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<br />UNtIPOt M CoVE!• ANiM. Borrower and Lender covenant and agree as follows: 89-102019
<br />1. Payamat et pebm pal aad Interest; ft"ywent alai Late CMrgea. Borrower shall promptly pay when due
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note:
<br />2. Fawk for Takeo and Issarasce. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to bender on the day monthly payments are due under the Note, until the Note is paid in full, a sum ("Funds") equal to
<br />one -twelfth of: (a) yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly
<br />leasehold payments or ground rents on the Property. if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortSW iinsurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the
<br />basis of car act data and reasonable estimates of future escrow items.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br />state apntey (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items
<br />I.ettder may not charge for holding and applying the Funds. analyzing the account or venvng the escrow items, unless
<br />Leader pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. mower and
<br />Leader lay agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applizable taw
<br />racparesintetest to be paid. Lender shall not be required to pay Borrower any interest or earnings on the Finds. Leader
<br />sltaPl Oe. to Borrower. without charge, an annual accounting of the Funds showing credits and debits to the Farfdc and the
<br />purpose kw which each debit to the Funds was made. The Funds are pledged as additional security for the s=s.s cured by
<br />this Seca* Instrument.
<br />If the account of the Funds held by Eder, together with the future monthly payments rrftids payable prior to
<br />the due data of the escrow items, shall era: the amount required to pay the escrow items whew ¢wain: t3'te excess sl=U tae, .
<br />at Bortowe's option, either promptly ce,-msid. no Borrower or credited to Borrower on monthly payment; og P," & If the
<br />amount of the Funds held by Lerner, is not sufficient to pay the escrow itons when due, Borrower shall z- &scuder an
<br />amount necessary to makeup the *Tmeney in one or more payments as required by Lender.
<br />Upon payment in full of all sums secured by this Security Instrumnt. Lender shall promptly refund,10 iBorroww
<br />any Funds MU by Lera3er. If under paragraph 19 the Property is sold a �.-quired• by Lender, Lender shall apply, no later
<br />than immediately prarar to the sale i�f"t1~; Property or its acquisition by 1,ender, any Funds held by Lender -at the time dc "
<br />application as a credit against the sins secured by this Security Instrument.
<br />3. ANiieatloa of Psytnests. Unless applicable law provides otherwise, all payments rrcdve�i'1by.ft ender under
<br />paragraphs 1 and 2 shall be applied: iiinst, to awcharges due under the Note, second, to prepayment c1•C des due under the
<br />Note; third to amounts payable under paraVW, 4 2; fourth, to interest due; and last, to principa; rta t., '
<br />6. Chersts; LJeaa. Borrower shall :*Y' all taxes. assessments, charges, fines and impositions attributable to 1br
<br />PropesV • which may attain priority • over this Security Instrument, and leasehold payments or ground tine, if
<br />Bornawer shall pay these obligations in the manner provided in paragraph 2, or if not paid in that manner. 8. m Esc i.s'tau f
<br />pay them an time directly to the person owed payment. Samwer shall promptly furnish to Lender all notices Orabnt>;ceris ..
<br />to be paid under this paragraph. If Borrower makes these pry agents directly, Borrower shall promptly furnish to Lerdar:-
<br />receiptsevidencing t'htpayments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (aj
<br />&gees in waiting to the payment of the obligation secured by the lien in a manner acceptable to Lender, (b) contests in good
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<br />faith the lien by, or defends against a nforcenient of the lien in, legal proceedings wh&h in the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any part of the Progeny, or (c) secures frcca n the holder of the lien
<br />agreement satisfactory to bender subordinating the lien to this Securiry Instrument. If Lender deie *mines that any pa_rT
<br />the Property is subject to a lien which may attain priority over this Security Instrument. Lender may give Borrewe- a
<br />notice Writifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above add rn 10 tiny
<br />of tht'gNnS of notice.
<br />" S. Hazard Iaattranw. Borrower shall keep the improvements crew existing or hereafter erected on the Property
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<br />insured against loss by fire. hazards included within the term "extended cove age" and any other hazards for which Lander
<br />requires insurance. This insurance shall be maintained in the amounts anal- `cr !,': e periods that Lender requires. The
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<br />insurance carrier providing the insurance shall be chosen by Borrower sub*t tc Lender's approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall 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 />all receipts of paid premiums and renewal notices. In the event of loss„ Borrower shall give prompt notice to the insurance
<br />carrirr. and Lender. Lender may make proof of loss if not made promptly by Borrower.
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<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
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<br />restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall tv
<br />applied to the sums secured by this 4e;urity Instrument. whether or not then due. with any excess paid to Borrower. 1:
<br />Borrower abandons the Property. 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 rept it oar re:stere
<br />the Property or to pay sums secured by this Security Instrument, whether or not then due. The 30-day period will beo,
<br />when the notice is given.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and 2 or change thewttowKff the payments. If
<br />under paragraph 19 the Property is squired by Lender, Borrowees right to any insurance policim ,*acct ,pra -ands 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. Prewnatioa and Mdoteaa&ee of Properl; LdueboML Borrower shall not destroy, damage or substantially
<br />change the Property. allow the Property to deteriorate or commit waste. If this Security Instrument is on a leaseholdi
<br />Borrower shall comply with the provisions of the lease, and if Borrower acquires fee title to the Property. the leasehold and
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<br />fee title shall riot merge unless Lender agrees to the .:.erg=s in writing-
<br />7. Protection of Letder'a Riglits is Ne Property; :Mortgage Imaraaee. if Borrower fails to perform the
<br />coversntts and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly affect
<br />Lt's rtglats in the Property (such as a proceeding in Napkruptty, proMte, for condemnation or to enforce lawn sir
<br />regulations). then Lender may do and pay for whatever is necessary to protect the value of the Property and bender's rights
<br />in the Property. Lettder's actions may include paying any sums secured by a lien which has priority over this Security
<br />instrument, appearing in court. paying reasonable attorneys' fees and entering on the Property to make repairs. Although,
<br />LeWer may take sction under this paragraph T. Lender does not have to do so.
<br />Any amounts disbursed by tender under this paragraph T shall become additional debt of Borrower secured by this
<br />Security instrument Unless Borrower and Lender agree to other terms of payment, these amounts shall bear interest from
<br />the date of dtsbursement at the Note rate and shall be payable, with mtrrct, upon notate from Lender to Borrower
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<br />requesting payment
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