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90-- 105645
<br />UNIFORM Ct VF.NAN i % Borrower and Lender covenant and agree as follow+
<br />1. Payment of Principal and Interest; Prepayment and Late C'harRes. Borrower shall promptly pay when due
<br />the principal of and interest (in the debt evidenced by the Note and any prepayment and late charge% due under the Note
<br />2. Funds far Taxes and lesuraaee. Subject to applicable law or to u written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly payments are due under the Note, until the Note t% paid in full, a rum l" Fe&nd% ") equal lit
<br />one - twelfth of (a) yearly taxes and assessments which may attain prionty liver this Security Instrument, (b) yearly
<br />leasehold payments or ground rent-* oil the Proprity, if any. (e) yearly hat od Insurance premiums: and (d) yearly
<br />mortgage insurance premiums, if any. These item% are called "escrow items." Lender may estimate the Funds due on the
<br />basis of current data and reasonable estimates of future escrow item%.
<br />The Funds shall be held in an institution the deposits or accounts of which arc insured air 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, analysing the account or verifying the escrow items, unless
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to nuke 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 &mower an) interest or earnings am the Funds Lender
<br />shall give to Borrower. without charge, are annual accounting of the Funds showing credits and dehats to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged a% additional %ecunty for the sums secured by
<br />this Security Instrument.
<br />If the amount of she Funds held by Lender, together w ith t m future monthly payments of Funds payable prior to
<br />the due datfe% of the escrow items, shall exceed the amount required to pay the escrow items when due_ the exec.% shall be,
<br />of Borrower's option, either prompth. repaid to Butrra, suer or credited m lknrow•er on monthly past m ? -mis of Funds. If the
<br />amount of the Funds held by Lender t% not Sufficient lit pay the escrow item-, w hen due, lhirrower shah pay to Lender any
<br />amount necessary to make up the deficiency in one or more payments as required by Lender
<br />Upon payment to full of all iu r, secured by this Securer} lnstrument, lender shall promptly refund to Aurrow•er
<br />any Funds held by Lender 16 andtr paragraph IQ the Property is .sold or acquired by Lender, lender %hall apply, no later
<br />than immediately prior to -:,he sale of the Property or its acqutsafon by 1 ender. any Fund% held by Lender at the time of
<br />application as a credo agamm the sums%ecured by the Security Instrument
<br />2. Appliatioo of Payments. Unless applicable law poor elm otherwioe, all payment% rccee&ed by Lender under
<br />paragraphs I and 2 shall be applied: tint, tit late charge%due undr,• the Note. %econd, to prepay merit charges due under the
<br />Note; third, Loan ouni% payable under paragraph 2, fclurth, to int,,nrd due, and last, all principal due
<br />4. Citargea; I.iensi. Borrower shall pay all tares, assn ssrnrnts, charge-%. fines and Imlxrsrnon% attributable to the
<br />Property which may att, n prionty over the% %o- 4:vant% Instrument, and leasehold payments air ground rent%. If any.
<br />Borrower shall pay these nbligattom in the manner provided ear �,atagraph 2. asr If nail paid in that manner, Borrower %hall
<br />pay them on ininedirectly to the pers,,or, •1.•ed ropnnent BarnhWe'r hall promptly furn4 --h • Lender .i4 notices vl amounl%
<br />to he paid uncle :f this paragraph If 11k,u. ,ter make-* these paymrni% directly. Nasrntwet .cwi) promptly furmsh t%� bender
<br />receipts evidencing the pa%narnt%
<br />Borrower -.hall promptly thwharge am hen which has pntirita over this Sec•unly Instrument unle%% lkirrimer la)
<br />;.
<br />agrees in writing to the payment of the obligation %ecured by the lien in a manner acceptable tai I ender. Ili) conte%t% in gonad
<br />faith the lien by. or defend%agamool enforcement of the hen fit. legal piticcedeng% which ui the 1 ender'%opinion operate to
<br />prevent the enforcement of the lien air forfeiture of any part ass the liropertat. fir I %ccuee% from the holder of the lien an
<br />agreement satisfactory, to Lender +uh.irdinating the hen tat this Srarurity Instrument 111 ender determine% that any part of
<br />the Property is subject tie a lien which may altam prfasrity o%er the% Security Instrument. I ender lei.,% give Borrower a
<br />nonce identifying the hen Itairroyver %hall wu%fy the hen or take one fit mare ill the •action% set forth aW%V within 10 day%
<br />ofthegfvo lgo(notice.
