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A 1 103713 UNIFORM COVFNAN75 Borrower and Lender covenant and agree as follows: L Paytoeat Of PriadIW and Interest; Prwayineat and late Charl". 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. 2. Fus kr Taxes sad leser soma Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum ( "Funds ") equal to one-twelfth of: (a) yearly Cues and assessments which may attain priority over this Security Instrument; (b) yearly lsaashold payments or ground rents on the Property. if any; (c) yearly hazard imurancpe premiums; and (d) yearly mortpepe insurance prumtituntr, if any. Thee items are called "escrow items." tender may estimate the Funds due on the basis ofcurrett data and mosookk estimates of future escrow items. The Funds than be bdd in an institution the deposits or accounts of which are insured or guaranteed by a federal or state spa ncy (indudang Lander if Lander is stack an institution). Leader shall apply the Funds to pay the escrow iteans. Lender may not dtarge for bolding and appiyaig the Funds, analyzing the account or verifying the escrow items, unias Lender pays Borrower interest oa the Funds and applicable law permits Lender to make such a cbugL Borrower and Leader essay agree in writing that interest " be paid on the Funds. Unless an agreement is made or apphcabk law n 11W interest to be paid. Leader shell not be required to pay Borrower any interest or earrings on the Funds. I,psder manta pive to Borrower. without charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as adF,licaranal security for the sums secured by this se ti ty iastruanent. If the amount of the Funds held by Lender. together with the future monthly payments of Funds payable prior to the due data of the escrow items, shall exceed the amount required to pay the escrow items whey due. the metes small be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If t M anent of the Farads held by Lender is not wAcient to pay the escrow items when dart, Borrower shall pay to Lender any amount necessary to make up the delkiency in one or more payments as required by Lertdetr. Upon payment in full of all sums inured by this Security Instrument, lender shell promptly refund to Borrower any Funds held by Lender. if under paragraph 19 the Property is sold or acquired by L.ersier. Lerida shall apply. no harts then immediately prior to the sak of the Property or its acquisition by Lender. any Funds held by Lender at the time of. appticatio n as a credit against the sums secured by this Security Instrument. 3. AMiiemon of PaynaewL Unless applicable law provides otherwise. all pyinmts received by Lender under paragraphs 1 and 2 shall be appke&lfrrit, to We charges due under the Note; sunned. topepays sent chargmdue tinder tk Note; thirk toamounts payable under paragraph 2; fourth, to interest date; and last. to prise #d due 4. Clergsr. IIJses. Borrower steal! pay all taxes, asseuments, charges, lateen and impositions attrWtabk to the Property which may attain priority over dial Security Instrument, and leaselliM payments or ground teats. if any. t Borrm ar NW pay than obliptices is the numner provided in paragraph 2. or if not paid in that manner. Swrower shall pay, than an time directly to the ptaxoo owed payment. Borrower shall promptly famish to Leader all notilces of amounts {. ,I to be paid wader this paragraph. U Borrower ratites these payments disnctly. Borrower &W pruamrptly furnish to Lender eridmcing the Payments. _. Borrower dM promoft discharge any h!a which has 'ty aver hall gmmvity t —M-t -� •= ° -1-"�t awn *0 - . t•j agrsatin writing W the psyttsent of thevbligatioa secured by the glen is a manse acceptable to Lender; (b) contests in good faith the.lin by. or defends spimt eaforcesent of the lien io, kgd proeeedho which in the Lender's opinion to to Preve3nI the enforcement of the lien or forfeiture of boy part of the Proprty; or (c) secures from the holder of the lien an Weenwat _mlwad� to Lender suotwdinetiag the tier to dais Security Inuruatent. if Lender determines that any part of the hop" is subject to a lien which may attain priority over the Security Instrument. Lender may give Borrower a +notice identifying the hen. Borrower shall satisfy the lien a take one or more of the actions set forth above within 10 days of tbegi ft of notice. . L Hsmrd taea mm. Borrower shall keep the improvements now existing or hetaafker erected on the Property instaedq*rtst loss,4� ire. hazards included within the twit "extended coverage" and any other hazards for which Lender MOM insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The inumaace carrier providing the .insurance shall be chosen by Borrower subject to Lender's approval which shall not be aniumpwably withheld. AU insurance policies and renewals shall be acceptable to Lender and shrill include a standard mortgage clause. Leader shall have the right to hold the Policies and renewals. If Lander requires. Borrower dAWprourptly give to Lender 211 receipts of paid premiums and renewal notiom in the event of IosL Borrower shall eve apt notice to the insurance canneraad Lender. Lerida may make proofof logs ifnot mode prompcl°yby Borrower. Unless Leader and Borrower otherwise agree in wfTft& .iassurallm proceeds shall be applied to restoration or repair of tie Property damaged, if the restoration or repair is econamicaRy feasible and Lender's security is not lessened. If the 4 restoration or repair is not economically fasible or Lender's security would be ldsawd, the in mace proceeds shall be applied to the sums secured by this Security Instrument, whether or anti then due, with any.exc#ss paid to Borrower. ff Bosrower abandoaa.the Property, pr does not answer with= 30 days a notice from mender tW the insurance carrier has Mind to settle a dams, then Lar.;ar may collect the insursace proceeds: h ersdrar Way use the prooceeds to repair or restore . the Property Of td +pray sums savtzsnd by this Security Instrument, wheEltee or riot, that due. Th-i 30-day period win begin when the tactics is g#�a. , Unkaa I.errder sand Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or postpone the due date of the monthly payments rderred to in paragraphs 1 and 2 or change the amount of the payments. If under Paragraph 19 the Property a acquired by Leader, Borrower's right to any insurance policies and proceeds resulting flew damage to the Property prior to the acquisition span pass to Fender to the extent of the sums secured by this Security Inanuaent immediately prior to the acquisition. L lwasrv2dm and Maiaeeaance of he", i.eaasbolds. Borrower shall not destroy. damage or substantially change the Property, avow the Property to deteriorate or commit waste. If this Security Instrument is on a leasehold. • _- - -' borrower shall comply with the provisions of the lase, and if Borrower acquires fee title to the Property, the kasehold and fie title than not arteW unless Leader agrees to the merger in writing. 7• *r fRtWW* Rkkb In the PeoPertjr; Mortgage Iasaraace, if Borrower fails to perform the covenants and agreements contained in this Security Instrument, or there is a lew proceeding that may significantly affect Leader's rots in the Property (such as a proceeding in bankruptcy. probate, for condemnation or to enforce [awe or regulations). then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights is the Property. Lender's actions may include paying any sums secured by a lien which has priority over this Security tastrum"t. appearing to court. paying reasonable attorneys' fees and entering on the Property to make repairs. Although Leader may take action under this paragraph 7, Lender does" have to do so Any amounts dtsbursed by Lender under this paragraph 7 shall become addownal debt of Borrower secured by this Security instrument Unless Borrower and Lender agree to other terms of payment, these amours r c shall hear interest from the date of dnhurse twnt at th! Note rate and ,hs:l tic Payable. :.atii isiteimi, upon rroitce fresm Lender to Borrower r' requesting payment M