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<br />U"'C" COVBM"", Ibr 1 and Leder cOVettant and agree a, follows: 87-'- 102312
<br />Prhncip 1 o Of Pftdpd sad t rrA.Aysm"t std Late on debt evidenced by the Note gad an Borrower shall promptly pay when date the
<br />!. F"6 fer Tt� 4" Mmes' SubjtCt to Y PreP+rYment and late charges due under the Not.
<br />On the day month Applicable n or to a written waiver by Lender,
<br />twelfth *f' (a) YA+itIY taxes es are due under the Note, untU the Note is paid in full, a atop ('•Fro shdtY to
<br />Payments rx tpoud rents on the auserdtatq which' may attain priority over this Security Inatrutnent �•) eq to one.
<br />PaAt)utm, `if any. Property, if AriY; !c) Yearly hazard insurance ' (b) Yearly Mold
<br />And Y Thee keno are card ,-ego, item,." Leader may estimate premiums; iFu� due on the yfasb o mortgage current data
<br />raaonabk estimates of future escrow items.
<br />The (rocs shall a held is an Institution the deposits or accounts of which are Insured or guaranteed by a federal or
<br />mate Agency t charge (e foring Lender if Leader is e F n institution). Lender shall apply the Funds to pay the escrow items. Lender
<br />may not charge for holding and applying the Fonda, analyzing the account or verifying the escrow items, unless Lender pays
<br />Borrower interest on the Funds and applicable law Permits Lender to make such a charge. Borrower and Lender may
<br />writing that interest shall be paid on the Funds. Unless An agreement is made or
<br />Lender shah not be required to Y agree in
<br />pay Borrower any interest or earnings on the Funds. applicable (shall give o Borrower, lwithhoouut
<br />charge. an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to
<br />the Funds was made. The Funds we pledged as additional security for the sums secured by this Security Instrument.
<br />If the amount of the Funds held by Lender, together with the future month! of Funs payable prior to
<br />due dates of the escrow items, shall exceed the Amount required to pay the escrow temsewhen due, the excess hall be, the
<br />Borrower's option, either promptly repaid to Borrower or credited on monthly payments of Funds. If the amount of the
<br />Flyds held by Lender not sufficient to pay the escrow items when due, Borrower shall ecessary to make up the deficiency in one or more payments as required by Lender.
<br />necessary Pay to (ender an
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower amount
<br />Upon
<br />by Lender. If ode paragraph 19 the Property is sold or acquired by Lender, Lender shall apply, no later than
<br />Y Prior to the sale 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. paragraphs 1dAahaiit applied: meats. Unless aPPlicable law provides otherwise, all payments received by Lender under
<br />Note; third, to amounts Payable under Bat' to late charges due under the Note; second, to prepayment charges due ode the
<br />Payable under Paragraph 2; fourth, se interest due; and last, to principal due.
<br />4• l LkAS. Borrower shall pay all taxes,
<br />Property which may attain assessments, charges, fines and impositions attributable to the
<br />priority over this Security Instrument, and leasehold Payments or ground rents, if any. Borrower
<br />shall Pay these the peiona in the manner provided in paragraph 2, or if not paid in that manner, Borrower shall
<br />time directly to the .person owed payment Borrower shall promptly furnish to Lender all notices of amounts to be paid under on
<br />this paragraph. If Borrower makes these Pay them err
<br />Payments payments directly, Borrower shall promptly furnish to Lender receipts evidencing the
<br />Borrower shall Promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees
<br />in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender;
<br />the lien 6y, or defends Against enforcement of the lien in,
<br />the enforcement legal Proceedings which in the Lender's opinion operate is m good faith
<br />ement of the lien i forfeiture oe any pan of the Property; or (c) secures from the holder of the Hen an a prevent
<br />satisfactory to Ledo subordinating the lien e° this Security Instrument. If Lender determines that an
<br />subject o a Mrn .which may attain agreement
<br />Man. Borrower afaa;ll priority one this Security instrument' ma Y part of the Property is
<br />satisfy the lien or take one or more of the Actions set forth above within 10 days of the giving of notice
<br />' S' RAtArr! MAAtaee. Borrower shall keep the inn
<br />agaigat bas by fire. hmes. included within the t Provemeats now existing or berafter eemad on the Pr
<br />iasurat to This ' term "extended coverage" and any other h property insured
<br />Insurance shall be maintained in the amounts and for the azards for which Lender requires
<br />Providing the insurance shall be chosen by Borrower sub ea to Lender's pp loch that Lender requires. The insurarntt carrier
<br />sFall have i insurance Policies and renewals shall be acceptable to Lender sndshall inc include Bhal not be unreasonably withheld.
