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7
<br />UNIFORM C'tsvt MANTS Borrower and Lender - o%ennnt and agree as lvdlows
<br />1. Payment of Principal and interest: Prepayment and Late Charges. Hot
<br />the principal of and micrest on the debt ctiidenced h% the Note amt any prepayment an
<br />2. Funds for Taxes and Insurance. Subject to applicable law or w a written v
<br />to Lender on the day monthly payments arc due under the Note, until the Note is p;
<br />one-twelfth of: (a) )early tastes and assessments which may attain priority orer t
<br />leasehold payments or ground rents on the Property, if any; (c) yearly hazard u
<br />mongage insurance premiums, if any These items are called "escrow items " Lendet
<br />basis ofeurrent data and reasonable estimates of future escrow items
<br />The Funds shall be held in an institution the deposits or accounts of which are
<br />state agency (including Lender if Lender is such an institution). Lender shall apply
<br />Lender may not charge for holding and applying the Funds, analyzing the account +
<br />Leader pays Borrower interest on the Funds and applicable law permits Lender to
<br />Lender may agree in venting that interest shall tv bald on the Funds )micas an a,
<br />requires interest to be paid, Lender shall not be re uircd to pay &grower any mtrre
<br />shall give to Borrower, without charge, an annual accaunttng of the f=unds showing cr
<br />purpose for which each debit to the Funds was made The Funds are pledged as additn
<br />this Security Instrument
<br />if the amount of the funds held by Lender. together with the future monthly
<br />the due dates of the escrc*w items, shall exceed the amount required to pay the escrow
<br />at Borrower's option, either promptly repaid to Borrower or credited to Borrower or
<br />amount of the Funds held by Lender as vr,,n sufficient to pay the escrow items when du
<br />amount necessary to make up the del ,7 -it ncti i,n nt r more pay merits a% required by Lr
<br />Upon payment to full of all sumR , sr, uTr Y hl, phis Security Instrument, Lcndei
<br />any Funds held by Lendec U under paragrap l; lt+ t.h'c Properly is sold or acquired by
<br />than immediately prior to the sale of the property of its acquisition by lender, any 1
<br />application asacredit against the sums secured h% this Secuniv Instrument
<br />J. Application of Payments. Unless applicable law provides otherwise. all
<br />paragraphs 1 and 2 shall be applied first. to late charges due under the !vote, second, t
<br />Note: third, to amounts payable under paragraph :, founh, to interest due. and last, to
<br />4. Liens. Borrower shall pay all taxes. asscsstrr2rts, Changes. fines
<br />Property wNch may attain pnonty over this Security instrument, and ! easehold
<br />Borrower shall pay these obligations in the manner pinvided in paragr !M4 ;t, zor if not
<br />pay them on :+nte directly to the person owed payment. Borrower shall r!74Tq i9y furn
<br />to be paid undeT this paraguiph. If Borrower make=s Chew. payments directly. Borrow
<br />receipts evidtmung the payments.
<br />Borrower shall promptly discharge any lien which has pnonty over this Secut
<br />agrees in wnting to the payment of the obligation secured by the lien in a manner accer
<br />faith the lien by, or defend%. - against enforcement of the lien in, iegai proceedings whit
<br />prevent the enforcement of-the lien or forfeiture of any part of the Properly: or (c) se
<br />agreement satisfactory to Lender subordinating the lien to this Secunty )instrument. 11
<br />the Property is subject Tcr a lien which may attain priority over this Security Instrw
<br />notice identifying the tier Borrower shall satisfy the lien or take one or more of the ac
<br />of the giving of notice.
<br />S. Hazard Insumare. Borrower shall keep the improvements now existing +
<br />insured agains, loss by hire, hazards za.:,t :�.aded within the term "extrnded coverage" and
<br />requires m%u imce This insurance slral : be maintained iii the amounts and for the
<br />insurance c arnOr pros iduug the insurs^;ce Shall hv chosen by Borrower subject to Le
<br />unreasonably withheld
<br />All insurance policies and renewals shall be acceptable to Lender and shall u
<br />Lender shall have the nght to hold the policies and renewals. If Lender requires. Bore
<br />all receipts rafi'paid premiums and rentwal notices. in the even. o,,5,loss. Borrower shall
<br />carrier and Linder Lender may make V, oof of loss if not made p=romptly by Borrower.
<br />Unless Lender and Borrower otherwise agar. in wnting, insurance proceeds sha
<br />of the Property damaged. if the restoration or repas.r is economically feasible and Len
<br />=rotation or repair as not economically feasible cr. Ltlider's smunty would be lesser
<br />applied to the writs secured by this Socurity Inscrarnent, whe,nher or not then due, w
<br />Borrower altndons the Property. or &_h-n not answer within C, -diys a notice from I
<br />offered to semb:a claim. ,then Lender rra collect chr _assurance �riPceeds. Lendet may i
<br />the Property at to pay )idyls secured by this Setarti a Instrument, a Nether..a;= rot they
<br />when the moire is gir.en.
