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tom. ■r 5 . -]a . . fir I 104730 UNIFORM OMMAVIS. Borrower and Lender eoveru int and agree as follows Y. Paymsat of PHaeiipal and httreet; Pttepayatsat MA late danger. Borrower shall: promptly pay when due the principal of and interest on the debt evidenced by the Note and any prepayment and lutechargdpi due under the Note. & Finis fir Taxoa isad laassrsiam Subject to applicable law or to a written waiver by Leader. Borrower shall pay to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum ("Funds ") equal to one-twelfth of (a) yearly taxes and assessments which may attain priority over this Security. Instrument: (b) yearly lea dwld wyments or iratind bents on the Property, if any; (e) yearly harard insurancii premiums; and (d) yearly. >•orWV iaamanoe pr+emsivaass. if arty. 'These items are called "escrow items." Lender may estietiate the Funds due on the bob ofctsrreat data and resKmA eestimatesoffutureescrowitems. Tito Funds dads be held in an institution the deposits or accounts of which ape insuntid or guaranteed byte federal or sleds Macy (imclsidiig Leader if Leader b such an institution). Leander shall apply the Funds to pay the escrow items. Laden uses scot charge for holding and applying the Funds, analyzing the account or verifying the escrow item% unkas iLsder pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower aisd: Lender may agree in writing that interest shall be pod on the Funds. Unless an agt+ct r e6 is;. made or applicable tzar roegspea ntterest to be paid. Lender shall not be required to pay Borrower any interest at earztfngs on the Funds. Lender tsbaY give to Borrower. without charge. an annual eaccounting of the Funds showing chits srid &&ts to the Funds and the purpose for which ewh debit to the Funds was made. The Funds are pledged as additiotialisw iirityr for the sums secured by tW Socmity Iraartstnent. fl_tt a_ .*ant of the Funds IM by L--Ater, to mh_-r with thy: fututc monthilk pi►yineots of Funds payable prior to the due dates of the escrow items, shall exceed the amount required to pay the ester items ii hen-due, the excess shall bq at Dwroftes option, either pamtptly repaid to Borrower or credited to payments of Funds. If the alt ut of the Funds held by Letsder is not sufficient to pay the escrow items when due. Borrower shall pay to Lender any ataoisat necessary to make up the deficiency th one or more payments as required by Lender. Upon payment in full of all sums: srx red by this Security Insttumenti1ender shall pmmptly refund to Borrower any Funds held by Lender. If under Wh paragt 19 the Property is sold or acquired by Lender,; tender shall apply. no later than immediately prior to the the property or its acquisition by Lender, any. Funds. held by Lender at the time of apphc adoo as a credit againal sums secured by this Security Instrument, 34 A/Nitatiaa of PaStaseats. Unless applicable law pravidtstitherwis, rile payments received by Lender under paragraphs I and 2 shall be applied: first. to late charges due under the Nate; seoti*d., to prepayment charges due under the Note; third, to amounts payable under paragraph 2; fourth. to interest due. and last;; LW" principal due 4 CbNWM LimL Borrower shall pay all taxe% amenments, charges,, ifimr i mW impositions attributable to the Property which may attain priority. over this Security Instrument. and IessebrAd payments or ground rents. if any. Borrower shall pay these obligations in the manner provided in pa nS.r;ph 2, or if lint paid in, that manger. Borrower shall pay them on time directly to the person owed: payment. Borrower ahatl: promptly furnish to Lwder all notices of amounts to be paid under this paragraph. If Borrower makes these payments kris. Borrower shalt) Vatraptly furnish to Lender receipts evidencing the payments Borrower shall promptly discharge any lien which-has priority over this Security Instrument unless Borrower: (a). AVM in writing to the payment of the obligation secured by the liter in a manner acceptable to Lender. (b) contests in good faith the lien by, or defends against enforcement of the lien ist, legal proceedings which in the Lender's opinion operate fm prtvent the enforcement of the lien or forfeiture of any part of the Property; or (c) secures from the holder of the lien am agreement satisfactory to Lender subordinating the limn to this Security instrument. If Lender determines that any part of the Property is subject to a lien which may attain prfarity. over this Security Instrument, Lender may give Borrower a rwtimWkimtifying the lien. Borrower shall satisfy she lien or take one or more of the actions sot forth above within 10 days of the viving of notice. S. Hazard Istavnace. Borrower AM keep the improvements now existing or hereaftm erected on the Property itsurtd against loss by fire, hazards included within the term "extended coverage" and any other hazards for which Lender requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The insurance carver providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be unreasonably withheld. All insurant* policies and renewals shall be acceptable to Leader and s?. dl include a standard mortgage claamre, `. . Larder shall have Ow right to hold the policies and renewals. If Lender requires, &rrower shall promptly gj ve to Lender All roee4Adu.0f lXd premiums and renewal notices. In the event of loss. Borrower thWl. give prompt notice mtAe insurance carrieriartdf°TWeradtr. Lender may make proofcf loss if not made promptly by Borrower 'L' ak%s Lender and Borrower otherwi.At agree in writing, insure -nw proceeds shall be applied to restoraT.on or rem . of the Property dKmeed. if the restoration ar repair is economically C�..wble and Lender's security is not lessened. If (:Late; restorasictn or repair is not economically feuible or Lender's security would be lortsened, the insurance protateds shalt t e applied to the sums secured by this Security Instrument. whether or art thm due;- with any excess paid try Borrower. if Bonostiet abandons the Property, or does not answer within 30 days a nutim from: Lender that the insuratm, artier has ofend to settle a claim, then Lender may collect the insurance proGazdt; (tinier, nay use the proceeds to repair or restore the Property or to pay sums secured by this Security Instrument, %f etrr or meat 'hen due. The 30day period will b*n, when the notice is given. Unless Lender and Borrower otherwise agree in writing, any application cf'�Y=eeds to principal shall: net extend or postpose the due date of the monthly payments referred to in paragmphs 1 and 2 ear change the amount ofth payments. if ssssder paragraph 19 the Property a acquired by Lender. Borrower's right to any insurance policies and proceeds resulting from damage to the Property prior to the acquisition shall pass to Len4,m -r to the extent of the sums secured by this Security instrument immediately prior to the acquisition. i reawrsation sad hlalotemm" of Propertv; ttONAWdL 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 lessehold and fee tide slcall not merge unless Lender agrees to the merger in writing. 7. pintect m of '.eider's Rigbb is the Property; Moartgnge laarraaee. If Borrower fails to perform the ice [rrasaatsaesdsgrcemrnrero!t..L thta purity Inmri:ir eat, or thcrz is a legal proc Vdina that may significantly affect Ld+aier's rights in the Property (such as a proceeding in bankruptcy. probate, for condemnation or to enforce laws or NOW6 Lora), then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights is the Property tender's actions may include paying any sums secured by a lien which has priority over this Security iMtraasent, WOMB irs court. paying reammablc attorneys' fees and entering an the Property to make repairs. Although 4er4er may take xenon under this paragraph 7. !.ender dries not ha,, a to do so Any amounts ddsbume+d by Lender under this paragraph 7 shall become additional debt of Borrower secured by this Sacunty Instrument. Unless Borrower and Lender agree to other terms of payment, theseamaunts shall tear interest froin the date of dnburver rent at the Vote rate and shall he payable. with interest, upim notice from Lender to Borrower riequestang Mine" 7 ssssr