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<br />84~
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<br />006021
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<br />Lender pays Borrower interest on the Funds and applicable law penn its Lender to make such a charge. Borrower and
<br />Lender may agree in wriung that Interesl 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 [0 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 security for the sums secured by
<br />thIS Security Instrument,
<br />If th~e amount of the Funds held by Lender, together with the future monthly paYlJ1enrs of Funds payable prior to
<br />the due dates of the e-;';(*iOW items, shall exceed the amount required to pay the ~.,crow items when due. the excec-...s shall be.
<br />at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly 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 nec~sary [0 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 Borrower
<br />any Funds held by Lender. If under paragraph 19 Ihe Property is sold or acquired by Lender, Lender shall apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender althe time of
<br />anniic:arinn ~lS a ctedir a.vains: the "urn... ~t::CUfc;d. by this Security Instrument
<br />.re--i' A~pli~tion'~fp~y;;;~~ts.' U~less applic~ble law'pro~ides oth~rwise, all payments received by Lender under
<br />paragraphs 1 and 2 shall be applied: first, w late charges due under the NOle; second. to prepayment charges due under the
<br />NOle: third, to amounts payable under paragraph 2; fourth, 10 imerest 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 may atlam pnonty 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, Borrower shall
<br />pay them on rime directly to the person owed payment. Borrower shall prompdy furnish to Lender aH notices of 1!mmm-ts
<br />[0 be pUld under this paragraph. If Borrower makes these paymenls directly, Borrower shall promptly furnish to Lender
<br />receipts evidencmg the payments.
<br />Borrower shaH orommlv discharge any lien wh!c:' h~, ",; 'IY ove: this y.;cu"ty Instrument unless Borrower; (a)
<br />agrees m wntmg to the 'payrn'ent of !he obligati(', sc~ured by . ',': ,'.en 10 a manner acceptable to Lender; (b) contests in good
<br />faith the lien by. or defends against enforcement of the lien in, legal proceedings which in Ihe Lender's opinion operate to
<br />prevem the enforcement of the hen or forfeiture of any part of the Propeny; or (c) secures from Ihe holder of Ihe Henan
<br />agreemem satisfactory to Lender subordinatlOg the hen to this Security Instrument. If Lender determines that any part of
<br />the Property IS subject to a lien whtch may attam priority over this Security Inslrumoot, Lender may give Borrower a
<br />notIce IdenllfYlng the lien. Borrower shall sallsfy the lien or take one or more of the actions set forth above within 10 days
<br />of the glvmg ~f n;l1ce '
<br />5, Hazard Insur.mce, Borrower shali keep the improvements now existing or hereafter erecled on the Property
<br />Insured against loss by tire. hazards Included WllhlO the term "extended coverage" and any other hazards for which Lender
<br />requires insurance, ThiS Insurance shall be maIO tamed in the amounts and for the periods that Lender requires, The
<br />Insurance carner prOVldmg the Insurance shall be chosen by Borrower subject to Lender's approval which shall not be
<br />unreasonablv withheld.
<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 pohcles and renewals. If Lender reqUires, Borrower shall promptly give to Lender
<br />all receIpts or p,ud premIums and renewal nOllces, In the event of loss, Borrower shall give prompt 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 In wnlmg, Insurance proceeds shall be applied to restoration or repair
<br />of the Property damagea, If the restoration or repair IS economically feasIble and Lender's securily is not lessened, If the
<br />restorallon or repatr ,s not economically leaSible or Lender's security would be lessened, the insurance proceeds shall be
<br />appiled to the sums secured by th1S Seeun!y Instrument, whether or not then due, with any excess paid to Borrower, If
<br />Borrower abandons the Propeny, or does not answer within 30 days a notice from Lender that the insurance carrier has
<br />"ffered to settle a claIm, then Lender may coHeet the Insurance proceeds, Lender may use the proceeds to repair or restore
<br />the Property ,;r to pay sums secured by thiS Seeunty Instrument. whether or not then due, The JO-day period will begin
<br />when the notice is ~l\'en"
<br />Unless Lender and Borrower \nherw".: agree m wntmg. any applicatIOn of proceeds to pnnclpal shall not exlend or
<br />postpcme the due Jate elf the momhl\ payments referred to III paragraphs 1 and 2 or change the amount of the payments. If
<br />under pa.ragraph I" the Property 's acqUired by Lender, Borrower's nght to any Insurance policies and proceeds resulting
<br />from damage wlhe Property pnor [0 the acqUlslllon shall pass to L~nder to the extent of the sums secured by this Secunty
<br />Instrument Immediately pnor to the acquISIllon.
