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<br /> UNIFORM COVFNANTS. Borrower and Letrder'cover Ont and sgrer as foilows: go---- n3643
<br /> 1. Payment of Principal and Interest; Prepayment and Late Quirges. Borrower shall promptly pay what due
<br /> the principal of and interest on the debt evidenced by the. Note and any prepayment and late charges due under the Note.
<br /> 2. Funds for Taxes and Insurance. Subject to applicable taw or to a written waiver by Lender, Borrower shall pay
<br /> to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum ("Funds-) equal to
<br /> one-twelfth of (a) yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly
<br /> leasehold payments or ground rents on the Property, if any, (c) yearly hazard insurance premiums; and (d) yearly
<br /> mortgage insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the
<br /> basis of current data and reasonable estimaateµ of future escrow items.
<br /> The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br /> state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br /> Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless
<br /> Lender pays [Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br /> Lender m.iy agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br /> requires interest to be paid. Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br /> shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br /> purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by
<br /> this Security Instrument.
<br /> If the amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to
<br /> the due dates of the escrow items, shall exceed the amount required to pay the escrow items when due, the excess shall be,
<br /> at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br /> amount of the Funds held by Lender is not sufficient to pay the escrow items when due, Borrower shall pay to Lender any
<br /> amount necessary to make up the deficiency in one or more payments as required by Lender.
<br /> Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower
<br /> any Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender, Lender shall apply, no later
<br /> than immediately prior to the sale of the Property or its acquisition by Lender, any Funds field by Lender at the time of
<br /> application as a credit against the sums secured by this Security instrument.
<br /> 3. Application of Payments. Unless applicable law pmvide % otherwise, all payments received by Lender under
<br /> paragraphs 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 payable under paragraph 2; fourth, to interest clue; and last, to principal due.
<br /> 4. CharRes; Liens. Borrower shall pay all taxes, assessments, charges, lines and impositions attrihui;ahle to the
<br /> Property which may attain priority over this Security Instrument, and leasehold paymettt~ or ground rents, if any.
<br /> Borrower shall pay these ohligations in the manner provided in paragraph 2, or if riot paid in that manner. Borrower shall
<br /> pay them on time directly to lire person owed payment. Borrower shall promptly furnish to Lender all notices of amour!:
<br /> to be paid under this paragraph, If Borrower makes these payments directly, Borrower shall promptly furnish to L._nder 6.
<br /> receipts evidencing the payments. t
<br /> [Borrower shall promptly discharge any lien which has priority w.cr this Security Instrument unless Borrower: (o)
<br /> agrees in writing to the payment of the obligation secured by the lien in a manner :(c-ccptable to Lender; (b) contests in gotKI
<br /> faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender's o;iwion opct:,le to
<br /> prevent the enforcement of the lien or forfeiture of any part of the Property: or (c) scct~rrs front the holds of 1,, 1 lien an
<br /> agreement satisfactory to Lender subordinating the lien to this Security Instrument, If Lender determines that ai'~, rr,r; :tt
<br /> tits Property is subject to a lien which may attain priority over this Security Instrument, i.cnder +ttay give 1Borrower n
<br /> notice idenlifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within i;: day% R
<br /> of the giving of notice, d
<br /> S. Hazard Insurance. Burrower shall keep the improvements now existing oi- here;+flcr crater) (,it the Property
<br /> insured against loss by fire, hazards included within the term "extended co ,eragc" ;and any other hazards for which Lender
<br /> requires insurance. This insurance shall he maintained in the amounts and for the ;x"ric,cls I11i11 Lender rc(l(aires. '11,r
<br /> insurancc carrier providing the insurance shall be chosen by Borrower subject to Lender's t(nproval which Shall 110:1 l.)e
<br /> unreasonahly withheld.
