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<br />. 90.104870 ,
<br />UNIFORM COVBNAN IM. Borrower and -Lender covenant and agree as follows
<br />Payeeat of,Priaeipal abd LatereW Prepaymeat and Late tL'WwM. Borrower shall promptlypay when due
<br />,tote principal of and interest on thedebt evidenced by the Note and any prepayment and late charges due under the Note:
<br />2, FendsforTaxesandtaswance. Subjecttoapplicab, IetawortoawrittenwaiirerbyLender ;Borrowershallpay
<br />to Lender on the day monthlypaymentsare due under the Note, until the Note is paid in full, a sum ( "Funds,) equal to
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<br />- leasehold- payments -or ground rents on the Properly. if any, (c) yearly hazard insurance prenuurns; and (d) yeady
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<br />moopge insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the
<br />bail ofcwmt data and reasonable estimiites of future escrow items. :
<br />The Funds shall beheld in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br />statt:,aSmicy (including Lender if.Lender is such an institution). )ender shall apply the Funds- to pay the esciaw items.
<br />Lander nay not charge for holding and applying the funds, analyzing the account or verifying the escrow items, unless
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and.
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<br />%,ender may -agree to writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br />- -r . - - requites interest to be paid, Lender shall not be required to pay Borrower any interest or eamings on the Funds. Lender
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<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to tbe"f unds and the
<br />i t purpose for which each debit to the Funds was made. The Funds are pledged as additional security for tlie 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 exceed the amount required to pay the escrow items when due, the excess shall be,
<br />i ai t Borrower's option: either promptly repaid to Borrower or credited to BorrowCron' onthly payments of Funds. if the
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<br />amount of the Funds held.by. Lender is not sufficient to pay the escrow items when due, Borrower shall pay to. Lender any
<br />amount necessary to make up 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 />j any Funds brio by iertder. If render paragraph .19 the Property is sold or acquired by Lender, Lender shall apply. no later
<br />t than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />1 3. Appilatioe of Payment, Unless applicable law provides otherwise, all payment's received by Lender under
<br />paragraphs I and 2 shall be applied: first, to late 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 due.
<br />4. Charsm -Lim. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br />3 Property which may attain priority, over this Security Instrument, and leasehold payments or ground rents, if any.
<br />Borrower shall pay these obligations in the manner provided in paragraph 2, or if not paid in that manner, Borrower shall
<br />pay them on time directly to the person owed payment. Borrower shall promptly furnish 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)
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<br />agrees 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, legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeiture of an
<br />1 P y part of the Property; or (c.) secures from the holder of the lien an
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<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 />4 notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br />I of the giving ofnotice.
<br />S. Hazard Insurance. 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
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<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 lender requires, Borrower shall promptly give to Lender -
<br />all receipts of paid premiums and renewal notices. In the event of lass, Harrower shall Rive prompt notice to the insurance
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<br />carrier and Lender. Lender may make proof of loss if not spade promptly by Borrower.
<br />Unless Lender and Borrower in
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<br />otherwise agree writing, insurance proceeds shall he 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 />i 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 />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 application of proceeds to principal shall not extend or
<br />postpone the due 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 acquired by Lender. BurrowWs. right to any insurance policies and proceeds resulting
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extent of the bums secured by this Security
<br />instrument immediately prior to the acquisition.
<br />6. Preservation and Maintenance of Property; Leaseholds. Borrower 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 lca%chold.
<br />Borrower shall comply with the previsions of the tease, and if Horroiver acyutres fee title to the Proncrty- the le.w ehom and
<br />fee title shall not merge unless Lender agrees to the merger in writing.
<br />7. Protection of Lender's Rights in the Property; Mortgage insurance. If Iorrower fails to perform the
<br />covenants andaKteentetttsco.ttained.in this Secarr[ti lnstnafllettt !ear t_h ere :sal ^! l?ru:IsRg ittst may lags: :f'st:;ntty;rtfcct
<br />Lender`s rights iii l' i'rrrlrerty. (such ac a proceeding in bankroptcy. l+robat.e, for condemnation or to enforce laws( r
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<br />regulations). then Lender may doand pay for whatever is ueec%sary til protect the :alur otif the Noperty aml Lender's rights
<br />in the Property. Lentter'c
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<br />actions may include p,rying any sums secured by a 11,11 shush has l'.r►6rin over this Security
<br />Instrument. appearing in court, paying reasonable attorneys' fco and entering uo the Prope,tt to hake retlalrs Althr; ugh
<br />Lender may take action under this paragraph 7. Cender does not hm c to do sea,
<br />Any amounts disbursed by Lender under this paragraph 7 shill hecon,c add,tton:al debt of It(,rrim c r wk urea by 11) ,s
<br />Security instrument. Unless Borrower and Lender agree to other terms of pay nlenr, 111r•c ann.wlls shall hear Enterest from
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<br />the date of disburscnicnt.at the Note tate and %hail be la�yat,le, cs,th uurrr_,t, ;alt,,:,. ,a ,rite itE•,rr t n ;lcr ,:, R: +rt <,�.cr
<br />requesting payment.
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