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<br /> Un�tFORM CQVEh,��.-7s- Borrawsr aad Lendercovenant and agrecasfollaws: ���oy'�+��
<br /> r 1. Psyrnent oi Priaei
<br /> � pal aad ieteres�P�nsyment and Lte Chae�es. Horrower shall promptly pay where due
<br /> � the pr¢ncipul of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br /> 2. Funds[arT�es and les�raace. 5ubjxt to agplicable taw ar to a wntcen wai�er b}Lender.Banower shall pay
<br /> to Lender on tht day monthly payments are due under the Nate,until the Note is paid in fWl.a sum("Funds")equal to �
<br /> onatwelfth of (a�.yrarly taxes and assessments whi�h may attain priority over this Security Instrument; (b)Year1Y
<br /> leasehotd payrarnu or groand rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) y�arly
<br /> mortgage insurirnce premiums,if any.'!'hese items ar�called'•escrow items."Lendu may acimate the Funds due on the
<br /> ba�sof currer.t data and teasonnble atimates of future escrow items.
<br /> Ttie Funds shall be held in nn ins�itution the deposits or accounts of which are insured or guaranteed by a federal or
<br /> ssate r-..�-�zy(incIuding Lender if Lender is sncb an instittition). Lender shall apply the Funds to pay the escrow items. �
<br /> F�c.�:may rtot c�arge for hotding arid applying the Funds.analyzing the accaunt or verifying the�crow ite�s,u�'_ess
<br /> Lc��pays Burrower i�terest on the Fands and upplirabte!aw perniits Lendet to make such a ch.trge.Darr�.�and
<br /> Laa�utt tnay egroe in writin�thet interest shall be g;�i.d on the Funds. Unl�an agresment is made ar����'_e Iaw
<br /> ret��irts interest to 6e paid, Le�3er shuU nut be ref{r,;e-rc!to pay Borrower any interest or earnings on tIa�Fu,^.ds_L�der
<br /> sball give[o Borrowes,without charge.��nu�a;,�,;::nting of the Funds showing credies and debits to the�unds ard the �
<br /> purpose fos whicY�each def�it tu the Fua�wss nc�.e.�'14e Funds are pledged as additionat security for t$t sums secured by
<br /> ttrs.�Securiry Instrument. �
<br /> . If the amount of th�Funds held by Gend� i:���er with the future tnonthly payments of FucL�i�.,�yable prior to
<br /> the due dates of the escrow items,shall taceed the at��unt required to pay the escrow iteTns when du�rh:�:.�:.ess shaU 6e.
<br /> at Borrower's option,either promptly rr�;aid to Borrower or crec��d to Borrower on monthly paymens�:�C'=nas.tf the
<br /> amount of the Funds held by Lender is zot sufficiene to pay the�x:ccA items when due.Borrower shall pay ta�.e:�rc any
<br /> _ . amount rteeessary to make up tlae dsficiency in ane or more paym��a's required by Lender. . �
<br /> Upon payment in full r�'all sums secured bc• -c?:.:s Security Instrumens. E,ender shal!promptly rcY:�i�d to Borrawer
<br />, any Funds held by Lender. If under par�gra�ph lg il��roperty is sold ar acqa:.ed b�Lender,Lender s�'-�:i apply,no iater
<br /> than immediatety prior to the sale of thc��coperty flr its aeyuisition by I.ender,any Funds held by L�:sder at the time of
<br /> eppGcation as a ceedit against the sums��.:*�d by t?:i�Secutity lnstrument.
<br /> 3. Applicadon ot Payeieets. r��:�s a�,;;�ble law provides otherwise.aU payments recci��*y Lender under
<br /> pa.�agaphs l and 2 shall be applied:fiist.:�ka:e c�.���s due under the Note;se�ond.to prepayment ctc�,��due under the � .
<br /> he�third,to amounu paya6le under para,3raph 2;i'ourth,to interest due;and fast.to principal due.
<br /> 4. G9itrge�Ueas. Borrower s1s.��Z pay all taaes,essessments.charges.fiaes and impositions attributable to the ' : .
<br /> Praperty which may attain priority ¢c��;r this Security lnstrunse►��„ a_^.d '.�sehotd payments or ground rents, if any.
<br /> Borrowet ahall pay thae obligations in u��manner provided in par:���2,ar if not pai�in that manner,Borrower shall ,
<br /> p�►y them an time directly tc�th.e per-,c�a owed payment.Borrower shall prarr�rlc� furnish to Lender all notices of amounts ..
<br /> to Ire paid under this para����.6f�3Jr:.wer makes these payments directly,�orrower shalt promptly furnish to Lender ; �
<br /> receipts evidencing the paymtnY,.
<br /> Horrower shal promptly diachar�r:any l ien which has priority over this Security lr..strument unless Borrower:(a)
<br /> agrce�in wretiag to the psysrtent of the abIigation seeurod 6y the lien in a manncr acceptable ca Lender;(b)contests in good � �
<br /> fuath the li�en by.or deftrsds againat enfotcsment of the Jien in,legal praceedings which in t�e I.eader's opinion operate to �
<br /> pr:vrnt the eniorcement of the lirn or forFeiture of nny psR of the Property;or(c)secures from the hulder of the lien en ','';;1;�'�
<br /> agreament satisPaotory to Ler►der aubordinating thc lien to tbis Security Insttument.If Lender determines that ony part oi' `` `"
<br /> ,.rat•�;
<br /> the Property is subjxt to a fien which r^ay attein priarity over tE�is Security lnstrument, L�nder muy give Botra;�:�r a
<br /> notice identifying the li�n.Borrowct shall satiafy the lien or takc cn:or more of the actiort5�a fbrth above within l0 ct�ys '�.
