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<br />-_mot
<br />UNIFORM COVENANrs. Borrower and Lender covenant and agree as follows
<br />1. Payment of Prindpal sod Interest; Prepayment and Late Charges. Borrower shall promptly pay when due
<br />the principal of and interest on thedebt evidenced by the Note and any prepayment and rate charprs due under the Note.
<br />2. Funds for Taxes and Insurance. 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 Property, if any; (c) yearly hazard insurance premiums. and (d) yearly
<br />mortgage insurance premiums, if any. These items are called "escrow items." Lender way estimate the Funds due on the
<br />basis of current data and reasonable estimates of future escrow items.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or ivaranteed by a federal or
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds 7o 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 />Lender pays Borrower interest on the Funds and applicable.,laai 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, Lender shall not be required,tn:pa Borrower any interest or earnirgs on the Funds. Lender
<br />shalt give to Borrower, without charge, an annual accountingrsf�the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made ;'T;ie 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, togs #:tier yith the future monthly payments of Funds payable prior to
<br />the due dates of the escrow items, shall exceed the amci"- riequired to pay the escrow items when due, the excess shall be,
<br />at Borrower's option, ci her promptly repaid to: Oat mwer_r credited to Borrower on monthly payments of Funds. If the
<br />amount of the Funds. h by ;Le nde€.is not siilit:�i i top ". the escrow items when due Borrowc ;.shall pay to Lender any
<br />amount necessary to rriAe' U* Ih de -deny i aril: ar tttovejiasy Tents as required by
<br />Upon, payment in fall of a'al gents seep. 6y this l iirki Instrument, Len& -t sRrii;il 1pmiii refund to Borrower
<br />any Funds held by-Lender. If under paragraph 14-the Pi'd ' . � sol4fi �r akquired by Lender, Yi:.��ei s tall apply, no later
<br />than immediately pries to the sale of the Propesry or_ its acquisition ay: h:etrder, any Funds Itel�" bN L�cnder at the time of
<br />applicatibn'as a crWi: against the sums secured by this Sedulity. ibstf urrent.
<br />3. Application of Payments. Unless applicable lam grovides otherwise, all payments received by Lznd?s under
<br />paragraphs I and 2 shall be applied: Erst. to late charges due under the Note; second, to prepayment charges du: under the
<br />Note; th oa
<br />ird, to amntspayable t:ad- {+asagrapI 2; fourth, to interest due ;1n+3last, to principal due.
<br />4. Charges;141ar Borrowers'- -;211 taxes, assessments,:ehurges, fines and impws_ �, as attributable to the
<br />Property which may attain pd,,m : over t>r_s.Security Instrument, arud leaisehoId r ytrrerts or. i round rents.. if any.
<br />Borrower "2 pay these obligatio-- is the manner provided in paragraph 2, or if not paid in t'i2. r.:ar:ner, Berrmixer shall
<br />pay them on. time daaa dy to the person owed payment. Borrower shall promptly furnish to Lender all notices ofalhounts
<br />to be paid under this paragraph. If Borrower 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 0 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, Lender may give Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br />ofthe giving of notice.
<br />S. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the term "extended coverage' and any other hazards for which Lender
<br />requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. Tl:.
<br />insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not One
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be acceptable to Lender and shall include a sta ^03rd mortgage clause_
<br />Lender shall have the right to hold the policies and renewals. If Lender roluires..Borrower shall r romptly give to Lender
<br />all receipts of paid premiums and renewal notices. In the event of loss. Borrot" er shall give promF, notice to the insurance
<br />carrier and Lender. I1 nder may make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proa—eds shall he applied to restoration or repair
<br />of the Property damaged. if the restoration or repair is economically feasible and Lender.',- secuEr.,y.is not lessened. If the
<br />restoration or repair is not economically feasible or Lender's security would be lessened, tr, a izii X -Z-nce proceeds shall b:
<br />applied to the sums sz.urea by this Security Instrument, whether or not then due, with ar.y excess paid to Borrower. If
<br />Borrower abandons the Pn' perry. or does not answer within ?U days a notice from Lender that the insurance carrier has
<br />offered to settle a claim, t'hers Len.'sr 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 these due. The 30-day 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 acquisition shall pass to Lender to the extent of the sums secured by this Security
<br />instrument immedintely prior to the acquisition.
<br />6. Preservation and Maintenance of Property; Leaseholds. Borrower shall not destroy, damage or substantialI
<br />change the Property, allow the Property to deteriorate or commit waste. If this Security Instrument is on a lcascho'.d.
<br />Borrower shall comply with the provisions of the leas,, and if Borrower acquires fee title to the Property. the lea hold and
<br />fee title shall not merge unless Lender agrees to the merger in writing.
<br />7. Protection of Lender's Rights in the Property; Mortgage Insurance. If Borrower fails to perform the
<br />covenants and agrm iients contained in this Security Instrument, or there is a legal proceeding that may significantly affect
<br />I.ender'c rights in the Property (such ac a proceeding in bankruptcy, probate, for condemnation or to enforce law-- or
<br />regulations). then Lender may doand pay for whatever is necessary to protect the valueof the Property and Lender's rights
<br />in the Property. Lender's 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 aotiun under this paragraph 7. Lender does not have tudo so.
<br />Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Horrower secured by this
<br />Security instrument. Unless Borrower and Lender agree to o ;her tennsof payment. these amount-- shall bear interest from
<br />the date of di%butsement at the Now rate and shall tx payable. with interest. upon notice front Lender to Hormaer
<br />request ing payment.
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