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UmFoRm CovENANT& Borrower and Lender covenant and agree as follows: 89,. 105249-
<br />L Paytattat of ftbmipal gad Iatterettt; Pmpar oesd aad Late G1twvL 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 />3. F=6 for loxes ad Ineram. Subject to applicabk•law or to a 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 sum ( "Funds') equal to
<br />one -tweMh o(: (a) yearly taxes and assessments which ms)r attain priority over this Security Instrument; (b) yearly
<br />leasehold payments. or ground rents on the Property; if any; (c) yearly hazard insurance premiums; wd- (d) yearly
<br />tnartSW insurgence premiums. if any. These items are caned "escrow items." Lender may estimtate the Funds due on the
<br />luck of _ to aed trs�er..r.L t:M.�'� a.�"t:::� � =t,',;:*T - - - - — `- — - t
<br />The Funds "be held is 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 />Larder etty not cMrge for hoitiMg and applying the F Oft snslyziNg'the Amount or verrifyina the esen witeeis, unless
<br />Leader pays Borrower interest on the Funds and applicabk law permits Lender to make such a charge. Borrower and
<br />t"der racy agree in wi tiiag that intam shall be paid on the Funds. Unless an agreement is made or applicable law
<br />n*siren imerat to be paid. Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />s Wl givt to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />;;prtrpoae for which each debit to the Funds was made. The Funds are pkdged as additional security for the sum secured by
<br />ois SebU ty Instrument.
<br />If the smount of the Funds held by Lender, together with the future monthly payments of-Funds pay*k prior to.
<br />p of the escrow► item, shall exceed the amount required to pay the escrow items when due, the e: ,sha11 be,
<br />,; ; t►f: N vpdoni either promptly repaid to Borrower or credited to Borrower on monthly payments or,� OIlvrls: if the
<br />akitottip' ie Find Lender is not sufficient to pay the escrow 'stems when due, Borrower shall pay E� Wider ;
<br />rftnouat necesaary td st ce up the delkiency in one or more payments as required by Lender.
<br /><' Upon payment to full of alt sums secured by this Security Instrument, Lender shadpnagi y refund to Borrower`'
<br />an Funds held Lender. If under
<br />Y by paragraph 19 the Property is sold or acquired by Lend4s;.t%a� shall apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by Lender, any Funds. l `�y lender at the time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />3. ANlileWon of Payouts. Unless applicable law provides otherwise, all payments ry etved by Lender under
<br />paragraphs l and 2 shall be applied: first, to late charges stead, to due under the Note; stea to prepayment charges due under the
<br />te;
<br />No tbkd, to amounts payable under paragraph 2; fourth. to interest due, and W. tp,principal due.'
<br />.4,:; Owgw Leas. 117in1wer shall pay all taxes. assessments, charges, fines and impositions attnYiw*k to the
<br />Propeq% _< i rich rm;}c, attni>h _prf"y over this Security Instrument. and leasehold payments or ground _i iiY3; .iP ante:.,
<br />8orroli s"s#rt�3t pax r obligations in the manner provided in paragraph 2, or if not paid in that owner. Borrower
<br />i}A link ,41J.D "Py to the person owed payment. Borrower shall promptly furnish to lm dci.Q noticex nBamwiM ..
<br />? :`�{q tie fini► i.afiider thin paragraph. If Borrower makes these payments directly. Borro*,W shall protrnpt7y ftittit nap Lendee
<br />reteifRt itirriiteneing the payments.
<br />"er shall promptly discharge any lien which has priority over this Security instruMM!'Unless Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to 1u4* -; (b) contests in good.
