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<br /> UNIFORM COVENANTS,porrowsr and Lender covers ant and agree as follows: �7 ��9 -
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<br /> ; 1. P�yment of Principal end Intereat; Prep�yr�ent md I.ate Charges. Borrower shali promptly pay when due th•
<br /> ___., ._ „__ _.j pnncipal of and interast on th�dA1y�ey�dsnC�! b��t�sa Agrea;nnnt aiiJ nny prepayment and late charges and any other � •
<br /> � � charges due undsr the Agreement.
<br /> � 2. Appllcetion of P�ymenta. Unlese app�iceb�a le�y provides othervvise, all payments rece(ved by Lender und�r
<br /> paragraph 1 shell be applled; ilrst, to interest du�= aecond, to principal; thlyd, to lata charges; and last to any other
<br /> _�.:..�' �� charges due under the Agreement.
<br /> . -••• �;� 3. Charpes;Llens.Borrower ahall pay all taxes, aeseasments, charges,fines and imposit�ons attributable to the Properly ,`:,�„M;
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<br /> whlch may attafn priority over thia Security Instrumant and leasehold payments or ground rents,if any. Borrower shall :•-��',;;i -
<br /> .� pay these obligations directly to the person owed payment. Borrower shall promptty furnfsh to �ender all notices of
<br /> amounts to be paid under Fhis paragraph and shsll promptly furnish to Lender receipts evidencing the payments. �
<br /> 8orrower shatl promptly discharge any lien whichhats priarity over this Security instrument unless Borrawer.(a)agrees ,.���_ _
<br /> ln writing to the payment of the obllgatiAn securedbythe lien in a manner acceptable to Lender; (b) contests in good
<br /> faith the Ilen by,or detends against eniorcamentd the lien(n,legal proceedings which in the Lender's opinion operate �
<br /> to prevent the enforcemant of the lien or forfeitu reo�any part of the Pro e
<br /> � an agreemant saUsfactory to Lender subordinating=he lien to this Securi rnlnstrument If Lender deter mnes that any _ _
<br /> ;.. part of the Property is subject to a lien which maEy attain priority over this Securfty Instrument, Lender may give
<br /> • Borrower a notice tdenti(ying the Ilen. Borrower shal� satisiy the lien or take one or more of the actions set forth above
<br /> �'.���'� within 10 days of the giving of notice. ,
<br /> ��� 4. Hazard Insurance. Borrower shall keep the Improvements now existing or hereatter erected on the Pro
<br /> against loss by fire, hazards includad wlthin tha t�rm'extended coverage' and any other hazards, includi�ng floods o�r
<br /> flooding, for which Lender requires insurance.This i�surance shall be maintained in the amounts and for the periods ~�
<br /> that Lender requ(res. 7he insurance carrler providc�g tha insurance shalt be chosen by Borrower subject to Lender's
<br /> approval which shall not be unreasonably wlthhold.I!Borrower fatls to maintain r,overage as described above, Lender `
<br /> may, at Lender's option,obtaln coverage to proteclLender's rlghts in the collateral in accordance with paragraph 6.All
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<br />- lnsurance po8cfes and renewals shall be acceptable to Lender and shall include a standard mortgage clause. Lender �
<br />_ ehall have the rtght to hold the policins and rehewats.If Lender requires, Borrower shall promptly g(ve to Lender all
<br /> _' __ recefpts of pald premiums and renewal nnt�_r.ss�.�� �h� avani oi ioss, Borrower shall give prompt notice to th�
<br /> inaurance carrler and Lender. Lender may maka pr��f ot loss if not made promptly by Borrower. Unless Lender and
<br /> Borrower otherwlse agree in writing, insuranoe proceeds shall be applied to restoration or repair of the Property
<br /> damaged, ff the restoration or repair is economical�foaeible and Lender's security is not lessened. If the restoration ar
<br /> •• - � repalr is not economically feasible or L,ender's sacuriiywould be lessene�,the insurance proceeds shall be appfie�! to
<br /> _ � the sums secured by this Security Instrument,wF�elhar or not then due,wlth any excess paid to Borrower. If Borrower
<br /> ' � abando�s the Prp =
<br />_ perry,ar does not answer wlthin 30 days a notice from Lender that the insurance carrier has offered
<br />_.�, '�„ to settle a claim, then Lender may collect the Insurar�ce proceeds. Lender may use the proceeds to repair or restore
<br />_.. , . the Property or to pay sums secured by this Securiryl rstrument,whether or not then due.The 30-day period w�ll begin P
<br /> r��•� ,• • � when the notfce is gfven. UMess Lender and Barovuer otherwise agree in writing, a�y application of proceede to
<br />-=: `��� • princlpal shall not extend or postpone the due dateof the monthl
<br />_� •1;'' ':��i ' p y y payments referred to in paragraph 1 or change the
<br /> !4.�`.�.�� , amount of the a ments. I} uncier paragrnph 20 theP�oparty is acquired by Lender, Borrower's right to any insurance �
<br /> ,,.�.,:. . ,.., pol(cfea and proceeds reswting from damage to tF�eProperty prlor to the acqufsition shall pass to Lender to the extent ��
<br />'�,;;��, ottFw sums aecured by this Security Instrument irnmsdlataly prior to the acquisition. �`
<br />==-=:�•-�e, b• Proservatlon�nd Malntenance of Pro —
<br /> a�� :�'• chan e the Pro ��'� �-Q1����ds. Borrower shall not destroy, damage or substantialty =
<br /> . :. .. 9 perty, other than (n accordance with b�Ag reement,altow the Property to deterlorate or commit waste.
<br />�+`� • If thls Securlty Instrument is on a leasehold, Bor�awar ahall comply with the provisions ot the lease, and if Borrov�er
<br />''`�`�x� acqulres fee tltle to the Property, the leasehold and f�e title shalt not merge unless Lender agrees to the merger In `-
<br /> =:.��.��-.;:. writing.
<br /> ' �.'i�_..,: 8. Protectlon ot L.ender s Rt hts In thc Pro �"_
<br /> � 8 perty; MoR��g� Insurence.If Borrower fails to perform the covenants and � �
<br />��:;.� agroements contalned ln this Security Instrument, athere Is a legal proceeding that may significantly affect Lender's �
<br />=.�r+�� ri hts in the Pro e �```
<br /> 9 p rty (such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws or
<br /> - , . regulations), then Lender may do and pay for whatorer is necessary to protect the value of the Property and Lender's
<br />_ righte In the Property. Lender's actions may includepaying any sums secured by a lien which has priority over this
<br />; Security Instrument, appearing in couK, paying reasonable attorney's fees and entering on the Property to make
<br /> repalrs. Although Lender may take action under tf� paragraph 6, Lender does not have to do so. Any Amounts
<br />- disbursed by Lender under this paragraph 6 shall b ecome additional debt of Barrower secured by this Security � �
<br /> Instrument. Unless Borrower and Lender agrae to oNe t terms of payment,these amounts shalt bear interest trom the ..,°g-;-
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<br /> date of dlsbursement at the Agreement rate and sheR be payable, with interest, upon notice from Lender to Borrower �
<br /> raquesting payment. ' •�t
<br />- 7. Inspectton. Lender or its agent may make reasonablaentries upon and inspections of the Property. � ^,
<br /> ' NSNEOJ5EO�i7 �
<br /> C rY Initials: ;� �'. �—. �P,oesoFe �
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