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<br />U%'W MMC(VA,T_ AVM BOrowtr Std LradeTc tN cnanl and Agre-t''. As fnilnw'S
<br />;. tsf. iaGi)riad m heed Loft m. Bormikcr shall pTompi];: pay w'her, out
<br />• andlai- berg -S dueandeTxhe Olt
<br />toeptmeipsltfandmirrest n11wdet rideac cdt> y23e 'MndanyprlaYn- r
<br />2. �� � Stad t toAppi 0At)Ie jaw° or toe written waiver by Lender. Borrower ;hall pas
<br />in full, sum t. Fand ; ezival to
<br />to Leader t1ir day tmonWy payinentsarr due under the Note, until the NOW is Twd a
<br />-cin
<br />�t of {a) yearly tercet. and is which meal, attain priorta over this Security Instrument: tb yzariy
<br />kmfthald payments or Tround vain on the Preiperty, if any; (r) ycarla hazard Insurance premiums; and 1dt yearly
<br />mortpW ;insurance {ar in urms, if arty. Tl tse hums are: ailed "escrow items... Lender Ina] esumatr the Fund, due nr, the
<br />ilfam pfzurf SN dataand .csun arcs ahffuture escrow items.
<br />are iRGUred OT guaranteed tit «federal 07'
<br />TIC Fimids Shia]] fee heck] in an tnwitiat4an the deposit- ar AccounIS n1 wfiach
<br />Swe y (Mcluding Leader if Lamer is sAtch art institution i. Lzaticr shall app]) Cite Funds to pa) ?fie escrow aims
<br />isesdeT mukN mot chaTw for hokbug and aMlying the Funds. analy=l! the account or venf ing the escrow' items. unlesti
<br />Lien derpays Borrower interest on Cite FumdS and applicable law pemits Lender to tnalct such a charge Borrower and
<br />Lender may Agree m writing that interest shall be paid or the Funds. finless an agrrcm^ni is made oT applicable law
<br />Taqumxs interest to be paid, Lender.sh,all not b- tsquirrd To Tay Borrower any rot rest oT earninfz.. it The Funds Lender
<br />diu, debits to the Fund, and the
<br />diall givr to$orrowcr, withoutziliarftt, an annual accounting of the Fundy slinwing 7'r: and
<br />;purpose for which rash delml to the Funds was rnazie. The Funds--re pledged as additi anal secant} for the sums + cured h\
<br />thisSecurity Instrument.
<br />If the amount of the Funds held by Lender. Together with :the future In entilh payments of Funds pavanle prior t
<br />the due dates of the escrow items, shall .txcer J tieamounT required to pay Inn esz—A items when due, the excess shall be.
<br />alt Borrowers option, titherpramptly repaid t0 Borrower or reedited to Borrower on mnnthiy payments of Funds. if the
<br />amount of the Funds held to Lender is not su$tcient to pay the escrow items w -hen due. Borrower sit ? I pay to L.tndrr an
<br />:amount sarcessars to makr Lip the drii -iency m one or more payments as required r% Lender .
<br />flpan payment in full of-all scums secured by this Secunn Instrument. Lender shall promptly refund t( Bnrrnwer
<br />m Funds Meld b) Lender. if under paragraph 14 the Prcpeny Is sold or acuutred b) Lender. Lend -, seal l anpi\ no ]attT
<br />than immediately prior to Cite sale of the Property n7' ilt; acgw,itinn to Lender, any Funds held ny Lrnder at the time o:
<br />applicanon ass credit against thesurns secured bNI ihis.Security Instrument.
<br />3. A*Vjict#aan of pAVae n. finless applicable law provides otherwise, all paymeras received n) L cridr' :d17
<br />paragraphs 1 "arid :2 Shall tic-applied: Sirst, to law charges due under the N rite: Stcond, Io prepayment zharPts due u,16-- I11e
<br />]volt: third, to amounts payable under paragraph': fourth, to interest .due. and last, t o pr inctptii due.
<br />i. Lim. Borrower shall pay all taxes ass- ssmerlts..harses. tines and impnsitinns ate -li3u at) IC the
<br />Property which teen) attar pointy over this Securm Instrument. and ieacehnid paymen . nr :*round Teals 1 1ty.
<br />Borrower shall pay these obligations in the manner provided in paragraph ?, or if not paid in that marine-, B0:'rnw -1 Shall
<br />them on time directly to the person owed payment. Borrower shall prompti' furnish to Lenderall nrtices of amounts
<br />pay
<br />lobe paid under this paragraph. 11-Borrower makes these payments directh. Borrower shall prompt ,% furnish io Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discifarge any lien which has priority over thls Security Instrument unless Borrower. is
<br />Agrees in wriing To the payment of the obligation secured y the lien in a manner acceptable t r' Lender. (h) contest: in good
<br />faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the L>_ndeT s opinion (Ipc*afe tc:
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<br />the enforcement of the lien or forfeiture of any part of the Property: or ic) secures mtm the holder o f Tbe h-7' an
<br />prevent
<br />agreement satisfactory 170 Lender subordinating tine lien 10this- Security lnstrumeni. If Lender dettrmlhts -hilt art•: TIarI Ot
<br />;
<br />tine Proper' Is subject to alien which may attain priority m'er ibis Secunt} Instrum -tit, Lender may rlvr isn -row:
<br />notice identifying The lien. Borrower shall satisfy the lien or take one nrmort of the aCttons stn forth, above wiihip I i da%-
<br />of the giving of notict.
