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<br /> UNIF��1lM COV�NAtriS. BattowerAnd Lert�er�vensnt�nd tgra as foflows:
<br /> � 1• P�e�t ot Pci�el�at�sd Iuterql;P�tspsye�eaf�wd Late C�u�es. Borrowrr shall promptiy pay whra due
<br /> the principd o�and interat on the debt evidenced by the l�ote and any prepayment and late charges cfue urtder the Note.
<br /> �. Fr�Y tar'Tuca a�d I�a�ee. Subject to spplicable isw ar to a written waiver by Lender.Hc�rrower shall psy
<br /> to L,eader on tho day monthly p�ymmts are due under tbe Nate,until the Note is paid in full.a sum("Funds")eqwl to
<br /> one-l�►eMh nf (��..y�r�y te�rs �*�s) asussm=ni� �.hich r�ay attain�Sriarity aver this Security Instrument; (b) yesrly
<br /> leatrhold p*yme�ts or�raund rents oa the Property. if tny; (cI� yearly hazard insurance premiums; and (d) yearly
<br /> nwrt=a�e insur�nce premiums,if any.Thae items are called••escrow items."Lender may estim�te the Funds due on the
<br /> bais af curnnt dat�and ressonabk atimata of fLture acrow items.
<br /> The Funds shall be held in an institutiot�the depcuits or accounts of which are insured or guaranteed by a federal or
<br /> � state a�e�cy (includin�b,mder if Lender ia such an instltution).Lender shall apply the Funds to pay the escrow items.
<br /> Ltntkr msy nat char�e for holding�nd applying the F�nds.anilyzing the account or verifying the escrow items,unlas
<br /> I�ender p�ys BorroMer interest on the Funds and applicable law permits Lender to make such• charge. Borrower and
<br /> Lender may ajree in writins that interest ahall be ptid on the Funds. Unless�n agreement is made or applicable law
<br /> , requlra interat to be ptid, Lender shall not be required to pay Borrower any interat or esrninas on the Funds.Lender
<br /> ahall�ive to Borrovrer,without charge,an annu�l accountina of the Funds showing credits and debits to the Funds and the
<br /> ; pur�ae for w+hicb each debit to�iae Funds aas made.The Funds�re pledged as additioeal security for the sums secured by
<br /> this Securlty instrument.
<br /> � If the unauat of the Funds held by Le�der.toEethrr�vith tt��futur�monthll payments oP Funds pay�8le prior to
<br /> " the due dsta of the esctorv items,shall eaceed the amount required to pay the escrow items when due,the excess shall be.
<br /> ! at Horro�ret's optioa,either promptly repaid to Bonower or credited to Borrower on monthly payments of Funds. If the
<br /> ; amount of the Funds held by Leader is�ot sullicient to pay the escrow items when due,Borrower shall psy to Lender any
<br /> amount necasary to mske up the deficioncy in one or more p�yments�s required by Lender.
<br /> Upon psyment in tiill of aU sums secured by this Security Instrument.Lender shall promptly refund to Borrower
<br /> � any Funds held by Lender.If under paragraph 19 the Property is sold or acquired by Lender.Lender sh�ll apply.no later
<br /> than immediately prior to the sale of the Property or its acquisition by Lender.any Funds held by Lender�t the time of
<br /> application as a credit�aainft 1he sums secured by this Security InstrumGnt.
<br /> 3. A�UeaHon ot Payweab. Unkss applic�ble law providrs oiherwise,all p�ymmts received by Lender under
<br /> para�raphs 1 and 2 shall be appiiod:8rst.to tate charges due under the Note;second,to prepsyment charses due under the .
<br /> Note;third,to amounts payable under paragraph 2;fourth,to interest due;and last.to principat due.
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<br /> .__ _ . 4. G�I.ieY. Hnno�ret shall efiy all t�ltes;aee.-ec�.., ,ec �,wro.,,e,�i�w�e r.wwi s1st�l6'sr«�ii::�••.��:�.:..::C _. -
<br /> Property �vhich may attain priority.aver tbis Security Instrumrnt,and leasehold psymcmts or ground renu, ii any.
<br /> Borro�ver shall pty these obliaations in the manner providod in pirsEnph 2.or if not paid in that manner. BorrQMer shatb
<br /> psy them on time dirxtly to the person owed payment. Bonower sRall promptly furnish to Lender all notias of amounts ! _
<br /> to be paid under this paragraph.If Borrower mskes these payments directly. Borrower shall promptly furnish to Lender � '
<br /> reoeipts evidrnceng the paymenta
<br /> Borro�ver shaU ptomptly discharge any lien which hu priority over this Security Inserament unless 8orrower:(a) ��
<br /> aaroa in Mriting to the p�yment of the obligation secured by the lirn in s mumer acceptable to l.endrr;(b)contests in good -
<br /> faith the lien by.or defends aEainst enforcement oP the lim in,legil proceedings which in the Lender's opinion operate to =�
<br /> prevrnt the enforcement of the lim ar forfeiture of any put of the Pruperty;or(c)secures from the holder of the lien an � `=
<br /> agament satisfactory to Lender subordinating the lirn to lhis Security lnstrument.If Lender determines that any part ot '.�
<br /> the Property is subject to a lien which may atuin priority over this Security Instrument,Lrnder may give Botrower a
<br /> , notice identifying the lien. Borcower shall satisfy the lien or take one or rnorc of the actions set forth above within 10 days
<br /> � of the givina nf notice.
