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<br />UNIFORM COVENANTS Borrower and Lender covenant and agree as follows: �"~ 104347
<br />1. Psymeat of Ptiscipal and littered; Prepayment and Late Charges. Borrower shall promptly pay when due
<br />the principal of ipd interest on thedebt evidenced by the Note and any prepayment. and late charges due under the Note.
<br />2. Fttarila for, Tiutes sad iasarasee. 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 f till, a sum ("Funds") equal. to
<br />one-twelfth of: ('a) yearly tax^s and _assessments which may attain priority over this Security Instrument; (b) yearly
<br />kazeitakl 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.Wricy (Includilig Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />L ender may not cbirrge for holding and applying the Funds. analyzing the account or verifying the escrow items, unless
<br />Lender:psys Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br />Lender -awy Dgre iii: writing that interest shall be paid on the Funds. Unless an agreement is made or aplgicab(e'lasv
<br />requires intesrea to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Friuli «; I *r4r
<br />skald giv.t to Bnrr4weri without charge. an annual accounting of the Funds showing credits and debits to the l used mtrf;tfir ,
<br />purpm ft%r which each debit to the funds was made. The Funds are pledged as additional security for the sums
<br />thia5aurity Instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly payments of Funds payabl g't6'
<br />the due dates of the escrow items, shall exceed the amount required to pay the escrow items when due, the excess shad tae;
<br />at. Borrower's ofttion, either promptly repaid to Borrower or crediftd to Borrower on monthly payments of Funds. if the
<br />smnunt of the Funds held by-Ltmder is not sufficient to pay the escrow items when due, Borrower shall pay to Lender any
<br />amnuntfne essary to make up-tbe deficiency in one or more payments as required by Lender. :
<br />upon payment in full bf 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, na raver
<br />than immediately prior to the sale of the Property or its acquisition-by Lender, any Funds held by Lender at.(beJ3m.t6f
<br />application as a credit against the sums secured by this Security Instrument. :
<br />3. A ietitiow of Pa
<br />ppi ytrtrats, Unless applicable law provides otherwise, all payments received
<br />p��trtrg phs 1 and 2 shall be appife : first, to late charges due under the Note; second. to prepayment chargers'.,1 undg., ��he
<br />:otitis; third, to amounts payable tender paragraph 2; fourth, to interest due; and last, to principal due.
<br />d. Chwyeg 1A *s. Borrow --r !1sall:pay all fixes. assessments, charges, fines and impositions attributable 7,;,: dki,:
<br />Property which may attain priority ove- this Security Instrument. and leasehold payments or ground, zz .r^ti., =f alt.
<br />Borrower shill pay these obligations in the manner provided in paragraph 2. or if not paid in that manner. shall
<br />pay-them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notnV:s e' i=&—iits
<br />to be paid under this paragraph. If Borrower makes these payments directly. Borrower shall promptly furnish to Lis-4,cr
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge:rmy lien which has priont over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien to a manner acceptable to Lender, Ib) contests in good
<br />faith the lien by. or defends against enforcement of the Iten in, legal per .-c=dings which in the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfvurt of any part of the Rndpeny; or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordin .ding the lien to this Securiq Instrument. If Lender determines that any pan of
<br />the Property is subject to a hert which may attain priority over this Security Instrument. Lender may give Borrower a
<br />notice identifying the lien.. l3k :Ktt•twrtrr shall satisfy the licovor take one or more of the actions set forth above within 10 days
<br />of the! giving of notice.
<br />S. Hazard fasuraaitt} Ekrrower shall keep thv fsnprovemems now existing or hereafter crectcd cm -,.he Property
<br />insured against Im by fire, hazards included within the term "exten:Dot :overage" and any other hazards fo'r which Lender
<br />requires insurance. This insurance Shall be maintained in the amounts and lair the periods. that Lender requires. The
<br />insurance carrier providing tae. insurance %hall he chosen by Borrower subject to Lender's approval which shall not be
<br />unseasonably withheld.
