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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: promptly p pay when due
<br />I. Paytaaat of pr(aeiyd am Intereat; pn"YW tat and Late Llsrtes. Borrower shall p
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and Isle charges due under the Note.
<br />2. MAa& fir Taxes Md 1W1W$W1- 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. a sum ( "Funds") equal to
<br />one - twelfth of (a} yearly taxes and assessments which may attain priority over this Security instrument; (b) yearly
<br />leasehold payments or ground rents on the Property. it 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 Funds due on the
<br />basis occurrent 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 Lander if Leader 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 verifying the escrow items. unless
<br />tender pays Borrower interest on the Fonds and applicable law permits Lender to make such a charge. Borrower and
<br />Lender may agree in writing that interest shall be past on the Funds. Unless an ,tgizemernl is midc or applicable law
<br />r cqulrxa interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />snail give to Borrower. without charge. as 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 arc pledged as additional security for the sums secured by
<br />tbisSecurity Instrument.
<br />If the amount of the Funds hetd by Lender, together with the future monthly payments of Funds payable prior to
<br />the due dates of the escrow items, shalt exceed the amount required to pay the escrow items when due, the excess shall be,
<br />at Borrower's option. either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />amount of the Funds held by Lender is not sufficient to pay the escrow items when due. Borrower shall pay to leader any
<br />amount necessary to make up the deficiency in one or more payments as required by Lender.
<br />Upon payment is full of all sums secured by this Security Instrument, lender shall promptly refund to Borrower
<br />„my Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender. Lender shall apply. no later
<br />thaw immediately prior to the sale of the Property or its acquisition by Lender. any Funds hetd by Lender at the time of
<br />application as a credit against the sums secured by this Security instrument.
<br />3. Applie9ke of Pa1ra>tita. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs 1 and 2 shall be applied; fits¢, W Late charges due under the Note; second, to prepayment charges due under the
<br />Note; third, to amounts payable under paragraph 2; fourth, to interest due; and last, to principal due.
<br />4. Morava; Lleaa. Borrower sbaU pay an tum assessments, charges, fines and impositions attributable to the
<br />Ifnvoerty which may attain prionty.9werr this Secarr V Instrument, and leasehold payments or ground rent& if any.
<br />1knower stssu!b pay these obligations its *e manner provided in paragraph 2. or if not paid in that manner, Borrower shall
<br />M 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 snakes 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 />in 1-nu e. to the pa_ytnent 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 enfa =ncnt of the lien in, legal proceedings which in the Lender's opinion operatc to
<br />igrevent the enforcement of the lien or forfeiture of any part of the Property; or (c) secures from the holder of the lien an
<br />r Weement satisfactory to Lender subordinating the lien to this Secarity Instrument. If Lender determines that any part of
<br />de Property is subject to a lien which may attain pri anty ewer this Security Instrument, Lender may give Borrower a
<br />notice identifying the Gen. Borrower shaft satisfy the here Or Mke one or more of the actions set forth above within 10 days
<br />of the gvingef notice.
<br />S. tiEiAW Inarraaee. Borrowe- sLaDl keep the improvemects now existing or hereafter erected on the Property
<br />insured against: trews by tire. hazards incLxrizi, within the term "ext=dW coverage ' and any other hazards for which lender
<br />requires itnju=., , Tb�s brmance AAA be maintained in the amounts and for the periods that Leader requires. The
<br />insurance carrier protii&mS the insumace'shall be 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. Leader and shall include a, srsactdard mortgage clause.
<br />Lender shall have the right to hold the paJ14n and renewals. If Lander requires, Borrower shalt promptly give to Lender
<br />all receipts of paid premiums and renewal notices. In the event cC jj-w Borrower shall give pramzpl: notice to the insurance
<br />crrrier and Lender. lender may make proof of loss if not made prompdy by Borrower.
<br />Unless Lender and Borrower otherwise agree an.. wwriting, immacance proceeds shall be applied to resteram3m or repair
<br />of the Property damaged. if the restoration or repair �s econonei=UW feasible and Lender's security is not leswred. if the
<br />restoration �x repair is not economically feasible or Lender's seccrt.1 would be lessened. the insurance proceeds shall be
<br />applied to ft sums secured by this Security Instrument, whether Or not then due, with any excess paid to Borrower. If
<br />Borrower Owdons the P=perty, or does not answer within 30 days a notice from Lender that the insurance carrier has
<br />offered to seteLe a claim,, tam 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 m cdce is given.
<br />Uarm Lender and Borrower o&erwise agree in writing. anF application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly gmyments referred to in paragraphs 1 and 2 or change dze mount of the payments. If
<br />wider paragraph 19 the pwperty is ac qw. we f. by Leader,. Borrower's right to any insurance po[Lans and proceeds resulting
<br />Cram damage to the Frope.+ y prior to the azuisitiort sjl ssfl pass to Lender to the extent of thi s'ims secured by this Security
<br />Instrument iaamediateL v priar to the ac( utsiticn.
<br />6. Pmervatiea sad Maintteasa'w of property; Leaseh¢lris. Borrower shall not desumg. damage or substantially
<br />change the Property. allow the Property to deteriorate or commit waste. If this Security Lnv:rument is on a leasehold,
<br />Borrower shall comply with the provisions of the lease. and if Borrower 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. Protecdots of Lender's Rlgbts in the Property; .- MOrW9e 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 />Lender's rights in the Property (such as a proceeding in bankruptcy, probate. for condemnation or to enforce laws or
<br />regulations), then Lender may do and pay for whatever is necessary to protect the value of the Property 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 />Instrument, appearing in court. paying reasonable attomeye fees and entering on the Property to make repairs. Although
<br />Lender may take action under this paragraph 7. Lender does 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. Unless Borrower and Lender agree to other terms of payment. these amounts shall bear interest from
<br />the date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower
<br />requesting payment.
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