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OIX
<br />UttltaoRm CovT.N Non. Borrowerand-Lender- covrnant-and agree.as follows:
<br />A. =P"wwnt of ~1f rwzgtaf aid °lawwatt; PnWymed.Laid bale Cam. :Borrower,shall promptly, :pay when .due
<br />the,pincipiil nfamd.intemt mrti e, debt evidenced by the Ncuand any prgmymentand '.lateicharges "due.under the'Now.
<br />2 thse fir Titeeeattiliaataaaee. `Stibject:to.applicable;law or to a writtenwaiverby Lender. Borrower shall_pay
<br />to1cuder on the day monthlypayments am,due.under the Note, until the Note is: paid :in. full, a sum (' Funds ") equal'to
<br />otwiwcft of: (a) _yearly [aces "and - asseuments < Which may attain _priority over this Security :Instrument; (b) yearly
<br />lwAakofd :;paytneetts or ground rents on =the Property, if any; '(c) yearly :hazard insurance ;premiums: and (d) yearly
<br />raortptae.amsunance preen utts.:ifany. '.Phew itemsatg�crelied "escrow+ items. ":Lender may °estimate:theFunds.due•on the
<br />tam tip ourmnte><A on d rmsonaii)k et tintates of future escrow items.
<br />Thefunds Aall be;hoid man, institution the deposits or accounts of which are insured or guaranteed`hy - federal.or
<br />sUft agattsy (indudin,,g l.enda,if 7.etufer,is sash an institution). Lzitder :shall apply the`Funds:tn pay she escrow items.
<br />`I utay nat.charSc1or"holding and- applying:thc.Fumds, analyzing the account or verifying.the escrow .ftems,.unless
<br />Lender pays:)9orrower interest on the :Funds and:appiicabie law permit,-Lender to make such a charge. Borrower. and
<br />I.eudermay agme in writing that interest shall'be; paid on the Funds. finless an agreemeni is made.or- applicable 'law
<br />requites interest-to be paid,'Lender shall not be required to pay Borrower any interest or earrim s.on the Funds. Lender
<br />#hall givetoBorrower, :withtwtcharge,:an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purposr_f'or which. each debwto:iheFunds was made. T efunds arc pledged as additional security for the sums secured by
<br />this Securitylnstrummt.
<br />lfthe amount oftheFunds held by Lender, together with the future monthly,paymcnts of fiunds: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 7epaid.toBorrower or credited to Borrower on monthly payments of Funds. -If the
<br />amount oftheFunds held "by Lender is not sufficient to pay the.escrow items when due. Borrowershall 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 prompt IV refund to -Borrower
<br />a* funds `held by`. Lender. 'If under paragraph 19 thePrgperty is sold or acquired ht. Lender, 'Lender shall apply, no later
<br />than immediately: prior to the sale of:the:Prgperty or its.acquisition by Lender. any Funds held b% Lender at the time of
<br />aWlication as a.credit against the sums secured by this Security Instrument.
<br />3. Applicatim-of symena. 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 Z; fourth. to interest due: and last. to principal due.
<br />4. `fit Lints. Borrower shall pay all taxes, assessments, charges. fines and impositions attributahle,to the
<br />Property which may attain priority over this 'Security .instrument. and leasehold payments or :round 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 an time directly to person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to he paid under this paragraph. 'If Bnrrower makes these payments directly. Borrower shall promptly furnish to Lender
<br />receipts evidencing: the,paymlent%.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless.Borrowert ta;r
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, (b)contest, in good
<br />faith the lwn,bv, or defends against enforcement of the lien in, legal proceedings which In the Leader's opinion operate to
<br />prevent the.eaforcement of the lien or forfeiture of any part of the Property: or tc) 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 is subject to a lien which may attain priority over this Security Instrumeni. Lender may give Borrower ti
<br />notice identifying the lien. Borrower shall satisfy The lien or take one or more of Itte actions set forth ahnvr within 10 days
<br />ofthe giving nfnoticc.
<br />3. Hazard 3mi nonce. Borrower shall keep the improvements now eaisttn_ or hereafter erected nn the Propern
<br />insured against toss try fire, hazards included within the term ' extendeo coverage'" and any other hazards for which lender
<br />requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The
<br />insurance carrier providing the insurance shall lite chosen by Borrower subject Io l.Grider's approval which shall not he
<br />unreasonably withheld.
