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UNIFMN COVENANTS. Borrower and Lender covenant and agree as follows: 89-°103335 I. Payment of PHstelpal sand itsur PraNaytwat acrd Late CberM Borrower shall promptly pay when due the principal of and interest oat the debt evidenced by the Note and any prepayment and late charges due under the Note. 2. Flooda tar Taaea mW laaarmL Snbjer to apph able law or tam written waiver by Lender, Borrower shall pay to !.coder on the day monthly payments are due under the Note. until the Note is paid in full. a sum ( "Funds ") equal to C11110-1100M IN of (a) yearly Um and its which may attain priority over this Security instrument; (b) yearly leasehold paywsssits ear patrad rents on the Property. if any; (c) yearly bazard insurance premimm and (d) yearly aaoridtt/a iasitratloe prwiwaa. if say. These iMm are plied ••esc m items." Lander may estimate the Funds due on the beela ofoatreme dataand nasorsahkeatiacasesoflrtrec eaet+awitems. The Funds shall be MM im as institution the deposits or accodu4ts o(which ire insured or gusnotoW by a fedwdor dealt sSaw) (inclrtft Leattkr if Lader A such as intltitutioa). Letnder sliis6l y 11hG Firildla to Ibwy. tAte llCrOw itacphos. I.swdsr ► real cM�rloc Air ltoldiwg sad M '46 the Misda, analWARC tfire it=W or verif)rirag the lWWO hennas d9 AM i�lllc papa 1lowxe�ttr irthatea$: oa the and app k abk Mw jai gift LAittkr to matte such a cirrBtr. Borrowsr and Lasteier ttMty its Met interest shall be paid on the Fwtls. Unless an agreement a made or appMeabie law ttt�aitiea istMrrtak tar tie p� shall not be required to pay Borrower any interest or earnings on the Funds. )ZRtider tthall give to Borrower, without charge. an annual accounting of the Funds showing credits and debits to the Funds and the I -IF C for which each debit to the Funds was trade. The Funds are pledged as additional security for the suns s cured by this Security laatrtnnent. If the amount of the Funds held by Lender. together with the future monthly payments of Funds poyabk prior to The dtte dales of the escrow iteew shall exceed the amount required to pay the escrow items when dm the exam slap be, At BosraWWI option. either promptly repaid to Borrower or credited to Borrower on monthly payments of FurAL if the asttwmit of the Fw k hold by Leader is not sulkient to pay the escrow items when due, Borrower shalt pay to Lender any asaanat ntansery to make up the deficiency to one or more payments as required by Lender. Uport payawatt in full of all sums secured by this Security Instrument. Lender shall promptly refund to Borrower arty Funds bold by Lender. If under paragraph 19 the Property is sold or acquired by Leader. Lender shall apply. no later than immediately prior to the ask of the Property or its acquisition by Lender, any Funds held by Lender at the time of applicatim as a credit agaiad the sums secured by this Security instrument. & ApaiioWen tKPfaymaala. Unless applicable law provides otherwise. all payments received by Lander under paragraphs I and 2 shalt be applied: Ant. to late charges due under the Note; second, to prepayment charges due under the Notes third, to amounts payable under paragraph 2; fourth, to interest due; and last. to principal due. 4. tlarM I3ar. Borrower shall pay aU taxes. assaaments. charges. Am and impositions attributable to the Property which tray attain priorky, over this Security Instrument, and knehold payments or ground rents, if any. Borrower shall pay these otbiipNone in the manner provided in paragraph 2, or if not paid in that mariner. Borrower shall pay Huai on time dimly to the; , in owed payment. Borrower shall promptly furnish to Lender all notices of amatints to be paid under this nnwadL If Burraatlr makes these eMy wow fiAirpetty. n�.r"."ff !