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<br />UNIFORM CovE•NANTs• Borrower and Lender covenant and agree as follows: 89. 101 O6 0
<br />1. Paytaeat olPlriWpal and Interest; Prepynteat and Late Charges. Borrower shall promptly pay when due
<br />the principal of acid interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />2. Funds for Taxes and Iasnirance, Subject to applicable law or to a writtent 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 ( "Fur.,dti ') 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 may estimate the Funds due on the
<br />basis of current data and reasonable estimates of future escrow items.
<br />The Fundsshallbe 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 may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless
<br />Lender pays Batrrower interest on the Funds and applicable law 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 itst,arest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the funds. Lender
<br />..'shall giveRa).>lijtr iiuwer, s-ithout charge, an annual accounting of the Funds showing credits and debits to th'!Xunds and the
<br />'purpose for whfi cv ;zhdebit to the Funds was made. The Funds are pledged as additional security for the sums secured by
<br />this Security Iastrtur4*. .
<br />If the amount oE`t a Funds held by Lender, together with the future monthly payments of Funds payable prior to
<br />the due dues of the escrow items; small exceed the amount required to pay the escrow items when due, thetexcess shall be,
<br />at Borrower's option. either promptly repaid to- Borrower or credited to Borrower on monthly payments of Funds If the
<br />amount of the Funds Irdd by Lender is not sufficient to pay the escrow items when due, Borrowec.shall tM td Lender any
<br />amount necessary to make up the deficiency in one or more payments as required by Lender.
<br />Upon payment in full of all sums secured by this Security Instrument. Lender shall promptly refund to Borrower
<br />any Funds held by Lender. If under paragraph 19 the Propearrf is sold or acquired by binder, Lender shall apply. no later
<br />than immediately prior to the sale of the Property or its acgWsition by Lender, any Funds held by Lender at ¢lie time of
<br />application as crednt?against the sumsseoured lby xl'ais Security Instrum,er;r"
<br />3. Appllcatiaaof Payments. Unless applicable law provides ©dvawise, all payments received -by Lender under
<br />paragraphs I and 2 shall be applied: first, to late charges due under the D rvre; 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 />Property which may 2ttain priority over this Security Instrument, and leasehold payments or ground rents. if any.
<br />Borrower shall pay tlyzc obligations in the marter provided in paragraph 2, or if not paid in that mimner, Borrower shall
<br />pay them on tits- directly to the person owed C.,?Iiv.q: it. Borrower shall promptly furnish to Lender ,31I notices of amounts
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<br />to be pa: tu:drY this paragraph_ If Borrower sr�alses c>;1 ?t;tents directly, Borrower shall proirptty furnish to Lender
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<br />recd ts�tvidt ncin the payments.
<br />P 8 PaY
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
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<br />agrees in writing to trepayment of the obligation secured by the lien in a manner acceptable to Lend.:r, (b) contests in good
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<br />faith the lien by, or defends against enforcement of the lien in. legal proceedings which in the Lend'er's opinion operate to
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<br />prevent the enforcement of the lien or forfeiture of any part of the Property; or (c) secures from flit holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument. If T:etsder 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 sati: ,y,, the lien or take one or more of the actions set forth above within 10 days
<br />of the giving of notice.
<br />S. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter r=cected on the Property
<br />insured irpinst loss by fire, hazards included within the teem' extended coverage" and any other t Lmirds for tiuIfia >h Lender
<br />requires insuraw. This insurance shall be maintained in the amounts and for the periods th v., Lender requires. The
<br />insurance carrier pra.4iding the in&mancc sha.IL the chosen by Borrower subject to Lender's apC,:nvit.i which shall not be .
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be acceptable to Lender and shall include a suafard mortgage clause.
<br />Lender shall have the right to h0LUthe policies and renewals. if Lender requires. Borrower shall pr.7mntty give to Lender
<br />all receipts of paid premiums and renewal notices. In the event of loss, Borrower -hall Pine promo: rts-, to the insurance
<br />and Lender. Lender may make of loss if not made promptly by Borrower.
<br />Carrier proof
<br />Unless lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair
<br />of t.ha: Property damaged, if the restoration or repair is economically feasible and Lender's security is not lessened. if the
<br />restoration or repair is not economically feasible or Lender's security would be ka isened, the insurance proceeds shall be
<br />applied to the sums secured by this Security Ins.raJn imr. whether or not then dun.,.with any excess paid to Borrower. If
<br />Borrower abandons the Property. or does not .v ,cur. within 30 days a notice frnri;,Lender that the insurance carrier has
<br />offered to settle a claim. then Lender may colle-m. t1w insurance proceeds. Under 13-tay use tho proceeds to repair or restore
<br />the Property or to pay sums secured by this 5ewrity Instrument. whether or not there due. The 30 -day period will begin
<br />when the notice is given.
<br />Unless Lender and Borrowr -r Whemise agree in writing, any application of proccedv to principal shall not extend or
<br />postpone the due date of the monthly paymem s 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, Borrowers right to any insurance policies and proceeds resulting
<br />from damage to the Property prior to theacquisition shall pass to Lender to the extent Hof the sums secured by this Security
<br />Instrument immediately prior to the acquisition.
<br />6. Preservation and Maintenance of Property; Leaseholds. 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 />iovrrOrwer 511311 comply with the provision%of the lease, and if Bonov cr acquires fee title to the Prepccty. the leasehold and
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<br />fee title shall not merge unless Lender agrees m the merger in writing.
<br />7. Protection of Leader's Rights in the Property; Mortgage insurance. if Borrower fails to perform the
<br />covenants and agreements contained in this Security instrument, or there is a legal proceeding that may significantly affect
<br />Lender's rights in the Property (such as a proceeding in bankruptcy, probate. fm condemnation or to enforce laws or
<br />regulations). then Lendeir maydo and pay forw-hatever is necessary tv prolmf elli v clue of file ProPeriy an,i Lendcc s rights
<br />in the Property- Lender's actions may include paying any sums secured by a lien which has prtonty over this Security
<br />Instrument. appearing in court, paying reasonable attorneys fees and entering on the Property it, make repair-.. Although
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<br />Lender may takeactron under this paragraph 7. Lender does not ha%e todoso.
<br />Any atrtuuntc disbursed by Lender under this paragraph 7 shall becom: additional debt of Borrow er secured by this
<br />Security instrument. Unless Borrow and Lender agree to other terms oSpayment. these amount %shall hear interest from
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<br />flit date of disbursement at the %cite rate and shall he pa)ahle. with interest, upon notice from I ender to ltorrowcr
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<br />requesting payment.
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