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<br />app,s=&"_asatr.editagainst the sums secured by this Sezk4nty Instrument.
<br />:':&ApplkOaaofftymeats. Unless applicable law provides otherwise— all payments received by Lender und&'
<br />paragraphs I and Zshall be applied: first. to late charges due under the Note; second, to prepayment charges due undeiihp
<br />Note: third, to amounts payable under paragraph 2; fourih,,to interest due: and last. to principal due.
<br />4, Clingm Liens. Borrower shall pay all taxm, assessments, charges, fines and impositions attribuUble to �i
<br />Property which may attain priority over this Security Instrument, and leasehold payments or ground rfmiiti, if any..,
<br />Borrower shall pay these obligations in the manner provided in paragraph 2. or if not paid in that mariner. Borrower shall
<br />pay them on time di; ,ugly to the person owed payment. Borrower shall promptly furnish to Leader-all notices of arnou•:
<br />to be paid under tik iv. paragraph. If Borrower makes these payments directly, Borrower shall pr=ptly furnish to Len6r,
<br />receipts evidencing *g paymenav,
<br />Snrrower shall promp;E3 4ischarge any lien whffah- isms priority over this Security Instrument unlest Borrower: (a)
<br />agrees m4wntir; ni,tbe payment of the obligation secured tag, the lien in a manner acceptable to Lender, (b) contests in good
<br />faith the.5m b) ., c-r defends against enforcmaox of the !.cn in. legal proceedings which in the Lander's opinion operate to
<br />prcvL-- I the enfatotmmt of the lien or forid. ti V_ of a ss, pa
<br />rt of the Property; or (c) secures from the holder of The lien an
<br />agreemem satisfactory to Lender subordinat=,; theliem tic. this Security Instrument. If Lender determines that any part of
<br />the Property is subject to a lien which may 41mr p-nkvixy over this Security Imaimment. Lender may give$r,rrowcr a
<br />notice identifying the lien. Borrower shall svidy the lien or take one or more of the _- u-tions set forth above within 10 days
<br />of the giving of notice.
<br />S. Hazard lannume. Borrower %!,all keep the improvement% now existing or hereafter erected on the Propem,
<br />insured against loss by fire. hazards included within the term "extended coverage,.fmi any other hazards for which Lotl4m,
<br />requires insurance. This insursrx:� shall be maintained in the amounts and for ite periods that Lender requires. Tice
<br />insurance carrier providing thc.ikiysarance shall be chosen by Borrower subject to' Lender's approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals sWI be acceptable to Lomdv and shall include a-vvndasrd mortgage clmoRt.
<br />Lender shall have the right to hold the policies and renewals. If Lender requires, Borrower shail promptly p-itt to lzd&-:
<br />all receipts of paid premiums and renewal notices. In theo tmcnt of loss. Borrower shall give prompt notice L5i the insurance
<br />carrier and Lender. Lender may make proof of loss if not made promptly by Borrower.
<br />Unless 1.4n v! and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repa;r
<br />of the ProIxti) d1liaviged. of the restoration or "pair is economically feasible and Lender's security is not lessened. If ifte
<br />restoration or repait 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 dac,, with any excess paid to Borrower. If
<br />Borrower abandons the Propeny,. or does not answer within 30 days a notice from. Xxnder that the insurance carrier has
<br />offered to settle a claim. then Lender may collect the insurance proceeds. Lender may use the pr to repair ' or restore
<br />the Property or to pay sums secured by this Security Instrument, whether or n T-
<br />1c..30 -day then due. c.. 3p-day period will begin
<br />when the notice is given,
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall ittot extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and Z ar c1hange the amount of tht. paymenis. If
<br />under paragraph 19 the Property is acquired by Lender, Borrower s right to any invinince policies and proceeds resulting
<br />from damage to the Property prior to the acquisition "I pan to Lcgder.to the extent of the sums secured by this Security
<br />Instrument immakittely prior to the acquisition.
<br />,J. Prei*Oii" anti Mdogeaaaeeo( Property; Lt2seboWs. Borrower sl"Il not destroy. damage or substantially
<br />change, .4he Property. allow the Property to deteriorate or commit waste. If thvt. Svecurily Instrument is an a leasehold.
<br />&m,mnshall comply with the provisions of the lease, and if Borrower acquires fo:utic to tl:c Property. the leasehold and
<br />f4viflilball not, mt7ge unless Lender agrees to the merger in writing.
<br />. 1. Plowe 4iw of Leadn"s RhOts In the Property. Mortgage lasurance. If Borrower fails to perform the
<br />cos,nmts and agreements contained in this Security Instrument, or there is a legal prxeeding that may significantly affect
<br />LendtYs rights in iht Vropeny'(%uch as a proceeding in bankruptcy, probate. f6l, condemnation or to entimcp ia%s or
<br />retulatiom). then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights
<br />in the Property. Lender's actions may include paying any sums -secured by a lien which has priority over this Security
<br />Instrument. appearing in court. paying reasonable attorneys' fees and entering on the Properly to make repairs. Although
<br />Lender may take action under this paragraph 7. Lender does not have to do so.
<br />Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this
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<br />89 104189
<br />UNIFORMCOVENANTS Borrower and Lender covenant and agree as follows:
<br />I. Psynaest of Principal and Interest; Prepayment and Late Charm. Borrower shall promptly pay when due
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />L Foalls for Taxes and 1.1115drance. Subject to applicable law or toa written waiver by Lender. Borrower shall pay
<br />to Lender on the day monthly payments are due under the Note. until the Note is paid in full, a sum (**Fun&') equal to
<br />one twelfth of (a) yearly taxes and assessments which may attain priority over this Security Instrument: (b) yearly
<br />leasehold payments or ground rents on the Property, if any-, (c) yearly hazard insurance premiums: and (d) yearly
<br />mortSW insuraiwe premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the
<br />basis o(current data and reasonable estimates of future escrow items.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br />state agency (iochding Lender it Lender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Lolder may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items. unless
<br />Leda pays Borrower interest on the Funds and applicable law permits Lender to nuke such a charge. Borrower and
<br />Lender may agree in writing that interest shall be paid on the Funds. Unless an agreement is nude or applicable law
<br />requires interest to be paid. Lender shall not be required to pay Borrower any interest or earnings an the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was nude. The Vkinds are pledged as additional security for the sums secured by
<br />this Security lnsttwtwnt.
<br />If the amoLnntr. (f.the Funds held by L&?der. together with the future monthly payments. of Funds payable prior to
<br />the due dates of the tsraw,, items. shall exceed, Om amount required to pay the escrow items when. due, the excess shall be,
<br />at Borrower's optWim*IN PrompOy cc on. monthly payments of Funds. If the
<br />paa,O.bonower or credited to Borrower
<br />amount of the Funds beds by it not dent tci Lary the escrow items when dui Borrower shall pay to LamW any
<br />amount necessary mipake up the &ficiemyi. bhe or utcm-pwrlients as required li�)LTder.
<br />Upon paym4ti in full of all sums seiaa d by Insuument. Lend& shall' prow#dy refund to Borrower
<br />any Funds held ;l4 %rider' If under paragraph 19 the Pmrpgrty is sold-or acquired 4 1{ rider. L crtder shall apply, no later
<br />than �numadiatcli vrior to the sale of the Properly or its Uisition by Lender. arty Funds held by Leader at the time of:
<br />Securitylirmitument Unless Borrower and Lender agree to other terms of patynien!, thewamount4 shall bear interest from
<br />The dale 'of disburmment at the Mae rate and Quill be parable, with interest. u*,%)n timi-M from Lender !o Iforro-aer
<br />requeol"s payment
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