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<br />Cc3►t aigre�iSfolro�VS: .. _. - 1L pay payfAe� of Plriueilial OW Inter O Pnliiif at MA Late ORraes, Borrower shall rom tl when due
<br />F p 5s pay
<br />the ptrittapd of and interest on the debt evidenced by the No and any prepayment `i nd late charges due under the Note.
<br />. IL twisferTainssidlusairawe. . _ Subject. toapplicable law or to a written waiver by Lender, Barrowershall pay
<br />W I e�tder Qtt dtY t11I1t11ava�rnrc sri..du"nder the- ATote. nttttl Hw. er. is d ;��.#1 Vic; �•sr � ns .a �v - - - - - - -- -
<br />- COW t*W Of (0 Yearly taxes and assessments which may'atpdn priority ever this _ Security 1nsfrument; (b) yearly -
<br />- leasehold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />awrtgrge iasur>asor pr amitt�. if ally- Tbese items are called • CwMwr items." Lender may estimate the Funds due on the
<br />0 bask ofeurrent dataUd reasonable jaimates of rut ure, Ocrow! iteots.
<br />- The Funds s)tsll be held in as ittst~iution tlteskposits or amomtsorwhich m insured ar guanunteed by a federal or
<br />OW apncy Ctt cluding lAwder if Lender is, such an institution). Lender shall apply the Funds to pay the escrow items. ,
<br />Lander may not ehargd'for holding and applying the Funds, analyzing the account or.verifying the escrow items, unless
<br />Leader pays Borrower interest on the Funds and applicable lave permits Lender, to make such a charge. Borrower and
<br />Calder
<br />MAY ttgrae in writing that interest shall be paid on the ,Funds, Unless an agreement is• made or applicable law .
<br />ragtrittts interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. bender
<br />- - -.- sUll siveto Aprrovt'er, vr`ithoutcharge, anpnnual accounting of the Funds showing'credits and debits to the Funds and the
<br />purpose for which aach debit to the Funds was made. The Funds are pledged as additional security, forthesums secured by
<br />this Seatrity Instrument.
<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 ofthe escrow items, shall exceed the amount required to pay the escrow items when due, the excess shall be, .
<br />at Borrttvver's option, either promptly repaid to Borrower or credited to borrower,'on monthly payments of Funds. If the
<br />ammunt of the Funds held by Lender is not sufficient to pay the escrow items when due, Borrower shall tray to Lender any
<br />ataouat necessary to make up the deficiency in one or more payments as required by Lender.
<br />'Upon payment is full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower
<br />any Fun& 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 helu by Lender at the time of
<br />application as a credit against the sutras secured by this Security instrument.
<br />3. AMlicadoa of Payslents. Unless applicable law provides otherwim all payments.receivM by Undmttoder— —_ -- - -- . -__ -_ _ -__ --
<br />- pwqpahs tshail beapp1iefi tf-rWtoTate charges due under the Note; 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 Marm Liens. 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 thew 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 />raxipts evidencing the payments.
<br />- Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Boffower: (a)
<br />egrets 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, legal proceedings which in the Lender's opini,)n operate to
<br />pretient the enforcement of the lien or forfeiture of any part of the Property; or (c) sec -:res 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. t
<br />S. Huard Isrrsenset. Borrower shall keep the improvements now existing or hereafter erected on the Property
<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,"I have the right to hold the policies and renewals. If Lender requires, Borrower shall promptly give to Lender
<br />all raeipts of paid premiums and renewal notices. In the event of loss. Borrower shall give prompt notice to the insurance
<br />carrier and Lender. Lender may make proof of loss if not made promptly by Borrower.
<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.lnstrument, 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
<br />offered to settles 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 prtveeds 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 it; acquired by Lender. Borrower's right to any insurance policies and proceeds resulting
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security -
<br />rn:t,- u:me:tt imn;cdtately prior to the acquisition..
<br />6 Preservation and Malnteunce of property; Leaseholds. Borrower shall not 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 the lease, and if ih „rower acquires fee title to the Property, the teasthold and-
<br />- - - - - - - fce sill` tl;alirNt irerge iiri�cssTe:rieler agrees to the merger• to witting. - - -- -- - -. - - -
<br />7. •Protection of Lender's Rights in the Property; Mortgage insurance. If Borrower fails to perform the �
<br />covenants and agreements contained in this Security Instrument, or there as a legal proceeding that may significantly affect
<br />L Lender's rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws or
<br />regulations), then Lender may doand pay for whatever is necessary to protect the value of the Property and Lender's rights
<br />in the Property. Lender's actions may include paying any sums secured by a lien which has prterity over this Security
<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 Mir have to des s�i U.,_
<br />Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of horrouer secured by chi's -
<br />Security instrument. Unless Borrower and Lender agree to other terms of payriient, these amounts shall bear interest from
<br />the date of disbursement at the !vote rate . aiad shalt be Payable. with intctest..upon notice from 1-ender. to Mamwer .
<br />requesting payment
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