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<br /> , 9�� 100�35
<br /> UNIFaRM CaVENANTS Borrower and Lender cavenant and agree as tollows
<br /> �" 1. P�yment ot Princlpaiand Int�rest;R�epayment and Late Charg�s. Qorrower sha11 promptiy pay when due the
<br /> t pnnc�pal u1�nci�nterest afl fha dobl ov�donceci by tha Note and eny prepayment a�d late chArgos duo under tho Noto.
<br /> 2. Fu�ds forT�xts andln�urance. Sub�ect to applicable law or to a wniten waiver by Lender,Borsower shali pay
<br /> to Lender pn the day monthly payments are due unde�the Note,unt�l ihe Note is paid in tull,a sum("Funds")equal to
<br /> One-lweltth of; �a) yeariy taxes and assessments wh�ch may atta�n pn�nty over this �ecunty Instrument; (b) yearry
<br /> . leasehold payme��t� ot grouRd rents on the Property, !f eny; (c) yearly hazard insurance premiums; and (d) yearly
<br /> mortgage insurance premiums,i1 any.These items are calted"escraw ilema".Lender may est�mate the Funds dus on the
<br /> basis of current data and reasonable estlmates of future escrow items.
<br /> The Funds shall be held in an;nstitution the deposits or accounts of which are insured or guaranteed bya federal or
<br /> state agency(including Lender if Lender is such an mstitution). Lender shall apply She Funds to pay the escrow items.
<br /> Lender may not charge}or holding and applying the Funds,analyzing the account or veritying the escrow items,unless
<br /> Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge.Borrower and
<br /> Lender may agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br /> requires lnterest to be paid,Lender shall not be required ta pay Borrower any interest or earning5 on the Funds.Lender
<br /> shall give to Borrower,without charge,an annual accounting o1 the Funds showing credits and debits to the Funds and the
<br /> purpose for which each debit to the Funds was made.The Funds are pledged as additional security for the sums secured
<br /> by the Security Instrument.
<br /> If the amount of the Funds held by Lende�,together with the future monthly payments ot Funds payable prior to the
<br /> due dates oi the escraw items,shall exceed the amount required to pay the escrow items when due,the excess shall be,at
<br /> Bo►rower's option,either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br /> amount of the Funds held by Lender is not sutf icient to pay the escrow�tems when due,Borrower shall pay to Lender any
<br /> � amount necessary to make up the defic�ency�n one or more payments as required by Lender.
<br /> , Upon payment in full of a�l sums secured by this Security Instrument,Lender shall promptly relund to Borrower any
<br /> Funds held by Lender.N under paragraph 19 the Property�s sold or acquired by Lender,Lender shall apply,no later than
<br /> immediately priar to the sale oi the Property or its acqu+sition by Lender, any Funds held by Lender at the time of
<br /> application as a credit against the sums secured by this Security Insi�ument.
<br /> 3. Applicatlon ot Payments. Unless aaplicable Iaw provides atherwise,a11 payments received by Lender under
<br /> paragrapha 1 and 2 sha11 be ap�lied�first,to late charges due under the Note:second.to p�epayment charqes due under
<br /> the Note:third.to amounts payable under paragraph 2;tourih,to�nterest due:and tast, to pnncipal due � '
<br /> � 4. Charyes;Lieos. Borrower shall pay all taxes,assessments,charges,tines and impositions attnbutable to the '
<br /> Property which may attain pr�onty over this Secunty Instrument, and leasehold payments or ground rents, �f any. , ,_ �.
<br /> Borrower shail pay lhese obligations�n the manner provided in paragraph 2,or rf not pa�d m that manner,Borrower Shall � �_:::
<br /> • pay them on time directly to the person owed payment.Sorrower shali promptly turn�sh to Lenderall noticesotamounts to 1 :•_
<br /> a-
<br /> - oe paid uneier tnis paragrapn. ii Sorrower maices inese paymenis ciireciiy. 8orrower snaii prompiiy iumisn io iender - _
<br /> receipts evidencing the payments
<br /> , Borrower shall promptly discharge any lien which has pnority over this Security Instrument unless Borrower:(a)
<br /> � ggrees in writing to the payment of the obligation secured by the lien in a manner acceptahle to Lender;(b)contests in
<br /> good faith the lien by,or defends against enforcement oi the lien in,legal proceedings which in the Lender's opinion ''�`M1
<br /> operate to prevent the enforcement ot the lien or forfeiture of any part oi the Property;or(c)secures irom the hotder of the `
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<br /> lien an agreement satisfactory to Lender subordinating the lien to this Security Inst�ument.lf Lender determines that any
<br /> part of the Property is subject to a lien which may attain prfor�ty over this Secur�ty I nstrument.Lender may give Borrower a
<br /> notice identifying the lien.Borrower shall satisfy the lien or take one or more ot the actions set forth above within 10 days of
<br /> the giving of notice.
