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<br />89= 145455
<br />UNiFoRM Covt:N cos. Borrower and Lender covenant and agree as follows:
<br />I. Payrsut of Psi sits& I Prepeywat mil Late (7rwprrs. Borrower shall promptly pay when due
<br />the principal of and interest on the debt evidenced by the Note and any prep y inert atld late eh. rXes due under the Note.
<br />I Finds for Taxes ad Itwtraaee. Subject to applicable law cr V, W Written waiver by t ttdea. grower shall pay
<br />to Lender on the day monthly payments are due under the Note, until tbir'Note is paid in t'ttil;: -O:wm ( "Funds ") equal to
<br />6' one- twelfth of: (a) yearly taxes and assessments which may attain priority oveer? this Security.tnstrunstrit; (b) yearly
<br />iasehold payments or ground rents on the Property, if any. ;. (c) yearly haiard insurance premiums;, and (d) yearly
<br />trwrtpac insurance premiums, if any'. These items are called "escrow iterips. ".l,.tnder may estimate the Irunds due on the .
<br />bawWc!i aer[t isr tlnutaoE' — - -- The Funds shall be held in an institution the deposits or acceunts cf which are insured or guaranteed by a federal or
<br />ststeal'Sency'(including Lender if Lender is such ati iaisti>rution). Lender tshall-applw•the Funds to pay the escrow items.
<br />I aq not charge for holding and applying the FUME, sitsllyziX$ tho*ccouitt or, verifying the escrow item3,:unless
<br />Leader pays Bomvwer interest on the Funds and applicable law permits
<br />Lender io in such a charge. Borrower and
<br />Ler may agree in writing that interest shall be paid an the Funds.. Utiless an agreement is made or applicable lave
<br />end
<br />requires interest to be paid, Lender shall not be required to pay Borraweir ai►y 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 trade. The Funds arc pledged as additional security for.the sums secured by
<br />.
<br />this Security Instrument.
<br />If the amount of the Fun held by Lender, together with Iitg future monthly payments of Funds payable prior to
<br />the due dates of the escrow itemm stall exceed the amount re tart #,W W the escrow items when due; the excess shall be,
<br />at Borrower's option, either protnpdy repaid to Borrower or., ? # hk Borrower on inonthly- payments of funds. If the
<br />amount of the Fonds held by Lender is not sufficient to pad ; ' when due, Borrower shall ps ? .ender any
<br />amount necessary to makeup the deficiency irr.szneor morepwirstents em quired by Lender.
<br />Upon pay1=E.Jft,?K*. of all sums secu L.�by this Security Inst lent, Lender shall priZq !q refund [o BonovKei
<br />`` lR� the Pic i5 sold ar ac uired b Lender. Ltm jki shall apply, no lem
<br />any Funds held by Leis ,f`01 rag - aji: property . • = q Y
<br />than immediately pfibtio t`h m s;rriwQCthe Pa rty or its acquisition by Lender, any Funds held icy Lender at tine time cif°
<br />application as a credit against tit !ssecuredby this Securitrintstrument.
<br />3. Application
<br />oti Past Unless�applicable law pr6vides otherwise, all payments received by Lender undN
<br />paragraphs 1 and 2 shall be applied: first, to late charges due un4cr the Note; second. to prepayment charges due under tPt
<br />Note; third, to amounts,p*y ble ur.4er paragraph 2; fourth. tc interest due, and last, to principal due.
<br />4. C6argea; Liitras: fI<ri ei�nver shall pay all taxes, amessments, charges, fines and impositions attributable to the
<br />Property which may attain Oirii6A1.over this Security Imam iment. and leasehold payments at ground rents, if any.
<br />Borrower shall pay these obligations in the manner pravWd its, paragraph 2. or if not paid in that manner, Borrower shall
<br />pay them on time die ty to the person cwai'VWument. Ersrrgwttr. shall promptly furnish to Lender. all notices of amounts.
<br />to be paid under th iragraph. If BarrOver imikes these payments dintctiy, Borrower shall p7tvmOtly furnish to Lertdbt-
<br />receipts evidencing thepayments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in goad
<br />faith the lien by, or defends against enfarceident of the lien in, legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcentcne of the lien or f.rNf ire of any part of the Property. or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinatihs tats lien to this Security Instrument. if Lender determines that any part of
<br />the Properly is subject to a lien which maY attain pdarity over this Security instrument. Lender may give Borrower a
<br />notice identifying the lien. Borrower shall satisf l ilia lien or take one or more of the actions set forth above within 10 days
<br />of the giving of notice.
<br />L Hazard livinfance. Sorwivur shall -keep the improvements now existing or hervAler erected on the Prope w
<br />insured against loss by fir*, hazards included within the term "extended coverage" and any other hazards for which Lerrhar .
<br />requires insurance. This insurance shall' be maintained in the amounts and for the periods that Lender requires. The
<br />insurance carrier providing the iusur�nce shalt be chosen by Borrower subject to Lender's approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be acceptable to Lender and shall include . standard mortgage clause.
<br />Lender shall have the right to hold the policies and renewals. If Lender requires. Borrower 032 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 avid L.endef.1ender may make proof of loss if not made promptly by Borrower.
<br />�� it.G_S�s Lawler and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair
<br />of the . Pn *rty`i a=sged, 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
<br />applicd.lo the sums secured by this Security Instrument, whether or not then due. with any excess paid to Borrower' if
<br />8cxyre*vw *,abandons the Property, or does not answer within 30 days a notice from Lender that the insurance carrier has
<br />oti'ttred to settle a claim. then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore
<br />the.?txnperty or to rAy sums secured by thin Stwurity Instrument, whether or not then due. n' v 30-day period will begin
<br />when; t.lS+e notice is gisven.
<br />Unless Lender and Borrower ptlia >nilrlii>, ts'aree in writing, any application of proceeds to lr::tcipal shall not extend"it '.
<br />postp:ino the due date of the monthly P*i!aw# referred vyf n paragraphs i and 2 cr change the amount of the payments. If
<br />under paragraph 19 the Property is acquired �y Lender, lorrower's right to any insurance policies and proceeds resulting
<br />from damage to the Property prior to the at4nisition shall pass to Lender to the extent of the sums secured by this Security
<br />Instrument immediately prior tolhe acquisition.
<br />6. P'rt""atios and Mainteaaace of Property; Leaaeholds. 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 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. P're aria or Leader's Riots is 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 niay significantly affect
<br />Lender's rights in the Property (such as a proceeding in bankruptcy, probate. for condemnaimn or to enforce taws or
<br />regulations), then Lender may do and pay for whatever is necessaty to protect the value of the Froper ty acid Ltildef's rights
<br />L in the Property. Lender c actions may include paying any sums secured by a hen which has priority over this Security
<br />instrument. appearing in court, paying reasonable attorneys fees and entering on the Property to make repairs. Although
<br />Leader may take action under this paragraph 7. Lender does nut have to do so.
<br />Any amounts disbursed by Lender under this paragraph 7 %hall become uddirional debt of Borrower -,ccurtd by this
<br />Security Instrument. finless Borrower and lender agree to other terms of payment. these amount% shall hear interest from
<br />the date of disbursement at the Nate rate and shall he pawhle. %iih interem. upon mince from Lender h> itorrolAer
<br />requesting payinen1 .
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