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<br />UNIFORM COVI:NAN1S Borrower and Lender covenant and agree its follow%:
<br />1. Payment of Principal and Interests Prepayment and late Charges. Harrower %hull promptly pay when due
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and laic charge%due under the Nate.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by [ender, Borrower shall pay
<br />to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum ( "Funds ") equal In
<br />one-twelfth of (a) yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly
<br />leasehold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortgage insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the
<br />basis ef•current data and reasonable estimates of future escrow items.
<br />The Funds shall be held in an institution the deposits or account% 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 />Lender may not charge for holding and applying the Funds, analyzing the account or %erifying the escrow items, unless
<br />Lender pays Borrower interest on she Funds and applicable law permits Lender to make such a charge. Borrower and
<br />Lender may agree in writing that interest shall be paid on the Funds. Unless an agreement is nude or applicable law
<br />requires interest to be pwi d, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge. an annual accounting of ibe Funds showing credits and debits to the Funds, and the
<br />purpose for which each debit to the Funds was trade. The Funds are pledged m additional security for the sums secured by
<br />this Security Insttvmcm,
<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, shall exceed the amount required to pay the escrow items when due, the excess shall be,
<br />at Borrower's option, either promptly repaid to Borrower e%r.. redited to Borrower on ,monthly payments of R.nds. if the
<br />amount of the Funds held by Lender m not sufficient to pay the escrow items when due, Borrower shall pay to Le-nder any
<br />amocrit necessary to make up the deficiency in one or more payments as required by Lender.
<br />Upon paym4mr :•) full of all sums securer) by this Security Instrument, Lender shall promptly refund to Borrower
<br />any Funds held by I..eiiaer. If under paragraph 19 the Property is sold or acquired by Lender. Lender shall apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of
<br />application as a credit against the sum-: secured by this Security instrument.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs l and 2 shall be applied: first, to late charges due under the Note; second, to prepayment charges due under the
<br />Nate; third, to amounts payable sander paragraph 2; fourth, tcointerest due; and Ingo, to principal due
<br />4. ChMeq Uens. Borrower shall pay all taxes, assessments, charge*., fines and impositions attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any.
<br />Borrower shall pay these obligations in the manner provided in paragraph 2, or if not paid in that manner. Horrower shall
<br />pay them an time directly to the person owed payment. Borrower shall promptly furnish to Lender all notice% of amounts
<br />to be paid under this paragraph. If Burrower makes these payments directly. Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has pnonty over this Security Instrument unless lh►rrower- (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable ho Lender; 1 h) contest+ to good
<br />faith the lien by, or defends against enforcement of the hen in, legal proceedings which tit the Lender'% opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any part of the Property, or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the hen h► thi% Security Instrument. If Lender determmt.•s that any part of
<br />the Property is subject to a lien which may attain pnonty, over this %murtty litstrumeni, lender may give lit►rrower a
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set firth above within 10 days
<br />of the giving of notice.
<br />S. HumA lasurttutee. Borrower shall keep the Improvement% now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the term "extended coverage" and any (fiber hazards for which lender
<br />requires insurance. This insurance shall he maintained in the amounts and for the period% that Lender requires. The
<br />insurance carrier providing the insurance shall be chosen by Borrower suh)wt to Lender's approval which shall not he
<br />unreasonably withheld.
<br />All insurance policies and renewals shall he acceptable to Lender and shall include a standard mortgage clause.
<br />Lender shall have the right to hold the policies and renewals. If Lender requires, Borrower %hall promptly give to Lender
<br />all receipts of paid premiums and renewal notice-N. In the event of los%, Borrower %hall give prompt notice to the insurance
<br />carrier and Lender. Lender may make proof of loss if not made promptly by Harrower.
<br />Unless Lender and Borrower otherwise agree in writing. Insurance proxeeds %hall be applied to restoration or repair
<br />of the Property damaged, if the restoration or repair is economically feasible and Lender's security I,. not lassened. If the
<br />restoration or repair is not economically feasible or lender's security would for losened, the nnurance proxeed% %hall he
<br />applied to the sums secured by this Security Instrument, whether or not then due• with any exec%% paid to Borrower If
<br />Borrower abandons the Property, or does not answer within N►day%a notice from Lender that the Insurance carrier has
<br />offered to settle a claim, then Lender may collect the us%uruncc pror:ceol% l ender may use the proceed% to repair or rc%torc
<br />the Property or to pay %urns swurrd by this Security In%trument, whether or not then due I he 30 -day persixd will begin
<br />when the notice i% given
<br />Unless Lender and Borrower (itherwi%e agree in writing. in% application of proceed% to principal %hall not emend or
<br />postpone the due date (if the monthly payment% referred tom paragraphs 1 and 2 oar change the amount of the payment% If
<br />ondnr naraaranh tY oho Pr,tireny as n.•uuin.d by 1 etuler. Hnrratwer'% right m au% imurance rkilu•ir%and nrtweed% re%ultinu
<br />from damage to the Property prior to the acquisition shall pa %% to Lender to the extent of the sums %ecurad by this Security
<br />Instrument in►maaliately prior t(f the ucquisition
<br />6. Preservatloa and Maintenance of Propert) : Leaseholds. Itorrowcr %hall oat da%Iroy, damage fir sub%tanuully
<br />change the Property, allow the Pasant) to deteriorate or commit waste. If this Security Instrument t% flit a leawhoold.
<br />Borrower shall comply with the pro%imons of the lease. and if Borrower acqusros fee title to the Pr."rty, the Ieawhold and
<br />fee title shall not merge unless Lender agrees to ; he merger in tt rsting
<br />7. Protection or Lender's Rllthts in the Property; Mortilage Insurance. If Wirrower fails t.o ierfo ern the
<br />covenants and agreements contained m this Smartly Instrument. or there i% a legal prewcedmg that ma} -grA0!_ smth 'iffea
<br />Lender's rights in the Property isuch is a proceeding to bankruptcy, probate. (or ceno;ernratuat ,•t nt eritw-,:e lay.+. o,
<br />regulations). then Lender may do and pay for whatever I%nect%%ary t. erect the value . f t Ile Pro ert% .end I enact'% rcFk:r%
<br />in the Property 1 ender's action% Limy include paying any %urn% v+ ur.'%1 M% a hen %%hi.h ha+ rriorit..•«•r ncg% tic, "sort
<br />Instrument, appearing in court, paying reasonable the Protvrt,0 I,• nial.e rermr% %Irh.�rrwh
<br />Lender may take action under this paragraph 7. Lender dos, 114,01 ha%c tr it(' %r
<br />Any arnounl% di%hur%e%l by 1 ender under thi% paragraph ' %hall he..ane .id.irti.111,11.kht Of IA•rtt •wee tie.•, cared by thi%
<br />Securely In%Irumcnt l'nle%% li.ar.,0wcr and (ender agr4•o•t,onther trr(fi+.tt pasmri.t. thc�c.un,•unt ++hell (+car mtete +t loan
<br />the dale of dt%hurwinoit at the Now telc .ant %h.dl h4• p.4..otdr %%rttt 114to•re %t ,I,, 'n 11,•tr,1 11, -w I ruder t.• It, rr,.%rr
<br />requesting pay rnent
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