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<br />10171
<br />UNIFORM COVENANTS. Borrow ox and Lender covenant and agree as follows:
<br />1. Pays l of Pdmdpal stns hUrest; Prepatytt at aW Late Charges. Borrower shall promptly pay when due
<br />the prittit;ipal of and interest on thedebt evidenced by the Note and any prepayment and late charges due under the Note.
<br />2 Fardt for Truces anti Ia wma. Su¢ject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lertdtr 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 />leasehedd payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortpW immattce premiums, if arty. These items are called "escrow items." Lender may estimate the Funds due on the
<br />basis o fcorent data and reasonable estimates offutureescrowitems.
<br />Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items_
<br />Lender msy not charge for holding and applying the Funds. analyzing the account or verifying the escrow items, unless
<br />Letxltr pays Borrower interest on the Funds and applicable last permits Lender to make such a charge. Borrower and
<br />Lender vAy agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable taw
<br />requireGJnterest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall gi1v to Borrower, without charge, an annual accounting of the Funds shutting credits and debits to the Funds and the
<br />purp� for which each debit to the Funds was made. The Funds are pledged as;idditional security for the sums secured by
<br />this Security Instrument.
<br />` If the amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to
<br />the die dates of the escrow items, shall exceed the amount required to pay the es- crow items when due, the excess shall be.
<br />at Borrower's option, either promptly"icpaid to Bv=wer or credited to Barnuw r on monthly payments of Funds. If the
<br />amount of the Funds held by Lender is aet suEiciew, zv pay the escrow items wh- en due, Borrower shall pay to Lender any
<br />amount necessary to make up the deficowzy is ant ar mere pay-arents as required by Lender.
<br />Upon.payaient in full of all sums semred by ryis Securi:-y Instrument, Lender shall promptly refund to Borrower
<br />any Funds held by Lender. If pa>ra:gph 19 t: Property is sold or acquired by Lender. Lender shall apply, no later
<br />than immediately prior to the sale of the Property ed its acquisition by Lender, any Funds held by Lender at the time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />3. Application of Paymeam Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs 1 and 2 shall be applied: first, to late charges due under the Note; second, to prepayment charges due under the
<br />;Note; third, to amounts payable under paragraph 2; fourth, 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 />Piniperty which may attaq priority over this S5:urity Instrument. and., ms—z told- p:a.:ments or ground rents, if any.
<br />Burrower shall pay these at'si%; f' (. is in.the man.rAi rp-rivided in paragraph,:4 -or if not paid in that manner. Borrower shalt
<br />pay them on time directly io ,2 t pwvm n i—:,wed pay7�ti. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragmr1i:1.. D.- ,:ir-,wer makes these pa }nrrr..c'a di�zN:ly, Borrower shall promptly furnish to Lender
<br />receipts evidencing the pa5 m —ea rs..
<br />Borrower shall promptly discharge any lien which has pr -tty. this Security Instrument unless Borrower: (a)
<br />Wcees in writing to the payment of the obligation secured by the lien in a manner acceptable to 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 Securhy Instrument, Lender may give Borrower a
<br />notice identifying the lien. Borrower shall.satisfy the lien or take ene or mof -a oC the actions set forth above within 10 days
<br />of the giving of notice.
<br />S. Hazard Insurance, Borrower L'tall keep the or hereafter erected on the Property
<br />insured against toss by fire. hazards included with:, the term "extended coves j e' "andany ether hazards for which Lender
<br />requires insurance. This insurance shall be maimaii -ed in the amounts and f+ r ttii:�i eriods that Lender requires. The
<br />insurance carrier providing the insurance shall be chiosen by Borrower sat -lmt to Tender's approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renacals shall be acceptFCtr tai Lender and �ihall include a standard mortgage clause.
<br />Lender shall list a the right to hold the policies and: renewals. Y'Linder require, Borrower shall promptly give to Lender
<br />all receipts of paid premiums and renov:at notice`. 1`n, the event of loss, Borrower shall give prompt notice to the insurance
<br />carrier and Lerd x.:, Lender may make pn -,cf of Icso if not made promptly by Borrower.
<br />Unless LeiW -r and Borrower et ii-emise agree in writing, insurance proceeds shall be applied to restoration or repair
<br />of thi Property damaged, if the restcrttwr, or repair is ewnumit.ally feasible and Lender's security is not lessened. If the
<br />restormion or repair is not economically feasible or Lender's,iu:uray would be lessened, the insurance proceeds shall be
<br />app'u:da to the sums secured by this Security Instrument, whetl yr or riot uteri due, with any excess paid to Borrower. If
<br />Borrower abandons the Property, or does not ansivex within 30 days a novice from Lender that the insurance carrier has
<br />off-Ted to settle a claim, then Lender may collect Cite. insurance proceeds. Larder may use the proceeds to repair or restore
<br />this PAVOrty or to pay sums secured by this Security iiiythmtent; whether or not then due. The 30 -day period will begin
<br />wb.-ri ths-t totice is given.
<br />Unless Lender and Borrower otherwise agrom in writing any application of proceeds to principal shall not extend or
<br />pmtpxurthe due date of the monthly payments st!'err'ed to in paragraphs 1 and 2 or change the amount of the payments. If
<br />under paragraph 19 the Property is acquired by Under. Borrower's right to any insurance policies and proceeds resulting
<br />fromdiriag'e to the Property prior to the acquisition shall pass to lender to the extent cif the sums secured by this Security
<br />irutttimen--z nmmediately prior to the acquisition.
<br />6r,• Ptmrvation and ..Nainteeanm of Property; Leaseholds. Borrower shall not destroy, damage or substantially
<br />ehanse On. Property. allow the Property to deteriorate or commit waste. if this Security Instrument is on a leasehold.
<br />BriTumeryrallcomply with the provistonsof the tease, and if Borrower acquires fee title to the Property. the leawhold and
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<br />fee tith'sh ilihot merge unless Lender agrees to the merger in writing.
<br />Ti, VV otection of Lender's Rights in the Property; Mortgage Insurance. If Borrower fails to perform [lie
<br />caryet mB and agreements contained in this Security Instrument. or there is a legal prmeeding that may sigtufw vjtly. affect
<br />Letuliet's rights in the Property (such as a proceedir:g in bankruptcy, probate, for condemnation of to enforce laws ur
<br />regOltions), then Lender may do and pay for whateses is necessary to protect the, alue of the Prupert , and l coder'~ rr f;hts
<br />im the Property. Lender's. actions may include paying any sums secured by a lien which has prionty ever this Security
<br />lu- ifrumcnt, appearing in court. paying reasonable attorneys' fees and entering on the Property to make repairs tit hrrugh
<br />Ltnder•may take aclion under this paragraph 7. I.ender does not has a to do so
<br />Any amountsdishursed by Lender under this paragraph 7 shall becomeaddittemal debt of Bi+rrr.uer seioted ry this
<br />S[CUrll} Instrument Unless Burrower and Lender agree to other terms of payment. these arms wit % shill hear tnlcrc•%t fr, )m
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<br />the date of dishurscment at the Note rate and shall be payahle. aith Interest, upon riirlire fr.•rr. I ender t,+ Itifrir.wer
<br />requesting payment
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