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<br /> " -�� 102306
<br /> � UNIEIIRRSCl�Yt'.�Atils Uc�rrowerundLenderru�enantan�fagrrr�i�fofl����. 90"
<br /> 1, i'Ayment of Principaf pnd inte�esh, i're�yment o�td Lott Chaestes. ll��rr��«er ,hall pn�mptl} pa� «h:n du,
<br /> thc�+rincip�l of and intcre�t on thc debt e��idrncecl hy thr N��ie:md imy prcp��y�me�t and Icite rhargc�duc uncirr�hr y�.Ir
<br /> 2. Ir'unds for Twxesvnd insurpnce. 5ubjcct to applicubl�I;►��•ur tu:+���ritten��ai�er i�� l.rr�drr,Unrraurr�h.�ll pa��
<br /> to Lendcr on�he dey mrnithly paymentr are due under the Notc.until the Nrne i�ruid �n Puil.a �um t"Hund�')rNual tu
<br /> � one-twclRh of': (�)yearl} taxcs und assessments Hhich ma�• auain pri�rity �.�c� thi� Serunl�� Intitrumem; (h) yearly�
<br /> ieasehutd paymerits ar Fround rents rni the Prnperty. if uny; tc) ?�ebrly harard in�ui�n�e pren�iumc; and (d) yrarly�
<br /> mortgage insumnee premiums,if nny. These it�mc are called"c�cmw itcan�•"1-erider may�e.tiniate the F'ands due E�n the
<br /> basis af current data and reasonable estimates of Puture escrc�N•items.
<br /> The Funds shal)be held in an institution the de�sits or accoun�s af w'hich are insured�r guaranteed b��a federal or
<br /> state agency(including Lcndcr if Lender is such an institution). Lender shull apply the Fundc to pay the e�crow• itcros.
<br /> I.ende�ma�nat cha�ge for hol�ing And applying the Funds,analyzing the account o���erifying the escrow•items, unless
<br /> Lender pays Fiarrower interest on the Funds and applicable law permits Lende�to make cuch a charge. BorrnW��r and
<br /> Lender may agree in writing that interest shal) be paid on the Funds. Unle�s uo agreement is made or applicable law�
<br /> requires interest ta be paid, Lender shall not be required to pay Borrow�er�n�intrrest or easnings on the Funds.Lender
<br /> sh�ll give to Borrower,without churge.an annual accaunting af the Funds showing credits and debits to the Funds and the
<br /> purpose for which each debit to the Funds was made.The Funds are plcdged as additiona)secu�ity Par the sums secu�ed by
<br /> this Security Instrument.
<br /> IP the amount of the Funds held by Lender,together with the future manthly payments af Funds payable prior ta
<br /> the due dates of the escraw items.shall exceed the amaunt required to pa�the escrow items when due,the eacec�shall be,
<br /> at Borrower•s option.either promptly repaid ta Borrawer or credited ta Borrower on monthly paymentc ot'Funds. lf the
<br /> amount of the Funds held by Lender is not sufficient to pay thc escrow itcros when due, Borro«�er�hall pa�to Lender any
<br /> amount necessary to make up the deficiency in one or more payments as required by Lender.
<br /> tI�n payment in fuU of ap sums secured by this Serurity lnstrument,Lender shall pramptly rePund to Honawer
<br /> , any FuacGs.held by Lender.tf under paragraph 19 the Property is sold or acquired hy Lender.Lender shall apply.no la:er
<br /> than immediatcty prior to the sale of the Property or its acquisition by l.ender. any Funds held by Lender at the time of
<br /> application as a credit against the sums secured by this Security Instrumenr.
<br /> 3. Applicallon of Psyments. Unless applicable law p�ovides��ch��Mice,aG9 payments received by Lender under
<br /> paragraphs 1 and 2 shall be applied:flrst.to late charges due urider the 1�tote:seccrrn�.Et�prepayment charg�s due under the
<br /> Note;third,to amounts payable unde�paragraph 2;faurth,to interest duo;�nd lasc.¢m principal due.
<br /> 4. Cl�uges;Liens. Borrawer shall pay all taxes,assessments,ct�arges.fines and im�+c�sitions attributable to the
<br /> Propeny which may attain priarity over this Security Instrument. and leasehold payments or ground rent�, if any.
<br /> � Borrower shall pay these obligations i�the manner provided in paragrAph 2.or if not paid in that manner, Borroa�er shall �
<br /> pay ther�on time dircctly to the persnn owcd paymcnt. Horrower shall prornptly funiish ta Lender all notices of amounts � .
<br /> ' to be paid under this paragraph. if Bonawer makes these payments directly,Borrower shall promptly furnish to Lender ,
<br /> receipts evidencing the payments.
