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<br /> xc. C�t.ES , '�^''�'...�---.- —
<br /> � �
<br /> _ UN(FQflM COVENAMS. 8orrower a .enQer covenant and agree ss taltowa: Q,�ti������ _
<br /> � t. Prym�nt of Principa� and Interos� Pr�paymont and L.at� Char��s. �oROwer 1f�b pro�auy pay wh�n aue the '
<br /> prindpal ol�nd hterest ort tfle debi evfdenced by tha I�ote and any prepaymmt and tsts charqes dua unda�th�Notn.
<br /> 2. Funds toP Ta�oa and in�urarcca. Subject to app6cabte faw ar to a wrttten wa5rer by I.endar.Bortower sAaa pa{to Lendar
<br /> ar�lhe Qsy rts�nthrj payments nre dus under the Note, unL�the Hote Is pa:d(n tSiD,a sum ("Fun6s"j eQwi to one-twNtth of: (a) yearty
<br /> � tvxes�nd assrssments which may attein psiority over this Sewriry Insen�men� (b) yeufy Faaset�ad payrtknts u�resund renSs on the
<br /> FrapaRy,�srt3r (c)YeartY hazat�k�sura�ce pretniums:and(dy Yeertf►mortgage insur=nce prernk�ma,it any.She kems are a9ed "esrraw
<br /> items." Lender msy estmiate tfit Funds due on tha Casis ot wnent 6ata�nd reasonable eatirn�tes of future esaow items.
<br /> The F�nds ah:l Oa heid in an institution the depasEts or accounts o1 which ere insured or qwranteed by• teQer�1 a s�te agency
<br /> [�rtducfrtQ lertder if Lender+s such en{nsti�tian). Lender shatl appty the Funds to pay iha esaow items. Leader may noi c4�uge for hotd-
<br /> ing and applyiag the Funds, anatyimg the aacunt ar verity►ng the Escrow ftems, urtfess lender pays Borrawer(nterest an the Funds and
<br /> a�iabte itw �rr.r.:sis tender to�ake such a chsrg� Eorrewer and Lender may a�ee(n writietg that hterast shal ba paid on the Funda.
<br /> Untess an a�etment Is made or appGc�abie law requlrea interest to be paid. Lender ahsj rtat Ce n�ked to pay Botrower any fnteceat or
<br /> amhps on the Furtds. lender shafl gir•e to BoROwer. without cha:ge,an annua!aa�unttcs�c€flte�uada showlrtg�edRs�nd debiis to
<br /> !he Funds tnd the purpose for whlch each deblt to the Funds was mad� The Fands srn a�{ed as adddlatW secudty far the aums
<br /> .
<br /> aecured by this Security InsWment. �
<br /> N!he vt�ou�t of the Funds hefd by Lender, together with Lh:P:.�.rn,.r,r,�a±�;!y�:a}menty og Fands payable prior to the due ditea of the
<br /> esaow Ra�ns. ahsl exc�ed the amount required to pay the escdo-.v�:�i�r d,z�. the excess shal be. �t Borrowers optkn. either
<br /> promptly�epaid to 8arawes or credited to Borrower on monthy Fc�er.ts ci��cscts. it the emeunt of tha Furtds hetd Dy Lender U not
<br /> aufF�rii to pay the esuow items when due. Borraw�r ahAA pay to Lender an��unount ne�sary to mtice up the defidenay(n one or
<br /> nfon payments�s required by Lender.
<br /> Upon paymenl in b3i ot aG eusns secured by this Secudry Instrument, lend��aM promp2ly re4und to Borrower any FunEs hetd by
<br /> Lender. N under paragreph 18 the Property(s sofd or acqutred by Lender, Let*.�s:�all epgty,no Ieter thm tmmed�atety pdor to the seFe
<br /> of the Propqry or fts tcquisition by Ler.der, any Funds h�ld by Lender at the time oi appk�tian as��ed�!agekist the sam�aecured by
<br /> this Secuhty InsUument. .
