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<br />89.0 100725
<br />UNIFORM COVENANTS. Burrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Burrower shall promptly pay when due the
<br />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 law or to a written waiver by Lender, Burrower shall pay a,
<br />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- twelfthof: (a) yearly taxes and assessments which may attain-priority over this Security Instrument-, (b) yearly leasehold
<br />payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and td) yearly mortgage insurance
<br />premiums, if any. These items are called "escrow items." lender may estimate the Funds due on the basis of current data and
<br />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 topay theescrow items. Lender
<br />may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless Lender pays
<br />Borrower interest on the Funds and applicable law permits Lender w make such a charge. Borrower and Lender may agree in
<br />writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law requires interest it) be paid,
<br />Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender shall give to Burrower, without
<br />charge. an annual accounting of the Funds showing credits and debits to the FUji&- -and the purpose for which each debit to the
<br />Funds was made. The Funds are pledged as additional security for the sums scarred by this Security Instrument.
<br />If the amount of the Funds held by Lender, together with. cbefuture mvlrchly payments of Funds payable prior to the
<br />due dates of the escrow items, shall exceed the amount required'to pay the escrow items when due, the excess shall be, at
<br />Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments c): 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 car 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 any
<br />Funds held by Lender. if under paragraph 19 the Property is sold or acquired by Lender. Lender shall apply, no later than
<br />immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of application
<br />as.a credit against the sums secured by this Security Instrument.
<br />.1 :ppiica:ioj; 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 due.
<br />4. Charges; Liens. 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. Borrower
<br />shall pay these obligations in the manner provide;, in paragraph 2, or if not paid in that manner, Borrower shall pay them on
<br />time directly to the person owed payment. Burrower shall promptly furnish to Lender all notices of amounts to be paid under
<br />this paragraph. If Borrower makes these payments directly, Borrower shall promptly furriich to Lender receipts evidencing
<br />the payments.
<br />Borrower shall promptLy discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the abligation secured by the lien in a manner acceptable to Lender; (b) contests in good
<br />faith the li. °n„'-,r, cc.a.r -rids asairtsi cis' moment of the Tien in, it:gai proceedings which in'the Lender's opinion operate to
<br />prevent the enfarrement of ehe 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 parr of the
<br />Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a notice
<br />identifying the lien. Borrower shall satisfy the lien or take one or. more of the actions set forth above within 10 days of the
<br />giving of notice:
<br />5. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within, the term "extended coverage" and any other hazards for which Lender
<br />requires insurance. This insurance shall be:mainfainea. in the amounts and for the periods that Leader requires. The
<br />insurance carrier providing the insurance shalt: be 'dhosen 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. Lender
<br />shall have the right to hold the policies and renewals. If Lender requires, Borrower shall promptly give to Lender all receipts
<br />of paid premiums and renewal notices. In the event of loss, Borrower shall give prompt notice to the insurance carrier and
<br />Lender. Lender may make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise 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 .security is not lessened. if the
<br />restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be
<br />MPPIfed to the sums secured by this Security Instrument, whether or not then due, with any excess paii 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 />offered to settle a claim, then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restuwre the
<br />Property or topay sums secured by this Security-Instrument, wherhet or not thendue. The 30 -day period will begin when the
<br />notice is given_
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the duedate of the monthly payments 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, Borrower's right to any insurance policies and proceeds resulting
<br />from damage to•che 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 provisivas 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 Lender's Rights in the Property; Mortgage Insurance. if Burrower fails to perform the covenants
<br />and agreements contained in -this Security instrument, or there is a legal proceeding that may significantly affect Lender's
<br />rights in the Property (Such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws or regulations), then
<br />Lender may do and pay for whatever• is necessary to protect the value of the Property and Lender's rights in tht- Propcn .
<br />!staler s actions may include paying a ny'sums secured by a lien which has priority over this Security instrument, appearing in
<br />court, paying reasonable attorneys' fees and entering on the Property to make repairs. Although !.ruder may take action
<br />under this paragraph 7, Lender does not have to do so.
<br />Any amounts disbursed by Lender under this paragraph 7 shall heroine additional debt of Borrower secured by this
<br />Security Instrument. Unless Borrower and Lender agree to other terms of payment, these amounts shall bear interest from
<br />the date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower requesting
<br />payment.
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