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<br />i•NIIORMCti%1%%%1% HornnverandIeudeTctltenantan .t,lpter.nI,%Ilow, 89— 102717
<br />1, Payment of Principal and Interest; Prepayment and Late Chiirl;ev, Borrow :r .hall pnanpth pay %% I'M thiv
<br />the principal of and interest tin the debt cv tdenced by the Note and an% prepayntent and late charges due under the Note
<br />2. Funds for Taxes and Insurance. Subject toappIicabte bas of I,, a tvnIten a,mer by I ender. Iorrower 01-11111-1)
<br />to Lender tin the day monthly payment% are due under the Note. unitt Ili% Note t, paid tit fill!.;, suns ( "Fund. ") equal to
<br />one - twelfth of (al yearly taxes and a% %es%mcnts which may attaut priority .l%cr thi. Security Itistrunwill. (h) yearly
<br />leasehold payment% or ground rents on the Property, if guy, (c) y4arh hazard insuran,;c& premutilis. and (d) yearly
<br />mortgage insurance premiums, if any These items are called °%%crow itenis " Lender may estmiate the Fund%due on the
<br />basis of current data and reasonable estimates of future "crow items
<br />The Funds shall he held in an institution the deposit. or accouni%of %hi, h are insured or guaranteed by a federal or
<br />state agency (including Lender if Lender is such an institution) Lcndcr %hall apply the Funds to pay the escrow items.
<br />Lender may not charge for holding and applying the Funds. analyTing the account of verifying the escrow items. unless
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to maize such it charge. Borrower and
<br />Lender may agree in writing that interest %hall be paid on the Funds. Unless un agreement is made Or applicable law
<br />requires interest to be paid, Lender %hall not be required to pay Borrowet any interest or earnings on the Funds. Lender
<br />shall give to Borrower. without charge, an annual accounting 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 />this Security Instrument.
<br />If the amount of the Funds field by Lender, together with the future monthly payments of Fund% payable prior to
<br />the due date% of the %~crow itemm 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 ilt-M,luyer on monthly payment% of Funds. if the
<br />amount of the Funds held by Lender is not suffiactit to pay the escrow ifcms when due, Borrower shall pay to Lender any
<br />amoum ne.:c -scary to make up the dcfi'caency in one or more payment%.Is required by I nJor.
<br />Upon payment in full of all sums secured by this, Stvurity Instrument, Lender shall promptly refund to thifrower
<br />art$ Funds held by Lender. If under paragraph 11) the Property is .old or acquired hy" Lender. Lci der shall apprv- no later
<br />Shan immediately pnor•io the sale of the Property or its acquisition by i.ender, any Funds held by Lender at the time of•
<br />application as a credit against the sum%secured by this Security Instrument.
<br />3. Application of Payments. [rule%% applicable lay provides otherwise, all payments received by Lender under
<br />paragraph% 1 and 2 %hall he applied: first, to late charge% due under the Note: second, to prepay meni charges due under the
<br />Note; third, to amount% payable under paragraph 2, fourth, to interest due; and last. to principal (Inc.
<br />4. Charges; liens. Borrower %hall pay all taxes, assessments, charges, fines and impastlin71% attributahle to the
<br />Property which may attain priority ovcr this Smurty Instrument, and leasehold payments or e;round rents, if am.
<br />BorrOwer shall pay these ohliganon% in the manlier pro%idcd to paragraph 2, or if not paid tit that manner. Bortower shall
<br />pay them itin time directly to the person owed payment Borrower %hall promptly furnish to lender all notice of amountsi
<br />r,o be paid under this paragraph if Borrower makes these payment% directive Horrowcr ,hall protnplly furnish to Lender
<br />receipts. evidencing the payment.
<br />Borrower %hall promptly discharge any lie" which ha% priority o %er ihi% Security Instrument unless Borrower.
<br />atcra +Tr vii sting r.. the { aY crlt: i ii'r: iniit;niiirir icCiircti i - +j- iii% nctl iii n iliaa�atci aCiz•i*iztUlc "ta Lrnucr; ii:i:.%i�•r��i: %n g ltd - - --
<br />faith the lice, by • sir d.iNnd %,l aiW%i clif,itcincril ll llic lien ill. Ic b al { noLrctiir l Y awa in i t i.Cr: tt +.�pintt ill ti�R'.rait': iG t. _ `
<br />prevent the enforcement of the• hen fir forfeiturr,of ally part of the Property.. or tc)'st-cures from the holder of the lien an
<br />agreement satisfactory to Lender.uhordmating (he licit to this Security Instrument. if Lender detCrnxincs that any part of
<br />the Property is subject to a lien which may attain priority ovcr ilm Secunty Instrument, Lender ritav Bite Borrower a
<br />notice identifynig the lien Horrower.hall sati%f} the lien or take oneor morrof the action %%rt filrth ;dyo%e.arthYn 10days
<br />of the giving of notice 2
<br />S. Hazard insurance. Harrower shall keep the improvement% now existing or hereafter ho Property
<br />insured against lose by fire, hazard% Included withtrft the term "extended coittrage" and any other It:uaa,lti:li %ry r ii:'i Lender
<br />require% insurance. This insurance %hall he nimii6mcd tit the amounts and for the period,, that,[-crider requirfm The
<br />insurance carrier pro%iding the insurance shall! ".c. chosen by Harrower %t:hlect to Lcndcr'% approval which %hall not be
<br />unreasonably withheld s
<br />All insurance policies and renewals %VaOt be acceptable to Lender and %hall. im:lude a standard mortgage clause.
