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f� UNIFORM COVENANTS. Borrowa and Lender covewt and agree as follows: S9.103671 I. Payment at ftWc posh Od Iaterpt; Preveyont &W We Cl uW. Borrow& 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. F o6 fir Taxes mad lasaresm Subject to applicabk law or to a written waiver by Lender. Borrower shall pay to Leader on the day monthly payinests are due under the Note, until the Note is paid in full, a sum ;"Funds") equal to one-twelfth of: (a) yearly taxes scud apessmetts which may attain priority over this Security Instrument; (b) yearly hsssio M payments nts or ground hats stn the Property, if any; (c) yearly hazard imuratwx premiums; and (d) yearly mortgage insurance premiums, if any. Tiros items are tailed "aciew items." Lander may estimate the Fume due on the basis ofvwrent data and ressottNtkeathaales of Must escrow item. 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 I.ader if header is such an inatkution). Lender shall apply the Funds to pay the escrow items. Loader may not charge for bolding mad applying the Rands, analyzing the account or verilj►ing the eotcrow.ite ts, unless Lawd-r pays Borrower inured amide Fonds and applicable kw pa msits Fender to make such a cbarge. Borrower and Leader my agree M writing that intact shall be paid on the Farris. Unless an tgreement is ro-ade or applicable law rageirns usenet to be paid. I.atder shnsU root be required to pay Borrower any interest or earnings on the Funds. ladder s1aaN pre to Borrower without chargm an annual accounting of the Funds showing crttdits 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 sutras secured by this Sacusity iaets- aaaernt. If the amount of the Funds held by Lender. together with the future roonthly payments of funds payable prior to the dredates of the escrow itaw shall a :seed the amount required to pay the escrow items when due. the excess shall be. at Borrower's option either promptly rapid to Borrower or credited to Borrower on monthly payments of Funds. If the ..aisuurlo" Oft Funda held by Lender is not suNkient to pay the escrow* items when drone, Borrower shell pay to Laden any alsowit NA"S-ary to snake up the deficiency in one or.none paysnernts a- ngtairod by Lexrdkr. $bgettq payment in fall of all scums secured by this Security Instrument. Lendler shall promptly rdwW W Borrower any Funds held by Lender. if under paragraph 19 the Property is sold at *Nuired by Lender, Lender dull ap*. no later thee immediately prior to the ask of the ProptvW or its acquisition by Lender, any Funds held by Lender at the time of application as credit against the sutra secetreftg -this Security Instrument. Appiilawlso of Payments. Unlea applicable IAw provides otherwise, all payments reloehvd by Les -der under paragraphs 1 and 2 shall be applied: OM W iiftfibargesdue under the Note; secon& to prepayment WM a 5%;s due under the Now, third. to amounts payable under persraplk 2; fourth, to interest due; srtd last. to pdndpd due; 4. CIne W Lkm Borrower OW PW AD taxes. assessments, charges, fines a d impositions attributabk to the property which may attain priority.etv+tr' 66 Security hastruntent, and leasehofd-jpsyme:nts or ground rents. if any. Borrower shall pay these obligations in the mmna provided in paragraph 2, or if riot paid in that manner, Harrower shall pay them on time directly to the psxtm.owrdd payment. Borrower s1Wi promptly furnish to Lender an notices of amounts to be paid under this PW4M ph. If BOMMer snake thee payments directly. Borrower shall promptly fhrnah to Lender reoeipb evidencing the payments. Annawwcs MUMM Ini°•fnay %Mmaw& any rIrn wrweo bm priority W.. this swurity irtsirument unless Bus sown - faj agrees in writing to the payment of the obligation secured by the best in a manner aeveptalik to Lander, (b) contests in good faith the lien by. or defends against enforcement of the lies is, isgal proceedings which in the Lender's opinion operate to are the enfanu went of clw Tien or fed tum Af awl► r—w 41be>f x+pmy. or (c) secures fmm the hn- W-T of the lien an agreement sa"Actory to Leader Subordinating the fiat to this Security Itatnnment. If Lender determines that any part of the Property is --abject to a lien which way attain priority ova this Security Instrument. Lender may give Borrower a native 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. Massed Ine rawL Berrowa shall keep the improvem nits now existmSer hereafter erected on the Property insured against loss by fim hazards included within the term "extended coverage•• and any other hazards for which Lender requires insurance. Thais insurance shall be maintained in the amounts and for the periods that Lender requires. The .i - r-rnoe carrier providing the insurance shall be chosen by Borrower usbject to fender's approval which WWI not be usinesoaably withheld. AU assurance policies mad renewals shall be acceptable to Lender and shall include a standard mortgage clause. Leader shall have the right to hold the policies and renewals. If Lender requires. Borrower shall promptly give to Lender s0 receipt - of paid premiums sad renewal notices. In the event of lop. Borrower shall give prompt notice to the insuratim carrier sod Lewder. Lender may make proof of lass if not evade promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property damaged. if the restoration or repair is economically feasible and Larder's security is not lessened. 161k. ne f ratim or repair is not economically feasible or t.endees security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security Iuntuumatt, whether or not then due, with any excess paid to Borrower. If Borrawa abandon tie Property. ear does not answer within 30 days a notice from Leader that the insurance carrier has n 0 , I to setde a claim. then Lenda stay collect the insurance proceeds. Lender may use the proceeds to repair or restore tie Property at to pay sums secured by this Security Instrument, whether or not then due. The 304ay period will begin Whenthenodesisgven. Unless Leader and Borrowa otierwriseagree in writin& any application of proceeds to principal WMU not extend or patpdme tie doe dweof the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments. If deader paragrtapls 19 tie Property i- mpbvd by header. Borrowees rigid to any insurance policies and proeeedo resulting f m dsaa-ge W the hrsopeety prior to the acquisition shall pas to Lender to the extent of the sump secured by this Security Instrument immediately prior to the acquisition. di. Prassrvatiw alai lNaisibesence of Properyr;1ameWds. Borrower shall not destroy. damage or substantialiy claw the Property, allow the Property to deteriorate or commit waste. If this Security instrument is on a leasehold. Borrower shall comply witb the provisions of the lease. and if Borrower acquires fee title to the Property. the leasehold and fee"all all not merge unless Lewitt agrees to the merger in writing. 7. Pretattim of Loweeo Rib is the Pre a y; martwor insurance. if Bmawer fails to perform- the eoMmww- and agreemnus contained in this Security Instrument. or there is a kgal proceeding that may significantly affect Aa sder's rights in the Property (such as a proceeding in bankruptcy. probate. for condemnation or to enforce laws or rsplebors), them Lander shay d o and pay for whatever a necessary to protect the value of the Property and Lender's rights in the Property. t.taderIs actions may include paying any sums secured by a lien which hu priority over this Security h earwnent, appearing in court. paying reasonable attorneys' fee and entering on the Property to make repairs. Although Lender racy take scum under this paragraph 7. Leader does not have to do so Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this Securtty intuument. Unless Borrower and Lender agree to other terms cif payment, these amounts shall bear interest from tie date of drstnurument at the :Vote rate and shall be payable. with tnterem. upon notice from !,ender to Borrower regecs LAS ptrytnerrt �11