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90- x.00240
<br />UNIFORM MENANT3. Borrower and Lender covenant and agree as follows:
<br />1. payout our principal and iatereat; Prepyment sad Late Charges. Borrower shall promptly pay when due
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />2. Fads for Tn" artd IttswaMee. Subject loapplicable law or to a written waiver by Lcndcr. Borrower shall pay
<br />to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sutra ( "Funds ") equal to
<br />gne- twelfth of: (a� yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly
<br />leasehold payments or around 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." Leader may estimate Cite Funds due on the
<br />basisof current 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 agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br />Lender may agree irr writing that interest shall be paid on the Funds. Voless an agreement is made or applicable law
<br />requires interest to be paid. Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge. an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged: as addctiouaG security for the sums secured by
<br />this Security Instrument.
<br />If the amount: of, the Funds held by Leader. together with the fulurq montMy'.W$m_ents of Funds 17ayable prior to
<br />the due dates of ftem - w itetrts,,13NNAU exeee0: Ow amount required to pay th ce es=, VX i tzalmk *het cf lire, Ma excess SWI be.
<br />at Borrower's CV64 .61JheT prmgr iy irripWY2 r,T: &rmwer, or credited, vnT &mau vtar,2tr. i7t: ili7ly l7a7'mmyis. aC Funds. iC tare
<br />atrnarurf: (if ifter1FtMi}s lltdii a y L4WA r, i,s rsrst: WO-...160 et: W,17,Ry 1J1 1_14ZMT %%i1I:t7 .q wGv ou Barr 3WW sb Aly, Mp'tV Untu r retry
<br />aystrtttsrt:,Mms W Ar t =T IM, k wp,t he W d=c Y lit ( v7r r. 13T1TrR` p).tt, , iirnwis ,es ne;omeJ by IA.RJl rr.
<br />Vgma paytnout a full of at urds se- m.ma3! I.t�v Ut s 5ec.arsay Instrum, wit, Sender shall prompt-b; endlv.aaX� Co 5.-,,Tm kv!:r,
<br />amy Fu rl+ Cteld by. liaw tt.r. If ttttdea parmgumg t'p t� -,e Property is sold or acpzired by Lender, Lender sh,aU. sppgy. no sates
<br />than immediately Oibr, Cw the sab: cry the Fueperly or its acquisition by Lender, any Funds held ba Leader at the time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs I and 2 shall be applied: first, to late charges 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. C3argm LJens. Borrower shall pay all taxes. assessments, charges, fines and impositions attributable to the
<br />Property which may attain priority,over this Security instrument. and leasehold payments or ground rents, if arty.
<br />Dot-rower shall pay thew obligation: in the manner provided its paragraph 2. or if not paid in thal ntanucr. Ilorruwer shall
<br />pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph. If Borrower makes these payments directly. Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />Agrees In tufting to tine payment of the obligation secured by the lien in a manner acceptable to Lender; (b) amicsis Its gCnid
<br />faith the lien by. or defends against enforcement of the lien in, legal proceedings 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) see.:rec from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument. it Lender determines that any part of
<br />the Property is subject to a lien which may attain priority over this Security Instrument. Lender tnay give Borrower a
<br />notice identifjring the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br />of the giving of notice.
<br />5. Hazard Insarasm Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against lass by Are, hazards 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
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br />Lender shall have the right to hold the policies and renewals. If Lender requires. Borrower shall promptly give to Lender
<br />all receipts of paid premiums and renewal notices. In the event of loss. Borrower shall give prompt notice to the insurance
<br />carrier and Lender. Lender may make proof of loss if not made promptly by Burrower.
<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 sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. if
<br />Borrower abandons the Property, or does not answer within 30 days a notice from Lender that the insurance carrier has
<br />offered 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 notice 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 1 and 2 or change the amount of the payments. If
<br />under paragraph 19 the Property is acquired by Lender. Borrower's right to any insurance policies and proceeds resulting
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security
<br />Instrument immediately prior to the acquisition.
<br />6. Preservation and Maintenance of Properfg; Lessehotdt. 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.
<br />Borrower shall comply with the provisions of the lease, and if Borrower acquires fee title to the Property, the leasehold and
<br />fee titLe shall not merge unless Lender agrees to the merger in writing.
<br />T Frotecdan of Lerstfe's 1ugllts im the Prapertyt Martgmge Dazze Mv— U" 3orrower fails to perform the
<br />eov+aromsand.mff =. entscontmka6iillthissoeu .ri tyinstrunTenr..errt:It= & Pt that rtvt4:,signiticuQt ,. frect,
<br />tamdx 's'dgkM ua.dw Property ti =h ez u: pmxeading in bankruptcy pmlihv-x. Goa 1n. enforce laves; or
<br />eeq„s pints . Lh at fzcader may d a a:nd Mo OR= Wi's'laver is necewarg r a pr.anw, tJze v bs a -3C IJxe Prq7&M:R; ;end i art JM,7"S rrglits:
<br />lit dim M.- aperty. r1off..der's medians randy itr Irda pays l'a.sing, trims, S=had lid a 5 en. 4rrirh, Bas rnrnray, caer this. sennity-
<br />Itis niwtnt. appal ingin cotu%, attorgq -frees Wd efrccziJatr en 01- c Vroper y tot rn:r C rcgsa m, /Utliuugh
<br />Lendwttay tai:cr'mcCirnr titTdertiil�parsxgt�rl3li 7t L'.enderd&s not have to (iasm
<br />Any amdtUj.1x.&bursed by Lender w der this paragraph 7 shall tim3 mle additional debt a 1kmi%ur secured by this
<br />Security instrum are;. Unless Borrower and Lender agree to other terms ef'.re7ment, these amoustis sli R bear interest from
<br />the date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower
<br />requesting payment.
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