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<br /> UNIFORM CbVENAN'fS- �Ofl'OWGf Atitl LCII[1Cf COYCpAOt ADd Aai'CC 8S`OliOws: vO-1 Q 4 23 2 '
<br /> . l. Yay�eat ot P�incipal and Intere�t;Prepayment and Ia►te Chatges. 8orrowrr shal)pr�mptly pay� �vhcn dur
<br /> the principal of and interest on the debt evidencrd by the Note and any prepayment And lute cbarges due under t hc N�te.
<br /> 2. Funib for T�xes am!Insunnce. Subject ta applicable law ar to u written wAicer by Gender,HorroN•er shall pa��
<br /> ia�.rndar on the ciay mnnihly paymrnts arc duc under thr Nc?te,un�i!tite Notc n paid in fult.a�um�"Fur�ds")equai t�
<br /> (�" one-twelRh af: (n) yr,�rly �axcs artd assessments which may nttein priarity oker Ihi� Securit� Instrument; (h) yea�ly
<br /> � 4auehald p�ymenta a� �round rents Rt� tha Propetty, if any; (c? yearl} haaa:d insuranrc �rentium`; end {d) ��e�rly
<br /> mort�x�e insur�nce premiums,if any.These itert�s�re callcd •'escraw itcmc."l.e�der may estima�e the Funds dur.an thc
<br /> ba�a af currrnt data and rrt�sonable estimates of Puture cscrow items.
<br /> The Funds shall be held in an institution the de�xxits or accoUnis of which are insured ar guaranteed by a fedcral or
<br /> state�jrncy(ineludin� Lender if Lendec i�such an institution). Lender shall apply the Funds to pay the escroH items.
<br /> l.ender m�y not charge for holdin�and appl}rina the Funds,analyzing the account or verifying the escrow items,unless
<br /> I.ender pays Borrower interest an the Funds and applicable law permits Lender tu make such a charge. Horrowet And
<br /> Lendor may a�ree in writing that inttr�st shall be paid on the Funds. Unless an agrecment is made or applicable law
<br /> requires interest to be p�id� Lcnder sh�ll not be required to�pay Borrower any interest or earnings on the Funds.Lender
<br /> sh�ll�ive to Bonower.without charge,an annuaf accounting af the Funds showing credits and debits ta the Funds and the
<br /> purpose for which each debit to the Funds was made.'I'he fiunds are pledged as additional security for the sums secured by
<br /> this Security lnstrument.
<br /> If the�mount of the Funds held by Lender,tagcther with the future monthly payments of Funds payable prior to
<br /> the due dates af the�scrow items,shall exceed the amount required to pay the escrow items when due�the excess shall be,
<br /> st Bonower's option,cither promptly repaid to Borrower or credited to Borrower on monthly paymcnts of Funds. If the
<br /> . amount of ihe Funds held by Lender is not sufficient to pay the escrow items when due, Borrower shall pay to Lender any
<br /> �mount necessary to make un the deAciency in nn��r m�re raym=sse.��rer,iirss��,!.n�,r,
<br /> Upon payment in full of all sums securcd by this Security Instrument.Lender shall promptly refand to Borrower
<br /> any Funds hefd by Le.nder.If under paragraph 19 the Property is sold or acquired by Lender,Lender shall apply.no later
<br /> than immediately prior to the sale of the Proporty or its acquisition by Lender.an�Funds held by Lender at the time of
<br /> application as a credit against the sums secured by this Security Instrument.
<br /> 3. Applieation o!Psyments. Unless applicable law provides otherwise,all payments received b? �.ender under
<br /> parsgr�phs 1 and 2 shall be applied:flrst,to late charges 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 /> ' 4. Glu�rges;Liens. Borrower shall pc3X a!�taxes,assessments.charges,fines and impositions attributable to the
<br /> Property which may attain priority,over this 3ecurety ]nstrument, and leasehUid payments or ground rents. if any. �
<br /> Borrower shall pay these obligations in the manner pro�ided in paragraph 2,or if not paid in that manner,Borrower shall �
<br /> pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amaunts �
<br /> to be paid under this paragraph. If Burrower makes these payments directly. Borrower shall premptly furnish to Lender "
<br /> � receipts evidencing the payments. _
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<br /> - Borrower shall promptly dis,ehsrge any lien which has priority over this Security]nstrument unless Borrower.(a) ' -
<br /> �agrees in writing to the payment of the obligation secure�b�•the lien in a manner acceptable to Lender;(b)c�ntests in good ' � a
<br /> faith the lien by,or defends against enfarcement of the lien in,legal proceedings which in the Lender's opinion aperate to t '
<br /> prevent the enforcement of the lien or forfeiture of any part of the Property;or(c)secures from the halder of the lien an �-
<br /> agrament satisfactoty to Lender subordinating the lien to this SecuriE� Instrument.If Lender determines that any part of -
<br /> the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a �
<br /> � notice identifying the lien.Bonower shall satisfy the lien�r take one or more of the actions set forth above�ithin 10 days .��
<br /> of the giving of notice.
