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UtF(1RMCOIFSaN-ts Borer. wer and Lender cca .cnart and agree a-, follows
<br />d. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when dun
<br />the principat of and interest on the debt evidenced h. the Noic and any prepayment and late charges due under the Note
<br />2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by I ender. Borrower :hall pay
<br />to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum ("Fund%') equal to
<br />one - twelfth of (a) yearly taxes and assessments which may attain pnornry over this Security Instrument, (b) yearh
<br />ff leasehold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (J) 'earl'
<br />mortgage insurance premiums. if any These Items are called "escrow Items " Lender may estimate the Funds due on the
<br />basis of eurrent data and reasonable estimates of future escrow items
<br />The Funds shall he held in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br />state agency (including Lender if Lender is such an institution) Lender shall apply the Funds to pay the escrow item..
<br />Lender may not charge for holding and appiving 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 he required to pay Burower any interest or earnings on the Funds Lender
<br />shall give to Borrower, without charge, an annual accounting of i he Funds showing credits and debris to the Funds-and the
<br />purpose for which each debit to the Funds was made The Funds arc pledged as additional secuniv for the sums secured h%
<br />this Secuntv 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 ex now items, shall exceed the amount required to pay the escrow 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 to pay the escrow items when due. Borrower shall pay to ( ender any
<br />amount necessary to make up the deficiency in one or more payments as required by Lender.
<br />Upcm payment in full of all sums secured by this Security Ins :ritment. Lender shall promptly refund to Borrower
<br />any Funds held by Lender If under paragraph 19 the Property is 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 Security Instrument
<br />3. Application of Payments Unless applicable law provides otherwise. all payments received by Lender under
<br />paragraphs I and 2 shall be 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 />4. 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 shalt pay these obligations in the manner provided in paragraph 2, or if not paid in that manner. Burrower shall
<br />pay them on time directly to the person owed payment Borrower ;hall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph if Borrower makes these payments directly. licirrow•er shall promptly furnish to Lender
<br />receipts evidencing the payments
<br />Borrower shall promptly discharge any hen which has pnority 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 hen tins legal proceedings which in the [sender'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 subordinating the lien to this Security Instrument If Lender determines that any part of
<br />AM
<br />the Property is subject to a hen which may attain priority over this Srcunty Istrumcnt. Lender may give Borrower a
<br />notice identifying the hen Borrower shall satisfy the hen or take one or more of the actions set forth abo%c within ill das,
<br />of the giving of notice
<br />S. Hazard Insurance. B.orrower,hall keep the improvernents now existing or hereafter erecicti on the Pioprri%
<br />insured against Inca h. fire, hazards included witlun the term "extrndttf c %iveragc' and any other hazards for which Lender
<br />requires insurance This insurance shall he maintained in the amnunts and for the periods that Lender reyuirt --s The
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<br />insurance earner prn.idinr the insurance ,full be ch,acn by Borrower ,object To i ender's approval which 0-,ill not he
<br />unreasonably withhrld
<br />All Insurance p:ihcies and renewals shall he acceptable to I critic, and shill in( ludo a standard mr.rtgage , leuse
<br />Lender shall ha.r the right to hold the policies and renew.il. If Lender rcquim. Borrower shall prompt!' give tut ender
<br />all receipts of paid premiums and renewal notices In the event of 1o,.,, Bort<owe•r shall gisc prompt nritice to the :n,urame
<br />earner and 1 -ender Lender may make proof of loco %(not made prnmpt!y by Borrower
<br />Unless lender and BorT(,wrr otherwse agree in writing, incur ante proceeds shall be applied to restorauon or .repair
<br />of the Property damaged, if the restoration or repair rs economically feasible. and 1 ender', security is not lessened If the
<br />restoration or repair ;, not economically feasible or lender's secunty would be le,sencd, the insurance proceed, ,hail he
<br />applied to the sums secured by 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 1f) days a nonce from Lender that the insurance earner has
<br />offered to settle a claim. then Lender may collect the Insurance proceeds Lender may use the proceeds to repair or restore
<br />the Property or to pal, sums secured by this Sccurtty Instrument. whether or not then due The '41 -dat, ncruxi will hegin
<br />when the notice Is gi%en
<br />Unless lender and B+ t rower otherwise agree in writing, any application 'if pr(kerds [('PI ItICIPal shall not c•.tend or
<br />postpone the due d.itr of the monthly payments referred to in paragraphs i and ? or change the amount of the pa% sent, if
<br />under paragraph ski the Property is acquired h. Lender, Borrower's right to ans insurance Iohnes and prccemis re,ulting
<br />from damage to the Property prior so the acqumlton ,hall pas,. to bender in the r iieni of the sum, secured M thi, Securir%
<br />instrument immediately prior ro the acquisition
<br />h. Preservation andMaintersance of Property; leaseholds. Borrower shall not destroy, damage or ,ubstanrtally
<br />change the Property, alirw the Property to deteriorate
<br />or commit waste If this Sesunis Instrument is on a lea,ehold.
<br />Borrower shall comply with the provisuuu of the lease, and if Borrower acqures fee title t,i the Proper.. the lra,ehu!ki and
<br />fee title shall not merge unless 1 ender agrees to the merger In wining
<br />'. Protection of lender's Rights in the Property; Mortgarw insurance If Borrower (ails tr pro ern the
<br />covenants and agreements contained %n this Security instrument. or there is a legal pr(tceding that ma. ucnifi, ant;, .ifTr, •
<br />Lender's rights to the Property (such
<br />a. a proceeding in hankruptky, probate, for condemnation .:r to cntor,e ;awns or
<br />rtgulationsi, then Lender may do and pay for whateser n necessary to protect the value of the Propert. and I
<br />endr- . "Volt,
<br />in the Property l ender s a,iwns may in,ludr paving any sums secuicd hi, a lien which hat, pnorit. .rr fhi, tiro,
<br />Instnanrnt. appearing n,,,,or +. paving reas,mahle atrotneys' fees and cnicnnp , r •hr P,,,rcn, t., trials -rim, y!.+...,,.,.
<br />I ender may take action uncle, this t,aragrap h - ) en(fer doc, ha,
<br />not I, i, fo•.,,
<br />An amt,unis ifr.bur,,co h. 1 ender un(ler ihis paragraph 7 sh;t)I he ,roe a; I,! tIt,nal ,1rht ,,f R, �, i, w .. ,
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<br />the date of d,sh,;rsrmrr,t a+ +I'u ,soli saris .vu! ,hail w• ; o.., loin with ,.i.•rr, a,•n,r 1 k..
<br />re- ciurst,nk t�lY .!:riot
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