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<br /> UIV1FoRM CUYENAIV IS B��rcower and Lender covenunt and agrce.Iti PO�IOWS: �/O�10 0 28 6
<br /> 1. Payment af Principal and Interest; Prepxyment and Late Charges, Aorro�ti•er shall promptly pay when due
<br /> the principal of and interest on the debt evidenced by the Note and an�•prcpayment and late chargcs due under the Note.
<br /> 2. Fuucis�'ur Tr�xcs�nd lnsurunee. Subject to appiic�ble la�t or ta a�vritten wai��er h�•Lender,Aarrower shAli pA�•
<br /> to Lender on the day monthly payments are due under thc Nate,until the Nnte is paid in full,a sum("Funds"�c�qual to
<br /> (� one-twelRh af: (a) yearly taxes and asscssments which may attain pri�rii}• o�er thic Serurity Instrument: (b) ycarly
<br /> i teasehold paymcnts or ground rents on the Pro�rty, ii any; (c) yeurly haznrd in�urnnce �remium�:; and fd) }�ra�ly
<br /> mortgage insurance premiums,if uny. These items�re called"escrow items."Lender may es�imate the Funds duc on thc
<br /> hacic�f cur�Pnt daia and spac�qAh�P�e}��ates c+l�futl!re tsCto�items.
<br /> The Funds shall be held in an institution the deposits ar uccounts oPwhich are insured or guaranteed by a Pedernl ar
<br /> state egency (including Lendar if Lender is such an institution). Lender shall Apply the Funds to puy the esc�•ow items.
<br /> Lander may not charge for holding and applying the Funds,analyxing the accaunt or veriPj�ing the escrow items, unless
<br /> Lendec pays Borrower interest on the Fuads and applicable law permits Lender to make such a chargc. Borro�ver 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 interest to be paid, Lender shall nat be required to pay Bonower any interest or earnings on the Funds. Lender
<br /> shall give to Bortawer,without charge,an annual accounting of the Funds showing credits and debits ta the Funds and the
<br /> purpose far which each debit to the Funds was made.The Funds are pled�ed as additional security far the sums secured by
<br /> this Security Instrument.
<br /> 1Pthe amount of the Funds held by Lender,together with the future month�y payments of Funds payable prior to
<br /> the due dates of the escrow items,shall eaceed the amount required to pay the escrow items when due,the excess shall be,
<br /> at Borrower's option,eith�•pi�mptly °paid t� B�rrower�r credited to Bonower on monthly payments of Funds. ]f the
<br /> amount oF the Funds held by Lender is not sufficien[to pay�he escrow items when due,Bonower shall pay to Lender any
<br /> amount neeessary to make up the deficiency in one or more payments as required by Lender.
<br /> Upan payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Bonower
<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 /> application as a credit against the sums secured by this Security Instrument. �
<br /> 3. Appliqrion of Payments. Unless applicable law p*ovides otherwise.all payments received by Lender under
<br /> paragraphs 1 and 2 shall be applied:first,to late charges due under the Note;cecond,to prerTyment charges due under the
<br /> Note;third,to amounts payablt under paragraph 2;fourth,to interest due;and last,to principal due.
<br /> 4. Charges; Liens. Borrower shall pay all taxes,assessments,charges,fines and impositions attributable to the
<br /> Properiy which may attain priority_over this Security Instrument, and leasehold payments or ground rents, if any.
<br /> Bonower shall pay these obligations in the manner provided in paragraph 2,or if not paid in that manner,Borrower shall
<br /> pay them on time directly to the person owed payment.Borrower shall promptly furnish to Lender all notices of amounts
<br /> to be paid under this paragraph. If Bonower makes these payments directly. Borrower shall promptly furnish to I.ender
<br /> � receipu evidencing tht payments.
<br /> Borrower shall promptly discharge any lien which has priority over this Security +Instrument unless Borrower:(a) �
<br /> A�IOC�tltlYt�a�:Q:{!�'o����t�C:���t j=�u=���`�ii,�Vi lilr JIEIf j�!S I�IO[IIICI i1{:I:C�I'atV1C tV LC1It1Cf�(Oj CUIILCSIS IiI gW(1 -�:..-.. -�
<br /> faith the lien by,or defends against enforcement of the lien in,legal proceedings which in the Lender's opinion operate to
<br /> pr�vent the enforcement of the lien or forfeiture of any part of the Property;or(c)secures from the holder of ihe lien an
<br /> agreement satisfactory to Lender sut�ordinating the lien to this Security Instrument. lf Lender determines that any part of
<br /> tlie Property is subject to a iien which may attain priority over this Secunty Instrument, Lender may give Honower 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 natice. •
<br /> S. Huard Insurance. Barrower shall keep the improvements now existing or hereafter erected on the Property £
<br /> insnred against loss by fire,hazards included within the term"extended 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 requires. The
<br /> insurana carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be ;
<br /> unreasonabty withheld. ;
<br /> All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause. F
<br /> Lender sha7D have the right to hald the policies and renewals. lf Lender requires,Borrower shall promptly give to Lender
<br /> all receipts of paid premiums and renewal notices.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 promptly by Borrower. ���-
<br /> Unless Lender and Borrower otherwise agree in writing,insurance proceeds shall be applied to restoration or repair � '� .
<br /> of the Propeny 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 /> appliod to the sunns 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 Lznder that the insurance carrier has
<br /> offered to settle a claim,then I.ender may collect the insurance proceeds.Lender may use the proceeds to repair or restore
<br /> the Property or to pay sums secured by this Sacurity Instrument.whether or not then due.The 30-day period wil) begin
<br /> when the notice is given.
<br /> Unless Lender and Bonotve�otherwise agrec in wsiting,any application of pra;eeds tu principal shall not eatend or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments. If
<br /> under paragraph 19 the Property is acquired by i.ender,Borrower's nght 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;Naintenance ot Property;Leaseholds. Borrower shall not destroy,damage or substantially
<br /> change the Propeny. a11ow the Property to deteriorate or commit waste. If this Secunty Instrument is on a leasehold,
<br /> Bortower shall comply with the provisions of'the lease.and if$orrower acquires fee title to�he Property,the lea�ehold and :-- -_--
<br /> ; fee title shall not merge unless Lender agrees to the merger in writing. �
<br /> 7. P'rotection ot Lender's Rights in the Property; Mortgage Insurance. If Borrower fails to perform thc
<br /> covenants and agreements contained in this Security lnstrument.or there is a legal proceeding that may sign�ficantly affect
<br /> Lender's rights in the Property (such as a praceeding in bankruptcy, probate, for condemnation nt to enforce laws or
<br /> regulations).then Lendet may do and pay for whate�•er is necessary to protect the value of the Property and Lender's rightc
<br /> in the Property. Lender's actions may include paying any sum� secured by a l�en aMch ha� pnority over th�s Secunty �
<br /> � tnsttument.appearing in court,paying reasonable attorncyc feea and entenng on the Property to makc rcpa�rc. Although
<br /> Lender may take act�on under this paragraph 7.�nder dc�es not have to do«. �t
<br /> Any amounts d�sbursed by Lendet under thi5 paragraph 7 shall becc�me add!t�unal debt�f Bormwer�ecuted h3 th�s
<br /> Security Instrument. Unlecs Bortower nnd!_cnder ap,ree to othcr terms c�f p�ymcnt.these amounts�hall bear interest from �'
<br /> the date of ditibursemenl at the IVutc r.�tc and �hall be pay�ble. �vith intere�t, uptm n�tice fmm l.crider tc� H��rm�ver ,��i
<br /> reque.s�ng payme�d �,a a
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