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UNINOPM COVENAMM Borrower and Lender covenant and agree as follows: 89-404556
<br />!• P!y'sesm of PHNCW aM Iaeseat; PrerttyOatt aced Late ChMP& Borrower' shall Promptly pay when due
<br />the Priscipat of and inters on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />_- lF=ds tit' T=w send laaanaea. Subject to applicable law or to a written waiver by Lender. Borrower shall pay
<br />to Lender oa the day monthly payments are due under the Note. Note ")
<br />until the is paid in W. a sum (•'Funds equal to
<br />oW4%,Mb of- (a) yearly taxes and assessments which may attain priority over this Security Instrument; .(b) yearly
<br />payments our ground rents on the Property- if any: (c) hion
<br />yearly insurance premiums; and (d) yarly
<br />>aortWs ittwra.oe patgniMa" if any. These items are called "escrow items.•' Fender may estimate the Funds doe on the
<br />bafsl3 oftusrrttsat der gad reasonable admates of future escrow, items.
<br />The Funds sW be bdd in an institution the deposits or accounts of which are insured or guaranteed by federal or
<br />taste "Nsfy (snchWbg Lender if Leader is such an Wstitutiotaj. Lender shall apply the Founds to pay the act&* item.
<br />Leather may not c>tiup for holding Old 2WYiti the Funds, analysing the account or verifying the escrow items, unless
<br />Laradar pays Borrows interest on the Funds asd applicable lawn permits Lender to
<br />make such a chats Borrower and
<br />Loader may ague in a'^—tint that i="a' shall be dos the , Unless an
<br />tAfRt�t t0 be t la made or appidrabie Jaw
<br />ngairea paid. Lender shall not be required to pay Borrower any
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<br />z�serest or earnings on the Funds. Leader
<br />dwR Sive to Bartower. witbmt charge. an annual accounting of ft Fun& M.4vilits ud . debits to tyre Puntk ad the
<br />pttrpasefor whkk each debit to theFunds_was made. The Funds
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<br />aa;rjptedged as a��;�etSSG � ��surns second
<br />iiis&+cw*l t_ �'
<br />If the �thr r3" .rdtr.. trier wryt^4 mast E:�vfyt� tih�srl�sa$te for to
<br />tAemedata aftitietCtci+ r3 i;, s% w�> etkeatsriregSeiredt< Qsv.9nraiviterr ;3>±ief;�ics':••
<br />at 1lie'vsrer's rase, either put} i to Borrower or cry f�a Pottawr on moaEtHt116rPaytix 'ciFFut::f1Fi(DtR ,
<br />ateigi M of bite 1F2kU hdd by Lender is o sut6cient to pay the escrm items when due. 8or r shall pay to Lendiatioasy
<br />siwofsmt siecessa¢y 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 />my 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. Funds
<br />any held by Leander at the time of
<br />Application Asacredit against the sums secured by thisSecurity Instrument.
<br />3. AMNftt as of Psytaaatas. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs 1 and 2 shall be applied: first, to late chuges due under the Note; second, to prepayment charges due under the
<br />Note, third, to amounts payable under paragraph 2; fourth, to interest due; and last, to principal due.
<br />4 ChW*a; Chats. Borrower shall pay all taxes, assessments, charges. fines and impositions attributable to the
<br />Property which may attain priority. over this Security ingrument, and leasehold payments or ground rents. if an
<br />Y.
<br />Borrower shall pay these obligations in the manner provided in paragraph 2. or if not paid in that manner. Borrower shall
<br />Pay them on tirne directly to the persm owed payment. Borrower shall promptly furnish to Lender all notices of smoumts
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<br />to be paid under this paragraph. if Borrower mattes these payments directly. Borrower shall promptly furnish to LRmder
<br />receipts evs&acing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower. (s)
<br />agrees in writing to the payment of the ooh aion assured by the lien in A manner acceptable to ImWa'. (b) contests in
<br />faith
<br />good
<br />the lien by. or defends against enforcement of the lien in, legal proccedinp which in the Lender's opinion operate to
<br />prevent the enforcement of the lien of forfsisure of any part of the property; or (c) secures from the holder
<br />of the lien an
<br />agnemerit satisfactory to Lender subordinating the lien to this Security Instrumeet. If LendeY determines that any pare of
<br />the Property is UtWt to a lien which maF attain over this Security
<br />priority Instrument, li.Mkf may give Borrausa a
<br />notice identifying the lien. Borrower shall saessfy the lien or take oase m more of the actions aee'idrth above within to days
<br />of thegi."iig of notice.
