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<br /> UNIF�)RR1 C(1�'t?N.�vts Horrower iind Lcndrr c���•�nu�u i�nd agrcc a�fi,Ur��ti�
<br /> 89-- 106�q0
<br /> 1. pnymcnt ut Pric►cipal and lntenst;Prep�yment and l.atc Cha�Res. i3arm���er�haU prumptl>' pay wh�n duc
<br /> the prin�i�al of and intcrest on the debt evidenccd by thc Notc and any prcpay'ment and lpte chargcs due under Ihe Nute.
<br /> 2. Funds for Taxes and lnsurAnee. Subject to upplicuble la«•ur tu a w�ritt�n�aiver b�•Lender,Borrowcr Shall ra�•
<br /> to Lender on the day monthly payments are due unJer�he Notc,until thc Note is paid in full,�:cum("Funds"1 equal to
<br /> � ane•twelflh of: (a) yearly taxes and asscssments �vhich may attain �sriority a.•er ehis Securitti• Instrumenr (b) vearly
<br /> leasehald payments or groun�i �cnts on the Property, if any; tc) yearly hazard insurance premiums; and (d) }early
<br /> mortgage insurance premiums,iP any.These items are cAll�d"escrow items."l.ender may estimate the Funds due on the
<br /> basis of current data and reasanablc estims�tes of future escrow itemc.
<br /> The Funds shall be held in�n institution the deposits or accounts of�vhich are insurcd or guurAnteed by a federal or
<br /> state agency (including Lender if Lender is such an institutian). Lender shall apply the Funds ta pay the escrow items.
<br /> Lender may not charge for holding and applying the Funds,analyzing the account ar��erifying the escrow items, unless
<br /> Lender pays Rarrower interest on the Funds and applicable law permits Lender ta make such a chArge. Banower and
<br /> Lender 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,Lender shall not be required to pay Bonawer any interest or earnings on the Funds. Lender
<br /> shall give ta Borrower,w�thout charge,an annual accountin�af the Funds showing credits und debits to the Funds and the
<br /> . purpose for which each debit to the Funds was made.The Funds are pledged as additional security for the sums secured by
<br /> this Security lnstrument.
<br /> If the amount af the Funds held by Lender,together with the future monthly payments of�unds payable prior to
<br /> the due dates of the escrow items,shall exceed the amount required to pay the escrow iteans when due,the exeess shAll be,
<br /> at Borrower's option,either promptly repaid to Borrower or credited to Harrower on monthly payments o1'Funds. If the
<br /> amount of'the Funds held by Lender is not sufficient to pay the escrow items when due,Borrower shall pay ta Lender any
<br /> amount necessary to make up the de8ciency in one or more payments as required hy Lender.
<br /> ; Upon payment in full of all sums secured by�this Security lnstrument.Lender shall promptly��efund to Borrawer
<br /> any Funds held by L.ender.lf unaer paragraph 19 the Property is sold or acquired by Lender,Lender shall apply,no later
<br /> than immediately prior to the sale of the Propeny or its acqu�sition by Lender,any Funds held by Lender at the time of
<br /> application as a credit against the sums secured by this Security Instrument.
<br /> 3. Applicatloa of Payments. Unless applicable law p*ovides otherw-ise.all payments receivad by Lender under
<br /> paragraphs 1 and 2 shaU be applied:first.to late charges due under the Note;second.to prepayment charges due under the
<br /> Note;third.to amounts payable under paragraph 2;founh,to interest due;and last,to princ�pal due.
<br /> 4. Glutrges;Liens. Borrower shall pay all taxes,assessrnents,charges. flnes an�impositions attributable to the
<br /> Property which may attain priority.over this Security lnstrument, and leasehold payments or ground rents, if any.
<br /> Borrower shall pay these obligations in the maaner provided in paragraph 2,or if nat paid in that manner.Borrower shall ,
<br /> pay them on time directly to the person owed payment.Borrower shall promptly furnish to Lender all notices of amounts
<br /> to be paid under this paragraph. 1P Borrower makes these payments directly, Borrower shall promptly furnish to Lender
<br /> receipts evidencing the paymentc. .
