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r- 90---105242 UNIFORM CAY8NA" Borrower and Lender coverwnt and agree n follows: I. Borrower shall promptly pay when due 1 160 principal OF W4 interest on the debt evidenced by the Note and any prepayment and late charges due under the Note. Z. Ptt»ds MsrTO :M a0110seraner. Sub*t to applicable law or to a written waiver by Lender. Borrower shall pay to I.Ittuder on the day monthly payments are due under the Note, until the Note is paid in dill, a sum ("Funds ") equal to otte- twaiflh or W YiMy taxes and ssseurnents which may attain priority over this Security Instrument; (b) yearly Isaaeboid payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly n oetgtgs iawrattoe premiums, if any. These items are called "eacrow items." Larder may estimate the Funds due on the basisafeurmt data and reasonable estimates of (hture escrow items. TM Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or stmt apriq (including Lender if Leaner is suck as institution). Lender shall apply the Funds to pay the escrow items. Lstnder easy 11104 charge for bolding and appblag the FWA. analyzing the account or verifying the escrow items, unless Lauder pays Borrosier interest on the Fweds earl! appl amble law permits lender to make such a ckargr. Borrower and L my agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable bw tagniroa ham to be paid. Leader sLsll not be required to pay Borrower any interest or earnings on the Funds. Lowder shall give to Borrower. without charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which eacb debit to the Funds was made. The Funds are pledged as addi4 wad secunly for the sans smai d by this Satatrity Instrument. If the amotint of the Funds held by Lender. together with the future monthly payments of Funds payable prior to j the due 4stes of the escrow itaus. shall exceed the amount required to pay the escrow items when due, the excess shall be, 11 at Bat0wer's option. either promptly repaid to Borrower or credited to Borrower our monthly payments of Furls. if the swount of the Funds held by Lender is neat sufficient to pay the escrow items when due, Borrower shall pay to Lender any atsount necessary to make up the deficiency in are or more payments as required by Lender. Upon payment in Rill of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender. Lender shall apply. no later than immediately prior to the sale of the Property or its acquisition by Lender. any Funds held by Lender at the time of application as a credit against the sums secured b) this Security Instrument. t & APPUC@dm of Pafoulls. Unless applicable law provides ailnerwise. all payments received by Lender under paragraphs I and 2 shall be applied: first, to laly charges due under the Mote; smond, to prepayment charges due under the i Noft third, to smoutrts payable tinder paragraph 2; fourth, to interest due; and last, to principal due. A CZtergssi IAM Aomwer shall pay all taxes,. assessments, charges, fium and imp.wrtions ateribtuitable to the Property, uf*b may attain prict .1"W ;own ibis Security Ilrtamirument, and leasehitki rna$vamty or grouted irenvs, if any. Borrower AA pay thew, obligations an the manner provided in paragraph 2, or if nor pad are O i manner, Borrower shall pay them oo timedireetly to the person owed �,-Ay rent. Borrower shall promptly furnish to all notices of amounts to be paid under this paragraph. If Borrower nukes time payments directly, Borrower shall promptly furnish to Lender nosipts widsaacing the payments. Boirowel shall promptly diacharge any lien which has priority over this Security Instrument unks% Borrower (a) agrees in wddng to the payment of the obligation secured by the lien in a manner seceptabk to Lender; (b) d (mleas in g(kid faith the Has by, or defends against enforcement of the lien in, legal proceedinp which in the lender's opini.m operkte to prevent the esd'oreetbaecea of the lien or forfeiture of any part of the Property; or (c) seat :res from the holder of the lien an agrumeat ladsfaetory'to ImWer subordinating the lien to this Security Instrument. If lender determma that any