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<br /> Uti1F��RtitC'�n�t�:�n�t� I�atrc+u•rrandL4ndcrcc�tienantundagrc<<�.foltu«,. °�� 105892
<br /> 1. Pwyme�t of�incipai pnd leterest; i'repayment and IAte Char�es. H��rre�wcr tihall ('�rumptly �,ay ��hru dur
<br /> the princip:n)uf and mterest ro�the deht e��idenrcd hy the Note and�ny prrpa}ment and latr rharFr��iur uudcr�hr N►�tr.
<br /> Z. Hunds(or T�xes en+�lnsu�Aace. Subject ro applicablr laa•or to a�vrUten�r,ii��r hy I.au�lrr. Hurr���rer rhall ra�
<br /> to Lc�ider on the day manthly�avcnents are due under the Nt�te,until ihe Nutc��panl m Pull,a.iim t"i'undti"f equal tc,
<br /> r• rnie-tw�eliih ul': (a1 ycarly taaes and ,�c�ec�mrnt5 w�h�ch mus' attain priorit} oaer th�ti Security lu�t�iin�rnt: th� yr,ir!}
<br /> leasrhald payments or ground rents on the Property, if any; (c) yearly hazard insurimce prem�um:; nnd (d? ��e�rlt�
<br /> mnrtgagc insu�ance premiums,if any.`I'hese itcros nre c�lled"eccrc�w itcros," l.cnder may eshmatc thc Funds dur on the
<br /> basis of current data and rrawnable estim3tes of future cac�aH•itemr.
<br /> The Funds shall be held in an institution the deposits or uccaunts of whtch are in5ured�r guarauteed by a federal or
<br /> : state agency(including Lender iP I.ender is such an institution). I.ender�hall apply the Funcls ta pay the cscruw itcros.
<br /> I.cnder may not charge far holding and applying ehe Fu�ds,anulyzing the account or vcrifj�ing thc escrow items, unlesti
<br /> Lender pays Borrower interest an the Funds and applicuble law permits Lendee to makc tiuch a rhsr�e. Harro�vrr and
<br /> Lender may agrce in writing that interest shall bc paid an the Fun�s. Unlc�s un agrcement is rnade or appliruble Iaw
<br /> requires interc�st tn be paid, I.�nder shall not be�equired to pay Borro��•er uny interest �r earnings on thc Fuods. I.ender
<br /> shal)give to Barrower.without charge,an annual accounting oP the Fuiids showing credits und debits tu the Funds anc!the
<br /> purpose for which eACh debit to the Funds was made.The Fwids are pledged�ti additional security�'i�r•the sums secured by �
<br /> this Security Instrument.
<br /> . If the amount of'the Funds held hy I..ender,tagether with the future monthly paymer�ts of Funds payable prior to
<br /> the due datew oPthe escrow items,shall e�ceed the amount required to pay thc escrow items K1ten due,the rxcess shall bc,
<br /> at 8c�rrower's c►p�ian,eithei��r.�mpt1��rrpaid to I3orcawer or crc�cl�ted to Borrower an monthly paymeats of Funds. lf the
<br /> amount of the Funds held by Lender is not sufficient ta pay the escrow items when due,Horrower sha11 pay to Lender any
<br /> amaunt necessary ta make up the deficiency in one or more payments as required by l.ender.
<br /> Upon�ayment in fall of all sums secured by this Securit�; lnstrument, Lcnder shull prompily refund to Horrower
<br /> any Funds h�tz�by Lender. 1P under paragraph 19 the Prnperty is sald or ucquircd by Lender,l.ender shail apply,ac�later
<br /> than immedi�tely priar to the sale of the Yroperty or its acqui�ition by Lender,am• Funds held by L�r�der at thc time af
<br /> application as a credit against the�ums secured by this Security lnstrument.
<br /> 3. Appliqtios ot Payments. Unless applicsble law provi�iec otherwise,all payments received by Lender under
<br /> paragraphs 1 and 2 shall be epptied:first.to Iate charges due under the Note;second,to prega}ment charges due under the
<br /> Note;third,to amc�unts pa�•able under paragraph 2;Pourth.to interest due;and last,to prinei�a2 due.
<br /> �. CAarges;Lieas. Horrowcr shall pay all taxes.a.csessments,charges,fines anci impositions attributa�+lt 3o the
<br /> Property which may attain priority over this Security Instrument. and lcasehold payment� or graund rents� if any. •
<br /> Botsowcr shall pay th¢se obligations in the manner provided in paragraph 2,or if nat paid in that mannec.Aarrower shall � '
<br /> p�.3•&hem on time directly to the person owed payment. Barra�ver shall promptly furnish ta Lender all nntices o}'itmounts�
<br /> to be�,aid uad�this paragraph. 1P Borrowcr makes these paymerets direcily. Barroa�er shall prampNy furnish to Lender ` ��
<br /> receipts eviden�ing the p�yments. �
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<br /> Rnrrnpt�r chall e�f�t;;e�;l�����.�:�ri�i..���;��ias}„iuiiiy c�va i1�is$�;uriiy jnstrument unfess tfOr�OWeT: (�) - _
<br /> agrecs in writiag to the payment of the obligatian secured by the lien in a manner acceptable to Lender;(b)contests in good ''—
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<br /> faith the lien by,ar defends against enforcement ot'the licn in,legal procPedings which in tha Lender's opinion aperate to
<br /> prevent the enforcement of the lien or forfeiture of any part af the Pr�perty;or(c)securas from the holder of the lien an
<br /> • agreement satisfartory to Lender subordinating the lien to this Security Instrument. lf Leader determines that any part of '
<br /> the Property is subject to a lien which may attain priority over this Security lnstrument. Lender may give Horrower a
<br /> notice identifying the lien.Horrawer shall satisfy thc lien or take one or more of thc actions set forth abave within 10 days
<br /> , of the giving aFnotice.
