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�.,.. 006313
<br />Lender pays Borrower interest on the Funds and applicable taw permits Lender to make such a charge. Borrower and
<br />Lender may agree in writing that interest shall Fa paid in 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 />purpose for which each dehit to the Funds was made. The Funds are pledged as additional security for the sums secured by
<br />1 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 I. ender.
<br />Upon payment in full of all sums secured by this Security Instrument. Lender ,hall pr :,mpi y refund to Borrower
<br />any Funds heid by Lender. If under paragraph 19 the P. -perry is sold or acquired by Lender. Lender shall apply, no later
<br />than immediately pnor to the sale of the Property or its acquisition ',)% Lender ,,n
<br />a% hoods heid be Lender at [he time of
<br />application asa credit against the sums secured by this Secumv instrument.
<br />3. Application of Payments. Unless applicable law provides mherwise. all payments received by Lender under
<br />paragraphs I and 2 shall be applied. first, to late charges due under the N; ie: second, to orena%meni charges due under the
<br />`Mote; third,. to amounts payabie under paragraph 2. fourth, to mterest due: and iast. w nrinapzi due.
<br />3. Charges; Liens. Borrower shall Pas all taxes assessrunts i u s !i: and ,r^I. o.ns aunbutable to the
<br />Property which may attain pnonty acct this Secunt•. Instrument, .mc :e,i,c,t,'!i. :raymenis or zround rents. if any.
<br />Borrower shall pay these r.h[ �a i ns in th manner prtw dui in prrau :rah n d ,n ;hat manner. Borrower shall
<br />Pay them on time d: oily it, rile persor, hued p +;nc..t. R, . r,w_r , a!i pn rip,; +
<br />h , ❑r ;sh t„ Lender ail .ouces of amounts
<br />te, be paid under this paragraph. If Borr(,wrr makes ?hest payments directly. 6nr ;<?svrr ,hall proinvdi, furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shawl promptly discharge any lien which has pnanty mrr this Ser,:rt. Instrument unless Borrewrn !ai
<br />agrees in writing to the payment :If the obligation secured by the !tell in a manner accept :big to Lender: i b) contests in good
<br />faith the ben by, or defends against enforce :men[ ni the lien m. iegai nroceedir•,gs which in the Lender's opinion operate to
<br />prevent the enforcement of the lien or torfraurr of any part of :tie Property or t,) secures from the holder of the hen an
<br />agreement satisfactory to Lender subordinating the hen io this Security lnstrument If Lender determines that any par, of
<br />the Property is subject to a lien which :nay attain pnonry 0-7- tt ;;s �ccun!} instrument, Lender may give Borrower a
<br />notice identifying the lien. Bormwer shall satisfy the lien or iakr n r rn. ;re , t the act! ns art +o r.r.:ahove within Ill days
<br />of the gtving of notice.
<br />S. Hazard Insurance. Horrotier shat! ee . he I rrpr u , r' ratter rfrecitd on the Property
<br />insured against loss by tire, ?tae a rds , it c 1 u d ed urt hit t the ?grin cni.u. ,.:, .aL, .- r +....) the: h a z a r s or which Lender
<br />requires insurance. This nisu an a i ar
<br />_racer requires. The
<br />insurance earner provuiing 1hr ,r.,ura.t., ...:.;I �. a:asr, t.. \,•; • - ...- „'which ,hall not be
<br />unreasonably withheld.
<br />All insurance polic:cs t,r tie . is had ci
<br />mortgage clause.
