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<br /> UNIF7�RM Covf:N�NTS. tiarrnwer and Lender eavenant and agrce as follow�s: ��� �Q 4�2�
<br /> !. Pwyn�ent at Nrinclp�l and Interest;Prepayment�nd I.ate Chargea. Burrawer shall promptly pay when due
<br /> the principal af and interest ot►th�debt evldenced by tht Note and�ny prepayment and late charges due u�der the N�te.
<br /> 3. FWnds far Tiuca�nd Itssu�nce. Subjfct tQ appticabIi law ur tc���i ittet�waivet Gy Lrndrt�.8i�rri�wcr,ti�ti p�y
<br /> to Lendtr c►n the day munthly p�y�nents are due under the Note,until the Note ia paid in full.a sum("Funds")equa!to
<br /> � onatwdRh of: (a) yrxrly tax�s and assessnunts which may attain ��riority over this Secu�ity lnst�ument; (b) y�ea�ly
<br /> lasehold p�ymrnts ar graund rents on the Property, if any; (c) yea�ly hazard insurance premiums; and {d) yearly
<br /> mortaage inaurance premiuma,if any.These items are called"escrow items." Lender may es�imate the Funds due on the
<br /> b�sis�f currcnt data�nd rcasonable estimates of future escrow items.
<br /> The Funds shall bc hcld in an insdtutian the dcposits or account9 of which are insurec!or guarantcccl by a fedcral ar
<br /> st�te saency(including Lrnder if Lender is such an institution). l.ender shall apply the Fund.r• to pay the escraw items.
<br /> Lender m�y not chuge for holdina and applying tha Funds,anAlyzing the account or verifj�ing the escrow items,unless
<br /> ' Lendar p�ys Bonower interest on the Funds ar�d applicable law permits I.ender to makc such a charge. Barcawer and
<br /> Lender may a�ree in writing that interest shall be paid an the Funds. Unless an agreement is made or applicable law
<br /> roquires interest ta be paid�Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lende�
<br /> � sh�ll give ta Horrawer.without charge,an annual acwu�ting of 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 pledged us additional security for the sums secured by
<br /> ; this Security Instrument.
<br /> If thc amount of thc Funds held by Lender, together with the future manthly payments of Funds payable primr to
<br /> the due dates of'the escrow items,shall exceed the amount required to pay the escrow items whe»due,the exeess shall be,
<br /> at Honower's optio�,either promptly repuid to Borrawer or credited to Borrower on monthly payments uf Funds,if the
<br /> , amownt of the Funda held by I.ender is not sufllcient ta pay the escrow items when due, Borrowcr shall pay to Lender any
<br /> �m,r,un�n�erss�ry to makc u�shz s3cflcientlr in one or more payments�s required E�y Lender.
<br /> Upon payment in tlill of aIl!sums s�+cared by this Security Instrument, Lender shall pcomptly refund to Borroaer
<br /> any Funds held by Lender.lf under paragraph 19 the Praperty is sold or acquired by Lender.Lender shall apply,no later
<br /> thsn immediately prior to thc sale of tht Propeny or its acquisition by Lender.any Funds hetd by Lender at the time af
<br /> Application as a credit against the sums secured by this Security lnstrument.
<br /> 3. Aprlkatloe ot PaymenU. Unless applicable law provides otherwise,all payments received by l.ender under
<br /> paragraphs 1 and�shall be appiied:first,to late cha�ges due under the Nate;second,to prepayment charges duc undes the
<br /> Note;ihird,to amounts payable under paragraph 2;fourth.to interat due;and last.to principal due.
<br /> � 4. C6srgp;I.iens. Borrower shat) pay atl taxes. assessments,charges.8nes and impositions attributable to the
<br /> Property which may attain priority,ovtr this Security Instrument, and leasehold payments or�round rents, if any.
<br /> ' Borrower shall psy these obligations in the manner provided in paragraph 2,or if not paid in that manner,Bonower shall . .
