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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree us follows: 90- 1 " C" o 8
<br />1. IP&,vtaeP1 of i dnclp d anal Iettemit; Prepaymeat ;u+d Laate f har;tea. Borrower shall pr%unptly 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. kltttt4►torTaates Iaawtttrce. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender an the day monthly pas meets are due under the Note, until the Note is paid in full, a sum ( "Funds ") equal to
<br />one - twelfth of.. (a) yearly tax" and assessments which may attain priority over this Security Instrument; (b) yearly
<br />kewhoki payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />nW1W insurance premiums. if any. These items aro called "escrow items." Leader may estimate the Funds due on the
<br />bmis of current data ✓turd reasonable allmato 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 Under is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Lender may not charge for holding and applying the Fund% 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 in writing that interest shall be paid on the Funds. Unless 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 additional security for the sums secured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender. together with the future monthly payments of Funds payable prior to
<br />the due data of the escrow items, shall exceed the amount required to pay the escrow items when due, the excess shall be,
<br />at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />amount of the Funds held by Lender is not sufficient to pay the escrow items when due. Borrower shall pay to Lender any
<br />amount necessary to make up the deficiency in one or more payments, as required by Lender.
<br />Upon payment in full of all 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. lily, Frzttd+t .had by Lender at the time of
<br />application as a credit against the sums secured by this Security Instc�ire�Tt:..
<br />& Appikatios of P witab. Unless applicable law p*o%id;r nr ti w ; : 1 '•mrenzi meived by Lender under
<br />paragraphs 1 and 2 shall be applied: first, to late charges due under iihcNate; secoiicl. to prepga n,' ,)t charges due under the
<br />Note; third, to amounts payable under paragraph 2; fourth. to interest: due; and last, to prindint ri.'te.
<br />4. Charges; Liens. Borrower shall pay all taxm 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 any.
<br />Borrower shall pay these obligations in the manner provided in paragraph 2. or if not paid in that manner, Borrower 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 Borrr ?.a er makes these paytnetrrx 428t ectly. Borrower shale, p)r raptly furnish to Lender
<br />receipts evidei- i+r.g the payments.
<br />Bom,,vo- A& ryromprJy �L-�tnan* 3by lien w?arch has tprio 6ity twer this Security Lnsrr m, -nt unless Borrower: (a),
<br />agrees in Vm"IMtg to tbg- o<,igation swainat by the ir= in a manner aaasptsalbte 4o Lender, (b) contests in good
<br />faith the lien lkw., ns de'Firii ^s 4ziast enforcement of t`t. We-n 13. ILegst. proceedings wl�3i& act dire Under's opinion operate to
<br />prevent the e0orcement of the lien or forfeiture of tua?,- pare of the Fwperty; or (c) swures *arz the holder of the lien an
<br />agreement sau.?- actory to Lender subordinating the lien to this SecuTi-n- Instrument. If Lenderdewrmines that any part of
<br />the Property is subject to a lien which may attain priority over dos Security Instrument. Lena er may give Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien or take ore or more of the actions set forth above within 10 days
<br />of the giving of notice.
<br />S. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the term "ertteridadf coverage" and any other hazards for which Lender .
<br />requires insmiace. This insurance shW2 lbe maintained in the =,,- n nts and for the periods that Lender requires. The
<br />insurance carrier providing the insum. m shall be chosen by Bc�mg r subject to Lender's approval which shall not be
<br />unreasonWy uithheld.
<br />AbH fJr- crane pofic-i:es .stud rene,;i-aas shah lie asaae mble to Under and dusty include a standard mortgage clause.
<br />Lender sYbs .` l'axt a the righe';o hold the pcgii i--s and rawwals. If Lender= requires. Borrower shall promptly give to Lender
<br />all receipts;orpddd premiums and reneviia:i n3t&m -, [Ire cite event of ic&-. Bl=ower shall give prompt notice to the insurance
<br />carrier and.'• Under. Lender may make piredof toss if not made pre m-Me 'y by Borrower.
<br />Unless Lender and Borrower otherwise agree lea writing, ink m.^tre proceeds shall be applied to restoration or repair
<br />of the Property damaged, if the restoration or repair fs etanomica icy feasible and Lender's security is not lessened. If the
<br />restoration or repair is not economically feasible or Cdrer's sect+sity would be lessened, the insurance proceeds shall be
<br />applied to Ore sums secured by this Security Instr cecetext, wrtecl�eT cc not then due, with any excess paid to Borrower. If
<br />Borrower abandons the Property. or does not answe' c wifta SO. dsfs :a notice from Lender that: the insurance carrier has
<br />offered to settle a claim, then Lender may collect tine pm o=J%-. Lender may use the pr^xeeds to repair or restore
<br />the Property or to pay sums secured by this Securit} tc-A:=mn, t" ��L ether or war then due. The 30-day period will begin
<br />when the notice is given.
<br />Unless Lender and Borrower otherwise agree i. P.,utt^6dag, atcy applicatiom .iF proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments refetce+f tea on p:t tagr. pYts 1 and 2 or change the amount of the payments. llC
<br />under paragraph 19 the Property is acquired by Lender. igarrknwee's ci,;z ht to any insurance policies and proceeds resultiTg
<br />from damage to the Property prior to the acquisition: slWL t a� ro Lo jyec to the extent of the sums secured by this Security
<br />instrument immedately rrior to the acquisition.
<br />6. Preservatfan and Maintenance of Property, Emvselhcaliiis,. , Bar -immor -,hall not destroy, damage or substantially
<br />change the Property, allow the Property,to deteriuci:ue cc wi mmik waste. 1':•f 61s. Security Instrument is on a lerawhoid-
<br />Borrower shall comply with the provissousvf the le2zir- art d if•'Skrrrower acquires fee title to the Property. the leasehold =&
<br />fee title shall not merge unless Lender agree:, to the ttiei* in tsritiaa;:.
<br />7. Protection of Lender's Rights in the Property; Mortgage Insurance. If Borrower fails to perform the
<br />covenants and agreements contained in this Security fint:rument. or there is a legal proceeding that may significantly affect
<br />Lender's rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws or
<br />regulations), then Lender may do and pay for whatever is necessary to protect the, alue of the Property and Lender's rights
<br />in the Property. Lender's actions may include paying any sums secured by a lien which has priority over this Security✓
<br />instrument, appearing in court, paying reasonable attorneys fees and entering on the Property to make repairs. Although-
<br />Lender may take action under this paragraph 7, Lender does not have to do so.
<br />Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this
<br />Security Instrument. Unless Borrower and Lender agree to other terms of payment. these amounts shall 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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