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<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such 4 charge. Borrower and
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<br />Lender r may agre: in writing that interest 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 to pay Borrower any interest or earnings on the Funds. Lender
<br />k shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />r purpose for which each dehit to the Funds was made. The Funds are pledged as additional security for the sums secured
<br />€ 1 this Security Instrument. Y ed by
<br />l If the amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to
<br />'l' the due dates of the escrow items, shall exceed the amount required to pay the escrow items when due, the excess shall be,
<br />at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />amount of the Funds held by Lender is not sufficient to pay the escrow items when due, Borrower shall pay to Lender any
<br />amount necessary to make up the deficiency in one or more 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 />any Funds held by Lender. If 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 by Lender, any Funds held by Lender at the time of
<br />application as a credit against the sums secured by this Secuntv 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 under the Note; second, 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. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if an .
<br />Borrower shall pay these obligations in the manner provided in paragraph 2, Y
<br />pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender�all notices amounts
<br />to be paid under this paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall prompt]), 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 manner acceptable to Lender; (b) contests in good
<br />faith the lien by. or 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 of
<br />the Property is suF�iect to a lien which may attain priority over this Security Instrument. Lender may give Borrower a
<br />notice identifying the Hera. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br />of the giving of notice.
<br />5. 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 co%erage" and any other hazards for which Lender
<br />requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The
<br />insurance ;:airier Providing el the insurance shall be chosen by Borrowe; subject to 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 re ^quires. Borrower shall pre raptly give to Lender
<br />all receipts of paid premiums and renewal notices. In the event of loss, Borrower shall grve prompr notice to the insurance
<br />carrier and Lender. Lender may make proof of loss if not made promptly by B(irrow•er.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall he applied to restoration or repair
<br />of the Property damaged, if the restoration or repair is economicaiiy feasible and Lcnder's securtry is not lessened. If the
<br />restoration =7r �piair +s ''loat ecOnomicaliy feasible or Lender's security wo�aii' ik lessened, the = nsurance proceeds shall be
<br />applied t<a the')orrns secured by this Security instrument, whether cir no t then due, email; any excess paid to Borrower. If
<br />Borrower ahand;>ras tl;e Prr�pert }, or doer not answer within ail days a riotice froth Lender that the insurance carnet has
<br />Offered to) settle;! �:i,i; ra then Lender may f- oilect the insurance prt�cee;s. l.eni?er n;a�� utie the pit the i to repair or restore
<br />trite Properi: or ,o, pay gums secured by this SecLarit} Instrument, whether :,r nor theta due The 30 -day period will begin
<br />when the ncari,•e IN ftyera.
<br />Unless Lender and Borrower otherwise agree to writing, any at�ps`ie attort <5f prc,ce -des to principal shall not extend or
<br />Postpone the dtar sate of the month!} payments referred to Ira paragraphs l and or change the amount of the payments. If
<br />antler paragraph I) the Property is acquired by Lender. Borrower's right to arat Insurance policies and proceeds resulting
<br />from damage to the Property prier to tlae acquisition shall pass to Lender to the extent
<br />Instrument immediately prior to the acquis of the sums secured by this Security
<br />ition.
<br />6. Preservation and NIaintenanee of Property; Leaseholds. Borrower shall ac t destroy. damage or substantially
<br />change the Property. allow the Property to deteriorate or commit waste. if this Securiry instrument is on a leasehold.
<br />Borrower shall comp'% with the pr, cif the lease, and if Borrower acquires fee title to the Property, the leasehold and
<br />fee title shall nest rnerge unless 1..ender agrees to the merger in writing.
<br />7. Protection of Lender's Rights in the Property; lvlortgage Insurance. If Borrower fails to perform the
<br />covenants and agreements contained in this Security Instrument. or there is a legal proceeding that may significantly affect
<br />Lender's rights in the Property €such as a proceeding in bankruptcy, for
<br />regulations), then Lender may dot and Pay for whatever is necessary to protect yalue>nd he F!t,c'n or* to entiarce laws or
<br />in the Property Lender's actions ntay include paving peaty and Lender's rights
<br />Instrument, app arise it, court, paying reasonable attorneys' tees and uentering ion he Proper - y 1,l make repairhisAltho� ugh
<br />Lender ;nay take actin >n i rider ihis paragraph 7. Lender does riot have to do so
<br />Any arTiOurats disbursed by Lender under this paragraph 7 shall become additio7uai deter it . 134?rr,%ker Nct. tared by this
<br />Security Iris
<br />irtinirnt L.'nless Borrower and Lender agree to rather terms of payment. tile ;e amaiurirs sh.a11 hear interest from
<br />the date Of disbursement at the 'Vote rate and shall be payatrle, with interest. upvn no�trre froam Lender to> f3< >rra:wci
<br />requesting payrrieiit-
<br />if Lender required mortgage insurance as a condition of making the loan secured by this Serurit}' Instrument,
<br />Dorro,7wer shall pay the prerniurns required to maintain the insurance in effect until such tirne as the requirement tOr the
<br />m%urancie cri- runate in accordance with Borrower i, and Lender's written agreement or apples able law.
<br />X. Inspection, Lo:nder o?r its agent may make reasonable entries upon and insMtions of the Pr,pert��
<br />shall give Fjortriaver ncitice at the time ell nr prior to an inspection specifying reasonable cau� for the inspeb tio.in
<br />96 t ra mnatiran I tie Pflicreds r. }f any award or claim for damages. direct or (7misequentiial, in co rIcA:tio ll vvItt,
<br />anq ccanderrir.<ail8. °ai r �) }her' taking G�f aray part of the Properly. Or for conveyance In iteL! kit ��ttnoie ^nlnail�>n..ere Frcret,d
<br />assigtaeal load �.haol h ;� ie3 t 1.. 11der
<br />In the e,,tmo ,f a Rf,rat b:aksrig 4 the Prn1vrty, the proceed% %hill' I` ' , � rI
<br />i of (lied to let %untti eec'iarc ^oi tw thisre`itrst�
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<br />le` fl revs %r AwirP' lit urtring, the 4SiSat4 el tired titi iilf " ^ ^ec'I;rt €': Irl,Oir6i'9ie 3
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<br />6 4be•t t', t ", tftlla °�Itt tf
<br />f° es� iit)r flip in w is ( 4 <ttc its;, lief tr, ;4
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