<br /> 3. Applicattan of Paymenta. Unless appllable faw provides otherwlse, aR gaJ•�.2�t��acetied by Lander under paragraphs 1
<br /> and 2 stW be appGed: first, to late charges due under the Note; second, to F;z��I�er1:�1:.�QS due urtda 4he Note;third,to emounts
<br /> payabk under paragrepA 2; fourth, to Interest due; and last, to prindpal due.
<br /> 4. Chargos; LIonB. Boaow2r shall pay�II taxes, assessments, charges, tutes a.:�(�osiUons attdbu4ible to the PropeRy whlch
<br /> may attain prbr6ty oYer this Secudry Instrument, uid leasehotd paymenis or ground r9'� •t�rrr:y�. 6orrower sh�ll pay these obGgaUons tn
<br /> the nunnr provided in paragraph 2, or N not ptid In that manner. Borrower sha{:�.a� ::�,ens.cr tli�e dUectfy to the person owaG paymmt.
<br /> 8orrower aMll promptly tumish to the Lender aU noUces ot amounts to be paiC ur.���'s;�a��ta�h. N Berrc�we►makes these paymer►ts
<br /> cSraCtty, Bonower shafl promplty tumtsh to Lender receipTs evidEncing the payme:-:o.
<br /> Barower shaN promptty discharge aay l;en which has prioriry ovef this Security Ins�v.��rt.�l�xs Bartowcr. (a)agrees in wrNng to the •
<br /> payment ot th� obligation secured by t'.:e lien k►v manner acceptabte ro lender; {•5)C�s:�'est�I:,Qpod/�fth the lien by, or deteaQs ag�lnst `
<br /> en(orcement ot the lien in, legal prnceeaings wbich In the Lender's opinion ope�:e em,�rever.S ihe entorcement o1 the Gen or toAeftute of
<br />. any p�R o1 the Properry: or (cj secures trom the hotder o!the lien an agreemesr,�,��,;,,=ra,:.,zr�+�3 Lender aubordinalin9 the Gen to this Security
<br /> Instrument. II Lende►determines lhat eny part ot the PropeRy is suhject to e lien w�-.�,� y:,r,,��ttF;n pdorfry over thls SeCUr(ty Inst�ument,
<br /> Lender may pve 8orrower a notice identitying the lien. 8orrower s�;_tR sstisry the�ien cr;�*;��nQ or more ot the tctfons set todh eb�ve �
<br /> wAhln 10 daya of!he yiving o}notice. .��..
<br /> , S. Huard Insurance. Banower shall keep L'^y r�,:���:';2tS19 110W QXlstus�cr hereafter erected on the Property insured ageinst
<br /> to�s by fke, hatards InGuded within Ihe term "exter.�zd coyerage" and any c`r•��uerds ta which Lentiler�equires insurance, Thls �.',
<br /> insur�nce eAall be maintained In the amounts and tor the periods that Lender req�:�:es. The Insurence cartlQr provlding the Insurence shall
<br /> be chosen by Borrower subject to Lender's epproval which shal!not ba unreasonabty withhe�d. �t
<br /> All Insurartce poiicies and renewats shatl be accepiable to tha Lender and sh�;' u�Gude a stenderd moRgape clause. lender ahall have ��7' .
