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- 1046 O
<br />1.Nnt- rtltMCn%INANIs Borrower and I coder cn vrnam And Agree isloilnwy
<br />1, Payment of Prinnpol and Interest Prepayment and I air Charge %. Flonowrr %hail prtttnpili p•+* 01c 'I : rt
<br />- - the principal of and interest ail the debt evidenced by the Note and an prepayment and Itor kharges title under the 14,ite
<br />2. Fund% for Taxes and insurance, Subject to appllcahle law nr to a wntic a,,, r by fender, Hnrrnwrr .hall P. +y"
<br />in Lender on the day monthly paymcni% are :Fur under the Note_, until the Note it pant in full, a %um ( "I- ands ") equal to
<br />'. one twelfth of. (a) yearly tries and assessments which may aitam priority ever this Security In- irument, (fit veariv
<br />leasehold payments or ground rents on the Property, if any: tc) yearly hazard itrsurnnce premiums; and (d) yearly '
<br />mortgage insurance premitinm if any Thc%c items are called "escrow items " Lender may rttimatc the Funds due on the
<br />fiasts of current data and rea%onahle estimates of futurr escrow items
<br />The Funds shall he held in an m%tuuur+n the deri r als or accounts of which ate m%urrcfnr guaranteed by a federal nr
<br />Mate agency (including Lender if Lender I- such an msmution) Lender -hail apply the Funds in Fray the escrow items,
<br />Lender may not charge for holding and applying the Fund-, analyzing the account or verifying the escrow items, units%
<br />Lender pay% Harrower interest on the Fund- and applicable taw permits Lender to make such a charge, Borrower and
<br />Lender may agree in writing that interest shall he paid On the Punds. Unles %an agreement i% made or applicable law
<br />require% interest In he paid, Lender -hall not he required to pay lorrower any interest or earnings on the Funds. Lender
<br />%hall give to Borrower, without charge, an annual accauraing of the Funds thawing credits and debits to the Frtrnl. end the
<br />pur'pit%e for which each debt[ to the Furttt% was made The Funds are ptetlged as additional «ctinty for the wmt %reined by
<br />this Security Instrument
<br />If the amount of the Hinds held by 1,encter, together with the future monthly payments of Fund, payable prior to
<br />The due dairy of the escrow firm %, Shalt exceed the atnrwnt required to pay the escrow item%when due, the cxcc%s%hall he
<br />at Finrrowcr'c Option, either promptly repaid in Borrower Or credited to Vorrower on monthly payment, of Fund.; if the
<br />amount of the Funds held by I ender n not %otfhclent in pay the escrow hems when due. lhirrawer shall Tray in Lender any
<br />amount necessary I,, make up the deficiency m tone tit more pliyntrttt- a% required by I .ender
<br />Upon payment m full of all sums secured by lots Security Intlrtrff t, F cndrr shall per pity refund to Hotmwer
<br />any Funds held by Lender if under paragraph 19 the Prrrpcny I%-oid for .required by Lender, Lender %hall apply, no later
<br />than immediately prior to the talc of the Properly %vr n% .cgnititinn by Lender, any Futul- held try Linder at the time of
<br />application a %a credit against the sums %ecurrd by ihi%Security Itntrumrni
<br />3. Application of Payments. Unlit- applicable law prnvidrs t,ihrrwt%c. all payments received by Lender udder
<br />paragraphs I and 2 shall tie applied. first, to amounts payable snider paragraph 2; second, to Interest
<br />due; and last. to principal due.
<br />4. Char Liewa. Burrower %hail pay all taxes. assessments charges. nee% and imposititms atiribrttsble to the
<br />Properly which may attain pttrirtty over ib+i% %ecunty Irrttrumexrt. and leasehold payments or gromial rents, if any -
<br />Borrower shall pay these obligattrnts in the manner provided tit paragraydr 2. or if not paid in that manner_ Borrower shall,
<br />Ivy them on time directly to the pertmi owed payment Bnrtower -hall promptly frarnish to Lender all tatr rtes of arrttatats
<br />to be paid under this paragraph. If Harrower makes these payment %dtrrxtly. 1lrtrniwer shall prompafy furnish to Lender
<br />►eceipts evidencing the pa mems,
<br />Borrower %hall promptly dtwhargt any boil which ha- rntvnly over tills security Irtstrurteettt sinks Rrirrrnrer: {a)
<br />agrees in wnting to the payment ttf #fie ,rh)tgatioa %muted by the two in a manner acceptable to tender fh? contests in good
<br />faith the lien by. Or defend% against enforcttw. tat of the Iwo m. legal prtcredu%g% which in the Leader'%optnrnmt operale to
<br />prevent the enforcement of the lien or forfenurr it( any part of the Prripenv, or lcI secures from sire holder of the Bete an
<br />agreement wmfaci ory to Lender %utxxchealtrig the hen In this 5ccirntw Instrument lfIx"deriktermtnes that any part of
