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<br />LtN11-0111ttt•tttrl%%%I% l iorrt► werandlc, tticft+t%inantandzigreca%l'Mm%% 89--m 103051
<br />1. Psymient of Principal and Interest; 1'rcpayment unit late Charges. Borrower shall promptly pay when due
<br />the pruu teal e►f and uncrc,t on the &Wit e%idetced by Cite Niile and any prepayment and late charges Clue under the Note.
<br />2, Funds for I'skras and InrsNranre. Subject tit apptical►IC hN% ttf ttia %vritteit wiii%,er hy Leader. Borrower shall pay
<br />to Lender on the day monthly ims mums aft• due under file Note, until the Note is paid in full, It sum ( "Fonds ") equal to
<br />t one - twelfth of (41) yearly tapie-i meet ter %c%rntcnft which nit» attain prionty over this Security Instrument; (h) yearly
<br />leasehold paymetar. of grttmud retie. on, the Pft+ wily, if any; (c) yearly hazard insurance) premiums; and (d) yearly
<br />mortgage insurance ltretntunl %. If any '1 here Clem% are called "tiicrow- items." Lender may estimate the Funds due on the
<br />b iii• ofrurtentdomandremonablee %tlnnatr%uffuturencrowitems.
<br />The Funds shall he held in an lust it tit the delwHtly or accounts of which are insured or guaranteed by a federal or
<br />stale agency (including Lendei if I cudo I% such all institution) lender shall apply the Funds to pay the escrow items.
<br />Lender may not charge feet holdhip and apply ing the Funds. analysing 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 and
<br />Lender may agree in writing that interest shall he paid on the Funds. Unless an agreement is made or applicable law
<br />rcquires interest to be paid. Leader shall not he miluired tit pay Iorrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without chiirge, an annual accounting of the Fund% showing credits and debits to the Funds and the '
<br />purpose for which each debit to tine fund% wa% made flie Funds are pledged as additional security for the sums secured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Leader. together with Cite future monthly payments of Funds payable prior to
<br />the due dates of the escrow items, shall exceed the amount required to pay Cite escrow items when due, the excess shall be,
<br />at Borrower's option, either promptly repaid to Dot rower or credited to Borrower on monthly payments of Funds. If the
<br />amount of the Funds held by Lender I% not %ulticicnt tip pay life escrow items when due. Borrower shall pay to Lender any
<br />amount necessary to make up the detictenc% ht one its more payments as required by Lender.
<br />Upon payment in full of all %ants secured by flits Security Instrument. Lender shall promptly refund to Borrower
<br />any Funds held by Lender. If under paragraph 19 the Property i% sold or acquired by Lender. Lender shall apply. no later
<br />than immediately prior to the sale of the Prvgwrty or is acquisition by Lender. any Funds held by Lender at the time of
<br />application as a credit against the sunny secured by this Security insitrmnent.
<br />3. Application of Payments. Unlc%% applicable law pro%utes otherwise, all payments received by Lender under
<br />paragraphs 1 and 2 shall be applied: first, to late 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. Cliarm Lktas. Borrower shall pay all taxes, assessments. charges, fines and impositions attributable to the
<br />Property which may attain priority.over this Security Irtwument, and leasehold payments or ground rents, if -any.
<br />Borrower shall p y these obligations in the manner provithod m paragraph L or if not paid in that manner, Borrower shall
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<br />pay them oral time directly to the person owed payment. Iorrower 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
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<br />receipts evidencing the payments..
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<br />Borrower shall promptly discharge any lien which has priority over this Security instrument unless Borrower: (a)
<br />_ - agrees in writingto the payment of the obligation sm -ured by the hcn Inn a mariner acceplablcto Lender: lb) contests its good.
<br />faith the lien by, or defends against enforcement of the lien ire, 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: air (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to flits Security Fastrmncut. if Lcndrf determines that any-part of
<br />the Property is subject to a lien which may attain prionty over flits Security Instrument. Lender may give Borrower a
<br />notice identifying the lien. Borrower shall satisfy the licit or take one or more of f he actions set forth above within 10 days
<br />of the giving of notice.
