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<br />Lender pays Borrower interest on
<br />Lender ma the Funds and applicable law permits Lender to make such a charge. Borrower and
<br />y 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 he Funds was made. The Funds are 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 month!
<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 n monthlts of Funds payable prior to
<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 makeup the deficiency in one or more payments as required by Lender. y payments of Funds. If the
<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 by Lender, Lender shall apply, no later
<br />than lminmitalei: pnor to the sate or the Property or its acquisition by Lender, any Funds held by Lender at the time of
<br />application as a credit against the sums secured 'oy this Security Instrument.
<br />3. Application of Payments. Unless applicable Jaw provides otherwise• all payments received by Lender under
<br />Paragraphs 1 and 2 shall be applied: first to late charges due under the Note; second. to prepayment charges due under the
<br />Note; third, to amo=unts payable under paragraph 2; fourth, to interest due; and last, to principal due.
<br />3. 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 payments 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 ;his 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 In writing to the payment of the obligation secured by the lien a manner acceptable to Lender; (b) contests in good
<br />in
<br />faith the lien by, or defends against enforcement of the Iten iii. legal proceedings which in the Lend
<br />Prevent the enforcement of the lien or forfeiture of any part or the Property; or (c) secures f er's opinion operate to
<br />from the holder of the hen 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 pnonry 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 forth above within 10 days
<br />of the giving of notice.
<br />5. Hazard insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />require against loss by fire, hazards included within the trim •'extended coverage" and any other hazards for which Lender
<br />requires :nsurancr. This insurance shall be maintained in the amounts and for the periods that Lender requires. The
<br />insurance bly wit providing ill,: insurance shalt he chosen by Borrower subject to Lender's approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be acceptable to Lender and shall Qnciude a standard morigage clause.
<br />Lender shall have the right to hold the policies and renewals. if Lender requires. Borrower shall promptly give to Linder
<br />all receipts of paid premiums and renewal notices. In the event of loss. Borrower shall grs a prompt notice 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. iP the
<br />restoration or repair is not economically feasible or Lender's security would be lessened• the insurance proceeds shah he
<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 from Linder that the insurance earner has
<br />offered to sett'e 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 Secunty Instrument, whether or not then dui The proceeds
<br />perlad wall begin
<br />e
<br />when the notice is given.
<br />Unless Lender and Borrower otherwise agree In writing, any aPPlica :ion of proceeds to principal shall not r
<br />Postpone the due date of the monthly payments referred to rn Paragraphs I an xtetld or
<br />d 2 or change the amount the e payments. If
<br />under paragraph 19 the Property is acquired by Lender. Borrower's right to any insurance policies Jed f Proceeds resulting
<br />th
<br />from damage to the Property prior to the acgwsition shall Pass to Lender to rs secured by Ill's Secunty
<br />instrument immediately prior to the acquisition. hr extent of the sum h
<br />6. Preservation and Maintenance of Property; Leaseholds. Borrower shall riot destroy, damage or substantially
<br />change the ProFart' allow the Property to deteriorate or commit waste . if this Securtry Instrument is on leasehold.
<br />Borrower shall comply with the provrsi4 /ns of the lease, and if Borrower acquires fee title to the Property, the leasehold and
<br />fee title shall riot merge unlc°ss Lender agrees to the merger in writing.
<br />7. Protection of Lender's Rights in the Property; :Mortgage insurance. if Borrower (alts to
<br />Lende ors and agreements contained it this Security instrument, or there is a legal proceeding that may slgnitieanrly arrest
<br />perform tfte
<br />I.entler's rights in the Property'such as a proceeding in hankrupicv, probate. tier condealnatit,n or tsi enforce faros „r
<br />regulations ?. thin Lender may do and pay for whatry @f IS n @CetisafY fU proles( rile t;dUC ,t file Proper I% and L.lforce'I' rights
<br />in the Property Lender's action, may include paving any sums secured by a lii�r. whn•h has hrn.onn ��yer this *S rig ts
<br />Lend imeni appearing in court. paving reasonable attorneys' firs and entering on the Pr,rprrt} ro nrak@ repairs Although
<br />Lender may take a� :rum under tills paragraph Lender does not have !ado so
<br />An a"
<br />;amount' dlswursed by Lcndet under this paragraph shall heconle additional deLt r r Hnrr;,tsei secured by the
<br />Security Instrument L mess Borrower arid Lender agree ra other terms nr I tyrnerll. rheSe antoulnS shall hear interest ti,,rii
<br />!fie date Of disbursement at the 'Dote rate and shall he pnyahle. %%Irh 'Firer ^st. uprvi r;;+u:e r;,uil Lt: ildci ;
<br />requesting payment
<br />_� fi,,rruwc�
<br />If Linder f @gU16 @d mortgage 1f1SUPanCe as a condition of making the loan secured by this Securit i list 1.11 Inell I.
<br />florrnwer `;half pav the premiums required to tnallirarrl rile Insurance in etrect until such ruale as rile requircrient fix rile
<br />4nurance trrrrrinates in accordance with Ilon-ower'•, and Lender s writt@n agreement or appLrahle law
<br />Shall
<br />g. ins teen. Lender 'r its agent may rnake easonable entries ulwn and trlsjlWIOtls of the Pro,
<br />ative [$ rfr,sw@r i9oiic@ at the time of 1?r prior to ;art instievoon Specifying reasonal?Ir cause r„ terry i Crider
<br />9' C'o,%tion atirm• T11@ prrhrrds of any'Award or shun fix darrlaaes. ,hirer Of "Illsequenlial.�it k,onnection w,th
<br />inv r�rid @rrinatiora r �,thef inking of anv part of the Prclprny, ,'r ik>r Cetnvevanrr In lieu .,f,:,,ndemnatiori. ,ln•
<br />""Ilan "t "Ind Shall h`e "4141 i„ I cnilei!
<br />Ln the a•.er,a f a +.�rii iakirig of the Prol —tw the pr,.,cr�eds shall t at,plied t,; rile sunk .rrurrd l,y 1his e
<br />Ins r�� *a nr, wbietl rr . •ir,g r ell due. with any re,•ess gird to iitrrr „wrr in rile everl, I _a
<br />.1 gQ {x'44 IM;rr za rr and t rife• , e. IS r;rt
<br />k aros;ae agree m writing. tl e ,tin ><, i rear i al r.i4;int ,i i!ir f r t .ern
<br />writ Sinf t the r•�r� er T lilt nt.fieal i,y tilt f„ le t t lis Sera lr, ins' unierri h i,l 1� i,;iur�,l �„
<br />Ilnwiug r 'Act,',n i, Ole "'raj arlmnnr !h <'
<br />! tie: I,ur !oark!�t alue ,f !ha Prn,r,r, Terre' i ni rr,li.s
<br />� t ,rn rte^,
<br />
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