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$6-� 100713 LNwt:mm Co%vNA*. Borrower and Lender txweacant >sui aver as fi+Ilaws: L Paymae of F iaeiiial si i>aerest PrgaytKw ad Lse CbWWL Borrower shall lramtpity pay when due the principal ofaad interest on thed bt evidenced by the Note and any prepayment and late charges dire uncle —he `ote- 2.. Foiurafar7imearidIwwraK. Subject to applicable law or to it written waiver by Leader, Bor7owrr shall pay IoLeaderen the 4sy minnib y payments lit due under the Note. 'until the Nate is pad in flirt. a sum �- Fund5 ) equal tai ... one- -sift 'of: Is) )'may ism and asse amsesms winch may, attain pnoraty over thus Security Instrument. I yearly k*NCWid pgVKNM or ground tsars an the property. if any, (c) yearly bawd insurtincle premiums- and id) yearly ttonSW insmcismae prtaaitmas ifany- Thew item are caBenf "escrow items." easier may estimate the Funds dire on the basis aft data imd remenable camintes, dtfutweescrow items. The funds, be bead an an insfination the deposits or accounts of wbwb are insured or guaranteed by a federal or taste Mooney Oncliwft if Lender a such an jastaution). Lender shall apply the Funds to pay the escrow items Lands may am cbwgc far and applying the Foods. analyzing the awoatn or verdi =g the escrow items. unless Leader pays Borrower swerest an the Funds and applicable law pumas Lender to shake such a charge. Borrower and Lender may agree ,in writing that interest shall be paid to the Funds. Unless an agreement is made or applicable law requires ink to be paid. Lender shall to be required to pay Borrower any interest: or earnings on the Funds- Lender shall give so Harrower. without charge, am menu al accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the Fimds was made. The Fonds are pledged as additional security for the sums secured b3 this Security Instrument_ If the amount of the Funds held by Leader, together -whit the future monthly payments of Funds payable prior to site due dates of the escrow items, shall exceed she amount required to pay the escrow steams when due, the excess snail be- n Borrower's option, ember promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the amount of the Funds held by Lender -is nix sufficient to pay the escrow items when due, Borrower shall pay to Lender ant amrorimt nay to make tip the defiCiency'in one or more payments as required by Lender_ Upon payment in full of slims secured by Iles Security Instrument. Lender shall promptly re and to Borrower any Funds held by Lender. if under paragraph 19 the Property is sold or acquired by Larder. Lender shall apply. no late- than im edwely prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of applicationasactedit agai:tst the sums secured by this Security Instrument 3. Apllicatios of Paymeats. Unless applicable law provides otherwise, all pay means received by Lender under paragraphs I and 3 shall be applied: fim to late charges due under the Note; second, to prepayment charges due under ti- Nme: ibird, to amounts paysiiie utnda paragraph 2; fourth, to interest due; and last, to principal due_ .S, Cltofvs; I ions. Harrower shall pay all taxes. assessimeoM char isY fines and unposltnons. artnbutable .t, the Property which may artaim priority over this Security instrument, and leasehold payments or ground reras, if an3 Borrower shall pay these obUgations in the mariner provided in paragraph 2, or if mat paid in that manner, Borrower shall M them on time directly to the person cawed payment- Borrower shall promptly furnish to Lender all notices of amounts to be paid under this paragra* If Borrower makes these payments directly. Harrower shall promptia furnish to Lender —pis -idencing the payments- Borrower shall proaWily discharge any hen which has priority over this Security Instrument unless Borower (a agrees in writing to the payment of the obligation secured by she lien in a manner acceptable to Lender, fb) contests m good faith the lien by, or defends against enfercement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the anforeemcw of the lien or forfeiture of any part of the Property; err (c) secures from the holder of the lien an ti agrttmnt salmbictiry to Leader subordinating the lief to this Security Instrument if Lender determines that any pan of the Proper* is subject to alien which imay attaat priority over this Security LnstrtmtetiL Lender ina\ gjve Gorr %CT a nonce jdentifadng the lien_ Borrower shall satisfy the lien or take one or more of the actions set forth above within 1+3 days of tbe givtmg of notice. S. hazard losaranee. Borrower shall keep the improvements now exsstsng or hereafter erected on the Property ` insured against loss by fat, hazards included s-itlim the terra "extended coverage' and any other hazards for w hich lender \ j requires insurance. This insurance shall be maintained in the amounts and for the peiods that Lender requires The insurance carrier pro"ding the insurance shall be chosen by Borrower subiect to Lenders approval which shall not It `< unreasorsaily withheld. All insurance policies and renewals stall be acceptable to Lender and shall include a standard mortgage -63use Lender shall have the right to hold the policies and renewals. If Lender requires, Borrower snail promptly give *.o Lender all receipts of paid premiums and renewal notices. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender unity snake proorof loss if nix tirade promptly by Borrower. Unless Lender and Borrower otlicrw•ise agree in writing. insurance proceeds shall be applied to restoration or repair of the Property damaged. if the restoration or rcpar is economically feasible and lender's security is na lessened. If the restoration or repair is not a oitoatically 1' =ble or lender's security would be lessened, the nisurance pr>L -cods shall be applied to the sums secured by this Security Instrument, whether or not then due, with any excess pad to Borrower. If Borrower abandons the Propene, or does not answer within 39 days a notice from Lender that the insurance caner has offered to settle a claim, then Lender may collect the insurance process. Lender nay, use she proceeds to repair or restore she Property or to pay sums secured by this Security Instrument. witether or mot then due. The 30-dav period will begin is-hen the notice is given. Unless Lender mW Borrower otherwise agree in writing. any application ofproceeds to principal shall not extend or postpone the due date of the monthly payments referred to in paragraphs 1 and 3 or change the amount of the payments 3 f under paragraph 19 the Property is acquired by Lender. Borrowers right to any insurance policies and proceeds resulting from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured t» this Secuntt Imstrunsent immediately prior to the acquisition. i. P eserwation ant Aiaiaa mmm of Property; Lnaeholtis. Borrower shall not destroy. damage or substant3all3 change the Property, allow the Proper*, w deteriorate or ,commit waste_ If this Security Instrument is on a leasehold. Borrower shall comply with the provisions orfthe lease. and if • Borrower acquires fee title to the Property, the leasehold and fee title shall not merge it Lander spies to the merger in writing. 7. protection of Larder's lights m the Property- Mortgage insorance. if Borrower fails to perform the cavanants and asreemeflts contained in this Security Instrument, or thine is a legal proceeding that may significantly affect Larder's rights in the Property (such as a proceeding in bankruptcy. probate, for condemnation Or to enforce laws or regulations). linen Under may do and pay for whatever is necessary to protect the value of the Property and Lender's nghts in the Property_ Lender's actions may include paying any stems secured by a lien which has priority Over ibis Security Instrument. appearing m court. paying rasonabie attorneys fees and entering on the Property to make rcpai rs Ahhough .ender may take action under this pirag7lph % Lender does not have to do so. Any amounts disbursed by Lender tinder this paragraph 7 shall become additional debt of Borrower secured b3 this Security Instrument Unless Borrower and Lender sorer to other terms of payment. these amounts shall bray ,merest from the date of disbursement at the gone rate and shall be payable, with interest, upon notice from Lender ter Barr, over requesting payment