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<br />&9` 101229
<br />U%lF0RMCgiEtiaX1S. Bonower and t. endercovenant and agree asfollo� +s:
<br />11. Payment of Principal and Interest; Prepayment and Late Cliarges. Borrower .hall promptly pay when due,
<br />the principal of and interest on the debt evidenced by the Note and any prepayment ern+ late charge-, due under the Nate.
<br />L Funds for Taxesand Insurance. Stthject to applicable law or to a wriret:at waiver by Lender. Borrower shall pay
<br />to Lender on the day monthly payments are due under the Note. until the tiotc it this in full. a sum (Funds") equal to
<br />one-twelfth of (a) yearly taxes and asse sntents which may attain pnonty user this Security Instrument; (b) }early
<br />leasehold payments or ground rents on the Properly. if any. (c) yearly hazard, insurance premiums: and (d) yeari.v
<br />mortgage insurance premiums. if any. These items are called "escro w items." Lender may estimate the Fun+ls due on the
<br />basis of current data and reasonable estimates of future rscfvw items.
<br />The Funds shall be held in an instit ution the deposits or account-, of which are insured or guaranteed by a federal or
<br />state agency (including Lender if Lender is such an in%titution). Leader shall apply the Funds to pay the escrow item::.
<br />Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br />Lender may agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br />requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge. an annual accounting of the Funds showing "edits and debits to the Funds and the
<br />purpose for w hich each debit to the Funds was made. The Funds are pledged as ._c'sii tonal security for the sums secured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, together with the future trcwth .: payments of Funds payable prior ra
<br />the drtedates of the escrow items. shall exceed the amount required to pay the e4zjv -n ri.tems when due. the e;.uxss shall: bit-
<br />at &,ri awe! s option, either promptly repaid. t.T . k-ti Brauer or credited t,a L'•orrrlht.T im monthly payments cf Furl idea L Chia
<br />amounLof the Funds held by Lender i-, natsrf3ia:;zry to pay the escrow ifi;ins whir r;_c'ac, Borrower shall pay to Lender:inv
<br />amount necessary eo .r�:ke up the deficiency im rrie or more payments as required by Lender.
<br />Upon payrxn.* C -2i of all sums secured by this Security Instrument. Lt°.-dja shall promptly refund to Borrower
<br />any Funds held by Ljen&-n'I;wnder paragraph 19 the Property is sold or acquir.:ci. by Lender. Lender shall apply, no later
<br />than immediately ti tc : tv sale of the P:crerty or its ac-4-
<br />by Lender.
<br />any Funds held by Lender at the time of
<br />application as a crev t against the sum-, secured by this Secunty in -,trument.
<br />3. Application of Payments. Unless applicable law proviet3y. otherwise. all payments received by Lender under
<br />para:gn-aphs 1 and 2 shall be applied: first, to late charges due under thi!-Mme; second. to prepayment charges due under the
<br />:dote: third. to amounts payable under paragraph 2: fourth, to interest 61e; and last, to principal due.
<br />4. Charges; Liens. Borrower shall pay al. tapes, asses
<br />smerirs.. harges, fines and impositions attributable to the
<br />Property which may attain priority over t'_tis Security instrumenr_. arid Iteasehold payments or ground rents. if any.
<br />Borrower shall pay these obligations in the manner provided in paragraph 2. or if not paid in that manner, Borrower shall
<br />pay tSem on time directly toilte-person awed payinutir. Borrower shall prorptly f` mish to Lender all notices of amounts
<br />to be paid under this paragraph:. If Borrower maker these payments directly, Borrower shall promptly furnish to Lender
<br />receipts evidencing the Payment,
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good
<br />faith the lien by, or defends against enforcement of cite lien in, legal proceedings which in the Lenders opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any part of the Property; or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lendersuhrudinatmg the hen to this Security Instrument. If lender determines that any part of
<br />the Property is subject tc a lien which may attain prrt�rity over this Security Instrument. Lender ritay give Horrower a
<br />notice identifying the lien. Borr:aer shall'yttlisfy the lien or take one or more of the actions set forth above within iC days
<br />of the giving of notice.
<br />S. Hazard l:tnurvace. Borrower shall keep the improternents now existing or hereafter erected on the Property
<br />insurral against loss by fire, Braids included within thu t=' "extended coverage" and any other hazards for which Lender
<br />retains insurance. This insurance shall he maintained in the amounts and for the periods that Lender requires. The
<br />in =uruce carrier pwtiding the uttiurance shall be chosen by B ^rrowe.r subject to Lender's approval which shall not be
<br />unritW..nably withheld.
