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<br />89--:
<br />UNIFMM COVENANT'S. Borrowerand Lender covenant and agree as follows,
<br />I. Payaaent of Principal and Iaterest; Prepaymneat ad bate Carlin. 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, Farads torTaxes aced Iaauraaee. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum ( "Funds") equal to
<br />One-twelfth of (a) yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly
<br />leasehold payments or ground rents on the Property. if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortgage insurance premiums, if any. Thae items are called "escrow items." Lender may estimate the Funds due 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 guaranteed by a federal or
<br />state agency (including Lender if Leader is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Leander may not chuge for holding and applying the Funds, aaaly=$ the account or verifying the escrow items, unless
<br />liamfes pays Borrower interest on the Funds arm appiicxbk law permits Lender to make such a charge. Borrower and
<br />I ems may agree in writing that interest shall be park an the Funds. Unless an agreement is made or applicable law
<br />regteLm interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for whip each debit to the Funds was made. The Funds are pr adged as additional security for the sums secured by
<br />"security Instrument.
<br />,If the am=t of the Funds held by Lender. together with the future monthly payments of Funds lrayable prior to
<br />the due dates aMe escrow items, shill exsxeed the amount required to pay the escrow items when due, the excess shall be,
<br />at Borrower's opOan, either promptly rq*S to Borrower or credikasi to Borrower on monthly payments of Funds. Ifthe
<br />amount of the Funds held by Lender is 00t sufficient to pay the escitm items when due. So mtwer shall pay to Laider a:ny
<br />amount necew&Ty to make up the in one or more paymentsms required by L ecdler.
<br />Upon 33ayment in full of all sums secured by this Security Emtrument, Lender small promptly reC=d.to Be rower
<br />any Fun& held by Lender. If uts9tf pa-atgtaph 19 the Property is sold or acquired by Lender, Lendersba La piy,no later
<br />than,.tmediately prior to the sale of tha Property or its acquisit im by Lender, any Funds hdd by Lmder at t te tkme of
<br />application as a c7edit against :ibesums secured by this Security Ensr- „arnent_
<br />3. AnWicedon of Pays> eptL Unless applicable law pees otherwise, all paymema r< =veii: by E.emder c Mizr
<br />pargrap!:s I and 2 shall be applied: first, to laic charges dba. rev Ote Note; second, to prepa.mv=t' 11e =-der the
<br />Note; tl' k4 to a- notints payable under paragraph 2, 1`m , tea, ion t due, and last, to prindpa due
<br />d. tt'Mwom Liens. Borrower shall pay all tar rA assents, charges, lines and ixapoktions a'rixibutaKe (Yi, the
<br />Property which may attain priority-over &3 Security Instrument, and leasehold payments or ground rents, if any.
<br />Borrower shall pay these obligations m the [Wanner provided in paragraph 2, or if not paid in that manner, Borrower shall
<br />pay than on time directly to the person owed payment. Borrower shall promptly fumish to Lender all notices of amounts
<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 />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 Lender, (b) contests in good
<br />faith the lien by, or defends against enforcement of the lien in, k W proceedings 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 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, Lender may give Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions sat: forth above within. 10 days
<br />of the giving of errAce.
<br />S. Ha=rd Iawtrum. Borrower Mull keep the improvements now existing or hereafter erected on the Property
<br />inuired against boss by fire, haurds included within the term "extended coverage” and any other hazards far which Lender
<br />requires insurvzove. This insurance shall he maintained in the amounts and for the periods that Lender requires. The
<br />insurance canner providing the insurance shall be chosen by Bctrmwer subject to Lender's app -naval which shall cult; be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be acceptable to Lender and shall, include a standard mortgage clause.
<br />Lender shall have the right to hold the policies and renewals. If Leader requires, Borrower shall promptly give to Levi,'=
<br />all receipts of paid premiums and renewal notices. In the event of ltx*� Borrower shall -give prrm.pt notice to the ins=: -):. r
<br />carrier and Lender. Lender may make pn3afof loss if not made promptly by Borrower.
<br />Unless Leader and Borrower otherwise agree in writing, insurance proceeds shall be a ppLed to restoration or repair
<br />of the Property damaged, if the raixcmd'or: or repair is erzinomic Wly feasible and Lender's security is rest. lessened. If the
<br />restoration or repair is not =or,,: miriWy fusible or Lenders security would be lessened, the insurance .prxeeds s1:a3! be
<br />applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. Ef
<br />Borrower abandons the Property, or dots not answer within 30 days a notice from Lender Out the insurance carrier has
<br />offered to settle a claim. then Lender mays c ollect the insurance proceeds. Lender may use the proceeds to repair or rw.:� re
<br />the Property or to pay sums secured by this Security Instrument, whether or not then due. The 304ay period will began
<br />when the notice is given.
<br />Unless Lender and Borrower other wi a agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the dire date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments. If
<br />under paragraph 19 the Property is acquitted by Lender. Borrower's right to any insurance policies and proceeds resulting
<br />from damage to the Property prior to the acquisition shall pass to Lender to t he extent of the sums secured by this Security
<br />instrument immediately prior to the acquisition,
<br />6. Preservation and Maintenanct otProp",- L imeholds. Borrower shall not destroy, damage or substand.3ily
<br />change the Property, allow the Property to deteriorate or commit waste. If this Security Instrument is on a leasehcdd-,
<br />Borrower shall comply with the provisions of the lease, and if Borrower acquires fee title to the Property, the leasehold and
<br />fee title shall not merge unless Lender agrots to the merger in writing.
<br />7. Protection of Lehr Rights is the Property; Mortpge Insurance. if Borrower faits . to perform the
<br />ca.vEmmis raid agreements contained in this Security Instrument, or there is a legal proceeding that may stgn.ficantly affect
<br />Lender's rights in the Property (such as a proceeding in bankruptcy, probaie. for condemnation or to enforce laws or
<br />regulations), then Lender may do arid; dray far whatever is necessary to protect the value of the Property and Lender's rights
<br />in the Property. Lender's azitons may; include paying any sums secured by a lien which has priority over this Security
<br />Instrument, appearing in court, plying reasonable attorneys' fees and entering on the Property to matte 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 of Borrower secured by this
<br />Security Instrument. Unless Borrower and Lender agree to other terms of payment. these amounts shall bear interest from
<br />the date of disbursement at the !dote rate and shalt he payablr. with interest, upoii notice from Lender to Borrower
<br />requesting payment
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