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.. •. heW iLender: lf.; '••
<br />1< by ttaader pragrapii 13 tha l?rnperty is sold or acqurce l Lender, Lender `sb apply. no later
<br />1; t1 *tusedistdy priory to tltet l� of the Prop, * {c ;w:aequisition by Lenders x^3- Funds lee l lry.Le nder at the time of
<br />AppWition as credit against We sums secured by t�, -i city Instrunent
<br />3. AMitieatieta cif Psymembs. Unless applica#nbi: aw_r rovi otherwise. :uli! pa3axr tits received by Leader udsdlec
<br />hs 1 and 2 ahall be "
<br />arttesd: first, to late charges i the Note; seeo, �3epaymeni charges +(iL a under'
<br />Noir, tgs"id, to amounts payall)t iMAJa paragraph 2; foeidb, to interest due; and last, tto principal due.
<br />..>1.. • i$i�tri�wrer shall pay all taxies; assessments, charges, fries and impositions attrilmtable to tlx:
<br />iProperty which IOWA t - im pity over this Security Instrument, and leasehold payments or ground rents, if aay, t _
<br />Borrower shall ;pay these obkpSons in the manner provided in paragraph 2, or if not paid in that manner, Borrower shall
<br />j pay them on timedirectly to tbitpersoa owed payment. Borrower shall promptly furnish to Lender all notices of amounts r
<br />to be paid under this paragraph. If Borrower makes these payments directly. Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments.
<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 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 part of the Property; or (c) deeures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument. 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 />ofthegivingofnotice.
<br />j S. Hassid Insurance. Borrower shall keep the improvements now exiOrg or hereafter erected on the Property
<br />insured against loss by fire, haznndis included within the term "extended coverage" and any other hazards for which Lender
<br />requires insurance. This insuz'mx shall be maintained in the amounts and for the periods that Lender requires. The
<br />insurance carrier providing the insurance s ta:7 be chosen by Borrower subject to Lender's approval which shall not be
<br />urn awwlably withheld.
<br />411 insurance policies JM"k renewals shall be ac table to Lender and shall include a standard mnrrgage clause.
<br />L nee AW! leall have the right tc, N!#d the policies and rewmals. if Lender requires. Borrower shall promptly gj ve to Lender --
<br />sill MV40ts atpaid premiums avant renewal notices. In the event of loss. Borrower shall give prompt notice co. the insurance
<br />cacr*gand Lender. Lender may make proof of loss if not made promptly by Borrower.
<br />1 Unless Lender and Borrower otherwise agree in writing, insurance proceedsshall be applied to restoration or repair
<br />of th it hoperty damaged, if the restoration or repair is economically feasible and Tinder's security is not f^sened. If the
<br />restormion or repair is not ewwmically feasible or Lender's security would be leuened, 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 Borrower. If
<br />Borrower abmlons 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 Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore
<br />the Property or to
<br />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 />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due dAte of the monthly payments referred to in paragraphs I and 2 or change the amount of the payments._ If
<br />under paraarspWtY the Property is acquired by Lender. Borrower's right to any insurance policies and proceeds resuftng
<br />from damage to the Property prior to the acquisition shall•pass to Lender to the event of the sums secured by this Security
<br />Instrument immediately prior to the acquisition.
<br />`;:- • ;41L . Prstervatko and Maimkmnee of Property; ! tmmbolds. Borrowcr'ytidl not destroy. damage Ur" substantially
<br />e(iitit c4he Property, allow the Property to deterior"' cr commit waste. If this, Security Instrument is on a leasehold, ;
<br />&fro*er shall comply with the provisions of the lease. acid if Borrower acquires fee title to Ilse Property. the leasehold and :, ,; T!
<br />fee tit k shall not merge unless Lender agrees to the merger' fn writing. .
<br />7. Prttattisea of I.en/er'! Nigbb is the Pntty; !Nvrtgass Insurars�: If 9.1rrowcs fails is. }« rtisr..n: the s '
<br />Cave:nsntsatd agreements contained in this Security lnstoment, or there is a legal proceediiig (hat may signirti4aml affect
<br />Lan—A : t tiahts is th- Prop.-ay (n;c;z a; a pfacftedhis iit Uw kruptcy. probate. for condemnation or to enforce laws or f
<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 priority over this Security
<br />Instrument. appearing in court, paying reasonable attorneys' fees and entering on the Property to make repairs. Although
<br />Lender may tike 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 Boirrower secured by this
<br />Security instrument. Unless Borrower and Lender agree to other terms of payment, these amounts %hail bear intcre%t from
<br />The date of disbursement at the Note rate and shall be payAble, with interest, upon notice from Lender to Horrower
<br />►equating payment.
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<br />UNWMMCXWSVANn Swtotwr sad Leaderoove nowandegrrcenfollows: 89-405497
<br />11, FU8 tttattt bf 1<Iittarlpal aai fi■IM+P Pt'ary=W sad Lab Cbarl,aa. Borrower dell. pnatiiptly pay when due
<br />the prii 4ol land ini e - ca titedak r itlmorid by the Note and any pgmynmt and latecharpsdue under the Note.
<br />Z Finsia gsrTassatttad b anuese. Sr6leci te�app�catbielaw or to a written waived by z< cir•r. B4crower shall pay
<br />to Lladar on Ow day moathitr paysneaes art dot wader the Neste, until the Now is paid in full;.ii. sum ('•Funds") equal to
<br />crag- hrelft or: (a) ymiy tastes and its whiob my attain priority over this .Security Instrument; (bj yearly —
<br />—
<br />1 grid paystatgb or wound rob on the Property. iI< any; (c) yearly. haatard insurtn" prantuaw; and (d) ymb- -
<br />-
<br />_ • -- � e - -- - —
<br />— -
<br />The Fv idr<" be bald in an aa>ritution the depories or accounts•of which are, insured orgu ranteed-by a federal or :
<br />:
<br />". teYYtt;
<br />sonny (wrleiiiag.Ibder_itl esdeir is swch.a n =nb kudon). Leader shall. apply-ft. Funds -to pay-ibe escrow itertu: :
<br />:
<br />iaadw tarty gat tinge %r hoidiag and applying the Fundy, analyzing the accotmuor verifyieig .the escrow item unless
<br />Lander Pays Borrower interest on the Ftmda and applimble law perents Lender to make such a charge. Borrower and
<br />Lender tgiay arm iA writing that in- er+tst d call be pai6on the Firneia. Unless an agreement is made or
<br />applicable 4K
<br />raetaiees iateerst to be paK Lender shag mat be required to pay Borrower, any- interta or earal f oo the Funds. Lender
<br />tWl fireto8orrower. withwitcbwak as annual acoounting of the Funds showing credits and debits to the Funds and the
<br />ptrltoae6orwhichewch debit to the Funds was made, The Fun&ar�apieedgadas additional security for the sums sescuredby,
<br />? this saarrity iasttttetnegt. .
<br />If the anwunt of the Funds held by Lender, toge:thetr with. thu future monthly payments of Funds payable prior to
<br />i the dise :dam ed`tho eacrpw itemA shall exceed the amount regWrod•to pay the escrow items whets due, the excess shall be,
<br />at Bbir rowWs option. either promptly Tepid -ta Borrower pan arndited to Borrower on mouthy. payments of Fur4& HOW-
<br />amount of the Funds held by Lender is not sullicient, to pay the `4ue, Boexi **.shall pay to Lender;z�
<br />aarrq e4t tecessary to stake tip the deficiency in ane or more psyments,Aw uis yeeider
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