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<br /> � 90-�10.0979
<br /> UtvtFaRM CovEtv�Nrs. Borrowtr and Lendu covenant aa�d agree as follows: .
<br /> � !. lhya�et of Prindptl�ad Letera�Prep�ymeat aad Lte C9sa�ea. Borrower shall promptly pay when due
<br /> the principal of and interest on the debt�videnced by the Note and any prepaymenc and tate charga due under the Note.
<br /> 2. I�luada tor?u�s aad ImusancG Subjxt to ap�licable 1*w or to a written waiver by Lender.Borrower shdl pay
<br /> ta d:eadu on tht day moaih{y paym�tts ar�due unda the Note.until the Note is paid in fult.a s�rm("Fund�')equal to
<br /> oae-twetRb of: (a�j.yeuly taxes and assessments which may att�in priority over this Security Instrument; (b)yeuiy
<br /> �axbo2d payments or ground rtnts on the Propetty, if any; (c} yearly huard insurance premiums; and (d)yearly
<br /> mortysse�nsuraaa premitun�,if any.'These ittms ue called'•escrow i¢ans."I.ender may atimate the Funds dus on the
<br /> � brsis of current dats and re�onabk estimata of future escrow items.
<br /> ?6e Fuads sbsll be betd in�n institutian the deposiu ur accaunu of which are insured er guuanteed by a federal ar �
<br /> - ����Y C��luding Leadtr if Ltndu is suGh an institution).Lmder sh�U apply the Funds to pay the escrow items.
<br /> Leadct msy nos chuge for holding and applying the Funds.analy�g the account or verifying the escrow etems�unless
<br /> I�enda pays BarraWer inten:at on the Fnnds and applicable!aw permits Lertdu to malce such a chuge. Borrower and
<br /> Laider may a�ree in ariting that interat shill be p�id on thr Fu:cds. Unless �n agreement is made or applicable Iaw
<br /> roquires inurest w be paid.I.ender s1�l1�nt be required to pay Hoirower any intsrest or eamiugs an the Funds.Lender
<br /> ihall�ive to Borm�vu,without c�harge,an a�nuaJ�unting of�z Funds sho�ng credits nnd debits to the Funds u�d the
<br /> purpose for which each debit 3o a�e Fw�.t Aas madG�z�FEmds 3re piadged as additionaf security for the sums secured by
<br /> th�Se�ctssity Instrumen�
<br /> If the unouni o�the F�nds held b��.rader,tagether with tbe future monthty paymrnts of Funds payable paQa tio
<br /> : f�t 3ue dates af the aetow items,sAall eacae�the amount requirad to psy the acrow iteirss when due,the eacas sha➢fl b�
<br /> i:�orrower's option,either pmmptly re�x;d to Bors�Aar or croditod to Borrower on monthly psynsents of Fnnds.If the
<br /> � am�a�nt of the Fuads held by Lender is naz s�en�2��ay the escrow items when due.Bosower shall pay to Lender any
<br /> arno�t necasary to make up the deficiency;n one or��re psyments as required by I.eader. .
<br /> Upoa paytaent in fulf of all sums�vred by tbis Security Instrument.Lender shall promptly refund to Bara��zr
<br /> any Funds hetd by Lender.If under parag�ph 19 the Property is s�lsl or acquired by Lender,Lender shall apply,n��S
<br /> thaa immedis3�prior to the sale of the Property or ita acquisition by Lender,any F�nds held by Lendu as s�z timt�t
<br /> applicaZi�n as a rsedit agains2 thz aums secured by tlus Saurity Instrument.
<br />� � Aplii�taan�f�s�e�b. Ualess applicable Isw pravides aiherwis�all psyments received b�i.a7dr�s����r
<br /> parastaplis f ta�2 shs1l be applied:6nt,sa tste chuga due under ths NatG second.to prep�yment chasges due un3ea r,kr
<br /> Not�third,to�ounts paysble under pz�ph 2;fourth.to itttarsz�ue;and lut,to principal dua
<br /> 1� C7�LNu. Borrowes shal sp�y aU taxss.ttsasr�=ats,chuga,flna and impositions attributable to the
<br /> Pr�y �rhicb msy atuin pri�a.-Ity,av�tIsis Secu�ay Hs�ttrumeat. and leasehold psyments or groua�d i�nts, if sny.
<br /> Bomowet stfsll p�y thae ob2is,t�i�ms in tht�ntr pto��d�d in pangrsPh 2.or if not paid in that m�nneF,F�nctowcr shaU ,
<br /> psy tbem on timt dirxtty to the petton o��payment.Banower shdl promptly fumish to I.ender aU notices af am�a�rss ��
<br /> to be paid undes tbis pan�raph.If Borro�res m�lces thae paymeni�directly.Barrower shall promptty fumish to L�:er
<br /> reaipv evlda�cin�the ptyments.
<br /> BorroNer shall prompsly discharge uiy lien which lw priarlty over thit Security Instrument unless Borrower:(a}
<br /> yreain w►ritin�to t�e p�yment of the obli�ation secured by the lien in s manner acceptable to I.ender.(b)contests in good �
<br /> fdth ths lisn by,or defend�s�lntt enforcerneat of the lirn in,te�al proceediap which in the Lender's opinion operasc to . ,�
<br /> prevent ths enforcement of the lien or forfeiture of any part of t6e Praperty;or(o)�ures from the holder of the lien an • �. -
<br /> � yr+xta�ent udsfictory to L e a der aubordia�*ang the lirn to this Securiay Instrument.IiLendu determines thst any part of ;�
<br /> t?�e Property is subject to a lien which rr:sy sthin priority over this Secwity Inatrument, Leader msy give Balrower s
<br /> notix identifylnj the lien.Borao��r�r ahs71 a�d�fy the licr�mz take one or more of�L'�e actions act forth above witbin 10 dsys '�
<br /> ofthepvin�oPnotice.
