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UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 90-- 10 6 0 41 1. Payment of Principal and Intsrssq Prepajmnent and Late Charges. Borrower Shan promptly pay when due the prinolpal of and Interest on the debt evide noed by the We and any p apaymanl and late charges der under the Note. g. Funds for Tax" and Insurance. Subject to apploable law or to a written waiver by lender. Borrower shal pay to Lender an tine clay mottibly, paietwo we clue under the Note. until the Note is paid In lull. a sum ("Funds') equd to onttmMth of: (a) yearly Was and assessmanb whId may allsin prio* over this Ssourity Insbument (b) yearly Isssahotd payments or Wound rents on the Property N snY(o) yearly I — Nsuanoe pl- it, I : and (d) yearly mortgage ins renae premiums. N any. These Now are Oiled "stem hems." Lender crag esflatMe the Funds due an the bale of curried data and roasarable .stkrutea of k*n escrow items. The Funds siW be held In an Institution the deposits or a000unis of which are Insured or guaranteed by a Weal a stale agency (Including Lender N Under Is such an Institution). Lender shat apply the Funds to pay the escrow Norms. Lender may not charge for holding and applying the Funds, anaybng the s000unt or vWft the uoraw items, unless Lender pays Borrower Interest on Ow Funds and applicable leer permits Lander to malts such a charge. A charge assessed by Lander to oomwmWon with Borrowers anteing Into this Seamy Inehurn@nt to pay the ocat of an Independent tax repatirnp service o W not be a charge for purposes of the preceding sadence. Borrower and Lander nmy agree In willing that Interest shelf be paid on the Funds. Unless an agreement b made or applfcabie law requires Interest to be peld. Lander &half not be required to pay Borrower any Interest of earnings on the Funds. Lender shell give to Borrower. without charge, an anrwd accounting of the Funds showing or*** and debits to the Funs and the purpose for which each debit to tine Funds was made. The Fuum b are pledged as addtonal seauNy, for the sums secured by this Seadty Instrument N the smotunt of the Funds held by Lender, together with the kdn monthly payments of Funds payable prior to the due dates of the escrow Ihme. shall s weed the amount requkad to pay the &@craw items when der. the arms shell be. at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly pgrnnts of Funds, 9 the amount of the Funds held by Lender Is not sulldaN to pay the escrow items when due. Borrower shal pay to Lander any amount necessary to make up the daildency, N one or i more payments as ro**W by Lender. Upon paymerd In full of all rums secured by this Security Instrument, lender shall promptly refund to Owner any Funds held by Loniior. N under paragraph 19 the Property Is add at acquked by lender. Lender shall apply, no Inter then immediately prior to the oars ' of the Property or it* acquisitlen by Lander. any Funds held by Lender at the time of applcaUon as is credit against the sums sea nd by Mile Security knit urmnt. $. Application of Payments. Unless applar W law provides otherwise, all payments received by Lender under paragraphs 1 wad 2 shell be applied: fit, to We charges due under the Notes; second. to Prapayrnerq °ha'!!es due under the Nate !fnitd. to at!lotrtris •payable under paregreph 2; fourth, to Interest due; and Isal, to pemc4W due. i d. Charges; Liens. Borrower shall pay sit taxes, assasmems, charges, fines and impositions attributable to the Property which may attain prionly over this Security Instrument and leasehold payrraen to or ground rents. N any. Borrower shall pay these obligations In the manner provided In paragraph 2. or N not paid In that manner, Borrower shall pay then on tins directly to the person owed payment. Borrower shall promptly furnish to Lender all notleas of amounts to be paid under this paragraph, If Borrower makes these paymante t , l dhK*. Borrower shag promptly furnish to Lender receipts evidencing the payments. Sommer shah promptly discharge any nee+ which has priority over this Security Inabument unless Borrower. (a) agrees In writing to the payment of the obligation secured by the Man In a manner sooeptable to Lender. (b) contests in good faith the Men by, or defends i sp last enforoement of the No In, legal proceedings which In the Landa s opinion operate to prevent the