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<br /> UKIFARM CovENANTS. Borrowe�And Lende�cavenant nnd ngrcc us Pollows� Qn� �Q ti V�V
<br /> l. P�y�e�f ot Prtacl�l�ed I�terest,PreMy�neM�nd l.*te(:h�r�. �uarrow�e�shnll�rumplly �+Ty whcn due
<br /> � she principal af an�i inter�si an Eha debt evidtnc�d by thc Note and any prepnyment and tate ct�rges due i�nder thc Nate.
<br /> 2. �u�forT�xa�ad]eaarn�ce. Subject eo�pplic�ble law or tn a written w•aiver hy Lender,Borrower shell pay
<br /> to Lender an tht day monthly payments�re due under the Note.unlil the Note is puid in Pult,a sum("1'uiids")equnl t��
<br /> � one•tMe1Rh of: (�) yeurly t�xes end assessments which msy atisin priarity over Ihis Securily Ins�rument; (b) yearly
<br /> laxhold p�yment� ar graund rents on the Prope�ty. if any; (c) yeA�ly hezard insurance premiums; and (d) yea�ly
<br /> morsp�iesu��nce premiums. if any.Thex items are ctlted"csrrow itcros."l.endcr may estimate Iht Funds duc an the
<br /> b�sis et'cunent dat�ar.M�e�onsbic aterr�tes oPlliture escraw items.
<br /> The Funds sha116e held in�n institutton ths deposits or�ccouats ut which�rc insured ar�u�ninteed by a federei or
<br /> st�te a�ency(includina L.ender if Lrnder i�such an in�titution). Lender sh�p�pply the Funds ta p�y the escrow itema.
<br /> � l.ender m�y not eA�rse for holdinj and�pplyie=the fiund�,analyzin�the account or verifyina Ihe escrow item�. unlas
<br /> Lender pays Borrower interest on the Fund�and applicable taw permit�Lender to m�ke such a charge. Barrower�nd
<br /> I.enckr nu�y�ara in wrritin=that interat ahdl be paid on the Funds. Unless an a��ament is m�de or�pplir�ble IAw
<br /> m�uira lnterest to be pdd,Lrnde��hall not be roquired tn pay Barrower any interest or a�rnings an th�Fund+.I.ender
<br /> shall sive to�ower.without char�e,aa annwtl�ccountinj of the Funds eho�vin�c�edits and debits to the Fund�and the
<br /> putpoee tor wthich each debit to the Fund�Ma�made.The Funds ue pled6ed�a additional security for the sums secured by
<br /> thisSecurity lnstrument.
<br /> , If the�mount d'the Funds held by Lender.to�ether Mith the future monthly payments of Fund�psyable prior to
<br /> . the due data of the eacrow items.shall exceed the arnount required ta pay the acroM items v�heo du�,lhe excesa ahsil be,
<br /> ' at Borm�rer's optlon�either promptly reptid to Bonower or creditcd co 8arrower on monthly psymcnts of Funds. 1P the
<br /> ! amount oP the Funds hetd by l.ende�i�nnt au11i¢imt to pay Iha escrow items when due,8arrower sh�li pay to l.ender any
<br /> amount nece.uary to rn�ko up the delkiency ln one or morc p�yments a�required by Lender. .
<br /> Upon payment i�n Cull oP all sums secured b�this Security lnstrume�t.Lender shall promptly refund ta Borrower
<br /> any Fund�held by I.endes.kf under par�araph 19 the Property is sald ar acquired by Lende�. Lender sl�all apply,na later
<br /> than immediately prior to the ssle of the P�operty or its acquisition by Lender.any Punds held by Lender at the time of
<br /> spplicatlon u a credit aEainst the sum�secured by this Security instrument.
<br /> . 3. Ahlicado�o�Paywe�b. Unless applicabte Isw p•ovides atherwise.all paymrnts received by L.endcr under
<br /> W�EnPh�1 aod 2�hs11 be applitd:flrst�to lste charges due under the Natr,urond,ta prepayment chsrges due under the
<br /> iVotr third�to amounts payabk under par�srsph 2;founh�to interest due;and last.to principal due.
<br /> 4. AarQe�Lieps. Barrower shaU pay all taxes�assessEnents�charges,flne.g and impositions altributable ta�the
<br /> Property �whi�h may attain priarity.over thia Security lnst�ua�r��t, and leasehald payments ar ground rents, ig any.
<br /> Bonower shall p�y thae obliastion�in Ihe manner provided in paragraph 2,or iP�ot paid in that manner,Bc�rrawer shall
<br /> pay them on time directig Yo the person owed payment.Borrower chell promptly Purnish to Lender all notices of amounts '
<br /> to be paid under this psr�gaph. If Borcower makes these payments directly.Borrawer shall pramptl}furnish to Ltnder � ,
<br /> ; receipts evidencing Ihe paymen�s.
<br /> BorroMer+hall promp�ly discharge any lien which has priarity aver this Sccurity Instrument unless Borrawer:(a)
<br /> �.g�i�ir:�;tting t.;ihc�y�es�.�!'ihc c�0igaiiri o�.CiiiCtt��tk=:is�ia:.�sar.a�r axr�si.:blr i:.:.an�s::t�!r;sr.:Mc:s i:.e""c.....� !-._-
<br /> fsith the lien by.or defends a�ainsl eeforcement of the lien in,legal proceedings which in the Lender's opinion aperate to � • �.�
<br /> prevent the enforcement oP the lien or forfeiturc of any part oF the Praperty;or(c)securcc from the haWer ot the lien an
<br /> a�tretetmt aatisfacicuv to I.ender suhnrdinatine ihe lien tn thic Ceri�rity Ine�rnm�ne If 1�ndor dM�rmi�e Ihat arrc nart�f . _'.
