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<br /> , , - �. UN�l�oltwCOV�K�►M's. Ban+o�►etandLendercovenantinda�rceufoUoMS:- ` ,
<br /> -- � ' � 1. riy�e�t�t Pri�ct�d aM i�Pre,�l�t iuN L�t�e C�ar�a. Borrawa shall promptly PaY when due
<br /> r.�Le prinaip�lo[at�iatrsp!�ulbtde6t e�rid��-tl�e Ma�e�any pr�paYtt�t aad�tate rharges dur undrt thr Note: . � , - -
<br /> , 2. Fti■i he 1'ua�l t�ce. Subject taappli�ablelsrv or to s wtitten�siver by l.ender.8orroaer sl�ll pay �. .
<br /> � . . .` , ,to Lender pi the dsY moq�hiY p�Yments ue due uRder tbe Nae.wuil thc Note is paid in Full,.s sum C'Funds")eqwl to �
<br /> � � , �ne-t�reHth of: (a�Ynrty w�a s�►d assessme�ts�vhich msy attsia priority aver this 5ecurity Instrument: (by Ytu1y . ,
<br /> , . Ietlel�oiQ {,��ments c��rount! tents an the property. if uey. (c? Ye�rly.lu�ard insunnca premiatns: snd (d) YprlY -
<br /> � . wortr/c in�oranoe peminna.if sny.Thae items are callad"esctowr items."laadcr may adenue the Fuads due on the �
<br /> baadc�trent�taand rea�on�kntin�ata diiiturtasrow i'tems. `
<br /> � � T6eFw�dsshall be bdd ie an institution the depositsotxcounts oi�vhicb sre insumd or gu'sranteed by a fateral or
<br /> '� �tste r�ency�inciudin�Lender if Lender is spch an iastitution).�.ender shai!�ppty the Funds to.pay the eserow items.
<br /> ` �.es�der a�y nt�t char�e fa I�oidin=�nd appiyins tl�e fu�ds.arulXain�tBe accovnt or verifyin�the e.c�cro�v itans.nniess ` �
<br /> � . � Y.endtr pa�rs Borta�►a interat on the Funds and�xpPlicabk I��r permits�..ender to malce such a cMr6e.BormMa and . �
<br /> ' � l�ender mar asree ia w�ritinj thit intarsst shap be paid an the Far�ds. Unless an aareanent is onade or appt�cable law �
<br /> , ta�uit+es interest to be paid.Lende"t shsll trot be teqpired to pay BorroNer any interest or amings on the Funds.L.ender
<br /> : shdt pve to Barrorrtr,writhout c�tt6e,an snnwl sccountina of the Funds sha�ving credits and debits to the Funds and the ,
<br /> � pin�po�e far vhicb e�cfi debit to tife Funds�ras mWa The Funds ue pkdaed u sdditional�security!or the sun�,s sccured by �. . , - • .
<br /> � tl�is Security Iesttuaxnt. �
<br /> ' It 1he�mount af tl�e Funds 6eld by Lender,tct�q.�iei��the futusa monthly pt�umts oi Ewsits paya6k j�iar to � . .. :
<br /> tbe due d�ta of the escroM item:.sh�!!e�ceed the a�eua�t seq�;.�d�to pay the escro+v items�vhed der�.�.he euccess atrali be, � � �
<br /> i��otro�rer's optfon.tiiher promptiy rep�id to Bc�a�vei ar czeditad to Ba��orver on monthly pa}�`,s of Funds.If the , � � � �
<br /> • a.�oun!o�the Fnr�ds held b�►Lender is nc�t sotCcic�a:���r tl�e'�scrQw ite�s�vher�dae,Honaxe�slsa�,�sy to Lender any _ . . -
<br /> stnount ttbCasary to make up the dtficiency in one or mnre pab�sts u required by Lende�. • � ' � '
<br /> - � Upon psymatt in full of all sum►s secured by this Satiirr�:tnstrument,i.ender sball ptomptty xefand ta Borrower .
