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r I 89-- Vtil) (W t111 t \ q\ 1 \ Borrower and 1. ender ►•ovenant and agrcr ss t,olh,w% 102605 1, Payment of Principal and Interest; Prepayment and i.ate 6arkc%. Hrarower shall prompth pa% when 61l1C the principal ,+f,uul u►tcrest tar the debt c►ulencc►i by the `otc and any prepay inenI and late charges dtic under the Note 2. Mundt for faxes and Insurance. Subject to applicable lal% or to a written waiv er by I curler, Horrnv cr shall pay to I ender till the day monthly pal, ment% are due under the Note. unit I ttic Note t% paid in full, ,r sum ( "1=ull&-il equal It) onc- melfth of (a) yearly• taxes and assessments which may attain priority over tills Security Instrument; IN yearly leasehold payments or ground rents on the Property, if any; le) ycarly harard insurance premiums; and (dt yearly mortgage insurance premiums, if any These items are called "es-crow items." Lender may estimate the Funds due on the balls of current data and reasonable estimates of future escrow item%. The Funds shall he held in an Institution the deposits or accounts (-if which are insure or guaranteed by a federal or state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items. Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender may agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law requires interest to be paid. Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds showing credit% and debits to the Funds and-the purpose for which each debit to the Funds was made The Funds are pledged as addirromil ►trinity for the sums secured by thisS:curity Instrument. If the amount of the Funds held by Lender, together with the future monthly paymcw -a of 1FzLr. is r..Ktable prior to the due dates of the escrow items, shall exceed the amount required to pay the escrow items %hear due. the excess shall he- 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 Lender 1% not %uf6cient to pay the escrow items when due. Borrower shall pay. to Lender any amount necessary to make up the deficiency in one or more payments a% required by Lender. Upon payment in full (if a;l sums secured by this Security Instrument, lender shall promptly rcilw7d to Borrower any hw ds held by lender. If µtided paragraph 19 the Property t% sold or acquired by Lender. Lender shall, apply, no later than immediately prior to the sae q 0' the Property or its acqutsituin by Lender, any Funds held by lender at the time of application as a credit against the sums serur%d h% this Security Inst: umeni. 3. Application of Payments. Unless applicable law provides rtherw•ise, all payments received by Lender under paragraphs 1 and 2 shall he applied: first, to late charges due under the time, second, to prepayment charges due under the Note; third, to amounts payable under paragraph 2; fourth, to interest due; and lust. to principal due. 4, Charges; Liens, Borrower shall pay all taxes, as%c%smcnt*i. charg tines and impositions atinbutable to the Property which may all prionty over this Security In%trumeap,. wid, lt�a%ehold payments or ground rests, if avN. Borrower shall. pa_y these obligations in the manner provided in paragraph =. or if not paid to that manner. Btsrrowcr shall Pay thent.on t :cite di'Tectly to the person owed payment Borrower shall promptl'a furnish to Lender all notices of amounts to he ptaul, under this paragraph. If Borrower makes these payments directly, Harrower shall promptly furnish to Lender receipts ev idencing the payments. Borrower shall promptly discharge any hen which has priority aver this Security Instrument unless Borrower. (a) agrees in %riling to the payment of the obligation secured by the lien in a manner acceptable to Lender; (M contests in goorl faith the lien by, or defends against enforcement of the lien in. legal proceedings which tut tha- l es der•s epinic,n s•; Arxte t� present the enforcement of the lien or forfeiture of any part of tilt Property, or (c) secure% from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any Dart elf the Property is subject to a lien which msv attain pnonty over this Security