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UNiPD U COVENANTS. Borrower and Leatder covenant and agree as follows: .90-105120.
<br />r1. payat of ptrWW aril Ltl� Ptraepayseat and Late Clrargea. Borrower sall promptly pay when due
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<br />the principal ofand interest on thedebt evidenced by the Noteand any prepayment and latec�argesdue under the Note.
<br />2,, For for Tueaatd iww=m Subject to applicable law ottQ a written waiver by Lender, Borrower shall pay'
<br />to Lender on the day monthly paymggs 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 />lowel oid psymetts or around rem on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />- mortgage insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the
<br />basilpfrturerst data arm rrau=ble es0imatesof 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 />Leader may not charge for hokling and applying the Funds, analyzing the account or verifying the escrow items, unless
<br />Leader pays Borrower interest an 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 />shall givato Borrower, without charge, an annual accounting of the Funds showing credits anddebits to the Funds and the
<br />purpose for which each debit to the Funds was made. Tice 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 of 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 Borrowees option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />mount of the Funds held by Lender is not sufficient to pay the escrow items when due, Borrower shall pay to Lender any
<br />amount ,necessary to make up the deficiency in one or more payments as required by Lender.
<br />Upon payment in fiffl of all sums secured by this Security Instrument. Lender shall promptly refund to Borrower
<br />any Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender, Lender shall apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />3. Applicattou of Payments. 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 the
<br />Note; third, to amounts payable under paragraph 2; fourth, to interest due; and last, to principal due
<br />4. Ck wgea; Lim. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br />Property which may attain priority, over this Security Instrument, and leasehold payments or ground rents,, if any.
<br />Borrower shall pay then .- obligations in the manner provided in paragraph 2, or if not paid in that manner, Borrower shall '
<br />pay them on time directly to the person owed payment. Borrower shall promptly furnish to Leader all notices of amounts
<br />to 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 good
<br />faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lenders opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any part of the Property; or (c) sec :res 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 />Mice 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. Haxerd 11mrrsece. 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 Lender
<br />requires 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 sender and shall include a standard mortgage clause.
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<br />Lender 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. In the event of loss, Borrower shall give prompt notice to the insurance
<br />carrier and Lender. Lender may 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 repair
<br />of the Property damaged. if the restoration or repair is economically feasible and Lender's security is not lessened. if the -
<br />or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be
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<br />applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. If
<br />Borrower abandons the Property. or does not answer within 30 days a notice from Lender that the insurance carrier has
<br />' offered to settle a claim. then Lender 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 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 referred 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 damage to the Property prior to the acquisition shall pass to Lcnder to the extent of the sums secured by this Security
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<br />Instrument immediately prior to the acquisition.
<br />6. Preservation and Maintenance of Property; Leaseholds.' Borrower shall not destroy, damage or substantially
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<br />- change the Property, allow the Property to deteriorate or commit see. If this Security Instrument i-P on a leasehold.
<br />Borrower shall comply with the provisions of the lease, and if Borrower acquires fee title to the Property. the ieasehold and
<br />fee title shall not merge unless lender agrees to the merger in writing.
<br />7. Protection of Lender's. Rights in the Property; Mortgage Insurance. If Borrower fails to perform the
<br />Covenants and agreements contained in this Security instrument, or there is a legal proceeding that may significantly affect
<br />Lender's rights in the Property (such as a proceeding in bankruptcy. probate, for condemnation or to enforce laws or
<br />regulations), then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights
<br />` in the Property.. Lender's actions may include paying any sums secured by a hers which has priority over this.Security
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<br />Instrument: appearing in court, paying reasonable attorneys' fees and entering on the Property to make repairs Although
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<br />Lender may take action under this paragraph 7. Lender does not have to do sot
<br />Any amountsdisbursed by- Lender under ibis paragraph 7 shall beconte additional debt of Horrower secured by this
<br />Security instrument: finless Borrower-and Lender agree to other temis of payment: these amrunm% hall bear interest from _
<br />the date of disbursement at the Mote rate and shall be payatte, with interest, upon notice from Lender to Borrower
<br />requesting,payment. '
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