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<br /> U:�IFaRM COt'��t�tvTS. Borrower and�.er.der covenant and agree as t'oltnas:
<br /> 1. Psy�aeat of Priecipal and Teteres�Prepsyment and Late C�tuges. Borrower shail prnmptly pay when du�
<br /> the prineipa3 of and interest on the debt evfdenced 6y tlu::tti'ut:and any prepayment ond late charges due uniter the Note.
<br /> 2: Fu�d�for 7'axes w►$3nsatance. Subjec�3�a=.�,�bie law or to a written�r•aiver by Le��der,Horrower shall pay
<br /> � � to Lencisr an the day monthl��.�:�s�ats are d�:°undec the Note,uatil the Note is paid in full,�sum("Funds")equat to
<br /> onrtwdith of: (3) yeariy taxes and assessttssr�i4 which may attain prinr�ty aver this Security Instrument; (b) yearly
<br /> -- lesschold payments oi ground rents on the Praperty. if any; (c) yearly hazard insurance Qremiums; and (d) yearlv
<br /> mort�g�insurance praniums,if any.These items are called"escrow items"Lender may estimate ihe Fu�nds due Un the
<br /> basis a8v�asT�t date and reasor.Rbk estimates of future escrow items.
<br /> . 'I��:LFt�.ut'is.s�s�?1 i�e held�rt an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br /> state ag����tr°.'.�`ts:ltru;�Le�der i�'Lendzr is such an institutionj.,Lertr'.i:r sE�all apply the Funds to pay the�.srrow items.
<br /> � Lendtr mxy.na3;�..�e for holding ahd agplying the Funds�analszin�the account or vetifying the acraw items,untess
<br /> Leit3�.p'rys Barrovrer interat on the Funds and applicable law pera�•its Y.ender Yo make such a charge. Sorrower and
<br /> J. Lea�it�,msy agree in writing that interest sball be pai�on the Funds. Unless an agreement is made or applicable law
<br /> requiics interest to be paid. Lender shal!noi 6e requireci to pay Borrower any interest or earnings on the Funds.Lender
<br />— sha11�ve to Borrawer.without charge.an as�r,izal accounting of the Funds showing credits and debits to the Funds and the
<br /> purpose for which each debit to the�unds was made.The Funds are pledged as addirional security for the sums secured by
<br /> � ihisSecurity InsWment.
<br /> � Ii'the amount of the Funds held by Lender,togtther�►rith the future monthly payments of Funds payable prior to
<br /> � �� the dae dates of tRe escrow itcros.shall exc.eed the am�wni cequired to pay the escrow items when dne,the excess shall be,
<br /> ' at Bonower's option,either promptly repaid to Borrower or credited to Borrower on monthly payments c�f Funds. If the
<br /> '- " amount of the Funds held by Lender is not sufficient to pay th�escmw items when due,Borrower shall pay to i.ender any
<br /> • amount nxessary to make up ths deficiency in one or more payments as c�quired by Lender.
<br /> tlpon payment in full of aID sums secured by this 8�urity Instrurnent,Lender shall prompily refund to Borrower
<br /> arcy Fu�*hetd by LendeT. If under paragraph 19 the Prapr�ty is sold or acqaired b��Lender,Lender shall apply,no later
<br /> than im�..�iately priar to the sale af the Property or its ac�uisition by Lender,any Funds held by Ixndee at the time of
<br /> — applicatian as a credit against the sums secured by this Security tnstrumeut.
<br /> 3�. Appliestion of Payments. Unless applicable law p*ovides otherwise,all payment�aecrived by Lender under
<br /> paragr�tas 1 and 2 shall be applied:first,to late charges due nnder the Nflte;second,ta prepayment charg�due under the
<br />- -� Not�t:Tsir�,to amounts payable under paragraph 2;fourth,w interes4 due;and last,to principal due.
<br /> � 4�t�rge�f.teas. Barrower shall pay all taxes,assessments,charges.fines and impositions attrisutable to the
<br />- properG��fiie!� ir',xg attain priority,over this Security Instrumecst,.�.z�d teasehold payments or gcoand rents, if�►y.
<br /> BorroR-e,r�E=.all pay�these obligations in the manner provided in para�c��h 2,or if not paid in tkat manner,Borrower sl��
<br /> -- pay tlic��:�time directly to the person owed payment.Borrflwer shall promptty furnish to LetEder all notice�os amounts �
<br /> to be��.�.�under this paragraph.If Borrower makes these payments directly.Borrower shall promptly farxr.�T�to Lender
<br /> recsipts evidencing the payments. � � '
<br /> Borrower shall promptly discharge any lien which�as priority over this Security Instr�c�e:�t unless Borrower:(a) .
<br /> agrees in writing to the payment of the,obligation secured by the lien in a manner acceptable to f�x.nder;(b)contests in good . _
<br /> faith th.e tien by,or defends against enforcement of the 1i�^;a,legal proceedings which in the Lender's opinion operate to
<br /> , preve�t Ltc�enforcement oF the lien or forfeiture of any gl�,��.csP the Property;or(c)secures from the holder of the lien an . _
<br /> agreea�¢satisfactory to Lender subordinating the lien ta 2's�is Security Instrument.If Lender determines that any part of -
<br /> the Progeriy is suL*;�t to a lien which may sttai�priarity over this S:turity Instrument, Ixnder may give Borrower a -__
<br /> notice idtntifying t�:�(ien.Borrower shaU satisf�, the lien or take on�o�:nare of the acti�ns set ferth above within l0 d��-s .
