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$6_.
<br />103941
<br />UNIFtiFtM Cow f RANTS B(?iruwer and Lender :�'Eroenant soil agree as fuilou�,.
<br />I. Payment of Principal and Interest, Prepayment and Late Charges. Bornmer,hall prompth pay when due
<br />the principal ofand interest On! lie debt evidenced by the Note and any prepayment and later: harges dtic under the Note.
<br />2 Funds for Taxes and Insurance. Subject u) applicable law or to a written uaivcr by Lender, Burrower shall
<br />pay
<br />to Lender on the day monthly payments are due under the :Vote. until the Note is paid in (Ella a sum ("Fund; ") equal to
<br />one - twelfth' of- (a) `yearly taxes anti assessments which may attain priority over this Cccurits Instrument; (b) yearly
<br />leasehold payments or ground rents on the Property, if any: (c) yearly hazard insurance premiinns: and td) vearh
<br />mortgage insurance premiums, Warty. These items are called "escrow hems." Lender mac estimate the Funds due oil the
<br />basis ofcurrent data and reasonable estimates offuture escrow iterns.
<br />The Funds shalt he held in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br />state agency fincluding Lender if Lender is such an institution). Lender shall apply (lie Funds to pay the escrow items.
<br />tender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items,
<br />unless
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower
<br />and
<br />Lender may agree in writing that interest shall he paid on the Fund• Unless an agreement is made or applicable law
<br />requires interest to be paid. Lender shall not he required to nay Bop rnuer any Interest ur carinng, on tyre F=unds Lender
<br />shall give to lorrower, without charge, an annual accounting ofthe Funds showing
<br />credits and dehii, I,, the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged Its 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 escrow items, shalt exceed the amount required to pay the cwrrw Items when due. the excess shall he,
<br />at Wwrower's option, either promptly repaid to Borrower
<br />or credited in Borrower on monthly payments of Funds if the
<br />amount of the Funds held by Lender i, not sufl ➢ctcnt to the•
<br />pay escrow item, when due, Bi,rruwr >r shall par to Lender am
<br />amount necessary to makeup the deficienc% in one or more payments as required by Lender.
<br />Upon payment in full of all sums secured by this Securm Instrument, Lender shall promptly refund to Borrower
<br />any Funds held by Lender If under paragraph 14 the Propertv is sold or acquired by i_crider. Lender shall apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by Lender. atny Fund, held by 1_cnder at [lie time of
<br />application as a credit against the sums secured by this Security instrument
<br />3. Application of Payments. Unless applicable law protides otherwise, all payntcros received by Lender under
<br />paragraphs 1 and 2 shall he applied: first, to late charges due under the 'Note: second. ro pr epayntcnt charge, due under the
<br />Note; third, to amounts payable under paragraph 2; fourth. to interest due; and last. to principal dole.
<br />3. Charges, Liens. Borrower shall pay all taxes. assossrr,cnls charges, fine, and Impositions a!tr!hut-atble tit the
<br />Property which may attain
<br />prionty over this Security Instrument, Witt leasehold payments or ground rents. It' am.
<br />Borrower shall pay these obligations m the
<br />manner provided in paragraph 2, or if tint paid rn than manner. Borrower shall
<br />pay them on time directly to the person owed payment, Borrower shall promptly furnish to Lender
<br />all notices of amounts
<br />to be paid under this paragraph. If Borrower makes these payment, directly. Borrower orroer shall promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority o%er this Sccuniy Instrument unless Borrower (a)
<br />agrees in writing to the payment of the obligation secured by the lien In a manner acccpt ahle to Lender: (h) contests in
<br />good
<br />faith the lien by, or defends against enforcement of the Item lit, legal proceedings which tit the 1_rneler's opinion
<br />ulmale to
<br />prevent the enforcement of the lien or forfeiture of any part of the P r I pperi y. or (c) secures from; the holder of the lief) an
<br />agreement satisfactory to Lender subordinating the Tien !o this Security Instnmicnr- If Lemicr detcrmtnc, that >I
<br />any part ,
<br />the Property is subject to a lien which may attain priority otcr this Security Instrument, Lender nias grte Borrower a
<br />notice identifying the hen. Borrower shall satisfy the hen or take one nr more of the action, ,et !or[ 11 aho,e whhin Iq day,
<br />of the giving of notice.
