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_ ... . � � ; - � A I J A j UNIPOAM QOVENANI'S. Horrow►er snd I,ender cavenant�II�I�YflC�9 POIIOWS: y0` �V�'�1�� � �• ��t ot f�i�ciM�awll�tew�PreNy�t�1 I.�te�ha. 8orrawer shall promptly psy when due the principal oi'and intsra�on the debt evidenced by the 1Vote and�ny prepaymsnt and I�te char�es due undar the Note. 2. Iti��i fbe 7'axa a�i i�a�et. SubJect ta�pplicable law or to R written w�iver by I.ende�.Horrawe��hall p�y � to Y.sade�a�the day moMh{y p�Ymrnts�re dtie under the I�iote. unili the Alc�te is psid in fntl,�sum(•'Fundx")equit ta one-twelfth at (+) ye�►rly bxes �nd assasments which m�y attain priority aver Ihis Seaurily Instrument; (b) yqriy le+�hdd p��ts or pruad r�b on the Property. if any; (c) ya�rly haurd issurance premiums; and (dy yc,�riy mortp�e i�auwnoe�mIums.if�ny.These items�re called"escmw items." l.ende�m�y estimate the Funds due on the buL al'cun�a�t d�t�►and rasonatk ettimata of future escroN item�. . ' � 1'he Fund�sh�1i be held in an institutiAn the deposits or account�of whfch are insurtd or guaranteed by a feder�l or stat�a,ency(includi�y L�atkr if i�cndrr i�such an inatitution). I.ender shall sppty the Funds to p�y the escrow item9. Laider may nd char�!�foc holdin�and applya�j the Fund�,snalyrinj the�ccount or verifying the escrow items�unkss � Lender p��rs Borrowrer interat on the Funds and applicabk law permit�Lender to makt such a char�e. Borrower and ��Y�i��Mn�i that intercst sh�ll be p�id on the Funds. lJnlas�n sgrament is made or applicable 1s�► ! requins interest to be p�id,i.entkr sha11 nd be roqyired to pay Barrower any interat or arnin�s on the Funds.Lender � ib�ll pve ta Born�we�.�vithout charye�an annwl�ecountina of thr Fund�showring credits and debits to the Funds and the ; parpo�e tor�hich ach debit to the Funda wu m�de.The Funds�n piedaed as additiand security for the suma secured by + this Security Inurumeat. � Lf the amount of the Funds hetd by IRnder,tosether with the future monthly paymrnts of Funds payabk prior to tLe due dtld of the acro�c items�shall exoeed the amount required to pay the esctow itans when due�the excess shsll be, at Horr+n�ver's option.either promptly repaid co Borro�ver or credited to Banower on monthly pa�yments of Funds. lf the • i anwunt of tlie Funds hdd by Lender is nd sulRcirnt to p�y the acrow items wben due,BonaMer shall psy to Lender any amount neoesasry to malce up the de8ciency in one ar morc p�ymrnts as roqui�od by Lender. L'�n�yn'�c�i ic+�'atZ o9'a11 suu�sceu�ed�,y tilis Secur�iy �nsirument. Lender shAli prompiiy refund eo 8orrower % any Funds held by I.entkr.If under pacaarsph 19 the Propetty is sold or acquired by Lender.Lender shall apply,no uter ; than immrdittely prior to the aak of tht Property or its acquisition by Lmder.�ny Funds held by Lrnder at the time of ' application q a ctedit apinst the sums aecured by this Security Instrument. ' 3. A�1ic�Ho�ot Fa}�we�b. Unlea�applitable!aw provida otherwise.all payments rcceived by Lrnder under paastspla 1 and 2 shall be appliod:Atst.to late char�a due under the Hote;second.to prepayment charaa due under the Note;thlyd.to amounts psy:ble undcr parasnph 2;fourth,to inteeYSt due;�nd Isst.ta principal due. . 4. CMr� Ltews. Barrower shaU p�y all taxa. assessments.charaes,fines and impositions attributable to ihe Property which may �ttaia priotity over this Sacurity Instrument� and ta�sehold psymrnts or �round rents� if any. �� Borro�ver sh�ll p�y these obli�ations in the manner provided in p�ra6raph 2,c*r if not paid in that ma�ner,Barroxer shap � � � p�y them on time dinectly to the person,orred payment.Bonower shall promptly turnish to Lender ali notices of smounts ` to be paid under this praaraph. If 8ofraw�er makes these paymrnts directly,�orrower shall pramptiy furnish to Lender , - :�: - reeeipts e�+idmcin�the payments. _ _ _ . = - - -- aon�oiver shsll promptly dischuse any liea which hu priority over this Se�urity Instsumrnt untcss Borrower.