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<br />ga 105669
<br />J ;NII i ))t M ('t ovi %A N I % Ik►rruwer end Lender I. ovrnant and agree a% follows.
<br />1. Payment of Princip>Rl said Interest; Prepayment and We Charges. Wrrtmer -.hail promptly pay when due
<br />the principal of and tntere%I on the debt evidenced by the Noic and any prepayment and late charge%due under the Note
<br />Y. Funds for Taxes and Insurance. Sublect to applicable law or to a written waiver by Lender. B►rmwer %hall pay
<br />to Lender on the day monthly payment% are due under the Note. until the Note i% paid lit full, a %um ("Fund% ") equal to
<br />one-twelfth of (a) yearly lane% and as%es %mint% which may attain pnonty otter till% y ecunty Instrument: (h) yearly
<br />leasehold payment% or ground rent% on the Property. If any; 10 yearly harard insurance premiums: and Id) yearly
<br />mortgage insurance premiums, if any 7 here item% are called - escrow, Item %." Lender may estimate the Funds due on the
<br />basis of current data and reasonable estimates of future escrow item%
<br />The Funds shall be held in an institution the depo %its or account% of which are insured or guaranteed by a federal or
<br />state agency (including Lender if Lender I% such an institution). Lender %hall apply the Fund% to pay the escrow items.
<br />Lender may not charge for holding and applying the Funds, analy7mg the account or verifying the escrow item %, unless
<br />Lender payti Borrower interest on the Funds and applicable law permits lender to make such a charge. Borrower and
<br />Lender shay agree in writing that interest shall he paid on the Funds. Unless an agreement t% made or applicable law
<br />sequin% interest to be paid, Lender %hall not he required to pay Bc►rrowcr any interest or earnings on the Funds. Lender
<br />shall giveto (Borrower, without charge. an annual accounting of the Fund% %hawing credits and debit% to the Fund %and the
<br />purpose for which each debit to the Funds was made. The Fund%are plydiSW a% aWitionul %ccurity for the sum% secured by
<br />thissecurity Instrument.
<br />• If the amount of the Funds held by lender. W'Sether with the future nu)nthly payments of Fund% payable pnor to
<br />the due dates of the escrow items, shall exceed the amount required to pay the escrow Item% w hen due, the excess shall be.
<br />at Borrower'% option, either promptly repaid to Burrower or credited to Harrower on monthly payment% of Funds. If the
<br />amount of the Funds held by Lender is not %uBicient to pay the exrow items when due. Borrower %hall pay to Lender any
<br />amount occemary to make up the deficiency in one or more payment% as required by I.ender.
<br />Upon payment in full of all sums secured by this Security Instrument, lender shall promptly refund w Borrower
<br />any Funds held by I ender. If under paragraph 19 the Property is %slid im acquired by Lender. I ender %hall apply, no larl;r,
<br />than immediately Ir-rlor In the sale of the Properly or It% acquisition by L under. any Fund% held by Lender at the time of
<br />apphiratit alas a credit againxl the %tim%securedby the %Security Instrument.
<br />9. Application of Payments. hnless appll►ahte 04w provide% otherw•t%e. all payments recci%cd by Lender under
<br />paragraphs 1 and 2 shall he applied: first, to late:barg" due under the Note, % cond, a► prepayment charges due under the
<br />Note. third, toamount% payable under paragrarh Z. tivuimil, to Interest due; and lust. h► principal due
<br />4. Charges; Lens. Borrower %hall pair ,111 tones, a %%e%smenI%. charge-. fine% and impo%uton% attributable to the
<br />Proper,. which may attain priority over this Securu% Wilrument. and leasehold payment% or ground rent %. If any.
<br />Borrr%%ur %hall pay these ohligations tit the manner pro %t.wd nn paragraph 2, or If null paid 111 that manner, Kirrtlwcr %hall
<br />pay them on time directly to the person owed payment. B%Irt ,wer %hall promptly fulnl%h to Lender all nonce% of amounts
<br />to he paid under this paragraph If Borrower makes these I+ayment% diced), Borrower shall promptly furnish to lender
<br />receipts evidencing the payment%
<br />Borrower shall promptly discharge any lien which ha% prioniv o %et this Security Instrument unl(•%% liorrow•er Iii)
<br />agreett in writing to the pay mcnt of the t►bligation secured by the hen tit a manuer acceptable to I under; th) conlests in gt►tid
<br />faith the lien by. or defend% against enforcement of the hen n►. legal proceedings w hich tit the I ender•+ opinion operale to
<br />prevent the enforcement of the hen or forfeiture of any part of the Property, or Ic) %retire% front the holder of the lien an
<br />agreement %ansfactory to Lender whordinatmg the hen to this Swcurny ln%trument If Lender determine% that any part of
<br />the Property is %uhlecl to a hen which mity :main pnont% utter this Security Instrument. Lender may give lk►rrower a
<br />notice wenfifying live lien Illlrrower shall %atusfy the lion orr take I,tie or more of the action% set firth above w ithin 10 day%
<br />of the Rasang cyf notice.
