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Home My WebLink About0935 r t Upar Paym~t in full of all sums eecured by thia Sec~ity It~etnment, La~der shall praoptly ref~nd to : sorrnwer any Fuds hel~ by Lendec. If ~nder paragraph 18 the Property ia sold ar aoquired by Lander, La~der ' st?sll a~ply, m la[er t3~aa icmediately prior to the sale af t31e P~~perty or its acquisitiaa by Lender, aay F1nds held by Le~er at the time of applicatian ae a credit a$ainst the ~uums secured by this Secxnrity Instn~ent. 3. Ap~linti~ af A~eots. ibtess a~plicable Lr~ pravicies othenri.se, all paymente receiv~ad by Le~der ~a~er paragraphs 1 and Z ahall be applied: first, to late d~arges aue u~r the Note; seca~d, to prep~aymeut ci~arges due under the Note; tfiird, to am~m[s payable ~der ParagraPh 2; fourth, to interest due; aad 1ast, to principal due. 4. ms~es; Lisos. Bocrawer ahall pay all taxes, assesame+nts, d~argea, fines aad impositia~s attributable _ to the Property Whidi may attffiin p~riority o~ this Secmcity Inatnm~, aod lea,se~wld payments oc g~~ds reats, if any, Barrvwer shall pery t~tese obligatioos in the matmer pc~ovided in Parsgraph 2, at if not peid in thet u~r, Borrower shall pay thm~ an time directly to the persan a~ed peymeot. BorY+o~er ehall p~a~tly furnieh to Laid~er all rotices of ao~nts to be paid uder Ltiis Paragra~h. If Bo~rra~rer makes these payments directlY, Borrow~ ahall pramptly furniaii to Lende~r receipts evide~civg the pgymEnta. Borraie~c eUall pramptly diBCharge ary lien ~ich has pri.ority ou~c dlis Security Instn~t ~nless Barruw~er: (a) agreea in writi~ to the p~ay~oent of the oblig,atiw secured by the lien in a mamear acceptable to Lender; (b) contestg ia gpod faith t3~e liea by, ar defends ag,ainst a?forc~ent of d~e lien in, 1eg,a1 prooeedings ~?idi in the i,er,der~s opiniAn operate tA preva~t the atfar~ of the lien or forfeiture of any part of the Property; or (c) secures fi-am d~e holder of ttre lien aa agreement satisfactory to Le~der eubordinatu~g die lien to this Security Instnmeat. If Lender derP~ni.,~ diat any part of the Propexty is subject to a lien ~ifi ~ay attain priarity arer this Security I~tn~eat, Leider msy giv~e Borrw~z' a mtice idaitifyi~g ti~e lien. Barrarex ahall satisfy the lien or taloe a~e ar m~re of the actiaoa set forth abv~e within 10 days of the givi~g of notioe. 5. 8~sa I~oe. Borra,rer e~all loeep t~e impravements mw ecisting ar hereafter erected on tfie Property insured a~inst loes by fire, haza~ds included within d~e temn "extended oovpxage~~ and ag, other hazards for ~fiich Lender requires insuranoe. lhia insurance shall be maintained in the ~nts aad for the ~+eriods ~at t znder requires. 1t?e ins~anoe carrie~ pcwidiqg the insuraroe ahall be ch~ by Borrwer s~ject to Lender's approval ~ich ahall mt be uareasonably withheld. All insurance policies and reoe~als ~all be acceptable to La~der ayd eha11 include a standard mortg,age ~iause. i.ender shall have the rigk?t to tmld the policies and ret~ewals. If Le~r requires Borrvwer shail p~c~tly give to Laxler all receipts of paid pceaiums ad rei~l mtices. In tfie evait of loss, Barraw~er ahall give ps+cmpt mtice to the insurance carrier acd La~der. .~ender may malae proof of loss if not made pramptlY bY &xra~r. Unless Lader and Bocrawer othe~rise agree in writing, insurance pcoceeds shall be a}~plied tn restoration ar repair of the Property d~a,ged, if the restoratian ar repair is ecanomically feasible ~d Lender's security i.s rot lessened. If the res[oration ar repair is mt econamically fieasible ac Labdex''s eec~ity would be lessered, the insuranoe pcooeeds ahall be applied to the aams sec~sed by d~is Sec~sity Instn~mPnt, whethe~c ar not then due, with any ecoess paid W Bara~er. If BacrvWer abacdaua tfie PropertY, ar does mt a~er within 3D days a n~tice ~ fran L~der that the insuranoe carries has offered to settle a claim, then L~ may oollect the insuranoe ~ ~roceeds. La~der may use ti~e proc.eeds to repair ac restore t3~e Propezty vr tv pay sums ~cured by this Security 6 Instn~nt, Whether ar not ttiai due. 'It~e 3~-day period will begin when the mtice is given. E Untess Le~der and Borraw~er otheswise agree in writing, ary application of pcoceeds to principel shall mt ~ exterd ar postpone the ~ue date of the monthly psyments referred to in paragraphs 1 and 2 ar d~ar~8e the ~t of ~he payments. If t=der paragraph 18 dte Property i.s acquired by L~der, Borraa~r's rigjtt to any insurance ! policies a~ pruceede resulting fr~n daaag~e to the Property priar to the acquisition shall pass to Lendex to the ~ ~t~t of t~?e au~ secured by tfiis Security Instnmrent i~ediately prior to the acquisition. ~ 6. Yc~e~e~im aod MaiaL~ooe af Pt+a4ecty; I~riot~s. &rra~r shall mt destroY ~~8'~ ~ . substazitially chan~ the Property, a11aW the Property to deteriorate ar cxmmit waste. If this Sece~ity I~tr~t is m a le.asehold, Barrower ahall oamply ~,rith the pravisic~os of die lease, a~d if BorrvWer acquires ree title to the Property, the 1ea~sdiold acd fee title shall not mer~ unless Lade~r agrees to the merger in arr it ing. 7. PnoOectian af Leder's ~ ia t~e Ytapect~; Ma~tat~e Inw~ooe. If Barro~er fails to perfozm the ccnrenants atd agrem~ents contained in this Security Instn~ment, ~ there i.s a leg,al groceedi~g that maY significantly affect La~der's ri~?ts in the Property (such as a pcoceedin8 in ba~ninu~tcY: R'o~te~ fi~r conde~ation o~r to ~foroe l.aws of regulatia~s), then Lender may do acd pay fo~ s~atev~ is necessary to protect ti~ value of t~e Property a~d Laider's rig~ts in the Property. Isnder's actions ~my include PaY~B ~Y ~ sec~ed by a lien whidi has priarity aver this Security Instn~, appearing in oourt, paying reasonable attorneys' fees a~d aitering on t3~e Property to ma'~ce rep~irs. Altho~ La~des tmy take action ~nder this ~ p3ragra~ 7, Lender does rat have to do so. Any ~unts di.sbursed by La~der u~der this paragraph 7~all become additional debt of Barawer secured by e~~.is Sec~sity Instn~~. Unless Borrowpr and Lez~der agree to other tezms of paymer~t, these amoiants shall bear INlTIAL HERE - ~,v~ 6uac~tv~ McE ~J~# . - ~