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<br /> UNIFORM COVI�tvAtu'rs. Borrower and Lender covenant and agrce us Pollaws:
<br /> � 1. Psyneent of Princtpal�nd Interest;Prep�yment u�d L.nte Cbarges. Horrower shatl pramptly pay when due
<br /> the principx)af And interest on the debt evidenced by the Note and any pr�payment and Iate charges due under the Note.
<br /> - 2. FWnt3�fo:i axa and lasurance. 5ubject t0 Applica'ble law or to a written waiver by Lender,Bonower shall pay
<br /> - io Lender on�i�e day monthiy p�yments are due under tAe Note,unti!the Note is paid in fuii,a sum("runds")equa!to
<br /> ono-twelfth aP: (a)•pesrly aaes and assesemenu which may attain priorily over this Security Instrument; (b) yearly
<br /> leasehold payments or ground rents on thz P'roperty� if'any; (c) yearly hazard insurance premiums; and (d) yearly
<br /> mortg��e insurance premiums,if any.Thess items ue called "escrow items."Lender may estimate the Funds due on the
<br /> basis of current dnta snd reasonable atimates oPfuture escrow items.
<br /> The Funds shall be held in an institution the deposits or accounts of which arc insured or guaranteed by a federal or
<br /> sute sgency (including 1.,ender if Lender is such an institution). Lender shall apply the Funds to pay the acrow items.
<br /> Lender m�y not chuge for holding and applying the Funds, ans�lyzing the account or vedfying the escrow items, unless
<br /> Lender pays 8orrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br /> Lender may agrte in writing thst interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br /> roquires interest to be paid�Lender shall not be required to pay Burrower any interest or earnings on the Funds.Lender
<br /> shdl give to Borrower,without charge.an annual accounting of the Funds showi�g 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 securod by
<br /> this Sccwity lnstrument.
<br /> If the amoant of'the Funds held by Lender,together with the fl�ture manthly payments of Funds payable prior to
<br /> , the due dates of the escrow items,shsll exceod the amount required to pay the escrow items when duc,the excess shall be,
<br /> at Borro�ver's option,either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br /> unount of the Funds held by Lender is not suflicitnt to pay the escrow items when due,Horrower shall pay to Lender any
<br /> � unount necessary to make up the deflciency in one or more payments as requir�by Lender.
<br /> Upon payment in full of all sums secured by this Security Instrament.Lender shall promptly refund to Borrower
<br /> any Funds heid 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 acyuisition by Lender,any Funds held by Lender at the time of
<br /> application as a credit against the sums secnred by this Security Instrument.
<br /> 3. A�plicatlon ot Payeerab. Unless upplicable law provides otherwise.all payments rr.ccivrd by Lender under
<br /> paragnphs 1 and 2 shall be applied:first,to late charges due under the Note;second,to prepayment charges due nnder the �
<br /> NotG third,to amounts psyable under paragaph 2;fourth.to interest due;and last,to principal due. �
<br /> 4• C�r�I.iee:. Borrower shall pay all taxes,assessments,charges,flnes and impasitions attributable to the '
<br /> Property which may uuin priority.over this Security I�utrument, and leasehold payments or ground rents, if any.
<br /> . BorrcM=r shall pay these obligations in the manner provided in paragraph 2,or if not paid in that manner.Borrower shall � �
<br /> �,i�y�,`,au uu ume direcity iv ine person owed payment.�3artoaer shall promptly furnish to Lender all notices of amounts � :-
<br /> to be p�id under this paragraph. If Borrower malces these payments directly,Borrower shall promptly furnish to Lender
<br /> raxipts evidmcing the payments. -
<br /> __ Borrower sha11 promptly dischatge any lien which has priority over this Secnrity Instrument unless Bonawer:(a) :_=.
<br /> sgroes in writing to the payment of the obligatson secured by the lien in a manner acceptable to l.ender;(b)contests in good
<br /> , faith the lien by,or deFends against enforctment of the lim in,legal praceedings ahich in the Londer's opinion operate to � --_
<br /> prevent the enforcement of the lien or forfeiture of any part of the Property;or(c)secures from the holder of the lien an —
<br /> agament satisfactory to Lendcr subordinating the lien to this Security Instrument.If d.ender determines that any part of �� .
