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<br />9'' 102143
<br />UNIFOmm Covvm IS_ Borrower and Leadercarenant and agree as foiloras:
<br />(' L Payment of PrhKipal aced bteres4 Pr epa>miemit mad Ltete mss. Borrows shall promptly pay when die
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and late charges dim under the Note.
<br />2. Funds for Taxes and Iasrassca ' Subject to applicable law or to a written waiver by Lender. Borr►rw cr shall pay
<br />to Lender on the day monthly payments are due under thr Note, until the Note is paid in full. t. suea ("Funds`) equal to
<br />one-twelfth o8 (a) yearly taxes and assessments which may attain priority over this Scantly Instrument; (b) )wrly
<br />leasehold payments or ground rents oa the Property, if any; (c) yearly, hazard insurance premiums; and (d) yearly
<br />mortgage insurance premiums, if any. These items art called "escrow items." Leader rmty es-,mate the Funds due on t1;
<br />basis of current data and reasonable estimates o`future escrow iterim
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed b} .7. redera! or
<br />state agency (including Leader if Leader is such an institution). Lender shall apply the Funds to pay the cs :row item.
<br />Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escros'• :; errs, unless
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. :V -,r! i.,trer avid
<br />Lender may agree in writing that interest shall be paid on the Funds. Unless an agreement is made or app'itatble law
<br />requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the I ii ;S:r. Lend(
<br />shall give to Borrower, without .:harge, an annual accounting of the Funds showing credits and debits to the . utrtls sand !rte
<br />purpose'br which each debit to the Funds was made. The Funds are pledged as additional security for the sutras semi:-rd by
<br />this Security Instrument.
<br />If the amount of the Ftmds held by Lender, tolgether with the fcture monthly payments of Funds ps.yito prior to
<br />the due dates of the escrow item-,, shall exceed the t.rn mt tequired to pay the escrow items when due, the txom shall be,
<br />at Borrower's option, citLer promptly repaid •:� 11cr:-ower or credited. to Borrower on monthly payments of Funds. If the
<br />amount -1 the Funds held by Lender is not st:l%;. -lcW.. I:,:) pay the escrow items when due, Ecrrower shall pay to Lender any
<br />amount necessary to make up the deficiency in cane ou vnore payments ads 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 Property is sold or acquired by Lender, Leader shall 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 />3. Application of Payments. Unless applicable law provides mherwise, all payments received by Lender under
<br />paragraphs 1 and 2 shall be spplied: first, to late charges due under the Note, second, to prepayment charges due under the
<br />Note; third, to amounts payab' -= 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 attain priority over this Security Instrument, and leasehold payments or ground urn if env. -
<br />Borrower shall pay these obligations in the manna provided in paragraph 2, or if not paid in that manner, &arrow " shall
<br />pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of a unts
<br />to be paid under this paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Bet rower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payment o {the obligation secured by the lien in :a manner acceptable to Lender, (b) contests in good
<br />faith the lien by, or de' ends against enforcement of the lien in, legal pt(rx- edirgs which in the Lender's opinion operate to
<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 Gen to this Security Instrument. if Lender determines that any part of
<br />the Property is subject to a lien which may attain priority aver this Secu -My Instmment, Lender may give Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forts; above within 10 das. f
<br />of the giving of notice.
<br />5. liazard Insurance. Borrower shall keep the improvements now existing or hereafter ertcted on the I`r Vert y
<br />insured against loss by fire, hazards included within the term "extended coverage" and any other hazards for whi^_h L alder
<br />requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender rege*•-.s. Tic
<br />insurance carrier providing the insurance shall be chasm by Borrower subject to Lender's anprovai which shay.!: be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgzge clanc47.
<br />Ie.ndcr shall have the right to hold the policies and renewals. If Lender requires, Borrower shall promptly give to Lender
<br />all r+tecipts of p?-,d premiums and renewal notices. in the event of lose, Borrower!;ha!l give prompt notice to the insurance
<br />rarr;cr and Lender. Lender may make proof of loss if not made promptly by Borrower.
<br />Un.'ns Lcnder and Borrower oth- -rwise agree in writing, insurance proceeds shall be applied to restoration or repair
<br />of the Prop e.ity damaged, if the restoration or repair is economically feasible and Lender's security is not lessened. If the
<br />restorati ;,a or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be
<br />applied t�% the sums 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 r, settle° a claim, then Lender may ct,!!ect 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 30-day period will begin
<br />when the notice is given.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to p•rincipai shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the ;[mount of the payments. If
<br />under paragraph 19 the Property is acquired by Lender, Borrower's right to any insurance pol4c:ies and pr,xecds rvxdting
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extent of 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 />Borrower shall comply with the provisions of the lease, and if Borrower acquires fee title to the Property, the lease sold and
<br />fee title shall not merge unless Lender agrees to the merger in writing.
<br />7. Protection of Lender's Rights in the Property; Mortgage Insurance. If Borrower fails to ptrform 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 />regulations), then Lender may do and pay for whatever is necessar✓ iv protect the value of the Property and Lender's rights
<br />in the Property. Lender's actions may include paying any sums ��o ured by a lien which has priority over this Security
<br />Instrument, appearing in court, paying reasonable attorneys fees ar d entering on the Property to make repairs. Although
<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 ppf Borrowct -sec Bred by this
<br />Security Instrument. Unless Borrower and Lender agree to other terms of payment, these amounts shall bear in: -rest from
<br />the date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower
<br />requesting payment.
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