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L'slf+snM (oyts 4'• i y, 13,trrotcea crud L cndef covet n7 a d s I'ollnws,
<br />I, Payment of Principal and Interest; Pr payment and Laie Clif rgvs. If, rrrt,usci ,hell f i'militI., p.fy %N Iicli dtic
<br />the principal ofand nterestoil the debt Vvidcuce'd by Zile Noie anti ring prclrugtncnt ititd lute ,:h a;gk• due uw1cZ fit,, Ns"Ic
<br />2. Funds for`I'aaes and Insurance. Sub . je�tlotplili: ablrlirwitrttrawntt�nwuisrrb3 1 .czs�Ier.t3tj :rsiwcr�h,iltl�:ry
<br />to Lender on`thc da'!monthly payments are duc 'lender the Note, until Thai Note is paid an full. it sum (Fundy) equal ft,
<br />one- tweltth`of: (a) Nearly tuxes and rrasessmclalti' which initi, attain priority oser ride Securn } ltfatrnoicnt ib) y:arl y.
<br />leasehold payments or ground rents ran title Property, if any. (c) yearly basard msurao,:c prunnutna, mil (it) yoarlk
<br />mo €tgaye insurance premiums; ifany. These items are called "escrow items," Lender may esinuale tlsr funds due of) the
<br />basis of current data' «stud seas <tnuhlc estimates of futifrc ess slaw items.
<br />The Funds shall he held in an institution the deposits or accounts of which are insured or gtr:arantecd hi, of federal ill-
<br />state agency (including Lender if Lender is such an insti €ution). Lcndcr shall apply the I °ands tie pray the cscriiw nenfs.
<br />Lender may riot charge for holding and applying the Funds, analysing the account or verifying Ibe cSCrow 110115, unless
<br />Lender pays Burrower interest (in tile Fund:, and applicable law permits l,ethdcr to make such a charge. Florrowcr rod
<br />Lender may agree in writing that iiricrest shall be paid on the Funds. Unless an agreement is fuade or applicable law
<br />requires interest to be paid, Lender shall not he required to pay Borrower rink interest or carninu., on rite Funds. Lcnder
<br />shallgiyc to Borrower, Mahout charge, an annual accounting of the Feuds shova °ing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are 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 tie future monthly, payments of Funds payable prior to
<br />the due dates of the escrow items, shall exceed the amount required to pay the escrow items when due, life excess ',half 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 item~ when (file. Borrower shall pay to Lender any
<br />amount necessary to make up the deficiency in one or mote payments as required by Lendcr.
<br />Upon payment in full of all sums secured by this Security hhsf runheru. Lender ,hall promptly refund to Borrower
<br />any Funds held by Lender. If under paragraph ly the Property is sold or acquired by Lender. Lender ,hall apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by Lanier. any hands held by Lender at tile time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />3. Application of Payments. Unless applicable law provides wherwisc. all payments received by Lender under
<br />paragraphs I and 2 shall be applied: first, to laic charges due under the Note: second. to prepayment charges due under the
<br />:Vote; 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, charges, 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 mariner. Borrower shall
<br />pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph. If Borrower makes these payments directly. Borrower shall promptly furnish uo Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrowcc fit)
<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 />faith the lien by. or defends against enforcement of the lien in, legal proceedings w °]rich in the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any part of the Property: or let 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 it
<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. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the term "extended coverage" and any of her hazards for w'hiclh 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 nor he
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be acceptable to Lender and shall include it standard mortgage clause.
<br />Lender shall have the right to hold the policies and renewals. If Lender requires, Borrower shall promptly give to Lender
<br />all receipts of 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 economically 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 paid to Borrower. If
<br />Borrower abandons the Property, or does not answer within 30 days a notice from Lender that the insurance carrier has
<br />offered to settle a claim, then Lender may collect the insurance proceeds. Lender may use tote proceeds to repair or restore
<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 monthly payments referred to fn paragraphs 1 and' or change the amount of the payments. If
<br />under paragraph 19 the Property is acquired by Lender. Boll niwer'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 extent of the sums secured by dais Security
<br />Instrument immediately prior to the acquisition.
<br />b. Preservation and Maintenance of Property; Leaseholds. Borrower shall nor destroy. d:unage or substantially
<br />change the Property. allow life Property to deteriorate or coninin waste. If this Security Instrument is on a leasehold.
<br />Borrower shall comply with the provisions of the lease. and if Borrower acquires fee title to the Property, the leasehold and
<br />fee title shall not merge unless Lender agrees to the merger in N%riong.
<br />7, Protection of Lender's Rights in the Property; Nli rtpage insurance. If Borrower fails to perform the
<br />covenants and agrcemenis contained in this Security I list rumcnt. or there is if legal proceeding Ihal may signiticantly affect
<br />Lender's rights in the Property (such as a proceeding in hankrupfcy, probate. for condemnation or to cnfhrcti laev, m
<br />regulalions), then Lender tray do and pay terr whatever is ne essarq tc, protect the value ol'ncc Propcf ty :,nd I.cndcrr', nphl,
<br />in rite Property. Lender's action's roily include paying auk ,ens secured by it lien whfeir hit, prinrily "%c! This Srcurit�
<br />insirumehht, appearing in court, paying reakonable nttorncys' li9e, and cnferutpf on 11w Property ti, fnAc tcparr,_ANlo c.h
<br />lax lldr= tray takeactioti under this paragraph 7. Lender do<s not hate r„ eau ,u.
<br />Asap at *r „tarat� rlishursrd Lender under fill, paragraph 7 0!;01 ht °comae ,titSitit,natl bell of 13„ir„wcr V, M,-,, It) Ov,
<br />vea:ur;ly limiumrew t'ulc,a B(,trower:md Lk-ndvi agrr,! to other terns, 0 payment, ihe,: ;u!inuni„li,fll I)car ,tcir,I
<br />the date 4 dishuseenicnt al the %4,te° fali:.uld s11.411 he ImN ablc, with iMCrr,l. than ,i h”, ff"I'l I ,.mice I'l 13t,rrrtiot
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