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<br />100968
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<br />UNIFORM COVENANTS. Borrower and Lendercovenant and agree as follows:
<br />1. Payttttest of PrinslWlied- Interest: PreosYtttent and Late Chars : - Anrrower ;hall primp pay when due- - - -
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<br />the principal ofand interest on the debt evidenced by the Mote and any prepayment and late charges due under the Note.
<br />L Funds for Taxes and Insuraaee. 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 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 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 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 payme: 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 Bormwer"on monthly.pay'rnents of c?_s if the
<br />amount of the Funds held by ff emJ& is n. ct sufficient to pay the escrow Aems when dtae, Borr€ts}er shall pay tr lenz der an y
<br />amount necessary to make up'_hedelcimq.; ita one or more paymentsas requiredty. 1&mder.
<br />Upon payment in full'o,f'aR sums so=ured by this Security Instrument. T� a .d;^shafI "rsti r� �¢sy le a to orro zc
<br />any Funds held by Lender. If uTuier paragraph 19 the Property is sold or acgai.,ral 7.n; Lender. L mbz� r via l:- a ply, no Qatar
<br />than irremedistel�' prior La t ;c lc of the Property or icy acquisition by Lenart. Wr , irunds boa by Lwn -sir at the b6a Of
<br />application as a credit against the sums secured by this Security Instrument.
<br />3. Apptic tfion of Pa3ments. Unless applicable law provides otherwise, all payments "re.ceived, by Lender cane;
<br />paragraphs I and 2 shall be applied: first, to late charges due under the Note; second, to prepayment charms due under the
<br />Note; third, to amounts payable under paragraph 2; fouzdh, to interest due; and last, to principal due.
<br />4. Charges; Liens. Burrower shall pay all taxis,; assessments, charges, fines and impositions z+triZUtable to the
<br />Property which maay attain priority, over this Secur;'rw. Instrument, and leasehold payments. or groWA rents, if,�.ay.
<br />Borrower shall pa3• These obligations in the er-umner provided in paragraph 2, or if not paid is ttt:s., m., at Ter,.Roirower nTb•ilf
<br />pay them on cirri = sectly to the person on a'' rayment. Borrower shall promptly furnish to i. eo.,'� a1T nr;,t: of ariust�• '
<br />to be paid under this paragraph. if Borroa.- wxnakes these payments directly. Bcrr"ower shall pro mirtly
<br />receipts evidencing the paymems
<br />Borrower stall prorr•p #-v discharge any lien which has priority over this Security Instrument unless l3brro'w'te. 0,.,
<br />�a
<br />agrees in writing to ;2te 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 Lender's opinion operat•: -tu
<br />*the
<br />prevent enforcement of the lien or forfeiture of an y part of the Property; or (c) secures from the holder of the lien an
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<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of
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<br />the Po.-tperty is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days'
<br />of the giving of notice.
<br />S. Nazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insurvA against loss by fire. hazards included within Ift term "extended coverage ' aizd any other hazards for which Lender
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<br />requi s. insurance. This insurance shall be maintalreed in the amounts and for the periods that Lender requires. The
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<br />insurance carrier providing ifte insurance shall be chosen by Borrower subject to Lender's approval which shall not be
<br />unreasonably withheld.
<br />All insutatro:- policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br />Lender shall have t?re right to hold the policies and rentmals. If Lender requires, Borrower shall promptly give to Lender
<br />all receipts of paid premiums and renewal notices. In the event of loss. Borrower shall give prompt notice to the insurance
<br />carrier and Lender, Lender may make proof of toss if not made promptly by Borrower,
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<br />Unless Lender and Borrower othemise agree in writing, insurance proceeds shall be applied to restoration or repair
<br />of the Property damaged. if the restorat en e_r repair is economically feasible and Under's. vaaarity is not lessened. If the
<br />restoration or repair is not economicafly f:z;sible or Lender's security would be la*ened, the insurance proceeds shall be
<br />appliral, 63 the sums secured by this 5ee:urity instrument, whether or not then due;, with a.i.+ er,:ess pajd to.Borrower. If
<br />BoTower abandons the Property, or dacsn,st answer within 30 days a notice frcrn LendeY tli:at t: a carrier has
<br />o&r,al to settle a claim, then Lender may collect the insurance procc- +ds. Lender may use the pre seeds to repair or restore
<br />the Property
<br />or to pay sums secured by this Security Instrument, whether or not then due. The 30 -day period will begin
<br />what: the notice is given.
<br />Unless Lenderand Burrower otherwise agree in writing, any application of proceeds to principal -,Ball not extend or
<br />pi2:4- Sono the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments. If
<br />rattier paragraph 19 the Property is acquinA by Lender, Borrower's right to any insurance iYAicie:s and proceeds resulting
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extent of the wins secured by this Seci:n ty,
<br />Instrument immediately prior to the acquisition.
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<br />6. Preservation and hfaintenance of Property; Leaseholds. Borrower st=all not destroy, damats or substantially
<br />change the Prep", allow the Property to deteriorate or commit waste. If this Security instrument is on a leasehold,
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<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 net merge unless lender agrees to the merger in writing.
<br />7, FwntecVon tit Lender's Rights in the Property; Mortgage Insurance. If Borrower fails to perform the
<br />covenants and samements contained in this Security instrument. or there is a legal proceeding that may significantly affect
<br />Lender's rights; in tilt• Property (such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws or
<br />regulatiansa slum— Lender may do and pay for whateter is necessary to protect the value of the Property Lender's
<br />and rights
<br />in the Property Lenders actions may include paying any sums secured by a lien which has priority over this Security
<br />Instrument, in
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<br />appearing court. paying reasonable attorney~' fees and entering on the Prope=rty to make repairs. Although
<br />Lender may take wion under this paragraph 7. Lender does have
<br />not to do so.
<br />Any amounts disbutwd by Lender under this paragraph 7 shall become additional debt of Norrower secured by this
<br />Ses ur171tti,trument finless Borrower
<br />and Lender agree to other terms of payment. these amounts shall beat interest from
<br />the date ofdiiibumement at the Dote rate and shall be parabfe, with interest. upon notice freni•Lender ttv Iorrower
<br />Ito j
<br />requesting ptayntent
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