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_ 1 89- 101900 UNIFORM COVENANT'S. Borrower and Lender covenant and agree as follows: 1. Psyneat of Fd ciptl and Interest; Prepayment and Late Cksrges. Borrower shall promptly pay when due the principal ofand interest on the debt evidenced by the Note and any prepayment and late charges due under the Note. 2. Funds forTa xas and Insurance. Subject to applicable law or to a written waiver by Lender. Borrower shall pay to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum ( "Funds ") equal to r one - twelfth of (a) yearly taxes and assessments which may attain priority over this Security Instrument; (b) yemr!y . leasehold payments or ground rents on the Property. if any; (e) yearly hazard insurance premiums; and (d): yegrly . mortgage insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds due ori.the'. basis ofeurrent data and reasonable estimates of future escrow items. The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed.by a federal or state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay ilia escrow items. Lender may not charge for holding and applying the Funds. analyzing the account or verifying the escrow items, unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge., Borrower and Leader may agree in writing that interest shall be paid on the Funds. Unless an agreement is made*n.r applicable law requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on.tha Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged aF, additiarial iecurity for the sums secured-by,; this Security Instrument. lithe amount of the Funds held by Lender, together with the future month) payments of Funds payshlii prior tar':` the due dates of the escrow items, shall exceed the amount required to pay the escrow items when due, the execs'; shutl:ise at B¢maivivs's option, either promptly repaid tai BorrOiuer mf credited to Borrow-w ern monthly payments of Funds. k the amd� t:! -- -I-e Funds held by Lender is not suff -d-ent to pay the escrow items when due. Borrrawerrshall pay to Leader any.. amoti,�5a37 tnnrake up the deficiency in ece or more payments as required by Lender. VWn payment in full of all sums secured by this Security Instrument, Lender shall prmnptly refund to Borrower any L°ssius held by Lender. If under paragraph 19 the Fraperty is sold or acquired by Lender, Lender shall oply, no later than immediately prior to the sale of the Property or i6 adquisition by Lender, any Funds held by Lender of the time h(. application as a credit against the sums secured by this Security Instrument. 3. Application of Payments. Unless zpplicable law provides otherwise, all payments received by Lender uirrli:r paragraphs 1 and 2 shall be applied: first, to latecharges due under the Note; second..to prepayment charges due under tins::" Note; third, to amounts payable under paragraph 2; fourth, to interest due; and last,. hi. tincipal due. 4. Charges; Liens. Borrower shall pay all taxes, assessments. charger, f . and impositions attributable to the Property which malt attain priority. over this Security Instrument:, daril yir': ncc,: