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UNIFORM COVENMNM. Borrower and Lander cnvenant avid agree u 1190wo: W-106542
<br />�. iay:Tt�P. ' �+ �.:: - -1 1.':•�lt�' Pre se+Jer+± artd ate GtiarExea. Oarrower sh1'�lrorV* pay when due the
<br />Z G. E'onth •••� t and let- charges clue) under the Note.
<br />principal of and'inittrael on the debt evidenced by the Notes and atmY PrePal�n
<br />2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lander, Borrower shall pay to Lender
<br />on the day monthly payments are due under the Note, until the Note is paid in full. a am ( 'Fun(s') equal to onadwelfth of: (a) yearly
<br />taxes and assessments which may attain priority over this Security Instrument: (b) yearly leasehold payments or ground rents on the
<br />Faoperty. I and; (c) yearly hoard insurance premiums; and (d) yearly mortgage insurance premiums, 0 any. The iterna are called "eecmw
<br />Rama." Lender may esti note the Funds due on the basks of asserudata and reasonable estimates 01 future escrow items.
<br />The Funds shag be held in an institution the deposits or accounts of which are insured or quaranteed by a federal or state agency
<br />(Including lender I Lends is such an institution)• Lender sham apply the Flinch to pay the escrow Rams• Lends may not charge for hold -
<br />ing and applying this Funds. anatpMq the account or verifying the escrow items, unless Lender pays Borrower interest on the Funds end
<br />applicable law permits Lander to make such a charge. Borrower and Lender may agree in writing that interest shall be paid on the Funds.
<br />Unless an agreement is made or applicable taw requires interest to be paid, Lender aha% not be required to pay Borrower any interest or
<br />eamhgs on the Funds. Lender shall give to Borrower, without charge. an anntai accounting of the Funds showing credits and debits to
<br />the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums
<br />secured by this Security Instrument.
<br />If the amount of the Funds held by Lender, together with the futon monthly payment* of Funda payable pdar to the due dates of the
<br />escrow Items, shall exceed the amount required to pay the escrow items when due, the sycess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. if the amount of the Funds held by Lender is not
<br />sufficient to pay the escrow items when due, Borrower sh il: tray to Lender any amount necessary to make up the deficiency in one or
<br />more payments as required by Lender.
<br />Upon payment In full of ale sums secured by this SeeQ*Y Instrumenl. I;ander shall promptly refund in Borrower any Funds held by
<br />Lender. It under paragraph 19 the Property Is sold of acqured by Lender, Lender shall apply, no iairr man immediately prior to the 6plr3•
<br />of the Property or Its acgr boon by Lender. arty Fuytds tied by Lander at the time of a lv.-3�ticna w. a credit against the sums secured by
<br />this Security Instrufrtent
<br />3. Applicaition of Payments. Uffdssi,q*csble law provides otherwise, all paymesY.s ce'c*.," by Lender under paragraphs 1
<br />and 2 shall be applied: feral, to late charges tbjie,.under the Note. second; to prepayment charges clue ender the Note: third, to amounts
<br />payable under paragraph 2; fourth, to Interest .due; and trill. to principal due.
<br />4. Charges; Uens. Borrower sisal pay all taxes.• • a✓arsessments• charges, fines and impositions attributable to the Property which
<br />may attain priority over this Security Instrument and leasehod payments or ground rents, if any. Borrower shag pat, these obligations in
<br />the manner p xkW in paragraph 2, or it not paid in that manner. Borrower shall pay them on time directly to the Penn owed payment.
<br />Borrower shal•1 p7zmptly furnish to the Lender al notices of amounts to be paid under this paragraph. It I_vrevaer males these pay, bs"s
<br />ofli�ciy, BasrcxKOr -hall promptly fumish to Larder receipts evidencing the payments.
<br />Borrower aA;tnl p- ,g1Wt:y. dfrs,harge any Hen which has priority over this Security instilintent unless BCrzw1L- W •3a ^_ +°s in writing to Me—
<br />payment of th. oblis; W) s'aczed by the lien in a manner acceptable to Lender, (b) coirfxslm in good 13t' :ore lien bt: or defends against P.
