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f 00.855
<br />Lender pays Borrower interest
<br />on the Funds and applicable lacy
<br />Lender may agree in writing that interest shall be
<br />permits Lender to make such a charge. Borrower
<br />requires
<br />and
<br />paid on the Funds. Unless an agreement is made or applicable law
<br />interest to be paid, Lender shall not be required to pay Borrower
<br />Shall give to Borrower,
<br />any interest or earnings on the Funds. Lender
<br />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 are
<br />this Security Instrument.
<br />pledged as additional security for the
<br />If the sums secured by
<br />the due dates of the escrow items, shall exceed the amour required to
<br />monthly payments of Funds payable prior to
<br />at Borrower's option,
<br />pay the escrw items when due, the
<br />either promptly repaid to Borrower or credited to Borrower on monthly
<br />amount of the Funds held by Lender is not sufficient
<br />payments of Funds. If the
<br />to pay the escrow items when due. Borrower shall pay to Lenderlanv
<br />amount necessary to make up the deficiency in one or more payments as required
<br />Upon payment in full
<br />by Lender.
<br />than Funds held by Lender
<br />of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower
<br />under paragraph the Proper
<br />immediately
<br />than firmer
<br />prior it is sold or acquired by Lender, Lender shall apply, no later
<br />rt
<br />the sale of the Property or its acquisition by Lender, later
<br />as a
<br />application as a credit against
<br />ai any Funds held by Lender at the time
<br />the sums secured by this Security, instrument. of
<br />3• APPlicatioh of Payments.
<br />Unless applicable law provides otherwise, all a
<br />paragraphs 1 and 2 shall be applied: first, to late charges due under the by Lender under
<br />Note; third, to amounts
<br />,'Vote; second, to prepayment charges due under the
<br />payable under paragraph 2; fourth, to interest due; and last, to
<br />4. Charges; Liens. Borrower
<br />pr ncipal due.
<br />shall pay all taxes, assessments, charges, tines and impositions
<br />Property which may attain priority over
<br />this Security Instrument, and leasehold payments or ground rents. t th
<br />attributable to the
<br />Borrower shall pay these obligations in the manner provided in
<br />pay them on time directly
<br />paragraph 2, or if not paid in that manner. Borrower shall
<br />to
<br />ro the person owed payment. Borrower shall promptly furnish to Lender
<br />id under
<br />paid under this paragraph. If Borrower
<br />ei all notices of amounts
<br />receipts makes these payments directly, Borrower shall
<br />evidencing Payrnrnts.
<br />the
<br />promptly furnish to Lender
<br />Borrower shall promptly discharge any lien
<br />which has Priority over this Security Instrument unless Borrower. (a)
<br />agrees in writing to the payment O f f ile obligation secured by the hen
<br />Instrument
<br />faith the lien by-
<br />m a manner acceptable Lender, (b) contests in good
<br />defends against enforcement of the lien :n, legal proceedings which to the Lender's
<br />prevent the entorcement of the lien or forfeiture
<br />of any art of r opinion operate to
<br />P he Property: or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien m this SecuPry instrument,
<br />the Propertv is subject
<br />notice
<br />to a lien which may attain pnornt over this Security Instrument, Lender
<br />ing the lien Borrower net any Patt of
<br />l%tn o
<br />may
<br />of the giving of notice y g Borrower a
<br />,hall satisfy the lien or take one or more of the
<br />actions set forth above within 10 days
<br />5, Hazard Insurance. Borrower shall keep the
<br />insured
<br />imprnvements now, existing or hereafter erected on the Property
<br />hereafter
<br />against ,oss by tire, hazards Included within the term "extended coverage" and
<br />requires insurance This insurance
<br />any hazards for which Lender
<br />insurance earner providing ;he mwrancr shall be chosen by Harrower
<br />tal l shall s ill h reed In the amounts and for the penods that Lender requires. The
<br />unreasonably
<br />wnhheld. ,
<br />subject to Lender', aPpr -ai which shall not be
<br />All insurance policies
<br />sod renewals shall be aCCePtablr ro Lender and shall Include a ,tandard mortgage clause.
<br />Lender shall hasr the right to hold the policies and renewals. if Lender requires. Borrower
<br />all receipts of paid premiums
<br />and renewal notices. in the event of loss, Borrower ,' il shall p r,mpllc give to Lender
<br />carrier and Lender Lender may make eau
<br />give Prompt nonce ro the insurance
<br />proof of loss if not made prornpti% by Borrower
<br />Unless Lender and Borrower
<br />otherwise agree in wnnng, insurance proceeds ,hall hr applied n, rrsroranon
<br />of the Property damaged, i(the restoration or repair is
<br />restoration
<br />or repair
<br />econonucall} feasible and Lenders security is not lessened. If the
<br />or repair is not econurtucally leasible or Lender's srcunty s n
<br />applied to the ,urns
<br />would be irssenrer the insurance
<br />secured by this security Instrument, whether or not proceeds shall he
<br />Borrower abandons the Propertv. or does t an%
<br />caters) paid to Borrower. It
<br />not answer with,,, 30 days a nonornfr m Lrndrr that the insurance career has
<br />offered to settle a claim, then Lender may collect the insurance at file
<br />then en
<br />proceeds 1_rn�er mas 'he to repair
<br />the nosier a parr or restore
<br />the Ity ce ter pay sums secured by this Security instrument. w ?;ether
<br />green, ,,r nor then due The 41-day
<br />cy ^grad will begot
<br />Unless Lender and Borrower
<br />otherwise agree in writing, any •APPliriric, 1 cl r .
