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0526 5
<br />UNWMAICOVIENAvrs. Borrower and Lawliercoveriant and agree as follows:(
<br />t. lgaastt of PtMeilttt teal IattsreN= Priaymm ad Left Charps. Borrower shall promptly ;pay when due
<br />the principall'of'sind interest an the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />& Fouileftr Taros anti lannMIM Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly paynsents, are due under the Note, until the Note is paid in full.. a sun ( "Funds ") equal to
<br />f .
<br />oalietwelfth of (a) yearly taxes and assessments which may 'attain priority over this Security Instrumtent. (b) yestly
<br />sz and (d) yearly
<br />IvAdmAd. payments or ground ftnts.on the Property, if any, (c) yearly hazard insurance premium
<br />Mortm issanace premiums, if any. These ittRK- are called "escrow items.— Lender may estimate the FUM& do 64 the
<br />The Furob shall be IwJd in an institution the deposits oraccounts
<br />state &pmy (including Lender if Lender is such an institution). Lender shall aWy the Funds to pay the escrow items.
<br />Ladermsay not charp for hokfini; and applying the Farads,. MlyzinS.the accouttit or verifying the escrow item. unless
<br />Leader pop Borrower interest on the Funds. and applicable law permits Lender to make such a charge. - Borrower and'
<br />Leatder may agree in writing that interest shaM be paid on the Funds. Unless an agreement is MS& or applicable IAW
<br />regtpttis interest to be paid. Leader shalt not be required to pay Borrower my interest or earnings on the Funds. Lender
<br />sMsft give tollonowa without charge, an annual accounting of the Funds showing credits and ".tsLjj,"the Funds and the
<br />pttrpae for which each debit to the Funds was made. The Funds are pledged as additional security Alr. the rums secured by
<br />tttaSeeurity instrument.
<br />If themnount of the Funds held by Lender, together with the future monthly. payments of Funds payable prior to
<br />the due data otftrescrow items, shall exceed the amount reqairva to pay the escrow irgm. wthen due. the excess shall bo--
<br />"i
<br />at Bommee%,6pt*-*. tither rrompt1y repaid to Borrower or cfedftA4.4.0 Borrower on of Funds. -Ifthe
<br />afflount-orther V606.1* pay to Lender any
<br />Lender not sullicient to the
<br />afflo"t in one or more payments as recligriapy Lender,,
<br />U -Umder %ball. 0!�mptly refund to Borrower
<br />panpayftst #W&H sutras secured by this Security Initkuft0t.
<br />any Funds hddbyl.6 � Tfiinder paragraph 19 the Property is " ci or acquired by Letidrit&nder shall apply. no later
<br />ti than intmeditttly pi�r tq:t& safe of the Property or its acquisiointby Lender, any Funds, held by Lender at the time of
<br />'ip
<br />tionssacteffit 'hm- the sums secured by this Security Instraiment. -
<br />"plica
<br />X -A"MostiniOAsyssests. Unless applicable law p.-dvidesotherwise, all payments received by Lender under
<br />parWaphs I s6d 2 shall be applied: first, to latecharSes due urdar0he Note. second, to prepayment charges due under the
<br />Note, third, !dLroinounts payable under paragraph 2; fourth, ry in.06.vst due, and last, to principal due.
<br />4. Chwvw Lien, Borrower shall pay all uxm asawmints, charges, fines and impositions attributable to the
<br />FnVerty which may attain priority. over this Security lintrument, and leasehold payments or gromd rents, if any.
<br />&=*et shall -pay these obligations in the manner provided in paragraph 2, or if not paid in that rnan6er. Borrower shall
<br />prey them on time directly ids the perwrtm ' wed payment. Borrowershall prompey furnish to Lender all notices of amounts
<br />to be paid unda. ibis paragraph. Ir ROmwer makes thew paymrcntv- d ircctly, :- 8�mkower shall promptly furnish to Lender
<br />receipts 4v *A the payments.
