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<br />102440
<br />UNIFORM COVENANTS Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due
<br />the principa! of and interest on the debt evidenced by the Note and an} prepayment and late charges due under the Note.
<br />2. Funds for Taxes and insurance. Subject to applicable taw or to a written wai►er 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 attains 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. These 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 cltall 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 Lender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unl6s
<br />Lender pays Borrower interest on the Funds and applicable taw permits Lender to make such a charge. Borrower and
<br />Lender may agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br />requires 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 which each debit to the Funds was made- The Funds are pledged as additional security for the sums secured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to
<br />the due dates of the escrow items. shall execed the amount required to pay the escrow items when due, the excess shall be,
<br />at Borrower's option, either promptly- p-psad to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />amount of the Funds held by Lender ,rtM sufficient to pay the escrow• items when due, Borrower shall pay to Lender any
<br />gaunt necessary to make up the deficii'ircy in one or more payments as required by Lender.,
<br />Upon payment in full of all sums secured by this Security Instrument, Lender sha!I promptly refund to Borrower
<br />any Funds held by Lender. If under pw. agraph 19 the Property is sold or acquired by Len-da. Lender shall apply, mcl later
<br />than immediately prior to the sale of the Property or its acquisition by Lender, any F:zn: s held by Lender at the time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />3. Applicatiaa of Fayments. Unless applicable taw provides otherwise, all payments received by Lender under
<br />paragraphs 1 apd 2 s� bo applied: first, to late charges due under the Note; second, to prepayment charges due under the
<br />Note; third, under paragraph 2; fourth, to ir., erest due: and last, to principal due.
<br />4. Gsr -r;zs ytssrt. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br />Property which may � - -zix . priority over this Security instr =nt. and l =sehold payments or ground rents, if any.
<br />&.rower shall pay then Nbligations in the manner provided in paragrap 4 2 . d not paid in that manner, Borrower shali
<br />pay them on time directly to the person owed payre.�na. Borrower shall prcT�s %y' furnish to Lender all notices of amounts
<br />to be paid under this paragraph. if Borrou -rr r .A:s these payments directly. Bc rroweT J `; '1 promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge an) he-w w;lizh has priority over this Security Instrument unless Borrow -er: ;a)
<br />aL. � in writing to the payment of the obligation ;a.i,red by the lien in a manner acceptable to Lender; (b) contests; n:gmd
<br />F4,tt -;.the lien by, or defends against enforcement a;' 0 lien in, legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of the lien or `zrrmture of any part of the Property; or (c) serum from the holder of the lien an
<br />agreement satisfactory to Lender subor4 n:c ir:2 the lien to this Str:urity instrument. If L --^J.r determines that and Tart of
<br />the Property is subject to a lien whir• mat, 'attain priority ov& is Security Instrumenx, Lender nzay give Borrower a
<br />nance identifying the tier, Borrower sln.a s cisfy the lien or take one or rr,.)re :u the actions set forth •aa_we within 10 days
<br />of-the giving of notice.
<br />S. Hazard Insurar shall keep the impro.;,ments now existing cr'r:knaftere:ected on the Property
<br />insured against loss by fire, within the term "exi •.�rded coverage" and ar,.i -ather hazards for whic� 4•ender
<br />.requires insurance. This i- �s�rM °i;e wail be maintained in th;, amounts and for the periods that Lender requires. The
<br />a-,: Durance carrier provid:rs the insurance shall be chosen by Borrower subject to Lender's appro,a'; which shall not he
<br />unreasonably withheld.
<br />All ins,= —:e policies and rep: -wals .%hall be acceptable to Lender and shall include a stanca-d mortgage clause.
<br />Lender shall baNe the rig4 t to. :'.a t policies and renewals. If i ruder requires, Borrower shall promptly give to Lender
<br />all receipts of paid prerrio'r~.yand - er.awal notices. In the event of loss.. Borrower shall give prompt rv.)i: v to the i wr ,,rance
<br />carrier and Lender. Lend w n a;, make proof of loss if not made promptly hji f a: grower.
<br />Unless Lender and ll-,rrower otherwise agree in writing, insurance be applied to restoration or repair
<br />of the Property damaged. of the restoration or repair is economics" r fir.•,s - 21.:•:-. er's security is not lessened. if the
<br />restoration or repair is not economically feasible or Lender's secariv nc..:`z' x lesse-eil, the insurance proceeds sha!1 �C
<br />applied to the sums securest by this Security Instrument, whether or not ti en due, with any excess paid to Borrower. if
<br />Borrower abandons the Property. or does not answer within 30 days. a nc tree: 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 />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 ap ;;? cation of procecv.v to principal % salt tr:a :; rend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1. amd 2 or change the ammiii ,l ! _ ; payments. If
<br />under paragraph 19 the Property is acquired by Lender, Borrower's right to .airy insurance policies aA-4 proceed% resulting
<br />from damage to the Property prior to the acquisition shall pass to Lender to tine extent of the sums sc.:urcd by thi%Security
<br />instrument immediately prior to the acquisition.
<br />6. Preservation and Maintenance of Property; Leaseholds. Borrower shall not rte %troy, da -gage or substantially
<br />change the Property. allow the Property- to deteriorate or commit waste. If this Security Instrument ii on a leasehold.
<br />Borrower shall comply with the provisions of the lease, and if Borrower acquire% fee title to the Property; the leasehold and
<br />fee title shall not merge unless Lender agrees to the merger in ,►riting.
<br />7. Protection of Under's Rights in the Property. MortiptRe insurance. if Bornmer fails to perfortn the
<br />covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may stgnificandi affect
<br />Lender's rights in the Property (such as a proceeding in bankruptcy. probate. for condemnation or to enforce taus or
<br />regulations), then Lender may do and pay for whatever is necessary ti- protect the slue of the Property and Lenders rights
<br />in the Property. Lender's actions rra: includc twymg any wnis secured by a nett w11IL ii 11,1% prioiity o %er this SrciuiN
<br />instrument, appearing 111 court, paying reasonable attorney: fees ant= entering on ilic Property to make repair% Although
<br />Lender may take action under thi%paragraph 7. Lender does not haw todou�
<br />Any amountsdi%h;aned by Lender Under this paragraph 7 sh,irlhecomeadditmoal dch,, of florrower•sccured try this
<br />Securtty Instrument Unlcs %Harrowcrand I ender agree togther terrrisof pa gmeet. thr,e apse urtash.tll't a *- intrn.r from
<br />the date of disbur,cmetit at the Not: tate and shall he pi%ahle. with interv%t. uP011 11011cr t- roc -A'_i t_r tv K', t,1wc1
<br />requesting paymen'.
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