<br /> 5. Nazard Inaurance. Borrower shall keep the improvements now existing or hereaiter erected on the Prope�ty
<br /> � insured against loss by fire, hazards included within the term ��extended coveraye"and any other hazards for which
<br /> Lender requi►es insurance.This insurance shall be maintained in the amounts and tor the periods that Lender requires. ! �:
<br /> ; The insurance carrier providing the insurance shall bechosen by Borrower 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. t:°=r.
<br /> Lende�shall have the right to hold the policies and renewals.If Lender requires,Borrower shall promptly give to Lender all ,"'�"
<br /> receipts of paid premiums and renewal notices.In the event ot loss.Borrower shall give prompt notice to the insurance • ,
<br /> carrier and Lender.Lender may make proof of loss if not made promptly by Borrower.
<br /> Unless Lender and Borrower 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 feas�ble and Lender's security is not lessened.li the
<br /> restoration or repair is not economically teasibte or Lender's secunty would be lessened,the insurance proceeds shall be
<br /> apptied to the sums secured by this Security Instrument,whether or not then due.with any excess paid to Borrov+er. tf
<br /> Borrower abandons the Property,or does not answer withfn 30 days a not�ce from Lender that the insurance carrier has
<br /> ottered to settle a claim,ther►Lender may collect the insurance proceeds.Lender may use iha proceeds to repair or restore
<br /> the Property or to pay sums secuied by this Security Instrument,whether or not then due.The 30-day period will begin
<br /> when the notice�s given.
<br /> Unless Lender and Borrower otherw�se agree in wr�t�ng,any appl�cation of proceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments.�}
<br /> under paragraph 19 the Property is acquired by Lender.Borrower's right to any insurance policies and proceeds resulting
<br /> from damage to the Property prfor 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. Preaervation and Malntensnce o1 Property;Leaseholds. Borrower shall not destroy,or damage or substan-
<br /> tialty Change the Property,allow the Property to deterio�ate Or COmmit waste.If this SeCUnty Instrument is on a leasehold, �
<br /> E3orrower shall comply with the provisions of the lease,and i1 Borrower acquires fee title to the Property.the leasehold and , �
<br /> fee title shall not merge unless Lender agrees to the merger m writmg.
<br /> 7. Protection of Lender's Riyhts in the Property;Morlgage Inaurance. If Borrovrer ta�ls to periorm the covenants •
<br /> and agreements contained in thisSecurfty Instrument,orthere�s a legal proceeding that may signit�cantty aftect Lender's
<br /> � r�yhtS in the Property tsuch as a proceeding in bankruptcy,probate.for cond2mnat�on or to enforce laws or regulat�ons).
<br /> then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's r�ghts �n the
<br />, Property Lender's actions may include paying any sur�,c secured by a lien wh�ch has pnonty over th�s Security �
<br /> Instrument.appeanng�n court.pay+ng reasonable attorneys�feesand eMenng on the Property to make repa�rs Althvugh ��
<br />- Lender may take action under th�s paragraph 7.Lender does not have to do so.
<br /> Any amountsdisbursed by Lender uucfer this par�yraph 7 shall become add�honal debt oi Bo�rower tie�cured by th�s ,✓ ��
<br /> Secur�ty InstrumeM Unless E3orrower and Lende�ayreE�to Uther terms o}paymf�nt_1h2Se emoU��15 5hall hrar inlrreSt irom � �"
<br />` .1he dete Of diSburSemtnt at the Note rate and shall hc� paytibl� vnfh �ntErESt upon �i��tut•1r�m l�nder to Hnrr�wc�r
<br /> �equostng payment
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