<br /> , S. Haurd Iasunnce. Borrower shall keep the improvements now eaisting or hercafter erected on the Property
<br /> insured against loss by fire,hazards included within the term"eatended coverage"and any oiher hazards for which Lender
<br /> requires insurance. This insurance shall be maintained in the amuunts and for the periads that Lender requires. Thc
<br /> insurance carrier providing the insurance shall be chosen by Borrower subjett to Lender's appro�al which shall not be
<br /> unre�sonably withheld.
<br /> Al) insurance palicies and renewals shall be acceptabte to Lender and shall include a standard mortgags clause.
<br /> I.ender shall have the right to hold the policies and renewals. If Lender requires,Bonower shall promptly give to Lender
<br /> all receipts of paid premiums and renewal notices.In the event of loss.Borrower shall give prompt natice to the insutanre
<br /> cartier and Iender.I.ender may make proof of loss if not made promptly by Bonower. ;��'
<br /> Unless Lender and Borrower otherwise agree in writing,insurance Proceeds shall be applied to restoration or repair
<br /> o€the Property damaged.if the restoration or repair is economically feasible and Lender's security is not lessened. If the
<br /> restoration or reQair is not economically feasible or I.ender's security would be lessened,the insurance proceeds shaIl be
<br /> applied to the sums secured by this Security Instrument,whether or not then due. with any excess paid to Borrower. If
<br /> Barrrower abandoas the Property,or does not answer within 30 days a notice from Lender that the insurance carrier has
<br /> offrred ta settle a claim.then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore
<br /> the Property or to pay sums securod by this Security[nstrument. whether or nvt then due.The 30-day period will begin
<br /> when the notice is give�i.
<br /> Unless Lender and�rrower ntherarise agree in writing,any application of proceeds to Principal shall not extend or
<br /> pnstpone the dua date of the monthly payments referred to in pazagraphs 1 and J.or change the smourrt af the payments. If
<br /> under paragraph 19 the Property is acquired by Lender,Bonower's right to any�insurance policies ar�d proceeds resulting
<br /> from damage to the Property prior to the acyuisitiara shall pass to Lender to the eatent of the sums sec�red by this Security
<br /> Instrument immediately prior to the acquisition.
<br /> • 6. Preservatlon�nd Maintenance of Property;I,ease6a4ds. Borrower shall not destroy,damage or substantially
<br /> ahange the Property, allow ihe Praperty to deteriorate or commit waste. If this Security Instrumene is on a leasehold. ----_
<br /> Horrower shall compJy with the provisions of'the lease,and if Borrower acquires fee title to the Propercy�.t he leasehold and . �
<br /> fa title shall not merge untess l.ender agrees to the merger in writing.
<br /> 7. Protection ot Lender'a Rigbts in the Property; Mortgage Insurance. [f �crrower fails to perform thc
<br /> eovenants and agreemen4s eontained in this Security Instrument,or there is a legal pr�xeeding th�t may significantly af�ect
<br /> Lender's rights in the Propeny (such as a praceeding in bankruptcy, probate, for ecmdem�at�on or to enforce laws or
<br /> rcgulations),then[xnder may do and pay for whatevcr is necessary to protect the value of'the Prc�pcm�and Lender'c nghts
<br /> in the i'roperty. L,ender's actions may include pay�ng�ny sums secured by a lien wh�ch has pru�nty�,ver thiti Scrurtry �
<br /> � lnstrument,appearing in court,paying reasonable attorneys'fee�+and cntering on the Propecty t�makc repain. Althuugh
<br /> L.ender may take;tction under�his paragraph 7,Lender dcx�not ha�e to do sn.
<br /> Any amoants disbutsed by Lender under thi5 paragraph 7 shall become addit�ontil drht��f R��rrc�w�cr,ccurcd hy thi� ���
<br /> Securiry[nstrument. Unless Horrnwer and Lender�grec tu cnhcr termt uf pa�•ment,these am��un���hall Ix.�r ui�crr.t f�r�+m
<br /> thc ds�te of d�sburE;mcnt at thc Na�e ratr ,�nJ tifiatt hc payahlc. wsth �ntcrc�t. u�+nn m�Urr tr�mt 1 t�n:lcr �r Ni�r►��arr �� "�,�,3
<br /> tcyue�hng payment � o
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