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$g"-- 104646
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and late Charges. Borrower shall promptly pay when due the
<br />principal of and interest on the debt evidenced by the Note and% any prepayment and late chargesdue under the Note.
<br />L Funds for Taxes and Insurance. Subiect to applirablo law or to a written waiver by Lender. Borrower shall pay to
<br />Leader on the day monthly payments are due under the Note, until the Note is paid in full, a sum ( "Funds ") equal to
<br />one- t, reffth of: ( a) yeatlyMxes and assesst' neats which mayattainpr iorityover this Sehtrity Instrument, (b) yearly leasehold
<br />psyttentsorground rentson the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly mortgage insurance
<br />premiums, if any. These items are called "escrow, items." Lender may estimate the Funds due on the basis of current data and
<br />reasonable estimates of future escrow items.
<br />The Funds shall be held in an institution the deposits at accounts of 'which are insured or guaranteed by a federal or
<br />state agency (including Lender if Lender is such an institution). Leader shall apply the Funds to pay the escrow items. Lender
<br />may not charge for holding and applying the Funds, analyzing the acmunt or verifyingthe escrow items, unless Lender pays
<br />Borrower interest on the Fu ads and spplicabk law permits: Leader to make such a chatrbe. Borrower and Lender may agree in
<br />writing that interest shall be paid on the Funds. Unless an agrveeme,nt is made or applicable law requires interest to be paid,
<br />Lender shall not be requited to pay Borrower any interest ore-arninb's on the Funds. Lender shalFgNor to Bot'cxer; without
<br />charge, an annual accountingof the Funds shovingcredits anddebits to the Funds and the purpcwfbr whichtiaclt debit to the
<br />Funds was trade. The Funds are pledged as additional security, for the sums secured by M& easy -Instrument. -
<br />If the amount of the Funds held by Lender,togother with iltefuujrr montltty ystynaenz9` i Funds payable prior
<br />due darts of the escrow items, shall exceed the amount riuluired to pay the esc"m i %an -'when due, the excess shall be. m.,
<br />Borrc:'+rer s option, either p6impttly repaid to Borr*s ;r r tar credited to Borrower; 411,14 monthly payments of Funds. If
<br />amount of the Funds held by L'ettder is not: riiifficienr iii pay the escrow items where aurae. Borrower shall pay to Lender>�
<br />amount necessary to make up the deficitiaey �ha;ne ©f-Awre payments as required by Lender.'
<br />Upon payment in full of all sums iii - by this ttrity Instrument, Lender shall pr i 7ptfy refund to Borrower a ;
<br />Funds held by Lender. If under paragraph 19 the Pm pew is sold or acquired by Lender, Lender shall apply, no later than
<br />immediately prior to the sale of tha Ftuperty or its acquisition by Lender, any Funds held by Lender at the timeof application
<br />as a credit against the sutras secured by, this Security Instrument.
<br />;. Applicadon of Paymerim Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs 1 arnl. t�lidl be applied: first, to late charges due under the Note; second, to prepayment charges due under tlx:
<br />Norm* third. to arnii�trrit-: payable under paragraph d; fourth. to interest due; and last, to principal due.
<br />4s Ch i rti: iluttuwer shall pay all taxrm. assessments, charges. fines and impositions aitbh4ui:�rable to ohs
<br />ProP". which may attain priority over this Security Instrument, and leasehold payments or gn ool rents, ii' any. Borroor.- .
<br />shall pay these obligations in the manner provided in paragraph 2. or if not paid in that manner 1$crrower shall pay them un '
<br />tithe directly to this pt:r"in owed payment. Borrower shall promptly furnish to Lender all noticesof amounts to be paid under
<br />thin paragraph. if•Oarrow er,makes these payments directly, Borrower shall promptly furnish to Lender receipts evidencing
<br />the payments.
