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101412
<br />1. PSVWWM of principal and Interest: Prepayment and late Charges. lior7o,%er -,-rnp:
<br />the principal nfand interest on the debt evidenced h% 01".. 'Sot can l sn%
<br />�pjvrnent arltj late ,:jjanecj
<br />,lic Unje - jqc IT
<br />2- tufmk for Taxes sad Ins-vranm SubLtecl-, 1-A Or W 'I! ail cr n%
<br />in Lender tiro the day montlill, payments art due under me Norc, anti' the N-T-- is plId in fliall. a sLnrl i "Fun.1," s equal
<br />one twelfth of: (a) yearly taxes and assessmenis which may attain pmorn o,er :hit Securill In,truinerit, 0-
<br />lewichold tilityments or ground rents on the Profkrn3, if an% ic7 tics i% hazar-1 ;n,unin:c pi-ennuros antil ,di
<br />mortgage insurance premiums, if Ali%. These items are calied .1 escrow 11TCrns - Lender In a% eNtimalc iic Funds clia: 11l the
<br />basis ofcurrent data and reasairwhit estinwe: of future escrow item:.
<br />The Funds shall be held in an insututior the del-k-,&iisor accounts cif which are Insured; or pnaranietd by a federal
<br />state agency {including Lender ifIxtider is such an institution). Lender >hall appl.. the Fund, to ,Ijy the e,cr,,w nctllN-
<br />Lender may nits charge for holding and applying the Funds. ana.1% . zmg the account or vCnfvinu the escrow items. unless
<br />Lender pays Borrower interest on the Funds and applicable taw permits Lender io make such a, charge Borrower and
<br />Lender may agree in writing that interest shall be paid on the Funds Unless an agreement is made or applicable hv-%
<br />requires interest to be paid. Lender shall not he required to pay Borrower ail\ interest or earnings .111 the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing cretin, and debits to efts Fund, and the
<br />purpose for which each debt, to the Funds was made. The Funds are LJaod as additional SCCUrfl) for the SIJIra. 1CCIn"d by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly payment, trienti, A'Funds poor to
<br />the due dales of the escrow nems, shall exceed the amount TuqUIred 10 Day !UC CSCT0%% items when due- the C\Ce" '11311 he
<br />at Borrower'-., option, either promptly I repaid to Borrower or credited to Borrower on itionihIN payments of Fund, . If the
<br />amount of the Funds held by Lender Is not sufficient to pay the escrow' items when due, Borrowe-, Shall pay io Lender tail}
<br />amount necessary to make up the deficiency in one or more payments as required by . Lender-
<br />Upon payment in full of all Sum,, secured by I this Security Instrumeni, Lender shall promptly refund Io Borrower
<br />any Funds held by Lender. If tinder paragraph 19 the Property is sold or acquired h% Lender, Lender Shall apply. no later
<br />than immediately prior to the Sale of the Property lit its acquisition by Lender. any I- unds held by Lender at the time M
<br />application asa credit against tile sums secured by this Secunty Instrument
<br />3. Application of Payments. Unless applicable law provides otherwise, all payment, received by Lender tinder
<br />paragraphs I and 2 shall be applied: first, in laic charges due under the Note: Second, to prepayment charges due iIrldLr the
<br />Nom third, in amounts payabie under paragraph -7; fourth, to interest due: and last. to principal due.
<br />4. Charges, Liens. Borrower shall pay- all taxes, assessments. charges. fines and Impositions attributable to the
<br />Property which may attain pnoniv over this Security Instrument, and leasehold payments Or UOUIld rents. if anN.
<br />Borrower shall pay these obligations in the manner provided in paragraph :. or if not paid in that manner. Borrower shall
<br />pay them on time directly to the person owed payment. Borrower shall promptl ' . furnish to Lender all nofi,:eS of amounts
<br />to be paid under this paragraph. If Borrower makes these payments directly. Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priornN over this Security Instrument unless Borrower: (Li)
<br />agrees in writing in the payment of the obligation secured by the lien in a manner acceptable to Lender: (b; contests in good
<br />faith the lien h), or defends against enforcement of the lien in, legal proceeding:: which in the Lender's opinion operate io
<br />prevent the enforcement of the lien or forfeiture of any part of the Property; or (c) secures from the holder of *,ht lien an -
<br />agreement satisfactory to Lendel'subordinating the lien to this Security Instrument. VI-ender deter-mines that an% part or
<br />the Property is subiect to a lien which may attain priorm over this Securfly Instrument. Lender ni.i) 2i% c Borrow V-
<br />notice Identifying the lien. Borrower shall S-iisfv the lien or take one or more of the action., e: !orzh oboe t within 10 G`L%
<br />of the giving of notice.
