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<br /> UNIFORM COVEiYA?�iTS- B61lOVVCts�d}`ut.Ttder�venant and agree as foltows:
<br /> 1. Payo�ent ot Principal�Int4rest;Prepa3�nt and Late Charges. Borrowec shall pramptly pay when due
<br /> the principal of and intaat on the debt evid�r�ced by t�se,�ote and any preFayment and latecharges due under tthe Note.
<br /> 2. Fuads fos Taxes and testvertcE. Subyect ec��pplicabl�la�v or to a written waiver by Lender,Bono�ver shall pay
<br /> � to I.ender on die day mamhly payrrenis are dLe�.,.c.^'�r�ib�e Kote,ur.til the Note is paid in fuli,a sum("Funds')equal to
<br /> onrtwelfth of: (a)yearly taxes as�d assessrraer.is �vb,i;cF..may attain priority over this Security InStrument; (b) yearly
<br /> leasehold payments o�ground ret�u oz the F�a�:n;-;if any; (f) yearty hazard insurance premiums; and (dj yearly
<br /> mortgage insurance premiums,.if any.T[zese zter�s a�e calted"escrow items."Lender may estima:e the Funds due an the
<br /> basis of cuneni data and reasonable esiirn3tes of fu2te.*e escrow items.
<br /> Tha Funds shall be Otetd ir�an institutit��ttu3 d:posits or accounts of which are insured or.guaranteed by a fedesal or ,
<br /> state agency (including Lender if I.rndxr is svch srz is:tite�tion). Lender shall apply the Fnnds to pay the escrow items.
<br /> Lender may not eharge for holdting an�apg�yira�:�:.��ds,analyzing the account or verifying tlte escr��uems,unless
<br /> Lender pays Banower interest on ttue Furda ar�t .���icable law permits Lender to make such a charge.�onower arsi
<br /> I.�nder may agee in writirag that ir�ttrest sh..3II b�.��id on the Funds. Unless ari agreem�,-��:w�ade or applicable t��:- � ,
<br /> requires inttrest ta be paid,Lend°.s staall�►o�be reyx��:ed to pay Borrawer any interest or ear�gs on the Fvnds.Len�:.r
<br /> shall give to Borrawer,withoua cisazge,a�a�a.;::�accounting of the Funds showing credits and debits�to th�Funds and the '
<br /> � purpose for v�rhich each debit to the Fu:^.r',s u��s rr.ade.The Fands are pledged as additional security for the sums secured by
<br /> this Securify Instrurnent. � �
<br /> If the amaunt of the Fu:..�s hr:Ia Uy'L�nder,together with the future monthty payments of Funds payable prior to
<br /> the due dates of the escravr ittrc,s.sf��+�e.ed the amount required W pay the escrow items s�L�s due,the excess shall be,
<br /> at Borrower's option,either p.�:�t3y�,repaid to Borrower or credited to Borrosvst on monthte�ayments of Funds.If the
<br /> ' amount of the Fu?.r1s,hetu�ts�•fi�rm�r is not sesfftcient to�a�:he escrow items whe��u�Bonua�,shall pay ta Lender any
<br /> � amount necessar�.r.c.iaake c�k�re�'.�'icirstc}i::..one or�rc�^ayanents�sequired by Lender. '
<br /> , Upon ps��i.:�Fu'�a.r�i sua�se�.:r:d by tf��:��terity�ar:rument,Lender sha�pf+:�ptly re�'und to Banower
<br /> any�;.�;.ds held[s j�rtn��r��:r'�^,�:r para^�.:�t 9 the�r�'ty is solri or acquirc�by�.er.�r�L�nder shail apply,no later
<br /> t�ur.,.LL-.ediatety p�icz i�th��J.��of the Property or i�.�.:.+:�uisition by Lender,an;.�Fc:nds�eld by I.ender at the time os '
<br /> . ' a��,�:�.ti�as acred:�:a�tuinst��ms secured by this�es�.*ity.Instrument. ,
<br /> 3. Appl�Qao�uf Pa3a��'s. Unless applicable Iaw p*ov:des otherwis�all pa}:n�n;s received by Lender under ; , �
<br /> paragraphs 1 ard 2�hs�l be a�^"��:first,t�L:.ie charges due unde;e��,lote;second.to pre1,ayment charges due under tI��
<br />, No*.��i�i.rd,¢o�r•r�.ts pay2�Lei�Z3er p;�-W�ph 2;fourt�L.:o i:�te-��ue;and last>to princ:pa�due. �
<br /> 44. ��es. B��er shail pay all t�;zs,a�szs�:nznts.char�es,�z�and imp+asitions att..f7hwsa'�,��ao L�he .
<br /> Prog�r�V mtv��.�2ti �tta'� �:'���:ty,over this Security �nstrumer't, and Iea..�e�oi� pa�rneuis cr grc��t� rreN:ts, i�:ar!r.
