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L; ti'"' �s'E -Is
<br />. Borrower and Lender coy 85-003103
<br />1. Paysest � a� Ian eKUaaa and agree as follows:
<br />the prineapai ofand interest c the debt evidenced Pr Payi"W t and Late CbMTC , Borrower shall promptly pay when due
<br />2 al Ofa for Tara sad dented by the Dote and any prepayment and late charges due under the Note.
<br />to L on die day �� Subject to applicable law or to a written waiver by Lender. Borrower shall pay
<br />eih1Y payments ace due under the Note, until the Note is paid in full. a sum ("Funds") equal to
<br />one-twe#th of (a) yearly taxes and assessments which may attain priority over this Security Instrument; (b) vearly
<br />leasehold Payments or ground rents on the Property,
<br />tt insurance Premiums, ifan _ c if any; (c) Yearly hazard insurance premiums: and Id) yearly
<br />basis tafcuraeat data artui y There items are cane •escrow items." Lender may estimate the Funds due on the
<br />estimates of future a row• items.
<br />The Foredo shall be held in an institution the deposits Cr accounts of which are insured or guaranteed by a federal or
<br />state atettcy (including Lender if Lender is such as institution).
<br />Lender may not charge for holding and apply ) analyzing t shall apply the Funds to pay the escrow items.
<br />Leader *ys Borrower interest or the Funds a ate Ftrrrds analyzing the account or verifying the escrow items. unless
<br />Lender array agree in writing that interest shall plicable law Permits Lender to make such a charge. Borrower and
<br />requires interest to be Paid on the Funds. Unless an agreement is made or applicable law
<br />Pte, Lender shall not be required to pay Borrower an
<br />} 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 the Funds was made. The Funds are pledged as additional security for the sums secure by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly pamenis of Funds payable prior to
<br />the dux dates the escrow items }'shall exceed the amount required to pay the escrow items when due, the excess shall be,
<br />at Borrow =er a option, either d b Londe h repaid to Borrower or credited to Borrower on moathh payments of Funds. If the
<br />amount necessary Funds held by Leader is not sufficient to Pay the escrow items when due. Borrower shall pay to Lender anv
<br />amount nece soar}' to make up the deficiency in one or more pay meJtts as re tsirexi by Lender.
<br />L Putt Pa }mexut in fu8 of all sums secured by this Security Instrument, Leader shall promptly refund so Borrower
<br />anY Fug hell b}• Lender. If under Paragraph i9 the Property is sold or acquired b}y Lender. Lender shall apph no later
<br />than immediately s a credit prior to the sale of the Property or its acquisition by Lender. anv Funds held by Lender at the time of
<br />application as a credit against the sums secured b}' this Security iastrumenr-
<br />3 A�ieatiot arf Pay is L,riless applicable law provides otherwise. 311 payments received by Lender under
<br />paragraphs t and o shall be applied: first, to late charges due under the Note ; second.:o prepayment charges due under the
<br />Note-, third. to 2M4M -4 iieaL a under paragraph '; fourth• to interest due: and last. to principal due.
<br />Borrower shall pay all taxes, assessments, charges. fines and impostnons attributable to the
<br />Proper} which May attain priarit- over this Security Instrument.. and leasehold payments or ground rents. if anv.
<br />Borrower shall pay these obligations in the manner provided in paragraph ? or if not paid in that manner. Borrower shall
<br />pay them on time directly to the person owed payment. Borrower shat' promptl} furnish to Lender all notices of amounts
<br />I'D be paid uracier this Paragraph. If Borrower makes these payments directly. Borrower shall Promptl}- furnish so
<br />receipts evidencing the pa }merits.
<br />Borrower Lender
<br />shall promptly discharge any lien which has priority aver this Security Instrument unless Borrower: (a)
<br />agrees i t writing riot the payment of the obligation secured by the lien in a manner acceptable m Lender: (b) cs Boers in good
<br />faith the lien by, or defends against enforcement c?f the lien in, legal proceedings which in the Lender's opinion operate
<br />prevent the eatftxcexaaent a! the Tien or forfeiture of any Past of the Property: or (c) sacures from the holder of the lien an
<br />agreement satisfictory to P en to
<br />Ilse Properly Lender subordinating the lien to Ibis Security Instrument. If Lender determine, that any part of
<br /><dcriti is subject to a lies which may attain priority Dyer this Security Instrument, Lender may cl%e Borrower a
<br />notice giving ofng the Iieta. Borrower shall satisfy the lien or take one or more' the actions sel forth above within 10 days
<br />oft he giving e�'taeotsce.
