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<br /> UN1FO1tM COVENANTS. Bortower and Lender co��tnant and agree as follows: 90----1 0 2 2 8 3
<br /> � 1. P�yweqt ot Priaci�al�ud Intere�t;Prepayment�d I.ate ChuQes, Hotrower shap promptly pay whcn�ue
<br /> tfir principai of and interest an the debt cvidenced by the Note And any prepayment and late charges due under the Nnte.
<br /> 2. FyeQb tor Tudt asd Imurat�ce. Subject ta applicable}aw or to a written waivcr by Lender,Harrower shall pay
<br /> to Lenda on the day monthly payments are du�under the Note, until the Note is paid in full,a sum("Funds")equal to
<br /> one-twrdRh oE (a�yearly aaes and �.ssescments which may att,3in prinrity over this Security Instrument; (b) yearty
<br /> lruchold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br /> aiortaaae insarance premiusns,if any.These items�re called"escrow items." Lender may estimate the Funds due on the
<br /> b�asis o6curnnt data u�d resso�able estimatrs of future escraw items.
<br /> The Funds sh�i be held an an institution the depasits or accou�nis of which are insured or guaranteed by a federad��r
<br /> sute�t�ency(inclu�iea Lender if Lender is such an institution). Lender shall apply the Funds to p�y the escrow items.
<br /> Lender msy not Eha�rge for holding and applying the Funds.an��zing the account or verifying the escrow items, unle4s
<br /> Let+�er Q�ys BortQwer inttrest on tlie Fut�ds and�pp?icabk taw pem�its Lender to make such a charge. Sorrower and
<br /> k�r�Y �6��n�►'riting that interest shall be paid on the Funds. Unless an agreement is made or spplicable law
<br /> roquires interest tu be pnid,Lender sh�l! r�at bc required to pay Borrower any interest or carnings on the Funds.Lender
<br /> shall give to Borro�ver,without charge,an annwl accounting of the Funds showing cretiits and debits to the Funds and the
<br /> purpose for which each debit to the Fuads was made.The Funds ue pledged as additional security for the sums secured by
<br /> this Scciuity Instrument.
<br /> ' Iithe amount of the Fu_�nls held by Lender,together with the futurc rnona�ly payments of Funds payable prior to
<br /> the due d�tes of the escrow items,shall excad the amount required aa pa�the escrow items when due.the excess shal!be,
<br /> at Borroaer's oRtioea,either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. IE the
<br /> amount of the Funds held by I.�ender is not sufficient to pay the escraw items w hen due,8orrower shall pay to Lender an�
<br /> aanount neces,�ry to make up the deRciency in one or more payments as required by Lender.
<br /> Upon p�yrnent in futl af all snm�secured by this Security lnstrument.Lender shall promptly rcfund to Barrower
<br /> any Funds held b�Lender.If u�der paragraph 19 the Property is sQd�or acquired by Lender, Lender shall apply,no Iater
<br /> than immediately prior to the sale of thc Praperty or its acquisition by Lender,an�Funds hetd by Lender at thc time of
<br /> •pplicstion as a credit against the sums secured by this Security Instrumsnt.
<br /> . 3. A�IkaHoe of Psy�b. Unless applicable law provides otherwise,atl payments received by Ltnder under
<br /> parsgr�pha 1 and 2 shall be applied:first,to late charges due under the Note;second.to prepaymerst charges due under the
<br /> . Notr,third,to amounts payable under paragraph 2;fourth,to interest due;and last,to princip�l due. �
<br /> 4• t�ar�e�Lkas. Borrower shall psy a11 taxa,usessments,charges.fines�nd impasitions attributable to the
<br /> Property Mhich may attain priority,over this Security Instn�mrnt. and teasehold p�yments or ground rents. if any.
<br /> Borro�ver shall pay these obligations in the manner provided in paragraph 2,or if not p�id in tha�manner.Borrower shall
<br /> � i�3=r�°n==m��ird=�Y=a i����x��,���wai payment.aonower shall promptfy furnish to Lender all notices of amounts --
<br /> to be paid under this paragraph. If Horrowtr maita thest niymentc directlya M��.�,�_,�;�l�r;�r;Y=;i���i�:��u�����
<br /> - rectip�s evidencing the paymrnts.