<br /> ' S. Har�rd Iaaua�ce. Borrower shall keep the improvements now eaisting or herrafter erceted on the Property �
<br /> insured against loss by firc,hausds included within the term"e�ctended coverage"and any other hu�rds for which Lender
<br /> requira insurana. This insurance shall be maintained in the amonnts and for the periads that Lmder requires. The
<br /> insurance carrier providing the insunncc shall be chosen by Borro�►er subject to Lender's approval which shall not be
<br /> unrasonably withheld.
<br /> All insurance policies snd renewals shill be acceptable to Lender and shall include a standard mortgage clause. �
<br /> Lender atWl hsve the right to hold the policies and rentwals.If Lenrler requires.Borrower shall promptly give to Lender
<br /> all receipts of paid premiwns and reRevval nolicts.In the event af loss,Borrower shall giv�prorspt notice to the insurance '
<br /> carrier and Ixnder.Lender may make proof uf toss if not made promp�tly by Borrower.
<br /> Uniess Lender and Borrower otherwise agrce in writing,�nsurance proc.eeds shall be applied to restozation or repair
<br /> of the Ptopefty damaged. if t�e�cstoreti8n or repair is economicaUy feasibte and I.endtr's xcurity is not Eesssneti. If the
<br /> restoration or repair is nat economirally feasible or l.ender's security woutd be lessened, the insurance proceeds shall be
<br /> appliod to the sums secured by this Security Instrument.whether or not then due,with any excess paid ta Bonower. If
<br /> Borrower abandons the Property,or does not answer withm 30 days a notice from Lender that the insurance carriet has
<br /> olfered to xttle a claim.then Lender may collect the insurance proceeds. Lender may use the proceeds to re�air or restore
<br />. the Properly or to pay sums secured by this Security Instrument,whether or nat then due.The 30-day pecefld will begin
<br /> when the notice is given.
<br /> Unless Lender and Bonower otherwise agree in wntmg.any appl�cauon of proceeds to pnncipal shall not txtend or
<br /> postpone the due date of the monthly payments referced to m paragraphs 1 and 2 or change�he amount of the paym�nts.IP
<br /> under paragrapt�19 tht Ptoperty is acquired by Lender, Bortower's nght to any insurance pol�c�es and proceeds rtsulting
<br /> from damage to the Property pnor to the acquisition shall pass to Les�der to t he extent of the sums secured by this Secunty
<br /> Instrument immediately prior to the acyuisition. ' . `` ----'
<br /> 6. Preserration and Maintenance ot Propert�;Leaseholda. Borrower shall not destroy,damage nr substannally
<br /> change the Propeny. allow the Property to detenorate or commn waste. If this 5ecunty Instcameot �s on a Itasehold,
<br /> Borrower shail comply with the�rov�sions of the tease,and�f Borrower acqu�rec fee utie to the f'soperty,the leasehold and
<br /> fee titlt shall not merge unless Lender agrees to the merger in wnt�ng.
<br /> � '�. Protection ot Lesder•s Rights in thc Property; �tortgage lnsurance. lf 8orrower fails to perform the �
<br /> cuvenantsand agreements eontained�n this Secvnay Instrument,orthere isa legal praceed�ng that may s�gn�ficantly aR'ect ��
<br /> � ' Lender's nghts in the Property (such as a p-occed�ng in bankruptcy, �+robate. for condemnat�on or tv enforce laws or
<br /> reenlat:ans),thee l,tndet rna�do and pay for u hatcve;�s neccssai y ta prutrcl the�aiue of tne Propert y and Lender's nghcs i,t�
<br /> in the Property. I,ender's act�nns may include pay►ng any sums secured by a hen wh�ch has �TIOi91y �ner thic Secunty t��
<br /> Instrument,appearting�n court,paymg rea�onable attorneys'fees and cntenng nn fhe Property t�make rcpairs Alth��ugh ��i
<br /> I,ender may take act�c�n under th�s paragraph�. !e�der dc�es nat ha+r tod«�o �{
<br /> Any��mount!+dtcbursed hy Lender under thic 6.arbgraph � shal l be�<+me additivs�al deM ��f Ror rnwer�ecured h� th��
<br /> 5ecunty Instrurnent l�nle�s Borrouer�nd Leneier agrec ti�i�ther tcrmtnf rey mcnt. the�e arn��untti�h�ll hear intcre�i frnrn
<br /> lhe dnte uf d�Shunement a1 :he Nc�ic ralc ;�nc� ch�lE he ��>shle. w:th unrtr.t. upc�:ti n��ti�r fr��m 1 cnJcr t�� R:�rrvwcr
<br /> requcsung pay ment
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