<br /> ' pay them on time directly to the person owed payment.Borrower shall promptly furnish to Lend�r all notices of amounts
<br /> � to be paid under ihis paragraph. If Borrower malces these payments directly, Borrower sha;l promptly fornish ta Lender
<br /> receipts evidencing the paymenu. •
<br /> _- = w�c'i'aiiwii�'iiv�i:Nisji ui"sC:liui�c$Tij�=icu iiilii�,i ,iiu}�i iviiiji u�ci iiiis�ctiiitiiji itiii�i�inciti iiiiica�nvfia�'rVCi: �Sj -
<br /> agras in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in gaod ,
<br /> faith the lien by,or defends against rnforcement of the lien in,legal proceedings which in the Lender's opinion operate to ,
<br /> prevent the enforcement of the lien or forfeiture of any part of the Propeny;or(c)secures fcom the holder of the lien an • __
<br /> agreement satisPactory to Lender subordinating tht lien to this Security Instrument.If Lender determines that any part oP
<br /> ' the Property is subject to a lien which may attain priority over this Security lnstrument, Lender may give Borrower a
<br /> notice idrntifying the lien.Bonower shall satisfy the iien or take one or more of the actions set forth abave within 10 days s =
<br /> � � of the giving of notice. .�
<br /> S. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br /> insured against loss by fire,hazards included within the term"extended coverage"and any ather harards for which Lender i
<br /> roquires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The
<br /> insurance carrier providing the insurance shall be chosen by Borrower subject to I.ender's approval which shall not be
<br /> unre�sonably withheld.
<br /> All insurance policies and renewals shall be acceptable to Lender and shali include a standard martgage clause.
<br /> Lender shall have the right to hold the policies and renewals.If Lender requires. Sorrower shall promptly give to Lender
<br /> all receipts of paid premiums and renewal notices.In the event of loss. Borrower shall give prompt notice to the insurance
<br /> carrier and I.�nder.Lender may make proof of loss if not made promptly by Borrower. ,:�
<br /> Unless Lender and Bonower otherwise agree in writing,insurance proceeds shall be applied to restoration or repair ' .-�
<br /> � of the Property damaged.if the restoration or repair is ecanomically feasible and Lender's security is not lessened.if the
<br /> restoration or repair is not economically feasible or Lender's security would be lessened,the insurance proceeds shall be
<br /> applied to the sums secured by this Security ]nstrument,whether or not then due,with any excess paid ta Borrower. if
<br /> Bonower abandons the Property, or dces not answer within 30 days a notice from Lender that the insurance carrier has
<br /> offered to settle a claim,then Lender may collect the insurance proceeds.Lender may use the proceeds to repair ar restore
<br /> the Property Qr to pay sums secured by this Security Instrument.whether or not then due. The 30-day period wiU begin
<br /> whtss the notice is gi�en.
<br /> Unless Lender and Bottower otherwise agree in writing,any application of proceeds to principal shall noi extend or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments.If
<br /> under paragraph 19 the Property is acquired by L,ender,Bonower's right to any insurance policies and proceeds resulting
<br /> from damage to the Property prior to the acquisition shall pass to Lender to the extent of'the sums secured by this Security
<br /> Instrument immediately prior to the acquisition.
<br /> 6. Preservation and M�intenance of Properj�+;I.easeholds. Borrower shall not destroy,damage or substantially
<br /> change the Property, allow ttte Property to deteriorate or commit waste. If this Security lnstrument is on a leasehold,
<br />� Borrower shall comply with the provisions of the lease,and if Borrower acquires fee title to the Property, the leasehold and
<br /> fee title shall not rr�erge unless I,ender agrees to the merger in writing. ' - -�-
<br /> 7. Protection of Lender's Rlghts in the Property; Mortgage lnsurance. !f $orrower fatls to perform the
<br /> covenants and agreements contained in this Security Instrument,or there is a legal proceeding that may s��nificantly afi'ect
<br /> Lender's rights in the Property (such as a procEeding in bankruptcy, probate, for condemnation ar to enforce laws or
<br /> regulations),then Lender may da and pay for whatever is necessary to protect the value of the Proper�y and Lender's rights '
<br /> in the Froperty. I.ender's actions may include paying any sums secured by a lien which has priority over this Security
<br /> lnstrument,appearing in court,paying reasonable attorneys'fees and entering on the Praperty to make repairs. Although �a�
<br /> I Lender may take action under this paragraph 7,L,ender does not have to dn so. �,
<br /> 1�. Any amounts disbursed by Lender under this paragraph 7 shall become additional debt oP Borrowrr tiecured by t his
<br /> Security Instrument. Unless Borrowei and Lender agree to other terms of paymcnt, thesc amount�ahall hear intcrest fr�m �
<br /> the date of disbursement at the Note rate and shall be payable. «•ith interetit, u�on nohce from Lender tc� H�rrc�ucr cb
<br /> requesting payment. �'
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