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<br />S. •h'iawwd Insurance. tkirrvu.r shall keep the rinpnncmcnI% natty cyt.nng air kw-:- .aftet er"ted lilt the Pr -party
<br />ensured agavim .IaKS by fire, haiard%mcluded within the terns "cvtended coverage" and any father hazards for which lender
<br />require% mo,utafoce. fhi% a,niurance %hall he maintained m the amount% stain r: - thr pentad% that 1 ender require+ the
<br />a
<br />insurance carrirr providing the insurance shall he chain by Iltti•ro*cr out%srt: rat 1 ender'+ apprt+vrl which %hail ntvt he
<br />-r'•
<br />unreasonably withheld
<br />All maid -rwwc padecie% and renewals %hall tt,r acceptable t.% I ender and %hall include a %landaed mortgage d.suw
<br />Lender shall haw she right tit hold the palicim and renewals 1f1 ender rNulle%. Ilorraswcr +hail promptly itoe tat 1 ceder
<br />all receipts of paid premiums, and renewal notice%. Ira 1,V event of ht%%. Ihtrrower %hall ierve prompt notice tit the insurance
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<br />:; mer and Lender (.ender may make pritelt of t.•+% lr' inn: made prasnirt h i» WmiAcr
<br />Unbars Lender and Wri-oVler otherwt%e agree sn N . r „rR ","%mitre pro %ccd% shall he appleclf tai reottralwo air repair
<br />of the Prtlpvcr. Aimaged, if the restooranion far reran 1% 1w, .i :.ow .111y tea%ihlr and 1 en•,drr s w% unt% t% not le%wiled 11 the
<br />restoratian IN. rfcpae& i% nail e'ronalenwi I, feasible far I iender'•i •or, urity wtluld lit Ir%%enrd, the m%urance prmcetl% %hall he
<br />applied to the %um% %ea ured M tbf% Security In%Ir>:,r ,rR;r. whether tar na,t 0zirn due. with in% cur.-%% paid to liattitlwer 1'
<br />&irrower atiandon% the 11cnpert%.,•r date% note an%wer within 42! sa)% a 'wnt 1 ender that e'.r tra%urrn.e %arner ha%
<br />offered lo%enfia Aclalm, then I cie er my oLAIca i the imur.c -oc r.r. %:rrd% 1 ender ni's� u+r the i•rt.ecat. f., fe•par „'f rc%l.lfe
<br />1110 pIt.t1Ci1N, v, i.. t'.aj 'dais •.C%i:f:.�. �' '�.• �i:...: ;'r :: ............. 1::: tact .'d ....i Il.c1r .ilia t i a Zr� .ia. y.. r +. , heizisi
<br />when the 114MIie n glyt'e&
<br />l'nle%% I ender and llltrru%►cr other wise agrrc 1e& *ding. All r1t1a•..if 1 „r, „t pf „t rest% tat pe&nt tpal %hall fiat eytend a,r
<br />ptAtpone the due date of the niunthl) paymenl . rtrrefred it, ill pataitraph% ; rr,tt : ,•r ,hangs the amount fit the pay metal % If
<br />under paragraph 14 the Iiropew. t+ acytured by 1c11610, ltalrrrwrr •% right tat ins n1%fir.11►.r ptlhue %.rod priveell% resulting
<br />f n g n damage itio fife Pngvtiy prna ill the acyuluiit•n %nail pa %% i 1 , l rilurt 111 iilc r%ielli In iiic %tame s•% Utni et, iall% Soo. unit,
<br />Instrument inutudiatel) pear w the aqui%uttmi
<br />6. Preserr.atioa wad Staiateaaacc of property; IraseAolds. W111,wrl %hall 1101 stmt,. ttaneaict: Of %uh %tantialh
<br />change the Property, allow the Proopterly to detetntrate air %.mnneff waste It tilt% i% .,n a lu.nrhuld.
<br />Borrower %hall :an,pl) with Ilia f+tm-11111 -1 the Irate. Ind If I401101WRIcr .f%yfiva % Ire tiflr 141 the lht,t•rrf% the IeAW1111ld .licit
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<br />fee title %hall least rnetge unle%% I ri0ci rgrl%r% to the merger fit w rimig
<br />1. Protectiai of Leader'o RlgMww in the Property; %lortgage Insurance. It litirntwer 1.111% f., perfa.tm file
<br />: at% en aint% slid agrtYnwill%%fantA1lied inihe%wmurit} llt%truinctif ..I their 1. r Ic'rl (1rt`tYYfuif that n1,a% %Igliih.anth Ae%t
<br />lender's right% m the Property t%ut:h a% a pf. %otivlu►K in hanlrupt %% pr.lhate 1 „r %altidrnfia.in „n Of t„ rnttlr%e Irw% it
<br />tettulatiulls►. then I ruder may dt +and pay fur w hail ocr i% fic%C%%rr % ft1 praltet f Itic taluc M the llnllwitio wid 1 ender %tight%
<br />In Ilet Prasperly I cfider'd a%titolis trla) include rs)nIg aft% %unf% %muted h% .1 hen wllttlt hr% prwitr. ,• %t r 1111% •t %unit
<br />Instrument, spltt tI fit$ on %Hurl. l+a) feel; feaulrlahlo. •Bionic%% trr% .total roaring „n tfor 1`n11,t•II% b, rfir►r t, r•.uI%. A Wit •uFh
<br />l cfidcr otav take it title& under the%Io�iragtiph'. 1 cndel
<br />Anv ani4wunt+dl%hui%rJ h% I ruder toiler Ito% )WAgIrl•1, ' %1.411 tW -1111C .1.IJttt„ia.ti a1, 1•t .•1 ft. •1 r, w, t %a, lit, d ht, flit%
<br />f%t
<br />Shure&% In%flurfirnf l ldt%%Ittorntwct food I t11dir th,,, W. -,aat..t.a ,N.it .t -it at., f• t„
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<br />thr Ball• td doobur%olittit %I ilia \, tt lift titd %Hell 1% r t %,4,•11 w., t, t r• 1 It
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