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<br /> L3Nt�dRP.i Ci)YE;+IANTS Durruwer and Lendcr cuvens�nt s�nd agrae us i'ollaws: �"� �Q���o
<br /> � � i. Payment ot PrleriFa!ar.�lntrr;,,t;°r.pa;;n�et a-d dase Chasg�. Hor�o�+�er�hall pramptly pay�}hen due
<br /> the priaeipa{of and interest an thc debt evidcnced by thr Notc and�ny prepayment and lute charges due unde�the Note.
<br /> 2. Fands for Tayca u�d ln�turu�ee. Sub�ect to applicable Iaw or�o a written wa�ver by Lender,Borrawer shall pay
<br /> to 4ender an the day monthly payments aro due under the Note. until the Nate is paid in full, a sum("Funds")equat ta
<br /> one-twdfth af (s�yearly ta�ces and assessmems which may attain priority over this Security Instrume�t; (b) yearly
<br /> la�sehold payments or ground rents an the Property, iP any; (c) yearly hazard insurance premiums; and (d) yearly
<br /> mortgagr insurance premiums,iP any.These items are called"esc�ow items." Lender may estimate the Funds due on�he
<br /> buis oPcuttent dau and reasonAble atimates of future escrow items.
<br /> 'I'he Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a Pederal or
<br /> sute sgency (including Lender if Lender is such an institution). l.ender shall apply the Funds to pay the escrow items.
<br /> Lender m�y not charge for holding and applying the Funds.analyzing the accaunt or verifying the acrow items,unless
<br /> Lender pays Borrower�nterest on the Funds and applicable law permits lxnder to make such a charge. Borrower and
<br /> l.ender may agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br /> requires interest to be paid,I.ender shall not be required to pay Bonower any interest or earnings on the Funds. Lender
<br /> sh�tll give to Borrower,without charge,an annual accoanting of the�runds showing credits and debits to the fiunds and the
<br /> p��rpese for wtiich each debit to the Funds was made.The Fnnds are pledged as additional security for the sums secured by
<br /> thu Socwity lnstrume,�t.
<br /> If the amount of the Funds held by Lender,together with the future monthly payments of Fun�s payable prior to
<br /> � the due datcs of the escrow items.shall exseed the amount required to pay the escrow items when due,the excas shall be.
<br /> at Borrower's option,either promptly repaid to Horrower nr credited to Borrower on monthly payments of Funds.lf the
<br /> amount of 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 deficiency in one or more payments as reyuired by Lender.
<br /> Upon payment in full of all sums secured by this Security Instrument, Lender shal!promptly rePund to Bonower
<br /> any Funda held by Lender.If under paragraph 19 the Praperty is sold or acquired by Lender,Lender shall apply,no later
<br /> than immediately prior to the sale o1'the Property or its acquisition by Lender.any Funds held by Lender at the time of
<br /> applicstion as a crodit against the sums secured by this Security Iastrument.
<br /> 3. Appl�catlon ot Psymeab. Unless applicable law provides otherwise,all payments reccived by Lender under
<br /> puagnphs 1 and 2 shall be applied:first.to late charges due under the Note;second,to prepayment charges due under the
<br /> Noir,third,to amounts payable under puagraph 2;fourth,to interest due;and last,to principal due.
<br /> 4. C�arger Liem. Borrower shall pay all taxes,assessments,charges,fines and impositions attributable to the
<br /> Property which may attain priority,aver this Security Instrnment, and leasehold payments or ground rents, if any.
<br /> HorroNer shall pay these obIigations in the manner provided in paragraph 2,or if not paid in that manner,Bonower shall
<br /> psy them on time dircctly to the person owod payment.Borrower shal)promptly furnish to Lender all notices of amounts ;
<br /> Yv`vc u'iuiu'a ini5 ra n. ii auriuwcr riisjita intar mcnie uiiix:'sZ auiiowci�nujS i�u`�-il`,uiniSi�iv Leiiuci -
<br /> P� Y+� �P P�+y Y, P P Y
<br /> reoeipts evidenciag the paymenu.
