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200214010
<br />If Lender receives a pavmeat from Pon'ow er for a delinquent Pei were Payment which includes a safficienl alral
<br />to pay any Tare charge dun, the Paynicm may be applied to Lite delinquent payment and the lute charge. If more than one
<br />Periodic Psymeat is outstanding, Leader may app I) any Poyment term ed man Bonnwer to the repa)unent of the Periodic
<br />""menu , i, and ri the "Nord"', each p.Watcnr cure be paid in I'lll. 1 o the cxtcnt that any excess ca idts alter the payment i'
<br />applied to the full ptr)dnent of one or more Periodic Puhnenrs, suds excess nmy be applied to any late dmrgee due- V olanlup
<br />prepapnem,,hall he applied rarer to any piupawncnt charges and then as described in the Now
<br />Any application of payments_ ins..rat"' proceeds, or M¢cella heal Proceeds to Prinapal due under the Vote
<br />,hall rent extend or postpone the due date or dhsngl td umount, of the Periodic Payments.
<br />3. Fluid, for Escroyvhems. Borrowershell pa, to Lender on the day Per iodic Pavments are due under the Note,
<br />..mil the Note is paid in fill], a Sam (tile "fundd') to provide 161 payment of amounts due foe (a) taxes and assessments und
<br />atI,er items which can attain priority over this Securely Instrument as a lien or encumbrance on the Property, (b) leasehold
<br />payrnenu or ground rents nn the Property, luny;(c)pmmiisms lit r any and all msurancc rcyuircd by'Lcndcrsin 'Sstion
<br />and (d) Mortgage Insurance premiums, ifeny, on-.tnv suits payable by Borrower to leader in lieu of the pa)mart of Vrorgage
<br />Insurance pnemmms nI accordance with the p, e, n',ar, Of sc hen 10. Thcsc items arc called "f screw Items Amrigination
<br />sir at any Bite din ing the term or tire Lcnder may equine that Community Association Dues, Fees.and tisessmcnti, if
<br />any be escrowed th} Borrower and such dues fe: und assessments shall be en Escrrnv Item Borrower Shell prorepty
<br />furnish to Lenderulllwtices ula ..amts to belt Idea this Sect ion. Borrower shall pay Lender the Funds for E ooltaus
<br />unless Lender wa, es Lorrower's obligation in p e, the Funds to any nr all F.sernw Items_ Lender may waive Borrower's
<br />Obligation to pay to Lcndcr Funds for inyon all Escrow Items atanytime. Any Such wai, I a) only he 'm writing. In the
<br />event of such waiver, Borrower shall pay directly, w -hen and where payable the amounts dike fir any Escrow Items for wh¢h
<br />payment of Funds has been waived by Lender aid, if Lender requires, shall furnish to Leader receipts evidencing such
<br />payment within Such time pe wd Its I Bader rev again. Ilk .ia -Br's nhligarion to make sr ch paymcros and sir pmn me
<br />receiptsstealI Ibr all purposes bedeemed to beacuy to titandagreementcontainedinthis Security Illstrument.csthephrase
<br />'covenantand agreement' us used in Section 9 11 loam,,ei is ohligated m pay F,cm,, hems directly, pureuant ro a waver_
<br />and Borrower fails to pay the anhount are Pon ,I Escrow Item, Lender may exercise Its rights ender Section 9 and pay udl
<br />,moorland Burrower she II then be obligated render Section 9 to repay m I ender any such amount I ender may revoke the
<br />wanverus to envm alI Pau,ow Items stany time by —r notice gl yen in accordance with Section IE and, upon such I ev ocation.
<br />Borrower'ha 11 pay w L nderalI Funds, sad in such amounts, That Ill then required under this Section ?_
<br />Lcndcr shay. It mry ti 1111, collect and hold funds in an anhount (u) sufficient to permit Lende, to apP ly the f ands at
<br />the time specified under RESPA, and (b) link to..need ,he maximum amrnml It lender can require under RESPA. lender
<br />shall c,ti li the wnu.... t uC Funds due an the basis of son „eat dat, und ,ensemble estbnates of expenditures of Jowls Escme
<br />Items or otherw¢e m accordance with Apphcable I aw.
<br />Thu Funds shall be held in an IustimGoa whose deposits are insured bya federal agency, ilastrumeatality. on elnip
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<br />(mcladingLender.ifLenderisana imtian w hose deposits are so insured) or in any Federal l tome l )anliaak. Lenderdsll
<br />apply the Funds li pay the Escrow Itvnu In lute, thrill the lime Specihad under RESPA. Lender shall natclra,ge Bunnmwl,
<br />tar holding and epp"Ing the I' d amrnlly r vm, d" r" nw aso..it, o ,,,Mire, rile Fsu nw lams. unless I ender
<br />pays Bonowcr ,test an the I rods ,aid Applicable Law penmlu Lender to male such a charge. Cnless an egreelaent is
<br />made m venting or App h,ah le I aw requires interest to he paid nn the Funds, Lcnder shall net he req ... tell to pay I inrmwer
<br />airy i n retest or earn i Iles on the F ands. Borrower an d Len der can agree nw,,ting.howerer, that art, ,t sha l l be paid on the
<br />Ikinds. I ender shall give To Borrow,,', hvittnut charge, Ltn unnuahaccountian ofthe Funds as required by RESPA_
<br />Inhere is a satplus of Funds held in escrow. as defined under RESPA. Lcnder shall account to Borrower Or
<br />excess funds m xmrduaa tenth Rlf-SPA It filer, is a ehmtage ofF..ndd held in e,crmv, as defined colder RF.SI'A, Lender
<br />shall lmt,fy Bme.,ur as required by RESPA, and Bonowcr shall pay m Lender the amount access, to shake uP the
<br />shonage is accordance with ILLSPA, but in no more then I2 monthly payments. Ifthere is a deficiency Off ands hrld in
<br />escrow, as defined trader RESPA. Lender shall notify Borrower as require ed by RESPA, and Bonowcr shall pay a Lcndcr the
<br />amount necessary to make lip the deficiency in accordance wnh P byPA, but in no more than 2 momhly pavmentd_
<br />['Pun payment in lull of all sums secured by thin Scull ay Instranlcal. Lander shall pmmplly refund to Bonowcrany
<br />I ands held by Lender.
