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go. 100742
<br />UNIFORM CovENMNn Borrower and Lender covenant and agree us follow.
<br />1. Paiment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pity when due
<br />the principal of and interest ou the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />2. Funds for Taxes and Insurance. Subject to applicable 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, it sum ( "Funds ") equal to
<br />one-twelfth of: (a) yearly taxes and assessments which may attain priority over this Security Instrument; (h) yearly
<br />leasehold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortgage insurance premiums, if any. These items are called "escrow items." Lender may estimate the Fund% due on the
<br />basis of current data and reasonable estimates of future escrow items.
<br />The Funds shall be held in 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 />Lender may not charge for holding and applying the Funds, analyzing the account or verrf:,t:nrg the escrow items, ante%
<br />Lender pays Borrower interest on the Funds and applicable taw permits Lender to ret,.nke such a charge. Borrower and
<br />Lender may agree in writing that interest shalt be paid on the Funds. Unless an ag-Teera nt is Made or applicable taw
<br />requires interest to be paid. Lender shall not. be mquired to pay Borrower any interact or comings on the Funds. Lender
<br />shall give to Borrower, without charge, an anttuA ei,`.vunting of the Funds shnwcing cwdits atid .ierits W th, V Fends and the
<br />purpose for which each debit to the Funds was trzde. The Funds are pledged its additional secut' iy for t` c sams s:.:ar: w by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly of Funds payable prior to-
<br />the due dates of the escrow items, shall exceed the amount required to pay the escrow items when due, the excess shall be.
<br />at Borrower's optivn. either promptly repaid to Darrower or credited to W-irrower on monthly payments of Funds. if the
<br />amount of the F;t s& [field by Lender is not sufactznt to pay the escrow items when due. Borrower shall pay to Lender any
<br />amount: m=s�Qq in a ke up the deficiency in one or more payments as required by Lender.
<br />i<: cvn secured by this Security Instrument, Lender shall promptly refund to Borrower
<br />any Fu-,n;R0!. -U by Le -a5m flf vn dec Par-Agrapii t4• rbe Property is sold or ae�Vaired by Lender, Lender shall apply, no later
<br />th:Ai r2he sane OF the ln:,ptr':a: .4r its acquisition by Ltmw{_r, any Funds held by Lerider at the time of
<br />appfia aui'art
<br />as a crttlrt a#hst the sues_- s:swrce tax 0,zis Security Instrument..
<br />fit. :4ppllcation of paymerrs. %inW s applicable law provides othenaue, all pay»xNnts received by Lender under
<br />paragr gJ%si 1 and 2 shall be applie.": if rs% to lark w$arges due under the Note. s"vnd. to f eepik rent charges due under One
<br />Note; tturd, to amounts payable un�':ir rages t` fourth, to interest due: =a [ase, to p� u^. ��d clue.
<br />4. Charges;, II�i�etts. Borrower er shalt oaf •:'T taxes, assessments. .rr ^,1• unpua tioss attributable to the
<br />Properly which rrmS:t, stxain priotity.over tlzes :a::arity Instrument, imi :�aweK1,a['d pit M)Wts or ground rents, if arty.
<br />Borrower shirt pal: Ott obligatiorts in the martmes provided in paraSra Vb :. cr it not psdt La that ntarsrr.'er. Borrower sba ..
<br />tray tha:m: em uine disactty to the person owed payment. Bomower strati pcor.^l.tl} ��rrisN tsr' lender all rtat wes. of amounts
<br />to be pmid udder Chis paragraph. If Borrower makes these payments direct y, i&c�rrawer sP -0 promptty furnish to LerrAer
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security instrument untess 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. If Lender determine% 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 forth above within lU days
<br />of the giving of notice.
