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<br />84 - 005~W3
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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 writing that interest shall be paid on Ihe 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 accounling of the Funds showing credils and debits to the Funds and the
<br />purpose for which each dehit to Ih- Funds was made. The Funds are pledged as additional security for the sums secured by
<br />this Securitv InstrumenJ,
<br />If the amount of the Funds held by Lender, together with the. future monthly payt;nents of Funds payable prior to
<br />Ihe due dates of the escrow items, shall exceed the amount required to pay the escrow ilems when due, the excess shall be,
<br />at Borrower's option, either promptly repaid to Borrower or crediled to Borrower on mOnlhly 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 necessary to make up the deficiency in one or more payments as required by Lender,
<br />Uf.o.. paymenl in full of all sums secured by this Security 'Instrument, Lender shall promptly refund to Borrower
<br />any Funds held by Lender. If under paragraph 19 Ihe Property is sold or acquired hy Lender, Lender shall apply, flQ later
<br />than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by Lenderanhe time of
<br />application as a credit against the sums secured by this Security InstrumenJ,
<br />3. A~pHcatim~ of P2yments~ Unless applicable law provides other.;.,~, aU p~yments re-~ived by Un~'under
<br />paragraphs 1 and 2 shall be applied: first, to lale charges due under the Note; second. 10 prepayment charges due under the
<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 alllaxes, assessments, charges, fines anti impositions attributable to the
<br />Property which may attam priorily over this Security Instrument, and leasehold payments or ground rents, if any.
<br />Borrower shall pay these obligalions in the manner provided in paragraph 2, or if not paid in that manner, Borrower shall
<br />pay them on time directly to the person owed payment, Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish to Lender
<br />receipts e\'idencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over Ihis Security Instrument unless Borrower: (a)
<br />agrees Iii Writing to the payment of the ob-iiga[ion secured by the lien in a manner acceptabie to Lender;fo) contests-m-:good
<br />fauh the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any part of the Property; or (c) secures from the holder of the lien an
<br />agreement salisfactory to Lender subordinating the lien to this Security Instrument, If Lender determines that any part of
<br />the Property. is subJe<:1 to a lien which may attam Priority over i~;S Security Instru~ent, Lender may give ~rrower a
<br />notIce IdentlrYlng the IH:n. B-(}rrower shall satisfy the be';} or t?-ke C 0i more of th".. ~ctli:ms set forth ~b;IJve wntnn 10 dil.J-s.
<br />of the gIVing of notice,
<br />5, Hazard Insurance. Borrower shail keep Ihe Implovements now existing or hereafter erected on the Property
<br />Insured agamst loss by tire, hazards mcluded wuhin the term "extended coverage" and any other hazards for which Lender
<br />reqUIres insurance. TIlls Insurance shall be mamtamed m the amollnts and for the periods Ihat Lender requires. The
<br />msurance carner provldmg the ,"surance shall be chosen by Borrower subject to Lender's approval which shall no! be
<br />unreasonably wUhheid,
<br />All Insurance poliCIes and renewals shall be acceptable to Lender and shall include a standard mortgage clause,
<br />Lender shall have the nght to hold the poliCI<:5 and renewals, If Lender requires, Borrower shall promptly give to Lender
<br />all receipts of paid premiums and renewal nOtIces- In the event of loss, Borrower shaH give prompt notice to the !n'S!!!'ance
<br />C--3rr1tcf and Lender L~ndt"r m~\; mak:P nri){)f~lflo...., ifntlt mtld... nf'C\mnrlv hv R.l.j"i"OW",;;l;T
<br />. - u Unl~;Le~der a;d&;;;o~;;:.;lrh~~I~;;;~ ;~-;':;';;l~g:';;~~;;;;c; ~;O:;~~~hall be applied to resloration or repair
<br />of the Property damaged. ,f the resloration or repair IS economically feasIble and Lender's security is not lessened. If the
<br />resloratlon or repair !S nO! economICally feasible or Lender's security would be lessened, the insurance proceeds shall be
<br />applied 10 the sums secured by thIS Secunty Instrument, whether or not then due, willt any excess paid to Borrower, If
<br />Borrower abandons the Property, or does not answer Within 30 days a notice from Lender that the insurance carrier has
<br />offered to settle a dalln, then lender may collect the in;.urance proceeds. Lender may use Ihe proceeds 10 repair or restore
<br />the Propeny ,It 10 pay sums secured by th,;. Secunty Instrument, whether or not then due, The 30-day period will begin
<br />when the notIce!s gl\en.
