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94--" 106719 UNlroRm CovENANn- Borrower and Lender covenant and agree as follows: 1. Paytaaat of WW pd OW tatms%. Prepsytaeat and Late Ckarges. Borrower shall promptly pay when due the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note. L Fosda for Taxes sad Issaraaea Subject to applicable law or to a 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 ( "Fun(s") equal to one - twelfth of: (a} yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly leasehold 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 ofcurrent 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 if Lender is such an institution). Lender shall apply the Funds to pay the escrow items. Leader 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 law permits Lender to make such a charge. Borrower and Lender may agree in writxaq that interest shall be paid on the Funds. Unless an agreement is made or applicable law requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender shall give to Borrower. without charge, an atatral 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 ace Fledged as additional security for the sums secured by thissecurity Instrument. If the amount of the Funds held by Leader. together with the future monthly payments of Funds payable prior to the due dates of the escrow items. shall exceed the amount required to pay the escrow items whets due. the excess shill be, at Borrower's option. either promptly repaid to Borrower or credited to Borrower out rnorethly payments of 1cturlris. l:f; the attmount of tiv.- F'i= s held by Lender is not sufficient to pays the =mw- ijmns when d4ue. Borrower shall pay+ to. F,� any sttttt unt nemwq uxt makeup the deficeer ILettdf m L'•1n n payment its M& fXan su m s �,7ercd by Plus Stmcit:�, Rw:r=,xtt. Letrder shall prompi.'x reSma d to Socrower amya Funds held by Leadw Cf'=bw rAngVy t9- pine Ftq is sold or acquired. by Lender, Ler4er shalD apgpIly. no later Slut immediatetyr prier ar t t5rt sFJi: of Ulu: prgpect� wr nt;s acquisition by Lender. any Funds held by Lender at 'the time of application as a credit spin t clee srz= secaaTed by ahis Security Instrument. 3. ANiicatioa of ftmeata Unless applicable law provides otherwise. all payments received by Lender under pauragraphs I and 2 shall be aprpW; first, to late charges due 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. 6. Charges; Lidms. 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 obligations in the manner provided in paragraph 2, or if not paid in that manner. Borrower shall pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this paragraph. If Borrower makes these payments directly. Borrower shall promptly furnish to Lender receipts evidencing the payments. Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests to good f::.h *%n- lie;. byi o d, � w against enforcement of the lien in. !!PI proceedings which in the Lender's opinion operate to prevent the enforcement of the lien or forfeiture of any pan of the Property; or (c) secures from the holder of the 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 may attain priority over this Security instrument. Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of notice. S. Hazard Imuraaee, Borrower shall keep the improvements now existing or hereafter erected on the Property insured against less by fire, hazards included within the term "extended coverage" and any other hazards for which Lender requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be unreasonably withheld. All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause. Lender shall have the right to hold the policies and renewals. if Lender requires. Borrower shall promptly give to Lender all receipts of paid premiums and renewal notices. In the event of loss. Borrower shall give prompt notice to the insurance carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of the Property damaged, if the restoration or repair is economically feasible and Lender's security is not lessened. if the restoration or repair is not economically feasible or Lender's security would be lessened. the insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. if Borrower abandons the Property, or does not answer within 30 days a notice from Lender that the insurance carrier has offered to settle a claim. then Lender may collect the insurance proceeds. Leander may use the proceeds to repair or restore the Property or to pay sums secured by this Security instrument, whether or not then due. The 30-day period will begin when the notice is given. Unless Lender and Borrower otherwise agree in writing. any application of proceeds to principal shall not extend or postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments. If under paragraph 19 the Property is acquired by Lender. Borrowers right to any insurance policies and proceeds resulting from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security Instrument immediately prior to the acquisition. 6. Preaeration sad Maintenance of Property; Leaseholds. Borrower shall not destroy, damage or substantially change the Property. allow the Property to deteriorate or commit waste. If this Security Instrument is on a leasehold. Borrower shall comply with the provisions of the lease. and if Borrower acquires fee title to the Property, the leasehold and fee title shall not merge unless Lender agrees to the merger in writing. 7.. Protection of Lender's Rfghts in the Property; Mortgage Insurance. If Borrower fails to perform the cavm wtx mularmmmus- contained in alis. Security Cnstrument. or there is a legal proceeding that may significantly affect Lcutal)F. ttitrltm hi dheOrope rty fxual: 2�.a: procceiiing,in bankruptcy, probate, for condemn anon or to eafarce laws or rgltiLuintrsjy ;literT enil�rmit�ldes: a «Yp =y�CAL.�uiiafx :a,�rraecessat S+ ra protect the %-alueof tbz' Fri7perty and Lenders rotts in t'.lie-Fimp erts1. Laider'%s at. jnu mlyj rj1 -.cJ de payijig any suites secured by a Ilan. whicb. lms prtonty over talus Se=' ru'.21 1 tssi5{tnuiasl;,,tppearingin court, paying reaGanable attorneys' fees and :entering ors rbe Pi- 6perrF i:o make repairs. AlthdugLr f ewler =11, tmlce action under this pan, gsmph 7. Lender does nac havze to do so. /YQiyt r,rreounts disbursed by Len&; under this paragraphs 7, sbaff. become additional debt. of Borrower secured by this Security Instrument. Unless Borrower and Lender agree i-a other terms of payment. these amounts shall bear interest from the date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower re quegting payment. i