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— 003292
<br />Lender y Borrower interest can the Funds and aplslicahle Iaw permits Lender to make such a charge. Borrower
<br />Lender may agree in writing that
<br />and
<br />interest shall be fkakd on the Funds. Unless an agreement is made or applicable law
<br />requires interest to be paid. fender shall not be required to
<br />pay Borrower any interest or earnings on the Funds. Lender
<br />hall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds
<br />purpose for which each t to
<br />and the
<br />the Funds was made. The Funds arc pledged as additional security for the sums secured by
<br />1
<br />j this Suety instrument.
<br />If the unt of the Funds held by Lender, together with the future monthly payments of Funds
<br />the due dates of the escrow items,
<br />payable prior to
<br />shall exceed the amount required to pay the escrow items when due. the excess shall be,
<br />at Bo as option, either promptly repaid to Borrower
<br />or credited to Borrower on monthly
<br />amount of the Funds held by Lender is not su t to payments of Funds. the
<br />amount �y the escrow items when due. Borrower
<br />_ to make up the in one or shall pay to Lender any
<br />r
<br />Upon more Payments as required by Lender.
<br />payment in full of all sums sectored by
<br />this Security Instrument, Lender hall promptly refund to Borrower
<br />any Funds held be Lender. If under paragraph 14 the Property
<br />is sold or acquired by Lender, Lender shall apply, no later
<br />t itrt lately prior to the sale of the Property or its acquisition
<br />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 />te
<br />3. A• of PaYmenft Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs I and 2 shall be applied: first, to late
<br />charges due under the Note; second, to prepayment charges due under the
<br />Note: third, to amounts payable under paragraph 2; fourth, to interest
<br />due; and last, to principal due.
<br />4. Charges. Liens. Borrower shall
<br />ySecurity�Ins
<br />.Property which may attain priority over this attributable to the
<br />Instrument,
<br />and leasehold payments
<br />Borrower hall pay these of? igarions in the manner provided in paragraph ? or if not paid intthat�
<br />P them on tame directly
<br />manner. Borrower hall
<br />=,� = e nerson awed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph. If Borrower makes these directly,
<br />payments
<br />receipts evidencing the pavmenis Borrower hall promptly furnish to Lender
<br />Borrower shall promptly discharge any lien which has pnority , -)der this Secunty Instrument unless grower: (a)
<br />agrees in writing to the payment ofhe obligation
<br />secured by the lien :r, a manner acceptable to Lender. (b) contests in good faith the lien bv, or defends against enforcement of the Tier, ,ri legal
<br />proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of t:'te lien or forfeiture of any part of the Property: or (c) secures from the holder of the lien an
<br />agreement satisfactory to fender subordinating the lien to
<br />thus Security Instrument. if Lender determines that any part of
<br />the PI €�perty as subject t�� a lien which may attain
<br />priority over this Security Instrument, Lender may give Borrower a
<br />notice tdentatyang the Nett. Borrower shall satisfv the lien or take one ar more c i the actions
<br />of the giving of forth
<br />notice. set above within Io days
<br />{. Hazard Insurance. Borrower shall keep the improvements ranw existing or hereafter erected on the Property
<br />insured against lode by fire hazards Included within the term "extended -,verage'°
<br />c( ;end any other hazards for which Lender
<br />requires insurance This Insurance shall he maintained in the
<br />amounts and + ar the periods that Lender requires. The
<br />insurance carrier presiding the ;nsurancc shall be chosen by Bo*r<�wer
<br />i
<br />unreasonabiv withheld. Subject to Lender's approval which shall not be
<br />All insurance righter and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br />Lender shall have the right to Iaoid the Policies and renewals. If Lrncier
<br />- etluares• Sorri«aer shad pro mptiy give to Lender
<br />all reeeTIS of paid Premiums and renewal notices. In the event of loss, Borrower shall g,,%e prompt
<br />carrier end Lender Lender
<br />notice to the insurance
<br />may make prool'of joss if not made promptly by Borrower,
<br />Unless fender and Borrower otherwise
<br />agree in wnting, insurance proceeds shall be app ;zed to restoration or repair
<br />Of the Property damaged, of the restoration or repair is economically feasible
<br />and Lender s security s
<br />rector tion car ep ,T- is riot econormc,aily feasible n<>t lessened. If the
<br />or fender's secuYSts wc?vl, 6< lessened, ,he ;nsurani
<br />soplae€k ti7 the °8s;ia* ' +a'iirC.7 ,jv -he
<br />`
<br />T. e proceeds shall be
<br />Irdstraamcnt• whether or ?9L?t then Lit. w,,-,h i
<br />Borrower aisando .s ! rile Pr ; a•y excess paid to Borrower. If
<br />:, 'r Jt res ?ic t ataswer w ;
<br />rt ithtn ()
<br />offered to _ uays I notaee frt3lla l insurance i 3�Tle
<br />settii a. t2, tike to 1 CndeT 'nay - ollect the insurance proceeds Lender tra:sy^ tls�yefae
<br />the PIi3 rt1' }r '
<br />lead
<br />,urns secured t y t, proceeds repair
<br />t his Security Instrument, whether or not ;hen .Jue. I n dt�_u
<br />when the notice as gacen. av period will begat!
