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<br /> I UNIFVRM CvvE.'tA:v?S. Sarrower and I.ender covetrant and agee as fouows: 9�-� �
<br /> � l. P�ymeet oi Princ(pal�ed Interes�Prepayment and I.Ate G7iarges. 8orrower shalt promFtly pay when due
<br /> the principal of and interest a�the debi ei�ideaced by the Note and any prepayment and iate charg�due under the Note. .
<br /> � 2. Fuads for?aues fmd Iasur�tce. Setbject to applicable law or to a wriiten waiver by Lender.Bonower shaIl pay
<br /> � _ to Leadet an the dag monthly paynsents are due under the Note,until the Note is paid in ful},a sum("Funds'�equal to �
<br /> one-twelflh af (a)yearly taaes and assessments which may attain pri�rity over this Security Instrument; (b) yearly
<br /> teasehold payments or ground rent� on the Propertg. if any; (c) yearly hazard 'msnrance premiums; and(d) yearly _ , ,
<br /> mangage insurance premiums�if ang.These items are called`escrow items."Leader mag estirnate the Funds due on the , E
<br /> basis of current data and reasoaabte estimates of future escrow items. `�i`='-�%��'�
<br /> The Fuqds shaU be heId in an institution ihe degosits or accounts of which are insured or guaranteed by a federal or ';;��:�_� �
<br /> state agency(including Lender i£Lender is such an instituuon). Lender shall apply the Funds to pay the escrow items. ',`�•`"' �
<br /> I.ender may not chargc for hotd'mg`and app}ying the Funds,anatyting the account or verifying the escrow items,unless ' . .
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<br /> Ltnder pays Borrowec interest on the Funds and appiicable law permits I.ender to make sucli a charge.Borrower and ; ,::
<br /> Lender may agrce in wriring that interest shall be paid on the Funds:Unless an agreement is made ot appiicabte law . _ :;:=%''�`�`�
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<br /> . reguires interest to be paid,Lender shalt not be required to pay Borrower any inter,�st or earnings on the Fands.i.ender_ :';�, .,:;,�;.•.:
<br /> shall give to Horroaer.without charge,an annual accounang of the Funds showing credits and debits to the Funds and the ��`''''`'��.'�
<br /> ' � purpose for which each debit ta the Funds was made.The Funds aze pledged as additional securityfor the sums secured by �`°�;'.::`
<br /> ii�is Security Instrument. � .,
<br /> • If the amount of the Funds held by Lender,togethet with the future monthly payments of Fun.c:��ayable prior to
<br /> , ;.���ez�ue dates of the escrow items.shaU exceed the amaunt required to pay the escrow items when du�.�:�cess shall be, _ , _ ,
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<br /> -L ._ __ ..:.:."__.:,'.�_'r�;.:�airawer's.c�uon,eithpr promptly regaid to.Harrower or credited tb B.or.mv�er on mo,��..�..��.y payruer�a�Funds.if the ::.:,��� _
<br /> — ":. �`s.�of tIie�'�nds hetd�Y Lertderis�-��`s�.`i'icient fo pay tfie escrow ite�s��.,�due,$�:�,;��sSslt�+�y to Leadar�* . ,, , .
<br /> • ' �?,:�t necessary�tn make:;�`?��,cie����:z:�.��e or more payi.:ents as reg�.a��'.t�z.Lett�°.: :,,,:, . ''„- • ,�
<br /> '. Upon payment in fu7�i;=s;y«i,�:;sr:a,w.ri�.ir`rrJ�is Security Instramer���.°��er.s.,a�i:.�sai��.����::�I to Bc�::oii�:: `:`�: � .
<br /> aiay Funds held by Lender.Frr�..�..�er�i��^����'���5.�::3�rope�ty is sold or acqa:..�by L��s:L'eQd�s���aPgIY.���i-�'�s ' , . � ,. .,.
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<br /> than a�media+�y prior to the sale cr"e���:Ye:t�i�its acyuisiti�.^.�t Lender,any F��-3�'��i�bjr Lender at the r^^.�.:e�if ' �
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<br /> ,.:>:. , aPPlication ss ao.�edit againsi the sucns�sec=.Ye�ts$ rt±;SSecurity��s�-�.*neat. ...,_:;.::.:. .. . . .. . - ' . .
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<br /> ' 3. App�itiop of Pavaseats. L::.e"ss agrw�L�.?aw prc;,.�.��otherwise,atl pa}-sa�i'S recei4ed.by Lendec under
<br /> . paragraphs 1 artd 2 shalt tse a�r':ied:Eirs�,t�late c�:��re uri�t:�s Note;,s:c�nd,to�r�ac�ent c�^rg�.due und$r the ' �
<br /> Not�third,tn a_.*reiants�aF'���unde�g,-r�.¢zaph 2;fa;:rth,to r�te�s due;a��l�st.to g�.::��5�ue ;.
<br /> 4. CtLac�r�IIaea�s. Horras�er���.�.._��`�ay all taaes, assess:u�'ss.;J�ar��es�r�:;:�_�as:li,�as affii�butabC;ie�e .;.,� ... .
<br /> . • Yraperty �c�.r.r�-y aitain priority.o«r��is SeeUrity Instrucc�.�� ;:�:.:s��:a'� g��:,s dr grd�:�d rents, �aay. � �
<br /> . L#:crewer shaII�q these obligations in the manner provided in paragraph Z,a�:.`'�:s pz:�::x that mar�c�er,Borrower shaU . " � '
<br /> , �-F��em on time directly to the petson owed payment.Bonower shall prorr�pti��.arnish to Lender all notices of amounts
<br /> to be paid under this paragraph.If Botrower makes these payments disectly,8orrower shall prompily furnish ta Lendet , �
<br /> , receipis eviQencing the payments. _._.
