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�! UNIFORM COVENANTS. Borrower uld Lender covenant sad agree at follows: 101983
<br />i 1. last of rMitrnl acct 1b1 e�t: - 1%payant "d 1819 Cbatpr. Borrows shill proMOW pay when due the
<br />principal of and interest on the debt - evidenced by the Note and any prepayment and Tate charges due under the Note.
<br />I L ihNs for Tom aM lawrome. Subject to applicable law or to a written waiver by Lender. Borrower shall pay to
<br />Lglder on the day monthly payments are due under the Note, until the Note is paid in full, a sum ( "Funds ") equal to one -
<br />twtlfth of: (a) yearly taxes and assestmessts which may attain priority ova this Security Instrument; (b) yearly hawhold
<br />payments or ground rents on the Property, if airy; (c) yearly hood insurance premiums; and (d) yearly mortgage insurance
<br />premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the basis of current data
<br />and reaaooabk estimates of future escrow, items.
<br />Tire Funds shat@ be held in an imat.ution the deposits or accounts of which are kulred or guaranteed by a federal or
<br />f state agesncy (including: Leader if Leader is such an institution). Lender shag apply the Funds to pay the escrow items. Lender
<br />may not charge for hoUft and applying the Funds. analymgi the account or verifying; the escrow items, anus Lower pays
<br />Borrower interest on ft Funds and applicable law permits Lender to make such a charge. Borrower and Lender may agree in
<br />writing that interest altail be paid on time Funds. t7riless an agreement is made or applii- hEe law requires interest to be paid.
<br />Leader shall not be `rogghd to pay Borraa-er any isnterat or eamings om ;rfte, F,mds : EA*W, ft* 9- we to Borrower. without
<br />.. -• .:: charge, an annual' auxwsiga{ng of the Funds showing credits and deb tr ax< r ibTdt� �ivdi'r� licit each deb'
<br />�.:
<br />the Funds was madri ' tp .Funds arG rb.4t3e .additional +Sdcurity lnstrc=att.
<br />If she alnourtt: f(':, ems: , ,{11q ! , together 'avii'dta c'�c.firuai�gf.irisnthl� ,tents of Funds payahbd ja?ra+r to the
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<br />due dawVf the ow,- items, .: �raa ' 66.'anount mgai a tern ► escrow items when due, the a sYnt l be, at
<br />,BorroviWi optlacr,., 4did�. r it Aid tv;
<br />D o�Dtq�r. p ewer or ?olws4,� ; srr fy�+thly payments of roar} c: tf the s at of the
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<br />ipunds held by. r, 'ids Tana suft[cieat 'ter ,g e escro�.'y93 .;`)*b= due, Borrower shall pad f h= Lender any amount
<br />eers<! ,i3�:tti6ke ui r�sriQefieieac .fh occe mice payrrsri.�_%r..•�tr✓#' by Lender.
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<br />l:Jlxtti ¢ayrwwe.�t `�5ss. ; of nil Minx Frdaur32• 0y this smCm ijrcCti itzrstent, Lender shall promptty n -fund to I mnaver say.
<br />Fads' held by Lett r : LL usid[r lass';q ra quired by. Lender, Lender shall apply, city aster than
<br />immediately prior tt' firtt.saie aE• ;be 06 tq. ,s its scgc.-, by- F.smder. any Funds held by- Lender at the time of
<br />application as a cretfii .4 umd they r lro t >~y this Security Instru�t.
<br />3. AppUettttuti ;' Payaae01, •, UUetss applicable law provides otherwise, all payments received by Lender under
<br />parngraphs 1. and x -11TU be applie&' furst, 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 />1. Cbatrgea; LIM. 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. Borrower
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<br />shall pay these obligations in the manner provided in paragraph 2, or if not paid in that manner, Borrower shall pay them on
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<br />time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts to be paid under
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<br />this paragraph. if Borrower makes these payments directly. Borrower shall promptly furnish to Lender receipts evidencing the
<br />Payments.
