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Home My WebLink About0917 t'~iF~?RHC~?~F~~~I~ N.~rruwr~~ndLrndrr~~?~cnantan~iagrrc~tfc~ll~~w~ 1. P~ytnent of Prieciptl and laterest; Prepayment snd l.ate C'Auges. &ur~~v?rr >hall pmmpth ~ hen .iur thc pnn~iral ~~f and ~nie~est on the d~bt tv~dcncrd by the Nute and an~ prcpa~mrnt and latr ~hergc, duc widrr ihr tic,tr 2. Punds for TaYa and Insunnce. Sub~ea;t to appl~cable law u; ~u a wntten vraner b~ l.endrr, &~rruv?r~,hall tc~ t.ender on the day monthly payments are due under ~he Note, until thr Notr pa~d ~n full, a,um 1"f=undti"1 ryual tu une•twrlRh uf: (a) yearly taxes and assessmGnts wh~ch may attain pnonty aver th~s Sc~unt~~ Instrumrnt; (b) ~rarl} lea~ehald ~?ayments or ground rents on the Propeny, ~f any; (c? y~earl~• hazard ~mursnce prem~um,; snd (dl yearl~ mortgage insurance prem~ums, if any. Thc~e itemti are. called "esrn~v? ~temti." Lender may rslim3~e the Fund~ due c~n ~ hr ba~~s o(current data and reasonable estimates of tuwre escrow itemt. The Fuads shall be held in an institution the deposits or accounh of w~h~ch arr ~ntiureci or guarantred b~ a fecieral c~r state agenry (including Lender if Lender is such an institution). Lender shall apply the Fundt tu pa} the ekrow items. Lrnder may not charge for hold~ng and applying the Funds, analyzing the account or verif~~ing the c~ row items, unles~ Lender pays Borrower interest on the Funds and applicable law petmits Lender to make ~uch a charge. Horrow•er and Lender may agree in w•riting that interest shall be paid on the Funds. Unless an agreement ~ti made or applirable law reyuires interest to be pa~d, Lender shall not be required to pay &~rrov~er any ~nterc~t or earningti on the Funds. Lender ,hall give to Borrower, without charge, an annual accounting of the Funds showing credits and debitt to the Funds and the purpose for which each debit to the Funds wa1 made. The Funds are pledged as additional secunt}~ for the sums secured by this Security Instrument. If the amount of ihe Funds heid by Lender, together with the future monthly pa~ments of Funds pa~~able prior tu the due dates of the escrow items, shall exceed the amount required to pa~• the escrow• items w~hen due, the excess shall be. at Borrower's option, either prompt!y repaid to Borrower or credited to Borrower on monthl}• payments of Funds. If the amount of the Funds held by Lender is not sufficien~ to pay the escrow items when due, Borrower shall pa~~ to l.ender an}~ amount necessary to make up the deficiency in one or more payments as required b~• Lender. Upon payment in full of all sums secured by this Security [nstrument, Lender shall promptly refund to ~rrow~er any Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender, Lrnder shall apply, no later than immediatel~• prior to the sale of the Propeny or its acquisition by Lender, an~• Funds held b~~ Lender at the time of appliration as a credit agasnst the s~ms see:ured by this Security Instrument_ 3. Applieation of Payments. Unless applicable !aw provides otherwise, all payment~ received b}• Lender under paragr3phs 1 and 2 shall be applied: first, to late r_harges due under the Note; second, to prepayment charges due under the '`ote; third, to amounts payable ~nder paragraph 2; fourth, to interest due; and last, to principal due. 4. Charges; Liens. Borrower shali pay all taxes, assessments, charges, fines and impc?sitions attributable to the Yro~rty vrhich may attain priority over this Security Instrument, and leasehold pa}•ments or ground rents, if any. E3orrower shall pay these obligations in the manrer provided in paragraph 2, or if not paid in that mar.ner, Borrower shall pay them on time directly to the person ow~ed payment. Borraw~er shall promptly furnish to Lender all notices of amounts to be paid under this paragraph. If Borrower makes these pa~•ments directl~~, Borrower shall promptly furnish ro Lender ~ receipts evidencing the payments. ~ Borrower shall promptly discharge any lien which has priority over this Security~ Instrument unless Borrower: (a) ~ :igrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, (b) contests in gcx~d taith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to ~re~ent the enforcement of the lien or forfeiture ~f any part of the Property; or (c) secures from the holder of the lien an ! agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that an~• part of f the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a ~ notic~ identifying the lien. &~rrower snall satisfp the lien or take one ar more of the actions set for~h above within 10 da~s ~ of tne giving of notice. i 5. Hazard Insurance. Borrower shall keep the improvements nc>w~ existing or hereafter ererted on the Propert}~ f ~nsured against loss by fire, hazards included within the term "extended co~~erage" and any other hazards for which Lender ~ requ~res insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The ~ insurance carrier providing the insurance shal) be chosen by Borrower subject to Lender's appro~~al which shall not be ~ ~nreasonably withheld_ ~ All insurance policies and renewals shall be acceptable to Lzr.der and shall include a standard mortgage clause. ~ Lender shall have the right to hold the policies and renew~als. If Lender requires, Borrower shall promptly gi~~e ro Lender , all receipts af paid premiums and renew•al notices. In the event of loss, Borrow~er shall gi~•e prompt notice to the insurance ~ rarrier and Lender. Lender ma}~ make proof of loss if not made promptl~~ by Borrower. Unless Lender and Borrower otherw~ise agree in writ~ng, insurance proceeds shall be applied to restoration ~r repair ; ~~f the Propert}~ damaged, if the restoration or repair is economically feasible and Lender's securit}~ is not lessened. If the ~ restoration or rerair is not economically feasible or Lender's security would be lessened, the insurance prcxeeds shall be ~ applied to the sums secured by this Security Instrument, whether or not then due, with anp excess paid to Borrower. If ~ E3orrower abandons the Property, or does not answer within 30 days a notice from Lender that the insurance carrier has ~ offered to settte a claim, then Lender may collect the insurance proceeds. Lender ma}~ use the ~rocreds ro repair ~r restore t the Propert}~ or to pay sums secured by this Security Instrument, w•hether or not then due. The 30-da~• period w•ill begin ~ w~hen the notice is gi~~en. ~ Unless Lender and Borrower otherw~ise agree in writing, an}• application of proceeds to principal shall not extend or € ~stpcme the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the pa}~ments. If ~ under paragraph 19 the Propert}~ is acquired by Lender, Borrower's right to any insurance policies and proceeds rc~u{ting from damage to the Property prior to the acquisition shall pass to Lender t~ the extent of the sum~ secured b~ this Securit}~ [nstrument immediately prior to the acquisition. ~ 6. Preservation and tilaintenance of Property; Leaseholds. Borrow~er shall n~t destro}, damage or substantiall}~ ~ change the Property, allow the Property to deteriorate or commit w~aste. If this Securit}~ Instrument is on a leasehold. Borrower shall comply with the provisions of the lease, and if Borruwer acquires fee title to the Property~, the leasehold and fee title shall not merge unless Lender agrees to the merger in writing. 7. Protection of Lender's Rights in the Property; ~torty,age Insurance. If Borrow•er fails to perform the co~enants and agreements contained ~n this Securit}~ Instrument, or there is a legal prc~ceeding that ma}~ significantl} afTect Lender's rights in the Property~ (such as a prcx;eeding in bankruptcy~, probate, for condemnahon o: to enforce laws ~r , regulations), then Lender may do and ~ay for w•hatever is necessar}~ to protect the ~~alue of the Propert}• and Lender's rights in the Property. Lender's actions may include paying any sums secured b}~ a lien which has priority~ o~~er this Securit}~ ? Instrument, appearing in court, paying reasonable attorneys' fees and entering on the Property~ to make repairs. Although t_ender may take action undrr this paragraph 7, Lender d~ not have to do so. ' An}~ amounts disbursed b~~ Lender under this Raragraph 7 shall become additional debt of Borrow~er secured b}• this Secunty Instrument. li nless Borrow•er and Lender agree to other terms of pay~ment, these amounts shal) bear interest from the date of disbursement at the \rne rate and shall be pa}able, with interett, upcm n~~uce frc~m l.ender to Borrower requesting pay~ment. ' ~ 457 r. ~f 917 - - - : ~ ~~y ~~.a.. 4~+,~= ~ '-f jc ~;'e-~,-~~~ ~s~^tm-: „~`s ~~a- ~a'`~~ . . i¢~~~'~~~uk~,~~~~~