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Home My WebLink About0998 Lendrr ma~ not charge for holding and applying the Funds, analyzing the accoum or ~ent~ing the escrow items, unies~ ; Lender pays Horrower interest on the Funds and applicable Iaw permits 1_ender to make such a charge. &?rrow~er and l.rnder may agree in writing that interest shall be paid on the Funds. Unless an agreement is made or appiicable law~ reyuires interetit ~o be paid, [xnder shall not be requirec! to pay Borrower any interest or earning~ on the Funds. l.ender ~hall give to Borrow•er, without charge, an annual accounting of the Funds showing creciits and debits to the Funds and ~he purExne fi~r which each debit to the Funds was madr. The Funds are pledged as addiUonal security for thr sums ~ecured b} this Security Instrument. ~ If the amount of the Funds held by Lender, together with the future monthly payments ot Funds pay~able prior to ~he clue dates uf ihe eurow itrms, shall exceeci the amount required ta pay ~he escrow items when due, the exces~ shall tx, at &xrow~rr's uption, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If thr amow~t of the Funds held by Lender is not sufficient to pay the escrow items whtn due, Borrower shall pay tu Lender an}~ ~mount neces.cary to make up th~ deficiency in one or more payments as required by Lender. ~ l?~n payment in fuli of ail sums sec:ured by this Secunty Instrumcnt, Lender shall promptl~• refund to Borrower ~ sny Funds held by Lender. If under paragr~ph 19 the Property is sold or acquired by [.ender. I.ender shall apply, no later 3 than ~mmeciiat~ly prior to the salr of thc Property or its acquisition by L.ender, any Funds held by Lender at the time of appliration as a crc~lit against the sums secured by this Security Instrument. 3. Application of Payments. Unless applicable law providcs othervrise, all payments received by Lender under paragraphs ! and 2 shal) be apptied: first, to late charges due under the Note; second, to prepayment chargcy due under the tiute; ~hird, to amounts payable under paragraph 2; fourth, to interest due; and last. to principal due. 4. Charges; Liens. Borrower shall ~ay all taza, assessments, charges, fines and impcxition~ attnbutable to the Property~ whirh may attain priority over this Security Instrument, and leasehold payments or graund rents, if any. &~rrower shall pay lhese obligations i~ the manner provided in paragraph 2, or if not paid in that manner, Borrow~er shall pay them on time diree:tiy to the person owed payment_ Borrower shall promptl~ furnish to Lender all not~ces of amounts t~~ be paid under ~his paragraph. If Borrower makes these payments directiy, Borrower shall promptly furnish to Lender ' receipts evidenring the paymtnts. ! Borrower shall p:omptly diu;harge any lien which has priority over this Security Instrument unless E3orrow•er. (a) I agrec~ ~n w~riting to the payment otthe obligation se~-ured by~ thc lien in a manner acceptable to L,ender; (b) contests in good ~ (a~th the lien by, or de(ends agatnst enforcement of the litn in, legal proceedings whirh in the Lender's op~nion operate to ~re~ent thc enforcement of the lien or forfeiture of any part of the Property; or (r) secures from the holder of the lien an agrrrment satisfactory to Lrnder subordinating the licn to this Security lnstrumeni. If Lender determinc-~ that any part of the Property is sub}ect to a lien which may attain pnonty over this Security Instrument, Lender may gi~e Borrower a nc~tire ident~i~~ing the lien. &~rrow~er shal) satisfy the lien or taice one or more of the actiom ut forth above within 10 days ~~f the gi~'~ng of notice. S. Naurd Insurance. Bcurow~er shal) keep the impro~~rments now~ exi~ung or hereafter erectcci on the Propert}~ ~nwred against loss by fire, hazards included within the term "tattnded