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<br />UNIFORM COVENANTS Borrower and Lender covenant and agree avti follows;
<br />1. Psytneitt of Principal and Interest. Prepayment glad Late Charges. Wwrower shall prox -Ardy pay ahfn der.
<br />the principal ofand interest on the debt evidenced by the Note and.any prepayment and titechatrgesdae. undrrtht Nutt-
<br />L Furth for Taxes aid insurance. Subject to applicable law or to a written waiver by Lender,. Barraweir shall gray
<br />to Lender on the day monthly payments are date under the Note. until the Not: is paid in full, a sum ( "FssnV')e %%%alto
<br />one - twelfth of (a) yearly taxes and assessments which may attain priority over this Security Instrutment; (b) ITA11 Y
<br />leasehold payments or ground rents on the Property, if arty; (c) yearly hazard insurance premiums; and (d) :,wtrti
<br />mottpge insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funft dur on the
<br />basis of current 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 guatartuet by; a fidersl or
<br />state gpwy (including lender if Lender is such an institution). Lender shall appity tt`.- Fords to gam; the escrow items.
<br />Linder may not charge for holding and applying the Funds, analyzing the account os vedf$ ng ti!rt esctcts► items, unias
<br />Leader pays Borrower interest on the Funds and applicable taw permits Lender to mAt stwb a c`imle. Borrower and
<br />Lender may agree in writing that interest shall be paid on the Funds. Unless an agreett nl isi. mide or applicable law
<br />requires interest to be paid, Lender shall not be required to pay Borrower any cnt.rest or.earnings on the Funds. Lender
<br />"give to Borrower. without d=ge, an annual accounting o€the Funds shov6ing credits and debits to the Funds and the
<br />purpose for which each debit to th eFunds was made. The Funds are pWIed security for the sums secured by
<br />this Security Instrut .L
<br />If the arrow, of ai Funds held by Lender, togetl -r with the ft jute rionthiy payments el Funds payable prior to
<br />the due dates of the ewcm items.-shall exceed the amount required to pay the esetow items when due, the excess shall be,
<br />at Borrow-,Ws option. either premp&y repaid to Borrower or credited to Borrower on impnthly payments of Funds. if the
<br />amount of the Funds held by Lemht -is not sufficient to pay the escrow item-, wtra du_rz. :86i•rewer shall pay to Lender any
<br />amount necessary to makeup the deficiency in cri: Cyr more payments as
<br />Upon payment in full of all sums sea mif by this Security Instrv!r4r,.�,. Le:rd., ilnj toriumptly refund to Borrower
<br />any Funds held by Lender. If uudarr paragraph 19 t? . Property is sold os ar:g0ted b �- _ Fietider shall apply, no later
<br />than immediately prior to the saW- of the Property or its a,:riuisition by Lender, atrxl F mds -held by Lender at the time of
<br />application as a credit against the itmts secured by th-s Security Instrument.
<br />3. Appliatfon of Payta mb. UtLss apphcaMe law provides otherwise. a.t payments received by Lender under
<br />paragraphs 1 and 2 shall be applied: first, to lags charges due under the Note: second. to prepayment charges due under the
<br />Note; third, to amcu ss payable t =4er paragraph 2. Raurth, to interest due; and last, to principal due.
<br />4. C6srps; Liiew. licr t :r $hall pay all taxes, assessments. charges, fiom - -and impositions attributable to the
<br />Property which may attain ptiisxity, this Security Instrument, and lemlic ri payments or ground tents, if any.
<br />Borrower shall pay these obliguiars irt, ft,- tr,v.mer provided in paragraph 2, or if,not paid in that manner. Borrower shall
<br />pay them on time directly to two O&ia, 4wef payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph. Lf Borrower Hakes these payments directly, Borrower shall promptly furnish to Lender
<br />receipts evidencing the payment%
<br />Borrower shall promptly d.mharge 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 Lender; (b) contests in goad
<br />faith the lien by, or ded;mds a#asc enforcement of the lien in, legal proceedings which in the Lender's opinion operate to
<br />prevent the enfor: esni:,mt of 0.1-.: fir.: or far feiture of arty pan of the Property; or (c) secures from the holder ofthe lien an
<br />agreement satisfactory to Lender srAort'..;rrating the lien to this Security Instrument. If Lender determines that any part of
<br />the Property is subject to a hen which. may attain priority over this Security Iniananent, Lender may gimr Borrower a
<br />notice identifying the tier.. Wi rower shall. satisfy the lien or take one or mare of ti; :.arttons set forth above sa-Ahin 10 days
<br />of the giving of notice.
