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<br />104208
<br />UNiFORMCOVIENANIS • Qorrower and Lender covenant and agree a% follows:
<br />1. Payumt of Piriaelpl gad lateresu PrepyawM and l.atte Cbarg". Borrower shall promptly pay when due
<br />the prtacipal of and interest on the debt evidenced by the Note and any prepayment and late chargers due under the Note.
<br />Z Woods for Taxes gird Iasutaaee. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender tit► tfrK tPa y.monthly payments are due under the Note, until the Note is paid in full, a sum ( "Funds') equal to
<br />one•twelfth of (A).yafarly taxes and assessments which may attain priority over this Security Instrument: (b) yearly
<br />leasehold paymenta sir• "rv'iw„r -curs or, the Property. if any; (c) yearly hazard insurance premiums: and (d) yearly
<br />mortgage insursn" pm, tiigiltf0f any. These items are called "escrow ite=ms." Lender may estimate the Funds due on the
<br />buis ofeurrent data and mawable estimates of future escrow items.
<br />The Funds shall be heet:itl i)t institution the deposits or accounts of which are insured or guaranteed by a federal or
<br />state agency (including Lender irkeddirir Ksuch an institution). Lender shall apply the Funds to pay the escrow items.
<br />Lender may not cbtrge for holding and sppli6rig the Funds, analyzing the account or verifying the escrow items, unless
<br />Letdar.pays Borrower interest on ultra Fttn&- and applicable law permits Lender to make such a charge. Borrower and
<br />Leoider tnay,agree in writio that xntdrest shall be paid on the Funds. Unless an agreement is made or applicable law
<br />requires intemt. to be paid, Lender shall -not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Basrrowar,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 sccurby for the sums securte
<br />this5ecurity Instrument;
<br />if the amount sir the. Funds held by Lender, together with the future monthly payments of Funds prior to
<br />The due dates of the escrow, Kcros, shall exceed the amount required to pay the escrow items wben due, the h s shall be,
<br />at Borrower's option, either promptly repaid to Borrower or credited to Borrower on montl',l g, payments of Purids. If the
<br />amount of the Funds held by Lender is cat-sufficient to pay the escrow items when due, SwmOr shall pay. tp Lender any
<br />amount necessary to make up the defieietmy-in one or more payments as required by Lender. ' ' • [ -
<br />• Upon payment in full of all sums sa mred by this Security Instrument. Lender shall promptly ref to Borrower
<br />any Funds held by Lender. If under paragAzmh 19 the Property is sold or acquired by Lender, Lender shall apply, no later
<br />than immediatela: prior to the sale of the Property or its acquisition by Lender, any Funds hod by Lender at the time of
<br />application " a of Wit against the sums sei;rred by this Security instrument.
<br />3. Application of Payovests. Unless applicable taw providt:s otherwise, all p3ymee:'�5'received by Lender under
<br />paragraphs 1 and Z shall bearded: first, to tale charges due under the Note; secured; to prepayment charge due under the
<br />Note, third, toatnoumspay" �under paragraph 2; fourth, to interest due; and la:=�4 rig, prittciptildue.
<br />6. C1arr later%. Borrower shil pay all taxes, assessments, charges, fines and s r anions: ,U`ibutable to the
<br />Property whi&- cmay attain priority over t4is Security instrument. and leasehold payrnev dr grciv!aJ rents, if any.
<br />llo o,vkvr shail'p%-)y These obligations in the inanner provided in paragraph 2, or if nat paid in that manner. ; %rrower shall
<br />pay, piit , on time directly to the person om4 fuyinent. Borrower shall promptly furnish to Lender all r ta4s of amounts
<br />to be tom' under this paragraph. If Borroviat� makes these payments directly, li> i -wiwer shall promptly f°zdm h to Lender
<br />roceiptxevidencing the payments.
<br />Borrower stball promptly dischargraay lien which has priority over this Security Instrument unless Borrower. ,a)
<br />agrees in writing to the payment of the oN.Sation secured by the lien in a manner acceptable to Lender; (b) contests in good
<br />faith the lien by. of 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 fa*f.iture of any part of the Property; or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender subord:~ zng the lien to this Security Instrumc:t, If Lender determines that any part of
<br />the Property is ,.:Meet to a lien which rra�y attain priority over that: Security instrument. I:.amdcr may give Borrower a
<br />notice identifying the lien. Borrower shamsatisfy the lien nr take oar -it more of the actions sia: frarth above within In days
<br />of Cbr giving of notice.
