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9Q-..106486 UNIFORM COVENANTS. Borrower and Lender covenant and a$t" as follows: 1. paymeMofprincipat andfnW est;PtepayrnentmW Late Charpes. Borrower shall promptly psy when due the principal of and interest on the, debt evidenced by the Note and any prepayment and late charges due under the Note. Z Fwu%fwTaaa Sod lnaunnce. Subject to applicable law or toa written waiver by Lender. Borrower shall pay to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum ("Funs') equal to one- twellth of; (a) yearly taxes and assessments which may attain prroniy over this Security instrument: (b) yearly iaassho)d payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly mortgage insurance premiums, if any These items are called "escrow Items" Lender may estimate the Funds due on the basis of current data and reasonable estimates of future escrow Items. The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or state agency (including Lender it Lender is such an institution). Lender shall apply the Funds to pay the escrow items. Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless Lender pays Borrower interest on the Funds and applicable lav: permits Lender to make such a charge. Borrower and Lender may agree in writing that interest shall be paid on the Funds. Unless an agreement is made of applicable law requires interest to be paid, Lender shall not be required to pay Borrower any interestor earnings on the Funds. Lender shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was made The Funds are pledged as additional security for the sums secured by the Security Instrument. If the amount of the Funds held by Lender. together with the future monthly payments of Funds payable prior 10 11119 due dates of the escrow items. shall exceed the amount required to pay the escrow Items when due. the excess shall be, at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the amount of the Funds held by Lender is not sufficient to pay the escrow itemswhen due. Borrower shall pay to Lenderany amount necessary to make up the deficiency in one or more payments as required by Lender. Upon payment in full of all sumssecured by this Security Instrument. Lender shall promptly refund to Borrower any Funds held by lender. If under, paragraph t9 the Property is sold or acquired by Lender, Lender shat I apply, no later than rrthrrediately prior to the safe at the Prop:xty or its acquisition by Lend!ec. any Funds held by Lender at the time of application as a credit against the sums secured by this Security Instiurxnt. & Application of Payrmrmts. Unless applicable Lam provides otherwise, all payments received by Lender under paragraphs land 2 shall be applied: first, to late charges dole under the Note; second. to prepayment charges due under the Note; third, to amounts payable under paragraph 2; fourth. to Interest due: and last, to principal due. 4. Charges; Liens. Borrower shall pay all taxes. assessments, charges, fines and impositions attributable to the Property which may attain priority over this Security Instrument. and leasehold payments or ground rents. if any - Borrower shall pay these obligeticris in the manner prowd•e'd in paragraph 2. or If not paid in that manner. Borrower shall pay, them on time directly to the pur,on owed payment Bor ruvre r shall promptly furnish to, Lender all notices of amountsto ire- paid under this paragraph It 11ouower makes these payments directly, Borrower shall promptly furnish to Lender receipts evidencing the paynumts Borrower shall promptly d. scharge.9i y lien which has priority over this Security Instrument iunless BOrrocia'1 (.a) .4naes in writing to the paymerri: tpf the c4I11i(14ion secured by the lien t n a manner acceptable to Len-'?r, (b) cC?ir.��535In i and faith the lien by, or de°,p•nrss against enforcement of the lien In, legal proceedings which in the Lender's �pirrion operate to prevent the enforcement of the lien or forfeiture of any part or the Property: or (ci secureti ifGANthe, ;west. lien an agreement satisfactory to Lender subordinating the lien to this Security instrument If Lender determines that any part of the Property is subject to a lien which miry attain priority over this Security Instrument. Lender may give Borrower a notice identifying the lien. Borrower shalt sa ii-Ov the lien or take one or in aria of the actions set forth above within 10 days of the giving of notice. S. Hazard Insurance. Borrower shall Weep the improvements now existing or hereafter erected on the Property Msbtr'ed against loss by fire. hazards and uAisd within 1Jle term -extended coverage" and any other hazards for whirh Lender requires insurance. This insurance •Sb1cSi be maintained in the amounts and for the periods that Lender recFis.+n? a. Tha inciirancecarrier providing the insura o: shall be chosen by Borro-m r subject to Lender's approval which shall notla4 unreasonably withheld. All insurance policies and renewals shall be acceptable to Lender and shall Include a standard mortgage claiae. ' Lender shall have the right to hold the policies and renewals. If Lender requires. Borrower shall promptly glveto Le nderall receipts of paid premiums and renewal notices. In the event of loss. Borrower shall give prompt notice to the rnsufance carrier and L.erict:er. Lender may make proof of loss if not made promptly by Borrower Unless Lender and Borrower otherwiseagree in writing, insurance proceeds shall beapplied to restoration or repair of the Property damaged..cf Itie restoration or repair is economically feasible and Lender's security is not lessened. If the restoration or repair is no.1: eimriom ically feasible or Lender's security would be less =r+ed, the insurance proceeds shall be applied to the sums second by this Security Instrument whether or not then due. vriiri any excess paid to Borrower. If Borrower abandons the Property, or does not answer vdi h in 30 days a notice from Lender that the Insurance cai nerhas offered tosettlea claim. then Lender may collect the insuianceproceeds Lender may use the proceeds to repair or restore the Property or to pay suns secured by this Security Instrument, whether or not then due The 30 -clay period will begin when the notice is given. Un less i-ender and Borrower otherwise agree in Writing. any application of p roceeds to principal shall nota x lend or postpone the due date.ni'ibe monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments. If under paragraph ti3thhf ropertyisacqu, redbyLender. Sofrower' sri ghttoanyinsurancepoliciesandproceedsresultmg from damage-03 Itie Ptnperty prior to the acquisition shall pass to Lender it) the extent of the sums secured by this Security Instrument unniedlal ty. prior to the acquisition 6. Preservafiorvand. hilaintenance of Property; Leaseholds. Borrower shall not destroy. or damage or substan- tially change the Property, fellow, the Property to deteriorate or comma waste If th is Security Instrument is on a leasehold. Borrower shall comply with the provisions of the lease. and If Borrower acquires feet itle to the Property. the leasehold and fee title small not merge unless Lender agrees to the merger in writing. 7. Protection of Lender's Rights In the Property; Mortgage Insurance. If Borrower fails to perform the covenants and agreements contained in this Security I nstrument. or there isa Legal proceeding that may significantly affect Lender's rights in the Property (such as a proceeding in bankruptcy. probate. for condemnation or to enforce laws or regulations). then Lender may do and pay for whatever is necessary to protect the value of the Property and Lenders rights in Ine Property Lender's actions may inctude paying any sums secured oy a lien which has priority over this Security Instrument, appearing In court. paying reasonable attorneys 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 Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this Securrtylnstrument Unless Borrower and Lender agree to other terms of payment these amounts shaN beat interest from the gate of disbursement at the Note rate and shall be pavable. with interest. upon notice from Lender to Borrower requestng payment Y r,. U.,