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-tor L a 1 89-104181 UMFORM COVENANiS. Borrower and tender covenant and agree as follows. L Ptttyweat of Priaelgul aged toureat PMpysmw and Lin Ouges. Borrower shall promptly pay when due the ptsedpal of and interest on thedebt evidenced by the Note and any prepayment and late chargesdue under the Note. L Fab far Tun glad laanrasaca Subject to applicable lawn err to a written waiver bio Lender, Borrower shall pay to Leader on the daffy monthly payments are due under the Note, until the Note is paid in full, a sum ( "Funds ") equal to oomwitlfltft of (a) yearly taxes and awsursents ,%hick may attain priority over this Security Instrummt; (b) yearly lunkld payaaeats or grannd rests on the Property, if any; (e) yearly hazard insurance premiums; and (d) yearly mortgage imisrame premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the buss atcttcttast data sod reasonable estimates of future ererow► items. 'fie Funds dull be MU in an iastitatiiott the depaits or accountsof which are insured orguaranteedby a federal or stale tigetacy (includiag Leader it l etude: is such an iaatitution). Lender shall apply the Funds to pay the escrow items. Lender may scot chiuge for hoMW9 and applying the Funds, analyzing the aceouet or verifying this escrow iteins. unless Lender pays Borrower i star on the Funds and applicable law permits Lender to make such a charge. Stirrotrer and Laden may scree roiii,rriting that interest. shit! be paid on the Funds. Unkss an agreement is made or applicable law rehires itttem to be paid. Leada shall riot Fit required to pay Borrower any interest or eumirias on the Funds. lender 00 giwetra florwww. without charge, an annual accounting of the Funds showing credits and debits to the Funds and the stir lane a which each debit to thePunds was made. The Funds are pledged as additional security for the sums secured by thissisea ityrIntraaaent -If the Amount of the Funn& held by Lender. together with the future monthly payments of Funds payable prior to the due 4am. of the escrow itenm; dug exceed the amount required to pay the escrow items when due. the excess shah bc, at axy6i Ws option. either pibaWly repaid to Borrower Ur credited to Borrower an monthly payments of Funds, If the aatogatm ebe Funds held by teis� is not wfTtcient to pa.+ the escrow items whey due, Borrower shall pay to Lander any sttsbtiki -aw asary to make up thedr5ciaicy m one or mars^f. ►ymints as required 8v Lender. Upt)n psymeiot in full of all sums secured by this Security Instro2ent, Lender shall prntaptly rifqwdl try Sorrovir any Funds held by tinder. If under paragraph 19 the Property is s Md w mired by Lender. Lctardrs-shag a;poky, no later than uti tncdrattty prior to the sale of the Property or its acquisition by its -Aer. aaj� Funds held try Under at the time of appliit ation sea credit against the sums secured by this Security Instrunxcm _ : . . 3.• A/piicedw of Payasests_ Ucless.applicable law provides'cthrmise„& pyments rr..ceived by Lender under paragraphs t and 2 shall be applied: first. to talkcharges due under the charges due under tk . NoW,third, to amounts payable under paragraph 2; fourth, to interest due: and last. ��c pi rsieipsidue. 4. CberaW lthm Borrower shall pay all taxes, assessm nits, charges, 6%m anal impositions attributable to she Properly which may attain priority over this Security Instrument. and leasehd d payments or ground rats. if any. Borrowes shall pay ,these ubligations in the maruw provided in paragraph 2. or if not paid in that manner, HOmrj,%vrshaH pay them on timedbtx�dy to the person owed paymiesit. Borrower.ahall promptly furnish to Lender all notice smG.Amianc . lobe paid under this paragraph_ U Borrower makes these payments directly. Borrower shall promptly fumislr a:lr M&W raoeiptsevidencing the payments. Borrower shall prompttydisi<:�targe any lien which has priority over this Security Instrument unless Y3cttt+uwer: (a) agrees to writing to the payment of i1he obligation secured by the lien in a instiller acceptable to tender. (b) ca 'ms in good faith the lien by. or defends against enfortYtrriesit of the lien in, kgd proceedings which in the Lender'sa cr, r:dm operate to. parent the enforcement of the ties or fccfao urn of any part of the Property; of (c) secures from the fi.