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<br /> ; 90-- 142�2"1
<br /> UNIFORM COVENANTS. 8orro4ver and 1.tnder covenant��d agree as follaws:
<br /> � 1, P�y�t ot PN�clp�l a�d leterat;ProMymeet usd�.+ite CharRes. Borrowe�shall promptly pay when due
<br /> the princiF►al oi'and interest on the debt evidenced by the Note and any prepayrr�ent And late chacges due under the Note.
<br /> 2. F��lor'Iaxa�i tu�unu�ce. Subject to applic�tble law ot ta a wntten waivct by Lcnder,Borrowet shall pa}
<br /> to I.ondec on the day monthty payments ss�due aeder the Note,unti!the Note is�id in(ull,a sum!"Funds'}eqo�l t�
<br /> ax-twdRh of (a�yeuly taaa and assessmenta which mAy �ttaia priority over this Security Instrument; (b) yarty
<br /> lauehald psyment� or araund �ents an tht Property, if ang; tc) yeu[y hatard 'easurance premiums; an� (�) �reatty
<br /> Enortaaae insurance premiums,if any.These items ue called"escrow icems." Lender may estimate the Fands due a�the
<br /> brsis ot'current dAta and reaso�abie estimates of future escrow isamy.
<br /> Thc Funds shall be hetd in an institution thc deposits or accounts o1'which are insuced or guar.anteed by a fedesalbr
<br /> state ajency(including Lender if Lender i.9 such an institution). Lender shall apply the Funds to pap the escrow items.
<br /> Lender msy not charge for hoWing and applying the Funds,inalyzing the accounc oc veri£jr;ag tnt es�rmw items� unkss
<br /> Lender pays Hc�rrower intcrest on the Funds and spplicabla IuM permits l.ender to maite such a charge. Borrower tnd
<br /> Le�der may asree in wtiting that interest sh�ll be pwid on the Funds. Unless sn sgreement is made or applicable liw
<br /> roquira intaest to be p�id,Lender shall not be required to p�y Barrower any inte�est or arnings on the Funds. Lender
<br /> tha116ive to Borrowa,without charge,an annual accounting of the Funds showing credits and debits to the Funds and the
<br /> purpose for whieh each debit to the Funds was made.The Funds are piedged as additional security for the sums secured by
<br /> this Securit�Inswment.
<br /> If the amount of the Funds held by Lender,together with the future monthly payments of Funds payablo prior to
<br /> the due dates of the escrow items.shall exceed the amount requirod to pay the escsow items when due.the excess shall be.
<br /> tt Bortaxer's optiea,either promptly repaid to Bonower or credited to Borrower on monthly payments of Funds. If the
<br /> unount of the FundS held by Lender is not svfficient to pay the escrow items when due,Borrower shal!pay to l.ender any
<br /> artiount necessary to make up the deficiency in one or more p�yments as rcquired by Lender.
<br /> Upon psymrnt in full of all sums secured by this Sccurity lnstrument. Lender shall promptly refund to Borrower
<br /> �t►y fi�nds held 6p Lender.If under pusgraph 19 the Property is sold ot acquired by Lender,Lender sha11 apply.no later
<br /> than immediatd��cior to the sale of the Property or its acquisition by Lender,any Funds held by Lender at the time of
<br /> �pplication ua credit against the sums securod by this Security Instrument.
<br /> 3. Ap�ticatioa o!P�ya�enb. Unless applicable law provides otherwise,all payments receivod by Lender under
<br /> ptn�raphs 1 and 2 shall be applied:fi�st,to late charges due under the Note;second,to prepayment charges du�under the "
<br /> Notr,third.to amounts payable under paragraph 2;fourth.to iaterest due;and last,to principa!due.
<br /> 1. �Clargtx Lie�u. Borrower shall pay all taxes, assessments,charges,fines and impcuitions attributabte to the
<br /> Property w►hich may at�ain priority.over this Security Instrumrnt, and leasehold payments or ground renu. if any_ '
<br /> Borrow►er sh�ll pay these obligations in the manner provided in p�ragraph 2,or if not paid in that manner. Borrower sl�all i
<br /> p�y them on time directly to the person owed payment.Bonower shall promptly fumish to Lender all notices of amounts '
<br /> to�psiC L�de;t2sis�a;�giap;�. Ii�orrower makcs these payments airectly. lsorrower shall promptly furnish to Lender -
<br /> reoe�Dts eridencirut the wvmeau. -
<br /> BonoMer shall promptly discharge any litn which has priority over this Security lnstrument uniess Borrower.(e) .
