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<br /> . 90-1039'75
<br /> tJNtr'oKi�i ZvvthiwNis. Horrow�er�no fi.eadcr covenRnt aAd�sans ioAowrs: -
<br /> � 1. PaytMqit or Pri�eiri a�wf I�tt�wh. PrerXse�t ani Iate Cha�es. Barrower shall promptly pay when du
<br /> the princip�i of'�utd intercst on the debt cvidenced by the Note and�ny prep�yment and late charga due under�he Nate.
<br /> 3. F�tK 7'uN Mi I�s�ee. St�bjeet to apptic�bte law or to a written w�iver b�•Lender.Bocrower shaii p�
<br /> to l.ender on thc d�y manthly p�ymrnts src due under the Note.until the Note is p�id io full.a sum('•Funds")equal tq,�
<br /> � a�e-twKMh of (�}yarly ttxa u�d assestments which msy attain priority over this Security lnstrument; (b)Yeac1�CE
<br /> ••�a4d �jrrs�ts o: �rsw:.� r.rt� c� cl:e �:tMZ;ts. �!'aiY� t�3 yearfy h��a;� ins�sran�e przniu�ms; ar� (�)y�r.¢
<br /> ' � mo�t�e insunnce pr+emiums,if s�ny.These item�are c�lled"escraw items." Lender msy atimate the Funds due on th� �
<br /> bais�tcurrentdata�nd rawn�bkatimata�ffhture escraw items.
<br /> ?he Funds s1u11 be Meld in an institution the deposits or accounts of which�re insured or guuanteed by a federal o� ei Q
<br /> j sute a�ency (includins Lender if l.rnder is such an institution). Lender sh�ll�pply the Funds ta pty the escrow items°C d -r'
<br /> . l.a�der may not char�e tor hoWin=and spplying the E�ds,analyzing the account or verifying the escrow items,unless
<br /> � Lender p�ys Bomowrer interat on the Funds and spfr�icaaCe 1aM permits Lender to make such�charge. Borrower :nd
<br /> � L��may yree in writina thu intercst shall be p�id on the Funds. Unless an agreement is m�dc or applicable law
<br /> requira intertst to be paid,l.ender shall not be requircd to pay Borrower any inierat or arnings on the Funds. Lender
<br /> s1wU=ive to Borm�ra,without chu�e.an annual acoountina of ihe Funds showinE credits and debiu to the Funds�nd the �
<br /> � purpae for wrhich each debit to the Funds wa�m�de.The Funds i►re pledged u additional security for tAe sums secured by
<br /> , tl�Securlty Instrumrnt.
<br /> ' Itthe�mount oithe Funds hekf by l.�ndet.together with the future monthly payments of Funds piyable prior to
<br /> '. ths t��e d�t�a c�'ths r-srmw ite�n�.thall e.�r.�3ht amaunt required io�ay thc:sci:,�:it�s wh:,n due.the exct�s shz33 be,
<br /> s�t Homwver's option,eithet prort�ptly repaid to Borrower or credited to Borrower on monthly p�yments of Funds.If the
<br /> � amount of the Funds held by L.ender is aot sutEicie�t to pay the acrow items when due,Honower sAall psy to Lender any
<br /> , amount nece�s�ry to make up the deficiency in,one or mare payments as required by I.endcr.
<br /> Upon p�ymen!in full of dl sums sec�ured by�this Securicy Instrummt. Lender shall promptly refund to Borrower
<br /> any Funds hefd by Lrnder.If unde�psraaraph 19 the Property is sold or acquired by Lender. I.ender shall apply.no later
<br /> th�n immediatdy prior to the ule�f the Praperty or its acquisition by L.ender.any Funds held by Lender at the time of
<br /> applicstion asa credit aaainst the sums securod by this Security Instrument.
<br /> 3. A�IkaKw ot Psy�b. Unlei�appticaMle Isw provides otherv►-ise,stl psyments received by Lender under .
<br /> p�n�phs 1 �tid 2�hall be�pplied:ftrst.to latt char�es duc under the Note;se��d.to Rrepayment charga due under the � �
<br /> Notr,third,to unounts payible under para6raph 2:fourth,to interat due;aced tut,to principal due. . .
<br /> 4. Ciwe� IJer. Horrower sha11 pay�ll taxa,assessments.chuges,fina and iir:positions attributabk to the -
<br /> Property which may attain priority,over this Security Instrumrnt, and leasehold payments or ground rtnts. if sny. �
<br /> _ -_ — - - - �°s�,..v..c�:iraii y',iji iiw�voiipiivna in iac muina providea in paragrspit Z,vr ii nar[psiti in imif mmner.i�rrmver sn�I ' �.Y;
<br /> � pay them on time directly to the perwn owed paymrnt.BorroMer shall promptly turnish to Lender all notices of amounts ' -�'-
<br /> . to be paid under this parsinph.If BonoMer mskd thae psyments directly, Borrawer shall promptly furnish to Lender
<br /> receipts evidencin�the p�ymenu. =
<br /> Bo�roaer shall promptly diuharae any lim which has priority uver this Security lnstrument unless Horro�ver:(a) -
<br /> , a�roes ia Mridn�to t6e p�yment of the obligation securad by the lien in a mmner acceptable to Lender.(b)contests in good -__
<br /> faith the lien by�or defends a�ainst enforcxment of the lim in,lepl proceedings which in the Lender's opinion opente to
<br /> prcvmt the enforcemrnt of the lien or farfeiture of arsy part of the Property;or(c)secures from the holder of the lien aa —
<br /> s�roen�a�t satisfsct�ry to I.ender subord.inating the lien to this Sacurity Instrnment. If Lender determines that any p�rt of
<br /> the Property is subject to a tien which may attain priority over this Security lnstrument. Lender may give Hotro�ver a
<br /> notioe idmtifyins the lien.Borrower shall saasfy the lien or uke one or more of the actions set forth above within 10 days
<br /> of the aivin�of notice.