<br /> the ripht to hotd Ihe policies and renewats. if 4ender requires, 8orrower shall�•:�:ptty give to Lender a8 recefpta of paid premlums end
<br /> renewal notices. tn the event o1 toss. Bonower shall givu prompl notice to Ihe�r,uranco car►ter snd Lender. Lender may make proof ot
<br /> loss N net made promptry by 8onower. �
<br /> Unlesa Cr�;jer end 8orrower ot�er�w�e agree ln writinQ, insuranc�proceeds shafl be eppiie�!So restoratlon or cepair o1 the PropeRy
<br /> 'damaQed, �P 4he restoration or repair is economicalty teasiblv and Lender's sec�c�t�r ls not lesser,ed. If the restoraUon ar repair Is nof econ-
<br /> ar�icaMy teas:ble or Ler.dca's securiiy wouSd be Iesser,e8, the insurence proceerts shall bo epplied to the eu�rs secured by this Securiry
<br /> �°strumer.�. �rr�::�•�or::�t then due,witA any exc���.raid to 8orrower. If 8onower abanQon�[he Propeet�,.j. or does not answer with(n 30
<br /> days a no•i;:9�:;,� ter,aer that 1he insu�a^ce caaier Tas oftered to settle e ctaim, then Lendc�rnsy colleci the insurance proceeds. Lender
<br /> m�y use�":s�:oeeeds to repair or res:�=e the Proper.�or to pay s:.-.>secured 6y th;s 5ecr:^�ir.;��umer.t,whether or not then due.The
<br /> 30•day perlod wiil begin wt;en tho notice is given.
<br /> Unless Lender end Ha-:��,er othenviso agree in �r�.:�.^.g, any apPtica�ion of p-�„caQs to�rirCjpdy sha1l ra:c�rend or postpono the due
<br /> .ate o1 lhe monthly payrr:�-I�referred to in paragrapn 1 and 2 or change the amour.2 of ihe ps�;^�ent�. If unCer paragraph 19 the Property
<br /> ls acquire�t F:p lender, f3orrower's ric�:t ro any insurance policies ar4 proceeds resufling f;c�dc�-lage to the Property prior to Ihe acquis-
<br />. ition shall�:ss to L2nder to the exter;c� the sums secured by tr1:5 Security Instrument immeC'�"�y pdor to Ihe aCqulsition.
<br /> 6. Preserva±ian and Maintenance of P��perty; Leaseholda.Baryower aheN not de�Voy, dtmsge or substantlaly chango
<br /> the Property, a:le•r+ :-e�=��perty to deteriorate or ca�c�^i1 waste. 't?':;s Securit�ir,;:;�M�t is c^s leaseh�!Q, Bartower sha9 comply with
<br /> ihe provisiar�s oi the tease,and it BoROwer acquires fee litle to tre?ropeRy, tha 'easehold c.nC"3e!itte sha0 no!marg4 untess tho Lender
<br /> ��r�s to the merQer 1n writing.
<br /> 7. Protaetion ot Lender's Rtghts in the Property; Mo►tgaga @c�ss�rar��a. :f 9orrower tai�s to pertorm the covenants � ' �
<br /> and aDre�ments eantalne�l in ihls Secudty Instrument, or there is a legal proceedi��;:�a2 ra�s:gr.�Tcantty�Ksct the Lender's �igA1 In Ihe
<br /> PropeRy (such as a pro:.ceding in banlwptcy,probAto, tor condemnation or to er.tcrce laws cr rQguf�tians),then fender may do ene pay
<br /> �a'wh'itYer�q n�..,.°^r� !a proleei fhe valu�ot tii�r Rvperty artd Lende►'s nghts(n tlte ProFc��. Lender's ectlons may include peying eny
<br /> sum�aecured by a Iten whlch hes prioriry aver this Secudty Instrument, appearing In cauA, pnytng rae�u*ssb;a attomoys'tees and entering -
<br /> on ths P�o�Erty to make repaira. Allhougb Lender may tako action under parngreph 7,Lender dac� not have to do so. �
<br /> � My emaunfs dlsburscd Cy lender unde►paragreph J shall tn;come additionel debt ot Borrov�er secured by t�is Security fnstrument. ��
<br /> Unte3!ponoNer end lt�nder ag�ev to other term9 01 p�yment. these emounts shaU beat tnterest hom date o1 disbwsement al the Noto
<br />; rate end aheH be payaDto upan notica from lender !o Honower requesting payment. ��
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