<br /> Bonower shall prompdy discharge any lien which hu priority over this Security lnstrument unless Borrower:(s) -
<br /> aareq in writing to the psymmt of the obligation securaf by the lien in a manner accepuble ta Lender;(b)contests in good
<br /> faith tht lirn by,or defends against enforcement of the lien in.legtl proceedings Mhich in the Lender's opinion operate to �
<br /> prevent the rnforcement of the lien or forfeiture of any part of the Property;or(c)secures from the hoJder of the lien an �'
<br /> ageement astist�ctory to Lender subordinating the lien to this Socurity Instrument. If Lcnder determines that any part of
<br /> the Property is subject to a lien which may attain priority over this Security lnstrummt, Lender may give 8orrower a �
<br /> notice identifying the lien.Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days '
<br /> of the giving of notia. ;
<br /> S• Har�rd I�a�anee. Bonower shall kap the improvements now existing or hereafter erceted on the Property *
<br /> insured against loss by fire,huards included within the term"extended coverage"and any other hazards for which Lender ' �`
<br /> roquira insurance. This insurance sha11 be maintained in the amounu and for the periods that Lender tequira. The �
<br /> insuranee carrier providing thc insurance shali be chosen by Borrower subject to l.ender's approval which shall not be .�t
<br /> unrdsonably withheld. �
<br /> All insurance policies and renewals shall be accepcable to Lender and shall include a standard mortgage clause.
<br /> Lender shall have tbe�ight to hold the palicits and renewals.If I.ender requires. Borrower shall promptly give to Lender �
<br /> all receipts of paid premiums and renewa)notices.In the event of loss,Borrower sha1D give prompt notice to the insurance
<br /> camier and Lender.Lender may make proof of loss iP not made promptly by Horrower_
<br /> iJnless Lender and Borrower otherwise agree in writing.insurance proceeds shall be applied to restoration or repair
<br /> of the Property damaged.if the restoration or repair is economically feasible and Lender's security is not Iessened. Jf the
<br /> reatontion or repais is not economically fessible or Ltnder's security woutd be lessened,the insurance proceeds shall be
<br /> applied to the sums secured by this Security Instrummt, whether or not then due,with any excess paid to Borrower. If
<br /> Borrower ibutdons the Property.or dcxs not answer within 30 days a notice from I.ender that the insurance camer has
<br /> • offered to settle a elaim.then L.ender may cullect the insurana proceeds.Lender may use tMt procads to repais os restore
<br /> the Propeny or to pay sums secured by this Security Instrument,whether or not then due. The 30-day period wi11 begin
<br /> when the notice is given.
<br /> Unless I,ender and Bortower otherwise agree in writing,any a�splication of proceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments referrod to in paragra�hs i and 2 or change the amount of the payments.If
<br /> under paragraph 19 the Property is acquirod by Lender.Borrower's right to any insurance policies and proceeds resulting
<br /> from damage to the Property priar to the acquisition shall pass to Lendec to the excent of the sums secured by this Secnrity "- �
<br /> tnstrexrrESnt imm=diztely p.*i�r tfl tht acquisitior. •
<br /> 6• Preser►aYion and Mainteeance o!Fropertg;I,easeholds. �orrower shalD not destroy.damage or substantially
<br /> chsnge the Propertg.allow the Property ta detenorate or comrnit waste. If this Sccurity lnstrument is on a leasehold.
<br /> Borrower shall comply with the provisions of the lease,and if Borrower acqwres fee title to the Propeny,the leasehold and
<br /> � fee title shall not merge unless Lender agrees to the merger�n wnting.
<br /> �. ProtecNan of Lender•s Rig6ta in t6e Property; Mortgage Insurance. If Borrower fails ta perform the �
<br /> eovenants and agteements contained in this Security Instrument,or there ts a lega!proceeding that may sigmficantly aflect �
<br /> � Lender's rights in the Property (such as a proceeding in bankruptcy. probate, for condemnat�on or to enforce laws or
<br /> rcgulations),then I,ender may do and pay for whatever is necessary to protect the�•alue of tAe Property and Ixnder's nghts �
<br /> in tht Property. Lendci's aetions may�nclucie payino any ��ms ���rp� hy � i��n wh:ch has pr:o:�t� �+er th�s ��.;;r:ty !s>
<br /> Instrument,appearing in court,paymg reasonable attomeys'fecs and entenng on the Property to make repairs.Although �,��
<br />. L.ender may take act�on under thts paragraph 7,l.ender does not have to do sc�
<br />• Any amounts dishurced by�.ender under[h�s par�gra�+h 7 shall t+ecome add�uvnal d�i+t c�f Bormwer secured by this ��
<br /> Secunty lnstrument. Unless 8orrower and Lender agree to other terms of payment,these amcnmt��hall hear interc-st frum
<br /> the datt of disbutsement at the Note rate and shall be �+ayable. uith �ntcre�t, u��n noticc frt�m l.ender t;. finrr��uer
<br /> requesting paymem
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