*.at — :i. rz --L :o'., —. receipts evideicimg tin papatetits. Borrower shall promptly discharge any lien which foal priority over this Security Instrument umias Borrows: (p) apeeiin wt IMS to the payment of the obligation secured by the tiro in a mnaaaetacceriteble to Lends, (t) mvv..t--- in faith the lien by. or defaids against enforcement of the lien ilea. IeW proceedings which in the Lender's a+phiion operate to pr+rvent the enforcement of the lien or forfeiture of any pan of the Property: or (c) secures lean the holder of the I* , an agreement satisihatory to Lender subordinating the lien to this Seen ty Irstrument. If Lander determine* that any pxirosif the Property is t to a lim which may attain priority over this Security Instrument; Lander may give Borrower a notice identifying Bonvwer shall satisfy the lien or take one or more Of the actions set forth above within 10 days of the givingofnotice. S. Hamsrf Insuraaee. Borrower shall keep the impeoveracttts now existing or hereafter erected on one Property insured against lose by Are, hazards included within the term "extended coverage•' and any other hazards for which Leader requires insurance. This insurance shall be maintained in the &hunts and for the periods that Lender requirei -The inewraace carrier providing the insurance shall be chosen by Borrower +trbjoce to Lender's approval which shall not be tauiansarably withheld. All insurance policies and renewals shall be Accept" to L,erider and shall inciulre a standard mortgage abuse Leader stall have the right to hold the policies and renewals. If E mda sequins, Borrower shall promptly give to Lecturer all receivb of Paid preWums and renewJd notices. In the event of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may snake proof of loss if not made promptly by Borrower. Unless Lander and Borrower otherwise agree in writing, insurance 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 reslorstiaa or repair is not economically feaaibk or Lender's security would be lessened. the insurance proceeds shall be applied to the suns secured by this Security instrument, whether or not then due, with any excess paid to Borrower. if Borrower abandon the Property, or does not answer within 30 days a notice from Lender that the insurance carrier has m 0 1 fl to settle a claim, than Lerida may collect the ins isocie proceeds. Lender may use the proceeds to repair or restore the Property or to pay sums secured by this Security Instrument, whether or not then due. The 30-day period will begin when the notice is given. Unless Lander and Borrower otherwise acne in writing. any application of proceeds to principal shall not extend or postpone the due date of the monthly payments referred to in paragraphs i and 2 or change the amount of the payments. if under paragraph 19 the Property is acquired by Lender. Borrowers right to any insurance policies and proceeds resulting from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security Instrument immediately prior to the acquisition. ti. Preaed�raniaa snarl Malwtdaaaee of Preeeey; IwaaeboMr.. Borrower shall not destroy. damage or substantially change the Property, iiTia+er t3ae Property to deteriorate or comrniG�.w�asxr.. U IMS Security Instrument #.on a teasomM, BoerCartx.dtail',camply with the provisions of the ease, No if Borrrmmtrea aceltrsrdr ffle title to stns Propettp� tftrtr ipiseTaold Arid fettitlieahall oni_itnerge unless Lender agrees to the merger lit mwrihirrgd T. hrNrinlest of Lea W* f WW- IS the Prolndtrty; Mortpde Lwrawe. If Rarrower fails to perform, the covenants and a*pwments contained in this Security Instrument, or there is a legal proceeding that may significantly infect Lender's rights in the Property (such ea a proceeding in bankruptcy. probsv> , for condemnation or to enforce laws or regulations), then Lender may do and prey for whatever is necessary to protect the value of the Property and Lender's rights in The Properly. Lender's actions may include paying any sums secured by a lien which has pnority over this Security inpruaurit. spearing in court, paying reasonable attorneys' fees and entering on the Property to make repairs. Although Lender may take action under this paragraph 7. Lender does not have to do so. Any amounts disbumed by Lender under this paragraphs 7 shali become additions debt of Borrower secured by this Security Instrument Unless Borrower and Lender agree to other terms of payment. these amounts shall bar interest from the date of disbursement at the Note rate and shall use payable. with interest, upon notice from Lender to Mirmwer requesting payment