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<br /> l%NiFI�RM Cu�'kV.1 V 1 S H�n�oN•er and Lender cmenant and agree a�f��llv��..
<br /> 1. P�yment of Principal And Interest; P�epayment�nd l.ate rharRes. Hr+r�c��ticr�h.�ii �r��m��i>� ��} ��n��, a���
<br /> �he rrine�p�l rFand interest c9n the debt�videncrd Dy the Notr nncl um�prepayrnent and lale chargr�cfue under thc Nntr
<br /> 2. �u�far Tazrs and Inspr�ece. Subicct to applicablc lu��c�r t��a w�ritten��ai�c�h}�Lcndcr,t�orr��w�cr�hall pati
<br /> . to Lender on �he day manthly payments are due undcr thr No�r,um�l the Note ix paid in fu1L .i,um("rund�')cyual ta
<br /> � , anr�t�rettih of: (9) }e�rfti taxrs and accessmrntc w•fii�h ma}• attaisti pr�onty �}tier th�3 Scc►�riry fn,�rua�ct�t: (hi peart}
<br /> - Iraschald �}mems or ground rents on the Praperty, if nny; tcl yearly hazard insur�nce pr�miums: �md (�i) yesrlp
<br /> mart��Qe insurance premiums,if any. These items are calietf"c,cec�K�iiems."Lender may estin�ate the}'u��ds due on thr
<br /> buis atcurrent d�ta and rtasanxble estim�tcs af fiuurr escrow�tem�.
<br /> 'I'he�unds shnll be held in an institution the deposits�r accounts oi'w hich are insured or guaranteed by�a fecirral or
<br /> stste agency(including Lender iP Lender is such an iostitution). l.ender shall app�y the Funds to pay the esc�ow• items.
<br /> l.ender m���not charge far holdin��nd applying the�'unds,analyzing the account or verif}�ing the escraw items. unless
<br /> Lender�ys Qarrower inter�t on the Funds and applicable !aw permi�e I.ender to make such a charge. Bc�rrower and
<br /> Lender may agree in writing that intsrest shall be paid on the Funds. Unless an ugr�ement is madr ar applic3ble law
<br /> requires interest ta bc pxid, Lender shall not be required to pay Bc�rrowe�any iaterest ar earnings on thc Funds. Lender
<br /> ah�ll�ive to Borrower,without charge.an annual accouating of th�Funds showing sredits and debits to the Funds and the
<br /> purpose for w hich exch debit to the Funds wag made.The Funds are pledgrd as additional security for the sums secured by
<br /> this Sccunty lnstnimcnt.
<br /> lf the amount of'the Funds held by Lender,together with the future monthly payments of Funds payable prior ta
<br /> the dur dates of tha cscrow items,shall�aceCd the amount rcquired to pay the escrow�items when due,the excess shall t�e,
<br /> • :t Bc+rrower's optian,either promptly repaid to Borrower ar credited to Bonower on monthly payments of Funds.If the
<br /> ; amount pf tne Funds hei�by I.en�er is not suttic�ent ta pay the escraw items Nhen due, &�rrower shall pay ta Lender any
<br /> amount necessary to make up the deficiency in one or more pay ments�.S required by Lender.
<br /> "' Upon payment in Pul)of sl)sums secured by this Security Instrument,Lender shall promptly refund ta Borrawer
<br /> any Funds held by Lender. lf under paragraph 191he Property is sald or acquired by Lender.Lender shall apply,no later
<br /> than immediately prior to the sale of the Frupeny or its acquisition by Lender.any Funds held by Lender at the tisne af
<br /> i application as s crodit againsi the sums ucured by this Security Instrument.
<br /> ' 3. A*plicatioe of Pay�eats. Unless applicable law p�ovides atherwise.all payments received by Lender under '
<br /> �' n ra hs I and 2 shall be a lud:first,to late char es due under the Notc;second,to re a ment char es due under the
<br /> Pa 8 P � PP � 8 P P Y 8
<br /> ' Note;third.to amounts payable under paragraph 2;fourth,to interat due;and last.to principal due.
<br /> � 4. Gtiar�es;Litas. Borrower shall pay all taaes, assessments,charges,fines and im�citions attributable to the
<br /> Property which may attain priority.over this Security Instrument. and leasehold payrteents ar ground rents, iP any. .
<br /> Borrowu shs�ll pay thae obligations in the manner provided in pacagraph 2.or if not paid in that manner.Bonower shaU �
<br /> pay them oa time directly to the person owed payment. Horrower shall promptly furnish to Lender all noticcs of amaunts '''
<br /> to be paid under this paragruph. If Borrower makes these payments directly,Botruwer shall prompdy furnish to Lender z,���=
<br /> receipts evidencing the payments. .i��:%~
<br /> -- . , Bnrntwer chall�frnm�tly djecharo�unv lie�r�wt�irt�},A�r,��ri�y�.,P�rh;�cP.,��,���lne�nte oQ!L^.1;'�..��lI4.°_�Lf'�»�
<br /> agrees in writing to the payment of'the obligation secured by the tien in a manneracceptable tv€xnder;(b)contests in good
<br /> fiiith the lirn by,ar defends against enforcement af the lien in, legal praceedings w hich in the i.ender's opinion operate to
<br /> prevent the enforcement of the lien ar forfeiture of any part os the Propeny;or(c)secures trom the holder of the lien an
<br /> agrament satisfactory to Leader subordinating the lien to this Security Instrument.If L.ender determines that any part of %
<br /> the Property is subject to a lien which may attain priority over this Security lnstrument, Lender may give Borrower a
<br /> notice identifying the lien. Borrower shall satisfy ti►e lien or take one or mare of the actions see forth above within 10 days
<br /> of the giving of notice.