(a) _ �'-_- ap+eee in�rritin j to the payment of the obliption secured by the lien in a m�nner acceptable to Lender;(b)contests in good - faith the lien by�or defends aaainst enforoement of the Iien in,leasl procee�ings which in thc Lender's opinion operate to " pr+event the a�foresmrnt of the lirn ar forfeiturc of any par�of the Property;or(c)soc�:res from the holder of the lien an = asreemertt satisiactory to I.ender subordinatina the lirn to this Security tnstrumrnt.lf Lender determines that any pan of . tt+e Fr�operty is subject ta a lirn which may�thin priority over this Security l�strument. Lender may give Borrower a ncKia idmtifyina the lien_Horrower shall satisfy the lien or take o�e or more of the actions set farth above within 10 days of the aivin j of rwtice. s• N�ssrd I�wra�ee. Borrmver shall kerp the improvements now existing or lsereafler erected on the Property in:ured aaairat lost by flre.l�ar.ards inicluded within ihe term"extrnded coverage'•and ar�y other hazards for which Lender roquires insurana. 'This insurance shall be maintained in the amounu and for the periads that Lrnder requires. The . insurance carriet providiea the insuranoe shall be chosen by BorroMCr subjxt ta Lender's approva]which si►all not be unrwonablY w►ithheid. All imKtrance policia and renewals shall be a¢ceptable to Lender and shall irtcSude a standard mongage clause. I.ender shalt have the right to hold the pc�licies and renewals.If'Lender roquires,Borror�er shall promptly�ive to Lendtr aU raeeiPts d'prid premiuxe�s a�d renewal notices.in the evrnt of loss.Borra�er shall give prompt notice to the insurance ;� carrier and Lender•Ler►der may make proof of loss if not made promptly by B�ovrowee. Unlas I.rnder�nd Sonawer otherwise agee in writina.insurance proceods shall be applied tu restoration or repair � oE the Property dimaaed�if the ratoration or rep�ir is oconomically feasible and Lender s security is not lessened.1f the ratontion or rep�ir is not economicaUy feasible or Lender's security would be lessened.the insurance proceeds shall be applied to the sums securrd by this Seeurity Instrument.w6ether or not then due,with any escess paid to Borrower. IE - Bonorrer ab�ndons the p'roperty�or das nat answer within 38 days a notice from Lender that the insuranee carrier has olrered to settle a claim,lhen Lender may co}lect tlie insurance proceeds. Lender may use the proceeds to repair or ratore the Property or to pay sums secured by this Security instrument,wht�htr or not thca�ue.. The 3�-day period will begin ,. when the ttoti�is given. . Unkss Lender and Borrower otherwise agree in writ ing,any application of proceeds to principal sha1D rtot extend or postpone theduedate of'thc monthly payments referred to in paragJaphs 1 and 2 or change the amount of thr paym:nts.1P under pangr�ph 19 the Property is acquired by Lendec,$arrower's right to any insurance pol'ecies and procet�ds resulting from d�ma,ge to the Property priar to thc acquisition shall pass to Lender[a the eatent o�the sums se.:ured by this Sccurity Instrumrnt immediately prior to the acquisition. 6. Preservatfo�u�d MaiateAa�ee ot Prnptrty;Leasebolds, Banower shall not destray,damage or substantialty chanEe the Property. allow the Property to deteriorate or commit waste.if this Secunty .Instrument is an a leasehold, Borrower shal)comply with the provisions of the lease,and�f Borrower acquires fee�itte to the Propeny,the leasehold and • ' '--- fce title shal!not merqe untess Lender agrees to the merger in wnting. ' 7. protection ot Lender's Rights in the Property; �lfortg�ge Insu►�nce. lf Borrower fails tn perfi�rm the eovenantsand agrttments contained in thts 5rcurit}Instrument,or there isa legal proceed�ng that may sign�fic�ntly affect Lender's rights in the Prc►perty (such as a proceed�ng in bankruptcy, probate, fc�r condemnation or to enforce laws or • regulations),then L,endet may de and pay for whatever�s necessaty to protcct the�alue Uf the Yr�perty and 1 xndes'c rsghts in the Propetty. Lendei s actions may mclude pay�ng an} sums secured by a i�en wh�ch hac pnonty ��er thts Secun�v � L Inst�ument.appeanng in court.pa}ing rcasona�ble attorney s'fces and entenng on the Nroperty a+make repa�n Although Lender may take action under th�s paragraph�,Lendcr doe�not ha�e to do so Any amounts disbursed by Lender under th�S paragraph�chall trerome aclditu�na!dcht a�f t3orrc,aer�e,ured by thit `� Secu�ity Instrument !;nitss Barrow•er and Lender aKree to othe�r terms of ray ment.thcse amnunts st�all t�ear in�cre:�f'r�,m �� tf:e�a1e n�'disvvrsement a� the Nc�te rate and cha�) be ��yahle, with �ntcrest. u��m n��t��c frorr� !ender r�� li,�rrri�rt ��! rcquesung payment w �_