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<br />go. 105642
<br />UNIFORM COVENANI'.S Borrower and Lender covenant and agree a% follows.
<br />1. Payment of Priaelpas and Interest; Prepayment and late Charges. 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. )Funds for Taxes and Insurance. Subject to applicable law or No, a 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 assessownts which may attain priority o%cr 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 of current 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 />Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless
<br />Lender pays Borrower 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 on the Funds. Unless an agreement is made or applicable law
<br />requires interest to be paid, 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 the Funds showing credits and debits to the Funds and the
<br />purpose. for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender. together with the future monthly payment% of Funds payable prior tit
<br />the due dates of the escrow items, shall exceed the amount required to pay the e%crow items when due, the excess shall be,
<br />at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Fund% If epee
<br />amount of the Funds held by Lender is not sufficient to pay the escrow Items when due. Borrower shall pay to Lender am.
<br />amount necessary to make up the deficiency in one or more payments as required bl, Lender.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refunc: io Borrower
<br />any Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender, Lender shaRlI :apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by Lender, any Fund% held! toy Lender at the time of
<br />application asacredit against the %um%secured by this Security Instrument.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payment% arrived b� •'.ender under
<br />paragraphs 1 and 2 %hall be applied: first, to late charge%due under the Note; %econd. to prepayment charil c" Jae under the
<br />Now third, to amounts payable under paragraph 2, fourth. it) interest clue, and iast, u- principal due -
<br />4. Charm; Liens. Borrower shall pay all taxes. a %%essments, charge%, line% and imposition aeenbutahle 11► 0-c
<br />Property which may attain priority over Ihi% Security Instrument, and leasehold payment, ar ground rents, if any.
<br />Borrower %hall pay these ohligation% in the manner provided in paragraph Z. or if oat paid nor altac manner, Mirrcow•er shall
<br />pay them on time directly to the person owed payment twrower %hall promp-ilk, u•rit%h tit Ler►der all nnut,•:%of amounts
<br />lobe paid under this paragraph. If Borrower make% these payment% directly. IWtu r.lwer %hall promptly furnish to Lender
<br />receipts evidencing the payment%.
<br />Borrower %hall promptly discharge any hen which has priority over thi%Securtty Instrument unless Borrower (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to 1 ender; (h 1 contest% tit g%xul
<br />faith the lien by, or defends against enfiorcement oft he hen in, legal prweedings which in the 1 ender'% opinion operate to
<br />prevent the enfiircement of the hen nor forfeiture of any part (if the Property, ur (c) secure% from the holder *t'''!hr hen an
<br />agreement satisfactory to lender subordinating the hen to this lecunty Instrument If 1 ender determine% 4h•.o +:inn purr of
<br />the Property is subject to a hen which may attam priority over this Secunty to %trumenl. 1 enter may goe Borrower a
<br />police identifying the lien. Borrower %hall satisfy the hen or take tine or more of the act tom set tiorlh ahto%e within IU daa
<br />of the giving of notice.
<br />S. (Hazard lastuanee. Burrower shall beep the irnpro%rmcnt% now exi-sting or hereafter erected on the Property
<br />insured against loss by fire. harards included osithin the term "cluoided co%erage" and any other haiard% for which lender
<br />requires insurance. Thin insurance %hall The manilained to the amount% and for the peri,►tu% lhat 1 ender requires T''he
<br />insurance carrier providing the insurance shall he chown by liclrrower %uhlcct a► Lender•s app io%al which %halt not tW
<br />unreasonably withheld.
