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89-Z 103125
<br />UNIFTIRM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1, Paytsteat of ptrlaeira atatll Iahrliah Prepayment wW Late Charges. Borrower shall promptly pay when due
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />2, MAnds for Taxes and Isawaaes. Subject to applicable law or to a written waiver b Lender.
<br />to Lender on the des monthly Y Borrower shall pay
<br />y y payments are due under the Mute, until the Note is paid in full. a sum ("Funds") equal to
<br />one-twelfth of: (a) yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly
<br />kawhokt Payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mmxtgage itrsuranoe premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the
<br />basis ofeurrent data and reasonabie estimates of future escrow items.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br />state agency (including Lender if Leader is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Lander may not charge for holding and applying the Funds, analyzing the account or verifying. the escrow items, unless
<br />Lander pays Borrower interest on the Funds and applicable law permits Lender 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. =de or applicable law
<br />nequim interest to be paid, Lender shall not be required to pay Borrower any intet"t. or earnings on the Funds. Lender
<br />Shall give to Borrower,. without charge, an annual accounting of the Funds showing credits and deNta 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 sums secured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to
<br />the due dates 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 crvAted to Borrower on imnthly payments of Funds. If the
<br />amcmat anioutat of the Funds held by Lender is not sufficient to pay the escrow items when due„ Borrower s &all Pay to Lender any
<br />necessary to make up the deficiency in one or more Payments as required by 1% evader. '
<br />Upon payment in full of all sums secured by this Security Instrument, Lender "I prcyMgtfy refund to Borrower
<br />any Funds held by Lender. If Oder paragraph 19 the Property is sold or acquired by Under. TLen*r 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. time of
<br />applk&Vdn as a credit against the sums secured by this Security Instrument.
<br />. 3. AppUcatke of Paymeab. Unless applicable law provides otherwise, all payments remiyed by Lender under
<br />Panigr"hs i and 2 shall be applied: first, to late charges due under the Note; second, to prepayment charges due under the
<br />Note; third, to amounts payable under paragraph 2; fourth. to interest due; and last, to primipal due.
<br />4 ClarM Imo. Borrower shall pay all taxes. assessments, charges, fines, 4nd 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. or if not paid in that manner, Borrower shall
<br />-.Ixy them on time directly to the person owed Payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid.under this Paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish to Lender
<br />receipts Oldencing the payments.
<br />'.: Weems ps"Ispiiy disc
<br />agrees in writing to the ° lien which hai priority over this Security Instrument unless Borrower: (a)
<br />g payment of the obliltatim secured by the lien in a manner acceptable to 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 Gen to this Security Instrument. Ll' 1:=der determines that any part of
<br />the Property is subject to a lien which may attain priority over this Security Instrument,. Leader- may give Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br />Of the giving of notice.
<br />S. Harari Iuipara ce. Borrower shall keep the improvements now exisiing or hereafter erected on the-Property
<br />insured *pint loss by fire, hazards included within the term "extended coverage" and any other hazards for wh'icii Lender
<br />:CN. )n - Insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The
<br />nq'urnce carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be .
<br />unreasonably withheld.
<br />:.r,; All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br />Lender shall have the right to hold the policies and renewals. If Lender requires, Boirdwa shall promptly give to Lender
<br />all receipts of paid premiums and renewal notices. in the event of loss, Borrower shall "Save prompt notice to the insurance
<br />carrier and Lender. Lender may make proof of loss if not made promptly by Borrower..
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair
<br />the Property damaged, if the restoration or repair is economically feasible and Lettdix's security is not lessened. If the
<br />restoratioa:ar~ repair is not economically feasible or Lender's security would be lessened,.. the insurance proceeds shall be
<br />APplred,x4s WC sums secured by this Security Instrument. whether or not then due;:,wi#lit any excess paid to Btyrmwer. If
<br />D[Wr'owir, abandons the Property, or does not answer within 30 days a notice from. Lender that the insurance carrier has
<br />ofiered to settle a claim, then Lender may collect the insurance proceeds. Lender 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 30-day period will begin
<br />when the notice is given.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or cliaje the amount of the payments. If
<br />hot�� graph 1 the Property is acquired by Lender. Borrower's right to any insurance policies and proceeds resulting
<br />d Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security
<br />Instrument immediately prior to the acquisition.
<br />C Presmsti0n aced Malateasace of Property+ Lemebddis. Borrower shall notdestroy, damage or substantially
<br />change thine Property, allow the Property to deteriorate or commit waste. If this Security Instrument is on a leasehold,
<br />Borrower shall comply with the provisions of the lease, and if Borrower acquires fee title to the Property, the leasehold and
<br />fee title shall not merge unless Lender agrees to the merger in writing.
<br />7, Protisetioa of bender's R is is tk gage lasaraace. if Borrower fails to perform the
<br />iIA Property; 1�lort
<br />Covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly affect
<br />lender's rights in the Property (such as a proceeding in bankruptcy, probate. for condemnation or to enforce laves or
<br />regulations), then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights
<br />in the Property. Lenders actions may include paying any sums secured by a lien which has priority over this Security
<br />Instrument. appearing in court, paying reasonable attorneys' fees and entering on the Property to make repairs. A Ithough
<br />Lender may take action under this paragraph 7. Lender does not have to do so.
<br />Any amount %disbursed by Lender under this paragraph 7 shall become ad.:ttional debt of linrmaer secured by IN%
<br />Security instrument Unless Borrower and Lender agree to other terms of payment, theme antt+unts shell tsar ; ;tcrr.t ft�iri
<br />the date of disbud- .cment at the Note rate and shall be payable. with interest. item ncrtnc frnm ! enJrr t� Baru om
<br />requesting payment
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