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<br />t. ....IHJK ',-1 COVI" N A, ~ f S Borrower :,nd LI.~nder c(J\/~'n;lnt and aj.!.ret~ <.1" Idinw,,",
<br />1. Payment of Principal and l"tere.,t: I'rCllJlyment Hnd Lute Charges. Borrower shall promptly p<!:- \.\hcn due
<br />[he pnnClpal pf and interest on the debl cvidefll'c'd hy the "iO{C ;lfJ(.1 ,my rn:paymcnf .111d late durgcs due under the ;";otc.
<br />1. Funds for Taxes and Insurance. Sun!!?!."t In arpJil.,.'able law or 10 a wnit~r1 \I,'.:l.l\cr by Lender. Horrower ,hall p:J)
<br />In l.cnda on lht.: day monthly paymcIlt'-. are du:- tinder the NOll", \llJld the NIHC is paId Ul fulT, a sum ("'Fund~") cquai liJ
<br />onc-!wclflh of: (a) yearly {;-tXI..'''' and aso;;e..."rntnh \\'hich may ,Hlain pnorit)' over Ihl>. Security Instrument: (o) yearl1
<br />leac;chold payment\ or grolllld rents Ol1 the Propaty, If any; {I.:) yearly hazard in~urance premiums: and (d) yearly
<br />mortgage ll1,-;urancc pn:mlUnls. if tiny. The"l' !fem" ;lfC called "e';CfOW item",," Lender may estimate the Funds due oil the
<br />b:l'i.is ('if current data and reasonable estlTnatc~ of fut urc t.;scrow items
<br />The Funds shall he held in 3n insti!tltiol1 {he deposits or account, nfwhich are insured or guaranteed oy a federal or
<br />"tatt' agenc} (inc!udipg Lend/:r if Lcnd'~r IS '\uch Z!1 iDS!itu!ic!:). Le!1d~r shaH 3.pp!y the FU!1'!!; to pay the escro..': -:tem~,.
<br />Lender may !iO! charge for holding and applYing Ihe FWHh, <:malYling the account or verifying {he escrow items. unless
<br />Lender ray'" B(lrrn\I,.'er interest on the Fund'i- and applicable law permit", Lender to make \Ouch a charge. Borrower-and
<br />Lender milY agree in wnting that interest s.hali he paid on the Funds. Unless an agreement is made or applicable law
<br />rC'1uires intefc,>t to be paid, I ,crIder shall not D(,' required tn ray Borrower any interest or earnings on the Funds. L~nder
<br />shall give to BOfrtlWer. without charge. an annllal accounting of the Funds sh\")wing credits and debits to the Funds a-nd-the
<br />purpose for which each dchit to the Fund'; \Va.... made, The Funds are pledged as additional security for the .sums-secured hy
<br />this S(~CurHy In,,,trument.
<br />If the amount of the Funds held by Lender, togcthcr'\vilh the fulure monthly payments of Funds payable prior to
<br />the duc dates ()f the c\crnw items. shall exc~'cd the amoullt required to pay the t"Scrnw items when due,. the excess shall be.
<br />at Borrower',; option. either promptly repaid tn Borrower or ncditcd 10 Borrower on monthly payments of Funds, Ifthe
<br />amountl)f the Fundfoi held hy J ,coder is not sullkient to pay t he- escrow items when due. Borrower shall pay to Lender any
<br />amount nec('s~ary!o make ur the deficiency in one or more payments as required by Lender.
<br />LJp\lIl payment in fuli of all <;.um" \lTUred hy Ihi\ SL'curity Instrument, Lcmkr shall promptly refund 10 Borrower-
<br />an) Fund, held by Lender. If under paragraph i C) the Property is sold or acquired by Lender, Lender shall apply, no later
<br />than immediately prior to !he <.;ale of the Pr0pcrty or Its acquiSItIOn by Lender, any Funds held by Lender at the time of
<br />application 3S a erCtilt against the sums ~ccurl'd hy t his Security InstrumclH
<br />3. Application of Payments. Unks\ applicable law provides otherwise. all payments received by Lender under
<br />paragraphs 1 and 2 shall he applied: firs!, to 1:1[('" \..'h;trge" due under rhe NOle; Sf' .'hi. to prepayment charges due under the
<br />Note; third, tn amount" payahle under paragraph 2: f(Flrth, I,) i'1I('fCSt due; and. h~St, to principal due,
<br />4, Charges; L!('n\. Borrower ,')nail P:iY all ta:c's, a~~t. :!cnh, charges. filles and imposition:; attributable to the
<br />Pror,.~rty which may attain prjnrity (hCr thi;, :-ie('unty Instrumem, and leasehold payments or gJ\)ulld rents, jf any,
<br />Borrower ~hall pay Ihest" obligatiofl~ In the manner provided in p;uagraph 2, or ifnot paid in that manner, Borrower shall
<br />ray them on time directly 10 the p~r<;{ln Ilwed ra)-mcnl. Borrower shall promptly furnish to Lender all notlces of-amounts
<br />to be paid LInder Ihi.-.; paragraph. If Borrower inakt."-> (h~e payments directly. Borrower ~hall promptly furnish to Lender
<br />receipt<, evidencing the-: payments.
