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<br />UNIFORM COVHNAN7ti. Borrower grad Len ea covenant and &free u follows:
<br />1. payer of prh1c4d q+ ldiantg4 primpsytiatat sail lessee Cbwp&• Borrower shall promptly pay when due
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<br />the prkicio of and interest on the debt evkkneed by the Note and any prepayment and late charges due under the Note.
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<br />2, Fisials for Taaru mil I&utaa'aace. subject to applicable law or to & written waiver by Lender. Borrower shall pay
<br />due the Note, until the Note is paid in full. a sum ( "Funds ") equal to
<br />to Lender tm the day monthly payments are under
<br />one - twelfth of (a} yearly taxes and asseuments which may attain priority over this Security Instrument; (b) yearly
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<br />k&sehoW payments w ground treats an the Property, if any; (c) Yearly hazard insurance premiums; and (d) yearly
<br />mortgage insurance premiums, if any. These items arc called "escrow items." Lender may estimate the Funds due on the
<br />basis of current data and reasonable estimates of future escrow items.
<br />The Funds shall be held in an institutbn the deposits or accounts of which are insured or guaranteed by a federal or
<br />state agency (including Larder if Lender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless
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<br />Leader pays Borrower interest on the Funds and applicable law permits Lender to snake such a dmge. Borrower and
<br />Lender may agree in writing that interest shall be paid on the Funds. Unk:ss an agrament is made or applicable law
<br />requires interest to be paid. Leader shall not be required to pay Borrower any Interest or earnings on the Funds. Lender
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<br />dM give to gwrower. without clhsrge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which mcb debit to the Funds was nude. rue Funds we pledged as addnw wl security for the sums secured by
<br />Security hnuvasent.
<br />If the amount of the Funds held by lender• together with the future rttonthly payments of Funds payable prior to
<br />items. the amount required to pay rbe escrow items when due, the excess shall be,
<br />the due dates of the escrow shall exceed
<br />at Borrower's option. either promptly repaid to Borrower or credited to Br-Tower on mmthly payments of Funds. U the
<br />Lender
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<br />amount of the Funds held b LenWa is not sufficient to y the escrow items when due, Borrower shall pay to any
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<br />payments as required by Lerw!er.
<br />amount necessary to make up the dteBcimcy in one or more eq
<br />Upon payment in full of all sums secured by this Security Instrument. Lender shalt promjp lly refund to Borrower
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<br />any Funds held by Larder. If under paragraph 19 the Property is sold or acquired by Lender, Lende: shall apply, no later
<br />immediately to the sale of the Pttopeny or its acquisition by Lender, any Funds held b) Lender at the time of
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<br />than prior
<br />Application, as a credit against the surnssecured by this Securely Instrument.
<br />3. ANUptia& of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br />I 2 be first, to late charges due under the Note; second, to prepayment charges due under the
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<br />paragraphs and shall applied:
<br />Note; third, to amounts payable sander paragraph 2; fourth, to interest due; and last. to principal due.
<br />4. Ctianpm Liens. Borrower :f I pay all taxes, assessments, charges, fines and impositions attributable to the
<br />Propeity which may attain priority over this Security Instrument, and teasehoid payments car ground yenta, if ray.
<br />Borrower shall pay these obligations in the manner provided in paragraph 2, or if not lard in that manner. Borrower shall
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<br />pay them on time directly to the person owed payment. Wes rrrDwer shall promptly fumrsin to Lender all notices of amounts
<br />to be paid tender this paragraph. If Borrower makes these payments directly. Borrower shall promptly furnish to Lender
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<br />receipts Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
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<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good
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<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 pan of the Property: or (c) sec..-rats from the holder of the lien an
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<br />agreement Satisfactory to Lender subordinating the lien to this Security Instrumentt. If lender determines that any pan of
<br />the property is subject to a lien which may attain priority over this Seaunty lnslrument. 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 />of the giving of notice
<br />S. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
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<br />insured against loss by fire, hazards included within the term "extended coverage" and any other hazards for which Lender
<br />requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The
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<br />insurance carver providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be
<br />wthheld.
<br />unreasonablyi
<br />All isuthhe policies and renewals shall 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
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<br />all receipts of paid premiums and renewal notices. In the event of loss, Borrower shall give prompt notice to the insurance
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<br />carrier and Lender. 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 restoration or repair
<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 sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. If
<br />Bormwer abandons the Property, or does not answer within 30 days a notice from Lender that the insurance carrier has
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<br />offered to settle a claim, then Lender may coillect 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
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<br />when the notice is given.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not exuend or
<br />referred to in paragraphs I and 2 or rthirnge the amount of the payments. If
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<br />posa,pone the due date of the monthly payments
<br />under paragraph 19 the Property is acquerrd by Lender. Borrower's ngM t; any InYccance Iwlacae. and proceeds :¢ Iaa7ekng
<br />from damage to qhe Property prior to the acquisitton shall pass to Linder re the extent of the sums secured by ehts Seouncp
<br />Irasarument immediately prior to the acgtttsitacr..
<br />6. 1Preservatlon sad Mmlatettance e►f 1'roperb': Lr>webolds. Borrower ,,hall not desire }. damage or swltes:ar.::aL(y
<br />chpsige the Property, allover the Property to deteriorate .� :ommn waste. If this Security Instrument Is on a Ileair :gold,
<br />ae.s ,f Anrrawer acquires fee title to the Property, the leaaelkrid and
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<br />fee title shall not merge unless Lender agrees no the merger m wnnng.
<br />7. Protection of I.ADWs ii0ft is the Property; Mortgage Insurance. If Borrower fails to perform the
<br />covenants and agreements contamed 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, for condemnation or to enforce laws or
<br />regulations), then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's nghts
<br />in the Property. Lender's actions may include paying any sums secured by a lien which has priority over this Security
<br />in court. reasonable attorneys' fees and entering on the Property to make repairs. Although
<br />Instrument. appearing paying
<br />Lender may take action under i his paragraph 7. Lender does not have to do so.
<br />disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this
<br />Any amounts
<br />Security Instrument. Unless Borrower and Lender agree to other terms of payment. these amounts shall bear interest from
<br />-the date of disbursement at the Note rate and shall be payable. with Interest, upon notice from Lender to Borrower
<br />requesting payment.
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