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s�-- 006166
<br />Lender pays borrower interest on the Funds and applicable law
<br />permits Lender to make such a charge. Borrower and
<br />Lender
<br />may agree in writing that interest shall be paid on the Funds. Unless an agreement
<br />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 />purpose for which each dehit to the Funds was made. The Funds arc pledged as additional security for 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, Lender shall prnmprly 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 pnor to the sale of the Property or its by Lender.
<br />acquisition any Funds held by Lender at the. tame of
<br />application as a credit against the sums by
<br />secured this Security Instrument.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender
<br />under
<br />paragraphs 1 and 2 shall be applied: first, to late charges due under the Note;
<br />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
<br />and Impositions artributable to the
<br />Property which may attain priority over this Security
<br />instrument, and ieasehold payments or ground rents. if any
<br />Borrower shall pay these ohligations
<br />in the manner provided in paragraph 2. or if not paid In that manner. Borrower shall
<br />pay them on ,tine directly; to the
<br />person owed payment. Borrower ,hall promptly furnish to Lender all notices of amounts
<br />to be paid under this If Borrower
<br />paragraph makes these payments directly, Borrower shall promptly fu:nish to Lender
<br />receipts evidencing the payments
<br />Borrower shall promptly discharge any Len which has priority over this Security Instrument unless Borrower- fa)
<br />agrees in writing to the payment of the obligation secured by the hen in a manner acceptable to I- ender, i bi contests in good
<br />Faith the lien by, or defends against enforcement
<br />of the lien in, legal proceedings which tit the Lender', opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any part of the Property: or Ic) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender de,ermines
<br />that ant part of
<br />the Property is subject to a tier, which may attain
<br />priority over this Sec.urtty Instrument. Lender may give Borrower s
<br />notice identifying the lien. Borrower
<br />shall satisfy the lien or take one or more of the actions set forth 3bo,e within 10 days
<br />Of the giving of notice.
<br />S. Hazard Insurance. Borrower shall keep the Improvements now hereon.
<br />relating err r r, :rd on file Proprrry
<br />insured against loss by fire. hazards included within the term "extended coverage ' "or
<br />and .in• _. r)(hrr za
<br />hards which Lender
<br />requires insurance T'rlis insurance .hall he maintained In rht, inns ;tin's rh
<br />.,rid I --q rn T ne
<br />insurancr carrier providing the !n,urance shall hr nc.!,en by 13l!r 1KCr .Jh C: Amer �ha'l q(" br
<br />unreasonably withheld.
<br />All insurance policies and renewals shall he acceptable to Len ter arse . , : mart- ause
<br />Lender shall have the right to hate
<br />.hr puhctrs and renewah If once: reuuln_^ !i , r lv - Lnder
<br />all rrcapts of Paid premiums
<br />arrvi enrwai notices fn the event nl t�l,,. Sur, nur:.n,:: _
<br />,
<br />carrterand Lender (_ender may make proof of ions if not made by I3urn•Krr the
<br />trromath
<br />Unless Lender and Botrnwrr otherwise agree in w'nnng, Insuran e procetu, r
<br />,n c _r•r .c rsi „roue r..,r repair
<br />of the Property damaged if the restoration or repair
<br />is rconomicaiiv tea siole and Lend_. , ,r ,I.'!: . I, P.n? irssr ;trC if ;hr
<br />restoration or repair is not rainr>rnically feasihir or Lerder's security would hr ; fS%CnCf1- :rW
<br />, esurancr proceeds snail ±?e
<br />applied to the sums secured by this Security Instrument, whether or not then due. •.v,in
<br />.:rlv . -. rti, raid t, Borrower l;
<br />Borrower abandons the Propertv, or dues riot answer within 30 days a notice from i ender ilia; ?'r:r
<br />:nsuranre ca: net ha.
<br />offered to settle a claim. then Lender may called the. nt,urrancr
<br />ay sums secured by ,m, securit�. instance proceeds Lender rnav use Ihr r:r ,seeds
<br />the Pro city nr to r pair restore
<br />p
<br />, tit. K!irtiirr .,r •i,u he ur v . :v , rrleui Kul oc:`tn
<br />when the notice is given
<br />Unless Lender and Borrower ,ther wIse agree r writing.
