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105292
<br />01111111110 104655
<br />UjqlFox%jCovwAm Borrowa and Lender covenant and ajj,: .-
<br />j0 psyl ot. at, tN.HKjpg WA I PvqMkyvwm and Late Chargm Borrower shall promptly pay when due
<br />the principal aland int4ttw_A on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />slkt*t to applicable law or to written waiver by Lender. Borrower shall pay
<br />psi ')equal I
<br />to Len4er on Afr4ay mairithly. payments am due under the Note. until the Note is paid 0
<br />one-twelfth of (f4'yearly taxer and assessments which may attain priority Over this Security Instrument; (b) yearly
<br />I"Whold I*y.tM*j3 or around rents on the Ptoperty, if Any; (c) Yearly NOM Olumme premiums; and (d) Yearly
<br />mortgage inquraf�g premiums, if any. These items acre called "escrow items." Lender may estimate the Funds due on the
<br />The Fund,jisji be held in an institution the deposits or accounts of which are insured or ilaranteed by a federal or
<br />yancy (mc.bidiPS-Lend1tr if Under is such an institution): Leader shall -apply the Futlds. to pay the escrow items.
<br />, .1 . i ri be c5c littris, unless
<br />-Laddr:oay.,ncA�,gbikrptlorholdiag-wd--app y.ing-the-FurA&..an*10691ht-ace6untorven.fYi St VOW
<br />Lender psy.%.aAwtr interest on the Funds and applicable law permits Lender to nuke such a charge Borrower and
<br />Led = on the Funds. Unkss an agreement is made or applica ble w
<br />Lender may aoO* in writing that interest shall be p
<br />comings a e FuzidC. Unde
<br />requim interest. tjibc paid, Under shall not be required to pay Borrower:any interest or in o the r
<br />shaN.11'Wi., t0ft"dOwer. without charge- an annual accounting of the Funds showing credits and debits to the Funds and the
<br />p urpmfbr, 4*each debit tothe Funds was made. The Funds are pledged as additional security for the sums secured by
<br />this Secti6q• '.0rument.
<br />ti'll to.q" ln cunt of the Funds held by Lender, together with the future monthly payments of Funds payable prior to
<br />the due disio of the escrow items, sh4 exceed the amount required to pay the escrow itcns�:when due. the excess shall be,
<br />ate Hdrmw4!i option, either promptly repaid to Borrower or credited to Borrower on nw—vShly payments of Funds. If the
<br />amnitoZrthe Funds held by Lender is not suffi(rient to pay the escrow items when due- Borrower shall pay to Lender any
<br />8111040111ccess1kry to make up the deficiency inomaqrmorc payments as required by Lender.
<br />payment in M of all sums securvo.kw. this Security Instrument, Lender shall promptly refund to Borrower
<br />, nV!iu'n'&-1%dd by Lender. If under pafagraph) ?-Afie Property is sold or acquired by Lender, Lender shall apO�,,,"n'o`Iattr
<br />lhali Imme4ately prior to the sale of the Prope M. or its acquisition by Lender. any Funds held by Lender at 1ik- 6ne of
<br />icatiob as a credit against the sums swundbythis Security Instrument.
<br />3. Application of Paynents. Unless applicable law provides otherwise. all payments received by Lender under
<br />paragraphs I and 2 shall be applied: fbm to late charges due under the Note. second, to prepayment charges due under the
<br />- fourth. to interest due; and last, to principal due.
<br />Note, third, to amounts payable undue paragraph 2, u
<br />o
<br />4. Charges; Liam Borrow shall pay all taxes. assessments, charges. fines . and impositions attributable to the
<br />.?roperty which may aft—am priority over this.Sitetarity Instrument, and leasehold pirp=erits or ground rents. if any.
<br />I%ffower shall ; pay them obligations in the man-, . aw ptovided in paragraph 2, or if not paid in that manner, Borrower shall
<br />I notices of amounts
<br />.,pay them on time directly to the person owed payment. Borrower shall promptly furnisb.to Undtir all
<br />fUM,Sh!.
