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5® 000973
<br />Lender pays Borrower Interest on the Funds and applicable law permits Lender to make such .i 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 not be 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 debit to the Funds was made. The Funds arc pledged as additional security for the sums secured by
<br />this Security 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, Borrower 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 promptly refund to Borrower
<br />any Funds held by Lender If under paragraph 19 the Property is sold or acquired b} Lender, Lender shall :ippl-., no later
<br />than immediatci% pnor to the sale of the Property or Its acquisition by Lender. any Funds heid b% !.ender at the rime cf
<br />application as a credit against the sums secured h% this Securer% instrument
<br />3. Application of Payments. Unless applicable law provides otherwise. all payments received by Lender under
<br />paragraphs I and 2 shall be applied: first, to late charges due under the Note; second, to prepayment charges due under the
<br />Note: third, to amounts payable under paragraph 2, fourth, to interest due; and last. to principal due
<br />S, Charges; Liens, Borrower shall pay all taxes, assessments, charges. fines and impositions attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold payment; or ground rents, If any
<br />Borrower shall pay these obligations in the manner provided in paragraph 2. or If not paid in that manner. Borrower shall
<br />pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph If Borrower makes these payments directly, Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower (a)
<br />agrees to writing to the payment of the obligation secured he the hen In a manner acceptable to Lender ' tb) contests In good
<br />faith the lien by, or defends against enforcement of the hen in, legal proceedings which if% [lie Lender's opinion operate ro
<br />prevent the enforcement of the hen or forfeiture of any part of the Property. or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating 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, Lender may give Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set firth above within 10 days
<br />of the giving o1'notice.
<br />5. Hazard Insurance. Borrower shall keep the Improvements now existing or hereafter erected tin the Property
<br />insured against loss by tire. hazards included within the term "extended coverage-and any other hazards for which Lender
<br />requires insurance. This insurance shall he maintained in the arnounis and for the periods that Lender requires The
<br />insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be acceptable it) Lender and shall Include a standard mortgage clause.
<br />Lender shall have the right to hold the policies and renewal. If Lender requires. Borrower shall promptly give to Lender
<br />all receipts of paid premiums and renewal notices. In the event of loss, Borrower shall give prompt nonce to the insurance
<br />carrier and Lender Lender may make proof of loss if not made promptly by 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 and Lender's security Is not lessened. If the
<br />restoration or repair is not economically feasible or Lender's security would he lessened, the Insurance proceeds shall be
<br />applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. if
<br />Borrower abandons the Property. Or does not answer within 30 days a notice irom 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 repair or restore
<br />the Property or to pay sums 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 Borrower otherwise agree In writing. any application of proceeds to principal ,flail nut Extend or
<br />postpone the due date of the monthly payments referred to In paragraphs I and 2 or , flange the amount of the payment, If
<br />under paragraph 19 the Property is acquired by Lender. Borrower's right to any insurance policies and proceeds result9nd
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by [his "CLIffit%
<br />Instrument immediately prior to the acquisition.
<br />b. Preservation and Maintenance of Property; Leaseholds. Borrower shall not destroy, damage (,r suhsiantlali\
<br />change the Property, allow the Property to deteriorate or commit waste If this Security instrument Is on .I ivawhol%l.
