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<br /> � GNIFORM COVENANTS. Borrowerand Lender covenant'and agre�as follows: �O�O11G Y t7
<br /> � t. Paymeat ot Prtncipal a�td Interest;Prtpaymeet an�I.ate Gharges. Bonower shal!promptly pay when dne
<br /> the principal of and interest on the debc evidenced by the Nate and any prepayneent and late charges due under the Note. '
<br /> 2. Faads tor Taxes and Insurauce. Subject to applicable Inw or to a written waiver by Lender.Borrawer shall pay ,
<br /> � to Lender on the�ay monthly payrstents are due under the Note,until the Note is paid in full,a sam("Fnnds")equa}to
<br /> one-tweIS'th of (a) yearly taxes and assessments which may attain priorsty over this Securit}r Instrument; �b) yearly
<br /> [easehold payments or groun3 renu on the Property, if any; (c)yearly hazard insutance premiums; and (d) yearly
<br /> mortgage insurance premiums,if any.Theseatems are called`•escrow items."Lender may estifuate the Funds due un the ,
<br /> basis of curcent data and reasonable atimates of furure escrow items.
<br /> The Funds shall be held in an institutien the deposits or accounts of which are insured or guaranteed by a federal er
<br /> state agency(including Lender if Ixnder is such an institution). Lender shall appIy the Funds to pay the escrow items.
<br /> _ I�er►der may not charge for ho2ding and appIying the Funds,anatyzing the account or verifying the escrow items,nniess
<br /> Lender pays Borrower interest on tAe Funds and applicable law perrnits Lende:to make such a charge. Borrower and
<br /> — Lender may agree in writing that interest shal! be paid on the Funds. Unless an agreemenE is made or applicable law
<br /> requires ir�terest to tse puid,Lender 9ha11 not be required to pay Borrower any interest or earnings on the Funds.Lender
<br /> shall give tci Horrower,without charge,an annusl accounting of the Funds shawing credits and debits to the Funds and the
<br /> purpose for which each debit to the Funds was made.The Funds are pledged as additional security for the snms secured by
<br /> this Sccuriry Instrument.
<br /> < If the amount of the Funds held by Lender,together with the future monthly payments of Funds payable F—i.c to
<br /> � . the due dates of the escrow items.shaU exceed the amount requirac�ta pay the escrow items when due,the excess a��be,
<br /> at Borrower's option,either promptly repaid to Borrower or credited to Bar�:uer on monthly payments of Fun�w-:.�f the '
<br /> , amount of'the Funds hefd by Lender is not su�cient to pay the escrow items�a�_en due,Borrower shall pay 3o Len��E s.1,
<br /> amount necessary to make up the deficiencq in one or more payments as requir�d by i.eader. .
<br /> Upon payment in fnll of all surr�s secured by this Security Instrument. Ixnder shall pramptly refund to Bo�rs�ier �
<br /> any Funds held by I.ender.If under par�.�aph 19 the Praperty is sold or acquired by Lender,Lender shall apply,no�ater
<br /> than immediately prior to the sale of'the Property or its acquisition by Lender,any Funds held by Lender at the time of
<br /> application as a credit against the sums secured by this Security Instrument.
<br /> 3, Applicshon of Payments. Unless applicable!aw p*ovides othera-ise,all payments received by Lender under
<br /> paragraghs!and 2 shall be apptied:�H to late charges due under the Note;second,to prepayment charges due under the
<br /> � Note;third,to arn►ounts payable under�sragraph 2;fourth,to interest due;and last,to principal due.
<br /> 4. C6arges;Liens. EdTfOR�F��all pay all taxes,assessments.charges,fines and impositions attributable to�he
<br /> Pr��e�ty which may attaia ��ority,c;er this Security Instrument, aed leas�hold payments or ground rents, if any. : �.
<br /> BerrLwer shal)pay these o6Cigations in tLe manner provided in paragraph 2,or if not paid in that manner,Borrower shall ° ;.
<br /> pay ihem on titne directly to the persar r��,d payment. Bonower shall promptly furnish to Lender all notices of a�e�nts
<br /> � to be paid under�his paragaph.If Borrower makes th�e payments directly.�arrower shnit pramptly furnish to�eader '
<br /> rece�pis evidencing the payments. � .
<br /> Borruwer shall promptly discharge any lien which has priority over tI:i�Security Instrument ur.?ess Borrower:(a)
<br /> agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good
<br /> faith the iien by,or defends against enforcement of the lien in,legal proceedings which in the Lender's opinion operate to .
<br /> prevent the enforcement of'the Jien or forfeiture of any part of the Property;or(c)secures from the holdcr of the lien an -�
<br /> agreement satisfactory to Lender subordinating the lien to this Sec�nty Instrument.If Lender determines that any part of � . -
<br /> the Propeny is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrawer a • �
<br /> notice identifying the lien.Borrower shall satisfy the lien ar take one or more of the actions set fonh above within 10 days �
<br /> � of the giving of notiee.
