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<br />LiNttaotttntCOVENANTS dot' tawnsadLeeadetrommimtandagreeasfol lows:
<br />1. Ps n"I of Ptit:irl ititad [thrash !egwneeat sad Lags Charges. Borrower shall prompay pay
<br />the principal ofand interest on thedebt evithacedbytheNate and any prepayment and late charges dune under the Note
<br />x Fim6 tbrTu a lead holiaam StA*t to awk4k law or to a written waiver by Lender, Borrower shall pay
<br />"Funds")
<br />tog on the day mmthiy paytitm ats are due tinder the Note, until the l Idte'is paid in full, a suns ( equal to
<br />oat -twemb of: (a)' yearly taxa and amicaidrtertts which nay attain priority over this Security Instrument; (b) yearly
<br />hwehoid payments or around rents on the Property, if any; (c) yearly hazard insurance premiums, and (d) yearly
<br />mor%W insurance premiu ns. if my. These item we called "escrow items." Lender may estimate the Funds due on the
<br />buisofcarrent data aid naiorabieadowesoffuture escrow items.
<br />The Funds shall be held is an inatkutim the deposits or accounts of which are insured or guaranteed by a federal or
<br />t>taiie agleecy (incleding Leader if >.oettdCr is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Ler�des may not chair for holding and applying the Funds. analyzing the accattrtt oc verifying the escrow items, unless
<br />ILtgdtr pays Borrower interM on the Fiaads and applicable law permits Leader to make such a charge. Borrower and
<br />lender may aim in writing that •iiiWiv t shall be paid on the Funds. Unless an r greemaat is made or applicable law
<br />requires interest to be paid,•t.ertdar s>Jiot be required to pay Burrower any interest or earnings on the Funds. Lender
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<br />shall give to Bot7ower, withorai cba ,?tiianntaal accounting of the Funds showing credits and debits to the Funds and the
<br />paspose for which each debitt,atite''ii4m}swas made. The Funds are pledged as additional security for the sums secured by
<br />this Security Instrument.
<br />If the amount of tfilr� !±lands held by. Lender, together with the future monthly payments of Funds payable prior to ,
<br />the due dates of the estroN kerns,'SW a xttt eel the amount requir!ot; a pay the esciew items when due. the excess sltrtlli are;.
<br />at Swrower's opt "; eitliN promptly n*d to Borrower er cast ed to Borrower on rrtgn1foly payments of Funds* It,
<br />amount of the Fps held bg f ender is teat sul6cieni t� lass t a mow items when due. &rrziwer shall.pay to Lemb, tr
<br />atittount nece many to makeomfiedeficiency in o neocmiace:.piuyments as required by Lender.
<br />Upon payinqu in fdl'af all sums secured by, thj«a wutity instrument. Lender shall promptly :riefund to Bi*rr -,. wen
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<br />any Funds heed. Pr.X Jender. If tinder paragraph 19 the Phi t) i� ;old or acquired by lender. [render AA:apply,. � liter
<br />than itrtmetfiattr prior to the sale of the Property or its.;, by Lender, any Funds held by Lender-at they of
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<br />applicatim asS&Wit against the sums smured by this: a ri* l &:Yument. ,
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<br />-.3. Apjlii'iltia of fiiyteteata. Unless appikat le law provides otherwise, all payments receimil L-y Lender under
<br />paragraphs Land 2 shall be applied: first, to We charges due under the Note; second, to prepayment.cti; es due under the
<br />!Vote; third, to.amounts payable under paragraph 2; fourth, to interest date; and last. to principal due_
<br />4. cliarsm Lieaa. Borrower $ball pay all tam assessments, charges, fines and: i» ositioBs attributable to the
<br />Property which may attain priority:+ m this Security Instrument, and leasehold payi -s or gn;�and rents, if any.