<br />Unless fender and Borro%er',-)therwasr
<br />agree in writing. ;ary 3PPiicatacn of proceeds it) principa3 shall not extend or
<br />postpone the due ;rte of the mor,tla(y pay =menu referred tom paragraphs I And ' or change the amount of
<br />under paragraph IQ !tae Property
<br />the payments. If
<br />is acquired by Lender, Borrower's right tC? aYai' insurance pi)lactes and proceeds resulting
<br />from damage to the Pro rtv prior 1t3 the acquisition shall to Lender n
<br />pass to the extent
<br />Instrualient immediately pricer to the acquisition.
<br />the sums secured I?y this Security
<br />6. Preservation Maintename of Property; Leaseholds. Borrower shall not destroy, damage or substantialiy
<br />change the Property, allow the Pr��perty
<br />to deteriorate or commit waste. If this Security Instrument as on a Leasehold,
<br />Borrower shall comply with rile provisions of the lease, and if Borrower acquires fee title to the Property,
<br />fee title shall not
<br />the Iease.hold and
<br />merge unless Lender agrees to the merger in writing.
<br />7• PrONXIiM
<br />of 's Rights in the Pr
<br />covenants °���'' Mortgage Insurance. If Borrower fails to Perform liar
<br />agreements con tairied in this Security Instrument.
<br />or there is ale gal proceeding that may, significantly affect
<br />Lender's rights in the Property 'such ac a pr0ccWing in bankruptcy,
<br />probate. for condemnation or to enforce laws or
<br />regulations), then Lender may des and pay for whatever is necessary
<br />to protect the ,.slue of the Property and Lender's rig tats
<br />air flee Property. Lender's actions may in Wide paying any sums secured by a lien which has
<br />Instrument, appearing in
<br />pri«raty 1)%cr this Scc:iY;ty
<br />court. paying reauirtable attorneys' fees and entering sari the I'I(,perty t(} make
<br />Lender rnav take act under
<br />repairs .althc;ucta
<br />this paragraph', Lender does not have to do w
<br />'any` amounts disbursed b%i Lender
<br />under this paragraph " shai a
<br />Seeaartty lnstrtarnent. Unless Bc�rr0wer and Lender agree to at terlrals �prraeraer411tt
<br />ie�nt
<br />er e aril hail tvarr !ere, fro-n
<br />the ate of disbursement at the Neste rage and shall be payable. with interest. u[%t9Ya Ia t.ce fr�,rrm Lender, ?o F3�)Ir(?�'
<br />Ie' tang, ynreent.
<br />If Lermkr required mortgage Insurance as a cex iti,'rn of malting the loan cured by this Security Instrument,
<br />Fk-,arrower Ohall pay the pre.rniurrris required !o maintain the
<br />insurance in effect until such tune as the requirement ,'.,?r the
<br />insur e termrraat an accordance- with Borr�rwer's and Lender's written agreement or applicable law.
<br />gA Inspection.
<br />Fender or its agent may miake reasonable enZncs upon and ins;x�cn ?ns of the Prijte tb I et cl�r
<br />hall gae� r ,awer nottce alt the carne �. or prior to an
<br />inspection s
<br />pe pea,41rig reasonable cause` f(sr the anspectlo
<br />t.tcrw. The P"-,%t ds O any a*ard or claim for damages,
<br />,dam, direct tar con qucratial, an Ca.�rtnectiori lit .
<br />n %.< } tt;raatiexrz .:�t .plh r iakltk :dry an pa j 4 Y J } w
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