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<br />101068
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<br />UNIPORMCOVENANM Horror►Brandiesdaeuvenan agreeasfouows:
<br />1.- Ihyma of Ptinelpai sad IatMM Prepays t si-A Late CkagpL Borrower shall promptly pay when. due
<br />the principal ofand interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />2. FattitfwTauua aW Iwaate. Subject toapplicable law or to a written waiver by Lender. Borrowershall 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 tw elft 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 />mor4W insurance premiums, if any. 7bae items are called "acsoev items." Lender may estimate the Funds due on the
<br />basis ofcurratt data and reason" estimates offutureescrow items.
<br />The Funds slitll be held in an itstitution the deposits or accounts of which are insured or guaranteed by a federal or
<br />state agency (mcluding Linder if Lendecis such an institution). Leader shall apply the Funds to pay the escrow items.
<br />Leader may not charge for holding and applyms the Funds, analyzing the account or verifying the escrow items, unless
<br />Lender pays Borrower interest on the Funds and applicable 4w 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, Leadershall not be required to pay Borrower any interest or earnings on the Funds. Leader
<br />shall give to Borrower, without charge, an annual accounting ofthe Funds sha*ing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds security- for, the sums secured by
<br />td)►iaxcurity IgsL�ttntmt: :.'" . ::.. .
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<br />If the smui rat as the) unl3s heM fad I�eader,.together writh tfie future =.��'.c�r.), rears of Fzz iris payabtc prw to
<br />ttl!re due dates mf the escrgw itctnns, sb. 41l ==d the amount required to pay, �- esCrovV t �J +iue-»'Ae excess swa be,
<br />at HormtreA aption; citw ptompily. repaid to Burm.wer. or credited to Boiomwa on morithiy yacyMMS Of Funds. if the
<br />:naraanmt ofthe Funds eris natsuffrienc te�sy the escrn�n itmas when due. Borrower shag W to Lender any
<br />a wmat iteoMU "to make. up1bedeffcit*in one ormore paysysrwAfted by Lender.
<br />Upomppkwment in full"ofAU smms secured by this Security Instrument, Lender shall promptly refund to %arrower
<br />any Funds held by Lenden.If under paragraph 19 the Property is sold or acquired by Lender, Lender shall apply, no later
<br />-- - than immediately prior to t1[e 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. Appileedas of Paymenta. 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. CbwgW 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.
<br />Borrower shall pay these obligations in the manner provided in paragraph 2, or if not paid in that manner, Borrower shall
<br />pay then on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments.
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<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 Leader, (b) contests in good
<br />faith the lies 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 det rmines that any part of
<br />the Property is subject to a lien which may attain priority over this Security Instrun mi, header may give Borrower a
<br />notice identifying the lien. Borrower shall satisfy the Gen or take one or mare of tie actiim set forth above within 10 days
<br />of the giving ofrrotim
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<br />L Fh=rd bwrame. Borrmw shall keep the improve- :tents new 6ATimorivereaftcr erected on the Property
<br />insured against loss by f m hazards included witimt the term "extended covem [iW' and any other hazer ds for which Lender
<br />re;Wres insurance. This insurance shall be marntained in the amounts and-fcr the periods that Leader requires. The
<br />insurance carrier providing the insurance shC Fee chosen by Borrower subject to Lerrdnr. 's approval which shall not be
<br />unnntonably withheld.
<br />All insurance policies and renewals shall be acceptable to Lender and shall inWwk a standard mortgage clause.
<br />Lender shall have the right to hold the policies aad ivnewals. If Lender requires, Bom rover 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 loss if not trade 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 />applied to the sums secured by this Security Instrument, whether or not ben due, with any excess paid to Borrower. If
<br />Borrower abandons the Property, or does not answer within 30 days a notice from Lender that the insufance carrier has
<br />offered to settle a claim, then Lender 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 not then due. The 304ay period will begin
<br />when the 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 due date 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 the Property prior to the acguisitvcn shall pass to Lenderto the extent of the sums secured by this Security
<br />Instrument immediately prior to the acquisitioa.
<br />6 Praersatloe ad Malateaame of Prover 1r, teaukol" Burrower 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.
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<br />Borrower shall comply with the provisions cf tliq lrtse, and If Borrower acquires fee tide to the Property, the leasehold and
<br />stee title shall not merge unless Lensder agora ter the [urger in waiting.
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<br />7. Protection of Leader's Ri&s le t2w Props , A4vrtgsger rmezranca if Borrows• 1azFs to perform the
<br />�]Yena>!tf sad a�rEGl Cfi ^^ *a� + [r[ this Security Imbument, or thm T%3 L-sal promo din8 L•hai m].'ii sipAcantly affect
<br />V.
<br />h tinder's rights in the li hVert-y (4twh as a preteeiinS in bartkmptcy, prdl!�re, for arad.:mnativr mr to enforce laws or
<br />regular O"), then Lender may dui and: na1,,t for whatever is secesrsavy to pmr.;, the var,rtG,sT&x Property and Lern/A r''s : fights
<br />in the P fqo vn7, Lender's actions min include paying any n= secured, fry alien V,,d6 has priority over r?nrs % :urity
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<br />Hmtrument, appearing its onun, paying reasonable astomeye fm and a nleing on the Property to rake repairs. Although
<br />tender may take actin tltW;Or this paragraph 7. tender does not have to do so.
<br />Any amounts d:6Y13urvad by Lender under tins paragraph 7 shall becow ne additional debt of Drawer secured by this
<br />Security Instrument. Unless Bom *e+rrd Lender to terms these shall bear interest from
<br />agree other ofpj}Lment, amounts
<br />date Ni rate from Lender to Borrower
<br />the of disbursement at the to and shall be payable. wiq? igtlfest. upon, notice
<br />requesting payment.
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