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<br />tiIFFORM vt'�: +.�Tr L3rrrr ;wee and 3..,J, r -la! :r an t icier +ti's 11; u.
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Bcrr>ucr %hail prorptly pa% wthcn doe
<br />the principal cif and interest c? the debt e%Idenccr. h •lie tickle and any pre; :ayment anti late charge%due under the \,ve
<br />2. Funds for Taxes and Insurance. suhye,rt ill ,rphcaMe law c,r to a written wai %cr by Lender, Borrow cr .hall t ay
<br />to Lender on the day monthly liayment, are due under the \ o,c, until the Note is pat(: in Hill, a sum ("Funds ") equal in
<br />one - twelfth of ?a) yearly to =es and asses i,ients which may attain priority over :his Security Instrument. (h) :early
<br />leasehold payments of ground rents on the Property, if any: ;cl yearly ha�ai.. insurance premiums: and td) yearly
<br />mortgage insurance premiums, if any. These ireru are called "escrow Item: " i.ender -nay estimate the Funds due on the
<br />hasisofcurrent data and reascmahleestimate%of futureescrow items
<br />The Funds shall he held in an institution the deposit% or ao counts of which are insured or guaranteed by a federal or
<br />state agency (including Lender if Lender is such an institution) tender shalt apply the Funds to pay the escrow items.
<br />Lender may not charge for holding sod applying the Funds, anaiynng the account or verifying the escrow items, unless
<br />Lender pays &grower 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 nn the Funds Uniess an agreement is made or applicable law
<br />requires interest to he paid, Lender shall no; he required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Fund, showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged is additional security for the sums secured by
<br />this Security instrument
<br />If the amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to
<br />the due dates of the cxrow items, shall exceed the amount required to pay the esv row items when due, the excess shall be.
<br />at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />amount of the Funds held by Lender is not sufficient !o pay the escrow items when 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 fi.11 of all sums secured by this Security Instrument. Lender shall promptly refuud to Borrower
<br />any Funds held by Lender, if under paragraph 1 Q the Property is sold or acquired by Lender. Lender shall apply, no later
<br />than immediately prior its the sale of the Property or its acquisition by Lender. any Funds held by Lender at the time of
<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 he applied: first, to late charges due under the Note: second, to prepayment charges due under the
<br />Note; third, to amounts payable under paragraph 2; fourth. to interest due: and last, to principal due
<br />i. Charges; Liens. Borrower shall pay all taxes, assessments, charges. fines and impositions attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any.
<br />Borrower shall pay these obligations in the manner provided in paragraph 2, or if not paid in that mariner, Borrower shall
<br />pay them tin time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />u. he 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 priority over this Security Instrument unless Borrower (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, (b) contests in good
<br />faith the lien by, or defends against enforcement of the lien 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 from the holder of the hen an
<br />agreement satisfactory to Lender suhardinahng the lien to this Security instillment If Lender determines that any part of
<br />the Property is %uhyect to a lien which may attain priority over this Security Instrument. Lender may give Borrower a
<br />notice identifying the ben Borrower shall satisfy the lien ill take tine or more of the actions set forth atx*ve within 10 day s
<br />of the giving of notice
<br />S. Hazard Insurance. Borrower shall keep the improvements now existing of hereafter erected nn the Property
<br />insured against loss by fire, ha: arts included wrthri+ the term "extended coverage" an.i am other hazards for which Lender
<br />requires insurance Thu insurance shall be maintained in the arnounts and for the pencxis that Lender requires The
<br />insurance carrier providing the insurance shall be chosen by Borrower %uhiect to i ender'% approval which ,hall not he
<br />unreasonably withheld
<br />All insurance policies and renewals shall he acceptable to Lender And shall include a standard mortgage clause
<br />Leader shall have the right to hold the policies and renewals If Lender requires, Borrower shall promptly give to. Lender
<br />all receipts of paid premiums and renewal notices. to the event of loss, Borrower shall gi%e prompt notice to the Insurance
<br />carrier and I- cnder Lender may nuke pro++f of lies if not made prompt ly by Borrower
<br />Unless tender and Borrower otherwise agree to venting, insurance proceeds %hall he applied to restoration or repair
<br />of the Property damaged, if the restoration or repair is economicalh 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 shall he
<br />applied to the sums secured by this Secunty Instrument, whether cir not then due, with any excess paid u) Borrower If
<br />Borrower abandons the Property, or does not answer within 10 days a notice from Lender that the insurance carrier has
<br />offered to settle a claim, then. Lender may collect the in%urari.e prenceds Lender may use the prcxeeds to repair or restore
<br />the Properly (it to pay sum% secured by this Security Instrument, whether or not !hen due The 30 -day period will hegin
<br />when the notice is glen
<br />Unles% Lender and Borrower otherwise agree in writing, any application tit proceed% to principal shall not "tend or
<br />postpone the due date of the monifily payment% referred to in paragraphs i and 2 or change the amount of the pa n
<br />ymrr, If
<br />under paragraph 19 the Property is acquired by Lender, Borrower'% right to any ui%urance policies and pr+x cod% re %thing
<br />front damage to the P:opetiy prior to the acquismon shall pass u, Lender to the extent of the sums secured hs this Security
<br />instrument immediately prior to the acqut%mon
<br />b. Preservation and Maintenance of Property; Leaseholds. Borrower shall not destroy, damage of suhstanniiih
<br />change the Property. ailo-A the Property to deteriorate or commit waste If this Secuntv Instrument ,, r,n i lea%rhuld.
<br />Borrower %hall comply with the proviswns of the lease, and if Borrower acquire% fee title to the Property. the icaschold and
<br />fee title shall rift merge unless Lender agrees to the merger in writing
<br />?. Protection of Lender's Rights in the Property; Ntnrtgalte Insurance, If Bo."ouer fails i,, pvm,mi inc
<br />covenants and agteement%contamed in this Security Instrument, or there u a legal pr (cede ng that teas %ten :tic :uuh effect
<br />Lender's rights in the Property (such :u a prtceeding in bankruptcy. probate, for condemnation or to enforce i;iw, or
<br />regulatiotrsF then L -cnder may to and pat fair whatever is ne,cssary to prc test they +lie of the Properiy andl _en Io r % ncht,
<br />in the Property Lenders +cu t% may "Chid paytee ,tiny um% %cured by a hen whir :h ha% poi tits , -r HIT, Sc i:rt,
<br />{ Instrument tipcaring m,.s'ur+ aimg na%.s ,ub;e alt Irteey, c, and mitring, ,, tt :e I n :�pt•r'% t,� riak... ;tun 1, tltu
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<br />tt_ l ender may akc ac}u rk widet rill s eriiFr; h l t rider doe% i )tace t
<br />A11 1 r I unr,dI sit ur%cI h Lrn,', r l II i IP, Ihi%LaIag - +i t 1 haII he .n.eed I rni o -.et i H,
<br />Se' :Irtt 1n%, t,incr.t 1. ,.less 11, rr ors .+ , i e 1, agree t r „i :,.I rn. ,._ he%r .+r rl ,.:r% �,..� _.,,
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