<br /> Borro�er ai�at�p�k L•`:�se obligations in the manner provided in para,�aa�h 2,or if not paid in�'-k:t manner,Bonower sha'�i � �
<br /> pay them on tic.:e�..ctly to the person owEd payment.8orrower shaEl promptly fumish ta irec�cer all notices of amon�{� �
<br /> to be pai�D Gccder this paragraph.If Borrower makes these paymenu directly,Borrawer sball promptly furnish to Lender
<br /> receip&�evi��ncing the payments. ,
<br /> B�:rmwer shall promptty discharge any lien which has priority aver this Security Instrument unless Bonower:(a)
<br /> agrecs in wsiting to the payment of¢he abtigation secured by ttvs lien in a manner acceptable ta Ixnder;(b)cantests in good
<br /> faizh Ehe ii�n by,or defends against enforccment of the lien in,ltgal proceedings which in thP Lender's opinion aperate to ,
<br /> prevent t?u:enforcement of the lien or forfeiture of any part of the Property;�r(c)secures from the holder of'the lien an
<br /> agroetren!satisfactory to Lender subordinating the lien to this Security Instrument.Yf'Lender determines that�ny part of
<br /> the Pra��rty is subject to a lien which may attain priority over this Security l��strument, Lender rnay give 8onower a ,
<br /> nc,��.e i�;•.ntifying ihe lien.Borrower shal!satisPy the lien ar take one ar mare of'the actians set farth above within 10 doys =__
<br /> orth�:giving of notice. • >
<br /> S. H�rd Insurance. Bonower shall keep the improveme¢�ts now existing or hereafter eretted on the Property '
<br /> in�is�cd against tass by fire,hazards included within the term"extended coverage"and any other hazards far which l.ender
<br /> rcquires insuranre. This insu�^ce shall 6e maintuined in the amnunts and for the periods that Lender requires. The t
<br /> insurance carrier providing the insurance shall be chasen by Borro�ver subject to Lender's approval which shall not be
<br /> unrcasonably withheld. '
<br /> All insurance poticies and renewa:s�5��11 be acceptable to Lender and shall include a standard mortgage claa�x. �
<br /> Lender shall have the right to hotd the polici�s and renewals.Ii'I.ender requires,Borrower shall promptly give to Lender te:-';
<br /> . all ra�i�ts ospaid premium.g and renewal notices.In tt�:event of loss.Borrower shall give prompt notice to the insurance .
<br /> � carri��nd l,ender.Lender may make praof��f I�ss if not made promptly by Barmwer. �"�`
<br /> ' Unless I.enaer and Borrower othe�vri:�.�agree in writing,insurance prc�ceeds shap be applied to restoralion or repaar .�
<br /> of the Property damaged,if the restnration ar repair is e¢onnmically feasible and Lender's security is not lessened. if the
<br /> resta:��ivn or repair is not ec..�.7�:�r.�ically feasible ot Lendes's security would be lessened,the insurance proceeds shall be
<br /> applied to the sums secuted�i�!sas Security lnstrume:»,whether ar nat then due,with�ny excess paid to Horrower. lf
<br /> , Borrower abandons the Property,or dces nat unswer within 30 days a notice fram Lender that the insurnncc carricr ha�
<br /> i offered to setile a c�:.im,ihen I.ender may v���ect the insuranee praceeds.Lender may use the�r.oceeds to repair oi ress�rc
<br /> ; the Property or to pay sums secured by this Security Instrument,whether or nat then due.'�[°e 30-duy perivd will be�in��
<br /> whcn tht notice is given.
<br /> Unless txnder and$orrawer otherwise agree in writing.any application of praceeds ta principal shali not extend c�r ,
<br /> � posipone the dua dateof the monthly payments referred to in paragraphs 1 and 2 or change the amount nf the payments. lF
<br /> ' under paragraph !9�he t'roperty is acyuircci by Lender,Horrower's rigtit to any insuranre policies and proceeds resulting
<br /> , frotn damage to t�::Property prior to the acquisition shall pass to Lender to Ehe extent os the sums secured by this Seeurity
<br /> lnstrument immediately prior to the acquisition.
<br /> 6. Preservation and A1'ainienartce o!Property;D.easeholds. Dorrower yk.al)nnt destroy,darnag_ar substantially
<br /> L�i31:1��the Property,allow ths Property to deterio.r���vr commit waste. If t;:7g SCCUfity I11StiUlfiFtll IS OD a IC�SC}10�t�,
<br /> , Qr:r�wer shall comply with the provasio^�>.r,F,he lease,and if Harrower acyuirc�s fea r.•si�r��the Property,the leasehold and :-_-_----
<br /> �x titte shall noi merge unless Lender agr�:;�a the merger in wrilirc.
<br /> � 1. Protection af Lender's Rig.'�zs:a� the Pr��riy; Mort�sge lassJa_�s:. 1° �lorr�wer fails to perfarcro �'�e
<br /> ' c�s4�c-c�ants and agreements co�2��y:d in ffsis Security t�=c�,�ment,or there is a I���.:,procee�ing ihat may�:�niGcanQSl;��'e.;� ;
<br /> . �e.r�'w:r's rights in the Prnperc����s:aeh�►s a proeeed:�;���^bankruptcy, prabat:. for eond�r.�tiorr nr^.:�c�t`arce I�c:�•�.; � ,
<br /> � reguiatians�,then�.en�er map 6t�anci Fa,c;sr whatecez is rteeessary to prvtect t::e�a?ue ai:z:C�,_^�,ertyazc�irnc�er�rc:'.`c�
<br /> . in ihe Prarerty. l.ender's actians may i^!,"�dt paying any sums secured by a I:e:�whirh S��:s;.riarity vver this Sec;::?�;• 7
<br /> Instrument.appearing in c��urt.paying reas�nable�ttcrneys'fees and entering c•n she Pruperty to make�e�rairs. Althm�gh ��
<br /> L Lender may�ake action under thiv paragraph 7.Lender does nnt have to do cn
<br /> Any amc�ur�ts disbursrd by l,ender under this parugsaph 7 shall bece�me additiun�l debt of Uorrmr�cr secured by�his � '��
<br /> Security I�is�tumeut.l�nless Hnrrnwer i�nd I.ender agree tc�rnher terms af payment,these amounts shail hcar�ntrrcct from �
<br /> the date nf�isb�o�emcnt at Ihc Notc rate and thal! he payablc. wuh interest. upc�n noricr fmrn Lender te� l�urr���rcr y�;�
<br /> reyuestingpayment_ ;' �-
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