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<br /> ' ' UNIFORM COYENAN7S. BOTtOWlf and 4rnder covenant and �ra as foltow�:
<br /> 1. hy�c�l of PA�eIMI ��d I�tered; lnNy��1 ��d Late Clane�. Bonower shall promptly pay when due the
<br /> i pdncipal of �nd interest on the deht evidenced by the Nate aad Any prepsyment and tate chuse� due under tNe Note.
<br /> � 3. FtiN�tor Tua��d Uwn�ce. Subject to opplic�bis law�r to �wNtten wa9ver by Lender, Bonower sh�ll pay to
<br /> iLender on the day montAly payments ue due under the Note. until the Note is paid in fuU. a sum ("Funds")equal to ona-
<br /> twel�h of: (�) yearly taxa and �sseuments whlch may attain priority over this Security Instrument; (b) yeuly leasehold
<br /> � paymeata or�raund rents on the Property. if any; (c)yeuly hazud inswance premiuma; and (d) ywrfy mort�e inawance
<br /> ; premluma. if any. These itenu ue called "escrow items." Lender may estimate the Funds due on the basis of current duta
<br /> � and �asonable estimatp of future exrow itema.
<br /> I The Fund�ahsll be held in an institutio� the deposit�or accounte of which are insured or �uuanteed by a federa! or
<br /> � stato t�ency (Includin�l.ender if Lender is such an institution). Lender shall apply the Funds to pay the escrow item�. Lender
<br /> . may not chu�e for holding and applying the Funds, analy�ing the acconnt or verifying the escrow items, unless Lender pays
<br /> Borrower fnterest on the Funds and applicable law permits Lender to malce�uch a charge. Borrower and Lender may agree in
<br /> writing that interest shall be pald on the Funds. Unleu an agreement i�made or appllcable 1aw requlres interest to be paid,
<br /> � Lender shall not be required to pay Borrower any interest or earnings on the Funde. Lender shall give to Bonower, without
<br /> ' chauge. an annual accou�tinR of the Furtds showin�t credits and debits to the Funds and the purpose for which each debit to
<br /> the Funds w�u made. The Funds are pledged as addiNonal security for the sums secured by th9s Sesurity Instrument.
<br /> lf the unount of the Funds held by Lender, together with the future monthly payments of Funds payable prior Qo the
<br /> due dates of the escrow items� shall exceed the amount required to pay the escrow items when due. the excess shall be, at
<br /> Borrower's option, oither promptiy repaid to Bunower or credited on monthly payments of Funds. lf the amount of the
<br /> Funds held by Londer is not suff�clent to pay the escrow items when due. Bonower shall pay to Lender any amount
<br /> necessary to make up the deficiency ln one or more payments as required bv Lender.
<br /> Upon payment in full of all sums secured by this Security Instrament. Lender shall promptly refund to Borrower any
<br /> Funds held by Lender. If undcr paragraph 19 the Property Is sotd or acquired by Lender, Lender shall apply, no 1Ater than
<br /> � immediately priar to the satt of the Property or its acqu9sition by Lender. any Funds held by Lender at thc time of
<br /> application as a credit against the sums secured by this Security Instrument.
<br /> 3. Applkatloe o! Prymeets. Unleu applIcable law provides otherwise, all payments reccived by Lender nnder
<br /> paragraphs 1 �nd 2 shall be applied: first, to late charges due under thc Note; second, to prepayment charges due uader the �
<br /> Note: third. to amounts payable undet paragraph 2; founh, to interest due; and last. to principal due. ,
<br /> I �. Cd�r�es; I�ee�. Bonower shall pay all taxes. assessmenis, charg�s, flnes and impositions attrlbutable to the
<br /> � Property which may attain priority over this Security instrument, and leasehold payments or ground rents, if any. Borrower :
<br /> shall nay thete ol�liaatinnc in t}��mann�r nrt►vj�i�d in naraooran}� �; �r if p�t�aZ�l jn that mann��; Rnrrnw�r ehall nav th�m nn �
<br /> +� lime directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts to be paid under � ° �
<br /> this paragaph. If Bonower makes these payments directly, Bonower shall promptly furnish to Lender receipts evidencing the
<br /> � payments.
