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<br /> � � � � : iJNtPO1tM Cov�NANTS. �orrower and Le�tdmr wvensnt and agra as falloavs:, . ,
<br /> �'"'t . 1. Fiywe�t�Pti�eiw�M Ltv�es�PteMi�t wt Lste�. Borrow�er shall P�PUY'WY�btn dne,. `
<br /> � tLe P�hncipal of'and inamt on tbe debt�evidmced I�r�he Noteand u�y pregaymeat and late chugadiee andes ehr L��ie. `: , --
<br /> - . . . � Firi�iar Tasr ri I�ira�te. ^�s�hpct to�tpplicabk tsw ar ta a writterj tvaiver tiy L.aeder.Bo�iowra s�l1 pay � .
<br /> . Zo l�nder on t1�e day monthly►p�ymenis are di�e under the Noter until the Nnte is psid in full.a Sum("Fwids")bq�wi to � .
<br /> ,oee-tw+elflb of• (a�yeirtY ta�s�pd aas�ssrnmu which m�y xtuin priority ovu this Secnrity Instrument; (b1 Yarty �
<br /> le�rrlwid p�,ymeots or sround rents oa the Froperty. if ar�y; (c) Yeariy huzrd insurance premiums; and (d)Yarly . .
<br /> � ' , mo�t�ye mwranoe P+'emi�s.if my.7'6�e n�ms an calkd"escrowr itans."Lender may eatimata the Funds�due on the � �
<br /> . . . ' b�is dcurrrnE dats s;ad Fa�ona6k es�nata of futuretscrow iteins. � ' .
<br /> '.< �TLe�Fuads sbali be held in�n utstituti�the deposits or accounts of�vhich are insured'or gw�tnteed by a fader�t.er .__ . _ `
<br /> � -- - �._..
<br /> - - -
<br /> - - -- �s�r(� '. i if 1.�Lde[is siiC�s�u tr�siifutionj.I.rnder sira�I appYy tiie�unds w psy tIae acra�►items. ' �
<br /> . . : Lmder a�Y not charst for hoidia3 and sPP1Y�8�Fw�ds�aruiyung the account or vaifying the escmM iteans;unlas . , �
<br /> L�pldlr�y'S B01'fOMlt IDIL'fai OTl�G�Ut1dS lfld�1It�bIO�N pGi011t5 Lfd1dK�p fJ1iIiC SUCb�a chss��Borro�rer snd .
<br /> Leader may ajree in�rritin�ti�at inierat slvtll 6e`p�id an the Funds. Unlas sn a6reement i3 made or applicabk!sw •
<br /> eeq�es inteiest to 6e paid,Lender s6a11 nM be requirod ta pay Borrower any intuest or eamin�s on the Funds.I.ender �
<br /> . sLll jive w Horra�►er.aithout cbargG an�nuat sccourtting of the Fvnds showing credits and de6its to the Funds and the • � �
<br /> • P�P�fa��b�b����'�ds�vas msde-The Funds are pled8ed as sdditional seacuurity for the sums se�ured by
<br /> ` ' this Sacurjty lnururaait. � � -
<br /> � � � If tiie ai�eopnt of the Funds fuld by I.tnder,together with the fviure monthly payrnents of F�rndS payable priar to. .
<br /> t6e dae dsta ai the esEraw items,shstl excad the amount required•to pay the escrow items when du�the excess sha11 be. _ �
<br /> � • st Aorcu�ve�s Qption,tither prompity repaid to Bosrowrer or crodited to Borrower an monthly paymeau of Funda If[he
<br /> ; amatm�E of t1�e Fuuds held by La�der is not suficirnt to pay thc escrow items whan due,Bonawer shall pay to Lendu any `
<br /> 1 . amouat neoasary to malce up the de5ciency in one or more psyments as required by I.ertda. � � �
<br /> Upon psymrnt in fuU of aU sums secured by this Security Instrument:Lender shall promptty refund to Borrowu
<br /> • . wy Fundt heW by LCnder.lf under puagraph 19 the Prapeny is sold or acqnired by LenQer.Lender skall apply.no.later �
<br /> + t1�au imtnedistety prior to the t.ale oi'the Property or its acquisition by Lender.any Funds held b� Lender at the ume of �
<br /> � applicatioij ss a credit sgsinst the sums secured by ths Security Instrument.