<br /> of the�Jing of noti�:e.
<br /> 5. Hazard Iesuranee. Borrower shall keep the i���i?rovements now existing or herca:�er erected on the Property �
<br /> insuro�a3ainst loss by fire.hazards included within the:�"extended coverage"and any othe:hazards far rrhich�.ender
<br /> requ'sres insurance. This insurance shall be raintained in the amounts and for the periods �:[,at Lendes requires. The
<br /> insurance carrier providing the insurance sitWT':be chosen by Borrower subject to Lender's e;pr�val wnic�shall noi be �
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<br /> unrcasonably withheld. � •
<br /> ' �A:l insurance palicies an�renewals shall be acce�table to Lender and sh�ll inelude a standard mL�*�.gage clause.
<br /> ; Lender����aU have the right to�:�r�the pnlicies and rene��.:ls.If Lender requires.T;:�rrower shall pramptly L��e to Lender
<br /> � all recei�ts of'pai�rt�'emiums and renewal notices.In the e�ent of los�,Borrower shall give prompt notice to:hb insnra.•>>a:
<br /> c:trrier and Lendre.�xnder may make proof of loss if not made prorr.ptC�r by Horrower. ' �`
<br /> Unless Lender and Borrower otherwise agrec in�.rting,insurance proceeds shall be applied to restoration or repzir �. '� �
<br /> t of'ilie I�coperty damaged.if thc restoratian or repair i��:��nomically feasible and Lender's sccurity is not[�ssened. if the
<br /> restorar:on or repair is not economically feasible or Le���r's security would be lessened,the insurancc��G�rr��eds shall be
<br /> applied to the sums secured by this 5ecurity tnstrume:.t,whether or not then due,with any excess paid ta Borrower.li'
<br /> Borrower abandons.che Property,or dces rt�c�nswer within 30 days a notice fram Lendec ti�::t cl�e insurance carrier hac
<br /> offered to settle acl:�:m.then Lcnder may ca!fect the inserance proceeds.l.ender may use the l�r��:eds to repair or restcrre
<br /> — the Pr.uE+w-ty or Co pay sums se�:.�ted by this Security In�t.cnment,whether or not then due. T�'°30tiday p�ri,:�will begin
<br /> whesi f[c:�xatice is�;.�.en.
<br />� . � Unless I.e����,�_�and Borrawer olhentisc agree in writing,any z�plicstian of proceeds tn�rincepal sha�i not extend^*
<br /> � postpone the due di:��.oPihe monthly paycccc;.:4s referred ta in para�ra��'.�s 1 �nd 2 or change th�arnnunt o�the paymrnt�..F�'
<br /> under paragrnph S�the Property is acquired by Lender�Borrower's right to any insurance po:1u:�s and prdeeeds resutAin�
<br /> from damage to the Property prior ta the acquisition shall pass to Lender t�the extent of the sums securcu f��this 5ecurity �
<br /> Instrurnent immediatety prior to the acquisition.
<br /> �� 6. Preser�atton and Mainteaance ot Property;Leasehotds. Borrower shull not destray,damage or substantially
<br /> change the Propetty,allow the Property to deteriurate ar commit waste. 1P this 5ecurity lr:�c��mcnt is an a Ieasehold. _
<br /> Borrower shall comply with the provisions osthe le�se.and if Barr�wer acyuires fee title to the?roperty,the leasehold and • '--- -
<br /> fee title shall noi mcrge untess lx�ider agrees to the merger in writing.
<br /> 7. Prottction ot Lender's Right� in the Property; Mortgage lnsuientr�, if Borrawer fails �:o perforn� ihe ,
<br /> � cnvtnants and agreements contnined in this Serurity Instrument,��r there ts a tegai proceeding that rnay signiFcantly atiect ;
<br />- -- - i,en�ei s rigircs in the Pra�rty(sueh as a pren;e�cvfirg�n i�inkiuYicy. pc8bate. Ec�r c��drrns�alic��ar to�f�rrx las:�s ur ; _
<br /> �"' . regulatians),then l.ender may dU and pa}r For whatever is necr.�ssary tnprotect the value c�f the Property and i.ender's rights
<br /> in the Pruperty. Lender's actions may includr paying any sums secureci by a lien whirh has pricyrity uver this Seeurity 7�
<br /> L Inatromtnt.appearing in court,paying teaso»able aunrneys fees and entenng nn the Pruperty tv�T�ake repairs.Although
<br /> � Lerider rtiQy lake�ctiun under lhis parograph 7.Lender daes n�t h�ve to do so. �
<br /> Any amnunts disbursed by Lcnder under th�s p�ragraph 7 shall hec�m:addtuonai debt of Nrrmwcr�ecurcd hy thts " �
<br /> Secnrity In�trumrnt.Unless Fi�rrnKCr and l.ender aRree Iv veher�etm�oF p:eyment,thesc amo:�ntc ShaEi heat�nterest from �,p�
<br /> the v�te E�f dishuiscment at the '�Utc rate and �hall bc p3yablr, �r�th u»erest. u,nn n��t�cc fmm I ender tu T)nrnnrcr �u�y�
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