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<br /> UAJiFORM COVEidAt3jS Borrower and Lender�ovcnstrt and agree Ps followsr, ��
<br /> � 1. Payiaeet oi PriACtp�l�tud IAterqt; Prcp�ymeAt and Late CbarQas. Borrawer shall promptly pay when due
<br /> the princips!of and interest on the debt evidenced by the Note�nd�ny prepayment and late charges due under the Note.
<br /> �. Fu�df[or Ta:a aad Insurana. Subject to applicable law or to A written waiver by Lender,Borrower sholl pay
<br /> to Lender on the day monthly p�yments are duc uncier the Note,until the Note is paid in full,a sum("Funds")equal to
<br /> one-t�+elftb of: (s}yrsrly taxa and �►ssessments which may atuin priority over this Security lnstrument; (b)yearly
<br /> less�hald payments or ground rcnts on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />_ mort�e iasurance premlums�if�ny. 7'hese items ue callod'•escro�r items."Lender msy atimate the Funds due on the
<br /> Wsis of current da►ta�nd reasonable estimues of'tl�turc escrow items.
<br /> Tht Furids shall be held in an institution the deposits or xccounts of which are insured or guaraateed by a federal or
<br /> •tats sgency(including Lender if I.ender is such an institution). Lender shall apply the Funds to pay the excrow items.
<br /> I.ender may not chuge for holding and applying the Funds.analyzing the account or verif'yi�g the escrow itema,unless
<br /> I.ender pays Bonower interat on the Funds and applicsble law permits Lender to make such a charge. Bonower and
<br /> Lender msy agra in ariting thst interest shall be paid on the Funds. �Jnless�n agrament is made or spplicable l�w
<br /> requira inte�st to be paid,L.ender shall not be roquirod to p�y Borrower xny interest or earnings on the Funds. Lender
<br /> ahall give to Borrowu,without charge,an annual accounting oFthe Funds showing credits suid debits to the Funds and the
<br /> purpose for which e�ch debit to the Funds was made.The Fnnds are pledged as additional security far the sums secured by
<br /> ; this Secwity Instrument. �
<br /> If the unouAt of the Funds held by Lender,together with the future monthly payments of Funds payable prior to
<br /> the due dates of the esqaow items�shsll oacad the amount required to pay the escrow items when due�the excess shall be,
<br /> at Borro�ver's option,either promptly repAid to Bonower or credited to Borrower on monthly payments of Funds.If the
<br /> unount of the Funds held by Lender is not suf&cient to psy the escmw items when due,Borrower shaA puy to Lender aay
<br /> amount nexssary to make up the de8cienCy in one or more psyments as requirod by Lender.
<br /> Upon payment in full of all sums secwed by this Security instr�ment,L.ender shall promptly refund to Borrower �
<br /> aay Funds hdd by Lender.If under paragraph 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�cquisition by Lender.any Funds held by Lender at thc time of
<br /> application aa a credit sgainst the sums secured by this Security Instrument.
<br /> 3. A�lieados of P�y�neats. Unless applicable law provides othetwise,all payments received by Lender under
<br /> pangraphs 1 md 2 shall be applied:8rst,to late chuges due under the Note;seeond,to prepayment chuges due under the -�
<br /> Not�third.to amounts payable under paragraph Z;fowth,to interest due;and last,to principal due. . �
<br /> 4. C'tir�Li�as. Borrower sball pay all wces.assessments�charges.fints and impositions attributable to the '
<br /> Yroperty w►luch may xttain priority,over this Sccwity Instrument, and leasehold paymenu or ground rents. if any. . ��•_
<br /> {�e Borro�►er shall p�y these obligations in the manner provided in paragraph 2,vr if not paid in that manner.Borrower shall �:� ,.
<br /> 1 w�a, � w�MI�. �1�.�....�.. T L' /__". w. • 1.. ..-.
<br /> � r..�i �CR tis:.:,L:..,r..J tti.n��,caa8i.t'i::a"�j,a:jr:ucui.nciu v:v2i aiu�Ii pi uiupily�urnian iu unaer siI noiioe,s of amounts j::;�-
<br /> to be paid under this puaarsph.If Borrower maices these payments directly,Borrower shall promptly furnish to Lender '
<br /> reoeipts evidencing the paymeats. �.
