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<br /> RE•RECORDLn
<br /> a�—� �.oso�� �9�- �0�05�
<br /> UNIF�RM Ct�VFNAN7S No�rower�ncl L,ender cavenant and agrcc ec fc•flow�:
<br /> i. P'�Y�t o!Ari�ciMl�d I�tac�t;PnMy�t awi I.�te Cliar�. Borrow•er shall pramptly pay when due
<br /> the princip,�l oPand interat on the debt evidencrd by the Note and�ny prc�►ayment unci�ute rharges due under the Note.
<br /> �. F��for T�xM sM Isw�a�t. Sub}ect t�ap�licablt law ar ta A written wai�•er by I.ender,Bar�aw•er shall pay
<br /> � tn I.emier dn Ihe J�►y rnonthly Mynients Are due under tht Nate, until thr T�'ote is�stid in full.a sum("Funds")equal ta
<br /> ane•t�Hth of: (s) yeariy tuces anci a�.sessments whi�h m�} �tt�►in �+riofiEy ov�r this Se�urity In�trumeni; (b) yexrly
<br /> k�sehold �ymrnts oc �round rents on the Praputy. if wny; (c) yearl�� h�zard insursnce premiums; and (d) yearly
<br /> tnost�c inturance premium�,if an�;.Tl:.,;.r.ittms are csltcd"rscraw itoms."Lender may�timate the Funds duc on the
<br /> bain of curnnt dats uid reason�bk atimates af fLturc escrow items.
<br /> The Fueds sltali be held i�an institution the deposits or accounts of whic�arc insured or guaranteed by a federal or
<br /> state a�ency(includin�Lender iP Lender is such Rn intlitutton). Lendec shall spply the Funds to pay the esc�ow items.
<br /> Lender tnay not chu�e for holdina and applyins the Funds,analyzing the accaunl or verifying the escrow items,unless
<br /> t.ender p�y�BarroMer interat on the Funds znd applicabk law permits Lender ta make such a charge. Bo�cow+er and
<br /> t�ender may agree in writing that interest shali be paid on tlx Funds. Unless �n agreement is mads or appiic�bie law
<br /> � t+equira interest to be pid�Lerider shall not be requind ta pay Harrov►er�n��interest or earnings on tha F�ds. Leader
<br /> sball�ive ta Borrowcr.Mithout char�e,�n annual secounting of the Funds showi�g credits and debits to the Funds and the
<br /> purpcne for�vhieh ach debit to the Funds au made.The Funds are pledaod s�s additiona!soeurity for the sums secured by
<br /> thls Sccurity In�trurnent.
<br /> If the+tmount of the Funds hdd by Lender�together with tho future m�anthly payments oP Funds payable prior to
<br /> the dne dates of the acrow items,ahall excced the amount required ta pay th�escrow items when due.the eacess shall be,
<br /> � at Borrower's option,eithor promptl}reptid to Hatrower ar creditod ta Horrower on monthly paymcnts of Funds. lf the
<br /> � amount�f tha�uncia hdd by I.ensit!is n�t�tufficient to Qay the escrow items whsn dut,BorroeYCr shn!!ga;ta Lent�tr any
<br /> •moutlt n�cessary to�nake up the deflcitncy itf one or mare p�ynxnts as requirod by Lender.
<br /> � Upan psyment in fu11 of sll sums securod by this Secuiity lnstrumen�,Lender stull promptly refund to Borrower
<br /> ' �ny Funds heW by Lendtr.If under pamgraph 19 ehc Praperty is sold or i�uirod by Lender,I.ender shall apply,no later
<br /> than imntodiately prior to the sale oP th�Aroperty ar its acqui�itian by Lrnder.any Funds held by Lender at the time of
<br /> ' spplication u a credit a�ainst the suma securod by this Securit�lnstrument.
<br /> 3. A�IieaHos oi Pa�e�q. Unku applicsbk law provides otherwise,all payments rcceived by Lender under
<br /> paragnphs 1 and 2 shalt be applied:first,to tate chuges due under the Note;second.to prepayment charges due under the
<br /> : � Note;third,to unounts payable unckr panEraph 2;foutth,to interest dur,snd last,io principal due.
<br /> 4. C�sr�es;l.kb. Borrower ahall pay all taaes,assessments.charges,flr►es and impositions attributable to the
<br /> Property which may attain priority over this Serariry Instrumsat, and Isaszhol� payrnants or ground rents, if any. :
<br /> } BorroMer shall pay these oblisutions in the manner provided in paragraph 2.or if not paid in that manner,Bonawer shall :i _
<br /> , pty them on time directly ta the person owed payment.Borrower shall promptly furnish to Lcnder all notias of amounts .