<br />Borrower shall promptly discharge any lien which his priority over this Security instrument unless Borrower: (a) agrees
<br />in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good faith
<br />;
<br />the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent
<br />the enforcement of the lien of forfeiture of any put of the Property; or (c) secures from the holder of the lien an agreement
<br />satisfactory to Lender subordinating the lien to this Security Instrument. if Lender determines that any pan of the Property is
<br />subject to a lien which may attain priority over this Security instrument, Lender may give Borrower a notice identifying the
<br />lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of notice.
<br />3. Hazard Ituars ace. Borrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />against loss by fire, hazards included within the term "extended coverage" and any other hazards for which Leader requires
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<br />insurance. This insurance shall be maintained in the amounts and for the periods 41yt Lender requires. The insurance carrier
<br />Providing the insurance shall be chosen by Borrower subject to Lender's approval which steal! nos be unrmsorsably withheld.
<br />All insurance pddi[ries and renewals shall be acceptable to Lender rnd shall include a standard mortgage clause. Lender
<br />shall have the right to hold the policies and renewals. if Lender requires, Borrower shall promptly give to Lender all receipts
<br />y
<br />of paid premiums and renewal notices. in the event of loss. Borrower shall give prompt notice to the insurance carrier and
<br />Lender. Lender malt make proof of loss if not made promptly by Borrower.
<br />Unless Le_,td'a and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of
<br />the Property damaged. if the restoration or repair is economically feasible and Lender's security is not lessened. If the
<br />restorstlart, or repair is not economically feasible or Lender's
<br />security would be lessened, the insurance proceeds shall be
<br />applied eo, the sum secured by this Security instrument, whether or not then due. with any excess 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
<br />proceeds. Lender may use the proceeds to repair or restore
<br />the Property or to pay sums secured by this Security instrument, whether or not then due. The 30-day period will begin when
<br />the notice is given.
<br />Verdes 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 >,wagraphs 1 and 2 or change the amount of the payments. If
<br />under pwcasgraph 19 the Property is acquired by Lender.
<br />Borrower's ri,gltr to any insurance policies and proceeds resulting
<br />from damage to the Property prior to the acquisition shall pass to Lend.m,. to the extent of the sums secured by this Security
<br />Instrumect
<br />immediately prior to the acquisition.
<br />d "imon"lles stunt Mobseaaaee of rnpetty; Imseliehili. Borrower shag not destroy. damage or substantialjg change the Proms, allow the Property to deteriorate or
<br />commit wtietx. if this Stratify [Rancor [er�t is on a ltssehokl, :Borrower shall
<br />comply wall the provisions of the lease, and if a tower acquires fee title to iltG Proxrt'f.. the leasel, -4 and fee title shall not
<br />merge useless Lender agrees to the merger in ruing_
<br />7. TraUefta of iI eNee's iR(gb4 In the trolserty; Mertz g. L...�. If Borroi:, ,-,. f;;i3 to perfw;r► tC[r c-uvenanis and
<br />agreements contained in this Security Instrument, or that is a legal proceeding that may significantly affect Lender's rights in
<br />the Property (such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws or regulations). then Lender
<br />may do and pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property. Lender's
<br />actions may Wilde items any sutras secured by a lien which has
<br />priority over this Security Instrument, appearing in court.
<br />Paying reasonable attorney's fees and entering on the Property to make repairs. Althougts Lender
<br />may take action under this
<br />Paragraph 9 Lender does not have to do so. Any amounts disbursed by Lender racer this paragraph 7 shall become
<br />additional debt of Borrower secured by this Security Instrument. Unless Borrower and Lender agree to other terms of
<br />P&Yment. these amounts shall bear interest from the date of disbursement at tht Neu rate and shall be payable, with interest.
<br />F
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<br />uPxra notice from Lender to Borrower requesting payment.
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