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<br /> UNIFORM COVENA!vTS. $orrower and Lertder Covtnant and agze as follows: ��--�Q 12 9 9
<br /> ; � 1. Payment at Psiaciptl aad Inter�Prepayment and Lte Chir�ges. Borrower shsll promptly pay when due
<br /> the principal of and interest on the d=bt ev6denced by the Note a�sd any prcpayment andlate chasgcs due under the Nosa
<br /> 2. Funds tor Taxa aad Insurancre. Subiect to applicable law or to a written waiver by Lender.Borrower shall Qay
<br /> to Lercder on the day monthly paymenu are due under the Note�until the Note is paid in full,a sum("Funds")eqaai eo
<br /> one•tweIRf► of• (ay yearJy taxes and a�sasments wbich may uttain prionty over this Security Instniment; (b) yearty
<br /> leasehol� paymenu or ground rents on tl�x Propeety. if any; (c) yearty 6iazard insurance pnmiums; and (d) yearly
<br /> mort�e insuraase preaiiums,if any.?hese items are called"escrow items."Lenda may estimate the Funds due on the
<br /> bssu of current data and reasont�ble atimaux aFfuture escrow items.
<br /> _ ?he Funds shall be held in ssi institution the depo�its or accounts of which aze insurod or guaranteed�y a federat or
<br /> state�gency C�cluding Lereder if Lendu is such an inttltution).Lenda shall apply the Funds to pay tAe escrow items.
<br /> Lendtr msy not cbarge for holding and agplying the Ftuids.analyzing the accaunt or verifying the escrow itans,unless
<br /> I.eader p�ys Borrawer interest on the F�d�acsd e�ticabte law permits Lsnder to make such a charge. Borrower and
<br /> Lender auy agree in wreting that intuest s�aJl be�id an the Funds. Unless an agreuaent is madt or applicable Iff�+
<br /> requires interest to Ee paid,Lender shall nat 6e required uo pay Borrower any interat or eamings a�the Funds.Lender
<br /> . stWl give to Borrowu.without eharge,an annual sccauuting of thc Funds showing credits a�d debits to the Funds and the
<br /> � • . purpose for which ach debit ta the Funds was made.'Iht�unds are ptedged es additional security for the sums secured by
<br /> '. this Sectuity Instrtiment.
<br /> If ttte amount af the Funds held b} I.ender,together with the future monthly�av��ts of Funds payabte prior to
<br /> the due dttes of the escrAw iteQw.�hail eicc�the amount requircd to pay the es;raw itsms whea due,the eRCess shall be,
<br /> at Borrowa's optian,either pra��s�y reasid to Borrower or credited to Honaarer a;�monthly payment�af Funds.If the
<br /> aistour�t of tlte Furids held by Lender�aat�ufficient to pay the escrow items when due,Bonower shall paK Fo Lender any ,
<br /> arstouat necesssry to malce up the dcSci�:j;n ane or more paymentt�rs4uired by l.ender. . �
<br /> Upon payment ia fuU of all sums�red by this Security[�gs:�ment,Lettdes sha�Y�n:z�ptly refund to Barrr,�c�:
<br /> any Funds held by Lsnder.If under parsig�pb 14 the Property is soli�:ar�cquired.hy Lender��Lendu shall apply,no�:ter
<br /> than imtn�disuly prior to the sale of the�'roperty or its acquisition i�y I.ender.any Fnnds held by Lender at tha time of
<br /> application as t credit against the sums socured by this Security Instrument.
<br /> 3. A�Ueatlon oi P�y�aean. Untas applicable law pravides otherwise.a!!payccr,�.ts received by I.ender urd�r
<br /> psripsphs 1 aad 2 ahdl be applied:f�rat.to lste chsrga due under the Note;second,to pr�mg�rx�t charges due undcr ehe �
<br /> Nou;third,to am��ta ptyable under para�caph Z;fourth.to interest due;and lost,to pria�+a:�ue.
<br /> 4. Chtr�er I1tu�. l�a..�awer s '' piy all c�s,asaeasmeats,charges,-t��+�aad::-�siiions at�rC��suble to the �
<br /> propeRy wlucEs cca�aL:aia �s:;.�r.Lty,over thie Socuri�y Lastrument. and le�se`�a:o� p�yment�•ar gsou�� rents. if u►y.
<br /> Batro�ver dhall pas��t e�;i��,�:s in the manner provided in parag..*aph Z,or s.�.a:paid'en tlhat manner.tdorrower�'.!
<br /> pay tkem on tirrce d:�:�ectly t�tar person owed psymen�Bonower s��r•�mspt!� fi:r,�ish to Lender all notices of amaw��s�
<br /> w be paid under this pars�rs;�°:.pf Borruwer makes thae payments d�sectfy.8�nower shall promptly furnish to Le��Fx
<br /> r�ceipts evidencing the payaiasr.�.
<br /> AorroNet ahtll promp�L�cf:schsrge any lien which has priflrity aver t�is sesurity Instrument unless Borrower:(a)
<br /> a�rees in writin�tb the paymea�ctCthe obligatlon aeeured by the Iien in a mannor aceept�ble to l.ender;(b)contests in good
<br /> faith the liea by�or defends against eaforcement of thc lien in,legil proceedin�a ahtch in the Lender's opinion opente to
<br /> prevrnt the enforcement of the lien or forfeiture of any pRrt of the Property;flr(c)aecura ftom the holder of tht lien sn
<br /> s�rament satisfactory to Lender subordinatiag the lien to this Secur+ty lnst:4a:�t.If Lender determines that any part of � ,..�;
<br /> the Praperey i�eubjxt w a lie� u�ic�may attain priar�t�+ over this Secur,ty�trument, Lender msy dv�Botrow=r e 1
<br /> notice idmNtjrina thc lien.Harr��z:;s!�all Batiefy+the lien or take one Qc�..cr�aFtE:e sctions set forth above within 10 d��+s �
<br /> of the�ivina oPnotice.
