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<br />UNtrouM C:l)YENAN I'S. Borrower and Lender covenant and agree as follows: 85---002360
<br />1, Payment •nf Principal and Interest: Prepayment and Late Charges. Borrower shall promptly pay when due
<br />the principal ofand interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or io a writ ten waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum ("Funds ") equal to
<br />one- twelfth of- (a) yearly faxes and assessments which may attain priority over this Security Instrument: (h) yearly
<br />leasehold payments or ground rents on the Property, if any; (ej pearl} hazard incur rice premiums: and (d) ccarh
<br />mortgage insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds due kilt the
<br />basis of eurrent data and reasonable estimates of future escrow Items.
<br />The Funds %half be held in art institution the deposits or accounts of which are insured or euaranteed by a federal or
<br />state agency (including lender if Lender is such art institution). Lender shall apply the Funds to pay the escrow items.
<br />Lender may riot charge for holding and applying the Funds, analyzing the account or verifying the escr items, unless
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such A chargeow . Borrower And
<br />Lender may agree in writing that intert--I shall he 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 nnerest 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 />purprne for which each debit to the Funds was made. The Funds are pledged a, additional security for the sums secured h+
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, together %; fill 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 clue, Ifie excess shall be.
<br />at E3orrower'% option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />amount of the Funds held by I..ender i% not suflicretu t,, pay the escrow items %% lien due, Borrower shall pay' In Lender any
<br />amount necessary' to make up the deficiency in ore nr more pavments as required by Lender.
<br />upon payment m full of al! sums secured by 04% Security Instrument, (.ender shall promptly refund to Borrower
<br />any Funds held by Lender_ If under paragraph It) Cite Property a% sold or acquired by Lender. Lender shall apply, no later
<br />than immediately prior to the sale of the Property or its acquisntnn by Lender. any ('ands held by Lender at the time of
<br />application asa credit against the sums %ecured by tlns Secunry Instrument
<br />3. Application of Payments. t'nless apph.ahle law prrnades ,thcrwl,e. all pavments received b%. Lender under
<br />{tarag €apps i and 2 shall lie: applied. first, to late charges due under the Note. w, olld, 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 />4. (jarges; Liens. Borrower %half pav all taxe%, assessments, charges, fines and imposfttons attributable to the
<br />Property which mar' attain pnont% over thts Security Instrument, and leasehold pavments or ground rent%, tf any.
<br />Borrower shall pay these obligation tit the niamicr rroyldcd in paragraph :. or if nor paid in that manner. Borrower %hall
<br />pav there on time directly to the perum <.wcd raytnent E3orrower shall rrontr1I% furnish to Lender all notices of amounts
<br />it) he paid under this paragraph If Borrower stakes these payment. k11reo:11%. Borrower ,hail promptly furnish to Lender
<br />receipts evidencing the payments
<br />Borrower shall prontptip discharge any lien which has pnortt% ;over this seccnity Instrument unless Borrower. (a)
<br />agrees to writing to the payment of the ot,hgarron %loured f,% the leer, lit ;l muffler Acceptable to Lender; (hi comets ul good
<br />faith the (ten by, or defends against enii)r.cntew of tIle lien in. Icgal f•rocccd:rl !s which ul the Lender\ opinion oreraic to
<br />prevent the e4mcernent of the hen or f,,rfelfure of .im. part r,( the !'r Nrt%. -,r (c) secures front the hoider of the !ten ar:
<br />agreement salt %factory to Lender s;ah,rdufanng the hen to this secunt% lntr,inent if Lender determines that ;uty part •,r
<br />she Property is subtext to :a (ten which rna% attain priority ,Her 'his Secant+ Instrument. Lender ma% t;:vc nn llce ulrnnfym g the ben Borrower shall satisf the hen or take „tic more „ Hor nIi,i w drar
<br />of the giving of noticc-
<br />y
<br />,x%shut
<br />5. liatatrd lasuraviee. Borrower shall keep the rrtprc, %"Ilents now , ,tsttug :,r hervafter rn•cic,J on the Prolnrrty
<br />4n%urcd against lass by fire. hazards inciudcd %ithtn the term "extended co%clatge ' and ::Iry other hai;rrds lot w hrch 1_cnder
<br />requires 6nwrattce. I%Id msunmcc ,ball he "Idlotamed it, the amount, and for the 1erl"i% that Lender requires the
<br />ntsuraatce carrier provtda64g the na%urancc• shall fle ,hil%ell by % Borrower srrhlc•it t,, I Cttiier 1 approval %blot! shall not he
<br />ul4rea_sonat.i %withheld_
<br />All ansurary -e pohcaes and rcroc%als %flail be acceptable In Le'llder anti shali include it ,tanda lli mortgage clause.
