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<br />UNIT t aR:N C t ivFNAN IS Horrower and Lender covritant and agree ,a% Itillt iws d V —10 a 4 9 b-
<br />1. Payment of Principal and interest. Prepayment And Late ('barges, Borrower %hall prornptly ray when due
<br />the principal ref and interest tin the debt c%idenced by the Note and any prepayment and late charge. due under the Note
<br />2. Funds for Taxesand Insurance. Subject to applicable law in Io is written waver by 1 ender, lirirrower %hall pay
<br />to Lender on the day monthly payment% are due under the Note, until the Note I% paid rn full, a sum 1 "Fund% ") equal I,)
<br />one-twelfth of (a) yearly faxes and a,.ws%ment% which may attain pnonty user this Security Instrument. Of yearly
<br />leasehold payment% tir ground rent% on the Property, if any; (t:) yearly haiard insurance premiums, and (d) yearly
<br />mortgage insurance premiums, if any These item% are called "escrow items " l.ender may estimate the Funds due on the
<br />basis of current data and reasonable estimates of future escrow Items.
<br />The Funds shall be held in an institution the deposits or account%of which are Insured or guaranteed by a federal or
<br />state agency (including Lender if lender is %uch an institution). Lender %hall apply the Funds to pay the escrow item%
<br />Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow Items, unle%%
<br />Lender pays Borrower interest on the Fund% and applicable law permit% Lender to make such a charge. Ekirroiwec :and
<br />Lender may agree in writing that interest %hall be paid on the Funds. Unless an agreement I% made or appiwahitr law
<br />requires interest to be paid, lender %hall not he required to pay fiorrow•er any merest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge. an annual accounting of the Funds %how•ing credit% and dehti%io the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the %rums secured by
<br />this Security Instrument.
<br />If the amount of the f ands held by Lender, together %%ilh the future monthly payment% of Funds payable prior as
<br />the due dates of the cscrovi items, %hall ea; tied the amount rewired t4, pay the escrow Item!, When due, the excess shall he,
<br />at Borrowers uption, either piromptly repaid to Borrower or ,,redaiW to Borrower on monthly payments of Fund'.. If the
<br />ametant of the Funds held b: I. ender is not %ufilcient if, pay the ewrow items when due. Borrower shall It•.it} to Lender any
<br />arrarountl nece%%ary to make up the deficiency in one or move pa} meat i %a% required by I ender.
<br />Upon pattment In full of all %um%secured by this Security lrsirumenl, l ender shall promptly refund In Harrower
<br />any Funds held by Lender. If under paragraph 14 the Projvrty is ,,,.,Id or acquired by Lender, 1 ender shalt apply, u, • " „tier
<br />than immediately prior to the sale of the larolterty or its 4c4uwliiin by Lender. any Funds held by l emtde-r at the time of
<br />application a %a credit againN the suns% %enured by this Sr; ums Instrument
<br />3. Application of Payments. tlnle%% applicable law provide% otherwise, all payment% receiwo by Lender under
<br />paragraph% 1 and 2 %hull he applied first, Io late charges due under the Note. w•cond, to prepayment charges due under the
<br />Note; third, to amount% payable under paragraph 2. fourth, tit interest due. and lw-1, to prineigral due
<br />4. ('Margin; 14enot. lit ?rri,%4er shall ray all taxes, :i ::Y :5:::. ^.;ti. nharpc%. tint% and Imiki'milow. utirii.ui.ri,le its fire
<br />Property which may attain pt•ionty over this Securltt. Instrument. and Ire: %:.old payments or grvurd rent%, if any.
<br />Borrower shall pay these oHigart.m%ln the manner pro%ulird in paragraph :, .,: ri col paid ni that manner. Borrower shall
<br />pay them on time directly Iti lithe person owed payment Wirrower. hall promptly furni%h to 1 ender elf nodes% of ar. , .mt%
<br />to he paid under ekes paragraph If Borrower makes these payments directly. Borrower %hall promptly ffurm%h to I esser
<br />receipt %evidenvini, *be payment..
