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IJ91PORM C OVENANn Borrower and Lender covenant and agree as follows. 90-405233
<br />g• P*111111M Of PV18 40 lead lahrstNp PrWymo said Lett Claegss. Borrower shall promptly pay when due
<br />die principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />A. PION ftar TAM atttd Immanes. Subjoci to applicable law or to a written waiver by Lender. Borrower shall pay
<br />to Loonda on the day monthly payments are due under the Note, until the Note is paid in 1611, a sum ( "Funds ") equal to
<br />eels -tw" of; (0 yearly tatty and assessments which may attain priority over this Security Instrument; (b) yearly
<br />leasahoid paya»ats or ground rents on the Property. if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />asertggge insurance pnmiums, if any. These items are called "escrow items." Lender may atutaate the Funds due on the
<br />basis efeurretll dam and rassombleatimates of Wture escrow items.
<br />The Funds shall be hold in an institution the deposits or accounts of wWch are insured or guaranteed by a federal or
<br />' state agency (including Larder if Lender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Lander stray 11011 e;.liaW for holding and applying the Funds, utalyzing the. &cco rru or veribring the escrow iteaas, ualtss
<br />L.atder pays Borrower iateenst on the Funds and applicable: law permits lender to make such a charge. Borrower sad
<br />Lrendar Saay aLnee it1 writing that iateta11 shall be paid on the Funds. Unless an agreement is made or applicable law
<br />rMgsiitiI io 1wo to be paid, Leader shall not be required to pay Borrower any interest or earnings on the Fursds. Lender
<br />aball give to Borrower, without charge, an annual aceountiesg of the Funds showing credits and debits to the Funds and the
<br />i
<br />purpose for which each "Ito the Funds was made. The Funds are pledged as addittional security for the sums secured by
<br />i thillSwuzity Instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to
<br />ehedue dales c(the escrow items. skill exceed the amount required to pay the cscrotx items when due, the euoeu shall be,
<br />at —s -wen's option, either proanip!;v repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />4 aamnl ar Funds held by L Wren of not wllicient to pay the escrow items when due, Borrower shall pay to Lender any
<br />MOM necessary toissake up the ddkww -y a ,meor more payments as required by Lender.
<br />Upon ymerst yin full of 811 Sumi tie+'.�w r-4 by this Security instrument, Lender shall promptly refund to Borrower
<br />say Fuv* btdd by'Lander. If u1tftt paragraph 19 the properly is sold or acquired by Lender, Lender shall ap,4y. no later
<br />rhea tieDamaadiatdy prior to the salt or the pmpeny or itw sawisition by Lender. any Funds help! bt Lesider,w- ,ibe tuned'
<br />aPPIitCAtl;ru as acs�etlit etgaitrst the swats scoured .by this %welpty ingnitrnet,t
<br />2. Agplindois of Prayai aft - li6k" .%Wicable law provides • •therwise, all payments 1rcctivetd by Lender under
<br />1 and 2 shalll be applied: first, to last charges doe under the Note. second, to prepaymer,; charges due under the
<br />to amounts payable under paragraph 2; fourth, to interest due; and last, to principal due. _?
<br />lt, aharW liar. BormrOarer shall pay all taxes, assessments. charges. fines and impositions attributable to the
<br />reopen )• µ•rich may attain prsorraty. over this Security Instrument, and leasehoM payments or ground rents, if any.
<br />Baeowet shall pay tbtsc obligations in the manner provided in paragraph 2, or if not paid in that mariner. Borrower shall !--_
<br />Pay !halm on time directly to the person owed payment. Borrower th,ill promptly furnish to Leodi:r all notices of amounts
<br />to be paid under this paragraph. If Borrower makea than payments directly, Borrower shall pnn:tnptly furnish to Lender
<br />: noeipbavidaso:iagthe paymaiu.
<br />Borrower shall promptly discharge any lien which hm prionty over this Seem nzp Instrument links4 -&i>-tower: (a)
<br />ages in wriU" to the MOM of the obligation secured by '14 lien in a manner wxtpuable to Lender; (b) t amiesis no ptoa d
<br />faith the No by, or dafeads apsiast enforcement of the lien in, legal proceedings which in the Lender's opimnn operatic to
<br />Sew I the es fW=111rent of the liar or forfeiture of any pan of the Propvny; or (c) ttttc :rat from the holdet of the lien an
<br />a amitnt satisfactory to Lender eubordinsting the lien to this Security Instrumeni. y r Lender determines that any pan of - -
<br />! the Property it subject to a lion wh,.ch may attain priority over this Security Instrument, lender may give Bwrowet a
<br />ti KW idaeWying the lien. Borrower Shull satisfy the lien or take one or more of the actions set forth above within 10 days
<br />' ofthapp¢viittgofnotwe.
