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<br /> j���-� 1469�5
<br /> UNIPORM Cot'ERIANTS Qorrower and I.ender covene�u end Agree a�follows:
<br /> 1. P�yment of Principal and Interat;Prepsyment snd I.ate Charges. Bnrrawer shall promptly pa�• ��hcn due
<br /> thr�Srincipal of nnd interest�n the debt evidenced by the Nate und nny prrpeyment�nd late cha`Fes due under t he Note.
<br /> 2. Funds fo�Tqxea aed Insurance. Subject to applicable law•or t��a wntten wa��cr hy Lendrr,Horro��•cr shall pay
<br /> � io Lrndrr an the day monthly payments are due undcr the Nate,until the Note is paid in Puli,A sum("Fund�'1 equal ta �
<br /> ane-tu�elt�h of: (a) yearly taxes and as.cessmtnts which may attain priority over this 5ecurity In�trumrnt; (b) ycarty
<br /> ltasehold payments or ground «nts on the Prop��rty, if any; (c) yearly hazard insurance pren�ium�; and td) yearly
<br /> mortgage insurance prGmiums,if any.Thcse items are called"escrow itcros." Lender mpy ectimate the Fundti due on the
<br /> basis af currcnt data and reasonable estimates of fuwre e�crow items.
<br /> The Funds shall be held in an institution the deposits ur accounts of which are insured or guaranteed by n federal or
<br /> state agency(irtcluding Lender if Lender is such an institution). Lender shall apply the Funds to pay �he escrow items.
<br /> Lender may not charge tor holding and applying the Funds,analyzing the accaunt or verifying the escrow items,unless
<br /> I.ender pays Bonower interest on the Funds and applicable law permits Lender to make such a charge Borrowrr and
<br /> Len�er rnay agree in �vriting that interest shall 6e paid on the Funds. Unless an Agreement is made or applicablc law
<br /> requires interest to be paid,Lender shall not be required to pay Barrawer any interest or earnings on the Funds. Lender
<br /> shall give to Barrower.without charge,an annual accounting of the fiunds 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 additianal security far the sums secured by
<br /> this Security Instrument.
<br /> lf the amount of'the Funds hetd by Le�ider.together w�th the future manthly payments of Funds payable prior to
<br /> the due dates of the escrow items,shall exceed the amount required to pay the escrow items when due,the excess shAl)bc,
<br /> at Borrower's option,either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If'the
<br /> :.::3��:�::,f:;�c:a��.i�hct.S Ly IxuJ�� ia�wi au�icic�u w pay�ne escrow items�vhen due, tsorrower snall pay to l.ender any
<br /> amount necessary to make up the deficiency in one or more payments as required by Lender.
<br /> - Upon payment in full of all sums secured by this Security Instrument. Lender shall promptly refund to Borrower
<br /> i any Funds held 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 ar its acquisition 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. ApplieAtion of Payments. Unless applicable law provides atherwise, all payments received by Lender under
<br /> paragraphs 1 and 2 shall 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;fourth,to interest due;and last,to principal due.
<br /> 4. Charges;Liens. Borrower shall pay all taxes,assessments,charges,fines and impositions attcibutable to the ..
<br /> Property which may attain priority over this Security Instrument. and leasehald payments or ground rents, if any. � ��
<br />: Borrower shall pay these obligations i�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. Borrower shall promptly furnish to Lender all noiices of amounts
<br /> to be paid under this paragraph. If Borrower makes these payments directly, Horrower shall promptly furnish to Lender ' �
<br /> receiptsevidencingthepaymrnts. ; ��,,
<br /> . Hc�rrower shall prc+mptly discharge sny lien whi:h has priority over this 5rcuritv Instrument unless Bnrrower:tal ;�`�'�''
<br /> : agrees in wnting to the payment of the obligation secnred by the lien in a manner acceptable ta Lender;(b)contests in good =
<br /> • faith the lien by.or defends against enforcement os 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 ftom the holder of the lien an -
<br /> agreement satisfactory to l.ender subordinating the lien to this Security Instrument.lf'Lender determines that any pan of -_�
<br /> the Propeny is subject to a lien which may attain priority over this Security instrument, Lender may give Borrower a
<br /> notice identifyin�the lien. Bonower shall satisfy;he lien or take one or more of the actions set forth above within 10 da�s —
<br /> of the giving of notice. •
<br /> 5. Hazard Insursnce. Bc�rrower shall keep the improvcments now existing or hereafter erected on the Propeny
<br /> insured against loss by fire.hazards included within the term••extended coverage"and any other hazards for which Lender
<br /> • requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The
<br /> insurance carrier prociding the insurance shall be chosen by Borrower subject to Lender's approval which shall not be >.
<br /> unreasonably withhetd. t
<br /> All insurance policies and renewals shall be acceptable co 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 noiices. In the event of loss,Borrower shall give prompt notice to the insurance ,:�
<br /> carrier and Lender.Leader may make proof of loss if not made promptly by Borrower. �•,s��
<br /> Unless Lender and Borrower otherwise agree in writing,insurance proceeds shall be applied to restoration or repuir ''��� '
<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 excess paid to Borrower. If �
<br /> Borrower abandons the Property,or dots not answer within 30 days a notice from Lender that the insurance carrier has
<br /> oSeted to settte 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 /> when the notice is given.
<br /> � Untea�l,ender and Borrower otherwise agree in Kriting,any application of proceeds to principal shall nat 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 t9 the Property is acquired by L.ender.Borrower's right to any insurance policies and proceeds resulting
<br /> fram 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. Preservation and�+Iaintenance of Property;Leaseholds. Borrower shall not destroy,damage or substantially
<br /> change the Property, allow the Propeny to deteriorate or commit waste. If this Serurity Instrument is an a leasehold. ---.- _-_
<br /> . Borr�wer shall comply with the provisions of'the lease,and if Borrower acquires fee title to the Property,the leasehold and � �
<br /> fee title shall not merge unless Lender agrees to the merger in writing.
<br /> 7. Protection of L,ender's Rights in the Property; 4lort�;age Insurance. If Borrnwer fails to perform the �
<br /> covenants and agreements contained in this Security[nstrument,or there is a legal proreeding that may significantly affect �
<br /> l.ender's nghts in the Praperty (such as a proeeeding in bankruptcy. probate, for condemnation or ta enforce laws c,r
<br /> regulations),then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's right� �
<br /> in the Property. Lender's actions may include paying any cums secured by a lien which hs�prior�ty o�•er this 5crurity
<br /> � lnstrument,ap}9earing in court,paying reasonable attorneys'fees and entenng on the f'r�peny tn make repairti. Althnu�h �
<br /> Lender may take achon under th�5 paragraph 7,Lender does not hati�e to do so.
<br /> Any amounts di�bursed by l.ender under this paragraph 7 Shall beccimc additional deht��f Harmwer tircured h} thiti h�
<br />:. Seeunty lnstrumcnt.Unle�s�orr��wer and Lender agrec tc.other trrm���f pay mem.thc�c anu�unt,�hall hear intere�t frnrn ���
<br /> the d.�te nf d��burticrrient at thc 'Votc rate and �hall bc ��yan��, w�th intetetit, u���n ne�ti.c fn�rn t•.endcr t�� I1nf�nNCT _r,
<br /> requcti�m�paymcnt
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