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<br /> UNIt��ttM Ct1VkNAy i S Hc�rrow•er cmd I.es�der cc�v,tr.ars�t��nd agrre:�.fallua•. A'�"' �Q��p�
<br /> l. Payment of F�incipal wnd Intcrest; 1'�c�A��me�t xnd I.�ec Ch�rRes, parruwer shulJ prc�m,�tly pa��a•hen due
<br /> the pnncipal��Pu�uf intcrey�on thc debt evidencr.Y1 hy tlto'��rilt?+tiatd uny prepaymcnl nnd lale churgo�dua undc��he Notc.
<br /> 2. Fund9fu�Taxey�nd lnsurA�ce. Suh�cct tu apphs��+lc+l;iw o�t��a wr�ttcu wnivcr by l.rnd��.Horrawcr tihall pa>•
<br /> to Lrnder on�he dyy mnnthty paymrryl�.o,re due under tt�e N«to; �anld thc Natr i�ruid in I'all,u yun►t"�'und:'1�qual iu
<br /> nne•twelfih af: (a) yearly ta� unst as.sessrnr�s►t1 cchich mt�}.attt��n,pnority over thit� Sc.�c�irity Instrament: (b) yc��riy
<br /> r• lexsrhnld �yment5 i►c gmun.l rc»t� ��n thr I'ni�rrt}, �F i�ny: !c) yrarly hntt�rct in�uruncc premiums; and (c1) ��carl�•
<br /> mon�taEe ln�ur�nce premiumc.it unl�.Thcse items:�r�c:�lic�l"s�;mw uems." 1_ende�utuy rstimate the Fundc dur on the
<br /> basis af current data and reasa��ablo estimrl4�Qf iulutc�:ccrqw items.
<br /> Tht Funds sha!!be heid in;rn institutian iha de�►,�tit�.�n accoun�g ot w hich are ia�ured ar gun�stnteed by�n fede�Al or
<br /> stwte agency (includiog l.ende�if Lender is suc'h an institution). l.end�r shull 3p�ly the� Funds t��puy the escrow items.
<br /> . Lender ms�y not cha�ge for haJding and appiyinB tlia Funds,analyxirtg thc aacount,ar verifying the esecow items, uniess
<br /> I.ender�ys Horrower interest on th�o Furt�la and �pptirabte Igw �rmits [.ender to make cuch n chergc.Horrowor and
<br /> Lender may agra in writing thnt int4ccst sh�11 be puid on t�e Funds. Un)o�� an agreement is mude or applicuble law
<br /> requires interest to be paid,I.ender shpll nnt he required co Ewy Bnrr�wer any intcrest o�carnings Un the Funds. [.endcr
<br /> shal)give to Barrower.without ehargc.an annupl pccdunting oP the�unds show�ng rredits and debits ta tha Funds and the
<br /> purpose for which each de'bit to th�F'undy was made.The fiundc a�e pledged as additionAl security fur the sum�s�cured by
<br /> this Security Instrument.
<br /> If the amount af the Funds held by Lendcr,togethe�with the Puture monthly pAymcnts of�unds payable priar to
<br /> the�Iue dates of the escrow items,shal!excee�l the Amount required to pay the escrmv items when due,the excess shall be.
<br /> at Borrower's v�tiu�r,either promptly rcpaid ta Borrower or credited to Borrower on monthly payments of Funds. If the
<br /> amount of the Funds heid by l.ender�s not sufticient to Pay the ercrow�tems�vhen due,Borrawer shall pay to Lende�any
<br /> amount necessary to make up the deflciency in one or m�re payments a�required by Lender.
<br /> Upon payrrie�it in full of all sums sccured by this Security lnstrument, Lender shall promptly refund ta Borrawcr
<br /> any Funds held by LEnder.1P under parngraph 19 the Property is sold or ucquired by Lender,Lender shall apply.no latcr
<br /> than immediately prior to the sale oP the Property or its ucquisiti�n by Lender, any Funds held by Lender at the time of
<br /> application as a credit agai�st the sums secured by this Security lnstrument.
<br /> 3. A�pltatlon ot Paytnenb. Unless apPlicable law provides otherwi�e,all payments received by Lender under
<br /> paragraphs 1 and 2 shap be applied:firs1,to late charges due under the Note;second,to prepayment charges due under the
<br /> Note;third.to amounts payable undcr paragrsph 2;fuunh,to interest duc;and la.5t,ta principai due.
<br /> 4. C6uges;Liens. '8orrower shall�y slj taxes,assessments, charges. flnes and impositions attributable to the
<br /> Property which may attain priority over this Security Instrument. and leasehold payments or ground rents. if any.