<br /> All insurance policies and renewals shall he acceptable to Lander and shall inc.itidt! a statid;ard mortraye cl;msv,
<br /> Lcndcr shall have 1}ac riglit to hold the policies and renewals, If Linder requires, Borrower shall pro-11pl:) give to Lender
<br /> rill rrccipts of paid prcrniunas and renewal ooticcs. fn the event of loss, Borrower shall give prompt votice to the insurance
<br /> carrier and L ender. Lt11dcr rn;iy rtriikr proof of loss if not roads prompt ly by Borrower.
<br /> 1.lnlcss Lendcr ,and Borrower otherwise agree in writing, insurance proceeds shall be a f•piicd to resMraliou or repair
<br /> of the Property darnagrd, if the restoration or repair is economically feasible and Lender's security it 'tot icssencd, If the
<br /> restoration or repair is not cconomically feasihl,_ or I.crider's Security would be lessened, the insurance procecds shall br
<br /> applied to file sums secured by this Security Instrutrtent, whether or not then due, with any excess paid it, llorrosve:r. If
<br /> Borrower abandons the Property, or does not answer within 34 days a notice from Lender that the insurance carrier la
<br /> offered to settle it claim, then bender may coliccl the insurance nroeceds. Lender may use file prox:eed+ to repair or restore
<br /> the Property or to pay sums secured by this Security Instrument, yvhether or riot then due. Tic 30-day perirxi will I-vein
<br /> when the notice is given.
<br /> Vnlms Lender and Borrower otherwise agree in writinR, anY application of proceed's to p. rindpia1 !0Iall not extend of
<br /> p(xlpcrrte the duc (laic of the mottllily payments referred lo in paragraphs I aru! 2 or cl;angc Ific amount of Ilie p;aynrrnls If
<br /> under paragraph 19 the property is acquired by Lender. Borrower's right to any insurance Ix licies and proceeds resulting
<br /> • from damage to the Property prior to the acquisition shall press to Lender to the extent of file runts secured by this Secur11y
<br /> Instrutricnl immediately prior to the acquisition.
<br /> b. ['reservation and ;Maintenance of Property; Leaseholds. Borrower sh•01 rc,t destroy, damage or suhshnatiaally
<br /> change file property, allow the Property to deteriorate or comtnit waste. If fliis sceurity Instruniew is (it, n Iensrhnld.
<br /> Iorrower shall comply with the provisions of the lease, and if Borrower acquires rec title I(, t hr 1'raprrty, the Irasehol(1 and
<br /> fie title shall not merge. unless Lender agrees to the rnerger in writing,
<br /> 7. protection of Lender's Rights In the Property; Mortgage Insurance. If" Ilorrok+er falls to perform the
<br /> covenants and agreements contained in this Security Inslrumcnl, or, there is (a legit) procecding that array signdieanlly ;affect
<br /> Cender's• Pil!lats in the Properly (such a%, a proceeding in hankrupicy, probatc, for condemnation or I0 enforce I;tws or
<br /> regulations), then i,rnclcr may do and pay for whalcvcr is rtec.css;ary to protect the vialue of the i ropertY cold Lender's rights
<br /> in [lac Properly. Lcm1cr's anions may include pitying any sums secured by :a lien which has iJi0rt;t ($%0 Ilns ticcurity
<br /> Instrument, apps;wring in court, p;tying reasonable attorneys' fees and etc.crii,g oil Ih(• Property to make rep-ors. Although
<br /> !-ender may take;acficm under this paaritgraph 7, Lrnder flocs not hav4 to do sit
<br /> Any amotints dishnrsed by bender under this p:tragratph'7 shall bccotnc liddifional debt of Bnrrowrr secured hY this
<br /> Security Inslrumcnl, t.lnlcss Iorrower and I.rnder agree to other lerrms of paynttrnl. ihcsr a11unt111s shall l><ar interest Irons
<br /> the (talc of di .burscnncnt al the Nolc rata and shall be paynhic, with int,,rest, 1111011 notice frru11 I.rnder to Borrower
<br /> requesting payment.
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