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<br /> I UNIFI'�FiM Cf►YFNAN fS I3arrower and l.endt�ci�venant und ngree u�fallaw`� �o�o����
<br /> ' !, �'vymcnt at E'rinclpitt on�d later,�ese;Fs�eg�}mPi+t Mnd l.xte Chxr��s, Fls�rr��t�e�.hi�li �+mn��tly p:iy ��hr���tuc
<br /> - i�t:�:�tt:i�,�!:..an��ni.-r�ei�-�;�t;��1CLO 1L��1�j�1�Z1����he Ni�i�ii�id;�ity S,tc��iyutc�ii un�i lutc cFuirgc�duc und^r ihr tivir.
<br /> 2. �und�far Twxe'�nd InsvrNece. Subject t��appl�cciblc!�H•�r ta a w•riucn a�ai�cr hp[rndcr,i3nrmH•cr�+hall pay
<br /> ta I.ender on thc day mnn�hly paymen�s u�e due under thr Note,wi�il the Note is p�id in Pall,n sun►("i�undi'1 cqual to
<br /> r ane•twelith ��f: (a) }carly taxe� und acsessmcnis which may attain pri.�rity o�er this Seruri�y In�trument; (h1 ycarly
<br /> ! lea�chold �ymcnts or ground rent� on ihe Pruperty, i� any; (c) yraely haz:ird insurunrr premiums; nnd i�1 Y�a��Y
<br /> mortgage invurancr premiums, if a�i}. Tht�r items are cailed"escrow items."Lender may estimate the Funds due rn thc
<br /> basis of current data and reasonnble estimates oPfuture escrow items.
<br /> Thc fiunds shall be hctd in�n institutian the deposits or accounts of whirh are insured or Ruarunteed by a federal or
<br /> stato Agency(including Lender if Lender is such an instituiion). Lender shaU apply thc Funds to ppy the escrow items.
<br /> Lerider may not charge for holding and applying the Funds,analyzing tha accaunt or verifjing the essrow items,unless
<br /> Lender pays�orrower intetest on the Funds and aPplicable law permits Lender ta make such u charge. Bar�ower and
<br /> Lender may agree in writing that iateresi shall be paid on the Funds. Unless an agreement is made ar applicable law
<br /> requi�es interest to be paid,Lender shall nat be rcquired to pay Bonower any interest�r carnings on the Funds. Lender
<br /> shall give to Borrower.without charge,an annua!accounting of the Funds showing credits and debits to the Funds and the
<br /> ' purpasc for which each debit to tht Funds was made.7he Funds are pledged as additional security for the sums secured by
<br /> this Security Instrument.
<br /> �f the amount of the Funds held by Lender,together with the future monthly payments of Funds payable prior to
<br /> . ihe due dates of the escrow items,shall eaceed the amaunt required to pay the escrow items when due,the eacess shall be.
<br /> . at Borrower's option,either promptly repaid to Barraw�r or credited to H�rcc�wer on monthly payments of Funds. If the
<br /> amount oi'the Funds held by Lender is not sutl'icient to pay the escrow items W hen due,Borrower shali Pay to Lender any
<br /> . . amoun!necessary to make up the deficiency in one e�a more payments as requnred by Lender.
<br /> � Upon payment in ffu11 of a11 sums secur�d h�;this Security Instrumeret.Lender shall promptl}��fund to Borrower
<br /> any Funds held by I,ender.if under paragraph 19 the Property is sold or acquired L+y Lender,Lender shall appl}�, mo later
<br /> ' than immediately prior to the sale of the Properiy or its acquisition by Lender.any Funds held by Lender at the time of
<br /> application axa�redit ag�inst the sums secured by this Security Instrument.
<br /> 3. Applieation of P�yments. Unless applicable!aw p*ovides otherwise,all payments received by l.ender under
<br /> paragraphs 1 snd 2 shall be appliod:flrst,to late charges due under the Note;second,to prepayment charges due under the
<br /> � Note;third,to amounts paSable undar paragraph 2;fourth.to interest due;and last,to principal due.
<br /> 4• Aarges; Littu. Borro��es shall pay all taxes. assessments,charges.fines and impositions attributable to the
<br /> Properiy which may attain priarity.over this Security Instrument, and leasehold payments or ground rents, if any.
