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z -- - = - - �F - UlY11P "CovEPtpm ` ftsosrerand Ltmdercmett'ent and Sane a3 follows: '90 104860 i.. RM> "W er iPt Will inswwl; Pia aaat sad Lsk Ckrlp. Boi roower shall.proulptly pay when due tine principal of and interest an the debt evidenced try the Note and any prepayment and late charges due wider the Note. Z. Ir=& AteTa:ea and iaastrance. Subject to appliabLe law or to a written waiver by Lerida. Borro er shall Pay ' to Lender tan the day monthly payments are due under the Notei until the Note is paid in full, a sttm ( "Funds') equal to ome -twelfth of: (a) yady taws and ass�a�tts which may`attain priority over this Security Instrument; (b) yearly iat�ebbld - or ran on the PnWrty, if arty; (c) yearly hasard insurance premiums:. and (d) yeafty Ptl !ice - - - — iniortpge insurance ptttimjuensi, if at ny. There items sae caned "escrow itenss'" ender may estimate the Funds due am she ` bwisofcurrattdaaandr+ �onabieaainiaaaoffutanesctrowitems. " Mw Funds shall bebeld in an institution thedbposiits oraceountsof which are insured or guaranteed by afedend or ' state any (including I.essder if Lender is such an institution). Lender shall apply the Funds to pay the escrow items. Loader may not tuW feat holding and applying tine Funds, andyiing the account or v'mfyina the escrow items; unless i.etader Ms Borrower interest on the Funds and applicable law permits Leda to make such a charge. Borrower and Leander m y Agree .in.writiag that interest shall be paid on the Ftmd& iSn" im- agreement is made or applk4Ne law . requires interest to be paid. Lender shall not be regtured to pay Borrower any interest or arnings on the Funds. Lender .. i slsati give to Borrower, without charge, an annual accounting cif the Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds wis made. The Funds are pledged as additional security for the aunts secured by tbia Security Instrument. If the pnount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to Ilse due datesof the escrow -items. shall exceed the amount requited to pay the escIow items when due. the V a ess shall bc. at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the ' amount of the Funds held by ixnder is not sufficient to pay the escrow items when due. Borrower shall pay to Lender any amount ntxesssry io makeup the deficiency in one or more payments as required by Lender. Upon payment in full of all slims secured by this Security Instrument, Lender shall promptly refund to Borrower any Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender, Lender shall apply. no later than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of application ai a credit against the sums secured by this Security instrutttent. 3. Application of Payaaeetr. Unless applicable law provides otherwise, 41 payments received by Lender under paragraphs land 2 shall be applied: first. to late charges due under the Note; second, to prepayment charges due under the Note-, thud, to amounts payable under paragraph 2; fourth, to interest due, and last. to principal due. i C Charges; L.iex& Borrower shall pay all taxe% assessments. charges, fines and impositions attributable to the Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any. Borrower shall pay these obligations in the manner provided in paragraph 2, or if not paid in that manner. Borrower shall pay them on time directly to the person owed payment- Borrower shall promptly furnish to Lender all notices of amounts to be paid under this paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish to Lender receipts evidencing the payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, (b) contests in good - faith the lien by. or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the enforcement of the lien or forfeiture of any part of the Property; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security instrument. if Lender determines that any part of the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a ' notice identifying the lien. Borrower shall satisfy the lien or take one or more of Cite actions set Forth above within 10 days ' of the giving of notice. i S. Hazard insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire. hazards included within the term "extended coverage" and any other hazards for which Lender f requires insurance. This insurance shall be maintained to the amounts and for the periods that Lender requires. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender c approval which shall not be unreasonably withheld. All insurance policies and renewals shall be acceptable to lender and shall include a standard mortgage elapse. Lender shall have the right to hold the policies and renewals.-If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. In the event of loss. Borrower shall give prompt notice to the insurance carrier and Lender. Lander may make proofof loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree to writing, insurance proceeds shall he applied to restoration or repair of the Property damaged. if the restoration or repair is economically feasible and Lender's security is not lessened. If the i restoration or repair is not economically feasible or Lender's security would be lessened. the insurance proceeds shall he applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. If Borrower abandons the Property. or does not answer within 30 days a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may collect the insurance proceeds. lender may use the proceeds to repair or restore the Property or to pay sums secured by this Security Instrument, whether or lint then due. The 30 -day periml will begin.._. when the notice is given. • Unless Lender and Borrower otherwise agree in %riting, any application (.if 11rc>Leeds to principal shalt not extend or postpone the due date of the monthly payments referred to to paragraphs 1 and 2 or change the amount of the payment%. If under paragraph 19 the Property is acquired by Lender, Borrowers right to anti insurance policies and proceeds resulting from damage to thePropertp prior to the acquisition shall pass to Lender to the e> tent of the sums secured by t his Security instrument immediately prior to the acquisition. 6. Preservation and Maintenance of Property; Leaseholds.. Borrower shall not destroy-, damage or substantially change the Property. allow the Property to deteriorate or commit waste. If this Secunry Instrument is on a lcart:hold. Borrower shalt comply with the provistonc of the lease, and if Borrower acquire~ fee title to t t)te Property. the leasehold and fee title shall not merge unless Lender agreps.io tl_ merger to writing. 7. Protection of Lender's Nights in the Property; Mortgajte insurance. If ilormwcr ful% to prrfian; the covenants and agreements contained in this Security Instrument. or there rs a legal procecclnir. that may sign►ftcantly affect Lender's, rights in the Property (such as.a proceeding tai bankruptcy, probate, for condemnation tit to enforce laws or rc�ulatiur. ). then Lender may do and pay for whatever is ndcv sar y io protect tf:e s st :se tit the pf coyly atild f .°mite[ c rigrac. in the Property. Lender's actions may include paying any sums secured by a lien uhit:l1 his ptatruy over 11115 Security Instrument. appearing in court, paying reasonable attorneys' fees and entering ern ihu Properry rte make repairs Although Lender may takeaction under this paragraph 7. Lender does not tease todo* so. I l Anv amounts disbursed by Lender under this paragraph 7 shall became additional dehi of lfotro►scr set ured by this Security Instrument. unless iiotrower at.d Lender agree to other tennsof payinent. t Buse arnounts shall bear nitcrest f r oil) the date of disbursedtent at the Note rate and shall he payable, with intctea. upon n011Le tn1111 1 ender r., liorrowcr requesting payment. in i P6 W