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89-- 104797
<br />U' tIV aRxt Cc ;v=4As_F' Rotr caw -erand Lender covenant and agree as t allows
<br />1. of Principal and Interest; Prepayment and.Late Charges Borrower shall prrimptiv fray iv lien due -
<br />the prulopal ,,f and interest on Ilie debt evidenced hN the Norte and any prepaN mcr,t and late charge,, due under,, he Note
<br /><. Fonds for Taxes and Insurance. Bodied w applicahic clew nr to a written waiver by tender, Borrower shad: pay -
<br />to Lender on the day monthly payments are due under the ?vote. until the Note rs paid to fn11. a sure ("Fund," I equal tea_'
<br />one- twelfth of: (at yearly taxes and acsessrncnis which ma% attain priority over this Security instrument: (h) vi it€
<br />leasehold payments or ground rcpt% can ncc Property; tf any: ic) yearly hazard insurance prcniiums; and (d) yitiv
<br />mortgage insurance premiums, ifariv These items arc called "'esi rerw itcros-" Lender may estimalc the Funds due on the
<br />basis ofcurrettt data and rraseaiiaFle cstimatcs trf future rscrnu items.
<br />The Funds shalt fie held in an Institution the deposits ou accounts of which are insured or guaranteed by a: tederai or
<br />state agency fincludmg Lender if Lender is such an institution). Linder %Fall apply the Funds to pair the escrow items;
<br />Lender may not charge for holding and applying the Funds. analyzing the account or verifying the craw ttwms, units}
<br />r, Lender pays Borrower Interest on the Funds and applicable law permits Lender to snake such a charge_ Harrower and
<br />Linder ma} agree in wntmg that interest shall he paid on the Funds, Unless; an agreement I% made or applicable'law
<br />requires interest to he paid. Lender shall not he required to pay Borrower any interest or earnings on rice Ftttuls: Lender
<br />shall give to, Borrower, without charge. an annual accounting of the Funds %hoveing credits and debits i€athe'Fundcand the
<br />purpose For which each dchit to the Funds was made. The Funds are pledged asadditieonal security for thesums secured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, together xtih she future monthly payments o X .Funds payable prior to
<br />the due daces of the %crow Items, shalt exceed the amount required to Lac the cart ?w items when disc. she isles% shall br.
<br />at Borrower's (Ttion, either promptly repaid to Borrowererr credited to Borrower on monthly paymentscifFunds. If the
<br />amount of the Fund% held by Lender is not sutHcicni to pay the escrow items when due, Borrower slim; pas to Lendcr any
<br />amount necessarc to makeup the deficiency in oncor more paymcnis acs required by Lender.
<br />Upon payment in full oaf all sums secured by this Security Instrument, Lender shall prornpily refund to Borrower
<br />any Fund,, held by. Lender- If under paragraph 14 the Property is sold ur acquired by Lcnder, Lender shall apply, no later
<br />than immediately prior to the stile of the Properly or its acquisition by Lender, any Fund-, held by Lender at the time of '
<br />application as a cxtrlit against the sums secured by this Sm -unty Instrument.
<br />3. Application of Pa) !Unless {mess apphrablr caw provide, otherwi>e. all payments received by Iender tiitdea
<br />paragraphs € and '_ shall be applied: first, it- €use charges due under the Note_ scccond, to prepayment charges due under the
<br />Note; third, w amounts payable under paragraph 2; fourth. tointerest due: aril last, tc principal due.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments.. charges; fries and impositions attributable to the
<br />Properly which may attain priority over this Security instrument, and leasehold payments or ground rents if arty.
<br />Borrower shall pay these orbligatians in the manner provided in paragraph Z, or lint paid in that manner, Borrower shalt
<br />pay them on time directly to the person owed payment Borrower shall promptly furnish to Lender all I n tires rf amounts
<br />-1x1 he paid under this paragraph, If Borrower makes these payments directly, Borrower shall promptly furnish to Lender--
<br />rtceipiseviden ing the payments.
<br />Borrower shall prompt') discharge any lien: which has priority over this Security Instrument unle!:s Liorrowcre (Al
<br />agrees in writing to the payment of nc� abhgatitxt se4urrd by the here Ina manner acceptable to tt I +ntests in good _ -
<br />faith the lien by. or defend against enforcement of the lie
<br />n irt, -legal proceedings which in the Lender's opt um oPtnate tti
<br />prcy'rri the cxnforcernent of the lien or forfeiture of any part of the Propmy; or (c) secures from the holder -af the lien an
<br />agreement satisfactory to Lender sutxorduiaung the lien to this Security- Instrument,. If Lender determines that any part 'If
<br />the Property is suii}ect to it lien which may attain pnonly over this Security Instrument, Lerider may give Bnsroa� $
<br />notice identifying the lien. Bcisrnwrir shat' satisfy the hen or take caste or snore of the actions set fnrtih alxice within Itldays
<br />of the giving of noxi€c.
