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<br /> �,�..._-, 9.06931
<br /> U:�II�t�R�t Cu�•t ti.n�v I� H��rrv���cr nnd I.cndrrc���cnant and agrci u�f�,llu���.
<br /> 1. 1'���ment o!PrincipAl xod lote�esr,1'repA��mcnt Wnd I.ate CharRes. Borru�crr�hali rromptly pa}• «•hen due
<br /> �T►r princ�p:il c�!'and intcrc`I un the debt e�idcnccd h�•the Note nnd un� prcpayment and I.uc�hnrFe+due under the Note.
<br /> 2. I�unds tor'1'�xe9�nd Insur�►nce. SubJe�t t��ap�,it�ahic la��or to a«•r�►ten ti��a��cr 4+y Lemlrr,Burru�ver shali pay
<br /> to Lendcr an Ihr du�� m�nthly pnymen�ti arr clur u���irr ti�r�ote, uotil th� Natc i;paid in fei!!,a sum("Funds"?equal t��
<br /> � nne-tKe1Rh nf: (al ycurly taxes und ussessments «•htch may attain pnority n��er thec Sccurity Instrument: (b) yearly
<br /> leaschold pa�ments ur graund rents on the i'ro}�erty, �f an�; (c) yearly hazard insuranrc premiums; and (d) yearly
<br /> morigAge itt�arance prertniums,ef any.Thcse itemc are rulled"escraw items."Lender muy estimute the Funds due�m the
<br /> basis of current data a�id reasanable esti:nates of futurc escrow items.
<br /> The Funds shall be held in an institution the deposits ar accounts af«•hicl�nre in�uted or guaranteed ay a federal or
<br /> state agency(including I.ender if Lender is such an institution). Lender shall apply the Funds ta pay the escrow items.
<br /> Lender may not charge f�r holding and applying tht Funds,analyzing the uccount or veriPying the escrotY items,unless
<br /> I.ender pays Banower interest on the Tunds and applicable law permits Lende� ta make such a charge. Borrower and
<br /> Lender may agree in �vriting that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br /> requlres interest ta bc paid, Lender shall not be required to pay Barr�wer any interest or earnings on the Funds. Lender
<br /> shall give to Borrower,without charge,un 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 add�tional security for the sums secured by
<br /> this Security Instrument.
<br /> If the amount af'the Funds held by Lender.together with the future manthly payments of Funds payable prior ta
<br /> the due dates of the escraw items,shall exceed the amount required to pay the escrow items when due,the excess shall be,
<br /> " at Rorrower's option.either promptly repaid to Bo:-ower� .�creditc i t��Horrc ver on monthly payments of Funds.If the
<br /> smouru�i ti�e r uuJa i�c1�1 i,y Ix��uC, ��uv.��::ficicat.o p:.3 th�:seras:iisms n•h.n du.,Berro���er sha]i rRy tn i en�iPr any
<br /> amount necessary to make up the deftciency in one or more payments tts required by Lender.
<br /> Upon payment in full of all sums secured by this Security lnstrument, Lender shall promptly refund to Bonower
<br /> any Funds held by Lender.If under paragraph 19 the Property is sald or acquired by Lender,Lender shall apply,no later
<br /> than immediately prior to the sale af the Praperty or its acquisitian by Lender,any Funds held by Lender at the time of
<br /> application as a credit against the sums secured by this Securit�]nstrument.
<br /> 3. Application of Psyments. Unless applicable law p*ovides otherwise,all payments received by Lender under
<br /> paragraphs 1 and 2 sha0 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. Cfi�ss;Liens. Borrower shall pay all taxes,assessments,charges,fines and impositi�ns attributable to the
<br /> Property which may attain priority.over this Security Instrnment. and leasehold payments or ground rents. iP any.
