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UNIF't1RM Cti UNAN I'S Borrower and !.ender covenant anti agree as follows' 1. payment of Principal Sal Interest; Prepayment and late Charges. t3orr0w•cr shill promptly pay when du•: the principal of mild interest on the debt evidenced by the Note and any prepayment and late charges due under the Note. 2. Fnaitit for Taxes Sal linwame• Subject to applicable law or too written wailer by Lender. Borrower shall p ly to lender on the day monthly payments are due under the Note, until the Note is paid in Rill, a sum ( "Funds ") equal to to of: (a? yearly taxes and tsor ents which may attain priority over the} Security Instrtinieat; (b) yearly leasehold payment! of ground rents on he Property. if any: (C) yearly hazard insurance premiums: and (d) yearly mortgage insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the basis orcurrent data and reasonable estimates of future esc tx a The Funds shall be held in an institution the depose r accounts of which are insured or guaranteed by a federal or stale agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items. Lender may not charge for holding and Applying the Funds, analyzing the account or verifying the escrow items, unless Lender pays BoffOwer interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Cruder may agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law requires interest to be paid. Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender and the shall give tawBhorrrhoweaacitdebit to the Funds was made. The Fundc are pledged as additional security or the ms secured by by rte• this S�ecuriiy Instrument. If the amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to the due dates of the escrow items, shall exceed the amount required to pay the escrow items when due. the excess shall be. ments ofFunds. If the at Borrower's option. either promptly repaid to Borrower or the to �� hsn due. Borrowpa) hall pay to Lender any amount of the Funds held by Lender is not sufficient to pay sttnount tiaxssary to make up the deficiency in one or more payments as required by Lend. Upon payment in full of all sums secured by this Security, Iostcumeat. Lender set irlt promptly refund to Harrower any Funds held by Lender. if under paragraph 19 the Property is sold or acquired by 1. hider. Lender shall apply, no later than immediately prior to the sale of the Property or its acquisition by Leader. any Finds held by Lender at tStL time of application as a credit against the sums secured by this Security Instrument. 3.ipstloa of paytaeab. Unless applicable law provides otherwise. all payments received by Lender under paragraphs 1 and 2 shall be applied: first, 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. ChW9W [.kart. Borrower shall pay all taxes. assessments, charges, fines and impositions attributable to the Property which may attain priority over this Security Instrument, h � ur if nlot paid in that manner, Borrower hall Borrower shall pay lbec tobligations in the manner provided in cr paragraph tl furnish to Lender all notices of amounts pay them on time directh-to the person owed payment. Borrower shall promptly to be paid under this pax I>h• if Borrower makes these payments directly. Borrower shall promptly furnish tea Lender receipts evidencing the pt4ytr MI.A. . Shall py�`.;y. di...b,.r.,..nv Neil which has priority over this Security instrument unless Borrower: s; agrees in writing to the. payment of the obligatiiin secured by the lien in a manner acceptable to i ender; toy cti'tiilai9 itlt iii ._r a....' �t enfnrcrtnent of the lien in, legal proceedings which in the Lender's opinion operate to taint tae itch by. o:.+� ■�•�� prevent the enforcement of the li�cn or forfeiture of any part of the Property; or (c) secures from idle hol dcr of the ten An agreement satisfactory to Lender subordinating the lien to this Security Instrument Lt tender determines that Bacnirroweroa The Property is subject to a lien which may attain priority over his. Security lij%ly.0 tn'nt. Lender may give notice identifying the lien. Bormwer shall satisfy the lien or take one or mcireofihe actions set forth above within 10 days of the giving of notice. S Hartard lswnaee. Borrower shall leap the improvements now existing eta hereafter erected on the Property insured against loss by fire. hazards included within the terns' +extended coverage" atz+.t arty cx �lhsat aLcnder ruires requires insurance. This insurance shall be maintained itt ihts amounts and for the periods insurance carrier providing the insuranct shalt tv chosen by Borrower subject to Lender's appmval which shall not be unreasonably withheld. All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause: . Lender shall have the right to hold the policies and renewals. if Lender requires. Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. In the cv rat. of loss, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of irises if not macitr prgtetptay. by Borrower. Unless. Lender and Borrower otherwise agree in wntittg;: ►rsurance proceeds shall he applied to restoration or repair of the Property damaged. if the restoration or repair is ecintottxicaily feasible and Lender's security is not lessened. If the restoration or repair is not econom"lly feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due. with any excess paid to Borrower. If Borrower abandons the Property. or does not answer within 30 days a notice from Lender that the insurance carrier has thePr to settle o to pay sums secured by thislSecurity Instrumeproceeds. t thelr ordnot hen due. The 30-day y period will begin the Property Pay w tkt � a de tn. application of roceeds t� principal shall not extend or Unless lender and Borrower otherwise agree in writing, any app P 1? 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 14 the Property tacquired by Lender n hall�pass o Lrr►dertto the extent of the surms secured b yhrSrSecutrity from damage to the Property p Instrument immediately prior to the acquisition. Borrower shall not destroy. damage or substantially 6. Preamatka a M rtalatt"We of property: Lease Bo nd change the Property. allow the Pf�opercy to deteriorate or commit waste. If sfe Security instrument is e l a leasehold. Borrower shall comply with the provisions ofthe lease. and if Borrower acquires fee title ar the Pr�I+ert }. he leasehold and fee ,tic shall Rot nwiSc un"s Letterer sgif.:s tt3 tltt: r:ietger tee v. rnnng �! insurance. if Borrower lark to perfornt the T, p"AMiow of Leader's Rights lit the P'roptrty; . artgatle covenant%and agreements contained in his Security In- trumcrit. or there r. a legal pt4xccding that may significantly affect Lender'% rights in the Property (such as A proceeding in hankruptc)-. probate. for condtmnatum or tit enforce I,rt%% or regulattL +nS). hen I ender ma} do and pay for w hate%cr is necrs%ar) it, protect the %�Ilue (if the Property and Lender'% right% in the Property Lrndcr'% action% may Include paying any %utn% scoured h) ii lien t:hich ha% Pier'r'e► tier this S unty Instrument. apl+earing it, uuirt. paying remonaMe attnrncys' fees and entering -,III tic Property n- n!a ,r rcl'acir% Although !,ender tna) take merlin under t.tnder dtx�s rot ha%e todt.• %o Any and:: ants d: %hur%etS hr i.enctcr under th!% paragraph' %hali hco-711e .:tiJ:t!: n;l{ drht rtI li„rrr`�►t ! %cf urcil t thl% Secutrt� Il.Stri nirnt (. nliY.. 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