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8g-mlQ3333 UNIFMINI COVENANTS. Borrower and Lender covenant and agree as follows: 1. Paym m of Principal and interact; Prepsytateat car Late Charges. Borrower shall promptly pay when due the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Mote. 2. Fasia for If"ea u d lesaraset. Subject to applicable law or to a written waiver by lender. Borrowerrshall pay to Leader on the day monthly payments are due under the Note, until the Note is paid in full. a sum ("Funds'.') Ovum to oae- twelfth of: (a) yearly taxes and assessments which may attain priority over this Security tnar ousel; (b) yearly laasehpld payments or pound remts on the Property. if any; (c) yearly hazard insurance premiums; and (d) yearly wmtgaga isnsurance premiums, if any. These items are called "escrow ittetns." lender may estimate the Fwidst due on the basisofewrtemt data and raasoW* ea imateaaf future escrow item. The Funds shall be held iq an instituticea the deposits es sycz mnts of which ate insured or guaranteed by a federal or Male adsncy (including. Fendow . if Leander is awl an institution). LR, %r shah ippIy the Funds to pay, the esco ocir kasa. Lewdsr stay not charge lbot Barg amd applying the FWWn , analysing the acimmt or verifying the escrow itsm aim hander pays Borrower interest ern the Funds and applic" law pern'aaits lender to nuke such a ciiatye. Aostoeret and Larder may apex in writing that interest shall be paid on the Funds. Unless an agreement is made of appal " laws : ragair+as isterat to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. LettdW f `• clean give to Borrower. without charge, an annual accounting of the Funds showing credits and debits to the Fads, and then . purpose for which each debit to, the Funds was made. The Funds are pledged as additional security for the:tralts secured by slwsaeurity lewrtnsliant. If the amount of the Funds held by lender. together with the future monthly payments of Funds payable prior to the due data of the escrow tttexmt, shall exceed the amount required to pay the escrow items when due, the execs shall be, at Doormwer's option, d itfseir promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the atmornattv(doe Funds heel by L order is not sufficient to pay the escrow items when due. Borrower sbdl pay to Lender any amount ueowsary to snake up the deficiency in one or more payments as required by li,esder. Upon paynmmi in Poll of all sums secured by this Security Instrue;ent.Jender shall promptly refund to borrower any Funds held by la -nder. If under paragraph 19 the Property is sold car acquired by lender. Lender shag apply, no later : than immediately prior to the sale of the Property or its acquisitiom by, lender. any Funds tech by Lander at the time of applioasti v as a credit against ft sums secured by this Security Instrument. Appi woos, cK. Psymeab. Unless applicable saw provides otherwise. all paymea:IIS received by Ladder under patsgrq* t vW 2 shall be applied: first, to late charges due under the Note; second. to Pmpaynteast charges due under the NOW tlsdttL toasna vents poo)*4e under parsgraph 2. fourth. to mterest &a; and last. to principal due. i. Charps; L3nnu. So news shall pay ail taxes. asvmmeants'. charges, Ana and impositions attributable to the r . Property which may attain priority. over this Security Instrument. and leasehold payments or ground rants. if any. Bottomer shall pay these obtigatkwa in the manner provided in paragraph 2. or if not paid in that manner. Borrower shag pay them on time directly to the person owed payment. Borrower shall promptly furnish to lender all notices of amounts to be paid under this paragraph. If Borrower stakes these payments directly, Borrower shall promptly furnish to Lender mcei a evidencinst the payments. _ - Borrower "I yraemptly discharge any fiat which has priority over this Security Instrument unlow Borrower: (a) - _- a coon in writing to the paymot of the obligation secured by the lien in a mamma acceptable to Lender; (b) contests in good fakh the lien by. or def ads agent enforcement of the lien in, legal proceeding which in the Lender's opinion operate to pr+erest the enforcement of the lien or forfeiture of any part of the PiugeraY; or € av-- -V= fr..,:: flaw holdc of C9640 1;::: An ape, 1 -- satisfactory to Lander subordinating the lien to this Security Instrument. If lender determines that any part of the Property is subject to alien which may attain priority over this Security Instrument. Lender may give Borrower a notice idatifyinj the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days - of the giv*of notice. S. Hood Inv ranee. Borrower shall keep the improvements now existing or hereafter erected on the Property isaured spasstt loss by Are, hazards included within the term "extended coverage" and any other hazards for which Lender requires Owmarnce. This insurance shaU be maintained in the amounts and for the periods that Lender requires. The itworanee carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be unruasmnably withheld. ,U inunrance policies and renewals shall be acceptable to lender and shall include a standard mortgage clause. �— I�etnder aMN have the right to hold the policies and renewals. If Lender requires, Borrower shall promptly give to Lander all receipts of paid premiums and renewal notices. In the event of loss. Borrower shall give prompt notice to the insurance cannier and Lander. Lender may nuke proof of loss if nod trade pronWly by Borrower. Un1aa Larder and Borrower otherwise agree in writing. iasdunuwe proceeds shall be applied to restoration or repair of the Property damaged. if the restoration or repair is economically feasible and Lender's security is not lessened. If the restoration or repair is not economically feasible or Lender's security would be lessened, the imurar= proceeds shall be applied to the sumo secued by this Security Instrumen4 whether or not then due, with any excess. paid to Borrower. U Mr+owes abandons the Property. or does not answer within 30 days a notice from Lender that the insurance carrier has oft esA to settle a clainn, then Lender may collet the insurance proceeds. Lender may use the proceeds to repair or restore the Ptopexy or to pay sum secured by this Security Instrument, whether or not then dud. The 30-day period will begin when the notice is given. Unlae Lender and Sommer otherwise agree in writing. any application of proceeds to principal shall not extend or postpme the deedoe of the townthly payments referred to in paragraphs 1 and 2 of change the amount of the payments. If ttmder }atapmpit 19 the Property is acquired by Lender. Borrower's right to any insurance policies and lroceods resulting from damage to dw Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security Inanoment immediately prior to the acquisition. i, 1h es rre>fssiaa aid Maioteaanee of Propery, Leatelsolda.• ' Borrower shall not destroy. d smage or substantially ciratagrs: the Property. allow the Property to deteriorate or commit waste. if ayes Security Instrument is on a leaseiotd. Sommer shall cbtinply witbdbeprovisions of the liew.and.if Borra*tr acquires fee title to the Property. the leasehold! artd fie title shall not rrur�rge unlaits I:dasder agrctw to tlhe ensr� +n writitltgi. � . 7. PrauraSsm of Latalsr's RiOU ho .the Pr vo*,. Maoetgage Innwraaee. if Borrower faits to perform,~ the covaanu and agreements corntained in this Security f w.rui ment, or there is a legal ptoccedtng that may signiAcantly affect Lender's rights in the Property (Much as a proceeding in bankruptcy. probate, for condemnation or to enforce laws or regalationu), then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's tights a -- in the Property. gender's actions may include paying any sums secured by a lien which It" priority over this Security Iswrumeae, appeariag in court, paying reasonable attorneys' fees and entering on the Property to make repairs. Although _ I. endeY may take action under this paragraph 7. Lender does not have to do so. _ Any amounts disbursed by Lenny under this paragraph 7 shall become additional debt of Borrower secured by this r_ . S±rar!ty 1!"mu!m -m. Url"s Borrower and Londe* 3ree to O!er terms of payment. th- e amounts sAtsii hear interest trom ■ AM The date of doWrsement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower �. raopes "19 faYINIC"t '