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<br />UtmmRM CovENANT& Borrower and Lender covenant and agree as follows: go. 105192
<br />1. Payout of pdadpal mad latomv4 Peapayataat wd Late CMrgea, Borrower shall promptly pay when due
<br />the principal of and interest on The debt evielenced by the Note and any prepayment and late charges due under the Note.
<br />3. Fook forTatta and llstureaoo. Subject to applicable law or too written waiver by Lender, Borrower shall pay
<br />to Lander an the day monthly payments are due under the Note, until the Note is paid in full, a sum (•'Funds") equal to
<br />onc- twifflh or (ra) yearly taxes and acsastmts which may attain priority over this Security Instrument, (b) yearly
<br />tttatelwld payments or ground rents on The Property. if tiny, (c) yearly hazard insurance premivaW and (d) yearly
<br />mortgage insurance premiums, if any. These items are called "escrow items." !.ender may estimate the Funds due on the
<br />bi siseol'curoctntdataandresso nabkelitimates offutureescrowitems.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br />sale agency (including Lander if Leader 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, analysing the account or verifying the escrow items, unless
<br />!.ender pays Borrower interest on the Fiends and applicable law permits lender to make such a charge. Borrower and
<br />Lender may apes in writing That interest shall be paid on the Funds. Unless an agreement is made or applicabe law
<br />requiters interest to be paid, Lender shall act be required to pay Bcmower any interest or earnings on the Furnds. Lender
<br />small Siva to Borrowers without charge. an annul accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was trade. The Funds are pledged as additional security fear the sums secured by
<br />} " Security Instrumeni.
<br />if the amount of the Funds held by Lender, together with the future monthly payments of Fumb pay*bk prior to
<br />{ the due data of the escrow items„ shall exoted the amount required to pay the escrow items when due, the excess shall be,
<br />I 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 Leader any
<br />amount naeessaty to make up the deficiency in one or more payments as required by Lender.
<br />U payment in full of all wins secured b this Security Instrument, Lender shall promptly refund to Borrower
<br />i arty Funds held by Lender. If under pangtaph 19 he Property is sold or acquired by lender, Lender "ll 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 actwdit against the sums secured by this Security instrument.
<br />3. Appliestica of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs 1 and 2 shall be apphadt firm, to late charges due under the Note; secand, to prepayment charges due under the
<br />Nth i:iiirir , to its poyAk urlde; (taragmph 2; Criarth. to interest due, and last, to Oncipal due.
<br />4. Charge LJasts. Borrower shoo pay all taxes, auessmentw, 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. of If at+t paid in that manner, Borrower shall
<br />pay them an time directly to the person owed payment. Wwower shall promptly furnish to Lender all radices of amounts
<br />to be paid under this paragraph, If Borrower makes these payments directly. Borrower shall pmmptly fumhh to Lender
<br />reoe*sevidenncing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Narrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable a+ Lender. (b)contests in good
<br />faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Leader% opinion operate to
<br />pew the enforcement of the lien or forfeiture of any pun of the Property; ur (c) secures from the holder of the lien an
<br />} aSreerrnenT ratisGprtory to lender subtxdinat+tlg the lien to this Security Instrument. if Lender determines that any part of
<br />i the Property is subject to a lien which may auatn priority over thin Security Instrument. 1.t:nder may give B+trower a
<br />notice identifying the lien. Borrower shall satisfy the lien or take one tv m osre of the ac ions vet forth above within 10 days
<br />Chloe giving or mice.
<br />5. Hamel lisear mm. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />Insured Mama Msiby fire, hazards included within the term "extended coverage" aid any other hazards for which Lender
<br />requires insurance. This insurance shall be maintained in the anitiums and for the peoutdv 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 />unmuctubly withheld.
<br />All insurance policies and renewals "I be ftveptabk to Lender and shall include a standard mortgage clause.
