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<br />UNIFORM COVENANT; Borrower and Lender covenant and agree as follows: 89-- 102024
<br />1. Paynunt of Principal a" Interest; Prepayment sad Ilate Charges. Borrower shall promptly pay when due
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />2. Fiiniflli far Team sail lasurainc el,. Subject to applicable law or to a written waiver by Lender. Borrower shall pay,
<br />to ImWer on the day monthly payments are due under the Note, until the Note is paid in full, a sum ('•Funds ") equal to
<br />otte•twtiflh of (a) yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly
<br />kaedkAd payttttflts of ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />irtrbtigllge insurance premiums. if any. These items are called "escrow items." Lender may estimate the Funds due on the
<br />Revs of current data and reasonable estimates of future escrow items.
<br />The Fundt shall he held in an mititution the deposits or accounts of which are insured or guaranteed by a federal or
<br />mate s ttwy (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Lender fray fitti charge for holding and applying the Funds, analyzing the account or verifying the escrow itern4 unless . .
<br />!,ender pays Ikxrower interest on the Funds and applicable law permits Lender to make such a charge. BorniW". hood:
<br />Leader nary agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable-law
<br />f"irta interest to he paid. Lender shall not be required to pay Borrower any interest or earnings on the Funds. l':endcr . Z.
<br />shill give to Fkwrower, without charge. an annual accounting of the Funds showing credits and debits to the Fundsartd t' he:
<br />purpaae for which each debit to the Funds was made. The Funds are pledged as additional security for. the sums secured by
<br />thnSaetutty Instrument.
<br />if the amount of the Funds held by Le..der, together with the future tnevJrty p ymants of Am& payable prior to
<br />the due dates of the escrow items, shall exceed the arnount required to pay the due, the excess shall be, � '`• 's`
<br />at Borrower's option, either promptly repaid to Borrower or credited to Bo- .70avrm rLwaWy payments of Funds. Iftdtr:
<br />amount of the Funds held by Lender is not sufficient to pay the escrow i!e"w1mi:i4due, liiorrower shall pay to Lemdtr r .
<br />amount necessary to make up the deficiency in one or more payments as requ!md 6y Lender.
<br />Upon payment in full of all sums secured by this Security Instrumt:m Lender shall promptly refund to Borrower
<br />any Funds held by lender. If under paragraph 19 the Property is sold or aoWred by Lender, Lender shalt apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />& Appikatloa of Paytneats. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs I and 1 shall he applied: first. to late charges due under the Note: second. to prepayment chnrgesdue under the
<br />Note; third, to amounts payable under paragraph 2; fourth, to interest due; and last, to principal due.
<br />6. Cbargtes; l.ksa. Borrower shall pay all taxes. assminents, charges, tines and impositions attributa'b1ea�:��s
<br />Property which may attain priority over this Scxunty Instrument, and leasehold pays mts or ground rents, i� lary;. j
<br />Borrower shall pay these obligations in the manner provided in paragraph 2. or if not paid in that manner. Borrower shat)
<br />pay them on time directly to the person owed payment. Borrower shall promps$y furnish to Lender all notices ofamolmts, =
<br />to be paid under this paragraph. U Borrower makes these payments directly, Bcar6wer shall promptly furnish to Lender
<br />receipt t►evidencing tht payments.
<br />Borrower shall promptly discharge any lien 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 marlr=uveptable to Lender; (b) contests in good
<br />frith the lien by. or defends against enforcement of the lien in, legal pre:: :ib, -s ►vhivil in the Lender "s opinion operate to :may
<br />prevent the enforcement of the lien or forfeiture of any part of the Property; or (,c) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument. If I,=dcr detertrmi.1aes that any pats of _
<br />the Property is subject to a lien which may attain priorty over this Security instrument, Lender may give Bormmer a
<br />notice identifying the lien Rnrrower shall %aii.fy the lien or take one or more of the actions set forth above within 10 mays —
<br />of the giving of notice
<br />S. Haan/ ittauranee. Ilnrrower shall kerp the Improvements row existing or hereafter erected airs the Property _
<br />insured against loss hV fire, ha/,Ards included within the term ''extended eoaerage" and any other hazards for which Lender
<br />requires insurance Thm insurance shall Ile maintained in the armour:+': and for the periods that Um2er requOrtes, The
<br />insurance carrier provuhng the insurance shall tw chw-va try Iltirrower subject to Lender's approwad; r *rr,.;:h shall "nol be
<br />unreasonably withheld
<br />All insurance potictec and renew,,!+ %hall tie acceptitble to Lender and shall include a standard mortgage clause. t;
<br />Lender shall have the right to hold the ptdic its anti renewals. If !.ender requires, Borrower shall promptly give to Lender
<br />all receipts of paid premiums and renewal notice -, In the event of Ices. Borrower shall give prompt notice to the insurance 's
<br />carrier and Lender. lender may make prt%it of lass if not matte promptly by Borrower.
