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86-- 104524
<br />IlottowrrA tit ,I l ante r sr YrtlArt and aetrr A% t. +!loo-% - -
<br />1. I'ay'mcnt of Principal and Interest, Prepayment and t ate Charges. lsorniwr, %hail, i- inirtiv Pay w'hrn ctire
<br />the fs,in, JIM „1 and Inters( on the debt evidenced by the Nottand any prrp.tymend and latr rh,vpv, slue under ih- Note
<br />1. Fund% for Tait esandInsurance. Subject it, applicable law ortoa writ tc .osthvIrrlder,ILorrowet %hall pay
<br />" to Linder on the day mnnlhly payments arc due under the Note, antnt the Vote its prod m fulh a sum i "Fundy') equal Its
<br />one- twelfth of (a) yearly taxes and assessments which may arum priority over this Srcorny Inmritmrnn flit yearly
<br />leasehold payments of ground rents nn the Properly, if any_ it yearly harard insurance prrmmms; and ill) yearly-
<br />mortgage insurance Prrnrmnts. If any Iffew items are called "nctow ttems " Lender may otinnafe the Fumb, dur on the
<br />baits ofcunrni data and rrasnnable emnisatr%of futurr cscriiw hems
<br />The Funds shall he held in an institution the deprists or accounts of which are inured or guaranteed by a frileral
<br />or
<br />State armor (including Lender if tender i% such an Institution) Lender shall apply the Fund% to pay the escrow items:
<br />Lender may not charge for holding and applying the Funds, analysing the accminf or venfytng the escrow items. unless
<br />Lender pays irotrower interest on the Funds and applicable law permits Lender to make such a charge. Snrrmver and
<br />Lender MANY agree m -ruing that iniere%l shall he paid in the Fonds tortes% an agreement n made in applicable law
<br />requires anlerest In he paui. Lender %hail not he required In par Borrower any mfcrem of earnings on the Limits Lender .
<br />shall givr in fkirrower. without charge, an annnal accounting of the Funds showing credits anti debts to flit Fund% and the
<br />purpose for which each detitt 10 the Fural% was made 'The I urids Are pietlgrtl as additional security for ilia sums secured h)r
<br />i his SK uru v I nstrumrnt
<br />11 the ansouni of the Fund% held by I cirdcr, logtiher with the future mi+nlhly payments (sf Ftind% payable prtru to
<br />the due dat,v of the }sent- rumm shall excei -.k the amount procured fo piv the cure- items -hell due. the cxce,,,halthe, .
<br />at flritrower s option, ether promptly rrpaul to Mirrower of i rrttxrif in lirirrower ran monthly payments of Fu,uls if the
<br />am(nint of the Lund, tirld by }.rimer is rill( snthcrroi Iii tray the c+ctf)w Item% when title. thurowcrshall fray to Lester any
<br />amount necrs%Ary 1., tttakr up the dnccienc y in one or more payments is rrqu red by Lender
<br />Upon payment in full oaf all sums secured by this Scauraly Inctrutgtrm. Lende- shall promptly refund to Ilr)tmwer
<br />any f=und% held by Lender If under paragraph 11) the Property is colic or Act)uirctf.hy, Lender, t,cndrr shall appily, no Later
<br />than (Inured atety prior so the sate fq -the Property or its acqursrtam by trader. any -Funds lisle, by Lender at the titre of .
<br />application as c raid against the sums secured by this :Security Instrument
<br />3. Application of Payments. Unless applaahtc law I. x des (Nherwist; Alt payments received by Lender under
<br />paragraphs I and % shall he applied: first, to amounts Payable under paragraph 2I atcand, to interest
<br />due; and last, to principal due,
<br />4, Cluarnm Lfetss. Borrower shalt pay all tall aa%essments. charge%, tines and lmposomns aftriloutable to the
<br />Property which may attain priority over this Security Instrument. and kasrhohl payfinents or ground rents, if any.