<br />&Irrower. hall promptly di%charge any hen which has priority o%er [his %ecurit% instrument unie%•, Borrower (a)
<br />agrees in writing to the payment of t he obligation secured by the lien tit a manner acceptable at I ceder. (b) contc•%t% ni goott
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<br />faith the lien by, or defend% against enforcement tit' the lira at, legal priwecdings which in the 1 ender'% opinion operate to
<br />prevent the enforcement of the hen or of ,any part of the liropeii%. tit (c) w.uns 1'roru the holder of the lien an
<br />agreement sati%faeaury to Lender %utx,rdin., :,oag the licit to the% tie, ura% In%tnunrnt II' I ender deternune%that any parr of
<br />the Property I% subject d, ;i lien which may ,attain priont% o%er Ihi% Sc urlt% instrument. Lender ruin gas% Borrower :a
<br />notice Identifying the hen hfi. r.,wer shall %an %t'y the 'here or take one or more, t.'ehe arsons set berth abl,.e within Ill da%%
<br />of the giving of notice
<br />S. HwArd Insurance. Hornmer %hall keep the now c%ming tut hereafter erected on the Pit•+ arty
<br />Insured against to -%hy lire, haiard% indudcd within the term "ethu -.1x1: ;,%erage” .and any t,lher liJ /oral% 11rr which i t•OS et-
<br />reyuace% m %urance rhi% m%urance shall tie maim:nned ui the amount% and for the period% that lender requires life
<br />insiumnee carrier providing the m%urance %hall be r wwo h% (iorrowrr whtrrt to 1 ender'% appnna! Kihi: h shall not he
<br />unreasonably withheld
<br />All insurance paihcie% and renr%►al% .hull he acceptable to i ender :and shall inclu%ty , %tand.ard moripage d.attaw
<br />Lender shall have the right to hold the ptilwic% and rene%al% If I ender require %. 114irrowrt % .ill promptly gne 14) 1 order
<br />all rteeipts of paid premium%and rrneK al notices In the e%ent of h..%, Miff ow'- ••»amp! ga., iprompt notice to the insurance
<br />carr,wr and lender. lender may makeprtit.fofIt- ifnol made prornpll% by Ito +r► ��
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<br />Unless Lender and Borrower titherK i%v agree tit Kriting, insurance priweevs she.: t ipplicil it, restoration ter repair
<br />of the Properly ,damaged, if the re%loratiun or repair t% e:ononu ;al:, . feasible :acid I ender %security a% not Ie%%c•nrtl It' °he
<br />restoration or repair is not e:ouunurally feasible or I ender'% %eer.rw.. would K. te%%ciled. the tiisuran:c prtrtetls -Aw.t 'tic•
<br />applied to the %um% %ccured by this Security Instrument. whether or not then c4.ce, with all% ewe%% paid a, IA,ri, Ktcr It
<br />Bttrres,er ithaudom the Property. or dttc•%not :ul%kes• w :hin t(1 d,i%%,t nont.e it •. i : 1 ender that the an%urant.t• carrier ha%
<br />riffee :+,7 towille a claim. then I ender may collect Air .- ;..uran:e Lrocred% I emit•• r :.I% t,%a the proceed% It- r1•ran . - r.•%iitrc
<br />the Property ter iii pay wm%w.•ured h} eh._ ircurm Instrument. whether ter not rhet* spit.:• I he io d.ry N2 w'lrt h-' 11 Ill
<br />when the noti.,,-c i% gn en
<br />I lnler.% l .,"der and Htrtrr.wer offient a%c .agree Ili K nting..tit% applic.m.- , r rr, %eett% t-.1 rrnt. it .ai rr, a:: ^:.•r cue-td or
<br />poeiu�une the due dateof the m.•nihly payment% referred to fit p,ar,igl .iph• 1 .rrr.t ; ...r , han.:c the amour :• .. the r:n•crents It
<br />uat%iv-puragraph 19 the Property 1%ac4uncd by I ender Bt•rtr•Mer'% light It, trt% tn%uran.r p,,h:ie%.mtf Lro.c•tit% •r setae rte
<br />Cream damgae tt,t the Prurieri v prior Its the At•.tiu%sh,.r..h,tt .t.%, r., I A... r i.. ......, ..t .t......_... _ .._ . , '.
<br />Instrument arnu,,,,.,Iwic1: prior it-, the .a:quhitian I.
<br />6. Preservation and \iaintens c(ifItruperi} ;Ica%ehr.ldi. Itinto%.ef lull,,,► it*%a,•% tt,nn.r) ;e,,rsuhst,nu,,ll%
<br />chamge the Property• allim the Property It, deleitor.ite •,r .tn►inul w,r%te It 1111% Sc,unt% In %Iriunenl r% ,,ii ,, It-,a %chord.
<br />Br,rr.,wer%hallcomply with the pro%W011%ol the Ic.a %c. ,and if lit,nrwct .1,llutrt• %Ice nice f. - tilt- i'rovelC%. 1114. lea %chold
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<br />fee title %hall not merge unle%% 1 eater .rgrctr tit 1114. merger u, w r inng
<br />7. Protection of IAndcr'-t Rights in the Property; 'kiiortigage Insurance. It liollo%ktr t.nl% b• rcrf„rn, rife
<br />cmenantrand agrtrmenls :om.ontst rn thi%tic.unty In.tninient ,•r there t %.r It,:.11 rr,s ectlln► 1h.r1 m.a% .ti;1nh..,nt1% .ittc.i
<br />lender'% right% rn the 11ropert% oowh.a%a i it,.ecthng in KIIii.aupr %%. I'tob.14 t.•r .•• „ticinu.11n•11 ,•r It, t•111411ty 131A% t•r
<br />regulatam%). then I ender ma%doend p.iy tier wh,atc%er I%netemii% t.•hr „fret the %.1111r--•t the lh,•ralt% .Intl I ender'%ni ht%
<br />Ill the Property l ender'%.wiiom era% Indutic I,.a%mg: in.. M11111% W, tnttl t•% .t 11'.11 %rht,h 11.r% I•n,111% „ter till- %'r,1,rrl%
<br />Instrument.
<br />appearing in:tlnrt,payingrCA%,111. it ,leattune%%'fee %. Ili .ttfivefif! 1. theI'nq %in I,.nt,lkrnl,.ur% •�11ht•u,
<br />1 ender nary take action undet Ihi%prr.,gr,rph '. 1 cnJer Joe% net It.r %e i,• ,t,
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<br />Am ,unounhth %huisttl M (cntfet untie) thi%par.1p.tp11 '.hall ►K,,,n,, ,•1,, t,..., „,1, tit ,, H „1r,•wcr %r, utr.1 t,% tilt.
<br />Security Ip%Irwncnt l n1e%% lie%trrwt 1 .ui,l I t uJrr agree t,• --Ill, r t., •,,. • 1., • ,, ,' t,. ,, ,.,, •, ,t .. ,•
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<br />the dsshai1%t•n,c111 scot,
<br />thar td .11 the r of .11111 %lt•all he 1,,�.,t•It .silt rr rt ! ,,..,,. .. it
<br />requc%ting Lay mcnl
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