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<br />108358
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<br />UNIFOfIM COVENANTS. Borrower and Lender covenant and agree as follows BlaG!(►Sry ►.)� Pe1�t :till
<br />1. Payment of Principal and interest; Prepayment and Later Charges. Borrower shat promptly pay when due the
<br />prh*W of and Interact on the debt evidenced by the Not* end any prepayment and tale chsrges due under the Note.
<br />2. Fuhde for Taxes and Insurance. Subject to applicable law ar to a written waiver by Lender. Borrower shall pay to Lender
<br />on the dry mot ft payments are due under the Note, until the Note is paid in full, a sum ( "Funds'j equal to one-twelfth at (a) yearly
<br />taxes and assessments which may attain priority over this Security instnrment; (b) yearly leasehold payments or ground rents on the
<br />Property. N turd; (c) yearly hazard insurance premiums: and (d) yearly mortgage insurance premiums, N any. The items are called "escrow
<br />Refits." Lender may estimate the Funds due on the basis of current data and reasonable estnstes of Outwe esaft Item
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or quaranteed by a federal or state agency
<br />(including Lender N Lender Is such an institution). Lender shah apply the Funds to pay the escrow Hems. Lender may not charge for hold-
<br />ing and applying the Funds, analyzing the account or verifying the escrow items. unless Lender pays Borrower interest on the Funds and
<br />applicable lava permits Lender to make such a charge. Borrower and Lender may agree in writing that interest shall be paid on the Funds.
<br />Unless an agreement Is made or applicable law requires interest to be paid, Lender shall not be required to pay Borrower any interest or
<br />earnings an the Fiends. Lender shah give to Borrower. without charge, an annual accounting of the Funds showing credits and debits to
<br />the Funds and the purpose for which each debit to the Funds was Horde: The Funds are pledged as additional security for the sums
<br />secured by this Security instrumen>}
<br />N the amount of the Funds held by Leader. together with the future monthly payments of Funds payable prior to the due dates of the
<br />esovw items, shaA exceed the amount required to pay the escrow items when due the excess shall be, at Borrower's option, either
<br />repaid to Borrower or credited to Borrower on monthly payments of Funds. If the amount of the Funds held by Lender is not
<br />4�arI to pay the. escrow Items when ftnower shag pay to Leti&r any amount necessary to make up the deficiency 4 :one or
<br />.►aF+f' pav�rtarrts ecr.uired by (larder
<br />i'lylrMt :irk full of elf s+i>; , i�,i .tie Se�ull)p @;sour shalii rompty refund to Bone rdt;} .'�i -r s 1. by
<br />w4r ht uriderip iipspti is r� t!��e�;4 4i .g+a'4f or ac�i!►i�i by Lersd� f� Wider sf all apply, no later than <mmem pri�ieDr iii�e sale
<br />of the Properlt}_.ar itivscqui�Rlon �1,-itexiir�.' :;ar;j�antls held by Lender 91' The time of application as rc credit against t".a sump, ±� by • 1
<br />this Security t0;,tsbra L
<br />3 APf1Ei�s n of Piswnrki m�l•ML +drdese appicable law provides who wise all payments resdz+ai•inr Lendrrirnder pareg+i�tia 1
<br />and•Zrdri iriaAWkd: first. Co,{ i6drerge~ a>re under the Note; secertd: ;to prepayment charges clfueusder,tra1R13►� thini..ttrrarrffunts
<br />P 'jd� uis hrr w ingraph 2: fo6n to fnterz^st :`stir, and last, to prindp4i"4661
<br />.0 iii es alens. Borrower sha11. ,�1iG'.ltsces. assescs}r2u( .rimes, fines and imps ilea .rdih�iufr�l k lei• tf'ipr t?ft t 'which
<br />trory'al�ast priority. Wirer this Security Instruriibrd:. aid-lostljal' peimwl,:�h-,Sround rents. it arty: "[3Yrrtrrwer shr l tfrese ololigriWS to
<br />the "mlier provided in paragraph 2, or if not paid M that irian=er, a!rtttrrg- hhiriFpay'tlirxn on time directly to lire person owed payment
<br />Borrower shelf promptly furnish to the Lender all notices of amounts to tbe,iriid under this paragraph. If Borrower makes these payments
<br />directly, Borrower shah promptly fumish to lender receipts evidencing the payments.
