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$s 102581
<br />L`' ll'ORM C0v L\ A%Is Borrower and Lender c+olenant and agree as iollow %,
<br />I- Payment of Principal and Interest. Prepayment and ].are ('barges. l rower si,all pr,mpth p av witcu chic
<br />the principal of and interest on rhedeht evidenced by •he \ateand any • t •cnacrnent pci laic vhar cs sue uncle the \,. >te
<br />2. Funds for Taxes and Insurance. Sits cYt ant applicable lace ,,r tt; a written w;uv cr h•, Lender. Horrou vr,hail p;ir
<br />to Lenderon tiro_ clay monthly payments are due under the late. until the Note is paid in full. to cum t" 1 unds "t equal ao
<br />one-twelfth of ta) yearly lases and assessments which may attaut priority o,cr this Security Instrtuncnj; (h) � -early
<br />leasehold payment+ or ground rents on th= Property, if any: (c; yearly hazard insurance preniiurns; and ids acarlr
<br />mortgage insurance' premiums, if any, These items are called "eticrcrw item;." Lender roar estimate the Fmids due on the
<br />basis of currrnr data and reasonable estimates of future escrow items.
<br />The Funds shall be held in air institution the depnsvts or accounts of which are insured or guaranteed by :i federal or
<br />state agency fineluding Lender if Lender is such an institution) Lender shall apply the Funds m pay tite escrow items.
<br />Lender may riot charge for holding and applving the Funds, anahzrng the account or verifying the escrow items, unlchs
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br />Lender may agree in writing that interest shall he paid on the Funds Unless an agreement is made or applicable lace
<br />requires interest to he paid. Lender shall not he required to pay fi.,r,-ruer any mrcrest or earl rigs on s Lender
<br />Fund. rnder
<br />shall give to Borrower, without charge, an annual aceounrmg of the Funds showing credits and debits to the Funds and the
<br />Purpose for which each debit to the Funds was made. The Funds are pledged es ar}ditumal scum% for the sum, secured ),v
<br />thisSecuruv instrument.
<br />If the amount of the Funds held by Lender. together with the future monthly payments of Fund payable prior to
<br />the due dates of the escrow items, shall exceed the amount required to pas the escmu itenis wirers due, t fie i xu s5 shall be.
<br />at Borrower %ription. either promptly repaid to Borrower or credited to Borrower on nunuhh payments of funds If the
<br />amount of the Funds held by lender is not sufficient to pay the. escrow items when due, Borrower .hall pay to Lcmict 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 Secunry Instrument, Lender ,hall prornptiy refund to Borrower
<br />any Funds held by Lender If render paragraph 19 the Property t, sold or acquired by Lender, (..cnder hall applv'. no later
<br />than immediately prior to the sate of the Property or its acquisition by [ender, any Funds held b% Lender at the time of
<br />application as a credit against the sums sccgred by this Security Instrument
<br />3. Application of Payments. Unless appltc:able taw provides otherwise, all payments reccocd b% Lender under
<br />paragraphs 1 and 2 shall he applied: first, to late chargers due under the Note: second. to prepayment charge's due under the
<br />Note: third, to amounts payable under paragraph 2; fourth, to interest vine: and last, io principal clue
<br />4. CuirRes; Liens. Borrower shalt pay all taxes, assessment,, charges, fines and impuxituins attributable to the
<br />Property which may attain priority over this Secunty Instrument, and leasehold payments or ground rents, if arc.
<br />Borrower shall pay these obligations lit the manner provided in paragraph or if riot paid ill that manner. Borrower shall
<br />pay them on time directly to the person owed payment. Borrower shalt promptly furnish to Lender all nohties of amounts
<br />to be paid under this paragraph. if Borrower makes these payment,
<br />receipts evidencing tire payments. dim aly. Borrower ,hall proniptic furnish to Lender
<br />Borrower shalt promptly chscharge any Tien which has priority over this Sec'urit1 [nsirunter,t unless Bc-rrouer: (:t)
<br />agrees tut wrung to the payment of the .thhgauon secured by the lien ui a manner acceptably to [ender_ (t?) contests in gocXl
<br />faith the hen hv, or defends against entorcement of the (ten in, legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any part of the Property: or (c) secures frorn the holder of the hen an
<br />agreement sansfactory to Lender subordinating the her, to this Security instrmnew. If Lcndcr deternune, that arc part of
<br />the Property e. subject to a lien which may attain priority over this Secunty lnstrurnent, Lcndcr mat gise Borrower :,
<br />notice identifying g !'o the hen Borrower shall satisfy the lien or take one or more of the action, set birth above %%nhur !0 clue s
<br />of the c;nhig of notice.
