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<br /> UNt�oRb CovENw!��[5. Bonawer andLender cavenant and agree as follows: Y���� `�S _
<br /> . 1. Faymeet of Prtacipat sad Interes�Prep�}rmeat aad Iate Charg�.s. Bor�ower shall promptly pay when d�e
<br /> the principai of and interest on the debt evidenced by the Note and any prepayment and tate charges dae under the Noie. � '
<br /> ' 2. Fnads for Tazes and Iesnrance. SubiecE to applicable laa or to a written waiver by J.eader,Borrower shall pay `
<br /> to Lercder on the day monthly payraeats are due under the Note,umil the Note is paid in full,a sum("Funds")equa!to
<br /> r � onc-twdith of:(a) yearty taxes and assessments which may attain priority a�er this Security Instrument; (b)yearly
<br /> � tasettold payments or ground rents on the Property, if any; (c)yearty hazard inswance premiurns; and (d) yearly
<br /> alortgage insurance premiums,if any.These items are called"escrow items."Lender may estimace the Fnnds due on the
<br /> basis of current data art�reasanabie estimates o€future e,scrow iteras. - -
<br /> 'I'he Funds shal!be held in an institution the deposits or accounts of a hich are i�t��crg�•anteed by a federal or.-; �'� � - ,
<br /> state agency(inciuding Lecr�es�L:e'r�er is suc�an institutioa).Leader shaJ}app:�."fi���i�a3�to�±ay the e�a�c items.` � �� '."� _�. ,�';
<br /> ;._: , Larder mav.�eot charge for ho�r�g�����lyi»g the Funds,�alyzing tt�e account�=1�r,�'i.z�g�t��:�ctou-icei�a;unless �
<br /> �'�°:�,:::-•. � :. �deF.��8+orrower interest o�:..�,.�,�s a�d applirab�e�aw permits Lender tv��a�.�e�ssc;t�:a.e�asg�Boi�iower and . .
<br /> �'`��_'` ::� � �eiider��ay agree in writing that infeies[shal�be paid on the Funds. Unless an agTeemerit is made or applicabte lavv ' � � �� � •
<br /> '•'��, .!� �" uirss interest to be acc� Leader shatl not be r �ured to a Sonower an interest or eamin on the Funds.Lender
<br /> �4 P e4 � P Y Y . 8s
<br /> shaU give to Borrower,without charg�ar�annual accounting of the Funds shaaring 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 sums secured by
<br /> , thisSecurit}�Ix►strnmen� • '
<br /> IFthe amaunt of the Funds held by Lender.together with the future monthly payments of Funds payable prior to �
<br /> the due dates of the escrow items,sha11 exceed the amount required to pay the escrow items when due.the excess shall be.
<br /> at Borrower's oprian.eitieer prompily repaid to Bcanawer nr credited to Borrawer on muntbly paymen�s af Fuad�.If the •
<br /> amount Qf the Funcls hetd by I,ender is not sufficient to pay the escmw items when dne,Borroa er shall pay to Lender any
<br /> � amount aecessary t�make up the deficieticy in�ne or more payments as required by I.ertder. �
<br /> lJpon payment in full of all sums secured by Ihic Security lnstrument.[.ender shall promptly refund to Borrower �
<br /> a�ny i�u�ds hetd by l.ender.lf ur�der paragraph 19 the Praperty is sold�r acc}uired by Lender,t,ender shall apply,no later
<br /> than immediately prior to the sale of the Prc�pert}or its acquis►tian by Lcnder.any Funds held by Lender at the time of �
<br /> applicsttian as a credit against the sums secured by this Security lastrument. '
<br /> _ 3. Appltcttion of Paymeats. Unfess applicable law p*ovides otherwise,al!payrreents received by Lender under
<br /> paragraphs 1 and 2 shall be applied:first,to late charges duc under the Note;second,to prepayment charges due under the
<br /> Note;thini.to amounts paya6te under paragraph 2;fourth.to interest due;and last,to principal due.
<br /> 4. Chiuges;Liens. Banower shal!pay all taxes.assessments, charges,fines and impositions attributable to the
<br /> Property which may attain priority.over this Security Instruct�ent, and leasehotd payments or graund rents, if any. ,
<br /> Borrower sball pay these obligatic.�.in the manner provided in paragraph 2.or if not paid in that manner,HonQwer shall , '
<br /> pay them on time directty to the person owed payment_Borr�wer shalt prompily farnish to Lender all notices of amounts '
<br /> to be paid under this parngraph.if Bonower makes these payments directty,Horroaer shal!promptly furnish to Lender � �
<br /> receipu evidencing the payments. '� .
<br /> Borrower shall promptty discharge any lien which has�iare�y ater this Secszri��Instrument unless Borrower:(a) s "-=
<br /> agrees in vmting to the payment of the obligation secured by the tien in a�nner acceptable to Lender,(b)contests in good ;
<br /> faith the lien by,or defends again5t enforcement of the lien in,legal pra�e0a3in�,a.s which in the Lender s opinion aperate to '
<br /> prevent the enforcemeat af the tien or forfeiture of any part of the Prapec�tF:or(c)secur�s from the holder of the lien ar� � �
<br />: • agreement satisfactory to Ixnder subardinating the lien to this Secarity lnstrument. IBI,�nder determines that any part of {
<br /> � � '`. the Propert}is subject to a lien Rfi:ch may attain priarity over this Security lnstru�ent, Lertder may give Borrower a . �
<br /> notice identifying the lien. �orroR•er s�aall satisfy the lien or take one or mare af the�s�:�s set fonh abnve within 1Q days ;-;�°
<br /> of the giving of notice. � ' ��--
<br /> S. Hauud Insuratnce. BorroR•er shaRI&��s the improvements now ex�sting ar h:reafte�ecected on the Property � '�
<br /> insured against loss by fice,hazards inetuded wethrn thc term•'extended caverage".ar.�any ather hazards for which Lender }
<br /> requires insurance. This insurance s�tall be maintained i.^, t�.amounts and for t3-,e peri�ds that Lender requires. The ��
<br /> : insurance carrier providi:tg,the insurance shall be chasen�ti� Barrower subject to Lendcr's approval which shall not be ,� i'
<br /> unreasonably withheld.
