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UNIFORM COVENANTS Borrower and lender covenant and agree as follows: 89---- 103370 1. Psytttaat of Ptiodpl aged laettrwt•, Prspywaat anal Lett 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 Note. 2. Flush tar Taxw ead laanraaet, Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly paytnienta are due under the Note. until the Note is paid in full, a sum ( "Funds ") cqusl to one•tweMh of- (a) yearly taxes and anesstnents which may attain priority over this Security Instrument; (b) yearly isaasi A I payments or ground rents on the Property, if any; (c) yearly hazard insurance premium%- and (d) yearly mor%W iaurance premium if any. These items are called "escrow items." Lender may estimate the Funds due on the basis ofeurant data and reasonable estimates of future escrow items, The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or state apacy (including lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items. Leader may not charge for holding and applying the Funds. analyzing the account or verifying the escrow items„ unless Lander pays Borrower interest on the funds and applicable law permits lender to make such a charge. Borrrnwa and Lander may SSW in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law rttgwkes interest to be paid. tender shall not be required to pay Borrower any interest or earnings on the Funds. Lender shall give to Borrower. without charge. an annual accounting of the Funds showing credits and debits to the Funds and the Purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by this Security Instrument. If the amount of the Funds held by Lender. together with the future monthly payments of Funds payable prior. to the date data of the escrow items, shall exceed the amount required to pay the escrow items when due, the excess shall be. at Borrower's option. either prwmprtly repaid to Borrower or credited to Borrower on monthly payments of Funds. If'the amount of fhb Funds held by.Lrrid s is not suillcient to pay the escrow items when due. Borrower shall pay to Lender any amount necessary to make up the deficiency in one or more payments as required by lender. Upon pay.nmut in full of, A sums secured by this Security Inst mment, Lender shall promptly refund to Borrower any Funds held by, Lender. It under paragraph 19 the Property is soil or acquired by Lender, lender shall apply. no later thawimedadisitdy prior to the sane of the Property or its acquisition by Lender, any Funds held: by Lender at the time of aapplip tWn as a credit against the sums secured by this Security Instrument. S. Allogation of Payments. Unkst applicable law provides otherwise. all payments received by Lender under paragraphs I and 2 sW be applied: Ant, to late charges due under the Note; second, to prepayment charges due under the Note; third, to amounts payable under paragraph 2; fourth, to interest due-, and last. to principal due. 4. C%arW L iML Burrower shall pay all taxm assessments, charges, Ana and impositions atutbutable to the Prnpez Y which may attain. priority. over thiis Security Instrument, and leawhold payments or grourtcf reacts, if any. Borrower shall pay these obliptiosq in the manner provided in paragraph 2, or if not paid in that manner. Borrower shall pay than on time directly to the person owed payment. Borrower shah promptly furnish to fseoiler all notices of amintnts* to be paid under this paragraph. If Borrower makes these paymaats directly. Borrower shall promptly furnish to Lend ler reeeiptsevideaciattthe roymmtr. - Borrower atsli promptly dicharp any lien whirls has prWnty over this Security Instrument unkss Borrower: (a) agraeit in writing to the payment of the obiiigatWn secured by the biro in a manner acceptable to Lender; (b) contests in good fiN ti.s 16-4. v yi = t0.�.r...,.... �' aria in, Legal anaw'.w.a�aap witi{;l'1 in laic i.ctidci's upiiiiCrYl ir�eitiia t0 .. he , o? dd.- -45 r" wa.wvrarsa.,aa the l� prevent the enforcement of the lien or forfeiture of any part of the Propaty; or (c) secures from the holder of the lien an apetemeet satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of the Property is subject to a lien. which may attain priority over this Security Instrument. Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of notice. S. How* Woras ee. Borrower shall keep the improvettmianow existing or henuf er erected on the Property iasrred apinst Im by fire, hazels included within the tern "exticade d coverage•' and any other hazards Eat which Lender rupaha insurance. This insurance shall be maintained is the amounts and for the periods that leeacler requires. The is asinsnce carrier pmviding the insurance shall be cho win, by Borrower subject to Lender's approval wkkh shall not be taareeaaonaMy withheld. All iawrance policies and renewals shall be acceptable to Lender and shall include a scsndard mortgage clause. Calder dhafl have the right to bold the policies and renewals. If Lender requires, Borrower shall promptl* give to Lender all receipts of paid prermiunt s and renewal notices. In the event of loss. Borrower shall give prompt notice to the insurance carrier and Lender. Lender mtay make proof of lots if not made promptly by Borrower. Unless Leader and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property dusaagted: if the restoration or repair is economically fessible and Lender's swunty is not lessened. If the rrstorstioe or repair is not economically feasible or Lenders security would be lessened, the insurance proceeds shall be applied to the wens secured by this Security Instnn nm4 whether or not then due. with any excess paid to Borrower. If Borower abandons the Property, or does not answer wi?fhin 30 days a notice from Lender that the insurance carrier has effe+ed to settle a claim. then !.ender may collect the insurance proceeds. Lender may use the proceeds to repair or restore the Property or to pay sums secureed by this Security instrument, whether or not then due. The 304ay period will begin when the notice is given. Unless Laden and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or postpone the dare date of the monthly payments referred tom paragraphs 1 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 f. Metes "thee and Maul mere of Ptroperp, L meeboi&. Borrower shall not destroy, damage or substantially change the Property. allow the Property to deteriorate or commit waste. If this Security Instrument is on a kawhold, Borrower shall comply with the proviu ms of the lease. and if Borrower acquires fee title to the Property. the leasehold and lac title shall not merge unless Lender agrees to the merger in writing. 7. ltalait at l.esdn's Wow is the Property; Martpv Iawrance. If Borrower fails to perform the aovemasntsand agreements c mitained 1n this Security Instrument. or there is a legal proceeding that may significantly affect Lender's right* to the Property (:such as a proceeding in bankruptcy. probate, for condemnation or to enforce laws or rrgtdation ). then Lender may doand pay for whatever is necessary to proted the value of the Property and Lender's nghts is the Property Lender's actions may include paying any sums secured by a lien which has priority over this Security laslmmn ar. appearing in court. paying reasonable attorneys' fen and entering on the Property to make repairs Although Lewder may take actux1 unskr 1111% paragraph 7. Lender does not have to do .t+ Any anuxinta di9xirsed by Uentder under this paragraph 7 shall become additional debt of Ronower secured by this aunt fwaeru�rpt llnlwa�c, �•rrt+rer �R;.t ..�� c .y Ix...: r ay: � so r:r:icr r,rnrs 'yaji.Fii . rt'iEic afirf�Unr: sliest! Fear InrEiier fi(iTl the date of disbursement at the Note rate and shall tt pavable. with miere�.l, ulurn notice fnnn Vender to tkirrower requMing payment w. ..f