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<br />UNiFMM COVEN�M's. Borrower end Lender covenant and agree as follows: 90-105228
<br />I. iMyatattt of Priaelpsl tray labrap Prapayistett trait late Cbargss. Borrower shall promptly pay when due
<br />dw principal offend interest on the debt evidenced by the Note and any prepayment and latacbarges duo under the Note.
<br />& Funds for Tastes matt is mmo ce. Subject to applicable law or to a written waiver by Lender, borrower shall pay
<br />to tender on the day monthly payments are due under the Note, until the Note is paid in full. a sum ( "Funds ") equal to
<br />one twelllh af: (a} yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly
<br />Iaaleltold payments or groutail rants on the Property. if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />aortgage insurance premiums, if any. These items are called "escrow items." Lender may este tithe lbe Funds due on the
<br />bob of eurrent data and reasonable estimates of future escrow items.
<br />The Funds shall be held in an institution the deposits or accounts o(wbich are insured or guaranteed by a federal or
<br />elate agency (includitag Leader if Lender is such an institution). Lender sbusll apply% the Funds to pay the escrow items.
<br />i Lender may not charge for holding and applying the Funds, atudyang the acs oust or wenijnng the escrow items, Maters
<br />Lender pays Borrower iaterem ea the Funds and applicable Caw Pertixits Lender to make such a chAoile. Bortosster and
<br />Lender my apse in wriWW that uttaest s6ttH be paid on the Fni.rids. iJttlees an agreement is maade or appfutcok law
<br />. pi I iselerteat to be ptai;l Leber %bull, sot be required to pay Borrower any intereu or earnings on the Funds. Lender
<br />wail live b Barronow. without tbarde, an annual accounting of the Funds showing credits and debits to the-Funds and the
<br />purpose for which each debit to the Funds wan made. The Funds are pledged as additional security for the sums secured by
<br />tbisbiai:sa* Instrument.
<br />t Wthe amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to
<br />• thedue dates of the escrow horns, sliall exceed the amount required to pay the escrow items when due, the excess %ball be.
<br />at borrower's option. either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />amaudt of rite Funds held by Lender is not suftent to pay the escrow items when due, Borrower shall pay to Lender any
<br />amwttnt necessary to make up the deficiency in one or more payments as required by Lender.
<br />Upon payment in fWl 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 t►) Lender at the time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />& Application of Psym ats. finless applicable law provides otherwise, all payments received by Lender under
<br />ravvm I and 2 shall be applied: first, to late charges due under the Note; second, to prepayment charges due under the
<br />third. to amounts payable under paragraph 2, fourth, to interest due; and last, too principal due.
<br />4. ChwM Was. Borrower shall pay all taxes, astm%ments, charges, fines and impositions attributable to the
<br />Property which may attain priority over thn Security Instrument, and leawhold payment% or ground rents, if any.
<br />6orrown diall pay thew obligations in the manner pn►vedr d in paragraph 2, tar if not paid in that manner, Borrower shall
<br />Vey them on time directly to the person owed payment Borrower shall promptly furnish to L.c,eder all notices of amounts
<br />to be paid under this paragraph. If Borrower males these payments directly. Borrower %hall promptly furnish to Lender
<br />ttaosipt:.videttciag the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unles% Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable ti► Lender, Ih► t • infests in go, d
<br />faith the lien by, or defends against enforcement of the lien in, legal pinceedings which nu the Lender's upim-►n oper ,te it)
<br />prevent the enforcement of the lien or forfeiture of any pan of the Property; or (c) sec re+ from the huidei of the lien an
<br />agrtatrttatt uWfactory to Lender subordinating the lien tc► this Security Instrument. If Lender determines that any pan of
<br />the Property is subject to a lien which may attain priority over the% Security Instrument, lender may give Borrower a
<br />notice itkntii Ing the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above Within 10 days
<br />oftbogivingdnotioe.
<br />S. Hatttard IasiiraaeP. Borrower shall keep the improvements now existing tut hereafter erected on the Property
<br />insured against loss by Are, hazards included within the term "extended coverage" and any ether hazards for which Lender
<br />requires imurance. This insurance shall he maintained in the amounts and for the period% that lender requires. The
<br />inatsnusce carrier providing the insurance shall be chosen by Borrower sub)crt to Lender's approval which shall not be
<br />unramonably withheld.
<br />All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br />Leader shall have thtt eight to hold the policim and renewals If Lender requires, Borrower shall promptly give to Lender
<br />all reodpis of paid premium and renewal notices. In the event of loss. Borrower shall give prompt notice to the insurance
<br />carrier and Leader. Lender may make proof of loss if not made promptly by Borrower
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall he applied to restoration tar repair
<br />Of the Property damaged, if the restoration ear repair is economically feasible and Lender's ses uniy is not lawned. If the
<br />restoration our 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 wet then due, with any excess paid to Borrower. If
<br />Borrower abaadons the Property. or does not answer within 10 days a notice from Lender that the insurance carrier has
<br />Oisrad to settle a cWn4 then Lender may collect the insurance proceeds L.m&f 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 V-day period will begin
<br />wbati Use notice is given.
<br />'audios% i.ardcr and Borrower otherwise agree on writing. any application of prureeds to principal shall note nel or
<br />Postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount (if the payments. If
<br />under paragraph 19 the Property is acquired by Lender. Br trower's right to any in %urance ptihcim and proceeds resulting
<br />Crain damage to the Property prior to the acquisition shall rocs it, l.crAkr to the eafetst rf the sums secured by this Security
<br />Inwtrutstent immediately prior to the acquisitim,
<br />4. Prasa'vatloa said Mdntenaitcc of PrWfW; I.etaseb". 7 on-awer %than( nal dew", !.. 'while or yuitr►tan!11411;;
<br />change the Property. allow the Property to detenatate ear commit was;; 1f t:hwi• :sdr.rinty i,>sererM Mi i't iii a Wambold.
<br />borrower IMM comply with the provisions of the lease, and if Borrow r7- *L%rxtres fee i i Wit to the Praperaw• 11%e lrmsebo d and
<br />in tided WI tut merge unless Lender agrees w the merger in writing
<br />7. Protection of I.ewkes Rights in the Property; Mortga•gt litsuraiire. It' &'A"a,wo fails to perform the
<br />covenants and agreements contained in this Security Instrument, or there ma legs: r,,,w:eedmg that may significantly affect
<br />Lender's rights in the Property (such as a pn>teeding in hankruptry. probate. for craodemnateon or tit enforce laws or
<br />regulations). then Lender may do and pay for whatever is necessary to protect the %aiue of the Properi y and I ender'% rights
<br />in the Property. Wider's actions may include paying and %um% wcured by a ben which ha% pnurit) a%er this Security
<br />instrumient. appearing in court, paying react ►nahle attorne%%' fee% and entering tin the Pr►lpert) to make repair% Although
<br />Lender may take action under this paragraph 7. 1 ender div% not ha%e to do %o
<br />Any amounts disbursed by Lender under this paragraph 7 %hall hecome adeimor►al debt of Her rower %r.ured by the%
<br />Secunty Instrunwret Unless Wriower and 1 ender agree t,► other term% tit payment. thew amount% %hall heat interro from
<br />the date of dsbureemcni at the Note rate and %hall he pavahle. with u►icrem. upim nutite It,•m 1 snore to Witower
<br />requiting payment.
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