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<br /> UNIFURM CUVkNnN Tti Bar•tower An:i LeRder ca��enant an�l a�ree a.G,11�,��,. �9--- 10 6'�5�
<br /> 1. Payment of Princioal and Interesh, Prep�yment and I.�te ChnrRes. Horrow�er shull pmmptly pay ��•hen due
<br /> the�+rincir�l�Pnnd interrst nn the debt eE�idenc�d b}the Note and an�•prrpa>•ment and late charges due under the Note.
<br /> 2. Funds for Taxes and lnsurance. Subject ta applicable la�����r tv a��'rilten�caicer h}•Lender,�orro��•er shall pn�•
<br /> �^ to Lender on !he d�y manthly payments are due under the Nate, until Ihe Notc is paid in Full,a sum("Funds")equal tu
<br /> f one-tw•et�th ot': (u) }�early tuaes and ares.�ments �rhich may att�in priority orer thi� Sec�rity lnct�ument; (b) ycarly
<br /> leasehold pnyments or ground rents on the Property. if an��; (c) yearly hazard insurance premiums; and (d) yearly
<br /> marigage insurance premiums, if any. Thece items�re calleci"es:ro��itemc." Lender may estimate the Funds due c�n the
<br /> basis af cunent data and reasonable estimate�of future escraw items.
<br /> The Funds shall be held in an insti►ution the deposits or a:counts of which are insured or guaranteed by a Pederal or
<br /> state agency (including Lender if Lender is such an institutiun). Lender shall apply the fiunds ta pay the escro�v items.
<br /> Lender may nat eharge for holding and applying the Funds,analyzing the account or verii'ying the escrow items, unless
<br /> Ltndar pays Banower interest on the Funds and applicable law p�rmits Lender to make such a charge. Borrawer and
<br /> Lender may agree in writing that interest shall be paid on the Funds. U�less an agreement is made or applicable law
<br /> requires intere.et ta be paid, Lender shall not be required to pay Barrower any interest ar earnings on the Funds. Lender
<br /> shall give to Borrower,without charge.an annual accounting of the Funds showing credits and debits to the Funds and the
<br /> purpose for which each debit to the Funds was made.The Funds are pledged as additiona)security for the sums secured by
<br /> this Sccurity lnstrument.
<br /> IPthe amount af'the Funds held by Lender,together with the future monthly payments of Funds payable priar ta
<br /> the due dates of'the escrow items,shall eaceed the amount required to pay the escrow items when due.the exc�s shall be,
<br /> at Bonower's optian,either promptly repaid to Borrawer or credited to Honower on monthly payments of Funds. If the
<br /> amount af the Funds held by Lender is not sufFicient to pay the escrow items when due,Borrower shall pay to Lender any
<br /> amount necessary to make up the deflciency in one or more payments as required by Lender.
<br /> Upon payment in full of all sums secured by this Security Instrurnent, Lender sha3!promplly refund to Borrawer
<br /> any Funds held by Lender.If under paragraph 19 the Propeny is sold or acquired by Lender. Lender shall apply,no later
<br /> than immediately prior to the sale oi'the Property or its acquisitian by Lender,any Fund�held by Lender at the time of
<br /> application as a cr�dit against the sums secured by this Securit��lnstrument.
<br /> 3. Applicsition of Payments. Unless applicable law provides otherwise.all payments received by Ixnder under
<br /> paragraphs t and 2 shall be applied:first,to late charges due u�der the Note;second,ta prepayment charges due under the
<br /> Note;third,to amavnts payable under paragraph 2;fourth,to interest due;and last,to principal due.
<br /> • 4. Ci�uges;Liens. Bvrrawer shall pay all taxes.asse�.cments,charges.fines and impositions attributable to the
<br /> Property which may attain priority.over this Security Instrument, and leasehold payments ar ground rents. if any.
