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<br />UNIFORM COVENANTS. Boriower and Lender covenant and agree as follows:
<br />1. Payareat of PrhwW and Loweo4 Prtgaywat turd Late Citarses, Borrower shall promptly pay when due
<br />the priricipad of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />2. Fu*6 farTaxn a d lawrance. Subject to applicable law or to a written waiver by Lender, Borrower shall. pay
<br />to Lander on the day monthly payments are due under the Note, until the Note is paid in full; a sum ("Funds") equal to
<br />oreaurelflh 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 />morgpW insurance premium if any. These items are plied "escrow items." Lender may estimate the Funds due on the
<br />basuisolEcurrnt data and reasonable estimates of future escrow items.
<br />The Fonds snail be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br />state asandy (uwtt ding Landes if Lender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Lesnber may rot ebwp for balding and applying the Funds, analyzing the account or verifying the escrow items. unless
<br />Lerner pays Boesovrer interest on the Funds and atpplicaable law permits Lender to make such a c1targa. Borrower and
<br />Lender may agree in waiting that interess shall be paid on the Funds. Unless an agreement is made or applicable Paw
<br />requiem interest to be paid. L ender shal3 to be required to _pay Borrower any interest or eavings on the Funds. Lender
<br />WW on to Borrower, without charge, an annual accounting of the Funds showing credits xk.&-bits to the Funds and the
<br />purpose for which each debit tothe Funds was made. The Funds are pledged as addirionatsw=y for the sums secured by
<br />MhSecurity Instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly pay»cu of Funds payable prior to
<br />the due data of the escrow items. shall exceed the amount required to pay the escrow items when due, the excess sbtieli:be,
<br />at Borrower's option, eitber promptly repaid to Borrower or credited to Borrwrwef on monthly payments of Funds. If the
<br />amaMitf the Funds held by Lender is not sufficient to pay the escrow items when due, Borrower shall -P Sur Lender any
<br />anawam messary to make up the deficiency in one or more payments as required by Lender.
<br />Upon ptymcnt in full of all sums secured by this Security Instrument. Lender shatf.- Opimptly refund to Bataawer
<br />any Francs held by Larder. If under paragraph 19 the Property is sald or acquired by Lefler„ Lender shall apply, no lifter
<br />than imatediatdy prior to the sale of the Property or its acquisition by Irendet., any F• =29 lhald by Lender at the time of
<br />application as a credit against the sums secured by this Security InstsummL : -
<br />3. Appileadas of ftmeab. Unless applicable law provides oth=v;m4,a1l paymi i itts received by Lender under
<br />paragraphs 1 and 2 shall be applied: first. to late charges due under the Note; �.-c:ond, to pre'yment charges due under the
<br />Notg third, to amounts payable tinder paragraph 2; fourth, to interest due; and tut, to principal due.
<br />d. Cbwom Liema. Borrower shall pay all taxes. assessments. chargas,..fines and impositions attributable to the
<br />Property wibwA tray attain priority. over this Security Instrument, and litebold payments or ground rents, if any.
<br />f1crim wx sisals pay these obligations in the manner provided in paragraph 2, or if not paid in that manner►, Borrower shall
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<br />pa y 1hrm vet i % directly to the person oared payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to f5ep i deader this paragraph. if Borrower makes these paym .directly, Borrower s hFU � promptly furnish to ,L4=der
<br />rMeTts evidencr g the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the paymmit of the obligation secured by the lien in a manner acceptable to Lender, (b) contests in good
<br />faith thue lien by, or dArnds t enforcement of the lien in, legal proceedings which in the Lcndees opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any part of the Property; or (c) swum Cream the holder of the lien an
<br />sgnewmt satisfactory to Lender subordinating the lien to this Security Instrument. If Letr&..r 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 satisfy the lien or take one or more of the actions set forth above within 10 days
<br />oftheBivingofnotice.
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<br />S. Hazard Iwournece. Borrower shall keep the improvements now existing or hereafter erected on the Pruporty
<br />insured against loss by fire, hazards included within the term "extended coverage" and any other hazards for whi.b Lmder
<br />requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The
<br />insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be
<br />unrasombly withheld.
<br />Ali insurance policies and renewals shall be acceptable to Lender and "I includt a standard mortgage clause.
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<br />Leader shall have the right to hold the policies and renewals. If Lwider requires. Borrower shall promptly give to Lender
<br />all receipts of ptvid premiums and renewal notices. In the event of less. Borrower shall give prompt notice to the insurance
<br />casTier and Lender. Lender ray make proof of ionisv.v made promptly by Borrower.
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<br />Unless Lender and Borrower otherwise agree: ir: vrriting, insurance proceeds shall be applied to restoration or repair
<br />of the Property tiuvwged, if the restoration or repsi.:� -is econorrxc gy feasible and Lender's security is not lessened. If the
<br />restoration or rgWr is not economically Cessible or Lender's semrity would be lessened, the insurance proceeds shall be
<br />applied to the sums secured by this Secuzirf imsttiremt, whether or not then due, with any excess paid to Borrower. If .
<br />Borrower abandons the Pmpe ty, or does v, .t vt%er within 30 days a notice from Lender that the insuirarice carrier has
<br />oPerod to settle a claim, th m- Lender may wiles the ir:.surance proceeds. Lender may use the proceeds to repair or restore
<br />the Property onto pay sins secured bythts Security Instrument, whether or not then due. The 30•day period will begin
<br />wlmtbe notice is given.
<br />Unless Lender and Borrower otherwise agree in writing, any application of Moxmpda to principal shall not extend or
<br />powtpoate the due date of the mmtbly payments referred to in paragraphs 1 and 2 arclitm ae the amount of the payments. If
<br />under paragraph 19 the Property is acquired by l en&r, Borrower's right to any :rsu: ;?We: policies and proceeds resulting
<br />fronts damage to the Property prior to the acquisition shall pass to Lender to the extent of xbe sums secured by this Security
<br />Instrument immediately prior to the acquisition.
<br />6. Presetrati m aadMalatenum of Properjn LtaaeboML 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 />Burrower shall comply with the provisions of the lea.s . and if Borrower acquires fee title to the Property. the Irssehold and
<br />fee title shall not merge unless Lender agrees to the merger.in writing.
<br />7. Pretectim of Leader's Ris1Nx In tie Property; Mortgage Iewrawe. if Borrower fails too 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, for condemnation or to enforce laws or
<br />resutattsorsN tl`m Lender tray do =d pa= for whatever is nexe&=y to protect the valueof the Proprrry and Lender's rights
<br />in tk Property. Lender's actions may include paying any sums secured by a lien which has priority over this Security
<br />Instruatent, appearing in court, paying reasonable attorneys' fees and entering on the Property to make repairs. Although
<br />LLender may take action under this paragraph 7. Lender does not have to do so.
<br />Any amounts disbursed 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
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<br />the date of disbursement at the Note rate and shall be payable. with interest, upon notice from Lender to Borrower
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<br />requesting payment -
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