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<br />84- 005126
<br />Lender pays Borrower interest on the Funds and applicable law permils Lender to make such a charge, Borrower and
<br />Lender may agree in writing thai interest shall be paid on the Funds, Unless an agreement is made or applicable law
<br />requires inlerest to be paid, lender shall not be required 10 pay Borrower any interest or earnings on the Funds, Lender
<br />shall give (0 borrower, without charge, an annual accounting ufthe 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 security for the sums secured by
<br />this Securitv Instrument,
<br />lithe amount of the Funds held by Lender, together with the future monthly pa}1tlents of Funch payaolepriorto
<br />the due dales of the escrow items, shall exceed Ihe amount required to pay the escrow items when due, the exec-oS shall be,
<br />al Borrower's option. either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds, If the
<br />amoun! of the Funds held by Lender is not sufficient to pay the escrow items when due, Borrower shall pay to Lend~any
<br />amounl nec~sary 10 make up the deficiency in one or more payments as required by Lender,
<br />Upon payment in full of all sums secured by this Security'Instrument, Lender shall promptly refund to Borr6wer
<br />any Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender, Under shall apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender atthe time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />3, Application of Payments, Unless applicable law provides otherwise, all payments received bY.UnderUIlder
<br />paragraphs I and 2 shall be applied: first, to late charges due under the Note; second, to prepayment charges due under tile
<br />Note; third, to amounts payable under paragraph 2; fourth, 10 interest due; and last, to principal due,
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges. fines and impositions attributable to the
<br />Property which m.ay aUain priOrity over this Security Instrumen(~ and Jera.sehold payments 'OJ ground rents.; if any.
<br />Borrower shall pay these obligallor.s in tile manner provided in paragraph 2, or if not paid in that manner, Borrower shall
<br />pay them on tim.e dIrectly to the r.cr50n owed payment- Borrower shall promptly furnish to Lender all notices of amounts:
<br />to be paId under this paragraph, If Borrower makes Ihese payments directly, Borrower shall promptly furnish to Lender
<br />receIpts evidencmg the paymems.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrpwer:,(a)
<br />agrees III wnling to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good
<br />faah the lien by. or defends agaInst enforcement of the lien in, legal proceedings which in the Lender's opinion opet'ateto
<br />prevent the enforcemem of the lien or forfeiture of any part of Ihe Property; or (c) secures from the holder of the lien an
<br />agr~ment satisfactory to Lender subordinating the lien to Ihis Security lnstrumem, [I' Lender determines that any part of
<br />the Property IS subject to a lien which may altain priority over thIS Security Instrument. Lender may give Borrower a
<br />notice idcOiifYli1g thi; liw, Bor,o"lI\-er shaH sarisfy rhi: lkn (if tukc ent:'. """.1orc of the act:ons set forth :lbove wit.J,in 10 cbys
<br />oftne glvmg of notice.
<br />S, Hazard Insurance, Borrower shall k~ep the impro' , .'ents now e"isting or hereafter erected on the Property
<br />insured agamst loss by fire, hazards included wnhm the term "extended coverage" and any other hazards for which Lender
<br />reqUires Insurance, ThIS Insurance shall be main tamed in the amounts and for the periods that Lender requires, The
<br />IlIsurance carner proVIding the Insurance shall be chosen by Borrower subject to Lender's approval which shall not be
<br />unrO'.tsonablv wllhhe1d,
<br />All I~surance poliCIes and renewals shall be acceptable to lender and shall include a standard mortgag~ clause,
<br />lender shall have the nght to hold the pohcles and renewals. [I' Lender requires, Borrower shall promptly give to Lender
<br />aU receIpts of paId premiums and renewai nonces. in the event of ioss. Borrower shaH give pfompt notice to the insurance
<br />carner and Lender lender may make proof of loss If not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree m wnting. msurance prlxeeds shall be applied to restoration or repair
<br />of the ProperlY damaged, If the restoralton or repa.r IS economically feasIble and Lender's security is not lessened, [f the
<br />restoralton or repall IS not economIcally feas.ble or lender's secunly would be lessened, the insurance proceeds shall be
<br />~pp:irii i0 ihe surns ~Ciir~ct by ;:;HS Si:Cilr1:y :~5tr-um'::ut. i,;d:i..::t~c; Oi ;lot ~hen due. wi:h ~::y .:x;:;:e"~ y:lid to BerrO"Ner. !f
<br />Borrower abandons the Properly, or does not answer within 30 days a nOl1ce from Lender that the insurance carrier has
<br />offered to settle a c1am1, then lender may collect the Insurance proceeds. Lender may use the proceeds to repair or restore
<br />the ProperlY or to pay ,urns se.:ured by liltS Securtty Instrument, whether or not then due. The 30-day period will begin
<br />when the nOH("e IS- i!:l\en.
<br />Unless Lender ,llId Borrower <ltherWlSe agree In writing, Jny applicauon of proceeds to pnncipal shall not extend or
<br />poslpone the due dale of the monthly payments referred to In paragraphs 1 and 2 or change the amount of the payments, If
<br />under paragraph 1 Cl the ProperlV IS acqulled by Lender. Borrower's nght to any :nsurance poliCIes and proceeds resulting
<br />from damage 10 the Pmperly pnclr to the acqulsl!lon shall pass to lender to the e'tent of the sums secured by thIS Security
<br />Instrumenl imm<<hately pnor to the a~qulsi[ton.
