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<br />UNIPOitM COVENANTS Borrower and Lender covenant and agree as follows-
<br />1. lf'ayaaeat of prittelpd tied Iateratl Pmpaytaestt and Late Charges. Borrower shall promptly pay when due
<br />the principal ofand interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />2, blinds ft Tana sad Insuraaee, Subject to applicable law or to a written waiver by Lender. Borrower shall pay
<br />to Lender an the day monthly payments are due under the Note. until the Note is paid in full, a sum ( "Funds") equal to
<br />one-twelfth of- (a} yearly lanes and assessments which may attain priority over this Security Instrument; (b) yearly
<br />kateltold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortgage insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the
<br />basis of 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 (including Leader if Lender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Lender may not charge for holding and applying the Funds. analyzing the account or verifying the escrow items, unless
<br />Lender pays Borrower interest on the Fiords and applicable law permits lender to make such a charge. Borrower and
<br />Lander may aa-roe in venting that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br />requires interest to be paid, Lender shall not be required to pay Eorrower any interest or earnings on 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 made. The Funds are ptedged as additional security for the sums secured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to
<br />the due dates of the escrow item shall exceed the amount required to pay the escrow items when due. the excess shall be.
<br />at Borrower's option, either prrstaiptly repaid to Borrower or credited to Borrower on monthly payments of Funds. if the
<br />amoumtt of the Funds held by Ltbxdrs is not sufficient to pay the escrow items when due. Borrower shall pay to Lender any
<br />amomt necessary to make up d ie dnficie cy in one or more payments as required by Lender.
<br />Upon payment in t`uDt afi ag sums secured by this Security Instrument. Lender shall promptly ref rod to Borrower
<br />any Funds held by 1L=dcr. Off mb.fa paragraph 19 the Property is sold or acquired by Lender. Lender shall apply, no later
<br />than immediately prior to urea sale of the Property or its acquisition by Lender, any Funds held by Lerukr as the time of
<br />application as a credit agaim die trams secured by this Security Instrument.
<br />& Apliicatiaa of Pages MOM Unless applicable law provides otherwise, all payments received by Lender vender
<br />paragraphs 1 and 2 shail be applied.: first, to late charges due under the Norte; second. to prepayment charges due under the
<br />Note third, to artments payable under paragraph 2; fourth, to interest dries and last. to principal due.
<br />6. Clarpq Liens. Borrower shall pmy all taxes, assessments, charges, fines and impositions attributable to the
<br />Property which may attain grriiiRtAy,over tLas Security Instrument. and leasehold payments or ground rents, if any.
<br />Borrower shall pay these obl *Oars in the v=ner provi**1 i, m paragraph 2, or if not paid in that manner. Borrower shall
<br />pay them on time directly to *.Ise gemn owed payment. 9=%o shall promptly furnish to Lender all notices of anuaunts
<br />to be paid tinder tbis paragraph. W iilmrrew•er ankcs these payments directly. Borrower shall promptly furnish to Lender
<br />receiptsevideacaa g the Pb'ntMrs.
<br />gorrowta sZ2a11 prompub. dlisc!earge'atmy 44n which his priority over this Security Instrument xntcsss Sommer; (a)
<br />agates tiara writing iatbre pia, ae iaf sthe obligation secured by Oe lien in a manner accrprzbEe to lender, (b) contests r x good
<br />-iii. u' is i' .. v, v*i3O-- --k-k- d; =fOrce.Tent of the tee- im seVI proce!dingc whick in the Lender's opinion operate to
<br />prevent the enforcemmt: of the lien or forfeiture of any part of the Property; or (c) secures from the holder of the liars an
<br />agreement satisfactory'ro Lender subordinating the lien to this Security a sirument. If Lender determines that any part of
<br />the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br />of the giving of notice.
<br />S. Hazard Isaaranee. Borrower shall keep the improvements now existing or hereafter erected on ube Fsoperty
<br />insured against loss by fire, hazards included within the tetra' extended =vie>r4e" and :4rqy other hazards for 1h&-h, Lender
<br />requires insurance. This insurance shall be maintained in tee amounts ami' for tht periods tha.t Linder t om. The
<br />insurance carrier providing the insurance shall be chosen by 1%rmwrer s010,act to Lender's appr&aE atsb Js sbm2 not be
<br />w .ttsonably withheld.
<br />All insurance policies and renewals shall be accep aVir to L=d='and shall incPu de a standard mortgage dawr..-
<br />Lettci rs shall have the right to hold the policies and renm its. DC Lend es reslaires, Borrower shall promptly give to llOW er
<br />all receipts of paid premiums and renewal notices. In the event of loss, Llo=awer shall give prompt notice to the insurance
<br />carrier and Lender. Leader may make proof of loss if not made promptly by. li?orrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair
<br />of the Property damaged. if O i trstoration or repair is economically feasible and Leader's security is not lessenetd. Of the
<br />rogmtion or repair is not ecouninically feasible or Lender`s security would be lessece L the insurance proceeds shall be
<br />api had to the sums secured by diis Security Instrument, *hther or not then due, wash any excess paid to Borrower. If
<br />lifrortriwer abandons the Property, or does not answer within 30 days a notice from Lord er that the iimsurance carrier has
<br />of1`d rid to settle m claim. then Lender may collect the insurance proceeds. Lender may, use the precea , to repair or restore
<br />tl to Ltt55aperty or to pay sums secured by this Security Insttvwnent, whether or not thin. due. The 30-4sy period will begin
<br />whets flM.itctiet is given.
<br />Unless LerWer and Borrower otherwise agree in wntimtz, any application of procwis to principal shall not extend or
<br />postpone the due &:e of the monthly payments referred to iri paragraphs 1 and 2 or change the amount of the payments. if
<br />under paragraph 19 the Property is acquired by Lender, Borrower's rtglic to any insurance policies -wid proceeds resulting
<br />from damage Ea the Property prior to the acquisition shall pass to h.ender to f.lie eatenP iaf the sums secured by this Security
<br />Instrument immediately prior to the acquisition.
<br />6. Preservation =d 1FL steaaeee of Proper% , L,osseholds. Borrower shall net: destroy, damage or substantially
<br />change the Property, allow the Property to deteriorate or commit waste. If this Security Instrument is on a leasehold,
<br />Borrower shall comply with the provisions of the lease, and if Borrower acquires fee title to the Property, the leasehold and
<br />fee title shall not merge unless Lender agrees to the merger in writing.
<br />7. Protection of Leader's Rights in the Property; Mortgage Insurance. If Borrower fails to perform the
<br />covenants and agreements contained in this Security Instrument. or there is a legal proceeding that may significantly affect
<br />Lender's rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws or
<br />regulations), 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 pnonty over this Security
<br />Instrument, appearing in court. paying reasonable attomeys' fees and entering on the Property 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
<br />Security Instrument. Unless Borrower and Lender agree to other terms of payment, these amounts shall bear interest from
<br />the date of disbursement at the Note rate and shall be payable. with interest. upon notice from Lender to Borrower
<br />requesting payment.
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