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<br />90-- • 105`028
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<br />UNIFORM CFOVENANTS. Berrower and Lender covenant and agree as follows:
<br />payttteIdolprinelPNaniettnNnshprepayni ntand4NChagps; Borrowershall promptly pay when duethe
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<br />principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
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<br />'pw�dsterTaileattditwurattce. Subjecttoapplicablelawortoawrii ten` walverbytender.Borrowershalipay
<br />_ nder on rnonthty_pa�cmeats are due under the Note, until the Note is paid in full. a sum (" Funds") squat to
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<br />one- twelfth of; (a) yearly taxes and assessments which Tracy attain priority over tn►s security Instrument to} yeany
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<br />4=0x" payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortgageinsurancepremiunis, if any. These items are called "escrow items ". Lender may estimate the Funds due on the
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<br />basis of current data and reasonable estimates of future escrow items,.
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<br />trhetFundsshagbeheldinat► institutionthedepositsataccountsotwhich. areinsuredorguaran teed bya 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 tor. - holding and applying the Funds, analyzing the account or verifying the escrow items, unless
<br />Lender pays Borrower interest on the Funds and applicable taw permits Lender to make such a charge. Borrower and
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<br />Lender may agree in writing that interest shall be paid on the Funds. Unless an agreement is made or, applicable law
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<br />requires interest to be paid. Lender shall not be`required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall giveto Borrower. without charge. An annual accounting ofthe Fundsshowing creditsand debits to the Fundsand the
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<br />purpbse for which each debit to the Funds was made. The Funds are.ptedged as additional security for the sums secured
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<br />by the Security instrument
<br />if the amount of the Funds held by Lender, togetherwith the future monthly payments of Funds payable priorto the
<br />duedatesof the escrow items, shall exceed the amount required to pay the escrow itemswhen due. theexcess shall be, at
<br />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 sufficient to pay the escrow items when due. Borrower shall pay to Lenderany
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<br />amount necessary to make up the deficiency in one or more payments as required by Lender,
<br />Upon payment in full of all sumssecured by this Security Instrument, Lender shall promptly refund to Borrowerany
<br />Funds held by Lender. If under paragraph 19 the Property is sold oracquired by Lender. Lendershall apply, no later than
<br />immediately prior to the sate of the Property or its acquisition by Lender, any Funds held by Lender at the time of
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<br />application as a credit against the sums secured by this Security Instrument.
<br />3, Applkation of Psyments. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs 1 and 2 shall be applied: first, to late charges due under the Note. second, to prepayment charges due under
<br />the Note; third, to amounts payable under paragraph 2. fourth, to interest due. and last, to principal due.
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<br />4. Charges; Lfens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
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<br />Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any_
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<br />fBorrower
<br />shall pay these obligations in the manner provided in paragraph 2, or if not paid in that manner, Borrower shall
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<br />paythem on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amountsto
<br />be paid under this paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish to Lender
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<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 payment of the obligation secured by the lien in a manner acceptable to Lender., (b) contests in
<br />good faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion
<br />operate to prevent the enforcement of the lien orforfeiture of any part of the Property; or (c) secures from the holder of the
<br />Henan agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any
<br />partof the Property is subjecttoa lienwhich may attain priority over this Security Instrument, Lender may give Borrowera
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days of
<br />the giving of notice.
<br />S. Hazard insurance. 'Borrower shall keep the improvements now existing or hereafter erected on the Property
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<br />insured against loss by fire, hazards included within the term "extended coverage" and any other hazards for which
<br />Lender requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires.
<br />The insurance carrier providing the insurance shall bechosen by Borrower subject to Lender's approval which shall not be
<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 requ i res. Borrower shall prom ptly g ive to Lender all
<br />receipts of paid premiums and renewal notices. In the event of loss. Borrower shall give prompt nonce to the insurance
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<br />carrier and Lender. Lender may make proof of loss if not made promptly by Borrower.
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<br />UntessLender and Borrower otherwise agree in writing. insurance proceeds shall be applied to restoration or repair
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<br />of the Property damaged, if the restoration or repair is economically feasible and Lender's security is not lessened. If the
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<br />restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceedsshall be
<br />applied to the sums secured by this Security Instrument. whether or not then due. with any excess paid to Borrower. If
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<br />Borrower abandons the Property. or does not answer within 30 days a nonce from Lender that the insurance carrier has
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<br />offeredtosettle a claim, then Lender maycollect 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 referied to in paragraphs 1 and 2 or change the amount of the payments. If
<br />under paragraph 19 the Property is acquired by lender.• Borrower's right to any insurance policies and proceeds resulting
<br />from damageto the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security
<br />Instrument•immediatety prior to the acquisition.
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<br />6. Preservation and Maintenance of Property; Lessteholds. Borrower shall not destroy. or damage or subsian-
<br />I •sally Change the Property, allow the Property to deteriorate or commit waste- If this Security Instrument rs on a teasehold.
<br />Ir wef shall comply with the provisions of the lease, and if Borrower acquires fee tale to the Property, the leasehold and
<br />iTi►i'75i fall 7iUt to tt "fH'iit3 ;�t'it- iit••i`K�iri�._ ___- _._... -_... _.. __ - _ ._ - -_._. _ .__ . _.__ ___ _. .__. . _ _.._.__._
<br />7. Protection ofLender' s Rights in the Property- . Mortgage Insurance. ifaorruwerfalislurerfo ► oft ibleCorenants
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<br />andagreementscontained in this Security Instrument, or there is a legal proceeding that may significantly affect Lender's
<br />rights in 1heProperty (such asa proceeding rn bankruptcy, probate: for candemnatior► or to enforce laws or regulations).
<br />then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights to the
<br />Property Lender's actions may include paying any sums secured by is lien whicrT has priority over this Security
<br />Instrument.appeanng incourt. paying reasonable atlomeys fees and entering on the Property to make repairs Althougt. ,
<br />Lender may take action under this paragraph 7. Lender does not have to do so
<br />Anyamountsdrsbursed by Lender under this paragraph 7 shall become addrlwnat Cloth ref harrower secured by this
<br />Security Instrument Unless Bor rower and Lender agiceto other terms ofpayment theseafnountSSniftlbE : lnntrrc from
<br />the dateof disbursement at the Note rate aril shall tie payable. with interest. Lipwi, from lender to Borrom
<br />'requestnd payment
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