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UNWORM CP= aAH'1s Bormweraad i.eoducovenant and agree as follows. ?� /� '075,
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<br />�pI�lt2fttpdintenctmtbedebtevidertoed iheltTttteandan Borr+paru shall promptly pay when due
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<br />F� torTituct iai Iatnrateee. Subject toappli cable )aw or to a written witiv_erby Lender. Botrower shaE! pay
<br />to leader on 'the daty. t mINY P yments ark due atnder. the -Note, until the Note is m full; a sum "Fonds"
<br />on�tw of: (s) yearly taxes and at�sments � � ( )Muni to
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<br />which ma attain
<br />Isssearid DR or ground rents `on the Pr Y priority over Security Instrument; -(b) yearly ,
<br />operty, if any; (e) yearly hazard insurance premitttns; and (d) Yearly
<br />'PO tgW insurance
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<br />pt emiUnL% if any - _These item are called "escrow items." Lender may estimate the Funds due on the
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<br />Items. _ _ _ _ -
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<br />slate agency (including Lender if Lender is such an institution), Lender shall apply the Funds to the escrow items.
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<br />pay
<br />Leader may not charge for balding and applying the Funds, analyiiing 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
<br />Lender
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<br />may agree le writing'that interest shall be paid on the Funds, Unless an agreement is made or applicable law
<br />requires interest to be paid, Under shall got be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annul€ 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 he
<br />this Security by
<br />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 of the escrow items, shall exceed the amount required to pay the escrow items when due, the excess be,
<br />Borrower's
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<br />at shall
<br />option; eiti*r Promptly repaid. tto Borrower or credited to Borrower on monthly payments of Funds. if the
<br />amount of the Funds held by Lender is not W t:€cnt to the items
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<br />pay escrow when due. Borrower shall pay to Lender any
<br />amount necessary to make up the deficiency in one or more payments as required by Lender.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender
<br />shall promptly refund to Borrower
<br />any Funds 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,
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<br />any Funds held by Lender at the time of
<br />application as,a credit against the sums secured by this Security Instrument.
<br />3 Applllmtioa of Payseata. .Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs I and 2 shall be applied: first, to late charges due under the Note; second, to
<br />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. Charged Ufiteas. Borrower shall pay all taxes, assessments, charges, fines and impositions
<br />attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold payments or ground rents. if any.
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<br />pRy (brae obhgatio� ;fi {lte mariner prcroideriincparagraph 2, or if (tot paid3n that rnanneer, Borrower
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<br />shall
<br />PRY 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
<br />payments directly, Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over 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) contgsts in good
<br />faith the lien by, or defends against enforcement lien
<br />of the in, legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any part of the Property; or (c) secures-from the holder of the lien
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<br />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 Borrower
<br />give 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.
<br />S. Hazard- Imuranee. 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 be
<br />unreasonably withheld. not
<br />All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br />Lender shall have the right to hold the policies and renewals. If Lender requires. Borrower shall promptly to Lender
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<br />give
<br />ail receipts 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
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<br />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 is
<br />or repair 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 Instrument,
<br />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 settle a claim, then Lender may collect the insurance
<br />proceeds. Lender may use the proceeds to repair or restore
<br />the Property or to pay sums secured by this Security
<br />when the notice is given. Instrument, whether or not then due. The 30 -day period will begin
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds 96 principal shall not extend or
<br />Postpone the due date of the monthly payments referred in
<br />to paragraphs 1 and 2 or change the amount of the payments. If
<br />under paragraph 19 the Property is acquired by Lender. Borrower's right to any insurance policies and proceeds resulting
<br />from damage to the Property prior to the acquisition shall to Lender
<br />pass to the extent of the sums secured by this Security
<br />Instrument immediately prior to the acquisition.
<br />6. Preservation and Maintenance of Propero; Leaseholds. Borrower shalt 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 of the lease,
<br />and if Borrower acquires fee title to t he Property, the leasehold and
<br />fee title shall not merge unless Lender agrees to the merger in writing.
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<br />7. Protection of tinder's Rights In the Property; Mortgage Insurance, if Borrower fails to perform the
<br />covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly affect
<br />'Lender's rights in the Property (such as a proceeding bankruptcy,
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<br />�, :tom :tan�i rahate. for condemnation or to erifvrc a lsu:s or
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<br />r' ��t the va €uc of the Prcrt;rriy and lender's rights
<br />in the Property. Lender's actions may include
<br />payi ng any sums secured by a lien which has priority 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
<br />this paragraph 7, Lender does not have todo so. .
<br />Any arrtqunts disbursed by bender under this paragraph 7 shall become additional debt of Borrower secured by this
<br />Security Instrument' Unless Borrower•and Lender agree to
<br />other terms of payment, these amounts shall bear interest from
<br />the date of disbursement at the Note rate and shaH be payable, with interest, upon notice from Lender to Borrower
<br />requesting payment.
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