<br />Lender shall have the fight rte , h vs and :'a , z:ve to Lender
<br />all receipts of paler premiums a id vn, -w.;i n. tic, s ar. hr !t r \
<br />the insurance
<br />carne: and Lender Lender rna ,na�r ; •,,,,( i ;,;,s i r +t r. a„ „r fi r
<br />CQIrsS Lender and Hcir u r :rho Aav ig n Ar r r. >.t r t ; t i; . ;,
<br />n,: -anon .fir repair
<br />tit the Property damai d :f th rrstC''at.r
<br />-.c s !i eswriee' If the
<br />restoration or repair s r .t ••c..i m call „b:a :r i
<br />cur a u: _c !, , i - + ur..,:.c nceeds shall be
<br />applied to the sums w ured h\ s �e :unto Inst urn h nc�r r _•. \
<br />c, -a L Borrower. If
<br />Borrower abandons ?he P�rpA ,r i! e n i ansAa si; ; C ia\ ,ni i '
<br />7ne Insurance earner has
<br />offered to settle a claim, rhrn l rn j% u h n u
<br />the Property 'r tr> n.. r.,: • i ,..r n : :
<br />d, r,, r c air or restore
<br />pa% sums �t ., .0 ., ;, :❑ ;n,' rr�_nt, >. , ,1., p
<br />when the notice Is zi%en
<br />rerutd will begin
<br />Unless Lenderand &rr ur [h v .< } • c .; L an', c.ui r , r;,
<br />p i ,hall -lot extend or
<br />} xnt }xcnerheduedate,,,irhrmnnthl. ;a
<br />,, he pay nenrs if
<br />under paragraph Io the V!`1Per! s : ui.;?r i oc Lender. H r c wcr! ;,h r , ,
<br />`room i, 1 r +cords r.sul :arc
<br />damage tc. the P. •. petty p .,,r .,- uut,LCn , s
<br />l f_ •?cr • - s,, :r t to ?his 5ecurtt}
<br />istsrrutnent immediately pour i ,the acquisition. + � �••
<br />6. Preservation and Maintenance of Property; Leaseholds. B ;rr :'w•r
<br />change the Pro ar;laee.:r suhstanhoiJ.
<br />R pertc, allow ^e P prrh ru dean wale . ,i.,ir.it sa, I , � •; m%:,
<br />Borrower shall comply xith the nr ytsions of the ;ease. and if 13t,rr,�Ar' �La;•.;;;e, s ,,r; � .c isehoid.
<br />rr ;u', ..rr 1 e tp, site Ieaseh.,id and
<br />let:;tleshal! nor merge i.nic4s 1 u;,.cr agrees;,. the, metQcr m ,ruin~:
<br />'?. Protection of Lender's Rights in the Property: Mortgage insurance. It Hrrr•: wer fa;h To per;trni !nv
<br />covenants and agreements contained in this Secunrc Instrun e c e . :: l :i uric th, :! ntac ,irnih r; K arfcc
<br />Lender's rights in the Property such as a proceeding ;r; i ik , • b cram ;..,n r •,• en'ir.r low,
<br />regulations). then Lendc may L'c ino 1 ^es for •,vita
<br />in the Property Lenders ac:io s may irt,'ueie p , A e F ; i e uric L,'rider hr•
<br />i ;r uric ! n has r , r : . + th ;s
<br />Instrument, appearing m court. ;+acing retsonabli ;, r..r. , ,. s
<br />Lender m ry take Jci,, ;n
<br />.. vrr •t „f•arJ6t•l, t . -. c.. -, Any arnounis dRhur't"J , I e I,i<' ;1 1 .1 ;i ,; ,1.,t I ,! , ,I .. , •• It r:'w!
<br />Sccuriry Instrument l t ic!s
<br />B. r tier an , 1 er.drr a rc°c - tae a • unn 01,1H I,.,- it r ;
<br />the date of disbursemcm at the N,ue rate anti •,h,il '�sr ;jai ,, ?a, �•..! r:r ,s r+n
<br />requesting payment .
<br />If Lender required mot Gage :risarzance as a :v +n ;Ln, ; „i m it nr an ,r, ;; c+ ' tierurty Ills[ .,r: '
<br />Borrower shall pay the premturms cc1u >rrd ? +? matnfa;n ore nsut :,n, n t',., -+ ; u., •.,;ct. ,.r,:r , the rrquiremrnt f r he
<br />insurance terminate!, an accr-- rdancr with if *,rr -.wet' •.;and Lender wr ?rn .i�rr ;T,rnr r ,is t ficahlL Lau
<br />R. Inspection. Vendor apcht na; tali a yes x ibis u p i r ,eL ; •ns hr Cr,per;�
<br />,hail give Borrower notice at ! hr i • mru,.
<br />9. Condemnstion. f{: a Ye; y il;'. iw 9rri :,1 :!aw,
<br />any condemnation or trthrr taking .4 .W. ra-r i hr
<br />nna i;..,re
<br />exvi}{nni ;tnd shall hr paa+1 i,: 1 •n,iet `
<br />In the evGnr of a [oral 1eti =t !rr
<br />In�aitUf19ef71. ~netite! ! r f S air !` •4, (, 11, S i;(i
<br />.ink?°” Fi ,p r :,u and 1 ri jcr !i,,' nn• .e :r, o�n, uiy:
<br />tart' ttr' lit-.
<br />1r,.1
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