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<br />UtilFoitM Col, vs. AN is Borrower and Lendcr _o enam and a,.rce as !nil ;,vs, 86� 102943
<br />1. Payment of Principal and Interest; Prepayment and Late (.1arges. Burrower shall promptly pay i +hen due
<br />the principal ;-,find interest , ±n thedcht evidenced by the Note and army prepuytnen and late ehargccdur naiderthe Notc
<br />Z. Funds for Taxes and Insurance. Subject tooappbcahtelac yarn +aurrnen waiter by Lendcr,Borrower,hailpay
<br />to Lender on tine day monthly payments are due under the Notm, until the \ote r, paid tit full a s ant ?"Ftnn,]ti •) equal Ioo
<br />one- twelfth of: (a) yearly taxes and assessments which m3, attars priority titer this Sec my In,trtmnent: 4b) yearly
<br />leasehold payments or ground rests on the Property. if ant; (ct yearly hazard insurance prcmiurns; and (d) ;earl}
<br />mortgage insurance premiums, if any. These items are called "escrow, iterns.'• Lender may estimate the Funds due on the
<br />basis of current data and reasonable estimates of future a crow items.
<br />The Funds shall be held in an institution tale deposits or acre, ;sots of which are insured or guaranteed by a federal or-
<br />state agency (including Lender if Lender is such an institution). 1_ -ndcr ,hall apply the Funds ter pay the escrow items.
<br />Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless
<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 be paid on the Funds Unless an agreement is made or applicable law
<br />requires interest to be paid. Lender shall not be required to pa, Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting ,4 i he Funds showing credit, and debits to the Funds and the
<br />purpose for which each debit to the Funds was made.'rhe Funds are pledged as additional security for the Surns secured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly pas.Fients of Funds payable prior to
<br />the due dates of the escrow items, shall exceed the arnount required to pay the escrow uems 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 tine
<br />amount of the Funds held by Lender is not sufficient to pay the escrow uems when due, Borrower Shall pay to Lender ;ray
<br />amount necessary to make up the deficiency m one or more payments as required by Lender
<br />Upon payment in full of all sums secured by this Security Instrument. Lender shall prornpdi refund to Borrower
<br />any Funds held by Lender if under paragraph 19 the Property a sold or acquired by Lender. Lender Shall apply, no later
<br />than immediately prior to 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 Secunty Instrument
<br />3. Application of Payments. Unless applicable law provtdes otherwise. all payments receieed by Lender under
<br />paragraphs 1 and 2 shall be applied: first. to late charges title under the Note. second. to prepayment charges due under the
<br />Note: third, to amounts payable under paragraph': fourth, to interest due: and last, to principal due
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges. fines and imlxosnnons 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 an the manner provided Ili paragraph 2, or if not paid in that mauler. Borrower shall
<br />pay them on time directly to the person owes: payment- Borrower shall prornptIv furmsh to lender all notices of amounts
<br />to he paid under this paragraph. If Borrower makes these payments direct]%, Borrovier,hail prompih furn,h to Lender
<br />receipt% evidencing the payments
<br />Borrower shall promptly discharge any lien winch has priority over this Security Instrument unless Borrower tit)
<br />agree% to writing to the payment of the obligation secured by the hen tit a manner acceptable to Lender; (h) contests in good
<br />faith the hen by, or defends against enforcement of the lien m, legal proceedings which in the 1-cider's opinion operate to
<br />present the enforcement of the hen or forfeiture of any part of the Property; or (c) secures from the holder of the lien :m
<br />agreement satisfactory to [ender sulsImitnating the lien to this Security Instrument. If Lender determines that any part of
<br />the Property is subject to a hen which tnay attain pnortty over this Security Instrument. Lcnder may gtyc Borrower ;i