<br />Borrower shall pay these obligations in the manner provided in fiaruttragh 2. or if tun paw in that manner. Bortxswe r shalt
<br />Pay them on lime directly to the person owes! payment. Borrower shall promptly furnish to Lender'all swiss -er orrunounts
<br />to be paid under this paragraph. It Borrower makes these payments iLirc^ctty. Harrower shall promptly fnrmilit to Leader
<br />recintats evt(iencing the payments. - - - - - -
<br />Borrower shall promptly discharge any lien which has prroe ly civet Film Security Instrument unless Hincrower (a)
<br />agrees in writing to the payment it the .fbttigattoa secured by the lien in a manner accepiablr to bender; f1ht,xisiitest5 to grind
<br />faith the ben by, or dtleod% agate %t adorcetfir m of the ?sell in, legal pro,,"iangs which in the #,roiderr"s (ipmions or -crate to
<br />prevtrtt the rniturtmstm n€ the lien or forfeiture of any parr art the ['rAperty. or ta) secuse, from the holde€ iif the lien an :
<br />agrermrnl %ati%tactory to Lender %utsordinatrng the her to this Secorov Lisstruticrrtt- If i.mder Merrim" that any pat# of
<br />the Prrperty is Min -aret to a lira which maa AftAm prnmtY liver this Security Inxtrusornt. Leader may give Herrnwet s
<br />notice idennfimg the hen Wirrowcr shall sairo, ?tit lien, takr. sir miler >i the aetirins sir Huth above within 10 days
<br />of thegoeingillnottcr - - - - - - - -
<br />S. i t iffArd Insurance. IkKrr,wrr shall It rep the impre srmeTrM now etir trng or hrteafter errrtet3 r i the property
<br />utsured against loss t,y fire, hAIAIJ% ini•Lude�d wifFun the term - rx;rvsi,Lrrtc•imtagc ";tntlany nthet hasaritsLtt'.whii:li Lcrttlrr
<br />tequtrer ussutantr This inmoame %hall t+r minmarnrd :n the Am t*ont% zinc: tit Ilse per'lild, that 1- testier rripores The
<br />fnsurance i.- .mfaer rri nbng the tii,nfante ,hall be cht..rn by f4srr(rwer sui,Pt f.o Lensirr s afspftri.al a -htr:h shall not he
<br />unreasrinahis withheld
<br />All fnsurance pohcrer Arid nmr -w -A!, shp11 he ac,ept.Atdr it, Lariat} .lid shaft Include a standard morigage ctlo,
<br />t.etidrr ,}tali flare the Fight to hold The p ± >4itit%and rrntwaFS If Leader rcgsolrs, florrower shall promptly aavr in tender
<br />all receipts of part premiums and renewal notr.:r_. In the even if Itt%s, Brsrr- ,rs}rr ahalf Rive prompt . mote°r to the nri.s rarfec
<br />a`artrrr And Lender f cotter n,.,y make prised of fi ss if my matir,pro -r-tly Fy It<xrt =wrr
<br />Unle %s Lender and Nil rawct othrrwt%e agree in wnatng. ,n%urart x r redii %hall 1,r applied to reooratrui sir rips}€
<br />of the Prtg,crty damaged, if the ,r%itrraitint ifs rrfwu is Mt)MiMieally frauhk And I�rndct =s ,county is air, le%s oed it the
<br />restore nIon lit repair n not nonomt.nlly frasililr or Lefider'% %ee:urity would he kM%rfntdi the Ihsurance proceeds shall he
<br />applied to rive sums set tired by this Security instrurncnt, whether sir not these duc. with any excess paid to Hisrrower If
<br />Bnrfowrt ahaotims the Property, or discs not answer within 10 dins a n(n(%e from f cruicr that the m%urancc carrier has
<br />r.Rerrd fo utt k m t lAirn, thin I.erdtr may re,tlret Iht insurance poll cols L.tridtt may ir%c the prir;reds ?r> repair or trcf_ort
<br />flit Property or in pay sums sesurcd by thts Seruriif Instrument, whether air not fheri duc The W:day period will begin when t he no n e is gi. cis
<br />Unit,,. Lender and florrow er ill hemme, agree in wrtin g, any applications cif prncr -di Ill principal %hail not ex lent fir
<br />Postpone the due date of the tooruhly payments referred ft) in paragraphs I and 2 or change the amount of the paymcnrs if
<br />under paragraph 14 the Pt,ape »y is acquired hit I. coder. M)rrowcr'% right to any to %uraruc polities and procerd% resulting
<br />from darnagt it, the Properfs, prior if, the owclunutnui snail parr 10 Lender Iii the cxfeni of Ill, sums %extoed by thi%Securn"
<br />IMlforreol ,mmerharefv prior ua the ari:qur :uia,n - -
<br />M. Prexr:arion awd Maintenaecr a€ i'riiPrTty: I esaeimids. Brrrower %half twit destroy. damage sir %nh" Fortsally
<br />change the Po,perty, alhi* the Property to dirwru,rate or ct>imnnt waste If flits Security knstrumrni Is tin A leii%eb,,ld.
<br />&,rrt,wer .hail t,mirl) wfih the Prt_,ii%t.,tts of flit ItASt - and If Ilrrrowet actfuir£%fec title t+,iihe- Prigwtry -, the lessrhofd ant
<br />fee title shall not merge unless Lestlier ass - ,satin merger ift sv -Atng
<br />T. Protection of Lender's Rit[hts in the Property, Mortgage ttisuraact. it lkirrowct fads it pcftornr the
<br />covenants And airrremrnes ronrainrd in 1111% 4txunly fnarumtni, rye there i% A tcg:d pf,k cling that may stgmheanikv nllcvI
<br />Lcaditt's rights in the Properly isuth ax a PlIMMI1119 in h.nAffU1WC1,= firtiliatr_ ftir ,74milconainin at ui enforce law% or
<br />finufatomsf- then Lender may slo and pay (Of whatever i% necessary to protect the value of the Prtrprtly Arid Lender's nyius
<br />in the Property Lcradet's actions may 'tit tilde Paying anv sums secured by alien *fifth has priority n.tr !his I sec uruy
<br />instrument, appearing in court, paying reasonable attorneys fees and entering on the PlOticrty to make repairs Afthriugh
<br />Lender may take atnon ender flit %paragraph ", 1 eodrr dor, no have ir,rltr ui
<br />Any smriuni% thsnitrrari by i ratter raider -hr, paragraph t %ball fir, onsr act(iefiuinal doh# of Ilosfrowr, secured by It,",
<br />".irceinuy ln%trumerrf I lotrss U „trnwrf ,anti I.rJer aRrrr, Ia ocher irtnt %nf Patnirni, rbivsr rtnonius %hall Mar iiiftr-i fa, err
<br />Slit date +i dist.ui stnk^ut at tine sale stir sad :h.ffi hr Itav,?4, ,sttfi "it-c-'i ,rf,m i6",c frrtf;, I � +„'', -ri I, ktt,rir•wrr
<br />Irgwestittg f,4,rnr t
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