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UNIFORM COWNANi'S. Borrower and Lender covtriant and agree ac follows: 89-1050,511,
<br />1. Paytaaat of PrimOpd a W istwo t; Prepsyaaeat std Late Charge;. Borrower shall promptly pay.`w herb diiv .
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under t?te Not ,:
<br />L Frr b6left Taxes and Iaatrrmee. Subject to applicable law or to a written waiver by Lender, BeirrowersSARpsy
<br />to Lender on the day ninthly payments are due under the Note, until the %Note is paid in full, a sum ( "Fun<W) equ) to
<br />o wttateitlh of- (a) yearly tarts" and assessments which may attain priority over this Security Itrstrurrt at- (h;t gtrarly
<br />lea choid payrnmts or ground rents on the Property, if any; (c) yearly hazard insurance premiumst and (4) g tariy
<br />mortpp insurance premiums, if any. These items are called "escrow items." Lender may estimate the Futtdsdveon the
<br />f r�sis d'cut'raat dqa and rsasanahie estimates t�f torte escroy items. - - - -- _ _ _ _ _
<br />Tire Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a kkra .. e
<br />state sgency (including Lender if Lender is such an institution); lender shall apply the Funds to Fay the es c,* irvm4.,
<br />Leader may notcharge-for holding, and applying the Funds, analyzing the account or verifying the escrow irarreer, ugIess.
<br />Lender prays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Nrmvzwrr ithd
<br />Lender may agree in writing that inte'rtest shall be plaid on the Funds, Unless an agreement is trade or appika ale law
<br />requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the FurAo. L #der
<br />shall give to Borrower. without charge, an annual accounting of the Funds showing credits and debiti to the iFund-d m4 the
<br />purpose for which each debit to the Funds was made-. The Funds are pledged as additional security for tha sumsss tt" t by
<br />this Security lnstrumart.
<br />If the ammmi vC the Funds held by Lender. together with the future monthly payments of Funds pay Ale prior to
<br />the dire dates of tat escrow items, stall exceed the amount required to pay the escrow items when.. dice. the exoitis shall be,
<br />at Borrower's ap0m; either promptly repaid to Borrower or credited to Borrower on monthly payme im o£ Funds. If the
<br />amount of the Funds held by Lender is not sufficient to pay the escrow items when due. Borrower shall. pay yotender any
<br />amount necessary to make up the deficiency in one or more payments as required by Lender.
<br />Upon payment in full of all sums secured by this - Security Instrument, Lender shall prom -p iy refund; to Borrower
<br />any Funds held by Lender. If under paragraph 19 the Itmr{..rrty is sold or acquired by Lender. Leader sha.!titipply, no later
<br />than immediately prior to the sale of the Property or its acquisition by bender, any Fundy held by Lt-i4 r at the time of
<br />application ens a credit against the sums secured by this Security: Lt irument.
<br />3. Applfestim of Paytiieittb. Unless applicable law provides otherwise. all paymcn %a recei;teci by Lender under
<br />paragraphs 1 and 2 shall be applied: first, to late charges due under the Note. stwmd, to prepay t7caG charges due under the
<br />Note; third, to amounts payable under paragraph 2; fourth, to interest due. and lost, to priticipial "feed.
<br />g. Cbs >."r i.tews. Borrower shall pay all taxes, charges, fines aad iritprxitions attributable tp the
<br />Property whir.*., my attain priority a•verr Ous Security Instcu:rtme; and leawhold paytirowl.v.'or ground rents. if wsyk-
<br />Borrower sh"'n +these obligations to si'ir!rranner prmidtd ut paragraph 2. or if not paid in that t:ranner, Borrow ecaH,
<br />pay, sfiign on time directly to the person owed paymenr:..rAmrower shall promptly furnish to Lendtcr all- eotit^ of. atnoessis
<br />tobrc paid under this paragraph. If 111mw payments directly, Borrower shall rrrornFtly Cmiab to bender
<br />remptsevidmcing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Insrr.ziment unless Borrower. (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manna acceFt.ibb., to ;t ender. (b) contests in good
<br />faith the lien by, or defends against enforcement of the lien in, legal procecdirigs which in: the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any,, part of the Property; ur (c) "ecunS from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lim to this Security inslrumenr. ITLAender determines that any pats cif
<br />the Property is Wb*t to a lien which may attain priority ot.er this Security tnwrumrrtt, Lm der may give Borroiwm . a
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or niorr cf the acti6ty w,i forth above.wiihin ff;d os
<br />of the giving of notice. ,
<br />S. Haaard Itaswroact. Borrow cr shall keep. tiro i. pro+.enicnti now eat, r:g or hett:a.rlcr erected 4m '�tte 1'tnperty
<br />itw Yin- J against loss by fire, hazards included within tfk: swam "extended co - +.cage" and any otln� -r hazards fcir which tr sider
<br />requires insurance. This insurance shall be maintained„ in the amnunra and for the periods.. ltiat Lender requiros.'.• shits
<br />insurance carnet providing the insurance shall he chosen by li)rrower o6jacl to Lender'ti approval which shall n�NCtiire
<br />unreasonably withheld.