<br />Borrower shal1 promptly discharge an~ liell which has priority t)n'r thIS Security Instrument unless Borrower: (a)
<br />agrce~ 1!1 \\-Titing tl..' the payment of lhe nbligatinll ';ecurcd by the lien in a manner acceptable to Lender; (b) contesls in good
<br />fai~h the lien by. "r defends against t."nforccmenr dfthe lien in, I~gal proceedings whIch in the Lender's opinion operate to
<br />prevent lhe l'Ofofn..'ment nf lhc lien Of [nrfcllurl' of ;lny P:lft llf the Prnperly; Of (c) :-.ecl.lrcs from the holder of the lien an
<br />agrer..~ment <"atisfactnry 10 Lender suhordinatmg the lien In this Security Instrument. If Lender determines that any pan of
<br />th{'_ Prn[',:ny is suhJect to a lien whICh In..t)' alt~ifl pflorl(Y (1V('[ this Security Instrument. Lender may give Borrower a
<br />nOllce HJelltif\:IIlR the IiclI. Borrower \lull -'au\f\' I he 11\..'11 \ If tak~ one nr llwrc l)f I he act!t1llS set forth aho\'c within 10 days
<br />of thi..'" gi\'UH: ,;f I1~Hlt:e .
<br />5, Hazard lnsurnnc(>. Burrower \hall keep Ih<: rrnpn)\cfIlcnfS IWW t'.\l:-.t:ng nr hereafter c-rected on the Property
<br />insured ag;-llliS\ 1\1~~, hv tire. hazanie; included \\ ithin the term "extended COverage" ;!fIll any other hazards for which Lender
<br />require... (Il\Uranct' 'i"his lil~urance ..;hall he miimt,IIfH:J in the amoLlnts and~for lhe p~nods that Lender requires, The
<br />in\uranCl' ::arner pl{l'.-idin~ Iii,: ill'i-Ul:lIlCC '-.h:ill hI' chn'>i..'n h, H(lf-r\l\\Cl' .:.,uhjecl !p I l.:nd er' " arrr(l\"al which ...h:Il1nol be
<br />unrea:-.nnahly wlthhdd.
<br />.\llin-:--,Uf:wt:"t" p~tliL'It:~ and renewals ..,hall he J\..;-'....pt,l:,dc l~J Lender and ,-h<;]~ il1dude a standard mortgagt.: clause.
<br />Lender "hall have the righ{ to hold the rn!i..:ie~ and ll~rH:,\>'..,d~. If Lender requir6, Borro\','er shaH promptly give to Lender
<br />all receipts 'Jf paid premiums and rcnt'''','a! llO{JL"CS. In Ih!; event elf ju~s, Borrower ,hall give prompt notice to the E1surance
<br />carrier ,HId Lender. Lender may l11ake prc'ul llf In....__ If nor made rrlHnpt!y by Borro""er
<br />l: nic"s. I.xnder and Borrower 01 herwlse agree in v. riling. lfburance pf\Kct'ds ~hajJ he applied 10 restora[ion or repair
<br />ofihe Property (hlllagcd, ifthr..- re.;,loration tlr rCpal1 is economically fta~lbk and L(,l1dcr'~ see-urity is not It.~ssened. Jfthc
<br />restoratlOn m repalf 1\ ntH c\.'(Hwmically fta~lhk (11" Lende(~; :-it:L"UrilY woulJ he k~sefled, the insurance proceeds shall be
<br />applied !o !he "Ulll' sl'i..'ureJ by thi" Scr.:urit!- Irl',[rument. whether nf not then Jue. with any excess paid to Borr<:l\l,.-er. If
<br />Borrower aband"'lh lh(,: Prnpert)-, or doc, nol ~Ul\\\d wlIhm .10 clJy' ,I !w[ice ffClm Lender that the insurance l:arner ha~
<br />offered!n o;,dl:;' ,\, i:ml1, thUI Lt:Ill!.:r 111;.1) [tlne,-'[ lht.' In<,urall\.'c pr-...!\ t'cds. L<..'Ihkr lHa) ll\t" Ihe proceeds to repaif or rc~!ore
<br />the- Property ,)r ill P;I)" "-Ull)'; "'t:, ureu h) Ih;... 'c,.\lril\ IllStrllmnli. \1.helher or lid! tht'1l dUe. The .H)-day penod will oegin
<br />when d;~' nuticc I" 1;1\.C:Il.
