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<br />84,--
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<br />006561
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<br />USIFORM COVESA!'.'TS. Borrower and Lender covenant and agree as follows:
<br />I, Payment of PrillcipallUIliI brterest; Prepaylllellt lUIliI Late CJIarges. Borrower shall promptly pay when due
<br />the principal of IInd interest on the debt evidenced by the Note and IIny prepll~"1Tlenlllnd lllte chllTges due under the Note.
<br />2, Fuads for Tues and ~ Subject to :applicable law or to a wrinen waiver by Lender. Borrower shall pay
<br />to Lender on the day monthly payments are due under the Note. until the Note is paid in full, II sum ("Funds") equal to
<br />r one.twelfth of: (a) yearly WlCS and assessments which may attain priority over this Security Instrtmlel'lt: (b) yearly
<br />Ieaseho1d payments 01" ground rents on tile Property, if any; (c) yearly hazard msuraace premiums; and Cd) yuriy
<br />~ insurance premiums. if any. These items are called "escrow items." Lender 11Uly estimate the Fuads due on the
<br />basis of current data and fClISODllbIc: estim&tes of future escrow items.
<br />The Funds shall be held in an institution the deposits 01" accounts of which are insunxl 01" guarantcrllf by a fedenl or
<br />state apey (including Lender if Lender is such an institution). Lender shall apply the Funds to pe.y the~ ~
<br />Lender may not charge for holding and applyiq: the FUDds. analyzing the accowt or \'~ the escrow ~,. ~
<br />Lender pe.ys Borrower interest on the Funds and appJicabIe Jaw pennits Lender to make such a charF-
<br />Lender may agree in writing tbat intertSt shall be paid on the Funds. Unless an ~t is made or
<br />requires interest 10 be paid, lender shall not be required to pay Borrower any interest 01" earnings OIl the F~ Leader
<br />slWI give to Borrower. without cbarge. an lUlnual accounting of the Funds showing credits and debits to the Fundsand the
<br />purpose for which each debit to the Funds W'as made. The Funds are pledged as additional securityforthe____by
<br />this Security Instrument.
<br />Uthe amount of the Funds held by lender, togetber with the future monthly pe.yments ofFtmds payable prior to
<br />the due date> of the escrow item~ shall exceed the amount requinxl to pay the escfO\\' items when due, me a.ces5 sUI be,
<br />at Borrow'er's optlon. eitber promptly repaid to Borrower 01" credited to Borrower OIl monthly paymmts ofF~ !fthe
<br />amount of the Funds held by Lender IS not sufficient to pay the escrow items when due. Borrower ,shaH pe.y SO Lender amy
<br />amount necessary 10 make up the defiCiency in one 01" more payments lIS requinxl by Lender,
<br />Upnn payment m full of all sums secured by tbis Securit). Instrument. Lender shaH promptly rdURd to......-.,c
<br />an)' Funds held by Lender If under paragrapb ] 9 the Property is sold or acquired by Lender. I..c:adrcl' shaH appbi.~~
<br />than lnunediately pnor to the sale of the Property or its acquisition by Lender, lUl)' Ftmds held by I..c:adrcl' at the,timl:Gf
<br />applicallon as 11 credit against the sums secured by this Security Instrument.
<br />3. AppIicatifm of P8ymmts. Vnless applicable law provides otherwise. aJj payments received by 1..cmIcI;. ~..' '.
<br />paragraphs I and 2 shall be applied: first. to late charges due under the Note; second. to pn::pay__t clw'Jes4ue .......
<br />Note: third. to amounts payable under paragraph 2; founh. to interest due: and last.. to priac:ipe.! due..
<br />4. CIIIIr1Jes; LieIIL, Borrower sball pay all taxes, assessments, charges. fiDes aDd ~ attJ~ ..., dI1l
<br />_____,_~open~ whICh may attam pnonty over this Security Instrument, and l~ pe.ymeatsor potIIIIi -. if..,.
<br />Borrower shall pay these oollgaT1onsm1l1emllnucI p",.iJal UI p4i~"l'h:, oHf~-~ri-.';;;: mJl.....-. ~~,,--M'..j,
<br />pa~ them on lime directly 10 the perliOtl owed payment. Borrower shall promptly ftll'lrim to Lenda' all DOti&:es of __ ~i ;~
<br />t:J be paid under thIS pllI1lgfapll. If Borrower makes these payments directly, Borrower shaH pr'tl'IBpdy fumistt to........
<br />receipts ev1dencIDgthe paymenls.
<br />Borrower shall promptly discharge any lien which has priority over this Security lnlitnnoent tmless ".4~.4. <at
<br />agrees In "mtJ~ to the payment of the <"'ligation secunxl by tbe lien in II manner acceptable to I..ender: (b)~m""
<br />faIth the lien by, or defends lIpmst enforcement of !he lien in, 1ep1 proceedings ..illch in the Lender's ~ IJIlIlI*I8
<br />prevent the enforcement of the ben or forfeiture of any part of tbe Property; or (c) !iClCUTes from the hoIciI<< of the ....
<br />agreement Slltlsfactory to Lender subordinating the lien to tbis Security Instrument. If Lender detennmes dial .., ,... of
<br />the Pr~y !S subject [Q a lien ",'bieh TmIY altain priori~' over this SecuritJ !nstnmIC:8t, Lender 11Ul)I sWe ao.r- .
