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4.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows-
<br />1. 1. Payment of Principal and interest; Ptegayment trod Late Charges. LlorroweA% promptly pay when due
<br />the principal ofand interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />2. Faatls torTaxes sad lowraece. Subject to applicab!c 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 />axle- twell1h of. (a) yearly taxes and assessments which may attain priority over this Security Instrument. (h) 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 miy estimate the Funds d lee on t<re
<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 />atom agency (including Lender if Lender is such an institution). Lender shall apply tht- Funds to pay the escrow
<br />Lender may not charge for haidinand applying the Funds;•wnalyzing the account or veri6 -ing the escrow i!tm-% unless
<br />Lvider pays Borrower lwa .On eti Funds and applicable Law permits Lender to make such a. cha,-g�.-bovow:er and
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<br />Lender may agree in vi ag'thzt i*s+t m shall be paid on the Funds. Unless an agreement is le law
<br />requires interest to be *d,. Lender 'slat l not be required to pay Borrower any interes! or earnings blx'th� Fit(r g•. Lender
<br />sltall give to Uoemwer. rlttiit7�. art charge. an annual accounting of the Funds shraaii;ig credits and debits.fo;t lrr fLds, ~Yd the:
<br />purpose for which each 4At to the Funds was made. The Funds are pledged iw additional security fpir eg�nnss Lured by .`
<br />:tlia�;_�actirity Lnstruttterth. • '_;,. _ .
<br />'Iftbitimp unI ti 1ltfdrlds h&-by Lender, together wick the,fltittr t onthly payments of Fur payaft,�jr r to
<br />v2ie.31i4 t3ii s+oa thetsc a i�i.�irts..sasrkl +r Geed the amount requi l t jru l�ii= aiscraw items when'due ",t; t.excess r, l :K he,
<br />` .satsi$orrottrtfr`s option: %i.+alowrtr �watn J r! Kiaid to &&Tower or credited to Botw er on monthly payn w. Aa -S 4 Fund 11f1the
<br />...waubt of the Funds helRl.l¢ cr %t;;not sufficient to pay the escrow items rss ien due. Borrower shatl�± ,y to Lender any
<br />4"nt necessary to ma3� %r tr ;v c i i cy in one Cr more payments as req;xri d by Lender.
<br />Upop; ^ayment in Uc cf aNsl std secured by this Security Instrument. Lender shall promptly teiia ad to Borrower
<br />any Fun& -*&i by Lender. if gang:*. -'rraxagraph 19 the Property is sold or acquired by Lender, Lender shall apply. no later
<br />than immedi�tely prior to the sak ,Ythe Property or its acquisition by Lender, any Funds held by Lender at the time of
<br />plieation as a credit against the sic :secured by this Security Instrument., .
<br />S. Application of Payments. • -VnIM applicable haw provid es Uthettivise, all payments receiv+ by Lender under
<br />paragraphs 1--and 2 shall be applied,-r-14, to late charges c)titt undes.the Note; second, to prepayment charges due vxrider the
<br />Note; thi:r$, ttia .amounts payable under cagraph.Z.- Courts to itv-d..�t due: and last. to pair Opal due.
<br />4. `Vilest Litaa. Borrowi;7Miall pay -all. taxes, assessments, chars, fines'and;impositions attributibl to the
<br />is
<br />Property which may attain priority.over this Security Instrument, and iewiehold payments or ground rents, if any.
<br />Borrower shall pay thew obligations is# the manner provided in paragraph 2, ar if not paid in that manner, Borrower shall
<br />pay them on time directly to the pers3isi ?wed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph. If Bb ,r :swcr makes these pay6cnts directly. Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has, �rianty over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by in a ma cer acceptable to Lender; (b) contests in good
<br />faith the lien by, or defends against enforcement of the lien in. 11kval proceedings which in the Lenders opinion operate to
<br />prevent the enforcement of the lien air.forfetturc of any part of ftT Property; cir N I secures from the holder of the lion an
<br />agreement wi:vfactory to Lender subootinating the lien to this :15t:urity Instzi:mcr«. If Lender determines that ariflipart of +'
<br />the Property °!'6' subject to a (ten whirls may attain priority over this S.:cz;!raty. luiinument. Lender m3iy give DDrsower a
<br />notice identifying the lien. Borrower shall satisfy omit: liven or take one or mcur u,f, the actions set forth ;aIxTve u :thin IO days
<br />of the giving of notice.