<br />S. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the term "extended coverage" and any other hazards for which Lender
<br />requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The
<br />insurance carrier providing the insurance shall he chosen by Borrower subject to Lender's approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br />Lender shall have the right to hold the policies and renewals. If Lender requires. Borrower shall promptly give to Lender
<br />all receipts of paid premiums and renewal notices_ In the event of loss, Borrower shall give prompt notice to the insurance
<br />carrier and Lender. Lender may make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree 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 Lender's security is not lessened. If the
<br />restoration or repair is not economically feasible or Lenders 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 a claim, then Lender may collect the insurance proceeds. Lender ma} 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 proceeds, 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 tothe acquisition.
<br />6. Preservation and Maintenance of Property; Leaseholds. Borrower shall not destroy. damage or substantially
<br />change the Property, alloys the Property to deteriorate or commit waste. if this Security Instrument is on a leasehold.
<br />Borrower shall eomp)y with the provistons of the lease, and if Bilrroucr acquires fee title to the Property, the leasehold and
<br />fee title shall not merge unless Lender agrees to the merger in writing.
<br />7. Protection of Lender's Rights in the Property; Mortgage insurance. 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 />Lenders rights in the Propene (such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws or
<br />rmulations), then Lender may do attd pay for w hates er is necessary to protect the value of the Property and Lender's rights
<br />in the Properly. l.erders acrboms may include paying any sums secured by a lien which has priority over this Security
<br />Instrument, appci:ring: incaurt.. {ayrng seasonable attorneys' fees and entering on the Prc*perty to make repairs. Although
<br />Lender may take acti�)n undL�r ilii's paragraph. 7, Lender does not haw a to do so.
<br />An) amounts dishtsrs��(i l)!:L• tr[tder.ui7(i(ri Ibis paragraph 7 shall betwinrradditioni9 debt of Borrower secured by this
<br />�y wunty Instrument. Unlrwws fiorn)vier an(i'4eiiiier agree tO Other Terms of r:lymciir. tlie�amoums shall bear interest from
<br />the ({lima! of disbursement at else i 61e rate acid shall he payable. with interest. upon notice from Lender to Boomer
<br />requesting payment.
<br />m -iti
<br />go. 100742
<br />UNIFORM CovENMNn Borrower and Lender covenant and agree us follow.
<br />1. Paiment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pity when due
<br />the principal of and interest ou the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />2. Funds for Taxes and Insurance. Subject to applicable 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, it sum ( "Funds ") equal to
<br />one-twelfth of: (a) yearly taxes and assessments which may attain priority over this Security Instrument; (h) yearly
<br />leasehold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortgage insurance premiums, if any. These items are called "escrow items." Lender may estimate the Fund% due on the
<br />basis of current data and reasonable estimates of future escrow items.
<br />The Funds shall be held in 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 />Lender may not charge for holding and applying the Funds, analyzing the account or verrf:,t:nrg the escrow items, ante%
<br />Lender pays Borrower interest on the Funds and applicable taw permits Lender to ret,.nke such a charge. Borrower and
<br />Lender may agree in writing that interest shalt be paid on the Funds. Unless an ag-Teera nt is Made or applicable taw
<br />requires interest to be paid. Lender shall not. be mquired to pay Borrower any interact or comings on the Funds. Lender
<br />shall give to Borrower, without charge, an anttuA ei,`.vunting of the Funds shnwcing cwdits atid .ierits W th, V Fends and the
<br />purpose for which each debit to the Funds was trzde. The Funds are pledged its additional secut' iy for t` c sams s:.:ar: w by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly of Funds payable prior to-
<br />the due dates of the escrow items, shall exceed the amount required to pay the escrow items when due, the excess shall be.
<br />at Borrower's optivn. either promptly repaid to Darrower or credited to W-irrower on monthly payments of Funds. if the
<br />amount of the F;t s& [field by Lender is not sufactznt to pay the escrow items when due. Borrower shall pay to Lender any
<br />amount: m=s�Qq in a ke up the deficiency in one or more payments as required by Lender.
