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<br /> UNIFORM CovENANTS. Bonower�nd l,ender covenunt and agree as follows:
<br /> r l. Pay�oent o!Principal�nd I�tterah,Prepaywent sad Late C6u�, BQrrower shall promptly pay when due
<br /> � the prinripal of and interest an the debt evidensad by the Note and any prepayment and late charges due under the Note.
<br /> �� 2. Fu�ds for Tup�d ln�u�ce. Subject to�nplica�hl�IAw or ta s wretten Ls�sie�er by Lcad.r,Barroacr shall pay
<br /> � to Lendar an the day trianthly paymrnts are due under the Nate, until the Note is paid in full,a sum(°'Funds")equal to
<br /> onatw�elRh oP: (a�yearJy taxes and assessments which may atuin priority over this Security Instrument; (b) yearly
<br /> leasehold payments or ground renu on t�o Property. if any; (c) yearly hazard insurance premiums; and (d) yearly
<br /> mort�nge insurance premiums,if any.These items ue caUed"escrow items."Lender may estimate the Funds due on the
<br /> basis of current data and re�sonable estim�tes of future es�:row items.
<br /> The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br /> stste agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the cscrow itetns.
<br /> Lender may not charge for holding and applying the Funds,analyzing the account or verifying the escrow items,unless
<br /> Lender p�ys Borrower interest on the Funds and applicable law permits Lender to make such a charga Borrower and
<br /> � ��t may agree in writir�g that interest shall be psid on the Funds. Unless an agreement is made or applisable law
<br /> requircs interest to be paid, Lender shall not be required to psiy Horrower any interest or eunings on the Funds.Lender
<br /> sliall give to Borrower,without charge.an annuul accounting of the Funds showing eredits and debiu to the Funds and the
<br /> puepose for which each debit to the Funds was made.The Funds are ptedged as additional security for the sums secured by
<br /> tlus Security Instrument.
<br /> If the amount of tha Funds held by Lender,together wlth the future monthly payments of Funds payable prior to
<br /> the due ducs oPthe escrow items,shall eaceed the ur�ount required to pay the escrow items when due,the eacsss shall be.
<br /> at Horro�ver's optian,either promptly repaid to Borrower or credited to Borrawer on monthly payments of Funds. lf the
<br /> amount of the Funds held by Lender is not sufRcient to pay the escrow items when due,Borrower shal!pay to Lender any
<br /> amount necastry to make up the de8ciency in one or more paymenu as required by Lender.
<br /> + Upon payment in tLll of all sums secured by this Security Instrument,Lender shall promptly refund to Borrower
<br /> ; any Funds held by Lrnder.If under puagaph 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,uny Funds held by Lender at the time of
<br /> application as a credit against the sums secured by this Secnrity Instrument.
<br /> 3. A�lieation of P.yeeea. Unless applicable law provides otherwise,all payments receivEd by Lender und�r
<br /> pangraphs 1 and 2 shall be applied:first,to late charges due under the Note;second.to prepayment chuges due under ihe �
<br /> NotC�d.to�mounts payable under paragraph 2;fourth,to interest due;and last,to principal due. �
<br /> 4• C�sr�Lie�. Horrower shsll pay sll taxes,assessments.charges,fina and impositions attributable to the �
<br /> Pmperty ahich may attain priority.aver this Secvrity Instrument, and leasehold payments or ground rrnts. if any. �
<br /> Homo�ver shaU pay these obligations in the manner provided in paragraph 2,or if not paid in that manner,Borrorver shaq
<br /> , �Y f.hem nn ti���iir.�re��j,�i t1�=���,��Fw�'s"ij�iaciai.�.,r,vwcr si,uuf;prvmpiiy iumish to"Len�tr al�notias ofamounts '
<br /> to be paid tu�der this puagraph.If Borrower malces these payments dirxtly,Horrower shall promptly furnish to Lender `� �
<br /> raxipts evidencing the psymenu.