<br /> Borrower sha�t promptly discharge any lien which has priorisy aver this Securit}• ln�trument unles�Honawer�(a) i '
<br /> pRrees in writing tothe�ayment ot'the obliRation secured by the lien in a manner acceptable�o Leader;(b)cont�sts in gocad �'� '
<br /> faith the lien by. or defends against enforcement of'the lien in,legal pra:eedings which�n the l.ender's opm�on aperate to T
<br /> - �ICYl.R1[[�1�Ci11dTClrtllitt O1[�tt IiEtt�1'tOPtCltUte 01 t�nV p8ft 01 tf1C Yi0�1CfIy;or (cj cecures ir�m tnc�aic�er oi a�7e iien an
<br /> pgreement satisl'actory to Lender subordinating the lien to this Security Instrument. IPI_ender determines that any part of _
<br /> � the Propeny is subject to a lien which may��cain priority over this Security Instrum•:nt, Lender may gi�•e Borrower a _
<br /> notice idrntifying the lien. Borrower shall sacysta the lien or take one or more of'the ac�i�ns cet forth at+ove H•ithin 10 dayc -
<br /> of the giving of notice. ';
<br /> �. Nuard losurance. Bonawer shall keep the im�provcments now existing or hereafter erected on the Propertp �
<br /> insnred against loss by fire.ha�ards included ui�hin the term"extended coverage"and any other haxards for N�hich Lender
<br /> sequires insurance. This insurance shal) be �aintained in the amounts and for the pericx3s that Lender requires. The
<br /> insurance carrier providing the insurance shall be chosen b}• Borrower subject to Lender'ti approval which shall not be ::
<br /> unreasonably withheld. ±, ,
<br /> All insurance policies artc�rcnew•als�haU be acceptable to Lender<•,nnd shall include a standard mort�,sge clause.
<br /> Lender shal)have the right to hold the policies and renewals. If Lender requircc.Borrawer�hall promptly gti��e���t.ender
<br /> al!receipts of'paid premiums and renewal notiees.In the event of loss,B�rrow�er sfial!give prompt notice ta the insurance '
<br /> carrier and Lender.Lender may makc proof of loss if not made promptl}•by dorrower. �'+�l`
<br /> Unless Lender and Borrower otherwise agree in wnting,msurance pr��cceds 5!�all be applicd co restaratirn or repair `�'f
<br /> ; of the Propert�• damaged, iP the r��storation or repair i�econamirally feasible and L�Rder's security is not iescened. lf the
<br /> restoration c�r re�+air i�nnt econamically feasible or Lender's security�voutd be lestiened,the insurance prcx:c�.�s shall t�e
<br /> , applied to thc sums w:�ured by this Security Instrument,whether or not then due. With any exc��ss paid to Borrawec lf
<br /> Borrower abandons ehe Property,or dces not�ns�er within?O daqs a notice fr�m Lender t hat f�:e insurance carner has
<br /> oflered to settle a claim,then Lender may colleet the insurance pr�xeeds.Lender ma� u�e the praeeds to re�a�r or restare
<br /> the Property or to pay sums se�.r�red by this Secunty Ins�rument,whether or n�t tF:en due. The 30-day period �►•ill begin
<br /> • when the notice is gi��cn.
<br /> Unless Lender and Bocrvxzr atherwise�gree in wriung,any applicat ion i.f pr�xeeds to princ�pal shall not extend or
<br /> past�ne thc due date of t he m!��'ihly pa)'ment>referred b in paragra�hc 1 and 2 or change the am�unt nf the pa�•ment�. lf
<br /> uadrr�rar�gra�h i4 the Frope�a��is acquired by Lender.B�rrvwer's righf tt��ny' m�urance pc•1uir��nd pre•cred�rc�ullmg
<br /> fram damage tu the Propeny pr��.rto the acquisetion shall pas�to Lrnder to theextent�f thc�um`secured hy�hes Security
<br /> Instrument immediately prior to the acyuis�tion. •
<br /> 6. Preservation�nd 11s�intenance of Property:I.easeholds. 13orn�«cr�hall n��t de�t m�.damagc�r subtitant�ally
<br /> � change the Property, allc�w the Property to detenorate or commn ��acte. If�hn Secunty Intitrument iw e�n a Ieasehold,
<br /> i� Borrower�hall comply w•ith the pro�istons of the lea�c.and�f Horro�►er acyu�res fce titic ti�th�Pmi+erty,the Icatiehold and ,4=-----_:
<br /> fee title shali not merge unless Lender agrees to the mrrger in«•nting. •
<br /> 7. Protection of Lender's Ri�hts in the !'roperty: �tort�a�e Insurance, if Horro��er fails t�� perf��rm �}�e
<br /> envenants and agreement�conta�ned in th�s Secunt� In�trument.c�r�hrrr i.a Ieg�l prncrrdin�that ma< <►gnificantly ati'ect
<br /> Ixnder's nghts in�he Pfoperty (SUCh as a proreedtng in bankruptcy. pm`�ate. fc�r rnn�lemnahnn t�r tn enforce law� rr
<br /> regutatipns),then Lr.nder ma}d�►aitd pa�for ahate�er n necessar�ti�prc�te.:t the��lur��f Ihe Yrop�t►y�and Lender'�r�gM�
<br /> in thc Yroperty lxnder'` actu�m ti�ay� include �+:�)mg au► �um< <ecured h� :+l:rn uhi�h hati pni�nty u.er th�. 5erunt} 7�
<br /> � Instrumeut.:ippeanng in cour�.�+ay�ng rea�onahle attc�rne}�'fee.ancl cntrr►rignn thr Prnpert} te�make rr�ain Aiih��u�h
<br /> l.ender may takr acucm under th�ti p<u.eeraph 7. Lcnder doc�m�t ha�r t�+dn�:��
<br /> Any antrunl��iitihursed h� 1.cnJcr under thiti�araGr.i�h "�haFl hei��snr��id�tit+na!�1rht �+fFi��rrr«cr�crurc��l h� ihi� �
<br /> Security Instruntent 1'n1=��Hc�rivti�er:ind 1 rn�fer a�:rrc h���Ihrr terr.i,�,l��.i�nu•nt. �hr.:•.im�•i�nt� •,hell I.c•,ar inlrrr�I fr�.rn n
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