<br /> S. H�sae+d Ieronace. L�c�rower s��il kr,ep che improveme��s now existin�or herc�tG:r erxted on the Property ��
<br /> insured ajaintt las�by flre,har�r.�s inoluded within the term••estended cover�Ye"a�d any c�t!:zr haz�rds for which Lender
<br /> reqvira in�unnce. This ircaucs�c�;.e shall be maintaned!n the amount� and fc:the periods thst Lender requires. The .
<br /> iasunnce catrier providin�ttu insurance shdl be chosen by Bonower subjec� r.v I.ender's sDp�ov�l whicb shall not be
<br /> unreuotubly withL,eld. ..
<br /> All iruurancs policies and renewits �h�l be acceptable to Lender and ah�il inclu�:o standard mong�ge clause. �
<br /> Ltnder�hall have the ti�ht to hold the policia and renewals.IP I.endcr requires. Borrower sS�a!promptly give to Lender I
<br /> all tactipu of paid praniums a.^�d renewal noticss.In tbe event of los�.Horrawer sh�ll givc�x;ompt notice to the inaurance �
<br /> cartitr�nd Ltnder.Lender m�y mtke proof of loss if not made promptiy by$orrower.
<br /> Unless Lender and Borrowet otherwix tgree in writin�,insarance procceds�ha11 be���'.ied to restor�tion or rc,rsi r ! ,
<br /> of ehe Property damtsed.lf the restontion or reptir is economically fasibte�nd Lender's sec-srity is not lessened.If ere
<br /> restoratian or repair is not ecanamieally Pwible or Lendar'�eecurity woald be tessenal�the insur�nce proceeds shall�x
<br /> Rp�lkd to the eums�ecured b� chis Security Instr�meat�whether or not then d-4:e,with any eaces�paid to Borrower. If
<br /> Dorrower�b�ndona the Propere�,or doe�not�nswer within 30 d�ys a notice froJn Lendcr th�t the inaurance cerrier has
<br /> offered to�ettle a elai�,then Lr�3er may r�+tdect the insunnce prmceeds.Lender rn�y use the procaeds to repair or restore
<br /> th�Yropetty or to psy anms��a:ed by this Security Instrument.whether or not then due. The 30�day period will begin
<br /> when thenotice is pven.
<br /> SJntes9 Lender�nd Ben9sse�er otherwise�gree in writine,any�pplication of proceeds to principal shall not extend or
<br /> postp¢cce ihe due date of the nsa�thly p�yments refarre�to in piragraphs 1 and 2�r change the amount of the payments.lf
<br /> un�et par�graph t 9 the Propeny ie ecquirttf by Lender.Borrawtr's right to eny inaurance policies end procreds resulting
<br /> fram dam��e ta itr�Praperty prior to the acquisition shall pass tm Leadrr to the extent of the sums saured by ehis Sccarity , - __ __
<br /> lnstrument imme�istely prior to the acquisition. .
<br /> 6. P�wtrratlon t�d Mdnten�nce ot Properay;Laxhold�, Bonowsr shall not destroy.domage or substantially
<br /> chanae the Propesty,�ilow the Propeny to deterior�te or commit wa9te. if this Security lnstrument is on �teasehold.
<br /> Horrower ehall comply with the provisions of the lease.and if Borrower�cquires fee title to the f'roperty,the leasehold and
<br />:- i�tlsis�h:�3 ncsi trs�sg::unic�s i.�deT agr�s ta thg me�ger i��vritzng.
<br /> 7. Pirotection ot Lender's Rl�hb in the Property; Mort�e Ieuu�ace. ]f$orrnwer fails co perform the f�
<br />. � covenante�nd�greements cantained in this Security Instrument.or there is a legal ptoceeding thet may s�gn�flcantly affect
<br /> Lntder's rights in tht Property (such es o proceeding in �ankruptcy. probate, far condemnetidn or ta enforce laws os ��ic;
<br /> resulttion�),then I.ender mey da and p�y far whetever is necess�ry ta protect the vnlue�f thr t'rope�ty and t,rnder's nghts 3
<br />' ia the Propaly. Lendet's artcons may includc paying any sums secured �y a lien which hns pnnnty over �his 5ecur��y �f
<br /> instrur�sent.appeanng,n court,pAymg reasonnbie ettbrneys'fets an�enter�ng an thc Property to niake repa�rs Although
<br /> Lender miy teke achon undrr th�s pare��taph 7.Lender daes nat hive ta do�a ��
<br /> Any emountsd�sbutsed by Ltnder undar this p3rsgsaph 7 shnEl bethme adcin�oral ciet+o c+(Eic�rrc�ae:ucu►ee3 t+y thss
<br /> Sccurity lnstrument.U�less Borrnwer nnd Lendtr egtet to othtr terms of p�ymrnt.�h�ce um�+tnn�chnt!hrar�nte�est irnm
<br /> thr dite uf disbursrmtnt at the Nnte rate nnd shbll br payabk. w�th �reseresi. ;;�x�re ni�tx� fr:�rr� !endcr rc� Ni�rrc,wer
<br /> requesl�ng paymcr�t
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