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<br />84 --- 006669
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<br />Lender pays Borrower inlerest on the Funds and applicable law pennits Lender to make such a charge. Borrower and
<br />Lender may agree in writing Ihal inlerest shall be paid on the Funus. 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 ellrnings on the Funds. Lender
<br />shaJl Jive to Borrower, wilhout charge, an annual accountinl of the Funds showing credits and debits to I he Funds and the
<br />purpos.: for which each debit to the Funds was made. The Funds are pledgea as additional security for the sums secured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, together with lhe future monlhly paYlJ1ents of Funds payable pntJr 10
<br />the due dates of the escrow items, shall CllCeed the amount required to pay the escrow ilems when due, the excess shall be,
<br />at Borrower's option, either promptly repaid 10 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 ncc:asary to make up the deflciency in one or more payments as required by Lender.
<br />Upcm payment in full of all sums secured by this Securily Instrument, Lender shall promptly refund to Borrower
<br />any Funds held by Lenoo. If under para&l1lph 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. Applkatioa of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br />pafalBpas 1 and 2 shall be applied: first, to late charges due under the Note; second, to prepayment charges due under the
<br />Note; third. to amountli payable under paragraph 2; fourth. to interest due; and last, to principal due.
<br />4. Charps; U-.. 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 lhese obliptions in lhe manner provided in paragraph 2. or if not paid in that manner. Borrower shall
<br />pay them on time direc:dy to the perwn owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />10 be paid under this paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish to Lender
<br />receipts evidencing lhe payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security InstrUment unless Borrower: (a)
<br />qrca in wririnS to the payment of the obliption 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 proceedinp which in the Lender's opinion operate to
<br />prevellt the enforcement of Ihe lien or forfeiture of any part of the Property; or (c) secures from the holder of the lien an
<br />qr_nent satisfactory to Lender subordinatinSlhe lien to Ihis Security Instrument. !f Lender detennines tbat any part of
<br />t!!e Property-is ~U~ 10 a lien_:lIo:b~}Lm!.L!.lt~~Il,J1IloriJ,Lover this Security Instrument, Lender may Jive Borrower a
<br />nocice identifyinS the lien. Borrower shall satisfy the lien or take oneor more oHhe acfiOns set fOrth above WltiiiftI(j"c:iays
<br />of the livlng of nocice.
<br />5. Huard IlISIInJICe. Borrower shall keep the improvemenlS now existing or hereafter erecled on the Property
<br />iRSUred apnst loss by Are, hazards included wilhin the Imn "extended coverage" and any other hazards for which Lender
<br />requires iRSUrana:. This insurance sball be maintained in the amounts and for the periods that Lender requires. The
<br />iftlurance carrier providinl the insurance shall be chosen by Borrower subject to Lender's approval which shall noc be
<br />lmreuonably withhdd.
<br />All iftlutanee policies and renewals shall be acceptable to Lender and shall include a standard monpp clauac.
<br />Lender shall have the right to hokl the policies and renewals. If Lender requires. Borrower shall promptly Jive 10 Lender
<br />all receipts of paid premiums and renewal notices. In tlte event of loss. Borrower shall live prompt notice to the iRSUrance
<br />carrier and Lender. Lender may make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise alree In wrilins. insurance proceeds shall be applied to restoration or repair
<br />of lhe Property damqed. if Ihe restoration or repair IS economically feasible and Lender's securilY is not lessened. If the
<br />restoralion or repair is not economicaJJy feasible or Lender's securily would be less.ened. lhe insurance proceeds shall be
<br />applied to lhe sums secured by this Security Instrument, whether or not then due. with any excess paid to Borrower. If
<br />Borrowct' abandons the Property, or does not answer within JO days II notice from Lender lhat lhe insurance carrier has
<br />oI'cred to settle a claim. then Lender may collecl the insurance proceeds. Lender may use the proceeds to repair or reslore
<br />the Property or to pay sums secured by Ihis Secunly Instrument. whether or nOlthen due. The JO-day period wfll beJin
<br />when lite noclCe is liven.
<br />Unless Lender and Borrower otherwise agree in wriunl. any application of proceeds 10 principal shall not extend or
<br />poItponc the due date oftlle monlhly payments rderred 10 in paragraphs I and 2 or chanle Ihe amount of lite payments. If
<br />WIder parasraph 191he Propeny is acquired by lender. Borrower's righllo sny insurance policies and proceeds resulting
<br />from damap 10 lhe Propen}' prior to lhe acquisition shall p85li to lender to lhe extent of the sums secured by this Security
<br />tnstNmeat immedialely prior 10 lhe acquisition.