<br />& Hasard la uraaee. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insulted --i -t has by fim hazards included within the term "extended coverage" and any other hazards fix which Lender
<br />n11111 p iosaritace. This insurasioe shall be mamistned in the amounts and for the periods that Lender rewires. The
<br />iawrarsos carrier providing the insurance shall be chosen by Borrower subject to Lender's apptnval whno;i'. �J I not be
<br />wstwoaably wifhludd.
<br />All ieisursaw epcAcies and renewals shall be acceptable to Link -r and shall include a smo and manpge clauic
<br />Leader don have trio rvght to hold the policies and renewab If Lender acquires, lkwrower shall promptly gave to Lender
<br />AD neeipte of paid pamiuUm 4mi, mnewal noires. In the exent of kw k Romower sli. U pave prompt solace to eilte erlsiiranee
<br />carrier said Lender. Leader may nuke proof of loss if nut rude promptly kvp Borrower
<br />Ulsku I.eadsxarmA Burrower otherwise agree in writing,,nsunitw.e proceeds shall he appima w remortmxien or repair
<br />of the Property dsaupt 4 if the restoration or repair is economw&%, feui3Oie and Lender's security is not teaaernetl. If the
<br />reetoration or repair is not eeoaomically feasible or Lender's sticunly would be ks ned, the insurance pavctte+i'a shall be
<br />210111111111111110 the stirs secured by thus Security Instrument, wl.wher or no then idler_ *1111 any cum paid to ldurmwer. If
<br />Borrot w abandons the Prow nys; wr does not answer %otri tO days a a VWt fhtm Lerida that the inwrance canter has
<br />"ON W edde seelaiss. than larder may collect the iasursece proc rubs Lender nnay use the proceeds to repair or restore
<br />IM Privet 17 or to Pay wAm secured by thsa Semnq Instrumal. wheathm or not then due The 304sy period vnD begun
<br />why Ilia notice a ppi^►en.
<br />Ualaa [reader and Borrower otlwMae agree in writing, any application of p+roccv-ds to pniw ipal shall not extend or
<br />poatpotae theduedate of the monthly payments reiernd to in psaragraph% 1 and I or change the amount of the payments If
<br />wirer paragraph 19 the Property is acquired by Leader. Borrower's right to sa4 1 nwraace W*:sd and proceeds resulirag
<br />froth elsiaiage to the Property prior to the acqui mum alia8 pus to Leader to the extent of the wims secured by this Security
<br />laatriissrsat iin+s+edutely prior to the acquisition .-
<br />& PleaarsatiaaaMMaiagaaaswcifPtoPerlpl ;Q.aaselwiohi. Borrower shall" destroy. damage or substantially
<br />cliatlge the Property. Allow the Property to deterkwate or c mimit waste If this Security Instrument is on a leaschold.
<br />comply with the pro%1wOfts of the lease, meld if Ik4ft' wet acquire. (cc 1111C to the Psalm). the kasehold and
<br />surge unless Lender agrees to the rnerger in to nting
<br />7. lesasetisa of I,saeiSr'S RlgieB it the Pragtrt) :. oetgiige Insist"". If Borrower fails to p crf wm the
<br />ewrwawtsaed eareementscontused in that Secunt) instrument, or there is a legal pra►eeding that ma) ugni &aptly dot
<br />L Laidir's rgks a the Property twch as a pfmco ins in bsnkrupNt), pi-Amle. for (ontiemnatkm .w it enfant laws or
<br />rlgu{Maoas),Ib= I.eniler my do wad pay for w bate.rr is cave Wt) W prriNe►t t he t slue td the Prtpertt and I ender's nghis
<br />is the Property Lender's a:tsons nw) include pss)ing an) sums %c% ured M a beet %ht.h hat pttc•yut ,•ter this Secum.
<br />lbut not. appearing m avert, p sprig reaxrnable atem•rtw' >% fern and entering on the 1'rc jwrt) to make reparn Ailhough
<br />Lender many take avian under this pwagraaph ' l ender slew* Mw hat a tt d.• u%
<br />Any anrotints dittbunoN M lertdrr under ihmt pairagnp►h � teyll txsrrtx A.tdrteairl dent .f Ii.•rr� ewer art urea! h) lhts
<br />Seeutal) Inunutieni Unku lkwroaer Arttf I amity Attlee it ether trtrn. of tm)mrt,t thrst arm ants shall hear inittem frutn `
<br />the daft of dwMis anent of the Ktor rate and shall he rysank with m1tre%t t,prtt rtttt.e fr,.m l erxkr to 1kitytwer
<br />tttiliitesttarg pa)nmt
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