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<br />88-105337
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<br />UNIFORM CCJ\'E!'oiA"oirS Dorrower lIod Lcndl'r cLlvenllnlund agree It!'! follll\\.'
<br />I. Pa)'ment of Principal and Interest; Prepayment and l.ate CharRcs. Bnrro"'cr ~hull promptly pay when due
<br />the pnnclpal of and Interest on the debt evidenced by the Note nnd uny plcpnymcnlnnd lute chllrgC\ due under the Note.
<br />2. Funds for Taxes and InsurBncc. Subject 10 npplicuhlc Inw or 10 II wnlle" waiver by Lender. B(lrrOWer ..hull puy
<br />to Lender on the da)' monthly payments ure due under the Note. unullhc Note is paid in full. u sum ("Funds") equal to
<br />one-Iwelfih of: (0) yearly taxes and ussessmenls which may auain priority over this Security Inslrurncnl; (b) yearly
<br />leasehold pnymc:ms or ground rents on the Property. if nny; (c) yearly hazard insurance premiums; and (d) yearly
<br />mongllge insurance premiums. irany. These items ore called "escrow ilems." Lender may estimale Ihe FuOl.!!; due onlhe
<br />basis of currenl dolO and reasonable eslimotes offulUre escrow items.
<br />The Funds shall be held in Iln institution the deposits or accounts of which are insured or guaranteed by a federal or
<br />stale agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Lender may nol charge for holding and applying the Funds, analyzing Ihe accounl or verifying the escrow ilems, unless
<br />1.ender pays Borrower imcrC5t on the Funds and applicable law permits Lender 10 make such 11 chnrge, Borrower and
<br />lender may agree in writing lhat inlerest shall be paid on the Funds, Unless an agreement is made or applicable law
<br />requires inlerest to be paid. Lender shall not be required to pay Borrower any interes' or earnings on the Funds. lender
<br />shall give to Borrower. withoul charge. an annuaJaccounting of the Funds showing credits and debits to the Funds and the
<br />purpose: for which each debill0 the Funds was made, The Funds arc pledged as additional security for the sums secured by
<br />Ihis Security Instrument.
<br />If Ihe amount of the Funds hdd by Lender. togelher with the future monlhly payments of Funds payable prior to
<br />the due dales of the escrow items. shall exceed lhe amounf required to pay the L'SCroW items when due. the exccss shall be.
<br />al 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 Ihe escrow items when due, Borrower shall pay to Lender any
<br />amount necessary 10 make up Ihe deficiency in one or more payments u!\ required by Lender.
<br />Upon payment in full of all sums secured by this Security InSlrument. Lender shull promptly refund to Borrower
<br />any Funds held by Lender, If under paragraph 19 the Property i~ sold or acquired by Lender. Lender shall apply. no later
<br />lhon immediately prior to the sale of the Property or its acquisition hy lender. any Funds held by Lender at the time of
<br />application as a credit against the sums secured b) this Security In'ttrumenl
<br />3. Applicslion of Payments. Unless applicablc: law prfwides ntherwise. all payments received by lender under
<br />paragraphs land 2 !lohall be appliCl1: firsl. to Jate charges due under the ~01~; second. 10 prepaymenl charges due under Ihe
<br />Note: third. to amounts payable under paragruph 2; fOUr1h. to mteresl due: and last. 10 principal due,
<br />4. Chargesj Uens, Borrower shall pay all taxes, assessments. charges. fines and impositions attributable to the
<br />Proper1y which may n110in priority over this Security Instrument. and leasehold payments or ground rents. jf any,
<br />Borrower shall pit)' these obligation!l in lhe manner prQl,'ided in parag.raph 2. lIr if not paid in that manner, Borrower shall
<br />pay them on time directly 10 the person owed payment. 8orrower 'thall promptly furnish to lender all nOliCl."'i of [lmounts
<br />10 be paid under thiS paragraph, If Borrower makes IhL'Se payment!'> dlfcctly, Borrower shall promptly furnish 10 Lender
<br />receipts evidencmg the payment...
<br />Borrower !'!hull promplly discharge any lien which has prlont)' o\'er Ilns SecunlY Instrument unless Borrower: (a)
<br />agrco 10 wntmg 10 Ihe paymenl (lfthe obligatIOn secured by Ihe hen 10 a manner acceptable to Lender; (b) cotHeSIS 10 good
<br />failh the lien by, or defends agam't enforcement of the hen in, legal prOl:L-edmg~ which 10 the Lender's opinion operate 10
<br />prC'\t'enl the- enforcemenl of Ihe hen or forfellure of any part of the Proper1y, or Cc) 'tel:ures from Ihe holder of the lien an
<br />agreemenl ~allsfaC:lor) to Lender suburdmating the lien 10 tlm. Sc\,'urllY In!'!lrumenl. If Lender dclernunes that any purl of
<br />the Prnpt'rt)' IS SUhJL'Ct to u lien which may anum pnority over tlm Secunty In!'!lrument. lender may gi...e Borrower a
<br />notice Identlf:rmg lhe hen. Borrower ...hall satisfy the lien or lake (lIIe tlr more nfllte i.lclH,"!'! sd fnrlh abm'c within 10 days
<br />oflhe g1\'mg of no tiCC'.