<br /> Bonower shall promptly discharge any lien which has priority over this Security lnstrument nnless Barrower:(a)
<br /> agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to l,ender;(b)contests in gaod
<br /> faith the lirn by,or d�fends against enforcement of'the lien in,legal proceedings which in the Lender's opinion operate to _
<br /> pnvent the rnforcement of the lien or forfeiture of any part of the Property;or(c)secures from the hoider of the lien an • -
<br /> agreemtnt satisfactory to Lender subordinating the lien to this Security Instrument.If Lender determines that any Part of �i �--
<br /> the Property is subject to a lim which may attain priority over this Security lnstrument, Lender may give Bo�trower a
<br /> notia identifying the lien.Borrower shall satisfy the lien or tak�one or more of the actions set forth above within 10 days 'i—
<br /> of the giving of notice. :�
<br /> 5. Hazard Iasurance. Borrower shall kcep the improvements now existing or hereafter erected on the Property
<br /> insurod against loss by fire,hazards included within the term"extendod coverege"and any other hazards for which Lender ; ;
<br /> requires insurance. This insurance shall be maintainod in the amounts and for the periods that Lender requires. The • -
<br /> insurance carrier providing the insurance shall be chosen by Borrower subjxt to Lender's approval which shaji not be •
<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 a�.e�renewals.If I.ender requires,Borrower shall promptly give to Lender "
<br /> all reaipts of paid premiums and renewal notices. In the event of loss,Borrower shall give prompt notice to the insurance
<br /> carrier and Lender.I,ender may make proof of loss if not made promptly by Horrower. ,
<br /> Unless Lender and Borrower otherwise agree in writing,insurance proceeds shal)be applied to 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 nat a;onomically feasible or Lender's security woutd 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 /> HorroNer abandons the Property,or does not answer within 30 days a notia from Lender that the insurance carrier has
<br /> oBs�red to settlt�claim.thtn Lrnder may collect the insuranct procet�ls.Lender may use the procads to repair or restosr
<br /> the Property or to pay sums secured by this Security Instrument, whether or not then duc.The 30-day period will begin
<br /> ahen the notice is givcn.
<br /> �. Unless I.ender and Bonower otherwise agra in writing.any application of'proceods to principal shall not eatend 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 Property is acquired by Lender,Horrower's right to any insurance policies and proceeds resulting
<br /> from damage to the Property prior to the acquisitron shall pass to I.ender to the eatent of the sums secured by this Security
<br /> � Instrument immediately prior to the acquisition. �=_ __--
<br /> 6. Praensdon and Mdntenance ot Propee�;Leaseholdc. Sorrower shall not destroy,damage or substantially
<br /> � change the Property.allow the Property to detoriorate or commit waste. lf this Security Instrument is on a lsasehold.
<br /> Borrower shall comply with the provisions of the lease.and if Borrower acquires fee title to the Propeny,the leasehold and •
<br /> fa title shall not merge unless Lender agrees to the merger in writing. �
<br /> 7. Prottction ot I.ende�'s Rigbta in the Property; Mortgage lnsurance. If Borrower fails to perfonn the
<br /> eovenants and agreements contained in this Security Instrument,or there�s a legal proceeding that may significantly affect �y
<br /> � Lender's rights in the Property (such as a proceeding in bankruptcy. probate, for condemnation or to enfarce laws ar �'r
<br /> regulations).then Lender may do and pay for whatever is rsecessary to protect the value of the Propeny and Lend�r's rights
<br /> �; in tht Property. l.ender's actions may include paying any sums secured by a l�en whuh has pr�on�y over this Security d�
<br /> __- Instrument.appeanng in coun,paying reasonable attorneys'fees and entenng on the Properry to make repa�n. Aithaugh ��
<br /> kt Lender m�y take action under th�s paragraph 7,l.ender docs nat have to do so ��
<br /> �lny amounts dtsbursed by Lender under this paragraph 7 shall become addit�onal debt of Hnrr�wer�rcured by rhis t-
<br /> ��' Securtly Instrument Untess$ort�>u�er and Lender agree to other terms of�ayment,thrce amount�tihall hear�nterc�t from "
<br /> i�f;: tAe date ui d�sbursrment at the Note ratc arsd �hall be payable, with inerre��. upon nou�e R��rn 1 cnder t�� H��rr�wer
<br /> ►��vE� �a�utsnng paymen�
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