<br />S. Hazard losvrance. Borrower shall keep the unprmenicnis now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the term "extended coverage" and illy other hazards for which Lender
<br />requires insurance. This insurance shall be maintained in the amounts and fair 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 renewals,. if i_cnder Horntwer
<br />policies and requires. shall promptly give to Lender
<br />all receipts of paid premiums and renewal notices. In the event of loss. Borrower shall gi%c prompt notice to the insurance
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<br />carrier and Lender. lender may make proofof loss if not made promptly by Itorn►wcr
<br />Unless Lender and Borrower otherwise agree rot writing, umnrance piticcC41% SIM II be apitl,ed to rolorationor repair
<br />of the Property damaged. if the restoration or repair is economically feasible and 1 cneleO. %ccurit y i% not lessened. If the
<br />restoration or repair is not economically feasible or Lender's security would t►c lessened. the insurance pro cede► shall be
<br />applied to the sums secured by this Security Instrument. whether or full then iliac, with any excess paid to Borrower. If
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<br />Borrower abandons the Property, or does not answer within it) days a notes front Lender that the insurance carrier has
<br />offered to settle a claim, then Lender may collect the insurance procceds i ender nma use the proceeds to repair ter restore
<br />the Property or to pay sums secured by this Security Instrument, whether air atilt Ihcn due. i he 10 -day period Will begin
<br />when the notice is given.
<br />Unless Lender and [kirrctwcr otherwise agree In witoIng, any applicall : +it of prt+vm ds as principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and 2 f it change the anu%tent of the payrrrents. If
<br />under paragraph 19 the Property is acquired by Lender, tlettrower'• right art art► nlsuftillLc lit -heft% and pretceedi resulting
<br />from damage to the Property prior to the acquisition shall pass nil Vender• at, the %•stunt tit rift, suim.ccured by Ihly security
<br />Instrument immediately prior to the acquisition
<br />6. Preservation and Maintenance of Property; Leaseholdu. Ii. -i rt,%%c► .h.sll 1,..t ocelots, tI, m )te or .uLwtaIItIaII).
<br />change the Property. allow the Property to detenarate ter i:untmlt w:e.te If Uri, tiitltft!% Ins!•,,►„► lit w ate a ltta%ehrtld.
<br />Borrower shall comply with the pro%imons of the lease. and if liorrowre ictinries tit- till:, r., ilia Plttpcllt . flit ica,talttld ant}
<br />fee title shall not merge unless Lender agrees to the molter u► %4 1t ill e
<br />7. Protection of Lender's [Sights in the Property; Mortl4uge iom irancv. It I ,m,t -wi lank ttt It;Morm the:
<br />covenants and agrcement,ceintained of thisticcuro} 111%1 ruille ,,Iis Ill •lc 1%.1li'l1,11 lt+tl,t•c,l,Jig tit.,! 111.1%,1}lr,llt, :ar,rly :,fl,-cf
<br />Lender's rights in the Prolxrty (such a%a proceeding tit ha iikrul,tt:%. I,rtihate. h•1 ,,anti.tni,.ui a ,•r tat rnitvrt• I,t%%% tit
<br />regulatotts). Ihen Lender onus del mid pay for w bate%er is iucc%%.ir> l., I,t,itco flit, ..slur ,,! U,.• Pity•, i f % ,,tile l + itder', mutest,
<br />to the Property 1 eneter'% aciums illay nuelude pa►nlg all.. '11111„ccultd h% .1 In•r1 alit, b hi-, I-1„ ,►n ,• %, l 11144,Secur11%
<br />I list rument. appearing a1 Court. pay Ilig reasonable A fill uty, *4 4.. 11. tte1114•1 I1a!1.1111 1;•I'7.,t,drt: t••+;eJkrttl -.t +f� :Zirll +.0 }I,
<br />Lcndct may takC at: Iusit under Ill a% paragraph 7. 1 vittict tl. iv-. iioi iLl,e h , il• • t,•
<br />Any amount% dsshur.ed by 1 miler under this paragraph 'shall hc. t,nir .141.11' 1, tlrl ! .,I 11 a 1, at 1 art note l,% lima
<br />�i'CUrlff IrltitrllrllCill t'1111•.. 11111 toil&es .,nil I cotter agrcc I( -othei iefln� ,•l (,,R lilt I" 11u �r .111', ,,,,t, •.1• iii t,t•,it ,,.,. it••.1 tt.v1,
<br />1hr date sit dMimmiriciii it the 'fit tc retc anti) .hall he ialaar•!r. tsuh t1,tt11.r .,I. n i. l.. t ti. a. I,,..a.1 : H: ,,.sits i
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