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<br />.! 005239
<br />Lender pays Bqrrower 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 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 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 by
<br />Ithis 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 fall 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 Security Instrument.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs i 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 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 time directly !o thte 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 evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />agrees to wnnng 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 1s subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br />of the gi%ing of notice.
<br />5. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against `.oss by tire. hazards Included within the term "extended coverage" and any other hazards for which Lender
<br />requires insurance This Insurance ;hall he maintained in the amounts and for the periods that Lender requires. The
<br />insurance carrier providing the Insurance shall be chosen by Borrower subject to Lender's approval which shall not be
<br />unreasonabiv, withheld.
<br />All Insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br />Lender ,hall have the right to hold the policies and renewals. If Lender requires, Borrower shall promptly give to Lender
<br />all receipts ur' paid ;.remlums 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, insuranc proceeds shall be applied to restoration or repair
<br />of the Property damaged. If the restoration or repair Is economicaliv fCaSlbiC and Lender's security is not lessened. if the
<br />restoration or rrpalr Is r,ol ecemornically Feasible or Lender's security would he lessened, the insurance proceeds shall be
<br />applied :o the sums ,ecured hr !his Security Instrument. whether or riot then due, with any excess paid to Borrower. If
<br />Borrower abandons he Property, or does not answer within 30 days a notice from Lender that the insurance earner has
<br />otfcred to settle a claim. Ihcn Lender rnav collect the Insurance proceeds. Lender may use the proceeds to repair or restore
<br />the Proper:-, or to pay •.urns ,ecuied by this Security instrument, whether or not then due. The 30 -day period will beem
<br />when the no +.ter rs.r.en
<br />Unless Lcriaer and Borrower otherwise agree In writing, any application of proceeds to principal shall riot extend or
<br />postpone the ,.it:e estate of the rnor.thiy payments referred to In paragraphs ! and ' or Jhange the amount of the payments. If
<br />under paragraph 1-a the 11,oprrty Is .acquired by Lender. Borrower's right to any insurance policies and proceeds resulting
<br />from i.tamsge to the Properr} prior to the acquisuwn shall pass to Lender to the extent of the sums secured by this Security
<br />Instrument mirnediatcly prior tc, the acqutsIttort,
<br />6. Preservation and Maintenance of Property; Leaseholds. Borrower shall not destroy, darnage or substantially
<br />change the Pmperr :. allow the Property to deteriorate or commit waste If this Security Insiri anew Is on a leasehold.
<br />Borrower, sttai9 imply wilh the ;rroviswris of the lease, and if Borrower acquire, fee title to the Propert}, the leasehold and
<br />fee title snail nor merge luiless I ,:ndcr :.agrees to the merger in writing.
<br />7. Protection of Lender's Rights in the Property; Mortgage Insurance. If Borrower fails to perform the
<br />covenants and agreements contained in this Security instrument, or there is a legal proceeding that may sgruficantlN aflrc:
<br />Lender',. rwhi In the Property !such as a proceeding In hankrupicy, pr,hate, tOr :oriderrination or to enforce laws or
<br />regulanotts).:hrn I : -iidet :riot, d., :rid lay for whate"er Is neccss,ary to protect the d uc 10ic Piol,ern :,rid I - ender', nzht,
<br />In the 11-ripe-o. 1_endef, actions rnav Include paying any sums secured by a hen tvhi�h has prow; .,vcr this Serui,fv
<br />instrument, .a a rte m ourt. paying reasoriabie attorneys' fees and entering „n the Property I,, niakr repairs Althou: -.h
<br />I l l " -'• r'
<br />I aloe.- rrl av . i c r r..trd r hi . h :ua r.apn ". I ender does not have tl, ,:r •.,,
<br />r? i ar 1 „tin ..tsliur,ed by Lutder under :his paragraph ' shall hec nie - 1,11tlon.1i d, :ht of Iiort„wcr ,cvutr u on ,.,
<br />Se:ialry ln,lr,unc, t'nw,s horn, y.* and l ender ,agree to other trans of I,:rvmrni Ihc•,r amounts shall hem mterv,r •r `,.,
<br />r the laic of t4isnnr sera cot at the Yore rater and shall he payahle, with uuerrst, upi,n notl,.•c from I ender to Ii „rr „w,••
<br />rec;ucsntag payrnrnt
<br />If Lender required mortgage Insurance as a condition of making Inc loan secured by this Security Instrunicni.
<br />lir,rr!nv, =;
<br />.hall ;,ay ?he prermutns required to maintain the Insurance In effect until ,rich erne as the requirement !,,r !tic
<br />msuranLr •errmiiair, In acl_ rdarr, with Borrower's and Lender's written agreement or apph, able law
<br />I
<br />N. inspection I miter „r its agent may make rcasonahle entries upon and Inspections of the Propvlin I
<br />` ,nall 4iv,- li irr,nyo • rwn ,e it fire flme of ,,r prior fo an Inspection apccifvmg reasrmahle cause for the Inspeetl,,n
<br />9. Condemnation. The pt,kceds l anv award or chain fair dainag”, ihreci or consequenu :il, in c„nne:uon
<br />ulc ,aeid,nm.aio,r a � ;rha�r lurking ill :uiy part of the Pruperry, nr liar cnnvr}anr.r Ire Ireu "f , :ondrrnnarfon, yr iicrr,.,•,
<br />Isis✓ led and hall l,,u,l fn I griller
<br />In !h, , t 1 r,r:i takuie. "f the Property. the proceeds shall h,• apt,ln•d ,n the shier, •,. urrd I,v ihl, "o .11
<br />:h-•n .lug, A101 env cxee,s paid f,, Born,wcl II, ,i • '' •W .d.I Dell;
<br />' :.f, ;,'., it -f "'rrr -':vi(" ' hi” 1VI'• l'. I6' I1• r'I IIw,'iling.'hr'.01111 r9.II[r,i i „lill•',.' :I it f” '„e'! .,_� , ..
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