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<br />VNIFORMt'AVENANn Borrower and Lettdereavetnantandagreeasfo llows;.•
<br />IL04570
<br />2. Fars W oaf IlfriaCi d rd I- i M --new send L ai t MrIm BerviZ' er shall promptly P&Y when due
<br />the principal of and irate ma on the debt evidenced by the ]`tote and any prr+ep yw nt and liitb charges due under the Note.
<br />& FattebfarTatWW iaaWOM Subject toappticabiet swortoskr.. ttenwait ;citry Lender, BorroUcTsMIPUY
<br />to bender on the day motathly payenerfts ate due under the Note, until the Nate is paid: 46 full, a sum ("Funds") egiW to
<br />ottatwdmh of. (a) Beady taxes and ataesatttenfts which may attain priority over thin:. Security Instrument; (b) yearly
<br />haariold payments or gtautd rests da the Property, if arid; (c) yearly- hazard insutance'premiumv. and (d) yearly
<br />11110 R Murano gtraoeduas4 if any. Thee items are called " dacr+ow items." Lender may egins ne the Funds due on the
<br />basis of dntrrent data and reasonable estitnsta of future escrow items.
<br />the FwkksW beheld inanie►stiitutionthe deposits or accountsef which am. inaumed at guaranteed by a federal or
<br />slaw Mptcy (inciedie= I.tafdetr if Leader is such an institution} tender shall-apply the Fonds to pay the escrow item.
<br />Ldmdetr may rot charge for holding and applying the Funds, andyting the accounts or ?rsri}'ying the escrow items. unless
<br />Leader pays 8orrawa artereM 00 the Fa2de- > '-P^ low permits Lender W mate: su fh a charges Borrower asud
<br />I eader may agree in writing that interest shall be paid on the Funds. Unless an agrbonthent is made or applicable law
<br />requires interest to be pad, Lender shall not be required to pay Borrower any interest or earninlp . urn. the Funds. Lender
<br />s>ialt give to Borowerr, without charge, an annual accounting of the Funds showing credits and deliitts tell` thre Funds and the
<br />purpose fa which ea�dt debit to the Funds was made" The Fundy are pledged as additfonaY secur_ty f6r t. hL-sums secured by
<br />this Set arity Instrurment.
<br />If the amount of the Funds held by tender. together with the future monthly payments of Finnic, Gar) ;lelpric+r' to
<br />the due data of the a wn w it wA6 shall exceed the amount required to pay the escrow AMTS whendatc, !heez.rasssti atE Fr,
<br />at Horrowpr's option, dtba promptly repaid to Borrower or crexliitexd
<br />to Borrogvtr on monthly payrtrcn� cf Funds. If the
<br />aatoant d the FuaQs held by Lender a not W&Cknt to pay the escrow items wbein dues Borrower snail duly to Lender any
<br />scrotum necessary to make up the: dd kiency in one or more payments as required by Letift.
<br />Upon payment in full of all sums secured by this Security Instrument, lender shall promptly refund to liacxu-Wer
<br />any Furls held by Lender. If under paragraph 19 the Property is sold er acquired by Lender. Lender shall apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />S, FaJaaettta. Unless applk*W law provides ot:"terwise. all payments received by Lender under
<br />paragraphs 1 and 2 shall be applied: ant, to late charms due under the Note; saeond. to prapaYunent charges due under the
<br />Moat~ third, to amounts payable under pdaramraph Z; fourth. to interest due; acid last, to principal due-
<br />4. Cherl�m Llesa. Borrower shall pay all taxes, assessment::, charges, tines and impositions attributable to the
<br />pmperty which may attain priority over this Security Ietstrument, and lemsehold payments or gmrmd rents. if any.
<br />Borrower shall pay these obligations in the manner provided in paragraph 2. cr if not paid in that manner, Borrower shall
<br />gay them on time directly to the person owed payment. Bormwer shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph. if Borrower makes these paymimis dtrecity, Borrower shall promptly furnish to Leader
<br />toceptsevMencing the payments.
