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rand Lender ctnyenant and ;tgrer a% follows. resit Prepyrttent and 1-ate (barges. Borrower shall promptly pay when due ildtced by the !Vote and any prepayment and late charge% due under I he Note Subject to applicable taw or ton wnttcr, ,.%ci by L ender, Borrnwer %hat) pay re due under the Note, until the Note is pi:tl an full, a sum ( "Fund % ") equal to isments which may attain priority over rht% Security In %trumrni; (h) yearly the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly scitern% are called "ewrow items." Lender may estimate the Funds (file on the tc%M future escrow items. %lion the deposits or accounts of which are insured or guaranteed by a federal or is such an institution). Lender shall apply the Funds to pay the escrow items. ,plying the Funds, analyzing the account or verifying the escrow items, unless rids and applicable law permits Lender to make such a charge. Borrower and shall be paid on the Funds. Unless an agreement is made or applicable law ioi he required to pay Borrower any interest or earning% on the Fund%. Lender rnnual accounting of the Fund% showing credits and debit% to the Funds and the was made. The Funds are pledged as additional %ecunty for the sums %ecurcd by L.endcr, together with the future monthly payments of Funds payable prior to led the amount required to pay the escrow items when due, the excess shall be. A to Borrower or credited to Bnrrower on mnnthly payments of Funds If the sufficient In pay the escrow item% when due. Borrower shall pay to Lender any e in one or more payments as required by Lender. cured by this Security Instrument. Lender shall promptly refund to Borrower mph 19 the Property is sold or acquired by Lender, Lender shall apply, no later iroperty or its acquisition by Lender, any Funds held by )ender at the time of ired by this Security Instrument. less applicable law provides otherwise, all payments received by Lender under P amounts payable under paragrapli 2; second. to interest ae . iI pay all taxes, assessments, charges, fines and impo%iiinns attributable to the this Security instrument, and leasehold payments or ground rents, ti' any, manner provided in paragraph 2, or if not paid in that manner, Bortower shall ed payment. Borrower shall promptly furnish to Lender all notices of amounts +er makes these payments directly. Borrower shall promptly furnish to Lender any lien which has prionty over this St eurity Instrument unless Borrower- (a) tation secured by the hen in a manner acceptable to Lender; (h) conte%ts in good rment of the hen in, legal proceedings which in the Lender's opinion operate to eoturt: of any part of the Property, or to secures from the holder of the lien an lung the lien to this Secunty Instrument. If Lender deiermines that any part of ty attain preonty over this Security Instrument, Lender may give Borrower a iattsfy the hen or take one or moi-c of the actions %et forth above within 10 days %hail keep the improvements now existing or hereafter erected on the Property d within the term "extended coverage" and any other haiard%for which Lender le maintained in the amount-; and for the periods that Lender requires ['he shall be chosen by Borrower subject to Lender's approval which shall not he i shall be acceptable to Lender and shall include a standard mortgage clause. icies and renewals. if Lender require%. Borrower shall promptly give to Lender iotce%. in the event of Inc.. Borrower shall give prompt notice to the insurance foflens ifnot made promptly by Borrower rise agree in writing, insurance prokeeds shall he applied to restoration or repair i or repair a% economically fca%thlr and Lender's security is nut te%%ened It the rasihle or Lender's security would be lessened, the insurance proceeds shall he ty instrument, whether or not then due, with any excess paid to Borrower If not answer within 30 days a nonce from Lender that the insurance carrier has ollect the insurance proceeds ).ender may use the prixeed. to repair or re%torc is Security Instrument, whether or not then clue The 30 -day period will Ixgm rise agree in writing, any application of proceeds to principal shall not extend or cents referred to in paragraphs t and 2 or change the amount of the payments if A by Lender, Borrower's right to any insurance policies and proceeds resulting Nuisitton shall pass to Lender to the extent of thr sums secured by Oin, Security rtion. sr Property; Leaseholds. Borrower shall not destroy• damage or %uh%tantially ;o deteriorate or commit waste if this Security Instrument is on a Icawhoid. of the lease, and if Borrower acquires fee title to the Property, the leasrhotd and x to the merger in writing. in the PropeHy; MurtRage insurance. if Borrower fads to perform the i Securty Instrument, or there o%a legal prmecding that may significantly atrrci i proceeding in bankruptcy. probair. for condemnation or to enforce law% or or whatever it necessary to pnitKt the value of the Property and Lender ", rights Jude paying any sums secured by alien which has pnoruy twit this Security "able atlorneys' fen and entering on the Property to make repairs. Although ;ih 7. Lender does not have to de so inder this paragraph 7 shall become additional dehl of Borrower secured h% Om Lender agree to other tern% of payment. these amount% shag tear rniere %t from e and .hall he payable with interest, urrai notar from I rtuler to Bo,rourr I