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<br /> UNIFORM COYEIVAKTS. Borrower and�.ender covenant and agree as follows: ' '
<br /> . 1. P�ymeat of PriACiy�l and Intere.s4;Prepsytncnt and Late L'harge�. Borrower shall promptiy pay ahen�ue ,
<br /> the principal of and interest on!he debt evidanced by the I�fote and any p�epayment and late c6arges�iue under the Note.
<br /> � 2. Fc�nds for'!'9xes sind Iasuraace. Subject ta appiicable Iaw or ta a written waiver by Lender.8onower shaU pay
<br /> to Lender on tke day monthly payments are due under the 1Vote.unti!the;+Tote is paid in fult,a sum(•'Funds")equat to
<br /> _ r onaswelfth of (a)yearly �axc� and assessments whach may atta'sn priority over this�Security Instrumer�t; (b)yearly
<br /> — leasehold payments or ground �ents on the Property. i4'any; (�)yearly haEard insurance premiums; and (d) yearly
<br /> mortbtgt insurance premiams.if any.'These items are call�!•'escrow.items:'ten�er may estimatc the Funds due on the
<br /> basis ofcurrct�t data and raisoaable es�imatcs of future escsaw items. �
<br /> T4te Fands shall be hcld in an institution the deposits or acaaunts of which are insured or guaranteecl by a federai or
<br /> --� state agency�including beader if d.ender is such an iastituiion). Lender shall apply the Funds to pay the escrow items.
<br /> Lender may not cbarge for halding and applying the Funds,analyzing the account ar verifying the escrow items.unless
<br /> - Lender pays Bcyrrowec intezest on the Funds and applicxibte law permits LGnder to make such a charge.Borrower and
<br /> �.. L.cnder may agree in ariting that incerest shall be paid nn tke Funds. Unless an agrament is made ar applicable taw
<br />_ requiaes interest to be paid, T.ender shall not be required to pay Borrower any interest or eamings on the Funds.Lender
<br /> — shzU give to Borzowerf v�ithout chazge,an annual accdunting of the Funds showing credits and debits to tlte Funds and the
<br /> , purpose for which each debit to the Funds was made.The Fumds are pledged as additionai security for the sums securcd by
<br /> this Securiry Instrument. •
<br /> ff the amount of the Funds hetd by Lender,togetlier with t%�:fruture manthiy payments of Funds payable�rior to
<br /> � the_due dates of the escrow itetns.shall exrxed the atnouFZt require�to pay the escrow items when due,the eacess shaA b�e,
<br /> at$orrower's opt�on,either promptly repaid to Borra��*�r cred:.tsaf ifl Borraa��an monthly payments of Funds.If the ,
<br /> � amount of the Fk�ds hctd by Lender is not su}ficient to ga�the es�.�items cc����e.�crnz��er shall pay to Lender any
<br /> ` amount necessary to make up the deficiency in ane or r�e*e paytaersts as require��}Lend.r_
<br /> � Upon payment in fall of all.sums secured by this Security Instrument.L�:der shali Fromptly refuad to Horrower
<br /> aa?�Funds held by Lender. If under paragraph 19 the��erty is sold or acquir�by L.�nder,Lender shall apply.no later
<br /> , thar�:mmediately prior to�e sale of the Propepty ar it�acquisitio�by Lender,any Funds h�ld by Lender at the time of
<br /> - application as a credit against the sums sezured by this Security Iastruynent.
<br /> 3. Applicatioa of Paymeats. iJnless applicable law pravides otherwise,all paymeats received by Lender under
<br /> paragraphs 1 and 2 shall be applied:first,to late charges due under the Note;second,to prepayment charges due�nder the
<br /> -� � Note;lhird,tA ametmts paya6l«:+�e►der paragraph 2;fourth,to interest due;and 1�*:,to principal due.
<br /> 4. C6arg�Lienv. �icnow�er shall pay alI taxes,assessments,charg�,�nes and impositions attributalsle to the
<br /> Property which m�y attain priority,over this Security Instrumen�,. and t�-e�:c:r� payr�erts or ground rents, if a.r=y. �,
<br /> Bc�nower sha1)�aw these obligations in the manner provided in par���h 2,cr i�*r:t p�id"sn ccat manner,Bonawer�Il � '
<br /> � pay them on time directly t�o the person owed payment.Borrower shall promptl�fceen:s?�to L�der all a�atices of amounts '
<br /> � to h�e,paid under this paragraph.If Bonower makes th�payments directly,Ban�wer sha(I promptiy fi�rnish to Lender
<br /> receipts evidencing the payrnents. � � '
<br /> � Bonower shall psomptly discharge any lien which has priority over this Security IttStrument unless Bonawer.(a) M. _'
<br /> � agrees in writin�to the payment of the obligation secnred by the lien in a manner acceptable to I,ender;(b)contests in good .. :
<br /> faith the lien by,or defends against enfarcement of the lien in,legal proceedings which in the Lender's opinion operate to
<br /> � prevent the enforcement of the ticn or forftiture of any part of the Yroperty;or(c)secures from the hotder of the lien an _
<br /> i agrcement satisfactory to Lender subordinating the lien to this Security Instrument.If Lender d$termines that any part of .