<br /> Borro�ver shall promptly discbarge any lien whicb has priority over this Security Instrument nnless Borrower:(a) �
<br /> agees in�vriting to tLe payment of the obligativn securad by the lien in a manner acceptable to Lender;(b)contests in gaod � �
<br /> faith the lien by,or defeads againat enforcement of the lien in,legal praaedings which in the Lrnder's opinion operate to
<br /> prevent tbe eaforcement of the lien or forfeiture of any part of the Property;or(c)secures from the holder of the lien an �� �
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<br /> ageement satisfactory to Lender subordinaring the lirn to this Security Instruma��If Ltnder determines that any part of I�
<br /> tlee Property is subject to a lim which may attuin priority over this Security tnstrament, Lender may give Harrower a
<br /> notice identifyeng the lien.Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 dsys
<br /> of the giving of notice.
<br /> s• H�ard Inwrnnoe. Borrower shall kap the improvements now existing or hereatter erected on the Property �
<br /> insured aaainst loss by firc.haurds includod within the term'•extended wverage"and any other hazards far which Lender y
<br /> ` requira insurance. This insurana shall be maintained in the amounts and for the periods that Lender requira. The
<br /> . inwrance oatrier providing the insuranoe shall be chosen by Borrower subjxt to Lender•s approval whicb shall noi be '
<br /> � unrwonabfy w�ithheld. ;,�;;
<br /> ' Al1 insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause. `���'
<br /> Lender shall have tbe right to hold the policies and renawals. If I,ender requires,Borrower shall promptly give to Lender
<br /> a11 raxipts of paid prcmiums and renewal notioes.In the evrnt of loss,Borrower shall give prompt notia to the insurana
<br /> curier and I,ender.Lender msy make proof of loss if not made promptly by Borrower. �
<br /> Unlas Lender and Borrower otherwise agra in writing,insurance proceeds shall be applied to restoration or repair �
<br /> of the Property damaged,if tt�e restoration or repair is economically feasible and Lender's security is not lessened.If the
<br /> ratoration or repair is not economically fasible or I.ender's secwity would be lessened,the insurance proceeds shall be
<br /> , applied to the sums socured by this Socurity Instrument,whether or not then due. with any eacess paid to Borrower. lf
<br /> Bortower abu�dons the Property,or dors not answtr within 30 dsys a notice from Lender that the insurance carrier has
<br /> o�'erod to settle a claim,then Lender may collect the insurance procoeds.Lender may nse the proceods to repair or restore
<br /> ; the Pmperty or to pay sums socured by this Security Instrument,whether or not then due.The 30-day period witl begin
<br /> whm the notice is given.
<br /> Unless Lender and Borrower otherwise agra 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.lf
<br /> under patagraph 19 the Property is acqwred by Lender,Borrower'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 snms secured by this Security -- -- ---
<br /> Instrument immediatdy prior to the acquisition. ' �
<br /> 6. Preaer`iallon wd Mdnte�nce otProper�;I,easeyolds, Borrower shaU noi destroy,damage or substantially
<br /> change the Property, allow the Property to deteriorate or commit waste. If this 3ecurity Instrument is on a leaxhold,
<br /> Borrower shall comply with the provisions of the lease,and if Borrower acquires fa title to the Propeny.the leasehold and
<br /> fa titte shall not merge unless Le�der agrets to the merger ia writing.
<br /> 7. Protectton of Leeder's Ri�6ts in t6e Property; Mort�s�e Insurance. If Borrower fails to perform the ,�
<br /> covmaats and sgre,ements contained in this Sec�rity Instrument,or there is a legal proceeding that may sigoiflcantly affect �
<br /> ( Lender's righcs in the Property (such as a proceeding in bankruptcy. prob�te, for condemnation or to enforce laws or �
<br /> regulations),then Lender may do and pay for whatever is necessaty to prote¢t the value of the Property and Lendtr's rights in
<br /> - in the Propeny. Lender's actions may include paying any sums secured by a lien which has pnority over this Secunty cp
<br /> __. instrumrnt,appearing in conrt,paying reasonable attorneys'fees and entenng on the Propeny to make repa�rs. Although �it��
<br /> -- , Ir_nd:es may takt actian under this paragraph 7,Lcnder does not have to do so. ���.
<br /> Any amounts disbursed by Lender under this paragraph 7 shall bezome addit�onal debt of Bormwer secured by th�s ��
<br /> � Secunty Instrument. Unless E3orrower and Lender agtte to other terms of payment,these c�mount�chall hear interest from
<br /> -- the date of disbursement at the Note ratc and shaU tx payable. w�th inrere5t, upon notice frnm Lrnder ta Horrc�wtr
<br /> ,�cr teqursting paymcnt
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