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UNFOM CQAIMWM BWMW anti Learn I covamat and age* as totowX t I. Payment, of Prhteh* end -hr woe ftip"mod and Lets Cis. Soriowersthd promptly pay when dew the piidpd of and kd rea on the dint pavidaraed by the Nola WANT pFWWnwt and foe chaW due under the Note. L Funds for Tum and k"rence. Subjaet to applicable taw 4r to a WrOo i weiver by Lender. Borrower shish pay to Larder {� on y1e day mcrWrtyr payanetts are due randy the Pica. until the Note is paid in #A a sum ("Funds"), aqua! to onot woM ct (a) y ally ( i m add' asna ants which may atlein priorty'" rills Beastly (b) yearly taasshotd payrnwab.or ground data on the Ptopwty. If arry:(c) ysirlyd Prsrr+irarw: and (d) s1WV mortgagf kaaunarrce pemkans. 11110W. These tams NO called °escrow, Llsias.^ Lander may satknnda fie Fw& due on the basis d cwmt daft and reasmwhk des of fulu a naow items The Funds shat be hstd kin an instiarlion the deposh or accounts d which are insured a grrantad by a fedad or stale agency @lox g tinder 11 Lsrhda is such an- iesliardon). Lands snail apply the Fund* to pay the escrow Items. Lender may not charge for hotting and appytrg the funds. ww#1 g the acoout or vsrrykng ehe escrow dean: unless Lander " Borrcvww krtsrat on fie Funds and appka* low pwnrts Lender to make such a dWgL A charge assessed by Lander In oonnecion with Bonoww's enuring Into this Ssaaily tmtrumat to pay the' oat of an kndspendat tart repadi ng swlee shat not be a charge for purposes of the p of, dng swtaace Sonwam and Lender may agree In writing that itwest shat be paid an the Funds. Unless an ages nwt is nrad* or applicabls law requkas ktaest b by p" L,ende, shat not bq required to fay Borrower any interest or earnings on the Funds. Lender slid gins to Borrower. Will" chimp*. an arrrud a000unling of the Funds showing credits and debits to the Funds ad the purpose for which each debt to 1111aft The Funds faro pledged is.addltat s*arky fortlts -swrg secured by ft Sewris krbument -- K trine *=at t of the Funds held by Lander, together with the lobos monthly payments of Funds payable prior to the due dates d the – — widow ewes, -sinsF wto*ed thararnofffC ngiiked to pay the "escrow rmsme shati ioe. sir 8argwrr ii �tutr: siiiwi - -- — poW* repaid to Borrower or r, ill ' to Borrower on monthly payments d Funds. N do amount of the Funds Mid by LaKW U not . sufldant to pay the eaaav Items when due, Borrower shat pay to Linda any a and necessary to make up the delictaxy le ors or mom psymarts as required by Lender, Upon psplwlt 'ti Jul of d sums secured by this Securiy instrument. LanWer shall promptly .rehmd to Bonowr any Funds hail by Lender. N under paragraph 18 the Property Is sold or aoqutred by Lender, Lender shat apply. no later then imnedistaty prior to the sale . of the Property or its acquisition by Lender. any Funds held by Lender at the time of application as a credit against the sums segued by this $Gaudy Irnstrtune"t &' Application of Payments. Unless applicable taw provides otherwise, all payments received by Lender under paragraphs A and 2 shat be applied: brit, to late charges due under the Note; second,'to prepayment charges due under the Note; third to amounts payable under paragraph 2; fourth, to Interest due: and last, to principal due 4. Chards; Uens. Borrower shat pay all taxes. assessments. chargeq, fines and Impositions attributable to the Propwty which may attach priority over this Security Instrument and leasehold payments or ground rents. N any. Borrower shall pay these obligations In the manner provided to paragraph 2. or if not paid in that manner. Borrower shall pay them on time directly to the person owed payment. Borrower shat promptly furnish to Lender all notices of amounts to be paid under this paragraph, N Borrower makes these payments directly. Borrower shat promptly tumish to Lender receipts evidencing the payments. Borrower shd promptly discharge any Ben which has priority over this Security Instrument unless Borrower. (a) agrees in writing to the payment of the obligation seared by the lien In a manna acceptable to Lender, (b) contests in good faith the lien by, or delands against enforcement of the Ilan in, legal proceedings which to the Lender's opinion operate to prevent the enforcement of the ten or fafeiwwo of any part of the Pmperty;or (o) secures from the holder of the Hen an agreement satisfactory to Lender subordinating the tar to this Security Instrunrant. B Lender detemnines that any part of the Property is subject to a Hen which may attain priority over this Seaukyy lnstrumenL Lender may give Borrower a notice identifyikag the Hen. Borrower shat satisfy the Hen or take one or more of the actions ad foth above within 10 days of -the giving of notice. 