<br />All insurance policies and renewals shall to acceptablt to Lender and shall Include a standard mortrage clause
<br />Lender shall have the right to hold the titilicres and renewals. If I.a•nder requires. Borrower shall promptly give In Lender
<br />all receipts of paid premiums and renewal notices. in the event of loss. Borrower shall give prompt nonce to the InsiITaGCe
<br />carrier and Lender. Lender may make proof of toss if not made promptly by Borrower
<br />UnL—A Louder and Borrower otherwise agree in writing, Insurance proceed; shall by applied to restoration or rep::tr
<br />of the Property damaged. if the restoration or repair its economically feasible and Lender's security is not lessened If the
<br />resutration or repair is not economically feasible or Lender's sccurit% would he lessened, thr InSrlratICC proceeds shall he
<br />applied to the shins secured by this :Security Instrument, whether or not then due, with ally excess paid In Borrower. If
<br />Borrower abandons the Property, or does not answer within 30 days a nonce from lender that file insurance carrier has
<br />offered to settle claitn, then Lender may collect the insurance proceeds Lender may use the procceds to iepuit or reCiore'
<br />the Property or to pay sums secured by this Security Instrumeni. whether or not then due The 30 -day period will hcgm
<br />when the notice is given.
<br />UnL- Lender and Borrower otherwise agree m writing. any application of proceeds ur principal shall not extend or
<br />postpone the.duedate of the monthly payments referred to m paragraphs I and _. or change [tic amount of the pat•tnenis li
<br />under paragraph 19 the Property is acquired by Lender. Borrower's right it, any insurance pohcles and procetajs resulttne
<br />from damage to the flntperty prior to the acquisition shall pass it, Lender to the extent of the sums secured ht 11111 Seca. ^rte
<br />Instrumentimmediately prior an the acquisition
<br />6. '.Primrratlat did MLtntenapee of ProperlYa.eaaehuMs. BCrrtlWC1 shall not destroy. daniagt- nr suhsuunutily
<br />change the Property, allow the Property to deteriorate of commit waste: if thus Securtn Instrument 1s in a ieaschoid,
<br />barrowei %hall comply with the provisions of thr Icase, and if Horrower acquurs Ier m k• it, tilt: Property, the icaseitnid anti
<br />fee tfth. shall not merge unless l.eidm agrees to the ;merger its writing
<br />7. Preachm of Leedar's Rio%.in the Property; Marttttytc Inswraneu. 11 Iionower fails u, prrinrni the:
<br />covertantnattd aftreements contained to ths,Securiq livortrment, or ihenr is is Irgal pruc:rrtfinE that Into Slgnrficattth infect
<br />I.cnder's rights sit the Property (such as a priweedin g iit hankrupwc . probate. It+r ennefemnatWII nr 10 eni;rrer las%l III
<br />vegulatitns). then Lender may do and pap for whatever I% tiecessan u, protrrt thr kahw of tilt- 11: otm-m mid t .ender' whi,
<br />in the Property Lender's ,actions may Include paying 1111% sums secured h. it 1rn Winc'h hit- t +rinrtt lwrr 0111 Srcu =tt1
<br />Insirumeni, appearrll'I, in ci.iirrt, payitir reaiionahle attornev,,, lee:, and edit -iilg m; the, Propvm t;, toils rp,wl •ii! iomoi, Fir
<br />Lend" Mat takr aCttntt under till, paragraph 1xvider does not Iris, to d1, v.
<br />.Any amounts disbursed h% La rides under this paragraph ` Aiali fhscome• adrltr.IIii! deli No- rr,u,•r 'V: 111cci h, 01r+.1-
<br />limutm Instrument linicw fitcrtowr..t and f..r_nder agwr 1t- nthr0 mint^ p �trn..; �hr,r <nir,utn1 h,!; Y,r1t• 110 ,e .; r-,e +r
<br />tht butte sif dtahui emew sit the Now [°air aril viratil hr pi,Iahlc wrtb rL•rc� +t as �1 � .t-1 „1:•, ft- ,..,,,._
<br />rreturmtttty taxvntrttt
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