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UNIFORM COVENANTS. Borrower and Lender covenant and •fife. " Hollis: 89-- 10 4 89 8 I. Paytne ft of Principal and Interest; Prepatyment alto Eats Charge, Borrower shall promp' ty pry when due the Ponca of and untied on the debt avidenead by the Note and mid pnpayntent and late charges due under the Note. 2. Funds for Taxes and Insurance. Subject to applicable few or to a wMan welvar by Lender. Borrower shad pay to lender on the dsy rrWft payments am due under the Note, urdii the Note is paid In U. a sum (`Funds') equal to one$wNth at: (a) yeary Saxes and asse$$whwnts which may attain priority over this Security lrrstrument: (b) yewy leasehold payments or ground rents on the Prop- 411W. If any; (o) yawy I irarrance premiums; and (d);yaealy mortgage insurance premiums. I any. These Kenna am called 'escrow lloW. Lender nay wtinrale the Funds due on the basis at:eurrent data and raasonabb estimates of future escrow items. The Ftxnds shall be Mid h an Institution the deposits or accounts of which are insured or guaranteed by a le dwat or stall agency `* prx*bft Lander ti Lander is such an Institutian),-. LoWWshai ap* 9N Funds to pay the escrow iterra. Lander may not etlmdrg• for hold. kV and appMV. the Funde. analyzing the account or we" the escrow Kane. unless Lender pays Borrower interest on the Funds and applicable law pwhmIt Lander to make such a charge... Borrower and Lender may agree h writing that interW shaft bit paid on tit Fw4e. flkrfefa wen mgrNnnwnt is wade or applicable law requires Adored to be paid. Laruler shall not be required to pay Borrower any interoo or earn hm9a an the Funds. Lender shall give to Borrnwar, without dupe, err awwd accounting of the Funds showing credits and delft to the Funds and the purpop for which each debt to tits Funds was made. The Funds am pledged as additional security for the swat w AMk cued by this Soc urity kukurnent. N the a mXW of the Funds !real by Lander, together with the idure monthy payments of Funds payable prior to the due data of the escrow items. shall emceed the Amount resquuired to pay the escrow items when dueti Efts excess shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on ma** payrwfes d Funds:.. it' t_ft"e amount of the Funds held by Lander is not auAdwht to pays ifrde Brow feint when, dui_ id9aorawex shat pay tta e,a!r9ers any arnnoci :�l4 s make up the dslcfency 'rn aw or -_ mom payrahw I -;6t nhquired by Lander. Lipari payment In full Of all $saran securest Lg this Sepaiily .1Psiruriait, Lender sineK *U70. TeF,i� to Sw war any Funds held by Gsgtlwr fit under paragraph 1D fillet irtopaty is sold or ohagRfaeiface bander. Lander sfndhtt apply, no War then fey prior to ft sale *11W Property or Nor acquiaitioir= tz2t. Lends; any Funds 4W, t.-f dander at the time of applicatlon as s act tgeiinst the sums secured by • t*k oc rky Ina ument. AppWoWn of 1`iqtxtant& Unless ap 11nhw provides c&awia_ tg-;Wnents received by Ler>'.ts under paragnrp(ts 1 o�I tiv l 9 merge: charges due under the Note; third, to ammmis � . apiflAfh litsL frr� ids charges due under L4,� t+iC1k; second.. to — Pay" under pars"Is 4 fourth, to interest due; and isst, to principal derv. 4. Charow. iJens. Borrower shell pay all taxes. assessments. charges. lees and impositions attributable to the Pmp&V which may aftsin pri rly over this Security Instrument, and leasehold payments or ground rents. K any. Borrower shat pay these obligodons in The manner provided In paragraph 2, or If not paid in that manner. Borrower shall pay them on time directly to the person owed payment. Borrower $ha! promptly furnish to the Lander elf notices of amounts to be paid under this paragraph. K Borrower makes those pxwyrnamts AML d v*. Borrower $1101 promptly famish to Lender receipts evkiendng the payments. Borrower dd pmrnptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) mgroes in writing to OW paymw» of tit obigafto I secured by the Ilan in a manner acceptable to Lender, (b) contests in good faith the !an by. or defends J Spinet wnforoormM of the No In, legal proceedings which in the Leradw'a opWm operate to prevent the enforcement of the ion or fox fatbre of any part Of the Property: