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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />89- 100875
<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 Insurance. Subject to applicable law 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 ofeurrent data and reasonable estimates of future escrow items.
<br />The Funds shall be held in an institution,01he deposits or accounts of which are insured or guaranteed by a federal or
<br />state agency (including Lender if Lender is ss& �. b,�sdmtion). Lender shall apply the funds to pay the escrow items.
<br />Lender may not charge for holding and app1vi' -, � r,, a Fcrlm ds, analyzing the accotlln;t.(ar iymiifying the escrow items, unless
<br />Lender pays Borrower interest on the Funds wA- apiplicable law permits Lender to rei ike $t 6. A. charge. Borrower and
<br />Lender may agree in writing that interest s . be paid on the Funds. Unless an agrer:m t k: ride "or applicable law
<br />requires interest to be paid, Lender shall now be required to pay Borrower any interest or eangjv� on the Funds. Lend:'-.f'
<br />shall give to Borrower, without charge, an a:-mual 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 ado 6:)nal security for the sums secured
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly paymentsa,1*F ids payable prigs �a
<br />the due dates of the escrow items, shall exceed the amount. requ re: l to M the escrow items wif o i doe, tine excess shall bi�,
<br />at Borrower's option, either promptly repaid t6 $r+rrowerrsr "crediied to Borrower orZrrQr;:;,i s� iw,+. ,rFunds. If the
<br />amount of the Funds held by Lender is not st !z cirnz �tn pay the escrow items when dpi , C%ii.&tie:'sf 'd M.,3TpLendcrany
<br />amount necessary to makeup the deficiency in onecrmore payments as required by Lim &r.
<br />Upon payment in full of all sums secured by this Security Instrument. Lender shall "Pea tly refund to Borrower
<br />any Funds held by Lender. If under paragra -)h i 9 the Prop?rty is sold or acquired by Lender: iirhder shall apply, 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 I and 2 shall be applied: first. to late charges due under the Nate; second, to prepayment charges due under the
<br />Nate; third, to amounts payable under paragraph 2; fourth, to interest C1w1!; and last, to pzincipaTdle.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fices zmd inp,:n io✓ s attributable to the
<br />Property which may attain priority, over this Security Ionrument, and leaseM4. ps} es:,s or. &round. rents, if any.
<br />Borrower shall pay these obligations in the manner provided -n paragraph 2, or if not t i5. C .it nanner, Borrower shall
<br />pay them on time directly to the person owed Fay*.nent i orfower shall promptly fumish to Lcnter all notices of amounts
<br />to be paid under this paragraph. if Borrower wX,.� t heN payments directly. Borrower stall. promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly dischargeariy he, which kras priority over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation s -ecured by the lien in a manner acceptable to Lender; (b) contests in good
<br />faith the lien by, or defends against enforcemc-nt of the lien in, legal proceedings which in the Lender's 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 Rbis Security Instrument, If Lender determines that any part of
<br />the Property is subject to a lien which may attain priority over this Security Instrument, Lerleer sntac gaffe Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien or rake one oT more of the actions set.fcah ab;wc Ew -thin 10 days
<br />of the giving of notice.
<br />5, Hazard Insurance. Borrower shall keep the improvem:nis now existing or hereat'tcy erected om the Property
<br />insured against loss by fire, hazards included within the term "extended coverage" and any othe•. Eazards for which Lender
<br />requires insurance. This insurance shall be maintained in the 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 Lend-er and shall include a standard m =rtgage. clause.
<br />Lender shall have the right to hold the policies and renewals. if Lender requires, Borrower shag promptly give to Lender
<br />all receipts of paid prenuutns and renewal notices. In the event of loss, Borrower shall give prompt notice to she insurance
<br />carrier and Lender. bender may make proof of loss if not made promptly by Borr&Aer.
<br />Unless Lender ai d Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair
<br />of file Property damaged. if the restoration or repair is economically feasible and Lender's security is not lessened. If the
<br />restotatiort or rclsor Is 11111 cf:fnutntically feasible or Lender's security would be lessened, the insurance proceeds shall be
<br />applied to file sums wcured by this Security Instrument. whether or not then due, with any excess paid to Borrower. If
<br />llorrower ah,ttidla►s the Property, or dues urn answer within 30 days a notice from Lender that the insurance carrier has
<br />offered to kettle it Claim, then Lender may collect the insurance proceed4. Lender may use the proceeds to repair or restore
<br />the Ptdtliirtty or Ito pay sums secured by this Security Instrument. whether or not then due. The 30•day period will begin
<br />when the notice is given.
<br />I Iulcss I ender and llorrower otherwise agree in writing, any application of proceedq to principal shall not extend or
<br />llostplile the due dare of the monthly payments referred to in paragraphs I and 2 or change the amountof the payments. If
<br />under paragntlih IQ file Properly is acquired by Lender.11orrower's right to any insurance policies and proceeds resulting
<br />from daluage fit the 1'roperty'prutr to [tic acquisition shall pass to Lender its the extent of the sums secured by this Security
<br />Instrument Immediately prior to the acquisition.
<br />6. Prc%ervatlon and Maintenance of Property; leaseholds. Borrower shall not destroy, damage or substantially
<br />r.hatlgr ille 1'+olktfy, ailm& file Property fu deteriorate or commit waste. If this Security Instrument is on a leasehold.
<br />11111rimci shAi utnulll} VVUh the prostsfunsilf the !case, and if Mirrower acquires fee title to the Property, the leasehold and
<br />(cc Lille shall 111-1 nl- iv tmlrss 1 ender agrees tit file inergcr in writing.
<br />7. Protection elf finder's Rights in the Property; Mortgage Insurance. If borrower fails to perhirm the
<br />u�Ve +loots .nut sE iienunls 1 untamed n, 1hn Security Instrument, of there is it legal proceeding that may significantly affect
<br />(.Cticler's ttgW, to Ih_• Prtlller1% (such as a nrtives'ding in hankriipicy, probate. for cendemnatifn or to enforce law,, -)r
<br />rcituLll fill ls►.1111-111 miter n1.IV dnu11il Ioay fret %Vhalewr is neeesutry to protect the Value of the Property" and lender's rights
<br />u+ (!rr i'nqurlV I curler's atru'us Ina} uirlude ILlyulg am sutras secured by a hen which has priority over this Security
<br />Insfrullu:nt, alq rarnli 1-1 i.�Iul t. 11.1 }trite rc.lslnlahlc aItIlrncy� fees ant) cotermg Im the Properis to make repairs. Although
<br />CIIdE'r rlhlY folic dl. til�li n11,ICr tills pal- irral,1 ?, I fouler dues nut have to /ln so
<br />fills ,u .laulis,ll •hur,1 d I,i t rnikr notice tills p.lrtstraph T shall heeunic additional deht,,f lit rtoaer securerl by this
<br />iesluif► iI1.lrtolul IIt (oleo, N:I►t.IcVrt and l i ndcr at rcl tut /tiler terms M payir+ent. tllr.-se ant,.,rtnts skull hear tnterest from
<br />the 0.IIC 0 Ilv llllr,.114,'IIi .It till' %f,ft I.Ity alid 01.111 14` pa1igl%l C. Ll1f i'1'Ir : "rf fit, liv,n notice ffilm 1 older 111 ti'nrruwer
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