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<br /> UNIFnRhiCOYF.NAN'i'S BorroweratidLendercovenantnndagreea�fopo���s: go-�-� 10044�
<br /> 1. PAyment of Principal And Interest; Preps�yment s�nd LAte Ch�rges. Borrower shall prun'ipQy� pa�• when due
<br /> the princi�al nf and interest on thc debt evidenced by the Note and any prepayment and late rhu�ges due under the Nate.
<br /> 2. Funds for Taxes And Insur�nee. Subject to applica�le law or to a���ritten waiver by l.ender,Borrowrr yhull pay
<br /> � to Lender nn the day monthly paynients are due under the Note. until the Note is paid in full, u sum("Funds"3 equAl to
<br /> onatwelfih of: (A) ��early taxe� and as�essments which may attain priarity over q�is Security lnstrumeni; (b) yearly
<br /> leasehold payments or g�aund rents an the Prapert}, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br /> mortgage insurance premiums,iP�ny 'These items are c�lled•'eccmw items." Lender may e�timate the fiunds due on�he
<br /> busis of current data and reasonable estimates of future escrow items.
<br /> The Funds shall6e held in an institution the deposits ar accounts of�vhich are insured or guaranteed by a federal or
<br /> state agency(including Lender ii'Lender is such an institution). Lender shall appiy the Funds to pay the escrow items.
<br /> Lender may not charge for holding and applying the Funds,analyzing the account or verify�ing the escrow items,unless
<br /> Lendar pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Bonower 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 intetest to be paid,Lender shal!not be required to pay Borrower any inter�t or earnings on the Funds. Lender
<br /> sha11 give to Borrower,without charge,an annual accounting of the Funds showing credits and debits to the Funds and the
<br /> purpose far which each debit to the Funds was made.The Funds are pledged as additional security for the sums secured by
<br /> this Security Instrument.
<br /> : IP the amount of the Funds held by Lender,together with the future monthly payments of Funds payable prior to
<br /> the due dates of the escrow items,shall exceed the amount required to pay the escrow items when due,the excess shall be,
<br /> at Borrower's option,either promptly repaid to Borrower or credited to Borrower on monthly payments af Funds. If the
<br /> amount of the Funds held by Lender is not suti'icient to pay the escrow•items when due,Borrower shall pay to Lender any
<br /> amount necessary to make up the deficiency in one or more payments as reyuired by Lender.
<br /> Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower
<br /> any Funds held by Lender.lt'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 lnstrument.
<br /> . 3. ApplicaHon of Payments. Unless applicable law p*ovides othertvise,all payments received by L.ender under
<br /> paragraphs l and�shall be applied:first,to late charges due under the Note;second,ta prepayment charges due under ihe
<br /> Note;third.to amounts payable under paragraph 2;fourth,to interest due;and last,to principal due.
<br /> 4. Chargea;Liens. Borrower shall pay a11 taxes,assessments,charges,fines and impositions attributable to the
<br /> Property which may attain priority,over this Secu:ity Instrument, and leasehold payments or graund rents, if any.
<br /> Bonower sha11 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 shal)promptly furnish to Lender all notices of amounts
<br /> : to be paid under this paragraph. If Borrower makes these payments directly,Borrower shall promptly furnish to Lender .
<br /> receipts evidencing the payments. � ;
<br /> Bonower shall promptly discharge any lien which has priority over this Security Instrument unless Borrawer:(a) '
<br /> � �agrees in writing to the payment of the obligation secared by the lien in a manner acceptable to Lender;(b)contests in good �
<br /> faith the lien by,or defends against enforcement of the lien in,legal proceedings which in the Lender's opinion operate ta
<br /> prevent the enforcement of the lien ar forfeiture of any part of the Property;or(c)secures from the holder of the lien an -
<br /> agreement satisfactory to Lender subordinating the lien to this Security lnstrument.If Lender determines that any pan of -"=
<br /> the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a
<br /> notice identifying the lien.Bonower shall satisfy the lien or take one or more of the actions sct forth above within 10 days ; -
<br /> of the giving of notice. �
<br /> S. NsizArd Insurance. Bonower shall keep the improvements now existing or hereafter erected on the Property -
<br /> insured 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 amonnts and for the periods that Lender requires. The �
<br /> insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be
<br /> unreasonably withheld. `��_
<br /> A1) insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause. �
<br /> I.ender shall have the right to hold the policies and renewals. If Lender requires,Borr�wer shall promptly give to Lender
<br /> � all roceipts of paid premiums and renewal notices. In the event of loss.Borrower shall give prompt natice to the insurance ;:�
<br /> carrier and I.ender.Lendes 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 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 /> applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrower.If
<br /> Borrower abandons the Property,or @ces not answer within 30 days a notice from Lender that the insnrance carrier has
<br /> offered to settle a claim,then L.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 5ecurity Instrument.whether or not then due. The 30-day period will begin
<br /> when the notice is given.
<br /> Unless I.ender and Borrower otherwise agree in writing,any application af 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.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. Preservation and Maintenance of Property;Leaseholds. Borrower shall not 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 /> Borrower shall comply with the provisions ot'the lease,and if Borrower acquires fee title to the Property,the leasehold and `- -T --
<br /> fee title chal)not mergP nnlrsc i p��tpr ag��Lfl Lhe mesger:a x:itir,g. �
<br /> 7. Protection of Lender's Rights in the Property; Mortgage Insurance. If Borrower fails to perform the �
<br />- covenants and agreements contained in this Security Instrument,or there is a legal proceeding tha►may significantly alfect '
<br /> Lender's rights in the Property (such as a Droceeding in bankruptcy. probate. for condemna�;on or to enforce laws or
<br /> regulations),then Lender may do and pay for whatever is necessary to protect the��alue of the Property and Lender's rights
<br /> in the Property. Lender's actions may inelude paying any sums seeured by a lien which has priority over this Security ��
<br /> L Instrument,appearing in court,paying reasonable attorneys'fees and entering an the Property to make repairs. Although �
<br /> Lender may take action under this paragraph 7,Lender does not have to do so. a
<br /> Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower�ecured by this �
<br /> _ Security lnstrument.Unlc�s Borrower and l,ender agree to other terms of payment,thc�c amounts tihall Bear�nterest from ��f
<br /> the date of dicbiirsement at the Note rate and shall be payable, with interest, upon noticc from Lender to Nr�rrc�u•cr
<br /> = reyucsting payment. ' '`�
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