<br />to be paid izder this paragraph. 11-,Bi�rjrower makes these y.n.j.-m--rits directly, BorrowersbAl prompt to) Lender
<br />y
<br />Borr'"Cr SbA4, rmmptly discharge any ti§m which has priority over this Security Instrument unless Borrower: (a)
<br />agrees in Writing tent. 4p Vimeni of the obliption'secured by the lien in a manner acceptable to Lender; (b) contests in good
<br />faith the Wit by, or ddeitds against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of the lien ox, forfeiture of any part of the Property; or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender sutiWinating the lien to this Security Instrument. If Lender determines that any part of
<br />the Property is Subject to a lien which may Am
<br />,Ii.j priority over this Security Instrument. Lender may give Borrower a
<br />notice identifying the lien. Borrower shall sati!&�jfte lien or take one or more of the actions set forth above within 10 days
<br />of the giving of notice.
<br />S. #.;s?Ard Insurance. Eorriwer shall• kccp the irrmn 4cinwits now existing or hereafter erected on the Property
<br />--)y other hazards for wbialt-Under
<br />insured ag;.jiinsl loss by fire, hat7ardiAikichWed within the terr.- ' '�xtended coverage',* and,,
<br />requires insurance. This insuTance"I(voll be maintained in a! amounts arid, f� r Oba, ptwiods that Lender requjr4ls. The
<br />'a approval which shall not be
<br />insurance carrier providing the insurance shall be chosen by Borrower -i ki6a,W, k4nder s ap
<br />unreasonably withheld.
<br />All insurance policies and rMiewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br />Under shall have the right to hold'i i M policies and renewals. If Under requires,, Borrower shall promptly give to Lender
<br />all receipts of paid premiums and renewal notices. In the event of loss, Borrower shall give prompt notice to-the insurance
<br />Carrier and Lender. Lerx!vr may make proof oft; m Irnot made promptly try. Horrower.
<br />Unless Lender a,,W Borrower otherwise alppw-in writing, insurance pivcceds shall be applied to restoration 01'repair
<br />of the Property damaged. if the restoration or repair is economically feasible and lender's security is not lessened. If the
<br />restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be
<br />applied to the sums secured by t his Security Instrument. whether or not then due. with any excess paid to Borrower. If
<br />)borrower abandons the. Property. or does not amwer within 30 days ainouce from Lender that the insurance carrier has
<br />ollered to settle a claim, then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore
<br />the Property or to pay sums secured by this Security Instrument, whether or not then due. The 30•day period will begin
<br />When the notice is given.
<br />Unle,.-. Lender and Borrower otherwise agree in writing, any application of pro Beds to principal shall not extend or
<br />postpone the due date or the monthly payments referred to in paragraphs I and 2 or change the amount of the payments If
<br />under paragraph 19 the Property is acquired by Lender, Borrower's right to any insurance policies and proceeds resulting
<br />from damage Ici the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security
<br />Instrument immediately prior to the acquisition.
<br />6. Preservation and Maintenance oll'Property: Leaseholds. Burrower shall not 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 leave. and if Borrower acquires fee title lo the Propr , 14C leaselld and
<br />m
<br />fee title shall not merge unless Lender agrees to the merger witting. 4 t ).
<br />7. Protection of Lender'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 legal proceeding that may significantly aff•ct
<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 nece,.sar) to ptotect the %atue of the Property and Lender's, rights
<br />in the Property. Lender's actions may include paying any suirs secured by a licit which has prtoniv over this Sccormy
<br />instrument, appearing in court, paying reasonable allorney•' feci and entering on the Property to make repairs Although
<br />Lender may rake act under ibis paragraph 7. Lcuderdoc, nit have to do'.0
<br />Any arnounis dithu"ctl hy Lender under thm jam_Rrarl, 7 shall become addit li,11:11 dcht of Wit rou er secured by the'.
<br />S&Ufayinsirument Unici-, Borcower and Lender agree to other term,, of payment, i hc;.e airrount % shall bear interest from
<br />the date of di%humerricnt at the Note rate and shall tic pauahle. with in-crest. t1flill P;lttce frotit I cmier to l0rrol%tr
<br />requimi Ing rayinvilt
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