<br /> Borrower shall pay these obligations in the manner provided in paragraph 2,or if not paid in that manner.Borrower shall
<br /> pay them on time directly to the person owed payment.Horrower shall promptly fumish to Lender a11 notices of amaunts
<br /> to be paid under this paragraph. If Hanower makes these payments directly.Bonower shall promptly furnish to Lender
<br /> receipts evidencing the payments.�� L L
<br /> �ll�'.'.'Lf��^�j!!L'I*.lgt��L':SL�:i?tbp?I!,lIPP.Y!�!Itt!tilES�T!^*4t��Yp'r t!!1�CP!`II�tV Incin��nPnt��plPCC Anrr�wer:(al .-.-
<br /> agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in goal -
<br /> faith the lien by,or defends against enforcement 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 satisfactory to Lender subordinating the lien to this Security Instrument.If Lender determines that any part of ��
<br /> the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a :�
<br /> notice identifying the lien.Borrower shall satisfy the lien or take ane or more of the actions set forth above within 10 days .__
<br /> of the giving of notice. ;�
<br /> 5. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on ihe Property
<br /> insured against loss by fire,hazards included within the term"extended coverage"and any other hazards for which Lender �
<br /> reyuires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The �
<br /> insurance carrier providing the insurance shall be chosen hy Borrower subject to Lender's approval which shall not be i
<br /> unreasonably withheld. . .
<br /> All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br /> Lender shall have the right to hold the policies and renewals. If Lender requires,Borrower shall promptly give to Lender -`'
<br /> all receipts of paid premiums and renewal notices. In the event of loss. Borrower shall gi�e prompt notice to the insurance :;�
<br /> carrier and Lender.Lender may make proof of loss if not made promptly by Borrower. , .;
<br /> Unless Lender and Borrower otherwise agree in writing,insurance proceeds shall be applied ta restoration or repair •
<br /> of the Property damaged,if the restoration or repair is economically feasible and Lender's security is not lessened. If the
<br /> restoration or repair is not economically feasible or Lender's security would be lessened,the insurance proceeds shall be
<br /> applied to the sums secured by this Security Instrument, whether or not then due,with any eacess paid to Borrower. If
<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 Property or to pay sums secured by this 5ecurity Instrument,whether or not then due.The 30-day period will begin
<br /> when the nogice is given.
<br /> Unless Lender and Borrower otherwise agree in writing,any application of proceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amoant of the payments.lf
<br /> under paragraph 19 the Property is acquired by Lender,Borrower's right to any insurance policies and proceeds resulting
<br /> from damage to the Propeny prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security
<br /> Instrument immediately prior to the acquisition.
<br /> 6. Preservation and Maintenance of Praperty;Leaseholds. Borrower shall not destroy.damage or substantiaUy
<br /> change the Property. allow the Propetty to deteriorate or commit waste. If this Security Instrument is on a leasehold.
<br /> Borrower shal]comply with the provisions of the lea.ee,and if Borrnwer acquires fee title to the Property,the leasehold and ' - T -
<br /> fee title shall not merge unless Lender agrees to the merger in writing.
<br /> 7. Protection of Lender's Rights In the Property; :Nortgage Insurance. If' Borrower fails to perform the
<br />- covenants and agreements contained in this 5ecurity Instrument,or there is a legal proceeding that may significantl�affect
<br /> Lender's rights in the Propeny (such as a proceeding in bankruptcy, probate, for condemnation or to enfurce Caivs or
<br /> regulations),then Lender may do and pay for whatever is necessar}to protect the value of the E'roperty and H,ender's rights �
<br /> in the Property. L.ender's actians may inelude paying any sums secured by a lien which ha� pnority over thic Security v�"
<br /> { Instrument,appearing in court.paying reasonable attomeys'fee�and entenng�n the Pmperty t�make repairs. Although �,
<br /> �— ' Cxnder may take action undcr this paragraph 7,Lender does not have to do sn.
<br /> Any amounts d�sbursed by Lender under this para�raph 7 tihall bec�me addui�nal deht��f I3nrrc�HCr ticcured by th�s �
<br /> Secur�ty Instrument.Unlesc Horrc►wcr and Lender agree t�other tcrnn��f�aymcnt,thc�c amc�unr��h�+ll hrnr intcre�t frcim ���
<br />- the date uf dnbijrtiemrnt �t ti�r 'Vnte tat�� atid ,hall br rayab{e. �tiith it�tcre�l. up„n n�,l�cc f���m 1 rn�lrr t�� 13nrr��uer , �„ �
<br /> rcyuestuig paymcn� {�
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