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<br /> � UN�FORet Co�'t:Kn;�;-i� Barruw�ec and t.ender ro��enant a�cf aRrcc as fc�11���c 9O'�'��V�IG p V
<br /> 1. !'syment al Rrtnrip�t!�nd lnttrt�h, Prcp�ymcat and Latc Chargcs. Barruw�er shal)pranpll}� pay whcn dur
<br /> the pri�icipal rf nn:!interest on 1he debt cvidcnced by the Natr and any prcpayment and lute�hnrgec due undrr t hc Note
<br /> 2. Fued�tor T�zes and Iesuronce. Subject to npplicable Ic►«•or to a�ti•ritte�ti wai�•er by l.endrr, Horr��w�er shall pay
<br /> � to I.ender�n thc day manthly paymonts are duc under the Note, until th�Note is paid in full. a�unt ("Funds"1 cqunl t��
<br /> one•twclAh of: (a) yrarly taaes and as�rssmcnts which may utlain pri�rity over this Seruriq� Inyerumcnt; (b) yet�rly
<br /> lcasehalc3 paytncnts or gronnd rent4 an the Prapertp. It any; (c) yrarly hazarcl insuranre g�rrmiurns; and (d) yeariy
<br /> mortg�ge insurance premiums,if any.Thesc iten�s Are called'•escraw items."Lender may estirnate the�unds due an the
<br /> Dasis afcurrent data and reasonable estimatcs af future esCmw itcros.
<br /> The�unds sha11 be held in an institution the deposits or accounts oP which ure insured or guaranteed by a federal or
<br /> st�►te ngency(including Lender if Lender is such an institution). l.ender shall apply the Funds to pav the escrow items.
<br /> Lender may not charge for holding and applying the Funds.analyzing the accaunt or verifying the escrow items, unless
<br /> Lendcr pays Borrower interat on the Funds and applicable !aw permits Lender to make such a charge. Borrower and
<br /> Lender mAy agra in writing that interest shall be paid on the Funds. Unless an agreemen! is made or applicable law
<br /> . rsquires interest to be piid, Lender shaU not be required to pay Borrower any interest or eamings on the Funds. Lender
<br /> sh�tll give to Borrow-r,without charge,an annual accounting oi'the Funds shawing credits and debits tc•the Funds and the
<br /> purpose for which each debit to the Funds v`as made.The Funds are pledged as additional security for the sums secured by
<br /> this Security Instrument.
<br /> If the amount af the Funds held by Lender. together with the future manthly payments of�unds payable prior ta
<br /> the due datts of the esrrow items.shall excced the amount required ta pay the escrow items when due,the excess shAll be,
<br /> at Borrawer's oplion,either promptly repaid ta Bonower or credited ta Bonower on monthly payments of Funds. If the
<br /> amount of the Funds held by Lender is not sufl9cient to pay the escrow items when due, Borrower shall pay to Lender any
<br /> amount necessary to make up the deficiency in one or more payments as required by I.ender.
<br /> Upon payment in full of a11 sums secured by chis Srcurity Instrument.Lender shalt promptly refu�d to Borrawer
<br /> any Funds held by L,ender,lf under paragraph 19 the Property is sold or acyuired by I.ender.Lender shall apply,no later
<br /> than'tmmediately prior to the sale of the Property or its acquisition by Lender,any Funds held by Lender at the time of
<br /> application as a credit against the sums secured by this Security Instrument.
<br /> 3. Appliqttoe oi Paymeeb. Unles.c applicable law p*ovides otherwise,all payments received by I,ender unde'r
<br /> paragraphs 1 and 2 sha{�be applied:first,to late charges due under the Note;second.to prepayment charges due under the
<br /> Note;third,to amounas�ayable under paragrap[�?; faurth,to interest du�;and last,to principal due.
<br /> 4• C6ar8�s;Liena. Borrower shall Era�;all taxes.assessmenss,�harges, fines and impositions attributable to the
<br /> Property which may aetain prioret}.over ihis'Security Instrume�t, and leasehold payments or ground rents, if any. �
<br /> . . Borrower shall pay these ohligatiQrs��the manner provided in paragraph 2,or if not paid in that manner,$orrower shall
<br />; pay them on time directjy to the pecsun owed payment.Borrower shaU promptly furnish to Lender all notices af amounts
<br /> to be paid under this paragraph.lf Borrower makes these payments directly. Aorrower shall promptly furnish to[,ender
<br /> receipts evidencing the payments. ,
<br /> HOrrOwer shal!prompily discharge any li�n which hA9 priori,,oy�r shis S;cLrity Irsstrr��:;.nt unt:.ss�v,�uwer:{a} ' --
<br /> agr�es in wr�ting to the payment oP the obligation secured by the lien in a manner accentahlP t�t�n���•��,�r;�;�;n�� � v
<br /> - �'si::i��iic"it`uj�,vr deicnds against enforcement of the lien i�t,legal procecdings which ir� the Lender's opinion operate to
<br /> prevent the enforceme�et oP the lien or forfeiture of any pan of the Property;ar(c)secures from the holder of the lien an
<br /> agrament satisfactory to Lender svbordinating tEze lien to this Securit}Iastrument. If Lender determine:s that any part of
<br /> the Property is subject to a lien which may attai� priority over this Sec�rity lnstrument, Lender may give Bonower a '
<br /> notice identifying the lien.Borrower shall satisfy the lien or take one vr more of the actions set forth above within 10 days
<br /> . vf the givieg nf notice. � —
<br /> 5. Hazard Insurance, Borrower shall keep the improvements maw existing or hereafter erected on the Property �
<br /> insurod against lossb�fire,h�zards included within the term'•eatended ce�•erage"and any other hazards far which Lender �
<br /> requires insurance. '�'hns insurance shall b� maintained in the amounts and for the periods that Lender reqvires. The i
<br /> insurance carrier pra�iding the insurance shall be chosen by Borrower subject to Lender's appraval which sfi�11 not be
<br /> unreasonably withhetd. ` y
<br /> , All insurance policies and renewals shall be acceptable to Lencler and shall include a stacidard mortgage clause.