<br />Borr6ii*.�.hall promptly discharge any lien which has priority over t Security Instrument unless Borrower. (a)
<br />&Zrces 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 defend% against enforcement of the lien in, legal proceedings which in the Lcnderlsr.�inion operate to
<br />prevent the te%�cemcnt of the lien or forfeiture of any part of thi Property; or W secures from the hinder of the 5m an
<br />agreement satllKictory to LeWer subordinating the lien to this Sir arity Instrument. If Lender determines that any OW. of
<br />thie Property subject to a lien which may attain priority over this Security Instrument, Lender mx)> give Borrower a
<br />rvoce identifying the lim. Borrower shall satisfy tht lien or take one or more of the actions set fortbaSam within 10 days
<br />giving of iotice.
<br />S. giving Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured agaimAnis by firs; tuntdi ind Wed within the term "extended coverage* and arij;.40,er hazards for which Lender
<br />*vires insurance. This fmi lurance shall be maintained in the amounts and for the pel-WnWh that Lender requires. The
<br />iAft'nince carrier providing; ike insurance shall he chosen by Borrower subject to Lender's approval which shall not be
<br />Yaft%sonably withheld.
<br />All insurance porpc6 and renewals shall be acceptable to Lender anS shall include a standard mortgage clause.
<br />Lender shall t*t the right to hold the policies And renewals. If Under requires. Borrower shall promptly give to LeiTdcr
<br />all receipts offAF0 premiums and renewal notices. In the event of V4rAs, Borrower shall give prompt motict to the ins;�_rancc
<br />carrier and Lender. Lcr4rmay make proof of loss if ax)t made promptly by &. *tower.
<br />Unless Under aid! Borrower otherwise agree m writing, insurance prcwwids shall be applied to m n1mration or repair
<br />ot'dw Property damaged, if the restoration or repair is economically feasible and Lender's security is not lessened. If the
<br />reotocation or tepaif is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be
<br />aped to the sums secured by this Security Imstrument, whether or not then due, with any excess paid to Borrouer. If
<br />116ire,ower abandons the Property, or does not answvr within 30 days a notice! from Lender that the insurance carriers has
<br />ofikoed to settle a claim. then Lender may collect the insurance proceeds. Lender may use the proccedi-varepair or restore
<br />the Property or to pay sums secured by this Security Instrument, whether or not then due. The 3•,day period will begin
<br />when the nGtke is given.
<br />Unless Under 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 refaved to in paragraphs I and 2 or change the amount of the payments. If
<br />wm*r paragraph 19 the Pq4rerty is acquired by Lwdcr. Borrower'% right to awry insurance policies and proceeds resulting
<br />%widenmV tothe Propcity prior to the pass to Lender to- thteatent of the sums sec-u-mcl by this Security
<br />11rt*riument immediately prior to the acquisition.
<br />6. Pmwvatkm Am MsiRteM@Mo1 Property; Leaseholds. Borrower shall mg cause roy, damage or substantially
<br />change the allow the Property to deter,neme or commit waste.1f this Security Instrumen: is %in a leasehold,
<br />R*awev shall comply w0bi,* provisions of the t�awand if Borrower acquires fee title to the Proper yj;,;hcleasehold and
<br />(ectitle shall not nwrg4! WWW# Lender agrm- to the mitrger in writing.
<br />7. ft"Wflos of 1,46ders RIXbft is the Property: Mortgage Insurance. If Borrower fails to perf^M_ the
<br />covountsWA.atreements contained in this Security Instrument. or there isa legal proceeding that may
<br />I-tndcr`% rijl#4 in the Property (such as a proceeding in bankruptcy, prob3te, for condemnation rr to enforcir•46r1p, or
<br />than. und;rjoRy do acrd pay fm wbaj&iivHr, mccssary to protect the valuc of the Proper!" arse! l ender t raghts
<br />4V he progmly, may include pa5v?�Z any sums secured by a lien which has prinrj,.Iy�, t,.�-er this Security
<br />4#k�rurnent, A'Spearin", iri�-4iil. paying reasonlble attorneys* fees and entering on the Property to m4ii,.; repairs. Although
<br />Undler may take action UrWa tS)s';%1%j7Vph 7. Lender dotes not have to do so
<br />Any arnountsdAbursedby =r under this paragraph 7 shall become additional, debt of Borrower secured by this
<br />Swarity Instrument. Unless IkTrower and tender agree to other terms of payirmt. theme annoui m Nfiall hear interest froni
<br />tWe date of disburwment at the Note rate ;ind shall be payable. with inter4st, upon notice from Under to IfOrTo•er
<br />thweslinji, payment.
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