<br /> � S. Hatara I�wrasee. Honower shall keep ihe improvements now eaisting or hereafter erected on the Property
<br /> insur�ad a�ainst loss by fire.huards included within the term"eatended coverage"and tny other haaards for which Ltnder
<br /> requita insurtnce. This insurance shatE be maintained in the amounts and for the periods that Lender requira. The
<br /> , inwrance carrier providins the insurance shall be rhusen by Bonower subject to L.ender's approvat which shall not be
<br /> , unrasonably withheld. �-
<br /> All insun►nce policies and rr.newals shall be acceptable to Lender and shall include a standard r�9ortgage clause. .*
<br /> Ln�der ahall h�vt the right t�hold the policia=nd renewals. lf'Lender requ�res,Borrower shall promptly give to Lender �,
<br /> all reeeipts of ptid premiums and rentwal notices.In the event oi'loss,Bonower shall give prompt notice to the insurance
<br /> csrrier and I.ender.Lender may mske proraf of Ic�ss ifnot made promptly by Bonower.
<br /> , Unless Lender and Borrower othtrwise agree in wnting,insurance procteds shall be applied to restorat�on or repair �
<br /> of the Property dsmaged.if'the restoration or repair is economically feasible and Lender's security is not lessened.if the
<br /> ratontion or repair is not economically feasible or Lender's security would be lessened. the insurance proceeds shaji be
<br /> appli�c!to tke seer.ss seeusr�!sy this Seeur'sty lssstrumrzt,whetfies ar not ther� dae, with at�y e�c�s patd to 8orraw�s. Df
<br /> Borrower abandons the Property,or daes not answer within 30 days a notice trom Lender that the�nsurance carrier hu
<br /> oR'ered to settle s claim.then L.ender may sollect the insurance praceeds. Lender ma�use the proceeds to repair or re�tore
<br /> the Property or to pay sums sacured by this Security I�strument,whether or not t►�en due. Thr 3�-day pericxl will begin
<br /> when the notice is givrn.
<br /> Uniess Lenderand Borrower btherwi$e agree in writing,any appluat�on of�rucceds to pr�nc�pal shall not extend or
<br /> postpone the due date of the monihly payments reierted to in paragraphs i and �or change the amount of the payments. lf
<br /> undec patagraph 19 thc Property is acquired by Ltntder.Horrower's nght to any msurancc pnl�c�es and proceeds result�ng
<br /> from damsge to the Propercy prior to th�acqu�sition shali pass to Lender to�he eatent of the sums cecured by this Secunty _-____ _
<br /> Instrument immediately prior tv the ecquis�tion. �
<br /> 6. Pracrrallo���nd Maintenance ot Propert�;i.aseholds. Borrower shall not datroy�,damage or substanually
<br /> change the P�operty,allow the Property to detenorate or commu waste. If¢h�s Secunt� lnstruitunt �s on a leasehold,
<br /> Borrawer sha�lcornply with the provisions oPthe lease,and if liorrower acqu�res fee t�tle to the Pro�erty,the leasehold and
<br /> fa titlt shal)not tntrge unless Lender agrees to the merger�n wnting.
<br /> �. Protection ot Lender's Rigt►ts in the Property: �lortgage lnsurance. lf BorroKer fa�is to perform the �t
<br /> � covena�nts and agreernentscontained in th�s S�curity lnstrument,or ehere�s a fegal proceedmg that may Sign�Ficantly affert
<br /> Lendet's rights in the Property(such as a pr��ceedmg �n bankruptcy, probate. for cundemnation or t� enf�rce law� nr �
<br /> regulations), then Lendet may doand pa�for whatever�s necessaty t�protect the�a{ueof the Pmpert�and l.ender'�n�htti .,Y
<br /> in the Property. L.ender's actu•ns may �nclude pay�ng any sums secured by a Len �sinch ha1 rnr�rn} n�er thi� Security +��
<br /> Instrument,appearmg�n coun,pay�ng reasonable anorneys' fees and entenng �n the {'n.�ert} �c�make rcrair� A i�hc�ugh ��.,
<br /> Lender may take act�on undcr tnis��arngraph 7, l.ender dc�es not hatie tn d.��r
<br /> Any amounts disbursec:by Lender under this p�ragta�h'�hall he::�mc add�u;�n��l �ieht.•: N��t I��ucr�c�;�reci hti th�,
<br /> �ecunty lnstrumern l�nless Bc,rmKer:snd 1 encieraarer tc�i�thcr trr�m��f pa.rner,t. t:ic.e .,m.��,r.r�.h.�ll hrar irrtcrr�i(r:�in
<br /> the dale of c'iishursemem al the '`ole ret�� ,�nci ch.,l) h: �n<<�hle. wi�h u:iere�t u��:•n r��:;�,:• ir„r:, I rniirr t , li �•i���.i•r
<br /> reque�bng paymrnl
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