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<br />90-1060140
<br />UNIFORM COVENANTS Borrower And Lender covenant and agree as follows:
<br />1. Paymest of Principal and Interest; Prepayment and 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 and lassvaaee. 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 pnority over this Security Instrument; (b) yearly
<br />lemehold 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 ofcurrent 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 Fund% 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 he 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 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 security for the sums secured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to
<br />the due dates of the escrow items, shall exceed the amount required to pay the escrow items when due, the excess shall be,
<br />i at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />amount of the Funds held by Lender is not sufficient to pay the escrow items when due, Borrower shall pay to Lender any
<br />I amount necessary to make up the deficiency in one or more payments as required by Lender.
<br />Upon payment in full of all sums secured by this Security Instrument. Lender shall promptly refund to Borrower
<br />any Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender, Lender shall apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by lender, any Funds held h) Lender at the time of
<br />application as a credit against the suers wured by this Scour ity Lustrument.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs 1 and 2 shall be applied: first, to late charges due under the Note; second, to prepayment charges due under the
<br />Nate; third, to amounts payable under paragraph 2: fourth, to interest due, and last, to principal due.
<br />4. Charged Liem. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br />Property which may attain priority.over this Security Instrument, and leasehold payments or ground rents, if any.
<br />Borrower shall pay thew obligations in the manner provided in paragraph 2, or if not paid in that manner, Borrower shall
<br />pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />! to be paid under this paragraph. If Borrower makes these payments directly. Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Secunty Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (h)1 ontests in go. d
<br />faith the lien by. or defends against enforcement of the lien on, legal proceedings which in the Lender's opinion operate to
<br />,prevent the enforcement of the lien or forfeiture of any part of the Property; or (c) sec. res 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 />the Property is subject to a lien which may attain priority over this Secunty Instrument, Lender may give Borrower a
<br />ttotim identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br />of t he giving of notice.
<br />S. Hamad Issursaoe Ilirrower shall keep the improvements now existing or hereafter erected on the Property
<br />" insured against loss by fire, hazards ind -Wed w-ithin the term "extended coverage" and any other hazards for which Lender
<br />requires insurance. This insurance sba:l be maintained in the amounts and for the pencils that Lender requires. The
<br />insurance carrier providing the inumuece shall be chosen by Borrower subject to Lender's approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br />Lender shrill 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 tresat:rance
<br />carrier and Lender. Lender may make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair
<br />of the Property damaged, if the restoration or repair rs economically feasible and Lender's smunty is not lessened. If the
<br />restoration or repair is not economirally feasible or Lender's security would be lessened, the insurance proceeds shall be
<br />applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. If
<br />Borrower abandons the Property, or does not answer within 30 days a notice from Lender that the insurance earner has
<br />offered to settle a claim, then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore
<br />the Property or to pay sums secured by this Security Instrument, whether or not then due. The 30-day period will begin
<br />R tnC i':.ug :nM1 a siTm.
<br />Unless Lender and Borrower otherwise agree to writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of the payments. If
<br />under paragraph 19 the Property is acquired by Lender. Borrower's right to any insurance pohcres and proceeds resulting
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extent of the bums secured by this Security
<br />Instrument immediately prior to the acquisition.
<br />6. Pre wvadon and Maintenance of Property; Leaseholds. Borrower shall not 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 t he lease, and if Borrower acquires fee title to the Property, the leasehold and
<br />fee title shall not merge unless Lender agrees to the merger in wnttng.
<br />7. Protection of Lender's Rights in the Property, Mortgage Insurance. If Borrower fads to perform the
<br />covenants and agreements contained in this &-aunty Instrument, or there is a legal proceeding that may vgm8cantly affect
<br />L Lender's rights in the Property (such as a proceeding to bankruptcy. probate. for condemnation or to enforce laws or
<br />regulations), theft Lender may do and pay for whateser is necessary to protect the salue of the Property and Lender's rights
<br />in the Property. Lender's actions may include paying and sums secured b) a hen which has prioni% aver this 5ecunty
<br />Instrument, appeanng in court, paying reasonable attorneys' fees and entering an the Property to make repaim A Ithough
<br />Lender may take action under this paragraph 7. I ender does not have to do sa
<br />Any amounts disbursed by Lender under this paragraph 7 shall herome additional debt tit Harrower secured by this
<br />Security Instrument ttnit %% Borrower and I ender agree eel tither terms tit pa} mint. throe amount% shall twat utrerest from
<br />the date of disbursement at the Note rate acrd shall he Im%ahlc. with mit"tnt. atom nartte tiorn Lender it, Borrower
<br />requesting payment
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