<br />ljatle,s ):-'.ender and Borrower otherwise agree in wnting, z,c,t. ? Y •'•1' .. Qr;',, nl. { proc
<br />postpone ¢l.¢ tilde date of the monthiy ins: •merits referred to in paragraphs '. anti Z or cut;
<br />udder paragraph 19 the Property is ssraju,rred by Lender. Borrowers rrghr cn any aisur
<br />6&m damage to the Property prior to the acquistd*f -,hall pass to Lender tv the extent
<br />fim:rument immediately pnor to the acquisition
<br />6. .Preservation and 'Nainteixnia<ce of Properly. Leaatlialets. Borrower shall n
<br />change thi PKiperty, allow the Pr1�-�nry to deteriorate or cto:}1mit waste If this Sect
<br />Borrower sliall comply with the of the lease. and if Borrower acquires fee tirl
<br />fee title shall not merge unless Le de tes
<br />rii'a'gr to the merger in writing 7. Protection ot.I.ersQer°s Moits in dlie Property; Mortgage Insursom...
<br />covenants and agreements,contaiftejii+ :'111 :is Se, t M1V1A,.irurent, or there is a lega! pr�n
<br />Lender's rights in the Property Isiis"li > a proceeding cdhankruptcy, probate. for "o,
<br />regulations). then l ender may do arrd'pay fot w hatever is necessary to protect the ti slue
<br />j' in the Property Lender's acur+ns may include paying any sums secured by a lien wh
<br />(;.... instrument, appearing in court, paying rea- 11ahie atttvreys' fees and entering on the F
<br />Lender may take 3010h under this paragraph 1. 1 ender dtw,�> not have tr. do so
<br />Any arnmint, dishursctf by l.rndr•r under this paragraph 7 shall hecorne addrrirrn
<br />Security instrunirnt i Iforrowcr rrii.1 I ender ale rec t-1 Whe•r term°. M pay inei.t. the
<br />the dale rif dishurwmn *w it i!;- r.iir. a1,t1 fall fi: pat<ihie with ti erred Itv,i,
<br />regtx -,sing pa►tnfw
<br />1-- 102'51
<br />promptly pay when due
<br />rs due under the Note
<br />rider. Borrower shall pay
<br />sum ("Funds ") equal to
<br />Instrument-, (b) yearly
<br />cmiums; and (d) yearly
<br />ate the Funds due on the
<br />uaranteed by a federal or
<br />to pay the escrow items.
<br />the escrow items, unless
<br />a charge. Borrower and
<br />made or applicable law
<br />pa on the Funds. Lender
<br />bits to the Funds and the
<br />e for the sums secured by
<br />f Funds payable prior to
<br />i dale, the excess shall be.
<br />aymRazts of Funds. If the
<br />slaafll pay to Lender any
<br />ptl refund to Borrower
<br />ider shall apply. no later
<br />by Lender at the time of
<br />.ceived by Lender under
<br />nt charges due under the
<br />te.
<br />itions attributable to the
<br />it ground rents, if any.
<br />manner. Borrower shall
<br />er all notices of amounts
<br />mptfy furnish to Lender
<br />ent unless Borrower: (a)
<br />ider; (b) contests in good
<br />der's opinion operate to
<br />the holder of the lien an
<br />ermines that any part of
<br />rr may give Borrower a
<br />1h above within 10 days
<br />erected on the Property
<br />izards for which Lender
<br />it Lender requires. The
<br />oval which shall not be
<br />ndard mortgage clause.
<br />iromptly give to Lender
<br />I notice to the iasaiTance
<br />I to restoration otr repair
<br />Iy is not lessened. if the
<br />trance proceeds shall be
<br />m paid to Borrower. If
<br />he insurance cairrr;er has
<br />Beds to repair mr restore
<br />0- cit4ay,period wilr begin
<br />neat mil not ei;t -.tit or
<br />3udr; of the pay-mt' I s. If
<br />and.pfoceeds resulting
<br />secured by this Security
<br />iamage or substantially
<br />ment is on a leasehold,
<br />aerty, the leasehold and
<br />"T fails to perto..*rrt Ore
<br />may sigrifiwntl :ya aTmt!
<br />I or ui enforce. 1:i.1 or
<br />'ny and lender• "s rights
<br />inty over this Security
<br />nake repairs Although
<br />grower kft ured by this
<br />shall hear interest from
<br />V1 I CtiOrr 141 Iinrrourr
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