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<br /> � UNIF0t��1A COYENAN7S. $Oii�WEt�ttd L�AdCf COt�mant and agree as follows: �(��.
<br /> • 1. Piy�eat ot Priaclpl ud Inta+es�P[+ep��►a�R�ad t.�te G'bar�es. Bonower slfaIl promptiy p�y.��'4�en due •
<br /> the principal of and interest on thc debt euidt�Grd b�+2he l�inie and atny prepayment and Iate charg�s duz under titc Notc.
<br /> < Z, Fa�tor Tues�Iwraece. Sub,}cct t�applicabfelaw or to a written waiver by I.endBr,Borros�er shall pay
<br /> � w Ler�der on the day manthly psym�nts s�re due onder tht Nnte,unril the Nate is paid in full.a sw»{�•Funds")equa!to
<br /> onatwelRh of:�(a)yearfy taxes and asssessmcnts which may attnin priority over this Security Instrument; (ba yearly
<br /> kasehold pay�rients`or ground rents az�the Froperty. if any; (c) yeatly hazard insurance premium�; and(d} yeariy
<br /> mortgage insurance pnmium�,if sm_►,T�ese items are e�Ilt�"cscrow itetns"Lcmder may estimate the Fuads due on tit�
<br /> basis of cu.rrmt daia aati re�on�blccsiimates of future escrow atem.�.
<br /> The Funda ghe��be b�dd fn an inctitution the degoiftsos aceounts af.a�hich are insurec!or guarantced by a fe�erai�:,.
<br /> atate agen��inciudinB Lender if Lrndcr is sucb an institution).Lendes shall apply the Funds to pay the esczn+�.items.
<br /> � Lmder maS�nsrt ci�mrgo for hokting and�pptyin�theFnnds,�nalyzing the accaunt or verifying the escrow itams,;unless
<br /> � Lendrr pays HarroRCr int�rst an tha Fands a�nd spptim►blc law permits Lender co make sucb a charge. Borrower and
<br /> – I.en�er msy agroe in writ�n8 that interest si�sll be paiQ an the Funds. Unless an agramsmt�i�:nA�ie or applicable faw
<br /> roquires interest to 6e paid,Lrnder shall no3 be r�uit�d to pay Bonower any interest or earning;t�n the Fuads.Lender
<br /> shall git��to�onower,withont eh�rge,an annus�l�unt�nE pf the Fandc showing credits and debits to the Funds and the
<br /> purpose far,xh�ch each ddrit to the l�and5 wasmade.Tht Fund�are plodged as additian�l secarity for the sums secured by
<br /> this5ecurity�tnatrvment. '
<br /> If the aatount Mtha Funds hcid by Lendcr,together�rith tho�uture monthly payments of Funds payable prior to
<br /> . the due dates of ths escrow:t�shall eaceed the amour►t�rorduired to pay.il�e escrow items when due,the eacess shall be�
<br /> at Borrawea's ogtion,either.prornptl��repxid to Borrower or�enrlited to Borrowa on monthly payments of FansLc.If the
<br /> amount ottb�Furtds held hy I.�tir.r it+nat:saffccient to pay tk;escrow ittms when due,Borrower shall pay to Lesuier any
<br /> amount n�sa.nf Eo make up aha de�rmn�y.:n one or more payments as required by Lender.
<br /> Up�p�ymeat in full af a11 sum��secare��by this Security Instrument,L,ender shali p:omptly refund to Borrowar
<br /> any�unsi�h�ci by Lcrt��.If un�tz:par3grnpb�9 the PropP.,rty is sold er acquired by Leader,Lender shall apply,no later
<br /> than imm�rliateiy paor�fo xhs sa3�o�,the Praperty or its acqnisition by Lendcr,any Funds held by Lender at the time of
<br /> ' applicatioa�a eredit agairist tbESUUis�se�cured by this Sa�ritjr.Instrument.
<br /> 3. �gUc�lioa of Psyn�eata: Unless apglicable!aw pravides otherwise,all paycnents received by Lender under
<br /> paragraphs I and 2 sballb:applied:first,to Iatc charges due under the Note;second,to prepayment charges due under the
<br /> � Note;third.to amauntsga.vable under paragraph 2;fourih,to interest due;and last,to principal dne.
<br /> 4. (asar�es;Lie� Borrowes sba2}pay all taxes,a«s�ents,charges,fiues and impasitions attributable to the
<br /> • Property a�hi�ch may attain priorit}* aver this Security Instnuaent, and leasehold paymtnts or ground rent�9 if any.
<br /> ' Horrower sh�!4 pay these obligation�ua the manner provided in�ragraph 2,or if not paid in that manner,BomsRer shall � `
<br /> pay them on time directly to the pe�owed payraen�Borra�er shall promptly furnish to Lender all norices of amounts '
<br /> t+a be paid under this paragraph.If Bertower m�:es these payments direcily,Bonower shall prcraptIy furnish to I.ender
<br /> ceceipts evidencing the payments. , , '
<br /> Borcawer shall promptly disc�s�cge any lien ahieh has priority over this Securie��-Instrument unless Eam�wer:(a) � .