part al the Property b subject to a lien winch may attain prionty aver this Security Instrument, lender may give lk�r ur- a notice ideatdd iag the lien. Borrourr dull satisfy the hen or ttta7ce one or more of the actions set firth above within 10 mays debt giving ofamice. !f. Haa< d Iooraaee. Borrower shales weep the improvements now existing or hereahet -trected on the Property Measured aping loos by fire, hazards included within the term "extended coverage" and any other hazards for which Lender rsquirsr insurance. This imt niece shall he maintained in the amounts and for the penods that Lender requires. The insurance carrier providing the insurance shall be chosen by Borrower wb)M to U.ettder's approval wbich shall not be wdaaoatabty withheld. Apt insurance policies and renewals shall be acceptable to Letnd& mid shall include a standard mortgage clause. landsr doll have the right to hold the policies and renewals. If Lender requires. Boarower shall promptly give to Lender all t'rmosof paid premiums and renewal notices. In the cveynx of ins. Borrower %+Who give prompt notice to tlnr insurance eannor. 4 Lender. Lender may make print of km if n it nri•.9r firnmrAly by Rorrnww Unless Lander rid Sommer otherwise agree in writing. mwrance proceeds shall be applod as resrarstson or repair of the Proputy danisaggei9, if the ricstoratiou or repair is economically feasible and Lender's secs nvy ,ca not lessened. If the r reNOas d= or repass• is sot ecais30#Mfly ftaaayt 4 or Lender's security would be lessened. the inwrance proceeds shall be applaud b the sums secured by 11Ws Secunly Instrument. whether or not then due, awenh any excess pad to &mower. If Bonaroir abandons the Property, for does not answer witilim 30 days a notice from Leender that the insursocc terrier has 0111W d to settle a claim. then Leader may collect The raaurulce proceedn Lender rosy use the proceeds to repair or restore the Property or to pay sums secured by tion siamay Immanent. wbetAer or act then due. The 304sy period will bete *bat tlue "Was isSiva. Unless Lender and Borrower otherwise agree na wrutyng, any apapincatwe #W proceeds to principal shall not extend or prgpotte the due date of the monthly payments referred to in paragraphs t and l t w .hinge the amtwnt of the payments. If sindor paragraph 19 the Ptopm y s acquere+d by Lender, Borrower's nghr to any insurance Iwilicies and pr(weeds resulting faon dttttsage to the Property prior to the acquisition shall pass to Lender to the enrol of the sums sea ured by this Saunty me born at ianasodiatdy prior to the a Nuisrlton. fr Foam =d Mda4uwm of PropM; Lrsaelw & Borrower %ball not ddestru). damage or substantially change the Property. allm the Property to deteriorate or commit waste If this Sm-unty Instrument n on a leasehold. Yorre>w dmffi amply witb the presimons of the least. and if Borrower acquires fee title to the Property. the leasehold and f a tulle shall not aterge tud ss Lender agrees to the megw in w nting. 7. Prelim n of LatWw% RIOU V the Probes y; Martgor Issurawt. If Borrower fails to perform the covsnantsand ogres mentswntained in This Secunty Instrument, or thetr n a legal procce ding that mey ugnificarttly affect Lender's rights in the Property (such as a procadnng in bankrupic), probate. for condemnation ur to enforce laws or ragublions). then Leander essay do and pay for w hateser is necessary to pnrtcci the %aloe of the PnTertv and lender's nghts in dw Property. Lender's actions may include paying an) sums wured h) a Iron whwh has pnonty over this se<unt) Inuratttait, appearisy in court, paptig rtasonable attorney %' fees and entenng on the Ptt j ert) ear make retain Atnhmgh Lender easy take action under this paragraph 7. 1 ender dues not have to do %v Any amounts disbursed by Lcndcr under this paragraph 7 shall bmcmw addndinst dehi ,•f Wirt, i ser %es ure+d b) chid Secu my Instrumeni Valens Borroact and lender agree to tither arms of ►►» mart. theve and�unt% %hall hear interest (rixn the date of dislwnement at the Note rate and %hall he pa)abk. nrth interest, upm notice trorri 1 ciider ti- Harrolher rtptstrtmg pa>aae A 7 4 J l