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<br /> UNIFORM COYENAT�i'TS Bor�ower And I.cnder caventnt and sg�ee�s fa!lows: "O�������
<br /> � 1. P�ymeal a!pNnciMt!�nd Iatero�t;Prepay�nent and I.ste Char�e�, $orrower shall promptly pay when due
<br /> the principal of and interest on the debt evidenced by the Note and any prepaymont and late cha�Res due under the Nate.
<br /> �. Fu�als�ot Tiuca w�d Insurnnct. Subject ta applicabla taw or ta a wntteo waiver by Lender.Borrower shall pay
<br /> ta 1..ender on the diy monthly p�yments�rr due undcr the Note.untif the Nate is p�id in fuil,a sum(••Fund.c")equal ta
<br /> one•iwelfth of: (a�yearly taxes and assessments which may attain priarity aver this Security Instrument; (b) yearly
<br /> taxhold p�yments or graund rents on the Praptny. if any; tc)yearly hazard insurance premiums; and (d) yearly
<br /> moriEa�e insurance premiums,iiany.Thae items are cxlled"escrow items."Lender may estimate the Funds dut on ihe
<br /> basisoi'current dat�and rcasonable estimxtesof futureescrow items.
<br /> The Funds shal)be hdd in an institution the deposits or accounts of which ate insured or guarantetd by a Pederal or
<br /> state a�ency(including Lender if i.ender is such an ins3itution). Lender shal)apply the Funds to pay the acrow items.
<br /> I.ender may not chug�e for holding and applying the Funds�analyzing the account or verifying 1he escrow items,unlas
<br /> . Lender pays 8orrower interesl on the Funds and applicable law permits Lender to make such a charge. Bonawer and
<br /> Lender may sgree ia writing Ihst interest shall be paid on the Funds. Unless an agrcement is made or applicable law
<br /> requircs interest to be p�id, Lender shsll not be required to p�y Borrower any intercst or earnings on the Funds. Lender
<br /> sliall`ive to Borcower,without charge,aa annua!accaunting of the Funds shawing credits and debits to the Funds and the
<br /> purpose for which eich debit to the Funds was made.The Funds arc pledged as additional security for the sums secured by
<br /> this Secutity Instrument.
<br /> If the amount of the Funds held by I.ender.together with the future monthfy payments of Funds payable prior to
<br /> the due dsta of the escrow items,shall exceod the amount required to pay the escrow items when due,the excas shall be.
<br /> , at Borcower's option, either promptly repaid to Borrower or credited to Bo�rrower on monthly payments of Funds.If the
<br /> amount of the Funds held by Lender is not sut�cient to pay the escrow itetres v�hen duc.Borrower shall pay to Lendor any
<br /> amount nocessary to malce up the de8ciency in one or more puyments as required b}Lcnder.
<br /> Upa�payment i�Full of all sums secured by this Securitr Instrument,Lender shall Dromptly refund to Borrower
<br /> any Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender,I.tnder shall apply.no later
<br /> : than immediuely prior to the sale of the Property or its acquisition by Lender.any Funds held by L.ender at the time of
<br /> application asa credit pgsunst the sums secured by this Security l�astrument.
<br /> 3. A�li�atloe ot Psyments. Unless applicable law provides otherwise,all paaments received by Lender under
<br /> paraaraphs 1 And 2 shall be applied:first.to late charges due under the Note;second,to prepayment charges due under the . ,
<br /> Note;third,to amounts pa�able under pau�agraph 2;fourth.ta interest due;and last,to principal due.
<br /> . 4. Gl�a�d;Lieas. Borrower shall pay all taxes. assessments.chacges, fines and impositions attributabte to the
<br /> Property which may attain priority,over this Security lnstrument, and leasehold pa}�ments or ground rents, if any.
<br /> Borrow►cr shall pay these obliguions in the manner provided in paragraph 2,or if not paid in that manner.Borrower shall ;
<br /> psy them on time dirxtly to the person owed payment.�orrowcr Shall promptly furnish to Lender all notices of amounu �
<br /> - tc*:pi�undu shisL paragrph. If�now�r maL•�thcsc j;ay��ieuis ui,ecti�.�i,,;ower s;�ajt pfo�r,�ptiy rurnisl�to Lea�e� , _-
<br /> - - :�'1fa t�.:�.w.«:w�fli�Y..�,:.�stto. .----
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<br /> Bonower sh�ll promptly discharge any lien which has priority over this Security Instrument unless Horrower:(a)
<br /> agras in�rriti�g to the payment of the obligation sxured by the lien in a manner acceptable to Lender;(b)contats in good -
<br /> futh the litn by,or defends ag�inst enforcement of the lirn in,legal proceedings which in the Lender's opinian oprrate to _�.