<br /> S. Ha7ard Insurance. Bonower shall kecp the improvements now eaisting or hereafter erected on the Property
<br /> : insured against loss by fire,hazards included within the term"extended coverage"and any other 1�azards for which Lender
<br /> rcquires 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 Horrower subject to Lender's approval which shall not be
<br /> ' unreas�onably withheld.
<br /> � All insurance policies and renewals sha11 be acceptable to Lender and shall include a standard mortgage clause. ''
<br /> Lender shall have the right to hold the policies and renewals. If Lender requires,Borrower shall promptly give to Lender
<br /> al)rectipts of paid premiums and renewal notices.In the event of loss,Borrower shall give prompt notice ro the insurance ,�;
<br /> carrier and Lender.Lender may make proof of'loss if not made promptly by Barrower. ; �'
<br /> Unless Lender and Borrower otherwise agree in writing,insurance proceeds shall be applied to restoration or repair
<br /> , of the Property damaged,if the restoration or repair is economically feasible and Lender's security is not lessened. If the
<br /> restoration�r repair is not economieally feasible or Lender's security would be lessened. the insurance proceeds shall be �
<br /> applied to the sums secured by this Security Instrument, whether or not then due. with any excess paid to Borrower. If
<br /> Borrower abandons the Propeny,or does 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 or restore
<br /> the Property or to pay sums,e�:ure� by this Security lnstrument,whether�r not then due. Th� 3Q•dsy periad u•il!bcg':n
<br /> , ' when the notice is given.
<br /> Unless Lender and Borrower atherwise agree in writing,any application uf proceeds to prineipal�:hall not extenci or
<br /> ' ` postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or cha�gc the amount of thc pay�ment�. !f
<br /> � under paragraph 19 the ProF+erty is acquired by Lender, Hormwer's right to any mtiurance pohcies and�rocred5 result�ng
<br /> from damage to the Properry prior to the acquisitian shal)pass to Lender ro the extent i�f the�ums�ecured hy th�ti Security
<br /> Instrument immediately priar to the acquisition.
<br /> 6. Preservatton and SfalMenance of Properiy;Leaseholds. Rorrnw•er shall not de�uoy�,damage or.ub�tanti:illy
<br /> ehange the Yroperry, allow the Property ta deteriorate or rnmmit wa,te. If tMti Secuntc Instrument �s o�i a leasehold,
<br /> Borrower shall comply with tlie provisions oTthe lease,and if Borraa�er acquire�fee t�tic t�the Pn�prrs�•, thr le�i�ehold and " �
<br /> fee title shall not merge unless Len�ier agrees to the merger in��•riting. '
<br /> 7. Proteetion of Lender's Rights in the Property; '�1ort�aRe lnsurance. !f F3c,rrnw�cr fa,1, to �crfe�rrn thc
<br /> eovenants and agreements eontained in this Secur�ry M�tcument,ar there t�a lefial prrreee�uig th�st may �t�:n�ftecmily arle�i
<br /> Lender's rights in the Property(such at a proceedmg in bankruptcy, prnhate. fe�r rondemnaticTn c,r t�� enG�rre law� ��r '
<br /> regulations),then Lender may d�and pay for whate�er ii necescary to pmtect the+alur a+f the Prei�rrrt�.�nd I.cnder'�nght.
<br /> in the Property. i,ender's actions may include paying any �ums cecured h}� a hen «hirh h<��pn�nt� �•�,r thi� Sc�untp �
<br /> � lnstrument,appearing in cuurt,paying rea�onabte attorney�s'fee�and rntenn�:on the Prorrrty i��rn,�kr re�air� Aithough �
<br /> Lender may t�ke action under this paragraph 7.Lender d�es not hace to E10.�
<br /> Any ami�unt�disbursed by Lender under thiti��aragraph 7 Shall hecumr.,dd�ti�mal itrht�.�f H+�rrr�tic�r.c�:urrct h� tlTi� �
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<br /> Security Inslrumeut. Unless t3arrou;.r and L�nder agrrr tn ulhcr icrm�c�t��+a)mrnt,thr�e.�tni�unt� �f�;�ll hr,�r intere.t from t��
<br /> the date of disburscment at the 1t�tr rate and �h.:ll be �a}:+hlr. «ith iTitcre•�t. u,,�,t� u��ti�r fr��rn I rnJer s�� lir.rn���rr �
<br /> rcquesting paymcr.t. .•
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