<br />notICe identifYIng the lien. Borrower shall satisf~ tbe hen or take one or more of the a.."tioos liCl forth ~ W!idIm W d8,s
<br />of the g1~'lng of notICe
<br />5. HaunI 1_. Borrower shall keep tbe Improvements _. ex1Stlng or ~ ~ OIl me ~
<br />msured agamst loss b~' fire. hazards Included wnhin t~ term "extended coverage" aDd lIIl~' other ~ fur ~ ~
<br />reqwres insurance. ThIS Insurance shall be maint...mcd in the amounts ',,00 for the ~ that Lc:ndcr ~ Tbe
<br />IImlrance camel pro\'lding the Insurance shall be chosen t>j' Borrower s~ 10 Lender's ~lIl ~ shaH act be
<br />unreasonabi)' wlthbeld.
<br />AllllL\IIrllIlCe pobcll:S and rene.....als shall be acceplable to lender and shalllnelude II ~ Mor'I Jf dIIiuR.
<br />Lender ihall have the "ght w hold tbe polICies and rencwal.s If Lender requirefs. Borrower sltaH ~ JM: . .LamIar
<br />aJj rece2pts of paid premiums and r~al notICes. In the event of ~ Borrower shaH JM: ~,~ to the ~-~
<br />carrier and Lender. Lender may llIllke proof of!ol;s if not made promptly by Borrower.
<br />Vl1less Lender and Borrower otberwlSe agree in Wntlni- tnMUllDCe ~ sJWl be ~ to ~<<~
<br />of the Property damapd. lf the restoratIOn or repau is economicall}' feuible and l.end.cr's ~ is Me ~. If the
<br />lWtoratWn or repair is not ecooormcally featilble or Lender's security would be ~, me un UIUCC ~ lIiIali '-
<br />~ 10 the S1.ItIlS secunxl by this Security IlUtl'llmCVlt. whether or not tben clue, with ." a.ces5 paid 1O ...._4.. If
<br />Borrov.<er abandons lhe Property, or does not answer witbin 30 days II notice from Lender dw the inN~ c_ ...
<br />oI"ered 10 liClt!e II claim. then lender m3Y collecl tbe ill$urance proceeds. Lender may U!le the proceeds to ~ or ~
<br />lbe Pmp:ny or 10 pay sums secured by tbis Secunt~' Instrument, whether 01" not then due, TIte 3O.o.y J'leTIOd w,,"1 bcptI
<br />when lbe notICe IS glVc:tI,
<br />UIlless Lender and Borrower otherwise agree lD writlDg,llny lIWhcaHoo of proceeds to ~ shall Ilot Cll1elld or
<br />por;Ipone the due date of the monthly pa~'ments referred to lD paragraphs land.2 or change the llmoul'll of the paY_I" If
<br />utlder ~ 19 the Properly IS lICqulnxl by Lender, Borrower's ngbt 10 a!1~ lfiMlnnce fIt..l~ IInd proceeds resulting
<br />from damage 10 tbe Property pnor w the acqUI5IllOl'l ~hall pa!>lo 10 Lender w the elltetll of the S!.IID~ secured tly thiS SccUl'lT~
<br />lllstrummt Immediately pnor to tbe acqUiSlllon
<br />6. ~ _ "~of ~ I uHllolds, Borro\\c:r shall Ill'! de>ln>y. damlll'e '"lr sublillll'ltta.lly
<br />ell.. lbe Property. allo'll the Pl'openy to delenorate or commit wasle If thiS SecufllY Instrument IS on II lelll>dtold.
<br />Borr0Wef ~lta.ll comply ....lth the I'rOVl'.loo~ of the le.ue. and !fBorrower acquIres fee lltle to the Pmpeny. lhe I_hold am!
<br />lee I!tle s!ta.ll not merlle un!eli1. Lcllder ",,.rees to tbe merger ll'l ..mm,.
<br />,. Pnlt<<tioII of l.eIlder', ~ ill tile ~; \t~ I~. If Borro....er flllls 10 pert,'f11'1 the
<br />\:o.._t$ and "llreemenh wntamed m liltS Sc;,:uflly Instrument, "T there" a le!!!a! rrocredll'l!1t thai may' sll!lllllkafllly IIff""l
<br />L~'~ nf-llls lfl tbe Prt>f'Crl~' (such as II pmcttdml!llll bankruptn, pH>Oate, f"T condemnall()ll or to t."flfnrl'c 111...... N
<br />rq:ui.lllMm~I, thnl L.t'Ilder may dOllnd flllY lor ....nlltc\er I' net.~Sll!" In pt"let-' ,iH' \ lIlue pI the Property and Lender', Tllithh
<br />ill tbe Pft~y Lellder'~ actions may mdllOe l'a~1fI1it afl' sum' ,-<,nHed \'t, a lien ....tll,.h ~"iI' prwrtly .weT !lllS Se\.'IJT'll'
<br />IM11'Y~1. "M'f:lIflnlllfl ",ourl, paYllll1 'e......l'".."k lItl.'me', r""" and ef1lerm~ ""lhe Pf1'f"'rl\ In mal..e rel'l'lf","llhn\.l~h
<br />L L~ mil) tilke IICllon uooc"r 1111' I'lInl!i:.nrh :, LenOt-I den 1101 ha\e I" rip '"
<br />Any liI_mnls d'jO,!>Uf"'x1 by lend.er under lh" plllall.rlll'h . ,hail f\e-,ome lIdd,uPllal debt "~t BOff;'\\'" '(',mN! h Ih,~
<br />~-l.Inl'Y Ifl~lr\lll>l:Tll Ln~ Itlt>fl{....~t and LeTI(le1 Rllfe<" 1\. "lht'f fenl1\ (\1 1'''' mt'l\l {h(',~ an"',,,," ,h:iJi bea' IllIere,1 h"1ll
<br />1~ daU' r.'~" ,1t~tW1nf11f .mf the ';0#<: fiUf" ;N11.d ,hall he rg\.i~hk. "lfh ln1f'r~1 UTt>('rl n,Ilh"C f~()r:-l I rndeT I" Hnr't'i,\\n
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