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<br />di— 100027
<br />tit f,ORM Ott, ") *IAN IS Borrowei and L,euder cmenarlt a Ill agree as 1OlItMs:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall I rill"P ly pa\ %%ilcrl 'hie
<br />the principal of and interest on the debt evidezlced by oil r Note and any prepayment :attd laic el iigcs due .luk 1 t h Nl,te
<br />2. Funds for Taxes and Insurance. Sub) ce• Tloapplfcahfe law stfnawrilumwaivcrMlencf r Batnnves nalipsv
<br />Tcl Lender on IIi • day monthly payments are due under the Note, until the Note is paid in fill a sit In (-F aud' t c -II,al to
<br />one - twelfth of (a) yearly taxes and assessments ty'hich may auxin Priority o,er this. Security i i,irumcnt' ihl %e ;o1%
<br />leasehold payments or grouted rents on the Property, if any. (c) ycirly haiard insurance prelnim.ls: and (d) -iolF
<br />mortgage insurance premiums. if :any. These item,, are called °escrow na. ms " Lender may esitmatc tLc Funds duc on the
<br />basis of current data and reasonable estimate' of future escrow items -
<br />'I
<br />The Fund i shall he held in all institution (lie depll011, or aCCa,llntti Of Which are insured or ,guaranteed by a fed,: -i i a
<br />stale agency (including Lender if Lender is such ail institution). Lender , haall apply the Funds ul pa } lice esir:lw ifcrus.
<br />Leader p ss
<br />may slot charge fur holding and applying the Funds, analyzing the account or verifying the escrow" penis, unic
<br />Lender pay's € orrower interes; (,it the Funds and applicable Lax permits Lender to inake such it Jtaree. Borrower and
<br />Lender may agree in writing that interest shall be paid tin the Funds. Unless an agreement f,, made or applicable law
<br />requires interest u, be Paid. Lcncler shall not be requited to pay Borrower any interest or eat nines on Ole Funds. Lender
<br />shall give it) &lrrower, wilhaaut charge. an .annual accounting of the Funds showing credits and debits it* the Funds and the
<br />purpose for which each debn to The Funds was made. The Funds are piedged ac addiitalnal sCCUflit' for the sums st!-lied h\
<br />this5ecurity Instrument. _
<br />_
<br />If the amount of itic Funds held by Lender, together with the future monthly pat nient,, elf Funds payable prim L>
<br />tile clue dates of the escrow items• shall exceed the amount required to par the escrtlll it e'rll,, when due, the cxc,- ", 'tat] be.
<br />at Borrower',, caption. either promptly repaid to Borrower or credited to Borrower on monthly paynierns of Funds. If the
<br />amount (,fill,: Funds field by Lender is not sufficient to pay the escrow items y%hen due. Borrower shall pay It, Le ,der any'
<br />amount necessan io make up the deficiency in one or more payments as required by Lender.
<br />Upon paynieri€ in full of all sums secured by this Securriv Instrument. Lender shall prompth refund To Borrower
<br />any Funds held by I.ender. if under paragraph 11) 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 Flnldt, held by Lender at the hine of
<br />application as a credit against illesums secured by this Security Instrument.
<br />3. Application of Payments. Unless applicable law provides otherwise, :it! payments recei%ed by Lender under
<br />paragraphs I and 2 shall be applied: first, to late charges stile finder the Vote: second. to prepayment charges due under the
<br />Note: third, to amounts payable under paragraph 1. fourth, to interest due: and last, to principal due.
<br />4. Charges; Liens. Borrower shall pay all raxcs, assessments, charge, . tines and impositions attrihutabfe to the
<br />Property Which may attain priority oker this Security Instrument, and leasehold payments or ground rents. if an%.
<br />Borrower shall pay these ohligattcn s" in cite manner provided rri Paragraph _'. or if not paid in itlat manner. Borrower shall
<br />pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender ail notices of amounts
<br />to be paid under this paragraphs. If Borrilw'e't make,, these pav'nlents direct%. Borrower shall promptly furnisil to Lender
<br />reccipT , evidencing the payments.