<br /> �ej��unds fietd by Lendu.if under puasnph 19 aE�e Property is sold or acquired by i.er�du.Lendec s�sall appfy.no tater �
<br /> � �[�e�immod'uteiy prior ta i�se sate oi the Proptriy�s its acquisitian by Lena�s.any Funds hefd by L+�ider at thr time oP �
<br /> � �application asa credit�i�u.�he sums securcd Dyt��s Secudty lnstrument.
<br /> 3. A�ot�ywntt�. Un1as applicable la+r prarides ptherwise.all p�yexnts rexeived by Lender under � �
<br /> p�n�raRhs 1�nd 2 slup be applied:�rst,to I�te charaes due undet the Notr.second.to prep�ymrnt char6a due ur�der the `
<br /> , Nate;third.to amounts psya6k under parasraph 2;faurth.ta interat due;and last.toprinciEul due. ' ` :
<br /> 4. G�ry�I.ia�. Bbr�ower sfiaU pay�11 taza,assessments.chsr6a.fines and impositiens attributabk to the -�
<br /> Propeny which may attain priority.aver thi� Security Initrument, and leasehold payments•ar graund rrnts. it any.
<br /> 8orrowar shall psy these obliaations in thr man�er pravided in p�rAgrapb 2,ar if not paid in�h�t manner,[3onower shall '
<br /> p�y them on time direc�ly to�he person owed payrpeat.Borrawer shall promptly furnish to Lendtr all notices of amounts �
<br /> _ to br p�id under this p�raanph..[t Borra�ver makes these psyments directly.BovroMer shall promptly tumish to Lender � ., �
<br /> aceipts evidrncin6 the p�ymmts. .
<br /> Borrowrer�hall promqly di�chst�e any lien which hss priarity over this Security lnstrumrnt untes.�BorroMer:(�) ��
<br /> a�rea in Mritin�ta tt�e psYn�ent af�he c►bliastioe secured by the tien in�manner accept�ble tp Lender(b)contesta in��od
<br /> fiith the lien by,or defmAs�asinst enforcemeet o[the lien in;kpl procecdinas ahich in the Lender's opipian opente to . —
<br /> prcvmt the enforcement ot the tien or forfciture of sny part oi the Properiy;or(c)securea from the holder of the lien sn � �; '
<br /> a�rctment satisfsctory to Lender subo�dinatin6!he lien to this 5ecurity Instrument.lf Leader determines ihat any past of
<br /> , . the P�opetty is subject to a lien which may attain priority over this Security Instrument. Lender may give Batrower a
<br /> . natke ide�tifyins the lien.Qarrower shaU satisfy the lien ar take ane nr mare o�the actions�et fotth above�vithin 10 days
<br /> of the pvins oinotice. .
<br /> S. H�rar�Iawra�ee. 8orrowEr shslf kap the improvements now existin�on c�reaRtr ercettd an the Praperty ,,
<br /> . iasr�ra!yainst toss by R�e.lw�r�rds included within the term'•exteeded coveraae"and any other hszsrds tar�vhich l.ender
<br /> repuira insur�nce: Th�s in�rrance shal! be maintainM in the amounts snd for the periods that l.endtr requius. The
<br /> i�sunnce earritr providin�tAe insurance sh�ll be chosen by Barroarer subjoct to Lender's spprova!which shall not be �• .�
<br /> ' unrea�onably withhetd. � ,� ,
<br /> Aq insuruice pplicia�and anewals shall be acceptabk to Lender and shall inc�uAs s standard man6aae clau�e.