<br />6. ~ioa ami Mal.tenaace of Property; Leaseholds. Borrower shall nOI deslroy, damaae or substantially
<br />chanp tlte Propeny, allow the Propen)' to deteriorate or commit waste. If this Security Instrumenl is on a leasehold.
<br />Borrower shall comply with the provisiOltS of the lease. and if Borrower acquires fee title 10 Ihe Property, lhe leasehold and
<br />fee rifle shall not l'IlCrlC unless lender asrees 10 the merser in writ in,.
<br />7. Proteetioa of tender', RlplIi iA the Property; Mortpge Insurance. If Borrower fads 10 perform lhe
<br />covenants and agreements conlained in Ihl$ Securily Instrument, or there is a legal proceedinSlhlll may SIgnificantly affect
<br />Lender's nslm III Ille Property (such 8.li II proceedlOS in bankruplcy, probale. for COndemMllIlOn or to enforce laws 01'
<br />'CI"la1ionl), lhen Lellder may do and pay for whatever IS necessary to protect the value of the Prapen)' and lender's nlhls
<br />in lhe Property. lender's IIC1lons may mclude paying an)' sums $CCured by a hen ,,"hich has pnonty over Ihis Secunty
<br />Instrument,appellon, in coun, paying rea$Onable atlomeys' fees and entenng on the Property 10 make repaIrs. Althoosh
<br />Lemkr may take lI\':tion under this paragraph 7. I.ender doa not have lodo so.
<br />Any IIl"tOUnlS dKbursed by lender under Ihls paragraph 7 shall become addlllonal debt of Borra,,"cr \ccurC'd b)' Inli
<br />Secunly InMrument. Un~ Borrower and tender agree 10 other lerms of pa)'menl, Ih~ amounlS shall bear II1leresl from
<br />the date 0( dlsbursemenl .lit lhe Note rate and shall be payable, wllh Illleresl, upon nOl1ce from lender 10 Borro,,"cr
<br />r~tAI payment.
<br />11 Lender rlquircd moftlap insurance as I condition of maklnt tIN lOan secured by Ilns SecUrll)' Instrument.
<br />BorrO"lW/1 stmlI pay 11M pURltumfo requirolla 10 mll;,nlain the insurance in effect unlil 5u1:h lime IlS lhe requirement for the
<br />IM~r&MC: Ic:rmmalft In lICcor6an<< with Borro.....er.s and lender's wrillm alreemcnl or applkable law,
<br />e. h"~ctiOft. tender I~r III I!Ipnl may make r~lIble cntnes upon And mspccltOOS 0( the Pl'Openy telllkr
<br />~ save Borrower 001 ice III tM lime of Of prior to an iMpec:lion spec:lfyll\1 rC&!lOlUIbIc cause for 1M insp<<lton.
<br />9. Coli....... 'f'M pn,lCcM of an)' award or claim for damlllft, direct Of COOsequmliaJ. in connection Mtlt
<br />M, C:1I,,~ImMt_ Of <<her to.. of aAY part or 11M Property, or for oonVq'lOOC in lieu 0( condmlnallon. IIrc hereby
<br />__ _.W ,",-10 LM...
<br />llit ~ ~ at 1II)I1Illakillll 0( the Property, the pfCK:~ shall be applied 10 lhe sums KI;\lred by this Socllril)'
<br />Inst..-t. whether Of 001 lMQI, dltC, wllh any I.'lCOM paid to BorrOWCT In the e~Cnl of 3 J)luttal taloniJ ('" lhe 'ropcr1}',
<br />..."*5 ~r<:''''~f And I.f,,,,le. nlh,cr...'''''l "Ilr!:'c in ...'llil1f1j, Iht! ~lJffl5 ~<;uled by It1l5 "",c'UI'lIy In511'ulllent ,hall b<:' I educed b)
<br />~nt' ~_"W)ti'r.:~ {i~ !111drlphed ~~t' the f'.lllO>A'm~ ff..,~.flnn (a; the t!.)t1\~ ,Ii,H~nu.nf {\f fhe "-ufn"'''t\.ured in\llledUlcl~
<br />h:cff.':H;~ ~h~ f,it~ Ih, I I tflMke' ',,~!u;' 'f ",!:, P!t;'~>f'ny HnfneijUtlf'l~ hCkr!r' thr t_'d'_l71~ '\1\\ 1'-:11,\11\1" ..tutU ww
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