<br />faith the lien by. or defends against enforcement of the lien in. legal proceedings which in the Lice is opinion operate to
<br />prevent the enforcement of the lien or lbrfriture of any part of the Property; or (c) secures from ,the holder of the lien an
<br />agreetwgr4Satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines thaj. spy part of
<br />the Pr'tirnit. ..is subject to a lien which may attain priority over this Security instrument. Lender may give Borrower a
<br />-notice ifying thaZoen. Borrower shall satisfy the lien or take one or more of the actions set fotth above within 10 dal,*
<br />of the giving of noti*.
<br />S. "oared IM-k0' *M, Roffouver shall keep the impurrcments now e;iistiir$ O ,he;eaftcr erected on the
<br />Properly
<br />insured against toss by fire. hazards included within the term "extended coverage" an�nt-sy other hazards for %Wch Lender
<br />requires inwrsnce. This insurance shall be maintained in the amounts and for tht periods that Lender requires. The
<br />.,insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be
<br />,unreasonably withhglc{
<br />All insurance p0lcies and renewals shall be acceptable to Lender and shall include a ,%io4srd mortgage clause.
<br />•Lender'sAtrr 1 have the right to hold the policies and renewals. If Lender requires. Borrower shall promptly gist to Lender
<br />all recapft of paid premiums and renewal notices, in the event of loss. Borrower shall give prompt :notice to, I-Alt h.1surance
<br />carrier mttjht enter. t1nder may make proof of loss if not made promptly by Borrower:
<br />Unless Lender air,.d Borrower otherwise agree in writing, insurance proceeds shall be applidcfi_o restoration or repair . .
<br />of the Property dama'Rod, if the restoration or repair is economically feasible and Lender's security is not lessened. If the
<br />irestoradda,or repoiris not economically feasible at Lender's security would be lessened, the insurance proceeds shall be
<br />applied its the sums tcecured by this Security instrumtent. whether or not then due. with any excess paid to Borrower. If
<br />BorrowitvxGandons the Property, Or does not answer within 30 days a notice from Lender that, the insurance carrier has,
<br />,vtlrered tdeettks c},tintahen Lender may collect the insurance pruceedi, Lender may use the proceeds to repair or restore
<br />the Prope y or.trpsy sums secured by this Security Instrument, whcllkr or not then due. Tii+e -X- day period will begin
<br />when t1Nr:ttat.ice is*Wt".
<br />d;iodettA Lettddand Borrower otherwise agree in writing, any application-0( .PC.Iveds to principal shall not extend or
<br />postpotk the- due dare of the monthly payments referred to in paragraphs I an. -Ili f s1ange the amount of the payments. If
<br />under paragraph Ig the Property is acquired by Lender, Borrower's right to any iMurance 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 />i Pt eaerration gad Mobleaaace of Properly; lgmWlda. Borrower shall not destroy, damage or substantially
<br />lunge the Property, allow the Property to deteriorate or commit waste. If this Security instrument is on a leasehold.
<br />Borrower shall comply with the provisions of the lease, and if Borrower acquires fee title to the Property, the lasehold and
<br />lee title shall not merge unless Lender agrees to the merger in writing.
<br />7. PraWW* of 1~9 Riots is the Property; Mortgage ineraace. if Borrower fails to perform the
<br />covenants and agreements contained in this Security Instrument. or there is a legal proceeding that may significantly affect
<br />Lender's rights in the Property (such as a nruceeding in bankruptcy, probate, for condemnation or to enforce lance or
<br />r'* : 60na).tk, -,L*o&i tnay do and pay fur whatevEr is necessary to protect the valueof lbeProperly and Lender's rights
<br />in the Property. Lender's actions may include paying any sums secured by a lien which has priority over this Security
<br />t
<br />Instrument. appearing in court. paying reasonable altorneys' fees and entering on the Property to make repairs. Although
<br />{� Lender may take action under this paragraph 7. Lenderdoes 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. Unkss Hortower and Lender agree to ether terms of payment, these amounts shall bear interest from
<br />the date Of d►aburstment at the Note rate and shall be payable, with interest, upon notice from Lender to Horrower
<br />requesting paymenu
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