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<br /> � ... � 91-10013 4 �:;-:---- _--
<br /> . • UNIPA�M COVBNAN7'!� BOITOMti�tld 1.lDdl�COYCMO!Md��fle is f0110Wi: _ �;,a,�
<br /> .. ' x i. Pay�t ot Prl�etOal wllahrM�Pr�M7�t�d IaW�a. Barrower shall promptly MY whrn due _ .. -_.:_..__---
<br /> ° � � •�S the principal of and leterat on the debt evidencad by the Note and any prep�yment�nd I�te cf urQa due unJer the Note. ____ -
<br /> ,�;, .. . 2. Fard�tor T�xw�ul l�arawce. Su�ject to applicable law or to�wrilten waiver by Lender.Bonawor sb�ll p�y �""�:j�^�.��+.�
<br /> � ��..,-*� . ,..
<br /> • � to I.ender on the day mant6ly paymmts ue due under the Note,until the Note is psid in full,a sum("Funds")cqu�l to
<br /> � ^ � one•tweltih of: (r)yearly taxes u�d�ssessmenu which may attAin priority over this Security Instrumem;(b)yarly �
<br /> ,�;,;yr�wi.rs�t��.+,r:� Iauehold psymenb or p�ou�d rrnts on the Property. if�uty;(c)yarly huard insunnce premium:; and (d)yearly (
<br /> " , morlgage insunna premiums,if any.These items ue c�ped"acr�w items."I.eoder may atimate the Funds due on the � ._ . .,,,••,-.�•�_` __
<br /> ,. b�si�of currcnt data aod rcason�ble estimata of futu�e escrow items, ' ""';"^,:,.-'_:
<br /> The Funds shull be held in�n institutbn the deposits or accounts of which are insured or guaranteed by a federal or , ,.:,,,t,,.y,� ,�,
<br /> � state a�ency(including I.ender if Lende� is such an inatitutian),Lender shaQ ppply the Funds to pay the escrow itcros. �,°x.'>'•",:,��:-:
<br /> �� i i�ender m�y nat ch�rge Wr holding and�pplyinQ the Funda,a�dyzing the accoun�o�veriiying the escrow items,unlas �...
<br /> .� Lender p�ys Borrower interat on the Fund�and applic�ble law perm�ts l.ender a moke such A charge. 8orrower And
<br /> • Lender mny agree in writing�hat interest shall be pxid on the Fund�s. Uv�Gess�n agreement is made or appUcable iww � � �
<br /> . requires interat to be pq�id>Lender shall not be required lo Qay�rn*wcr s�nY iraterest ur earnin8s on the Funds.Lander
<br /> • sh�ll give to Barsower,witl�au�charge,an annual accounting oSthe Funds showing crcdits And debits to the Fuads and the .
<br /> purpose PoT which each debit to 4he Fu�is w�s made•7'he Fun�s ue Vled�ed s�additional secu�ily for the sums seeured by .
<br /> thisSecunit�r Instrument.
<br /> • ' '`�;'�'�ii If the amount�Y the Funds Ane�9 by Lender.to�tether witb t�e future monthly paymems af Funds payable prior ro . . � ! ' �' '.. ,
<br /> . '�}�'�,: tbe due dntes oFthe esrrr,ow•atema,ab�a�?eaceed tAe a�r,�unt required to pay the esc�aw items when due.the excess shal t be. �,.,:':. ' .. .�;.',: .
<br /> . '.,?.�' �t Honower's aption,�eib�r prompqy repaid to B+�rrn�wer or credited to Borrowe�on monthly payments ot Funds.lf the •�� .: ;� ;
<br /> - '- . � � �'��'1� smount of'10�t�unds h¢id�y L e n der is aot w f ficien�lo pi►y t he escrow i t e m s w h e n d u e,B o n o a e r c h a l l p a y to Lender an y �' � � �;''''"
<br /> - ,.'4i}1e''•:� -
<br /> , ' , �+•rf�.s�� : amount nec�ry to make up the de4�ci�nc�+in one or more payments ns requirod by Lcnder. ( , ,
<br /> �:�•.�ti-_
<br /> ;r•��• �••'�,;•,._ .• Upon payment in full of all suu�e�sxcuced by this Security Instrummt,Lender�hall promptly refund ro Borrawa I,•� � �'�••
<br /> ,. � , r .�.,}.• , � }`�',P..
