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<br /> 89.� �as�.e�
<br /> UNit'ORM COVI:NAN15 Iiorrawcr ancl I.cnticr cuvenHnl And agrec u�f��Uaw•r•
<br /> 1, P�yn+ent at NrieetMl�ed l�terat; f'rep�yment�nd I.�to C'hu�. Ilarr��wcr sh�ill �romptly p��y ���hen duc
<br /> Ihe principal c�f and interest on 1he debt evidenced by the Notc and c►ny�repaymcnt nnct lnte charg�due under the N�te.
<br /> Z. Munds tor Taxa�ad IN�Nnnce. Subje�ct ta applicable law or to u w�ritten wni��cr by l.ender,�arrrnver sh�ll pny
<br /> to Lender on the ciay monthly�yments arc due under tl�e Note,until thc Natc is paid in full,a rum("Funds")equal t�
<br /> one-twelRh of': (a) yr.�rly taxes and assessments which m�y attain priarity over this Security lnstrument; tb) yearly
<br /> laxhald paymc�ts ar ground rents an thc Property, iP any; (c) yearly hauud insu�ance pcemiums; �nd (d) yenrly
<br /> mc►rt�t�e insurance prcmiums,if'�n�r.These items are callcd"escraw items."Lender may estimate the Funds.lu��n the
<br /> b�sis of current data end reasanxble estimat�.w af ibture escraw items.
<br /> The Funds sha11 be held in an institution the degasi�.s or accaunts af which ure iasu�ed or guaearttced by a fecierat or
<br /> state sgency (including Lender ii'Lender is such an institution). Lender shall apply the Fund.. to pay the escra+r items.
<br /> I.ender may�ot charge for holding and applying ihe Fu�►ds.ar�alyzing the accaunt or vsrii'}ing the escrow items, unless
<br /> Lender pays Borrower interest on the Funds and appticable law permits Lender to muke�uch a charge. Borrower and
<br /> Lender may agree in writing that interest shall be paid an the Funds. Unless an agrecment is made or applicable law
<br /> � roquires interest to be paid,Lender shall noi be required to pay Honawer any interest or earnings on the Funds. Lender
<br /> shal)give to 9orrower,without charge,an annunA accaunting of thc Funds shawing credits and debits to the Funds and the
<br /> " . purpose for which each debit to the Funds was�raa�e-The Funds are pledged as additionai security far the sums secured by �
<br /> thisSecurity Instrumeat.
<br /> � � lf the amount of the Funds held by Lender.tagether with the Puture monthly payments of Funds payable prior to
<br /> � the due dates af the c�cR�w items,shap exceed t§a�e amaunt required to pay the escrow items when due�the excess shAll be,
<br /> � at Barrower's option.either promptly repaid to Borrower or credited to Barrower on monthly payments of Funds. If the
<br /> , amoum off at�e Funds held by Lender is not sufficient to pay the escraw items when due,Horrower shall pay to�.ender any
<br /> amount�er�agary to make up the deficiency in one or mare payments as required by Le�der.
<br /> � Ltpan payment in full af al�sums secured by this Security Instrument,Lender s,hall promptly refua��t�ti Borrowcr .
<br /> any Funds held by Lender.lf under paragraph 19 the Property is sold or acquired by Lender,Lert��es shall appIy,no later
<br /> than immodiatoly priar to the sale of thc Property ar its acquisition by Lender.any Funds held by �der at the time of. �
<br /> , .. application as a credit against the sums sxured by this Security Instrumeat.
<br /> . 3. Application af Payments. Unless appGcable law�+rovides otherwise,aEB;,era�-ments seceived bt� Le�nder under
<br /> ; paragraphs 1 and 2 shal)be applied:first.to late charges drse�:r.der the Note;second,tc+�repayment eharges due under the
<br /> �: ; Note:third,to amoupts payable undcr paragrap�►2;fcauaEl�.ao Q�terest d�w;3nd last,to princip3t d�ie. . �
<br /> ' 4. Cl�rge�Lfens. Borrower shall pa��P tax�.assessmec�IIS.����rges.fines and imgosiiioas attributable to the ; ., �
<br /> YropeRy which may etta�n priarity over this Sec�r�ty Fnstcurnent. and leasehQ[d �rayrreents or groand retnts, if any.
