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1. Payment of Principal and interest; Prepayment and Late Charges Bol-,ox%cr shall Plonlptl.% pal -.01cl, duc
<br />the principal of and ;nT esl On the debt e% ldcnsed he the oicinj am riL!pav ,cn I ,Ind 1,lle li i e, It undcr I he \ , ,,c,
<br />2. Funds for Taxes and Insurance. Borrower shall 11-n
<br />Uri lie \ote Is Paid pI full. a UJJJ (FLIndS) equal l"
<br />to Lender on ilic day monthly payments are due Irl&,- ',he a 111 Instrument, th) %Carl%
<br />one - twelfth of (a) yearly taxes and a,%c%,,tncnt, which Tila% -W-111 PT-lot'" user this Security
<br />leas reins on the Propert,�, if an%, 1c: yearly J1j,,,i!d Insurance premiums: alit', td) yearly
<br />mortgage leasehold payments or grround r re - TolA tern Lender rnay esurnate the Furid, Glue on tilt-
<br />rwrigage insurance prcmiums� if any, Th;-%c items a
<br />basis ofcurrent data and reasonable estimate. Offuton is escrow licirls.
<br />< �f hich are insured or guaranteed bN a federal or
<br />The Funds shall be held in An insi itution the dclx- is or Account- Z
<br />state agency (including Lender if Lender is such An in,ii!utioni. Lender er •
<br />'hall applN 1he Funds to pa) the escrow items
<br />. Lender may not charge for holding and applying the Funds.. analyzing the account Or %enfying the escrow items. unless
<br />Lender pays Borrower interest on the Funds and Applicable la-A: Permits Lender to make such a charge. B orrower And
<br />Lender may Agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br />requires interest it, he paid, Lender shall not be required it, pay RffTro%%er tin interest or earnings on the Funds. Lender
<br />shall give to Borro%er, without charge. all annual accounting of the Funds sIloN%rng credits and debits to the Funds and the
<br />sends are n wins secured by
<br />purpose for which each debit to the Funds was made, Tl-w I pledged addinonai security for the %
<br />this Security Instrument- the Tri future onahly Payments of Funds payable prior it,
<br />If the Amount of the Funds held by Lender, together %ti'll
<br />the due dates of the escrow items. shall exceed the amount required to pay the escrow items %%lien due, the exec%', shall be.
<br />at Borrower's Option. either promptly repaid to Borrower or credited to Borrower on rliontlil,, payments of Fund,. If the
<br />amount of the Funds held by Lender is not sufficient to pay the escrow items ul-ten due, Borrower shall pay to Lender any
<br />amount necessary to make up the deficiency in one or more payments as required by Lender.
<br />Upon payment in full of all sums secured by this Security Instrument. Lender shall promptly refund to 13orroNkcr
<br />-ecl Lender shall apple. no later
<br />any Funds held by Lender. If tinder Para Lender. an }' Funds held by Londe; At the Time If
<br />_graph 14 the Property is sold or acquired b,� Lender, Lc d
<br />than immediately pnor to the sale of the Property or its Acquisition by
<br />Application as a Credit against the sums secured by this Security Instrument-
<br />3. Application of Payments. Unless applicable law provides otherwise. All payments received by Lender under
<br />paragraphs I and 2,,hall be applied: first, to late charges due under the Note: second. It,• prepayment charges due under the
<br />Note: third, to amounts payable under paragraph 2; fourth, to interest due: and last, to principal due. attributable to the
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments. charges. lines and impositions
<br />Property which may attain priority aver this Security Instrument, and ' leasehold payments or ground rents. if Any.
<br />or if d in that manner. Borrower shall
<br />Borrower shall pay these obligations. in the manner provided in paragraph 2 not pal
<br />pay them on time directly to the person owed payment. Borrower shall promptly furnish io Lender all notice,, of amounts
<br />Lender
<br />to be paid under this paragraph. If Borrower makes these payments directly. Borrower shall promptly furnish it,
<br />receipts evidencing the payments.
<br />Borrower shall prompt],, discharge any lien which has prionts over this Security Instrument unless Borrower: 01
<br />agrees in venting to the payment of the obligation secured by the lien in a manner acceptable able to Lender; 1b)contests in good
<br />faith the lien by, or defends against enforcement of the lien in. ;etal proceedings which in the I-endet-',, opinion operate 10
<br />prevent the enforcement of the lien Or forfeiture of any part of the Property: or (c) secures f Tom The holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien io this Security ltistrurnenl. If Lender determines that all , N pall of
<br />a
<br />the Property is subject to a lien which may . attain PTIOT11% over this Sccuniy hisirurnew. Lender maw p%c Borrower .I
<br />I01IJI :lho%e kvihni Ill da\s
<br />notice identifying the lien. Borrower shall satisfy the lien or take line (IT more of the it,tions set
<br />of the giving of notice.
