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Lender pays Borrower interest on the 1 ids and a 002047 84 0 0 6 6 6 9
<br />Lender m' pplicable law permits Lender to ...ake such a charge. Borrower and
<br />ay agree in w-nong that Interest shall be paid on the Funds. Unless an agreement is made or applicable l
<br />require-, interest to be paid, Lender shall not he required to pay Borrower any interest or earnings on the Funds. Lend aw er
<br />shall give to Borrower, without charge, an annual accounting oithe 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 n'or to
<br />the due dates of the escrow items, shall exceed the amount required to pay the escrow items when due, the excess pll be,
<br />sh
<br />at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. Ill
<br />the
<br />amount of the Funds held by Lender is not sufficient to pay the escrow items when due, Borrower shall pay to Lende
<br />amount necessary to make up the deficiency in one or more payments as required by Lender. r any
<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 Immediately prior to the sale of 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 by this Security Instrument,
<br />3. Application of Payments. Unless applicable law provides other-wise, 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 tinder paragraph 2; fourth, to interest due; and last, to principal due.
<br />4. 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 21, 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 1 mptly 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 in a manner acceptable to Lender; (b) contests in good
<br />faith the lien by, or defends against enforcement 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 (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender deten-nines 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 forth above within 10 days
<br />of the giving of notice. n rr
<br />S. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the term "extended coverage" and any other hazards for which Lender
<br />requires insurance. This insurance shall be maintained In the amounts 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
<br />unreasonably withheld. ich shall not be
<br />All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br />Lender shall have the right to hold the Policies and renewals. 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 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, I f 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 be iessened, 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 riot answer within 30 days a notice from 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 pad sums secured by this this SecuritV Instrument,
<br />when the notice is g, whether or not then hen due. The 30 day period will be
<br />Unless Lender arid Borrower. otherwise agree in writing, any application of proceeds to principal begin
<br />postpone the due dale of the monthly pay ipal shall not extend or
<br />payments referred to ill paragraphs I and I or change (tic amount of the payments. If
<br />under paragraph 19 th� Property is 'acquired by Lender. Borrower's right to any insurance policies and proceeds resulting
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extent
<br />Instrument Immediately prior to the aC4JUISJtIon. of the sums secured by this Security"
<br />6. Preservation and Maintenance 01' Property; Leaseholds. Borrower shall not destroy, damage or subsialliliall%.
<br />change the Property, allow the Property to deteriorate or commit waste. If this Security Inst'rumcnt is on a leasehold.
<br />Borrower shall with the provisions of the lease. arid if Borrower Acquires fee title I(
<br />fee title shall not Merv, !) I to Property, the leasehold and
<br />e U IeNs .agrees I(,, the merger it, writing.
<br />Protect . ion a J Li rider's Rights in the Property; Mortgage In%iji-ance. If fiorro%4er falls !o peij,,1-rl1 !Jile,
<br />Inst rumcni. or there '%,.I legal r4O(.-(-CdIIJe that rnas icantly aP'ecl
<br />l'ender's ri'Whlt' '71 the PfITC11V (SULh as a prk
<br />tLe:C.1119 it, hankruptc%, ptjjarc,
<br />regulations). ?hen Lender rilav do aril Pay for whatever Is necessary to tile laAs
<br />in the Piurvrtv. J_c;1klcr,s lc' 111tic (If [tie Propert%,
<br />Instrurnent, i1j"Pciarin tiOr's aiia� include paying avy sums sccuied by a lien v-high has and I ender's rights
<br />-4 in court, piqlilg reasonable'attorricyr,* fee% ill Although
<br />Lender ma% ii,i '.e,lctlon (;. d entering on the Prolicro. to nlak'r repairs Although
<br />this palde
<br />iisph 7. doesic"t have to do so.
<br />An% trTi()',JrJfS t. fi-hur,,vtj k-)g 1,
<br />�f- urw. c;11!r-r 11017; parwi-,101 7 "hall becoinc Iddhz;onal dchl of Iioiro"Cr wdulcd h this
<br />and I cl ide. a her if" in', 7, C"I ty omi
<br />late �4 the Note face arid shill be po�at-je
<br />'he A
<br />regtte fig pi 171cri t h 411 L i�� I r o n I e , I ( 1 c I �1,
<br />v,
<br />if 1,c;ider irc4ufired mortgage in%ura
<br />V,1� !� of Making the Wall secured by this Security
<br />44) rr A e r ii� Im 1! IICC as a mianLC ill effect Until such I instrument,
<br />he fine required to maintain Zile InF it
<br />!Vr?';�Xr" M sil h Inle as the requirement for the
<br />lrt�pt-tlion, ! r"der's wFillell agreemrrit or apph�
<br />Lr;,dc; or it% age able law
<br />'Na -sit rc&'oriable rntflr' up''n 'Indl lw;1,0,�11011� Of the Propvlt� I
<br />6""' c At The 1"lle of or prior ilf.).111 Iiiwrctlorl pc .IfYlng rCasi.)nJbiC;.JUsC for tile
<br />fie prtkccds of anv ;3,,xa[d (it cljlrli for datil,ig
<br />9. ("indernI141100- I
<br />any o;onJerr,nAI1(-,r% g.)lfcr IjkAf1g (�-,f ally the Property. (.?r rot i)n ( c,i,allce in lieu of aie. heleb
<br />and %h"fli hc Paid o Vefohlel- y
<br />In !'14!' f7`"? "f fl,"Al I?ic PI`(XMJ% Onfill he
<br />'A ) thr
<br />paid to I a j'al A
<br />
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