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VNiFA1tM COVENANTS 8ormwe► and Lord.* eoyenant and agree us fellows: `" 9— 1033545
<br />1. Ptnytaent of Principal gad lattrt+ttf Iirtpayttctnt and late Charges, ikirrower shall pumpily pay w lien dui•
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under t he Now
<br />L Fook for Taxos anti llaurtaace. Subject to applicable law or to a written waiver by i.cnolcr, M!ttas+rrt .Mill VNIF
<br />to Lender on the day monthly payinents art due un&r the "e, until the Note K maid in full, a sum ( "Funds') rtimil tit
<br />one-twelfth of: (a) yearly taxts and assessments which may attain priority over this Security Instrument; (h) youth?
<br />ieaseMkI payments or ground rents on the Property. if any; (c) yes.rly hazard insurance premiums; and (dl yearly
<br />mortgage insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the
<br />basis of currant data and reasonable 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 Lender is such an institution). Lender shall apply the Funds to pay the escrow items;.
<br />i.ender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow item%, unlev%
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to manse such a charge. Borrower and
<br />Lender may agree in writing that interest shall be paid on the Funds. Unlems an agreement is made or applicable law
<br />requires interest to be paid. Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />*wit give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />pmgx se for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by
<br />tbbsecurity 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, shallexceed 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 credited to Borrower on tn►x►thly payments of Funds. If the
<br />amount of the Funds held by Landes Is; not sufficient to pay the: escrow items when due.. Borrower shall pay to Lender any
<br />' amount to vsaaty to stake up the dekiit nCy in one or more puss wtmts as required by LoW dr_
<br />Upon payment in full of all sutras secured by this Sttrzia1t Instrument, Lendek i0ta41 promptly refund to Borrower
<br />gray Funds held by Lender. If under paragraph 19 the Prcp&4yc is sold or acquired by Lauder. Lender shall apply, no later
<br />gran imntetmtely prior io the sale of the Property or i,cs aoquisition by Lender, any f=unds held by Lender at the time of
<br />- applicatim us credit against the suers secured "is Somrity- fastrument.
<br />4. AppNeetlaa of Pasowat,.. Unless ap ti+i a law pvtviri es otherwise, aFr: puyrntents received by Lender under
<br />•yaragraphs I and 2 shall be applied :Itxstl to late ci apmdve uiz►&r the Notc•;aaconr3'l.to.prepayment charges due, under the
<br />Note; third, to amounts payable under pitsagraph --fir jrlh, to itbke�se%dtjg;1nd last, tc� principal due.
<br />4. Gmrgem I3erw. Borrow '441's jXI all taxes, rsa*WMktt.%, Chat , rwx and impositions attributable to the
<br />Property which may attain priority, o%er• this Security Instrument, AW .WasthO& Mments or ground rent% if any..
<br />Borrower shall pay these obligations in the manner provided in paragraph 2. or if not
<br />paid in that manner. Borrower shall
<br />i pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amount,
<br />so
<br />to be paid under this paragraph. If Borrower makes these payments directly. Borrower shall promptly furnish to lender
<br />receintsevidencinx the payinents..
<br />_ Borrower shall promptly diiLlixrge any lien which has priority over this Security Ihstturnefit unfeu Borrower'.
<br />agrees in writing to the payment of the obligation 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 />pfeve t the r.:..,......:rt of the !;-.I of f_ f6t._re of any Mrs of the NrnFrty: or (c1 secures from the holder of the lien an
<br />► agreement satisfactory to lender subordinating the lien to this Security instrument. If Lender determines that any part of
<br />the Property is subject to a lien which may attain priority over this Security In %trument, Lender 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 la days
<br />of the giving of notice.
<br />S. Haawd Iarmsece. Bot> wer shall keep the imprclventents now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the term extended coverage" and any other hazards for which Lender
<br />requites insurance. This insurancee shall be maintained in tote- amounts and for the periods that Lender requires. The
<br />insurance carrier providing the insurance shall be chosen by %wrower subject to Lender's approval which shall not be
<br />unrrssomably withheld.
<br />All insurance policies and renewals shall be acceptable to Lender oud shall•irmiude a standard mortgage clause.
<br />Lender shall have the right to hold the policies and renewals. If Lender }gala ices. Borrower shall promptly give to Lender
<br />all receipts, of paid premiums and renewal notices. In the event of loss. Bo4rtewer shal(gi+e prompt notice to the insurance
<br />' carrier and Lender. Lender may makeproof of loss if not madapromptly by Borrower. :.
<br />i Unless Lender and Borroaerotherwise agree to writing. iiisurano,practi; sbulltie applied to restoration or repair
<br />the Property damaged. if the restoration or repair is ecottiisitically feasiblo and Lriider's security is not lrswencsi. If the
<br />restoration or repair is not economically feasible or Lender's security wOAI14.-be lessened, the insurance proceeds shall be
<br />applied to the sum secured by this Security Instrument. wife her or not then dux, with any excess paid to Borrower. if
<br />: Borrower abandons the Properly, or does not answer within.30 days a notice from Lender that the insurance carrier has
<br />offered to settle a claim, then Lender may collect the insurance tr
<br />proceeds. Lender may use the proceeds ro repa.ir.ear restore
<br />the ProVerty or to pay sums secured by this Security Inttrutnent. whether or not then due. The 34dak ptrio d will begin
<br />whets the trance is gisen.
<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 I and 2 or change the amount of the payments. If
<br />under paragraph 19 the Property is acquired by Lender. Borrowers right to any insurance policies and proceeds resulting
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this: Security
<br />Instrument immediately pnor to the acquisition,
<br />6. Prtserratti m gad lfaiatewaare of Property: ltawb*Ms. Borrower shall net destroy. damage or substantially
<br />change the Property, allow the Property to deteriorate or commit waste If this Security Instrument is on a leasehold.
<br />Borrower shall comply with the ptot lions of the leas. and if Borrower acquires fee title to the Property, the leasehold and
<br />fee title shall trot merge unless Lender agrees to the merger in writing.
<br />T. Proftetk1 of Leader's !nights in the Property. �iortgy W Iwsarance. If Borrower fails to perform the
<br />cotenants and agteernenss contained in thi%Security instrument. or there ►s a tegA proceeding that snag signifi :antsy affect
<br />Ltndtt's rights in the Property (such as a rroceedutg in bankruptcy. prob3.te. for condemnation tir t,, enforce law-, or
<br />replattomL then 1_snder may do and pay for whatt%tr is neressary (A+ rrr,,iat the salueof the Pr,1p`ny .,rid I ender% rtch1%
<br />in the Prore•rty. Lender'-. eciu-nit may rn :lude raying any sums secured by a lien which hats pri: rity finer this se:urit'.
<br />Inururnef►t. appearing in court. paying reaw able attrtne)s fee%and entcnng on the Proprrir to make refair. 1ith-. ugh
<br />Under may takeaciwni under tlitsrar igraph 7. Lender does not hype to do sc*
<br />Any atntwrtsdi4Nurstd r1y I ender udder thvi raragrar- li'shali lacer%.• adJitimial d0--! ,1f ure•J h. it!!,.
<br />SecLritl Ins►rurtsent t.'tilesi lk- rru%cra -0 l.enaerazrceto tither terrvw of r.tyrrerr. 01_111 hc.it i:.:c c.+ f:. r t
<br />the .'.ate 14 d +s#1 u4ernent :It the' `t ie ldic and 01311 M: rx ahle. wt'.h 1,114reit. ergs r attic t:.:•1 l o %16'r t.• li •t'• t�C�
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