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<br />169-, 194973
<br />UNIFORM COVENANTS. Borrower and Leader covenant and agree as follows:
<br />1. Payaueat of Principal and Intereat;.Prepayamt 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 Ta:ea and Imaraace. 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 Propert36 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 o €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 />Leader 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, Leader shall itAct be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge. as a= d accouantingof the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to tlseFunds was made. The Funds are pledged as additional security for the sums secured by
<br />this security Instrument.
<br />If the amount of the Fwwft held by Lender. together with the future monthly payments 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 pretnpdy repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />amount of the Fonds held by r is not ssfficient to pay the escrow items when due, Borrower shall pay to Lender any
<br />amount accessary to make up die deficiency im one or ram payments as required by I ender.
<br />Upon payment in full of all sums sea =anted by this Security Instrument, Lender shall promptly refund to Borrower
<br />any Funds held by Lender. if under paragmritt 19 the Property is soli r acquired by Lender. Lea&r shall apply, no later
<br />than immediately prbar to the We of the Fi?mcrsy or its acquisitic^ ky !.ender, any Funds held by, Lender at the time of
<br />application as a crest against t6 4ms secured by this ser- -.ety Instrument.
<br />3. Applieatsaa of Payamwnta. Unless applicable taw provides otherwise, all payments received by. Ender under
<br />paragraphs 1 and 2 sha be applied: first, to late charges due under rte ?dote; second, to prepaymenx uu'e under the
<br />Note; third, to amc =tss payable under paragraph 2; fourth, to intemst bile, and last, to principal due.
<br />4. OwWw Liim& Borrower shah1 pay all taxes. assessm=s. charges, fines and impositions arm', table to the
<br />Property which may attain pzkt&y.over this Security I ,6=utnerm and leasehald payments or grotmd- s- s, if any.
<br />Borr ova shall pay these obligmi`c-irs in the r:5aarter prot,44. xl ui paragraph 2. or i f mot paid in that manna - ,.:drawer shall
<br />pay than on time directly to the person owoi payment. Borrower shall promptly furnish to Lender all natices of amounts
<br />to be paid under this paragraph. If Borrositir makes these payments directly, Borrower shall promptly furnish to Lender
<br />receipts evidencing 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 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 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 lien which may attain priority over this Security Instrument, Leader may give Borrower a
<br />notice identifying the lien. Bonn aver 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. Hazard Iatsttrance. Borrower slr ttk keep the improvements now existing or hereafter erected on the Property
<br />insured against I= try fire, hazards included within the term "extenoed coverage" and any other hazards for which Lender
<br />requires insurance. -Mhis insurance shall be maintained in the attain% and for the periods that Lender requires. rh..-
<br />insurance carrier providing tht nsurance shall be chosen by Borrower subject to Lender's approval which shall not be
<br />unreasonably withheld.
<br />All insu=i4 policies and renewals small be acceptable up. L,etsder and s a:l include a standard mortgage clause.
<br />Leer shall have tbt right to hold the policies and renewals. If i;vulr requires, Borrower s za:1 promptly give to Lender
<br />a3 re«wpts of paid premiums w..6 renewal notices. In the event of loss, Borrower shall give prompt notice to the insurance
<br />carrier aid Lender. Lender may make proof of loss if nec tam :e promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in %vra :rag, insurance proceeds shall be applied to restoration or repair
<br />of the Property dmaged, if the restoration T repair is e: anomically feasible and Lender's security is not lessened. If the.
<br />restoration or repair is not economically rzwi,t a or Le: de: 's security would be lessened, the rns;srance proceeds shall be
<br />applied to the sums secured by this Semn.tg !, sea r,:'re} r. whether or not then due, with any eriwss paid to Borrower. If
<br />Borrower abandons the Property, or does c..s a: sxer izi ^n 30 days a notice from Lender thee. tW - ins.ormicc carrier has
<br />offered to settle a claim, then fAnd::r may c©K'ect toe =sum ance proceeds. Lender may use the proceeds to rp4rdir or restore
<br />the Property or to pay sums s&ured by this Suxurity Instrument, whether or not then due. The 30-day period will begin
<br />when the notice is given.
<br />Unless Lender and BeTrower otherwise agree in writing, any aprB'cation of proceeds to principal shall not extend a
<br />postpone the due date of the monthly payments referred to in paragt t.; hs 1 and 2 1i change the amount of the payments. if
<br />under paragraph 19 the Property is acquired by Lender, Borrower's right to apy insurance policies and promeds resulting
<br />from damage to the Property prior to the acquisition stall pass to Lender to the extent of the sums secured, by this Security
<br />instrument immediately prior to the acquisition.
<br />6. Pmmadon and Maintenance of Property; Leaseholds. Borrower shall act destroy, damage or substantiall)
<br />change the Property, allow the Property to deteriorate or commit waste. If this Security le,�strument 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 shalt not merge unless Lender agrees to the merger in writing.
<br />7. P'roterthm of Leader's Nights 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 />Lender may take action under this paragraph 7. Lender does not have to do 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 interest from
<br />the date of disbursement at the Note rate and shall be payable. with interest, upon noWc from Lender to Borrower
<br />requesting payment
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