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<br />105133
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<br />tv>FOi:aa vEru -�osro ant![ derEOVe ttaadagreeasfoiiovvs:
<br />1L pa,�t or atad late: at; Prepayat Arai Late �• Borrower shall promptly pity when due
<br />• the principal of and interest on the debt.evideacedby the Note and any prepayment and late charges due under the Notre.
<br />- 2.. FOM& fa- TaMMW1 aas=M Subject toapplicable law ortoa written waiver by Lender. Borrower shall pay -
<br />tol,ender on the day monthly payments are due under the No-ie, until the NoM isT dd-ur fuIi,� suss {"Funds "j equal to
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<br />pne•twelfth or- (a) yearly uia and assessnunts- which may attain priority over this Security Instrument; (b) yearly
<br />kasehold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortgage insurance premiums, if any, These items are called , "escrow items. "•Lender may estimate the Funds due on the
<br />basis of euyrent dataand reasonable estimates of future escrow items.
<br />The: Funds shall be held in an institution the deposits or accounts ofwhich are insured or guaranteed by a federal or
<br />orate agency (including Lender if Lender is such an.institution). Lender shall apply the Funds to pay the escrow items.
<br />Leader may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless
<br />gender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br />Lender may agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br />requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the funds. Lender
<br />- . -= -- -shall give to. Borrower, without chargh an annual accountingof tote Funds showing creditsand debit, to the Funds and the
<br />purpose for which each debit to the Funds was made: The Funds are pledged as additional security for t1ie sums secured by
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<br />this Security Instrt mmt. .
<br />.. If the amount of the Funds held by Leader, 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 shall be,
<br />at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />amount of the Funds held by Lender is not sufficient to pay the escrow items when due, Borrower shall pay to render 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 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, any Funds held by Lender at the time of
<br />application as a credit against the sumssecured by this Security Instrument.
<br />3. Application of Paymeats. Unless applicable law provides otherwise, all payments received by Lender under.
<br />paragraphs 1 and 2 shall be applied: first, to late charges due under the Dote; 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 />6. Charges; 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 these 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 />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) 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 art
<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.
<br />S. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
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<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 shall have the right to hold the policies 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
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<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 Instrument, 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 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 wri ting, any application of proceeds 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 />tinder 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 pass to Lender to the extent of the sums secured by this Security
<br />Instrument immediately prior to the acquisition.
<br />6. Preservation and Maintenance of Property; Leaseholds. Borrower shall not destroy, damage or substantially
<br />change the Property, allow the Property to deteriornie or ctinir;lit waste. if this 5--un Imtrumert is on a leas ehold.
<br />Borrower shall comply with the provisions of the lease, and if Borrower acquires fee title to the Property, the leasehold and
<br />fee.title shall not merge unless Lender agrees to the merger in writing.
<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 rs a legal proceeding that may significantly aiTect
<br />" 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 do and pay for whatever is necessary to protect the value of the Property and Lenders rights
<br />in the Property. Lender's actions may include paying any sums secured by alien which has priority over this Security
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<br />( Instrument, appearing in court, paying reasonable attorneys' fees and entering on the Property to make repairs. Although
<br />7, Lender does not have to do so.
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<br />L_.. Lender may take action under this paragraph
<br />Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrow er secured by this
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<br />Security Instrument. Unless Borrower and Lender agree to other terms of payment. these amounts shall bear interest from
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<br />the date of disbursement. at the Note rate and shall be payable, with interest. u;ion notice from L.endcr to Borrower
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<br />requesting payment,
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