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<br />87�- x.00047
<br />Cti[a Fttt�+a C'ti> e ^.��iti ]i�,�rrouvs.r <at,a Len ire, ccjten;tnt and s�;rec a, ft,lht�t -
<br />1. Payment of Principal and Interest, Prepayment anti €.ate. ('barges. Borrower ,hail p;ormptly pio %thvii du,
<br />tile, principai iofand into vst on the debt evia.i:.ncei by the Note Land 'M III Cj_,ayincnt Mid lath charges tine under dic Aolc.
<br />2. Funds for Taxes and Insurance. Suhiectio apphcahieltawortoawrittcnwaiy_ rhtLcildcl, laay
<br />to Lender on the day rnorithiy pavmesili, ate iltiv umkj .r ,hc No c ,rruli 11',C s:nt ; paid , full, a st t i ( Ion at ) rque' io
<br />ottc t•,velfth o f i al yearly taees u d asses etiis wi :t rot tt ottaiti I n<vily over this S curtly InsIVI met t (H ye, aril}
<br />leasehold payvne is or �rosnd rents =n .hz properT,, if anti tit ye,rrly hazard insteranr premiums: and (kh .earij
<br />mortgage insurance premturns, ti aay. fl..sc =.4n.s ilre caileel "escrow it..rtm." Lender imix Nlimitte the Fund due core the
<br />hasisofcurrenl data and reasonableestimato,A future e crotro aerate
<br />The Funds shall he held ;n an instittrurn the derx?slis or accounts of which are Insured or ;uaranlecd by it fi�deral or
<br />state agency iincluding Lender if Lender is such an instilu,rin) _ I -ender shall apply the Funds to pap tote escrow items.
<br />Lender mat not charge for holdinsL and appty:ng the Funds artalyzit,g the account or icrifyiug the escrow items mtless
<br />Lender pays Borrower interest on the Fords and applicable law permits Lender to snake such a charge_ Borrower and
<br />Lender may agree in writing that interest shall he paid on the Funds. Unless an :agreement is made or applicable law
<br />requires interest to he paid. Lender shall nor be required to pay Borrower :ntty interest or earnings on the Funds. Lender
<br />shall give to Borrower, withoul charge. an annual accouniine ()fill,: Ftruds showing crodits Lilt(; debits to the Funds and the
<br />purFmse for which each debii tc) line Funds was made. The Farads are pledged as additional security for the sums secured by
<br />this Security Instrument.
<br />If tire amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior lo
<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 Bvirrowei's option, either promptly repaid to Bor o%ter or :redifed to Borrower on mamthly payments of Funds- If the
<br />amount of ilte Funds held by Lender is not sufficient to pay the escrnv items when due. Borrower shall pay to Lendcr any
<br />amount necessary to snake up the deficiency in one or more pay ments as required by Lender.
<br />Upon payment in full of all sums secured by this Security Instrument. Lender shall promptly refund ru Borrower
<br />any Funds held by Lender. If tender paragraph i> 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 be Lender, any F=unds held by Lender at the time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />3. Application of Payments. Unless applicable law provides ofha rwise, all payments received by Lender under
<br />paragraphs 1 and 2 shall he applied: first, to late charges due miller the Note: second, to prepayment charges due under the
<br />Note: third, to amounts payable under paragraph 2: fsurth. to interest due: and last, to principal due.
<br />4. Charges; Liens. Borrower shall pay all tars. assessments, charges, fines and impositions attributable to tlic.
<br />Property which may attain priority cover this Security Instrument. and leasehold payments or ground rents. if arty.
<br />Borrower shall pay these obligations in the manner provided in paragraph 2, or if not paid in thal manner, Borrower shall
<br />par- theta on tonne directly to the pers0in owed Payment. Bore, +saver shall promptly furnish to Lender all notices of amounts
<br />to be paid under :his Paragraph. If Bcorrc,wer retakes these par t ients directly. Borrower shall promptly furnish to I..finder
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge cane lien which has priority o%er this Security Instrument unless Borrower (a)
<br />agrees tit writing to the payment of the,ibliganon secured by the lien in a manner acceptable to Lender: lbl contests in good
<br />faith the lien hy, air defends against en@isrcetrent of the lien in, legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any part of the Property: or (e) secures from the holder of the lien art
<br />agreement satisfactory to Lender subt}rdinatmg the lien to this Security Instrument. If Lender determines that any part of
<br />the Property is subject to a lien: which may attain priority over this Security Instrument, Fender may gfae Borrower if
<br />notice identifying [he lien. Borrower small satisfy the hen or take one or more of ilne actions set fierih above within 10 days
<br />of the giving o€ notice.
