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<br />102088
<br />UNUpotut CovENAN'F5. Borrower and Lender covenant and agree as follows:
<br />1. Payout of Prfaeipal sad Interest; Prepayment and Late ChuM. 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 />L Fa is foe Taxes rant iamraaee. Subject to applicable law or toa written waiver by Lender. Borrowershalt pay
<br />to Lender on the day monthiy payments are due under the Note, until the Note is paid in full, a sum ( "Funds "),oqual to
<br />one-twelfth of: (a) yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly
<br />leombold payments or ground tents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortgage insurance premiums, ifany. These items are called "escrow items." Lender may estimate the Funds due on the
<br />basis ofeutrent data and reasonable estimates of future escrow items.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br />state agency (including Linder if Larder is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Lauder may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless
<br />Larder pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br />Lender may agree in wining that m&e= shalt be paid on the Fund% Unless an agreement is made or applicable taw
<br />requires interest to be paid, Leader shalt not be required to pay Borrower any interest or arc bmp on the Funds. Lender
<br />shall give to Borrower. without charge, an annual accounting of the Funds showing credits a mrj its to the Funds and the
<br />pnipoat for which each debit to the Funds was made. Ttte,Funds are pledged as additional sez%M, for the sums secured by
<br />tlfisSewrity Instrument.
<br />iFthe amount of the Funds held by Leader. trig wi* t� future ypq z of Funds payable prior to
<br />the due dazes of the escrow items, s>sali coed the a dz :—q=rA t}�e i�rtrtlWJ u� when due, the excess shont3s ire,
<br />at Boaratrer s either. to Borcc�l�i+Ctr.'"X,ie�r,+t: bkVW*W•-Z8 rIy payments of Fnnndt's~ "Iif Ltae
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<br />amour t ,of the Funds held.* Lawler is not sufliicdemt< jeer *,S the escmi� ite=ms A r sloe, Borrower shall pay to Ltadaeahy
<br />an�at neoeaug Crz a irr3z defiriatcy in one a cue paYmentti as rer ;.tedt(y header. "
<br />Upon peatrir^ i� �w 11~ ail sums secured b this Sectuit y "st�srnent.ertder Slone promptly re6uad r.a 13'nar+�er '
<br />any Funds held �51ir Lf` raider pa7a,^ t "t lie P,aopertyir qtr acquired by L.ea;: ixrder s1raS! apply; ipter
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<br />thw scmmediately -l;A ,t cis tiro oak of the ftfi " ":y- ow its acquini m f�vtaider, rainy Fwd r, WS by fi wdci� at - . .ter' tof
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<br />apphmtionasacreditsga�tt�i�esumssecuttd "1�*t�l�n.�uritylrrsarnmerse. • ". :" ; ";:,� ..
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<br />3 Aplileatiaa a[ nieata. LInleta et rlli 7lYe taw provu3es othecuriisr~. ail pa}rtnr r3s received 3sy: ir�etitfiei ruder
<br />paragraphs L and 2dafl,i> gVlied: titst..to itltr ciitzrga due under. the Note-, send, to In meet charges di can dire
<br />Note; third, to amrsiiiifa i Zi under parts rash Z-, fourth, to interest due; and last, to prittdyal due.
<br />4. L Wm Borrower shall pay all taxes, assessments. charges, fines and impositions att6butabieta:1*
<br />Property which may attaim priority.over this Security Instrument. and leasehold payments or ground rents, if any.
<br />Borrower shall pay these obligation in the manner provided in paragraph 2. or if not paid in that manner. Borrower shall
<br />pay them on time directly to the person owed payment. Borrower shall promptly furnish to lender all notices of amounts
<br />to be paid under this p&nW*ph. If Borrower makes these payments directiy, Borrower shall promptly furnish to Lender
<br />receipts evidencing 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 payment of the obligation secured by the lien in a manner acceptable to Leader; (b) contests in good
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<br />faith the lien by, or defends against enforeertreat of the lien in. legal proceedings which in the Lender'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 the holder of the lien an
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<br />agreement satisfactory to Lander subordinating the lien to this security Instrument. if Lender determines that any part of
<br />the Property is subject to a lien which may attain priority over this Security Instrument, Leader 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 />of the giving of notice.
<br />L Haurd Istntraaee. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, tTwrds included within the term "extended coverage" and any other hazards for which Lender
<br />requires insurance. This irmax— nice shall be maintained in the amounts and for the periods that Lender requires. The
<br />insurance carrier providing Or insurance shall be chosen by Borrower subject to Lender's approval which shall not be
<br />unrawonably withheld.
<br />All insurance policies a-Z r=cwa±s shall be acceptable to Lander and shall include a standard mortgage cituse.
<br />Leader shall have the right to towel cue policies and renewals. If Lender requ4ek, Borrower shall promptly give to Lender
<br />all receipts of paid premiums amd renewal notices. In the event of loss, Borrefow shall give prompt notice to the insurance
<br />caemer and Leader. Lender may make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or nVair
<br />of the 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 lessened, the insurance proceeds shall be
<br />apQiied to the sums secured by this Security Instrument. whether or not then di'ue, with any excess paid to Borrower. If
<br />Berrower abandons the Property, or does not answer within 30 days a notice ft-cm Lender that the invarance carrier has
<br />offered to settle a claim. then Fender may collect the insurance 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 304ay period will begin
<br />when the notice is given.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to pri ncipal shall not extend or
<br />postpone the due date of the ram bly payments referred to in paragraphs 1 and Z er change the amount of the payments. If
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<br />under paragraph 19 the Property is acquired by Lender. Borrower's right to any insurance policies and proceeds resulting
<br />from damage to the Property prior to :% quisition shall pass to lender to the extent of the sums secured by this Security
<br />instrument immediately prior to the acquivWon.
<br />f. Pnwv sfan sMMaiatesaam elPropery, Leaseholds.. 13orrowm', -stall not deb troy. damage or sutix�.:7ially
<br />change the Property. alki*, tiere Property to deteriorate or commit waste. if rhis Security Instrument is ri.n a ja&ehold,
<br />Borrower awl rn!npiy y!llr.the provn—ions of the iM. :,-. and if Borrower s:s �: rw :rw tide :a ..G :1'fv;R,.�z, , . } Lc 1,.°� :.•::wad
<br />fee title shall riot merge :;,ill ss Lender agrees to the merger in writing.
<br />7. Probcdoo of 11,mWs I ION is the Property; Mortgage 1danif *Ace. if 136rrower fails to perform ^.he
<br />cOv== :an3 ` v , ascontafitffi in this .Sezuritj Instrument. or there is a legal proceuling Herat may 8lgiiille9ntljr "i��2�t
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<br />Lender's rights in the Property (such as a proceeding in bankruptcy, probate; for condemnation or to enforce laws or.
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<br />regulations). then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights
<br />in Property. Lender's
<br />the actions may include paying any sums secured by a lien which has priority over this Security
<br />Instrument. appearing in court. paying reasonable attorneys' fees and entering on the Property to make repairs. Although
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<br />Lender 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 Horrower secured by this
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<br />Security Instrument. Unless Borrower and Lender agree to other terms of payment. these amounts shall tear 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 />requestinspayment-
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