<br /> I.ender shall have the cig}�t to hold the palicies�nd renewals. lf Lender requires,Borrower shall psemptly give to Lender �
<br /> , all receipts of paid premiums and renewal notices.In the event of'loss.Borrower shall give prompt e�otice to the insurance �
<br /> camer and Lender.Lender may mai,;e proof of ioss if not made promptly by Borrower.
<br /> Unless I.ender and Borrower otherwise agree in writing,insurance prc�ceeds shall be applied to restoration or repair
<br /> of the Prop�rty damaged. if the restoration or repair is economieally feasible and Lender's security is not lessened. If the
<br /> restoration or repair is:sot eranomically feasible or Lender's security woutd be lessened, the insurance proceeds shall be
<br /> applied to the sums stcured by this Security Instrument, whether or not then due,with any excess paid to Borrower. If
<br /> Borrower abandons the Propeny.or does nnt answer within 30 days a notice from Lender that the insurance carrier has
<br /> o8bred to settle a elaim,then Lender may collect the insurance proceeds. Lender may ase the proceeds to repair or restore
<br /> the Property or to pay sums secured by this Security instrument, whether or nol then due.The 30-day period will beg�n
<br /> when the notice ix given.
<br /> Unless Lender and Aorrower�therwis�a�ree in wnting,ai�y app)ication af pr�:erc)s to rnnci�+al shal!noi extend or
<br /> postponr theducdate of ihr�nonthly paymentc referrcd to in paragtaphs 1 and 2 or change the amount of the payments. If
<br /> under paragraph 19 the Property is aequired by Lender,Borrower's right to any insurance polic�es and proceeds resulting
<br /> from damage to the Property prnor to the acquesition shall pass to Lender to ehe extent of the sums secured by thi.Secunty
<br /> lnstrument immediately prior to the acquisition.
<br /> 6. PreservAtion and 11laintenante of Psoperty;Leaseholds. Borrower�hall not deitrc>y�,damage or tiub�tantially
<br /> change the �ropeny,allow the Froperty to deteriorate or cummit waste. lf thi�Serurity ln�trument iy r�n a leasehold. " T�
<br /> Borrower shall comply with the provisions of the lease.and if Borrower acquire�c fee ri��e to the P*ope:ty,the Iras;.ho;d and
<br /> fee titie shall not merge unless Lender agrees tv the merger in writing. �
<br /> 7. ProtecNon of I,rnder's Ri�6ts in the Property; Siortgage Lrtsurance. lf Borr�wer fa�ls to perform the
<br /> covenants and agreements contained in this Seeuiity InstrumenL or there ts a legal procecding that may �ign�ficantly afFect
<br /> Lender's rights in the Property (such as a prcK:eeding in bankruptcy, probate, for cc,ndemnatu>n cir tu enforce taws c,r
<br /> regulations),then Lender may do and pay for whatevcr is necessary tu protect the�slue e�f thr Prt�pert}•and Lcnder',right� M
<br /> in the Property. Lender's actioRS may inrlude �aying any su�ns cecured h}� a l�en uh�.h ha� �nonty o�er thiti Secunty �
<br /> � instrument.appearing in court,paymg reacenable att�rney�'fec,and ent�;ing cm thc PropertJ tv makc rep;��r� q�though
<br /> Lender may take acaon under thec paragraph), Lcnder docs not ha��r to d��co d'
<br /> Any amounts disbursed by l.ender under this paragraph',hall bece�me addiucmal dcht��f k�orroarr�ecured bt tln� ��
<br /> Securit�•Instrum;:3t. Unl�:13.�a;�,Ke�and Lcncier agree to c,titer term.o!pa}ment,the�e arne�unn shall hcar interest frc+rn �
<br /> the date of disburscment at the tiotc rstc c�oxi .hall hc ps�ahle, ti.ith iritere�t, u �m n��ti.r c`*�,m 1 rri.trr ��� ��
<br /> requc�cting payment �' H�rr��a•cr
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