<br /> , 3. 11N1iptlo�of Pay�nb. Unless applicsYsie law pravides otherv��ise,all payments received by I.endr.�under '
<br /> . parynpHs 1 aad 2 shall bS spptied:first.to tate cgfarg�s due under t1u Note;secand.to prepayment charges due tu�da the � . `
<br /> NotC thjrd,toaraounts payable undtr psngraph 2;fourth,to inteaesc due;and last.ta principal due. �
<br /> � 4 �Lteu�. Bc�smwer stiaZl pap ail taFC�.as�ssrayPnt�,charges.fines and impasitions amibntabk to the
<br /> , PraQerty which may attain priority,over this Securiry Instrument, and leaacf�old payments or grannd rmts, if any_ . :-
<br /> 8orrnwet aliall Q�ty thes�obligatians in the manntr providod in paragtaph 2,or if not paid in that manner.Borroxer shalt �
<br /> paq them on time directly to the person awod payment.Borrower shall promptly fumish to Leudcr all notias of amounts � � •:
<br /> to be paid under this parsgnpb.iP Aonawer m�kes these paymcnts directly.Barrower shall promptly fumish to Lender' ;
<br /> � reoeipts evidencinE the paymmt,s. �
<br /> BarroMec�hsll promptly dis:.harge any lien which has priority over this Securicy lnstrument untess Borrower:(a) ,
<br /> a�ie writina to the payment of the obligation secuted by the tim in e manner acceptabtc to Lender:(b)contests in goad -+�
<br /> . , f�iib the lien by.ar deknds against enforcement of the lien in,l�!proceedings vKh�ch m the Lender'c opin��n aperatt to '''�
<br /> prevent the enforcement of the lien or forfeiture of any part of t�:Property;or(c)sec:res from the holder of the lien an ';
<br /> aaraement satisi'�etury to Lmder subordinatir�g the lim to this Seccrity Instrument.If Lender determines iP�at any part of ';
<br /> . the Ptoperty is subject to s tien which may attain prtarity over this Security lnstrument. Lertder may give Borrower a
<br /> notice idetuifyina the lien.Borrower shall satisfy the lcen ar take one ar mare ef the actinns set farth above within t0 days
<br /> oithe�Ivin j oinotice. .
<br /> S. Ha�aN I�aea�ce. Barrower shall keep the improve:ncnts naw eaisting or hereafter erecte0 on the Property
<br /> , ir►iured�aainst lou by fire.huuds includad wtthin ehe term••eatertdod coverage"and any other hazards for which l.ender �
<br /> reqwres insurar�ce. This insurance shall be rnsinia�ncd in the amounts and for the periads that i.ender requires. The
<br /> inwrar�ee earriet providina the insurnnce shall be chc�en by &�rrower cubject t� txr�der`s.approval whjch shall aot be �
<br /> unrca�onably w�ithheld. f .�i, -
<br /> All insaranee polieia and renewals shaU be acceptable t�Lender and shall include a standard mortgage cl�c�se. � '�
<br /> l,ender�haU hsve the ti�ht to hold the policies and«newais.If I..tnder requ�res.Bc�rrow•er shall promptly give to l.ender �
<br /> aU r�eceipts of psid Dremiums and renewal notices. ln the event nf toss,&�rrower shall g�ve prompt notict to the insurance
<br /> camier and Lender.I.ender msy make proof af loss�f riot made promptly by fic�rrnwer.
<br /> Unless Lender and I3orrower otherwise agree�n wnt�ng,�nsurance�t*oceeds shall tx applied to actoratian or npa�s
<br /> ottha l�roperty damaaed.iithe restorat�an or repa�r�s ecunom�caI:y feuible aad Ltnder s secunty�s nat tesxerd. If the
<br /> ratoration or repair is not econamicatly frasible ux Lender's secunty woald be lessertrd.the insur�nce proceeds shall be _._..._.__._. . _ _._ . ..
