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IN 105548 U141FORMCOVEMANM Borrower and Lendercovenatit andagreen follows. 1• Paytasttt OPeking ai and INWOM4Prepwi tact aid Loft CbwpL Borrower "I promptly pay when due the principal o(wd interest an the debt evidenced by the Note and any prepayment and late charges due under the Note. Z Fantle lWTAIM rani lliourameL Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly Payments are due under the Note, until the Note is paid in M, a sum ( "Funds ") cowl to —oases: 0 X-Ar yearly and-mownents wWh-nWy-MMUf —pianft- —Ove-r-thisSwWrity- Instrument, -(b-)--y ft--Ay 4w-- F IMAM payment* or ground rats on the Property, if &0%- (C) yearly hazard insurance premiums; and (d) yearly nortipp buwance = if any. jl�ae imms am called "escrow items." I may estimate the Funds due on the b"46wrisidda - k -- atkiff'C"i6ciowita"M The Fimils " be held in ft im�i the deposits or accounts of which are insured or guaranteed by a federal or owe - g l - c) (mcludift Leader if Feeder is such an W*UtiOti). Leader SW apply the Funds to pay the escrow items. Leader may aft cbWV for MUM AW BOOM the Funds, analyzing the at or verifying the escrow item unless Leader Pays Borrower MUM on the Funds and applicable law permits Lender to make such a charlt.,-Borrower and Lender may ashen 'n OT'tingtint interest :lull be Paid OR the Funds. Unless an agrearient is madear,Applicable law P iiatem to be PsK T ASK not bi required to pay Borrower any "interest or earnings on *�Fuh&. Leader sW pave 10 Borrower. without charge, an annual accounting of the Funds showing credits and debits to tho Funds and the tar PKVM for wbkb each debmto, the Funds was made The Funds are pledged as additkonal security for the fiats secured by If the sawat of the Funds held by Letider, to'ptber with the future monthly payments of Funds payable prior to the doe don of the cc" iftnin, shaff. exceed the amount required to pay the.escrow items when due, the excess AW be, at Smsower's option, either prompt1r.ftpid to Borrower or credited to Borrower on monthly payments of Funds. If the amount of the Funds beld by Fader is nat sufficient to Pay the escrow items when due, Borrower shall pay to Lender any amount Mec"IU7 to make up the deficiency in one or more paymots as required by Lender. Upon payment in-FA if an sums secured by this Security Instrument, Lender shaH promptly refund to Borrower any Funds held by Leader. If under paragraph 19 the Property is sold or acquired by Lender. Lender shall apply. no later than immediately prior to the sale of the Property or its acquisition by Lender. any Funds held by Lender at the time of application asa ctvdit against the sums secured by this Security Itisavroent. . 3. AmWeNkin at ftweaft. Uftkss Applicable taw provides otherwise, all payments received by Larder under paragraphs I sad 2 %W be applied: first, to late charges due under the Note; swund, to prepayment.charWdue under the Note; third. t011110119111111% Payable under paragraph 2; fourth, to interest due; and fast, to principal duc 4. Ctiara# Um Borrower ShAff Pay SO taxes. Menments, charges, fines and impositions attributable to the Property which May attain priority over this Security Instrument, and leasehold payments or grouxid rents, if any. DW&OWU SW pay these oMptWnslin the azimner prNided M Paragraph 2. or if trot paid in that manner. Borrower shall Pay them On time dwadY to the penift owed payment. Borrower shah promptly furnish to Lender an notices of amounts to be paid under this paragroph. If Borrower makes these payments directly. Borrower shall promptly furnish to Lender receipts evidencing the payineift Borrow shall Promptly discharge any hen which has prmty over this Security instrument unka Borrow": (a) agrees in writing to the payment of the obbption secured by the fim U1 a matuff acceptable to Lender; (b) contests in good faith the Sm by, or defends apUst mforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the enforcement of the lien or forfeiture of any pan of the Property; or (c) secures from the holder of the lien an agreement satislactury to Lender subordinating the hen to this Security Instrument. if Lender determine that any part of the Property is u*jM to a lien which may attain priority over this Security llrstrurnent.,Egnder may give Borrower a notice identibiag.the lien. Sommer shall satisfy the hen or take one of more of The actions W forth above within 10 days Howdlopwasitir., Borrower shall keep thrimprovements now existing or hereafter erected on the Property inRMW Against km by fire, hazards included within the term •*extended coverage" and any other hazards for-which Lender 101111111111'et WOUVIOM 71his Wdurance " be maintained in the amtmrs and for the periods that Lender requires. 1%e iftn"ance caffm providing the insurance small be chosen by Banvow subject to Lender's approval which shall no be unumociablywithbelld. Ali insurance vdicia. and renewsh shall be acceptable to Lender and jh'zH include a standard mortgage clause. Lender Ann have the fight to hold the policies and renewals. If Lender requires, Borrower shall promptly give to Lender all receipts O(Mid premiums and renewatnotices. in the event of IN16 gomma " give prompt notice to the insurance carrier and Und". Lender may make ptnofof I= if trot made promptly by Borrow. Unim Leader and BarT~ othentisc agree jo,writing. insurance proceeds shall be applied to restoration of repair of the Property damosed, if the:rruoratift or repair is economically feasible and Lender's security is pot lessened. If the 1`0116011tJOR Of repair is 00 Wommically feasible or Lender's security would be lessened. the insurance proceeds shall be SPOW to the am aftuted by this Secuirily. Instrument, whether or not then due, with any excess paid to Borrower. If Bottom "don the Property. or does M answer within 30 days,* twice from Lender that the insurance carrier has 40 PA to Uttits 4bift thm-Lender may collect the insurance proceeds. Lender may use The proceeds to repair or restore the Property or to pay sums-aftured by this Security Instrument, whether or not then due. The 30•day period win begin when the noticeissiven. Was Leader and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or postpone the due date of the monthly Payments referred to in paragraphs I and 2 or change the amount of the payments. If Under PUMVIO 19 the Property is acquired by Lender. Borrower's riot to any insurance policies and proceeds resulting from damage to the Property prior to the acquisition Ann pm to Lender to the extent of the sums secured by this Security Instrument iniffiediiitelly prior to the acquisition. C I.aaaeha{sia. Borrower shall not destroy. damage or substantially change the Property. allow the Property to deteriorate of commit waste. If this Security Instrument is on a leasehold. Ow"Wer sWcomply with the provisions of the lease. and if Borrower acquires fee title to the Property, the leasehold and Am i i t Le th �1_1 L%X " Iowa 11 zV= 1. a i r. wrkki& 1 F""CUM Of ldmdw% ROft is the Prot"; Mortgage lanuisace. It Borrower fails to perform the cl)"11111111111 and aSrearmacontained in this Security Instrument, or there is legal proceeding that may significantly arect Leader's rights in the Property (such as a proceeding in bankruptcy. Probate, for condemnation or to enforce laws or L regulations). then Leader may do and pay for whatever is necessary to Protect the value of the Property and Lender's rights ins the Property. Lender's actions may include paying any sum second by a lien which has priority over this Security Inarmomt, appearing in court, paying reasonable alcOmOf fees and entering on the Property to make repairs. Although Leader may take action under this paragraph 7. Under does not have to do so Any xmounts dtftrud by Lender under this paragraph 7 shall beccome additional debt of Borrower secured by this Security Instrument Unkma Borrower and Lender agree to other terms of payment, these amounts shalt bear interest from the date of diOursemoerit at the Note rate and shall be payable. with intereii, upon notice from Lender to Borrower ttq"WtnS payment. -I As M I-