<br /> HorroMer shall promptly discharge any lien wbich has priority over this Security Instrument unlas Horrower.(a) � _
<br /> asras in writing to the payment of the obligition secured by the lieA in s manner acceptable to Lender;(b)contests in good
<br /> faith the lien by,or defends sgsinst enforcemmt of the lien in.legal proceedings which in the Lender's opinion operate to
<br /> prevmt the eaforcement of the lien or forfeiture of any part of the Property;or(c)secures from the holder of the lien an ; ,
<br /> aaramerwt satisfactory to Lender suborditiating th�lien w this Security Instrument.lf I.ender determines thu any part of ��
<br /> the Property is subjxt to a lien which ma y attain priority ova this Security Instrument,Lender may give H o�r rower a
<br />: notice ideatifying the lien.Bonower shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br />" ' of the givina of notice.
<br /> S. H�sard Iawr�na. Bonower shall kap the improvemeats noa existing or hereafter erected on the Property
<br /> insured aEainst loss by fire,hazards included within the term•'extended wverage"aad any other hazards for which Lender � ,
<br /> , requira insuranct. This insurance shall be maintained in the unounts and for the periods that Lender reqnira. The i
<br /> insurance carrier proriding the insuru►ce ahall be chosen by Borrower subjoct to Lender's approval which shall not be .
<br /> unrwonably�vithheld. �.����;.
<br /> All insuranae policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause. ;.�''
<br /> Lender ahail have the right to hald the policies and renewals.lf Lender requires,Borrower shall promptly give to Lender
<br /> all rectipu of paid premiums and renewal notices.In the tven�ctS loss�Bonower shall give prompt notice to the insurance
<br /> carrier and Lender.Lender may make proof of loss if not made pQOmptly by Borrower. �
<br /> Unless l.ender anc!Borrower otherwisc agee in writing,insurance procoeds shall be applied to restoration or repnir
<br /> of the Property damagod,if the restoration or repsir is economicaUy feasibk and Lender's security is not lessened.If tht
<br /> rrttoratioa or repiir is nat economically feasible�I.mder's security would be lessened�the insurance proceeds sh�ll be
<br /> appiiod to the sums secured by this Sec�rity Instrument.whether or not then due.�vith any eacess paid to Borrower. If �.
<br /> Bonowa abendons the Property,or doa not usswer within 3€D days a natice from Lendes that the insuran�x carrier has
<br /> , o6ered to settle s claim.then Lender may collect the insurance proceeds.I.ender may use the pracads to repair or restore
<br /> the Property or to p�y sums secured by this SecuriEy�Instrnment.whether cr not thm due.The 30-day period will begin
<br /> whm the notice is given. �
<br /> Unless Lender and Borrower otherwise agra in writiscg,.any application of proceods to principal shall not eatend or
<br /> postpone the due date of the monthly payments reftrred to in paragraphs 1 and 2 or change the amount of the payments.If
<br /> under paragnph 1g the Property is acqnired by Lender,Borrower's right to any insurance policies and proceeds resulting
<br /> from damage to the Property prior to the acquisition shall pus to Lender to ths extent of the sums secured by this Secarity
<br /> Instrument immediuely prior to the acquisition. %_-`_ "
<br /> 6. Prqer�allon and Maiateaaece ot Praper�,Leateholds. Borrower shall not destroy,damage or substantially �
<br /> change the Property.a11ow the Propeny to deteriorate or commit waste. If this Security Instrument is on a leasehold, �
<br /> Horro�ver shall comply with the provisions of the lease,and if Borrower acquira fee title to the Property,the leasehold and !
<br /> fa titk ahall not merge unlas Lender agras to the merger in writing. .
<br /> 7, Protectioo ot Le�der'i Rl�hb in t6e Property; Mort�e Insurance. lf Borrower fails to perform the
<br /> eovenants anA agreeisunts contained in this Security lnstrument,or there is a lega)proceeding that may significant)y a}feet �
<br /> L Lender's ri�hts in the Property (such as a proceeding in bankruptcy. probate, for candemnation or ta enforce faws or �
<br /> resulations),then Lender may da and pay for whatever is necessary to protect the value of the Propeny and I.�nder's rights ¢
<br /> in the Property. Lender's act�ons may inciude paying any sums secured by a lien which has pnority over this Security r,,,,
<br /> lnatrument.appearing in court,pay�ng reasonable attameys'foes and cntering on the Propeny to makc repa�rs.Although tp�
<br />- Ltnder niay t�k�act�un undrr�his pyrAgraph 7,Lcnder does rtot have to do so. �
<br /> Any amounts d�sbursed by Lcnder under this paragraph 7 shall bec�me additional debt of Borrawer secured by th�s • �'
<br />„ Secunty Instrnment. Unless Borrower and[,ender agret to other terms of payment,these amauntc shall bear�nterest from " "
<br /> the date of dtsbursement at the Piote rate and shall be payable. with mtcrest, upon noUre from I_ender to 13orrower
<br /> requeshng paymen�
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