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<br />89 =104 771
<br />UNIFORM CovENAM's. ` Borrower and [.ender covenant and ages as follows:
<br />1. Paraeat of Principal acrd Isterar; Pn*ayneat said Late Chug s, 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 />X Funds for Tastes aid Iaannom Subjer* to applicable law or to a written waiver by Lender, Borrower shall pay.
<br />to Larder gn the day monthly payments are due under the Note, until the Note is paid in full, a sum (','i- bads ") equal to
<br />one- twelfth ot; (a) yearly taxes and assessments which may attain priority over this Secvx1fy,1a ,meet; (b) yearly
<br />1,aseboW payments or graund rants on Property, if away; ((p yearly hazard insurancW fir fisii(i s;, and (d) yearly
<br />nmrqW insurance pretnit s, if any. 1104" s r t r`, ;ia Firtais •, LrtJder may estimat iii : s due on the
<br />tnsWe— arrent:dataan,dtr mibleestircacs
<br />flae F�itksssaall brT . i xn as iastitutian the ae{ ictai
<br />or ax xc :is A � which are insured or guarante 'i _ a fedeault�a�r
<br />state agency (including Ler4sr if Lender is such an institution). Lender shall apply the Funds to pay the escrow ravens .
<br />Lender may not charge for holding and applying the Funds. analyzing the account.or verifying the escrow items, unless
<br />Underpays 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 dates 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. any Funds held by Lender at the time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />& Application of Payments. Unless applicable law provides otherwise. all payments received by Lender Lmder
<br />paragraphs 1 and 2 shall be applied: first, to late charges due under the Note; second, to prepayment charges due under the
<br />Note; third toamounts payable under paragraph 2; fvkutb, to interest due; and last, to principal due.
<br />d. Clare ; Liras. Borrower shall pay a;I =es, assessments, charges, fines and impositions 4_V�Tsutable to the
<br />Property which may attain priority over this Sm- Li~:ia Instrument, and leasehold payments or ground rents, if any.
<br />Si rower shall pay tbese obligations in the manner ided in paragraph 2, or if not paid in that. manner. Borrower shall
<br />pay ,them on time directly To ehe person owed payrnf=t. Borrower shall promptly fumish to Lender all notices of amounts
<br />to be paid under this paragraph. If Borrower makes these payments directly. Borrower shall promptly fumish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge ally lien which has priority over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation se=ed by the lien in a manner acceptable to Lender; (b). contests in good
<br />ftkh the lien by, or defends against enforcement -Cd ert :en in, legal proceedings which in the Lender's ophaion operate to
<br />gree=t the enforcement of the lien or forfeitu:rr c zr.^y. part of the Property; or (c) secures from the holdr:r Lf t'ae lien an
<br />atreement salisCa,ctory to Lender subordiemirg tip: } m .;o this Security Instrument. If Lender determi�.es.l.li -t2M); art of
<br />the Property cs, �fabject to a lien which r 4y attar^ j ri�rity over ri=gs Security Instrument, Lender may due Bormrmtsr a
<br />cc.ci;e identifying the lien. Borrower shay] satisfy ft Y,n or take one or more of the actions set forth abo %t within 16 days
<br />of the giving of notice.
<br />S. Hazard Insurer ' Borrower shall key the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire. hazards iachc . within the term "extended coverage" and any other hazards for which Lender
<br />requires insurance. This insurance shaij be rnairtained in the amounts and for the periods that Lender requires. The
<br />itt,.irance carrier providing the insurance shall be c hnAen by Borrower subject to Lender's approval axhich shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be ,a:t,;eptable 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 promidyr give to Lender
<br />all receipts of paid premiums and renewal notices. In the event of loss. Borrower shall give prompt notice to the at airWWe
<br />carrier and Lender. Lender may make proof of loss if nc.t made promptly by Borrower.
<br />Unless Lender and i1.^rrower otherwise agree to writing, insurance proceeds shall be applied to r inration cr zepo.r
<br />of the Property damaged, if the restoration or rep4j -- is economically feasible and Lender's security is ni�r 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 secilml by this Security
<br />Instrument immediately prior to the acquisition.
<br />6. Preservation and Maintenance of Property, Leateholds. Borrower shall not destroy, damage or substantially
<br />change the Property, allow+ the Property to deteriorate or commit waste. if this Securit;: 'Instnirnent is on a leasehold.
<br />Borrower shall comply with the provisions of rlye lgukej and if Borrower acquires fee title to the Plop ny.,.!he leasehold and
<br />fee title shall not merge unless Lender agrees tatiientt:cgerin writing.
<br />7. Protection of Lender's [tights in the Property; Mortgage Insurance. if Borrower fails to perform the
<br />covenants and agreements contained in this Security Instrument, 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 value 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 cm 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 Leader under this paragraph 7 shall become add,ttcntal debt of N orroaer secured by this
<br />Security Instrument_ Unless BErrrowerand Lender agree mother terms of payment. thus amounts shill hear interest froln
<br />the date of dtsbursetnetu at the Note rate and shall be payable. with interest. ,shout iwmx fr wit 1 ender its lloiro%ci
<br />requesting payment.
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