<br /> the Property is subject to a lien which may attain priority over this Security Instrumrnt, Lander may give 8otrower a
<br /> notice identifying the lien.Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br /> of the giving of notice.
<br /> S• Huard Insuraace. Borrower shall keep the improvernents now existing or hereafter crxted on the Property +
<br /> insured against loss by fire,hazards includod within the term"eatendod coverage"and any other hazards for which Lender � ; .
<br /> requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender roquires. The �
<br /> insuranee carrier providing the insuranx shall be chosen by Borrower subject to Lender's approval which shal!not be
<br /> unreasonibly withheld. �
<br /> AU insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause. ,���
<br /> La�der shall hive the right to hold the policies and renewals.If I.ender requires,Borrower shall promptly give to Lender
<br /> all receipts of paid premiums and renewal notices. In the event of loss,Bonower shall give prompt notice to the insurance
<br /> camer and Lender.I.ender may make proof'of loss if not made promptly by Borrower.
<br /> Unless Lender and Bonower otherwise agree in writing,insurana 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 lasened. If the
<br /> ratoration or repair is not economically feasible or Lender's security would be lessened,the insurance proceeds 3ha11 be
<br /> applied to the sums secured by this Security Instrument. whether or not then due,with any excess paid to Bonower. If
<br /> Barrower abandons the Psoperty.or does not answer within 30 days a notice from i.ender that the insurance carrier has
<br /> . o�ered to settle a clsim,then Lender may collect the insurance procoods.Lender may use the proceeds to repair ar restare
<br /> the Property or to pay sums secured by this Security Instrument, whether or not then due.The 30�day period will begin
<br /> Mhen the notice is givrn.
<br /> Unless Lender and Borroaer otherwise agee in writing,any application of proceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments referrod to in paragraphs 1 and 2 or change the amount of'the payments. If
<br /> under paragraph 19 the Property is acquired by Lendet,Borrower's right to any insurance policies and procceds resulting
<br /> - from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Seaarity
<br /> Instrument immediately prior to the acquisition. •-'==— --
<br /> - b. Presenation and Mntintenance olProptrf�;Leaseholds. Borrower shaU not destroy,damage or substantiaily �
<br /> change the Property, allow the Property to deteriorate or commit waste. lf this Security lnstrument is on a leaschoDd,
<br /> Borrower shall comply with the provisions of the lease.and if Borruwer acquires fee title to the Property,the leasehold and �
<br /> fee title shaU not merge unless Lender agroes to the merger in writing. �
<br /> ,_�: 7. Protection Qt Leader's R.ghts in tht Propertj; M�a:tgsg: Insarsr:�;. If �orrower fails to perforn� the _
<br /> covenants and agraments contained in this Security lnstrument,or there is a legal proceeding that may significantly affect �
<br /> �, � Lender's rights m the Property (such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws ar �
<br /> regulationa),then Let►der may do and pay for whatever is necessary to protect the value of the Property and l.ender's rights
<br /> -= an the Propetty. Lender's actinns may include paying any sums secured by a lien which has pr�onty over this Security `i
<br /> _- Instrument,appearing in court,paying reasonable attorneys'fees and entering on r.he Properry to make repa�rs. Although ��p�
<br />__° l.rnder may take action under th�s paregraph 7,i,ender does not have to do so. ��+t"j
<br /> —___ Any amaunts disburstd by L,ender under th�s parag�aph 7 sha)I lxcome add�tional debt�f Borrower secured by th�c
<br />___":` Secur�ty Instnament Unless Borrower and Lender agree to other terms of payment,these amounts shall bear interest from '' '
<br /> ---=� the date of disbursement a� the Note rate and chaf! be payable. w�th in�erest, u�n nauce from l.ender ro Hormwer
<br />�e�i�, rt�quest�ng paymen�
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