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<br /> 89- i 0 61'�3
<br /> UN1FOtth�Cav�tvw�vTS. Barrower and l,ender coven�nt und agree us Pollows:
<br /> t,_, 1. Payment of Priacipal�nd lnterat;Pr�epeyment and Late Char�2s. Harro�vcr shall ptomptly pay when due
<br /> � , thc principal af ard inierest on th�drbt evidenced by!h�Note and any prepayment and late charges due undcr the Note.
<br /> 2. Funds to�Taxa aad Insunace. Subject to applicable law ar to a written waiver by Lendcr,8orrower shail pay
<br /> ta l.ender a�the day monthly�yments arc due u�der the Nate,until the Note is paid in Pull,a sum(•'Funds")equa!to
<br /> one-twelRb af: (a�yearly taxes �nd assessments which may attain priority over this Security Instrument; (b) yearly
<br /> lasehold payments or ground rents on the Propeny. if any; (c) yearly bazard insurance psemiums; and (d) yearly
<br /> mort�age insurance premiums,if any.These items are called'•escrow items." Lender raay estimate the Funds due on the
<br /> basis of current daa snd reasonable estimates of future escrow items.
<br /> The Funds shall be held in sn in�titution the deposits or accounu of which are insured or guaranteed by a federsl or
<br /> sute agency(ineluding I.ender if Lender is suth an institution). I.ender shall apply the Funds to pay the escrow items.
<br /> I.ender may not charge for holding�nd applying the Funds.��lyzing the account or verifying the escrow items,unless
<br /> Lender pays Borrower interest on the Funds and applicable tew permits Lender ta make such a charge. Bonower and
<br /> Lender may agree in writing that intetest shall be paid on the Funds. Unless an agrcement is made or applicable law
<br /> requires interest to be paid. Lender shall nat be required to pay Borrawer any interest or earnings on the Funds. Lender
<br /> sh�ll give to Horrower.without charge,sn ennual accounting oPthe Funds showing credits and debits to the Funds and the
<br /> purpose for which each debit to the Funds was mnde.The Funds are pledged as additional security for the sams secured by
<br /> this Security lnstrument. .
<br /> If the amuunt aF the Funds held by Leader.sogethu with the future monthly payments of Funds payable prior to .
<br /> the due dates of'the escrow itans,shAO exceed the amount required to pay the escrow items when eiue,the excess shsll be.
<br /> at Borroaer's option�ather promptly repaid to Bonower or credited ta Borrower on monthly payments of Funds.If the
<br /> unount of the Funds hefd by Lender is not suflicient to pay the escrow items when due,Horrower shall pay to Lender any '
<br /> unount necessary to make up the deficiency in one or more payments as required by l,ender.
<br /> Upon payment in full of a19 sums secnred by this Security Instrnment. Lender shall promptly refund to Borrower
<br /> any Funds held by Lender. lf under puagraph 19 the Property is sold or acquired by Lender.Lender shall apply,no later
<br /> than immediately prior to the sale of the Property or its acquisition by L.ender.any Funds held by Lender at the time of
<br /> application as�credis sgainst the sums secured by this Security Instrument.
<br /> 3. Ap�liestloa o!Psymeats. Unless applicable law provides otherwise,all paymcnts received by Lender under
<br /> paragtytphs 1 and 2 shall be applied:first,to late charges due under the Note;second.to prepayment charges due under the
<br /> Nate;third�to amounts pnyable under paragraph 2;fourth�to interest due;and last,ta principal due. �
<br /> 4. (��r�t;Liees. Borrawer shall psy all uxes.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 /> Botro�rer shafl pay these obligations in the manner provided in paragrsph 2,or if not paid in that manner,Borrower shall
<br /> pay them on time dircctly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts �__,;:��
<br /> to be paid under this p�ragraph.if Borrower makes these paymer�ts directly, Horrower shall promptly furnish to Lender
<br /> reaipts evidmcing the paymcnts. ' ��-
<br /> BomoMer shall promptly dixharge any lien which has priority over this Security Instrument unless Borrower:(a) '•=
<br /> sgrees in writing to the psyment of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good .;�;
<br /> faith the lirn by.or defend�against enforcement of the lirn in,leg:l proceedings ahich in the Lender•s opinion operate to -
<br /> prevent the enforcement of the lien or forfeiture of any psrt of the Property;or(c)secura from the holder of the lien an .��
<br /> agrament satisfictory to Lend2r subordinating the lien to this Security Instrument.If Lender determines that any part of �
<br /> Ne Property is subject to a lien which may attain priority over this Security lnstrument, I.ender may give Batrower a '
<br /> notice identifying the lien.Borrower shall satisfy the lien or ta{ce one or more of the actions set forth above within 10 days
<br /> of the giving of notice. —
<br /> S. HwM Iusurance. Bonower shall keep the improvements now eaisting or hereafter erected on the Property
<br /> ' insured sgainst loss by fire,haurds included within the term"eatcndod coverage"and any other hazards far which Lender
<br /> requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requira. The
<br /> insunttce carrier providing the insuranec shall be chosen by Borrower subject to L.ender's approval which shall not be
<br /> unreasonably withheld. � !