<br /> : 8orrox�er shall pay these obligativ�ts in the manner provided in paragraph 2,�r if not paid in that manner,Borrower shall . �
<br /> pay them on time directly to the person owed payment. Borrower shall pramptly furnish to Lender all notices of amounts ;
<br /> to be paid under this paragraph. lf Borrovrer makes these payments directly,Borrower shall promptly fumish to Lendcr
<br /> rceeiptsovidencing tho payments. i t'
<br /> Borrower shal) pramptly discharge any lien which has priority rner this Security Instrument unless Borrower.(a) !�_"`
<br /> � agtees in writing to ihe payment af the obligation secured by the tien in a manner acceptabte to Lender,(b)contests in good
<br /> faith the lien by.or defends agairtst.enforcement of the lien in,lega)prc�ceedings which in the Lender's opinion operate to f-
<br /> prevrnt the enforcement of the iien or forfeiture of any part of the Propeny;or(c)secures t'rom the holder of the lien an
<br /> agreement satisfactary to Lender subordinari�g the lien to this Security lnstrument.If Lender determines that any part of '
<br /> the Property is su�ject to a lien which may attain priority over this Security Instrumenl, Lender may give Borrower a
<br /> notice identifying the lien. Borrow�u 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 Insunnee. Borrower shall keep ihe improvements naw existing or hereafter erecied on the Propeny
<br /> insured against loss by fire.hazards included within the term"extended coverage"and any other hazards for which Lender .
<br /> roquires insurance. This insurance shall be maintained in the amounts and far the periais that Lender requires. Thc
<br /> insurance carrier providing the insurance shall i+e chosen by Borrower subject to Lender's appraval which shall not be ��
<br /> unreasonably withheld.
<br /> Ail insnrance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br /> Lender shall ha�e the right to hold the policies and renewals.!f Lendcr requires, Borrower�hall promptly give to Lender �
<br /> all receipts of paid premiums and renewal notices.ln the event of loss.Borrower shall give prompt nvtice to the insurano� �
<br /> camer and Ixnder. Lender may make praof of loss if not made prompily by Borrower. ' `'-
<br /> Unless Lender and Borrower otherwise agree iR writing,insurance proceeds sha�l be appJied ta restorntion 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 fessened. the insurance proceeds shall be ." .
<br /> applied to the sums secured by this Security lnstrument.whether or not then due,with any excess paid to Borrower. lf
<br /> Borrower abandons the Property,or does not answer within 30 days a nolice 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 ur restore
<br /> the Property or to pay sums secureJ by this Security Instrument,whether or not then due.The 30�day period�vill begin
<br /> when the notice is given.
<br /> Unicss Lrn�irr an�f 8vrrower othenvise agree in writing,any application vf proceeds to principal shail not eatend or
<br />. postpone the due�ate of the monthly payments referred to in paragraphs 1 and 2 or change the amount of ihe payments. If
<br /> under paragraph 19 the Property is acquired by Lender,$orro�ver's right to any insurance palicies and proeeeds resulting
<br /> from damage to the Propeny prior to the acquisition sha31 pass to Lender to the extent of thr sums.ecured by this Security
<br /> Instrumrnt immediately prior to the acquisi�ion.
<br /> 6. Preservallon and;4laintenance of Property;Leaseholds. Borrower shall not destroy,damage or Sub,tantiaUy
<br /> change the Property, allow the Property ro deteriorate or commit waste. ]f th�s Serurity Imtrument i� un a Icaschold,
<br />. Borr�wer shall comply with the provtsions of the lease.and if Bormw•er acquireti fee title tv the Property,tite leasehold and ___ _ _ _
<br /> fee title shall not merge unless Lender agrees to the n�erger in wriung. ; �
<br /> 7. Protection at Lender's Rights in the Praperty; �tortgage insurance. If Burru�►•er tailti tu �crfrrm tl,e
<br /> covenants and agreementc cvntained in this 5ecunty Instrurr�ent,ar there is a Ieg:�l rmrerd�ng that may tiignificantly�.itlect
<br /> Lender's nghts in the Property (such �s a proceeding in bankruptcy. pmbate. fi�r rondemnaliun t�r t�� enfc�rcc laa�� nr
<br /> regulations),then Lender may du and pay f�r whate�•es ic necc.rtiary ti�prc�tcrt the�alue of thc Nrnrert� anc�Lrndcr'�ngM� '
<br /> in the Pmperty. Lcnder'c acuot�s may include paying any �ums�ecurrd h}� :� I�rn «h�rh h�+ pru�nty ���cr thiti Srrurity
<br /> instrttment,appeacing in courl.paying reawnable altnrney�'Pee��nd entenng��n the Nr��prrt} tr mal.c rerair� Althuugh
<br /> L Lender may tatce actu�n under Ihi��aragraph 7.Lender doc�nut ha.r tu do���
<br /> Any amnuntc di�bueced hy 1_ender under thic raragraph 7�hall hsce�me,iddih�mal deht�if I���rr����er u�ured ht r!m
<br /> Sccunty In�trument.l�nleti�ti��rruwer��nd Lrnder agree t�<<�Iher Irrnn��f pa�mcnt,theu•.inn+untt.h,�II h�•,ir�nirr c•t fr��m t�
<br /> thc da�e �f ditibur�ment a� thr �V��fC FJII' and �h;ill he r:��ahlc. �tiilh �ntrrc�t. u�rn nrhrc• Ir�,in 1 rn�i��i tr lii�ir����ri �
<br /> reyue�tmg payrttent � _
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