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<br />Lender pays Borrower interest on the Funds and applicable law- permits Lender to make such a charge. Borrower and
<br />Lender may interest 1 in writing that interest shall be paid on the Funds. unless an agreement is [Wade or applicable law
<br />sludges interest to er paid, Lender shall not be required to pay Borrower any, interest or earnings on the Funds. Lender
<br />shall give to Bttrroyver 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 stuns secured by
<br />this Se;uriry Instrument.
<br />If the amount Of the Funds held by Lender, t
<br />the due dates of the escrow i O$tihtr with the future monthly payments �' Fins Payable prior to
<br />toms, shall eacceed the amount required to pay the escrow items when due, the excess shall be
<br />at DorroweesOption. either promptly
<br />amount of the Funds held by repaid s to Borrower t e credited to Borrower on tnoo ro Payments of Funds If the
<br />Lender is twi suit to pay escrow items when due Borrower shall pay to Lender an
<br />amount r on a y e make up the �y in one or more payments as required by Lender.
<br />Upon vmrns in full Of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower
<br />anv Funds held by Lender. If under paragraph 19 the Property, is sold or acquired by Lender, Lender shall apply,
<br />than immediately prior to the sale of the Property or its Acquisition by Lender. any Funds held by Lends at the time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />3 ►Piaieatiw Payments Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs I and-2"' be applied: first, to late chatgcc due under the Note: second, to prepayment -charges due under the
<br />"Ott: third, to amounts payable under 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 prior av over this Security Instrument, and leasehold payments or ground rents, if anv.
<br />Borrower shall pay these obligations in the manner provided in paragraph 2, 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 />re ei 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 discharge anv 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 />fault the lien bv, ar 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 determines that any part if
<br />the Property is subject to a lien which may attain pnonty over this Security Instrument. Lender may give Borrower a
<br />nonce identifying the lien. Borrower shall satisfv the lien or take one or more of the actions set forth above within 10 days
<br />of the giving of notice.
<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 bender
<br />requires insurance. This Insurance shall be maintained in the amounts and for the periods that Lender requires. The
<br />unreason carrier providing the insurance shall be chosen by Borrower subject *.o Lender's approval which shall not be
<br />unreasonably withheld.
<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 />ail receipts of paid premiums and renewal notices. In the event of loss, Borrower shall give prompt notice to the insurance
<br />earner 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 Ptopem damaged, if 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 secunty would he lessened, the insurance proceeds shall be
<br />applied to the sums secured by this Securiny Instrument, whether or not then due. with any excess paid to Borrower. If
<br />Borrower abandons the Proteerry, or does not answer within 30 days a notice from Lender that the insurance carrier has
<br />offered p settle a claim, then Lender may collet the insurance proceeds. Lender may use the proceeds to repair or restore
<br />when then or €o pay sums secured by this Secunn Instrument. whether ar not then due. The 30 da period will begin
<br />when the Hance Is given.
<br />Unless Lender and Borrower otherwise agree in writing, any application Of proceeds to principal shall not extend or
<br />postpOSe the due date of the monihiv payments referred tO in paragraphs 1 and or chance the amount of the payments. If
<br />under paragraph 19 the Property is acquired by Lender, Borrower c right'o am Insurance policies and proceeds resulting
<br />from damage to the Property prior to the acquisition shall pass to Lender Security
<br />Instrument immediately prior to the acquisition. to the extent of the sums secured by This
<br />6, Preserration and :Maintenance of
<br />change the Property, allow the Property to deteriorate P �Lorr commit waste, Ifethis Securlaelnsotrumentt its onsa icasehold.
<br />Borrower shall compiv with the provisions of the lease, and if Borrower acquires fee title to the P
<br />fee title shall not merge unless Lender agrees to the merger in writing. roperty, the leasehold and
<br />7, PrOftclitton of Larder's Rights is the
<br />coy ; 1Nort�e Insurance. If Borrower fads to perform the
<br />and agreements pert (such €n this $roccety Instrument. or there Is a legal proceeding that may significantly affect
<br />Lender's rights in the Property !such as a proceeding in bankruptcy. probate, for condemnation or to enforce laws or
<br />regulationsi. then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's right,
<br />in the Property. Lender's actions may include paying any sums secured by a lien which has priority over this 5ecur.ty
<br />Instrument, appearing in court. paying reasonable atiornevs' fees and entenng on €he Property 10 make repairs. SeCti.I
<br />Lender may take ar't. n under this paragraph '. Lender does not have to do so
<br />Any Amounts disbursed by Lender under this paragraph ? shall become addnioriai debt of Borrower secured by t his
<br />Security Instrument, C'niess Borrower and Lender agree to other terms of payment. the a amoounts shall bear ;n€erest fr,
<br />the disbursement at the Note rate and shalt be payable. with interest, ur+on nc?ticc fmm Lender co lrt-sr wrr
<br />requesting payment.
<br />If Lender required mortgage insurance as a condition of making the loan secured by this Security Instrument,
<br />Borrower shall Pay 'he premiums required to maintain the insurance in effect until such time as the requirement for he
<br />insurance tertnina'es in accordance with Borrower's and Lender's w•nttm agreement or applicable law.
<br />S I Lender or its agent moo make reasonable entries upon and inspections of the Propene. Lender
<br />1 give Borrower notice at the time of or prior to an inspection spaifying reasonable cause for the Inspection.
<br />9. C00111011111ftation. The proceeds of an} award or claim for damages• direct or consequential, In connection u th
<br />and condemnation or ollser taking of ant part r.,f tide Propene. Or for conveyance in lieu of
<br />a i and +hall be paid 10 Le [der_ t nndemnaiwn• are aerr±,k
<br />In thr event if a'otal taking of the Property, the proceeds shall be applied =„ � the is i. m^
<br />'t s i 5c.iA u r.e,i l , hr is I , e.it
<br />uPvv ln"lwo -eot. A'1Vhrr r ''hen due. with an exces paid ii rrnwet ]n h }er; anlr%s a ode t e arse gri r
<br />n Anting, I;tze sums see ureii hti .pis `+r:., i i
<br />'.Tee a^1� 63?i= 6 > .; iced h
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