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8510: 004105
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<br />UNIFOR M 170', EN r s BOrrOw!•r and LCndCr C < %, mart and aFrrc a, fol!nw,
<br />1, Payment of Principal and Interest; Prepayment and late Charges. L'orr,ucr shall prorr,ptl, pa'. .!,fin
<br />tear_
<br />the principat of and interest on the deht evidem :ed by the Note and anp prepayment and late charges duc ! rider - \;,'r
<br />2. Funds for Taxes and Insurance. Subject to applicable law or to a „r men waiver by Lender, Borruwer,::,l ;l
<br />per.
<br />to Lender on the day monthly payments are due under the Note, until the Nrllc 1, paid in full, a %urn ("Fund•. "!
<br />cgt.al ! „
<br />onc- twelfth of (a) yearly lanes and assessmentg which may attain prority over this Security Instrument. (b)
<br />}earn
<br />leasehold payments or ground rrn:s on the Property, if any; (c) yearly hazard Insurance
<br />premiums. and td)
<br />mortgage insurance premiums, if any. These items are called "escrow items ” Lender may
<br />estimate the Funds due On the
<br />basis ofcurrent data and reasonable estimates of future escrow items.
<br />The Funds shall be held in an Institution the deposits or accounts of which
<br />are Insured or guaranteed by a federal or
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow
<br />I!cnls
<br />Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items,
<br />nnleSS
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge Borrower ar.d
<br />Lender may agree 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 />shall give to Borrower, without charge, an annual accounting of the Funds shots Ing credits and debits to the Funds
<br />and tic
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the
<br />sums secured b,,
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, togetherwith the future monthly payments of Funds payable to
<br />prior
<br />the due dates of the escrow items, shall exceed the amount required to pay the escrow items when due, the
<br />excess shall be,
<br />at Borrower's option, either prompt!; repald to Borrower or credited to Borrower on monthly payments of Fends I` the
<br />amount of the Funds held by Lender Is not sufficient to pay the escrow items when duc. Borrower shall pay to Lender any
<br />amount necessary to make up the deficlency 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 t Barrowcr
<br />any Funds held by Lender If under paragraph 11) the Property is sold or acquired by Lender, Lender
<br />shall apply, no later
<br />than Immediately prior to the sale of the Property or Its acquisition by Lender, any Funds held by Lender a! tale
<br />t:mc of
<br />a-i pficallon as a credit against the sums secured by this Security Instrument.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender und_;
<br />rvragraphs I and 2 shall be applied first, to late charges due under the '.vote, second, to prepayment charges due under
<br />Itte
<br />Note. third, to amounts payable under paragraph 2, fourth, to interest due; and last, w principal due.
<br />4. Charges; Liens. Borrower shall pay a:i taxes, assessments, charges, fines and impositions atinbutabie
<br />to tit:
<br />Prop city which may attain priority !,Ler this Security Instrument, and leasehold payments or ground rents. any
<br />.;
<br />Borrower shall pay these obligations in the mariner provided in paragraph '_, or if not paid in that manner, Borrower
<br />shall
<br />pay them on time directly to the pc -son owed payment Borrower shall promptly furnish to Lender all r.euces of
<br />amounts
<br />o tx paid under this paragraph If Borrower makes these payments directly', Borrower shall promptly furnish to Lender
<br />receipts evidencing the payment_,
<br />Borrower shall prompt!;, discharge any lien which has pnnnty ovrr thls Security Instrument unless Borre',ver
<br />a)
<br />agrees In %vntmg to the payment (,f the obhgatlon secured by the lien in a mariner acceptable to Lender, (b) contests :r,
<br />good
<br />:alth t?tc lira by, or defends a:;alm,t enf rLenient n �
<br />f the lien in, legal proceedings, which In the Lender's opinier, operate to
<br />prescrt the er,forccment
<br />(,f th_ her. or ' )rfcaure of any clan of the Property, or (c) secures from (tic Holder cf the ice an
<br />agreement si:r faciory tr-: Leiner
<br />,uhvrdmating the lien to this Security Instrurncnt If Lender determine% that aay
<br />part
<br />!hc Property Is subject to s 1;r1 'Ail:, h :tea mialn rlon ?y rn' `.
<br />} p er this Security Instnimcnt. Lender may B(urrwcr
<br />rive a
<br />rouce idcnnfymg the lien B(�rr •ACr ,hall ,a!I,fy (tic II_•n or :akc one fir more of the alt:011 %set forth abc:'.c ,vrlhir, :i`1 day,,
<br />Attic glrlag of notice
<br />5. liacard Insurance llo. rower ,hail keep the nn pro %rrrlenls now cxr,u;ig "t nefeafter CM:eJ r,;1 !i.c 1'r;
<br />enured agarl,.t los, b_; fire, liar, ::, ut retied ul:hin the ter':' "exlended c(•vcnl9c' and any other hazards for Ar ;ir`: I code;
<br />',,!s
<br />requires :,. r nce i _. al i,c :naiwaiiied 'u the anttunts ;:rd f'). the prno-�s !ha! Lerner :eq I'
<br />-.' e,
<br />:au nee :arrrer pro• ! I� In, l,ur i,.(c ,ha.l he choler, i. H.uruw fir ,(.,, r(, i , I enders appro,ai 'Ahlch si . tic
<br />... •
<br />unrcasi.nabh w !ht c ;d
<br />A1, msura::ce r,lll t, :IC, .: t ,�'A -1 , S .111 tic '1 - ;•!ab C to I. c('tler :I;.d , - 1!' ',iC uu: a S!anda.,G ll`( rl^.!.;•c �
<br />I ender hall llas' Inc right tJ h j i C F � 1.