<br /> All insunna policies and renewals shall be accepuble to I.ender and shali include a standard mortgage claase. ,�'�
<br /> Leader sh�l)hsve the right to hold the policies and renewals.lf Lender requires.Bonower shap promptly give ta Lender .
<br /> all re�eipts of paid premiums and renews�l notices.In the event of lou.Borrower shall give prompt notice to the insurance
<br /> carrier and Lender.I.ender mxy make proof of loss if not made promptly by Borrower.
<br /> Unless Lender and Borrower otherwise agree in writing,insurance proceeds shall be appliod to rcstoration or repair
<br /> of the�'roperty damagod,if the restoration or repair is economically feasible and Lender's security is not lessened.lf the
<br /> restoration or repair is not economically feasible or Lender's security would be lessened,the insurance proceeds shall be
<br /> spplied to the sums socured by this Sccurity lnstrumeat�whether or not then due,with any excas paid to Borrower.If
<br /> Horro�ver absndons the Property,or does nat answer within 30 days a notice from Lender that the insuraace carrier has
<br /> offered to settle a claim,then Len�er may co)tect the insurence proceeds.Lender may use the proceeds ta repair or restore
<br /> the Property or to psy sums secured by this Security Instrument,whether or not then due. The.3Q-day period will begin
<br /> ahrn the notice is given.
<br /> Unless Lender and Borrower otherwise agra in ariting,any application of proceeds to prirscepal shall not extend or
<br /> postpone the due date of the monthly payments refened to in paragraphs 1 and 2 or change the amount of the paymentc.If
<br /> under paragraph 19 the Property is acquired by Lender.Borrower's right to any insurance policies and proceeds resulting
<br /> from damsge to the Property pnor to the acquisition shall pass to Lender to the extent of the sums secured by this Security
<br /> instrument immediately prior to tht acquisition. .--–=--
<br /> 6. Praerration aed Mdateeaece of P�opert�y;I.aseholds. Borrower shal!not destroy.damage or substantially �
<br /> change ttie Property. allow the Property to deteriorate or commit waste. lf this Security Instrument is on a leasehold,
<br /> Borrower shall com ply with the provisions oP the lease,and if Borrower acquires fee title to the Prapeny,the leasehold and
<br /> fa title shall not merge unless I.ender agrees to the merger in writing.
<br /> 7. Protection ot Leader•s Righb in tbe Property; Mortpge Insunnce. If Borrower fails to perform the �
<br /> covenants and agreemenu contained in this Security Instrument.or there�s a legal proceeding that may significantly affect �
<br /> L Lender's nghts in the Property (such as a procecding in bankruptcy, probate, for condtmnation or to enforce laws or
<br /> �egulat�ons).then Lender may do and pay for whatever is necessary to protect the value of the Property and Lrnder's nghts �
<br /> in the Properly. Lender's actums rt�ay include p�ying any sums securM by a lien which has pr�onty ovet th�s 5ecur�ty
<br /> Instrument,apptanng m court,paymg reasonable attorneys'kes and entenng on the Property to make rcpa�ts Although ��
<br /> Lender m�y take act�on under th�s paragraph 7,Lender does not have to do so _�tel,
<br /> Any arrioun�s disbursetl by Lender under th�s paragraph 7 shaU become adduional debt cd Bnrre�wer crcured by thiti �� ,�'
<br /> Securuy Instrument llnless Horrower and Lrnder agree to other terms of payment,thece amc+unt<<hail hear mtcre��from t-
<br /> �he date oi d�sbutsemtn� at �he Notr ratr and �hbll he payable, w•�th �n�ere�t, upcm notice fr��m 1 en.fer t�� Re�rre�wcr
<br /> requesune paymcnt
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