<br /> prevrnt the enfercement of the lien or forfeiture of any part of the Property;or(c)secures from the holder of the lien an �. --
<br /> ag,ramrnt satisfictory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part af � �
<br /> the Property is subjxt to a Iien which may attain priority over this Secarity Instrnment. Lender may give Borrower a
<br /> notia ida►tifying the lien.Horrower shall satisfy the lien or take one or more of the actions set forth above within�0 days
<br /> of the giving of notia.
<br /> S. Huard Iasurasce. Hurrower shall kecp thc improvements now eaisting or hereafter erected on the Property
<br /> i�sund aEainst loss by fire,hazards included within the term"extended coverage"and any ather hazards far which Lender ' •
<br /> requires insurance.This insurance shall be maintained in the amounts and for the periods that Lender requires. The ;�iE:
<br /> insu�xnce curner providing the insurance shall be chosen by Borrower subjat to Lenda's approval which sha�b not be
<br /> unrasonably withheld. �;
<br /> All insarana policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause. :�;,
<br /> Lender shaU have the;ight to hold the policies and renewals. If Lender requires, Bonower shall promptly give to Lender �
<br /> all receipts of paid premiums and renewal notices.In the event of loss,Bonawer shall gi�e prompt notice to the insurance �
<br /> � carrier and Lender.Lender may make Froof of loss if not made promptly by Borrower.
<br /> Unlas Lrnder and Borrower otherwise agree in writing,insurance proceeds shali 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 lessened. If the
<br /> � testoration or repair is noi economically feasiblr ar.Lender's security would be lessened.the insurance proceeds shall be
<br /> ap�lied to the sums secured by this Security instrument.whether or not then due.with any excess Faid to Borrower. If
<br /> Borrower abandons the Property.or does not answer within 30 days a notice from Lender that the insurance carrier has
<br /> o�'erod to settle a claim.then Lender may collect the insurance proceeds.Lender may use the proceeds to repair or restore
<br /> tht Ptoptriy or ta pay snms sx�:ed by this Secnrity Iastr�ment, whether ar nat thc�dur. The 3t?-day pesiod s�i;i begin
<br /> when the notice is given.
<br /> Ualess Lender and Honower otherwise agree in writing,any application of proceeds to principal shall not e�tend or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payrnents. If
<br /> under paragnph 19 the Property is acquired by l.ender.Borrower's right to any insurance policies an�prceeeds resulting
<br /> from damage to the Property prior to the acquisition shal!pass to Lender to the eatent of the sums secured by this Secanty
<br /> lnstrument immediately prior to the acquisition. '-"--
<br /> - 6. p!�sy_tl���:�!al�tesaas:a!°:a�v;I.2�e�al�. &sr.o�er s!sall aot�tst:a,.��:ssagr a:s�bstas�uall;
<br /> change the Property, allow the Property to detenorate or commit waste. lf this Security Instrument �s on a leasehald.
<br /> Bonower shaU comply with t�e provisions of the lease,and if Sorrower acquires fee title to the Property,the leasehold and
<br /> fee title shall not merge unless Lender agrees to the merger�n v►nting.
<br /> �. Protection ot Lender•s Rights in the Property; Mortgage lnsuranse. If Borrower fails to perform the
<br /> cc�venants and agreements conta�ned�n this Secunty Instroment,ar there�s a lega)proceed�ng that may sign�ficantly affect J�t
<br /> . Lender's rights in the Property(such as a praceedeng m bankruptcy. probate, for condemnat�on or to enforce laws or � ��
<br /> � tegulations),then Lender may do and pa�for whatever is necessary to protect the value of the Property and L.ender's rights � ��
<br /> in the Propeny. Lend�er's accions may include pay�ng any sums secuted by a iien which has pnonty over this Secunty w �
<br /> Instrument,appearmg m c�urt,paying reasonable attorneys'fees and entenng on the Prc�per,y to make rcpairs. Although � �` �cn
<br /> ' Lender may take acti�n undes th�s patagraph�.Lender does not have to d�co z �+ �
<br /> -� Any amountscl�sbur�ed h� Lender under th�y paragraph�shall bec�me addmonal deht nf&urower secured by this z � . b
<br /> °- Scz�nty Instr�rner�t L`�;e:,�.�rmwrr and L ender agree�v��ther tc�ms of pa}mer�t,the�e amnune.tihaL'bear�nterest frcm c� � ' -
<br /> -��-. th� dete of d�cbursement st the tiotc rate and chaU he �+ayahle. wnh intrretit up�n n�u.e frc�m Lender tn H�rmaer � Q �
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