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<br /> i��. UNIPOtUIODVBNAN'I!� 80�f+D�Yet�tldL�OQderCOMlflftltaud�f00YfolbWi:
<br /> 1 tti,►wwt of PrUei/a!�/I�br�Mi Pn/�f��L�� HorroMU thall promptlY P�Y Nl�en due
<br /> ��el nt and ute ch�r a due under the Nato.
<br /> :-:;�.,� tb�princip+l du�d inta+at on�ha debt evidmoed b!►tbe Note aad wnY P�l� Q
<br /> -------, 2 F�tar Tu�s nii l�wra�. Sub)ect to�ppUcabk law or to a wdtten w�ivu by Lander�Borrower shdl pY
<br /> ,� '; W LRnder oa the day monthlY WYmenu iue due under tMe Note,untii the ti1iote is paid i��Nib�aum("Punda")ctrva!to � -
<br /> cec.twelRb ol: (a) yarly t�xa and we�manu which u�ay�ttain priority over this Security In:trummt;(b)yearly
<br /> ;4 I a u h o W p�y m e n t s o r a r o u n d n n t s o n t h e P r o p eri y. if an Y� (e) Yar�Y tiwrd insunnce premiums� and (d)Yarly —
<br /> - w r, ;'• wort�e inwrance premium�,iP�ny.Thae item�ue called"acrow itena."Lender may atirtute the Funds dua on the �--
<br /> .�� b�sii of current data�nd rcasonabl�admata oif�tun acrow items.
<br /> :�.;.� 'fhe Fundc�hall be held in aa inatitution the deposib or ucountt of which are lnaured or Quaranteed by r fedecal or c__
<br /> _ '-�,��� �u�Qency(includin�Lenda if Lend�r i��uch an institution).Lender�ha11 apply the Fund�lo pay the acrow items.
<br /> ��. . - Lender tn�y not aha�e for holdia�and applyin�the Fund�►uia�Yz�na the�ccou�t or verifyinQ the acrow items,unless __
<br /> _-�. i L,ender p��n Borrowu interat on t6e Fund�and spplic�blc law permits Lender to m�ke wch�ch�rge Borrower�nd �
<br /> -_--`'����. Lender may�a in writing that interat thall be p�id on the Funds. Unlas�n a�reemmt ia mnde or appNcabk I�w —
<br />"�� � ^�• •:°` requircs interat to be paid.Lender abdl not be requ ir e d to pRy B orrow e r a n y i n t e r e s t o r a rn i n g s o n t h e F u n d s.L e nder �''==_-_--
<br /> d�'`�`�:"�!° � �h�l1 give to Bonoaer.without chuge,�n annual accounting of the Funds thowinQ credits and debits to the Funds md the _
<br />���'�"`-�!��""'""n`' purpose for which each debit to tho Fundi was mde.'fhe Fur�ds uo pledQed as Additional�ecutity for the sntns secured by � ____
<br /> �'�� ' this Security Instrument.
<br /> � If the wnount of'the Funds held by Lrnder.together with the Puture monthly paymrnts of Funds psyable prior to
<br /> ' the due dates oP the escroa items.shsll exceed the ernount required to pay the escrow items when due,the exceu shall be,
<br /> w±� . " �t Horrower's option.either promptly repaid to Bormwer or credited to Borrower on monthly p�yments oP Funds.!f the __
<br /> '''":�: unouot of the Funds held by Lender i�not sul�cient to p�y the escrow items when due,Borrower�6a11 paY to Lender any =��
<br /> '� ��, �� �mouot necasary to m�ke up the deflciency in one or more paya�enta u requir e d by L e n der. ��� .
<br />"'"'"' "' '�'""�� Upon payment in full of all aums secured by tbi�Security Instrument,i..ender sheU promptly refund to Horcower _w
<br /> �, :` ,:,;-� �-z
<br /> 't' ' � �ny Funds held by Lender.If under puagnph 19 the Property is sold or acquired by Lender,L.ender sh�ll apply.no later !_.,�o
<br />,��,�'. : � �.,, than immedistely prior to the sstle of the Property or its Kquisitbn by Lender,any Funds held by Lender at the time of =_-=
<br /> �� � ���
<br /> • applieation u a credit ageinst the suma securod by this 3ecurity Inatrument. �-y
<br />�"�°µ ` 3. Appliculor at Paymenp. Unless�pplicAble I�w provida otheraise,all paYments roceived by L.ender under �=,.�_,.
<br /> r.,.: . --._
<br /> ' -�•f, - .���, parngraphs 1 and 2 shall be applied:BRt�to late charges due under the Note;second,to prepayment chu�es due under the
<br /> ;�, � � �' ;. . Notr,third,to amounts payable under paragraph 2;fourth,to interest due;And last.to principal due. �i�'�'_��`
<br /> � ��t"'°"'` 4, C6v�Ueat. Borrower ahell pay all taxe�,essasments,chuges.Rnea end im sitiona attributAble to the -
<br /> P� ��;=:.
