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�O+ 105130
<br />UNIFORM COVENANTS. Borrowerand Lendercovenarit and agree a.s follows:
<br />tfie principal ofand interest oil the debt evidenced by the Note and any prepayment and late chargesdue under the Note.
<br />X Rork for Taxes and Insurance. Subject to applicable law qr to a written waiver by Lender. Borrower shall pay'
<br />- to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum C'Funds ") equal
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<br />ve re1f11f mss• -{aj year y tams aria assessments wfic6 may - attain priority over this Security -Instrument; (b) Yearly
<br />' leasehold payments ° or ground rents on the , if c
<br />Property. any; y, (• ) yearly hazard -insurance premiuts; and (d) yearly
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<br />inortgage insurance premiums, if any- These-items-are called "escrow items" Lender may estimate the Funds due on the
<br />bests of current data and reasonable estimates offuture 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 tender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Leader may not charge for holding and applying the Funds, analyzing the account or verifying the escrow hems, unless
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a Charge. Borrower and
<br />Lender any 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 />' shO give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />pprpiscfor which each debit to the Funds was mach The Funds atepledged as additional security for the sums secured by-'-
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<br />- - fhi-s wunty Instrument.
<br />If the amount of the Funds'iteld by- Lender, together with the future monthly payments of Funds payable prior to
<br />the due dates of the escrow item% 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 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 full 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. Apolieation 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. Marra; Lkas. 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 these 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 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 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 Lender's opinion operate to
<br />prevent the enforcement 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 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
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<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. '
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<br />S. Hazard Insurance, Borrower shall keep the improvements 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 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 Lender and shall include a. standard mortgage clause.
<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
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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 />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 />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 Security Instrument, whether or not then due, with any excess paid to Borrower. If
<br />Borrower abandons the Property. or sloes 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 rise 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 Properly is acquired by Lender. Borrower's right to any inwrance policies and proceeds resulting
<br />from damage to the Property prior 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 Rfaintenance of Property; Leaseholds. • Borrower shall not destroy. damage or substaritially
<br />• change the Property. allow the Property to deteriorate or commit waste. If this Security Instrument is on a leasehold,
<br />Borrower shell, Cin,ltn! arm Inc tnvvisitms uFthr !case'. and if Harrower acquires fee title to the Property. the leasehold 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 faits to perform the
<br />crivenantfi and agreements contuinW in tlrisSsgurity ins rumcnt; fir there :a a lrt al I,Ff etc iy f list tnay si&rnificantly affect
<br />Leuu'c: s tights in the Property (such as a proceeding in bankruptcy. pri +bate. for condemnation or to enforce laws err
<br />-regulations). then Lender may do and pay for whatever is necessary to protect the %alue of the Property and Lender's rights
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<br />in the Property. Lenders actions may include paying any sums secured'hy a lien which has priority over chic security
<br />instrument, appearing in court. pitying reasonable attorneys- fees and entering can the Property to make re paws Although,
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<br />Lender may take action under this paragraph 7. Lender does not have to do so.
<br />Any amounts disbursed by Lender under this paragraph 7 shall become additimial debt of Horrocver secured by this
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<br />Security instrument. Unless Borrower and Lender agree to other term -. of pw}tnc•rt, these aniounts shill hear utter" From
<br />the date of dishursttiuefrt at the Neste rate and shall be pa }able: with nitcrrst. upon ni tic r frttttr 1 ender te• i3nrmRer
<br />requesting paynteret.
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