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<br />UAIAaoM Cb�tMAnt`ts. Borrower and LAmder covenant and —
<br />aguxasfolIaws:
<br />g. Paytnaest of Prladpd era! Ltern4 Ps+epaytraettt sad Late Cb@rgm Borrower shall p fomlttl! ►;.pgx :whga•dtze
<br />the principal ofand interest on the debt evidenced by the Note and any prepayment and latecharg%dueund's" tale Natlt.
<br />2, Fook fsrTaxas and luwaaee. Subject to applicable lacy or to a written waiver by Lender"-FeTa Wiv, er shall pay
<br />to Leader on the day montbl i payments are due under the Note, until the Note is paid in full, a sum ( "Fatids ") equal to
<br />ote-t+rdM of (a) yearly autos and its which may attaiin priority over this Security Instrument; (b) yearly
<br />leasehold payments or grow d rents on the Property, if any; (c) yearly hazard insurance premiuns; and (d) . yearly
<br />MWIS a insurance premiums, if any. 'There items are called "escrow items." Lender may estimate the Funds due on the
<br />basis of curnat data and reaaonabk estimates of future escrow items.
<br />The Funds shall be held in an institution thedaQetits or accounts ofwhich are insured or guaranteed by a federal or
<br />state agency (Mcluding I.ender if Leader is such an i id itution). Lender shall apply the Fusel to pay-tha escrow items.
<br />La dw 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 applic abk law permits Larder to make such a charge_ Borrower and
<br />Lander may agme in writing that interest shall be paid on the Funds. Unless an agreement is mate or applicable law
<br />regaira interest to be paid. Leader shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower. without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by
<br />thisSecuritylastrument.
<br />If the amauat of the Funds held by Lender. together witb.the -future monthly payments of Funds payable prior to
<br />the due dates of the em aw b*m shall exceed the: amouatrequired to pay the escrow items when due, the excess shall be,
<br />at Borrower's option, either promptly repaid to Bet r¢wm er credited to Borrower on monthly paymet" s df Funds. If the
<br />amount of the Funds head hr` Less der is not suFicialt f,,ris=psy the escrow items when due, Borrower sWJ. pay to Lender any
<br />aatount neoestary to rrrak= tlfede&ieacy is d tear piore payments as required by Lender_
<br />Upon PsYmOtif isi fu`s3• of all suns reoatred by this Security Instrument. Lender shall psirniiptly refund to Bo
<br />rr¢wes
<br />any Funds held by i elder. If =der parsp%k 19 the Property is sold or acquired by Lender. Lender shall apply, na lutrie.
<br />than immediately prior to tare said of the° Property or fh acquisition by Lender, any Funds held by Lender at the time of
<br />application as a credit against thaw secured by this Security Instrument.
<br />3. Apollciidsat of Pay Unto& applicable law provides otherwise, all payments received by Lender under
<br />paragraphs 1 and 2 shall be applied: ArA to late charges due under the Note; second, to prepayment charges due under the
<br />Note; tkind, to amounts payalbie trader paragraph 2; fourth, to interest due; and last, to principal dire.
<br />4. CiEWR Liana, Seavwer"pay all taxes, assessments, charges, fines and impositions am- fbntable to the
<br />Property which may attain priority over this Security Inurumeat, and leaehold payments or graund tents, if any.
<br />Borrower shall pay these oliMptions, ins the manner provided in paragraph 2. or if not paid its that manner. Borrower shall
<br />pay than on time directly to the p w'�amW payment. Borrower shall promptly famish tap ender all notices of ametwi.
<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 lim 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 ""saner acceptable to Lender, (b) contests in good
<br />faith the lien by, ordefends apinst enforcement of the lien in, lept p x=dinp which in the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any part of the Frnperty; or (c) secures from the holder of the lien on
<br />agreeanent satisfactory to I.etsder subordinating the lien to this SeacJ ty Instrument. If Lender determine& that any part of
<br />the Property is subject to alias which may attain priority over this Swurity instrument. Lender may give Borrower a
<br />notice identifying the lien. Borrower sherd satisfy the lien at take am at more of the actions set forth above within 10 days
<br />of the giving of notice.
<br />S. Naard Lary Borrower. "hall keep the improvements now existing or haafter erected on the Property
<br />insuredapinst loss by fire, hazards included within the term "extended coverage" and any other hazards for which Leader
<br />requires insurance. This ittvzwce shall be maintained in the amounts and for the periods that Lender requires. The .
<br />immune carrier pp ov dwa the insurance shall be chosen by Borrower subject in Lender's approval which shall net be
<br />remambly
<br />All iris rmce : p olides and renewal shall be acceptable to Lender and shall include a standard mortgage clause.
<br />Lender shall have the r*., to hold the policies and renewals. If Leernda requires, Borrower shall promptly give to Leader
<br />all remipts of paid ptemiuesr• and renewal notices. In the event of kegs, Borrower shall give prompt notieeto the insurance
<br />earlier and Lender. Leander may make proof of loss if not made promptly by Borrower.
<br />Unlena Le wl a and Borrower otherwise agree in writin& insurance proceeds shall be applied to restoration or repair
<br />of the Property damgpd. if the restoration or repair is economically feasible and Lender's security is not lessened. If the
<br />restoration or repkr 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 therm dutq with any excess paid to Borrower. If
<br />BorWwerr abandons the Properly, or does not answer within 30 days a notice from Lender that the insurance carrier has
<br />oferrzf to settleackim. then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore
<br />The Prrapesty err to pay sums secured by this Security Instrument. whether or not then due. The 304ay period will begin
<br />where the notice is given.
<br />Uidew Linder and Borrower otherwise agree in wilting, any application of proceeds to principal shall not extend or
<br />1ostpoee the due date of the mimthly payments refem %I {o in paragraphs 1 and 2 or change the amount of the payments. If
<br />isadds paragraph 19 the Property is acquired by Lender. Borrower's right to any irnsuratice policies and proceeds resulting
<br />fran damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security
<br />instrument immediately prior to the acquisition.
<br />ei, Pettanawtratloa lad bWmtumm o! Pmgtrp, taodaNa. Borrower shall not destroy, damage or substantially
<br />Change! the Property. allow the Property to deteriorate or commit waste. If this Security instrument is on a leasehold.
<br />Borrower shall comply with the provisions of the lease. and if Borrower acquires fee title to the Property, the leasehold and
<br />fete title shall not merge unless Lender agreees to the merga in writing.
<br />7. ProtatM of it ewWs Rlgib in tke Property; MorMW Iawrsaee, It Borrower fails to perform the
<br />ots:r- :rt:3rd :gr «� ►.ents cc��tai 6 it3 tleis SwuMir Instrument, or there is a iepi proceeding that may significantly affect
<br />Lender's rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws or
<br />regulations). then Lender may do and pay for whatever is necessary to protect the value of the Property and i.endees rights
<br />in the Property. Lender's actions may include paying any sums secured by a lien which has priority over this Security
<br />tnstrumemt. appearing in court, paying rewwrtabLe attorrreys' fees and entering on the Property to make repairs. Although
<br />Lender may take action under this paragraph 7. Lender does not have to do so.
<br />Any amounts diftrsed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this
<br />Security instrument. Unless Borrower and lender agree to other terms of payment. these amounts shall bear interest from
<br />the date of disbursement at the Note rate and shall be payable, with interest, upon notice from Leader to Bormwer
<br />requesting payment-
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