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<br />90- 105752
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interests Prepayment sad 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 sad Insurance. Subject to applicable law or to 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 assessments which may attain priority over 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 showiagcredits 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 />"Security Instrument.
<br />if the amount of the ftn& held bpi Lender. together with the future monthly paytacnts of Funds payable prior to
<br />the due dates of the escrow items, shaf6 •e:uced the amount required to pay the escrow items when due, the excess shall be,
<br />at Borrower's option, either promptly repaid to Bvrmwer or credited to Borrower on monthly payments of Funds. if the
<br />amount of the Funds held by Lender is not sufficient to t pay the escrow items when due, Borrower shall pay to Lender any
<br />amount necessary to make up the deficiency in one or more payments as required by Lender.
<br />Upon pal;ment in f401 of all sums secured by this Security instrument, Lender shall promptly refund to Borrower
<br />any Funds held by Under. If under paragraph 19 the Property is sold or acquired by Lender. Lender shall apply, no later
<br />i than immediately prior to tt'et sale of the Property or its acquisition by Lender. any Funds held by Lender at the time of
<br />application as a credit agaiasi the sums secured by this Security Instrument.
<br />& Application of Payments. Unless applicable law provides others%%. all payments received by Lender under
<br />paragraphs I and 2 shall be applied: first, to late charges due under the Note; second, to prepayment charges due under the
<br />Note; third. to amounts payable under phmgraph 2; fourth, to intcrest due; and last, to prir.;..ipal due.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines and imposition% w-tributable to the
<br />j Property which may attain priority.over this Secutrdty Instrument, and leasehold payments or ground rents, if any.
<br />` Borrower shall pay these oNigations in the manner proinided in paragraph 2, or if not paid in that mann-rr, Borrower shall
<br />pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of atrmmonts
<br />to be paid under• this paragraph. If Borrower makes these paymi ws directly, Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security instrument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, (b) contests in good
<br />faith the lien by, 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 the P•r�aiperty; 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 />i the Property is subject to a hen which may attain priority over this Securitt laaytrument, Lender may give Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more od,vhe actions set forth abkv-c within 10 days
<br />of the giving of notice.
<br />S. IWaxard Imunswe. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the term "extended coverage" and any other hazards for which Lender
<br />requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The
<br />insurance carrier providing %be insurance shall be chosen by Borrower subject to Lender's approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and rene«-L's shall be acceptable to Lender and shall include a standard mortgage ,: leuse.
<br />Lender shall have the right to hold the policies and renewals. If Lender 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 />carrier and Lender. Lender may make proof of loss if not made promptly by forrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall are applied to restoration or repair
<br />of the Property damaged, if the restoration or repair is economically feasible and Lender's security is not lessened. If the
<br />restoration or repair is not economically feasible or Lender's security would t+r lessened, the insurance proceeds shall be
<br />applied to the sums secured by this Security Instrument. whether or not rhea .due. with any excess paid Ye Borrower. If
<br />Borrower abandons the Property, or does not answer within 30 days a notice 1firom Lender that the insurance carrier has
<br />oll;ered to settle a claim, then Lender may collect the insures ^.rep rit -t-t - —oy it— the nrSV•~A z , n r +� �!� ,?! ! !ri P
<br />the Property or to pay sums secured by this Security Instrument. whether or not then due. The V -clay period will Negin
<br />when the notice is given.
<br />Unless Lender and Borrower otherwise agree in witting. any application of proceeds to principal ;%,hull not extend or
<br />i postpone the due date of the monthly payments referred to to paragraphs 1 and 2 or change t he amount of the payments. If
<br />.....ice V-- 0 «Vr. a �L� 0 .. :_ ___._:__m a_. • __ a __ n _ __ _._ _t _ .. _ ___. _-_._ __- ._ _._t. -._ __J per_ ___J_ _ - 'Ut.:__
<br />,,,...... r,.p..p.. a.n � .a,i.�aa� as seyuaaey try l.Onuer, txnu•wer � nEua aa. out na•u,oacc rnnta.ac. a,au inv�acv „��uuu,�
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security
<br />Instrument immediately prior to the acquisition.
<br />6. Prmnation and Maiatenaace of Property; Leaseholds. Wirrower %hall not destroy, damage or substantially
<br />change the Property, allow the Property to deteriorate or commit waste If this Security Instrument is con a leaschold.
<br />Borrower shall comply with the provisions of the lease, and if &wrrower acyutres, fee title to the Property. the leasehold and
<br />fee title shall not merge unless Lender agrees to the merger in writing
<br />7. Protection of Lender's Rights is the Property; Mortgage Insurance. If Borrower falls to perform the
<br />covemmisand agreernentscontained in this Security Ins,trument, or there i% a legal pr-weeding that may sogmficantly affect
<br />Lender's rights in the Property (such as a proceeding in bankruptcy, probate. for condemnation air to enforce laws or
<br />regulations). then Lender may do and pay for whateser is neve%%ar) to protect the s alue of the Property and Lender's right%
<br />in the Property. Lender's actions may include paying any sum-A secured h% a hen which has pn onts owl this Security
<br />Instrument. appearing in court, paying reasonable attorneys fee. and entering on the Property to make repairs Although
<br />Lender may take action under this paragraph 7, t ender dies not hale to do u+
<br />Any amounts di%hurwd by I ender under this paragraph 7 shall heca+mc addm. +n.il do ht of Writmcr secured h) thi%
<br />Security instrument t'tilas tiorrowerand Imidet agreeto tither terim-+f p.iyntctu.itiov u+rtnunissh.tll tk•.cr micte.t from
<br />the date of di%hunement at the NtNc rate and shall he p.»ahle. with uuerot ulrvi 111,11.c ►r.,m 1 rndrr 10 11t,rruwer
<br />requeitung payment
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