<br />All insurance poho.es and renewals %hall be accz!ptahle. to Lender and shall include a standard mortgage clause.
<br />L uier shall have the: tight lip Bold the policies and rer;.ev,::3 #,. V Ex�dcr require%, Borrower shall prompli}; give to lender
<br />all receipts of plid rremiums and renewal notices. In tht e:at' (.f toy Borrower shall gne prompt notit:e to the insurance
<br />carrier and Lender. tender may make proof of loss if not made V :tnpily by Borrower.
<br />Unless Lender and F,cr•-ower otherwise agree in u rating, insurance proceeds shall be applied to rest: rainvil or repair
<br />of ibe Property damaged, if the restoration or repair is (x onomicall) feasible uiid Lendcr's sc:unty is rata lessened. if the
<br />re- swration or repair is r:ct et:i,n>omtcally feasible or Loader's security would he lessened, the insuaano- I vocceds shall he
<br />zr,r.h f to the s-anls secsrr d 1+y this Security Instrument, whether r.r not thet7 due, with attc excess p aid to Horrower. If
<br />t�.zrr, .Wt:r abarld ++t:s the Property. or does not answer within 30 days a n.,.tccr realm Lender that the insurance carrier has
<br />ifttrt:d to Seri lea claim, then Lender may collect the insurance prl>_ct:(is Lcr.;fcr may use tbc,procccds to repair or restore
<br />chid Properly or to pay %ems secured by this Security instrument, Ahcrher or tv t then due. The 30-day period will begin
<br />wltta the notice isgitien.
<br />Unless Lender and Burrower otherwise agree in w Citing. any of proceeds to principal shall riot extend iu
<br />Postpone the duty dice of the monthly pa }•mutts referred to in para;irar9' , 1 and 2 or change ilia• amount of tht payment'. If
<br />under paragraph 14 the Property is acquired by Lender. Hornlu.c s right to any insuranc+: p+tlicies and proceeds resulting
<br />from damage to the Property prior to the acquisition --half pa %s to Lend cr to the extent of the aims secured by this Security
<br />Instrument immediateN prior tothe acquisition
<br />b. Preservation and Maintenance of Property: Leaseholds. lorrower shall not cicsirtoy. tianr+gc or suhst-it:itally
<br />change the Propcn%, allow the Property it, deterwrate for commit wa+,te If this Security Instrument is on a lelsello-Id.
<br />Burrower shall comply with the prm istolis of the Ieaw. and if Homo» cr acquires fee title t:l the 111rop m y, the leasehold u;:d
<br />fee toleshall not merge miles% Lendcragre4 %tothe merger in «'iulvz-
<br />7. Protection of Lender's Rights in the Property; Mortgage Insurance. if Itorri-er fibs to rcrfoiur the
<br />covenants and agreements contained to this Sct:urtty Instrument- (•r lucre i% a iegal pr: wccdmg that ;rte-- st}anticatrtly affect
<br />f.efider,, righti in the ilr(lpcny f,%uch as.f J,iOcccdirig in hankn;p:,: }. poi —`;de- for cOT"i"1111l:ttttlit nr to ctiforce of
<br />regu}attrn•.). then t miler may d. +and ray f� t whateo er i%neccssat? to rrotcet the %a1:.c of 'h:_ Prrr•ctt} auk: i enders rtaait•
<br />in the Property i enders actitm% toes include raym:: any --uttt%secured by a h•rr which hats Ilnt arty rose th:s 5ccurttti
<br />Irmfutncnt. arpa.•aring in covert, r:eguif rce--:aaih;t eta rocs--' fec-- attd whet rt a the Prj-erty to retake repairs Althougf:
<br />Vender eras take ;01011 ". 1 miler clot-. not fim ell d,
<br />ant not hunts ti:'htlrt:tl l/: I intact tttnit•r cacti I%are_trarh - shall'+r. <,:nc at §.;tu trail tichf ..t It• •rrt •.ter •rcu: ed 1,. th:s
<br />Sccurit. Insirunu•nt idle', It.vri •.ter and i craS_•r .S,acc tt' <•tlx • tt•ttnt . t rntrrtrs tLt' .trot t:trta .it l! hC.1r ;n:rtt•1t franc
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