<br />Postpone rhr due date of ,he mcnihly i' cods
<br />t;; prutciPa! shall not extend ar
<br />Payments referred to in para<ra ,f !and ,,
<br />under Paragraph ti7 rile Property is acquired by Lender. Borrower
<br />red bLe r hangr the amount of the payments. If
<br />from damage
<br />s n •ht to ,
<br />ro the Property Prior to rhr
<br />file acquisition shall Pass ra b ins insurance Poi:c:es and proceeds resulting
<br />Instrument imrnediately prior to [_sander io ;he etieni
<br />rhr) c t the sums sr; tired by this Secants
<br />6, Preservation and
<br />.Maintenance of Property; Leaseholds. Horn'wer shall not destroy • ,iarrage or suhstanualh
<br />change the Property. allow Ihr Pro, ny to
<br />1`r detrnorate or comrtnt
<br />Borrower shall
<br />waste If this �ccunt} Instrument a on .� leasehold.
<br />comply with the provisions cif the lease. and if Horn +wee it
<br />fee title shall not merge
<br />acquires fee title the Prc„
<br />unless Lender agrees it) the merger in wrinn¢.
<br />� J Sty, rite leasehold and
<br />covenants a�rlDaAreerirnfsLenfauirdiinthisSeeunt i mtrurrtrnlitr�g herrInsu raniepr
<br />Lender' s rights In perform rile
<br />in the ProPerfy Isuch as a rocce) „crt'lb,rrhatcrnaylsi rt+.
<br />f, incaniiy affect
<br />regulations). then [.ender may do and r .unetrmn,iricn
<br />for rw'haieseruis
<br />Pay .,r fo enforce laws of
<br />neceskaryptu prate harih� aalue„
<br />m the Pn,Prrt% Lender's actions rna% Include Paying ;inn )urns secured L rndri's rights
<br />[nst rurrtrnt. appearing
<br />ht a hen wturhlihasr,r ;,,r,ts +sir rh,s tiecur.ry
<br />m cruet. paying reasonable attornc}s' fees and enirnng r,n rhr I'roPerty
<br />Lender rnas tai e gill under this '.
<br />naraEraph Lender does not hasc fie grill rut n ,ikcln%
<br />P:nn Although
<br />Arty amounts dishursed by I_endcr under
<br />this Paragraph "shall hec::rt
<br />Securit} Irstrurnent L'nlrss Hnrr ,svrr and Len c.nl•Jitio ,irht rf Ho,:c•wrt sc. ;lied by .his
<br />Lender agree to ether
<br />the date of drsbu, ":merit rerrns,,(J•asrr,rnt.
<br />at the \ore r c %e
<br />ihcsr.unc,unts shell hr:u interest train
<br />requesting ale and shall he pastille. wire, interest.
<br />q p Payment
<br />Irl,,•, ,i „t. t,•m 1 ender r.+ Horowc ;
<br />If I_endr: rcgiured mortgage insurance
<br />as a cond,ncn tit Ina king rile ;oar Secured ht, this �•.
<br />lic,rrt,wer shall ,a% the p remnrms required ,„ maintain ihc• msuranec in etfecr until such time
<br />csunt% Insu'uincni.
<br />utsuranee r •rnunitrs ui ace trdancc with Hui row . the•
<br />,as rcquirrment for the
<br />er s and I ender s written aFrceincril , +r ai,Phsahlc law
<br />H ,nSI)Cction. Lender •'t its agent ma} rnake re•asunihle rrntnis
<br />L� shall gis. Harrower
<br />fl nc�g
<br />ul on find msl +croons ,,I nc� 1'n „• s
<br />III) ;rite ofur prior to nn utsPecurn { e.,ifclni casun ahle,.utse t ,r the
<br />I utdc.
<br />Condemnation. 1 sir Proceeds
<br />L r �tns
<br />-seeds „t InsPee n +nu
<br />.arty a;ndc mnaric n award , r . lair,, fur dam ip,cs. !� t ,,, ,, cis,
<br />,r I,thc•i takntc, „f any i -art ill Ilse f rupertl `r !ter rnnie'•ansc
<br />1 41�!nrit S t S71a1 i,e e
<br />,tine•
<br />I rid t l _.rider m !u•u ,y�ia nek�nm� hirnihh
<br />in rh _•, tit J ,, t t ii takinMt
<br />i
<br />,t the f r
<br />ina flltfiR ll b ifl { i t art} (tic i( q.(.l' ,11,111 C '•l, n1ti .
<br />1 hen line Jrllh ill\ 11 -J,IIt .i tlli' r I�
<br />ni e•,s t4. sees paid cc: , lit•, se, „cr;
<br />�H. i. "sir I
<br />.e rare J•.
<br />-i ,I ;1J1: II �.Ik 111 �; ...i Ith i�l, •I,�
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