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<br /> UNIFQRM C(1V FNANTS Bormwer and l.encier cavenAnt and agree uc Pallo��s: �0 � �O O O�V
<br /> _____._ __ 1, P�ym�nt at Priacina!and Interest;Prennyme�t s�nd l.s�te Ch�rRes. Barrawcr shall promptly pay when due
<br /> the priacipal of and internt on the debt evidenced by the Natc and any prepnyment and late charges due under the Note.
<br /> �. Funds to�T�xes�►nd Insursece. Subject to applicable Iaw ar to a written w•aivcr by Lender.Horrower shall pay
<br /> � to Lender an thc day monthly payments are due under the Note,until the Npte i�paid in Pull.a sum("Funds")equal to
<br /> onrtwelfth af: (a) yearly taaes and assessments which may attain priority aver this Security lnstrament; (b) yearly
<br /> IeASehold payments ar graund rents an the Propert�, �t� any; (c) yeariy hazard insutance premiums; and (d) yrariy
<br /> mortgage insurance premiums,if any.These items are called"escrow items,"Lender may estimate the Funds due on the
<br /> basis af cunent data and reasonable estimates of tature escraw items.
<br /> The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by u federal ar
<br /> state agency(including Lender if Lender is such an institution).Lender shall apply the Funds to pay the escrow items.
<br /> Lender may not chargc for halding and applying the Fun@s,analyzing the account or veriPying the escrow items,unless
<br /> Lender pays Horrower interest on the Funds and applicable law petmits Lender ta make such a charge. Borrower and
<br /> Lender may agree in writing that interest shatl be paid on the Funds. Unless an agreement is made or applicable law
<br /> reyuires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. I.ender
<br /> shall give to Borrower,without charge,an annua)accour�ting of the Funds showing credits and d�bits to the Funds and the
<br /> purpose for which each debit to the Funds was made.The Funds are pledged as additionul security for the sums secured by
<br /> this Security Instrument.
<br /> � If the amount of the Funds held by Lender.together with the future monthly payments of Funds payable prior to
<br /> � the due dates of tho oscraw items,sHall exceed the amount required to pay the escrow items when due,the excess shall be,
<br /> ; at Borrower's option,either promptly repaid to Borrower or credited to Bonower on monthly payments of Funds.If the
<br /> � amaunt of the Funds htld by Lender is not sufticient to pay the escrow items when due,Borrower shall pay to Lender any
<br /> � amount necessary ta make up the deflciency in one or more payments as required by Lender.
<br /> ; Upon payment in full of all sums secured by this 5ecurity Instrument,Lender shall promptly refund to Borrower
<br /> � any Funds held by Lender.If under paragraph 19 the Property is sold or acquired by Lender.Lender shall apply,no later
<br /> than immediately prior to the sale of'the Property or its acquisition by Lender,any Funds held by Lender at the time of
<br /> ' applicaiion as a crcdit agaiast thc sums securcd by this Sccarity Instsument.
<br /> ' 3. Applicallon o!Payments. Unless applicable law p*avides atherwise,all payments received by Lender under
<br /> paragraphs 1 and 2 shal]be applied:first,to late charges due under the l�lote;second,to prepayment charges due under the •
<br /> Note;third,to amounts payable under pazao*aph 2;fourth,so inierest due;and!sst,to principal due.
