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<br />UNIFORM COVENANTS Borrower and Lender covenant and agree as firllott s: �4: 102755
<br />I. Payment of Principal and InteMl; Prepayment and late Charges. Borrower shall promptly pay when due
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or to a written wait er by Lender. Borrower shall ply
<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 attain priority over this Security instrument; (b) yearly
<br />leasehold payments or ground rents on the Property, if any; (e) yearly hazard insurance premiums; and (d) yearly
<br />mortgage insurance premiums, if any. These items are called "escrow items." Lender may eslimate the Funds due on the
<br />basis of current data and reasonable estimates of future crtcrow 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 Fats. permits Lender to make such a charge. Borrower and
<br />Lender may agree in writing that interest shall be paid on the Ir'ixr,rs Unless an agreement is made or applicable law
<br />requires interest to be paid. Lender shall not be required to pay tea+ rrx;s ;i a r. interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Ftwils credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds, am C)icdgtlxf_ as additional security for the sums secured by
<br />this Security Instrument.
<br />If the amount of the Funds ite,'l by Lender. together with trhe Future monthly payments of Funds payable prior to
<br />the due dates of the escrow etceed the amount required to pay III,.- ewrow items when due, the excess shall be,
<br />at Borrower's option, either qm nrAp J v; repaid to Borrower or credited to Bortr wer on monthly payments of Funds. If the
<br />amount of the Funds held by 6 tnd;er ds n!Dt sufficient to pay the escrow items when due. Borrower shall pay to Lender any
<br />amount necessary to make up the de@tie:a, y in one or more payments as required by Lender.
<br />Upon payment in full of all Mimi by this Security; Instrument, Lender shall Promptly refund to Borrower
<br />any Funds held by Lender. If cinder paragraph 19 the Property is said or acquired by Lender. 7„ender shall apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by Lender atnj; Funds -held by Lender at the time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />3. Application of Payment& A Inless applicable law provides otherwise, all payte vats received by Lender under
<br />paragraphs 1 =W 2 shall be applied: facsk to late charges due uiider 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 />0. Charges; lens.' Borrower shall pay all taxes, assessments, charges, tastes and impositions attributable to the
<br />P'r'operty which may attain priority ewer this Security Instrument, and leas&told payments or ground rents, if any.
<br />Ranoiver shall pay these obligations 4n the manner provided in paragraph 2. or if not paid inihat manner. Borrower shall
<br />pat Item on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amo ants
<br />to'se pukl under this paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish to Lender
<br />rebtspis evidencing the paymnaxtss.
<br />Borrower shall prormpdy discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />free: i »writing iii :Ix Iai'Mcnt of the v`nligaiiun scoured by the iten crt a manner acceptable to tender, (b) contests in good
<br />faith the lien by. or defends against enforcement of the lien in, legat proceedings which in the Lender's opinion operate to
<br />prevent the crtfoWcuitnt of the lien or forfeiture of any part of the Property; or (c) secures from the holder of the lien an
<br />agreement satisfactory to bender subordinating the lien to this Security Instruirr ent. If Lender determines that any part of
<br />the Property is subject tea lsen which may attain priority over this Security; fi:ustrument. Lender may give Borrower a
<br />notdor 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 (off notice.
<br />S. Hamrd Insurance. Borrower shall keep the improvements now existing or herczfter erected on the Property
<br />ins,ired against loss by fire. hazards included within the term "extended coverage "' and any other hazards for which Lender
<br />regains 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
<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 .t©,hold the policies and renewals. If Lender requires, Borrower shall promptly give to Lender
<br />Calf receipts of paid premiu mr sm and renewal notices. In the event of loss, Borrower shall give prompt notice to the insurance
<br />carrier and Lender. Lender relay make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or 'n,--pair
<br />of the Property- damaged. if the restoration or repair is economical:�jy feasible and Lender's seicurity is not lessened. If ahe
<br />restoration or repair is not emnomically, feasible or Lender's security would he tessened, the insurance proceeds sfr.. & 1se
<br />apspLed to the sums secured? tsar this Security Instrument, whether Or not thaw lair- kith any excess trxid ce borrow4c:.111`
<br />Boftwer abandons the Property, or does not answer within 30 days a noti.cc Fbif- ae:Pender that the insurance carrier' -kl; &
<br />offered to settle a: claim, then, tender may collect the insurance proveei;. Len er-ami else the proceeds to repair or resrore
<br />the Property or tit pay sums'secured by this Security Instrument,. whether or :6140 then- clue. .be 30-day period will begin
<br />when the notice.4given.
<br />l ntess lutnder and M- 4mi6wer otherwise agree in, writing, any application r t "; ooceed . to principal shall not extend or
<br />per rite dire date of the monthly payments refer rcd to in paragraphs 1 and'21) orchang) the amount of the payments. If
<br />unQea paragrtpli 19 the Praprrty is acquired by Lender. Borrower's right to any insuranc ,policies and proceeds resulting
<br />from damaggs ui,tlig Property prior to t &e ace uisition shall pass to Lender to the extent oft )w sums secured by this Security
<br />Instrument imtnediatclyprior to the acquisition.
<br />6. Preterratioq an*Kfaintenance of Property; Leaseholds. Borrower shall not destroy. damage or suhtitantially
<br />change the Property, all0 w the Property to deteriorate or commit waste. if this 5ecurk): Instrument i% on a leasehold,
<br />Borrower shall comply with iiie provisions of the lease, and if Borrower acquires fee title 10-die Property, the leasehold and
<br />fee title shall not merge unless Lender agrees to the merger in writing. F. 1.
<br />7. Protection of Lender's Rights in the Property; Mortgage Insurance. If Borrower faits to perform the
<br />covgnitnis and agreements contained in this Security Instrument, or there is a legal procccding that may %ignificand) ,effect
<br />Lender's rights in the Property (such as a proceeding in bankruptcy, probate. for condemnation or to enforce law% or
<br />regulations), then Lender may do and pay for whatever is necessary to protect the value of the Property and i ender'% right%
<br />in the Property. Lender's actions may include paying any sums secured by a lien which ha% priority otter this SccuntF
<br />Instrument, appearing in court, paying reasonable attorneys' fees and entering on the I'tvpert% 14 maMe• repair. Alihough'
<br />Lender may take action tinder this paragraph 7. Lender does not hat a to ov %o
<br />Any aniounts disbursed by Lender under this paragraph 7 shall become additional debt of K rr .«er se, urcd b% this
<br />Security Instrument Uriless Burrower and Lender agree to other tetnr� (if pa4 rnc•nt. these ar:i..uirs sh.rll bc.ir nitrrr�i t, n,
<br />the date of dishursernent at the tints• rate and shall be payahl,, with interest. iipon r, iri.c froni I rr „Irr r,. n..,r,•,,,•,
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