<br />5. Hazard Insurance. Borrower shall keep the improtcments now exiling or hereafter erected tin the Property
<br />insured against loss by fire, hazards Included "extended
<br />within the term coact age" anti ant other hazards for which Lender
<br />requires insurance. This insurance shall he maintained it, the
<br />am<,unts and for the peri(,ds that Lender require., 'Ili(,
<br />insurance carrier providing the insurance shall be chosen by Borrower ,tibleki to I ender', approval which shall he
<br />unreasonably withheld. not
<br />All insurance policies and renewals shall he acceptal)le to Lender and shall Include i standard mortgage cIa ue-
<br />Lender shall have the right to hold the and it Lender
<br />policies, renewals requires, Borrower ;hall prompth goe to Lender
<br />all receipts of paid premiums and renewal notices. in
<br />the event of loss, Borrower shall &I 'e prompt rtolice to the uuurance
<br />carrier and Lender. Lender may make proof of loss if not made promptly ny Borrower.
<br />Unless Lender and Borrower otherwise agree it) writing, insurance 1 r,cceds ,hall he applied to restoration
<br />or repair
<br />of the Property damaged, if the reSIOTatlOn or repair is economically feasible and Lender's security is not le,, d. if the
<br />restoration or repair is not economically feasible or Lender's securiiy would be lessened, the insurance proceeds shall he
<br />applied it) the sums secured by this Security
<br />Instrumetu, whether or not then due, with any excess paid to Burruucr 1!
<br />Borrower abandons the Property,
<br />or does nor answer within ?0 days a notice from Lender that the insurance carrier has
<br />offered io settle a claim. then Lender may collect the insurance pr> ccds Lc,ider may
<br />use the proceeds to repair or restore
<br />tire Property or to pay sums secured by this Security instrument, uhethcr or not then due. 7 he iCi -d: :y begin
<br />when the notice is given period will
<br />Unless Lender and Borrower otherwise agree in writing. any application of proceeds to principal shall not catcnei or
<br />ptrstpone the due date of the inonthly payments referred to In 1
<br />paragraphs and _' or :harige the anu,unt of the payrnenn if
<br />under paragraph lU the Properly is acquired by lender. &irrowcr's right to ally uisurance policies and proceeds resulunz
<br />from
<br />damage to the Property prior to the acquisition shat! pass to Lender to the extent ,.f !tic sums secured ht Ili„ lcrurn,
<br />Instrument immediate]%' pr for to the acgat,ltICIVI
<br />6, preservation and Maintenance of Property; Leaseholds. Rurrower,hW11 not dcstr, », tiamagc,u,uh,IWntall:
<br />change the Property. allow the Property to deteriorate
<br />or commit caste. If this tic•cnrl!\ In,trnnent is on a !v'INChold.
<br />&rrrower shall comply %till the procr,nms of the lease, anti If Bur rower acquire, t_•e title to the Property. the lease ?wld d
<br />fee title shall not merge unless Lender agrees to the rnerger In wtiring an
<br />7. Protection of lender's Rights in the Property: Mortttage insurance. If Boir,wcr falls To p rt:arn the
<br />covenants and agrecmcnts cowairled n, this Securm Insirtirnrnl, or Iheic n a !cgal pn,ecttiuii !sal may s,�nihs :Intl,
<br />Lenders rights in the Property isue'h a, a in
<br />proceeding hankrui)!o, prr,ha!e. lop , ndenmaiwn ,,I lo enforce law, nr
<br />regulatirons). then !_ender may d , and pay f.or witateter
<br />Is nece „ary to pruteci the• , slue of the P, opert, 'Old i I rids I , ! is;h!s
<br />in the ! roperly Lender's Ict(olis vii n r cluck patiing utt sums .cured i s , i,e, t l j, i, r„ ! rr t, ,,dc•r rlu sc , ni,
<br />Instrurmm, appearing in c +airs pays i , isot ash r.rc gnus' feu m(1 root on
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