�i4v ref the lien an agreement satisfactory to Lender subordinates x9be lien to this Security Instrument. If Lender determiiiwhw.any part of the Property is subgmt to a Item which may° attain priarity' over this Security Instrument, Lender may Lrirfc- Borrower a notice identifying the lien. BorrotMe: shall satisfy the lien � take are or more of the merlons set forth above test in 10 days of the giving of mice S. Nassrd lasartiace. Borrower shah keep the improverneny i -now existing or hereafter erected on the Propirvyr insured against loss by fire. hazards included within the term "extendia& xversge ' and any other hazards for Which Lender . requires insurance This insurvicA shall he maintained f_,JL the amounts and for the periods that lender tNeires. The insurance can*f providing tlse i±r s ranee shall he chaser+ by Borrower subject to fiznder's approval whicFit?tlignll not be unrtewoft!+ly withheld All insurance policua and re•newah+.ltall be acceptable to Lender and shali include s :aatzdard mortgage clam* Leader sAall have the right to hold the policies and renewals. if Lenda requires, Bcr:ower shall;p---atnptly give to Lende . all receipts of pail premiums and renewal notices. In the event of toss, Borrower uhxlJ.ipve prompt notice to- &*insuran , .' earner and Leader. Lender may snake proof of loss if not made promptly by Borrower. Unkss Imider and Borrower otherwise agree in writing, insumar proceeds shall be appfuah to restomtim or repair of The Property daretsged. if the restoration or repair is economically fi able and Lender's 4e ci xity is not lessened. If Cke restoration or repair is riot economically feasible or Lender's security would be lessened. the ittutrance proceeds shall be " appbod to the sums secured by -thin Security instrument, whether or not then due; with any excess paid to Borrower. If Domwer absedoas the Property. or does not answer within 30 days a notice from lender that the insurance carrier has oiwW to settle a claim. Then I.i nkr may collect the msurvwx proceeds. Lender may use the proceeds to repairor restore the Property or to pay suers secured by this Security instrument, whether or not then due. The 30-day period will begin wben the "Mice ngiven. Unksa tender and Borrower otlwmise agree in wetting, any application of proceeds to principal shall tot extend or poasponethe due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments. If under paragospb 19 the Property is acquired by Lender. Borrower's right to any insurance policies and proceeds retultmng from damage to the Property prior to the acquis iton shall pass to L"idet to the extrnl of the stems secured by this Security Instrument immWisitely prior to the acquisition f. P"sw"om gad Maiotemmce of Prerea�r; Leaaelt w& Borrower shall not destroy, damage or substantially change the Property, allow the Property to deteriorate or commit waste. If this Security Instrument is ort a lasehokl, Borrower shall com ply with the provnsonsof the lease, and if Borrower acquires fee title to the Property, the leasehold and fie title shall not merge unkss Lender agrees to the merger m wonting 7. Phew isw of ImWees WSW is W Pr*WM; %fortow Iasssraree. If Borrower falls to perform the coratatits and agreertientscontained in ihu5erc:unty instrument, or there is a legal proceeding that may sigmNcently alfect trigger's ngMs in the PrcVerty (such as a proceeding in bankruptcy. probate, for curidemmatton or to enforce laws or rrsWatsonal, then l.esrder may do and pax for whateger tsnecessary to protect the %alueof the Property and Lender's rights ass tbt Prerpeny 1ATAer's actrroris MAY include paying any sums secured by a [ten whrch has priority over this Secunty Im raiment. appearing in court. paying reasonable attorreyi fees and cntertng on the Po- operty: to make repairs Although tiling wAy take acto n under this psngraph 7. Lender dews not have todo so, Any amiunts disbursed bas Lendleir under this paragraph' shall become additional debt of fk,rrower scoured by this Swunty irWrunxnt sntercu from tlae date c}f s# »burse:tienr at the Ncle rate and oihsil he payable. w:th interest up -n noiree from tendet to Mirrowcr rsgrustint pyM"t ri.