<br />S. Hairatd Insurance: iborrowcr Shall keep the improvements now emr, :.rang or hereafter erecre,; oii the Property
<br />in" red against loss by fire. hazzrd% includod within the term "extended coverage " and any other hazard-, fib; which Lender
<br />requires insurance. This insurance shal? ice• .maintained in the amounts and for the peritias chat lender requirm. Vic
<br />insurance carrier providing the insurance k.ball he chosen by Borrower subject to Lender's approval which shall not 'be
<br />upreasonably withheld.
<br />All insurance policies and rerewss shall be acceptable to Lender and �l :,a :i include a star lard i�� irtgage clause.
<br />Leer A�r- shall have the right tv N: -td the p�iw-ics and renewal-,. If lender requires, Borrower shall prom;;'t) give to lender
<br />a!3 ra —cipts of paid premium; and rrr,ewax gustier-,. in the event of Goss. Borrower shall give l•r; ta"pt notice to the insurance
<br />carrier and Lender. Lender may make proof of lens if nut made promptly by Borrower.
<br />.Unless Lender and Bsvrower otherwiseagrec in writing, insurance proceeds shall be a�j;;�tn'ed tormlafa.tion or repair
<br />of tbo: Property damaged. if thg restoration or repair is economically feasible arA Lender'-, It-,sencd. if the
<br />restoration or repair is not esamomicall) feasible or I.,ender's security would tv: l .:encd, Cw j mLeeds shall be
<br />applied to the sums secured icy ibis Secunt:y Instrument, whether or not then diw, with an , paid W Borrower. if
<br />Borrower abandons the Prol>rry. or dares not answer within 30 days: a notice 1fisin Lender that the insurance carrier has
<br />offered to settle a claim, then t rtadrr may collect the insurance proccedv. L.cnder. may use the proceeds to repair or restore
<br />the Properly ur to pay sums wtured by this Security Instrument, whether or not then due. The 30-day period will begin
<br />when the notice is given.
<br />Unless Lender and Borrower etherw me agree in writing, any application of proceeds to principal shall not extend or
<br />pawtpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount (if the payments. if
<br />under paragraph 19 the Property a% acquired by Lender. ltorrower'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 !if the sums %%:cured by this Security
<br />Instrument immediately priortotheaequkiticm.
<br />6. Preservatba mild Mainteaaneeof Property. leaseholds. 11ornlwcr shalt not deslrsty, daniage or substantially
<br />change the Property. allow the Property to deteriorate sir commit waste If this Security ir,�rrunarut is tin a irarchuld,
<br />Borra.,wer shall compiy with the provision of the lease, and of Iorrower m.tuires fee title to riot., Prulvi,ly. the leawhold alie,
<br />fee lit leahall not merge unless Lender agree,. to the merger in writing.
<br />7. Pirotectioa of Leader's Rights in the Property; MortRaite Insurance. li' Cji7iJ, we fats% to perfornr lire
<br />covenants and agreement% contained in this Security Instrument. or there is a legal p.'.needirtg`titat may significantly ;ctfuect
<br />Lender's rights in the Proper.) (such a.,, a prmcirding in bankruptcy. probate. for condemttstton ur to enforce lawj„evi
<br />s�tsr...:.••:::}. Ilse- n Lend:rmaydoandf"-yfcr:+.haie:rr i, ee"
<br />trcssatyt. rprutc,0 the vaiurofthePr9m "yandLcndcr`srtghtc
<br />in the Property. I cndcr s action-, may include paying any sums secured h) a lien which has prmrit) over' this Security
<br />Inutuatient, appearing in court, paying reasonable attorneys' fees and extent:g on the Property to make rcpairs Although
<br />Lender may take action under thiti paragraph 7. Lender does not have todo tor.
<br />Any ar►snuntsdisbursed by Ltnder under this paragraph 7 shall become additional debt of Kitt ower secured by tin%
<br />Security instrument. Unkss llo vrower and l ender agree h +other terms of pmment. these arnounts shall hear interest froen
<br />the date cif di%hurwmem at the Note rate and %hall be payahle. with irirereN. uhrra rnrtice from i e>uter n• lt,irrower
<br />requrstmlt payment
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