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r -- 4 1 1 s9- 101170 UNtt=oRlotC-ovr%-A;-rs.- _ 13rIrru%waird-i -ettdrrcrvenarrT urn! Welt d* 4hzw :: _ — - - - - - -- - - - - -- 1. Payment of Principal and Interest; Prepayment and iaty Charges. Borrower shall promptly pay when due the principal of and interest on the debt evidenced by the Note and any pripaym -err+ and late charges due under the Note. 2. Funds for Taxes and Insurance. Subject to applicable law or t,. a. wi#,4P.. waiveir by Lender, Borrower shall pay to Lender on the day monthly peyrnent, are due: under the Note. until t.'ne N .Ot,i )s paid in full, a sum (-Funds") equal to one-twelfth of- (a) yearly taxers and assessments which may attain priority over this Security Instrument; (h) yearly leasehold payments or ground rents on the Property, if any; (e) yearts . bawd insurance premiums; and (d) yearly mortgage insurance premiums. if any. These items are called "escrow it.:ttts "Lender may estimate the Funds due on 1. he basis of current data and reasonable: vitimates of future escrww it,-v*s. The Funds shall be held in an institution the deposits or account -i of wbirh are insured or guaranteed by a federal or state agency (including Lender if Lender is such an institction). Lender sha!J_ apply the Funds to pay the escrow items. Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender may agree in writing that interest shall be paid on the Funds. unless an agreement is made or applicable law requires interest to be paid. Lender shall not be required to pay Borrower any.interest or earnings on the Funds. Lender charF give to Borrower, without charge, an annual accounting of the Funds showing credits-and debits to the Funds and the purpose for which each debit to the Funds was trade. The Funds are pledged as additional security for the sums secured by thisSecutity Instrument. If the amount of the Funds held by Lender, together wiPh the future monthly payments of Fur,& payable prior to the due dates cFthe escrow items, shall exceed the amount recrk ed to pay the escrow items w hen due, eke excess shall be, at Borrowers cp tion, either promptly repaid to BurrG.Wez br t-r�clited to Borrower on monthly payments of Funds. if the amount of doe Hinds held by Lender is not sufficiec.t. to F4y:t1�e rsi-row items when due, Borrower shall pay to Lender any amount necessary to make up the dell denry in one or more paympts as required by Lender.. Upon payment in full of all surt� secured by; ttis Security Instrument. Lender sbaH promptly refund to Borrower any Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender. der. Lender shall apply, no later than immediately prior to the sale of the Property cc its acquisition by Leader,. any Funds held by Lender at the time of application as a credit against the slims sftured b_: this Security Instrument. 3. AN12cation of Paymet% Ur -!ess applicable lave p *ctvides otherwise, all paar:tents received by Lender under paragraphs I ate; � 2 shall be applied: fy%i , to late charges due umiei the Note; second, to prepayment ch'arsges due unt-r the Note; third, to amonunts payable under paragraph.2; fourth, try i:iteszst due; and last, to principal due. 4. Charges; Lieas.. Borrower shall pay, aN Mixes, assessments, charges, fines and impositions avributable to the 1Wperty w1,,k1?,' may itim6n.,6riorify.fllivt this _19 vca ity Instrument. and Leasehold payments or grcra id rents;, if any. Borrower shale pay these rbiigations.ia ti itmanner provided in paragraph Iior if not paid in that manner, Borrower shall pee: them on time directly,ta.the perscr.t��r,.O paynnent. Borrower shall promptly furnish to Lender all notices of amounts tc l+e paid under this paragraph. If Borrower makes, these payments directly:; Borrower shall promptly furnish to Lender ip,;eipts evidencing the payiner ts. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the Chligation secured by the lien in a manner acceptable to Lender; (b) contest,, in good faith the lien by, or defends against cnf =ement of the lien in, legal proceedings which in the Lender's opinion opm �e to prevent the enforcement of the lien er forfeiture of any part of the Property; or (c) secures from the holder of lhe.ifi m an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject t,s it 1j).'n which may attain priority over this Security Instrument, Lender may give Bocrewtr a notice identifying the lien: Borrower sh,atI satisfy the hen or take one or more of the actions set forth above within V) days of the giving ofm,tice. S. Htr=d lnsumwe. Borrc•>rer shall keep the improvements now,existing or hereafter erected on the Property insured against loss by firer hazards included within the term "extended coverage" and any other hazards for which Lender requires insurance. This it iirance shall be maintained in the amounts and for the periods that Umder requires. The insurance camv,-r providing the insurance shall be chosen by Borrower subject to Lendv s approval which shall not be unreasonably cWt,hheld. All insurance policies and renewals shall he acceptable to Lender aRJ shall inc.!u'de a standard mortgage clause. Lender shall have the right to hold the policies and renewals. If lender recn+w.res. Borrower shall promptly give ao Lender all receipts of paid premiums and renewal notices. In the event of loss. Borrower shall give prompt to the Insurance carrier and Lel)der. Lender may make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, insurance proceeds sha:6 be applied to remoratiov or repair of the Property damaged. if the rest, nation or repair is economically feasible and Lender's security is not lesser•: xf. if the restoratien or repair is not eeonom. wally feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. If Borrower abandons the Property. or does not answer within 30 days a notice from Lender that the insurance carrier has offered ti)iettle a claim. then Lender may collect the insurance proceeds. Lender may u4• the proceeds to repair or rQ :store the Property ear to pay sums securu3 by this Security Instrutr eni. whether or not then disc. The 30 -day period Will I-aegin when the notAX is given. Unless Lender and iorrower otherwise agree in writing. any appli-;ihuon of proceeds to principal shall not a X lvnd or por...t;one the due date of the monthly payments referred to in paragraphs I a.1d 2 or change the amount of the pay'rr :ats. if under paragraph 19 the Property is acquired by Lender. Borrowers right to any insurance policies and proceeds resulting from damage to the Property prior to the acquisition shall pass to Lender to the extent of .the sums secured by this Security itititruntent immediately prior to the acquisition. 6 Preservation and Maintenance of Property. Leaseholds. Borrower shall not destroy, damage or substantially change "the Property, allow the Property to deteriorate or commit waste. If this See n!y Instrument is on a leasehold. Berm%ver shall comply with the provisions of the lease. and if Borrower acquires. fee title Fi', the Property, the leaschold and fee tithe shall'not merge unless Lender agrees to the merger in w miring. 7. Phitection of Lender's Rights in the Property; NY(-rtgage Insurance. If Borrower fails to perform the ct)vtmants emit;)); rcemeni.s•contained in this Security Instrument. or there is z legal proceeding that may significantly affect Lender's rights. in the Property (such as a proceeding in bankruptcy, prorate. for condemnation or to enforce laws or reilullfti(tn0i thcr: Lcrdcr may do and pay for whatcvcr is necessay tt: protect the :al" s. f the Property and Lenders rights in the Property. Lender's actions tiro) include paying any sums secured by a hen ha% pnonty ever this Security instrument, appearing in court, paying reasonable attorneys' fees and entering on the Property to mare repairs. Although I.ender may take action under this paragraph 7. Lender does not ha%e to do so Any amounts disbursed by Lender under this paragraph 7 shalt hecoinc additumal dehr of H„rrower secured by this Security Instrument. Unless Borrower and I ender agree to oth ^r terms of pa%ineut. th;ae .en,I +ants shall hear interest from the date of disbursement at the Noll: r,itc atal shall he payable. with interest. Ili, "n w*,t: fr:,m I erider tun Horrower requesting payment 'O gy'A' MM_;. r rt h y-