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r I 105359 UMPMU COVMAt+ M. Swrowa and L odor covenant and ague n follows: 1. room Orr# lPd "d i nufait PlrnPsywswt near Late tL1rw. Borrows shall promptly pay when due tit principal ofwattimterat on the debt evidenced by the Note and MY prepayment and We charges due under the Note. i Firsis fisr Tam osedi■aurasteL Subject to applieabler law or to *written waiver by Larder. Borrower shall pry the dq monuoy y jwmisara dw under roc i�ia ri[�%ia[�i�- — part* in tt7l. a suen�"FuuiTs"jeginaTto - — -- - — - otso-tweplh o : (a? yearly taxes and assesranents which may attain priority over this Security Instrument; (b) yearly l mgbdd paymeatt or Vomsd rents oat. else Pity if my, (e) yearly hazard insurance premiums; ad (d),ymly _._. iW b w mm Orwhilas, if my. Thaw item art: caged "iaerar items." Lender may estimate the Fault; due an the ' bass ofcmzeatdwand rateostabietstitassasofliuntre at raw itaas. Tie FwWkd aUbe bdd is an inedtodm tbedepositmoraeeountsof which*r bmwed or guaranteed by a federd or trace agree) (hacbsding I.asder if I.ey,der is such an instinnriom). Leader shall apply the Funds to pay the escrow items. Leader may no charge for bolding and applying the Fummk anlalynaag the account or verifying the escrow items. ualm Leader pays Borrower interest ors the Funds and applicable law permits Linder to make such .a charge. Borrower and Lender away agree in writing that interest shall be paid on the Funda, Unless in agreement is made or applicable law mquirpt interest to be paid. Lender stall not be required to pay Borrower any imams* or earnings on the Funds. header Shall gives Borromsr, without charge. an annual aceauatingofthe Funds sboawving credits and debits to the Funds and the purpose for wbids euk debit to the Furls was inade. 71e Funds are ptedgQd i$ additional secs ty for the sums secured by thin Secant)► Ise . If the amooat,ofthe Fuada held by Lander, toRtier wits the Route monthly payments of Funds payable prior to the dean dates ofthe emow items, slmall exceed the ammt required to pay:the escrowItems when due. the e.zoas shall be, at Borrower's option„ either promptly repaid to Bortrswer or credited to Borrower an monthly payments of Funds. If the amount of the Funds held by Leader is not sufficient to pay the escrow items when due; Baww*r shall pay to 11 any amooun necessary to make up the deficiency in one or more payments as required by Lender. Upon payment in full of all sums secured by this Security Instrument. Lender shall promptly refund to Borrower any Faod , held by Lender. If under paragraph 19 the Property is sold or acquired by Lender, Lender shall apply, no later than im mediatdy prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of application as a credit against thesums secured by this Security Instrument. S, Andatidaa at Pay Unless appiimbie law provides otherwise, all payments rea dved by Lender under puagrapirc t and 2 shall be applied: first. to late charges due under the Ncft second to prepyment charges due under the Nose tiirdl. boasaotsb payable unnhr paragraph 2; fomartb. to ianterat due; sad last, to principal due. dr. Changan, Lisaa. Borrower sMU pay all raw, assessmeats. charges. bmxs and impositions attaWtable to the Property which may attain primty o this Security Imstrumaeat, and kaseibold payments or groimd rents. if any. va { Borrows shall pay these ob5p ns ins the manner provided in paragraph 2. or if not paid in that manner, Borrower shall pay them an time directly to the person owned payment. Borrower shall promptly furnish to Lender all notices of amounts to be paid trader this psrNPA. If Borrower makes these payments directly. Borrower shall promptly furnish to Lender receipts evi. ciui the payment& Borrower daall promptly diacebarp any lien which has priority over this Security Instrument unless Borrower: (a) ague sin writing tothe payment of the obligation secured by the lim in amanner acceptable to Lends; (b) contest in good faith the lieu by. or deftnds spim enforcement of the iien in, 1-- proceedings which in the Linda's opinion operate to prevent the enforcement of the liens or forfeiture of any part of the Property; or (c) secures from the holder of the lien an agreemeat- a!'aetoiy to Leader subordinating the lien to this Security Itatrummt, if Leader determines that any part of t>!e Property is subject to a lies which may attain priority ova alas Security Instrument, Leader may give Borrower a notice W=dfyimg the lien. Borrower shall satisfy the lien or take one or as, P of the actions at fortb above within 10 days oftiegivingo(notia. 