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<br />UNIFORM COVENANTS. Borrower and Fender covenant and agree as follows: 89. 104901
<br />1. Payseat of Pd@*d and Intern Prepsystent sad Late Margee. 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. Faais for Taxes sail l.asweaes. Subject to applicable law or to 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, a sum ( "Fun(s") equal to
<br />one - twelfth of.- (a) yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly
<br />lemebold payments or ground rents on the Property. if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortpge insurance premduM16 if any. There items are called "escrow, items." Lender may estimate the Funds due on the
<br />basis ofeurvent dataand ressonableestimatesoffuture escrow items.
<br />TM Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br />state ageacy (including Lender if Leander is such an tution). lender shall apply the Funds to pay the escrow items.
<br />Leader may no; charge for holding and applying the 'Funds, analyzing the account or verifying the escrow items, unless
<br />Feeder 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 requited to pay Borrower any interest or earnings on the Funds. Lender
<br />slosh give to Borrower, without ehne, 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 Leader, 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 shalt be.
<br />at Borrower's option, either promptly repaid to Burrower 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 tomake up the deficiency in one or more payments as required by Lender.
<br />upon payment in bell of an suet 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 unmediately prior to the sale of the Property or its acquisition by Lender. any Funds held by Lender at the time of
<br />application ass credit against the sumssecured by this Security Itu mment.
<br />3. ApOcadw of Paytneats. Unless applicable law provides otherwise. all payments received by Lender under
<br />paragraphs i aril 2 shall be applied: brat. to late charges due under the Note; second, to prepayment charges due under the
<br />NOW third, to amounts payable under paragraph 2; fourth, to interest due; and last, to principal due.
<br />i�►: C'biivyiM Lleas.: Borrower shall pay all taxes. assessments, charges. fines and impositiomsuributable to the
<br />try whi* . msy- attain prkwity.over this Security Instrument, and leasehold payments or grm' wd zeros, if any.
<br />Borrower sWl: p*y► these obliiptions in the manner provided in paragraph 2. or if not paid in that manner; lkrp wrx shall
<br />pay than on timedirectly to the person owed payment Bormweershall promptly furnish to Lender all rmsii+oes.atainounts
<br />to be paid under this paragraph. If Borrower modus thm ptfmtmft directly. Borrower shall promptly lustedsh. to Lender
<br />receiiptsevidencing the payments.
<br />Borrower shall promptly discharge any lien whb* hw, pri sty over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the aMption secured by the r= in a manner acceptable to Lender, (b) contests in good
<br />faith the lien by, or defends against enforcement of the lien in, W proceedings which in the Lender's opinion operate to
<br />pvweat the enforcement of the lien or forfeiture of ears:& pert of the Property; or (c) secures from the holder of the lien an
<br />sp,emttent satisfactory to bender subordinating the Tien to this Security Inumment. If Lender determimthat any part of
<br />the Prqperty is subject to a lien which may attain priority over this Security Instrument, lender may give Biarmwer a
<br />notice ide dryiiig, the lien. Borrower shall satisfy, the lien or take one or more of the actions set forth above Writhiil. 10.4ays
<br />of the giving arnatice.
<br />S. Hasmid bosses. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />inure,dlagaList loss by fire, hazards included within the term "extended coverage" and any other hazards for which Lender
<br />rMur s ht:.;rMce. This insurance shall be maintained in the amounts and for the periods that Lender requires. The
<br />isr m3ace ctrsier providing the insurance shall be chosen by Borrower subject to Lendeft approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals :hail be acceptable to Lender and shall include a standard mortgage clause.
<br />f.ewler shall have the right to hold the policies and renewals. If Lender requires. Borrower shall promptly give to Lender
<br />&H raceipts of paid premiums and renewal notices. Io the event of loss, Borrower shall give prompt noder: to the insurance
<br />carrier and Lender. Lender may nuke proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration arrepair
<br />of the Property damag4 if the restoration or repair is ecomanically feasible and Lender's security is not lessened: If the
<br />restoration or repair is not ecanomically feasible or bender'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 />olleted to settle a claim, then bender may collect the insurance proceeds. Lender may use the proceeds to repair or restore
<br />the Property err to pay wens secured by this Security Instrument. whether or not then due. The 30-day period will begin
<br />when the notice b given.
<br />Unless Lander and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone tbedurdsteof the anonthly 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 secured by this Sorority
<br />Instrument immediately prior to the acquisition.
<br />i. Prasenatlan cep Malatteaaaee of Prspery; iiwassbodds. Borrower shall not destroy. damage or substantially
<br />change the Property, allow the Property to deteriorate or commit waste. 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 titledhall not merge unless Center even tothe merger in writing.
<br />% Proteetkm of LeMer's Nights IN the Prorer N Mortgage lummace. If Borrower fails to perform the
<br />ea=a:r.taard Wzemeats contained in this Secuf ty Iffitrutnetrt, 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 />regWations). 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 on the Property to make repairs. Although
<br />Lander may take action under this paragraph 7, Lender does not have to do so.
<br />Any amounts disbursed by Lender under this paragraph 7 "1 become additional debt of Borrower secured by this
<br />Security Instrument. Unless Borrowei 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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