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87-- 162736
<br />NYkt et�t PANTS. Borrower and Under covenant And agree as follows;
<br />the principal ofand inter ' L'reMYt� Borrower shall promptly and Z F idenced by the Note and an P P Y r t when due
<br />ktNe gat' Tint tact! Lawn sac Y prepayment and late charger due under the Note,
<br />In Lender on the day monthly pct to applicable law or to a written waiver by bender, Borrower shall pay
<br />i car- tweSth a paytttents are due under the Note, until the Note is paid in full, a sum (' "Funds"
<br />leasclittilei () yearly tsues and which may attain priority over this Security Instrument to
<br />Payments or ground rents on the Pr () yearly
<br />Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />basis ofcurrent data ailed . rents matte items are calf "escrow items." Lender may estimate the Funds due on the
<br />The Funds shall be held in an iinnstituuon the deposits items.
<br />teals (Ii�1W posits or accounts of which are insured or guaranteed by a federal or
<br />rig Lender if Lender is such an institution). Lender shall apply the Funds to pay
<br />Lender �Y nor charge for interest on and applying the Funds, analyzing the account or verifying the escrow escrow ems, unless
<br />pays agree in interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br />squire may agntiie in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br />requite ink €rest to be !raid, Lender sl I not be required to
<br />gall give la Borrower' without charge, an annual accounting of
<br />the Funds showing credits and debits tot he Funds a Lender
<br />this See for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by
<br />this Security Irstrument.
<br />the
<br />If the of the escrow items shall! exceed the amount required to payrthc escrow items
<br />at monthly payments of Funds payable prior e,
<br />s Option ' either promptly repaid to Borrower or credited to Borrower on monthly p due' the excess shall be,
<br />amount of the Funds held by Lender is not sufiiclent to Y Payments of Funds. if the
<br />Amount necessary to make up the deficiency in one or more Payments as required by e, Borrower shall pay to Lender any
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower
<br />any Fume iat by Linder. If e under paragraph rt the Property is sold or acquired by Lender, Lender shall apply, no later
<br />than immediately prior to the sal of the Property or its acquisition by Lender, any Funds held by Lender at the time of
<br />Application as a credit against the sums secured by this Security instrument.
<br />3, Mrr++eatim Of 1'aYmmts. Unless applicable law provides otherwise, all Payments received by Lender under
<br />Paragraphs t and 2 shall be applied: Brat, to late charges due under the Note; second, to prepayment
<br />Nokc; third, to amounts Payable under paragraph 2; fourth. to interest due; and last, to principal due. charges due under the
<br />4, CbsrM Liam Borrower shall Pay all taxes, assessments, charges, fines and imposition
<br />Property which may attain ps attributable to the
<br />nonty over this Security Instrument, and leasehold
<br />Borrower shall pay these Obligations in the manner provided in paragraph 2, or if not paid in that manner, Borrower shall
<br />Pay then at time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />robe paid under this paragraph. If Borrower makes thes
<br />receipts evidencing the Payments, e payments directly, Borrower shall promptly furnish to Lender
<br />Borrower shall Promptly discharge any lien which has pnonty over this Security Instrument unless Borrower: (a)
<br />agrees a writing to the Payment of the obligation secured by the hen 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 which in he Lender's opinion to
<br />Prevent the enforcement of the lien or forfeiture of any 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. [f Lender determines that any part n
<br />the Property is subject to a lien which may attain priority over this Security Instrument, Lender
<br />may tutee identifying nS ot the lien. Burrower shag satisfy he lien or take one or more of the actions set forth aboveeiwith Borrower
<br />10 days
<br />o!'the giving of notice.
<br />S• Nwra Lam. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against bas by fire, hazards included within the term "extended coverage" and any other hazards for which Lender
<br />requires insurance. 7h insurance shall he 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 />Leader All Msurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br />ender
<br />all shall have p the right to hold the policies and renewals. If Lender requires, Borrower shall promptly give to Lender
<br />r+Ptx aid premiums and renewal notices. in the event of loss. Borrower shall give prompt notice to the insurance
<br />carrier and Lender. Lender may make proofuf loss if not made promptly by Borrower.
<br />Unless Lender and Borrower
<br />rest rtiootherwise agree in writing, insurance proceeds shall be applied to restoration or repair
<br />re the Property damaged, if the micaayon or repair is economically feasible and Lenders security is not lessened. If the
<br />Applied restoration or repair is tux economically feasible or Lender's security would he lessened, the insurance proceeds shall he
<br />to the sums secured by this Security Instrument, whether or not then due, with any excess p
<br />Borrower the Property, or does not answer within 30 days a notice aid to Borrower. if
<br />from [.ender that the insurance carrier has
<br />to settk a claim, then Lender may collect the insurance proceeds. Lender may use
<br />the Property or to pay sums secured by t the proceeds to repair or restore
<br />his security Instrument, whether or not then due. The 30 -day when the mice is given. y
<br />Y period will begin
<br />Unless Lender and Btxrower otherwise agree in writing, any application of Proceeds to principal shall not extend or
<br />postpone the due date a the property s a quired y referred to in paragraphs 1 and 2 or change the amount of the payments. 11,
<br />iii 16 he Property is acquired by Lender, Borrower's right to any insurance policies and Proceeds resulting
<br />frorn damage to the property prior w the acquisition shall pass to Lender to the extent of the sums secured by this Security
<br />Instrument immediately Pry to 1 he acquisition
<br />6. ftOW18111011i and Maintenance of
<br />change Ilte Property, eland the P PrWro' L'efthO1&' Borrower shall not destroy, damage or substantially,
<br />BOrroweram"c Property to deteriorate or commit waste. If his Security Instrument is on a leasehold,
<br />fartiek txnply with the Pmvisiona ufthe lease, and if Borrower acquires fee title to the Property, the leasehold aril
<br />nix merge unless Lender agrees to the merger in writing.
<br />'' of Dar's RION in t�
<br />L'fOPertYi A'LortRaR! latturatsce. If Borrower fails to is sibntxcc>tttained in his Security Instrument, or there is a legal proceeding that may significantly affect
<br />Lender's rights in the P perform he
<br />Property (such as a Proceeding in bankruptcy, pmhatc, for arndemnahtrrr or to enforce laws or
<br />le The Properly' )" then L tattler may and pay for whatever is necessary to protect the value of the. property anti Lender's rights
<br />Instrument, nt, ap Lender's acticais may include paying any sums secured by it lien which has priority over this Security
<br />L rig in court. paying reasonable attorneys' fees and entering on file I roperty to make repair% Ahhough
<br />May take actioe under this Paragraph 7, Lender does not have to do so.
<br />Arty amounts divibursed by Lender under this paragraph 7 shall become additional debt of 13ormwer secured by this
<br />security tn+uruinint. Ljnles, Bixrcndrr and Lender agree to other rerma of payment, these amounts shall hear intern from
<br />req date e t al the Note rate arc! shall he payable, with tnterest, uptm nolirc Irom Lender to Nornewer
<br />requesting payment
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