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<br />UNIFORM COVENAM& Bom=wer and tender covenant and agree as (61104 1-V
<br />1. Paynnt of Pr1ndpal and intnvn4 Pnpynaat sad Lancet Ckarges. Borrower shall promptly pay when due
<br />the principal of and interest on the debt evidenced by the Note and any, ament and late charges due under -the Note.
<br />ta_or o 3. Fuia for Ta xn ail I mwaace. Subject o applicable w
<br />written waiver by Lender. Bortowec shrOMI :
<br />to Lander on the day monthly payments are due under the Note, until the Note is paid in. full. a sum ( "Funds ".); t old ito
<br />owtwe:Illh of (a) yearly taxes and assessments which may attain priority over this: Security Instrammli- ttl,yarly
<br />kssehold payments or ground_ vents on the Prroperty, if any; (c) yearly hazard insurance -premiums.! and=(dJ yearly
<br />atortpge insurance premiums. if any. Thme it=$am called "escrow items." Lender may estimate the Funds due on the
<br />basis ofcurrent barest and reasottabkextitnataseaf future escrow items.
<br />The Fundsa shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br />state ageM (including Laker if Leader is such an institution). lender shall apply the Funds to pay the escrow items.
<br />Larder may not charge for holding and applying the Funds, analyzing the account or verifying the eneraw- ihm.unless
<br />Leander pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. BorrawAr. grid
<br />Irmder may SPW in writing that interest shall be paid on the Funds. Unless an agreement is made or apiplicabits law
<br />requires interest to be paid, Lender shall not be required to pay Harrower any interest or earnings onthe Funds" Lend&
<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:tlte future monthly payments of.Funds payable prior to
<br />the due dates of the escrow items, shall exceed the amount reVirti to�pay the escrow items whin; duea.,thc excaess shall be,
<br />at Borrower's option. either promptly repaid to Borrower cr er6dl -to Borrower on monthly lr ymentss + fftnds. If the
<br />amount of the Funds held by Lender is not sufcient to lay theresc �iw items when due, Borrower shaft pay 1P.Leneer any
<br />amount necessary to makeup tie deficiency in one or worepaywa nis as required by Lender.
<br />Upon payment in full of all sums secured by this Smui i • lmtzument, Lender shall ptamistly refund to Borrower
<br />any Funds held by Lender. If under paragraph 19 the Psupe€cy-jss sand or acquired by Lender, Larder shall-apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by Lender, any Funds NO* Lender at the time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />3. Afflieados of Psyn entn, Unless.applicable law provides otherwise, all payments.received by Lender under
<br />paragraphs 1 and 2 shall be applied: Oral, to -Ift charges due under the Note, second, to prepsymc at charges due under the
<br />Note; third, to amounts payable under p mga iph �, fourth, to interest due; and last, to principo dbe.
<br />4. Charm IAm Borrower shall p0 sll taxwassessmentts, charges. Ones and impositions attributable to the
<br />Property which may attain priersty. ever .tiik Security li mtru rteai,. and leasehold payments or ground ; rants, if any.
<br />Borrower shall pay these obligations in the manna provided. bl. pamamph 2. or if not paid in that,manner, Borrowershan
<br />pay them on time directly to the person owed.pdyment. Borrower sttaesll promptly furnish to Lender all notices of amounts
<br />to be paid under the paragraph. If Somweer soaker these payments directly, Borrower shalllpromptly furnish to Lender
<br />receipts evidennsing tare pesyments..
<br />Borrower sSrJ.t promptly discharge any lien which has priority over this Security Instrument unless Borrower. (a)
<br />agrees in writing to the payment ofthe obligation secured by the Lien in a manner acceptable to Lender, (b) contests in good
<br />faith the lien by, or de'Aatds against enfimement of the lien in, legal proceedings which in the lender's opinion operate to
<br />ptewent the enforcement of the lien or foefaiture of any part of the Property; or (c) secures from the holder of the lien an
<br />agreement satisfitctury tat Lendiwsubondinating the lien to this Security Instrument. If Lender determines that any part of
<br />the Property its subjea in a liirut which.may attain priolit.11 over this Security instrument. Lender may give Borrower a
<br />notice identifying thelh=. Borrower shall satisfy the lien are take one or more of the actions set faith above within 10 days .
<br />ofthe giving ofnati=.
<br />S. Nasal liatntryuaoe. Borrower shall. keep the; imptrjvmucats now existing or hereafter erected on the Property
<br />insureed against loss by fin hazards included within the t "��ta -ndad coverage" and any other hazards for which Lender
<br />requires insurance. 'this 6 urine shall be maintained m t'ee 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 />unreaaeanaNy withheld
<br />All insurance policies and renewals rball be acceptable to Lender and shall include a standard mortgage clause.
<br />Lander :ball have the right to 666 the policies and renewals. If Lender requires. Borrower shall promptly give to Lender
<br />All receipts of pfd premiums �nd raenmal notices. In the event of loss. Borrower shall give prompt notice to the insurance
<br />carrier and lender. Leader mar proofof loss if not made 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 />ruatosation 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 then due. with any excess paid to Borrower. If
<br />Borrower abandons the Property, or does not answer wi lhin 30 days a notice from: Gender that the insuraaim carrier has
<br />oQerod to settle a claim, then Lender may collect the insurance proceeds. Lender may use the proceeds to repatir cr restore
<br />the Property or to pay sutra se =red by this. Security Instrument. whether or not then due. The 306day period will f*ffiu
<br />when the notice is give m
<br />Unless Lende:r,tnd Batmwer otherwise ajree.ial writing, any application of proceeds to principal shall nct extend or
<br />postpone the due date of Our manth lypatEymn: isradaredtoin paragraphs 1 and 2or change the amount of the pay MM ., ts,if
<br />under paragraph 19 the Property is a+cquirai i* Lender, Borrower's right to any insurance policies and proceeds results erg
<br />from damage to the Property prier to the acquisition shall pass to Lender to the extent of the sums secured by this Se unity
<br />Instrument immediately prior to the acquisition.
<br />i. Pt ewvstieta and RfidgWnasae of Pro"; Letaaaeioida. Borrower shall not destroy, damage or substantiarlly
<br />change the Property, allow the Property to deteriorate or commit waste:. If this Security Instrument is on a leasehold.
<br />Borrowershall comply with the provisions of the lease, and if Borrower acquires fee title to the Property, the leasehold and
<br />fee title shall not merge unless bender agrees to the merger in writing.
<br />7. Phdoed" of Lesley's Arta is the Property; Mortgtep Imnnu ce. If Borrower fails to perform the
<br />ego mants and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly affect
<br />menders rights in the (Property (such as a proceeding in bankruptcy. probate. for condemnation or to enforce laws or
<br />replatitm). then Lender may do and pay for whatever is necessary to protect the value of the Property and Lenders rights
<br />in the Property. Lender's actions may include paying any sums secured by a lien which has priority over this Security
<br />Inst.*ument. Appealing 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 todo 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 aryounts shall tear interest from
<br />the date of disbursement at the Note rate and shall be payable. with interest, upon Obtieref tram Lender to Borrower
<br />requesteng payment-
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