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<br /> ' 1023'76
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<br /> � Ur�IF��R�1C���'i'v:�tii� ,ic�rroH�crf�ndl.enderco�enantand:►Freeu,fall�,��.
<br /> 1. �'ayment of Frincipal�nd I�eterest; PrepAyment and d•ate ('ha��es. Narru��rr�hall�+rum��t1}��,;tY �ihen dur
<br /> thL�sir►ci��+l��f nnd���terest on the debt e�idencc�l hy�the Nc►tean�!any prepacment and latr rharFr�efueus►der the'��tr
<br /> 2. Fund9 fo�Tpxe9�nd Insurtnee. Subjert tu.�pphcahlc la�� ur tu a�.ritten�i�an er hy�l.em!er.Rnrrn�t�er�hall!��>>'
<br /> to l.entier�n thc day monthly payment�are due wider�hr N�tc,until the Note�s pu�d in Pull,�i sum("�'un�l+'3 rqual to
<br /> � one-tw•rlflh uP: (n) y�early taxcs und asse�sments Hhirh may ur.nin priorit�• m�er thi� Security !n«rumrnt; lh) ��early
<br /> letischolel pnyments or �round rrnu on t:�.: Propert�•, iP any; lc) }•carly hatard insuranre premium�; nnd (d1 yearl��
<br /> martgage insuranco premiums.ii'An}.TheSe iterns are culled"escrm�•items." Lender may�cwtim�+t�the Funds duc un the
<br /> b3sis of cur�ent deta a�d reasonabte�timatcs of futurr escrow ttemti.
<br /> The i�undc shall be held in an inslitutian Ihe deposits or:�rcounts of u h�ch are insured c�r guaranteed b�•a federal or
<br /> state Agency tincludii�g Lender if Lender is such an institution). Lendet•�hall apply the Funds to pay xhe escrow items.
<br /> I.ender may nat charge for halding and applying the Funds,analyzing the account or verifying the escrow items,unless
<br /> 1.Gnder pays Aorrower interest on the Funds and applicable law Fx:rmits Lender to make such u charge. Horrower und
<br /> Lender may agree in writing that interest shnll be paid on the Funds. Unless an agreement is made or applicable law
<br /> requires intcrest to be paid,Lender shall not be required to Pay Borrower an�i�terest ur earnings on�he Funds. Lender
<br /> shal)give to Borrower.w��thaut charge,an annunl accounting af the Funds showing credits and debits to the Funds and the
<br /> purpase for which each debit to the Funds was made.The Funds are pledged as additiunu]�ecurity for ihe sums secured by
<br /> this Security Instrument.
<br /> It the amount o1'the Fu�ds held by Lender,together with the Suture monthly payments oP Funds payable prior to
<br /> • ihe due dates�`th•escrov items,>hal�exceed the amount required to pay the escrow items when due,the excess shall be,
<br /> at�orrower's option.either promp�y��:paid �. Borrower or credited ta Borrower on monthly payments oP Funds. If'the
<br /> amount of the Funds held by Lender is nat sufficient to pay the escrow•items when due,Eiorrower shall pay to Lender any
<br /> amount necessary to make up the deficiency in one ar mare payments as required by Lender.
<br /> Upon payment in full of all sums sceured by this Security Instrument,Lender shall promptly refund ta Borrower
<br /> any Funds held by Lender.lP under paragraph 19 the Property is sold or ucquired b}• Lender,I.ender shall apply.nv later
<br /> than immediately prior ta the sale of the Property or its ucquisition by Lender,any Funds held b? Lender at the time oP
<br /> . application as a credit against the sums secured by this Security Insirument.
<br /> 3. Application o!P�ymtnts. Unlesc applicable law p�ovides otherwi�e,al1 pa��ments received by Lender under
<br /> paragraphs 1 and 2 shall be applied:first.to late charges due under the Note:second,to prepayment charges due under the
<br /> ' Note;third,to amounts payable under paragraph 2;Pvunh,to interest due;and last,to principal due.
<br /> ; �, Chuges;I.iens. Horrower shall pay all taxes.assessments,rharges.fines and impositions attributable to the
<br /> ! Property which may attain priarity.over this Security Instrument, and leasehold payments or gtound rents. if any.
<br /> � Borrawer s.hall pay these obligations in the manner provided in paragraph 2, or iPnot paid in that manner,Borrower shall . ,
<br /> � pay them on time directly to the person owed payment.Borrawer shall promptly farnish to Lender all notices of amounts
<br /> ' to be paid under this�raragraph. IP Barrower makes these paymentti directC�, Borrower shall proctisptly furnish to Lencter
<br /> ' receipts e�•idencing the payments.
<br /> Bv�n�wer shail prompily discharge any lien w�hich has priority over this Security lnstrument unless Borrower:(a) !
<br /> -- ° apre!��n a.ricing tn the payment of the obligation secured b�the lien in a manner acceptable to Lender;(b)contests in good .
<br /> faith the iien hy,or defends against enforcement of the I�en tn. iegai pra:c�3ii�gs ahich in the Len�ler'�opinion<�perate to -. _.
