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<br /> � t1NIFORM Cov�Ne4NTS. Borrower and Lender cavtnant nnd ngree t�s follo�v�: ��� ������
<br /> . l, P�yment o!Peinclpal�nd Intertst;Prep�ymeet and I.ate Cherges, Borrower shnll promplly pay when due
<br /> the princip�l of and interest ai thc debt evidenced by the Note and any prepayment und Iste chargec due under�he Note.
<br /> 2. FtindsforT�xes�ad IesurAnce. Subjecl toapplicahlelnwor taa written wai�erby Lendre,APffOW�PSFI�I)�9}I
<br /> to t,tnder on iha day mo�lhly payments asa dur und�r the Note,ur�til the Note i�paid in fuH,�sum(•'Funds")equut ta
<br /> ont-twelRh of: (9) �ead} tazcs and asscssrncnts which may attuin priarity a��er this Securily lnslrun�enr, (b} yrarty
<br /> � k��ehald {�yments �r ground tents on the Prapecty, if any; (cZ yea�tti hazard ins���ance prcmiums; and (d) yeaity
<br /> mort�sge insunnce premiums,if Any.These items are called'•escrow itemc." I,ende�may estimate the Funds due on thc
<br /> basis ofcurrent data and reasonable estimates of future escroK items.
<br /> Thc Funds sha11 be held in An instituiion the deposits or accounts of which are insured or guaranteed by A federa)ar
<br /> � stAte agency(including Lender iP I.ender is such an institutiona.Lender shall apply thc Fund9 to pay the escrow items.
<br /> Lender m�y not ch�rgo tor holding�nd applying the Funds.analyxing the account�r veriPy ing thc escrow items,unless
<br /> , Lender p�ys Ba�rrawer interest on the Funds and applicable law permits Lender ta make such A charge. Bc�rrower and
<br /> Lender m�y asra in �rritin� that interest sh�ll be paid on the Funds. Unless an agreement is made or applicable law
<br /> � requines interest ta be p�id,Lender shsll not be required to pay Sarrower any interest or earnings on the Funds. Lender
<br /> ! sh�l!give to Harrower.without charge,an annual accounting of the Funds showing credits and ciebits to the Fundc and the
<br /> ; purpose far which�ach debit to the Funds was made.The Funds are pledged as additional security for the sums secured by
<br /> ' this Security lnstrumcnt.
<br /> ! If'the amount nithe Funds hetd by Lendcr.together with the tl�ture monihly payments of Funds payable prior to
<br /> ` the due d�tes aP the escrow items.sh�:lt e�cceed the amount required to pay the escrow items when due.the excess shall be,
<br /> ' at Bnrrower's optian. cither promptt}repaid to Borrower or credited ta Borrawer on monthly payments af Funds. if the
<br /> . � amount of Ihe Funds held b}�l.ender is not sufficient ta pay the escrow items when due,Barrower shap pay to Lender Any
<br /> � amcrunt ne:,essary ta make up the deficieiicy in ou�nr murr payments as requircd by Lender.
<br /> • Upan payment in Full of all sums secured by this Security lnstruenent, l,ender shail promptly refund to Borrawer
<br /> ! , any Funds held by Lender.If under paragraph 19 the Propert�is sold or acquired by I.ender,Lender shall apply.no later
<br /> th�n immediately prior to the sale aF the Property or its ucqu�sition by Lendcr,any Funds hcld by Lender at the time af
<br /> � applicatioR as a credit against the sums secured by this Security lnstrument.
<br /> ; 3. Application ot P�y�neab. Unless applicable law p•ovida otherwise,all payments recee��cd by Lender under
<br /> paragraphs 1 and 2 shall be applied:flrst,to lat�charga due under the Note;second,ta prepayment charges due under the
<br /> ; Note;third,to amounts payable under paragraph 2;fourth.to interest due;and last.to principal due.
<br /> �. CLuges;Liens. Horrower shall pay all taxes. assessments,charges,fines and impositians attributable to the
<br /> 4 Propetty which may attain priority.over this Security Instrument. and leasehold payments or ground rents, if any. _
<br /> , Honower shall pay these obligatiuns in the manner provided in paragraph 2,or if not paid in that manner,Bottower shall � �
<br /> ; pay them on time directly to the person owed pay ment. Borrower�hal)promptly furnish to Lender aEt notices of amounts ' '
<br /> to be p�id under this paragraph. If Bonower mukes these payments directly.Borrower shall promptl�furnish to Lender
<br /> � receipts evidencing the payments. �
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<br /> � i Borrower sha!! prarnptl��discharge any lirn wt�ich has priority over this Security Instrument untess Borrower:(a} �.;_�.
<br /> ; Agrees in wridng to the payment oPthe obligation secured by the lien in a manner acceptable to I.ender:(b)contests in good =
<br /> i faith tht lien by.or defends against enforcement of the lien in. legal proceedings which in the Lender's opinion operate to �
<br /> prevent the enforcement of the tien or forfeitnre of any part of the Property; or(c)secures from the holder of the lien an �
<br /> , agrcement satisfactory to Lender subordinating the lien to this Security Instrument.li'I.ender determines that any pan af --
<br /> , the Property is subject to a lien which may attain priority over this Security lnstrume�t, Lender may give Borrower a
<br /> � notice identifying the lien. Borrower shall saticfy the lien or take one or more of the actionc set forth alx�ve within 10 days
<br /> � of the giving of notice. ';,
<br /> �! S. HazaM Insudnce. 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 other hazards for which Lender
<br /> ! requires insuranc=. This insurance shall be maintained in the amounts and for the periods that Lender requi�es. The
<br /> ; insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's appro��a! which shall not be
<br /> unrcasonably withheld.
