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- - 90--mi. 104968
<br />_ - Uhnaottst COMAMS Borrower snd # C$&r covenant and agree as foflows:
<br />- - 1 -- fit aad'3�pnq Prep>tgas�t s>si g gait �argerr. Hemmer shall prodipdy Pay when due
<br />- true principal of and iatetest on the debt evidenced by the Note and any prepayment . and late charges due under the Note.
<br />2:- lEiiilt ?lupass llwrasca. Subject toapplickWe law ortoawrritten waiver byLiciider , Borrower $hall�r.
<br />to ii ceder on the`day monthly payments are due under the Note; until the-Note-is paid m fW}. a sum ("Funds") equal to .
<br />aae-twielft of-,(0-yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly
<br />`payments
<br />leaaelwid or ground' ,rats on 'the Property; if any; (c) yearly hazard insurance premiums; • and (d) yearly
<br />-- t /e b ra me F=dO as, if nay = Thee ite ns are called . tsoroty items." Lender may estimate the Funds due on the
<br />boisoftatrinsi dosaand �estimsa tea offutureescrow items.
<br />lire Fttai k shall be to as institution the deposits or accounts of which am insured or guaranteed by s federal or
<br />ttettae a�#Cy (ineltstiirrg Leader if Lender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />l Leader May scot charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless
<br />Al Lender pays Borrower interest on the Funds and spokabie law permits Lender to make spch s charge. Borrower and
<br />'Leather may spa its- writing that interest shall be paid on the-Funds. Unless an agreement is nude or applicable law' .
<br />legal►, ismirest to be paid, Leader shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shelf give w Bor1owa, without cites as annual accounting of the Funds showing credits and debits to the funds and the.
<br />pltrpoie for which each debit to the Funds was trade The Funds are pledged as additional security for the sums secured by
<br />' tltiiSOcaarityhtattttanent.
<br />If tie amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to .
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<br />the doe data of the escrow iteaas, stall exceed the amount required to pay the escrow items when due, the excess shall be,
<br />M Hoerorner's option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />ainotmt of the Fonds held by Lender is not sufficient to pay the escrow items when due, Borrower shall pay to Lender any
<br />atwomt necessary to mire tip thedelfeiency in one or more payments as required by Lender. -
<br />Upon payment id full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower
<br />arty Fords held.by Lender. 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 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 Application of PsymOts.. Unless applicable law provides otherwise. all payments received by Lender tinder
<br />paragraphs l and 2 shall be applied: first, to late charges due under the Note; second, to prepayment charges due under the
<br />Mote; third, tb amounts payable under paragraph 2; fourth, to interest due, and last, to principal due.
<br />6: Clivo ;Lim. Borrower shall pay all taxe% assessments, charges, fines and impositions attributable to the
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<br />Property wrhich may attain priority, over this Security Instrument. and leasehold payments or ground rents, if any.
<br />Borrower shall pay then: obligations in the manner provided in paragraph 2, or if not paid in that manner, Borrower shall
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<br />pay them on time directly to the person owed payment. Borrower shall promptly famish to Leader all notices of amounts
<br />to be paid under this paragraph. If Borrower makes 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 is 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 />prevent the enforcement of the lien or forfeiture of any part of the Property; or (c) sec.:res from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the tier. to this Security Instrument, If Lender determines that any part of
<br />the Property is subject to alien 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. 11sasrd I■saraaee. Borrower shall keep the improvements now existing or hereafter erected or, the Property
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<br />insured ap hstlass by lire, hazards- included within the tc.-m "extended cuvcruge ' and any other hazards for which Lender
<br />requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The
<br />insurance carries providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be
<br />tmreaaonabty.witliheld.
<br />All insurance policies and renewals shall be acceptable to Lender abd shall include a standard mortgage clause.
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<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 />. carrier and Lender, Under- 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 />*9f the PropWy 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 at 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 30-day period will begin
<br />when the twice 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 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. Prgenstion and Maintenance of ProaerW.- Leaseholds, 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 leasehold,
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<br />Iltrrro— 'A wti, j.iy ivAl- it prVVlSrons of the base: am3 if BQirower as quires i'er title to; the Prri eny, the, leasehold arid
<br />fee title shall not merge unless Lender agrees to the merger in writing.
<br />. 7. Protee(ioa 6t Leabees Rights In the Property; Mortgage insurance. If Borrower falls to perform the
<br />covenants and agreements contained in this Security Instrument, or there rs a legal proceeding that may significantly affect
<br />Lenders rights in the Property (such as a proceeding in bankruptcy, probate. for condemnation or to enforce laws or
<br />regulations), then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights
<br />in the Property. Lender's actions may include paying any sums secured by a hen which has pnonty_ over this Security
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<br />Instrument. appearing.in court, paying reasonable attorneys•' fees and entering on the.Property it, make repairs. Although
<br />Lender may take action under this paragraph 7. Lender does not have to dust+
<br />Any amounts disbursed by Lender under this. paragraph 7 shall become additional debt of Borrower secured by this
<br />Security instrument. Unless Borrower and Lender agree to other terns' of payment, these amounts shall bear rntetest from
<br />the date of disbursement at the Note rate and shall.he pavahte, with 4nat�f�t, upon.notlCe frE�m..LCnfi[r f.� :1tE7(rnwer
<br />requesting payment.
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