<br /> $orrower shal)pay these obligations in the manner provided in paraa*a�h 2,ar if not paid in that manner,Borrower shall
<br /> pay them on time directly to the person owed payment.Borrawer shall promptly furnish to Lender all notices of amounts
<br /> to 6e paid under this pAragraph. If Bonower makes these payments directly,Borrower shall promptly furnish to I.ender
<br /> receipts evidencing the payments.
<br /> Borrower shali promptiy dischatgc arsy licn which has priority otier this S�curity lnstrument unlesa Borr�wer:(a)
<br /> agras in writing to the payment of the obligation secured by the lien in a manner acceptabte to iender;lbj cantests in gaoo }��_
<br /> faith the lien by.or defends against anforcement of the lien in,legal proceedings which in the Lender s opinion operate to , ,�; .
<br /> prevent the enforcement of the lien or forfeiture ot'any part of the Property;ar(e)secures from the holder of the lien an . .
<br /> ' agrcement satisfactory to Lender subordinating the lien to this Security Instrument.If Lender determines tha4 any pan of ��-�
<br /> the Property is subjcet 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 one or more of the aciions set forth above within 10 days
<br /> ofthe giving of notice. :
<br /> 5. Huwd Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property ��
<br /> insured against loss b��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 I,ender requires. The t
<br /> insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall noi be •
<br /> unreasonably withheld. '
<br /> All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause. ;
<br /> Lendet shall have the right to hold the policies and renewals.If ixnder requires, Borrower shall promptly give to Lender �
<br /> all receipts of paid premiums and renewal notices.In the event of'loss.Borrower shalt give prompt notice to the insurance �'��
<br /> camer and L.ender.l.ender may make proof of loss if not made promptly by Borrower. �e ,
<br /> Unless Lender and Borrower otherwise agree in writing,insurance proceeds 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 the �
<br /> restoration or repair is not economically feasible or Lender's security would be lessened,the insurance proceeds shall be
<br /> applied to ihe sums secured by this Security ]nstrument,whether or not then due, with any excess paid to Borrower. If �
<br /> Bonower abandons the Property,or does not answer within 30 days a notice from Lender that the insurance carrier has
<br /> olfered 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 wil)begin
<br /> whea the notice is given.
<br /> Unless Lender and Borrower otherwise agree in wnt�ng,any appiication of�receeds to principal shali not eatend or
<br /> postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of the payments.If
<br /> under paragraph 19 the Property is acquired by Lender.8orrower'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. Preservarion sind Maintenance of Property;Leaseholds. Borrower shaE3 not destroy,damage or substantially
<br />: change the Property, ailow the Property to deteriorate or commit waste. If this Security Instrument is on a leasehold.
<br />. Borrow�er 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 ot Lender's Rights in the Property: MortgaRe Insurance. If Borrow-er fails to perform tt�e
<br /> covenants and agreements contained in this Security Instrument,or there is a legat Fr��ceeding that may signefrcantly affect
<br /> Lendet s rights in the Propeny (such as a proeeeding in bankruptcy, probate. .°rr candemnation or to er.Force laws or
<br /> regulati�ns},then Lender may do and pay for whate�•er is necessary to protect the value of the Property and Lender's rights
<br /> , in the Peuperty. Lender's actions may incl��de paying any sums secured by a lien which hac pn�nty over ihis 5ecur�ty
<br /> � Ins�rument,appearing in caun,paying reasvnaMe attorneys'fees and entering on the Property t�make rcpair�.Although 7
<br /> L,�nder may take a�tion under this para$raph 7.Lender does not ha�•e to do so. �
<br /> Any amauntt disbursed by Lender under this paragraph 7�hall t�ecome add�t�anal debt of Rorrow•er�ecured hy this -�
<br /> Secunty Instrament. l,'iilecs Borrower and C ender agree t���ther term��f pa�•ment,the�e ami�unts shall he.+r�nterc�t fmm �.,
<br /> the date of d�shurycmcnt at thc Ni�te rate and �hall he �avable, w�ith intcre�t, u��m m�ttcc fr��m 1 rndrr t�� Anrri»�cr ����
<br /> reyuesung p:�y me��t
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