<br />3_ flazar'd latamac-e. Borrower shall kee11 the imp.I ov intents now Cxlcnni oT hereafter erected or. the PMPfrl I
<br />insuredagainsi loss by. itre, hazards lncluded within the term "ext -nded overage' tend am other narard, 1707' u n7 i! Lender
<br />requires insurance. This insurance shall be maintained in Tile amounts and fn- the per.nds that Lender req UIr_s Tile
<br />insurance carrier providing The Insurance shall be chosen by Borrower subrect 1c+ Lender's appTCna! w'hl:n shat not r_
<br />unrPa«xsbly w•itilheld.
<br />All insurance policies and rertewals shall be acceptable In Lender and Shall Inciudt standard nor- age :1a
<br />All
<br />Lender sh2111 have tint right to hold rile policies and renewals. If Lender requires. Borrower snail! prompt. g1 - to Lender
<br />all receipts ofpaid premiums and Tz ewal notices. In tier -vent of loss. Borrower shall give prompt nnf7_e 1,1 tot insurance
<br />carrier and Lender. Lender may matte proof of loss if not made prompti• by BOTTOWCT
<br />Unless Lender and Borrower otherwiseagree i7'. w•nnrs. insurance proceeds shall iie ar±phed 1 o rrsinrsl 0I 0, ten IT
<br />of the Property damaged, if the restoration or Tepali is tcOD ]call% f- asitile and Lenders srcunty Is no! lessened If the
<br />restoration OT repair IS MOT CCOnomically feasible Or Lender s securltt would be lessmed, 121e msaT37i�r pTOC - C� ,'2:111 t7''
<br />applied 10 the sums secured by ibis Securtn" Instrument, whether Or not then due. with ant excess paid to Borrower. Ii
<br />Borrower abandons the Property, or does not answrr within 30 days a nonce from Lender titan the insurance carrier Ila,
<br />offered to settle a churn. then Lender may rolleci the insurance proceeds. Lender ma} use the proceeds to T=111T OT rest ('Tr
<br />the Property or to ]nay sums secured by this Security Instrument. whether or not ihtn due. Tht• ,(t -dat period will beau
<br />w'hest the notice is given.
<br />Unless Lender and Borrower otherwtseagree in writing, anti application of proceeds it) pnncipai ShU1111101, extend OT
<br />postpone the due date of`the monthly payments referred to in paragraphs 1 and 2 Or changt the amnu a of the pati mrtlts. 11
<br />under paragraph 1 Q the Property is Acquired by Lender, Borrow'er's nghi to any insurance policies and pro:: -~ads resulimg
<br />from damage to the Property prior to the acquisition shall pays to Lender in the extent of the sans SC CTeC ill 7hIS SeCaT111
<br />Instrument rmmediawh, prior to the acquisition
<br />b, Preaervstw t =W Mail pace of 3'roperlh,, Leaadtsi is. Borrower dial] not drstrtn . damagt• ni subsianualiy
<br />change the Proper), allow the Property to deteriorate or commit waste If this Secunt\ Instrument 11 0n a lta,thoid.
<br />Borrower shall oomph with the provisions of the lease, and if liorrenver acquires fee• tole to rte Protr ny. the ieasehoid and
<br />fee title shall not merge unless Lender agrees to the nier_eer in writing
<br />1. Preseaiuo of L,enier,,.s Itigta w the Prgwny: Marcpage Insurance. if BOrrowtl fails in perform 211t
<br />covcwmtsand agreements contained in this Sccunty Instrument, n7' thert Ise ieral pttx:eedITtg that nia.N signiti antiy 4t3rci
<br />Lender's rights in it= Property (such a,, a proceeding in bankruptcy. probate f0-, 0Tkd- _MI1au(1n or 17' -MOT' e laws X
<br />regulations), thenLenderrna) doandpa) forwhairvei isnccrssan toproirc] iht aluT of thrProper � and Lendrr'srighis
<br />iii the F'.roperty. Leneim's actions ma) include paying am sums secured t7, a hen which rte!. pnor.t) m•cr tilts SCL :ur]T%
<br />instrument, appearing, in court. paying reasonatslt attornrys' fees and entering on tht PTOneTTN ti, malt-- repairk Alinougi:
<br />Lender may Take Action under Ih:ls paragraph 7). Lender does not ha 1't it, dry Sri
<br />Am amour7tsdlst+ urse d1111 Lender under Tim paragraph -shalitxcomtaddtttonaid.t>tc : "R we :r reuhlthil
<br />Security Instrument Unit—%'II IA0rr0WCr Mid Lender agree t0 tether ierrtf Of patim tit, th ., injillinjS +1 • aT r ter taut
<br />thr date of d116tlT4t -MCIII at iiit Note Tait. and \hall tic pa:anie. will) 111tertsl. 111"111 11, I,,, r ,^
<br />reyuesnnt: pav'mnii
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