<br />S. Hazard Isattrstce. Borrower shall keep the improvemerim row existing or hereafter cm:1 ad on the Property
<br />insured against loos by fir..e. hrraar-.s titcIuded within the term "extended coverage" z-a-d any other hazards far mbich Lender
<br />requirm.instum rice. This insiar.3nce shall be maintained in the amounts and far -ke periods that Lende- ;uires. The
<br />insurance carrier pre.-widing the insurance shall be chosen by Borrower sibiect z) L rider's approval which shall not be
<br />unreasonably wit.Mhcl+t.
<br />All insurance poltoes and renewals shall be acceptable to Ler,�w tna shall include a standard mortgage clause.
<br />Lender shalt have I.1te right to hold the policies and renewals. If Lender requires. Bu; rower shall promptly glair to Lender.
<br />all receipts of paid premiums and renewal notices. In the event of loss. Borrower sha'A give prompt notice to ilia: insurance
<br />carrier vac Lender. Lender may make proof of loss if not made promptly by Borrower.
<br />Utaess Lender and Borrow erotherwise agree in writing, insurance proceeds shall be applied to restoration or repmr
<br />of the Property damajix2, if the restoratior or repair is economically feasible and Lender's security is not lessened. If the
<br />restoration or repair is trot economically feasible or Lender's security would be lessened, the insurance proceeds shall be
<br />applied to 1he sums :secured by this Security Instrument, whether or not then due, with any excess paid to Wrtrower. if
<br />Borrower abandons the Propene,. or does not answer within 30 days a ttcitiee from Lender that the insurance carrier has
<br />ofrered to setak a clum.. then Lender may w)lect the insurance procecdi, Lender may use the proceeds to repair or restore
<br />the Property cr to lsxu sums secured by this Security histrument, whe der or not then due. The 30•day "od will begin
<br />when the notice is given.
<br />unless Lender and Borrnkt=s otherwise agree in writing, any application of p:zi -Yz:eds to principal shall teat extend or
<br />postpone the due date of the monthly payments referred to iii paragraphs 1 and 2 or c hinge the amount of the payments. If
<br />under psrsgraph 19 the Property is'acquired by Lender, Borrower's rt&.t to any insurance poizcies and proceeds resulting
<br />from damage to the Property prior to the acquisi Lion shall pass to Leader to the extent of the sums secured by this Security
<br />Instrument immediately prior to the acquisition.
<br />6. Preaerration and MatntAmance of Properly; Leaseholds. Borrower shall rent destroy. damage or substantially
<br />change the Property. allow the 1'tictperty 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 acquirer, fee title to the Property, the leasehold area
<br />fee title shall not merge unless Lendet agrees to the merger in writing.
<br />7. Protectim of Lender's Rights in the Property; Mortgage Insurance. If Borrower fails to perform the
<br />covenants and agreements contained in this Security Instrument, or there is a legal rfoceedmg that may significantly affect
<br />Lenders rights in the Property (.such as a proceeding in bankruptcy. probate, for condenination or to enforce laws or
<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 the Property. Lender's actions may include paying any sums secured by a hen which ham. priority over this Security
<br />Instrument, appearing in court. paying reasonable attomeys' fees and entering am the Property to make repairs Although
<br />Lender may take action under this Paragraph 7, Lender does not have to do w
<br />Any amounts disbursed by lAnder under this paragraph 7 shall become addii tonal debt of Borrower secured by chic
<br />Security instrument i In less Burrower and 1. ender agree to ether terms t of pay rnent. these amourtc es
<br />shall bear intert from
<br />the date of disbursement at the %. ote rate ir:d ,halt be pavahie. %ith interest, upon mitlee from Lender it, 11 -fr ewer
<br />requnsung paymer►r
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