<br />S. ! Brrower shall keep the rmpro%cments now existing or hereafter erected on the Properly
<br />requiinsured against loss by fare. hazards included within the term "extended coverage "and any other hazards for which Lender
<br />res insurance_ This insurance shall he maintained in the amounts and for the periods that I..ender requires. The
<br />in real cx carrier Providing the insurance shall he chosen by I3c „rower subject to L.cndei s approval which shall riot he
<br />} withheld.
<br />All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause .
<br />have the right to hold the Policies and renewals. If Lender requires. Borrower shall promptly give to Lender
<br />Lender shan earlier Londe Lender ms and renewal notices. In the event of fans. Borrower shall give Prompt n<stice ti. the insurance
<br />earner Lender may make proof of lens if not made prarttplly by Borrower. UnIelis
<br />of the Pr Borrower othemIse agree in writing. insurance proceeds shall he applied to restosatic is or rep it
<br />open}” flair is n sf the omical4 tom or repair is ecoraomicalh feasible and Lender's securit} is net lessened. If the
<br />restomion 0. repair is rent aonoraicully feasible or fender's cerurity would he 1
<br />applied
<br />to the sums secured b% this Security trust esseased, the insurance proceeds shalt be
<br />Instrument. whether or not then due, with anY excess paid to Borrower. If
<br />Offered ten sell lea clam hey rOPerty. or does not answer within 30 daYs a notice from Lender that the insurance carrier has
<br />Lender snag collect the insurance Proceeds. Lender may use the Proceeds to repair or restore
<br />a� wilien the not a to pay sums sixuotxl by this Security insarument, whether or not there due. 7hr ;l -day period will begin
<br />t is given
<br />and Borrower otherx
<br />POMPOM the due date of the ' agree in writing, any application ofprocceds to principal shall not extend cote
<br />monthly Payment s Leaded to in paragraphs 1 and Z or change the amount of the payments. if
<br />f to the the Property as o the acquisition by fender. Borrower's right loan) insurance potholes and p rc>ierds resulting
<br />Instrument PreQaettg' prux tot the acquisition chili pass to Lender to the extent of the corns secured he t his S<ulling
<br />Y prier to the acquisition.
<br />"i < Of Pte„
<br />Change the PrsoPeray. allow the Pr Borrower shall not desrro}. dam,tgr or substant ?ally
<br />tt shall ccty with the <*perty Ie? deteriorate t r commit waste. If th;s 4�urity Instrument is , rs a 'trasrhofel.
<br />1�tar 6eteriastcosas the lease, and if Barrsswer acquires fir title to the I'r :perry. the leasehold and
<br />nun rrecrge agaecs to the reaer E
<br />7. Of I.callev,s Ri Rer in writin
<br />c Mgs S the Property', ;4
<br />t9ctmtasnalinahil5furitvlszssr Inaaraaee� if Bar ,ace fatly tee ?lcrnt the
<br />s sire the Property (snob a Umcnt. or there is a legal proce^txe ing that r?iay stgnthcanaly aaTrct
<br />r Proceeding in bankru tcv. pr
<br />),teaLendernaydoand p r t lie. % r cofIhena a e or t,, rnfc,roe laws nr
<br />pay €tar whatever as
<br />in
<br />6 y?. 1 s actums May include v saecessary toprctec't the valor c9f ?hr l'r pert: and Lrnaies s r ?g4tis
<br />I paying anv aortas %cured by a 4ern wtna h has t tx�stty oaer this %ouch,
<br />Lender in; cfurr. paying reasonable atlorrsrys' fee%and entertnl + n tlsg 1' ?, ,rrtt t„ talc ?r er=rs
<br />v aeritxa r this paragraph 7.
<br />"tog'satitnanrsda � °g €"h I ender dc>t�nesthayett, drrsr, t' � thr,etgh
<br />M L.exrun€fsr this ragra#s►a"sl sal) txccwre xdic9ta, •aai dot t li sr:•� s,� t
<br />t g l era. L;nlesr ii?raaswer and Leveler agree tt> her t routs,
<br />e ?t ay mrs ,, t; t,aa1
<br />fnf , rWrroesa3 at tle •11e7irt tale andl s p sc artr,�;nt, shalt,
<br />r ytrat shall fx txavxbk. wrap traere si vt� .3c� t +ray I."a
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