<br /> � ,�.,
<br /> Al)insurance�e:.��;.;es aed renewals shall be acceptable to Lender and shall include a standard mortgage clause. ;�'� -
<br /> Lender shal!have the rigl:t to hold the poficies and renewais. If Lender requires,Bersawer shaU promptly give to L�nder
<br /> � all receiR�s of paid premiums and renewal notices.ln the e�ent a1'loss,Borrawer shaC3 g;c•e prompt notice ta thc insuraqr,e � ��
<br /> , � carricr and Lendar.I.ender may make proof af Ioss if not Tnade promptly by Harrawer. . , y�
<br /> Untess Lender and Horrower otherwise agree in writing,insuranre praceeds s1:a?'.be apptied to restoration or repair
<br /> of the Property damaged,if thc restoration or cepair is ecanomically feasible and l.e.^.3er'.s securiCy is nat lessened.If the
<br /> restoratian at''repair is not economically feasible or I.ender's security wc�uld be lesser.r,�,the insurance prnceeds shall be
<br /> applied to the sums secured by this Security lnstrumem, wh��er or nat then due,c3,i;h any excess paid to Borruwer. 1P •
<br /> Borrower abandons the Propeny,or dc�e�.nnt answer within 3£?days a notice from i,ender that ihe insurance curder has �
<br /> otfered to settle a claim,then l,ender may collect thc insurance proceeds. Lender may use the proceeds to tepair or reslore
<br /> �he property or to pay sums secured by this Security lnstrument,whether or not then due. The 3U-day period will begia
<br /> ------�---whenthenoticeisgiven,-._..-----------�-�------ -- ---- .._.....-- -�--.--- ----------- ------._......_... _..-------�------..-------------------...----�=- --- _.........----- ------�- --
<br /> , Unless l..ender and Borrower otherwi5e agree in writing.any appfication of pr�ceeds t��principal shali not eatend ar
<br /> pasipone the due date of the monthly payments referred to in paragraphs 1 and 2�r change the Amaunt�f thc payments.If
<br /> under paragraph 19 the Properry is acyuirecl by Lender.Borro+ver's right to any intiurance puliciex and proreeds rc�ulting
<br /> Prom damage to the Property prior tv 1he acyuisition sliall pass tn Ixnder to the rxtent of the sums secureci hy this 5ecurity
<br /> fnstrument immediately priar tv the acyuisitian. ,
<br /> 6. i'�eaerration�nd Maiatenance of Nroperty;I,e�[sehotds, Oarrnwer shall nnt des�roy.damagc nr�ub�tantially
<br />: Chgnge the Yropeny.allow the Properiy tc�deteci��rate or commit waste. !f this SeCUrity Ins�TUment ic nn a tcasehold,
<br /> Borrower sAall compJy wi.h the provisinns nf'the lease.at�d if Borrower acyuires fee title to the 1'roperty;thc lrauhold and ' --
<br /> fee title shaA nc►i mer�e r�nless Lender agrees to the merger in writing. � . '
<br /> 7. Protecttan o! t.ender's Ripthts in the Property; MortRage dnsnsance. if H��rrower Pails to perFi�rm the "
<br /> cav�nants ar.d agre�:..er.::contained in this 5rcurity lnstrument.ar thcr�ss a i,gal�rc�credi��that may si�niftrantly affect �
<br /> Lendec'�e��?;;s in the Pc4�.er¢t• (e���3� as b pr�reeding in br�nkruptcy, y;:�batN.fc�: cE�r;;�r::::at�;:n or t<>eni'cfrce la�vs or '
<br /> re�utations).then Lendet ms►y 8.�¢,.d�'sp fvr w hatever is nececcar tn r�tr�:,:t tEs t -��`•�,_�•, � ` '
<br /> Y P �}=. _� . �-��nclLeeules'�::ights �- - • �`�..
<br /> � � " " " in fhr Yro rt Leri�ier's acti�ns ma indude �
<br /> Pe Y• y paying any sums securect �y a fien ahich h�s pr�ar'rty �wer thir 5ecurity ��f
<br /> � Mstrument,a�pearing in r��urt.paying reascmable attorneys'feeti and enterutg��n thc Pre�prny tn makc rcpairs. Ahhnugh ��
<br /> l,ender may take ucti��n un�ier thtti paragraph 7.l,endet dnes nut h�ve tn�i���n. y
<br /> Any amountt dtSEsur�ed hy Lendtr under thiti paragraph��hall bc:��ttTr udd���un.il drbt nf Horroucr�e.�irr�i Ny this h.
<br /> Secur�ty lnstrumcn�. l�nT�ws Hiirn�wcr:ind I.ender:��;rce te���ther term4�,f pa�ment,th��r amnw�ts shall hc,�r�ntcretit fre�rn . ���
<br /> the date ��f dict�urscment at Ihe Nutc r.ite:�nd shail be �r�yaMlc, �ti��h uitcrc��. �ipt�n n�+tict frctim t rni}cr t�� IsF,rr��«•cr
<br /> reyucctmg p:�ymeM �,
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