, allow the Pmperty to deteriorate or commit waste. lf this Se.ur�t?• lnstrument i� on a leaseh�ld.
<br /> �. Borrower shall comply with the prrn•isions of the lea�e.and if Borrower acyu�res fee title to the Propert},the lea�eh�ld and �_ ___
<br /> � fee title shal)not merge unless Lender agrees to the merger in��riang.
<br /> 7. Protection of Lender's Rights in the Property; �1ortRage Insuranee. iF Borni��et fa�ls to perform thc
<br /> covenants and agteements mnta�ned in this Secunt}• imtrusnent.��r there i.a Iegal�na:red�ng�hat ma. tiignificdntl} afi'ect
<br /> � Lender's nght� m the Propc:rt�• (�uch as a �+roceed�ng in bdnkrupte>•. prubate. for cc�ndrmnat�nn or to enforce laa� �r _..._�
<br /> regulattons),then Lender may do and pay fnr ahatc�er is necessar}to protcrt the�::�ue uf the Pr<��ert� �n�I cndcr'ti nghi�
<br /> � in the Propetty. Lender's artians ma�• inelude pay�ng any �ums ce�urccl h} � l�en «hich ha� �n�mlc utier tht� Secunty «Z
<br /> Instrument,appean�g in court.pa}�ng reatinnable ait�rne�s' feec 7nd entcnn�e em thr Prr•rrrt} t��m.►i.e rrra�n .Althuu�h �
<br /> � Lender ma}tai:e actian under th����ra�ta�h 7.Lender dnes not ha�e t�n d�so
<br /> Any amount�di�t�ur�cd by l..ciidcr undcr ih��t�ara(rra�+h��hsll hcc��mr.�ddit�:m.,l�ieht��t Rnrn�ucr�c�ure�f h� thi� `;
<br /> , a , � . �e. '.•::•:h:'::..;; ..�'.. � t,.•..•.�n,:,��nr�.half hr.�r intt•ra•�t fr�,nt �f�
<br /> ucttiPiQy jiii�iui�ie`iii L.�il'Ci� 1�C•�firiicf�Tiu a C�lu.. 1f,I.^: , ti.� ��.:ti:'.:.':1.. I.., . �
<br /> the date �f di�N.inenient at the tiute r.rtr .�nd �h.ill he F�ay:�hlc. �tii1h �aitrrr�t. u����n n�•r:,,• f���m ! ender t�� Ki�rn��.cr
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