<br />enforcement •of 1"•,a 5W in, fegal proceedirrf3s which in the Lender's opk*m operate to pm-enl the er- i'3113MVnt of the Hen or forfeiture of
<br />any pan of the Property; or (c) secures fran gate holder of the lien an ag>rci rant satisfactory to Lende
<br />subordinating the lien to this Seca7iCst
<br />Instrument. If Lender determines that any pall of the Property is subject to a lien which may attain priority over this Security Instrument
<br />Lender may lire Borrower a notice identifying the lien. Borrower shag satisfy the Hen or take one or more of the actions set forth above
<br />within 10 days of the giving of notice.
<br />5. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against
<br />loss by fire, hazards included within the term "extended coverage" and any other hazards for which Lender requires insurance. This
<br />Insurance shag be maintained In the amounts and for the periods that Lender requires. The insurance carrier providing the insurance shag
<br />be chosen by Borrower subject to Lender's approval which shall not be unreasonably withheld.
<br />Ail insurance policies and renewals shall be acceptable ":rn• the Lender and shall include a standard mortgage clause. Lender shag have
<br />the right to hold the policies and renewals. It Lender requires. Borrower shall prompsyg give to Lender all, receipts of paid premiums and
<br />renewal notices. In the event of loss, Borrawer shag give prompt notice of 'tip- insww.cre artier and Lender. Lender may make proof of
<br />toss if not made promptly .b+ Borrower.
<br />Unless Lender and 13b02vv r otherwise agree 61 writiM i- rsurance pmved;s t;,ik4 be.41?ked to restoration err repair of the Property
<br />damaged, it the restoratao. or repair is economically feasible and Lender's secccr4 iz 4r:1:'ressened. If the restoration -w repair is not econ-
<br />omically feasible .or Lender's security would be lessened. the Insurance proceeds sisal l'me applied to the sums secret Itg this Security
<br />instrument, ■shether or not then due. with any excess paid to Borrower. If Bcrrower aba ..dons the Property. or doe%, not answer whirr 30
<br />days a notice.trom Lender that the insurance canter has offered to Sege a claim. yimp!r J.en :er may ccl cur the insurance preeeeds;,
<br />fray use the proceeds to repair or restore the Property or to pay sums seivred by 11mi. ^ :. �?�:triy lnstrur ant, whether cv not then oi>fe. Tile
<br />14-day period will begin wl rzn Ifte notice is given.
<br />Unless Lender and BcrraaFe- btimemise agree In writing, any application of proceeds :o principal shall not extend or postpone the due
<br />cl�ta of the monthly payments rtterr� 1:2 irc. iaragmph t and 2 or change the amount o1 the payments. It under paragraph 19 the C�raperty
<br />fsi acquired by Lender. Bormt -furs right: in• any insurance policies and proceeds resulting from damage to the Property prior to the amuis-
<br />dion shag pass to Lender to tfTe extent of the sums by this Security instrument immediately prior to the acquisition.
<br />6. Preservation amid. Maintenance of Prirjz(art% Leaseholds. Borrower shall not destroy, damage or substantially change
<br />the Property, allow the Property to deteriorate or commit: %vaste. If this Security Instrument is on a leasehold. Borroww shall comply with
<br />the provisions of the tease, and 0 Borrower acquires fee title to the Property, the leasehold and fee title shall not merge unless the Lender
<br />agrees to the merger in writing.
<br />7. Protection of tender's Rights in the PreperkW Mortgage insurance. it Borrower tags to perform the cavertants
<br />and agreements contained In this Security Instrument• or there is a legal proceeding that may significantly affect the Lender's right in the
<br />Property (such as a proceeding in bankruptcy. probate, for condemnation or to enforce laws or regulations). then Lender may do and pay
<br />for whatever Is necessary to protect the value of the Property and Lenders rights in the Property. Lenders actions may include paying any,
<br />sums secured by a lien which has priority over this Security Instrument, appearing in coup. paying reasonable attorneys* fees and entering
<br />on the Property to make repairs. Although Lender may take action under paragraph 7• Lender does not have to do so.
<br />Any amounts disbursed by Lender under paragraph 7 shall become additional debt of Borrower seared by this Security Instrument.
<br />Unless Borrower and Lender agree to other terms of payment, these amounts shall bear interest from date of disbursement at the Note
<br />rate and shall be payable, upon notice from Lender to Borrower requesting payment.
