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<br /> . � 9�---102�98
<br /> UP11FpRM COVENANTS.Borrpwer and Lender covenant and agree as follows:
<br /> � 1. PaynNntofP�Inclp�landlnNr�N;PnpaymentandLat�Chs►p�s. Borrowe�shatlpronipilypaywhenduethe
<br /> , princlp�i of and interest on the debt evidonced by the Nate and any prepayment and late charges due under the Note. '
<br /> _ _ : F. �u�tNto�T�uuiu�dte�wrat�e. SubJecttoappltcablelawortoawrtltenwalverbyLender,BorrnwerehaHpay
<br /> ; to l.ende�u�the day monthly paymenta are due under the Nate,until the Note is palci in full,a sum("Funda")equal to i
<br /> one-twelfth ot; ��� yearly taxes and asses�menta whiCh may attaf� priorlty over this Security Instrument; (b) ye8rty ,
<br /> ( I�aNhold payments or q►ound rents on the Prope►ty, if any; (c) yesrly hazurd ineurenae premium�; and (d) ye�erly
<br /> : mortQeye insurance premluma,lf any.These items are called"escrow items".Lender may eslimate the Funds due on ihe
<br /> , ; basis of current da�ta and�easonable estimates o}iuture escrow items.
<br /> � Ths Fundssheli be held in an institution the deposits oraccounts ot which are insured or guaranteed by a tederal or
<br /> ':.: � at�ta agency(i�cluding Lendzr�f Lender is such an Institution). Lender s�aU apply the Fu�ds to pay the escrow items.
<br /> ���'�' Lenne�may not charge for halding and apptyi�g the Funds,analyzing the accou�t or v�rlfying the esc�ow items,unless
<br /> , � i Lender pays Borrower interest on 4he Funds and appilcabte law permils Lender to make suCh a charge. 8orroxrer dnd
<br /> j Lender may agree in wrlting lhat Interest shall be paid on the Funds. Uniess an agreement is Made oi appticable law
<br /> i requ�ce�interest to be paid,Lender shall�ot be req�ired to pay Borrower any interest or earnings on the Funds.Le�der
<br /> � shallgiveto8or►ower,withoutcha►ge,anannualaccouni�ngoflheFundsshowingc:editsanddebltstoth�Fu�dsa�dthe
<br /> � purpose for which each debit to tha Funds was made.The Funds are pledged as additianal secun�ty for the 5ums secured
<br /> � by theSeCUrity InSEac:ment. ,
<br /> If ihe amoua�E�f the Funds held by Len.rt�er,together with the}utur�monthly payments e,PF;c;nQs payabte prior tothe
<br /> i duedates of the escvow items,scxall exceed the amount requi�ed to pay the esC��w nCe:�s when due,the exce55 shali be,a!
<br /> � � Bor�owt�r's option,eether p►or:tNity repaid ta Borrower or credited to Borrower�n^�pnthly payments o3 Ewnds. tf th�
<br /> ��'� � amount of the Fr�nds held by Lencte�is not sufficient to pay tt►e escrow items wheu�;i�?.6orrower shafl pay io Lenderany
<br /> � ' � amount nece�sar}ea make up the deliciency in o�e or rreQre payments as requ�re�by Lender.
<br /> � � l�pc��payment�ntuNofaltsumssecu�edbythisSecuritylnstrumPnt.len�er5'�allprornpt3y�refundtaBorrowerany
<br /> Fundsh�ld by L.ender.If unde��r�raqraph 19 the P►opecQy�s sold or acquired by Lender,Lender$hall aFpts�.na later than
<br /> • i�nme��atety�prior to the sate oF tt�e Propeafy o� its acquisition by Lende►, any Funds hetd by Lender a4 4he time of
<br /> � app�icatian as a credit against ihe sums secured by this Security Insirument.
<br /> 9. Appllcatlon o)Paym�nt�. Unless applicable law prov�des otherwise,al!payments received by Lender under
<br /> : pa�agraphs t and 2 shali be applied:first,to late charges due under the Note;second,to prepayment charges due under �
<br /> the Note; third,to amounts payable under paragraph 2,fou►th,to�nterest duo. and last, to pnnc�pal due. f:
<br /> � 4. Char�r,Lieni. �orrowe�shal!pay all taxes,assessments,charges.fines and impositions atfributable to the �,
<br /> Prope►ty which may attain prionty over this Sec:unty Instrument. and leasehold payments or grpund rents, if any. . ;:
<br /> - - j 8u�iuwr� �i�aii pay ii�ryevui�yaiiony in tiie manner provideo m p�ragraph 2,or�t not pllq in that menner.BOrrOwer shall -
<br /> � paythemontimedirectlytothepersonowedpayment Borrowershallpromptlyfurmshtolenderallnot�cesofamountsto —
<br /> be paid under ihls paragraph If Borrower makes theSe payments directly, 8orrower shall promptiy furnish to Lende►
<br /> .: �— ivi.viNiScviuniwiiyii��peynteti'ts - — _ _ — _
<br /> ; 8orrower Shall prOmptly discharge any lien wh�ch has pnonty over th�s Secunty Instrument unless 8urrower(a)
<br /> � agrees in writing to the payment of the obligat�on secured by the lien�n a manner acceptable to Lender,(b)contests in -_
<br /> goad faith the lien by. or defends aga�nst enforcement of the I�en�n, legal proceed�ngs which in the Lender's opinion
<br /> � operatA to p�event the en}orcement oi the lien or fo►fe�ture of any part of the Property:or(c)secures trom the holder of the
<br /> � 8enanagreementsatisfactorytoLendersubordinal�ngthei�entothisSecuritylnstrument Itlenderdeterminesthatany
<br /> ; part of the Propehy is subject toa lien wh�ch may atta�n pnonty overth�s Secunry Instrument. Lender may giveBorroweia
<br /> ' ' notice identityingthe lien.Bo►rower shall satisty the I�en or take one or rt�core ot the act�ons set torth above withm 10 daysof
<br /> � j the giving of notice. �
<br /> � 5. Huard Insuance. Borrower shall keep the�mprovemenrs now ex�st�ng or hereafter erected on the Property �
<br /> !• insured against loss by tire. hazards mcluded w�thm the term "extended coverage"and any other hazards for which
<br /> ; Lenderrequires insurance.Th�s ensurance sha11 be ma�ntained�n the amounts and for the per�ods that Lender requ�res. "�.