<br />S. iiisiaard lu arance. Iitirrcr r:F a a t keep the i:lptmvnents now existing or hereafter ertt tvd on fly.p. Property
<br />insured agairim hiss by fire, hazards included within the term' �rwivided coverage" and an ypther hau -ydb; for which Lender
<br />requires insurance. This emsurance shall be mair!ained in Ifni c,irt : :, n;4 and for the periodti shag ila:tder requires. The
<br />insurance carrier pruviv nog t:be insurance shall hw ,chosen by to I.endet's approv.0 which shall not he
<br />unreasonably withheld'..
<br />All imvurance pair ;ts and rere;, ads sha:6 be icceptaMe, Lender and shall a standard mortgage clause.
<br />bender shall! Uiie the t ^g! : to hold V!, L,:nder requires. Doircjvv shall promptly give to Lender
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<br />all receipts of raid prem.= '. and renewai nor:zcs ri'l, 'he loss, Borrower shall give prompt axi.e to the insurance
<br />carrier and Lender. Lender may make proof of lcs2 :i;linot ma0vn5".1mptly by 4iurrower.
<br />Unless Lender and Borrower otherwise agave in wntini , ... insurance pr(weeds shall be applied ct, r.Sioration or repair,
<br />of the Property damaged. if the restoration or repair is econrtta :c•ally feasible and Lender's security is not lesws eel. If the
<br />• restoration or repair is not economically feasible or Lendei "sets .%Jruy would be lessened, the insurance proccurl;t. V %Ail be
<br />applied to the sums secured by this Security Inslmment. A1,.e!her or not then due, with any excess pjA tv- birrower. If
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<br />Borrower abandons the Property, or does not ansa fr° within 30 days a notice from Lender that the +.m!itirancr carrier has
<br />offered tosettle a claim, ihcn Lender may collect the insurance rniceeds. lender may use the proceai;) n repair or restore
<br />the Property or to pay sums secured by this Security Instruri►r ot. whether or not then due. The 30-day period ;i:alllxgin
<br />when the notice is given.
<br />Unless Lender and Borrower otherwise agree in writing. arty application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amoutlyof the payments: If
<br />under paragraph 19 the Property is acquired by Lender, Borrower's right to any insurance policies and proceeds resulting
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extent of the aums secured by thy- -$ iarity
<br />Instrument immediately prior to the acquisition
<br />6. Preservation and maintenance of Property; Leaseholds. Borrower shalt tint destroy. damage or substantially
<br />change the Property, allow the Property to deteriorate or commit waste. If this Security instrument is on a leasehold,
<br />Borrower Shall comply with the provisions of thelease. and if Borrower acquire;, fee title to the Property. the leasehold and
<br />fee title shall not merge unless Lender agrees to the merger in w riling.
<br />7. PwIrctim of L.tailoes Rights in the Property: %1ortplage Assurance. If Iiorro%er fails to perfrrtnr the
<br />%4i :�i{wit4 wnd ag :crmciit%,,oiitaiirfd ire Or, St.: urt €y In.ir urnnrt. of it =C r %a iCsa1 prvrCetltrig that may -tyrnilicandy at'ie.-t
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<br />Lender's rights in the Property (such as a prtNeeding in bankruptcy. probate. for condeinri.itovr or to enforce laws or
<br />regulatitms). then 1 ender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights
<br />in the Property. Lender% actiimr may include paying any sums secured by a lien which lam prority over rhty security
<br />L instrument. amaring ni court. paving reasonable attorneys' fees arid catering on ttic Vropercy tit make repairs Although
<br />l.ettder may take action under this pir39fa sh T. Lender does nit have todo sit
<br />Any amounI%dtsbur%cd by Lender udder ihis paragraph '►shall two joie additantal debt of lfornn%cr recured by thi%
<br />Security Instrument tlulc•s %,irowe�t ,ind Lender :lRree souther terrir, ref t arm :ctit_ th %Se run+ *unto sh.111 f�C ii It :iPrL'it frvitt
<br />thr date of dtsburserrrni at the tit =te rate and "bal! Ise VIyahle. �:►tt< 04:71r ,tt, 11041, rig u_f try ill 1 et,iirr to lh, rto %ter
<br />requesting payment
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<br />4.
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