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<br />9 g-- 104673
<br />UNIFORM COVENANi1X Borer and Lender covenant and agree as follows:
<br />11. Psymo of Ptiacipal aM Iatwut; Prepayacat gad Late CWwp c Borrower shall promptly pay when due
<br />the principal ofand interest on the debt evidenced by the Noteandany prepayment and late charges due under the Note.
<br />2. Fus&for Taxes gat! Iamrsaea Subject to applicablelaw or tog written waiver by Lender. Borrower shall pay
<br />to Lendet on the day monthly payments are due under the Note. until the Note is paid in full, a sum ("Funds") equal to
<br />one-twelfth of (a) yearly taxes and assawnents which nray attain priority over this Security instrument; (b) yearly
<br />leaseiold payments or ground pacts on the Property. if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortgage irsw =cc pmniwna. if any. Tiuse ita n are alien "escrow items." Lender may estimate the Funds due on the
<br />basis of ewrent dean 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 Cmclutinjl Lendir if I eades is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Loeinder may not charge for holding and applying the Funds. analyzing the account or verifying the escrow items. unites
<br />Leader pays Borrower interest on the Funds and apphcabk law permits Lender to make such a charge: Borrower and
<br />Lender may aVee in writing that interest shsa:l be paid on the Ftrrtds. Unless an agreement is made or applicable law
<br />requires iatetest to be paid, tender shalt not be required to pay Borrower any interest or earnings on the Funds. Leader
<br />sflatl give to Borrower, without chatp^ are amtgl accounting of the Funds showing credits and debits to the Fundaarad the
<br />Purpose for which eacbdebit to the Funds*is muk.7i�eFunds are pledged asadditional sects, rity forrdmszris (iy
<br />this Seatrity hMUU swat.
<br />If the as xnat of the Funds helld IIiea; .' T ieA 1*. f, =,2 a rm .'fly peymaais d ±? :payablt prior to
<br />the due dates aCcNr>4`tscrow items, zhsU dtsaa OO&1,itay hearer i 'r4 oaN altar s�-�w ite ms wftersdE� i�: ie excess shall be,
<br />a! ms's crp(ii! e� t�tlsec is i51 c r!er,or irre&yd t o i�c�+�r ft on monthly psym is of Funds. If the
<br />sit ° elf tlse iida Isdnf iau�ieiersi i the escrow itosris when dne, Borrower shall
<br />by leggy pay to Lender any
<br />amount newasary to make ap date degciersey in one or payments as required by Lender.
<br />Upon payment in fun of AU sums secured by this Security Instrument, lender shall promptly refund to Borrower
<br />any 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, any Funds held by Lender at the time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />3. Appiieatim of Paymsata. Unless applicable law provides otherwise. all payments received by Lender under
<br />parsp aphs 1 and 2 shall be applied: Ant, to late charges due under the Note; sawrsd, 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 />C Charms Lhaa. Borrower shall pay all taxes, assessawts. charges, fines and impositions attributabk to the
<br />Property which may attain ptiority.over this Security Instrument. and leasehold payments or ground rents, if any.
<br />Borrower shall pay these obliptions in the manner provided in paragraph 2, cr if not paid in that mariner. Borrower shaU
<br />pay them on tune directly to the person owed payment. Borrower shall promptly Ilimish to tender all notices of amounts
<br />to be paid under this paragraph. If Borrower mutes these payments directly. Borrower shall promptly furnish to Lender
<br />receipts evidencting the paytrsents.
<br />Borrower shall promptly discharge any fiat which has priority over this Security Instrument unless Borrower: (at)
<br />agrees in writing to the payment of the obligation secured by the lien in a maarteracceptable to Lender (isi.contests in goad
<br />faith the lien by. or defends against enforcement of the lien inn. legal proceeding; 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) secure& from the holder of the lien an
<br />agaetwsent satisfactory to Lander subordinating the liens to this Security Instrument. Mender determines that any part of
<br />the Property is subject to a lim which rtrtay attain priority over this Security Instrument. Lender may give Borrower a
<br />noble- Weatifying the lien. Dormer shall sati* the Win or take one or more ofthe actions set forth above within 10 days
<br />oftYnegivit�gofnotice.
<br />S. Haaasd Iaawrasee. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by Are. hazards included within the term "extended coverage" and any other hazards for which Lender
<br />requires insurance. This insurance shall be maintainrdd in the amounts and for the periods that Leflc,�p requites. The
<br />insurance carrier providing the insurance shall be cbesen by Borrower sutOwx to Lender's approval +ty#Ah shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be acceptable to Lender and shall include a standw4 mortgage clause.
<br />Leader shell have the right to hold the policia and renewals. If Lender requires. Borrower shall prone pt3y give to Lender
<br />all trieeeiptsof paid premiums and renewal noticec in the event of loss, Borrower shall give prompt nasm w the insurance
<br />caMer and Lender. Lender nary matte proofof loss if not made promptly by Borrower.
<br />Unless Leander and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair
<br />of the Property danuW& if the restoration or repair is oeconomicaZy feasible and Lender's security is not lessened. If the
<br />restoration or repair is not economically fusible 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 thews 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 />offer 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 stueis 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 />postpou 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 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 />S Ptreserntiea nand Mdateaaaee of Proptrl , Iwaaehofta. Borrower shall not destroy, damage or substantially
<br />ebattpe the Property, alWw the Property to deteriorate of commit waste. If this Security instrumena m on a leasehold.
<br />illantr.Vtwtr sJs Uwmply wa.1tlhe provisionsaf the kase. and if Borrower aca;x res fee title to the Property. tin teasehold and
<br />fia"ttletiWow anerge Was Iowa apm i o the nags in writing.
<br />T. PaortireOm of Loa/a's Riabis Gtr flat Pmyerty; Matrtlprge Imeraaee. if Borrower fps :a pvfrmn the
<br />its gad agreements contained in f&arument, or there is a iegl proceeding that rriay-a; r.,ficar.l :; aTect
<br />11aASUtf>ee' :.siif* in th' P" n- y (!t,iti as a "se :in b"p' °y, Probeti: for arias..,'- mr.atim; ov r:. :nfosrc 1: -s -or
<br />n*AmOwL ten Lender may do and pay far %1hsrrver Is necessary to protect t:l'e value of the Property a zd tender's i,,,A'h%
<br />it,!* Prmpi nyl Under's actions may iasitade paying any sums secured by a lien which has priority over this So=ity
<br />1°.aast;'a MI. appanns in court, paying rmonakde attorneys• fees and entering on the Property to mak4 repairs. Although
<br />to ieuA v may take action undtx this peragra:,.is 7. Lender does not have to do so.
<br />Any amounts disbursed by Lender under thsx'rra -eraph 7 shall be—arme: Winonal debt of O., roux r �.=ur:d by this
<br />Security instrument. Unless Borrower and Lender agree toothier terms of payment. these amounts shall hear interest from
<br />the due of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to llorrawer
<br />requatmg payment.
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