<br />Lender shall have the right to hold the policies snJ renewals If Lender require %. Borrower shall prism. ptly give to Lender
<br />all receipts t.f paid premium% and renewal nottccs'ln the %tent of loss. Bortower shall Ecii.e. prornpe III tnce t o t he insurance
<br />carrier and Lender Lender may make proof of loss if not made promptly by Borrower.
<br />l:trles% Lender and Borrow ere oillerwtse agree in w riling, insurance proceeds shat i he applityi io rot ninam t••r repair
<br />of the Property damaged, if the %catenation or repair is economically fea%ible and Lender'% %ccurlr}: is not 1*01'%(nial If the
<br />rc'stofalum or repaint -. tit ;r .rat ^r :;ally fea %ible or Lender'% %ecunty would he lessened, the in %unuitx: procc,Ws %hall he
<br />..upplicd 14) the sunis secured t1 -. `eras, Secunty instrument. %thether or noCilnen due. with any rxct_s.+ Bald to Borrower If
<br />Borrower ahandtlns the I7rilperty.,,; <`;�. Jogs not answer within ?fi bays r tui(it is fit m Lcndcr that the insurance carrier has
<br />offered to settle I, #.lim, then Leniiitr.nlay collect the insurance proceeds'' C`1nder may use the proceed• to repair to restore
<br />the Property or to pay sums wcured'hy this Security Instrument. whether or not therf, due The 30•day peru,d will begin
<br />whets the not ice I%gi%en
<br />I'nles.I envier and PorrA N%4 cr #-,I herN Ise agree Ili %,. riling. ant 4rpl it aiion tit proceed%to principal shall n4•1 a%ICI'd Iii
<br />postpone the due date of the monthly payment% referred to in paragraph,, I ,toll or t:flange the amount of the payment. If
<br />under paragraph iv the Property Is acquired by Lender. Borrower'% rig.hrio:an. In,urance pohcie•s and proceed% rc %ullmg
<br />from damage to the Property prier to ►he acquml11 in shall pass to Lender to.the extenI of the sum% %e, ureti by t hi% Security
<br />Instrument immediately prior to the acquisition
<br />6. Preservation and Maintenance of Property: Leaseholds. R4iri-6%ter shall not desti oy, damage ter %uh %tantially
<br />ehatige
<br />e Property. allow the Property to deteriorate rtr oinmit i%asie if this Security Instrument is on a leasehold•
<br />horrtfwer shall comply aith the protision%of the lease. and if Horrower acqunes fire tide to the Property. the Ira %%•hold and --
<br />fee title %hall not merge unle %% I ender agrees to the merger ill ariitng
<br />7. Protection of [sender's Rights in the Property: Mortgage Insurance. If 1}cirrttwer fall% i,1 perff•rin the
<br />u.t n;ult %and ac:reenienh -onrained In this Security lworunient. I if owre I,., Ice al pr-t'ceCtfirlt• th.tt rnat ,Ii'niht -11111% .ffit•,t
<br />I cn,lrr'% righ!% In the Propc►tt (such a% a pro,ec,{uig In hallkrurtty. pn'h,ltc•. for tnnticnineu,.rl to If cnft•rcr law. fir
<br />rcgul.it; ,%) •hen } erldct ol,lt domed r.i•. t,tr whatetci I% nt•,cs%ary tf• pttfte,t the %,t ic•.•t the l'n•(rrt, .tit,! I c:.,h•r , n,thf,
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<br />711 the I's••r -its Irnt }:r, .1_f:,•u, n,.1% ill,!udc retfrf;:.111. ,nttl, %ec„rt'J by .1 lien uhl,h 11.1, 1 • 1 nits• Sit. Inft oil
<br />n %rrurrrcnr. appe.irit•g :nt 'tire. l•.ttlIIe rt.1 .•n.fi )c tit -meet%' fnt%.mt.l •,i:tcrtnF .'n te Pr•.•rt•r n ti,f' r ;•r;l• tiff.,.It
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