<br />S, 1Haaaril lawrasee. Borrow¢r shall keep. Or, in;^,;roverMza now 1114,ting or hereafter erected on the Property
<br />insured aping lots by Are, hoards included w-,1t4:r, aye term ••eater. cove: `• and any other hazards for which Lewder
<br />requires insuram -e This insurance shalt 1bc rn&;?ft&ined in the amounts and far the periads that Lender requires. 'rhe
<br />iawranee carrier providing the insurance shall be chosen by Borrower subject. '10 Lenders approval which shall be
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<br />unreasonably withheld.
<br />All insurance Policies AW renewals shall be acceptable to Lender and shall include a standard nmttga pe ct+aarse.
<br />Leader dwH have the right to hold the policies and renewals. If Leader requires. Borrower
<br />$aloon promptly give to Lesdfer
<br />All rucipts oii'paid pre niumsand renewal notices. in ebe event of loss. Borrower shall give prompt mottos to the insurance
<br />arnica and Lender. Lender may make proof of loss if not Made, promptly by Borrower.
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<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration of repair
<br />Of glue Property damaged. if the restoration or repair is economically feasible and Lender`s security is trot lessened, If
<br />restoration or repair is not economically feasible or Lenders security would be lessened, the insurance proceeds shall be
<br />applied to the wags secured by this Security Instrument. whether
<br />or not then duce, with any excess paid to Borrower. If
<br />Borrower &hand= the Property, or does not answer within 30 days a notice from Lender that the insurance artier has
<br />owed tostttk a claim. then Lender may collect the insurance
<br />proceeds. Lender may use the proceeds to repair or restore
<br />the PtOPerty or to pay sutra secured by this Security instrument. whether or not then due. The 30.day period will begin
<br />when the is
<br />notice given.
<br />postpone Unleaas Leander and Borrower otherwise agree in writing. any application of proceeds to principal shall not extend or
<br />The due date of the monthly payments referred in
<br />to paragraphs 1 and 2 or change the amount of the payments. If
<br />host �' Property is acquired by Lender. Borrower's rigM to any insurance policies and proceeds resulting
<br />dsntye roperty to
<br />prior the acquisition shall pass to Lender to the extent of the sums secured by this Security
<br />instrument immediately prior to the acquisition.
<br />Maistrsiasce otP1n/ery: Lsaseblia. Borrower shall not destrgry, damage or substantimPly
<br />dunge the Property. allow the Property to deteriorate
<br />or commit waste. If this Security fassiument is on a kak*dd,
<br />&mower shall comply with the provisions of the kale. and if Borrower acquires fee title to the Property, tK, P, 4essehoid and
<br />hetitk shall not mergeunkaa Laxrderagrees, to the merger in writing.
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<br />7. F""'e'do at Lsftwe Mulcts ilia glue Preporty, Mortwa laiwrartee. if B turner fails to perfortn tie
<br />� is and agriet�mmts contained in tbiis�urity Instrument. or Mere rs a legal proceedw4 r%m
<br />tnay eipniBcantty t
<br />r'f- -' P •• (s; h i,: P:`�d in bsnkruV,: , �woba'e. for condo .era r c. cr r� �aiforce laws t r
<br />ngttiati0iaa), tires Lahsder ispiy dr aced pay far wbrttevcr i!s
<br />iaeeesatry ¢o ptotecr t ire r+a.:+t cat' ehie prt'periq and itrertdees rights
<br />M tlittrlF tiperay. Gam's acmes may incdtae pay.�fg,sny sums secured by a lvs: ch fsas pnonry over this Security
<br />iMrs tstsrtI appaaRaS in Cosh, paying ressot die ar.orricys' fees sasdeMering
<br />Fire lire Proper V C,* make r
<br />Lastirarsaay taitttrcNider under this rs r 'T epain. AitbaiWgih
<br />Pa g - . tender does nos havirtado so.
<br />Any asnoutta disbursed by !lender under this paragraph 7 shall became additional debt 6( Borrower secured by th, s
<br />3"ity Instfuffit1 it. Vnkw Borrower and Lender agree to
<br />Other terms of paytnerst, these amounts shall bear interest from
<br />tM-a daik of dgbufaem ml at the Note rate and shall be payable. with interest, upon notice from Lender to Borrower
<br />na1st oft ft .11fir .
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