<br /> All insurance policies and renewals shall be acceptable to Lendes and shall include a standard martgage clause.
<br /> ; Lender shall have the right to hold the policies and renewals. If Lender requires,Horrower shal!prom�tly give to Lender
<br /> - , all receipts of paid premiums and renewal notices. ln the event af loss.Borrower shall give prompt notice to the insurance
<br /> ' carrier and Lcnder.Lrnder may make�roofof loss if not made promptly by Bori�ow•er. ���.,�'.
<br /> R Unless Lender and Borrower otherwise agree in writing.insurancr proceeds shall be appliec3 to restoration ar repair •
<br /> { of the Property damaged,if the restoration or repair is economically feasible and Lender's security is not lessened. lf the
<br /> restoration or repair is not econamically feasible or Le�ider's security a�ould be les.�eaed, the insurance procceds shall be
<br /> , applied to the sums secured by this Security lnstrument,whether or not then duc,w•ith any excess paid to Borrower. lf
<br /> : Horrower abandons the Property.or dces not answer w•ithin 30 days a notice from Lender that the insurance carner has
<br /> � offered to settle a claim. then Lender may collect the insurance proceeds. I,ender may use the proceeds to repair ar restore
<br /> the Pra�serty or to pay ;ur.;s�:urc�l by th'rs Sccurity Instrument,�vheiher or uot then due_ 7'hc 3o-day Pcri�d w•iii hegin
<br /> ` when the notice is given.
<br /> � Unless Lender and Borrower otherwise agree in writing.any a�+plication of proce.�cds to prine�pal shall not extend or
<br /> - postpone the due date of the monthly payment�referred to in paragraphs 1 and 2 or changc the amount of the payments. If
<br /> ' under•paragraph 19 the Property is acquired by Lendtr, Borrower's right to any insura�ce pohcies anci pracecds result�ng
<br /> from dumage to the Property prior to the acqussition shall pass to Lender t��the extent of�he cum��ecured by thi�Secunty
<br /> Instrument immediately prior ta theacquisitivn.
<br /> 6. Presen�ation And Dfaintenance of Property;Leaseholds. Aorrmcer�h.all ni�t de�tro},damage nr�ubstant�ally
<br /> change the Property,a�low thc Properry to deteri�ra�e or commit�vaste. lf th�s Serur�t} In�trument i5 on a leatichold,
<br /> Borrower shall cornply u•ith the pro�•icions of the Icase.and if Bormwer acyuire�fce titic to t hc F'rorcrty.the leatehold and '---—�
<br /> fee title shaU nat mergc unless Lcnder agree5 to the merger m�snting. '
<br />, '/. Protection ot I.ender's Rights in the Property; '�tortg��e Insurance. if t3��rrc+wer G•i�l� tu prrf��rm the
<br /> covenantsandagreemrntscantained in thicSecunt�• Inrtrument.nrthcrr:tia legal rmrrcd�ng that�tir�: �i�;nificantly afi'a�rt
<br /> Lender's rights in the ProF.ert�• ;such as a proceeding in h�nkrup�c}, probate, f��r rundeninatinn i�r te� cnforcc lau� ur
<br /> regulatit�ns),then Lendermay do and pa�•fur�+hate�er ts neceasar} to rrote�t the�aiue c�f thr Pr����erf� .�nd l.en�3er'�n�:ht� �
<br /> on the Property. Lender'sscu�n� ma}• include pa�����; any� sum��ecured M �: I�en ahich hati r�nnr:ty ���rr thi� tic.unt} �
<br /> L Instrumer�t.appearmg m cc�urt.paying rea�onable attorneys'feeti aud enterm�„n the 1'n,��rty te+m,i4�c:c{�air� Alth�,u�;h i
<br /> I.ender may take a�•u��n emder th�s paragraph 7. I.ender d�e�n��t !»�c t c�d���o !�
<br /> Any�rn��emt�dti�bur�ecl h} Lender under thrti�ara;eraph"�hal! hc�rmr,ici�lin��;,.�IdeM��i l3��n����cr�«wr.f h� thi, j
<br /> Sc:nnty Instrun+.ceat. l�:'.�Cti� �Pi!t�::t'T:mt3 i.cr:�Cf.:�Tl'i 1(t��fflii ici(11.����41\IIICiiI. IIIC�Cntni�lll�i�r�4t��f�t'Ji llltf'Ic`�f 1(ntll �((y�
<br /> thc d:itc ��f di�hurumcnt�ii Ihc ?�otc• r,ite .utc1 �h.ifl hz pstahlr ���Fh ir:trrr,r. u�•�m �i��r.�,r fr�•r�� I cn,lcr s,� };,�n�n�cr ��
<br /> reyuectmgpa��ment
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