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<br />R£•RECORER d 0 """4 . U 6 51 G 89- 1O 6 B O O
<br />UNIFORM COVENANTS. Borrower en en er covenant And agree as follows:
<br />1. Payment of Principal and laterest; Prepayment and 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. Funds for Taxes and Insurance. SubJect to applicable law or 10a 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 stem 1 "Funds ") equal tO
<br />one-twelfth of: (a) yearly taxes and assessments which may attain priority O%er this Security Instrument; (h) yearly
<br />leasehold payments or ground rents on the Property, if any; (c) 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 />Lender may not charge for holding and applying the Funds, analyzing the account
<br />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 />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 />shell 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, meats of Funds payable prior to
<br />If the amount of the Funds held by Lender, together with the future monthly pay P Y P
<br />the due dates of the escrow items, shall exceed the amount required to pay t he escrow items when due. the er cm shall be,
<br />at Borrower's option, either prompiJy 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 thedefciency 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 shalt apply. no later
<br />than immediately prior to the sate of the Property or its acgtnsition by Lendee, any Funds held by Lender at the time of
<br />application as a credit agaiittst the sums secured by this Security Instrument.
<br />3. Application of PayaeeML Unless applicable law provides otherwise, all payments received by Lender under
<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. to amounts payable under paragraph 2; fourth, to interest due; and last. to principal due.
<br />a. Cliarges; Lk as. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br />;aroperty which may attain priorhy•over this Security Instrument, and leasehold payments or ground rents, if any.
<br />loan et -deal] pay these obligations in the manner provided in paragraph 2, or if not paid in that manner. Borrower shall
<br />pay ¢Eterr3 or,• time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be��.urtder this paragraph. if Borrower makes these payments directly. Borrower shall promptly furnish to Lender
<br />receipts evidencing t) a p news.
<br />Borrower shall prrTntptly discharge any Bete which has priority over alas Security Instrument unless Borrower: (a)
<br />agrees in writing to the} rttent of the obligation secured by the lien, n a mattcter.reptabte to Lender; (b) s ontests in good
<br />faith the lien by. or defends agai eorcement of the lien in, legal proceecflicr�xs oxltich in the Lender's opinion operate to
<br />prevent the enforcement of the ilea. ar t'orfeiture of any part of the 19rvperty: or (c) secures fta�xn the holder of the Nett Are
<br />agreement satisfactory to Lender subordinating the lien to this Secauity lnstmMiCnt. If Lender determines that any part of
<br />the Property is subiect to a lien which may attain priority over this Secuhty 6nstrument, Lender may give Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions sci foih a bore nt1:5:. lB Vsys
<br />of the giving of notice.
<br />S. Hazard Insurance. Nom -wer shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards 6njuded within the term "extended coverage" and any other hazards for whi ;h ]tender
<br />requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender. seq-,=km The
<br />insurance carrier providing the insurance shall be chosen by Borrower sub}ezt to Lender's approval whin zes>v:r ace be
<br />unreasonably withhetd..
<br />All insurance 1<•41.6es and renewals shall be acceptable to Lender and include a standard in., srt,%pL= claease.
<br />Lender shall have the right to l;Qtw the policies and renewals. If Lender requires. Q %r;oeaer shall promptly gate to Lrer
<br />all receipts of paid premiums and rvvwa) notices. In the event of loss. Borrowee sItall g<xc paa¢npt notice to the insurance
<br />carrier and Lender. Lender may make proof of lams if not made promptly by Borrower.
<br />Unless Lender and Borrower othemis't agtie in writing, insurance proceeds shall be applied to resr-- nation or repair
<br />of the Property damaged, if the restoration or iapair is economically feasible and Lender's security is, nor, h:ssened. If the
<br />restoration or repair is not economically feasible or Lenders security would be lessened, the insurance pm -seeds shall be
<br />applied to the sums secured by this Security Instrument. whether or not then due, with aaw e.wess paA av $orrorer= If
<br />Borrower abandons the Property, or does not answer within 30 days a notice from Lender. Jmr, f -he inslae a,-= carrier has
<br />offered to settle a claim, then Lender may collect the insurance proceeds. Lender may use Cne pcwemis w repair or restore
<br />the Property or to pay sums secured by this Security instrument, whether ec izol, then clue. Llte 39-ci4, period will begin
<br />when the notice is given.
<br />Unless Lender and Borrower otherwise agree in writing, any application tatprocetds re lincipal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and -I or chi age rj:,e amount of the payments. If
<br />under paragraph Mtba- Property is acquired by Lender. Borrowers right to arty ias+ mnoc pcGacie:s and proceeds resulting
<br />from damage to the. L°'wperty prior to the acquist6on shall pass to Lender to ttre t:Mttt,of the sums secured by this Security
<br />Instrument immediatAy prior to the acquisition.
<br />G Preservation and Maltr:tx_rnmce taf ftoperty -, Leasehatds. Borrvw"ter sL ai{ not destroy." da = %4p: or substantially
<br />strange tJ1e property, allow the Prop' to Hirer rate or comirst waste. IC rhiu.Securfiq, liristrumenn is on a leasehold.
<br />Bormwet sti:31I care ply with the provisions of tbx t=, e. and if Borrower acgi t rt. r'ee rirli: tm rhte FrQprrty, the leasehold and
<br />fee title shall notmerg� unless Lender agrees to diL +verger in writing.
<br />7. Preteenoit of Lender's Rights in the Property. Mortgage Yncs Mn - - . CC i3crrovi-er :ts:J1s to perform the
<br />covenants and agreements contained in this Security Instrument, or there isa It tzii rroet eii mla , F "hat niaysrgntficantly 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 tie value of 0w- Property and Lender's. rights
<br />in the Property. Lender's actions may include paying any sums secured by a lien which has pnonty o%er this Security
<br />Instrument, appearing in court, paying reasonable attorneys' fees and entering 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. Unless Borrower and Lender agree to other teens 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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