<br />All insurance policies and renewal% %hall he acceptable to Lender and %hail include it standard au -isage clau%e
<br />Lender shall have the right to hold the policies and renewal% If Lender require., Borrower %hall prompi6y zavc tr Lender
<br />all receipts of paid premiums and renewal notten In the event of hK%, Borrower %hall give rr, *mpt nonce ea the invurir .:r
<br />carrier and Lender. Lender may make prxof of hit% d nut made promptly by %Vrrow er
<br />Unless Lender and Botmwer otherwise agree in writing, in%urance prtw•eed%.hall he apphtA to rmtorau m tir repair
<br />of the Property damaged, it ith: restoration or repair is economically feasible and i ender'% %cvurlt) i% not ir%%encd If the
<br />restoration or repair i% not economically feasible t ►r Lender'% security would he le%Knt'tl. the insurance prt►cceds %hall tit-
<br />applied to the %urns %ccured h) this Security In%to-uinent, whether tit nett then due. with aaee..'•I.c%% paid tit tk ►rrower If
<br />Bormwer ahan A&N -ri% the Property, nr dix-x not amwer within ill day% a nonce tram I ender of. si. the insutance carrier has
<br />o(fercd to rctti:., wiw, then Uudcr may %!Afect the In %uran:t: 1,1.1►%+ %Y%. I .:,.:.::. ".. :hc ,:r ,!'. ! • •:Pa:r :: rr•,Iorc
<br />the II"t irerty or to pay %um%%ecured by that, %ecurn% Irrrarument, whether nr rtr.e. 1-Iaen due the 10-da% pee-id wdl hegm
<br />*heir the notice is goer.
<br />Unless Lender and Borrower ttthersaw agree in wnimg..en4 .1;+f•hrautni tit ritm d %it, principal shall not e%tend or
<br />postpone the due date tof the monthly (vynient% referred i,+ as lur,it;r:.44.'h% I anti ' air : hanKe u're A1110unt tit the pay men* If
<br />unlier paragraph e+iine P■a•tttrtrir n at:yurrai ny i e■wn , at�n•wcr'. ntani is at ■. trr.p■i■RC t.•in te%arni I%nacrtr% rc%uiim(s
<br />from damage to the Propr:rs) ptnor to the ac4ut%111041 %hall pa%% Icy ( ender it, the e%renl vi the %utn %.et:ureil h% the% Security
<br />Instrument immediately prior tit the.icyutsuton
<br />6. Preservative and %laintelume of Property: I.easeltuWs. littr14%wrt %hall lit It de%tnay _ d.rtattc or %uh%twilial)y
<br />change the Property, allow the Properly to deterutr,rte ei ;usenet w-i.Ie 11 ilm tie %Irnt% In %rrur1tct11 .% tit% ,► (r,l%t'lr,•td.
<br />Borrower shall %omphwltht lie pto%1%lton %of the lea% e. an. tit W, rrttwet .ityunr %IeeuricItstt►cPrc -IV rr% rhelra%eF..•r.sAnd
<br />fee title shall not merge unit%% f ender agree% ho i he nwreter In it ram
<br />7. Protection of IRader's Rights in the Ptratitimt: %V, rsRnRe Insurance. It tktrtower r.irt. no 1%erform the
<br />covenants and agriremcnt %conl,imed tit 1hsSe1.'unty 11111Mrnew..- there i% a legal prtt%ceding that nta% .ignin %anal%. at1ie% i
<br />lender'% rights in the Pr%openy (wch a% a pitweeding in RNi nttrupic). ptottate. ter :ondemnation as its enfor %c tiv.% .4
<br />regulatnms), then Lender may do and pay for w halter t% necessary to promo the %.clue of the I'ropert% ,%rid l ender'% rtght%
<br />in the Property I enderlt action% may rlicluJC Paying goy win% %cured h% ,i lira whit It ha% 1,mir % oar ihi% tit•+urit%
<br />Instrument. appearing in court, paying ter%talahlr anrrnr)% tcc%and Chiron% t'n the 1 1rotV11% its mete repair% Mthoutth
<br />lender may takescrlon under lhi%Ivragr.iph 7. lender does Writ ha%c its do u,
<br />An) Amount%dl%hurtrd h% I et►der under thi% paragraph' %hall tx-,omc adtliu,nial arci -i of liott,-Avi %t• %utrd h% 1111%
<br />SMU111) In %1lument U111cm tkirtoNc'i' a11d I ciidei agiev to saber trim. A pa %wctlt thv t .imota 1% Oi.ill twat 1111C1% %t tt,,111
<br />the date td di%but%ormcm at the %otv talc .slid 01.111 tit' t'.11aNtr with Mla rr11 „1• 1, n. '.,. It,•n. l a1.,1at 14 1r Nrr
<br />reque%ung Ims tent
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