or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the 11n to this Security InsUuneft If Lender determines that any part of the Property is subject to a Wen which may attain priority over this Seatdy kw1rument. Lender may give Borrower a notice Identifying the hen. Borrower shalt satisfy the Wen or take one or more of the actions as kit above within 10 drys of the giving of notice. S. Hazard Insurance. Borrower shall keep the Improvements now existing or hereafter erected on the Property Insured against loss by fb, hazards included within the term 'extended ecvorage and any other hazards for which Lender requires insurance. This fnsur- onoe spa! be n kd*wd in the amounts and fac the periods that Lander requires. The insurance carrier providing the insurance shale be eheaee by Berfvwer subject to Lender's apprcval which sttal not be unreasonably withheld. All in$uranoe polder and renewals shall be acceptable W the Lender and shall include a standard mortgage clause. Lender sit! have the right to head the polder and renewals. if Lender requires. Borrower shall promptly give to Lender all receipts of paid Premiums and rwheand notices• kr the event of loss. Borrower shall give prompt notice to the insurance carrier and Leander. Lender may makes proof of 101419 not made promptly by Borrower. Unlaas Lender and Borrower otherwise agree in writing, Insurance proceeds shall be applied to restoration or repair of the Properly dem41gsd, f fire restoration or repair Is economically feasible and Lenders security Is not lessened. If the restorafiorr or repair Is not ear nomim* feasible or Lenders security would be lessened. the insurance proceeds shall be applied to the sums secured by this Scarily line UnWO . whdlw or not then due. with any excess paid to Borrower. if BorrOwer abandons the Property, or does not answer within 30 dry$ a nodes from Lander that the insurance carrier has offered to settle a cleim, then Lander nay coliect the insurance proceeds. Lender MY use the Proof*& to repair or restore the Property or to pay sums socaured by this Security instrument. whether or not then due. The 34dry period win be& when the notice is given. �+ lir M lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or postpone the due data of the monthly payments•rderred to in paragraph 1 and 2 or change the amount of the payments. If under paragraph 19 the Prapety is aoquiad by Lender, Borrower's right to any Insurance policies and proceeds resulting from damage to the Property prior to the acquisi. Sion shad! pass to Lender to the extent of the sums secured by this Security Instrument immediately prior to the acquisition. 6 Preservation and Maintenance of Property; Leaseholds. Borrower shelf not destroy, damage or sub31 mU* change the Property. slow the Property to deteriorate or commit waste. If this Security Instrument is on a leasehold, Borrower shall campy with the provisions of the lease, and K Borrower acquires fee tiffe to the Property. the leashold and tee Oe shalf not merge unless fire Lender agrees, to the -- W90 in wrwrq . ?. .Protection of Lender's Rights in the Propeaty; Mortgage Insurance. it b3orrower tats: tu•p�edarm the covenants WA Ve,wnarft contained in this 3eaurity, Instrument, or there Is a :agar proceeding that may significantly allied tt�n gender's dlghEih in the Paoperly (such a$ a proossdng in bankruptcy, probate, for condemnation at to enforce laws env regulations), then tender rrsy� 4a end pay for uvinenlsmrer M y alkn to pooped the value of the Security and Lender's rights in the Property. lender's actions may ear. rf Include paying any oharrha seaar41d by a Wen which has priority over this Security instrument, appearing In court. paying reasonable attomays' fees and entering on the Property to make repairs. Although Lender may take action under this paragraph 7. Lender does not have to do so. j My amounts disbursed by Lander under this paragraph 7 shall become additional debt of Borrower secured by this Security Instrument. L Unless Borower and Lander ogme to other terms of payment, these amounts shall beer Interest from the date of disbursement at the NOW rate and. shall be payable. with interest. upon notice from Lender to Borrower requesting payment. s 3D261.FAM (("fiM CMS Oil `i