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:ww*mo° ,'^w u",m°:r""um�o�.""=,"num 86—
<br />1~3470
<br />I. Payment of Principal and Interest: Prepayment and Late (�:hariws.
<br />the princip�d of and interest tin the debt.. � idenced by the Note rtivni "rid h ar2e—jue uli'lcr 1 hc
<br />to Lender on the Jay monthly �-
<br />V payments ,' the Note, -- 'he —'^'' Paid ~'~'~^,~`tan !"q=t
<br />'
<br />one-twelfth of- 'u) yearly taxes and assessments which '=v attain rn*'i!% xnn"'"�:urs/ m`'='`,', !n� w"./, leasehold or ground rents on the Property, . ~`..v=' .='a." `=,""=�"�mm.. and w.�=��
<br />mortgage insurance
<br />premiums, Thme/�w`a�.aua'e°o"°uo".'Lcm" m�.^m",c the pvnd�uu`vn'h=
<br />basis mcomm' data and numnoulerv/mutes^/fu'un000°items.
<br />The Funds shall m held muo institution the deposits " accounts "/°n."o are insured ",u=,°"'°^uh�.^a""/",
<br />mu�^�ocooc|mmnuL,n�,� Lender �mchu".ou./u,°"^- Lender .=xa,r/N the Funds mp/ the rscm°items.
<br />Lender may not charge for holding and applv I Ing the Bmds.
<br />Lender pays Borrower interest on the Funds and applicable law'permiti, Lender to make suA a charge Borrower and
<br />Lender ' ~' �� r�'����---' shall — be °~~ on the '~'~^� `^'~`^^ agreement is "'=".', applicable .u"
<br />requires / ,
<br />shall give w Borrower, without charge. an annual accounting of the Funds Qwv%irig credits and debit, if, the Funds L,11ji -h.-
<br />purpose for which each debit to the Funds was made. The Funds are PICd2ed is additional securit.� for th�2 Lillis securcil
<br />this Security Instrument.
<br />If the amount ofthe Funds held by Lender. together with the future monthl� I payrnents of Funds ria)abje prior to
<br />the due dates ofthe escrow items. shail exceed the amount required to pay theescrow' itenis �%hell due. Ihe excess shall he,
<br />at Borrower's option. either promptly repaid to Borrower or credited to Borrower (it) inonthl.% payments cif Funds. If tire
<br />amount ofthe Funds held by Lender is not sufficient to pay the escrow items when chle. Borro%�er Oiall pa% to Lender all.%
<br />amount necessary to make up thedeficiency in oneor more payments as required b% I Lender.
<br />Upon payment in full ofall sums secured by this Security Instrument. Leilder shall promptix rc(und it) Borro%er
<br />-- Funds -- by Lender. Ifunder paragraph 19 the Property issold or acquired hip Lender. I-citcler shall apph, no later
<br />than immediately prior to the sale ofthe Property or its acquisition by Lender, an% Funds held hy LCrider "I tile time tif
<br />application asacredit against thesumssecured bythis Security Instrument.
<br />3. Application of Payments. Unless applicable law'provides otherwise, A] payments rc,:el� ej h,, Lender under
<br />paragraphs I and 2 shall beapplied: first. to late charges due under the Note: second, to plcpa�mcllr ch rgc . s d ac under Ole
<br />Note: third, to amounts pay I able under paragraph 2� fourth, to interest due, and last. it) principal due
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fiinc� and impositions attributable I<) the
<br />Property which may attain priority over this Security Instrument. and leaschold pa�nierits or ground ---nis. if an�
<br />Borrower shall pay these obligations in the manner provided in paragraph 2. or if riot paid in that manner, Borrower shall
<br />pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lenderall notices ofamounts
<br />to be paid under this paragraph. If Borrower makes these payments direct],, Borrower shall promptIN furnish to Lender
<br />a^�v",���"ii—'---
<br />receipts �
<br />agrees � promptly obligation e a.—'_—'—_,'-----^—....~...^~.~.~~~°^".=`= .
<br />insurance. able to Lender; (b) contests in gc.�jd
<br />faith the lien by, or defends against enforcement of the lien in. legal proceedings which in I he 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 ho;der oft he lie,,, at)
<br />agreement satisfactory to Lender subordinating the lien to this Securit% . Instrument. If Lender determines that am part of
<br />the Property is subject to a lien which may attain priority over this 'Securitv Instrument, Lender may gi%e Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more'ofthe action% set forth above -Aithiri 10 cho.,
<br />of the giving of notice.
<br />5. Hazard Insurance. Borrower shall keep the impro%ements no%% existing or hereafter erected on the Propert%
<br />insured against loss by fire, hazards included within the term "extended coverage" and any other hazards for which I-ende'r
<br />requires T-------'--'---'~^~`~^^~^~^^~~~"" ='""d`="`�"� The
<br />insurance
<br />unreasonably withheld.
<br />All insurance
<br />Lmo, �uxxo�oe ^' promptly
<br />all receipts ofpaid premiums and renewal notices. In the event of loss. Borrower shall gi%e prompt notice to the insurance
<br />carrier and Lender. Lender may make proofoflo--s ifnoi made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair
<br />of the Property damaged, if the restoration or repair is economically feasible and Lender's security is not lessened- If the
<br />restoration or repair is not economically feasible or Lender's security would he lessened, the insutance proceeds shall he
<br />applied to the sums secured n this Security Instrument. whether mriot then due. with any excess paid wBorrower. If
<br />Borrower abandons the Property, or does not answer within m days " notice from Lender that the insurance carrier has
<br />offered m settle u claim, then Lender mav uxmc' the insurance proceeds. cenu,nnon^se/^ ----'— ^rnu'o"
<br />the Property m* pay sums secured ,v m Security Instrument,
<br />when the notice is given.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of the payments. If
<br />under paragraph 19 the Property is acquired by Lender, Borrow er's right to any insurance policies and proceeds resulting
<br />from damage to the Property prior to theacquisition shall pass to Lender to the extent of the sums secured bN . this SecuritV
<br />Instrument immediately prior to the acquisition.
<br />6. Preservation andMaintenance of Property; Leaseholds. Borrower shall riot destroy, damage or substantialiv
<br />change the Property, allow the Property to deteriorate or commit was!e. If this Security I Instrument is on a leasehold,
<br />shall m,/�*xvumu
<br />o=m��u|m, unless Lender ,* �
<br />7. Protection of Lender's Rights in the Property; MortgaRe Insurance. If Borrower fails to perform the
<br />covenants and agreements contained in this Security Instrument. or there is a legal proceeding that may significantly I affeci
<br />Lender*s rights in the Property (such as a procecaing in bankruptcy, probate. for condemnation or to enforce laws or
<br />regulations), then Lender may do and pay for whatever i's necessary to protect the value ofthe Property and Lender's rights
<br />in the Property. Le . nde . r's actions may include paying any sums'secured bv a lien which has priori't� Over this Sectirit%
<br />�
<br />Lender may `~^~ac'"^'"=""" paragraph 7. Lender does riot ^a.c,"u^so.
<br />Any amvuni disburscd by Lender under this paragraph 7 shall become additional debt ofllorrot%er wcured b� this
<br />Security Instrument. Unless Borrowerand Lender agree to other terms of'paynient, these aniount, Oiall hear trorll
<br />the date of disbursement zat the Note rate and shall I-W Payable, %lilt interest. upon 1101ILT fr011! I-CrIdOT 10 IiOirk'N%el
<br />requLsting payment.
<br />El
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