<br /> )�+_'��: an Funds held b Lsnder. If under ra ra h I�the Pro rt is sold or ac uired b I.ender,Lender shall a I no later ,:��"' '
<br /> ���`;,.. '���.. , Y Y Pa 8 P P� Y q Y PP Y. � ' ' .;,�''Y'""
<br /> �;:�ti�;, - '�:��'�` than immediatcly prior�o the sale of the ProFeen}��or its acquisition by Lender,a�y Punds held by Lende�at the time of . .
<br /> ,,.:. � '.'.�'�:'�„ sPPlication as a credit ogainst the sums�ecured by t0�as Security Instrummt. I � �,�� • .��' 1�•-�'.
<br /> � `��"`` 3. Applid�don of Paymeob. Unlas applicable laa provides otherwise, �ll payments rceeived by Lender under ,�,: ,
<br /> 'l.. i , ..
<br /> , .. paragrapha 1 and 2 stwll be applied:flrst,to late charga due under thc Nute;ucond,to prepayment charges due under the :j�
<br /> � ' '�-;`5.�,; Note;third.to amounts psyable un�ier puagraph 2;fourth.to inlerest due;and last.to principal due. .,. �
<br /> 4, C,�ex i.iem, Borrawer shall pay all ta�ces.assessments,chnrges,fines and impositions attributable to the � �-:�; �� ., .
<br /> •• Property which may at�oin priority over this Security Instrument, and leauehold payments or ground rents, if any. �, , .r .F
<br /> ' .,� Borrower shall pay these oblig4tio�es in�he mannes providod in paragrapb 2.or if not paid in that manner,Borrower shoQ K , iA � V.
<br /> � pay them on lime directly to the persnn e+wed pa}�nent.Horroae�sh�ll prompUy fumish ta Lender all notices of nmounts � � .�>• �, � .
<br /> ��.�,`+,,� - to be paid under this pangraph.l0�orrp�va nwkds�hese payments diraiiy.Borrower shaU prumptly iui-nish to Lendcr F :r`•... '
<br /> � •'•(�,:;; ' receiptsevidencingthepayments. � • �'�� �. .
<br /> Borcower shall promptly discharge any lizr�w�ich has priority over this Security Instrument unless&►rrower:(a) �'.'��, ' ,�� �
<br /> agras in ariting to the puyment of the obligation secured by the lien in a manner acceptoble to Lender;(b)contats in gaod �•. ; '
<br /> ,�.�, faith the lien by,er defends ag�in:t enforcement of the lien in.legal proceedinga which in the Lender's opinan operate to i
<br /> ' �• prevent the enPorcement of the lien or iorfeiture of any part of the Propeny:or(c)secures from the holder of the lien an
<br /> • . . .`�"' ag�eement satisfactory to Lender subordinating the lien to this Security Instrument.IP Lender determines that any part of
<br /> � � � the Propeny is aubject to a lim which may attain priority over this Security Instrument. Lender may give Borroti::cr a
<br /> � notice identifying the lien, Borrower shall swtisfy the lien or take one or mort c�u aQu actions set Portb abave within 10 days
<br /> . of the giving oPnotice. �
<br /> ti, S. Hiz�rd Insuro�tce. Borrower shall keep the improvements now exis»ng or hereatter erected on the Property
<br /> •''.�?•• insured against loss by flre,hazards included within the term"extended coverpgt"and am¢��tt�er ha�rds for which Lender
<br /> ' ,: reyuires insurunce. This insurance shall be maintained in the amounts and f�r tht prn�ods�fiat Lender requires. The �
<br /> , insurance carrier providing the insurance shall be chosen by Borrower sub,�ct to L�tnde�'s approval which shall nW be � .
<br /> � +� , unreasoneblyw�thhelcD. '�'� `
<br /> � All insurance poGcies and renewals shall be acceptable to Lender a�:J shA11 ir�cluc3e a standard mortgage cl��se• ' •';'•'
<br /> , Lender shall have the right to hold the policies and renewals. lf Lender roquira,Horrowea sha11 promptly give to Lemr�2a ",;.,' ,
<br /> ' '••`�.• all receipls of paid premiums and renewal notices.In the event oP loss,Borrower shall gi�e�rompt notice to Ihe inwQanca � . � -�
<br /> . .'�`��y�`� camer and Lender.I..ender may make proof of loss if not made promptly by Borrower. • '
<br /> �,1 �;�.,�.. '� Unlas Lender and Bc�rrower otherwise agra in writing,insurance proceeds shall be applied to res�m�ation or repsir
<br /> . of the Property damaged,if the restora�ion or rcpair is economicslly feasible and Lender's secunty�s aot lessened.If the
<br /> ' " ' , ratoration or repair is not economically feasible or Lender's security would be lessened.afie insurance praeeds shall be
<br /> ,:- ' "" ' ' '.,,,•,. applied to the sums sccured by this Securiry Instrument,whEaher or not�hen due,with an}�txcess paid to Borrower.If ,
<br /> ' �..�.'±�.'', Borrower abandons the Propeny,or das not answer within �"�ys a notice from LendYC lhat the insurance carrier has ;�, •.