<br />Borrower shall promptly- discharge any lien which has priority over till,, Security Instrument unless florrow'cr: (it)
<br />agrees to writing ill the payment of the o'blit ation secured by lilt lien in a planner acceptable to Lender: (h) contest' ill good
<br />faith the lien by, or defends against enforcenicni of The lien in, legal proceedings which in the Lender's opinion operate In
<br />prevent the enforcement of the lien or forfeiture of any part of ilie Property: or ic) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordniialIng the hen to this Security Instrument. If Lender deternlfncs that any part of
<br />the Property is subject to a ]tell which May attain priority' ocer this Security Instrument, Lender may give Borrower it
<br />notice identifying the heal. Borre' wear shall satisfy Tile hen or take one or more of the actions set forth above within 10 day,,
<br />of the giving of riot ice.
<br />5. Hazard Insurance. Borrower shall keep the improyernents now' extsting or hereafter erected on the Properly
<br />insured against host, by fire, hazards included within the terns "extended coverage" and anv other hazards for which Lender
<br />requires insurance. This insurance shall he maimained in the amounts and for the periods that t.ender requires. The
<br />insurance carrier providing Tile insurance shall he chosen by Borrower subject to Lender's approval which shall not he
<br />unreasonably withheld,
<br />All insuranee policies and renewals shaft he acceptable to Lender and shall include it siandard mortgage clause
<br />Lender shall have the right to hold the poficies and renewals. If Lender requires. Borrower shall promptly gilt ii+ 1_clidcr
<br />all receipts of paid premiums and renewal notices. in the event of loss. Borrower shall give prompt notice to the insurance
<br />carrier and Lender_ Lender may make prool- ofloss Knot made promptly be Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair
<br />of the Property damaged, if the restoration or repair is economically feasible Ind Lender's security is not lessened. it the
<br />restoration or repair is not economically feasible or Lender's security would he lessened, the insurance proceeds shall he
<br />applied to the sums Secured be this Securny Instrument, whether or not then dlle. will, ally excess paid To Borrower. If
<br />Borrower abaildsan' the Properv.. or dies not answer %ithln sr.l dayt, it ntlltce front LCilder that lI1C In,,Ur.tnCC carrier has
<br />offered to setae a cl:nnl, then Leader may collect the insurancc proceeds, Lender nray use the proceeds to repair or reculre
<br />the Property or to pay sums secured by this Security Insfrurneni. whciher or not them due. The 30 -day period I %ilt begin
<br />when tine notice is given.
<br />Unless Lender and Borrower otherw"i,,e agree in writing. any application of proceeds to principal shall not cxtene?
<br />postpone Tile due date of ilic monthly pavlilents referred to In paragraphs I and -' or change tile amount of the payments- 1i
<br />under. paragraph 14 the Property is acquired by Letides. Btlrrower's right to any Insurance polities and pn?cceds resulting
<br />from dalilagc to the Property prior to the acquisition .half pass to Lender to the extent of the sums secured by till' tics urily
<br />Itrnunil'nl irinnechateiy prtOr to the acgm,,n1iln.
<br />b. Preservation and Maintenance of Property: Leaseholds. Borrower shall not destroy, damage of suhstantiali
<br />change Ole Propert A', allow the f roperty to deteriorate or iollinit€ wa,,I C. 11 tillti Sicuhty instrl meat is on a lca,,c:lold
<br />Tiitl'rOWer shall Ctampil' tx'nh the pros t'wll, <, rile lease, and it 1T��r C„wtr :ii iP 111 rC,, tee title to the Propc:rfy, the leasehold :lilt€ -
<br />- -..-
<br />tie title 'hall not Inerge unless Lender agrees to the inerg'er € l wriliilg.
<br />%. Protection of Lender's Rights in the Property: Mortgage Insurance. If Burrowtr falls to pc•1't:lr,n
<br />,:oyvll"tint,, And agrtem�'nt,, Ct'niained ill till, tiecurn ?," 1ilnFtnnlc nl, or there !,,I legal pros- ceding that illyA''lginlic.uIllV alit'(
<br />L_eilders rights in the Properly isuch its I proccealiiik iii batikrutttc \, pr,,hate. fear condcr'inati n `r r( -11'1 et'
<br />regtdautTti'I °beta I.eit ter m'.i\ d -. 31 of pay' fc9r whateier 1' i:e "'Sry let .i "rl(elI file y a -lei t the i r'lpell5 ! ld i Ilti 1' ;2
<br />in the Prvpxrt4 Lends ,, ai:nt its nra% Ill'mide pi \in, n,e ,, 1ll,,,,elure 1 1 .i e 1 will h plc hi `t'li
<br />furl# ari3:.tit
<br />.3p;-Waring army, n t *u p lylile to tuinabit §Ere r ie\ fvc—ltltf I i I il.', n ii Pr r!\ ..l ill In
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