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<br /> �0-�- iQQ34"�
<br /> UNIFORM CovEN�NTS. Borrower and Lender covenant And agree as follows:
<br /> � 1. Psy�ent ol PNncip�l u�d Interest;Prtpay�eet and l.�te Charats. Hortower shali promplly pay when dur
<br /> the principal of and interest on the debt evidenced by thc Note and any prepayment and Iate charges due under the Note.
<br /> � F_.�aq sr.�.w�.��t�,,..�.,�� c,=►.�.z.'�=rF!i��f.���fl=to s r.�ritt-n t�aiver hy Ltnder.Eorrower shsli pay
<br /> ta Lender on the day monthly payments are due under the Note,until the Note is paid in full,a sum("Funds")equal to
<br /> one-twelRh of: (a}�yearly taxes and assessments which may attain priority over this Security Jnstrument; (b) yesrly
<br /> leasehold psyments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br /> mortgage inswance premiums.if any.These items are called'•escrow items."Lender may estimate the Funds due on the
<br /> basis of curreat da�u snd reasonable estimates of future escrow 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 /> state agrncy(iacludiag Lender if Lender is such an institutioa), l.ender shall apply the Funds to pay the escrow items.
<br /> Lender may not charge for holding and applying the Funds,analyzing the account or verifying the escrow items,unless
<br /> Ltnder psys Borrowtr interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br /> ; Lender msy agree in writing that interest shall bc paid on the Funds. Unless an agrament is made or applicable law
<br /> requires interest to be paid,Lender shall not be required to pay Borrower any interest or esrnings on the Funds. Lender
<br /> ahall give to Horrower,without chuge,an annusl accounting of the Funds showing crulits 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 by
<br /> this Sxwity 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 thc escrow items,shall exceed the amount required to pay the escrow items when due.the excess shall be.
<br /> st Borrower's option,either promptly repaid to Horrower or credited to Horrower on monthly payments of Funds. If the
<br /> ; �mount of the Funds held by Lender is not sufficient to pay the escrow items when due,Borrower shall pay to Lender any
<br /> unount necessary to make up the deflciency in one or more payments as required by Lender.
<br /> Upon payment in fuU of all sums secured by this Secwity lnstrument,Lender shall promptly refund to Bonower
<br /> tny Funds held by Lender.If under paragriph 19 the Property is sald or acquired by Lender.Lender shall apply.no later
<br /> than immediately prior to the salo 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. Applicadon of Paymenb. Unless applicable law provides otherwise,all payments received by Lender under
<br /> puxgraphs 1 and 2 shall be applied:first,to late chsrges due under the Note;second.to prepayrcient charga due under the
<br /> Note;third�to amounts payable under�ngraph 2;fourth,to interest due;and lut,to principal due.
<br /> 4. Gbarga;I.t�as. Borrower shall pay all taaes,assessments�charges,flnes and impositions attributable to the ' �
<br /> Property ahich may attain priority,over this Secnrity Instrnment, and leasehold paymenu or ground rents. if any. < �
<br /> _ Borm�ver shall pay these Obliftstions ia the manner nrovided in piaragraoh 2,or if not oaid in th�t mannerj Bnrrnwer ehall �
<br /> them on time directl to the paym p p y � -°"�
<br /> P�Y y person owod ent.Borrower shall rom tl furnish to Ltnder all notias of amounts r .�.�,
<br /> to be p�id under this paragrs�ph.If Borrower makes thesc paymenu directly,Borrower shall promptly furnish to Lender � __
<br /> raxipts evideacing the psymenu. � '�-
<br /> �arrower s,�aU promptiy discharge any Iien which has priority over tbis Security Instrument unless Borrower:(a) =
<br /> aareas in writing to the payment of the obligadon securod by the lirn in a manner acceptable to Lender;(b)contests in good � �
<br /> fiith the lien by,or defrnds against enforcement of the lien in,legal proceedings which in the Lender's opinion operate to --a
<br /> prevent the enforcement of the lim or forfeiture of any part of the Property;or(c)secures from the holder of the lien ar� ;,'
<br /> agrament satisfsictory to Lender subordinating the lien to this Secwity Instrument.If Lender determines that any part of ��
<br /> tho Property is subject to a lien which may attain priority over this Socarity Instrnment. Lender may give Barrower a
<br /> notice identifying the lien.Borrower shaU 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. Harard Iasuranca Bonower shall kap the improvements now existing or hereafter erxted on the Property
<br /> insur+�d ssainst loss by fire,hazards included within the term•'extended coveragd'and any other hazards for which Lender
<br /> requira insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The .
<br /> inswance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not bc
<br /> unrasonibly withheld.
<br /> All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause. ��.�
<br /> Lender shall h:ve the sight to hold the policies and renewals.If Lender requira,Borrower shall promptly give to I.ender � �
<br /> all reaipts of paid premiums and renewal notices.In the event of loss,Bonower shall give prompt notice to the insurance �
<br /> carrier and Lender.Lender may make proof of loss if not made promptly by Bonower. • �
<br /> Un1GSS Lender and BonoNer otherwise agra in writiag,insurasce proceeds sha11 be apptied to ratoration 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 /> natontion or�`epair is not economically feasible or Lender's security would be lessened,the insurance procads shall be
<br /> applied to the sums socured by this Saurity Instrument,whethcr or not then due,with any excess paid to Borrower. If
<br /> Borrrnver abandons the Property,or does not answer within 30 days a notice from Lender that the insurance carrier has
<br /> affered to seitie a claim,thtn Lender may collect the insurance proceeds.Lender may use the procads to repair or restore
<br /> the Property or to�ay sums sxured by this Socurity Instrument,whether or not then due. The 30�day period will begin
<br /> when the notice is given.
<br /> Unless Lender and Borrower otherwise agra in ariting,any application of procads to principal shal)not extend or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or changc the amount of the payments.If
<br /> under paragraph l9 the Property is acquired 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 sums secured by this Security
<br /> Instrument immediately prior to the acquisition. �-- ---
<br /> 6. Presenatton�nd Maintenance of Proper�;Lestissehalda. Borrower shall noi 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 /> Bortower shap comply with the provisions of the lease.and if$orrower acquires fee title to the Property,the leasehold and
<br /> �ec iiite snajj not merge uniess i.ender agrees to thc merger m wnting. (
<br /> 7. Pratsction ot I.ender'a Rights fn the Property; Mortg�ge insunnce. If Borrower fails to perform the �
<br /> covenants and agreements contained in this.Security Instrument.or ther�is a legal proceeding that may significantly affect �0
<br /> � Lendet's rights in the Propetty (such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws or
<br /> regulations).then I.ender may do and pay for whatcver is necessary to protect the value of the Property and Lender's rights
<br /> in the Property. Lender's ac�ions may include paying any sums secured by a lien which has priority over th�s Secunty �
<br /> Inatrument,appearing in court,paying reasonable attorneys'fees and er�ttring on the Property to makc rcpa�rs. Althoagh ���
<br /> Lender may take action under this paragraph 7,Lcnder does not have to do so.
<br /> Any amounts disburstd by Lender under this patagraph 7 shall become addat�onal ciebt�f Borrower secured by this • •
<br /> Secunty Instrumont Unless Borrower and Lrnder agree to otner terms of payment.thesc amountti shai I bear interest from " '"
<br /> the date of disbursement at �he Note rate bnd shal) be payable, w�th interest, upon not�ce fr�m Lender to Aorrc�wer
<br /> requestmg payment
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