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<br />UNIFORM COVENANTS Borrower and Lender covenant and agree as follows-
<br />1. Payusaat of Prbtdpal and latertst; Pgrepsysseat sail late Clurgea, Borrower shall promptly pay when due
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note
<br />2. Foods for Tastes sad Insurance. Subject to applicable law or ton written waiver by Lender, 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 to
<br />one-twelfth of: (a) yearly taxes and assessments which may attain priority over this Security Instrument; (h) )early
<br />lessehold payments or ground rents on the Property, if any; (c) yearly ha>'ard insurance premiums; and (d) yearly
<br />moi pile insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds due an the
<br />linkofcurrent data and reasonable estimates of future escrow items.
<br />The Funds shall be held in an institution the deposits or accounts 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 />L Wer may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless
<br />Lender pays Bormwier interest on the Funds and applicable law permits Lender to make such a charge Borrower and
<br />Lender may agree in writing that interest shall be paid an the. Funds. Unless an agreemen i is made or applicable low
<br />requires interest to be paid, Leander shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />WWI give to Borrower. without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds air pledged as additional security- for the sums secured by
<br />this Security taivinu tit.
<br />If the atvac ant of the Funds held by Lender, together with, ulve future monthly payments of Funds payable prior to
<br />the due dales tai' ubr ewrow items, shall exceed the amount required to pay the escrow items when due, the excess shall be,
<br />at Borrower's apnoea, eiulhot ;promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />amount of the Funds hells( Lender is not sufficient to pay the escrow items when due, Wvrower shall pay to Lender any
<br />amount necesrai: y to snake up the deficiency in one or more payments as required by Lender.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shalb promptly refund to (itorrower
<br />any Funds held by Lender. 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 of a credit against the sums secured by this Securit) Instrument.
<br />3. Appliestion of Payneents. Unless applicable law prsrt.ides otherwise. all payments received by Lender tinder
<br />paragraphs I and 1 shall be applied: first. to late charges due under ;fie Note; second, to prep nwment charges due under t he
<br />Note: third, 10 amounts payable under paragraph 2; fourth, to initerNe due; and last, to pnaawnP al due.
<br />4. Cheraw Llem. Borrower shall pay all taxes, amewsmenii. char se's. tines as d imI%*ittons stae ributable to the
<br />Property which may attain,. priority over this Security Inmounienit. Ina meais or ground rents, if any.
<br />Borrower shall pay these Migations in the manner provided in paraffin liv 2. or if n.•t pwd un that manner, Borrower shall
<br />pay them on time directly to the perssin owed payment. BorrowKc shalt promptly furni -A v.., Lender all not ices of amounts
<br />to be paid under this paragraph. If Borrower makes these payments directly. Borrower shall promptly furnish to Lender
<br />rweipts evidencing the payments.
<br />Borrower shall promptly discharge any hen which has priority over this Security Instrument unless. Borrower: (a)
<br />agrees in writing to the payment of the obligatsaon secured by the lien in a manner acceptable to Lender; (bi conlests in goad
<br />faith the lien b} , or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any part of aw Property; or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of
<br />dl Property is subject to a lien which may attain linority over this Security Instrument, Lender may gist Borrower a
<br />notice identifying the lien. Borrower shall satisfy the hen or take one or more of the actions set forth above within 10 days
<br />of the giving of notice.
<br />S. Hazard insurance, lkirrower shall keep the improsements now existing or tie :�aafler erected ton the Property
<br />insured against loss by fire. hazards included within the term "extended cover.urc" and any other hazards for which Lender
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<br />requires insurance. This insurance shall he maintained in the amounts arc? tar the pere,ids that Lender requires. The
<br />insurance carrier providing the insurance shall be chosen by Borrower vukWi to Lender's approval which shall wx
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<br />unreasonably withheld.
<br />All insurance policies and renewals ihall he acceptable wo Lender and shall tnclu..': a standard mortgage claus,c.
<br />Lender shall have the right to hold the policies and renewals. If !.ender requires, Borrower shall promptly give to Lender
<br />all receipts of paid premiums and renewal notices. In the event of loss. Borrower shall give prompt notice to the insurance
<br />ca nwr and Lender. Lender may make proof of loss if not made promptly by Burrower
<br />Unless lender and Borrower otherwise agree in writing, insurance proceeds shalt Px• .applied la rem oration or rep—or
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<br />of the Proiwt; damaged, if the restomvwn or repair is ecunomwa0ty feasible and Lender'• secunty is not lessened. If the
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<br />rreamnration or repair is not economical[) feasible or Lender's serwruy would be lessened, elite insurance proceeds shall be
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<br />applied to the sums s.ecured b) rho Security Imirtunew. whether or not then due. with any excess paid to Borrower. If
<br />Borrower abandons the Properly. or dues not ansvaer within V days a notwu: groom Lender that the insurance carrier has
<br />uttered w Watt, w slaiuo, iitcti ►smuts,, 44vay . %,tacit tit. wsunmty pn.vuws. Lender may us¢ teat proceeds to repair Or rc. :. o tq
<br />the Property or to pay sums secured b) thus Security Imirur. icwl. whether or not then 4gue The 1() -day period wdl! Nagar
<br />when the notice is given.
<br />Unless Lender and [knrower otherwise agree in writing, any application of proceeds io principal shall not cxtenc er
<br />postpone the due date of the monthly payments referred to ut paragraphs I and 2 or change the amount of the pay ments If
<br />iiriuci f iispaph i+ its Frtgwriy is acquired by Lender, norrower s right to any tnwracax puitcic. anti pnkeetis rc•uinng
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extent .rot' ..�e sums scw•ured by this security
<br />Instrument immediately prior to the acquisition.
<br />6. Preservation and Malatetutace of PrWriy; Lessebolds. Borrower •hall not destroy. damage nor stihstattltal ly
<br />change the Properly. allow the Property to deteriorate or commit waste If rhos Security Instrument rs.in t leasehold.
<br />Borrower shall comply with the provisions of the lease, and if Borrower acquirer fee title to the Property, the leasehold and
<br />foe title shall not merge unless Lender agrees to the merger sit w ntnig
<br />7. Protection of Lender's Rights is the Property; Nturtp Ke Insurance. If Borrower fail. it, mlinni the
<br />covenants and agreements contained in this Sctiunty Instrument, or there is,1 leetal pritctnding that may .igmhsantty auras
<br />Lender's rights in the Property (such as a proceeding to bankruptcy. prohme. fot condemnation or it, entorse law% or
<br />regulations.), then Lender may doand pay forwhaleser is neceswr) to proiao the value 4the Property and I ender'. rights
<br />in the Property. Lender's actions may include paying an» sums secured h% it lien which has pnoatty . ter the. %•runt y
<br />Instrument, appealing to court, paying reasonable attorneys' fees and entennit on the Pro pem (.• male r cpatts • ll houg h
<br />Lander may lake acua►n under this paragraph 7. Lender dote not hase rJ do -o
<br />Any amounts disbursed by Lender under this paragraph 7 shall become addtitomal it chi ,.t tt.•rr,•vt cr %,.,I It Vil It% tht.
<br />Socurtl) lnarumenl Unless Borrower and Lender agree tr other terms if pry ment, ihe.e mmnrnt% %hml N-.0 ,ntrrr•t ti. rn
<br />the date of di huncnirni at the tithe rate and shall he payable. with interim, up.m nnro.r Ir,vn 1 ruder t.• h •o-r.•Nrr
<br />requesting payment.
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