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<br />104592
<br />UNtpowtlu CovENAw ts. Borrower and Lendercove;nant and Wee as follows:
<br />11. Payw at of PrlKlpd gad Intensity Prepsyneat and Late Charges. Borrower shall promptly pay when due
<br />the principal of and intereston the debt evidenced by the Note and any prepayment and late charges due under the Nate.
<br />Z Faadw for TexattaadIsamrarsee. Subject to applicable law or too written waiver by Lender, Borrower shall pay
<br />to Lender cc the day monthly payments are due under the Note, until the Note is paid in fult a sum ( "Funds ") equal to
<br />ose- twreMb oft (a). yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly
<br />temebtid payments or ground rents on the Property, if any; (c) yearly hazard insunnce premiums: and (d) yearly
<br />wArq age b urance premiums, if any. These items are called -escrow items." Lender may estimate the Funds due an the
<br />bail ofcartent data and rasombletatitmtesof future escrow items.
<br />The Fwsds shall be hold its an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br />state atgpatcy iiaciudia= Leader it Lender is such an institution). Lander shall apply the Funds to pay the escrow items,
<br />i ender array not charge for holding and applying the Funds, analyzing the account or verifying the ewrow items. unless
<br />Loader pays Borrower intet�t o n the Funds arA applicable law pernwits L rider to make such a cltat�t Hixr�rer and
<br />Leader may agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br />regwires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />awl on to Borrower, without charge. an annual accounting of tl� Funds showing credits and debits to the Funds and the
<br />pattpose for which each debit to the Funds was made.1hefZavo'Ls, predged as additional security for the sums secured by
<br />this Secatity Instrument.
<br />U the amount of the Funds held by Leader. togethirwidt tbn Exture monthly payments of Funds payable prior to
<br />the due dates of the escrow itetas, shall exceed the amount required ro Amy the escrow items when due, the excess shall be,
<br />at Borrowals option, either pmeriptly repaid to Borrower or cre&x d to Borrower on monthly payments of Funds.. if the
<br />aaaoiant of the Funds held by Lender is not sufcient to pay the escrow iums whom due, Borrower shall pay to Lender any
<br />ataataat necessary to make up the deficiency in one or more payments as segtsiz� bay Lander.
<br />Upon payment in full of all sums secured by this Security Lnstrntae -, Lender shall; promptly re Rind. to Harrower
<br />stay Funds held by Lender. If under paragraph 19 the Property is s dA Qi acclvdred by Lender. Lender shall apply; gas Ixter
<br />titan imtmediately prior to the sale of the Property or its acquisitiean by Lead, any Funds held by Lander at the tense of
<br />appiictabon as a credit against the sums secured by this Security InstrumeeM
<br />g. Appliatim of Pay'aaestts. Unless applicable taw provides otherwi.ime, all payments received by Lender under
<br />paragraphs 1 and 2 shall be applied: first, to late charges due under the Note; st=nd, to prepayment chulp due under the
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<br />Note; third to amounts payable under paragraph 2; fourth, to interest dui and last, to princiipal due.
<br />d. �!w Lieaa. Borrower shall pay all taxes, assessment s. charges. fines and impositions attributable,4n the
<br />Property which may attain pricnity.over this Security Instrument, and iesn sold payments or ground rents, if any.
<br />&newer shall pay these obi p ions in the manner pmfided in paragraph 4or.ifnot paid in that manmr; borrower shall ' . ,
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<br />pay0m on time directly to the person owed paymeaL Borrower shall proxs pilY furnish to Lender all notices of amounts
<br />to be paid under this paragraph. If Borrower mattes these payzagaitzdirectly. Borrower shall promptly fumish to lender
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<br />toaoeipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower. (a):
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<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, kV1 proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of the lien or fade iture of any pact of the Property; or (c) secures from the holder of the lien sit•
<br />agreement satisfactory to Lender subordbw.ing the lien to this Security Instrument. If Lender determines that any part oft
<br />tbt Property is subject to a. lien which may attain priority over this Security instrument. Lender may giva Borrower a
<br />tstytictsidentifying the lien. i%rmever shall satisfy the lien or take one or moreof the actions set forth above within • t0'day1
<br />oO.W. #-Ang of notice.