<br /> Borrower shall pay these obligations in the manner prQ.idar3 er�paragraph 2.or if not paid in that manner,Borrower shall
<br /> pay them on time directly to the persan owed payment. Borrower shall promptly furnish to Lender all notices of amounts i
<br /> to ix paid under this paragraph. 1f Borrower makes these puyments directly,Burrawer shall pramptly furnish to L.ender • >
<br /> roceipts evidencing the payments. �_`'
<br /> Horrower shall pramptly discharge any lien which has priority over this Security Instrument unless Hormwer:(a)
<br /> - agre�in writing ta the payment of tite obligation seeured oy the iien in a mann�r accepiaotr iv icnucr;�v;w,iicats i:���;:,.; _
<br /> faith the lien by,ar defends against enforcemmt of the lien in,legal proceedings which in the Lender's opinion operate to =
<br /> prevent the enforcement of the lien or forfeiture of any part of the Property;or(c)secures from the holder of the lien an
<br /> agreement satisfactary to I.ender subordinating the lien to this Security Instrument. 1P Lender determines that any part of �
<br /> the Property is subject to a lien which may attai� priority over this Security Instrument, Lender may give Borrower a
<br /> notice identifying the lien. Horrower shall satisfy the lien or take one or more of the actions set fonh above within 10 days
<br /> of the giving of notice.
<br /> S. Hazard Insurance. Borrower shall keep the improvements now e�isting or hereafter erected on the Property
<br /> insured against loss by fire.hazards included within the term"extended crnerage'and any other hazards for which Lender
<br /> roquires insurance. This insurance shall bo maintained in the amounts and for the periads that Lender requires. The
<br /> insurance camer providing the insurance shall be chasen by Borrower subject to Lender's approval which shall not be
<br /> unreasonably withheld. =
<br /> All insurance polieies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br /> I.ender shall have the right to hold the policies and renewals.If Lender requires,Borrawer shall promptly give to Lender �
<br /> all receipts of paid premiums and renewal notices. In the event of loss,Horrower shall give prompt notice to the insurance ; �,_
<br /> carrier and Lender.L.ender may make proof of loss if not made promptly by Borrower.
<br /> Unlcss I.ender and Borrowet oiherwise agree in writing,insurance proceeds shall be applied to restoration or rep�ir ��-z
<br /> of the Property damaged, if the�estoration or repair is economically feasible and Lender's security�s not lessened. lf'the i �
<br /> restoration or repair is not economicaliy feasible.or Lender's security would be lessened, 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 notice 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 or restore
<br /> the Propeny or to pay sums secured by this Security Instrument,whether or not then due. Tfie 30-day period will begin
<br /> when the notice is given. '
<br /> UnIess I.ender and Horrower utherwisr agrrr in writing,any apptication of prc�ceeds to principa)shall not cxtend or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments. If
<br /> under paragraph 19 the Ptoperty is acquired by Lender,Borrower's right to any insurance policies and proceeds resulting
<br /> from damage to the Property prior to tht acquisition shall pass to Lender to the extent of the sums secured by this Security
<br /> lnstrument immediately prior to the acquisition.
<br /> 6. Preservation and Maintenance of Property;l.easeholds. Borrower shall not destro�,damage or substantially
<br /> change the Propeny, allow the Property to deteriorate ar commit waste. lf th�s Security Instrument is on a leasehald,
<br /> Bonower shall camply with the provisions of the lease,and if 9orrower acquires fee totie to the Propert}•.the leasehold and �_- _-_
<br /> fee title�shall not merge unless Ler.der agtees to the merger ic�µriting. '
<br /> 7. Protection of Lende�'s Rights in t6e Property; ;Vlortgage Insurance. 1f Horrc�u•es fails to perform the ,
<br /> covenants and agreemea�ts contained in this SPr:unty Instrument,or there is a legal proceeding that may significantly affect
<br /> Lender's rights in tEcr Property isueh as a prcueeding in bankruptcy. probate, for condemnation or to enfurce laws or -
<br /> regulations),then lxnder may do aRd pay fos whatever is necessary t�protec!the value of the Property and LeE��urr'�rights •
<br /> in the Pro�erty. Lender's actions may include paying any sums secured by a lien whirh h�s �n��nty �vrr rt��.Secunty ' �
<br /> L Instrument.appeanng in co�s�t,paying reasocuable attorneys'fees and entering on thc F'rop�rt} ro makr tcrairti Althaugh
<br /> I.ender may takc action under this paragraph 7.Lender does not have to do s<�. ,
<br /> Any amoun��d�sbursed by Lender under this paragraph 7 shall become:�dd�uvnal deM�•f liorrower Secured hy thi�
<br /> Serunty Inscrumrnt Unlcss H��rrower and Lcnder agrre tn othcr termti c�f payment,the�e am��untti tih:ill bcnr intrrr�t R<�m ��`
<br /> thr date nf d��hurtiemcnt at Ihe Note rate and Shall tK �+ayablc. uith intrrcwt, u�on n��tuc frum 1 cnder t�� H�+iro«er �
<br /> requcrtmg paymcm � ~ '�jt'
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