<br />j All insurance pohctn'a+nx3 renewal% shall be acceptable to Lender and shall include a :standard mortgage clas:sw�,
<br />Lender shall have the right to bald the rmfr,--tes and renewals If Len der requires. Borrower shall promptly give to Lerrrlinr
<br />all receipts of paid pier mans and renevtal: +dad s ce%. In the event of o c. Borrower shall give prompt notice to the insuran +.t
<br />carrier and Lender. Lei,.der rfi;.,, make rcot. ^i;ide promptly by li[+rrvwer.
<br />Unless Lender and (i+.�srri %vr otherwise agree in writ.,,rg, insurance proceed% shall he applied to restoration or repair
<br />of the Property damaged, if .!ht trestoration or repair is mc.nom[caIay feasible and Lender% security is not lessened. If the
<br />restoration or rep+nr is not economically feasible ar Lender's w.:taTry: would be lessened. the insurance proceeds shat I I*
<br />applied to the wmi secured by this Security Instrument. whether +;r not then due. with any excess paid to Borrower. If
<br />Borrower abandons the Property. or does not answer wit Lim 30 days a notice from Lender that the insurance carrier has
<br />offered to settle aciaim. then herder may collect the invursnee proceeds. Lender may use the proceeds to repair or resters.,
<br />the Property or to pay sums secured by this Security hiss urnent, whether or not then due. The 30 -day pchod will begui,
<br />when the notice is given.
<br />Unless Lender and Borrower otherwise agree to writing, any application of proceeds to hri,ierpal shall not exterd: ar
<br />postpone the due date of the monthly payment% referred to in paragraphs 1 and 2 or change the an[ount of the payments. if
<br />under paragraph 19 the Property isacquired by Lender. Borrower', right to any insurance pAictes and pnicceds resulting
<br />from damage to the Property pnorto the acquisition shalt pass to Lender to the extent of the %urns secured by fill-. Security
<br />Instrument immediately prmr to the acquisition.
<br />ti. Prederratiow and Maintenance of Property; Leaseholds. lorrower sh ttt not dt.•sircoy, ttamage or %ubstantially
<br />change the Property. allow the Property tt-t detertt+rate or commit waste. If this Security Instrument is on a leasehold.
<br />Borrower shall comply with the provisions (if the lease. and if Horumcr acquires fee title ter the Property. the Ieawhnld and
<br />fee utleshall not merge units% 1ruder agrees to the merger to writing.
<br />T. Prole km of lender's RiftLts in the Property; Mortgage Insurance. If Rirrower Earls to perform the
<br />covenants and agreements containtd in this Security Instrument, or there t%;t legal pr,nccdtnE that stray s[gnlftcantly affect
<br />i.•fo&f'� fight. rtr for Pr+.I+criy (such as a pirmceding in bankruptcy. probate. ins conctc innarrnn or to enforce taus tat
<br />regulaittonsf, them I. ender may do and pay for whatever [ %meets %wry to protect the %af us. of the Property and Lender's right%
<br />rn tht Property lenders actwil% may include rayuig any sums wvuted by it lien uh,dh ha, prtor[t" user the% Sccuruc
<br />Instrument. anwAl -Ing to court, paying rea%tniahle attorneys' fees and entering on the I'rojlerty io makerepaus. Although
<br />Ira ndet ntiy 11411C.10 ItIti under 111116 par:rar,[fib 7, l.rrtder d(re%uot have tp do %o
<br />Any :trntsuni,tf : %huttictf by t estder under thi %parigrapli ".half of H,,rroucr %ccurcd 1V} this
<br />%.utu,y instrumcm Vnles i Wrr +.Wei lld !.ender agree to 41he:r teml-.41l l•a }1tiela, rhrse..amr.unr. sh :,l) bear micte�t fr,m+
<br />the ilw(. 44 dohursr+rent at the Note rate :tit+) .hall be 1.[jarte. as": ;fttcrr•.t. ,;F ..,t +y, t.• a :r. tit t,; 11011`t�uct
<br />rtg.:esnng paytnrr;t
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