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<br /> the PraperE};is subject ta s+lieo which may attain priority u�er ghis Securily Instrument, Lender may give 8nttawer a � �
<br /> noliee ident�fyina the lien.Borrower shal)iaati�fy the lien or take uc�r or mare ol'the aciions cet fonh abc�ve within 10 day4 -
<br /> of the sivin�of notice.
<br /> S. Hasard I��s�ee. Botrower shall keep the impravements noM e�istin�or hercafter erected nn the f'roperty ` �
<br /> insured sptinst loss by fire.hazards included within the term"e�tendrd coverage"nnd any ather hazards for which l,ender
<br /> requ�res i�surana. This insurance shall be maintained in the amounts and Par lhe prriucis that l.ender reyuires. The
<br /> insuance carrler pmviding the insurance shall be chosen by Barrower subjec� tu Lendec s approval which �hall not be
<br /> ; unraaanably withheld.
<br /> • All insurance policies and rrnewals shall b�e acceptable to Lend�r and shall include a standard mortgage clause. f
<br /> fl.ender shal!have the right to hold the polici�and renewals.IP Lender requires.Borrower�hall prom�tly Rive to Lender �
<br /> aU receipts a#'paid premium��nd renewal notices.!n the event of foss,l3orrawer shaU gice prompt notice to ihe i�surance .
<br /> qrrier�nd i ender.Lender may make prcwPof I�xs if nat made promptly by Aorrnwer. �
<br /> Unkss Lender and 8orrower otherwise agree in writing,incurance proceeds shaU be applied to restoration or repair �*.
<br /> a�f the Property damaged.if the restoratian ar repair is economically feasiblc and Lender's cecurity ic not lesuned. If the
<br /> restoration or repair is nnt economically feasible or Lender's security would be lecsened,�he insurance proceeds shall be
<br /> a�lied tn�he sums�urcd by this Sccuri�y Inslrumrnl,whether�►r not Ihcn due. wilh any earess paid Ia [iurmucr. If
<br /> 8arrower abandons the Praperty.ot does not answer w:thin 30 cfaya a nntice from Lender that the insurance camec has
<br /> offerod to setde a claim.lhen l,ender may eolleet�he insutance pn�ceeds. Lender may use the proceeds to repaie or resrore
<br /> the Property or to pay sums secured by this Secuncy Instrument, whether o�not then due.7'he 30-da} period wil!begin
<br /> ,.when the notice is sivsn.
<br /> llnlecs Lender and Borrovvet otherwise agme ir writing,any application of�nkeedc to principal shaU not eatend ar
<br /> postpone tftedue date oPthe monthly payments referred to in parsgrapE�s !and 2 or change the amount of the paymeats.if
<br /> • under par�r,sph 19 the Property is acqu�red by l.ender,Borrower's nght to any incurance{+alicies and proceeds resulting
<br /> frocn datn�ae to the Property ptior to the atquisEticn shai!pass to l.end�r to thc cxtent of the Sums secured by t his Securily
<br /> #t►stnjnient imme�iiateiy prior to the ncq�isition.
<br /> 6. Praer�atio�sed Rltiwteeaece ot Property;Lesseholds. Horrower�hall nM dectr�y,damagr or suFntantially
<br /> change the Property,apnw the Property to deteri«rate or comReit wa�te. If thi.Security Instrumrm is on a leasehc�ld,
<br /> Borrower shall compl�with the provisions of the leace,and if E3orrower acyuirrs!'ee title to�he Pr�peny,the Iracehold ar�d
<br /> fee litle shall nat merge unless Lender agrees to the merger in writing. ___ ____
<br /> 7. Protectiw of I.ender's Righls !n the Property; ;liortgage Insunnce. If Borrower failc tn perform ihe .
<br /> eovenants�nd eareements contained in this Srcurity Instrument,or there is a Iegal prc�ceedtng�hat may s�gnificantly afiect
<br /> Lender's rights in the Propeny (such as a proceeciing in bankru�ptcy, proba�e, for condemnat�on or 1�enforre lavrs or
<br /> reaulations).then Lender may do and pay for whate�•rr is necessary tc�protect the�alue of the Propert}and Lender's r�ghts
<br /> in the Property. Lender's actionc muy include paying any sums secured by a lien which hac prionty o�e�this Securily
<br /> lnstrument,ap�+e,�ring in coun,paying rcasonable attorneys'fees and entenng on the Property �o m�ke repa�rc Although
<br /> i.ender may take action under this paragraph 7,Lcnder dcxs nat ha��e to do�o. Y
<br /> LAny amounts disbursed by Lender under Ih�c paragraph 7 shali berame adduinnal deM�f HorroNer�ecured by th�c
<br /> SeCUtity 1nslrument UnQesc Borrowcr and Lender a�ree to other tetma of paymenl,�hece amountc shall t+ear interest from
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<br /> fhe dste of disbursemtnt at the Natr, ra�e and ahal) be payabl�, w�lh intcre�t, u�x�n nouce fmm Lender tn �rr�wer ti
<br /> requesting paymcnt. �
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