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84 --- OO?-"D uQ1-';t) L l:SIH)J(~ CO\'F,:SANTS Borrower and Lender covenant and agree as follows: I. Payment of Principal and Interest; Prepayment and Late Charges, Borrower shall promptly pay" hen due the pnnclpa] t1f;md lnterest on the debt evidenced....y the Note and any prepayment and late charges due under th~ Sntc 2. Funds for Taxes and Insurance. SUbject to applicable law or to a written waiVer by Lender. Borrower ..hall pay to Lender t1n the day monthly payments are due under the Note, until the Note is paid in futl, a sum ("Funds") equal to (Hle-!welfth of: (a) yearly taxes and a~sessments which may attain priority over this Security Instrum~nL (b) ye:lrl~ leasehold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums: and (d) yearly mortg.age in\urance premiums, if any. These items are called "escrow items'" Lender may estimate the Fund~ due on the ha<.;i.:; of current data and reasonable estimates of future escrow items. The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or state agency (including Lender if Lender is such an inslitution), Lender shall apply the Funds to pay the escrow items, lender may nOI charge for holding and applying the Funds, analyzing the account or verifying Ihe escrow items, unless lender pay' Borrower interest on the Funds and applicable law permits Lender to make such a charge, Borrower.and lender may agree In writing that interest shall be paid on the Funds, Unless an agreement is made or applicable law requlfes Interest 10 be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds,Lender ,hall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was made, The Funds are pledged as additional security for Ihesums secured by this Security Instrument. If the amounl of the Funds held by Lender, together 'With the future monthly payments of Funds payable prior to the due dates of the escrow items, shall exceed the amount required to pay the escrow ilemswhen due, the excess.shall be;' at florrower\ option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds, If the amount of the Funds held by Lender is not sufficient to pay the escrow items when due, Borrower shall pay to Lender any amount necessary to make up the deficiency in one or more payments as required by Lender. Cpon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any Funds held by LendeL If under paragraph J 9 the Property is sold or acquired by Lender, Lender shallapply,nolaler than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by Lenderanhetimeof application as a credit against the sums secured by this Security Instrument. ), Application of Payments, Unless applicable Jaw provides otherwise, all payments received by Lender under paragraphs 1 and 2 shall be applied: first, to late charges due under the Note; second, to prepayment charges due under the' "Ole: third. to amounts payable under paragraph 2; fourth, 10 inl 'osl due; and last, 10 principal due, 4. Charges; Liens. Borrower shall pay all taxes, ;:<"-.~~lilents, charges, fines and impOsitions_:attributable:_-1o~}he-: Property which may attain priority over this Security In~~l'ument. and leasehold payments -or ground--_rents._ If any-;- florrower shail pay these obligations in the manner provided in paragraph 2, or if not paid in that manner" Borrower shall pay them on time directly to the pers0n owed payment. Borrower shall promptly furnish to Lenaer all nGtices of amounts 10 be paid under this paragraph, If Burrower makes these payments directly, Borrower shall promptly furnish to Lender' receipts evidencing the payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees III wnling to the payment of the obligation secured by the lien in a manner acceptable to Lender: (b) contests in good faith the lien by, or defends against enforcement of the lien in. legal proceedings which in the Lender~s-.opinion operate [0 pre'enl the enforcement of the lien or forfeiture of any part of the Property; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines'!hat any part of the Property is subject to a lien which may attain priority oyer this Security Instrument. Lender may_-give Bofro\\'cr a nOflce identifying the lien. Borrower shall satisfy the lien or take onc or more orthe actions set forth above wit-hin -IO-days of t he gi vi ng of not ice, 5. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on th.e 'Property insured against loss by fire. hazards included within the term "extended coverage" and any other hazards for which"Lender reqtllres Insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires.- The in;;;urance carrier providing the insurance shall bt: chosen by Borrower subject to Lender's approval \\'hich shall not be unreasonably \\ithheld. All insurance policies and renewals shall be acceptable t.o Lender and shall include a standard mortgage cla'use; lender ,hall ha\e the right to hold the policies and renewals. If Lender requires, Borrower shall promptly give 10 Lender :!Jl re('"t:irts of paid premiums and renewal notices. In the event of loss, Borrower shall give prompt notice to the in~uranc_e .:arna 3nd Lender. Lender may make proof of loss if not made promptly by Borrower. Cnless Lender and Borrower otherwise agree in writing. insurance proceeds shall be-applied 'to restoration or repair of the Property damaged, if the restoration or repair is economically feasible and Lender's security is not lessened, If the re~toration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be appli-:d If'" ihe sums secured by this Security Instrument. whether or not then due. with any excess paid 10 R0rrOWer If Horw\l,tf .lbandon~ the Property, or does not answer Within 30 days 3 notice from Lender that the insurance carrier has offered to "'CItle a claim. then Lender may collect the insurance proceeds_ Lender may use the proceeds to repair or fe-store th(' Prt,!,erl) or to pay s.ums secured by this Security Instrument, whether or not then due. The 30-day period will begin when lht.:' nOUn; is gi\-cn. L.nk,,~ Lender and Borrower otherwise agree iO writing, any application of proceeds to principal shall no( extend or rt)_\rp\~nt: t he due date of the monthly payments referred to in paragraphs 1 ::tnd 2 or change the amount of the paymenb, If under paragraph }O the Property is acquired by Lender, Borrower's right to any Jnsurance policies and pnxt.:'cds resuinng: fT\>nJ lbmage tl) the Property prlor to the acquisition shall pass 10 Lender to the eXlent afthe sums secured hy lhi~ Secunty I tl~.!rurnt:nl lrnmcdliih:ly prior to the acquisition. 6. Preservation and ~Iaintenance of Propert)"; Leaseholds. Borrow~r shall not deslroy. damage 1-~f "Ub'lall[l..dl~ clung:..> the Prtlpe[{~. aUo\\ the Property to deteriorate or commit waste, If this Securuy Instrumellt I;>; \)11 ;j ka...d101J. Eh)rn\\~ ef ...hall cc\mply wlih the provisions of the lease. and if Borrower acqUires fee title to the Property_ the k";],dlOld and f~c tlik' "fun not rnerg..: unless Lender agrees to the merger in wriling, I. Protection of Lender's Rights in the Propert)"; \lortgage Insurance. If Borrower falls. !() rr:rf.HI11 lhc ,,-'i.nerur.(\ ;H;d agre("menr~ conlained in this Security Instrument. l)r that" 1<" a legal proceeding that ma~ "lgndlc.mtl:. ;tffecl Lender'" nght,> in the Property (such as a proceeding in bankruptcy, prob..He, for \."ondernnatlOn or III enfor-:I.' !:lv." ilf regulclt li'n'd. then L t'ndcr rna! do and pay for whatever is nece~sar)- [0 protC'ct the \-~l..lue of the PrGpen Y ;i11J Lender'" nt:hl'" Hi Iht' Prupt.'fl~. Lender.:-- actlon~ may indudt' paying any sums '\ccured by a I:<:n wInch h3\ pn(Hll:- :)\r.:f ~hl" "l'..unt:- In--,trunle'lll. dppearJOg 10 court, paying reasunable 3ttOfllCY-S' fees and entenng PI! the Procerl) lillll:.ike l'~';~,::lr\ .\dh'U~h l ':mk-r rn~l~ Lake J.CtJOB under dus pJ.ragraph 7, Lender J.L~S not ha\ e to do ~(l .\n;. J.jI)OUll!":> dl~bursed by Lender under this paragraph 7 shall t'>CCIJDH.' ;h.h.lJtH.mal debt (,r lhnru\\ c'r ~<:~, -,if<.:d (\:- : ;)j, ;I~~' U'~~l\~ 1\1;~\l~~1~.~~:~~rr~~~il!C~:! ~~\:r~~el~ a;:~ }-:;~~;e~:<~~e~ei(~~~_~~~~r~::~}~-~~'I~;t~:~.~:.~..':; f~:~~\~~~~:~~~,u~'~~~r;\hitl~, rf\~::{ 1 t (i~~':~' '\~ ';', rt'\;;,(!_:'>!ln~ r.I.\ men!