<br />notice identifying the lwn Borrower shall sansfy the lien or take one or more of the• actions ,et Gorth above within 10 da,s
<br />of the giving of notice-
<br />5. Hazard Insurance. Borrower shall keep the imprrvemetit, now cxuung or hereafter erected on the Property
<br />insured against Ices by fire, hazards included within the term °cxtcadeYi coverage" and any other hazards l2or which Lender
<br />requires insurance Thu insurance shall be. rnam!amed Ili the amount, and for the periods that Lender requires 1 he
<br />insurance carrier providing the imur:anee shall be chosen h_v Borrower subject to 1 ender', approval w411ch shall not he
<br />unreasonably withheld
<br />All Insurance policies and renewals shalt he acceptable h, Lendcr and shall include a standard mortgage clause
<br />Lender shall have the right no hold the policies and renewals. If Lender rcquirc,. Borrower Shall promptly give to Lender
<br />all receipts of paid premiums and renewal notices in the event t+f loss, Borrower ,hall gee prompt notice to the rir,urancc
<br />earner and Lender. Lender may make proof of loss if not made promptly by Borrower
<br />Unless Lender and Borrower other wise agree in writing, insurance proceeds shall be applied to restoration or repair
<br />of the Property damaged, il' the restoration of repair a economically feasible and Lender's security is not lessened If the
<br />restoration or repair is not economically feasible or Lender's srcunty would tie lessened, the insurance proceeds shall he
<br />applied to the sums secured by this Security Imtrumerit. whether or not then due, with any excess paid to Borrower. If
<br />Borrower abandons the Property, or does not answer wrthln 10 days it notice from Lender that the insurance carrier has
<br />offered to settle a claim, then Lender may collect the Insurance proceeds. Lender nuit use [lie proceeds to repair or restore
<br />the Property or it) pay sums secured by this Scetn ty Instrument. whether of nor then due, I he 30 -day period will ht:e
<br />when the notice isgivcn
<br />Unless Lender and Borrower orherwise agree to w ruing, any application of proceeds uo principal shall not extend ur
<br />postpone thedue date of the monthly payments referred to um paragraphs 1 and or change the amount of the pay mclit, It
<br />under paragraph la the Property i, acqutrcd by Lender. Fieorrower's right tO arc insurance policies and proceeds resulting:
<br />from damage to the Property prior to the acquisition shall pass it) Lender u, the extent of the sums Secured by this Securac
<br />Instrument immediately prior to the acqutstntin
<br />6. Preservation and Maintenance of Property; Leaseholds. liorrowci ,hall nit dcsuu,. ,ianage or ,uh,t,tn;ialic
<br />change the Property, allow the Property 00 deteriorate or comm�t waste if ihi, Secant, lnsirumcni I, oaa a Iea,ehnid.
<br />Borrower shall comply with Nit pro =%isiom of the lease. and if Borrower acgwrc•S fev title io the Pri,perv, the Ic;i %ch„io'..ond
<br />fee title shall not merge unless Lender agrees to the merger tit writing
<br />7. Protection of Lender's Rights in the Property; Mortgage Insurance. If Borrower rata, to reitorm the
<br />coseuants and agretrnents contained it, Ihts Sexuritt Instrument. tit there Is a )egai pn,..ectime that ma: si V!12n, 11111% at ?ei!
<br />Lender's rtghts m the Propery (such a, a proceeding tit hankruptcy, pn,hat,., r ", .,,solemn tun ,r rni •ire laws •.,t
<br />regulations). then I vnder may do art,] pas t..r whatever is in:.cssan t,, l,rotec t the ialue• o,f!hc 11r"I"t o;d I ceder , rip¢ii!,
<br />in the Property l.endet's actte,n, may tit-' dude pining any sunis secured he .a lien which has prison i err ih:, 10 t nti
<br />lmtrumcni. appryruig m court pecmg reasonable attorney,' feo, and cnre•r+ng tin in, Pr<,pci i, noakc +cp,rtrs \it he +ugh
<br />I -coder naay tyke winin un Jci tit 1 inRr.tph . i ender l + , t h i,, n d , ,
<br />An'- ant -tint, -j t tined h 1 .rider I0 4r chi [ldf t rnph %11.411 Iv roe All ' t iii ,t t r B. , r t by this
<br />Xttunte hi4ritcr cnt t. t %s Mt w r in. 1 od •r ,n4ic „i.. I„ ns i r.n 'r h _ ; .o n . '!),I!; � ,•:, �*.
<br />tau at -ate. .>( chsht r,c•ni <..tt et On, r.aie. a.r.. ,till( t><•• . n is witI+ i•,r „.•,„ �., i , • ,.... � . ,.< H..•r,•,ec, t
<br />tegl t'1rat,t;
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