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Home My WebLink About0948 t 6 t',.,uu ~,nau w a~,Nucu. u~~~, W IdIG 111d1~CS UUC UfiUCI IIIC 1VUlC~ aca.vuu. ~v }na.},••~•~•.,••. .,•••,.h", Nate; third, to amounts payable under paragraph 2; fourth, to ~nterest due; and last, to principal due. 4. Charges; Liens. Aorrower shall pay ali taxes, assessments, charges, fines and im~sitions attributable to the Property which may attain priority over this Security tnstrument, and leasehold payments or groand rents, iP any. Borroa•er shall pay these obligations in thc manner provided in ~aragraph 2, or if not paid in that manner, Barrower shall pay them on time directly to the person owed payment. Borrower shall promptly furnish to 1_ender all notices of amaunts to he paid under this paragraph. If Borrower makes these payments directly, Borrower shall promptiy furnish to Lender receipts evidencing the payments. Borrow~er shall promptiy discharge any lien which has priarity over this Security Instrurt~ent unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, (b) contests in good faith the lien b~•, ar defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the enforcement of the lien or forfeiture o~ any part of the Praperty; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. If I.ender determines that any part of the Property is subject to a lien which may attain priority over this Security lnstrument, Lei~der may give Borrower a notice identif}•ing the lien. I3orrower shal) satisf~~ the lien or take one or more of the actions set forth abcwe within 10 days of the giving ~f notice. 5. Hazard Insurance. I3orrower shall keep the improvements now• existing ~~n c~rea~ter rrectcd on ihe Yrapertp insured against loss by fire, hazards included within the term "extended coverage" and any other ha~ards for w•hich Lender , requires insurance. This insurance shall be maintained in the amounts and for the periods that l.ender requires. The intiurance carrier providing the insurance shall be chosen by E3orrower subject to I.ender's apnroval which sh~ll not be unreasonably H~ithhcld. All insurance j?oliries and ~enewals shall be acceptable to l.ender and shall include a standard mortgage clause. l.ender shall have the right to hold the ~licies and renewals. If 1_ender reyuires, Barrower shall promptty give tc~ I.ender all recei~ts of paid premiums and renewal notices. In the event of loss, F3orrower shatt give prompt notice ta the insuranre carrier and Len~er. Lender may make prcx~fof l~ss if not made prompily by Horr~wer. Unless I.ender and Borrower otherwise agree in H•riting, insurance proceed~ shall be applied to restaration or repair of the Pro~erty da?naged, if the rettoration or repair is economically feasible and Lender's security i~ not lessened. U the rest~ration or repair is not econnmically feasible or Lender's security w~ould be lessened, the insurancr ~rcxeeds shal! (x: a~plied to the sums ~ecured b}' this Security Instrument, whether or not then due, with any excess paid tc? Borrow•er. lf Borrc~wer abandons the Yroperty, or dexs not answ-er within 30 da~•s a notice from Lender that the insurance car;ier has otTered tc~ uttle a claim, then lender ma~• collect the insurance proceeds. I.ender ma~~ use the prcx:eeds to repair or restore the Pmpcrty or to pa} sumti secured by this Securit}• Instrument, whether or not then due. Thr 30-da~~ period H~ill begin w~hen the notice is given. Unless [_cnder and Borrower otheruise a€rec in writing, any applicatinn of ~;rcxeeds to principai shall nc?t extend or 'i. postpone the due date of the monthiy payments referred ta in paragra~hs I and 2 or change the amount of the payments. If undrr paragraph 19 the Yroperty is acquired by Lender, I3orrower's right to an}~ insurance poliries and proceeds resulting ` from damage to the Yroperty prior t~ the arquisition shal) pass to I.ender ta the extcnt of the sums serured by this Securit~~ Instrument immediately prior to the acquisition. 6. Preservaiion and ~taintenance of Property; I,easeholds. Borraw~cr shall not destro}~, damage or suhstantiall}~ change the Yro~ert~~, all~w• the Pmpert~~ to deteriorate or commit w•aste. fi thts Seci?rit}~ lnstrument is on a~easehold, Bc~rrower thall comply w~ith the provisior~s of the lease, and if I3orrower acquires fee ~itle to the Vroperty, the leasehc~ld and fec title shall not merge w~leti~ Lender agre~~r tc~ the merger in w~riting. ~ 7. Yrotectian of I,ender's Rights in the Property; 11ort~aRe Insurance. If Borrower fails to ~rform the ~ covenant~ and agreements contained in this Security Instrument, or there is a lega( prexeeding that ma}~ significantl}~ affect Lender's nghts in the Pro~erty (such as a proceeding in bankruptcy, probate, for cor~demnation or to enforce lau~s or ( regulations), then I.ender may~ do and pa}~ for u~hatever is necessary~ t~ prolec! the ~•alue ~f the Propert~~ and I_ender's rights ~ in the Propert}-. I.encier's ac~ions may inrlude pay~ing any tiums secured by a lien w•hich has priority o~~er this Securit~~ i Inurument, arpearing in cc~urt, pa~~inF reasonable attorneys' fees and enlering on the Property to make repairs. Althaugh t.ender ma}~ take artion under this paragraph 7, l.ender does not have to do so. Any amounts disbursed by t.ender under this paragraph 7 shalt become additional debC <iPDnrrow~er secured by this Security Instrument. tJnless Rorreswer and t~ender agree to other terms of payment, these amounts shall bear interest from the date <~f dixbursement at the tinte rate and shall bc ~ayable, with interest, upor, notice from Lender to [3orrow~er reyuesting ~a}~ment. ~ ~ R 60GK 5~~ f'~E~E J~~ _ _ _ - L . ~ 5`..~ ~ _ + I! ~ 1