<br />ant ,ppiicauoi ,t rn,ceru, t , pr:nctpai shall not extend .,
<br />postpone theduedate of the rrioierhly
<br />pavrnents ruier eu Ic in paragraphs i one _ r _tuner •he am,•urlt :•d the payments. if
<br />under paragraph l a rite Pruprri•, !s acgturec by Lender. Borrower's right to any
<br />insurance poircie, and pr „cords resulting
<br />from damage to the Pro M. ry prior Ir, tihacgwsttron shall pass In L:n.ier Io ncc t•vtenr u} !he `Urn' .ecarr� its this 5rcun
<br />Instrument
<br />immediately prior io the acquisition
<br />b. Preservation and tlaintenance of Property: Leaseholds. Borrower snail
<br />rill; desirov..larnagr or substantially
<br />change the Property, allow the Property to deterr.orate
<br />or commit waste if tins Svc T!t% InstruRent ;s on a ieaseold
<br />Borrower shall comply with the provisions of the lease, and if Borrower hv.
<br />acquires fir I;;Ir to the i'ropett the leasrhoid and
<br />fee tale shall riot merge unless I.. ender agrees to the merger
<br />rn writing
<br />7. Protection of Lender's Rights in the Property: 1-lortgage
<br />Insurance. 1! Borr,nver tali, it, perr,rm ;he
<br />covenants and agreements contained in this Security instrument, or there is legal
<br />a proceeding that rn.ry ,;nificantiv affect
<br />Lender's rights in the Property (such asp proceeding in hankruptvy, probate, for condemnation
<br />Or ?/, ,Mt orce laws
<br />regulations), then Lender may do and pay for whatever is necessary
<br />to protect the y aiue,,(Ihr Pr,,perty and Lender nghh
<br />in the Property Lender', actions may Include any sums
<br />paying secured hs a lien 'Ankh has ;,r ;c•r ;Iv er this Securin
<br />Instrument. appearing to court. paying reasonable attorneys• fees and entering Pr,pert%
<br />on I!ic• ;;, make• rerairs hh,ua hough
<br />Lender may take action under his paragraph '. Lender does nut have t,„ jo ,r
<br />Any amounts dishur%ed by Lender under tlms paragraph ",!rill hecorne
<br />.u4lit1,vl.,: ,lent ..,1 I1nI r,% , secured nv ;!iI,
<br />Security instrument Unless I9ortower and Lender agree to other' terms of p avrnrriL 'Ilr,c
<br />,rnu,unt, ,hail hear inrrrest 'rpm
<br />the date of disbursement at the Note rate and shall he pavaNe. with twert.',t
<br />Ilpl,il Ilesli e' 11,,81 !_C�d Cr ;( 11,Yt fl,K Pt
<br />requesting payment.
<br />If Lender required mortgage Insurance as a condition of matting
<br />the loan secured h% this Securrry nienr.
<br />Borrower shall pay the premium% required to maintain the
<br />insurance m effect until such time es the requirement for the
<br />insurance terminates in accordance with Borrower's and Lender's written
<br />agreement or applicable iaw
<br />I. Inspection. Lender nr Its agent may make reasonable mines upon and inspections Property
<br />„f the
<br />shall give Borrower notice at the tittle of or prior to an mslrection silitcilvIng
<br />reasorahie cause for the inspection
<br />9. C :ondemnatirm, fhe proceeds c11 any award or :Iairri for d•imagn. direct or cmisequentlai. In ,nnnerrlon
<br />any r_•ondemnation or other taking r,f any part rf the Property, or t.,r c,mveyance• in lieu .,f <,mclrnuuanori
<br />r+
<br />,Ire heir'•,
<br />assigned and shall he paid t ! ends[
<br />10j
<br />In the event of .i t tit taking lit !hie Propertv ihc pit +cvs•d+ ,hall he a11,11c,1 ,,. ,•
<br />util
<br />,i
<br />- ,;I v its 4e, tint•
<br />In%trnrrienl, , rtrt r! , Own dw All! in, °,, e„ ;,ald to i1�,rr:,wr•[ lit the r�e',It
<br />..,. )r. ,,i•,•
<br />this "N 1t(,dit,w'rr ifl.J < "I. +t(i Irl•'f,M I�r .I I•,'e ( K( }f? ,
<br />'hit •. LI111•. .,-, rr.,tl ,,y I,
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