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<br />UN1t't WM C0vbNA 14 CS. Borrower and Lender coveturJtt and agree as follows: Ss7 0 s�
<br />1. pttyssat eat prilat4d Mad Ittesr1 1 ptrspgymrattt treed LnOs Clarget. Borrower shall prom tTy�pa w due
<br />ft priwilvtl of and interom on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />L Flinh for Tea ad Iacsntatsoe. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to i.eadtt on ttse day monthly payments are due under the Note. until the Note is paid in full, a sum ( "Fund:') equal to
<br />o io- twgift of (4) yearly tors and aaaataa , m which may attain prk>rity over this Security Instrument; (b) yearly -
<br />bwobeid payanents or gronmd tents on the Property. if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />wongsipF Wstsraace premiums, i< any. These items art called "escrow items " lender may estimate the Futtdis ddw on the
<br />basis ofctuKatdo&sid rawer ibleestimates of future escrow items.
<br />The Fumb shall be MM in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br />gate agtsn (inchMiag Lender if Leader is such an institution). Lender er shall apply the Funds to pay the escrow items.
<br />LoW r sway not charge for boMhq and applying the Funds, analyzing the account or verifying the escrow items, unless
<br />Leader pays Borrower interest on the Funds and applicable law permits IA '. P I to make such a charge. Botrower std
<br />L Wer essay agree in writing that interest shall be paid on the FurAc Unless an agreement is trade or. , icabk law
<br />n gwie+es inknot tat be paid L+er4er shall not be required to pay 8otmcorer any interest or earnings -on tire+ pinadt. Leader
<br />shad give to Borrower. without charge, an annual aucaunutig of tlseFuends showitig credits and debits► tv iCh6I~`iritds and the,
<br />pwrpase fbr which each debit to the Funds was made 'theFumbawrkelged as additional security fox thesasamn secured by
<br />dhisSoeavity Instrument.
<br />If the araartrit of the Fun& held by L eWt.r. tduR fir with the facture montMy. payments of Funds payable prior to
<br />the dud data cafthe. eurow items, shall exceed the amount requited to pay the esomw items when due, the excess shall be,
<br />at Botro*Ws opts+, either promptly repaid to Borro weir or credited to Borrower en monthly payments of Funds. If the
<br />saxxwt uifthe Funds held by Darn Is not sufficient to pay the escrow items when due, Borrower shall pay to lender any
<br />amount necessary to make up the deficiency in one or more payments as requited by Lender.
<br />Upon payment in full of all suns 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 Leader. any Funds held by Lender at the time of
<br />application as a credit against the sums mured by this Security Instrument.
<br />S. AppMeedesi of Payments. Unless applicabk law provides otherwise, all payments received by Lender under
<br />paragraphs l and 2 shall be applied: Ant. to late charges due under the Note; second. to prepayment charges due under the
<br />Note•, third, to amounts payable usher paragraph 2; fourth, to interest due; and last, to principal due.
<br />d. Cberew IlAws. Borrower shall pay all taxes, assessments, charges. Ants and impositions attributable to the
<br />Property which tray 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 whiting to the payment of the ob3igation secured by the lien in a manner acceptable to Lender. (H) eonteah in goad
<br />faith the lien by, or defends against enforcement of nix 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 />agiminent satisfactory to mender subordinating the lien to fiefs SW— urity ii std ninr2ii:. if Le- er de-twe ttsincs that any Vert 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. Borm. wer shall satisfy the Hers or take one or more of Lire actions set forth abo,.v within 10 days
<br />of the giving of notice.
<br />S. Hatod Iasaraaee. Borrower shall keep the, improvements now existing or hereafter erected on the Prop!e q-,
<br />insured against loss by Are, hazards included within the tens "extended eovenge" and any other hazards for which lender
<br />requites insurance. This innsurawe shall be maintainer€ in the amounts and for the periods that Lender requires. The
<br />•insuraaw carrier providing t;b+ce insurance shall be cliosn by Borrower subject to Lender's approval %Wch shall not be
<br />uarttrk,•ctnabiy withheld.
<br />AU insurance policies and renewals, shall be acceptable to Lci nder and shall include a stamdai;d mortgage clause.
<br />Leaden shall have the right to hold the policies and renewals. If Lender requires. Borrower shall promptly give to Lender
<br />all rat opts of paid premiums and renewal notices. in the event of loss;. Borrower shall give prompt notice to the insurance
<br />randier and Lender. Lender may make proof of loss if not made promptly by Borntwer.
<br />Unless Lender and Borrower otherwise agree in writing. insurance proceeds shall be applied to restoration or repzit f
<br />of the Property damaged. if the restoration or repair is economically feasible and Lender's security is not lessened. If the
<br />testoration 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 ahandom the Propaty -or does not answer within 30 days a notice from Lender that the insurance carrier has
<br />offered to settle a claim. then Lend" 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 rimicre is given.
<br />Unless Lender and Borrower otherwise agree in writin& 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 />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 prices 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 />f. Pn oavation bad MdMteawce of Property; Leadd olitlo. Borrower shall 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 />Roamer shall comply with the provisions of the lessee, freed if Borrower acquires fee titic to the Property, the leasehold and
<br />fee tick shall not merge unles& Lender agrees to the merger in writing.
<br />7. Pratoelke of Leather's WO&.ia the Property; Mortgoge Insuraate. if B,uvower. fails. to perform the
<br />c ovenarits and agreements cdn,tsined in this Security Instrument, or there is a legal proceeding rhao rna%i significantly affect i
<br />Lee r +rights in the Props tq'(sush as a proc
<br />cod ittg In bankruptcy. probate; for condemnatina sir it) enforce laws or
<br />rep lacticytrs). then Lender nays do and pay for whatever;in necessary to protect the value of the Propert) a d Lender's rights
<br />in the Property. fender's action• may include paying id:sy sums secured by a iron which has priority over this Security
<br />Instrument. appearing in coon, paying reasonable atxomeys Pets and entering on the Properly to make repairs. Although
<br />Lender may take action under this paragraph 7, Leader does not have to do so.
<br />Any arnounts dislilused by Lender under this paragraph 7 shall become additional debt of Borrower secured by t hies
<br />Security Instrumrt Unlcts Borrower and Lender agree to other terms of payment. these amouiw. shall bear interest from
<br />the date of disbutsemtnt at the Note rate and shalt be payable. with interest. urw,n notice from Lender 14, Rorrorwet
<br />requesting psiynreni P
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