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<br />RE-RECORDED
<br />9O-` 106465 90-106393
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree at follows:
<br />1. Payrtuaat of pfisetpal and Intateatt Pnepay,asant sad Late Charges. 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 />2. Fondle forTaxes mil laanrsn”. Subject to applicable laav or ma written waiver by Lender. Borrower shall pay
<br />to Lender on the day monthly payments are due under the Note, until the Note is paid in full, it sum ( "Funds ") equal to
<br />orwtwel4th of: (*> yearly taxes and assessments which may attain priority over this Security instrument; (b) yearly
<br />leasehold payments or ground rents on the Property. if any; (e) yearly hazard insurance premiums; and (d) yearly
<br />mortgage insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the
<br />basis of current data 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 (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />P„ order may not charge for holding and applying the Funds. 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 />Leader 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 dire, the excess shall be.
<br />at Botrowee s rspt;ion, either promptly repaid! to Borrower or credited to Borrower on monthly ptymmt,9,of Funds. If the
<br />amount of the Minds held by Lender is not ,.mAcient to pay the escrow items when due. Borrouw'k � IpAT to Lender any
<br />acrount neceitawy to make rep rbe deflcienc} ,ire,, ne or more payments as required by Lender.
<br />Upon payment in 6,jiWi ,Call sums secured by this Security Instrument. Lcrv.der'shall promptly teed: t o Borrower
<br />avmr i ands held by Lender. Wunder paragraph 19 the Property is sold or acquirco la;► Lender, Lender shall wjVly, no later
<br />«%ace itnmed trety prior to the sale of the Property or its acquisition by Lender, any Funds held ba Lender at the time of
<br />agffbatiQataiu a: credit against the sums se=ed by this Security Instrument.
<br />S. Appiliestios of Payments. Unless applicable law provides otherwise, all payments received by Leader under
<br />p g�i,�s l and 2 shall be applied: first, to late charges due under the Note; second, to prepayment charges due tdnder the
<br />Nf f M tlma nL w mounts payable under paragraph 2; fourth, to interest due; and last. to principal due.
<br />4.. Cbwrp= Uem ll mower shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br />fteFC j vhch amy attain pairaTity,rnver this Security Instrument. and leasehold payments c. ground rents, if any.
<br />mower aha'll pay thew oblggadons in the manner provided in paragraph 2, or if not paid in th-At manner. Borrower s&-1
<br />them on time directly � itlhrt person owed payment. Borrower shall promptly fUIMish to Le:i,Wc� all noticte iii ant+aitat�
<br />tip ICe paid under this pare ggi4 i , If Borrower makes these payments directly, Borr:vaer shall promptly fumislt. Ma. it n. dr.'.T
<br />mzdpts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrurnnsp, unless Borrwwe^ (al
<br />agrees in writing to the payment of the obligation secured by the lien tee a manner acceptable to Leong.-.T; (b) contests in good
<br />faith iht lice by, or u'Ef2ads against enforcement of the lice in, legg � ; _�in� :which in the Lender's onininn nnerate to
<br />prevent the enforcement of the lien or forfeiture of any part of Property; or (c) sec ses from the hoidet of the lien an
<br />agreement satisfactory to Lender subordinating the lien to rl'^es Szzno 6ty Instrument. If Lender determines that any part of
<br />the Property is subject to a lien which may attain priority ogee—tItis Security Instrument, Lender may give Borrower a
<br />notice identiij*imt the lien. Borrower shall, satisfy the lien or take onr x more of the actions set fo,-* above within 10 days '
<br />of the givingoTnattce.
<br />S. Ha=rd InsurmM Borrower sbali keep the improveinens sow existing or hereaftea• erected on the Property
<br />c ==6d against loss by fire, Etazatrds included within the areaasn "cattrrded coverage! ant any other hazards for w6hich Lender
<br />=#= insurance. This imroxrlt -ce shall be maintained in 1D a =ovn:s and fa' .lee Periods that Lender mgw5cies. The
<br />taasmcanoe asix6eir providing dl� insurance shall be chosen ,hi 9orrW are subject to Lender's app3-eval which sfia:l not be
<br />v*casonaCal3 aatit@ held.
<br />Aii i:,. 2i ance po4ciics and renewals shall be acceptable to Leader and shall include a standard meV.Pgi.eiaiase.
<br />Eamder shall have the rirEtr to hold the policies and renewals. If Loniler requires, Borrower shall gratnptCy gave to Lend=
<br />& receipts of paid premi=s amd renewal notices. In the event: a less& Borrower shall give prompt notice to she assurance
<br />carrier and Lender. Lender =y make proof of loss if not: =de pct,-mpcly by Borrower.
<br />Unless Lender and Borrower otiteer. oa1se agree in wnttrig. ucsucmirm proceeds shall be appliatto restoration or repaeQ
<br />of the Properly damaged if the restomttem (3r repair is economically feasible and Lender's secnrry is not lessened. If the
<br />restoration or repair is not economically feasible or Lender's secure v would be lessened, the insurance proceeds slaa0c be
<br />, VIded to the sums secured by this Security Instrument, whether or'not then due, with any excess paid to Bocmeww- 7.
<br />Borrower abandons the Property, or does not answer within 30 days a notice from Lender that the insurance car m= has -
<br />offered to settle a claim. then Lender may collect the insurance proceeds. Lender may use the proceeds to repiit~c i restctee
<br />the PropeM. v ar to pay sums secured by this Security Instrument, wherlier or not then due! Tne 10 -day period will begin
<br />when the =d= is given.
<br />Unless L• ender and Borrower otherwise agree in writing. any app I ication of proreecls) to l}amcipal shall not extend ar
<br />persipone the due daft of the monthly payments referred to in paragraphs 1 and 2 or. ch.. ,hiz - rste,atttount of the pavanerits. loft
<br />under paragraph 19 the Property is acquired by Lender, Borrower's nght to an F rwommice roiisies and prdsaaiv rest MAy X_
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extcntt of the Sums. cured b'y Otis,iecuricT
<br />Instrument immediately prior to the acquisition.
<br />6. Preservation and Maintenance of Property; Leaseholds. Borrower shall not destroy, damage or substantWrs,
<br />change the Property. allow the Propeny to deteriorate or commit caste. If this Security instrument is on a leasehold.
<br />Borrower shall comply with the provisions 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. Prateedon of Lender's Rights in the Property; Mortgage insurance. If Borrower fails to perform the
<br />covenants and agreements contained in this Security instrument, or t here is a legal proceeding that may significantly affect
<br />Lender's rights in the Property (such as a proceeding in bankrupt.y, probate. for condemnation or to enforce laws or
<br />regulations), then Lender may do and pay for whatever is necessary to protect t he. alue of t he Property and Lender's tights
<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 entenng 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. UnIm 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 shah he payable. with interest. upon notice from Lender to Borrower
<br />requesting payment.
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