<br />the Proreny n %uhiect In a tarn whmkh [nay attain priority . rr ihn serurtty In %irument. Larder may grve borrows a
<br />notice wlentdVing the hen B„rrawet %hall sati-ly the lien or take ores rat more of thr actions so Girth atxrve wthm lit dui s
<br />ref the giving Of notice
<br />S. Ifarard laswrawce. Br,rr,wrr shall keep the tmyltrovrnicnr% stow exryint3ror berrafter erected on the Prope"y
<br />inured against kits by fire, ha raids rnkhtded wit tors the tern "r%triwlmi coverage " Atitl any other harar %!s €t%€ stanch Ixoder
<br />requircc insurance 1`htt m%uran%r %hall e+c mairtarrred lit t tr am wintc an +i itx. tier Prrtrith.tirat I.rtuler rrquiri% "The
<br />tnsuranee carnet providing the tnsu a r %hall lie cttxrr by fl tr: ever %utters t =? Lrnttcr` %aPproa,41 wtrrcis %hall rust tie
<br />unreasonably wit hheid
<br />All msuramr Policies and renewals shall be ac eptable it Lrwiri and .liall aklittle a standlard trmongage carne
<br />Lender shall have the nght to hold the ,-.tic wit artd renewals If Lender rrqutrev, finrriw-er ,Ball promptly gg it to Lender
<br />all receipts of paid premrotns and renewal notices. In the event ref tress; Brwrr,wer chili gee prompt nittiee io rite rnsurance - -
<br />tamerand Lenttrr tender may make prOrd'of tars% tf ram made Prr,mptly tt3 ttorrnw rr
<br />Unles% Lender and llnrr,,wer oiherwtcc agree in writing, insuratu °r Protrmik shall he applied to re%Inratttm or re?- r
<br />- . of the Property damaged. if the rrstoratnte or repair is et:ow mtcal#y fcasti+k- grid Lrndet'% securtry r%rux le—wri xi If the .
<br />Truncation Or repair n not economically frasditc nr Lender's %murly twimitl he le %%rtml.. The mserance prorreik -.hall tie - -
<br />applied Ili the cum% ucured by this Security Insrument, whether or met then due, wnh any excess paid to farrower If
<br />Burrower afiandonc the Property, or does not answer within ?fl day %a mNrke fro n I..rluler that the insurance carrier has
<br />c,tfered to settle a claim, then Lender may collect the insurance grrx-ecds Lender may use the proceeds to repine or rest. re
<br />the Property or to pa) sums secured by this Secunty instrument, whether or nM then dur The tit -day pared wilt begirt
<br />when the nose n given
<br />Unic%% (.,ender and Harrower rat herwtsr agree in writing. any applteaticm tifipxtmeetfs to principal shall "extend or
<br />pinipcmc the due dale of the monthly payment% referred t+, in paragraphs I inlet 2 or change the armKmt of thr payments, if
<br />unirr paragraph to the Pryreriy is acyuircti by I.ructcr, Fknrswer's right to an) in -urana policies and prricred %resulting
<br />from damage it, the Property nrtor to the acqunitiitti shall pats to Lender to the extent Of the %um% secured by #hoc Secunty -
<br />3n%irnmt'et tmmrdiatelly prwr to the acgw,ow+r - _ -
<br />6. Prew"atuai tied Maiateasaee of Property; I.essebolds. Pkirrewrr %-hall not drsiroy, damagr nr o0,tanOat1-'
<br />changr the Property, all(,- the Property to deternvale or commit wa -re If this Sectlro) instrument n ,rat a lca%r#h id.
<br />Bnrrt,wri.11311 c,tmpty wiib the Prn%r%tntis if the tra%r_ And tl ltoiriwer acgttnr,lee itr#c.to tier Proprrry, the tewsrholi-I trni
<br />--. fee till, %hail not —,Lie urdr^ I s =_ter agrer%!O Itie rnergrr -
<br />Protretion of (.ender's Rights in the Property. tiionpage insurance.. If Borrower fads to perform the
<br />cnvrnani% and at,"ments tontaoned in thn Secunfy In- trument_ rat there is a legal rinKeeohng that may %,gnaficantty affect
<br />Lender's right% in the Property I %uch A% a poxetAing in bankruptcy. probate. lot condemnation ar tit enfatrcr laws or
<br />re{tutatum% {,then ►.gimlet mar der and pay Get whatever n necessar% to protect the valor of thr Property and Lender'- r ;Bbl%
<br />in the Property Lender'% a:tam% may int Jude paying any %urn% wt ored by alien wh[%h has print ity over this 5ecuitiu
<br />Instrument. appearing in court, paying rrastmabic attororya" fees and "reting on the Ptopeny to make irpatts Although
<br />Lender mas take a, titre wtdrr this paragraph ,,I ender tit" not have todo v -
<br />Aar amr,t,nt%d +st+ur%ed by Lender nndrr rhoparagraph' %haft #,ntunr adiltttrmat +lr. #+t of Brorr,twrr %ts'ntrrl #+-ihn
<br />�iesuruy in%inrmrnt i_ "tie%% Fi4>re rawer aril i ender ,tgrrr t.z otfir+ trrnw t *1' prvrrxKit_ shr%r arnounl% %haU #x;it tatrrrst ti.,en
<br />the date .,t th%KVr%r:nent Al stir Nole r -oc ant) ,4.411 tir pa -.ihir wont tnt -4,1_ or.., r++,ear 1s.+rn l t, r..tat i,- lira —r, -
<br />z rttitKi, rag {,a s ter n i
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