<br />5. Hazard Insurance. Borrower shall keep the iruprovennenis now existing or hereafter erected on the Property
<br />insured against loss by fire_ h,aiaids tnciuded v shin the lerna ";- xtendcc: ceyerage' and airy oilier hazards for which Lender
<br />regvires insurance. This insurance shall be main €aincd in the amounts and for the periods that Lender requires. The
<br />insurance carrier providing the tnsurance shall tie chosen by Borrower subject to Lender's approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall he acceptable. to Lender and shall include a standard mortgage clause.
<br />Lender shall have the right t(. hold the policies and renewals. If Lender requires, Borrower shall promptly give to Lender_
<br />all receipts of paid premiums and rc�tnewal nimces. In the event cif loss, Borrower shall give prompt notice to the insurance
<br />carrier and Lender. Leader may make proof of lists if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in w rising, insurance proceeds shall be applied to restoration or repair
<br />of the Property damaged. if the restoration or repair is economically feasible and Lender's security is not lessened. If the
<br />restoration or repair is nest economically feasible or Lender's security would be lessened, the insurance proceeds shall be
<br />applied to the sums secured h} this Security Instrument, whether or not then due, with any excess paid to Borrower. If
<br />Borrower abandons the Pro€ ertp, or does not answer within '0 days a notice from Lender that the insurance carrier has
<br />offered to settle a Maim. then Lender may collect the insurance prakeeds. Lender may use the proceeds to repair or restore
<br />the Property or to pay suits secured by this Security Instrument, whether or not then due. The 30 -day period will begin
<br />when the notice is given.
<br />Unless Lender and Borro+aer,sthvrwise agree in writing, any application 4proceeds to principal shall not extend or
<br />postpone the due date of the €n,"ilhiy payments referred to in paragraphs i Lind 2 or change the amount of the pay merits if
<br />under paragraph IN tilt. Property is acquired by Lender. Borrower',; right to any insurance policies and proceeds resulting
<br />from damage to the Property prior so the acquisition shall pass to Lender us tote extent .,f the sums secured by tins Security
<br />Iststrument immediately prior to the acquisi €i(nn.
<br />6. Preservation and Maintenance of Property; Leaseholds. Borrower shall not destroy, damage ear suh,tanriaN%
<br />change tfre Property, allow the Property tri deteriorate or commit waste_ If this Security Instrument is cn a Icasehoid.
<br />Forrower shall comply wish the pros isions A the lease. and if Retry,%er acquires fee title it, the Property, the leasehold and
<br />fee title shrill not merge unless Lender agrees to the merger in writing.
<br />7. Protection of Lender's Rights in the Property: Mortgage Insurance. if Borrower fails to perform rlie
<br />coi, enanis Lind agreemems: onla llledm this Sccur; re1st.> trnu _a,.,- rt,are. legalIir.o:cct .z' that matsiani(�canifs,iti��.t
<br />Le,ider's rights in the Property ;such a, a prc""dittc in ban€rupte shat urdemnaitcn ur it> erit;,rrc Rows . .
<br />regulationcl. then I.raader may doanti pay - or'Whaiece.r Is ne wary t prtotecr the +clue o4rh'• Pronert} ant':: ett,frr'� t =sa=t,
<br />an the Property Lender's actions rrtay ra ;chide pcaci g =ant cams W,:Ort -d h. a I:en Mirth has rinniy „ter this tit,curu:
<br />3rtstr0atrtznf ap ha artrg oust l akmg rcasuterihl: atti_rnrys tees any' ntc nit, ta; ill,- Prop'-ft., to teh;nrs.
<br />!_etaaSet rrtaa tLilt ac at irw,c..r stets t,ae <agraph I..t110E t does 11''t }lase t i c
<br />Ant. a, ea out, dssn sirsvd 110 I ende" umlcr thi, l aray.r.tph 7 ':us.,' a gnu ,;,i'itt,=.n,ar dch• of H i,rnarr ,t ;;, d 1,0
<br />Ir, ,rs,tev!v I n'csn, II, r. awes IM ,1 1:._tl0 (` :.Lib.. to .,1 i,. :, ,:re, t ; aGt ..rte Ow— umOuu; Arai tsar 1 ti re "1 1,,1e,;
<br />the Jatr of ,t „tz.u..ern,., „t . tic ra__ 'Alth Est ^;.. _ vi•i ,, ti, , i...;111. I ;,• :;., :0ri
<br />rya s ..i ¢t1£ a; tax °!i3
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