<br />S. Hsixasd Insurance. Borrower shad keep the impro%cments now existent or hereafter crested alt the Property
<br />insured again-4t hKi hh, tire, hatards included -A iNn the terni "emended co%erapC and any tither harard%for which lender
<br />requires insurance. This insurance %hall he amaintained In the amounts and for the period% that Lender require%. I he
<br />msur.ill,e earner providing the msurance %hall he ch -xis +*y H orrower whiect to Lender's approsal which %hall not he
<br />unreal %onably withheld
<br />All Insurance pohcie% and renewals %hall he actmptahle to Lender and shall include a %tandard mortgage clause
<br />Lender shall have the right to hold the pohcie% and renewal%•. If I ender requires. Borrower %hall promptly goe to I coder
<br />all receipts of paid premiums and renewai nonce% In the event of lo% %, lktrrower shall gi%e prompt notice w the Insurailce
<br />carrier and Lender. Lender may make proof of let%% if not made promptly by Borrower
<br />4 niess Lender and Ill►rrower otherwise agree tin writing. Insurance rrixxed% %hall he applied its re %tar, .r:.. m ii! 7erait
<br />of the Property damaged, If the resloranon or repair 1% economically fea%Ihlc and : ender'% security is not tc %wit d Ill rh,.
<br />restoration or repa:r .% not tronomucalh feasible or Lender's set Wily, %•gold be lessened. the m %urant:e prilev ds sh c',: N,
<br />applied to the %dams secured bye this Securitt. histrument. whether or I +ot then title. wit h any c%tt.% paid to Horrtlyvrr F
<br />Wirrowetr ahandom the Propert or die% now ,in%wer within %0 day% a notice liom I viulcr that the m-.uratevc carrier has
<br />offered tip settle a claim. then I ion ter mry I, t ill i the itt+alr-Ao,re I %ri %•cod% 1 ender may use the prtk•ccd% It � rare t•r restore
<br />the lllrJi.4.rtj :.' !:• 'l •.tuna +.fit! "C1 I". hether rr ilia thrri title ( he 1f1 If •% ! %! \4;11
<br />when the notice is g%en
<br />Unle%%Lender and Burrower olhertl V,4' LX;rei 1r welting;, any applIC311011 ,•t rn %•std% t.• prtnclp.ii vitals 11111 e%len►] 01
<br />peritpt►ne the due date of the monthly payment, referred c. m paragraph,. I atu1 ' of Jwng;e the aml•uut of t'hr pay tents If
<br />under paragraph ly the I'ropeny s, acquired by 1 em r.. hotrov%cr'% ito,hr eo% .m %;r.mtr r (Bile %and rrotWed'. resulting
<br />from damage to the Property prior to the acyumtit►n %ha, :';tl%t%% to I entte•r , rho , %r,.,r t oft tic sun►% %et cared t••%. ',hl% Sevutir♦
<br />Instrument immediately prior to the actyumtioo
<br />6. Preservation and (Maintenance of Property. Leaseholds. lioritmk•r %hall not destroy, daimigic , r •t:.h %i.ttrlrll%
<br />change the Property. allow the I'ropcity, to deteriorate or commit %.isle If this Setuniy lo%irun►etu .•co a ,Cax•1iila
<br />11urnmer %hall comply with the pill %1 %coos t+( the lease. and If ikitfowel atttltire%teC title III the I'ropcit %. rho leawhllld mid
<br />fee title shall not merge unlem 1 cndcr agttti•% to the incrger In %r m ip
<br />7. Protection of l.eadcr's Rights in the Pnlperty; Mortgagiv Insurance. It Ilotrowcr falh it, iwil •rrr► the
<br />covenant% and agreement%contained no tht%%evunty In%trt11nr111 ,•1 1hele 1 %.I legal ta,ttecdrilg 111.111111% %ignihtantl% .tile. t
<br />Lender's right% in the Propem loch a% a pritttedmg ill ha111%1I,111 %%, ptot%rte, till ttmdenulati -M or to 01101st• I.t%►% of
<br />regulations). then 1 ender may doand lay filr whatever is nee<%wr% io protc% t the %slue of tilt' I'nlrarts .Ind I ender'% tight%
<br />in the Prop) iq l ender'% action% may Include paying rtl% sums %t% used M a lit-it %111,11 ha% I.l •I I►% o%v1 1111% %t•% t1111%
<br />Instrument, appeanngincsuit. pa)mg tirmo table ethiflley% let'%.111d rttllting oil the I't,•ty 11% 1,• malts• it-raw. Alihough
<br />lxnder nlay tulle action under thus paragraph 7.1 ender tilt % not 11,6%t to do %i
<br />Any dell ►lllll%lh %hut %Cd by I ender under tilt%Iralagtapll 701.111 lisr,olilt• .Idill11.,1ial o, I'l . -t tt. X(1.•1 %t1 % %,, 111 t'tl 1•% Ili%
<br />ScLu111y 111 %Ifulllclll 1'1111' % %Ht /llt`Ncl alld I e11dCl .q.1t.t. tit o111C1 11*1111%of r.l%111e1 1 Ili, on •. , ...1. tai h, .,1 11 1. 11 .1 ',• rr,
<br />the dine id tli%hul%eitiviii at slit; Note rale :11111 01.111 It i•.t%.thlr %%lrh 1111, 1, l.t. 11 , 1111' 1 1 1 it •. 1
<br />requesting payn►eut
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