<br />S. Hazard Insurance. Borrower shall keep The improvements now exisirna er hereafter erected or. the Property
<br />insured against loss by fire, hazards Included within the term **extended coverage• and any other hazards for which Lender
<br />for Tile JICTILICIS that Lender require-s. The
<br />requires insurance. flits insurance shall be maintained in the amouraN. and ,
<br />insurance carrier providing the insurance shall bt chosen by Borrower subject to Lender's appr•-al which shall not be
<br />unreasonably withheld, standard mortgage clailow
<br />All insurance Policies and renewals shall he acceptable if' Lender arid hail include a giro It) Lender
<br />Lender shall have the right to hold the policies and renewals. If Lender requires, Borrower shall PrrTTl.Pll\ L
<br />all receipts of paid premiums arid renewal notices. In the event oflos,, Borrower shall p\c prompt notice to the insurance
<br />carrier and Lender. Lender may make proof 0floss "Dot made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance pr(iceed%,hali be Applied to re,,Ioralloil or repair
<br />of the Property damaged, if the restoration or repair is economically feasible and Lender', security is not lessened. If the
<br />restoration or repair is not economically feasible or Lender's security would be lessened, the insurance Proceeds hall he
<br />applied to the sums secured by this Se., I unty Instrument, whether Or not then due, with any I excess Paid to Borrower. If
<br />Borrower abandons the Property, or does not answer within ,o days a notice trorn Lender that the insurance carrier has
<br />offered to settle a claim, then Lender may collect the insurance proceeds. Lender may use the proceeds lit repair or restore
<br />may Security Instrument. whether or - rood will begin
<br />the Property or to pay sums secured by not then due. The +0 -day p
<br />when the notice is given. application of proceed, to principal shall not extend or
<br />Unless Lender and Borrower otherwise agree in writing, any
<br />posil-Airic the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of the patmeril, If
<br />under paragraph 19 the Property is acquired by Lender. Borrower's Tight to any insurance policies and proceeds rc,uill[IL
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extent rd the %urn% secured by this Security
<br />Instrument immediately prior it) the acquisition.
<br />6. Preservation and Maintenance of Property Leaseholds. Borrower shal! ntil destroy. damage or uhsl:!nli;Jk
<br />If IIIIS SCLUTI!N Ins1runIC111 :s "11
<br />change the Properly. allow the Property 1,1 deteriorate or t:ornrnii waste he leasehold and
<br />Borrower shall comply ;%I!ll [Ile provisions of the lease, arid if Borrower acquires fee title io the l'roperiy. t
<br />fee title shall not merge ut,.It%s Lender agrees to tile merger in writing
<br />7. protection of Lender's Rights in the Property. Mortgage Insurance. if Borrower fail, to !,cTf1rTn 01c
<br />covenant, and agreerricil!, conlavied in this Security Instrument. or there is a legal proceeding that may %igilifi,a!Wk AtIC11
<br />Lender's rights in the PT0PeTl% I (such as a procm ing in hankruPT0. Probate. ,-(it condernnallon of Ill I "T
<br />regulatlow,). then Lender nia% do and pas for whatever is riet:es,,a no Protect ille %diucofthe Prof sty Ind I CliticT il-01'
<br />LITCd b% :I 11CII %%hW' JI.,J, FqJ,1lJtN SCLU11I
<br />in the Ptoperty actions may include paying any surns sec n
<br />Instrument. appearing ill -ourt pacing reasonable attorneys fee%alld clitcrITIC I"t the Pr'lller!y "Jkc rcr`lr� %;tl ich
<br />bender lake aclroll under this paragraph 7. Leader does not ha%e lodos"
<br />Nnk amoulitsd solvsccli)% I,cnder under thi pair air ph shall tie ,onwad,!.
<br />SeLurw. Instrument f. ii!(" Boryo-Act and I ciidt!i avice ni,illicr icrrn, 1 -a-1vill. WW ;01, J!,11� I'C'11 o:n
<br />the dalc %il 0,,hur,cnl,•nt .4! Ill"r -�oc and 0.111 IL,2 171
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