<br />right o bold the policies and renewals. If Lender requires, Borrower shall standard mortgage clause. Lender
<br />Of Paid Premiums and renewal notices In the event of loss. Borrower Promptly give to Lender all receipts
<br />Leader. Lender may make proof of loss if not made shall give prompt notice to the insurance carne sated
<br />Unless Lender and Borrower otherwise Promptly by Borrower.
<br />the Property damaged, it the restoration or repair in writing, insurance Proceeds shall be applied to restoration or repair of
<br />restoration or repair is not economically air is economically feasible and Lender's omicall feasible or Lender's security would be lessened, the terms If the
<br />Applied to the sum secured by this Security Instrument, whether or not then due, with en
<br />Borrower Abandons the Pr P proceeds shall be
<br />Offered to settle a claim. then or does not answer within 30 days a notitt from . Lender thatcthe paid
<br />insurancee carrierrhas
<br />hen Lender may collect the insurance proceeds. Leder may use the proceeds to r
<br />the Property or to Pay sums secured by this Security Instrument, whether or not then due. The 30-da
<br />the take is given. epair or re hen
<br />Y Period will begin when
<br />pom the d date of cf�moncr otherwise Agree in writing, any application of proceeds to principal shall not extend or
<br />uder Paragraph 19 the Pr Y Payments referred to in paragraphs 1 and 2 or change the amount of the
<br />°Deny is acquired by Lender, Borrower's right to any insurance Payments. If
<br />flan datwye to the Property Prior to the acquisition shall Policies and proceeds resulting
<br />ln" -m*m immediately Prior to the acquisition. PASS 10 Lender to the extent of the sums secured by this Security
<br />the �O Yr� � Y�to M" of Proport omrtu��. IBorrs wer shalllnstrdmenty, a a leasehold, Burr
<br />coAnpiy with t Provisions of the age se old, orrow change
<br />merge unless Leader lease, er i if Borrower acquires fee tick to the Property, the leasehold and fee title wen shall
<br />7• irrAlseNAA agrees to the merger in writing, shell not
<br />a�eMAeAts coataittsd is t�•s eta M the Property; Mertpga IMtiraAce. If Borrower fails to
<br />Security lamtument, or there is a legal proceeding that ma si frcantl� affect he covenants and
<br />the ProPAnY (such as a proceeding in bgnkru Y gni
<br />say ib and !»Y for ptcy. Probate, for condemnation or to enforce laws err rc ffe tion nder ssnrigende
<br />makins
<br />ray IAClude PAYiag any su rto basclien which hauthe Property and Leder's rights in the Pro the value of PAYit� t onabk Attorney's fees and secui Priority over this Security Instrument, a Deny Lender's
<br />paragraph 7 Uder doer have to don�on Properly to make repairs. Althou h DPeAring in court,
<br />Y amounts disbursed b t Lender may take action under this
<br />additioAd debt of Borrower secured by this Security Instrument. Unless Borrower ander i.this Paragraph 7 sh
<br />paYrivat, these amounts shall bear interest from the date of disbursement at the Note rate and shall be payable, withl err co
<br />upon notice fran ,tree to other terms of
<br />Lender to Borrower requeatint payment.
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