<br /> ��as in writing to the piye�unt of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good -
<br /> futh t�ee lirn by.or dd'ends against enforcement of the lien in,legal proceedings Nhich in the Lender's opinion operate to •
<br /> preveaf the enforcement of the lien or forfeiture of any part of'the Property;or(c)secures from the holder ef the lien�n '�
<br /> a�reement sstisfactory to Lender snbordinating the lien to this Security Instrumert�IF Lender determines tkac any part of i
<br /> t6e Property is subject to a lier� which mag attain priarity over this Sec�rity Insttument, I..ender may give Borrower a +
<br /> notice identifying the lien.Borrower shall satisfy the lien or take one or more of the actions set fctrth above within 10 da}s �
<br /> of the giving of notice. t
<br /> S. Huard Iesunnce. Borrower shall kap the improvements now existirn�t or hereafter erected on the Property �
<br /> insured aaainst loss by 8re,hazsrds included within the term"eatendod coverage"and any other hazards for which I.ender ` �
<br /> requires �nsurance. This insuranoe shall be maintained in the amounts and for the periods that Lender requires. 7he ;��
<br /> insunnce camer providing the insurance sl�all be chosen by Horrovker subject to under's approval which shall n�t 6e
<br /> unreasombly wit6hetd. ,.;:
<br /> All insurance policies and renewsfs shall be acceptable to Lender and shall include a standard mortgage clause. �3 .
<br /> Lender shall havethe right to hold the poticies and renewals.lf Lender requires,Borrower shall promptly gite to Lender
<br /> all receipts of paid prcmiums and renewal naticxs.In the event of lossa Borrower sha0 give prompt notice to the insurance
<br /> arrier and L.endec.Lender may make proof of toss if not made promptiy by Borrower.
<br /> Unless Lender and Borrower otherwise agree in wnting,insurance proceeds shall be applied to restoration or repair
<br /> of the Property damaged,it the restoration or repair is oconamically feasible and L.ender's security is not lessened. lf the
<br /> ratontion or repair is not economically feasible or Lender's security would be lessened.the insurance proceeds shall be
<br /> applied to the sums secured by this Secarity Instrument.whether or not thrn due.with any eacess paid to Borrower.If
<br /> Bortowet abandons the Proparty.or does not answer within 30 days a notice from Lender that the ins�rance carrier h�s
<br /> oReted to settle a claim.then Lender may collect the insurance proceeds.Lender may ux the proceods to repair or restote
<br /> tht Propeny or to gay sums secured by this Security Instrument.whether or not tt�en due. The 30-day penud will begin
<br /> _ _ " when the notice is given.
<br /> Unless Lender and Borrower otherwise agree in writing,any application oi Rsoceeds to pnncipal shail not extend or
<br /> pos[pone the due date of the monthly paymcats referred to in paragraphs 1 and 2 or change the amount of the payments.If
<br /> under paragraph 19 the Property is acquired by Lender,Bonowet's nght to any inaurance policies and proceads resulting
<br /> from damage to the Property prior to the acquisition shall pass to Lender to the eatmt of the sums secured by this Secvr�ry ________
<br /> instrument immediately prior to the acquisition. �
<br /> �. P:r:�'-:7a::��:a�,'.::::.�¢:.:;.t�o;::a��;i.eas�hoids. 8orrower shail not destroy,damage or substantiatly
<br /> ch�nge the Praperty, allow the Propeny to detenorate or comm�t waste If this Secunty lnstrurrtent �s on a leasehoid,
<br /> Borrowershall comply with tht provisions of the lease,and�f Borrower acqwres fee title to the Propeny,thc leasehold and
<br /> fa tiile shaq not merge unless I_endtr agrees to the merger�n writ�ng. �
<br /> 7. Protection ot I,ender's Rig6ts in the P�operSy: !ltortgage Insunnce. lf Borrower fails to {xrform the t
<br /> covenantsand agteements conta�ned in�his Secunty lnstrument. ar there is a legal proceed�r�g that may s�gn�ficantly affect ~
<br /> L Lender's rights in the Property (such as a proceed�ng�n bankruptcy. probate, for condemnation or to enforce laws or �
<br /> regulat�ans).then Lender may do and p�y for whatever rs�e.:essary ta pra�ect the�aiue of the Propeny and L,ender's nghts �
<br /> inthe Propeny. Lendei s actu�ns may inciude pa�ing any sums secured by a hen wh�ch has prionty o�er this Secunty r�
<br /> Instr�ment. appearing�n court,paying reasonable attomeys'f�s and entenng c•n the Property to make repairs Although ��
<br /> Lertdcr may take act�on under th�s paragraph 7.Lender does not ha�e to dn tc, „
<br /> _- Any amounts d�sbur�ed hy i,erider under th�s paragraph? Shali t+ecnme add�t�on-sl deM��f Bormuer�ecured by thic .
<br /> ----- Stc�_r�!� �RS°.Cll.^.2�'!1S L�llICSS BCi/lOWtI 3[!(� I Qt1deF 3�ICf so nthet terms:�f�:aymert,�he�e am:�umc chali bear infercc::rc�m
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