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UMMMCOVENAMM', DonvwawoLen&rwvamt&WWftasfollows: 90--104838
<br />L ftl-- of ftwo area INOW11114; W"KMW am Uft OWIM - Boffower shall promptly pay when due
<br />ind efudintereston thedebtevidweed by the Noteand any prepayment and late charges due under the Note:
<br />piay
<br />-1. FmilahrTaxasodinewsom SubJecttooppikabL-Iawgrtoawiittei waiverbyLeWer,"Owwshafl
<br />to T an the day mmddv mvnient, am due undeiifie Wme- until the Note jermid in it in enm d"Fintile"k M�Mml to
<br />oakweft oft (a). yearly taxes NO assessments which may attain priority ovet this -Security Instrumpt; (b) yearly
<br />lessehold payments or ground rents on the Property, if any, (c) yearly hazard insurance premiums; and (d) yearly
<br />aw%W &=rban premiums„ if any. These item are called "escrow items," Lender may estimate the Funds due on the
<br />bask ofcarrmst data md reasonsl* estimates offisture escrow items.
<br />The Funds sball be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br />--a* agony (mehadft i taller if LaKW is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Lmlkr may va.—
<br />for holding and applying the Funds, analyzing the account or verifying the escrow items. unless
<br />I ender pays Borrower interest an the Funds anal applicable law permits Lgrider'to make such a cbwgc 136trower and
<br />Lender my agmin writing that'Werest shall be paid on the Fund& Unless an agreement is mum or applicable law
<br />ttrgairrs interest to be paid, Lender shall not be required to pay Borrower any interest or earnings an the Funds. Lender
<br />— shag yveto Bon tamer, without charge, an annual accounting of the Funds showing credits and debits to the Funds acrd the
<br />pttrpoae for which each debit to the Funds was made The Funds are pledged as additional security for the sums secured by
<br />Uthe amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to
<br />the due dam of the escrow items, shall exceed the amount required to pay the escrow items when due. the excess shall be.
<br />at Borrower's option, tither promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />anaint of the Funds held by Lender is not sufficient to pay the escrow items when due, Borrower shall pay to Lender any
<br />=wiint necessary to makeup the deficiency in one or'more payments as 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.-Ifunder paragraph 19 the Property is sold of acquired by Lender. Lender shall apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by Leader at the time of
<br />application SS& Credit against the sums secured by this Security Instrument.
<br />3. Aplilicailm of Pilynents. _ Unless applicable law provides otherwise. all payments received by Lender under
<br />pahignipbs I and 2 shall be applied: first, to laic charges due under the Note, second, to prepayment charges due under the
<br />Note; third. to amounts payable under paragraph 2. fourth. to interest due. and last, to principal dA
<br />A C1 go Lllen& Borrower shall pay all - taxes, assessments. charges, fines and impositions attributable to the
<br />Property which may attain prioriiy.over this Security Instrument. and leasehold payments or ground rents, if any.
<br />Borrower sW) pay thew obligations in the manner 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 furnish to Lender all notices of amounts
<br />to be paid 4ndef 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 Borro%icr: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in goc4
<br />faith the Hen by. or defends against enforcement of the lien in, legal 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) see -.rcs from the hoider 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 id6itifyinj 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 />3. Hazard Inorwee. . Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards•included within the term "extended coverage" and any other hazards for which Lender
<br />requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The
<br />insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be
<br />Unfemonably,withheld.
<br />All insurince 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 Lender requires. Borrower shall promptly give to Lender
<br />all receipts of paid premiums and renewal notices. In the event of loss. Borrower shall give prompt notice to the insurance
<br />carrier and Lender. Lender may make proofof loss if not made promptly by Borrower.
<br />Unless Lenderand Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair
<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 />applied to 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 to settle a claim. then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore
<br />& Property or to pay sums secured by this Security Instrument, whether or not then due. The 3"ay period will begin
<br />when the notice is given. I
<br />Unless lender and Borrower otherwise agree in w fit i ng. any a pplica t ton of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and .2 or change the amount of the payments. If
<br />under paragraph 19 the Property is acquired by Lender. Borrower's nght to any insurance policies and proceeds resulting
<br />from damage to the Property prior to the acquisition shall pass to Lender io the extent of the sums secured by this Security
<br />instrument immediately prior to the acquisition.
<br />6. Prewwatkm and hfdnteunceot Property; Leastholds. Horroweir 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. mid if Ikitrower acuunes fee title to the Pfaverty. the leamhold and
<br />ice title 0211 not merge unless Lender agrees to the merger in writing.
<br />T. Protection of Lender's Rights in the Property: Mortgage Insurance. If Borrower falls to perform the
<br />covenants and agreements contained in this Security Instrument, ortheteis -a legal proceeding that may significantly affect
<br />Lender's fights in the Property (such as a ptmeeding in bankruptcy, probate. for condemnation or to enforce laws or
<br />regulations), then Lender may do and pay for whale,- el % necessary to protect the . alue of the Property and Lender's rights
<br />An The Property. Lender's actions may include paying aliy sums secured b% 3 lien which has priority mer this Security
<br />Instrument, appearing in court, paying seasonable attomel ' s'fees and entering on, the Property to make repairs Although
<br />Lender may take actin; under this paragraph 7Acriderdflesnot haw tudosi,
<br />Any amounts disbursed k% Lender under this paragraph 7 shall bftftnze add - ,time den of W-rtw-ter crc ured by this
<br />Security Instrument Unless Borrower and tender agree to other term% jif jv:j flicr; t. lfj,sc iln,, u f N.-ar interest from
<br />tit: date.of disbarscmcnt at the. Note iaic and shall he. petiahlA, with iwett-%t, tipmi nor,�ehom tender to Wrroaer
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