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<br /> UNl�'O�CM COVENA!vT'S. Borra�ver and Lnrsdtt cAVStiant a�d agrte es followsc •
<br /> r 1. Pt�t of Princi�r[aad Iat�Preaymtnt aa�Late Chs�c. Borrower shall promptty pay when due �
<br /> � the principsl of arsd interest on ttie dcbi evidenced b3i the Nute snd any prepayment and late charga due under the Not�.
<br /> y � Fu�c ior Ta:es a�Iasva�ee. Subject ro appticable law ur to a written waiver by Ltnder,Borrower shall pay
<br /> to I�et►der on the dsy rnantl�ly paym�u are due under ihe Note.until the Nate is paid in fitli.a sum("Funds")equai tn •
<br /> �t�vdRh of-(a}ytsrly taxes and �«�e�ts whirh may attairs priority over this Sxunry lnstrument; (b) yearty
<br /> ta�sehold psymenu or ground rtnts on the Property. ff any; Ecj yearly huzard insuranct premiums; and (d) ytarty
<br /> mmtpje insurtnce premivass.if any.These items ue csll�"escrow items."Lender may estimate the Fun�s due on thr
<br /> , b�sisofcurreatdats�nd re�tontbltestimuaoffuture�scroa items.
<br /> T6e Funds shaU 6e held in sn institutian the depasits or sccouats af which are insured or guarantad by a federaZ or
<br /> — aute tr�aKy►tinciudins I.ender if I.eader is suc�an institutian).Lender sball apgly the Funds to pay the acraw itams.
<br /> Lender mty not charae!or holding aad npplying tht Funds,uialyzing the acconat or verifying the acrow items.unless
<br /> - Lender p�ys Borrmva interest on tha Fnnds and applicabk law permits Lender to make sush a chasge. Bosrower and
<br /> Lender may sgrce in wrriting that interat sbsl!be paid on the Funds. Unkss an agramrnt is made or applicabte Daw
<br /> , raquira interat co be paid,Lender shall not he required ta ps�y Borrawer any interest or eamings an the Fuads.Lender
<br /> �hall sive W Borroxa.without charge,an annuai accounting of the Funds showing credits and debits to the Funds�ad the
<br /> : purpor.e for�vhich each debit to the Funds was mada The Funds ue pledged as additional security for the sums s�cm�9 by
<br /> this Secuiity Instruw�n�
<br /> . If the antaunt of th�Funds hetd by Leadtr.toget6er with the future manthty payments of Funds piyable prior to
<br /> � the due durs of the escra��is�ms.shall excaod the amount required to pay the escrow items when due,the eacas sh�ll be, •
<br /> at BoiroMe�s optian,eithec graQtptiy repaid to Barrower or credite�to Horrower on r�n_�thly paymenu of Funds.If tbe
<br /> � amount of the Fua�s hdd b7;�sfer ss not sufFcient to psy the escrow items when due,Barrower shall pay to Lender any
<br /> amauAt necasary to make�the dt�ciency in one ar more payments as required by Lendes.
<br /> Upoa payment in tv�:�of all sums secured by this Security Instnunact,Lender sha1J pro�.�g nfund to Borrower
<br /> any F�6etd by I.ed�er-If under puagsph l9 ths Property is sold or acquired by Lender.Ler.��r�trall ap�1y.no lster
<br /> than immrdiately prior t�tIte sife of'the Property or ids acquisition by Lender,any F�s held by Lasder at the time of
<br /> � � appGcation as a credit a,g�t the sums secured by this Securiry Eastrument.
<br /> 3. A�ii�tlo�oi��eusb. Unlas applic�ble law Gra�+ides otherwise.all gs�g�enu rueived by Lectda-under
<br />. parasriphs 1 arsd 2 shatI 6r�lied:Snt,to lue cbar6a due ander the NotC second,tu prepayment charges due under the . .
<br /> Not�tbird,to amounts pcy�L:e under paragnph Z;fourth,to intereat due;a�Gtat,to pr.�cipal due.
<br /> 4. Clrr�er I.kar. 19orroNa shaU psy aU wces.assessmmts�char�es.fines�a�;mpositlons attributable to the
<br /> PropeRy Mhich msy attiin priosity,aver this Security Instrununt, and I�seho2d �syra�nts or ground rents� if sny. .
<br /> Borro�ver thall p�y these obiigatians in the m�uuur provided in parsgrsph T,�r ef not paid in that muults.Borrower shstl ,
<br /> pay them on time directly e�the peraon owed payrccrc�.HorrAwer shall prm�s�Syr fumisb to Lender a]]'�otices of unounts
<br /> to 6e paid under tbis par�rapb.If Borrower nukes clzsse piymenta d'uec�I�..Bonower shall proz:�griY�furnuh to Lender
<br /> receipts evidancting the Qayments. ' �
<br /> Borroxa shaU promptly dischutt any lien ahich has gcia:;ty over this Security Instrum��t:u,,.�-1as Borrawer:(a)
<br /> a�raa in�ritia�co the pymtat of the obii�srion secured by the t€m in a a�r acceptable to Len�er,;'�)coatesw in good �_
<br /> fdth t�e lien by,ot def��s ssainst enforcemmt of the lien in,lepl proced�:�wbich in the Lender's cspinion operate to � -
<br /> prevent the enforceme�:af=he lirn ar forfeiture cG"uny put oPtbe 8roperty;�r(c)tecura from the hotder of the lien aa .
