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<br />U.%arujtmCovz9A r orrowerand Lendercovetiant and ugrcea,"11101jows.
<br />I. Pt 3OW Of-P 1 010 and I - Is N 1- ftepynest ad Left - Borrower shall promptly pay when due
<br />the principal principal ofad interest on the debt evidenced by the Note and any pmp4yM4`*f;'on4 late charges due under the Note:
<br />2._ Enrols. fir Tuw gad hmr&w*.. Subject to applicablo law arta a w4ttin-.1 41ver by Lender. Borrower shall pay
<br />to Leader on the day nwathly payments are due umkr the Note, until tfie,Noto is poi sin full, a sum ("Fu ad!V
<br />u ( "Funds " )equal to
<br />oewtwdfth of. (a) yearly taxes and assesunent% which may attain priar.ty.,Ip(.4p.-ifils'Security Instrument; (b) yearly
<br />ground watts od We Propefly. T any; (c). ve"'Y.
<br />insurance premnims; and (0) yearly
<br />monp&e insurance premiums, if any. 4mider -M.v 6—
<br />- -
<br />_twmw items..
<br />The Funds shall be held irk an institution the deposits oraccwntatt(*hich are insured or guaranteed by a federal or
<br />swe agwAy (including Lander if Lender is such an institution). Len4or'.4all &W Funds y the Fu to pay the eurow, it"".
<br />may no charge for hoWn aid applying the Fun41% &rWydng:#hp"accou'nt or verifying . . the escrow ittim unless
<br />Larder pays Borrowir intenta on the FWWls and applicable law perwOWUnder to make such a charge Borrimer ancl
<br />Leander may agree in writing that interest shaft be paid on the Funds.; Unless an agreement is nude or applicable law
<br />requires interest to be paid. Under shall not be required to pay lkrrgw#r. 4iy interest or timings on the Funds. Lender
<br />shall OeFt*'. �` withma dW accountingoW -'sho
<br />geanunual 1cFOn& Vvift# credits and debits to the Futiftand the
<br />rJrPW fbr which each debit to the Funds was mode.-The Funds am. j;idged as sdaltional security for the sums secured by,
<br />this Security Instrument.
<br />It the amount or the Funds held by 14mder, tagetbar *k4h ft Nture monthly payments of Funds payable prior to
<br />the due dates of the escrow items, shall exceed theamount- re"imd,to pay the escrow items when due, the excess "I be,
<br />at BorrowW1 option, either promptly repaid to Bomwer or crado4d. to Borrower on monthly payments of-Funch. If-the
<br />amount of- flit Funds held by LaWff is wx sufficient tq ' ' ' '
<br />py,th okro* items when due. Borrower shall pay to Lender any
<br />amount necessary to makeup the deficiency in one or. mCr*#ky6ii&s *"roquiredby Lender.
<br />Upon payment in full of all sums secured by, this Se6tifity, Iadrumciit, -Lender shall promptly refund to Borrower
<br />any Funds held by Lmider- Ifunder paragrsph, 19 the Find . _.,y,U sold 'or'acquired by Lender, Lender shall apply. no later
<br />than immediately prior to the sale i;roe Pro cc I
<br />V- cr 1W agiftUtion by Lender. any Funds held by I at the time of
<br />applicatioa as a credit against the S116W.U., hy. vtdil 7
<br />__ Security thgrument.
<br />3. Apokaden of ftyme*.. . Unlos applicable lawprovides otherwise, all payments received by Lender under
<br />paragraphs I and ZOO be applied- 91'9,: to ls#o
<br />.Ch#rgesdue under the "t; second, to prepayment charges due under the
<br />-Note-, third, to amot!h4payable iinderparagrapti-74founk to interest duq.pnd last. to principal due.
<br />4 Charm,UnL Borrower shall:Pay, aH WO, Waasments, charges, fines and impositions attribu-Uble to the
<br />Property:wWch may attain pribrity., over this Security k3imm.ent. and leasehold payments or ground to". if any.
<br />Borrows: aW I?iy these obligations in the manner provided-is paragraph 2, or if not paid in that manner, ikinratn!,nr SMU
<br />pay thetin 6i timie divwl:Vio the person owed payment. Bori(Wii sha DIFf-Omptly furnish to Lender all notices j�(4mounts
<br />to 6 jijd•'*Wer this ppAjpiph. If Borrower makes these paymcntsi-4imaly, Borrower shall promptly furnish id Lender
<br />receipyrt dtt1wlftgtbipayments.