<br /> the�'roperty is subject to a lien which may attain priority over this 5ecurity instrument, Lender may give Barrow�r a
<br /> ! notice identil'ying the lien.Borrower shall satisfy the lien ar take ons�nr more of the actions set forth above within 10 days . �
<br /> j of the giving of notice. �
<br /> -- � � . 5. H�zs�rd Iasurance. Borrowet shaU keep the improvements nan!eaisting ar hereai'ter erected on tbe Property ,
<br /> ; insurrd against loss by fire,hazards included within ths:erm"extended covernge"and any other hazards Ccr which Lender
<br /> requires insurance. This insurance shall be maintained in the amounts and far the pericxJs that I.ender requires. The
<br /> . insurance carrier praviding tbe insurance shall be chosen by Horrower subject to Lendet's approval which shall not be
<br /> � unreasonably withheld. � -
<br /> � All insurance policies�nd renGwals shall be acceptable to Lender and shall include a standard moatgage clausc.
<br /> � Lerdcr sha11 have the right ta hold the policies and renewals.lP I.ender requires,Borrower shall promptly give to Lender
<br /> , a1)reeeipts of paid prerreiumsand renewa!noticeti.ln tht event of loss,Borrnwer shall give prompt notice to the insuranc�e ;
<br /> canier and Lercder.l.ender may make proof�f'loss if not made pres�ptly by Borrower.
<br /> Unless Le�^der and Borrower otnerwise agree in writing,ire�::rance proceeds shall be applied to restoration or repair ��
<br /> � of th�Propetty�amaged,if the restoration or repair is economica;Jy feasible and l.ender's security is not lessened. ]f the
<br /> restaration or repair is not .�onomically fe�asible or Ler:�er's secUrity would F�lessened.the insurance praceeds shall be
<br /> applied to the��-as secure�Es f this Security Instrum�^t,whether or not tF��cue,with any cxcess paid to Borrower. If
<br /> Borrower abarda�s the Prppe.rty.or daer:nni answer within 30 da;•�a notice f'rom Lender that the insurance carrier has
<br /> offered to settle a ziaim.then Lender rr�ay coltect the i�surance pr�ds.Lender may use the prviceeds to repair or re�tore
<br /> — the Property or to pay su�ns fr.cured by this Sscurity Instrument.whether or a�t thcn due.The 3Q-dsy period will t�egin
<br /> ' wf±ets the notice is given.
<br /> - � Unless LendeT and Horrower olhetwise agree ic�writing,any a�plicatien cf proceeds to principat shalt not extend c►r
<br />� ! postpone the�ie date af ihe m�nthty pa���cnta referred to in pzragraahs 1 and 2 ar change EFe amount of the payni�r,t�,!f
<br /> u�rdeQ par�gra;ia 19 the Proper�y is acquired hy Lender,Elorrox�er's cight to any insurance;�licies and proceeds resulii:g �
<br /> fr�are damags ta the Property pri�r to the acyuisition<_':aU pass ta Lender to the extent af th:��ms secure�by this Sec�rity �
<br /> ir::,tcvment immediately prior to the acquisition. ,
<br /> 6. Preserr�tion wnd Maintensnce o!Property;Leaseholds. Burruwer shall not destroy,damagc nr substantially
<br /> _� ch�nge the Property, allow Ihe Property to deteriorate or commit waste. if this Secur."t., Instrument is on a leasehald,
<br />_-- Horrower shall camply with the provisions oPthelease,and if 8orrower acquires fee titfe to the Property,the leasehold and �--=-'-_
<br /> — � fee title sh�ll not merge unless Lender agrees to the merger in writing.
<br /> 7. Pratection ot Leeder's Ripjhts ie the Property; Atortgstge tnsacanrce. if Borrower fails tn perfnrm the �
<br /> covenants and agreements eontained in this Seeurity lnstrurrtent,or there is a:�°i�al proceeding that may signifirantly a:i'ec^ '
<br /> � - i.rrtuc;'�ti�i�iy is,t.e€ra�r�y(suc1� es a �,rr�:.ezdiag in�Saakr�ytcy. preshatc. fvt�z�snnuliUn c�r tc: 6nfc�rce ls�.�.��
<br /> regul2ttibns).then I.endet may e!n and pay for whatever is rtecessary ta protect thc value e�f the Praperty and I.ender s rz:,�_;:s; �
<br /> - in thc Praperty. Lender's actions may iaclude paying any sums srcured by a lien which has pn�riry over this 5eeurity �
<br /> � � tnstrument.appearing in cc�utt.paying rea��uable attorney�'fees.�nd entering c�u the Prnpetty tc�roakc repairs. Although �
<br /> Lcnder m�y take acticm un�irr lhis paragraph 7.I,ender does nvt have tv do s�.
<br /> Any arnoiinl5 disbttistd by Lender untier th�c paragraph 7 stiall t�ecc�me addiu�mal debt of H��rnnver�ecured bv this �
<br /> 5ccurily Insirument.Unless gnrrc�wer ant)Lcudcr agrce tc�nther tcrrns nPpaymertt,thcc�ame,ants shall h:�r inicrest f'rum �
<br /> ti�r date nf di�:butscntrnt .�t the Ni�te rate and tihall he pa}�abfe. «•ith intereSt, upun nc�t�cc.fmm Lct��ler t+► f�ltifl�\YNT IA�
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