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<br />UNIFORM COVENANiTS. Borrower and Lender covenant and agree as follows: 89-105163
<br />1. Paymot a#Pdmdpd sad Interest; Prepyn at snot Late Charges. Borrower shall promptly pay when due
<br />the principal ofand interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />2. Fella farT'axn=d I�e. Subject toapplicable law or to a written wailer by Lender, borrower shall pay
<br />to Lender on the day ninthly payments am due under the Note, until the Note is paid in full. a sum ("Funds ") equal to
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<br />one-twelfth of, (a) yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly
<br />- ktaAold payments cw rents out the Property, openy: if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mort&w irdura ce preag mss, if any. These items are called- "escrow items." Lender may estimate the Funds due on the
<br />- -. current tatatea oF uC'untescrow i items. - The Funds shallbe held inan butitution the depositsor accounts of which are insured or guaranteed by a federal or
<br />state sgi Y finctlu- 00s.Lglde r if I.Ander.. ismach an iustitution)..Lender shali.apply the. Funds -to pay the escrow items.
<br />Leader tray not charge for hoW4 and applying the Funds, analyzing the account or verifying the escrow items, unkss
<br />li,audet 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 trade or applicable law
<br />? requires interest to, be paid, Lender shrill not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />s shall 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.
<br />If the amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to
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<br />pie due dates of the a items, shad exceed the amount required to pay the escrow items when due, the excess shall be,
<br />_$once .p�pid gvid to Borrower cmdited to Borrower on monthly paymen ofFgj s If the
<br />j, aitasatrtt `fiAw; rttt iaa>X ley I.radlet'A not sufficient to pay, ethic escrow items when due,. Borrower shall pay <i r any
<br />ali}wussi.ry torni(►,ire;oy in.c!ne or morepatneats as rexp<ired bymr,
<br />�_ ' port payment ,, it iii; a�: iii S sec ut^z 'by this Security Instrutixsrs ; Le; t �1�11 promp f}tnd to borrow +er ' f
<br />iilsi., Funds held by Le~ : If under paragraph 99!. he Property is sold er ns Dlrdt44 L; Quill apply, no later
<br />pii6t, to the gale or 6i rrt1.wq or its acquisition by L,er4ei� a�� �t���� hi tamer at the time of
<br />.wiiication as a credit apairnt the seen c rim Security instrumeh
<br />3. il'axtttertt: Unless iii arable law provides an ise, all payments rx +s 'as= i :ntder '
<br />pQgriigtapbs t acid Z sU9*applied; first, to lateclrt gee due under the Noic second, to prepayment: ages dix: t,zf r the'
<br />Mxe; third. to amountspsyable under paragraph 2; fourth, to interest due; and last, to principal due.
<br />4.' Oaryes; Lkn. Borrower shall pay all taxes, assessments, charges, lines and impositions attributable to the
<br />Property,which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any.
<br />Borrower shall pay these obligations in the manner provided in paragraph 2. or if not paid in that manner, Borrower shall
<br />pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph. If borrower makes these payments directly. Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good
<br />faith the lien by, or defends against enforcement of the lien in. legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any part of the Property; or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument. IELender determines that any part of
<br />the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set f+r,Nh above within 10 days
<br />' of the giving o (notice.
<br />S Huard lowmance. Borrower shall keep the improvements now existing ar herettfta;reinmie'd on the Property
<br />insured against loss by fire. hazards included a its, n r.he term "extended coverage" and an.y o ther:naiards for which Lender
<br />requires insurance. This insurance shall be tra.*nn.: cd in Ore amounts and for the imurjMs that Lender requires. The
<br />.._ insurance carrier providing the insurance sha:, be _Okesen k%; Borrower subject to Ltr, 6.--!k approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals sbat71 be acceptable to Lendee and shall inc;udc a st4rdard mortgage clause.
<br />Lender shall have the right to hold the policies and renewals. if Lender requires. Bornfmw *- shall promptly give toe Lender
<br />all receipts of PAM pr miums and renewal notices. In the evauX of loss, Borrower shall 97 : prompt notice to that insurance
<br />carrier and Lender. Lender may make pro tof if not made promptly by fts)rrower.
<br />Unless Lender and Borrower otherwise a T(e in writing, insurance proceeds Shall be applied to restoration or repair
<br />of the Property damaged. if the restoration or repair is economically feasible and Leader's security is not lessened. if the
<br />restoration or repair is not economically feasible or Lender'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 />offered to settle aclaim. then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore
<br />the Property or to pay sums secured by this Security Instrument, whether or not then due. The 30 -day period will begin
<br />when the notice is given.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceed-, to principal shall not extend or
<br />postpone the due date of the monthly 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 Security
<br />instrument immediately prior to the acquisition.
<br />6. Preservation sups Maintenaace of Property; Leaseholds. Borrower shall not.destroy, damage or substantially
<br />change 1Fe Property, allow the P:aperty to deteriorate or carnmit waste. if this Simurity Instrur,-.nt is on a leasehold,
<br />Horrov►r~r s.' -all comply orith the provisions ofthe least, and if Borrower acq;u:+.r °s fee tsYt: to the Protror-:y, the leasehold and
<br />56c title hail not merge urilsss Lender agrees to the i'ncrger in writing.
<br />7. Protection- 0:-EA ssers flighty in d";Prepertp. M6119110 Insbranee. If Borrower fails to perform the
<br />1G;Ae :ants at,d agreements , ►tt;ii +tics3 iA this Security lnstnihiety, or there is a legal prcxlatding that May signif cans lnS afire-,•
<br />in the i'rop<;y : ' u i:: ac a puiceidEFg i:3 Hass -kcuptcy. pmbaic, for ���nt emnariron ror to crtf�nt: f wc, c %i:
<br />rlrgWal'iuns). then Lender may do and pay for whatever is necessary to protect the value of the Propco v and Lencici s tights
<br />ti •-ahe Property. Lender's actions pray include paying any sums secured by a hen which has pri,:rtCy over this Security
<br />9nstrument, appating to court. paying reasonable attorneys' fees and entering on the Property to i,muke repairs. Although
<br />Lender may take action under this paragraph?. Lender does not have to do so.
<br />Any amounts di:burscd by Lender under this paragraph 7 shall become additional debt of Iorrower secured by this
<br />Security instrument. llnlesc flortower and i.endcr agree to other term-, of payment, these amount-, shall bear interest from
<br />the date of dishumeinent at the Note rate and sbAl tv payable. with inteicst, upon notice from Lender t« P.- !r1E1wcr
<br />requesting payment_
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