<br />5� Hassid haarance. Borrower shall keep the improvernats now existing or hereafter ere oOffln the Ftrrpirny
<br />insuatai agairtsu Jim by fire, hazards included within the term "extranded coverage" and any other hawrd�fr i which Lender
<br />requires insura-Xe. This insurance shall be maintained in the amounts and for the periods that Lauer reaquiris. The
<br />insurance carrier providing the ansurance shall be chosen by Borrower subject to Lender's approval, which shall not be
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<br />u; =sombly withheld.
<br />All insurance policies and renewals shall be acceptable to Lender and shall include a stand il'itioregago clause.
<br />Lander shall have the right to hold the policies and renewals. If Lender requires, Borrowtrrlis l pro t)S11y give to Lender
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<br />all receipts of paid premiums and renewal notices. in the event of loss, Borrower shall give Irmmpt nodcr. to the insurance
<br />carrier and Lender. Lender may nuke proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceWs shall b- appliedto.roxtorationorrepair
<br />of the Property damaged, if the restoration or repair is economically feasible and Lender's. uxurity is not Lessened. if the
<br />restoration or repair is not economically feasible or Lender's security would be lessens i,'tltt, insurance proceeds strati be
<br />MOW to the sums secured by this Security Instrument. whether or not then due. with arty excess paid to Borrower. If
<br />Borrower abandons the Property, or does not answer within 30 days a notice from Lender that ilia insurance carrier has
<br />oBerod to settle a claim. then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore
<br />the Property or to pay sums secured by this Security Instrument. whether or not then due. The 30-day period will begin
<br />when the mice is given.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of the payments. If
<br />under paragraph 19 the Property is acquired by Lender. Borrower's nglhl to any insurance polityos and proceeds resulting
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extent of the suet secured by this Security
<br />Instrument immediately prior to the acquisition.
<br />i. Preservation and Madsteaaance of Properly; Leewhokta. Borrower shall not destroy, damage or substantially
<br />change the Property. allow the Property to deteriorate or commit waste. If this Security Instrument is on a leasehold.
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<br />Borrower shall comply with the provisions of the Legge, and if Borrower acgmres for title to Chet Prulr_rty. the leasehold and
<br />fee title %hall not merge unless L.enderagrees to the merger in writing.
<br />7. Proleetift of LeeadWa i lOts 1a the Property; Mortgage lnsurmKt. If Hnitnavtr fails to perform the
<br />e4wenants and agreementscontasned in this Security Instrument. ar there is a legal pmceedirigibrrmay significantly affect
<br />i eader% rights in the Property (such as a proceeding in bankruptcy, probate, for condtarnnaitin or to enforce laws of
<br />regulations), then Lender may do and pay for whatever is necessary toprotcvt thr valus of tlar Property and bender's rights
<br />in the Property. Lendei s actions may include paying any sums secured by a lire %hnh lam p'toniy over this Security
<br />instrument, appearing in court, paying reasonable attorneys' fees and entering on the Prop"., V to make repairs Although
<br />Lender may take ac-mn under this paragraph 7. Lender does not have to do w
<br />Any amounts disbursed by Lender under this paragraph 7 shall of lk)! rower secured by this
<br />Security instrument Unless Nor$ower and Leader agree to miter terms Of p3y1a:.,h *.1t!sc heat interest froln
<br />tht date of drsbLr�ment at the' NOle r.�rr acid �hiatl be patantC, w�t�. ifltert�•t. itIX,? ► :' -i a from tender it, Wi'+ }uer
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<br />requesting payment
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