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J i.i oil F UNtI'OW COVENANiS. Hommer and Lender covenant and agree as follows: 89--1 104636 I. 1Paytnast of Prftt*d ftd b*wGst PreVaymmt ud Lae Cl won Borrower shall promptly pay when due the principal ofand interest on the debt evidenced by the Note and any prepayment aind late charges due under the Note. i. Farads for Tasu ant lawranee. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender an the day monthly payments are due under the Note, until the Note is paid in full, a sum ( "Funds ") equal to one-twelfth of (a) yearly taxes and auessments which may attain priority over this Security Instrument; (b) yearly kuehWd !efts or grau d saw an the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly ntarWr irtaurasce premiums, if any. These it= gar calk d "es.MW itiew-a" U-Wer may estimate tlx Funds due' on t C basis ofcatrent data and reasonable estimates of future escrow items. The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or state "MCy (including Linder if Leader is such an institution) Lender shall apply the Funds to pay the escrow items. Leader may not charge for bolding and applying the Funds. analyzing the account or verifying the escrow items, unless Leudu pays Borrower interest an tie Funds and applicable law ptxanits Lender to make such a charge. Borrower and ]Leader may agree in writing that interest :ball be paid on the Funds. Unless an agreement is made or applicable law requim interest to be paid. Leader shW not be required to pay Hotrower any interest or earnings on the Funds. Larder shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each 4thit to the Funds was made. The Funds are pledged as additional security for the sums secured by t>va Security lastsutaem�... If tie aatsxa3lr 2frJb -. F; aft field by Lender, together with the future monthly pa:)Inents of Funds payable grior t : the due &&* of f* e=.-,W 'i smell etieeed the amount cwired to pay the escrow items when &u, the assess s f e. :. ' at Borwweev .cis pintnptty �b to BorrowerMCMdited to Borrower On monthly lsayta ents of Fwidi. if the amount of die ll;=ds ile�d by Leader is not sufficient to pay t*ewrow items when due, Borrower slag!! pay to Lender any aumnitnemsia;yCOMM&AuPthedeficierigy in one or morn: pants as required by Lender. UPM ptymant in full of all sums secured by this Secs dy Instrument. Lender shall promptly refund to 1 xioiwer any Funds held by Leader. If under paragraph 19 the Property is sold or acquired by lender. Lesser shall appb no lateu than immediately prim to the sale of the Property or its acquisition by Lender, any Funds hdd� 'I,ender at the time off, . application as credit *point the aunts secured by this Security Instrument. _ ` - 3. ANliratka QQ Pay.adrt. Unless applicable law provides otherwise, all payments received by Leader under ' paragraphs 1 and 2 shall be applied: first. to late charges due under the Note; second, in.. jprepayment charges due under the Note; third. toamounts payable under paragraph 2; fourth, to izstaest due; aM last, try pindpal due- 4- ChK11W UMML Borrower shall pay all taxes, assessments„ ik targes, tines and impos Woes attributable to the Property which may attain priority. am this Security Insm r „.=a leasehold payments W.- round rents, if any. ,lgormsrer shall pay these obiyadm is the manner provided; inpstcatgraph 2. or if not paid in tha wanner. Borrower shall Pay than on time directly to the Pam Owed payment. Horcn*t m shall promptly rumish to L.endL- *Ell notices ddnrnounts to be paid under this paragraph. U Borrower makes these payments directly. Borrowwer snail prc�ptly famish to Lender receipts evidencing the payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) sgroa in writing to the Payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good faith the lien by. or defends against enforcement of the lieu in.;W proceedings which in the Lender's opinion operate to preveat the enforcement of the lien or forfeiture of any part of the Property; or (c) secures from the holder of the lien an agreewnt satisfactory to Lender subordinating the lien to this Security Instrument. If lender determines that any part of the Property is subject to a lien which may attain priority over this Security Instrument, !,ender, may give Borrower a notice identifying the lien. Borrower shall misty the lien or take one or more of the actions set rant; above within 10 days of the giving ofnotice. 