<br />6. Pr~~:-~::.tiun ~nd \1~int~~'1c~ of Preperty; Le~he!ds. Berrower ~h~!l no! destroy. dum age or 5ubs!ant!aHy
<br />change the rr,'penv, allow the Property to delenorate or commu waste. If thIS Security Instrument IS on a leasehold,
<br />Borrower shail compi~ with the prOVISIons of the lease, and If Borrower acquIres fee tule to the Propeny, the leasehold and
<br />fee !Itle shall nO! merge uniess lender agrees 10 the merger m wnlmg.
<br />7, Protection or Lende,', RigDIS in the Property; \iortgage insurance. If Borrower fads to perform the
<br />covenants and agreements con lamed In Ihis Secunty Instrument. l)f there IS a legal proceeding that may SIgnificantly affect
<br />Lender', nghts m the Properry (,uch as a prcx<:edmg m bankruptcy, probate, for condemnatIon or [(l enforce laws or
<br />regula!lon,), then lender may do and pay for whatever IS necessary to protect Ihe value <'f the Property and Lender', nghts
<br />In the Propeny Lenuer's a(ilOn~ may mduuc paymg any sUJn~ sCl:ureu by a iJt:ll \l,.fw':l1 ha~ pt'lU[li~ l)\C'l ihl~ SC'~unt~
<br />Instrumcn1. Jppeanng In ....('!urt. raymg reasonable attorneys' fc6 and entenng ,,-1n [he Property hJ make repaIrs. Although
<br />Lender maj take Jctll'n under thIS p;lcagraph -. Lender does not ha\'e to do '-'0
<br />Any ,HTiOUlits diSbufS~d by Lender under thi.s paragraph "7 shall becorne J.JJltIooai debt of Born)\\-t~r ~e~"..ured by thlS
<br />muney lnstrumt'nr. Fniess Borrower and L~nder agree to olher terms ..if ra) m~nt. these amnums ~h~dl b~;]r IIlrere~a fr~lm
<br />rh~ date .('If dlS-huf",emcnt at the- ~o[e fate and shaH be p3YJ.bie. WHh In!cf61. up'-.'f1 m)tIce fnlm L~nder to BOITo\\l;.'[
<br />re-questtn~ payment
<br />If L(""nder reqUIred mortgage msurance ..lS a ~ondHlon \'t making the loan )ecun:d hy thiS Se-cunty Inslrumen[,
<br />i~JrrOWef \haii pay t"he- prern1Ums reqUired to mamtam the ms,urar:ct' In l."tTe-ct unllt such omc as. the reqUirement f()f the
<br />ms,uran"e !t:rnHlUHe.s,:~ :1,\:r.;ordance wnn R{)rrower\, Jnd. Lc:w.icr\ wntkn i.lglt"~nu:nt ~)I Jpplil.-.Jbk ~aw,
<br />8~ hi~t~"iL Lt'ndcr Of li.:; agcHl m~) rm.tkc rea:sonable entnn upon and lU~pe\.:tlLllb 1)[ ihe f'ri)pcrty LcnJ(;f
<br />~haH give BQrf'o'.\ier n\)t!c(' at fhe Hme tlf Of pnor to an inspectIon SpectfYlOg reas-\.lnable caUSe for the mspo:tmo
<br />9. Condemnation. The proceeds vf any a~ard or d:lIm fGr d:.tmages, d:r<<"t or ((lf1Scquenll:.tl. in !..\mne\'lIon "",(II
<br />any (node-Inflation {\r olh-e1' rakJn~ of anj' pan ('If the- PropenYl or f()f ~Of)l;e~anCe In !leu ,-'If condemnaIH.m. .ue hen:-I,'Y
<br />;l......Mgn<:d and ,naH ~ paul '0 i ender
<br />In tht' t~ent of ~'l tt1-tall.1kmg l.)f the Prnperty, :he proceeds ~hdil ~ appl1ed h~ th~ ...t1m~ ~e~urt'd b~ [hl~ Sa'urlt\
<br />tfl:~trum~H. whe'!h-er of not then due. ""nil .in'?: 'f,'v..-es.~ D~u\.i [0 Bonuwt"f In the c"t:tH ,,~;f j p..irt~al t.i.kini \"f the Pr,;,pl.'r!\
<br />unlC"i.~ Bon-ower ,UHJ L~nd.er 1>lh~r~lst jlgfet: I~ '" riling', the 'llH11'j :ie-cured by tfUS S~UtHY l~lstrunH~lH "oil.iii r.e redDced h
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<br />t"'(f.:He th-f 1~i.m,S, d~qd.;:d ~'V \,~~ the (.aa fn.;.ir~::'
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<br />ffi.{.dr1)O. \.:t; the LJ!-J! :unf'Uf'H ;~! the ...um.,,> ".et:u!t-J !rHm't'"di~!h'j"
<br />~he- Prn~.ny j~nmt~d!~!e-!v b>t.'fere- lh{;' Llklng \n\ hJb;\~:t' "h.:\il
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