<br />A charge assessed by Lender in connection with Borrower's entering into this Security Instrument to
<br />pay,the cost of an independent tax reporting service shall not be a charge for purpose of the preces
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<br />UNIFORM COVENMNM. Borrower and Lander cnvenant avid agree u 1190wo: W-106542
<br />�. iay:Tt�P. ' �+ �.:: - -1 1.':•�lt�' Pre se+Jer+± artd ate GtiarExea. Oarrower sh1'�lrorV* pay when due the
<br />Z G. E'onth •••� t and let- charges clue) under the Note.
<br />principal of and'inittrael on the debt evidenced by the Notes and atmY PrePal�n
<br />2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lander, Borrower shall pay to Lender
<br />on the day monthly payments are due under the Note, until the Note is paid in full. a am ( 'Fun(s') equal to onadwelfth of: (a) yearly
<br />taxes and assessments which may attain priority over this Security Instrument: (b) yearly leasehold payments or ground rents on the
<br />Faoperty. I and; (c) yearly hoard insurance premiums; and (d) yearly mortgage insurance premiums, 0 any. The iterna are called "eecmw
<br />Rama." Lender may esti note the Funds due on the basks of asserudata and reasonable estimates 01 future escrow items.
<br />The Funds shag be held in an institution the deposits or accounts of which are insured or quaranteed by a federal or state agency
<br />(Including lender I Lends is such an institution)• Lender sham apply the Flinch to pay the escrow Rams• Lends may not charge for hold -
<br />ing and applying this Funds. anatpMq the account or verifying the escrow items, unless Lender pays Borrower interest on the Funds end
<br />applicable law permits Lander to make such a charge. Borrower and Lender may agree in writing that interest shall be paid on the Funds.
<br />Unless an agreement is made or applicable taw requires interest to be paid, Lender aha% not be required to pay Borrower any interest or
<br />eamhgs on the Funds. Lender shall give to Borrower, without charge. an anntai accounting of the Funds showing credits and debits to
<br />the Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums
<br />secured by this Security Instrument.
<br />If the amount of the Funds held by Lender, together with the futon monthly payment* of Funda payable pdar to the due dates of the
<br />escrow Items, shall exceed the amount required to pay the escrow items when due, the sycess shall be, at Borrower's option, either
<br />promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. if the amount of the Funds held by Lender is not
<br />sufficient to pay the escrow items when due, Borrower sh il: tray to Lender any amount necessary to make up the deficiency in one or
<br />more payments as required by Lender.
<br />Upon payment In full of ale sums secured by this SeeQ*Y Instrumenl. I;ander shall promptly refund in Borrower any Funds held by
<br />Lender. It under paragraph 19 the Property Is sold of acqured by Lender, Lender shall apply, no iairr man immediately prior to the 6plr3•
<br />of the Property or Its acgr boon by Lender. arty Fuytds tied by Lander at the time of a lv.-3�ticna w. a credit against the sums secured by
<br />this Security Instrufrtent
<br />3. Applicaition of Payments. Uffdssi,q*csble law provides otherwise, all paymesY.s ce'c*.," by Lender under paragraphs 1
<br />and 2 shall be applied: feral, to late charges tbjie,.under the Note. second; to prepayment charges clue ender the Note: third, to amounts
<br />payable under paragraph 2; fourth, to Interest .due; and trill. to principal due.
<br />4. Charges; Uens. Borrower sisal pay all taxes.• • a✓arsessments• charges, fines and impositions attributable to the Property which
<br />may attain priority over this Security Instrument and leasehod payments or ground rents, if any. Borrower shag pat, these obligations in
<br />the manner p xkW in paragraph 2, or it not paid in that manner. Borrower shall pay them on time directly to the Penn owed payment.
<br />Borrower shal•1 p7zmptly furnish to the Lender al notices of amounts to be paid under this paragraph. It I_vrevaer males these pay, bs"s
<br />ofli�ciy, BasrcxKOr -hall promptly fumish to Larder receipts evidencing the payments.
<br />Borrower aA;tnl p- ,g1Wt:y. dfrs,harge any Hen which has priority over this Security instilintent unless BCrzw1L- W •3a ^_ +°s in writing to Me—
<br />payment of th. oblis; W) s'aczed by the lien in a manner acceptable to Lender, (b) coirfxslm in good 13t' :ore lien bt: or defends against P.
