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<br /> UNtFQRM COYF.�lAN75. Honowr.s�ns}I;ess�t;r.covenant and agree as folto�s:
<br /> � !. Prymeat af Pr[ncfpi aed Inter�sii.p��ett�f��I.ste CY�arges, Horro�+er shall.promPtlY PeY when due
<br /> the principal ofand interest on the debt�L id�ns�xi�y�sht�ltiti�it�aa�any prepayment and late charges due uader the Note.
<br /> 2. Fnnds for Tua asd Insaraat� Sub,�dct tqapp19t;sdi�.i�i�w or to a written waiver by Lerutrr.Borrowu shall pay
<br /> to Lender on the day monthlY P.�3'n?�is�re duc undcr:tbt h�At�:.tmti�the Note is paid in.f�fl,a sam("Fnads")equaf ta
<br /> onatweIftB of ia}yrarty:t.�xes and asscssma�its��ihid�►-may;aturin.prioriry ovu tbis Securizy Instrumeut; (b} yeariy
<br /> teaseholci paymenu ar grounsi r�nts an.tlt�Propd�ty;.it�any;.tc)�yearlp.hazard.insurartce premiums; and (d) yearly
<br /> mortgage insurance praniums.ifang.Tbese items an r,allbcl°e�scrow items."Lender map eaWnau the Funds dae on!he•
<br /> buis of currmt dasa and re�onabk e�titnuas of.future escnoR,iipns.
<br /> The Funds shall!x teetd in an ia�stitution thede�orax�4nts of which are insured or guar�r�ta+�by a federa!or.
<br /> stste ag�ency(ineiuding Lender if.•Latder�is sud�,�n.-iasti�ution).L,ende9r shatl apply the Fands to pay the escrow items. �
<br /> �eader miy not chuge fo=�bald'mg and�apgfy»ig the Fws�s,aaatyung the accanat nr verif'ying the esecow item�, unless
<br /> I�ter piys Horrawcr intcrest.an the Fuads a�d egpii�abSs I�v�p�mits Lender W m�ke such a charge.Borro9ver and . �
<br /> . F..x��er may agra in wtitiag that inf�t�sl�all°be pzid ou�t&�Fuacsis:ttntcss an agreemcecnt is made or app�cahle faw.
<br /> :. rac�uires intaest to be paid;I.ertde��sii�D nol�be roq�ired�to p�y.Earrowa anp interat or earnings on t&e Fund�..Lender, ..
<br /> ��all givt to Bornower,�rifiibut cjiar�,an annual accaunUAB o€the Funds Chas�:ng crediu�d debits�o the Funds and the '
<br /> . gcr:pase for wiuch each detsTt.`E(�the Funds a�as mRda The Funds are pledgeci�a5 additiona!security far the sums secured by �
<br /> _,:'::`- tbis Security insirumen�is�:�;`.'<�.' . .
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<br /> � . If the amomtt of:tht��a�ds.h�d by Ler��sr.together with the future m�rhly paPtneuts of Feuids payabte prior to . `-. . �. ,
<br /> the dne datrs of the ascno�it�;sli�Q�=�[crod'the amount reyuired to pay thr escrow items whea_duc.the a�c�ss shalf be,
<br /> � at Borrowa's aption,eitifet��iti�raptl}�=ie�said ta Borrower or credited to Borruwer on montbly payna�s of Fands. lf the � �
<br /> � :` - � a�ount aftha Funds hrid�c��:e¢d�^is�io�sufli��t�tapay the escrow itemswpceii duc,Barrowcrst�p�c►y to Lenduany � �
<br /> a�iaunt n�ry to mske�tI�ed.'.e�'F�:.:t�sy in or«os�more paymenu as required by Lender.
<br /> .. .. UPna g�!r�ent in�`i_�.iL_�€all:sa�sec�nad by:ttJis 9ecurit�Instrument:LenderS�aU�promptly rdund to Bc�er . . �. '
<br /> � aaty Fnndsl��'ay Lrnder.fCuadt"r p�Ph,l9 the Propctt��Esscyd or aeqqired by Leader.Lender sha!!apply.no�later �
<br />: ; . • than imraediateiy prior.ta.tli�sai�Qf tme�roperty ur its acquisi:a�by.Txnder,any funds held by Lender at the time of
<br /> a�Itcationasacreditaa��;6.es��s.securedbythisSecuritylnstminen�, � . '
<br /> ' 3. A�y1ip�ltou of.P�.,:,tTntess applicabte law prouides otht�rnise,ail payments receivcd by I.enda under
<br /> - patagraphs 1 aad 2�shadl i�ea�siied:��;to!au charges due under the Not�second.to prepayrment charges dut under the
<br /> NotC third,ta sasounu pay�Seuad�r�graph Z;Fourth.toint�rest dae:and tast.to principal due.
<br /> • , � 4. �fi��. Hctsru�c��--ai�pay all taaes.assessmeats,charges,fines and impositions attributable to the �
<br /> , FFOperty wltich msy �ttaisu�at�itY.avtr this Sccurity I�me�t. and teasehold payments or ground rents. if any. � . ,�';
<br /> Be�rcawer shall pay these ob�i�auons in the mannec��tided in paFagraph 2.ar if not paid in that maa�er,Borrower shall ' '��'��:r'-
<br /> psy them on time direclly to tFse persc�n oaed paymersc:��rroaerEhal)proraptly furnish to Lender all notices of amounts
<br /> to be paid ander this paragraph:If Benawer maices these pays���directly.Bonower shall promptly fumish to Lender
<br /> receipts evidertcing thc psy�terits. . .
