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<br />89- -102739
<br />t•NiF*ott%i Cu t% \ t\ f,. Itorro%%er and I. ender r:o %cn art I itnit ai!rve a %h+Ilo %►.
<br />1. Payment of Principal and interest; Prepayment and late Charges. Borrower shall proniptly pay w hen due
<br />the principal of and interest till the debt ey idenced by the Note and an} prepay ntcnt and L+te rhargc .due under Ole Note
<br />2. Funds for Taxes and Insurance. Suh)ect to applicable law ur to a w ntten w at%rr by Lender. Borrowcr .hall pa}
<br />to Lender on the day monthly payment% are due under the Noic, until the Note is paid in full, a %uni ("Fund:') equal to
<br />one - twelfth of (a) yearly taxe% and a%%essmotts which may attain prionq mer ihi% Srcunty In %trument, (hi yearly
<br />Ieaschold payments or ground tent♦ on the Priperty, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortgage insurance premiums, if any. These items are called "escrow Items " Lender may c%tintate the Fund% due on the
<br />basis of current data and reaminable estimates of future• escrow items
<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 Lender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Lender 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 />Lender may agree to writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br />requires interest to be paid, Lender %hall not be required to pay Borrower any mter%t or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credit% and debits to the Funds and the
<br />purpose for which each dob'a to the Funds was made. The Fund,. are pledged a% additional security for the slums Secured by
<br />this Security Instrument.
<br />If the amount. 6f the Funds held by Lender, together with the future monthly payments of Funds pa}ahle prior to
<br />the due dates of the escrow items, shall exceed the amount required to pay the escrow items when dm t. the excess shall tic.
<br />at Borrower's option, either promptly repaid ro Borrower or credited to Borrower on monthly payments of Funds. if the
<br />amovii:ot the Funds held by Lender is not %uffictent to pay the escrow items when due. Borrow•crshall pay to Lender any
<br />amount: T&cce;issry to make up the deficiency in one or more pay merits as required by Lender.
<br />Upon payment in full of all %um% secured by this Security In %trument, Lender shall promptly refund tr Borrower
<br />any Funds held joy. Lander. if under paragrapli 19 the Property is sold or acquired by Lender, lender shall apply, no later
<br />than immediately pnot to the sale of the Prtop rty or its acqui,.ition bt Lender, airy Funds held by Lender at the time of
<br />application as a credit against the sum%secured by this Security In%trun+eus.
<br />3. Application of Payments. U nle%% applicable law p,ovidc% otherwise, ail payments received by Lender tinder
<br />paragraphs I and 2 shall he applied.- first. to late charges due under the ~tits,%; second, to prepayment charges due under the
<br />Note. third, to amounts payable under paragraph 2. fourth, to interest ehie. and last, to principal due.
<br />4. Cbwgts; Lion. Bor ro%ser.sha- l.fay all taxes, assessmems, eharge%, fines and impositions attributable to the
<br />Property which may attain prtsmiS,oiet'this Security Instrument. and leasehold payments (it ground rents, if any.
<br />Borrower shall pay these obltgat%ows ;n the manner proWed in paragraph 2. ter if not paid ui that manner. Dormwer 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 thi% paragraph If Borrower makes these payments directly. Borrower shall promptly furnish to lender
<br />receipts evidencing the pay meni%. t
<br />Borrower shall promptly discharge an y hen which has priority oiler 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) CIL ntest% in good
<br />With lien t .J.. ,.. C 1.c 1 legal .a ...4t...M the 8 v o _
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<br />prevent the enforcement of the hers or forteiture of any part of the Property: or (c) secures from the holder of the lien an
<br />ugrcenicrtt:ati, factory to L ceder %ut- irdirwing !hr h•Ln to this Cer,+nt }• Instrument. If Lender determines that any part of
<br />the Property is subject to a lien which may.artain priority over this Security Instrument, Lender may give Borrower a
<br />notice identifying the lien Borrower .hall %au—sty the licit or take one or more of the actiom set forth abo%e %vrthin 10 days
<br />of the t iv mg of notwe.
