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UNIFORM CentlU4ti Ekurn► w •er arid I ender covenant and agree its fellows
<br />1. Pgmeat at I'rindpal and Interest: Prepaymrnt end late t'hargrs fli�rruwrr shall pntmptly pay when der
<br />the principal of and interest on the debt em, idcnccd b� the Nate and any prepay merit and laic charges due under the Notr
<br />2. Funds foie Taxes and Insurance. Subject Ito applicable law or it a% III tell water by 1 ender, Borrower shall pay
<br />to Lender on the day monthly payments are due under the vote, until the Note is paid in full, a sure ( "Funds ") equal to
<br />one - twelfth of (a) yearly tames and assessinents which may attain pnonty 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 />mortSage insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the
<br />baus 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 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, unless
<br />Lender pays Borrower interest on the Funds and applicable law 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 />"I 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 m%dc 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 cif 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 />at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. if the
<br />amount of the Funds, held by Lender is not sufficitnt to pay the escrow ►terns when due, Borrower shall pay to Lender any
<br />amount necessary to make up the deficiency in Vitt ear more payments as. required! by Lender.
<br />Upon payment in full of all sums secured by this Secunty Instrucweat, Lender shall promptly refund to Borrower
<br />any Fonds held by ta"imder. If under paragraph 19 the Property is sold or acquired bb R&—n ter, Lender shall apply, no later
<br />than immedtiattely prior to the sale of the Property or its acquisition by Lender, any Funds held by. Lender at the time of
<br />applieationas acredit against the sums secured by this Security Instrument.
<br />3. Aplpli¢a M cif Payasents. Unless applicable law provides otherwise. all payments received by Lender under
<br />paragraphs 1 acid 2 shall he applied: Am, to lace charges due under the Nore: srcc►nd, to pt'epayment charges due under the
<br />Note; third. to amounts payable under Jwagraph.2;, fra rth. to interest due; and last. to principal due.,
<br />g- CbwrW i -kits• Borrower shall pay all, Imes, assessments. charges, fines and impositions attributable to the
<br />Property which may attain priority over this Sft-unty 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 "I
<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)
<br />agrees in writing to the aavment of the ohli,atinn a...s....a t, -..t..
<br />—s --- . -.... — a suaaut m owun iabie to L,encler; (0) Contests in good
<br />faith the lien by. or defends against cufotvcment of the lien in, 10811 proceedings which in the Lsnder's opinion operate to
<br />ply- +v--n! the -enforcement aaf uric lice,, of fvffeaufe fn any part of the Prrrpet'ty; 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 set forth above within 10 days
<br />of the giving of notice.
<br />S. Hared iarwraaee. Borrower shall keep the Improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the tenn —extended coverage ' and any other hazards for which Lender
<br />insurance tamer pro ding he insurance s.Nau Iv chosen by Borrower subject
<br />to U der sdapproval hick harequires. ot be
<br />unreasonably withheld
<br />All insurance policies and renev-2h shall be acceptable to Lender and shall include a standard mortgage clause.
<br />Lander 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 -- tri the event of loss, Bormwer shall give prompt ntptice to the insurance
<br />carrier and ceder -. LeWer may make proof of ?m iP not made promptly by Borrower.
<br />Unless Lender'and Borrower otherwise agrt: in wnting, insurance proceeds shall be applied tai restoration or repair
<br />of the Property damaged. if the restore ;icr, or repair is economically f'easibte 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 Secunty Insrmvneni. whether or not tinen dui, with any excess Beard to Borrower. if
<br />Borrower abandons the - Property. or does not answer within 30 days a norece from Lender that the insurance carrier has
<br />al%red to settle a claim,, then Lender may collect ride insurance proceeds. Lender n;ay 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 grill begin
<br />when the notice is given.
<br />Unless Lender and 8orsawer otherwise agree in writing, any applicattan of proceeds to principal snail not extend or
<br />postpone the due date %'the monthly payrnents referred to in paragraphs 1 and 2 or change the amornre of the payments. If
<br />under paragraph 19 thr Property is acquired by Lender. Borrower's nght to any I nd proceeds resulting
<br />surance policies I
<br />from damage to the Priborty prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security
<br />Instrument immediately pnor to the acquisition.
<br />6- Pfewvatlmmd Maiateatace of Propergy; Leatebokb. Borrower shall not destroy. damage or sui tintraffy
<br />change the Property. ;0tow the Property to detmorate or commit waste. If this Security Instruttnr:nt is on a leasel��Frd ;.
<br />Borrower sha8 complg:(wth the provisions of the lease, and if Borrower acquires fee title to the Propsity, the icaseF�ctiD.arti:i',
<br />foe title shall not merge'uniess Lender agrees to the merger in venting.
<br />7. PrOtectim of Lender's Rights in the Property; Mortgage Insurance. If Borrower fails to perform the
<br />covenants and agreements contained to this Secunty instrument, or there is a legal proceeding that may significantly affect
<br />Lender's nghis In the Properly (such as a proceeding in bankruptcy. probate. for condemnation of to enforce laws or
<br />regulations), then Lender may doand pay for whaiever is necessary to protect the slue of the Property and Lender's rights
<br />M the Property Lender's actions may Include paying any sums secured ht a lien which has pnonty over this Secunty
<br />instrument. appearing in court, paying tea-,onahie attorney%' fees and entering on the Property to make repairs Although
<br />Rte•• Lender may take action under this paragraph 7. 1 ender does not have to do cc+
<br />Any atr►ouris disbursed by Lender under this paragraph 7 shall gnome additional dehi of Wrrower secured by this
<br />Security instrument ittile%A era nti I emier a'nrce try im her tC+i„i of fa�I,;cfl1. these amounts shall hear Interest from
<br />the date of dishursernvoi at the %file rdle and shall try r+as:i +le with Iriierr+1. upl +n ringer fr,„ti Lender m It+ +rri +wee
<br />requesting pity men(
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