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<br />89- 102858
<br />LINIFORMt'MINAtii% ILitro wet., ntlPrt atettIt % Cluj fit a111axIccasfolltIws
<br />1. Payment pit Prfnelpitl NO Interest; Piepa%ment and 1•414c t'harges. flortrower shall promptly pay when due
<br />the principal of and interro on thr 11011 es iilencrol liv the Note and ant prelmytimm and late charges due under the Note.
<br />2. Funds for l anies and Intwrance. Nuhlei f tt a apP�h�alth Liw or to it written waiver by Lender, Borrower shall pay
<br />to Lender fin the day rue++ulily l +a)Ii ►tntt� ate tint. 1111ttrr 111.1 Ntitr, uceu! the Nate is paid in frill. a sum 1 "Funds ") equal to
<br />one - twelfth of (n) )eat!) moos and s0srssnteut4 t0110+ rttay attain priority over this Security Instrument; (b) yearly
<br />leasehoki paynienit. tit ltrituntl trilitt nn the Propeerty. it any, al yearly hatard insurance premiums; and (d) yearly
<br />mortgage+ Insurance prenuuuts, if any 1 hewn Items air called " escrow items'* Lender may estimate the Funds due on the
<br />bans ofeurrent data and rcasonahle eimmatca of tulure ea row hems.
<br />The Funds ithall tic held fin air utsttlutlul► fhe delkmit of acc +lung of whtt;h are Insured or guaranteed by a federal or
<br />state agency (Including lender If I.entler t% %uf.lt an imlittilnan) LaWer shall apply the Funds to pay the escrow items.
<br />Lender may not charge for holclntj anti apploup the Fundi. tyntlil►ing the account or verifying the escrow items, unless
<br />Lender pays Borrower interrat fill the 1 unity anti applicable low I -units lender to make such a charge. Borrower and
<br />Lender may agree In writing that inlenit %hull hr bard (in the Funds Unless an agreement is made or applicable law
<br />requires interest to he paid, Lender shall not he requital to pay 11inrfi er any interest or earnings on the Funds. Lender
<br />shall give to Borrower, wllhow rharpe. at, "Initial rccountnn?. of the Funds showing credits and debits to the Funds and the
<br />purpose for which each dehit to the I. until 'A .1% Inadc 1 fie Funds are pledged a-, addltion.al security for the sums secured by
<br />this SecMty lnsiniment
<br />If the amount of the (lipids hold h► i.erder. hogethet with the future monthly payments of Funds payable prior to
<br />the due dates of the escrow items, shall exceed the aniourit required to pay the escrow items when due. the excess shall be,
<br />at Borrower's option, either pron+ptli repattt in Hntrower tit ► redited to Borrower on monthly payments of Funds. I the
<br />amount of the Funds held by Lender is trot %uthcleilt it, pav the escrow items when due, Borrower shall pay to Lender any
<br />amount necessary to make up the deficiency to one , if n►tnr payments as requned by Lender.
<br />Upon payment in full of all sums %ccuicd h► thw Security Instrument. Lender shall promptly refund to Borrower
<br />any Funds held by lender It under paragraph l n flit Property is scold tat acquired by Lender, Lender shall apply, no later
<br />than immediately pnor to the sale of the Property to its acqu+sftion h) lender, any Funds held by Lender at the time of
<br />application as a credit against the sums set of eJ it$ itu% .iecurily Imtrument
<br />3. Application of Payments. holes% appj1,.,thle law pmvndes otherw'Ise, all payments received by Lender under
<br />paragraphs l and 2 shall be applied first, to late i haigm due under the Note; second, to prepayment charges due under the
<br />Mote -, third. to amounts payable under paragraph :. fourth, to interest due, and last, to principal due.
<br />4. Cl antes; Liens. Borrower shall pay all taxer, msessments, charges, fines and impositions attributable to the
<br />Property which may attain pnonty over this Security In%truntem, and leasehold payments or ground rents, if any.