<br />!.alder shall have the right to hold the policies and renewals. If Lender requires. Borrower %halt promptly give to Lender
<br />all receipts of paid premiums and renewal notices. In the event of kodu, florruwet %hall give prompt nwu:e to the Insuratd e
<br />Carrier and L.ender.1xvider. may make pnWof hors of not made promptly by 1larrower.
<br />Unless lender and Borrower eblherwlse agree to wnnng. Insurance pntct e►ts shall be applied to restoration or repair
<br />of the Property damaged. if the restoration or repair is economically feasible and Lender's, raurity Is not lessened. If the
<br />restoration or repair is not economically fatwble or Lender'% security would be Lessened, the insurance proceeds shall be
<br />i applied to the smuts secured by this Secuniy Instrument, whelhet cm not then due, with any cscm paid to Borrower If
<br />Borrower abandaen the Property. or doss not answer within w dat % a nutae from l.enuks roan the insurance earner has
<br />i o ffeW to sette a claim. then Lender may collco the snstttaikv prtnceds I.cndsr may use Ohre pnbmwds t41►rpatr or rt more
<br />the Property or to pay suns %inured by the 9ecurn;= OmArument, whether or nor then due the 04, {acrttxi wdl began
<br />when the notice is given.
<br />Unless Lm kr and Borrower utherwdse agree in wrung. any appbta+tdotd of hriwzevlh t;;• pnnc opal %hall not extend or
<br />poWOOtk the d+Ille.4hot ofdw n umthly payments refaned to in par iii oi0% I tuid ; or t; unite Out amttunt of nhc payment%. If
<br />— �..�• 1'4NAL— 11 -.... —. --A lac IF —L— ►uMl 1.. ,.n♦ anal nrtr•nealli rr%Ailrinl
<br />fmas�dAmage to the± Prtbperry. prior to the acquisition shoo pas. co L nukr its the imient of the %um%vecurted M this Security
<br />[wtivateat immediawly prior to the a.wutsitiun
<br />G. ilroaervatiaa sad llfalatelrsaate of Property; L.atsebalis Iitarruwer %hall nut devtnty , dmage ur +ub+twinally
<br />change the Property. allow the Property to deterittrate tw co+inmdt waste If this Set:ureq in+lrument d% tin a lea%ehtild.
<br />Borrower shall comply with the pros uiona of the kale, and If Brrmrcr acquires fa title to the Prtyberty. the leasehold and
<br />fee trek shall not merge unless Lender agrees to the merger lit w riling
<br />7. Pats We of L.eaier's Rlgirts is Ue Property: Nlungm Insaraw. It Wirruwct fstlss to perttwm the
<br />awexnants and agreements coritaned m this Snunty Instrument, or there I% a iegal priwerding that mAi, vtgnificand) affect
<br />Lender's rights in the Pn4k-ny (such ad a procaeddng in hankfulotcy, probate. tier t.tw►temnatiun or eta enfunce law% ten
<br />rqu4tionsl. than L e deer may do and pay fix wbalever n n ecesmr) to pfixe: t the %aluc of the Ptinwri) and l.endct'% right%
<br />in The Property. Lender's mctionis may Include paying any wins %cured by a lien which ha% prd•nt) utcr they Sct:urtt)
<br />Instrument. sppeenng In coun, paying tc*uanal+le attonwt %' fee. and enicnng tan the Property to "take trluir. Althttugh
<br />Leader may take !coon ntdet this patagraph 7. Lemke dties not has c I, do us
<br />Any amounts dtsbutscd n 1 tender under Ihlt, paragraph ? %hell tviwinc Adw,aul dchl at llt+rtub. et • i, urn! ht iht%
<br />Security Instrument Unless Ilttrrilwer and 1 ender,igice wother trim. A;%A%mcnt. txAr n,teleM Item
<br />the date cd disltumement at the NOIC We and shall her ra)rhlt. %Ilh tnlcle %t. up,at nrticc trorn 1 ruder no 1141rr,tvtct
<br />mquesling payment
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