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<br />UNIFORM COVENANTS Borrower arid Lender covenant and agree as follows: 90-1 " s a n
<br />L PayTaeat GM 111110111101111 sad latetn W Pn/ayat N OW Late Cha W& Borrower shall promptly pay when due
<br />dsa principal of and interest on the debt evkkneed by the Note and any prepayment and late charges due ulsder the Note.
<br />I Foods tar Tairess d lawraaes. Subject to applicable law or to a written waiver by lender. Borrower shall pay
<br />to Lander 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 or; (a) yearly taxes and assessrrnents which may attain priority over this Security Instrument; (b) yearly
<br />leasehold payments or ground rents on the Property, if any; (c) yearly haurd insurance premiums; and (d) yearly
<br />wort" insurance premiums, if any. These items are called "escrow items." Lender may estimate the !:suds due on the
<br />badsofe urtent data and reasonableestimatesoffuture escrow, items.
<br />'no Funds shall be held in an institution the deposits or amounts of which are insured or guaranteed by a federal or
<br />state agency (including Deader if leader is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Lrnekr may not charge for holding and applying the Funds, analysing ilia account or verifying the escrow items, unless
<br />Larder pays Borrower interest on the Funds and applicable law permits Lclnder 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 Siva to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made, The Funds are pledged as additional security for the sum secured by
<br />tbia Security Instrument.
<br />If the amount of the Funds held by Lender. together with the future monthly payments of Fumh payable prior to
<br />the due data of the escrow items, 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 so icient to pay the escrow items when due, Borrower shall pay to Lender say
<br />amount rsecessary 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 lime of
<br />application as a credit against the sums secured by this Security Instrument.
<br />3. Appliesttoa of Paystents. Unless applicable law provides otherwise, all payments received by Lender wader
<br />paragraphs 1 and 2 shall be applied: tint, to late charges due under the Note; second. to prepayment charges due under dw
<br />Note; third. to amounts psy*k under paragraph 2. fourth. to intcrat due, and Iasi. to principal duc.
<br />4. tChargtsR .Jena. Borrower shall pay all taxes. assessments, charges. tines awJ impositions attributable to the
<br />Properly 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 smounts
<br />to be paid under this paragraph. If Burrower makes these payments directly. Borrower shall promptly furnish No Lender
<br />roceiptsevidencing the payments.
<br />Borrower shall promptly discharge any lien which his priority over this Security In %trumcni unless Borrower (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable as 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
<br />notice identifft the W. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br />of the giving of noike.
<br />S. Witar+d li straw. Borrower shall keep the improvemeno nw& existing or hereafter erected on the Property
<br />insured alitirt1t loss by tire. hazards included within the term "extended coverage" and any other hazard% for whi.:h 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 Burrower 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 wandsard mortgage clause.
<br />Lender shalt have the right to hold the policies and renewals. If Lender requires. Baxower shall promptly give to Lender
<br />r.` all receipts of paid premiums ars d rmmwal notices. In the event of loss. Borrower %hall 1p%e prompt notice to The insurance
<br />carrier and Lender. Lender may m*&.t proof of loss if not made promptly. by Borrower.
<br />Unless Lendrtr wrA Borrower M herwise agree in writing, insurau Ip�mccds shall he apl+lw m restoration or repair
<br />of the Property darnwgzg. if the restoration or repair is economically (rs1,44le and Lender's %ecnrres % n not lewwd. If the
<br />restoration or repair a i of economically feasible or L ender s security would he lessened, the m %or*.mce proIce-va,; ,ikall be
<br />I app11ex1 to the sums secured by this Security Instrument, %1. , :her or not then due, wirh my excimi paid to Wrrcwer. If
<br />Borrower 4undons the Property, or does not answer wsihmx :fit days a notice from Len&r that trite insurance writer has
<br />t>tlfered to settle a claim, then Leader may ciAlecs the insurance proceeds Lender may use the proceeds to repair or restore
<br />The Property or to pay sums secured by this ScLunty Instrument, whether or not there dim. The y period will begin
<br />I when the entice is gwen.
<br />Unless Lender and Borrower otherwise agree in suntans, any application olf pro twvts to principal shall mg, crtend or
<br />postpone the due date of the monthly payments referred to set porAlraph% 1 and 2 ear change the anuwnt cA the pwt.menis. If
<br />taader marsaranh 19 1h1 p n2w&1+ Y wrlair"A hu t mui" ftftwv ....`...,.w @.,. u. . _J �._�_ _ •-'.-- _
<br />�. __'—__ _' —..__. -'. — ..y..... -suer •: Fnr.�.is_ww fwaw.iWa,CIY. {Ws
<br />from damage to the Purports purer to the scquisitton %hail pass to Leader reo the extent of the %urea wecwried try this See uray
<br />Instrument immodsatel'v prior No tie acquisition.
<br />g• Pnunatkm arts Mala6eaaneeo%Progertyi Lontb cis. llofrowrr shall not destroy. damage or suhoantially
<br />chatsge the Property. alkw► else Property to deteri'xate or commit waste. If thus Security Inuruniou s.,wi a leasehold.
<br />Borrower shall comply with the provisions of the lease. and if Borrower acquires fee title to the Pr.Wp iy, the leasehold and
<br />See tide shall not merge unless Lender agrees to the merger in writing.
<br />7- Pltiltae4 as Of Lsai�sry R10ts IN the M% wrty; %lortgar Insurance. If Borrower fail% to perform the
<br />+ M9etWal1f ward agreements ctuil uved in this Smunly Instrument, or there i% a legal proceeding that may %igmficand) affect
<br />Imider's rights lo th¢ Property (such as a proceeding in bankruptcy, probate. for condemnation or to enforce laws or
<br />regulations), then Larder may doand pay for whaleser is neres%ary to protect the %alue of the Property and Lender'% right%
<br />in the Properly. Lender's ti kS111s rasa) include paying any sum% secured h) a hen which ha% prianty owr thm Swum)
<br />Instrument. appearing in court, paying re m%mafde atlortx)s' fees and entering on the Property to male repair% Although
<br />Lclider may take actdm under this paragraph 7. Lender doe% not hale to du K0
<br />Any amountsdi%butsed by lender under thi. paragraph 7 %hall tx%-o ue additional dehi ,st K.rruwer w4:utrd h) 1111%
<br />Security Instrument. Unles% Iorrower and Lender agree to other team of pay mint. thee ainouot% %hall Fear ,ntcle%t from
<br />the date of disbursement at the Nate rile and %hall he "$aMe. with intrrt%t, up.m notice burn I ender t,, ll rroAcr
<br />requesting payment
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