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6-- 104806,
<br />L'I, i €t.kat C tip t 4 T Borrower and Lender co%enant and agree a; follow,
<br />L Payment of Principal and Interest; Prtpayuwnt and Late t'harges. Borrower shall promptly pay when due
<br />the principal -'f and interest on the dcht evidenced by the time and any prepayment and late charges due under the Note
<br />2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender ;rn the day monthly pay menu are due :.order the ',vote, until the Note is paid in full, a sum f "Funds `i equal to -
<br />one - twelfth of W }earls taxes and assessments which may attain priority over this Security Instrument fb, yearly
<br />leasehold pasmcnts or ground rents on the Property, if any, (c) yearly hazard insurance premiums= and (d) yearly
<br />mortgage insurance prcmtums, ;fan) Three items are called "escrow items." Lender may estimate the Funds due on the
<br />halts of current data and reasonable estimates of future escrow items.
<br />-- The Funds shall he hold in an institution the deposits or accounts of which are insured ctr guaranteed by a federal (n,
<br />state agency !including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items,
<br />Lender may not charge for holding and applying the Funds. analyzing the account or verifying the escrow items. unless
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br />Lender may agree in writing that interest shall be paid on the Funds, unless an agreement is made or applicable law
<br />requires interest to be paid, Lender shall oat he required to pay Borrower any interest or earnings on the Funds- Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds, and the
<br />purpose for which each dchit to the Funds was made The Funds are pledged as additional sccuity for tlir sums secured by
<br />ihisSecunty 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, shall exceed the amount required to pay the escrow items when due, the excess shall be.
<br />at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />amount of the Funds held by Lender is not sufficient to pay the escrow items when due, florrc,wer shall pay to Lender any
<br />amount necessary . to make up the deficiency in one or more payments as required by lender.
<br />Upon payment in full of all sums secured by this Security instrument, Lender shall promprh refund to Borrower
<br />any Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender, Lender shall apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by Lender. any Funds held try Leader w the time of
<br />application as a credit against the sums secured by this Security Instrument
<br />3, Application of Pal - meats. Unless applicable law provides othem-.tsc. all payments received by Lander under
<br />paragraphs I and 3 shall be applied: first, to late charges due under the Note: accon -d, to prepayment charges due under t he
<br />',vote third. to amounts payable under paragraph fourth. to mterest due. and last, 10 pnncrpai due.
<br />4. Clear Liens. Borrower shall pas all taxes. assessments, charges. fines and tmpcmtwm attributable rb the
<br />Property which may attain priority over this Security Instrument, and Icasehcld payments or grnund rents. if airy
<br />Borrower shall pay these obligations in the manner provided in paragraph l', or if not paid in that mariner. er. Borrower shall
<br />pay them on time directly to the person owed payment. Borrower shalt promptly furnish to Lender all notices ofarnounis
<br />to be paid under this paragraph, If Borrower makes these payments directly. Borrower shall promptly furnish to Lender
<br />receipts evidencing t he payments_
<br />Borrower shall promptly discharge any hest winch has priority over this Security Instrument unless Borrowcr: Lai
<br />agrees in writing to the payment of the nbitgation secured to the lien in a mariner acceptable to (,ender; (ii) comesm in good
<br />faith the lien by, or defends against enforcement of the ber. in. legal proceedings which in the Leader's opintort operate to
<br />prevent the enforcement of the lien or forfeiture of any part of the Property; or 4c) secures fromi the holder of the hen an
<br />agreement satisfactory to Lender subordinating the Bert to this Security Instrument. If Lender detername, that any part if
<br />the Property is subject to a lien, which may attain priority over this Security Instrumeru..Under may g,.-,e Borrower a
<br />notice identifying the lien. B,'trrower shall satisfy the hen or take erne or more of the actions set forth abn }c within 10 days
<br />of the giving of notice.