<br />Borrower shall promptly discharge any Ken which has priority over this Security instrument unless Borrower. (a) agrees in willing to the
<br />payment of the obligatlon secured by the lien in a manner acceptable to Lender. (b) contests In good fafth the Wen by, or defends against
<br />enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the enforcement of the Wen or forfeiture of
<br />any pan of the Property; or (c) secures from the holder of the Wen an agreement satisfactory to Lender subordinating the Wen to this Security
<br />Instrument. N Lender deterii-Aiea that any part of the Property Is subject to a Rein which may attain priority over this Security fnstnrmennt.
<br />Lender may give Borrower a notice Identifying the Ken. Borrower shall satisfy the Men or take one or more of the actions set forth above
<br />within 10 days of the giving of notice.
<br />S. Hazard insurance. Borrower shalt keep the improvements now existing or hereafter erected on the Property insu ed against
<br />loss by fire, hazards included within the tern "extended coverage" and any other hazards for which Lender requires insurance: This
<br />insurance shell be maintained M the amounts and for the periods that Lender requires. The Insurance carrier providing the insurance shah
<br />be chosen by Borrower subject to Lender's approval which shall re: be unreasonably withheld.
<br />AN insurance policies and rerxwais shat be acceptable to the Lentz _r and shall lncPjde a standard mortgage clause. Lender shaN have
<br />the right to hold the poldes and renewals. 11 Lender requires, Sor D wer shall prompl!ly give to Lender all receipts of paid premiums and
<br />renewal notices. to the event of toss. ecr.:wy r shall give prompt nc,,oA :i the insurance diner Lender. Lender may make proof of
<br />is :
<br />loss N not made promptly by Borrower,
<br />Unless Lender and Borrower otherwise *; ve in writing, insurance proceeds shag be applied to restoration or repair of the Property
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<br />damaged. N the restoration or repair Is eecromicaly feasible and Lender's security Is not lessened if the restoration or repair is not econ-
<br />omlcaly feasible er Lender's security would are lessened. the Insurance proceeds shall be applied to the sums secured by this Security
<br />Instrument, whelior. or not then due, with ash- excess paid to Borrower W Borrower abandons the P�i:perty, or does not ansovr within 30
<br />days a notice irm.r slender that iho Insurance carder has offered to settle a claim, then Lender may Wool the insurance proeea:x Lender
<br />may use the proceeds to repair cr, restore the Property or to pay sums secured by this Security Instrument, whether or not then due. The
<br />30-day period will begin when " notice is given.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shell not extend or postpone the due
<br />date of the monthly payments referred to in paragraph 1 and 2 or change,the amount of the paymerls. if under paragraph 19 the Property
<br />is acquired by Lender. Borrower's right to any insurance policies and proceeds resulting from damage to the Property prior to the acquis-
<br />iti7n shall pass to Lender to the extent of the sums by this Security Instrument Immediately prior to the acquisilian,
<br />6. Presetyatlon and Maintenance of Progeny; Leaseholds. Borrower shell not destroy, damega -or substantially change
<br />the Property, stow the Property to deteriorate' or c^,masit waste. 11 this Security instrument Is en & leesehold, Borrower shatLl cnrnply with
<br />the provisions of arise lease. and P. Sorrahrer T- a Tres fee title to the Property, the leasehold and fern f1t19 shall not merge un:ess •7-e Lender
<br />agrees to the me iW in writing.
<br />7. Protection of Lendar °s; AE9f'rts in the Property; Mortgage Insurance. If Borrower fails to perform 9�e covenants
<br />and agreements contained in this Security It ?niment, or there is a legal proceeding that may sigrr5tanty, affect the tender's r A in the
<br />Property (such w. a p►oceedrig to bankrA14 probate. for condemnallon or to enforce laws or regaWtions), then Lender may 0 and pay
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<br />for whatever is necessary to protect the value of the Property and Lender's rights in the Property. Lender's actions may include paying any
<br />suns secured by a Cyr Which has pdoriay over this Secutily irrslrumeol, appearing in court, paying reasonable eitomeys' fees and erritil"a
<br />on the Property to make repairs. Although Lender may take action under paragraph 7. Lender does not have to do so.
<br />Arty amounts dlsbunted by Lender under paragraph 7 shall become addit'onal debt of Borrower secured by this Security instrument.
<br />Unless Borrower and Lender agree to other terms of payment, these amounts shag bear interest from date of disbursement at the Note
<br />rate and shall be payable, upon notice from Lender to Borrower requesting payment.`t
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<br />F111" ri (07/CA) - ROM) l/re/111ah 71t --' -- �- -`
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