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105305
<br />1.tti71bR1tC %WANT Borrower said lRnder covensat sod spree m follows:
<br />L Pip #raig et It4ise1p a ate Iniffnk Anm naiwt ad Laihe OMW Borrower Sul pfmpdy pay when due .
<br />the principalofaid interest on the debt evidnee by the Notemil anypvlayment and latecharges due under the Note.
<br />Z, @pia for Tnta aid Ini raws. Subject to atppiimble law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day m cithly payments are due under the Note, until the Note is paid in fuel, a sum ( "Funds ") equal to
<br />one- twelfth of: (a) yearly assess and neen eats whicb_tmay attain priority over this Security Instrument; (b) yearly
<br />laaa bold- paymeats or ground -oasts on the Property. if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />m0r4 hmra= premiums6 if my. 7bew items are eaitad "escrow items." Larder may estimate the Funds due on the
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<br />'i'ht: Fords sW be bed in" institution the deposits or aaaawtts of which are insured or guaranteed by a federal or
<br />attare VMq (including %eider if Lander is stwh an insouti in). Leroader shall apply the Funds to ;ny the escrow items.
<br />Leader taaiiy. not charge for hoiditsg-aad appllyvt the Fuadt. andyring,the atcctsttat of vtrOY ir�.#le:aeiow items, unless
<br />Leader pars Borrower intetuest an the Funk end appliaila6e law permits Lender t6:tttkc $Qch 4'c3rpW B14k-owa and
<br />Leader My agree din writing that interest shalt be paled ;.tII . i"irada:- [Jaiese eta: atrtt iis.fiise.laf. law
<br />to be. Leader shall not be
<br />:ts,
<br />sly Y � . e .. ai !ii 1#tty it►t6i�i rxtaotni � � t ;�i�s; Lctdec
<br />' give r w Mont chirgG an attatiiril ertioa yiih* Fins showing =,edi",mdd i � tt9a2 i ,3�� i'`f>r '
<br />'; � pspt�``.',+�p�td:olebit to the Funds wss>> '>� � are pledged as additic>iiitd xcs:rt� ��-.eii:��.
<br />IC FUMMt 4 by Ex t ;together' with the future monthly payments Funds payable prior to
<br />#be ease aided of t:hais3arow itetrrs s r31 tatcmd the amourit required to pay the escrow items when due; the excess shall be,
<br />at Boric ier's o iti= either prof fa repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />aaisoant of the Funds held by I is not sufficient to pay the escrow items when due, Borrower shall pay to Lender any
<br />aisood rreoem ary to make up the de Sciency in one or more payments as required by Lender.
<br />Upon payment in full of aU sums secured by this Security Inurement. Lender shall promptly refund to Borrower
<br />any Fttads held by Lender. If under paragraph 19 the Property is sold or acquired by Lender, Lender shall apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of
<br />application u credit against the stuns secured by this Security Instrument.
<br />3. AnGesdavi of Paytau ew Unless applicable law provides otherwise, all payments received by Leader under
<br />paragraphs i and 2 shall be applied: first, to late charges due under the Note; second, to prepayment charges due under the
<br />Note. third, to amounts payable under paragraph 2; fourth, to interest due; and last, to principal due.
<br />k CbWM IAN& Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any.
<br />Borrower shall pay these obligations in the manner provided in paragraph 2, or if not paid in that manner, Borrower shall
<br />pay than an time directly to the person owed payment. Borrower shall promptly famish to Lender all notices of amounts
<br />to be paid under this paragraph. if Borrower makes these payments directly. Borrower shall promptly furnish to Lender
<br />receipttevide -wing the payments.
<br />Borrower shall promptly discharge any hen which hss priority over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation secured bi the lien in a manner acceptable to Lender; (b) contests in good
<br />faith the lien by. or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any put of the Property; or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security f7strument. If Lender determines that any part of
<br />the Property is subject to a lien which may attain priority o-rer this S-.,aq ty Instrumment, Lender may give Borrower a
<br />notice i*dtifying the lien. Borrawc shall satisfy the lien or tare one car r -iru-e of tGt actions set forth above wMinm 10 days
<br />ofthe g+,ii*Xaofnotice.
<br />S: 'l1laita A CtstRUt one Borrower shall ]keep the impsove,.r. ;�� e ; st9itg or herea.`ler erected un the Property
<br />insured against loss by fire, hazards included within the term "extends coverage" and any other hazards for which Lender
<br />requirrc insurance. This insurance shall be maintained iat cage amounts and for the periods that Lender requires. The
<br />insurawx carrier providing the insurance shall be chosen Ly, Borrower subject to Lender's approval which ihi?;l not be
<br />unreasonibiy withheld.
<br />All insurance policies and renewals sh- Wl be acceptable to Lender and shall include a standard mortgage clause.
<br />Lender shall have the right to hold the policies and renewals. If Lender 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 t1be insurance
<br />carrier and Lender. Lender may make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in %vAmg, insurance proceeds shall be applied to restoration at repair
<br />of the Property damaged. if the restoration or repair is =nomically fusible and Leader's security is not lessened.11 the
<br />restoration or repair is not economically feasible or Ler,•'s security would be lessened, the insurance proceeds shall be
<br />applied to the sums secured by this Security Instrument_ whether or not then due. with any excess paid to Burrower. if
<br />Borrower abandons the Property, or does not answer within 30 days a notice from Lender that the insurance carrier has
<br />offered to settle a claim, then !.ender 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 />Unksa Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date ofthe monthly payments referred to in paragraphs 1 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 to the Propeny 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, Prraenstioai star M&ktesaace of Property; l.tasebolda. Borrower shall not destroy, damage or substantially
<br />change the Property, allow the Property to deteriora[e err commit waste. If this Security Instrument is on a leasehold.
<br />Bortuawr t shall comply with the proNisions of tt lease, ar~ifl if. Borrower acquires fee title to the Property, the leasehold and
<br />tee tills st" I not merge unless l,etuler agrees tx2 tk a arerge� ur writing.
<br />7. Proteefiow of L.erNer'e Rights tar fk+e Propestj, Mortgage Insurance. If Borravya.- fails tra perform the
<br />covertarrt>: and agreements contained in this Security InstrLL* !�rtt, or there is a regal proceeding [ _;�: ;ay siVJLJfs�rantly affect
<br />�. Lender's rg;hts in the Propert y fs h as a proceeding in' 11w kruptcy, probate. fir cun'tdemnatten or to mLitat, laws nr
<br />tCguftttiM% 1. then i 9MUr may dos Laid pay for whatever co rm.O Aary to rv7tect the , !rte .::t the Property and ii.amUr's rights
<br />in the P VRrty. Lakkr's actions may include paying an'i�- :.ims. scautpul. by a Lien wbich has priority ova.., tit:rs Security
<br />instr""r`4 appesling in court. paying reasonah rattome •3 fees and entering on the Property to make repvti a Although
<br />Leader t»,wy take action under this paragraph 7. Lender ao s,tot have to do w,
<br />Any amounts disbursed by Lender under this paragraph 7 shall become additional debt t►f Borrower secrred by this
<br />Security instrument. Unless Burrower and Lender agree to other terms of payment, these amounts shall bear interest from
<br />the date of diftnement at the Note rate and s11311 he payable, with interest, upon nonce font Lender to llorrv%%cr
<br />rogaestina payment.
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