<br /> Bonower shati prot�s�ydlscha:go any licn whicb has priority over tbis Sxurity Instrummt unless Horrower:(a) �
<br /> agras in wdting to thb pipt�t:os the obligation stcured by the lien in a marcc�es acceptabte to Lender;(b)contau in good
<br /> faith the lirn by;onddfendg again,st bnforcement of the tien in,legsl procoodings which in the Lender's opinion operate to ��f�
<br /> prevrnt the enforcement of the lien or farfeiture of any part of the Prapeny:or(c)secures from the holder of the lien an
<br /> .. a8reement satisfactory to Lender subarc�ivating the lien to this Security Instrumen�!f Lender determines that any part of � .. ;�'
<br /> the Property is subjcct w a�iCn which�r:ay attein priority over this Seeurity tnstrument, I.ender may give Botrpwer a '�
<br /> nad�t identifying the lien.8�rrower sha11 satisfy the titn or take one or more o�rhe acti�rns set forth abo,�•e within 10 days `��
<br /> af t�egiving of notice. . "�;;
<br /> s• H�zud 1u�urance. Bonower shall keep the improv�ts now eaisting or hereafter crected on ihe Property �
<br /> � insuted aaainst tass by fire,hazards included within tttr term"eatca�$d coveragd'and any other hazards for which Lender F : �
<br /> � requires insurance. This insusance shall be maintained in the amounts arc��or the periods that Lender requires. The � ' ' '
<br /> iasurance carriet providin�che insurance shaU be chosen by Borrower suE�je� ta Lender's approval which sha11 not be `' �
<br /> unsasombly withheid. . .
<br /> All insuranee policirs and renewals shall be acceptabte to Lender aad sball include a standard mortgage cisuse. � �
<br /> Lender shsll hsve the right,�o hold the poticies and rcnewals.If I,eader requires.Bonavrer�..hal1 promptly give to l.ender ' �
<br /> all rereipts of paid premiums and renewal notices.ln the event of tass,Borrower shaU give qsrampt notice to the insurance
<br /> carrier and Lender.Lender arsy make proof of lass iP not made promptly by Bunowtr. �
<br /> Untess Ltnder and[t�rrower otherwise agrec in writing,insvranse praoercis shall be applied to testoratidn or reppir
<br /> of the Property damaged,if nhe restoration or repair is econamic�liy feasible and Lendei s security is nvt lessened. di the
<br /> restoration or re�air is r.et economically feasibte or Lender's sxunry woutd be lessene�,the insutana praceeds�all be
<br /> t�liod to tbe su.�!is secured�y this Secutity lnstrumenL whether vr_nat_then d.�te.wiih_aay_excess paid to Horrower.-If .. . . . -
<br /> ........ .-- - -- ------ �
<br /> ' -----��-��---� � �Horro+ver ibandons tht Pru rC .or does not�answer within 30 days a notice fra:t�Lender that the insurance carrier has
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<br /> alfaed to settte a etaim,then Lender may coftcet the insurance proceeds. Lender snay use the proceeds ta repair or restore
<br /> the Property or ta pay sums secured by this Secunty Instrument.whether or not then dae. The 30-day period wi11 begin
<br /> � when 1he natice is given. ,
<br /> . Untess Lender and Bortawer otherwise agtee in writing,any application of proEeeds to prirtcipal sha11 not eatend or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and�or change the amount oithe payments.lf
<br /> under paragraph 19 the Property is acyuired by l.ender.Horrower's right tn a.i�y insurance palicies and proceeds resutting
<br /> from damage to the Property prior to the acquisi�ion shall pass to Lendrs to tt�e extent of the sums secured by this Security
<br /> lnsttument immediately pdot to the acquisition. :=_ _—_--
<br />, 6. Prdetration aed Malnteeaece o!Proaer�r;l,easehotds. Borrower shaii not datroy,damagc ot substantially
<br /> change the Property,allow the Property to detenorate or commit waste. If ci-,is 5ecurity Instrument is on a leasehold.
<br /> Borrower shail camply with�he ptovisions of thr lease,and if Hurrower arquirts fee title ta the Proper�y,the Ieasehotd and
<br /> fa title shall not merae unless Lender agrees to the merger in writing.
<br /> - �• ����I�'s P•iglat�is� ihe Prope�-iy; Si�,ei� insnrsuR, if�orrawer faiis fo pelt'oim the � �-
<br /> covenints and agreetnet�ts contained in�his Security Instrument,or the�e�sa legal procading�hat may signiftcantfy affe�t Y
<br /> � . bendu's rights m Ihe Property{such as a prexeeding in ban�tuptcy, prob�te,for condemnation or �o enforce laws or �
<br /> reaul�Itans),then Lender may da and pay far whatever is necrssary to pr�tect the value af ihe Property and Lender's�ights
<br /> in the Pmpenv. [.ender's acttons may mcinde paytng any sums sccuted by a lien whirh has pnority nver th�s 5ecunry r`�,,
<br /> Insttumtnt,appranng�n coun.�taymg reasonable attorneys'fees and entenng on the Property to make repa�ts Allbnugh , ���
<br /> l,ertder tnay�ake act�an undrr tMs paragraph 7,Lender dues aat hHVe to do su
<br /> At�y arrtuunts d�sbarsed by Lrttdrr ander thrs paragtaph 7 shall became addqiona!drbe��f Herrnurr�urecl hy th�� �-
<br /> 5rrurity(nstrumrnt llnlecc F�r,rt�iwer u�iQ t.enc3er agtee;o t�ther terms nf fiayrnmt,these mm�untc chaitt+c�r irtrer�r frc.m �' `
<br /> the date cif d�ii►ursemeri! at Ifi� '.Vote r3tr and Shatt F►e pavabfc. wtth u�terest, t�pi,n tratice fn*m t.cn�fer t�. tk�rton•er
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