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<br />105137
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<br />lJNlroRM CO\'fNA:O-;l't Borrower nnd Lend",," co\'!':nnnllll1d agree ll~ follnw,:
<br />1. Pa)'mcnt of Principal and 1"ICreSCi Prcp~j'ment Rnd Late ChllrRcS. Borrower ~hnll promptly pay whell due
<br />Ihe pnnclpnl "fund IIUcrC!lI on Ihe debt c\o'idenc-:d by lhe Nelle and any preplIyment Ilnd hue chnrgC's due under lhe NOle.
<br />2. Funds for Toxes and Insurance. Subjecllo applicable Illw or 10 II wrlllcn wlIivcr b}' Lender. Borrower shall pay
<br />to lc.ndcr on the du)" monthl)' pnymcnl~ ure due under the Note. unlillhc Note is paid in full. I) sum ("Funds.") equal Ie
<br />oncwlwcIn:h of: (n) ye.arly luxes Dlld asses~mcnls which may auain prinrll}' m'cr this Security Instrument; (b) yellr)y
<br />leasehold payments or ground renls on the Properly. if any; (c) )'early hn1.lIrd insurance premiums: and Cd) yenrJy
<br />mortgage insurunce premiums, ifany. These itcm~ are called "e~cro\\' ilem!>." Lender may estimate the Funds due on the
<br />basis of current data and reasonable estimates offuture escrow item'i.
<br />The Funds shull be held in an institution the deposits or accounls or which are insured or guaranteed by a federal or
<br />state agency (including lender if Lender is such an institution), Lender shall apply the Funds to pay the escrow items.
<br />Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unJess
<br />Lender pays Dorrower interest on the Funds nnd applicable law permits Lender 10 make such n charge. Borrower and
<br />Lender may agree in writing Ihat interest shall be paid on the Funds, Unlc!>s an agreement is mnde or applk:able law
<br />requires in teres I to be paid, Lender shall not be required 10 pay Borrower uny interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting orthe Fund~ showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds tlre pledged as additional security for the sums secured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, together with Ihe ruture monthly payments of Funds payable prior to
<br />the due dates of the escrow items, shall exceed Ihe amount required to pay the escrow items 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 orthe Funds held by Lender i!. not sufficient to pay Ihe escrow Hcm~ when due, Borrower stlUll pay to Lender any
<br />amount necessary 10 make up the deficiency in one or more paymenh as required by Lender.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower
<br />any Funds held by Lender, If under paragraph IQ Ihe Property is ~old or at.:quired by Lender, lender shalJ apply, no later
<br />than immediately prior to Ihe sale of the Propeny or it!. acquisilion hy Lender, any Funds held by Lender at Ihe time of
<br />application as a credit against Ihe sums secured by Ihis Security Im.trumel1t.
<br />J. Application of Payments. Unless applicable law provides otherwist:, all (lllymt:nts received by Lender under
<br />paragraphs I and 2 shall be applied: first, 10 late charges due under the Note: o.:econd. 10 prepaymenl charges due under the
<br />Note; third, to amounts payable under paragraph 2; rourth, 10 interesl due: and last, to principal due.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, t;hargtC fines and impositions attributable to the
<br />Propeny which may attain priority over Ihis Security Instrument. and leasehold payments or ground renls, If any.
<br />Borrower shall pay these obligations in the manner prO\'ided in paragraph 2, or if 110t paid in Ihal manner, Borrower shall
<br />pay them on time directly to Ihe person owed paymenl. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph. Ir Borrower makes these payments direclly, Borrower shall promptl)' rurnish to Lender
<br />receipts evidencing the paymenb.
<br />Borrower shaJl promplly discharge any lien which has pnonty (l\'Cr thiS Sccurity Inslrument unk-ss Horrower: (a)
<br />agrees In writing 10 the payment orthe obligation secured by the lien In a manner acccptable to Lender; (b) conlcsts in good
<br />faith the lien by, or defends against enforcement of the lien In, legal proceedings which in Ihe Lender's opinion operate 10
<br />prevent the enrorcemenl of the lien or forfeiture of any pan or Ihe Property; or (c) secures from the holder or Ihe lien an
<br />agn:emenl satisfactory to Lender subordinating the lien 10 thi~ Securily Instrument. [f Lender determines thai any part of
<br />the Propeny is subject to a lien which may attain priorily over Ilns Securily Instrument, Lender mny givt: Borrower a
<br />notice identifying the lien. Borrower shall salisfy Ilu: lien or take olle or more nflhe actions !iet forth above wilhin 10 days
<br />ofrhe giving of notice.
