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<br />84- 004801
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<br />Lender pays Borrower Interest on the Funds and applicable law permits Lender 10 make such a charge, Borrower and
<br />Lender may agree In wnting that Interest shall be paid on the Funds, 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 earnings on the Funds. Lender
<br />shall gIve to Borrower, without charge. an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each dehit to the Funds was made, The Funds are pledged as additional seeurity for thl" suinS securedhy
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly payrpems of Funds payableprlor 10
<br />the due dates of the escrow items, shall exceed Ihe amount required to pay the escrow items when due. the ellcesssllallbe,
<br />at Borrower's oplion, eilher promptly repaId to Borrower or credited to Borrower on monthly payments OfFunds,fftne
<br />amount of the Funds held by Lender is not sufficient 10 pay the escrow items when due,Borrowershldlpayto~tatty
<br />amount nec~sary to make up the deficiency In one or more payments as requir~by Lender, ~
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptlli refundt(}~wer
<br />any Funds held by Lender. If under paragraph 19 Ihe Property is sold or acquired by Lender, LendershaHapp!Y, nolater
<br />than Immediately prior to the sale of the Property or its acquisition by Lender, any Funds h~Jd byL.."ndet"atthe time of
<br />application as a credil againslthe sums secured by this Security Instrument.
<br />3, Application of Payments. Unless applicable law provides otllerwise, all payments received by Lem:!erll!!der
<br />paragraphs I and 2 shall be applied: first, to late charges due under the Note; second. to prepayment charges dueundertlte
<br />Note; third. to amounts payable under paragraph 2; fourth, to interest due; and last, to principal due.
<br />4, Charges; Liens. Borrower shall pay all taxes, assessments. charges, fines and impositions attributable IPthe
<br />Property which may altain priorilY over this Security Instrument, and leasehold payments or ground rents, if any:
<br />Borrower shall pay these obligations in the manner provided in paragraph 2. or if not paid in that manner,Bcrrowln'sl;Ia!l
<br />pay them on lime directly to the person owed payment. Borrower shall promptly furnish 10 Lender all notices of amounts
<br />to be paId under this paragraph. If Borrower makes these payments directly, Borrower shall promptly fumish to Lender'"
<br />recetpts eVldencrng the payments,
<br />Borrower shail promptly discharge any lien which has priority over this Security InsttUment unless Borrower: (a)
<br />agrees rn wnting to the payment of the obligallon secured by the lien in a manner acceptable to Lender; (b)eontestsin good
<br />faIth the lien by. or defends agarnst enforcement of the lien in. legal prOf '(fings which in the Lender's opinion' operate to
<br />prevent the enforcement of the lien or forfeiture of any part of ~ll~ hOJ:',,,j: or (<,)';' '1lres from the holder of the lien 'an
<br />agreement satlSfaclOry to Lender subordinat;ng the !j~n to thi~ $" ,:IY instrument, [I' Lender determines that anYpllTt,of
<br />the Property IS subject to a lien whIch may altain pnority over this Security Instrument, Lender may gi\o'e Borrower a
<br />nOllce .dentlfylng the lien. Borrower shall S3l!sfy the lien or take one or more of the actions set forth above within 10 Qa}'S
<br />of the gIving of notice,
<br />5. Hazard Insul'3l1ce. Borrower shall keep Ihe improvements now existing or hereafter erected on the Property
<br />Insured agamst ioss by fire. hazards mcluded wUhlJllhe t~rm "extended coverage" and any other hazards for whichLender~
<br />requires insurance. Th" ll1surance shaH he mallllalDea m the amounts and for the periods that Lender requires. The
<br />msurance camer provldmg the Insurance shall be chosen by Borrower subject to Lender's approval wbich shall not be
<br />unreasonably wlthhe1d.
<br />All Insurance pohcles and renewals shall be acceptable 10 Lender and shall include a standard mortgage clause,
<br />Lender shall have the nght 10 hold the policu~s and renewals, If Lender requires. Borrower shajl promptly give to Lender
<br />all receIpts of paId premIums and renewal notices. In the event of loss. Borrower shall gJve prompt notice 10 the insurance
<br />carner and Lender. Lender may make proof of loss If not made promptly by Borrower,
<br />U niess I .ender and Borrower O[herw.~ agree on wnting. insurance proceeds shall be applied to restoration or repair
<br />oflhe Property damaged. If the (estoratlon or (epalr IS economH:ally feasible and Lender's security is not lessened, Tflhe
<br />(eslOratlOn or repair" not economIcally 1e-.l.Slble or Lender's SCCUnly would be lessened, the insurance proceeds shall be
<br />applied 10 Ille ,urns secured by thIS Security instrument, whether or nO! then due, wllh any excess paid to Bcrrower. If
<br />Borrower abandons the Property, or does not answer wlthm 30 days a notlce from Lender thatlhe msurance carrier has
<br />offered to settle a datm. then Lender may coHee I the Insurance pn>ceeas, Lender may use the proceeds to repair or restore
<br />Ihe Property or to pay sums secured by thIS Secunty InstnJmem, whether or nOllhen due. The 3O-day period will begin
<br />when the notice 1:\ given.