<br />4. Charges; Liens. Bomnrcrshull pev,11( Uses, usscssIrlskk.chargcS,Gncs, and irnposi(ions'altiibulablcmlhc
<br />Property which can trillion pniorityoyer this Security la'nvment leasehold payments or' ground rents on the Property, if any
<br />and Communi ty Association Ducs, Fees, and Assussmin ls, harry. To the extern that these items arc Escrow Items, Bonowcr
<br />Shall pay them in the manner pro sided in Section I.
<br />Burris cr shall taon ptk ellarge a feu which his l deity over the Secureis hStnunneat unless Bunuucer (u)
<br />agrees in wining to the payment of the ehh2Iii1ok secured by the lien in a manner acceptable to Lender, bw ink So long a'
<br />Borrower is perfonninµsadl .ngrcrnnenl; (b) oontcsee the lien in good fain, by, or defends agsinsl eaforecmm'll uflhe lien ire
<br />legal prnaeMungs' which nn Lender s opmmn openne to prevent the ,,Il ,, me 1 01 the lien whdc those proccedungs are
<br />pending„ but sink until such Prtscldiugd all ImIL hided, 0r (c) 11111111 Clear the holder of the lien an aNmmcnt satlsfacniry to
<br />lender subordinating the hen to this Seavity lnstirment ItLendet determines that any part mule Property is subjecttoa
<br />Gen which can auxin priority 0111 this Security lustrmnent . Lend , ... ygkce Bonowcr ak iec dentibrog the lick_ Within
<br />10 days of the date ore which that oC" is gic B mower shall salsify the lien or take one or more or v,tior, set forth
<br />ahovc nn this Secunn 4.
<br />Lender may require Borrower to pay a one bate, charge for real estate tae yeti licmion and or reporting sen'icy
<br />used by Lcndcr m connection with thus Loan.
<br />5. Property Insm'ance. Borrower Shull keep Lite mprovemcros no, ,sung or hereafter e,,ctedon theP,pety
<br />insured against loss byhre, hazard. ncludetl within the term'- waded coycragc' and any eth j aizaodS reliafiarla hill rot
<br />limited to. earthquakes and floods, for which Lender squires insurance - This insunmce shall be maintained in the amounts
<br />(inckudiag deductible Icyds) and lair the periods that Isnda uoquie-s. w'ha1 Lcndcr requires pursuum to tire pr -riling
<br />sentences call change during the terra of the Loan_ The insuance canner providing the immune, shall be chosen be
<br />Bnrrowcr subject to Lcndcr', r,ght to dksapprurc Bonnuwlr's choice, which right ,hall not he exercised uarcasortahr,
<br />Lender may require Borrower to pay, in connection wish this Loan, either (a) a one -time charge for flood zone
<br />determination , ,aa,,tion und kecking S,, ,, ,, or (b) a on -time eharge In, fliid zinc determination and certificmlon
<br />scrviues and subsequent charges each time nenhappili, kin siridw changes occur which reasonably ,night affect such
<br />deternalleal n or corm ficotion. Borrower shall elso lie responsible for the payment of any fees imposed by the Fedeal
<br />Emengen,, Managek,ent Agency in connection with the nevlew of w p flood Snake d ter mi..dtion resulting burial abjection
<br />by Borrower.
<br />If Borrow', fails to lnainfait any ofthe coyenages described sboye, Lender may obtain I Ill antruce InIeIage, at
<br />Lender's option and Borrower's expense- I ender is under ,m obligation to poichase any pamcalar type 01' amount it
<br />ckiyemge. Tlrerefore, such coverage shall cover Lender but refight o, might not protect Binrower Bonowlr's cyuily in the
<br />I'ropelry, or the,omen¢ ofthe Property, against any risk, heard or ess 'c crags
<br />than was previously in effect. 6orrowerad<nowledges that the cost of [he :neartnce cover�ge,o obtai,led nngrt suenilicmrtiv
<br />exceed rte cost ifinvvanec that Bm'rmva' could hayc obt,incd_ Any amounts dishursed by I ender under Ihu Sec,lon 5 shell
<br />become vddifionul debt of Borrower secured by this Seam ly Instrument. These amounts shell bear :merest sit the Nole ,ate
<br />trim the date of di s far rscnear and 'hull be pay yable, with such interest, upon notice hom Leader to Bmnswer requesting
<br />payment
<br />All Insurance Pohcios ncqukred by Lender vend rcnlwala of dueh poli0ics shall be'ubjed to I cider's right ro
<br />disapprove such policies, 'hull include a standard mortgage louse and slwll name Leader as arm t,, gee and., as an
<br />additiu,nk l ins s payee. Lcndcr sha l l his v c t nc 1 1 g1 Lto l re Id the po ti c iu al n d, reeveal- crificatc ,. I l Lcndcrrcq al r cs'_ Doi 'mw er
<br />shall promptly give to Lender all receipt' of Paid plenaa1111 und renewal notices. I f DoiIo, erob tar ns any for of Iasumnce
<br />N Elk ItASRA —a, b 1- 11, Fenn AlnalF. ddi, A L¢ t S I MR 1, I I NS1 Itl' U F NI FonJO?8 1 0 '111,1L r
<br />",II n n", [;PIS'
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