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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: $s- 100¢39
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when 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 Inurance. Subject to applicable law or to a written waiver by Lender. Borrower shall pity
<br />to tender 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 ov ^r 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 estimates 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 hake such a charge. Borrower and
<br />Lender may 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 Fund% are pledged as additional security for the siAms, secured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly payments of F%Inds payable prior to
<br />the due dates of the escrow items, shall exceed the amount required to pay the escrow items when dw. -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 #% required by Lender.
<br />Upon payment in full of all sums secured by this Security >lessrut lent. Lender shall promptly refund to Borrower
<br />any Funds held by Lender. If under paragraph 19 the Property. is sold o! acquired by Lender, Lender shall app?.y, no later
<br />than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held 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 provides 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 due; and last. to principal duce.
<br />4. Charges; Lien& Borrower shall pay all taxes, assessments, charges. fines and impositions attributable to the
<br />Property which may attain priority over this Security • Instrument, and leasehold payments or ground rents, if any.
<br />Borrower shall pay these obligations in the manner provided in paragraph 2. or if not paid in that manner, Borrower shall
<br />pay them on time directly to the person owed payment, Borrower shall promptly furnish to Lender all notices of amount
<br />tee. be paid under this paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish to Lender
<br />M=Pts evidencing the payments.
<br />.. - MnTawer isiiall priomptly disc) "bri -s c any liin which has priority 8L'Cr this &=u..ty Instrument. ut% -'-- Bar ro- r: (a)
<br />agrees in 0 -riting to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good
<br />faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lenders opinion operate to
<br />prevent the enforcement of the lien,or forfeiture of any part of the Property; or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender. subordinating the lien to this Security Instrument. If Lender determines that any part of
<br />the Property is subject to a libn• which may attain priority over this Security Instrument, Lender may give Borrower a
<br />notice identifying the lien, Borrower shall satisfy the lien or wake one or more of the actions set forth above within 10 days
<br />of the giving of notice..
<br />S. Hazard Insurance. Borrower shatf. kovp the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards inkluded within the term "extended wverage ' and any other hazards for which Lender
<br />requires insurance. This insurance shall be maintained in d;e.'amounts and for the periods that Lender requires. The
<br />insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be acceptable 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 shah promptly give to Lender
<br />all recoprsof paid premiums and renewal notices. In the event of loss. Borrower shall &-tie prompt notice to the insurance
<br />carrier'andS Vender. Lender may make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower &herwise 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 seciisity- is not lessened. If the
<br />restoration or repair is not economically'.feasiKe or Lender's security would be lessened, the insurance proceeds shall be
<br />applied to? the sums secured by this Sec4rity Instrument, whether or not then due, with any excess paid to Borrower. If
<br />Borrower abandons the Property, or doe' not. answer within 30 days a notice from Lender that the insurance carrier has
<br />offered to settle a claim, then Lender may coltect the insurance proceeds. Lender may use the proceeds to repair or restore
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<br />the Property or to pay: ms secured by this Sixttrity Instrument, whether or not then due. The 31l-day period will begin
<br />when the notice is givers.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred; i6i:r,rparagraphs 1 and 2 or change the arnount of the payments. If
<br />under paragraph 19 the Property is acquired by Lender. Borrower's right to any insuruce policies and proceeds resulting
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security
<br />Instrument immediately prior to the acquisition.
<br />6. Preservation and Maintenance of Property; Leaseholds. Borrower shall not destroy. damage or substantially
<br />change the Property. allow the Property to deteriorate or commit waste. if this Security Instrument is on a leasehold,
<br />Borrower shall comply with the provisions of the lease, and if Borrower acquires fee title to the Property, the leasehold and
<br />fee title shall not merge unless Lender agrees to the merger in writing.
<br />7. Protection of Leader's Rights in the Property; Mortgage Insurance. If Borrower fails to perform the
<br />covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly affect
<br />Lender's rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws or
<br />regulations). then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights
<br />in the Property. Lenders actions may include paying any sums secured by a lien which has priority over this Security
<br />instrument. appearing in court. paying reasonable attorneys' fees and entering on the Property to make repairs Although
<br />Linder may take action under this paragraph 7. Lender does not have todo so.
<br />Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this
<br />Security Instrument. Unless Borrower and Lender agree to other terms of payment. these amounts shall bear interesi from
<br />the (late of disbu(,tuicnt at titc '+lute rate and ,hall be payable. %ith ititereNt. upon nUtitc frtmi Lctuirt its 13offuuc•r
<br />requesting payment
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