<br />All insurance policies and renewals shall he w --v :ptahle to Lender and slialt include a standard mortgage clause.
<br />Lender shall have the right to hold the roltries and rettew3ts If Lender requinn, Borrower -6ball promptly give to Leader
<br />all receipts of p#W premiums and renewal minces. in the event of ltms, &)rrower shall give r4,,oAnpt notice to the insurmWi t
<br />csrrier and Lersw,drr. Lender otay make proof of loss if not teiade pirwapi ly h9 Borrower
<br />Unless 4.aider and Borrower 40cmise agree rta writing, nr.urance pr :"cd% shuU he ap;.'rted to remiptat ton or repair
<br />of rile. Property damaged, if the re+turation ar repair. is voinnn-t ally rtes! +able and I.,ender's security is not I•sened. If the
<br />re1t+N cArtion or repair is not economically feasible car I ;cilder's srcursty would tx lessened. the insurance p.rrt:ecds shall tie
<br />applied to the sums secured by this Security i istrument, whether or nett then due, with any, etcess paid to ilorro.iter If
<br />Borrower abandon the Property, or does note an%wer within 30 days a notice from Lender that the mwrnm.e carries i!:us
<br />offered to "Wile a claim. their Lender may collect the tn_surance proceeds. Leader may use the proceeds to repair or rr4',. .
<br />the Property of to pay sums secured by this Security Nvirunient, whether or licit then due. The ;allay pencwi will twgifl
<br />when the notice is given.
<br />Unless under and B,orro wcr otheraisee agree it, writing, any apphcauon of proceeds to principal shall nut ex ttrtdtr>r
<br />postpone the dur date of the monthly payment5 referred tom p iragfa Vhs 1 and 2 or change the amount of the raymcr -trig ley
<br />urxler paragraph 19 the Property is acquired by Lender. Borwwcr's right toany insurance policies and proceeds resulting
<br />fratt damage tOthe Pmperty prior to the acqursition snail puss; to Lender ui the extent of the sums secured by this Security
<br />instrument immediately pro T to the acquisition.
<br />i. Preservation and Maintetaataae of Property; Ixaseholds. I>K�rrower shall not destroy. damage or Substantraliy
<br />change the Property, allow the Property to dcterasatc or commit µante If this Security Instrument is on a leasehold.
<br />Borrowershall comply %ith the provisioons ofthe lease, and if lorrower acquitcs fee title to the Property, the leawlit ild and
<br />fee title shall nut merge unless I- ender agrees to the merger in writing.
<br />7. Preteetiom of t.etMer's Rialto Is the Property: Mortgage Insurance. if Wrrower fails to perfoTm •Ilrc
<br />covenants and agreementscontained in thil%C :urty, lilt tsantent, or there is a lcpal proceeding that tna) stgnifiy antly al1l4et
<br />Lcrider's rights in the Property (such as a proceeding in tsankroptcy. probate, fair condcmnattim or to enforce taws or
<br />regatationct. then ii -ender relay do and pay for wfiaftew is necessary to prowt the %aiut or the Prilrerty ,end Lender's right%
<br />in ttae ProIVHr . Lender's actatns may anclude paying any sums secured by a licit oshtch has prt.-m% owr this Security
<br />Instrument. appearing rte court, paying reawnahlh atturneyti fee%and entering nit the t'ra•perq to Crake repair,; Although
<br />lender nay take w Lion under this paragraph 7. Lender doe. not hale today w
<br />Any ar•unrnt%dtshursed by I crder under tats paragraph 7 shall htccii a aul+it+w-ml ofeh: of Morrcmer secured by this
<br />Security instrtrrnerit Taos; ltjrro ;&cr and Lender agree to-other terra,, of p. +rtn2u *. theme .arcuo;anrs shall tv,tr ir,rerc%t frotrr
<br />the date ref dtvtsorwinem tit the %;,ie tale and shall he far ±hie, µrib ir.' :tent. art-1 r. ti_e from I ender to th- rrower
<br />leoa:.rtr,ctR �`d4 rricnr
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