<br /> Borrower shal! promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)agrees �
<br /> � in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender: (b)contests in good faith ;
<br /> the licn by. or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent ;�
<br /> the enforcement of the lien of forfeiture of any part of the Propetty; or(c)secures from the holder of the lien an agreetnent �
<br /> satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of the Property 9s {.
<br /> subject to a lien which may attain prior�ty over this Security instrument, Lender may give Borrower a notice identifying the I �
<br /> lien. Honower shatl satisfy the lien or take one or more of the actions set forth above with6n 10 days of the giving of notice. j ?
<br /> • 4 S. flwN In�ra�ce. Borrowtr shall kap the improvements now exlsting ar hereafter erected on the Property insured '
<br /> a�sinst lou by fire. huuds included within the term "extended coverage" and any other hazards for which Lender requires I {,.:
<br /> iasurance. This insurance shall be maintained in the amounts and for the period� ehat Lender requires. The insurana cazrIer I � �
<br /> providing the insurmce shall be chosen by Borrower subjcct to Lender's approval which shall not be unreasonably withhetd. � ''�
<br /> f All insurance policies and renewais shall be acceptable to Lender and shall include a standard mortgage clause. Lender I
<br /> � shall ha�e the right to hold the policia and renewals. lf Lender requires, Borrower shap promptly give to l,ender all receipts ;'.� .
<br /> of paid premiums and renewal notices. ln the event of loss. Borrower shall give prompt notice to the insurance carrier and
<br /> Lender. Lender may make proof of loss if not made promptly by Horrower.
<br /> Unless Lender and Borrower otherwise agree in writing, insurance proceeQs shall be applied to restoration or repair of �
<br /> the Property damaiged, if the restorstion ar repair is economically feasible and Lender's security is not lessened. If the �
<br /> � restoration or rep�ir ts not economically feasible or Lender's security would be lessened, the insurance proceeds shall be
<br /> applied to the sum secured by this Security Instrument, whether or not then due, with any eacess paid to Bonower. lf i
<br /> Borrower abandons the Propeny. or does not answtr within 30 days a notice from Lender that the insurance carrier has
<br /> ; offered to seule a clum. thtss l,ender may cotlect the insuranee proeeeds. 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 wi11 begin when
<br /> the notice is given.
<br /> 4 Unless Lender an�i Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br /> . postpone the due date of the manthly 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, Borrower's right to any insurance poiicies 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. Prcxrv�Uon and Mdntenaece ot ProPeKy: Leisr6old�. Borrower shall not destroy, damage or substantially change %'--___ _
<br /> the Pro�erty, allow thr Propeny to deteriorate or commit waste. lf this Security (nstrument is on a Icasehold. Borrower shall '
<br /> comply with the provisions of the Iease, and if Borrower acquires fee title to the Property, the leasehold and fee title shall not
<br /> mergt untess Lender agrees to thr merger in writing.
<br /> , 7. Protectloe oi Le�der'� W�hq le the Pmperty; Morfgage Iesunnce. If Borrower fails to perfocm the covenants and
<br /> agreements contained in this Security Iqsltument. or there is a legal proceeding that may significantly affect Lender's rights in �
<br /> the Propeny (such as a proceeding in baokruptcy. probate, for condemnation or to enforce laws or regulations), then Lender p
<br /> _ � msy do and pay for whatever is nec�ssary to protect the value of the E'roperty and L.ender's rights in the Property. Lender's '
<br /> — actions may inelude paying any sums srcured by a lien which has priority over this 5ecurity lnstrument, appearing in court, ���
<br /> paying reasonable attotncy's fees and entering on the Property to make repairs. Although I.endtr may teke nction under this `�'
<br /> paragrapb 7 Ltnder does not have lo do so. Any amwntr. disbursed by Lcn�fer under this parag�aph 7 shall berome �
<br /> --___ additior�al debt uf fiurruwer tiecured by this Securiry Insvument. Unless Horrower and t.ender agree to other terms of �115�
<br />____ payment, thege umounts shaU bear mterest from the datc of dabursemcnt at �he Nr,tc rat� and �hall he pa�ablc, µith inlerect, e
<br />'�"=��I�' upon notac� fram Lender to Hotruwer requetlm�r navme+u -
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