<br />B. Hazard Insurance. Borrower shall keep the anproNerrilmis now existing or hereafter erected on the Properl%
<br />insured against loss by fire, hazards included within the term *'extended coverage" and an% other hazards for which Lender
<br />requires Insurance- This insurance shall be maintained in the amounts and for the period,, that Lender require-,. The
<br />insurance carrier providing the insurance shall he chosen by Hort-g-mer Subject 10 Lender's apnT0%J.1 which shall not he
<br />unreasonably withheld.
<br />All insurance policies and renewals shall he acceptable to Lender and shall include a Standard mortgage clause
<br />Lender shall have the right to hold the politics and renewals If Lender requires. Borrower shall promptly give to I-Lildtar
<br />all receipts of paid premiums and renewal notices In the event of loss, Borrower ,hall rile prompt nonce io tile insurance
<br />carrier and Lender. Lender may make proof ol'loss if not made promptly by I Borrower
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds Shall be applied 10 restoration or repair
<br />of the Property damaged. if the restoration or repair is economically feasible and Lender's securn% is not lessened. If the
<br />restoration or repair is not economically feasible or Lender's Security would he lessened, the insurance proceed, shall be
<br />applied to the sums secured by this Security Instrument. whether or not then due, with any excess paid to Borrower. 13'
<br />Borrower abandon,. the Property, or riot answer within 30 days a notice from Lender that the insurance carrier has
<br />offered to Settle a Claim, Ther. Lender may collect the insurance proceeds. Lender ma: use the proceeds V) repair Or restore
<br />the Property Or to pay SLIMISWcured by this Securin Instrument. whether or not then Line The 10-da% period will hegin
<br />when the notice is given.
<br />Unless I-crider and Borrower otherwise agree lit writing
<br />any application of proceed, to principal shall not extend or
<br />ptystpone the due date of the monthly payment,, referred to in paragraphs I and ter change the amount of the pjyrricw If
<br />under paragraph 14 tire Property is acquired by Lender. Borrower's right to any insurance policies and pro,:ueds
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums sccurccl h% this Secut nN
<br />Instrument immediately . prior to the acquisition_
<br />6. Preservation and Maintenance of Property: Leaseholds. Hornmer shall not deN-ro%. darnU2C0! Sllh,lanilall%
<br />change the 1'roperry. allow the I'TLTCrIN it, deteriorate (17 COMMI! 'Aalle 11 11711, SC,DTHN
<br />Borrower siwllcompiy unh the provision, of the lease. and ifliorroutf-, acquires lev title I,, the 1'rorcrl,- 111. leasehold and
<br />fee title shall 11411 merge unless Lender LIPTIf" to the merger in writing
<br />7. Protecti". of Levider's Rights in the Property. MortMe Insurance. V Rmo%kcT falls to perform :hc
<br />covenanis and agreement, contained in ih;,-, Security Instrunicni, or there is a lega! pTocctunig !inn liml wnlilfi:oui h
<br />1-tridel"'s rights In The 11TOperty isuch HS U Proceeding in ballkrllplt-c. probate, tzar of Lil,,oi
<br />reguimions), then Lender nia% do and pay fk)r whatever i,necessary ioproirci ihk -ka!ut: tO ifirf'rolicril and It-ndc:
<br />in the Pi-ollerit. Lender's actions may Include payinj, any utIIS W1JI1Vd M alien "hILIi has poe r!7t ,,cT ilo, Se,t-tic
<br />Instturnew. appearing in court. paying TV4SOTiablcanorney ' fee, and enlCrMg 'I!: the I'Tol,cr!% i, ni.ikt rel Olwiwti
<br />!_sender may iakvaL:tion under thioparagrapt -, Lender doe, not bakv to do So
<br />anti anloulll� disbursed r," Lii-nd-T Under fill' raTJPTJj1l1 - Olaf! t't-L �Idd!11-71,1 J "T t h r N 1. t iJ t
<br />Serail t Inst umuu. ! 'e+.. iMiin w,., ;:nil antler It:Tec 1- i'll1ey T•rill, 1 ;,Jn Tilll.! JT:W,iw,
<br />lilt dar" Ii jfI1hUrW;nt!11I Ar the 's !I!. fd -. 1111d hjH
<br />'r(JW,'S1M.V ;MInIt711t
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