<br /> • a=ra�ent atisfictor���xnder subordir►atin�thr t;rn to thi9 Security Instrument.lf Lender determines that any put of
<br /> t6e propert�►is subjxt:a�lim which�sy s:'�;.�priority over this Security lnstru�•mc,Lender m�y give 8otroxer s
<br /> notice�des�rsf'�ir�the trer:.Borrower s�r�l aat:�3�e�e lien or uke one os more of the actians set forth above within 10 days
<br /> QEche�ivir.j a�'nocia. y
<br /> S. Hwrd I�risce. Bono�ver shali 4a�x the improvemenu nav��istin�or herafter err�tsd on the Property ;�;:: ��.
<br /> in�ur�ed apinst loss by��e,hazuds incJuded�rithin�he term'•extended covr,+iae"and�ny other hazards for whicb l.�der � ��'<�
<br /> roqu�ra intur�nce. This it+.surtnce sba116e maiatained in the amounu and for the per.flds that I.ender requir�. TUe ;�_
<br /> inwraace canier providinj the insurance shalt be chosen by BorroMer eubject to�.ender's tpproval which shili not be '•
<br /> unreasoaably kithl�eld.
<br /> All insuruice policia and renewals shall ix acseptable to I.ender ar:d ahall include a standard marigage clause. ��
<br /> I.ender shall have tfu ri�ht to hold the policia an��neMals.If L�tnder requira�Borrawer ehvl promptiy pve to Lendtr
<br />_ vl receipts otptid premiuns�nd renewa!notices.In the eveet�f tosa,Borrower shdl give prompt netice to the lnsurance
<br /> carrier and Lrnder.Lender msy mske proof uf loss if not nude�ramptly by Horro�er.
<br /> Untas l,cnder and Borroxer otherwist sgra in Nsitin;,in�uranae proceeds shtll be tpplied to ratontion or rcpalr
<br /> of the Ptoperty dunasad,if the restantion or repair is ecorcomically fwible and Lender's aecurity is not lessened. If the
<br /> ratotation or repair is not tconomically fwible or Lender's sxutity would be lessened,the insursace proceed�shali be
<br /> applied to the aums recured by this Security lnstrummt,whether or not thtn due.witfi�ny exces3 p�id to Barrower. If
<br /> -��� HorroMer�bandon�the Property.or does not antrver withia 30 diys a notice from Lendre thu the insurance c�rrier has
<br /> — o�ered to settk a elum,thrn Lender mty collect tht insurance proceed�.L.ender may use the proceed�to rep�ir or restore
<br /> t6t Property or to p�y sums eocured by this Security Instrument,whether or not then due.The 30�dsy period will be�in
<br /> when the notice is=iven.
<br /> Unless Lender;nd Borrower other�vise a�ree in�ritin�,�ny�pplication of proceeds to principa!shaU not eatend or
<br /> patpone tite due date of the tnonlhly p�yetrents refsrred to in�aragaphs 1 and 2 or ch�nge the amount of the p�yments.If
<br /> �' under put�raph 19 the Prape,tty is uquirec!by Lender�Borsower's right to any insUrince policirs�nd procceds resvJting
<br /> �re from dam��e to the Property prior to the uquisition shall pas�to Lertder to the extent of the sums secured by this 5ecnrity
<br /> Instrument immedi�tety priar to the acquisition. ``�-��� `
<br /> � 6 Pr�atbn a�Mv�tewee ot Yso�erd,Leartfiold�. Borrower shall not destroy.dam�ge or substantiaUy �
<br /> chatite the Propetty.alloM the Property to deterior�te oa commit waste. 1t this 5ecurity lnstrument is on a lasehold,
<br /> Borrower�haU comply with the provisions otthe leasr,and if BorPOwer aequires fee title to thc Propeny.the Iasehold and
<br /> � tet titk�11 eoe merRe unks�Lentkr tEsea to the rrur�etr in�rritin�. �
<br /> . 7. Prot�etior o!Le�der's Nt�ta te t�+e Prooerty; Mortp�e Insur�nce. If Bprrower fails to perform the
<br /> =1�� coveetants�nd ajreement�conturted in this Stcurity lnstrument.ar there�s a teg�l proceeding that tn�y significantty affect �
<br /> � j i.rnder's ri�fts irf the PrOperty(such as� proeeMing in bankruptcy, prob�te.tor condemn�tion or to enforce laws or
<br /> L. tejulatiorff).then Lrndev tn�y do�nd psy for wh�tever is necessary to protect the value of th:Property and Lender's ri6bts �
<br /> � in the Property.Lertder'e act�ons msy include p�ying�ny sums seeuted by a lien which has pnonty vver this Secur�ty ��,.,
<br /> Irtstrument.appearina in court.psy�ng rasonable a�ttorneys'fees snd entenng on the Property ta rnakr repairs Although ���
<br /> ; t.tnder m�y tike actinn unQer th�s p�ngrap}o T,Lendrr Qoes not have to do so.
<br /> Any�mauat9 d�sburstd by i,tndet undcr thas priagraph 7 sh�ll becc�me add�tcunal debt�i Borrnwer sernred by ch�s -'"
<br /> 5ecurity instrumen� Unlas iic€�rrc,wer and I.cnder agree toother terms of payment.these amnnn:s shall txas intereet frum '�' �
<br /> � tke dite of dtsburr�ment aQ the !Vntc rate and�hall be payablc. w�th mterest, ufion not�ee frnrn !er�der to Etorrc�wer
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