<br />Borrower shall promoly discharge any lien which has priority over " Security instrument unless Borrower= (a)
<br />agrees in writing to the paymswnt of the obligation secured by the lien in a maihner acceptable to Lender; (b) contests in good
<br />faith the lien by, or defends against enforcement of the lien at, 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) secuirds.from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security Inarument. If Lender determines that any part of
<br />the Property is subject to alien which may attain priority over this Security instrument. Lender may give Borrower a
<br />notice: identifying the lien. Borrower Shall $atistji the lied or take one or more of the actions set forth above within 10 clays
<br />of the givingot;notice.
<br />S. Ripityt $ Issaraaee. Bdtrrrtvertr s'ehall keep the improvements now existing or hereafter erected on the Property
<br />its red ageitisrrdsa by fire, hazards included within the term "trlattded coverage" and any other hazards for which. •taalder
<br />wires insurance. This irlunance sttsall be mai tlained in the amounts and for the periods that f�-ntirr requires. The
<br />insurame carrier providir% the insurance ahall be chosen by Borrower subject to Lender's approyll% which shall not be
<br />unreasonably withheld.
<br />All insurance policies and rcnawals shall be acceptable to Lender and shall inr6& a standard mortgage clause.
<br />Gender shall have the right to bald the policies and renewals. If Lender re quire% Borr,a,Wttr shall promptly give to Linder
<br />ail receipts of paid premiums and renewal ncxii•6- In the event of loss. BorrCJW`"1 ,hall give prompt notice to the insurance
<br />carrier and Lender. Leander may make proof oftisra if not made promptly by &- i'rruwer.
<br />Unim Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to oestoration or repair
<br />of the Properly damaged, if the n,storattkin or repair is econotd:ally feasible and Lender's security is not lessened. If the
<br />restoration cat; repair is not econamicaly fusible of Lenikes, snurxity would be lessened, the insurance proceeds shall be
<br />applied to the sums uxured by this Se:curih. pnstriti7tteat, whether or not lbeh due, with any excess paid to Borrower. If
<br />Borrower abandons the Property. or does chat answt. -r within 30 days a notion from Lender that the insurance carrier has
<br />oftW to settle a claim, then Lender array collect the insurance proceeds. Lender may use the proceeds to repair or restore
<br />the Property or to pay sump swurad by this Security Instr iniemt. whether or not then &e. The 30•day period will begin
<br />when the notice is given.
<br />Unless Lender and Borrower otherwise apm in writing, 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 />trader paragraph 19 the Fropoatty is acquired by Lender, Borrower's right to any insurance policies and proceeds resulting
<br />front dantame to the Pr trperty prietr to the acquisition shall lass to Lender to the extent of the sums secured by this Security
<br />instrument immediately prior to the acquisition.
<br />6. Pf r"d4way itMatea�Ce ohiPreigarty: Lrtateioida, Borrower shalt rot destroy, damage or substantially
<br />Charlene the Property,. allnw lice Property to deteriorate or commit waste. if this Security Instrument is on a leasehold,
<br />6orrowe:r%Wl comply wtth the pralisions d>{the lease, and if Borrower acquires fee title to the Property. the leasehold and
<br />feetitdeshall not merge unless Lender agreesto the merger in writing. t�tsaraaee. if Borrower faro to perform Ute
<br />7. PrNat:tlora d i retder'sr R1#b b Hue PrNatrty; Mortgage
<br />covemnts and &Xmine►tscontained in this Security Instrument. or there is a legal proceeding that may significantly affect
<br />Lender's rights in the Property (sucih as a proceeding in bankruptcy. pramte. fur v, ildernflatkm or to rnfirts; l:Ws er
<br />regulations), then Fender may doand pay for whatever is nectssary 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 hen wbtch her. pnonty oter this Se�urety
<br />imtrumctrt. appearing en court. paying re ssonaMe attorneys' fees and entering can file Property to make rcpaers A1t;-uugh
<br />Lender may take actr(m under this paragraph 7. Lender does not have to do sr,.
<br />Any amounts disbursed by Ituder under this paragraph ?shall 1mveme addiwanal debt of K)rrt)%Cr secured t3y this
<br />Security in%lrumtnt Unless. Mmowe rand ttnder agree to other termsnf Payment. thetcamuunts shall Near enterest front
<br />the date cif di%bufwrnmt at the Norte rate andf shall, be payable. ueth interest. upim noiw..e from i ender it, 11111 t.M-er
<br />requesting peeynrent
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