<br /> � Theinsurancecarrierprovidinglhe�nsuranceshallbechosenbyBo►rou�e►sub�ecttoLender'sapprovalwhichshall�catbe
<br /> ' � unreasonably withhefd. -!
<br /> All in&urance policies znd renewals shall be acceptable to Lender and shall�nclude a standard mortgage clause 1'_.
<br /> � Lertdershallhavetherighttahctdthepoliciesandrenewals ItLenderrequ�res.Borrowershallpromptlyg�vetolenderall
<br /> . rece�pls of pa�d premiums and renewal noUces In the event of loss.Borrower shall g�ve prompt not�ce to the msurance . �
<br /> carrier and Lender.Lender may make proot ot loss d not made promptly by Borrower
<br /> Unless Lende�and Borrowe�otherw�se agree�n wr�tmg,msurance proceeds shall be apphed to restorat�on or repair
<br /> • ot the Property damaged.if the restorat�on or repa�r�s econom�cally feas�ble and Lender's secur�ty is not lessened if the
<br /> ' restoraliOn or repair is noteconom�cally feas�ble or�ender's secur�ty would be lessened,ihe�nsurance proceeds sha11 be
<br /> � applied to the sums secured by this Security Instrument,�vhether or not then due.w�th any excess pa�d to 8orrower.If �
<br /> � 8orrower abandons the Property,or does not answer w�thm 30 days a not�ce from Lender that the insurance carrier has
<br /> + oiferedto settte a c�afm,then Lender may collect the�nsurance praceeds Lender may use the proceeds to repair or restore
<br /> � tite f'rop�rty or to pay sums ceCU�ed by this Secur�ty lnstrurr:ent.:•rhether or r�ot then duc T hc 3fl-day Rer+od w+lt begin
<br /> when the notice is given.
<br /> Unless Lenderand Borrowerotherw�se agree m wr�t�ng,any appl�cation ot proceeds to pnnc�pal5hall not extend or
<br /> postpone the due date of the rreonthly payments referred to�n paragraphs t and 2 or change theamount ot the payments If
<br /> : under paragraph 19the Properiy�sacqu�red by Lender,8orrower's nght toany�nsurance pot�c�es and proceeds resulting
<br /> ! IromdamagetotheProperty t�OrtOth6dC uiait�onshall asstql�nr�w►t lhaortantnithn �, � Y. • �
<br /> _, P Q Q � 5::..S S_C EG�by.lSiS SCC::':.Y :-�,�.:-:
<br /> , Instrument immediatety pnor t�the acquasition. ,
<br /> 6. pr�serwation and Ma+r�tenanee of Properly;Lesseholds. Borrower sha.�not dest�oy, or damage cr substan-
<br /> tiailychangetheProperty.allowtheS�ropertyt�deter:�ra'eorcomm�twaste Itth�sSecur�tyi�st�;.rnent�senaleasehold. •
<br /> ' BorrOwer shall comply with theprovisiortsc2f��p lease.a�d�1 Borrower acqu�res fee t�tteto tne F"�c�erty.the leasehold and
<br /> ' fee trtleshall nat me�ge uniess lendecagrees to the me�ger�n wr�•�•� �
<br /> 7. P�otettionpfl.enQ�er'sRighislnthePrap�rty;Mortgspelnsurance. �fHc�r�wPrta :stopertormthecavenants
<br /> ; � andagreementsccnta�ned�n.*►�sSecuntylnstrument.ortnere�saFegalproceeC•-�?�+atmays�gmf�canllyaffectLender's
<br /> � ►ightsenthePro�.2rty(suchasaproceedmg�nbankruptcy.proaate.forcondemnat�onortoenforcelawsorregulat�ons).
<br /> then Lender may do ariti pay for whatever is necessa�y to protect Ine vaiue o�the Property and Lender s r�gnis�n the
<br /> Property Lender's aCtions may �nclu�e pay�ng any sums secured by a i�en wh�ch has pnor�ty over tn�s Secu��ty A
<br /> 'Mstrumenl.appearmg�ncourt.paymgreasonab�eattomeys feesandentCnngpnlhePropBrtyfOm�kCrenairs AlthOU9h
<br /> 4ender may take act�on under t��s paragraph 7,tender Joes not r:ave to Ao so ,,
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<br /> Anyam0un15disburSedbyLenderunderth�Sp�ragraph75hallbecume�dr3�t�on�slclE�pt;��B���c�v�e�:,ecure�dby?h�°. r� ,
<br /> SPCUritylnStr��n�gn! Un!@S59prrp;:er�ndLenderagr�QloGtl;erterrn5_�:G,�+yn�E•nt It�c•�e�ir��ui.�ds�.r���•p�•�r�nterp5tfrnm
<br /> Ihe date ot d,sbu�seme�nt ilf ihC IVOie raie and snan he payFib�k• .'nl►� ir�If�iE'Si ���U�� ni_>qiC�• Irc��n �.•n,yt•� 1!i Fi��rrc„NE�r
<br /> ' requesint� p<�yment
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