<br />Borrower shall1prompt:ty discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<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. pr olefends against enforcement of the lien in, legal proceedings which in the Lenders opinion operate to
<br />prev-cot. the enforcement of the lien or forfeiture of any part of the Property, or (c) secures from the holder of the lien an
<br />agr*lptnt satisfactory to Lender subordinating the lien to this Security Instrument. if l.enderdwermines that any part of the
<br />Prcoscm:y is subjecr. to a lien which may attain priority over this Security Instrument, Lender may give Borrower a notice
<br />identifying the linen:_ Borrower shall satisfy the lien or take one of tt,occof the actions set fortivabove within 10 days of the
<br />of notice.
<br />S. Hazard Insurance. Borrower sF:al'• i0mfs :he i.1 -rprovements :ar,• eYiic rg or hereafter erected on the Property
<br />against loss by fire. hazards includeeic *ghiri. ii4r ;ntrm end any usher hazards for which Lender
<br />requires insurance. This insurance shall be m_w nratri,Kr� in the amounts and for the periods that lender requires. The
<br />insurance carrier providing the insurance 0.;,: S be chosen by Bprr(mt:r subject to lender's apprui,al 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. Lender
<br />st0 %ive the right to hold the policies and renewals. if :.ender requires. Borrower shall promptly give to lender all receipts
<br />of paid premiums and renewal notices. In the event of lows, Burrower shall Rive prompt notice to the insurance carrier and
<br />Lender. Lender may make proof of loss ill Sul made pri,mptly by &►rrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance prucc•eds shall be applied to restoration or repair
<br />of the Property damaged. if the, restoration or repair 4 eo-unumically feasible and lender's security is not lessened. if the
<br />resaoirarion or repair is not economically feasible oc Lender's security would he lesssened, the insurance ptanceeds shall be
<br />appl,iod to the sums secured by this Security lnstrumenr, whether ur not then due, with any excess pit 1, t Borrower. If
<br />Borrower abandons the Property, or dues not answer within 30 days a notice from Lender that the insurance carrier has
<br />offered tosettle a claim, then Lender may collect the insurance proceedh. Lender may use the proceeds to repair or restore the
<br />Property or to pay sums secured by this Security Inst rument, whether.or not then due. The 40 -day Perirx) will begin when the
<br />notice is given.
<br />Unless Lender and Borrower uthetwise agree in writing, any application of pruceedc to principal shall not extend or
<br />postpone thedue date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments It
<br />under paragraph i9 the Property is acquired by Leader. 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 Property; Leaseholds. Burrower shall nut destroy. damage ur substantially
<br />change the Property, allow the Property to deteriorate or commit waste If this Security Instrument is tun a leasehold.
<br />Borrower shall comply with the pruvisruns 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 />7. Protection of Lenders Rights in the Property; Mortgage Insurance. If Harrower fads to perform the o uvenanrs
<br />std atioreetrnnts cu statncd in this Security Instrument. err there is a legal prtxccding that may significantly affect l.cnder s
<br />rights in the Ptuperty i suthas a prtxeeding in bankruptcy. prubite. for c< ndeinnarunor metifoae laws our regulatirrtts). then
<br />Lender MAY do and pay for whatever is necessary to poteu tilt value tit the Property and 1_ttider's rights ►n the Property
<br />Lender's atttuns may include paytrng any sutras secured by a hen which has ptitiuty acre this Set wity Instrument, appearing it)
<br />(titrrt. prayrtng Mistinabte attorneys' fees and entering tilt the Property its snake repair.* Although I.rnder oia) take acrton
<br />Lunder this paragraph 7. Lender dues not hive toi,to i so
<br />Any atnuuntsdisbuised by Lender under this paragraph , shall M um►r a ltiuurnat d0i tit Iturrtiaer scoured h) this
<br />Set tit uy Instrument 17 nless 114 of and 1xvider agfer to oriser ter ay. tit pi yrnciit, tt:a tic < +i.)��ui)ty Shall heat acre. re,e (r tin
<br />the :late of disbutsen)t•rit at the• Note rate aced shill fie payabir. with,ntetest, uitoti nw u{ tr• an I c•n.tcr to Hr,trciwcr requritrnw
<br />payment
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