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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: Q� i (�Q
<br />I. Payment. of Principal sad Intetresii Prepayment and Late Charges. Borrower shall•pro ue
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and laite charges due under the Nexe.
<br />12. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender. Borrower shali:pay
<br />to Lender on the day monthly payments are due under the Note. until the Note is paid in full, a sum ("Fund +:') egjJhNo
<br />one - twelfth of (a) yearly taxes and assessments which may attain priority over this Security instrument; (hl) 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 ow the
<br />basis of current data and reasonable estimates of future escrow items.
<br />The Funds shall beheld in an institution the deposits or accountsel'which are insured ar guaranteed by a fedcal or
<br />state agency (including Lender if Lender is such an.inaitution). Lender shall apply the Funds to pay the escrow. items.
<br />Leader may not charge for holding and applying thr_ Funds, anaiy -zing 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 may agree in writing that interns!: shall be paid on the Fui ds. Unless an agreement ir.. made or applicable low
<br />requires interest to be paid, Lender shall: unit: be required to pay Borrower any interest or earnings on the Funds. Undtlr
<br />shall give to Borrower, without charge. an annual accounting of the Funds showing credits and debits to the Funds and ihd
<br />purpose for which each debit to the Fundt was made. The Fundsare 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 priar46
<br />the due dates of the escrow items; shall exceed the amount required! to pay the escrow items when due, the excess sholl`be,
<br />at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. It the
<br />amount of the Funds held by Lender is not sufficient to pay the escrow items whe'n due, Borrower shall pay to Lender any
<br />amount necessary to make up the. efciency in one or more paymentsas regt iredi by Lender.
<br />Upon payment in full cfall sums, secured by this Security Imstrum,=;•tt, Wider shall promptly refund to Borrower
<br />any Funds held by Lender. If under paragraph 19 the Property issold-nrai:4uired by Lender,.Lender sbalLApply,.no late~
<br />than immediately prior to the sale of the Property or its acquisition by. leender, any Funds hold. by Lend& pt: the I "wil i,1r'
<br />application as a credit against the sums secured by this Security Instrument.
<br />A. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragmpfis I and 2 shall beapplied: first, to late charges due under the Note; second, to prepayment charges due under the
<br />Note; third, to arnoints payable under paragraph 2; fourth, to interest due; and last, to principal due.
<br />..4. Charges ,Pens. iaens. Borrower shalll pay all taxes, aassessment% charges. fines and impositions attributable to tfxe
<br />Propery which may attain priority over this Security Instrument, and leasehold payments ar ground .cents, if any.
<br />Bornaw er shall pay these oblitations in the manner provided in paragraph 2, or if loin paid in that manner..liiiti rower shall
<br />pay ,them on time directly to the person owed payment. Borrower shall promptly furttish to [ender all rat ip` � nf aittdnrits
<br />to be paid under this paragraph. If Borrower makes these payments directly, Borrower shoff promptly furnish to Diner
<br />receipts evidencingthe payments.
<br />Borrower shall promptly-discharge any lien which has priority ever this Security Instrument unless Borrower: (a)
<br />agrees in writing to the paymentof 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 Lender's opinion operate to
<br />prevent the enforcement of the lien or forfbiltim of any part of the Property; or (c) secured from. the holder of the lien an
<br />agreement satisfarfttry to Lender suborditiuting the lien to this Security Instrument. If Lendep determines that any part of
<br />the Property is subject to a lien which may attain priority over this Security Instrument. Lender may give Borrower a
<br />notice identifying t!te lien. Borniwer shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br />of the giving ofnoficr.
<br />5. Hazard litsurance. Borrower drill keep the improvements now existing or hertNAFI :r erected on the Property
<br />insured against las i by fire, hazards includai within the term "extended coverage" and any oviier 4azards for which Lender
<br />requires insurance. This insurance shall be maintained in the amounts and for the periods tItat 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 tits' r.'ght to hold the policies and renewal s. If lender requires, Borrower shall promptly give to Lender
<br />all receipts of paid premiums atnd. tenesral notices. In the event of loss, Borrower shall give prompt notice to the insura,.,Jre
<br />carter and Lender. Lander play make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Dormswer otherwise agree in writing, insurance proceeds shall he applied to resorts :ion or repair
<br />of fhe Property daivaged. if the restoration or repair is economically feasible and Lender's security is 6n. d>ssened. If the
<br />restoration 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 Security Instrument, whether er not then due, with any excess paid- te:. Borrower. if
<br />Borrav;�7 abandons the Property, or does not answer within 30 days a notice from Lender that'the is aunu—,ce carrier has
<br />offerkd to settle a claim, then Leader may collect the insurance proceeds.Lender may use the proceeds to repair or restore
<br />the Property or to pay sums secured by this Security Instrument, whether or nol then due. The 30-day period will begin
<br />when the notice iiL given.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds t o, trincipaI shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change tit amount of the payments. if
<br />undiw paragraph 19 the Property is acquired by Lender. Borrowers right to any insurance policies and proceeds resulting
<br />from damage to the Property prior to the acquisition shalt pass to Lender to the extent of the -,um, secured by this Security
<br />Instrument immedtaeely prior tb the acquisition. 1
<br />6. Preservation and Maintenance oGi?lroperq„ Leaseholds. Borrower shall not &-tim v. damage or substantially
<br />change the Property, allow the Property to det.rioiute or commit waste. If this Security Instrument is on a leasehold.
<br />Borrower shall comply with alto provisions of the lease. and if Borrower acquires fee title ro 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; Nfortgale 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 />Lender may take action under this paragraph 7. Lender does not have to do so.
<br />Any amounts disbursed by Lender under this paragraph 7shall become additional dchi of I1orrouer soured h,. this
<br />Security Instrument. Unless Borrower and Lender agree tootherterms of payment. these amounts %hall heir trucrc%t from
<br />the date of dtsburscment at the Note rate and shall be payable. with interest. upon notice from I under to Nutnoaer
<br />requoling payment
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