5. Hood Iwrrassm Borrower dhait keep the imp mNements now existing or hereaftwemeted on the Property _ iaawatlapiiwst loss by fire, hazards: ikduded within the term "extended coverage•, and any othtrUranls for which Lender ragaiet:n it OMnInoe. Thin insurance; shall be maintained in the amounts and for the periods drat' lender requires. The bearawe carrier providing the wssiraeuae: shall be chosen by Borrower subject to Lender's approval which shall not be tturassoatbt)► withheld, Ail inxirance poet w and renewahu shall be acceptable to Lender and shall include a standard mortgage clause - Lends shsU have the right to hold, the policies and remawaht. If i.emder requires. Borrower shall promptly give to Leader all receipts of paid premiums and traurwal notices, In the event of loss. Borrower slunk give prompt notice to the insurance carrietwA Lender. Leader may mans proofof loss ifmot made promptly by Borrower. Unlea Lawler and Borrower otherwise agree in waiting, inwranmproceeds shall be applied to restoration or repair ON* Property damaged. if the restoration or repair is economically feasible and Leader's security is not lessened. if the restoration or repair a not economically feasible or Lender's security would be kseeaad. the insurance prcceeiis shall be appmW to the sums secured by this Security Instrument, «bather or not then due; with any excess paid to Barrow er. If air tp+iripi�siaaadorns the Property, or does not amwer within 30 days a• notice from Leader that the insurance carrier has nines s;vettle a claim, then Lender may colk" the insurance proa%ft.. Lmder may im the proceeds to repair or restore tie PXopaty or to pay susas secured by this SWnity Instrument, wheth r or not theft due The 306day period will begin Whose the it notice given. Uz+less Laadaand Bonaw,rr otherwise ajra in writing, zany application of pir =ds to principal shall nettextend or postpone the due date of the moretUy payments rates. to in paragraphs i and 2 or change the amount of the pitvments. If trader paragnapb 19 the Property is acquired by Leader. Borrower's ri& to any insurance policies and proceeds resulting,. . from d=W to the Property prior to the acquisition shall pass to Lenft u) the extent of the sums secured by thisSecurity, tastrsrseat inmrediatdy priorto the acquisition. IL ltwsraartNa 11011 Maiatssaace of Preperv; Leaseholds. Borrower shall not destroy. damage or substantially ciamge The Property, allow the Property to deteriorate or commit waste. If this Security Instrument is on • leasehold.: Borrower"congnly with the Q-ttlb l— and draw-rower =tirxfee title to the tip ty. the ieasel,olGaati3 '. fee titled all not merge unless Lender agrees to the merserin writing. 7. 1% W-11 sa of 1mWWs RW* i• tits PieWlf; Mortpp tamnace. If Borrower fails to perform the aovaatots sad agrenmeists contained in this Security Instrument. or there is a kgal proceeding that may significantly affect 1911does rights in the Property (arch as a proceeding in bankruptcy. probate, for condemnation or to erifotr* laws or regaiadmx then Lsndermay doand pay for whatever is *necessary to protect the value of the Property a14 i'.:ir cr's rights is the Property. Lender's actions may include paying any sums secured by a lien which has prior-_i Ovt;r..tltis Security Iastrasamt, appearing in court. pying reasonable attorneys' fen and entering on the Property to make r &,frs. Although Lender may take action under this paragraph 7. Leader does not have to do so. Any arnounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this � Security instrument. Unkse Borrower and Lender agree to other terms of payment, these amounts shall bear interest from the date of disbursement at the Note rue and shall be payable. with interest, upon notice from Lender to Borrower rsgmatating payment.