eniorcanent o7 the Man or f �. forIeWre of any part of the Property.or (e) secures tram the holder of the Men an agreement saildsetory to Lender wAxx *14 the Tenn rte this Security Insbumnnt. N Lander determines that any part of the Property is subject to a Men which may atteh priority over this Security - - -:. Md a eaL Lend* may give Borrower a notice klsntifying the Ism. SGnower shall satisfy the Man or Wee one or mom oi; 2 %o actions ad sz forth above within 10 !lays of the giving of no1iea. :rte g. Hawd InsuranaW."416frbwer shah keep the knprovemoate now existing or hereafter erected on the Property Insured against , Ina by fin, hazards included within the tam "extended eovsrage" and any other hazards for which Lender requites Insurance. This In swance shah be maintained In Uw amounts and for the periods that lender requires. The Insurance carrier providing the Insurance shag be r'=M by Ow mar subject to lender's approval which OW not be unreasonably withhold. AM Insurance pWciss and rernwals shall to acceptable to Lender and shah Include a standard (010119498 Clause. Under shag have the fthl to hold the poldes and renewals. IN Lender requires. Borrower shall promptly give to Under al mccipts of paid premium and NWAW notices. In the event of lose, "TOwsr shelf Wier prompt wAics to the Insurance tamer and Lander.lunder may make proof of lose 9 not made promptly by Borrower. Unless Lender and Borrower otherwise agree In writing, insurance proceeds stall be applied to reatorallon or ropulr of the Property ?' { i damaged, 0 the ►atonflon or repair Is economically feasible and lender's security h not lessened it lira restoration or repair is not ewnomloay feasible or Lander's security would be lessened, the Insurance proceeds shag be applied to she sums secured by this Security Instrument, whether or not then der, with any excess paid to Somower. If Borrower abandons the Property, or does not answer within 30 days a notice from Lander that the insurance carrier has offered to settle a claim. then Lender rosy collect the Insuranoe proceeds, lender may use the pr000Kk to repair or restore the Property or to pay sums secured by this Security Instrument whether or not than due. The 3D-day period will begin when the notice Is given. Unless Lander and Borrower otherwise apes In writing, any appiiation of proceeds to principal @half not extend or postpone the due date of the morribly payments refuted to In paragraphs 1 and 2 or change the amount of the payments. N under paragraph 19 the Property Is aoquked by Lender, Borrower's right to any Insurance policies and wooesda resulting from damaw to the Prooab odor to the ace_ laidon shall paw to Lender to the extent of the sums by this Security Instrument knm@distely prior to the aoqulsinon. 6. Preservation and Maintenance of Property; L.esstsholds. Borrower shall not destroy, damage or substantially change the Property, allow the Property to deteriorate or commit wants. If tits Security Instrument Is an a leasehold, Borrower shat comply with the provision of the tease, and N Borrower acquires fee tM a to the Property, the leasehold and fee title shag not nmerpe until the Lander agues to the merger in writing. 7. Protection of Lender's Rights in the Property; Mortgage Insurance. If Borrower fads to perform the covenants and agreements contained in this Security Instrument, or then Is a legal proceeding that may significantly affect Lender's rights in the Property, (such as a 1p a c A in bankruptcy. probate, for oondametbn or to enforce laws or regulations). then Lender may do and pay for whalvew is necessary to protect the value of the Pwporty and Lerx:e s rights in the Property.. Lender's actions may Include paying any suns seared by a Net which has priority over this Seauttf In truraAd. appwdng in taut, pjwq reasonable atlomeys' fees and entering 7 - L an the Propery, to make repairs. Although Lender may take action under paragraph 7. Lender does not have to do so. My armour is disbursed by Lender under parapaph 7 shag become additional deW of Borrower secmvdi by this Security Instrument. We" Borrower and Lender agree to other tern@ of payment. these amounts shag bear interest korn the dale of disbursement at the Note r- fate and shag be payable. with kdwmL upon notice from lermli r to Borrower requesting payment tp 00833671? pokVe 1 0 A r-t: 16 Cn fasAO) -- - - - -