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<br />89 10530,2
<br />UN15MM MVENAMIE. Bo(r ow and Lender eovesatit and agree as follows.
<br />>L l*M" of wad lowda; PiraFy ad IAW Ch1gPs. Borrower shall promptly pay when due
<br />the riticipal of and intett -oar the debt evidenoed by the Note and any prepayment and late charges due under the Note.
<br />2. PYaia tie Taxes mil lea won. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Larder oat the day ttaattltly payments are due under the Notei until the Note is paid in full, a sum ("Fun(s") equal to
<br />osaatweft 06 (a) Yar1y taxes aM assessments which may attain priority over this Security Instrument; (b) yearly
<br />kewhoid payttstatts or gmowtd rents on the Property. if any; -(c) yearly hazard insurance ptentiums; and (d) yearly
<br />.tttattgage MMMVXW preativaim if any. That item are called "escrow items." Lender may estimate the Funds due on the
<br />_ice_ icafcrtmeatdataAFAteaso!" —ti ..warps••. menre —w .. —
<br />Tbc Fondsshall beheld inan institution the deposits ortxxzounts of which are insured or guaranteed by a federal or
<br />�FE (itJcb diiitg Lender ifLen det is such as ittstitutioo). Leader shall apply the Funds to pay the escrow items.
<br />sot-d wrie- for bolding arad applyingi& Feaft wWytina the account of vertilying the escrow+ items, unkss
<br />Borrower interest on the Funds and appticabk law permits Lender to make such a charge. Borrower and
<br />Lender esay egret: in wri ft that it24rat shall be paid on the Rands. Unless an agreement is made or applicable law
<br />roquires interest to be paid, Loader s>l�bk' prat be required t '
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<br />o B pay any tnterrest or earnings on the Funds. Lender
<br />shall give to Focn*er, :writhout chulM a manna! accounting oft -Eilnds showing credits and debits to the Funds and the
<br />ptarpaae for wtia"r.�irciw .i¢ toe' Funds was ma&. Me Futtdsi ;m a pledged as additional awul ity for the sums secured by
<br />tw$semdty It -xiteit:
<br />If the amount of t?& F amds held by Lender. Nether with the futuie M deWnly payMMN: a`±f n a able prior to
<br />the due dates of the escrow items, shall exceed the amount required _i0 pay t meow item'+- -T a `� €tjaexcess shrill Lae.:::
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<br />u 8orrowrees. lion. either promptly sr l to Bot' wgr or credited to BortdW4r on me6(t4'payments of Funds, °1�
<br />attaount of the Fuusds held by Le�rttder issuttsuflteie;'r pay the escrow items w date; B4t surer shall pay to Len*
<br />VOWAnt necessary to, rr er bedefrciency is ont --,w mre payments as rtgtiitadtl .ender.
<br />Upon PaynW.0 'itt'fu,.i of all sums secured by this Security Instrument,, I:.ii;tt`der shill promptly refund to Borrgwiei
<br />any'Funds W0 1,4` If under pantgraph 19 the Property is sold or acquired by L cancer. Lender shall apply, nst:1;31i:r
<br />than immediat grior to the sale of the Property or its acquisition by Lender; any Furry field by Lender at the fiiif.
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<br />application as s riedit against the sums secured by this Security Instrument.
<br />3. A1100110os of Payrateats. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs 1 and 2 shall be applied: first. to late charges due under the Note, second, to pro, payment charges due under the
<br />Note, third, to amounts payable under paragraph 2; fourth, to interest due; and last, to prinsjteal due.
<br />d.. Cam; dens. Borrowercitull pay all taxes, assessments. charges, fines wit—impositions attributable . iv tie
<br />Property wkicb may attain priority comer this Security Instrument, and leasehold pay- n-vpts or ground rents, if y.
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<br />Bmrower shall pay these obligations in -the manner provided in paragraph 2, or if not paid in that manner. Borrower shall
<br />pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph_ If Borrower makes these payments directly, Borrower shall promptly furnish to Loider
<br />receipts evidencing the payments.