<br />'� -• :�%-` ' ' ' Property which may atwin priority over this Secudty Instrument, and leasehold payments or ground rents. if any. =
<br /> ,_ Borrower ahall pay these obligotions in the manner provided in paragraph 2,or if not paid in that manner,Borrower shall ��A,:
<br />�; .t� „ �• pay them on time dirxtly to the person owed pAyment. Borrower shall prompUy furnish to Lender all notices of amounts �
<br /> ��`� to be paid under thia paragmph.]f Horrower m�lces thetepayments directly,Horrower shall promptly furnish to Lender
<br />''� ,--� '';.�.�'�;s:��`.,s receipls eaicleaciag the paymenss. _
<br /> ' , ��� � Borrower ahall promptly discharge any lien which has priority over this Security Inatrument unlas eorcower:(a) �,m
<br /> � f" ^�'' . • agras in writing to the payment ot'the obligation secured by the lien in a manner acceptoble to Lender;(b)contests in gaod —.�
<br /> • faith the lien by.or deFends against enforcement of the lien in,kgal proceedings which in the Lender's opinion operate to =°�-
<br /> :� prevent the enPorcement of the lien or Porfeiture of any part of the Property;or(c)secures from the holder of the lien an -�
<br /> • �greement satisfactory to Lender subordinating the lien ta this Security Instrument.ii Lender determina that any part of �:'�=:
<br /> �' , the Property is subject to a lien which may attain priority over this Security Instrumen[,Lender may give Horrower a �-'F"�
<br /> � . : notice identifying the lien.Borrower ahall satisfy the lien or take one or more of the actions set foRh above within 10 daya �e�'.:�*
<br /> � . , of the giving oPnotice. '
<br /> ;. ' , , ° S. Ha7ard Inwrnnce. Borrower shall keep the improvements now existing or hereafter erected on the Propeny ,..c.--
<br /> �.. ��_=.--
<br /> � r insurod against loss by fire,hwrds included within the trnn"extended coverage"and any other hazards for which Lender
<br /> � � <�' requira inaurance. This insurana shall be mvintained in the amounts and for the periads tfwt Lender requires. The
<br /> � � b 8orrower sub'ect to Lender's approval which shall not be �—
<br /> _ _ � i n s u r a n c e c n r r i e r p ro v i d i n g t h e i n s u r a n a s h a l l b e c h o s e n y J --
<br /> ' � unrea�onably withheld. �-
<br />' � All inaursnce policia and renewels shall be acceptable to Lcnder and shall include a stnndard mortgage clause. C_*:�-__:
<br />; Lender ahall have the right to hold the policies and a�ewpls.lf�Lender requires,Borrower shall promptly give to Lender
<br /> all receipts of paid premiuma and renewal notices.In the event of loss,Horrower shall give prompt notice to the insurana �_,���
<br /> ;� . ' �� . . carrier and Lender.Lender moy make proof of loss if not mede promptly by Borrower. __
<br />; Unless Lender and Horrower otherwise agree in writing,insurence prceeeds shall be applied to restoration or repsir ��"���
<br />: ° of the Propeny damaged,iP the restoration or repair is economically feasible and Lender's securiry is not lessenod.If the F �,
<br /> ` ' '' ' ` ratoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be {,
<br /> y `yY' :. l.r.rr'.:�'�
<br /> � applied to the sums aecured by this Security Instrument,whether or not then due,with any eacess paid to Borrower.IP F�?'=�
<br /> Borrower abandons the Property,or does not Answer within 30 daya a notice from Lender that the insurance carrier has r�;-:
<br /> offercd to settle a claim,then Lender may collect the insur�nce proceeds.I.ender may use the prceeeds to repair or res�orc
<br /> • . the Property or to pay sums socurcd by this Security[nstrument,whether or not then due.The 30-day period will be�in
<br /> . when the notice is given. -
<br /> Unless Lender and Borcower otherwise agrce in wnting,any application oP proceeds to principal shall not extend or
<br /> postpone the due date oP 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 praceeds nsulting �
<br /> ° from damage to the Property priqr to the acquisition shall pass to Lender to the extent of'the sums securtd by this Security .
<br /> InstrumeM immediately prior to the acquisition. �
<br /> 6. Presrrvatton ond Maintenaece of Property:i.e�e6olds. Borrower shall not desfroy,damage or substantielly
<br /> °.. change the Propeny,allow the Propeny to deteriorate or commit waste. if this Security Instrument is on a leasehold,
<br /> ' � Borrower shall comply with the provisions of the Icase.�nd if Borrower acquires fee title to the Propeny,the leaschold and �
<br /> . fee litle shall not merge unless Lender agrc�es to the rnerger in writing.
<br /> ' 7. ProtecNon ot Leader's Right� in the Property: MortQage InsurAnce. If Borrower fails to perfornn the
<br /> " covenants and agreements contained in this Security Instrument,or there is a legal praceeding that may signiHcantly afiect
<br /> _ . , _ "_. Lender's rights in the Propeny(such as a proceeding in bankruptcy, probata for condemnation or to enforce laws or �
<br /> .�_ _�.. _e.�_o.. ...1 T�...i� ..1.�.
<br /> _ :_ ._ ---- regulations),then Lender may do and pay tor wnatever�s necasary io pro�cci u�c.a��e.,..���..oi�:i�••���••--:�-��e•••- �
<br /> " in the Property. Lender's actions may include paying any sums secured by a lien which has priority over this Security
<br /> ' ; ' lnstrument,appearing in court,paying reasonable attorneys'fees and entering on the Property to make repairs.Although ,
<br /> Lender may take action under this paragraph 7,Lender does not have to do so.
<br />� ° Any amounts disbuned by Lender under this paragraph 7 shall become additional debt of Borrower secured by this
<br />� • Security Instrument.Unless Borrower and Lender agree to other tenns of payment,these amounts shall bear interest from
<br />' � the date of disbursement at the Note rate and shall be payable, with interest, upon nonce from Lender to eorrower
<br /> requesting payment.
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