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<br />IYU- - 404887
<br />UNtMM COVMAMS. , Borrower std Lender covenant and agree as fallows:
<br />' 1. ?"W" of Prig W stns' Ialua * Pr" "W" tad Lde E�esgea. - Borrower shall promptly pay when due
<br />the pt�tidipal of antd interest an thedebt evidenced by the Mote and any Prepayment and late charges due under the Note.
<br />2. >f!tttM� hotrTattaa tttatd Ia�tiesfteteer Subject'to applicable law or to a written waiver by Lender, Borrower shali.pay
<br />- _ - - -.- – - to Lender an the day aotothly payments are due under the Note; until the (Vote is i in fall, a stem ( "Funds ") equal to '
<br />vw--M" d (a) yt;:rly ta'r's and aces ments wWh may attain priority over this Security Instrument; •(b);yeady
<br />leftaehobd plyttaatts of ground relnts on the" Property, if any; .(c) yearly billiard insurance premium, and
<br />P �" (d) yestly
<br />aaartapow iasuraace pttmtiium% if Y. Tltt�e items are called "escrow items." Lender may estimate the Funds due on the
<br />boob of currteat data and f, estimates of futureescrow items.
<br />lie Farads shall be be w is an institution the deposits or accounts of which areinsured or guaranieexi by a federal or ,
<br />1. taste lempy (irdltidroR Lender if Lender is sorb amittstitutiooj Lender shall apply the Funds to pry the escrow items.
<br />Ltmder
<br />may nett charge for balding a�sd appbyring time Fonds, analyzing the account? or verifying the escrow items, artless
<br />pay's $osrcw-ee intet'rst M the }wait and applicable law pertnits L to tike stk h a rbarge. Borrower and
<br />(,ender day agtree sin 'salting that interest shall be paid on the Funds., Unless an agreement is made 'or applicable �w
<br />-- - regteirea mtsrat to be paid, h ender` shall riot be required to pay Borrower any interest or earnings on the Funds. Lender : `-
<br />aiall pre to Botritiweir,without charge, an annual accounting of the Fundsshowing credits and debits torthe Funds and the
<br />purpose fot which each debit to the Funds was made The Fundsare pledged as additional security for the sums secured by
<br />this Secaritg Itt er"sc tt.
<br />If the atnortest of the Funds held by Lender, together with the future monthly payments of Funds payable prior to
<br />the due dates of the escrow item shall exceed the amount required to pay the escrow items when due, the excess shalt be,
<br />At Borrower's option„ either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />amount of the Funds held by Lendet is not sufficient to pay the escrow items when due, Borrower shall pay to. Lender any
<br />amount-necessary to matte up the deficiency in o(te or more payments as required by Lender.
<br />Upon,payment in full of all sums secured by this Security Instrument. Lender shall promptly refund to Borrower
<br />any Funds htdd by Lender. Iftntder paragraph 19 the Property is sold or acquired: by Lender, Lender shall apply,; no later
<br />ihan immediately prior to the sale of the Property or its acquisition by lender. any funds held by Lender at the time of
<br />application as a credit against the sums secured by this Security instrument
<br />3. Agpliesdoa of Paymests. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragapls~ I and 2 shall br. spill H,,:' first, to late charges duc under the Note: secomL m P> ePt►Ymentcttarges ids a derthe
<br />Note; third, to amounts payable under paragraph 2: fourth. to interest due, and last, to principal due. <
<br />4. CbKO I.ieat. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br />Property which may attain priority. over this Security Instrument, and Leasehold payments or ground rents, if any.
<br />Borrower shalt pay these obligations in the manner provided in paragraph 2, or if not paid in that manner. Borrower shall
<br />pay them on time directly to the person nwed. payment. Borrower she'll promptly furnish to Lender all notices of amounts,
<br />to be paid under this paragraph. If Borrower makers these payments directly. Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments.
<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 the lien in, legal proceedings which in the Lender's opinion operate to
<br />prevegt 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 Lender subordinating the lien to this Security 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. Borrower shall satisfy the lien or take one or more,of the actions set forth above within 10 days
<br />of the giving of notice.
<br />S, Ha:ari Ineattraaee. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the term "extended coverage ' and any other hazardi for which Lender
<br />requires 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 Borrower subject to Lender's approval which shall not be
<br />unressmbly 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, Rorrower shall give prompt notice to the insurance
<br />carrier and Leader. Lender may make proof of loss if not made promptly by Borrower.
<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 or repair is not economically 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 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 repair or restore
<br />the Property or to pay sums secured by this Security Instrument, whether or not then due. The 3&day period will begin
<br />when the notice is given.
<br />Unless Lender and Borrower otherwise agree to writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs t and 2 or change the amount of the payments. If
<br />under paragraph 19 the Property is acquired by Lender. Borrower's right to any insurance policies and proceeds 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. I'reaewatacm aaO Alalnteteaace of ProOeny: j t aseholds. Borrower shall not destroy. damage or . substantially
<br />change the Property. allow the Property to deteriorate er commit waste. if this security Instrument rs
<br />on a leasehold.
<br />Borrower shall compl with the provisions iof the tease;: and if Burrower acquires fee title to the Property, the leasehold and
<br />fee title shall not merge unless hender.agrees to the merger in writing.
<br />7. Protfttioa of Leader's Rights in the Protttrty: hlortgasre In.nnecg-_ If Rntmurr f?tls er {� *.l±e
<br />"Mernan'13 dsigretmerits contained in this Security instrunent, or there m a legal r-n :eedrng that ma; stFni :artily ad :t
<br />Lender's rights in the Property, (such as a proceeding in bankruptcy, probate. for condemnation or to enforce laws or
<br />regulations). then Lender may 'doand pay for wttatcvcr isnecessary to protect the ,alue of the Property and Lender's rights
<br />in the Property. Lender's actions may include paying any sums secured by a licit which has pritsnty 0% el this Security
<br />Instrument. appearing its court, paying reawnable attr+meyc' fces.aitd entering on the Property to make repairs Although
<br />Lender may take action under this paragraph 7. Lender does, not have'to do sit
<br />Any antnunts disbursed by Lender under this paragraph 7 shall bceonte additional debt of dfvtrowcr sc6; ured h} tint
<br />Security Insttuntent- Unless I3nrrowerand L_endcr agrcett, ether ternik of papntrot. th= seamcjunts shall K 3r tnrcrrse front.
<br />the date of dtabtursenict►i at the Nate rate and shall, he ravahle. ' ►cth upr-r notice f oni b order it- lf,•rrowcr
<br />requesting payment .
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