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<br />103361
<br />1. Pmt. oaf Fry attend 'Pre � sW p T• pays w acre
<br />the p-ir3eip,a:l of and is tryst on the debt evidenced 1sr the bale =30 ; &-- t>e &m the Rath.
<br />�. F fr�r'Fa�•es a� %. t do � f�� � i�o a b3 i�eder Htxrarr►•er!�i pap
<br />to Leader on d= day mmtbly pay== are dam w3da the Nem =nil tit Nc4c is ppd in fift a stoat ti'"F s"`i Ora to
<br />1 rzbt-ld payieants or gxa•tmd rest=s = the Property. iar away; (c) yeary h=nd 11 1 1 IX aaod (d) leaft
<br />rn*rtgw mtsmmacc pr=ums,11 mr.-Y. Tbc= it are sapient "e m aw lit - Leader try esumaw tits Funds dw oR tls-
<br />bay c fcurrzrt data we r*asdonibk eases o thaw a escs+ew items.
<br />T&- Fib shall b- held is oat in�u tk deposits or amts of which are insured ured or g<nxanteed by a federal or
<br />state agency (including Lender if Leader is such an iwdtuthm)_ lzr+drr sban apply the Funds to pay 01-m iitem:L
<br />L may not charge for coding and 3Wy mg the Funds, a mbrzing the atxzrnttt or r fire escrow itemst eta s
<br />Lehr m-3, Borro-e:r interest on the Ftmds and appficabe am permits Leader to stake such a charge- Bormmer anti:
<br />LerZfcr mr y agree in writing that interest shag be pdd on the Funds. Utters an agreement is made or appficabL- law
<br />rtgdats ixnin-cs8 to be per• Lender sIsa2 not be required to pay Borrower any interest st or earnings an the Fundr, Lc dtm
<br />s;sall give to Borr-crwer. wiktmt charms ais aaretual ai=ounting of the Ftatods showing credits and debits to the Fun& and the
<br />purpose for which each debit to the Funds was made. the Funds are pk 1pd as additional security for the sums sec;ered by
<br />this se urity Instrument_
<br />If the amount of the Funds held by Le=der, togttht-- with the future monthly payments of Funds payabk prior to
<br />the due datcs of the escrow items, shall exceed the amount required to pay :he ese'row item when due, the excess shall be,
<br />at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds_ If the
<br />amount of the Funds held by Lender is not sufficient to pay the escrow items when due, Borrower shall pay to Lender any
<br />amount necessary to make up the deficiency in one or more payments as required by Lender.
<br />L ?pop payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower
<br />any f=unds held by Lender. If tinder paragraph 19 the Property is sold or acquired by Lender, Lender shall apply, no later
<br />than inane- diately prior to the salt of the Property or its acquisition by Lender, any Funds held by Leader at the time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />3. Application of Payments. Unless applicable law provides otherwise, 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, cha -ges, fines and impositions attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any.
<br />Borrower shall pay these obligations in the manner provided in paragraph 2, or if not paid in that manner, borrower shall
<br />pay them on time uirectly- to the person owed payment_ Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph. If Borrower retakes these payments directly, Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Harrower shall pror_:ptly discharge any lien which has priority over this Security. Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, (b) contests in good
<br />atth the lien by, or defends against enforcement of the lien in, legs! proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeiture of zany part of the Property; or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of
<br />the Property is subject 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 actions set forth above within 10 days
<br />of the giving of notice_.
<br />5. Hazard Insurance. narrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the terns "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 providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br />Lender shall have the right io hold the policies and renewals. If Lender requires, Borrower shat! promptly give to Lender
<br />all receipts •-f paid premiums and renewal notices. In the event of loss, Borrower shall give prompt notice to the insurance
<br />carrier and Lender. Lender may make proof of loss if not made promptly by Borrower.
<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 econornicall•y 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 pz;d to Borrower. If
<br />Borrower abandons the Property, or does not answer within 30 days a notice from Lender than: the insurance carrier has
<br />offered to settle a claim, then Lender may collect the insurance proceeds_ Lender may use the proceeds to repair or resiore
<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 />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the month!y payments referred to in paragraphs 1 ar_d 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 policies and proceeds resulting
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extert of th- sums secured by this Security
<br />Instrument imnncdiate!y prior to the acquisition.
<br />6. Preservation and Maintenance of Property; Leaseholds. Borrower shall not destroy, damage or substantially
<br />change the Property, allow the Proper'y to deteriorate or commit waste. If this Security Instrument is on a leasehold.
<br />Borrower shall comply with the provisions of the lease, and if Borrower acquires fte 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 lender's Rights fin the Property; Mortgage Insurance. If Borrower fails to perform the
<br />covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly affect
<br />Lender's rights in the Property (such as a prooea;ing in bankruptcy, probate, for condemnation or to enforce taws or
<br />regulations), then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights
<br />to the Property. Lender's actions may include paying any sums secured by a lien which has priority over this Security
<br />Instrument, 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 do-s not hive to do so.
<br />Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this
<br />Security Inai: untent. Unless Borrower and Lender agree to other terms cf payment. dhese amounts shall bear interest from
<br />the date of disbur;cment at the Note rate and shall be payable, with interest, upon notice from lender to 1.krmwer
<br />rcquesti+ng payment.
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