<br />S. Juiced Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against Ims by fire, Hazards included within the term "extended coverage" and any other ha /arils for which I cnder
<br />requires insurance. This insurance shall he maintained in the amounts and tnr the petrels that Lender rrynue, 1'hy
<br />insurance carrier providing the insurance shall be chenen by Borrower subject to Lender', approval which shall nor he
<br />unreasonably withheld.
<br />All insurance policies and renewals shalt he acceptable a, 1_.•nder and shall include a ,landard mortgage clau,e,
<br />Lender shall have the right to hold the policies and renewals. If Lender requires, Borrower shall promptly give• ill Lender
<br />all receipts of paid premiums and renewal notices. In the event of fuss, Borrower shall give prompt notice n, the insurance
<br />carrier and Lender. Lender may make proofof loss if not made promptly by Borrowej .
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied ut restoration or repair
<br />of the Property damaged, if the restoration or repair is economically feasible and Lender's security is not Icssened, if the
<br />restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall he
<br />applied to the sums secured hr this Security Instrument, whether or not then due. with any excess paid to Borrower If
<br />Borrower abandons the Property, or does not answer within +0 days a notice from Lender that the insurance carrier has
<br />olicred to settle a claim, then Lender niav collect the insurance proceeds. Lender may use the prexxeds to repair or restore
<br />the Property or to pay sums secured by this Security instrument. whether or not then due. The ?0 -d
<br />when the notice is given. ay period will hygui
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shalt not extend or
<br />postpone the due dare of the monthly payments referred to in paragraphs 1 and 2 or change the aniount of tlic• payment, 1(
<br />under paragraph 19 the Property is acquired by Lender, Borrower's right to any insurance policies and proceeds rc,+ilnrng
<br />from damage to the Property prior to the acquisition shall pass to
<br />-ender to the extent o' o ,tins, secured he
<br />Instrument immediatcly prior to the acquisition. t his Sycunry
<br />6. Preservation and Maintenance of Property; IAaseholds. Hornmer,h.ill not sestrov, danisgc or,tibstanizaily
<br />change the Property, allow the Property to deteriorate or commit waste. If this Securin In,tnrrnen; ,•..,t, Iea,chold.
<br />Borrower shall oomph with chi procrraoits of the lease, and rf Borrower scumres fee title to the Prtiperty . the Icisyhold and
<br />fee titleshall not merge unless 1 ender agrees to the merger :n wrrtinY
<br />i. Protection of Lender's Rights in the Property: Mortgage insurance. If Horroucr guts to perform the
<br />eovenantsand agreementscontained in tht%Security instrument, or there is a legal pr,ceedirig that nci} ignihaenih affect
<br />Lender's rights in the Property (such as it proccedmC nn hankruprcy, probate. for ,ondenindtion .,r t" enforce fuss or
<br />regulations). then Lender may do and pay for whatever is necessary m protect the valtie of the Prtfrcrr� ,tnd I ender', rigius
<br />in the Property. L.ender's actions may non& paying any Burns sclurecf by a sun winch has priority ,over rho Creunn
<br />Instrument. appearing in court paying reasonable attortic%% fees and entering c,n ,he.• pr „pc•rty to snake repan, :yhh,,aeh
<br />Lender niav take action under this p r j raph 7. f cnder doe's riot ha%v undo,,,
<br />Any anxiunts drshursesf by I carter under tfri, par graph ' shall lire, , 've addttl „naI ,kiht of Hort r ,ec need t,v tht,
<br />Security instrument L'rtless Borrower and I (-nder agree R, orlit-, t n t,cr,i. thc,e auto i ai, iv:iii i4,tr flitcrc,t !tom
<br />the ilkty at! dishurNemcnt at !lie N.,ic• rare ;rni) ,trail
<br />he r;nahlc woos I olieTc'l.
<br />rectuestrng payrnriti
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