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1 gge. 103419 UNIFORM COVENANTS Borrower and Lender covenant and agree its follows: 1. Pastatsat of Priatcipal and isrctretat; Prepaywat avid late Charges. Borrower shall promptly pay when due the principal of and interest on the debt evidenced by the Nate and any prepayment and late charges due under the Nam g. ftttda for?sites artd Itaaratts. Subject to applicable law or to a written waiver by Lender, Borrower shaA pay to Lender on the day monthly payments are due under the Note. until the Note is paid in full, a sum ( "Funds ") equal to one -twsMh of: (a) yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly kmdwM payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly morgM insurance premiums. if any, These items me called "escrow items." Lender may estimate the Funds due on the basin of current data and nesonabe estimates of future escrow items. The Funds shall be held in an institution the deposits or accounts of which are insured or guartnteted by a federal or atoll ne acy (including Ltsader if Leader is such an institution). Lender shall apply the Funds to psy the escrow items. Lender try not charge for holding and applying the Funds, analyzing the account or verifying the endow items, unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Lttrtdsr may agree in writing that interest shall be paid on the Funds. Unless an agreement is made or appiictabld; law rsquir+es interest to be paid. Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender der dWV sine to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funs and the purpose for which each debit to the Fund9 was made. The Funds are pledged as additional security for the sums secured by this Security Itatrttinent. If the amount of the Funds held by Lender. together with the future monthly paymWts of Funds payable pridrtt to the due 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 promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the amount of the Funds held by Lender is not sufficient to pay the escrow items when due. Borrower shall pay to Lender any amount ascienary to make up the deficiency in one or more payments as required by Lender. Upon payment in full of all sums secured by this Security Instrument. Lender shall promptly refund to Donvwer any Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender. Lender shall apply. no later than immediately prior to the sale of the Property or its acquisition by Lender., any Funds held by Lender at the time of Application as a credit against the sums secured by this Security Instrument. 3. AppNead a of Pi ymeals. Unless applicable law provides otherwise, all payments received by Leader under paragraphs 1 and 2 shall be applied: first. to late charges duce under the Note; second, to prepayment charges due under the Note third. to amounts payable and ier paragraph 2; fourth, to interest due; and last. to prindptal due. 4. Charges; Ups. Borrower shall pay all taxes, sssiessments, charges, finds and imposition attributable to the Property which may attain priority.over this Security inistrument. and leasehold payments or grow d`. tents, if any. Borrower shall pay tbae obligation in the manner provided in paragraph 2. or if not paid in that manner. Borit6wer shall pay them on tune directly to the person owed payment. Borrower sWI promptly furnish to Lender all notices of attnoemts to be paid under this paragraph. If Borrower makes these payments directly. Borrower shall promptly furnish to Lerida iaaspaactii�im`a'ia� lac payaie iis. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) $gran m writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, (b) contests in good &I- th"lkn dry, ur defends against enforcement of the Tien in, idpi proceedings which in the Lender's opinion operate to pievatt the enforcement of the lien or forfeiture of any pan of the Property; or (c) secures from the holder of the lien an agreement 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 attai4 priority over this Security instrument. Lender crag give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set fon.h aibav c within 10 days of the giving of notice. S. Naaaret Imaraace. Borrower -shall keep the improvements now existing or hereaffitet<.ecected on the Propeny insured against bra by fire. hazards included within the term "extended coverage" and any other baixats for which Lender requires insurance. This insurance shall be maintained in the amounts and for the periods that under requires. The Insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval..,wrhich shall not be unreasonably withheld. All insurance policies and renewals shall be acceptable to Lender and shall include a standard nwrtgage clause. Leader shall grave the r ght to bold the policies and renewals. if Lender requires, Borrower shall proexpdy give to Lender 40 oweipts of paid premiums and renewal notices. Irk the event of low Borrower shall give prompt nenru. -.to the insurance CWriar and Leader. Loader tmay make proof of loss if am made promptly by Borrower. [ "ass, Lender anid'1Sorrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair Of the P1011ertr4amaged. if the restoration or repair is economi=Uy feasible and LendWs security is not lessened If the ratoratiat or- tspair is not economically feasible or Lender's security would be lesseneds the insurandac, proceeds shall be applied to the sums secured by this Security instrument, whether or not thin due. with any excess pad..io Borrower. If 90—ma aiaaaadons the Property. or does not answei 1"thin 30 days a notice from Lender that the inswance carrier has oiB a id to settle a claim. them Lender may;.ctxllect r.Ia insurance proceeds. Lender may use the proceeds to repair or restore the lrvperty yr to pay sate.: secured bf tfiis S uxlrc(?. lestrunxmt. whether or not then dr,q,- The 30-day period will! begin who the noomis given. Unless Lender and Borrower otherwise agree in writing. any application of proceeds to principal shall not extend or pdtstpoate the due date of the monthly payments referred to in paragraphs i and 2 or change the amount of the payments. If tinder paragraph 19 the Property is acquired by Lender. Borrower's 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 inatrumat immediately prior to the acquisition. i. rival V aasd Maiateaaaee off Prru fer8, [,eaaebo I& Borrower shall not destroy. damage or substantially cWuW the Property. allow the Property to deteriorate or commit waste if this Security Instrument is on a leasehold. Borrower shall comply with the l rovisiops of the lease. and if Borrower acquires fee title to the Property. the 1"Whol3 and fete title shall not merge unless Lender agrees to the merger in writing. 7. Froseetke of Leader's Rights in the Property; Mortgage lasansce. If Borrower fails to perform the covteants surd agreements contained in this Security instrument. or there is a legal proceeding that may significantly affect Leader's rights in the Property l+iuch as a proceeding in bankruptcy. probate. for condemnation or to enforce laws or rtgnlations). then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's nghts in the Property. Leender*% actions may include paying any sums secured by a her which has priority over this Security insernanent. appearing in court. paying reasonable attomeys' fees and entering on the Property to make repairs Although Lender may take action under this paragraph ?.Lender dew not have to do %o Any amounts drsbomed try Lender under ihts paragraph 7 shall become additional debt of Borrower secured by this Security lmtrumeni Unless Wrrower and Lender agree to other terms of mment. these amounts shall bear interest from the date of disbursement ai the \lore rate :end shall he piyahlr, wah indcrcct. alN)iv notice from Lender to Borrower tegtiestdng payment �4