<br />it
<br />t� l_% a`d .er1C,v.11 If I � JCr rci4u :lc., hi!, fo, ,r stta ;] p!J;ilp !:y E 1
<br />it! rccc.pt%cf p ltd premium, a• ;icwat e'% I•, the c%cnl of 1(',' li r•. ",
<br />Cr ,il a.l IS^ ' :1fit't fl
<br />carrier and i en ,cr I ender 'r,ay ,Hake prix (d lass If not nia(oc pr• r.lptl} by B :lrr.!wcr
<br />U;!!rss Lender and lorrower r ;tllerwuc agree rl writing. Inswanec pnxecd% Shalt be appi,ed to :csrora! :gi n r r
<br />cpalr
<br />of the Yrnperty darnaged, if tic re%lerauttn or repair Is economically fc %lbie and Lender's %ecunl} I% ..o: lcsu ❑,.!1 I,r:he
<br />restorauoa or repair Is no! er.0 :(ml :tai' :y feasible or Lender's security w,ulld t)C 1CN,Cn CJ, the insurance prcxccJs ,! hr
<br />appilei : the s'rn% secured III, !hI Security Instrument, whether or r lil:n due, with any excess raid to Ilrr ,.war P
<br />Burrewe hi (,r,s lie Propcft, r Joes not answer within 10 day, a r,.,,l,c Innn I ender ilia: the Insurance . :ncr !; �
<br />a
<br />oljcled to %Ctl,^ a ;lalm tile:: 1.e ;l,ler filer, eI ::'iC m %urance ;?I(k CCdS 1 e'IIJC r'l.i, 11 %e the pr(r„ecds to rcria!r l -: rr'-! V
<br />the PropCI!%
<br />Or tit pay scill, ,r, lined 1'v t lit 4.unty Instrumenl, whether .,r I.(,, !hen due I Ile ill -dal, peri ;4;
<br />'A hell t.'Ic notice IN glscn
<br />Urdc„ Lender acid B `i r, w Il cr Aiw agree in wnnng, any a; ,ir atllm !4 proceeds ;o principal shall t sired o
<br />po• l the duC date the
<br />f,,nie of rl , r- payments referred h? in Ilarigrapt s 1 anJ 2 change the anioun! of !hc ; -sy n,culs It
<br />under paragraph 1'+ the Prr,,rer,y , acyuircJ by Lender. Horrnwer'%
<br />right to any Irt,u•anCC pollaes and pl,tic„l, rc,i::un
<br />Inmt damage to the Property I:r: f u• the aequui!n,tl shall pass to I ender !!, the -tient of the sums secuicd h,
<br />;hi%SCC. :;t;
<br />in,trU:nC'll lilllnedlarel% prl,`r I(,:ie •.n
<br />5. Preservation and Maintenance of Property; Leaseholds. Borrow cl shall not destroy. damage
<br />: l i,inge the Property, ai�coA :tic I'W; ct'l, !o detcnoralr �`f 11,f11!Ill: waste i! thl', SCCt1IIIY In%t f',1!: ;ell! 1, ,'n a C.1 ',C I`�` ;•.;
<br />lJoriou
<br />! .1
<br />er %hall cornply with 1tic pr ".. i, 1, "IN if the ;caw. and If tlorrow er ackjoll C', fee III is lit 1 }IC PIArfICIII %if C:!�
<br />fcr !tile sF.all ncn ill unlr%s 1 ender ap.rcrs to the ;ncrger In wall Ing
<br />7, Protection of i ender's Rights in the Property; Mortgage In%uranc•c, 11' Rorn+wcl fail, .;
<br />unants and agreement, c,,r,ta IUJ ^ Ihis Sccuntp 1n%trmr."I' or 'here IN a Icgal pr!scedu g ilia! :'Jas
<br />lender'% right, In the Pr .Iefis (,•,I;h a, pmicrJmg m ba ;ikn,r !:y, ; r.•h :uc, f rt condcnlrahon IT it ci
<br />:rgulatu ns), 1 !ldrf
<br />,hen f ;:a, ,1 and Is neccx%ary In prr�t,,'the %a'.ac 14 the l'rn,r,Crrs ml,, I r ".1, !,
<br />in cite Pro w•rlV ICr•de( S !
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