<br /> of the giving of notice. . ��.
<br /> S. Huard Ieiu�tncr. �orrower shall keep the improvements now eaisting ot hcreafter erected on the Property
<br /> insured�gainst lass by fire.hazards included within the term"eatendod coverage"and any other hau�rds fat which Lender
<br /> requira insunnce. This insurence shufi!►x maimained in the amounts and for the periods that Lender requires. The •;
<br /> insurance carrier providing the insuranae ahaU be chosen by Borrower subject to Lender's approval which shali noi be
<br /> unrasonably withheld.
<br /> All in�urance policies end renewats shall bt aceeptable to Lender and shall include e standurd mortgege clause.
<br /> f.,ender ah�U h�ve the right to hold the policies and reaewals. IP L.ender requires,Botrowet shall promptly give to Lender
<br /> all receipts of p�id premiums and renewai notices. In tht event of'loss,Borrower shall give prompt notice to the insurance
<br /> carrier and Lender.Lender may meke prvof of loss if not made prafn�tly by Dorrower.
<br /> Untess Lender and Horrower atherwise agree in writing,icr�urance proceeds shall be appliai to restnration or repair
<br /> of the Property damaged.tf t.:�e restoration or repa�r tis econorr.i�a►:Iy feasible an.d Ltnder's security is not lessened.li ths
<br /> restor�tion or repair is not e-�rr.amically fessible or Lender's secsnty would be lessened�che insu�anee proceeds shtll be
<br /> app:ied to the sums secured �y this Secur,ty Instrument.whttltr.r 9r not then due.with iu�y eacess paid to Bonowet. If
<br /> �anorver abirn;�:�r.s the Property,or do�t r,ot answer within 3S]�iuys a notice from Lende,r that the insurance carries has
<br /> � o�ered to settlr a claim,thcrt Lender m::y eflilect the insurance proceeds. Lender may use the proceeds to repair or rescvre
<br /> the�'roperty or to p�y aums secite3 6y :'s��s S�curity dr.strument.whether or not then due. The 3(l�day period wi11 begin
<br /> when she notise is given.
<br /> Unless Leadtr and Borrower aths;+.viseagree in writing,�ny applicat�dn nf proceeds to prtncipal shell not extend or
<br /> postpoae the due d�te c�f the mbnthly pay�rtents referred tv in paragraphs 1 nnd 2�r rhange the nmount oithe payments_IP
<br /> urcder paragraph 19 the Ptoperty is acquved by Lender.Sorrower's right to any insurance policies and procetds tesutting
<br /> Prom d�mage to the Property prior to the acquisition shall pass to l.ender to the cnter.t attht sums secured by this Secunry • - ---_°--
<br /> Instrument immed�ately prior ta the acquisiti�n.
<br /> 6. Preur�ation�nd'.Naintenance ot Proper�:Letseholds. Bnrrdwer shal!n�t destroy,dumage or substnntially
<br /> change the Property,alluw the Property to deterrorate ar comm�t waste. If this Secunty Instrument �s on a leasehotd.
<br /> Botrower shal)comply with the prn�•�sions of the fwse,and�f Borro•�+er acymres fee t�tle to the Property,the leasehold and
<br /> f_�•t�s!•n •!a�:�:erge unl�'°.:t,�3�:�8 s:s:�tl��s�:rgsr i��rese�g.
<br /> 7. Protesttoa ot LenEer'� Rlghta in the Property; �iortg�ge insunrtce. if �nrrower fn�ls t�� perform the �
<br />' � coVenants and��rcements conta�ned�n thts 5ecunty Instrument,or there�c n Itgal prc+ceed�ng that may s�gnificantly efTec:t ���
<br /> l.tnder's ryghts �n th� f'roperty Isuch�s a prcr.•eeding m bankruptcy. pr�bate. for candemnatiUn or ca enforce lawc ��r
<br />, rea��latton3),then[.ender nisy dvend p�y for�vhate�er�s ntcts�ry ro pr��tcct the�atue of the Prrpenq ancl tender'ti nghts ��
<br /> �n the prapert� [,ender`s accir�na muy incl�ici:pay�ng eny cums secured hy �dctr: whrcti has prrnnty c•ter this 5eruntr• �`�
<br />• instrumcnt,np��earing�rr c��urt,p�y�rigreasunafite attorneys'f�e�and entenng��r�the Properr} tc�mai,c repa�tc AlRhnugh ���
<br /> Lendermay take actinn i�nd�r th�sparagraph 7.1 er�des dc�ts ncrt havetuclvtit�
<br /> Any�m�,untsd�et+utcr.�1 hy t.endtr i���:.ier th��raragrarh 7 shal!1±ecsrme acicl�ue,n3I�ier*.�f H,;•rr��.arr�r�:i�re�i hr tY��� --
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