5. Ifia:ari laasraaea S4mwer shall keep the Lemgrovements now existing or hereafter erwed on ibe Przpectp insured agt»tu loss by fire, hazard&. i:n,•,luded wirhim the terry. "extended coverage” and any other haa-rds for wtiii;.lt Leader inquires insurance. This insurance shall be mtahrtained in the amounts said for the periods ttaa Lender requires. The insurance carrier providing the insurance sha& lye chosen by Borrower siib*t to Lender's apVw.u. which ':hall not be unreasonably withheld. All insurance policies and rattewals shalt be acceptable to Larder and shall i:a O"I' a standard rn(mp zr clause. Lender shall have the right to tuAd. t'R a policies and renewals. if Lender requires. Borr'oe m shall pr.•ompity five to Lender all receipts of patd premium and renewal notwm ra the event of 1014 Harrower shall give prorcrO; fux cc to the insurance :?earner and LeWm. E.4m& -r may make proofof km if not made promptly by Borrower. , Unka Lender and Borrower otherwise agree in writing. insurance proceeds shat! be applied to restoration or repair 4f, Qlre PmpeM damaged. if the restoration or repair is economically feasible and Lender's security is not lessened. If the rawatias rx repair is not economically feasible or lender's security would be lessened, the insurance proceeds stall be app!. to the sums semul by this Security Instrument. whether or not then due, with any exccsa, paid to Borrower. if Borrower abandons the Property. or does not answer within 30 days a iztim from Lender that the insurance carrier has aEaed to settle a claim. then Lender may MIMI the insurance proceeds. Lender may use the proceeds to repair or restore the Property Of to pay sum secured tsy this Security Instrument. whether or not then doe. The 304sy period will begin when the mice isgivaL Unless Under and BorrMtrWliawnsesgree in writing, any apptiesko of proceeds to prim ipnl shill not extend or Ptr.,rsr, the due do- :e Of the F1100111y iwY r dtffcd to in paragraphs 1 A&y 2'or change the.wctoust oithe payments If tinder paragraph 19 the Property is acquired by Lender. Borrower's right 6 4t j insurance polio ft and proceeds resulting' from damage to the Property prior to the acquisition shall pass to Lender to r the extent of the sums secured by this Security lnstrumat immediately prior to the acquisition. L aM MsiiNsasaee sf Prs�er jr; LeaseboML B+arm suer shall not destroy. damage or substantially ctoaanfle the Property, allow the Property to deteriorate or commit waste. If this Security instrument is on a leasehold. BOrrOwer shall comply with the provisions of the lase, and if Borrower acquires fee title to the Property. the leasehold and fee tick shall not merge unless Lender agrees to the merger in *writing. 7. Robed" ad I,sta/a''s 1 Wft is Ow Prsrerty; MW4W Ins tee. If Borrower fails to perform the covenants and agromaents contained in this Security Instrument, or there is a 10-0- Proceeding that may significantly affect LeMer's rights in the Property (such as a proceeding in bankruptcy, probate. for condemnation or to enforce laws or etgalatioaa), thin Lender may do and pay for whatever is neceatary to protect the value of the Property and Lender's nghts in the Property. Lender's actions may include paying any sums secured by a lien which has priority over this Security 11"M MI. appearing in court. paying reasonable attorneys' free and entering on the Property to make repairs. Although Lender may take action under this paragraph 7. Lender does not have to do to., Any amounts dabunted by Lender under this paragraph 7 shall become additional debt of Burrower secured by this Security Instrument Unless Borrower and Lender agree to other cetms<d'payrtent. these amounts shall bear interest from The date of dnbursemmi at the Now pad and shall be payable, *ilk entlrest, upon notice from Lender to Barrcwer requesting payment. PW r J r: W