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I 0;7 - 102532 RoMfimn s -a an UNIFORM COVENANTS Borrower and gender covenant and agree as follows: 1. Paymeat of pdwlpd and Iatereah IMMIksyment and Late Cliarges. Borrower shall promptly pal4 -wht n due the principal of and interest on the debt evidenced by the Note and any prepayment and hue charges due under the Note. 2. Funds for Taxes and insurance, Subject to applicable law or to a written waiver by Lender. Borrower shall pay to Lender on the day monthly payments are due tinder the Note, until the Note is paid in full, a sum ("Funds-) equal to ~Werth of (a) )ady taxes and assessments which may action priority over this Security Instrument; tb) yearly leasehold payments or ground rents on the Ptgvfty, if any; (c) yearly hazard insurance premiums; and (d) yearly mortgage insurance premiums, if any. These items are called "escrow items." Lender may estimate the funds due on the., basis ofcurrent data and reasonable estimates of future escrow items. The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or state agency (including Lender if !.ender is such an institution). Lender shr.11 apply the Funds to pay the escrow items. Lender may not charge for holding and applying the Funds, anslynng the account or verifying the escrow items. unless Lender Pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Forrower and Lender may agree in writing that interest shall be paid on the Funds. Unless. an agreement is made or applicable law requires interest to be Paid. Lender shall not be required to pity Borrower any interest or earnings on the Funds. Leader shall ,give to Borrower, without charge. an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by this Security Instrument. If the amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to the due dash of the escrow item shall exceed the amount required to pay the escrow items when due. the excess shall be, at Borrower's option, either promptly repaid to Borrower or credited to Harrower on monthly payments of Funds. If the amount of the Funds held by Lewla is not sufficient to pay theescrow items when due. Borrower shaH:pay to Lender any amount necessary to make up thedeWeitcy in one or more payments as required by Lender. UYpcm, payment in full of a1L wins secured by this Security instrument. Lender shall promptly refund to Borrower any Ftrttdw held by Lender. If unbar P*ragmph 19 the Property is sold or acquired by Lender, Lender shall apply. no later than immediately prism to the -sale of the PM"y or its acquisition by Lender. any Funds held by Lender at the time of application as a credie gtainst the sums secured by this Security instrument. & Appliead io df' Psy mats. Unless applicable law provides otherwise. all payments received by Lender under paragraois 1 and 2 shall be applied: flirt, to late charges due under the Noia; second, to prepayment charges due under the Note; third, to amounts payable under paragraph 2. fourth. to interest due; and last, to principal due. 9. Char11es; Liam. Borrower shall pay all taxes, assessments. ckxges, fines and impositions attributable to the Property which may attain priority over this Security instrument, and leasehold payments or ground rents, if any. Borrower shall pay these obligations in the manner provided in paragraph 2. or if not paid in that manner. Borrower shall Pay them an time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts to be paid tinder this paragraph. if Borrower makes these pog -ments directly. Borrower shall promptly furnish to Leader receipts evidencing the payments. Borrower shall promptly discharge any lien which has priority aver this Security instrument unless Borrower: (a) agrees in wt 1ths tb Me payment of the Migation secured-by the lien ir! a manner acceptable to Lender, (b) contests in good faith the lien by. or defends against enforcement of the lien in. legal proceedings which in the Lender's opinion operate to prevent the enforcement of the lien or forfeiture of any pan of the Property; or (c) sm=vs from the bolder of trw 11.-n an agreement satisfactory to Lender sabordinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject to alien which may attain priority over this Security Instrument. Lender may give Borrower a notice identifying the lieu. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days of the givinS of notice f1, Hai MM Iraarsaee. larmwer shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire, hazards included within the term "extended coverage" and any other hazards for which Lender requires insurance. This insurance shall be maintained in the amounns and for the periods that Lcndcr requires. The insurance carrier proOding the insurance shall be chosen by Borrower subject to Lender's approval which shall not be unreasonably withbelkt All insurance policies and taeetewals shall be acceptable to Lender and shall include a standard mortgage clause. Lender shall have the right to holds the policies and renewals. If lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. In the event of loss. Borrower shall give prompt notice to the insurance carrier and Lander. lender may make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property damaged, if the restoration or repair is economically feasible and Lender's security is not lessened. It the restoration or repair is not econamk illy feasible or L'ender's security would he lessened. the insurance pr000eds shall be applied to the sums secured by this Security t:ttsreument, whether or not then due. with any excess paid to Borrower. If Borrower abandons the Property, or does not answer within 30 days a: iustice from Lender that tine insurance carrier has offend to settle a claim, then Lender may collect the insurance procee& tender may use the proceeds to repair or restore the Property or to pay sums secured by this Securtty Instrument, whether or not then due. The 30,day period will begin : when the notice is given. Unless Lender and Borrmrerertherwise ague in writing, any application of p.occeds to principal shall not extend or postpone the due date of the monthly payments referred to in paragrapbs.l and 2 or change the amndtunt of the payments. if under paragraph 19 the Property is acquired by- Lender. Borrower's ri lit to any insurance polk* irid proceeds resulting from darrrsge to the Property prior rd the acquisition shall pass to lender to the extent of the surtts secured by thi .Security Instrti4mt immediately prior to the acquisition. C Preurwxtim sad Main4mante of Property; l.easemuis. Borrower shall not destroy; damage or oubstantially change the Property, allow the Prajkm [rp deteriorate or commit waste. If this Security lnstM.Ment is on a..leasehold, . . Borrower shall comity with the provisions oftb� lease. and if Borrowei az4uires fee title to the P k poity, the leasehold and fee title shall not merge unless Lender agrees to the merger in writing. 7.. Proteetioa of 4ader°0 411a tts is the Property; Mortgage Insurance. If Borrower fails to perform the cavenaRttb and agreements contained in this Security Instrument, or there is a legal prtvieding that,, may significantly affect lender's rights in the Property (such as.a proceeding in bankruptcy, probate, for condemnatun_n or to enforce laws or regulations), then Lender may do and pay foi•whatever is necessary to protect the value of the Property and Lenders rights to the Property. lender's actions may include paying any sums secured by a lien which has prentty over this Security Instrument. appwring in court, pwyiatg reasonable attorneys' fees and enterng on the Property to make repairs Although Lender may take action under this paragraph 7. Lender don not have to do so Any amounts disbursed by lender under this paragraph 7 shall became additional debt of Borrower sec ured by this Security instrument Unless Borrower and Linder agree to other terms of payment, these amounts -.hall bear interest from the date of disbursement at the Note rate and shall he payable, with interest. uron notice from Lender ao horrovmr tectucatmg pyrrterrI 7 to f; J