5. Hazard Insurance. Borrower aid keep the improvements now existing or hereafter erected on the Property insured against less by lire, hazards included within the term "extended coverage" and any other hoards for which Lender requires Insurance This insurance shelf be maintained in the amountb and for the periods that Lender requires. The insurance carrier providing the insurance shat be chosen by Borrower subject to Lenders approval which shall not be unreasonably withheld. AN insurance policies and renewals and be acceptable to lender and shat include a standard mortgage clause. Lender shd have the right to hold the policies and renewals. If Lender requires. Borrower shall promptly give to Lender all receipts of paid premkon and renewal notices. In the event of loss. Borrower shall give prompt notice to the insurance carrier and Lender.lender may make proof of loss N not made promptly by Borrower. Unless Lender and Borrower otherwise agree In writing, insurance proceeds shat be applied to restoration or repair of the Property damaged, M the restoration or repair Is economically feasible and Lender's security is not lessened. If the restoration or repair is not econonacely feasible or Lender's security would be lessened. the Insurance proceeds $hall be applied to the sums secured by this Security instrument. whether or not then due. with any excess paid to Borrower. If Borrower abandons the Property. or does not answer within 30 days a notice from Lender that the Insurance carrier has offered to settle a claim, then Lender may coHed the Insurance proceeds. Lender may use the proceeds to repair or restore the Property or to pay sums secured by this Security instrument. whether or not then due. The 3Oday period will begin when the notice is given. Unless Lender and Borrower otherwise agree in writlng, any application of proceeds to principal shall not extend or postpone the due dsli of the monthly payments referred to In paragraphs 1 and 2 or change the amount of the payments. If under paragraph 1g the Prop" is acquired by Lender. Borrower's right to any insurance policies and proceeds resulting from damage to the Property prior to the acquisition shall lass to Lender to the extent of the shims by this Security instrument immediately prior to the acquisition. - L Preservation and Maintenance of Property; Leaseholds. Borrower shall not destroy, damage or substantially change the Property, allow the Property to deteriorate or commit waste. 11 this Security Instrument is on a leasehold, Borrower shall comply with. the provisions of the lease, and H Borrower acquires fee title to the Property, the leasehold and fee title shall not merge until the Lender agrees to the merger in writing. 7. Protection of Lender's Rights In the Property; Mortgage Insurance. if Borrower faits to perform the covenants. and 3mft.m"1 . contained in this security instrument. or there is a legal proceeding that may significantly affect Lender's rights In the Proppry (such as a proceeding In bankruptcy, probate, for condemnation or to enforce laws or regulations). then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property. Lender's actions may include paying any • sums secured by a Hen which has priority over this Security instrument, appearing in court, paying reasonable attorneys' fees and entering Lon the Property to make repaire. Although Lender may take action under paragraph 7. Lender does not have to do so. Any amounts disbursed by Lender under paragraph 7 shag become additional debt of Borrower secured by this Security Instrument. Unless Borrower and Lender agree to other terms of payment, these amounts shall bear interest from the date of disbursement at the Note rate and -shag be payable. with interest, upon n6t1ce from Lender to Borrower (64uesting payment. 6060023 Vuge 2 bar d F1316.01 (02)90) r r i" f4l int W,