<br />S. Hu.ard Insurance. Borrower shaJl keep Ihe improvcments nil\\.' cxisling or hereafter erecled on Ihe I)roperty
<br />insured against loss by fire, hazards included wilhin the term "extended coverage" and uny other hazards for which Lender
<br />requires insunmce. This insurance shull be mainlained in the amount~ and for Ihe periods that Lender requires. The
<br />insurance carrier prO\'iding the insurance shall be cho!tcn b)o' Borrower ~ubJecl to lender'l;; approvlll which shall not be
<br />unreasonably wilhheld.
<br />All insurnnc( policies and renewals shaH be acceptable In Lender and shall mclude a slandard mortgage clause.
<br />Lender shall ha,"'e the righl 10 hold the policies and renc:wal!oo. If Lender rr:quires, Borrower shall pmmplly give 10 Lender
<br />aU receipts of paid prcmium~ and renewal notices, In the c\'cnt (If ICl~!'o, Uorrower shall gi',e prompt nol1t.:e to lhe insurant.:e
<br />carrier and Lender. Lender may make proofofloss ifnot made promptly by Borrower.
<br />Vnles.... Lender and Borrower otherwise agree in writing, In!ourancc proceeds !thull he applied 10 resloralion or repmr
<br />of the Proper1y damagL-d, if Ihe restoralion or repair is economically ft:a."iible and Lender's securily is not les~ened. If the
<br />restoration or repair is not economicaBy feasible or lender'!; security would be lessened, Ihe Insurance proceeds shall be
<br />applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. [f
<br />Borrower abandons the Property, or does not answer wilhin 3D days a notice rrom Lender that Ihe insurance carrier hus
<br />offered to settle a claim, then lender may coUectthe insurance proceeds. lender may use Ihe proceeds to repair or restore
<br />the Propeny or 10 pay sums secured by Ihis Security Instrumenl, whelher or not then due. The .'lO-day peflod will hegm
<br />when the notice is gi\o'en.
<br />Vnles..... Lender and Borrower otherWise agree In writing, an~ application or proceeds 10 pnncipal ..hall nol e];tend or
<br />postpone the due date of the monthly paymenl~ referred to in parngraph~ 1 and 1 or chunge Ihe amount of the paymenls. If
<br />under paragraph lq Ihe Propeny IS acquired by Lender, Borrower's righl to any lO!\UranCC p(lhcH."!1 and proceeds resulting
<br />from damage to the Property prior 10 the acquisition shall pass 10 Lender to the extent of the .,um.. ..ccured hy thi" Security
<br />Instrument immediatd)' prior to the acqui5.1tion
<br />6. Preservation and :\Iainlenance of Propert,.-; Leaseholds. Bornm er shall fwt de~tfll~, damage or !\UbSlanliull)o'
<br />change the Property, allow the Property to deteriorate or commit wasle. If this Sccunl~ Imtrumcnt IS on a leasehold,
<br />Borro.....er ~hal1 comply wuh the provisions of the lease, and if Borrower ucquires fee mle 10 the Property, the leasehold and
<br />ree (ult shall nOl merge unless Lender agrees to the merger in writing.
<br />7. Protection of Lender's Rights in the Propert)': MortPRl' Insurance. If Borrower fails III perrorm the
<br />cmenants. and agreements contamed in this Secunty Instrument. or there I" a legal prnceedlng Ihat ma~ ~Ignificanlly alTecl
<br />Lender's. nghls in the Propeny (such as a proceedmg 10 bankruplCY, probalc, for condemnation (.r to enforce law!\ t1f
<br />regulation!>), then lender may do and pay for whalc"\cr i!o nec~!.u~ 11:\ protecl the.. aluC' oflhe PHlpC'rt~ and Lender'!,> rtght..
<br />in the Property. lcndcr'~ acti(ln~ may include paying an~ "urns !\<.....un.-d by i.I hell which hil!\ rnnnl~ (lVCr Ihis Sc:cunl~
<br />lnstrumell1. ap:'C3nng 10 court, paymg reasonahlt: allorne)o'~' reo and entenng (llllhe Prorcrt~ It, make n:ralf!\ Although
<br />Lender may take: acllon under this par;tgraph i. Lender d~ not han: to do ~(l
<br />. An)' nrnounts dlsbun;,ed by lender under thl" paragraph 7 ..hall heC(lme addltH\nal debt Ilf Rorrmlo tOr ..ecurcd h~ Ihl..
<br />Security Instrument Unlc."'>" Borrowcr and 1.t:llder agree: 10 olhcr Icnn.. \lfra~t1Icnl. lhl"'t" anwunh ..hall bL'ilf II1lere..1 [flll1l
<br />tbe date or dl~bur!oCmc:nt Oil the ~1l1e r.sle and ..hall he pa~abll". ~lIh 1IlIt'rt"'1. Url1tl 1\lIII":C fftlm I cndt'f III B(lrnl~H'f
<br />requC'Sl1ng paymenl
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