<br /> t.arder shall luwe tht riaht�o hold the poticies and rene�rals.If Lender requua.Borrower ahall prorro�tly aive to Leader
<br /> a1t reaipts ot p�id ptemiutn��nd renewal nWice�,i»the event ot loss.Borrower sh�l1 aive prompt notice to the ir�surana
<br /> csrrier and I.ende�.Lendt�msy malce prooiof lcns if nol made ptomptly by Borrowsr. '
<br /> Uetess l,ender and Horrawer otherwise aga in writina,insunnce procetds sh�q be�pplied to reslorstion ot repair
<br /> of the Prtperty damsstd,if the restot�tion ar redair is ecunomicalty Ceasiblt and l,ender's security is nut lessened. lf the "�� � `� -" � � �
<br /> � ratorstion or repiir is nM eronvmic�0y te,�sibk dr Lender's security woutd be lessened.Ihe insunnce proceeds shalt be ' ' �
<br /> � appli�0 to the sams secured by this Serurity Instrument.whether or not then due,with�ay eacess p�id to 8orrower. lf
<br /> . BorroMer ab�ndons 1he Proper�y.or does not answer within 3�days a na�ice frnm Lender thu�ht insunnce camer has
<br /> oQercd to seltk i claim,then I,ander msy collect�he insunnce procrrds.Lenekr msy use the proeerds tc►repwir m restore
<br /> the Broptrty.or ta p�y aum�secured by this Security fnstrument.whether or not �hen due.The 3U-day pbriod will hegin
<br /> • M�1lf1/�1Ef101�TlalVttl..
<br /> . Unitss Leader and 8crrowes utherwise agrx e-t wtiting,any applicir:�n of pracceds ed principal shalt trot eatend ar �
<br /> poslpone Ihe due date of tC�e monthly p�yments reYcst�d to in paragrapfis t and 2 or change the amount af�he payments.lf
<br /> under piraanph 191he['ropeny is�equ�rrd by Lertder.8orro+�ee's ri�ht ta any insurance policirs a�td proeceds res��Ung
<br /> t�om d�maae to the Praperly ptior to�t��acquisition shtll pus:c�G.�nder to 1he eatent aF Ihe sums secured by ihis Seean�y ~ '��
<br /> � instrumentimmediuelypri,�t��he�,�uisitan. � �
<br /> i. PraerraNa��:Haf�te�ee otPto�tr�r;LeateUoid�. Hon��r shall nat destroy,da:zr:age or substantiaUy
<br /> .. . .shat�thc Pro�.+taty nikt�r.ilse PrQp:eiY ts dtsttigr=te csr res�ssst�it s:��st<'��lEfiS�tLififij'�iiSiFiiditFfii iS�aii 8r}E$SEStU�f�. .
<br /> BorroMet shtp comply wilh the provisions otthe lease,and if Borrower acyu�res fee lille tv Ihe Proper�y,the leasr!:ai�artsl '
<br /> . fee�ilk a�hatl nat mer6e unless l.ender agrees to the tnerger�a wnting. •
<br /> 7.. Proleetlo� ot l�det•s Ri�lltts in thrr PsooeHy; MbN��e trtsuranct. !t Borrower fa�ls to perform the
<br /> � , covee�nts aed ageements rontained in t6is 5ccurity Instrument.or�here is a teg�l prrxcedirrg�hat may sigaificantfy�Rect
<br /> Lender's riahts irt the Ptopeny(aueh os a pu►cading in bankrnptcy.pr�bate. far candemeauon ar t«entorce taws ar
<br /> reaul�tions).Ihen�.ender m�y do and.psy fot whatever is nectssary tc�pt�ctcl the value o!'Iht i'ropet,�y and�.ender's rights tr
<br /> tn the Property. Lender's act�ons ma}�includt paying any sums setured by a lien whirh Ius pnonty ovtr �his Secur�ty �
<br /> , Instrument.ap�searirtg ih cc�utt.payin$trasonable attutneys'fces and entr�ag an eht Prapeny to make rtpa�rs. Althaugl� y-
<br /> Ltndtr m�y takt,aetion under this pat�graph 7.Lender does no�h���e tv dc►sc� � ��
<br /> ' Any amoun�s disbvrsc�f by Lendtr undet this�ragraph 7 shali l,econ�e adclu�+u�g1 debt vfi i3«rrnwer cecuted by�h�s �
<br /> - - -- 5erurity Inslt�nten�:Untess H�►rrower-nnd Lrnder agrec to nthrr termc c�f paymrnt.these amt+ums shail hear interest Prum
<br /> tht date oi disbursement el rhe l�ate raie ertd shall be rayable, w�th i►tterest, upon nvltce frt�m'Lendec t<+ [���rr�u•er '
<br /> � ' requesting paymen�. -
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