<br /> Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Bonower:(a) �
<br /> agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender;{b)cont�ts in goad
<br /> � faith the lien by.ar defends against enforcemeni of the lien in.lega)proceedings which in the Lertder's apinion operate to � � �
<br /> prevent the enforcement of the lien or Forfeiture of any part of the Property;at(c)secures from the holder of the lien an -
<br /> agreement satisfactory to Lender subordinating the tien to this Security Instrument.If Lender determines that any pan os � 3:
<br /> ��� . the Property is subject ta a lien which may attain priority over this Security Instrument, l.cnder may give Borrower a ,_ �,�
<br /> notice identifying the Gen.Borrower shall satisfy the lien or take one or more of the actions set forth above within 1A days � � _; �
<br /> of the giving af notice. ;
<br /> S. H�rd Insurance. Borrower shall keep the improvements now eaiating or hereafter erected on the Property ''
<br /> insured against loss by fire,hazards included within the term"extended coverage"and any other hazards for which I,ender
<br /> requires insurance. This insurance shall be maintained in the amounts and Por the periods that Lender requires. The
<br /> insurance carrier providing the insurance shall be chosen by Barrower subject to Gender's approval which shall not be ;
<br />: unreasonably withheld. , .
<br /> All insurance policies and renewals shall be acceptable to Lender and shall include a standard martgage clause. �
<br /> Lender shall have the right to hold the policies and renewats.If Lender requires.Borrower shall promptly give ta Lender ��"� '
<br /> all receipis of paid preminms and renewal notices.ln the evcnt ot'toss.Bottower shat!give prompt notice tv the iRSUrance :.;�;
<br /> carrier and Lender.Lender may make pror�f oflass if not made promptly by Borrower. �_.,Y �
<br /> � Unle�I.ender and Borrowec otherwise agree in writing,insurance proceeds shalE t+��pplied to restosation or repair
<br /> of the Property damaged.ii'the restoration or repair is economically feasible and Lender s security is not lessened.lf the ,
<br /> ' restoration or repair is not economically feasible or Lender s security would bc lessened,!he insurance praceeds shall be
<br /> applied to tre s�ms secured by this Security lristrument.whether or not then due,with any excess paid to Borrower. If
<br /> ' Borrower abandons the Property,or dces not answer within 30 days a notire from l.ender�that the insuranre carrier has
<br /> offeced to settle a claim.then Lender may collect the insurance proceeds.Lender may use the praceeds to repair ar restare ,
<br /> ._....__...__.._.....the Property.ar to pay_sums.secured by.this.Security.tnstrument,whether_or_nfitlhen due.a'he.34day periad will.begin..._..... _......._._.. ........ .. .. .
<br /> when the notice is given.
<br /> Unless Lender and Borr�wer nlherwise agree in writing,any applicaiion of procecds to prirtcipal shall not extend or
<br /> postpnne the due date af thc manthty payments referred to in paragraphs 1 und 2 ar rhange thc amount nf the payments.If
<br /> . under peragr�pb 191he Property is acyuired by I.ender,.Borrdaer's right to any insurance polictes''and proreeds resulting
<br /> from damage to the Property prior ta the acquisitian shall pass to Lender to the extent of thc sums secured by this Security
<br /> - . Instrument immediately prior to the acquisition.
<br /> 6. Prese►vAtion and Mainten�c�ce o!Property;Leasehoials. Borrower shall not destroy.damage os substantially
<br /> change the Pro�erty.allaw the Propertw to deteriarate or co�nrnit waste. lf this 5ecurity Instrument is an a leasehofd.
<br /> Borrower sha11 comply with the provcsiens pf the lease.and if Borrower acquires fee title tn thr Yroperty,ahe leasehold and ; ��
<br /> fee t�tle shall nat merge unte�s Lendet agceeg to the r�ae-ger in w riting � '
<br /> 7. Pec.iectian o3 f.etsder's Ri�,'.Cs in the Property; 1laftga�e lnsurancc. ]f t3orrower faiiy tn perfrrr�.the
<br />, covenants an6 a��.reernents contained in c�;:c5ecurity InstrUmem.%�t there is a Ieg�l prnreedsr.�that may siRnificant tx a�'ect
<br /> Lender's righss in the Pr�peny(such as a proceeding in banks�,tcy, pr�bate, tot cunder~;�:ation or to enfvrce .�y.�or � _
<br /> - ' t�gutr3tibhs).t�icn�.ender may do and pay for whatever is necessary fo proiect f6e vaiue of'Ihe Pmperty a^d Lender`s ri�hfti
<br /> in the Preperty. Lendei s acltnns m�y include paying any sumy serured by a licn whirh h�s pri��cit�•�,ticr this 5ccarity �
<br /> L lnsirument.appearing in coutt,psying reasonable attorneys'fecs and entenng�m the Prc�pert}'ti�make rcpairv,Atthnt�gh �'
<br /> Lette3er may take artian under this paragraph 7,[,ender dc�es nut have to dn so. ��:
<br /> Any amounts disbur�ed'by Lender urtder this patagraph 7�haU hecnme addit�unal debt of Fiorrnwer sccurc�i by thi� ti,
<br /> Security Instrument.Unless Harrow•er and Lendcr ugree t�►ather tetmc uf paynis:nt,these.amount��huti hear intcrevt fram ���
<br /> the date uf cl�sbursement al 1he Nate r.ite.md shali be r:syah)e.�vuh mteretit. upun nut�ce frum Lender t�� l�arrut��cr
<br /> reyucsttngpaytr�ent. - . ,: •�,
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