<br />S. Hazard tasurariee. Norri,wGr :hall keep the improvements now existing or hereafter erected eki the Property
<br />insured against loss by fire, hazards arcluded within the term "extended coverage" and any other hazardstbr i ;hik.-#t Lender
<br />requires insurance This insurance shall i+e maintained in the amounts and for the pericids that Lender requires.,The
<br />insurance carrier peon id Mg the tnsaratiCc shall tee chosen by Borrower subject to benders approval wfilich shall earls he
<br />unressonabl% withheld
<br />All insurance policies and rencwais shall be acceptable to Lender and shall include a standard mortgage . esee. ,
<br />Lender shah have the right to hold the policies and renewals. If Lender requires, Borrower shall priegrptly give to Lamer
<br />All receipts of paid premiums and renewal notreees. In the event of lass_ Borrower shall give prompt to isle r? the i s��rgxe
<br />.arricr and Linder. Lender Ina% make proof of kiss if not made promptly by Borrower,
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration cir repair
<br />t the Prcperty damaged, if the restoration or repair is ecoffomic ally feasible and Lenders security is rivet lessened If the
<br />restoration or repair is Hilt economically feasible or Lender-' security would be le=ssened, the insurance proems "I be
<br />applied to the sums secured by this Security instrument. whether or net then due. with any excess paid to Borrower, if
<br />Borrower abandons the Property. or does not answer within 30 days a notice from Lender that the insurance carrier has_
<br />offered to settle a claim. then Lender may collect the insurance proceeds. Lender may use the proceeds to repairovr restore
<br />the Property or to pay slims secured by this Security Instrument, whether or not thin due. The at) -day period will begin
<br />when the noticc is given.
<br />Unless Lender and Borrower otherwise agree in writing, any application cif proceeds to principal shall not extend n
<br />postpone the due date of the monthly pay meats referred to in paragraphs I and 2 orshange the amount cif the pasmesits if
<br />under paragraph lot the Property is acquired by Lender. Borrower's right to any insurair r policies and pr:>zceds resulting
<br />from damage ts: the Property' prior to the acquisition shah pass to Lcndcr to the extent of the sums secured by this Soy: unto
<br />'Instrument Immediately prior to the acquisition
<br />6. Preservation and Mitiptenance of Property- Leaseholds- Horrn,_.rr chili_ nra a—t� AYn . , a
<br />- change the Property, allow the Property to deteriorate or commit w -astc- If this Security Imtrunient is Ono a leasehold,
<br />Borrower shall comply with the provisions of the lease, and if Borrovvct acquires fee title to the Propertc. " the leasehold and
<br />fee title shall not merge unless Lender agrees to the merger in w riling
<br />7. Protection of Lender's Rights in the Property; Mortgage Ltisnrance. If P-Irrimer fails to lcrform the
<br />covenants and agreements contained in this Security Instrument. or there is a legal proceeding that Ina) slginficanliv affect
<br />Lender's rights in the Property (such as a procecdmj; in bankruptcy. probate, for condemnation or toe enforce lawl" or
<br />regulationv), then Lender may do and pay fot whatever is necc%sary to prtotect the value ufthc Property and L.cnder'% rights
<br />fit the Property. Lender's actin ro, may include paying any surns secured by a lien which has priority over this 4Stsumi
<br />Instrument, appearing in court, paying reasonahic: attorneys' fees and entering on the Praperty it, make repairs Althougth
<br />Lender nay take acuon under this paragraph', Lender drys not lea vctci do w,
<br />Any amounts disbut%cd by I- tinder under this paragraph ". hall heconic actdalo sal Behr of I'i, n ,wcr W,Ctoed t-v the
<br />!iccurity Instrument Unle,a Brrrriwer and Lender atgrer- to other tcrnis If payrn' -w these anumilly shalt brar autt race fraatii
<br />the (lair of di%hurwment a! the flute ttitc Ind shill Fh pacatlx wet'h iiitt'rat, up,in tittle ", f'reitti_ Ir1i'lle I, Fi,vr+,wei
<br />reqursitng p.ey mew
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