Instrument, Lcnder may gtve Borrower a notice identifying the lien. Borrower shall san%fy the hen or take one or more of the actions set ti *rth above within 10 days of the gr%Ing of nw,ice. S. Hawd Insurance. Borrower shalt ktwp the unpro%cments now ex,%tutg; or hereafter erected the Property msuredagainst lass by fire, hazards Included wivhin:rte:Eerm "e+sten&- dcovcrage".arrd -any t tiler¢:wardsfor•which Lender requires insurance.. This insurance shall be maintaiiied in rite alttc�t;:ct% and for the period., rhat Lcnder requires. The insurance carrier.,providmg the insurance %halk he chosen .hy BorrotiCr subject to lender's approval which shall not be unreasonably withkield All insurance policies and renewals shalt tae acceptable to Lender and shall include a standard mocagage clause. Lender shall have the right to hold.. the ptdtete% and rer- :A-41% If Lender requires. Borrower shall promptl% give to Lender all receipts of paid premiums and renewal ttQui es. In the event of kvsti.. Borrower shall give prompt notice to the lhsuran:e carrier and Lender Lender may make proof of loss if not made pronlp6t by Borrower unless Lender and Borrower otherwise agree in +ar:.tang, in izurar+ce proceeds shall he applied to re%tc•rati4 v err repair of the Property damaged, if the restoration or repair is coonomica;ly feasible and Lender's security is not ItN %erred If the reszmanion or repair I% not economically feasible or Len4er'c security %% ould be lessened. the insurance proceeds %hall be at p` (rd- to the sums secured by this Secunt% Instrument, whether of not then due, %rill am excess paid to Borrower. If Berrew .r ahandons the Property, or does not answer with:n ?Q waves a notice from Lender that the insurance carrier has offered to settle a slain, then lender may collect the ir�t:cancc proceeds. Lender may use the prt Beds to repair or restore the Property or it, pity sums ,secured by this Securtty Inv."iment, whether or not then due. The +tl -ds:. gsertr�d will begin when the notice 1%grvcn Unless Lertd er, arrd Btirmwer otherwise agree In vt•rutng, am application of proceeds to prin,;:tpal %YyalY not extend o•r postpone the due d,3pt•• +f "the monthly payments refcrrci to it, paracrap.h% i and 2 or chance the:.a.u-aount of the payment~_ FE' under patagraph 14 the Property I,, acquired by Lender, &,%rower's right to any insurance politic +and proceeds resu:t:t:az from damage to the Property prior to the acquisition %hall lass it-, Lender to the extent of the sus!i% secured by this Sccu -I' v Instrument immediately prior to the acquisition 6. Preservation and Maintenance of Property; Leaseholds. Borrower %hall mot destroy, damage or %ub%tant►alty change the Property, allow the Proper,% to d teriorate or commit waste If this Security Instrument r% on is leasehold. Borrower shall cornpl% with the preplsions of the Ieasr. and if Borrower acquires tic title to the Property. the leasehold and fee title %hall not merge unless lender agrees to the merger to writing 7. Protection of Lender's RiRhis in the Property: Mortgage Insurance. It Borrower fall% to perform the ttovcnants:n,d agreements contained rsr this Security Instrument. or there i% s legal pr,•,rrtltni• that may ,Igtiiti, .anily affcrt 1 ender'% right% re the Property (such a% a procced' ing in hankruptcy. prob,oc for , o,,detrutatrr•n .,r to c•nfo►cc law% or regulattowo, then Lender Ina% doand p.ty for %hate %ct I% necessary to protect the ,. aluc of the f'rnp nv anal ! t•nrler's r,lrht% in the• Property lender's atrh +n% tnay Inc•lutle paving sir sum %s•:utcd l +% •, hen w Ill, h h,,% priority :t1, Iiit% `ecinm In%trument. appearing lit court. payrnr sea %,on,rhlc atn•rtreys' fee %.rid cutenn� on the 1'soperh a,• rn.I{ c r. 1•.ur" lithos} h I.t ndt•t rn.Iy eel r.ectu,n under tins pAr,tf:rap}, 1 ender doe-, not ha%c to 1,io 7n, er1+a,•untN6h%hrar%t:dh► 1 en(ict unticr rho%psrsF:r.rl iI 'sh,tl: t>t,on+r,r, }.irtt.•u,Ii d,l t. ! It• :r .t• r rat ht �hi� Set lint'. Ir:.t: untrra l rile%% N,-trowel and l t n, let .1,t'ire If, Who ttrr.% • •! 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