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<br /> Itr co vrt d'r antartd a £Ul! ows ~-104 J
<br /> UNIFOR I Cv ENAN'lf"a Both and Len 4.,rct, C r:
<br /> 1. Paywmat of PrIRdVW read ~ * Mikrnaetsl Late Clan, ~A ' f3c>rros ct shall pmmPtly ;*Y whin doe
<br /> the principal of and interest on trite debt iWd-ncW bya O e'`&xe and a tip p ri m( it and We elrtx es due ut&.'r the Note.
<br /> 2. Funds for "Fzi es ttttrdi bash Subje'~~Cury tip piietrble low 0i1*,* urr r, -W ,"aer k t etch error i& shall lay
<br /> to Lender on'thc day nsouthly pa+rnuents t cl'c at. ltr diet; Nt*., until:Ow* Syut.t: iI pttk in ral.,, a 14-,M.CF11Ws") cgiial to
<br /> otme-twelfth of. (a) fxly liw ,i~,d it; m%tic "WHO mAy'sttttirr, irionty t1~r~r tlti~ rity Instrument; (b) yearly
<br /> leasehold payments for ground rents on the Property, if any; (c) ;yd;xr;!W Wt iiwd in trance premium% and (d) yearly
<br /> rortgage insurance prerniusms„ if any: We itevas test. caw "etcrovL, rilenis. Lender m►ay estimate the Funds due on the
<br /> basis of current data;, ,and reasor:tableestimater 4r fuiture.escrmy iterns.
<br /> The Rends shall be held in an instituti,,xi.'cne deposits or accounts; of whirr; are i;nsunM or guaranteed by a federal or
<br /> state; am i .Cy (including Lender if Lender "is sxh and insti;tu ion). Lender shall apply tree Funds to pay the escrow items.
<br /> Lender may not charge for holding and it `ying the Funds, snalyzin~g ithe account or verifying the escrow items, unless
<br /> Lender pays Bornaw::r interest on the. F: v1s. and applicable law pernniis Lender to make such a charge. Borrower and
<br /> Lender may zrgret: in writing that intern,::.; shall be paid on the Funds. Unless rin agreement is rrmJe or applicable taw
<br /> requires interest to be paid, Lender shall K)t be raluired to pay Borrnwcr any interest or earnings on the Funds. Lender
<br /> shall give to Borrower, wi the ut charge, an :annual accounting of the Funds showing credits and di!bits In the Funds and the
<br /> purpose for which each debit to the Ft: rid" vas made.. The Funds are pledged as additional security l;ar the sums secured by
<br /> this -&vurity instrume'ait.
<br /> Ii the amount of. the Funds helot 1!,y Lender, together with the future monthly payments of Funds payable prior to
<br /> the due dates of the escrow its ari$, sins a .'reed the amount required to pay the escrow iteins when due, the excess shall be,
<br /> at Borrower's optioxi, either promptly repaid to Borrower or credited to Borrower on monthly Nayments of F!!hds. If the
<br /> amount a,-)f the funds bc-1W :s. Land-r ,s not sufficient to pay the escrow, items when due, Borrower shall pay to Lender any
<br /> amount necessary to maace up the :t !f,:itency in one or more payments as required by Lender.
<br /> Upon payment in full of al!. s-`a .s !.ecl:red by this Security Instrument, Lender shall promptly refund to Borrower
<br /> any Funds held by Lender. If under ~ aragmph 19 the Property is sold or acquired by Lender, Lender shall apply. no later
<br /> than immediately prior to the salt. .:f'the Property or its acquisition by 'Lender, any Funds field. by Linder at the time of
<br /> application as a credit against the s~s ri..; secured by this Security Instrument.
<br /> 3. Application: of Ptyrnervi, Unless applicable law provides otherwise, all payments received by Lender under
<br /> paragraphs t and 2 shall be applied: first, to late charges dux under the Note; second, to prepayment charges due under the
<br /> Note; thirrd, to amounts payabl, under paragraph 2; fourt►a, to interest due; and last, to principal due.
<br /> 4. Charges, 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 pae'e+graph 2, or if not paid in that manner, Borrower shall
<br /> pay them: on time directly to the person owed payme*at. Borrower shad promptly furnish to bender all notices of amounts
<br /> to be (raid 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 priorityover this Security Instrument unless Dor►ower: (a)
<br /> agrees in writ,,ng to the payment of the obligation st,'cured by the lien in a manner acceptable to Lender; (b) contests in good
<br /> faith the lien by, or defrnds against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to
<br /> prevent the enforcement of th° lien or foifeiture of ago.; part of the Property; or (c) securer from the holder of the lien an
<br /> agreement satisfactory to Linder subordinating the lir.,a to this Security Instrument. If Lender determine. that any part of
<br /> the Property is subject to a l'en which may attain priority over this Security Instrument, Lender may give &,rrowcr a
<br /> notice; identifying. 'the lien. Borrower shall satisfy the lien or take one or more of the actions set fort`, above within 10 dar's
<br /> of the giving of notice.
<br /> 5. Hazard Insurance. Borrower shall keep the improvements now existing or Ic reaft -n- eres: ted on the property
<br /> insured against loss by fire., hazards included within the term "extended coverage" and any utl,,:r hazards fear which lender
<br /> requiu-s insurance. This insurance shall be maintained in the amounts and for tht: periods that Lender requires. 'file
<br /> insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not he
<br /> unreasonably withheld. .
<br /> All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br /> Lend-r shall have the right to hold the policies and renewals. If Lender requires, Borrower shall promptly give to Lender
<br /> all receipts of paid prermums and renewal notices. In the event of loss, Borrower shall give prompt notice to the insurance
<br /> carrier wind Lender. Lender mny make proof of 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 tht
<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 then due, with any excels paid to Borrower, if
<br /> Borrower abandons the Property, or does not answer within 30 days a notice from Lender that the insurance 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,4hethcr or not then 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 at!y insurance policies and proceeds resulting
<br /> from damage to the Property prior to the acquisition shall pass to Lender to the extent of the surns secured by this Security
<br /> Instrument immediately prior to the acquisition.
<br /> 6. Preservation and'vlrtintenanceof Property; Leaseholds. Borrower shall not destroy, danizige or substantially
<br /> change the Property, allow the Property to deteriorate or commit waste. If this Security Instrument is ore a IcaselloW,
<br /> Borrower shall comply with the provisions of the lease, and if Borrower acquires fee title to the Property, the leMehold and
<br /> fee title shall not merge unlcs'r Lcndcr agrees to the merger in writing.
<br /> 7. Protection of Lennder's Itiphts In the Property; NlortgaRe Insurance. If Borrower fails to perform the
<br /> covenants and agreements rrntained in this Security instrument, or there is a legal proceeding that may significantly atlcct
<br /> Lender's right;; in tile- Property (such as a proceeding in bankruptcy, probate, for condemnation or to enforer laws or
<br /> regulations), then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights
<br /> in the Property. Lender's actions may include paying any surns 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 action under this paragraph 7, Lender do-s not have to do sir.
<br /> Any amounts disbursed by Lender under this paragrapb ? shall become additional debt of Borrower secured by this
<br /> Security Instrument. Unless l5orrawcr and Lender agree to other term, ofpayment, these amounts shall bear interest from
<br /> the date of disbursement at the Note rate and shall be payable, with interest, upon :notice from Lender to Borrower
<br /> requesting payment.
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