<br />5. Hazard Insurance. Borrower %hiA9 keep the unpro%ernent% 111114 existini or hereafter erected (in the Prorerty -
<br />insured against kiss Cry tire, hazard% included acat -him the term "extended % ( crage" and any other hazards for which lender �
<br />requires insurance. "This insurance shall he -maintained in the amounts and for the periods that Lender requires. The �
<br />insurance carrier providing the insurance shall he chosen by Borrower. subject to Lender's approval which shall not he
<br />unreasonably withheld
<br />All insurance policies and renewals shall be acceptable to Lender and %h a , include a standard mortgage clause.
<br />Lender shall have the right to hold the policies and renewals. If Lender require%. Borrower shall promptly give to Lender
<br />all receipts of paid premiums and renewal notices. In the event of loss,. korrower shall gi%e prompt notice to the insurance .r
<br />carrier and Lender. Lender may make proof of loss if not made prompiC by Borrower
<br />A
<br />G! atiess Lender and Borrower otherwise agree in writing. insurance proceeds shall he applied to re%tora,tton or repair
<br />of the Pr ,perry damaged, if the restoration or repair i% economically feasible and L.ender'% security is not ".ec,.ened. If the
<br />restoration on' .cepa - is not economically feasible or 1 ender'% %ccurit% would he lessened, the insurance pre%:,:cds shalt t<e
<br />applied to the alms secured by this Security. Instrument. whether or not then due, with any excess paid to Borrower. If
<br />Aorro.azz abandon% the Property, or does c¢c *answer within ;O da}% a notice from Lender that the insurance carrier has
<br />offered tcl switie it claim, then Lender ma} t<,l';;s the insurance proceeds. Lender rrt_iy use the proceeds to repjrr or restore
<br />the Property or to pay %um% sec:.rol ON. ohs. Su arty la�,erunient. whether or r; ",f th,n due. The 10 -day period will begin
<br />when the notice i%gi%cn
<br />l.'nic%% Lender and Borrower otheryvm agree in writing. an-l. ar ikvation of; Iroceed% in principal shall not extend ar
<br />postpone the dote dare of the mrmthly paymirnrs referred to in parer :3r.j % j and ' yr J.:: ^ac the amount of the payments: fC
<br />under paragraph 19 the Property is acqutr�-T 6% Lender, �rr.�wcr'.: :gilt to an) policic%and proceeds resulting
<br />from damage to the Property prior tai the us, ix otion %hal :'.;tares to I ender to the e.."Ient of the %am% %ecured h} this Securely
<br />instrument immediately prior to the acquisaw.n.
<br />6. Preservation and Maintenance of 6'ioperl ; leaseholds_ fi.,rrowc r %hall not dotro . damage or %uh%tantialty
<br />change the Property, alto%% the Property to deteriorate or commit t;v„;ste. If this Security in %irurnc•nt is ori" a Ieawhold.
<br />Borrower shall comph with the pro%ision%of the lea %e. and if Borrower acquire% fee title to the Property. the Icawhuld and -
<br />fee title shall not merge unless 1 ender agree% to the merger in w rit+ng.
<br />7. Protection ref Lender's nights in the Property; Mortgage Insurance. If Iiorrr-wcr tails t(- perform the
<br />co%cnantsand agteements,onlaiiicd in thi%lccurity Instrument. or there i%a leg.il proceeding that mail -igmfiran1I) itfft:L1
<br />I.cnder'% right% in the Property (wch ,o..i pcorceding in hankrupi.y, prohate. for , ondcrnnanon or to enforce law% or
<br />reRulatie,n %!.then 1 ruder email de and pay for u hair %cr n necessary w, protect the %.title of ttic Property .ind 1 ender' %right%
<br />in the Property 1 ender.% . k noii% rna% inchide p.nuig arty stint% ,ccurcd by a lien which has priority mer tilt% Sccutu%
<br />Instnnnent appcarin! rn •'art pay rnj; rei.onahle ,itt<•ritc•ys' fee %. +rid eninl: t'n the I'roert% h• nitke rc•'.nr% 11ih,ufh
<br />( ender rnat: +kie tt er thi tra�r: ph ' ener d,n ❑ot
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