co~~eragc" and any othcr hazards for w•hich Lender rryuires insurance. This ~nsurance shall be maintained in the amounts and for the penods that Lender reyuires. The inwranre carricr providmg the ~nsurance shall be chasen by Borrow•er subjert to Lender's appro~al wh~ch shall nat be ~nreau~nably withheld. All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage claux. t.fnder shall have thr nght to hold the policies and renewals. If Lender requires, E3orrower shall promptl~ gi~e to Lender ail receipts of paid premiums and renewal notices. ln the event of lixs, Borrower shall give prompt notice to the inwrance ~ carn~r and l.rnder. Lender may make proof of loss if noi made promptly by Borrower. ~ Unle~t Lender and &~rrower otherwix agree ~n w•nt~n~, insurance prcx-ezds shal) be appGed to restoration or repair ' ~~f the Property~ damaged, if the restorauon or repair is economically feasible and Lender's secunty is not lec~nrd. [f the rr.torah~m ~r repair ts not econom~cally feasible or Lender's ~urity w~ould be Irtisened, the insurance proceeds shall be applieel t~ the tiums cc~ured b~~ this ScYUnty Instrument, w~hether or not then due, w•ith an}' excess paid to Bcirrow•er. If Borrc~wer a3~andons the Propert}~, or dc~es not answ•rr w~~th~n 30 da~s a not~rc from Lender that the insuranre carner has ' i~ffered to srttle ~ cla~m, then Lender may callect the insuranee pr~recls. Lender may use the proceeds to repair or restorr ' the Pmperty ~r m pa~ sums srcured b}• this Security Instrument, whether or not lhen due. The 30-da~~ period will beg~n w hen the notice is g~~~en. l•'nless Lender and &~rrower othrrw ix agree ~n w nting, an} applicatwn of proceecis to principal shalf not extend or ~ ~xntFx+ne the due date of the monthly payments referred to in paragraphs 1 end 2 or change the amoum o( the pa} ments. If ~ unJer parag;aph IQ the Pr~pert~• is acquired hy Lender, Borrower's right to anp insurance ~licies and ~r~xeeds resultmg frc~m damage to the Property pnor to the acyu~sihem 5hall pa+s to Lender io the extent of the sum~ ~erurrci by this See:urit} , In~trument ~mmrciiatel~ pri~r to the acyuisinon. ~ 6. Preservation and ~taintenance of Property; I.easeholds. f3orrower shall nat dc-~truy~, damage or tiutntanually i change the Property, allow the Ym~rty~ tc~ deteriorate or commit w~aste. If ~h~s Serunt}~ lnstrument c~n a leatirhold, &~rr~,wer shall rom~ty with the prc~~itiit~ns ~~f Ihe leasr, and if Rc?rrow~rr arqu~rc~ fee title te~ the Propert~, the leasehold and ; i~cY tittr tihall n~~t mcrge unlr~~ Lender agrres to the merger in w nUng. . 7. Protection ot I,ender's Rights in the Propert?~; ~tortgage Insurance. If f3c~rrower failc to perform the ~i~~enant~ and agrrementc re~ntained in this Secunty Instrumrnt, ar there i~ a legal pnxeeding that m:~y ~igmfi~antly afTect l.endrr's r~ght~ m the Propert}~ (such as a pr~eeding in bankruptcy~, prohate, fur rundemnation or ta enfc~rce law< <ir rrgulatu,m), thrn l.ender may du and pa}~ for w~hale~er is necessary to protert the ~alue of the Property and Lender'; rightti ~n thr Pr~~E,ert}. Lendrr'~ ach~ms may include pa}sng any sums secured b} a lien wh~rh has pn~~rz~y v~er this Securit}~ ! Intitrument, ~p~anng in rourt, pa~ing rea.wnablc attorneys' fees and er~tenng on the Property~ t~1 make rrpa~n. Although Lrnder ma} takr artion under th~s ~+aragraph 7. Lender dcxs not ha~~e to do so. An~ amuunt~ d~~hursed b} Lcnder ~nder this paragraph 7 shall become add~Uonal deht n! &~rr~~wer srcurrd b} thiti Sr~unt} lnstrumrnt. l'nlct~ E3orr~~wer and l.ender agree to other term~ of payment, thesc amount~ shall brar ~nterc~t frc~m ~ the date ~f di~hur~ement ai the tiote rate an~ shall be pa~able, w~th interest, uFx~n nc~t~re frc~m I.ender t~~ F~~rr~~wer ~ reyue~ung paymcnt ' ~~j~~ ~~V P~iE { , ~ . _ . . _ - ' - ~ > - ~ ~ ~ ~ ~ ~ ~ y~ ~ ~