<br /> applied to the sums socured�y this Secunty Lnstrument,wi:ethcr nr nat then due.wiih pny eacess paid ta Barrowet.lf
<br /> Horrawu ab�ndan�the property.or does nat answer aitfi�n 3Q days a notire from Lender tha�the insur�nce caraer has
<br /> , o�etad to seltk a elaim.then i,endet may callect�he�nsurance pr�xeedg. t.ender may usc the proceeds ta repa�r or ratore
<br /> the Property or to psy sums secured by th��Secut�ty inctrument, whether or not�hen due. 7he�0-day peric�exill beg�n
<br /> � MAen the rotice is�iven.
<br /> Unku Lender and Barrowe�o�herwise agret�n wrtting,pny application��f prcKreds tu pr�ncipaJ shall nat extendar '.
<br /> posipq�e the due date of Ihe manthly paymtnts rcf'erred to in par�graphs 1 ar►d 2 ur rh�iike the ame�unt�f the payments.lf
<br /> undtr prraEraph 19 the propeny ts ncquire4 by L.ender.�formwe►'.s nght tn auy uitiurancc puhcces and prcxeeds resultmg .
<br /> � from d�maEe to the Property pnor tv thr acqwsniun shatl pass ta Lcrder tar the extent af the�.umv secured by thsv Scrunty •_- _— -
<br /> tnstrumrnl imtt'�ediatety prior ro ihe ncquis�tion. �
<br /> ' �`• •n"•�"'�`•::w::�+:Z.�ni�inc-c v�rroyere�Ti-,eisenotds. i�orrnu•et shnii nnt dectroy.�famagr or substant�ally
<br /> ell�nse the Propetty.allow'Ihe Prape�ty tv deterroratc or cumm�t w•astr If thu Securu}�Instrument is��n r� leaseh��ld. �
<br /> Bocrawer shall comply with the ptavisions of the feast,and�f fk,rrouer aryuire.fer t�tle ta the Pruperty,the tea�ehotd and
<br /> - te�:��esh��#�ri�f+�i���ucrie�L�•r e.%s�:�:Ii::R:r�,e:sr.�rmttg ' .
<br /> 7. protectia� o! t,�nQer's tiights in tAt Prope�ty; :�tnrt�e lasurance. If E:k�rrew•er fa�{s to perfarm the - �.
<br /> � eavenantsand agreementscanta�ned�n th�s 5ec:�nt� In�trurnent.c�r there��a legal prc+reedmg that may sigmficantly efiect
<br /> Lendet's nghts�n Ihe PQUperty(such ns a prc�cted�ag en hankruptcy. �robate, ft�r rundemnatre�n�u ��,rr�force lawr or
<br /> �eaWations�.�hen ltnc�e�may da and pay fc�r whatever is rrcce�sai.to prutecs ehe�ciiue c�F�he Property and Lender's nRhis ¢
<br /> , in the Prc±perty. i.ender't�ct�rns may inctudr ps}�ng auy cums serurcc� t�} a l�en which has ptiont► ��ver eh�s Secunty �
<br /> In3trufienE,appt�nng irE cuurt,pay�ng reac��nable attEUney�fteS and enlr�tr►g e�n she E'rr��ert}tn make t�p�its AHhvugh t�t`!�
<br /> [.et4de�may l�ke uctc�n undrt th�s paragraph'.Letider Qc�es r�i,t i�s.r tcFd4>s�� , �:
<br /> , Any arnnunts:fisl+urse�by i.enier�j�rdrr tl�r��•aragr:��h?�h3ii nr<<r;c ifi�'��[�r��:it�teE+t{}f 13��rre+?�ei setiu�ed�tr t�i�� v. °
<br /> secunty instrumet�l Unless B��trE+wer and I e�t�tfr�Frcr se•s�thnr termc rf ra�ine�:�,Ihe.0�tt�r+un(�.Itd)t hedl{�it�(Kt fft�tr: • '
<br /> tht date af d4sbursement �f! tht �ic�fe tatt anr: chat! hr T;tt�,+hir. uit'� ir�trre.t. :�i»��� n:�ti,e tr•rr+ I ei�der t+� Fi��r►e�Ne►
<br /> . requr,ting payment � � . .
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