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<br />Uivi>POltlrt Qovtarr�Nrs Borrower sad Lendercovetsutt and h+gtbe as follows: . -
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<br />1.. PtyarM of Pr MCW and httaettl; "Munn! sal Lde CJ1arpa.._° Borrower shall promptly pay when due
<br />the prhrpsl ofaitd imetYatonthedebtevidencedbytheNote and any prepayment and latecharges due underthe Note.
<br />Ftaaisfar°Tmcea rani B mraum - Subject toapplicable law or to a written waiver by Lender; Borrower shall pay,
<br />to Lender Pa the dry_ monthly payments are due under the Note, until the Note is paid in full, a sum, ('•Funds ") equal to
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<br />oo�o-twelft<h of (a) yearly taxes and assessments which may attain priority over this Security. Instrument, (b) yearly
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<br />- - reIIis -oar =ifie= - = g' an . {c) yr�ly -'i -- insu�c� ,�iur�; -seed {d) y�-ly�- -- - -
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<br />mortpge insurance premitutts► if say. These items are.called "escrow items." Lender may estimate the Funds due on the
<br />basisofcurrentdataand- ---- -a kestimatesoffutureescrowitems.
<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 agency (including Lender if I.eoder is such an untitution). Lender sbap . apply the Funds to pay the escrow items.
<br />' ,Leader may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br />Larder may agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br />requires interest to be paid, Lender shall not be required to pity Borrower any interest or earnings on the Funds. Lender
<br />sbaU give to Borrower, writhout charge, an annual aamunUng of the Funds showing credits and debits to the Funds and the
<br />..purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by,
<br />this3xutityiastrumeni. __... -. _ - _ -- -- .. _.. .
<br />If the amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to
<br />the due dates of the escrow items, shall exceed the amount required to pay the escrow items when due, the excess shall 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 Lender is not sufficient to pay the escrow items when due, Borrower shall pay to Lender any
<br />amount necessary to make up the deficiency in one 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 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 suns secured by this.Security Instrument.
<br />3.. Ay flicatina of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br />puaomphs 1 and 2 shall be applied: first, to late charges due under the Noe second, to prepayment charges'due under the
<br />Note; third, to amounts payable under paragraph 2, fourth, to interest due; and last, to principal due. .
<br />4. Ckarges; Lien. 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 shall 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 owed payment. Borrower shall promptly furnish to Lender 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.whieh has priority over this Security Instrument unless Borrower: (a)
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<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, Segal 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) 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. Hared Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
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<br />insured against loss by fire, hazards included within the term "extended coverage" 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 carrier providing the insurance shall be chosen by Borrower subject to 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
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<br />carrier 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
<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
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<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 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 1 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 passe to Lender to the extent of the sums secured by this Security
<br />Instrument immediately prior to the acquisition.
<br />. �6. prese -Milon and �+!t•n+*_noe of Proverty; Leaseholds. H!+rrnwer shalt ante destroy, damage or substantially
<br />change the Property, allow the Property to deteriorate or commit waste. If this Security Instrument is on a leasehold.
<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 not merge unless Lender agrees to the merger in writing.
<br />- 7. Protectliis of Lender's Rkhts In the Property; Mortgage Insurance. If laorrottver fails to perform the
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<br />' covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly affect
<br />.Lender's rights in the Property (such as a proceeding in bankruptcy, probate. for condemnation or to enforce laws or
<br />Property lender's rights
<br />regulations), then Lender may do and pay for whatever is necessary to protect the value of the and
<br />in the Property. Lender's actions may include paying any sums secured by a lien which has priority Aiver this Security
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<br />Instrument, appearing in court, paying reasonable attorneys fees and entering on the Property to make repairs. Although
<br />Lender may take action under this paragraph 7. Lender does not have to do so.
<br />Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by t lii -
<br />Security Instrument. Unless Borrower and Lender agree to other terms of payment, these atnou nts shall bear interest front
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<br />the date of disbursement at the Note rate and shall be payable, with interest. upon notice front lender to Borrower
<br />requesting payment.
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