<br /> S• Hmrd 1Awr�ece. Bonaw��1h�lf keep the irLpsov�nrs�.3s noa existing or herafter erected on the Prapeecy '��
<br /> insw+ed apin�t late by flre�huuds incl�Jed within the terc�'•ezse��ad covera�e"u�d my other h�urds far which Lender
<br /> requira imurutce. Thi�insurance�hall be n►sintained in the a�ounts and for the periods th�t I.ender roquira. The
<br /> inwranc�e prrier providing t�ineurance shaU be chaxn by Bonower eubject�Lender'a approval whish sha11 not be '
<br /> unnatonably withhdd.
<br /> A11 inwrarx�e policies and renewats ahali be acceptable to Y+mder and�hall include a atandard mortga�e clause. �
<br /> Lender�haU htve the ci�ht ta hold the poiioia and renewala.If Lender requira,Bonower sh�ll promptly�ive to Lender
<br /> all raxipts of paid prtmiur,�.��r�renawal notices.In the event of lou,Borrower sh�ll�ive prompi notice to the insurance
<br /> csrrietand�.ender.Lrnder raa��m�lce proofof losa iinot made prompUy by Aorrower.
<br /> tJnleu Lender and Borrower othenvlse��ra in writin��insur�nce proceeds eh�ll be ipplied to re�toration or repair
<br /> of the Property daar�aed�if the re�Wrati�a mr rep�ir Is economicalty feasible and Lendes's sesurity li not leuened.I6 ef�e
<br /> ratontion or reqa2 is not economicafJy ffsazibte or Lender'4 aec�e� would be lessened,the i��urance procceds afi�llQ�r
<br /> spptied to the aums socared by this Securicp Inatrument.wheths�crs not then due�with any ex�as paid t�Barrowes. If
<br /> Borrower abandon�the Yropesay,ot does not answer within 30 days s notice from I.ender thst the insu�-s.c carrier h�s
<br /> - oR'erod to aettle s ebim,ther P��er may coltect thr ins:rance proceeds.Lender may use the procecds to s�eis or rat�re
<br /> the Property or to��+anm�sxured by t�s Secudty lnstrument,whether ar not then due.�'r?r►.30-ds3�,�sriod will be��s
<br /> Mhen the notice i�&vrn.
<br /> Ualeu Lea:,�s�nd Borta�ver oil:ec�rese�gree in writing,asy��plication of proceeds tm 9rincipel s�:s;"aot extrr.�l ar
<br /> patpone the dve dau oPthe�tbly p�y*.�r.:ts referred to in ptra�phs 1 and 2 or changa the a;�ount cr 3E�:psymcnts.Jf
<br /> — under puajraph 19 the prope^y i�tcq�t by Lender.Borrowes•a sight to Any insurance��:cies and procreds resuJiing
<br /> lrom dams�e to t�:�'roperty prior to t1 e ac::�sisition ahsll pus to Ze:rder to the extent of the��y^rs sscured by this SecW�r,:�
<br /> + In�trumrnt immsd-ately prior to the u�t,:�:�::5on, `°_�--
<br /> 6. Pnrrrr�don�nd Mdetee�n�e�tProperf�Leau6oldi. Borrowershsq not datray,damsge or substantss�::y
<br /> � i oIunge the Property.allaw the Property to deteriorate or commit wa�te. lf this Security Instrument is on a lcasehotd,
<br /> _ Borrower ah�ll comply with the provisions of the lease,end if Borrowes acqulres fee title to the Propeny,the lasehotd and
<br /> fa titkshall not mer�e unlas Lender igrecs ta the mer�er in writing
<br /> , 7. Ptot�ctlon ot Lender's At�ts dn the Proqerty; Mort�e Inrurance. if &ys:�3wer fails to perform the �
<br /> covenantt and�jramenta containcd in this Sesurity lnstrument�ar there Is s leg�l proceeding t:;at may signiflcantly effect '�
<br /> L Lender'e r�ht�in the Propetty(such as �proceeding in bankruptcy,probue,for condemnatis�n or to enforce laws or ��:
<br /> re�ulatior�s)�tbrn Lender miy do and psy for whatever is necessary to protect the vs)ue of the Proy�er�y rin�,l,rnder's rights �
<br /> in the Praperty. Lender's act�ons mry iRClude paying any sums secured by a lirn which h�s�,^rantj! o��rr this Securiry r•
<br /> Inftrummt,apparing in court.psying rasonsble ettomeys'fees and entering on the Properr��f�y m�1��:-rpairs.Although ���
<br /> _ ' Lender msy take action under this paragreph�,Lender dcxs not have ta dar so.
<br /> Any amounts disburaed by Lender under this per�gtaph 7 sha116ecome edditional debr oc i�c�-�a�es securcd by th�s ���
<br /> � � ��� Securiiy Instrurnent.Unless Botrower and Lender agra to other tetms of paymrnt.thtse amovr.:s s:;a�3 fxar inttrest from � �
<br /> �`� ths date of disbunemem et the Note rate and shalt be payable. witb interest, upon ndtire f'rn:n Lendrr tv Harrowrr
<br /> � 4 ��1� rcquesting payment
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