<br />Borrower shall pay these obligations in the manner provided fit paragraph 2, or of not paid in that manner. Borrower shall
<br />pay than on time directly to the person owed payment Iorrower shall promptly fumish to Lender all notices of amounts
<br />to be paid under this paragraph. If Borrower makes these payment% directly. Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments
<br />Borrower shall promptly discharge any lien which has pnonty over this Security Instrument unless Borrower: (a)
<br />a6. r:, :aiit,6 lilt. 'pijnicn's iii ins,roliaa0tptl xclllrtll iry file lien in a manner acceptaeite 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 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 an
<br />agreement satisfactory to Lender subordinating the lien toe this Set:umy Instrument If Lender determines that any part of
<br />the Property is subject to a lien which may attain priority over th+% Security Instrument. Lender may give Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien of take one or more of the actions set forth above within 10 days
<br />of the giving of notice
<br />S. Hatred Insurance. Borrower shall keep the improvements now gxrsting 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 carver providing the Insurance shall he chosen h) Borrower %uhject to Iender'% 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 shall have the right to hold the policy and renewals If Lender requires. Borrower shall promptly give to Lender
<br />all 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 not made promptly by Iff►rrt ►wer
<br />Unless Lender and Borrower otherwise agree In writing, nl%u font e lit lit, ecil%.hall tic applied to restoration or repair
<br />of the Property damaged. if the restoration or repair is economically feasible and I.erider's security is not lessened. If the
<br />restoration or repair is not economically feasible nr Lender's %courtly would he lessened. the insurance proceeds shall be
<br />applied to the sums secured by this Secunty instrument. whether or not then due, with any excess paid to Borrower. if
<br />Borrower abandons the Property. or does not answer within Y1 days it fit,ticc from (.cruder that the insurance carrier has
<br />offered to settle a claim. then Lender may collect the insurance prik Beds I -ender nfa) use the prix:eeds to repair or restore
<br />the Property or to pay sums secured by this Security Instrument, whether to nor then due the 30.day penod will begin
<br />when the notice is Riven.
<br />Unless Lender and Borrower otherwise agree to wnnng, any appi1,atWt, of prtwecd% to principal shall not extend or
<br />postpone the due date of the mont Illy payments referred to in paragraphs i and 1 fir t ha►lge. the amount of the payments If
<br />under paragraph 19 the Property ;s acquired by Lender. &►rrowrr'% right r, a Inv na%urance l+t tic ies and proceeds resulting
<br />from damage to the Property prior to the acg+u %'on still II pass It e I crldrr 11, Itie et,ten1 ref she sum% secured by this Security
<br />Instrument immediately pnor to the acqursrtlor►
<br />6. Preservation and Maintenance of I'roperk; Leasehuldii. Ifiti rtmer 01,111 wit itesf roy. damage of substantially
<br />change the Property, allow the Property tit deteriorate fit ,;urnrnu wasir• It 1111• tieturils Instrument I% otn a leasehold.
<br />Borrower shall comply with the provisions of the leave. and If lair r,ewcr ,e, yuuey Iry rifle rte ih- Property, the leasehold and
<br />fee title shell not merge unless Lender altree %to the merger in w•ririny.
<br />7. Protection of Lender's Rights in the Property; %for ange Insurance. 11 Iforrowrr fail% to perform the
<br />covenanisand agreements, contained n►1hr%Security Instrument, r,r there 11 lefnl 1.rt,t ceiling that moil significantly affect
<br />Lender`s right% pit the Property (tech a% a proceeiluip, in bankrupt,, v. pnt,tvar I „r tinuieuir►arnln „r to enforce law% or
<br />regulations). then Lender Inay dto,ind lacy for whatever m nece%%ury rt a pr,art 1 fhr %slur ,,l'be I'r,titerf) end I entler' %rights
<br />Lin the Property lender'%acntin% may include pa)mS afly suit,% tr, 11lyd h% ,i Brit -it it has I,tt..rIIt t,vrr 1111% %evil fit y
<br />instrument, appearing fn court, ft,lving reaslnwhlc altllrney %' fie% utlzt r111r: nip ,.,1 the !' ►.y.rlrs f- m.11ir repair% Although
<br />Lender may take at Iuttl under rho% patagraph ' I ender,itee% nut tta%r it, #I,.
<br />CC����,, Any arnotunli; diOur%ed tiv I caber wArr rhr. pntagial,1 ' %ball hr,, ,rte .,.flhi-liai ifrt -f i )t..rt,.wrr %r.urra h% this
<br />Security Instrument ('nIC%S Ilnrri"Arr and i elittel :spire it, 1.111x1 rrmv..,1 I- t.lrl,'t,t 1' r.r all, III 1w.11 11,frrr%i Ifoni
<br />the date (if di %hut %eftiralt if fhe Nwn I'le 1+1111 01,111 1- i %l,.fWr' w11h ,'•' •r..l ,,1 +-.r• I. •I1 li!.1:. i rtnll1 1, - K, ;rl,wef
<br />requesting pas tner►i
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