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85.,w 002952
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br />!.ender may it in writing that interest s
<br />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 t
<br />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 t
<br />to the F
<br />If the amount of the Funds held by Lender, together with the future m
<br />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 e
<br />excess shall be,
<br />pay the escrow items when due, Borrower shall pay to Lender any
<br />amount necessary to make up the deficiency in one or more p
<br />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 />anv Funds held by Lender. If u
<br />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 b
<br />by Lender, any Funds held by Lender at the time of
<br />application as it credit against the sums secured by this Security Instrument.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs 1 and 2 shall be applied: first, to late charges due u
<br />under the Note; second, to prepayment charges due under the
<br />Note; third, to amounts payable under paragraph 2; fourth, to interest d
<br />due; and last, to principal due.
<br />4. Charges; Liens. Borrower shall pay all taxes, a
<br />assessments, charges, fines and impositions attributable to the
<br />Property which may attain priority over this Security Instrument, a
<br />and leasehold payments or ground rents, if any.
<br />Borrower shall pay these obligations in the mariner provided in paragraph 2, or if not paid in that manner. Borrower s
<br />shall
<br />payments d
<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 in a m
<br />manner acceptable to Lender: (
<br />operate s
<br />to this Security Instrument. If Lender determines that any part of
<br />the Property i subject to a lien which may attain p
<br />priority over this Security Instrument, Lender may give Borrower a
<br />notice identifying the lien. Borrower shall satisfv the lien or take one or more of the actions set forth a
<br />above within I0 days
<br />5. Hazard Insurance. Borrower shall keep the improvements n
<br />now existing or hereafter erected on the Property
<br />;:overage" and any other hazards for which Lender
<br />requires insurance T}ns insurance shall be maintained in the amounts a
<br />and f
<br />All insurance policies and renewals shall be acceptable to Lender .arid shall include a standard mortgage clause.
<br />Lender shall have the right to hold the policies and renewals. If Lender r
<br />requires, Borrower shall promptly give to Lender
<br />all receipts of paid premiums and renewal notices. In the event of loss, Borrower s
<br />shall give prompt notice to the insurance
<br />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 s
<br />security is not lessened. if the
<br />secured by this Security Instrument, whether or not then due, with any excessrpaid to proceeds
<br />Be rrowelr. If he
<br />Borrower abandons the Property, or does n
<br />not answer within 30 days a notice from Lender that the insurance carrier has
<br />offered to settle a chin,, then Lender maa collect the insurance p
<br />prrxeeds. L
<br />30 -dav period will bes�tn
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend o
<br />or
<br />policies and proceeds resulttnc
<br />6. Preservation and Maintenance of Property; Leaseholds.
<br />change tlae the Burrower shall not destroy, damage or substantially
<br />I'r,lpecty, allow Property to deteriorate c
<br />cir commit waste. If this Security Instrument is on a leasehold.
<br />Borrower shall c,rnf,ly with the ,rr arsicFns of the lease, :ind O' Borrower acquires fee title to the Property. t
<br />the leasehold and
<br />the Property; Mortgage Insurance. if Borrower tails to f�7
<br />prrrm the
<br />covenants and agreernc nts ccrntaifled in this Security Instrument. o
<br />or there is a legal Proceeding that may significantly affect
<br />Lender's rWhts in the Property (such
<br />as a proceeding in hankruptcv, p
<br />probate, for condernnatmn or to entiorce laws
<br />regulations). tllcrl Lender may d0 and ray for whatever is riccessary to protect the value: of the Proptrt} a
<br />and Lender's nG;ht,
<br />on ,tie Property t1 rual.r r< p 4 +rs vlthluit:h
<br />l ^ncJe t^ under this paragraph 7 sh,.111 beclrrtat ,tddin m, +1 debt o(13url�:aaacr 0ccured by t hiss
<br />Security lristrurtielit ('mess Borrower arul Lender agree to other terms c
<br />cif paymc -fit• these ,!mounts shall hear inteic"t fresh
<br />the date of* disbursertient at the ,'vote rate and shall be payahle, with interest. u
<br />uphill notice front Lra,:er 13orr,,�ac
<br />requesting pavrilent.
<br />if Lender rt�quired mortgage insurance as a condition ()t making the loan secured by tills Security instrument,
<br />Borrower shall pay" the prerniurns required to rlia llitain the i
<br />insur:tr,e in t -tr ct (111,11 Slit! tlitll as tilt I'CgU1C "efr7e:nl ton the
<br />InSUriinc C te,rrnlnalc.> Ill is crtrdance with 1'lorrower s and Lender's wrltteli agreement r7r applicable iaiw.
<br />Inspection 1 n
<br />n(le! i)r" Its ag.cl1t rnaY remake reasonable entries upon ;
<br />;irlll I1S � � )
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