<br />S. Hazard insurance, Borrowcr shall keep the improvements now existing or hereafter erected on the Pr spert%
<br />insured against loss by fire, hazards included within the term "extended coverage" and any otbcr hazards for which Lender
<br />requires insurance This insuranca shall be maintained in ,hc amounts and for the period, that Lender requires The
<br />insurance carrier providing the insurance shall he chosen by Borrower subject to Undei s appn?vai which sl-ail r-kA be
<br />unreasonably withheld
<br />All insurance policies and rcziewals shall be acceptable to Lender and shall include ,a standard mortgage c'lausc
<br />Lender shall have the right it, hold the;xolicses and renewals. If Lender requires, Borrower :!tail promptly ,give to Lender
<br />all receipts of paid premiums and renewal mallets In the event of loss. Borrower shall give prompt notice to the tnsurancc
<br />carrier and Lender. Lender may maize proof of less if not made promptly by B.orri wer
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied io restoration tr repair
<br />of the Property damaged. if the restoration or repair is economically feasible and Under 's security is not lessened If the
<br />restoration or repair is not eccaiomically feasible or Lender's security would be lessened. the insurance proceeds shall be
<br />applied to the sum, secured by this Security Instrument. whether or not then due. with any excess paid io Borroarr If
<br />Borrower abandons the Property, or does not 3nswcr within 30 days a notice from Lender that the insurance carer has
<br />offered to settle a claim, then Lender may ci:,11rct the insurance proceeds Lender snag use the procecds u , ma:r :. r t-
<br />the Propeny or to pay gums secured by ibis Security Instrument, whether or not then due The 10 -day peri,ki
<br />when the notice is g;vcn
<br />Unless Lender and Borrower `,therwise agree sit writing, any application raf proceeds t, principal site �. ".^
<br />pos Nne the due date of the monthly payments referred Tom paragraphs I and 2 or change the amount
<br />under paragraph l a the Properly is acquired by Lender, Borrower's right to any msurancc p, =l;cic and rr cced: '.t-_
<br />front dam.Age to the Proper--) prior to the a qursitf Ott cha.; pasv 1c, Lender to the extent r f the sums sccu eel t } a is � .:- ,w
<br />Instrument immediately Lorin to the acquisition
<br />b. Preservation and Maintenance of Property, Leaseholds. Boat wer shat! not destrs,}, damage z-4
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<br />em - r n. t �T a -
<br />Borrower shall comp! 4 with The p rov- .sions t f the Itai{, and if Birro%cr acquaLi, fee title by the Proper,} the ica}en rd ZM3
<br />I" title ahaa not merge unless Lander agrees tit the merger in w rising
<br />I. Protection of Leader's Rights in the Proven), Mortew Insurance. 11' Borrower falls a<' - -_ _„c.t,., --r •itr
<br />covenants and agiecxncnts,:;oniwncd in this Sec unty Instrunient. or there is a legal proceeding that may s gn f l-An ?'t,
<br />Lender's rights in the Property tsuch as a proceeding in bankruptcy, probate. for condcrtanation err to rnt nttc ta> , c,r
<br />regulation -1, then Lender may do anti pay for whatever a necrxvary to protect the value of the Properi% at, , I. enje, = -,c i,,,
<br />m the Property L rndtt's actions ma} include paying any sums secured by a lien which has riniirit} hr. 4 ....,.
<br />Invtrument" appearing it out', , xij mg read ^rcablc aticarruy}` fe s and entering can she Pr>perty 10 nsai:r leas, .y r
<br />I ender -tray taus a t:on sander this paragraph L- t,sder da+es sot have t,t dti s�
<br />An,, ar* uni, i tshurTed by tender under this paragraph 7 shall l'V4 "mr add li+onai tie; t > S-
<br />'ht •,,�_ _ r_ _ 4.
<br />4r_t,r .� lriE! y n, x,> L - ", .ix,v H.tr „wet and ! c:;Jer agree t: <.-*h^- it-rt, < -t r .. }n..,:•. i writ tire, .,. ...< °�
<br />- "u as ihe tiusr rAlr .r ;ic4'#rein he rasa ^`;c - wiiPt :',t�s r4 rir *'. ri"Ig' - r,�S •, !,_�" tr.
<br />"s;.�... .nix "':Ni ••.. ,.
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