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r _ L F UNIFORM COVENANIM iforrawerand tender covenant and 89-- 10448 3 Wee as follows: 1. >raytrwt ef ft facipv ad iaNrast; Prepayment mW Late C berries. Borrower shall promptly pay when due the principalotandiipterest on thedebt evidenced by the Note and any prepayment and latecharges due under the Note. i FW& liar TAM and be romm Subject toapplicabklaw or to written waiver by Lender. Borrower shall pay lot on the day monthly payments are due under the Note, until the Note is paid in full, a sum ( "Funds") equal to awttwdlth of (a) yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly lwnelsold payments or amend rats on the Psopecay,: if nay. (c) yearly hazard insurance prerniwns; and (d) yearly ttamrtM nsaurasoe pnemitt M if any. These items arm called "escrow items." Lender may estimate the Funds due on the 6dtts ofcttrrrstt data mad s+aaodtbk ttq of future escrow items. The Funds "be bold is as institution the depositsor acsaunts of which are insured or guaranteed by a federal or tour agacy (including II,esder if Leader is such so natitutioa). Lender shall apply the Funds to pay the escrow items. Laatdw testy sat cis r for holding mad applying the Fads, analyzing the account or verifying the escrow items. unless Warder pays Borrower interest on the Funds and applicable law permits tender to make such a charge. Borger and Leander racy ISM ie writing that interest shall be pm4 an tbe- Funds. Unlas an agreement is nude or applicable law usgsires iatenest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender tltali give to Borrower. without charge. an annual accounting of the Funds showing credits and debits to the Funds and the ptupose for which each"; iv ice Funds was made. The Funds me pledged as additional security for the sums securaf liy; thisSacurity idstrument. If the amount of the Funds held by Lender. together with the future monthly payments of Funds paysbk print tom; the due dates of the escrow items, shall exceed the amount required to pay the escrow items when due, the excess sbaW tl ; It 130MNNes option, Other promptly repaid to Borrower or credited to Borrower on monthly payments of Funds, hi m. nannst of the Funds held by Lender is not suScient to pay the eacr.3w items when due. Borrower shall pay to Uende terry msoailt necessary to make up thedeiciency in one or more psy merits as required by Lender. . Upon payment in full of all suns secured by this Security tastrumett. Lender shall promptly refund to Borrower any Funds held by L ender. If under paragraph 19 the Property is sdafid or acquired by Lender. Lender shall apply, no fa it ties istowdisidy prior to the sale of the Ptnpaty or its soquisitioer by Lender. any Funds held by Lender at the time_ df application as credit against the sum secured by this Security Instrument. & AppilarHw of Paysemals. Unless applicable law provides otherwise, all payments received by Lender under paragtapsM 1 and 2 shall be app d: Am to late charges due under the Note, second. to prepayment charges true under the Not4 rdgind. to aunoiamta paYabk unn kr Pvsonpb Z fourth, to interest due; and last. to principal dun 4. CtirW)Lieda. Borrower pay all tuna. assessw eats, charges. Ana and impositions attributable iii titw Pinoperty which 'saw attaa,pOority W this Smuity Imtrttmeat -'WW leasehold paysienis or grounds rants. it nay. 8otrower"pay ow �a Ck. manner provided in paragraph 2, of if not paid in that manner,, Borrower shall pay them an time directly to err. p awa amro d payment. Borrower ship promptly furnish to tender all noixa of amounts to be paid under ft pe rapaph, 1V(3ixra+i a makes these paymea%4b ectly. Borrower shall promptly furnish to Lender receipts evideecyng she payments. Borrower shall promptly discharge any lien which has prior:cy over this Security Instrument unless Borrower. (a) agrees in writing to the payment of the obligation inured by the lien in a manner acceptable to lender. (b) contests in good faith the lien by. or defends against enforcement of the lien, in. legit prooeedinp which in the Lender's opinion operate to prevent the rsforroxrent of thin Bien a forfeiture of any part of tlta Property; or (c) secures from the hokkrof the lien an agreement satisfy to LaKW subordinating the lien to this security instrument. if Lender. iietermines that any part'oif the Property is subo d to a Uxm, *hich may attain priority over tin Security Instrument. Lender may give Borrow # notice idmtifying the lien. BdavTn*er shall satisfy the lien or take one or more of the actions set forth abater' within 10 days ofthegivingofnotice. S. Hamel lawmen. , Borrower shall keep the improvements now existing or hereafter erected on the Property inured against lore by ire. hazards included within the term "extead ed coverage" and any other hazards for which Lender requires insursag T%! * insurance shall be maintained in the amounts and for the periods that Lender_ requires. The uuuranee carner:p6viding the insurance shall be chosen by Borrower subject to Lender's approval wbkb shall not be unremmmissbly wiahbrld. A2 Qolida And- renewals shall be acceptable to I oeender and shall include a standard mortgap clause. Leader shill JIM, dim si*h1l W bold the policies and renewals. if Lender requires. Borrower shall promptly give to Lti ctr all rmodpts of psidfPc essttmts arced renewal nodices. In the event of leas. Borrower shall give prompt notice to the insarstmrr carrier and Lender. mender essay make proof of loss if not made promptly by Borrower. UnkW Lender and 11wrower otherwise agree in writing. insurance proceeds shall be applied to restoration or repair of the Property damaged. if the restoration or repair is economically tensible and Lender's security is not liessened. If the ratotation or repaia is not economically feasible or lender's security would be lessened. the insurance proceeds sW1 the mppiied to the sums secured by this Security Instrument. whether or not then due, with any excess paid to Borrower. if Borrower abdadaa the Property. or does not answer within 30 days a notice from lender that the insurance carrier has 49 1d to mile a claim. then Lender may collect the insurmnce proceeds. Lender may use the proceeds to repair or restore the PMPNtY or to pay sums secured by this Security Instrument, whether or not then due. The XWsy period will begin wear the notice is given. Unkn Isrndet mad Borrower otherwise agree in writing, any application of proceeds to principal shill not extend or postpone the due date of the mmthly payments referred to in paragraphs I and 2 or change the amount of the payments. If under F - ragna Ill t 19 the hoperty is acquired by tender. Borrower's right to any insurance policies and proceeds resulting fmas dWNW to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security Instrument immediately prior to the acquisition. IL 11% iv add hisiMeaaact of Preparl Lassidw k Borrower shall not destroy. damage or substantially change the Property. allow the Property to deteriorate or commit waste. If this Security Instrument is on a kmsehold, Borrower shall empty with the provisions of the leaser and if Borrower acquires fix title to the Property. the Iasehm and fie title"not renege unkas Lender agrees to the merger in writing. 7. Pratart m of L sk s Ri*b is the pmpwty; Mastgage issmraaee. If Borrower fads to perform the oovettartes and agrommts contained in this Security Instrument, or there is a legal proceeding that may stria 0 Res tly affect lamdr 's r4*s in the Property (such as a proceeding in bankruptcy. probate. for condemnation or to enforce laws or Mutations). then Lender may doasd pey for whatever is rsecestary to protect the value of the Property and Lender's rights in tlse Property. Lender's actions may include paying any sums inured by a lien which has priority over this Security Im inrtttest. appearing in court. paying reasonable attorneW fees and entering on the property to make repairs. Although Leader dssY take action under this paragraph 7. Lender does not have to do so Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this Security Instrument Unless Borrower and Lender agree to other terms of payment. these amounts shall but interest from the date of disbursement at the Note rate and shall be payable, with tnterest. upon notice from Lender to Borrower requesting payment 0 i_