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r UNIFORM COVENANTS Borrower and Lender covenant and agree as follows.. 1. Payasaat of Priseipsl asd fatttswt; Pre)taymeat and Late Clarges. 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. X Fwnla for Taxes sad Iassraw. Subject to applicable law or to a written waiver by Lender, Borrower shall FOY to Lender irm the day monthly payments an due under the Note, until the Note is paid in full. a sum ( "Funds ") equal to one-twelfth of (it). yciarly taxes and assessnnents which may attain priority over this Sa:urity Instrument; (b) yearly lmebold payments or ground rents on the Property, if any; (c) yearly hoard insurance premiums; and (d) yearly mortgage bmiraace pmmiums, if any. These items are called "escrow items." Lender may estimate the Funds duo on the basis ofeurrent data and reasonable estimatesof future escrow items. The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or elate agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items. Langer may not charge for holding and applying the Funds, analysing the account or verifying the escrow items, unless Leander pays Borrower interest on the Fluids and appbcW* law permits Lender to make such a charge. Borrower and Lender. may agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law rsquiras intaM to be paid. Lender shall not be required, to pay Borrower any interest or earnings on the Funds. Lender dog give to 8orr. -.ter. without charge, an annual accomml 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 additional security for the suns secured by this Security Instrument. If the amount of the Funds hdd by Lender, togetber 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 excm shall be. at Borrower's option, either pronptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the sarount of the Funds held by Lender is not uAcient to pay the escrow items when due. Borrower shall pay to Lender any atnorrtt neomary to make up the deficiency in one or more payments as required by Lender. Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any Funds held by Lender. If under paragraph 19 the Property is soli or acquired by Lender. Lender shall apply; no later than immediately prior to the sale of the Property or its acquisition by Lender. any Funds held by Lender at the time of application as a credit against the sums secured by this Security Instrument. S. ApplintiM of Psymests, Unless applicable law provides otherwise, all payments received by Lewder under paragrspits I and 2 shall be applied: Atu, to late charges due under the Note; seconds, to prepayment charges dale WAer the Note; third, to amounts payable under parallaph 2; fourth. to interest due. and last. to principal due. d. Ctiatm Liss. Borrower shall pay all taxes. assessmetrts. charges. And and impositions attributable to the Property which may attain priority over thin Security Instrument. and leasehold payments. or Votund rents, if any. DOMMer shall pay these obiiptions in the =sum provided in paragraph 2, or if not paid in than ttsainner, Borrower shall pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts to be paid: under this paragraph. If Borrower stakes these payments directly. Borrower shall ptaxnptly furnish to Lander receipts eviden<'ing the payments. BI!!lnwB shall eeanetly Aiaehst awsi % wh-: -kA 1,� r A .tst.: vww�'sj asiuu5ierst iu•iws WiritwCr �a 11 agrees in writing to the payment of the obiipidimucured by the lim in•srmsaner acceptable to Lender; (b) contests in good faith the lien by, or defends against enforcement of the lien in. legal prooxedinp which in the Lender's opinion to to prevant the enforcement of the lien or forfeiture of any part of the Property; or (c) secures from the holder of the H-- r•- agrvancni saddecuxy to Lander subo[dsnsting the lien to this Security Instrument. If Lander determines that any part of the Property is subject to a lien which may setain priority over this Security instrument, Lender may give Borrower a notice identifying the lien. Borrower shall satafy,.rhe lien or take one or more of the actions set froth above within 10 days of the giving of notice. S. Hazard Lwraaee. Borrower shall steep the isttprovements now existing or hereafter erected oe the-Property insured against ktsa by fire, hazards included within the term "extended coverage•' and any othei Nizatrds for which Lender requires insurance. This insurance shall be r1:1sTmined in the amounts and for the periods that Lender requires. The insurance carrier providing the insurance shalt tae'cWosen by Borrower subject to Lender's approval which shall not be unreasonably withheld. All insurance policies and renewals si,all be acceptable to Lender and shall include a standard mortgage clause. Leader shah have the right to hold the policies and re newabs., if Lender require. Borrower doll promptly give to Lender all receipts of paid premiums and renewal notices. In the event of eras, Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of km if ram madepromptly by Borrower. Unless Lender and Borrower otherwise agree in wrifti insurance proceeds shall be applied to restoration or repair of the Property damaged, if the restoration or repair is ecominically fusible and Lender's security is not lessened. If the restoration or repair is not economically feasible or Lender's-security would be lessened, the insurance proceeds "I be applied to the sums awwed by this Security Lixurument. whether or not then due, with any excess paid to Borrower. If Borrower abandons the Property, or does not answer within 30 days a riotice from Lender that the. insurance carrier has Whi s l to settle a claim. then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore the Property or to pay sums secured by this Security Instrument. whether or not then due. The 30-day period will begin wben the notice is given. Unless Lender 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 1 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 immediately prior to the acquisition. g• Peeaertrstba mW Maiateaasee elf PropaW. Laaserrd& 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. Borrower shall comply with the provisions of the lase, and if Borrower acquires fee title to the Property, the leasehold and fee tide shall not merge unless Lender agrees to the merger in writing. 7. PrattetWe of Leader's Rights In the Property; Mortgage i"almste. if Borrower fails to perform the covenants and agreements contained in this Security Instrument. or there is a legal proceeding that may significantly affect Lender's rights to the Property (such as a proceeding in bankruptcy. probate, for condemnation or to enforce laws or regulations), then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property. Lender's actions may include paying any sums secured by a lien which has prionty over this Security LInstrument. appearing to court, paying reasonable attorneys' fees and entering on the Property to make repairs. Although Lender may take action under this paragraph 7. Lender does not have to do so Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this Security Instrument Unless Borrower and Lender agree to other terms of payment, these amounts shall bear interest from the dste of it the N,,tie title and -.hail he payable, with interest, upon notice from l ender to Borrower requesting pay ment a S' f 7. r-