<br /> S. Harard Insunea. Bonower shall kcep the improvemeuts now eaisting or herrafter erected on the Propeny
<br /> insured against loss by fire,hazards included within the term"extended coverage"and any othec hazardSf.or which Lender
<br /> requires insurance. This insurance shall be maintained in the amounts and for the periods that I.cnder requires. The
<br /> insuranct cairrier providing the insurance shall be chasen by Borrower subject to I.ender's approval which shal! not be
<br /> unreasonablv withheld. _
<br /> All insurana policies and renewals shall be arccpiable to Lender and shall �nclude a standard mortgage clause.
<br /> Lender shall have the right to hold the policies and rcnewals. If Lender requires.Borrower shall promptly give to Lender �„F=
<br /> all receipts of paid premiums and renewal notices. In the event of'loss,Bonower shall give prampt notice to the insurance � "'�-
<br /> cazrier and Lender.L,cnder may make proof af loss if not made promptly by Botrower.
<br /> .Unless Lender and Bormwer otherwise agree in writing,insurance proceeds shall be applied to restoration or repair � �--
<br /> of the Property damaged,if the restoraiion or repair is economically feasible and Lender's security is not lessened. If the
<br /> rcst�ration or repair is not economically feasible or Lender's security would be lessened,the insurance proceeds shall be � �
<br /> appliod to the sums secured by this Security Instrument,whether or n�t then due. with any excess paid to Borrower. If
<br /> Borrowet abandons the Property,or does not answer within 30 days a notice fram l.,ender chat the insurance carrier has
<br /> offered to settle a claim,then Lender may collect the insurance proceeds. Lender may use tt�e proceads to repair or restore
<br /> the Ptoperty or to pay sums serured by this Security Instrument,whether or not then due. The 30-day period wil) begin
<br /> when the notice is given.
<br /> Unless Lender and i3orrower otherwise agree in writing.any application of pruceeds to principal shall not extend or
<br /> postpane the due date of the monthly payments referred to in paragraphs 1 and 2 or change t�e amount of the payments. If
<br /> under paragr2�ph 19 the Property is acquired by Lender,Borrower's right to any insurance policies and prnceeds res�ltong •
<br /> fram damage to the Property prior to the 2�cquisition sha11 pass to Lender to the extent of tMesums secured by this Security
<br /> lnstrument immediately prior tn the acquisition.
<br /> b. P�eservation and tiiaintenance ot Propessy;Lestseholds. BorroweF�ha{f not�estroy,damage or substaretially
<br /> change the Pror+erty, allow the Pr�perty to deteriarate or comm�t w•aste. If th�s Securic4 ¢�strument is on a leasehold,
<br /> Barrower shall comply with the provisions of the lease.and�f$nrroaer acquires fee t�tle to t�:e Property,the leasehald and ' � �
<br /> fee title shall not merge unl�ss Le�ider agrees ta the merger�n u•riting. ' �
<br /> � 'f. �*rotectlon of Lender's Riqhts in the Property; �tortg�ge Insurartce. If Horrowcr fails t� perform the i
<br />' covenants and agreements c�ntamed in this Security Instrument.or there i�a le�al procr�dmg that rnav signi8cantly affect '
<br /> i,ender's nghts in the Property (such as a pr�reeding in bankruptcy, probate, ic�r condemnauon or to enfc�rce lawti or
<br /> regulationsy,then Lendet may dc�and pay for whate�•er ic neeessary t�protect the�alueof the Property�nd Lender'�rights
<br /> in the Prc�erty. ixitider'� acu��n5 ma�• include paying any sums secuted by a lren «htch has �n�rin• o�er th�c Secunt�•
<br /> I Instruinent,appe�nng�n cr�urt.�+ay�ng reason�ble attorneys'fees and cntenng t�n the Propen� ta make rera�rti Allhough
<br /> [.�ndee m�y take acti�m under this raragr�ph 7.Lendt�t'does not ha�e tc�dc�tin
<br /> Any:�n:��unt�c!»hur�rd by Lender under thie paragraph 7 shall bcec�me.idd�tumu)drM��f Fi;�rrcn�er�erured h�t}i�� h
<br /> Sec�irily fml�ument l'nlr.�H{�trnwet and Len�ler agrer tn i�ther tcrm.e�f�+a�ment. thc�c:�m��unt��h:ill hcar interr�t lrnrri �
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