<br />Unl~ lender cllld Bvrro....er olherwlse agree III wntlng, any api,licauon of proceeds to principal shall not extend or
<br />postpone the due dale "f the monthly payments referred to 10 paragraphs I and 2 or change the amount of the paymtnls, If
<br />under paragraph loj the Property IS acqUired by Lender, Borrower's nght to any Insurance policies and proceeds resulling
<br />from damage 10 the Property prior to the acquIsItion shall pass to Lender 1<) the e",cnt of the sums secured by Ihis SecurilY
<br />Instrument ImmedIately prior 10 the acquisition,
<br />6. Preservation and Maintenance of Property; Leaseholds. Borrower shall not dest roy. damage or substantially
<br />change the Property, .lIo.... the Property to deteriorate "I' commit waste, If thiS Secunty Instrument IS on a leasehold,
<br />Borro....er shall <'om ply with the prcWlSlons 0f the lease, and If Borrower acquires fee title to the Property, the leasehold and
<br />fee iirle shaH nOt meree imles..,... t_~ctH.ieI" ~IH:"~ in tht'" mrn:rrr In "','r1ilnD
<br />i. Protectio; of L<lnde~'~. RiKh~ .in' th~- P;~P;~t;; ~i~;;~~ge Insurance. If Borrower fatls to perform the
<br />covenants and .gr<ements contained 10 thiS Secunty Instrument, or there IS. legal proceeding that may Significantly affect
<br />Lender's fights 10 the ProperlY lsuch as a proceedmg in bankruptcy, probate, for condemnauon or to enforce laws or
<br />reguiat10nsl, then lender may do .nd pay for whatever is necessary [0 protect the ,alue of Ihe Property and Lender's rights
<br />In the Property_ Lender\ aC!HH).. may lodude raYing ,Hl~ ,-um'" "'~cllPtd by :! !!e!: ~hh.:,h h'l~ rr!{.'-f!!Y t"\,-er [his S.~.:urity
<br />Instrument, ..:lppeanng In l20un, paymg reasonable 3ttvrnC)s' fees and entenng l)n the Prorcrt~ to make repairs, Ahhough
<br />L~nd~r ma~ t.1Ke ':h.:tlon under thl.S paragraph -:" Lender doe~ nor h3.\e tv du S;J
<br />An~ amounts disbursed by lender under thl;. paragraph 7 ,hall become .d,llllc'nal debt of Borrower secured by thiS
<br />Secunt) lnstHul1cnt. Unless Borrower and l t.'nder ...lgree to <Hhe-r terms ;.)( r~l~ mel1t, these ~imount:-. shaH bear Interest from
<br />the -Jate ,-,( dls.bur~emem :l( the ~1..1te fJ.iI: ..md shail be payable. wHh lnter{'<;.t. UPt\11 notl(...: from Lender to Borr\}Vd~':r
<br />requesting pd.; !Hem
<br />If lender requll"ed mortgage :nsurance 3S . cundll!l," "t making tne lOan secured by thiS Security Instrument,
<br />Borro"er ,hall pa~ lhe premIum, reqUired \(' main lain the insurance III elfect until such time as the reqUirement for the
<br />!n~ur!!!!-:.:t !"':nl'!1:~~~~:'.: ~~ ~ct:!1!d~=~i..'!~ ~!th Bf'E(H.....e('" d!~.j Le-!H.i~f\ wn!!~n ~gre~m'.~\t '...;f J.pphcab!e b\\
<br />8, In,spectlon, Lender,)I ilS a~ent ma~ make reasonable cnlfle> upon and InSpe"tlcHI> "f rhe Property Lender
<br />"h-ilil gl\e Borro\\"er notlct al: the time: lJf or rn~.)r It) 30 ms.pe\.:tlon sp<clfymg reasonable cau.se fl..)r [he insp~tlon.
<br />9. (:nnoemnatlQn. The pr'i..xC't"us. of an~ award or daUB for damages. dlfc.:t f'r 1....~'n~quenllaL In "':0nne~t10n WHh
<br />an) ~ondC'tnnaU\..'Hl :.H dthcf talmg ()f ~i.n~ part df the Propen~, \).i for Clm\'cyan~'t' In lieu ._~f ('()ndemnatH,Hl. .He herC'b~
<br />;t..;.~!gned ;UHJ ~h.i;\i! be pah.1 to Lender
<br />In th~ (..rnr d~:1 \"l{,Jll.Jk.Hlg ;,)f the Prupcnv, :he f'J(x..:reJ~ ,hall i:'e .:\pplied It,) tht.' ...um~ \C'o.:ufed b~ thh Sn:ur\ty
<br />In~tn.u::cnl.. \.lohC"th<r ~'r n~)t tflr,'.n \h,l.e; WHO .H1)' ~.\\.'\":."jr..<;' Pd_!\J to H-orrowt'f _ I.q :ht' c~~~nt ..,f a .parthil ta~U1,~ "\lf~~le _P,r~'~~;'~\..
<br />\J-,Ues..\ :tc)n~~\.IooCl J.nu.. t.l~n0.r.:r ;~{t\C'n'\q~e rlKJee 111 "vnlmg. lilt" \..HTh "'C-"Ufe:;J i"1} thb ;,.cCllfHY In~UUI1H,'il\ "H~ll \"(' 1'~UU\.,CU \"
<br />I_he .HU...UW d' ~ht" pj\_~c-e-;.;') :ril.dtit1hed hy dlC fdU0\4-1n~ ir~i::.,:ti\,n i ..t.' i"he (,)t.li .Hii\1ulH ": the- ...um~ :-t~(urcd ;nHI1('"thLHd~
<br />~il-__lft: (h~ :-",k,!fl,.g, dl'.-tiie-tt h~ ,!'<J the- :-.\U fn~l~ct \.!~lle "t lh~ Prop-o:n,) itHiT,t',Ljrdy !"{:h1n.' :ht" Ul.:.m~ \1\\ hHbn...e ",hail t't.'
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