<br /> agces in wri�ing to the payment of thr obligation secured hy the tien in a manner acceptable to Lender,(b)cont�.s�in good
<br /> faith the lien by.or defends against enforcement of the lien in,legal proccedings which in the Lender's opinion operate to
<br /> prevent the enforcement bf the lien or fort'eiture of any part of the Property;or(c)secnres from the holder of the lien an �
<br /> agreement satisfactory t.�T✓�ndcr subordinating the lien to this Security Ins�euraent.If Lender determines that any part of -
<br /> the Property is subject to a lien which may attain priority over this Secu�ity Instrument� Lender may give Borrower a � '�'=
<br /> notice idcntifying the lien.Harrower shall satisfy the lien or take ane or rnore af the actiuns set forth above within 10 days �—
<br /> ' of the giving of noticc. �� �
<br /> 5. Hazasd Inswanct. Borrower shaq keep the improvements no�n�isting or hereaftcr erected on the Froperty ;
<br /> i�r;red against loss by fire,hazards included wit�tiu t:ize term"extended ca�:c�;�e"and any other ha:.ards fnr which Lender
<br /> rtquires insurance. This insurance s'�all be maintained in the amounts and for t�se pe:iods that 1Lender reqrz�res. The '`�
<br /> insurance c�rier providing the in.�,.��;,e shaU be chosen by IIanower subje;,t to I.�d:�.;'s approval which s?a.3.11 not be s•
<br /> unrrasanaGly pvithheld. �
<br /> ' All insurance policies and ranewals shall be acceptable to Lender�nd shall include a standard mottgage clause. �
<br /> ' Lender shall have the rik}�.2 to hold the policies and renewals. If Lender re,�aires,Borrower shall promptly give to Lender . �'�" �
<br /> all receipts of paid prrrr.:�.::�s and r��wal notices.In the event of'loss,Horr�;wer shall give prompt notice to the i�surance �
<br /> ' carrier and I.ender.Lender may mw�;e�roof of loss if not made promptly by Borrowe;. �
<br /> Unless Lender and Barrower otherwise agree in writing,insurance proceeds�Il:.11'be applied to restoration or rep�ir �
<br /> of the Property damagecl,if Ehe restoration or re�air is economically feasiate and Lender's security is noi lessened.If the �
<br /> restoration or repair is not economically feasible or I.ender's security wauli�be lessened,the insuFars�::proceeds shall be
<br /> upplied to the sums secured by this Security in�trt:ment, whetB.c�ar no2 tl�en due,wistt�ny exc�.�.�aid to Borrower. If �
<br /> BorroR�;r a�ir,�dons the Property,ar does not answer withln 34 days a notice i'rom E.�a-idez thzt thc iasurance�a.rricr has
<br /> offe�ed to sctxU�a claim.then Lender cnay collect the insurance proceeds.Lender may a�.he praa-�:ds to repair or restore
<br /> the Propertg or to pay sums secured by this Secutity lnstrument.whether oc not then due. The 3fl�tay period wiH begin
<br /> when the nosice is giver�.
<br /> Unt�s Lertder ar,d Borrower otherwise agree in writing.any applis;:!t�n oi'procer..ds to principal shall not extend or
<br /> postpone the due date of'the manihly payments referred to in parAgraphs 1 and 2 or cl�anLe the amaunt oFthe payrnents.1P
<br />' � under pzra�raph 19 the Property is acquired by l.ender,Borrower's right to any:n��xranv�rolicies and proceeds resulting
<br /> ; from daata�t:�Co the Property prior to ihe acquisition shai!pass to Lender ta the exter.t of she sums sc�:ared by this Security
<br /> Instrumertt irnmediately prior to the acquisition.
<br /> 6. F:eservatlon and Maietenance ot Property,;Leaseholds. Barrawer shal!nvt destray,damage or substantially
<br /> change the l�toperty, allow the Property to deteriarate or commit waste. lf th±s Security Instrument is nn t�I��ehold,
<br /> — Bonowershali romply with the provisionsof the lease.and if Borrower acquires fee tide to the Praperty,the le�sclzold and -� ` --
<br /> Pec title shat}not merge unle5s Lender agrees to the merger in writing. '
<br /> ?. Prot�ction of Lender's REghta in the Property; Mortg�ge Insurance. If Borrower faits to perform the '
<br /> covenants and agreements contained in this 5ecurity lnstrument.or there is a lega)proceeding that may signifirantly affect � •
<br /> __ . • Lender s sights in the Ptopettp (such as a Qroceedinst in.6ankrupt,cy, nmhate� fnr cotte�emn:�unn or tr�enfnne h►ws or +.
<br /> � regulatinns),then Lender may doand pay for whatever is necessary tu protect the value of the Property and Lender's rights
<br /> ' in the Prdperry. Lender s actions may inciude paying any sums securecl by a lien which h�s pri��rity aver this 5ecurity �
<br /> – � lnstrument,appearing in court.paying reasonable attorneys Pees and entcring an the Pre�per�y u�make repairs.Ahhough �
<br /> LeRder m�y take�rtion unsler this parugsaph 7,L,ender daes not ha�e to do s��.
<br /> Any amounts disbarsed by Lender under this pasagroph 7 shal!become:�dditic�nal debt c�f Horrc�wer secured by Ihi� `�'
<br /> Security Instrument.Unless Ebrrawer and 1.ender agree to other terms of payment,these amounts sh�ll bear�rttrrr�t frnm r,�p
<br /> the date of disbursement at �hr Nutr rate and shall t►e payable, with interest. upam nutice fr�.m I.ender t�� HE�rroti�er ��
<br /> _ reqt�est'tflg payment �'
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