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oil UNIFORMCC)VENA?CM BOrr-MeraWL&n&rCMf"effA*fttmdagreeasfoRows.- 99--ow 104668 I. ft7swaltelftiodpal sad Lae Charles. BoffowerRMI promptly pay when due the principal ofand interest bn the debt evilltmaed. by the Note and any prepayment and late charges due under the Note. L Fook for Taxes oW lenraoct.. Subject to applicable law or to a writtom,"Ner by Lender, Borrower shall pay to Lender on the day monthly payments are due under the Note, until the Note ii paiifin- W. a sum ( "Funds ") equal to one tweMb of (a) yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly le"ChOM payments cc secured rents on the Property, if any, (c) yearly hazard ins Mpa.-premiums; and (d) yearly IRWISW insurance prew4wif any. Then item we caked •escrow items.• Lender maytuliftate the Funds due an the bask ofaunmutdata anit r=songbleestimatesorfumnacgow item. The Funds shall; I* beU fit =j'jimlitution the deposits or accounts Of which WiiWMd .W guuaranteed by a federal or state agency (including Leader if Lender is such an institutiaa). Lender shall spplp,the 0"unds to pay the escrow items. Loader may not charge for holding and applying the Funds, analyzing the acwunt-.0 V0, ffying the escrow items. Wilm EMWW PSYS Borrower intereu on the Funds and applicable law permits Lender Wmake such a charge: Borrower no WAY agree in writing that interest shall be paid On the Funds. Unless an agreement is made or applicable law paid. Leader shall not be required to pay Borrower any interest or earnings on the Funds. Lender IAWSnM-ftvorro wen, Witboutcharge, An annual accounting of the Funds showing credits and d&ft to the Funds and the purpose ftWhWh9Wb-d4W to the Funds was TFUR& The Funds are pledged as additional security Car the sums secured by IYAMAR100=0the Funds held by Lender. together with the future monthly P&ynM1S0'f? IF-=:ds payable prior to thedue&hma the escrow ite111% shall exceed the amount required to pay the escrow items wbdn,± , the exc'mishall be. Alloptiom either promptly repaid to Bwowercr credited to Borrower on mWhk�*- �Ovicnts of Funds. If the .1 . . =4the Funds, held by Lender is not suftient to pay- the escrow items when due, Hbffcv wohill pay to Lender any amount necessary to makeup the deficiency in onemvwm payments as required by Leader. Upon payment in full of all sums secured by this Security instrument, Lender "I pro Way refund to Borrower any Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender. Lender shall apply. no later than immediately prior to the sale of the Property or its acquisition by Lender. any Funds held by tender at the time of application as a credit against the sutras secured by this Security Instrument. 3. Applicedois of PaymeatiL Unless applicable law provides otherwise. all Payments received by Lender under paragraphs I and 2 shall be applied- first, to late charges due under the Note; second, to prepayment charges due w0a the Note; thirdrttv amounts payable under PWMNPh 2; fourth, to interest due; and list, tea principal due. 4 Chia0m][3nwa. Borrower shall PAY all taxes, asunments. charges. finaxadimpositicos attribmWf.- to the Property w.fwh may attain priOritY.Over this Security J[Mrwnent. and kRSCh0W PaYments or imund rents, if any. BWnMCr 01111 pay these obligations in the manner provided in paragraph Z or if not *4 M" that mwner. Borrower shall pay them 4= time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts to be paid Wider this paragraph. If Borrower makes them payments directly. Borrow at -shall promptly furnish to Lender receipts evWaminS the payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the hen ix a manneracceptable to Lender, (b) contests in good faith the lien by. or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the enforcement of the lien or forfeiture of any part of the Property; 0- (c) secures from t he hol de r of the lien an agreement sataActory to Lender subordinating the lien to this Security Instrument. If Lender determines that any pan of the Propffty is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of notice. S. Hazard 1111811TA110e. Borrower shall keep the improvements now existing or hereafter cmted on the Property insuredsptlxnt loss by fire, hazards included within the term "extended coverage" and say other hazards for wbida Lender requires iutr;tance This insurance shall be maintained in the amounts and for the periods that Lender requires. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lenders approval which shall not be unreasonably withheld. tE All iWurarw policies and renewals shall he acceptable to Lender and shall include a standard mortgage clause. Lender shati.h*ve the right to hold the policies and renewals. If Lender requires, Borrower shall promptly give 10 Lender all receipts of paid premiums and renewal notices. In the event of loss. Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. - Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall he applied to restoration of repair of the Property damaged. if the restoration or ltPsir is economically feasible Lender's and security is not lessened. If the rM1190111160111 Cr-repair is not economically feasible or Lender's security would be lessens l, the insurance proceeds "I be 41091ild to At sum secured by this. S=rity Instrument. whether or not then due, with any excess paid to Borrower. If BMTMer ahwklons the Property, or does not answer within 30 days a notice from Lender that the insurance carrier has ofted to settle a claim. then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore the Property Or to pay UMS Secured by this Security Instrument, whether of not then due. The 304ay period will begin when the notice is given. Unlesa Lender and Borrower Otherwise agree in writing, any lipphcation of proceeds to principal shall not extend or postpone the due date of the monthly payments referred o in paragraphs I and 2 or change the amount of the payments. K tBOffower's under paragraph 19 the Property is acquired by Lender. right to any insurance policies and proceeds resulting frown darnage to the PMPC'tY Prior to the acquisition shall to Lender to pass the extent of the sums secured by this Security Instrument immediately Prior to the acquisition. 6. Pmernom sad maintmuceolpf"ero-,142wbokb. Borrower shall not destroy, damage or substantially change the Property, allow the Property to deteriorate or commit waste If this Security Instrument is on a leasehold. Borrower shall comply With the provisions of the lease. and if Borrower acquires fee title to the Property. the leasehold and fee title shall not merge unless Lender agrees to the merger in writing. 7- PrIf4dim of Letideir's Mob in the Property; Mort~ Ifturgiice. if Borrower falls to perform he cavenafta and Weementt contitned a- this -smurity lmtru -nt, or these is a lepi plucceding that may signIficanIty SITCCI Leader's tights in the Property Ouch as a proceeding in bankruptcy, probate, for condemnation or to enforce laws or f9lubtions). then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property. tender's actiows may include paying any cams secured by a lien Which has pno7ity over this Security IRKrummt. appearing In court, paying reasonable attorneys* fees and entering on the Property to make repairs. Although Lender may take action under this paragraph 7. Lender does not have to do w Any amountsdjsbLijj0jtry Lender under thir. psralfilpirl -7 $flail beceme addittonal debt of Borrower secured by this Security Instrument Unless Borrower and Lender agree to tither terms of pa!,ment, these amounts shall beat interest from the date of &ftrsement at the Note rate and shall he rayaMe. with tritetest. up(m notice from Lender wo Dnrinwef I'llQuOtInS Payment