<br />S. ilaurd Insurance. Borrower shan keep Ihe Imprmenu:nl... now eXlsling or hereafter erected on the Propert}
<br />Insured agamslluss hy firt'. hazards Included wllhin the term "e.\lended CII\'eragc" and any other hazards for which Lender
<br />requlfo msurunce ThiS msunmce ..hall be mainlaint::d In the amounls and for Ihe penod, lhat Lender rcquires, The
<br />m!ourance carner pru"'ldlng lhe Insurance '1hall be cho!\Cn hy Bnrftlwer subJecI to Lender', approval which shall nol be
<br />unreasonably .....nhhdd
<br />AU insurance policlC:!! and renewal!oo shall be acceptable III Lendcr and shall mclude: a !ttandard man gage clause.
<br />Lender shall haH the: nght h) hold the policie!o nod renewals, If Lender reqUires. Borrower ~hall promptly give to Lender
<br />all receipts of paid premium!> and renewal oollco. In lhe event of los... Borrower ..hall givc prompt IUJtlce to Ihe insumnce
<br />carner and Lender. Lender ma) make proof oflos.s lfnot made promptly by Borfllwcr.
<br />Unless lender and Borrower olherwlse agree in writing. in...urance procced!t ..hall b~ appllcd to re!ttorallOll or repair
<br />of the Propert}' damaged. If the restoratIon or repair IS economically fen...ible and lender'" sccurllY i, nOllessened. If the
<br />resloratIon or repair i~ nol economically feasible Of lender's secunt} would be lcs!'!el1cd. I he In!lurancc proceeds shall be
<br />applied to the sum!l secured by thl!!> Security Inslrument. whether or nul then duc. with any cxce!ts paid to Borrower. If
<br />Borrower abondon~ Ihe Proper1Y. or does not ansv.er \\'jthin ~O days a nollce from lender thai rhe lO~urance carrier has
<br />offered to srnlc: a claim. Ihen Lender may collcl,:t the m...urunce pruceed.... lender may us.e the prot'eeds 10 repair or restore
<br />the Propeny or U'I pay' sum~ secured b~ lhls. SC'4;Unl~ Instrumen!. whelher or nol Ihen due, Thc JO.duy penod will begin
<br />when the nor ice is gl\ocn.
<br />Unles.. Lenaer and Borrower olherwl~e agrd: 111 wnllng, any applicalllln of pwctocds In rnnc1pal ~hllll not c:.\tend or
<br />postpone the due datC' ofthC' mcmthly pa)'menb referred 10 In paragraph~ I and.2 (lr change Ihe amounlllfthc paymenls. If
<br />under paragraph 19 Ihe Property IS acquired b~ Lender. Bnrm\\c:r's nghl to any lt1"Ufanc~ poliCies nnd proceed.. resuhing
<br />fTom damage 10 Ihe: Property pnur to the acqUIsition ~halJ pa...., tn Lt'nder In Ihe exlenl urthe ..um... ..t:Cured h) thiS SeC'unly
<br />Inslrumenllmmn:ha(dy pnor 10 the acqul!i1ll0n.
<br />6. Preservation and :\laintenance of Propert)'; Leaseholds. Bllrwwer <,hallllol dL"'If(l~, damage nr ...uoslanllally
<br />change the Propc:r1~. allo..... lhe ProperlY 10 detenorilte or commll "as.te. If Ih.<, S~Ctlfll) In..trumenl 1<' on a lea~eh(1ld.
<br />Borrower shan (."'Omply "..11h lhe JlfO\'lsrOn!l of the leasc. and If Borr{lw~r acqUires f~e III It- tll I he ProPCrlY, I hc leasehnld and
<br />fee title shall nOI mefge unl~!\o Lender agrees In Ihe merger 10 wnlmg
<br />7. Protection of Lender', Rights in the Propert)': :\lortpR;e Insurance, If Rorrnv.er fall, 1\1 perform the
<br />co'\'emmts. and Ilgreements conlalOed 10 IhlS Secunl)' In!"olrument. or there I.. a legill pn'ceedmg thai ma~ "lgl1lfh:antl~ affecl
<br />Lender's, righls in the Propert}. (such as, a pmceedmg an hankruptq. prohate. for l,:ondemllatlllfl or In enfnrce Inw" m
<br />rC'guI3tion~). 1hen Lender ma)' do nnd pay fm \\.hateH::r l!'o nec~s.af) ll' pCOIa't Ihe "alue of Ihe I)Hlrcrt~ ilnd Lender's fight..
<br />In the Pfl,')pc:rt) LendC'r', acttons mu~- mclude pa)'1Og any 'ioum!> "I,'cured h} a hen whICh ha... prll)nty mer 1111~ Sccunl)
<br />In!olrument. ap)"N:'dnng. In c.'urt. plJ}tng reasllnahlc alll'mcy.... fceo, and entenn!:f tllllhl' Prll{l('rl} Itlllla"'e repair'" Althtlu~h
<br />under mu~ taLC' acllulI undl"r thiS para~raJ1h 7, lender docs nol ha'ioe Itl dl)..n
<br />A.n) arnounl.. d"hur"oCd h~ Ll"udc:r under thl\ pl.1r.ll~raph i ...hilll ht-....,.rTIt. adJlllOlI.llllchl III' HIll nmer ...c..:urw tn thl'"
<br />S4xUfll} In~trumrnl l'nlC"o" Btlrfl"''''er IHld 1 ('flder agree' 10 t1,hl"f lerm.....1 p.l\ I11l'lll. 111(.'...1,' .JrtlIIUlII" ..hall hC~\1 II\leH'''' ftnll1
<br />Ihr llate (If dl;burw=mcnl <II thr: '.llt" f.llC' .lluJ ..hall ht- ra~atolc. ....lln Illll.'.....1 lIP"lI rlllfll't" Irl'llI I t"T1tkr II' H'llf"U('!
<br />r~ur>LunJ: ra~ men1
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