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gg.. 103581 UNIFORM COVENANTS Borrower and Lender covenant and agree as follows: 1. Payaterst of Prlaelpol attd laterest; Prepayineat and late 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. t. Fatless fort Tack mW inim aace. Subject to applicable law or to a wnt.z( :rl waiver by Lender. Borrower shall pay to Under on the day monthly payments are due under the Note, until the NotN in paid in. full. a sum ( "Funds') equal to I one - twelfth or. (a) yearly taxes and assessments which may attain priority over thi :i Security Instrument; (b) yearly leaedtoid paynnnts or ground rents on the Property. if any; (c) yearly hazard insurance premiums. and (d) yearly atortgagg insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the basis ofeument data and reasonable estimataoffuture 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 agency (including Lender if Lender is such an institution). Leader shall apply the Funds to pay the escrow items. Lender may not charge for holding and applying the Funds. sartlysing the account or verifying the escrow items, unkss iender pays Borrower interest on the Funds and applicable law permits Lcndor to make such a charge. Borrower and Lender may agree in writing that interest shall be paid on the Funds. Unless an agreement is trade or applicable law requites interest to be paid, Lender shall not be required to pay Borrower any interest, or earnings on the Funds. Lender shall give to Borrower, without chute, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was trade. The Funds are pledged as additional security for the sums secured by this Security Instrument. If the amount of the Funds held by Leader, 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. 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 net suAirient to pay the e+crow items when due, Borrower shall pay to Lender any amount necessary to make up the deb - iency in one or vote paym�wfs as required by Leader. Upon p6yment lhm full of all sums secured by tiriss ffe:+cu tray Instrument. Lender shall promptly refund to Borrower any Funds held by LAndee. If under paragraph 19 the Frcver" is sold or acquired by Lender. Lender shall apply. no later than immediately prior to the sak of the Property or its acgsresi60n by Lender. any Funds held by Lender at the time of application as a credit apinst the sums secured by this Security Instrument. & Appl(eatlim of Payma4. Unless applicable law provides otherwise. all payments received by Lender under ps hs 1 and 2 shalt be applied: first. to late chuges due under the Note; second, to Prepayment charges due under the Nam to amounts payabk under paragraph 2; fourth. to interest due:; and last, to principal due. ;• C111111117t+M Uem Borrower shall pay all taxes. asaetasr merits. charges. fines and impositions attributable to the Property wlri h may attain prkmitq,Over this Security Instr want, and lewhokt payments or grourd.r=W.if any. Borrower slmR pay thtae obligations in the manner provided in piurograph 2, or if not paid in that mover. Bor wrr shag Pay them of dine directly to the person owed payment. Borrower shall promptly furnish to Lender all cortices of amounts to be paid under this paragraph. If Borrower makes thug payments directly; Borrower shall Promptly furnish to Lender receipts evidatcing the ptsy+xna>its. wnvwct attrtt }riawrt Y atscaewW any Brat wulcn Uri pn tity over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good faith the lien by. or defends against enforcement of the lien in, kpl proceedings which in the Lender's onininn wwriste to I»'c'—'M_ t4- enfs;.-r-- -tit O t2w Lien or forfeiture of any part 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 alien which may attain priority aw 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. Iiasarei Iawraaaedr,. Borrower shall key the Improvements now existing or hereafter erected on the Property h cared against less by fire, hrcrards included within. elite term -extended eovefW* and any other hazatdis for which Lender requires insurance. This insurance shall be maintained in the aat ounts and for the pe 6Ws that Leader requires. The insurance cattier providing the insurance shall be chosen by mower subject to Lender's approval which slaal not be unreasonably withheld. All insurance policies and renewals shall be acceptable to Lender and shall include a standard tnongsge clause. Lander shaft have the right to hold the policies and renewals. If Lender requires. Borrower shall promptly give to Lender aW receipts 044W premiums and raters! notices. In the event oriioss. Borrower shall live prompt notice to the imarance cattier and L e miler. Leader may nuke proof of loss if not made Promptly by Borrower. Unless Lender and Borrower otherwise agree in writing. insurance proceeds shall be applied to restoration or repair cf the Property damaged. if the restoration or repair is econonicaUy feasible and Lender's security is not lessened. If the r aw'Aratiat or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be it 96W to the sums secured by this Security instrument, whether or not then due. with any excess paid to Bormwer. If Borrower abatrdoens the Property, or does not answer within 30 days a notice from Lender that the insurance carrier has ofered to settle a claim. then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore tk Progeny ear to pay sums secured by this Security Instrument. whether or not then due. The XWsy period will begin whets the Mice is givers. Unless Under and Borrower otherwise agree 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. 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 Instrument immediateiy prior to the acquisition. d' Ptaerestba aced Maiatesuee of Rope ; Lesseloids. 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 leasehold, Lormwer shall dimply with the provisions of the lease. and if Borrower acquires fee title to the Property, the lessehold and fee title shall not merge tinl,%" Lm-der RVxs to the .. in writing. 7. ProtaeHot of Leader's Rigrts is the Property. Mortgage Insurance. if Borrower falls to perform the eovcrAnts and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly affect Lender's rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws or rettulatsons), then bender may do and pay for whatever is necessary to protect the value of tl,e Property and lender's rights in the Property Lender's actions may include paying any sums secured by a lien which has priority over this Security Instrument, appearing in court. paying reasonable attorneys' fees and entering on the Property to make repairs Although Lender may take action under this paragraph 7. 1 ender does not have to do sea Any amounts disbursed by Lander under this paragraph v shall become additional debt of Hot i(we•r secured by this Security Instrument tWets Wntower snit Lender agree to other terms of payinwent. there gmrnmi— <hall hear sri!ere+,t frc•rn the; date of disbursement at the Note rate and shall he paynate. with eriterem rzp.,n noti.s fn =m I ctider to NwroAcr requesting payment K t i