<br /> 4. Gbarga;Liens. Borrower shall pay all taxos,assessments,charges,fines and impositions attributable to the
<br /> Proptrty which may attain priority.over this Secnrity Instrument, and leasehold payments or ground rents, if any. . '�
<br /> Borrower shull pay these obligations in the manner provided in paragraph 2,or if not paid in that manner,Bonawer shall
<br /> pay them on timc directly to the person owed payment. Borrawer shall promptly furnish to Lender all notices of amounts � �
<br /> to be paid under this paragraph. If Borrower makes these payments directly,Bonower shall promptly furnish to Lender � �'
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<br /> � receipts evidencing the payments. � i.:. -�
<br /> ' Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Bonower:(a) � �`
<br /> '. -agrces in writing to the payment os the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good -
<br /> faith the lien hy,or defends against enforcement of the lien in,legal proceedings which in the Lender's opinion operate to
<br /> prevent the enforcement of the Iien or farfeiture of any part of the Property;or(c)secures from the holder of the lien an _
<br /> agreement satist'actory to Lender subordinating the lien to this Security Instrument.If Lender determines that any part of _
<br /> the Properiy is subject to a lien which may attain priority over this Security lnstrument, Lender may give Borrower a '-
<br /> notice identifying the lien.Borrower shall satisfy the lien or take one or more of the actions set forth abc+ve within 10 days ;�
<br /> of the giving of notice. —
<br /> � 5. Hazard Insurance. Borrower shall keep the improvemcnts now existing or hereafter erected on the Property
<br /> insured against loss by fire,hazards included within the term"extended coverage'and any other hazards for which Lender
<br /> reyuires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requirss. The
<br /> insurance carrier providing the insurance shall be chosen by 8orrower subject to Lender's approval which shall not be
<br /> unreasonably withheld.
<br /> . All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br /> Lender shall have the right to hold the policies and renewals.If Lender requires,Borrower shall promptly give to Lender
<br /> all rec�ipts of paid premiums and renewal noiices.In the event of loss,Borrower shall give prompt notice to the insurance
<br /> carrier and Lender.Lender may make proof of loss if not made promptiy by Borrower. �i�.�''-
<br /> Unless Lender and Honower otherwise agree in writing,insurance proceeds shall be applied to restoration or repair -�
<br /> of the Property damaged,if the restoration or repair is economically feasible and Lender's security is not lessened.If the ,
<br /> restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be .
<br /> applied to the sums secured by this Security Instrument,whether or not then due,with any excess paid to Borrower. If
<br /> Borrower abandons the Property.or does not answer within 30 days a notice from Lender that the insurance carrier has
<br /> offtred to scttle a claim,then Lender may collect the insurance proceeds.Lender may use the proceeds to repair or restore
<br /> the Property or to pay sums secured by this Security instrument,whether or not then due.The 30-day period will begin
<br /> when the notice is given.
<br /> Unless Lender and Borrower otherwise agree in writing,any application of proceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments refened to in paragraphs 1 and 2 or change the amount of the payments.If
<br /> under paragraph 19 the Property is acquired by Lender.Bonower's right to any insurance policies and proceeds resulting
<br /> from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security
<br /> Instrument immediately prior to the acquisition.
<br /> 6. Preservation and Malntenance of Yroperty;Lease6olds. Borrower shall not destroy,damage or substantially
<br /> change the Property. allow the Property to deteriorate or commit waste. If this Security Instrument is on a leasehold,
<br /> Borrower shall comply with the provisions of the lease.and if Borrower acquires fee title to the Property,the leasehold and '
<br /> fee title shall not merge unless Lender agrees ta the merger in writing.
<br /> � 7. Pratection ot Lender's Rights ie the Property; Mortgage insurance. 1P Borrower fails to perform the
<br /> eovenants and agteements contained in this Security Instrument,or there is a legal proceeding that may significantly afPect
<br /> l,ender's rights in the Propeny (such as a prcxeeding in bankruptcy, probate, for condemnation or to enforce laws or '
<br /> _ regulations),then Lcnder may do and pay for whatever is necessaty to protect ihe value of the Property and Lcnder's rights
<br /> in the property. Lender's aetinns may include paying any sums secured by a lien which has priority over this Security .�
<br /> _ � Instrument.appearing in court,paying reasonable attorney.c'fees and entering on the Property to make repairs. Althc+ugh
<br /> Lender may take action undet this paragraph 7.Lender does not have to do sa.
<br /> An�•amounts disbursed by Lendcr u�dcr thi�paragraph 7 chall becnme add�tional dcbt��f I3orrow•rr�ecured by �hn �..
<br /> Secur�ty instrument UnlecS E�orrower and I.ender agree ta c►ther termt nf�+aymrnt,these amc.unt��hall hrar mterc5t frum 4R�
<br /> - t h e d a t e o f J�e burcert:en t a t t he Nu te ra�e an d �ha l l he paya b le. uu h iniere�i. up��n n��hce Fmm 1 endrr t�� f ic�rr��wer �n
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