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<br />004907
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<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 he paid, Lender shall not he 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 showing credits and debits to the Funds and the
<br />purpose for which each dchit to the Funds was made. The Funds are pledged as additional security f'or the sums secured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to
<br />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, tender 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 Security Instrument.
<br />3. application of Payments. Unless applicable law provides otherwise. all payments received by Lender under
<br />paragraphs 1 and Z 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, tines and impositions attributable to the
<br />Property which may attain priority over this Security instrument, and leasehold payments or ground rents, if any.
<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 stone directly to rKe person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph. if Borrower makes these payments directly. Borrower shall promptly furnish to Lender
<br />receipts e%idernang the payments.
<br />Borrower `hall promptly discharge any hen which has pnorrty over this Security Instrument unless Borrower: (a)
<br />agrees to wnnng to the payment of the obligation secured by the lien to a manner acceptable to Lender; (b) contests in good
<br />faith the lien hy, or defends against enforcement of the hen in, legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of the Gen or forfeiture of any part of the Property: or (c) secures from the holder of the lien an
<br />agreement satisfactory :o Lender subordinating the lien to this Security Instrument. If Lender determines that any part of
<br />the Prnperiy is whirr :o a lien which may atlatn priority over this Security Instrument. Lender may give Borrower a
<br />notice identifying nc�: lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br />ofthe gI%trig Elf rtoti;.e
<br />5. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against sc,•,, v fire. "a-lards Included within the term "extended coy erage" and any tither hazards for which Lender
<br />requue, srzsurancr 'hlu ,r,suranee ;hail he mamtaaned in the amounts and for the periods that Lender requires. The
<br />msuran, arnc :• pr>, +:,tine; the Insurance shat he _hOSCIt by Brlrr.;lwcr tihiect Lender's approval which shall not be
<br />Unreasonat1;! wtrht :C :!i.
<br />A!! .mtrrahcr ^ al,: es and renewals shall he acceptable to Lender and ,hail :nciude I srandard mortgage clause.
<br />I critic, shai'. hay n -, -iehr i.: "old the policies and renr.wais If Lender requires. Borrower shall; rrnnptiy gi%c to Lender
<br />Jill r °ccipts .it ;:aid ;rrerniums and ;cnewal notices- In the event of loss• Borrowrr ,flat! ;nne prompt notice :o the insurance
<br />c:arricr anci Lender Lcndcr rosy snake pro.. dof foss if no.i made promptly he Borrower
<br />I. rs, tic do d B c r Her chi rwtse agree in writing. !n%urance n tceeaa sit i �' 11r applied to rc.-Ntoranon or repair
<br />:•f me P. pc *t. ,.a .ar. -, :. ! .c lisle- r..n,;n - r repair :!. economicaily :easlnie arid Lender , ,ccuiir ::s not lessened. If the
<br />xsudrar r, ec.u• Intl m c is ra -.ihir ,,r Lender's scctrnn wr Biel he'essened. the ul.urarce proceeds shall he
<br />applied It n 1 - 'tits Srrant. ;nsuument. whether ,lr not 'hen due. with anc excess paid lo Borrower. If
<br />Borr.,wa t<. E ,i .. %i r answer within ) da%% a notice troth Lends that the insurance:arrter has
<br />`lfclelj t i ti r r rr rr:. .:,lit -,:t ',he inmirance proc:ertis. Lender mat, use- [tic ^ruccrds Io repair or restore
<br />the 1'r+ pe - �� um. t. :.,r.d t�s 'his ``ccunty lnstrurnent. whether n not :en slur file ;EYday period will begin
<br />Urness I_cr :u+er and in wining, any application ,it proceeds to principai shall riot extend or
<br />lhastptuic h cr. +a r ;;t iht r!his i.avnicnts referred to ill paragraphs 1 a zd _ :)r ; han. !c the amount of the payments. If
<br />under pa agranh i he 1'r m r. a acquired by Lender. Borrower's right ro any insurance Policies and prncrrds resuitma
<br />from darnaec !1, 'he pre +per!p nowt to Elie acquuilwn shall pass to Lender to the exicnt or the sums iecuicd h% this Sccurit'v
<br />Instrument ;mrnedcale;y poor to the aLgtnstuon.
<br />h. Preservation and Maintenance of Property; Leaseholds. Borrower shall not destroy. darnage,u substantialiy
<br />change the Prnl,crt_.. al'.ou the Property to deteriorate nr commit waste If stns ',ccarny Instrument is on a leasehoid.
<br />Ba +rrnwcr sl +aft ..triply with tiir pr,zvistons of the lease• and if Borrower ac quires fee title u? ;tic Pr 1pe: tp, t }se leasehold and
<br />fee title shall alit merge units, 1 rndrr agrees lo the merger in writing.
<br />7. Protection of Lender's Rights in the Property; Mortgage Insurance. If Borrower fatly to perform the
<br />covenalits and aglecmeritS corilamed in this SCCUrtfV Instrunieni. or there I%a legal proccedtng that nlal sigmncanily ailect
<br />Lender's rights tin the Prenrr!y r tick as a prex ceding in bankruptcy. probate. For rondemnaurin or lu enforce ;acs ,Y
<br />regtiia I!onsi, then I , -:ideT may do and pay for wha Ic%er is nec'cssary to prrne:;'I !tie :a!tie 4 the Prul +crt �. ant: i. mder', r :�hI,
<br />in ncc Pr,;vcrr: Lradcr's ae ;r.,ns niay include paying any .urns secured by tin cloth ha, p.nnrit ,, cr this rcura.
<br />Ins n ^1 z i4 he, ni r at t. paving reasonable attorneys' fees and rnienng ,n the !'n•prry ., rr,akr tep.nr, : \ithc'uan
<br />P..r,.Ser s skit m t:n, < r ?;It" nor ;i railh Lander dues not hate !o di,
<br />0.ray ;un,•uvu, ,ttsrlurseci t+c Lender under IN% paragraph - hall h .J.an,,ral ; :ci1l rl rn,ecutrds
<br />ltcur ^ts[i,:r,s!i- , Ir6tr,, B„ rrt,w er and Lenderagree it, ti t her ternrso t;,: I ,rnwr.r.t hew am, it, ius,hall�ea� ntrrc,tjr.,
<br />the Jarc of C! al, at :he Vote rate .end shall he payat+le. with ;nrerest, upon otitis' trot t rndc'r tr He1ri.,ur.•
<br />.rquesung pa.nutn!
<br />If I. rider required mortgage Insurance as a condition (it making the uian secured by the, Secants Instrunterit.
<br />It „roc +we - ,11:131 pas 'lie premoinis rrc ;utred to maintain the Insurance • , effect .nittl such time as the nrquirerncnt cur the
<br />rs tits, ;.e rr ::rl,irr. Iii ace +rdance with Borrower's and [ender'% written agreement it ippil ahie law
<br />4, Inspection. Lt,idcr or Is ap,e:nt may make reasonable cntrie•+ upon and inspce :Iluns .•I the Properly 1 inch-:
<br />.nail 41st n, lax it the rune,,f ;r prior to an inspection ;pc%:0ving reasonahle cause Ioi the inspecrrm
<br />9 t ondemnati in. ' hc: i +r ..rdr, ,i my award or Maim for damages. tllre'A tA :rinse t entlal, n ,;snot :v +iz .silt.
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