<br />Uili', s~ Lr,'ndcr ~1Tld Burrowa Ulh<:f\\ he dg.i"l'I.:!!l WI H!ll~, ,tn~ ,lpplic:llh.lll (If prt'\.'\..'cd':'t {,1 principal s.hal! Il\)lt'\ICllJ PI"
<br />Pl)qp' ,". 'i1" ,'II]!' ,hI;: I,r't~t' '::''-'!1t~~ly ;'~~:,'!:'-':~::'~ :...'!,,':-:.:,,'J!J ::: ;-~:::.:~;~::;-:;c, ! ~l::C = ..-';'" ,-'~::"':::;~ t~c :~:-n('~!r:! :'.,fti:c t':t:.-:n:::,:
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<br />under para~rarh 19 the Pn.'pCr!j :<., ;1(Liulrcd h) j,ch\kr. B,>l'i"iJ\\'Cr', riE'-IH!{l any 1l1....urani..'C Pli!il'IC:,,> and pr!.xl.~ed~ r'--'_'lIlllrl~;
<br />from dali,.If:\.~ In lht: Prupat}- pnor 1(' Ih1:.' acl...j ll!\ll hill :,-h,li1 pa...., 1\' LCIH.kr !11thc c'l[;:nl nftht: <,ull1ssecurcd by !hi" ~ecurilj
<br />in~Ir\ll1\cilI1illflll.'lLlldy !HHlr t\Jlhe acqul~l{!pn
<br />6, Preservation and \taintenanCf of Pr(!IH.:!"t~-: L(.':lM:fwids. B,lrnmer "h;d~ r,,"; dt':-ifO:>. dt:t!1l,lgl' ,-II' <"Uh"'I,lil;lally
<br />I.:hanbl.: tht, Pr,Jpeny, allu\\ lhc Property lu tklt'fiPf,Hr.." "~I ,-'\)!HI1H! W;\~le. If l!l1~ S'-'\.'\I(ll\ In~trum<:Jll 1'- \],1,\ ka"dipJd.
<br />Borrowcrsh..dl comply WIth !h\..' pf\)\'[-'l\\tl\ of!hl' Lw"c, ;UHJ if B(lrr\l~\n acqulrt..... fl't..!!til..' h\ lilt..' Pmpnly. Illt' :C:h~h..l:,j and
<br />fee title ',h,lli IlOlllltl"gc un Ie"., Lcndt:1" ,'1g..rct''' [,1 Ihe I1Il'rt~t'r- ill .,'. fl:lng,
<br />7. Prohxtion {If Lcndu'" nights ill tht.' Prop('J"l}~ .\ion~agt' Insurallt'l', It !i,lJr,".\cr Loh ['_1 t1\.'rf,lrrn :i1c
<br />CO\-t.:Il~Ult~ and ::fft:cnlell;~, ,.'nrltain.l'd in ! hI'. 'W<..- I', 1,: \ 1 1l'!r\l!1l..'1\: , \lr r hUl. 1<, .1 Iq:.\J r'l \l'-l'nhnl~ t h<\l nl.ly '1~llllk<Ulll~ .d:t'l..l
<br />Lelllkr.... fight'-. ill the Prilpl..'ll~ hliCh ;\ !';i,,-C(',-'~\l,~'. l!l bdllk1Lq'k~ j!rdl.ill..', f\'~ ,_.,',;dl':ill;,\ihlil :1] [Ii t'n(,lr...'t' !.l\\ "f
<br />rq;ul,-j['(!]b); Ihelll uitkr fIl::-n eL, ami p;\} ((.' [ '.\-h;l[t'\('i 1'.11(:,_'- -,...,\" l\ll~r"k~.t dlt' \.i)~l( ,.1' Ilit,' hi'[1-:-fi\ ,HId LcnJ('r',
<br />in the Prnpt;rly Lr.'nucr\, .h.l)(lil'- n;,ll, dh:ttH.h :!Jl~ -...UIJI' A'tll't',! !'\ .1 \ :,;\..'11 !J;l-... pr1\'rll.\ \!\Cl illl'" S.;;,
<br />In:-.riull!cnl. h,'pt'![~ l;i llldkL' rc~ .Ii).....
<br />lender Ill.!)
<br />;\ny .1\11( l\1f',l\ dl~b-ur"l'J h)
<br />Secur:I\' Irblrurncnl, l 'nh.:v. B"nd\\Cf ,111.1 I
<br />lh.: dale pi ,ji',rnll',crn, 111 :11 [hi..' ~i'k Ldc
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