<br />enforcement •of 1"•,a 5W in, fegal proceedirrf3s which in the Lender's opk*m operate to pm-enl the er- i'3113MVnt of the Hen or forfeiture of
<br />any pan of the Property; or (c) secures fran gate holder of the lien an ag>rci rant satisfactory to Lende
<br />subordinating the lien to this Seca7iCst
<br />Instrument. If Lender determines that any pall of the Property is subject to a lien which may attain priority over this Security Instrument
<br />Lender may lire Borrower a notice identifying the lien. Borrower shag satisfy the Hen or take one or more of the actions set forth above
<br />within 10 days of the giving of notice.
<br />5. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured against
<br />loss by fire, hazards included within the term "extended coverage" and any other hazards for which Lender requires insurance. This
<br />Insurance shag be maintained In the amounts and for the periods that Lender requires. The insurance carrier providing the insurance shag
<br />be chosen by Borrower subject to Lender's approval which shall not be unreasonably withheld.
<br />Ail insurance policies and renewals shall be acceptable ":rn• the Lender and shall include a standard mortgage clause. Lender shag have
<br />the right to hold the policies and renewals. It Lender requires. Borrower shall prompsyg give to Lender all, receipts of paid premiums and
<br />renewal notices. In the event of loss, Borrawer shag give prompt notice of 'tip- insww.cre artier and Lender. Lender may make proof of
<br />toss if not made promptly .b+ Borrower.
<br />Unless Lender and 13b02vv r otherwise agree 61 writiM i- rsurance pmved;s t;,ik4 be.41?ked to restoration err repair of the Property
<br />damaged, it the restoratao. or repair is economically feasible and Lender's secccr4 iz 4r:1:'ressened. If the restoration -w repair is not econ-
<br />omically feasible .or Lender's security would be lessened. the Insurance proceeds sisal l'me applied to the sums secret Itg this Security
<br />instrument, ■shether or not then due. with any excess paid to Borrower. If Bcrrower aba ..dons the Property. or doe%, not answer whirr 30
<br />days a notice.trom Lender that the insurance canter has offered to Sege a claim. yimp!r J.en :er may ccl cur the insurance preeeeds;,
<br />fray use the proceeds to repair or restore the Property or to pay sums seivred by 11mi. ^ :. �?�:triy lnstrur ant, whether cv not then oi>fe. Tile
<br />14-day period will begin wl rzn Ifte notice is given.
<br />Unless Lender and BcrraaFe- btimemise agree In writing, any application of proceeds :o principal shall not extend or postpone the due
<br />cl�ta of the monthly payments rtterr� 1:2 irc. iaragmph t and 2 or change the amount o1 the payments. It under paragraph 19 the C�raperty
<br />fsi acquired by Lender. Bormt -furs right: in• any insurance policies and proceeds resulting from damage to the Property prior to the amuis-
<br />dion shag pass to Lender to tfTe extent of the sums by this Security instrument immediately prior to the acquisition.
<br />6. Preservation amid. Maintenance of Prirjz(art% Leaseholds. Borrower shall not destroy, damage or substantially change
<br />the Property, allow the Property to deteriorate or commit: %vaste. If this Security Instrument is on a leasehold. Borroww shall comply with
<br />the provisions of the tease, and 0 Borrower acquires fee title to the Property, the leasehold and fee title shall not merge unless the Lender
<br />agrees to the merger in writing.
<br />7. Protection of tender's Rights in the PreperkW Mortgage insurance. it Borrower tags to perform the cavertants
<br />and agreements contained In this Security Instrument• or there is a legal proceeding that may significantly affect the Lender's right in the
<br />Property (such as a proceeding in bankruptcy. probate, for condemnation or to enforce laws or regulations). then Lender may do and pay
<br />for whatever Is necessary to protect the value of the Property and Lenders rights in the Property. Lenders actions may include paying any,
<br />sums secured by a lien which has priority over this Security Instrument, appearing in coup. paying reasonable attorneys* fees and entering
<br />on the Property to make repairs. Although Lender may take action under paragraph 7• Lender does not have to do so.
<br />Any amounts disbursed by Lender under paragraph 7 shall become additional debt of Borrower seared by this Security Instrument.
<br />Unless Borrower and Lender agree to other terms of payment, these amounts shall bear interest from date of disbursement at the Note
<br />rate and shall be payable, upon notice from Lender to Borrower requesting payment.
<br />A charge assessed by Lender in connection with Borrower's entering into this Security Instrument to
<br />pay,the cost of an independent tax reporting service shall not be a charge for purpose of the preces
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