<br /> - - Y:..v.::l�:s:.�sfas��p.�*_�f thp liPn nr fnrfeiture n1'an�part of the Property; or(c)secures from the holder oP the lien an _
<br /> agrament satisfactory to Lender suiwrdinating the lien to this Security lnstrument. It'Lender determines that any pan of _
<br /> the Property is subject to a lien which may attain priority over this Security Instrument. Lender may g��e Barrower a �._
<br /> notice identifying the lien.Borrower shall satisf}�the lien or take one or more of the actions set forth above within 10 days -
<br /> of the giving of notica �o�
<br /> S. Hazard Insunnce. Borrower shali keep the improvement�now existing or hereafter erected on the Property �
<br /> insure�against loss by fr�e,hazards includeci within the term"extended cc���rage"and am�other liaiard�for which Lender
<br /> requires insutance. Thss insurance shall be ma�r,tained in the amounts and for the�+eriads that Lender requires. The
<br /> insurancG carrier providing the insurance shall be chosen b►� Borrower subject to Lrrder's approval which�hall not be
<br /> unreasonably withheld.
<br /> Atl insurance poticies and renewals chall be acceptabte to Lender and shal) include a standard mortgag�clause. t •
<br /> Lender shall have the reght to hold the policies and renewals. If Lender reyuires,Borrower shall promptly give to l.ender ��.
<br /> all receipts of paid premiums and renewal notices. ln the evene of'loss,B�rr.�wer shall give prompt notice to the insurance
<br /> casrier attd L.ender.Lender may make praof af'loss if not made pmmptly hy Rormwer. ;�•
<br /> L�Iess Lender and Borrower otherwise agree in writmg.�nsurance proceeds tihall be applied to restoration or repair ;;�
<br /> of the Property damaged,if the restoration or repair is economically feaaible and Lender'c security is not lessened. If the
<br /> cestoration or repair is not economically feasible or Lender's secutity would be lecsened,the�nsurance proceeds shall be
<br /> applied to the sums secured by this Security Instrument, whether ot not then due, with any excess paid to Borrower. If
<br /> Bc�rroWee abandons the Propert}�.or does not answer within 3U days a notice fmm Lender that the insurnnce carrier has
<br /> offered t�.*•settle a claim,then Lender may colleet the insur•:nce proceed�. Lender rna�'�se the proceeds to repai�or restore
<br /> the Property or to pay sums secured by this Secarity Instrurrtent,w•hcther vr not then due.The 30-day period ��ill begin
<br /> when the notice is given.
<br /> Unless Ler.der and Borrow•er otherwise aqree in writing.any app�rcation rf�+re�ceeds to principal shal�not extend or
<br /> � postpczne the due date of the monthly payments referred to in paragraphs 1 and�or change the arr3���nt of the payments.lf
<br /> �:�sder R?�a�ra�+h 19 the Yroperty is acquired by Lender,6orr��yer'4 right to any�r,s�rarcc pc�lic�eti and procee�s resulting
<br /> f:am�a.r.sg�tolhe Psoresiy pnor tc►thF ac���icitinn chalt nass to Lender to the extezt of the�um��ecured by th�s Serurit�•
<br /> Instrument immediately prior to theacquisition.
<br /> 6. Preservation and�taintenance of Property:I.easeholds. Bcrrowcr�hall not destroy. damage or u�batantially
<br /> change the Property. allow the Propeny to detenorate or c�rnmit �ta:•te. lf this ��curity Instrument is on a leasefiold,
<br /> Borrower shall comply with the pmvisions of the lease.and�E'E3orrou•cr acquire�fee::;le to the Pr�peny.the leasehold and r _ _
<br /> _�__ fee titleshatl not merge unlc«L�:nder agrees to the merger�n wntinK. •
<br /> 7. Protc�tjon ot Lender's t�tigfits in the ?rupe�iy; '=SartFa,;: IRc!�[�.nce. �lf R�rr�wer failti t� perform the
<br /> � ern�enantsand agreementscontamed in this Secunt} Instrumrnt.nr �rcrr��cs le�al proceedmg that may 5�gnifirantly affe�t
<br /> i,ender's rights in the Property (such as a pr�needing in h,rnkruptr}, �.rc�b�te, f��r rnndertinatic�n or t�enforcr law� rr
<br /> regulatit+ns),then Lender ma}•d�and pay for��hate�er�s nece4�arq t�prntect the�.+lue�f thr Pro�.rty.�nd l.ender'ti right� �
<br /> in the Property. Lender'�arhonti rtsay� �nclude pay�mg any sums secured h� a lirn ��hi�h ha� rnrrny ��tier lhiti Secur�t� N�
<br /> � Instrument.appeanng m rczuci. paymg re�i�em�ihle atti�rne�s' fee�and entenng cm the Pmrcrty t�� makr rr}�a�n Although �
<br /> Lender may take acnrn undrr thi�par:+�;raph 7. l.ender d�e�.n��t ha�r ti�dn�<�
<br /> Aoy ami�uut�disburccd h} Lcndcr undrr tin,par.�gra�h 7�h:�l1 hria,rnr.+d�i�tituisl debt cd�;�,rr�•aer�r�ur�d b) thiti a
<br /> Secunty In�trumcnt. L'»le�,Rurrt•��rr.�nd I en�ier agree t�,rthcr termc nf�.��mci3t. the.r am��unt�•hail�rer imrretit trrm h
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<br /> reque�ung�a>ment �'"+
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