<br />Borrower shall pay these oWi&ions i1.1li+C mannef yieeNided in paragraph 2. or if not paid itti sat trtmm, Borrower shall
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<br />pay them on time directly lotbit'gemon owed pay miL Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this parag : if Borrower makes these payments directly. Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly dischaW any lien which has,,' over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good
<br />faith the lien by. or defends against enforcement of the lien in. legal proceeding,% 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) secures from the holder of the lien an
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<br />agreement satisfactory to lender subordinating the lien to this Security instrument. If Leader determines that any part of
<br />to .:. .
<br />the Property is subject to a lien which may attain priority over this Security instrumcsa,. Under may give Borrower a
<br />notice identifying the lien. Borrower shall satisfy thr Beer or take one or more of the actions set forth above within 10 days
<br />of the giving of notice.
<br />S. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured again:/Mbss by fire, hazard, included within the term "extended coverage" and any other hazards for which Lender
<br />requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The
<br />insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be
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<br />unreasonably withheld.
<br />All insurance pa;;: and renewals sh:l1 be accepczb!c to Lender and shall include a staudud niongage ciausc.
<br />Lender shall have the rigtt io hold the policies sand renewals. if Lender requires, Borrower shall promptly give to Lender
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<br />all receipts of,jat i premiums and rerw.wal notices. In the event of loss. Borrower shall give prompt notice to the insurance
<br />carrier and L.eiider. 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 is economically feasible and Lender's security is not lessened. If the
<br />restoration or repair is not economically feasible or Lender *s security would be lessened. the insurance proceeds shall be
<br />applied to the, ;alias secured by this Security Instrument, whether or not then due. with a:ry excess paid to Borrower. If
<br />Borrower abamAoris the Property, or does not answer within 30 days a notice from Lender t hat the insurance carrier has
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<br />g9ar+ad to settle a claim. theca Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore
<br />dW.Pec►peny or to pay suns: secured by this Security Instrument. whether or trot then due. The 30-da) period will gin
<br />when the malice is given_
<br />Unless EtlRder and Borrower othheriwise agree in writing, m+ application of proceed& to principal shall not extend or
<br />patpone the mice date of the monthly W, ments referred to in pit> t#mphs 1 and 2 or chong#�Atr amount of the paymmvis. If
<br />under paragril,k 19 the Property is acgiAred by Lender, Borrowe; s rigkt tG fluty insurance.Oolicies and proceeds resulting
<br />fettatti damage to the Property prior to the acquisition Otall pass to Leader to rhr.,extent of the sums secured by this Security
<br />00rument immediately prior tothe acquisition-
<br />6. Presenatioa ace/ titailatertaatu of Property; Lettaetteildi. Borrower shall not d(vitroy. damage or substantially
<br />change the Pra►perty, allow the Propency to'deteriorate or comaul waste. If this Security Instrument is on a leasehold.
<br />Rotrower shall comply with the provisions of the lase, and if Borrower acquires fee title to the Property. the leasehold and
<br />W title shall root merge unless !_ender agrees to the merger in writing.
<br />7. Prafectieo of Leader's Ridtta is the Prolierfy; MortSM Inerime. If Borrower fails to perform the
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<br />covenants and agreements contained in this Security Instrument, or there is a leltal proceeding that trtav sirunf►cantly affm
<br />Lender's rights in the Property (such as a prweeding in bankruptcy. probate. for condemnation or to enforce laws or
<br />regulations). then Lender may doand pay for whatever i%necessary to protect the value of the Property and Lender's rights
<br />in the Property. Lenders actions may include paying any sums secured by a lien which has priority over thi% Security
<br />Linstrument.
<br />appearing to court. paying reasonable attorneys' fern atW entering on the Property to make repairs. Although
<br />Lender may takeaction under i hit paragraph 7. Lenderdoes not have todoso-
<br />Any aw wits disbursed by Lender under this paragraph 7 shall become addittonal debt of Borrower secured by this
<br />Swuntylnstrumeni Unlnsilirrtower and l. cnder agree toather terms orpa) ment. thew amounts %flail beat Intere+tfnm►
<br />the date of drtibuvwtnent at the Ncite rare and shall be p tyabte, with intetesr, up,n notice from I ender to iihitw'Acr
<br />taxluesting payniriit
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