<br />i<: cvn secured by this Security Instrument, Lender shall promptly refund to Borrower
<br />any Fu-,n;R0!. -U by Le -a5m flf vn dec Par-Agrapii t4• rbe Property is sold or ae�Vaired by Lender, Lender shall apply, no later
<br />th:Ai r2he sane OF the ln:,ptr':a: .4r its acquisition by Ltmw{_r, any Funds held by Lerider at the time of
<br />appfia aui'art
<br />as a crttlrt a#hst the sues_- s:swrce tax 0,zis Security Instrument..
<br />fit. :4ppllcation of paymerrs. %inW s applicable law provides othenaue, all pay»xNnts received by Lender under
<br />paragr gJ%si 1 and 2 shall be applie.": if rs% to lark w$arges due under the Note. s"vnd. to f eepik rent charges due under One
<br />Note; tturd, to amounts payable un�':ir rages t` fourth, to interest due: =a [ase, to p� u^. ��d clue.
<br />4. Charges;, II�i�etts. Borrower er shalt oaf •:'T taxes, assessments. .rr ^,1• unpua tioss attributable to the
<br />Properly which rrmS:t, stxain priotity.over tlzes :a::arity Instrument, imi :�aweK1,a['d pit M)Wts or ground rents, if arty.
<br />Borrower shirt pal: Ott obligatiorts in the martmes provided in paraSra Vb :. cr it not psdt La that ntarsrr.'er. Borrower sba ..
<br />tray tha:m: em uine disactty to the person owed payment. Bomower strati pcor.^l.tl} ��rrisN tsr' lender all rtat wes. of amounts
<br />to be pmid udder Chis paragraph. If Borrower makes these payments direct y, i&c�rrawer sP -0 promptty furnish to LerrAer
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security instrument untess 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. If Lender determine% 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 forth above within lU days
<br />of the giving of notice.
<br />S. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the term "extended coverage" and any other hazards for which Lender
<br />requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The
<br />insurance carrier providing the insurance shall he chosen by Borrower subject to Lender's approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br />Lender shall have the right to hold the policies and renewals. If Lender requires. Borrower shall promptly give to Lender
<br />all receipts of paid premiums and renewal notices_ In the event of loss, Borrower shall give prompt notice to the insurance
<br />carrier and Lender. Lender may make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree 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 Lender's security is not lessened. If the
<br />restoration or repair is not economically feasible or Lenders 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 a claim, then Lender may collect the insurance proceeds. Lender ma} 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 proceeds, 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 tothe acquisition.
<br />6. Preservation and Maintenance of Property; Leaseholds. Borrower shall not destroy. damage or substantially
<br />change the Property, alloys the Property to deteriorate or commit waste. if this Security Instrument is on a leasehold.
<br />Borrower shall eomp)y with the provistons of the lease, and if Bilrroucr acquires fee title to the Property, the leasehold and
<br />fee title shall not merge unless Lender agrees to the merger in writing.
<br />7. Protection of Lender's Rights in the Property; Mortgage insurance. 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 />Lenders rights in the Propene (such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws or
<br />rmulations), then Lender may do attd pay for w hates er is necessary to protect the value of the Property and Lender's rights
<br />in the Properly. l.erders acrboms may include paying any sums secured by a lien which has priority over this Security
<br />Instrument, appci:ring: incaurt.. {ayrng seasonable attorneys' fees and entering on the Prc*perty to make repairs. Although
<br />Lender may take acti�)n undL�r ilii's paragraph. 7, Lender does not haw a to do so.
<br />An) amounts dishtsrs��(i l)!:L• tr[tder.ui7(i(ri Ibis paragraph 7 shall betwinrradditioni9 debt of Borrower secured by this
<br />�y wunty Instrument. Unlrwws fiorn)vier an(i'4eiiiier agree tO Other Terms of r:lymciir. tlie�amoums shall bear interest from
<br />the ({lima! of disbursement at else i 61e rate acid shall he payable. with interest. upon notice from Lender to Boomer
<br />requesting payment.
<br />
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