<br /> S. H�ard Tinsarznce. Borroa•�er shall keep the improveESS�nts now existing or hereafter erected on the Propeny
<br /> insured against loss by fire,hazards included within the term"eater,�ed coverage"and any osR�-er hazard+;'or which Lender
<br /> requires insurance. This insurance shall be maintained in the amounts and =:r the periods that I,e.:__r requires. The
<br /> insurance carrier providing the insuranee shall be chosen by Borrower suhje�r ro Lender's approval which shall not be
<br /> . unreasonably withheld. ' �
<br /> Ap i�surance policies attd renewals shall be acceptable te•L�nder and shall include a standard mortgage cIause. !�=-
<br /> Lender shall have the right to hold the policies and renewals.If fJ�-aer requires,0orrower shall promptly give to Lender �
<br /> alt receipts of paid premiums:»ad renewal notices.In ttre ev.nr.of l ass,Borrower shafl give prompi notice to the insurance ��'
<br /> _ c�rr:'•er ared I.ender.Lender cn��make proof'of loss if r.oz rna�e�rc�-pdy by Borrower. � 's
<br /> Unless Lender and&J:rower other,�ise agree in writing.ins arance praceeds shall be applied to restoration or repair
<br /> of the Property damaged,if the restoration or repair is economicz.li;�feasible and Lender's security is na�t lessened.9f the
<br /> restoration or repair is nat economically fcasible or Lender's sec�r:ty would be lessened, the insurance proceeds shall be
<br /> applied to the sums secured t��this Security Instrument,whether or not then due, with any excess paid to Borrawer. lf
<br /> Borrowcr abandons the Property.or dces not answer within 30 days a notice from Lender that the insueance carrier has
<br /> oSeted to settle a claim,then Lender may collect the insurance proceeds.I.ender muy use the procecds to repait'or re5tor:
<br /> the Property or to p�y sums secured by this Securiry InstrumeM,��Izi;chcr or not then duc.The 30�day periad wi�Siaagin�
<br /> when the notice is given.
<br /> Unless Lender and Borcou•er otl�erwise agree in writing,any application of pra:eeds to principal l�iiull nat extend or
<br /> postpone the due date of the u-���nc�zty fas�rnents referred to in paragraph!:1 and 2 or change the amount of the paymcnis.lf
<br /> � under paragrs�ph 19 the Prapeny is ac��uired by lxnder,Borrawer's risht ta any insurance policies and proceeds resulting
<br /> from damage to the Property prior to tc�:��quisition shal)pass to C,cc�der ta the extent of the sums secured by this 5ecurity
<br /> lnstrument immediatcly prior to theacquisition.
<br /> 6. Preservation and Malntenance of Property;Leasehalds. E3orrotv�r shull ni�t drstroy,damage or suhstantially
<br /> ` change the Property,allow the Property to dereriorate ar commit waste. if thiti Security lnstrument is on a Icasehold. _ -=_
<br /> Borrpwer shall comp(}+with the pravisions ot'the lease.and if Horrower acquires fee title tn the Property,the leusctiofd�nd �
<br /> fee title shall not merge unfess Lender agrces to the merger in writing.
<br /> � 7. Protection o1 Leeder's Rights in the Property; Mortgagr Insurance. IP Horrower fails to perform the
<br /> covenants and agreements cnntained in this 5erurity lnstrument,or�hcre iti a le�al prucecding that may signific:�ntJy afFect ,
<br /> - - - Lertcier t rights in the Property (such as a prcxeedin�in bartkruptey. prabate, for condemn;oti,�n or to enforce laws or � -
<br /> regulations),then Lender may dn and pay for whatever is necessary to protect the value of the Pr��p�rty and Lender's rights •�
<br /> in the Prc�perty. l,ender's actions m�y include paying any sums secured by a tien ��•hirh ha� prinrity ��ver thiti 5crurily �
<br /> � � Instrument,appearing in court,paying reason�ble attorneys'Pees and cntering�n the f'ri�per�y In m:ike repairc. Althou�h �
<br /> Lendcr may take actian undcr Ihis paragraph 7'.Lrndcr docs rcnt havr tv da sn. �
<br /> �- Any amnunts dtsbursed by Lender under thiti paragraph 7 sh�ll becume;additumal debt��f Hurrau•er�:ecured by t hi� ti
<br /> 5erunty liistrumrnt.U�iless Nnrmwer an�i Lender ugree ti�c�thrr terms c�f paymei:t,thece arnuunt��h:�ll hear�ntere�t G��m �
<br /> thr datv nP disbursement at the Notc rutc and thall he payable. «•ith intcrctit. upim nnhce f'ritim Lcndrr ��+ Nurrourr •o�
<br /> reyucctiag p�aymenl. ' -
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