<br /> ' ' • �" '� -'�;::,� offered to setNe a claim,then Lender may collect t'�e insurance proceeds.Lender may use tQ�e Froceeds to repair or restore �
<br /> ;,<<, �� •'.11.�.,,;�.�
<br /> , -,.�y . .�;i; the Propeny or to pa� sums secured by this Secwriey Instrument,whether or not then due.The 30-day period will begin
<br /> , . ; ����.� ..; . '.t�:';',:; when the notice is gi��tm.
<br /> �''''� �'�;� 1�less Lender and Borrower o!'herwise agree�n writing,ar�.applicat ion of proceeds 7r srincipal shsll no�eatend or
<br /> ' ,� ,''i,,: : poslpcme 1he due dett uf Ihe mtstoClh9y�o}•ments referred to in a*avaga�phs I and 2 or chanFr n�amouot of the payments.If
<br /> � � . ' undec��rugraph 19 the Properr.�a,uoq��red by Lender.Borrow�ec'�nght�o any�nsurance�+c+lieies and proceeds raulting
<br /> .�I"�``�:' frorr��arnage to the D'cc+9erav Fnrv z.�rre acq�:�a:ca�.�rt shall pass to Lender to tAe extent of the sumssecured by th�s Secunty
<br /> ' ,�'•� � • �' Instrurnent immediae�e!;�^+�r�a�heacqu�sit�a n,
<br /> 'r�` . 6. Preserrati�and:N�iatenance ot�r Y• B Y
<br /> �,� ;;, nperty;Leafeholds. Bona+a�,hatf nadastro d�ma corsubstentiall
<br /> , ' • rinnge n�x Propeny, allow the PQa*�rriy to detenorate ur cammit waste. lf:h�s Sec:cnrtp nrcstruntent is on a leasehold,
<br /> '�� Borrerove�:�hall comply with the proa�s�ons of the lease,and if I�*nower acqu�res fee neGr es rt�r�roperty.the leasehold and
<br /> fee�nle shall not merge unless Lender agrees to�he merger m w nnng.
<br /> 7. Proteetbo of i..ender's Rights In the Property: �tong�ge I�araa�ce. If Borrowrr ta,ls to perform �he
<br /> -_'�'�
<br /> �...��....�...�..��......�..:..�.i:..�1.:.C�.•��..w Inc��.�nunt ns tF�rr�n�y Ieoal nrnritdct�o tFt�f!lllu VIIllIBC9I1fI\'3I�CCI
<br />" -� _ :'. . � w:u......�......�..�...�.....�.,........�.........._���..y _.._.._..'-'•'•" ..._._._ _ .�
<br /> � Lemdee's nghts in the Propeny(such as a proeeedmg m hzr+�cruptcy, probate, tor c��ndemnatton or ro enforce laws or
<br /> re�ufaeitns),then Lender may do and pay for whate�•er is necessiry to protect the valu�oPrlo4 Propeny ond Lender'�nghts
<br /> � ' in Ihe Propeny. Lender's acnons may mdude paying any wms secured b�a lien which hac pnont}�o�er th�s Secunty
<br /> I Instrument,appeanng m coun,paymg rcasonable attorneys'fees and entenng on the Propeny to ms�ke repa�n AlthuvRh
<br /> Lender may take act�on under this paragraph 7.Lender does not ha�e to do so.
<br /> � Any amuunts d�sbursed by Lcnder under this paragraph 7 3hall become rddwonal debt of Borrowrr uwured b� th��
<br /> � Secunty Instrument.Unless Borrower and Lender agrre to other terms of payment,thex amcums tihall bear m�ere+t from
<br /> � the date of disbursement at the Note rate and �hall be pa�able. w•uh mtemt, uFr�n nnhre fmm lx�drr ��� Ei��rmwer
<br /> requestin�payment.
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