<br />Norm. shall promptly diWWgt any lien which has priority over this Security Instrument unless; Rorm*er: (a)
<br />agrealli Wsdiing to the payment of the obligation secured by the lien in a manner acceptable to Lender, (b) con tests is good
<br />.'raith the i kM by, or defends against enforcement of the lien in, legal proceedings which in the-Lenda's opinion operate to
<br />*event the edorcement of the lien or forfeiture of any part of the Property; or (c) secures from tha h01tfer of the hen an
<br />.3greemetit,satisfactory to Lender subordinating the lien to this Security Instrument. if Lender determines that any part of
<br />the Prope Cyr
<br />is subject to a lien which may attain priority':Qvcr this Security Instrument, Lender may give.- Jkrrower a
<br />notice idAi*W& the lien. Borrower shall satisfy the lien or,.,!akeone or more of the actions set forth above wWP6,10 days
<br />'
<br />S. Haurdlioivws=. Borrower shall keep the existing or hereafter erected on ,*; 110 , ropgrty
<br />insured against lots by fire, hazards included within the term `ota=%Sed rat aesage'and any other hazards for wlidt Lender
<br />requires insurance. This insurancg
<br />p'jhWl be maintained in thc ,=ounts and for the periods that Lender reij;.hm, The
<br />insurance-4rher providing the idtfiome shall be chosen fry Borrower subject to Lai er*s approval which Shill:' not be
<br />unreasonaNyWithheld.
<br />All insurance policies and renewals shaD be acceptable to Lender and shall include a standitrd mortgage clause.
<br />Lender shall have the right to hold the policies and renewals. If Lender requires, Borrower shall pt: -xaptly give t4> Lender
<br />all rtceiptv.of Mid premiums and renewal notices. In the event of loss, Borrower shall give prompt rouse to the insurance
<br />carrier and 4&a4tr. Lender may make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restorati6i. l,i r repair
<br />of the Property damagtd, if the restoration or repair is economically feasible and Lender's security is not Its, wiiv .
<br />4.. If thc
<br />restoration or repair is not economically feasible or Lender's security wauld be lessened, the insurance proceo.4 shall be -
<br />applied to the sums secured by this Security Instrument, whether or not then due. with any excess paid to 134rir jwer- If
<br />Borrower abandons the Property, or does not answer within'.30;4ays a notice from Lender that the insurance', 4r'ricr has
<br />offered to settle a claim. then Lender may collect the insurshim l rcceeds. Lender may use the proceeds to repairo'r restore
<br />the Property or to pay sums secured by this Security Instrumment. whether or not then due. The 30-day period will begin
<br />when the notice is given,
<br />UnIm 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 paragraph 19 the Property is acquired by Lender, Borrower's right to any insurance policies and proceeds resulting
<br />from damage to the PtOPeftY prior to the acquisition shall pass to Lender to the extent off he sums secured by this Security
<br />immediately prior - - r to the acquisition.
<br />6.. Prestrystioll and Maintenance of Property; Lmeholds. 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- PtOtOcti011 Of Pfthts In the Property; Sloripga Jnsuram. If Borrowcr fails to perform the
<br />covenants and agreements contained in this Security Instrument. or there is a legal proceeding that may significantly affect
<br />tmckrs rights in the Property (such A!. a procreedmg in ba-O.ruptcy. probate, for condcrnn;1io.-; or to enfrrcc laws 3T
<br />reSulaticm), then Lender may do and pay for whatever is necessary to protect the value of the PrJperty and Lender's rights
<br />in she Property. Lcrwkt*s actions may include Paying any sunis, 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 take action under this paragraph 7. Lender does not have to do so
<br />Anyamounts disbursed by Lender under this paragraph 7 shall become ddditiotial debt of Dorrwx cf secured by this
<br />Security Instrument. Wen Borrower and Lender agree toother terms of payntelli, these amounts shall hear iniercst from
<br />the date of disbursement at the Note rate and shall he payable, with interest, upon notice from Letidcr to Dt,rr('wcr
<br />requesting payment
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