<br />6. Preservation and :\laintenance of Property; Leaseholds. Borrower shall not destroy, damage or subslantially
<br />change the Propen\', allow the Propertv to delenarate or commit waste. If thIS Securily Instrument IS on a leasehold,
<br />ooffv,","'''::, :;h~n ':G~p::;- ':.,:-':!h !h~ ~n~\flS10nS of the lease. and If Borrower acquires fee tItle to the Property, the leasehold and
<br />fee otie ':thalJ not merge unh:ss Lender agrees. to rhe merger In wfdlflg.
<br />;, Protection of Lender's Rights in tlte Property: :\Iortgage Insurance, If Borrower fads to perform the
<br />(:o\'enants Jnd agrt."ements contamed In !hlS See-urny Instrument. or there IS a legal proceeding that may slgnificantly atfect
<br />Lender's nghts m rh~ PropC:=-f!\ I,such a~ a proc,eedmg In b:lnkruptcy, probate. f()r ..:ondemnauon or to enforce laws or
<br />reguiauons'J. then Lender may do Jnd pay for whatever IS ne-ce~sary to pro[ect the value of the Propeny 3nd Lender's rights
<br />in the Propt"ny Lcnder''5 aCtl.lH1S may melude paymg 3.ny SUITlS secured by ~l. lien ",'hICh has pnonry o\'er thiS SecurIty
<br />Instrument, app;;:anng In (oun. p-aymg reasonable attorneys' fees and enfenng on the Property to make repaIrs, Although
<br />Lender may lake ~Ji..'~!on Und{'f thIs paragraph"", lender does !lot ha"\e tG dG::;o
<br />Any amounts d!~bursed by Lender under this. paragraph! shaH become :.1ddltlonal debt of Borfl..)\Nt'r ~ecured by thl~
<br />Secu.nty Instrument Cn!ess Borr0\l,.er Jnd L~ndef J.gre-e to other terms of payrnC'n!, the')e amUU!H~ 'ihall bear :nte-rest from
<br />::he d.1te .pf Jl')bur~~m~!1t J; the ~O!~ rate .lna shall b-e p;l~:!t)it. \\!th lfllere~!. uP'-'!: oCl-t!ce (rl1n1 Lender t\' B..)rn:,,\\er
<br />reqm."":jtH1g: p;;1'~nH.'n[
<br />If Lender reqUIted mortg.age ln~urance JS J. i..',)naltl0n lH makmg the Inan 'ie-cured by thiS Secun!y instrument.
<br />BOH0wer ",hail ray the premIUms icqUlred to mamtam the msurance In dfect untIl ~llCh time as. the requtrement for {he
<br />lusurance !t:rmw_J.!e,"i m J.c~ofd~nct' wah B()rr~)\"'er'.;. and Lender's written :lgreemenl or appIH.:able la...\"
<br />~. Jnsp<<tlon. Lender or ItS agent rnay make rea')onabie entno upon .:irid m:'ipe~t:on:-; ;)f the Pror~ny T _l~nd~r
<br />...0;3.0 giv~ Borrower fHHKC Jt the l'lm(' of or pnor to J.n lflspet,'tlon ~re(,lfymg reasonabie cause for the Hl'ipet:lwn
<br />9. Condemnation. "1 he pHKeed~ ('If any .:nvard ur datm for da.mages, ,,:hrect or ~~on-;.equenU~ti. H1 connectlon \"'tti1
<br />any ,..:ondemnaU(IH ,_'f t)ther Likmg of any pan (.r the Property, Dr for ~:nn\-'~\-3.ncr: lfl l1eu .._\f <.'lmdernnutH_\t\. ;In: her~by
<br />as~~gnt'd Mid \.naH ~ pilhJ to ,Lt.~ndct
<br />In th,:: ~':Yen~ <it i! i';"lIai ,akmg 01 ~~~{" Pfope-n~- [he t_~'r;}~.:t:("'{h. ..,h",:tli ~ arl"het1 [<1 \he ...um'S \-t"cured (;\' dll'.; SC\:~lnt\
<br />lo\trmncnc '...-h~tht'f Uf nnt th~!l due. \,A.!th any e-'iC~'\~ r~ml to Bo.f'ro'","'er in ihe tve-m .;':_l( ,t parual :at..m~ tl( the Proren\-,
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