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<br />102840
<br />UNIFORM COVrNANTS Bcsitowcr and Lendcr 4 o%enant and agree us follows
<br />1. Payment of Principal and Interest; Prepayment and late fliarites. Borrower %hall 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 tea applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly payments arc 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 pnonty over this Security instrument, (h) yearly
<br />leasehold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />imortgage insurance premiums, if any. These items are Killed "escrow items" Lender may estimate the Funds due on the
<br />basisofcurrent 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 venfying 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 lane
<br />requites interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Leader
<br />shall ghee to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />ggttpose for which each debit to the Funds was made. The funds are pledged as additional security for the sums secured by
<br />thisSmurity Instrument.
<br />If the amount of the Funds held b) Lender, together with the future monthly paymcum of Funds payable prior to
<br />the due dates of the escrow items, shall eu-ced 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 Lander is not sufficient to pay the escrow items when due. Borrower shall pays to Lender any
<br />amount necessary to make up the deficiency in one or more payments as required by tender.
<br />Upon payment in full of tilt stitns secured by this Secunty Instrument. Lender shall promptly refund to Borrower
<br />any Funds held by Lender. If unt}er paragraph 19 the Property i% sold car acquired .by Lender, Lender shall apply. no later
<br />than immediately pnor to the sate Of the Vr,, perry or its acquisition hv lender. any Funds held by Lender at the time of
<br />application as a credit against the sums wur•� by this Security Instrument.
<br />S. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br />Ira "raphs 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 clue; and last, to principal due.
<br />4. Charges; Lien. Borrower shall' pay all taxes, assessments, charges, fines and impositions attributable to the
<br />Property which may attain prr-mity over this Security Instrument. and leasehold payments or ground rents. if airy.
<br />Borrower shall pay these obltgatrdrrs in the manner provided in paragraph 2. Or ifnc+t paid in that manner. Borrower shall
<br />pay them on time directly to t hr person owed payment. Borrower shalt promptly furnish to Lender all notices of amounts
<br />to be paid under thts paragraph. If Borrower makes these payments directly. Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any Gen 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 marines acceptable to Lender; (b) contests in good
<br />faith the lien by, or defends against enforcement of the lien in. legal proetetftnp which in the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any pan of the Property; or (0 secures from the holder of the lien an
<br />agreement satisfactory to Leander 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. Ber.mwer shall satisfy the Teen or take one or more of the actions set forth above wulftin 10 days
<br />of the giving of notice.
<br />S. Natant 1aestr9we. Borrower shall beep the improverneats 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 Lent
<br />requires insurance. Thus insurance shall he maintained in the amounts and for the periods that Lender requires. The
<br />insurance tamer providing the insurance shall he chosen by Borrower subject to Lender's approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall he acceptable to Lender and shall include a standard mortgage clause.
<br />Lender shall have the right to hold the pohra;es and renewal%. If Lender requires, Borrower shall promptly give to Lender
<br />all receipts of paid premiums and renewal notices. In the event of loss. Borrower shall give prompt notice to the insur=ce
<br />tamer and Lender. Lender maps :hake proof of loss if not made promptly by Borrower.
<br />Unless Lender and.Bcrmwer otherwise agree in w ntmg, insurance proceedx shall be applied to restoration or repair
<br />of the Property damaged, ifrttir restoration or repair is economically feasible and Lender's security is not lessened. If the
<br />restoration or repur 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 Borrowef. If
<br />Borrower abandons the Props: ry-, or does not answer within 30 days a notice from Lender that the insurance carver has
<br />oBetied to settle a claim. then L=der 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 1'mtrument, whether or'iilat. then due. The 3"ay period will begin
<br />when the notice is given.
<br />Unless Lender and Burrower otherwise agree in wnting. any application of proceeds to principal shall not extend or
<br />postpone the due date of the mo'mthly payments referred to in paragraphs i and 2 to change the amount of the-payments. If
<br />under paragraph 19 the Prq y is acquired by Lender, Borrower's right to any insurance policies and proceeds resulting
<br />from damage to the Property anor to the acquisition shall pass to Lender to the extent of the sums secured by this Security
<br />instrument immediately prior to the acquisition.
<br />6. Preservation and Maintenance of Properly; Leaseholds. Borrower shall not destroy. damage or substantially
<br />change the Property. allow the Property to deteriorate or commit waste if this Secunty instrument is on a leasehold,
<br />Borrower shall comply with the provisions of the lease. and if Borrower acquires fee title to the Property, the leasehold and
<br />fee title shall not merge unless Lender agrees to the merger in wnting.
<br />7. Protection of Leader's Riots in the Property; titortgage Insurance. If Borrower fails to perform the
<br />Covenants and agreements contained in thi% Secunty Instrument. or there is a legal proceeding that may significantly affect
<br />Leader's rights in the Property (%uch a% a proceeding to bankruptcy. probate, for condemnation or to enforce law% or
<br />regulations). then Lender may do and pav for w hatever is necessary to protect the %alue of the Property and Lender's rights
<br />in the Property Lender's actions inay include paying any sums secured by a lien which ha% priority over this Security
<br />Instrument, appearing in court. paying reasonable attorneys' fees and entering on the Property to make repair% Although
<br />Lender may take action under tht% paragraph ' Lender doe% not have to del w
<br />Any amount %dt %burwd hs tender under this l•arap,raph T %hall be, ome additional debt (if Kirrower %enured by this
<br />Security Instrument I °ntrc% fi�Irr,•urr and 1 critter aptc-e to other term% of psi, meni. these amounts shall hear interest from
<br />the date of dtabursentent at thr NAr rair .tn,f 01.111 #�± �3: 8htf. al, t! :f :I••� %• ::jx •! :t`t t;t �•. rat 1 %rider to it!1r r +-Ae/
<br />requesItng pavrnent
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