<br />I ertsicr shall have the right to hold the policies ,kind renewals. if Lender requires. Borr,,wcr ,,tall prornptly glue to (ender
<br />ail rt. Oils of paid premium,%;end renewal notices En the event of lox,. Horrowrr shall rive prompt noflcc to the insurance
<br />carrier and I -ender I er „err Etta% make pnu,fof loss if not made promptly by Borrower
<br />Urilcsa Lender Aral Borrower other%Iise agree m writing, illNurafi cc proc'ceds shall l,v apphe•vf to re,torilon or repair
<br />of the Propert% damaged, If the restoration or repair is economically feasible and I- etufer's %ectlntp is not lessened, If' the
<br />recto €ation or repair IN not econamicaliv feasible or Lender's security would he lessened, the Insurance proceed, shall be
<br />applied Ill the stints secured by iht% Secant} Instrument, whether or no! then due. with any e',cens paid to Borrower if
<br />B rrcower :ahlrad.tns the E'eulvr(I%- of does not an% %er withal 10 days a nonce front I ender Shat the insurance carrier h;l,
<br />feted to settle ;e clans, tfarn !,ender star colic°c i the Insurance proheed%. Lender may u%e the proceeds to repair or ro imv
<br />the Property or to pay ,urns secured by If"% Secant% In%frunterit. whether or not darn due The• 3(1•d:ry ;,rood n,ll tic; in
<br />when the notace r%gne•n.
<br />I'nless Linder ;si4d E3orrower otherw't%r agree 11, wntiny. any application of proceed% to pruacipai shalt not e%teud nr
<br />tponc the duc date of the Inonthh ray ment% re•fcrred to u, paragraph% 1 and or change the antouot of tlic pa %stews If
<br />under paragraph 19 the Property' as acquired b% I ender. Borrovvee's light To an} insurance pnhcies and rrocrrds n suihny
<br />from damage it) the Property prior to rhr acquisntnn shall pas% to !.ender to If;c ceRnt of rhr %outs sciatica c rhos - setw kiinfl+
<br />Instrtinlellf immediately prior to the ;acqufs,lI '
<br />(i. Preservation and Maintenance of Property; I caeehold%. Hot rower sh•,1! riol dcsL1 „o dam,let• „r ,t,bsl•,nr,all+
<br />change the Property, alh,w lhr Properiv ro detennrate or contiolf vasty It Ihl% scculot In%trunivill ;% on ., ic;ischold
<br />Bvrtaower ahali cnntpiy with the pro%iscoras ut the lease. and It Borrower acqutn, Ice ntfr to the Iiri,Iwr'ty floc Icasc held .End
<br />tee title shall n,rt 6nerge unless i.erlder Agrees oil the nnetger III w ritmg
<br />7. Protection of !.ender'% Rights in the Property; Mortgage insurance. It Borlo%krr 6,111, l., lo,rl ,rn the
<br />saA rIl tit% and arrteernent%c'aontalned In Ills %Sckurtiy histrnlnenl. or Ihrrr 1%.t ICCdi I`r„telt6rlq' (IIJI Rla\ tlkf!!lift.Ira11 ,IIf�CI
<br />I ender', tights in the Property ( %rich as a privcm4l4ng lit hattkrtipiry, pr, unto. I..I ,,olden n ilrct .•r r, cnG+irc laws „6
<br />regubaticatsi. then I,cndcf may do and pay for whatever I% ncce%%,m to pro,e, I ,ill v,aluc of fhe• 1 I, pJ rty and I cndc r'•. I
<br />n !Esc Protwtly 1_endier % it, tions rr,av ,n,.ludi dyvne. In1%
<br />C ue ;.acrd f v , !art` k 1'r” h,v 1 •r +sty ,vcl 'toes scelnity
<br />Iststrunseatt, apl�rang m court, I,avfafg r r.;4sunthle attornc:vs tics �rnd :- ntvnup „n i }ti PrnC,,:rt} It,AkI rcpa!r, llthon�lt
<br />I "(der tnav take 11,11t under this p arcVtat,b 1 ender dean t,,,l h i, i r., ill,,.•
<br />ant a6>arai4ntvdl %ksurso -d by E inner mldcf (Ills parl{,roph ” 1.111 tot, "mc'Iddl, ,riui,!, 1,1 �,i Ii, crrnvcr ,a..ulI'd ht this
<br />fat Urry IrmrJtntnl (lilac%% Borrl'•wet ;End 1 Endt't dp; rift• I!, „ihrr tt'Ctln „r l,aA nt(•11I, 'hr,r' ,, r,h'u lilt steal; local IINCI t',r 'Initl
<br />the (tarots° «,f clasf,uursernens ,, fhe S,rte ralr ,,ltd 01,11i IN
<br />•"tik€ ,fmir v4VI'lel-t -t1 IC . !•fool h,AA4'I
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