<br />Unless Lender and Ilotroaer uRlerw me aprre its waling. insurance proceeds shall be applied to restoration or repair
<br />of the Property damaged. it• the retituraticm nr repair t4 economically feasible and Lender's security is not lessened. if the
<br />restoration or repair is not tcconisim .illy fcAsthlr rat Linder'% security would be lessened, the insurance proceeds shall be
<br />applied to the sums secured by this Security In%truntrot, whether or not Then due, with any excess paid to Borrower. if
<br />Borrower abandons the Property, tit dire, nw am1hri willim 30 days a notice from Lender that the insurance carrier has
<br />offered to settle a claim. then Lender may it dice t the ntsaninie proceed, Lender may use the proceeds to repair or restore
<br />the Property of to pay sums W. !Iret1 by Ihlc tic, uruy lntltument, whether or not then due. The 30.da;y period will begin
<br />when the notice is given
<br />Unless Lender anti Il iwwf°rt +therwtteamoreIr will' fig, any application cif proceeds if) principal shall not extend or
<br />postpone the due date if the niranht; tj.i;:a -rat; :el(IIrtl to;n parai;, aph; i and 2 rat change the amount of the payments. If
<br />under paragraph 19 the PropIrny is at tintweel by I ;wader, Kiiftower't, right to any Insurance policies and procetds resulting
<br />frorndamage to the Property limit it t till, at ciuisitlr m ~hall past tit I.e•nder itt the enfant of the sums secured by this Security
<br />Instrument tmmC411AWs pr f. tw fit 1llft a. do i ,lt rf I!,
<br />6. Preservation ar4 Maintteance of Proper #; IeLwh(olds. Ilurrrrwrr %hall not destro), damage or substantially
<br />change the Pruperly. allow the 1't,iltt,lf4 If• detrrit'ratc nr cutnnnt waste If the%tievurtty Instrument is on a leasehold,
<br />Borrower shalt comply with the prrtviSU +its tff the Iraw. an,) tf florriwwrr acquire% fee title to the Property, the leasehold and
<br />fee title shall not merge unless I ruder nkrrr% t,+ thi. nlriffel uA ww ttini,
<br />T. Proteetloa of Lender's kights in thr i'ro►pirri) . %frorlipge Insurance. If Irrower fads to perform the
<br />covenants and amrcemenis t onisincrl ifi tln, %r, omit, ttr,tmitimit, f ft tilery i, a ieg;il {trticeedtng that may significantly affect
<br />I'maur's r0!z 5:- the a -turh x.i d �• *�,it•itfgF if, i *itittrui it f, prtihate, for condemnalton or to enforce taws or f
<br />regul /tt0151, then Lender Itraii tilt attic (,q t,:: tth;iff off IS rift eiijl 1, VI 111111rt,f thr oaluc of the hrtipeny and Lender's rights
<br />L in the Property lender s al.tuar% lady tot 11tiff t,.ivitlg any ;was Sct Ij1Cd 11q Icen which has primiq liver this Security
<br />Insrument. ap- pearlcig III kwttf, J'A4IIti' /r <it.t,ipftfE' elh,F1IC `, Ire. autl tn:cmng tin 'tie Pr•,gttaly to make repair. Although
<br />IlAndef may tike at. Ili ttr„trr the, t!.41"IR!;;l�ti f enrlet ttt•ro rnI ff ftt� h, off • if • tki t
<br />Any aminuirc dr.htwct• +t t,r i rritei „I:ttPf ft+! .It,rlakt;ilih ' Shit! iCL4f fir ` rr,li[ilrf goal tichf f +t It ll'10 el, Secured by tunas %ftusityltimiurin ^tit 1- nlev, It,• itt. ortafnll�nSrlavler .-4,tlir,frt °a' „IVv.IIICrlt ftTere. tlllnill 'ft ♦%hailhearttitefeM(rrrtit �
<br />the date of tictbiuterfscot dt 1f!.' ti• L f!! .tr,.t yt,at) 1.+ I ef.SC,ee .4ftlt :1,Ip4rt{ f!trNi itffthC orrt.tli IctittCt ti• Ili +:rtiiie / r'
<br />requiritint to)Illeri: in
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