<br /> _ ������� ����j��������sc��gsoo�n�l�Pn.�rhich hae�riarity over this Secunty Instrument unless Borrower:(a)
<br /> agrees in writing to the payment of'the obligation secured by the lien in a manner acceptable to Lender;(b)contests in goocl �
<br /> faith the lien by.or defends against enforcement of the lien in.legal proceedings which in the Lender's opinion opzrate to ,
<br /> prevent the enforcement af the lien or forfe�ture of any part of the Property;ar(c)secures Prom the holder of'the lien an
<br /> agrament satisfactory to Lender subordinating the lien to this Security lastrument. If Lender determines that any pan af
<br /> the Property is subject to a lien which may attain priority over this Security Instrument. Lender may gcve Borrower a ___
<br /> notice identifying the lien.Borrower shall satisfy the lien or take one vr more of the actions set forth above within 10 days ___
<br /> of the giving of notice. �
<br /> � S. Hazard In�urau►ce. Borrower shall keep the improvements now existing or hereafter erected on the 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 by Borrower subject to Lender's approval which sha11 not be
<br /> unreasonably withheld. , .
<br /> All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause. r :Q ,
<br /> Lender sha11 have the right to hold the policies and renewals.1P Lender requires,Borrower shall promptly give to Lender ;_�,
<br /> all receipts of paid premiums and renewal notices.In the event of loss,Borrower shall give prompt notice to the insurance
<br /> � carrier and Lender.Lender may make praof of loss if not made promptly by Borrower. . ;�
<br /> Unless Lender and Borrower otherwise agree in writing,�nsurance praceeds shall 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 ihe
<br /> restoration or repair is not economically feasible or Lender's security would be lesserted,the insurance proceeds shall be
<br /> applied to the sums secured by this Security Instrument,whether or not then due. with any excess paid to Borrower. If
<br /> Bonower abandons the Property,or does not answer within 3Q days a notice Prom 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 Security Instrument,whether or not then due.The 30•day period will begin
<br /> wl►en t2tc ssotice 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 amount of the payments.If
<br /> under paragraph 19 the Property is acquited by Lender,Borrower's right to any insurance policies and proceeds resulting
<br /> from damage to the Property 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. Preaervat[on and Malntenance of Property;Leaseholds. Borrower shall not destroy,damage or substantially
<br /> ehange the Propeny, allow the Property to deteriorate or commit waste. If this Security Instrument is on a leasehold.
<br /> Borrower shall comply with the provisions ot'the lease.and if Horrower aequires fee title to the Property,the leasehold and , ___T__
<br /> fee title s1�a11 not merge unless l.ender agrees to the merger in writing. �
<br /> 7. Protection of Lender's Rights in the Property; 3'tortgage I�surance. lf Borrower fails to perf'orm thc
<br /> covenants and agreements contained in this Security Instrument.nr there is a legal proceeding that may significantly affect
<br /> Lender's rights in the Property(such as a praceeding in bankruptcy. �robate, for condemnation or to enforce laws or
<br /> regulations),then LenCer may do and pay for whatever is necessary to p�otect the value of the PrQ�erty and Lender's rights
<br /> in the Property. Lender's actions may mclude paying any sums secured by a lien which has pro:ity oaer this Secur�ty
<br /> Instrument,appearing in court,paymg reasunable attorne��s'fee5 and entering on the Property to make repairs.Although �
<br /> � l.ender may take action under this para�raph 7.Lender does not have to do so. �
<br /> Any amounts disbursed by Lender under th�s paragraph 7 shall hecome add�itonal deM c�f Rorrawer�ecured by this �
<br /> 5ecunty Instrument.Unless I3�rrower and Lender agrec to osher term�uf payment,the�e am�untti�hall hear mtcre�t fmm r..�
<br /> the date nf disbursement at thc ti�,te ratr aud tihall he {��iy�ahlc. uith ir�tere�t, upnn nntirc fr��m i rndrr tn H��rrnwer ���
<br /> reyuc�sting paymen� r
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