<br /> � to be p�id under this p�uxgraph.If$orcower makes these payments directly,Borrower shall promptly furnish to Lender t
<br /> meipts eridrncing the payme,nts. ��`��
<br /> Borrower shall promptly discharge Any lien which has priority over this Security Instrument unless Borrower:(a) �
<br /> � a�rres in�vriting to the p�ymrnt oi tite oo3�stian s�uroci ay the lien in s manner ac�eptaoIe ta Lcnder,�o�conies[s in good
<br /> fiith the Grn by.or defends sgainst rnforcement of the lien in, legal proceedings which in the Lender's opinion operate to
<br /> prevent the enforcemrnt of'the lien or forfeiture of any part of the Property;or(c)secures from the holder of the lien an
<br /> agrcement satisfactory to Lender subordinuting th�lien to this Security Instrument. lf Lender determines that any part of
<br /> tht Property is subjeci to a lien which may attsin priority over this Security Instrnment. Lender may give Bonower a
<br /> notice idrntifying the lien.Horcower shall satisfy the lien or take one or morc of the actions set forth above within 10 days
<br /> � of the giving of notice.
<br /> � 5. Hsrard Imwrance. Bonower shall keep the improvements now existing or hereafter erected on thc Propeny
<br /> � insured against loss by 8re.hazards included within the term"eatended coverage"and any other hazards for which Lender
<br /> requires insurance. This insurance shall be maintained in the amounts and for the periods that I.ender requires. The �
<br /> � insurance carrier proriding the insurance shall be chosen by Horrower subjoct to Lender's approval which shall not be �
<br /> • unreasonably withheid. �
<br /> All insurartce policies and renewals shap� acceptable to Lender and shall includ�a standard mongage eIause.
<br /> I.�nder shall have the right tio hold the policies and renewals. If Lender requires.Borrower shall promptly give to I.ender �
<br /> a11 receipts of paid premiums and renewal notices.In the event of loss,Botrower shall give prompt notice to the insurance `h'
<br /> camer and LendeP.Lender may make proof of loss if not made promptly by Borrower. ;
<br /> Unless l.rnder and Borrower otherwise agree in writing.insurance proceeds shall be applied to restoration or repsir ' �-_�
<br /> of the Property damaged,if the restoration ot rapair is economically feasible and Lender's security is not lessened. If the �
<br /> restoration or repair is not econamically feasible or Lender's security would be lessened,the insurance proceeds shall be ,
<br /> agpJied to the sums secured by this Security Instrumtnt, whether or not then due, with any excess paid to Borrower.If
<br /> Borrower abandons the Propeny.or does not answer within 30 days a notice from Lender that the insurance carrier has
<br /> offered to settlo a claim,then Lender may collect the insurance proceods.Lender may use the proceeds to repair or rescore
<br /> the Property ar to pay sums secured by this Security lnstrument.whether or not thrn dae.The 30-day period will begin
<br /> when the notice is given.
<br />, Ueless Ler�des�nd Bonower othercvise agsee#a writing,any appl'scation af psoceeds ta prinripa!shal l nos extend or
<br /> pastpone the due date of the monthly paymrnts referred to in paragraphs 1 and 2 or change the amount of the payments.If
<br /> under paragsaph 19 the Properf,y is acquirod by Lertder,$onower s nght to any insurance palicies and praceeds resulting
<br /> from damage to the Property prior to the acquisition shall pass to Ixnder to the extent of the sums secured by this Security
<br /> Instrummt immediately prior to the acquisition.
<br /> 6. Praenallon a�d:�W�teRaeoe ot Firo�erty;I.easeholds. 8orrower shall not destroy,damage or substantially
<br /> change the Property. allow� the Property to deteriorate or comcrt�it waste. [f this Security Instrument is on a leasehald.
<br /> fiarrower shall comply with the provisians of the lease,and if Borrower acquires fee title to the Property,the leasehold and ; l-"
<br /> fa title shall not merge unless Lender agrees to the merger in writing.
<br /> 7. Proteetio� of Lender's Rights in the Property; :�lo�tgage Ingunnce. [f Horrower fails to perform the
<br /> covenants$nd agtcements c�ntained in this Secunty Instrument,or there is a]egal proceeding that may significantly affect •
<br /> Lender's rights in the f'roperty(such as a procoeding in banktuptcy. probate. for condemnation or to enforce la�vs or '
<br /> reEulations),then l,ender may do and pay for wh3te�er is necessary tu protect the value of the Property and Lcnder's�ights �
<br /> in the PropeRy. Lender's actions may irtclude paying any sums secured by a 1�en wh�rh �tas priority over this Set�nt�
<br /> 1 Instrumem,appea�ring in court,paymg re:►sonable attorneys'Pees and entenng�n the Prnpesty to make rc�airy Alth��ugh
<br /> L—.• [.ender may take action uncter this paragraph 7.Lender does not have tn dd so.
<br /> Any amnuntc disbursed by I,ender under th�s paragraph 7 shall beeome add►honat de����f Fi��rrower�ecured by t hi< <..
<br /> 5ecur�ty tes¢rurnent l:nlers Aartt�wer and Lender agrce ta other tcrms of payment, these ar,ic�unt�tihall txar imcretit fn�m ��tQf
<br /> the date ti�f'disbursement z� �he �a�te rate and ShUll he payuble. �vith tnterest, u�xm nrtire fr��rn I cndcr t�� It��rr��..��r � ��i
<br /> requcating payment r Y
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