<br />Unless LenGer ~!1d Borrown otherWISe agree," wntlng. any appltcauon of proceeds to principal shall not exlend or
<br />postpone the due date of the mGnthl, payments referred to ,n paragraphs I and 2 or ,hange Ihe amount of the payments, If
<br />under "",ragraph I Q the Propeny IS acqUIred by Lender, Borrowers nght to any Insurance policies and proceeds resultmg
<br />from damage to the Property pno( to lhe acquISItIon shalt pass I() Lender to the e'tent of the sums secured by thJS Security
<br />Instrument Immediately prior 10 the a,qUlsltlon.
<br />6. Preso:rvalion and Mainlenanee of Propeny; Luseholds. Borrower shaJJ not destroy, damage or substantially
<br />change ihe F'ropeny, aHow the ProperlY [0 deteriorate or '..'omrl1n waste, if this Secunty instrument is on a leasehold.
<br />Borrower shall comply wllh the pro.lswn.s of the lease. and If Borrower acqulles lee Btie to the Property, the leasehold and
<br />fee mle shall not merge unless Lender :tgrees to the merger In wrmng.
<br />7. Prolection of Lender's Rigbts in the Property; \lortgage Insurance. If Borrower fails to perform the
<br />covenants and agreements con tamed in thiS SeL:unry Instrument. .)f there IS a legaj proceedmg that may \Ignificantly affect
<br />Lender>s fights m the PrC'pertj' (such .:is 3. rroce~dmg In bankruptcy, probate. for condemnatIOn or to enforce laws ()f
<br />(egulatlOns). rhen Lender may do and pay for whaiever IS ne~essary to prolect the value of tile Property and Lender's nghts
<br />In the Pro}.'1er1Y, Lender's :lcttons may :ndude paymg any 'Sums ~eclJred by :1 lien \\ tllch has pnoruy l~""-~r thIS S~curHY
<br />Instrument. .lppeanng 1ft court, paymg rea~()nabic 3ttorneys' fe-C$ .and enlenng on [he ProperlJ 10 make repaIrs, Although
<br />Lender may take ~lctlOn under rhl!\. paragraph -;, Lender d~s not have h) do so.
<br />Any amounts. (hsbur:sed by Lender under IhlS paragraph 7 shall bet:onl~ Jdd!tlunai debt uf Horrower ..,ccufed hy [hl~
<br />Set.:unty In~trumenL Cnle~.s Borrower and LenJer agree to other terrn~ of pa~rn~nL rhese amounts "hail bear mferesr frCim
<br />the dale of dIsbursement at the ~ote rate Jnu s.h.~U be payabic:~ wnh In(c[t'SL U;:-H.'" rll)llt.'~ from Lend~r 1\) B,lrrU\-\cr
<br />n:questmg payment.
<br />if Lendtr reqUIred mortgage msurance as a condll!on ot mak.mg l:t1e Ivan secured hy thiS Secufny in;<HrumenL
<br />Borro\lter shaH pa) !he premlUll1S requlfed to mamtam Ihe lOsurance m .dfe~t until 'Such tIme as the requirement for the
<br />ms-.u.ran..:::.t tcrnum.uo m aC4;ordance with BOffower\ and Lender's wptte'n agreemenf or dpph'JbJe law,
<br />S, lll$pCCtloo. Lender or ItS "gent mllY make reascnabie enln", "pon and "'spe'tlon' ,)1' the Property lA~nder
<br />,hall gIve Bormw~r nOllce at the mne of or pnor (0 afllflspectWn sp<:clfymg rC"dSonabie GillSe for the inspection
<br />9~ Coadem:nation. rhe proceeds of any award or daHn for damages, jtre~l ur (onsequentJa1. m \~0nnC'",:.{Tt)n ",11th
<br />any ';::f)u.demnalu.lfi .Of ,)'the.r talun! of an)' pan of the Property. or for \.~()n""eyan~e In heu ('( ,:cmdemnatlon, are hereby
<br />a~~'gned ..nd ,hal.! ho: ,,aId to Lend.r
<br />In ~he nent Hf i"i ~()1-al takmg \,.J:f the PrO-peny, th<: pn:x.:.eed.s ..1''HlH he apphed h: the "tun~ 'j({,'ured by thl"S S\"\.:unly
<br />In~tn.ltl1C'nt, wh-cth~:r l)f nOl then due, wlth any e-xcC's,.", paJ.d to fk)(Tower, In the t"ven.t ,_)f a pan 13.1 U.K-lUg I..,r( the Pror,,<~ny.
<br />uni~, u.on;,')Wftf ~H1J L-endtr (>\Mfwbe iYgree in wntlng. {he sum~ ~ec-urt'{i b~ ttUf. SecUrIty In.'\trumcnt .,huH b<t rl!.~thh..'cd i.~',.'
<br />ttl~ .:lJllQ:lJ.nt ,;:)f the rf(X~:'\ n:'H.JhJph~d by th-e (qiltHIJ.WI fracHon: i,a.) the ~()t3.i J.1Ywunl: i',f the ",um~ ~..:ured trnrnetJl;ih,"h
<br />r~fO.t"t th\\!:, UkH)g. .J~""idal 'f-:", tb) : h,e faa HHU~t:t Vahle {A' the P-rr1f.'W:~ny l!lHf!e-dHHtly he{,)f(' th~ lakwg <\nv hatan(.;; ..,fWll t"t:
<br />f)itlk-1 1>~'J &:nt..r"'t:~
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