<br />Borrower shall comply with file provisions of the lease, and if Borrower acquires fee title to the Properr%. the Irasrhoid anti
<br />fee title shall not merge unless Lender agrees to the merger In wi iting
<br />7. Protection of Lender's Rights in the Property; NfortRage insurance. It Borrower tails to perform 1hr
<br />covenants and agreement %t:ontalned In this Security Instrumeni. oI It1CfC IS ,1 h'u.11 prl ll eed lrlg If1;91 ni.11 �Igt11 f1iallUti .e )t c•, 1
<br />Lender's rights in the Property (such as a proceeding In bankruptcy. probate, for condemnation I,I It, rnlof \C LINO
<br />regulations), then Lender may do and pay for whatever is necessary to protect ttic k:due of the Properts and f ender s t il;hts
<br />In the Properly I Crldef 1 dLIl(lfls May InClUdC payint, ally %tonti secured h% .1 lire! Nhlt:ll ti;9s ptln(Ih ,`%c °I this '10, U1-1%
<br />Instrument, appearing ill court. paying reasorlable attorney% tees and eniering on the Propews Io nmke ictimiti
<br />Lender nlav take :icnon rind of On% paragraph ". I- ender dtics 11o1 have 111 dU Wt1
<br />Any A rTiounisdishursed iiv Iundel udder [tits paraglaph 7 shall beit'rnc x\1.11U ti,ii Mehl .,I H. irl,N%cr �C.. 11; ,'il I`% ill!\
<br />Security In%It Unlerlt I rl less BotTower it id I c'ndei agree Ill.iI her ivrov, I,I pits itwnl. owNt• an,,,mi is %li.Iii I,t'.91 Iii 11'•t''t I!, I5I
<br />the (late 111 eilsbur%ement it the Mite r.kic Ind shall he pav;Illle, %%till Iflit'l -11 I.• 11,111
<br />re$ ucIitmg pay,neili
<br />It I.Cndef reclutred motlgave itl%urant.:e as ;1 Ct ndilltnl III making the ;Ii ;911 "I'Liliccl by 1111, tie%lltll% 111silll '-w
<br />Burrower shall pay rite pren"14111s f7- (Wlred Ill it allitain the Itlswan,:e Ill ellv(,l Ilittil 'o, ll flint' ,IN iIIC Ir.•clllornitt t I.,r llw
<br />In3UrariL:C fc rrT1110acr% in act: Il!chiliv 'tkll h liitrr-mer s and I. t'ndri' s %v'I lrle'II :igrt•t nwilt 119 apph, ahlt' ;aN
<br />1
<br />A. Inspection. Ferider ')r it,, aged) Ina% make' rr'asonaWc enifics Ilpon .11111 Imilei(1,111` 1,1 Iht' ii1 ll,t'I it 1 _.'11, I,'l
<br />shall ,give Borrower nolicr it [tic ufne of o1 pour to art nlsllet tun ,pet Itv'Ing Icason'thie v,9usr lo[ thr Ilan
<br />1-4
<br />9. Condemnation. the imlorrd•, 1,1 any .Ward In I lain fur llainagrs. ,111c,t 1'r .,lilwiluenlI'll ill `not II ll .%Ilh
<br />any conde'rnntauul9 III I,rhrr lakili 'II any part 1'I Ilia. i'rnpelfv. 'r lot 1,mvr%enu In Ilea „I
<br />assigned aild shall t,e, paltt 1.1 I rntlrs
<br />In 1111,1 ryflyll '%i .I tl'I 111 t,tk lli lK I,t Ihr I'l "1`t'1IV thr I`1, e't't Is ,.11 Ill I- ,ippil"d I..' (Ill• '.,1111`. '„ Ill r'.l
<br />In W9Lt1(nelll, 'ahelhet „r not theft ,Ittle, '%"It .Illy 1'%: Ill Illy •,flit I ,I 113111,8 .Ili I'
<br />MWA liorl.'wer .anal I r110V . Ivier,I) ntll;ny +ilr .,Inl`.,r.ufnl I'% III'. 1-. Insllulnlnl
<br />the &rlltetiill rlt the t:,I rr't" Ii IIJIIpilr'I.i I u ,1 ll, "'ilk' I-'1 11 11 Ill` 1.011 .ill'. ,lit' I '11,' .Il lilt
<br />98�Qv x74° tftF i.t b -' I� ,.,tif' /.1 t•„ r :Itt• 1.111 11 } -' I ,1. .I I 1 'Itri "il..11t 11 111 ' I It li'I. s i �, II„
<br />q'Ia,rt I., lfe,l r.,•al -1
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