<br /> Borrowet shall pay these obligations in the manner provided in paragraph 2.or if nat paid in that manner,Bonower shall '
<br /> pay them on tirne directly to the person owed payment.Borrower shall promptly furnish to l.ender all notices of amounts �
<br /> to be paid under ihis�paragraph. If Borrower makes these payments directly,Borrower shalf promptly furnish to Lender
<br /> ; �eceipts evidencing the payments. ;
<br /> Horrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower:(a) �
<br /> � agrees in wr�ti�g tu i:�e payayei�t vi'ti�e ubiigatiun socureci by the iien in a manner acceptable to i.ender,(b)contests�n good
<br /> faith the lien by,or defends against enfQrcenient of the lien in,legal proceedings which in the Lender's opinion operate to
<br /> - p,tveni irne eniorccment vf thc iien or forfeuure ot'any part oTthe Pro�erty;or(c)secures from the holder oi'the lien an
<br /> agrament satisfactory to Lender subordinating the lien to ihis Security Instrument. If Lender determines that any part of
<br /> the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a
<br /> notice identifying the lien.Bonower shall ssitisfy the lien or take one or more of'the actions set forth above within 10 days "
<br /> • . of the giving of notice. •��
<br /> . 5. Hazard Iesu�anee. Bonower sha11 keep the improvements now existing or hereafter erected on the Property ;'
<br /> ; insurod against loss by fire,hazards included v�•ithin the term"extended coverage"and any other haiards for which l.ender , !
<br /> rcquires insur,�rcco. 'I'his insurance shal) be maintained in the amaunts and for the periods that I.ender requires. The
<br /> � insurance carrier providing the insurance shall be chosen by Borrower sabject to Lender's approval which shall not be r
<br /> unreasonably withheld. �
<br /> All insuranee poEicies and renewals shall be aeeeptable to Lender and shall include a standard mortgage clause. '
<br /> Lender shall have the right to hold the policies and renewals. If Lender requires.Borrower shall promptly give to Lender
<br /> all receipts of paid premiums and renewal notices.In the event of toss,Borrower shall give prompt notice to the insurance ` '$
<br /> carrier and Lender.Lender may make prooFof loss if not made promptly b}Borrower.
<br /> � Unless Lender ared Borrower otherwise Agree in writing,insurance grc�ceeds shall be applied to aestoration or repair �
<br /> of the Property damaged,if the restoration or repair is economically feasible and Lender's security is not lessened. If the
<br /> restotation or repair is not economically�easible or Lender's security would be lessened, the insurance proceeds sha11 be
<br /> applied to the sums secured by this Security Instrument, whether or not then due. �vith any excess paid to Horrower. If
<br /> Borrower abandons the Property.or does not answer within 30 days a notice from Lender that the insurance carrier has
<br /> offered to settle a claim,then Lender may collect the insurance proceeds.Lender may use the proceeds to repair or restore
<br /> the Property or to pay sums secured by this Security Instrument,whether or not then due.The 30-day period will begin
<br /> when the notice is given.
<br /> Unless Ixnder and Bottower otherwise agrce in writing,any application of proceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments ret'erred to in pa�agraphc 1 and 2 rn change the amount of thc payments. if
<br /> under paragrapi�i9 tiir t'rvperty is acquired by Lender.Bonower's right to any msurance poiicies and proceeds result�ng
<br /> from damage to the l�ropeny pnor to the aequ�s�tcan shall pass to Lender to t he extent of the sums secured by th�s Security
<br /> lnstrument immediately prior to the acquisition.
<br /> 6. Presaerration smd MaintenRnce of Property;Lesiseholds. IIorrower�hall not destray,damage or substantially
<br /> change the Property, allow the Property to deteriorate or commit waste. If this Sesurity lnstrument is on a le�sehold.
<br /> Bonower shall compfy w-nth the provisions of'the i�se.and�f$orrower acQu�ses fee title to the Property,the leasehmld and :-- =_ -
<br /> fee title shal!nat metg�u:Icss l,�,^si;lcr agre2s to t�e rr�erger ii�writing. �
<br /> 7. Protection of Ixnder's Rigtits in the Property; Vortgage Insurance. !f Borrow•er Pails to perfc� �he
<br /> covenants and agreements contained in this Secunty fnstrument,�r t here i�a Iegal procce�d:ng that may significaat iti affect
<br /> I.ender's rights in the Property (such as a proceeding in hankruptcy, probate, for condemnation or to enforce lawe or ,
<br /> regulations},then LendeQ�may do and pay for whste�er is neccssary to protect the value�f the Property and Lender'�nghts
<br /> in the Property. l.enQer's actior�s may include paa;ng any sums secuted by a hen which ha� pnnritq rner this Secunty p
<br /> lnstrument,appearirzg in court,paying reasonable attorneys'fces and entermg on the Prn�erty�to makc repa�r�.�lahough �',
<br /> L . Lender may taice action under Ihis paragraph 7,t,ender does r.c+t ha�•e to dn so.
<br /> Any antaunis ditbursed hy I.etider under this paragraph 7 chall hec�me addilu�nal deM ��f He.rmarr serured by this f�i'
<br /> Secunty Instrurnent. t'nless 8orrow�er and Lender agree tc+other termt c�f�+ay ment,thr�e amnunts tihall hear mtere5t from �m
<br /> the date of disbursement at the Notc rate and �hall be �+a}able. ���th mtcrrtit. u�c�n ni�tuc fr��m Lcndcr t�� Hc•rmwer �
<br /> requcstin�payment , �.
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