<br />Borrower shall promptly discha -W.- any lien which has priority over this Security Instrument unless Borrower: (a)
<br />AVM in writing to the payment of the &ligation secured by the lien in a manner acceptable to Lender; (b) contests in good
<br />faith the lien by, or dehrids atptinst enforcement of rite lien in, legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of ft lien or forfeiture of airy part of the Property; or (c) secures from the holder of the lien an
<br />agreement satisfactory to Leader suboriaan� ring t:;s !Lien to this Security Instrument. If Lender determines that any part of
<br />the Property is subject to a lien which =v, attainpriority over this Security Instrument,: Lender may give Borrower a
<br />notice identifying the Bert_ lloceower sh;O %itisfy the titn or take o-mr or more of the action {s :4t forth above within .to days
<br />of Wbrgiving of notice.
<br />S. Hazard Itasarasce. Borrower shall keep the improvements nou ,nmv 'ng or !•.*_utter erected on the
<br />insured against loss by fire. hazards indr,&A within the term "extarnded a;, 4:S ,4• —'" and aaFi' flier hazards for which 4xt her
<br />requires insurance. This insurance shall be maintained in the .ir,n :,rnzs a: d for the per faadi that Lender requ Ir'&p. The
<br />insurance carrier providing the insurance shall be chosen by 6-!m iwer subject ,to Lender's• approval wt; It shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals, shall be=t :eptable to Lender and shall include a standard rr :irLgage clause.
<br />Lender shall !rave the right to hold the 5i,liues and renewals. if Lender requires. Borrower %flail promptly 0-ie to Lender +f
<br />all receipts of- ptid premiums and rene* , iaot z-s. In the event of toss, Borrower shall give prompt notice to the insurance
<br />carrier and Lender. Lender may make prcafof loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or rtpsir '.
<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 Earns secured by this Security Instrument. whether or not then due, with any excess paid to Borrower. If
<br />Borrower abartdtn ;s the Property. or does not answer within 30 days a notice from Lender that the insurance carrier has
<br />oCtrtd to settlea claim, Burt Under may collect the insurance proceeds. Lender may use the proceeds liwrepair or restore
<br />thrr kTroperty.or to pay sums secured by this Security Instrument, whether or n:�t then due. The 30-day period will begin
<br />wfii tithe notice is given.
<br />Unless: Lender and Borrower uih.erwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the dg date of the monthly pk.� tt,ents referred to in paragraphs i and 2 or change the amount of the payments. If
<br />under paragraph 19 the Property• i%m4uired by Lender, Borrower's right to any insurance policies and proceeds resulting
<br />from damap to the Propesty'p iiEr tZ; the acquisition shall pass to Lender to the extent of the sums secured by this Security
<br />lnstrumenz i- frimediately prisr co theacquisition.
<br />i. Picurvation and Mainttaasee of Property; Leasebolds. Borrower 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 shalt comply with the provisions of the lease. and if Borrower acquires fee title to the Property, the leasehold and
<br />lee title shall not merge unless Lender agrees to the merger in writing.
<br />7. ProtedW@ of Itedees sights is the Property; Mortgage Insurance. If Borrower fails it) 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, far condemnation or to enforce laws, or i
<br />regulatiamy, then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender'% right%
<br />to the Property. Lender's actions may include paying any sums secured by a lieu which hav pnonty over thtc Sccuruy
<br />Instrument. appearing in court, paying reasonable attorneys' fees and entering on the fropeny to make repair. Although
<br />Leader 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 addrnonal debt of 13nrroser %et a red by thrt.
<br />Security Instrument. Unless Borrower and Lender agree soother terms of payment, these anivonis shalt bear rrtrerctt from
<br />the date of disbursement at the .Vote rate and shalt tx payable, with rntcrc.t. upon notr�c from I ender to limrot.c•r
<br />requesting payment.
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