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- i:u^.1�1Rt= UNIFORM COVENANTS. Borrower and Lender covenant and some as fobwa: 1. Pftjfaug d d Princlpd and Interest; Prepayment and Late Charges. Borrower shall promptly pay when der the pin" of and interest on the debt wMaoed by the Note and any prapaymwd and We charges due under the Note. 2. Funds for Taxes and Insurance. subject to applicable law or to a written waiver by Lender. Borrower shall pay to Lender an the day monthly payments we der under the Note, until the Note Is pall In flrlf, a sum ("Funds') ograd to one•lwerlh ol: (8) Ysu* taxes and asseeamenta which may allai n pktrfly over this SOWNY Instrurrnsnt; (b) yearly, ieuehold payment$ aground mote on ON Property. r align(@) yen* hoard Insurance premiums; and (d) yearly mortgage insurance premiums. N any. These Item* are cared "escrow lfen h Lander may ese eel the Funds der on the barb of current of accounts which cream Insured a igu$rantated by federal or state agency The Fwnde shit be hind M an Institution the dspoeks (including Lender M Lander to such an Insthifion). Lander shelf apply the Funds to pay the escrow Items. Lender may not charge for holding and applying the Funds, analysing the a000wd or vedfyIng the *$crow llama, unless Lander pays Borrower Intarset on the Funds and applicable lawn poo is Lender to nuke such a charge. A charge aamsed by Lender in conn*cllon vAh Borrower's entering into this Security Inatrlanwd to pay the coat of en irndspendsnt tax rspodInO ae"in shelf not be a charge for purposes of Ulu preceding sentence. Borrower and Lander may agree in emir*" Interest shell be paid on the Funds. Unless an agreement is made or applicable law requires Interest to be paid, Lender alai eat be required 10 pay Bon~ any Interest or earnings on the Funds. Lender shit gee b Barrawee. without charge, an sunset accounting of the Funds showing credits and debit to the Funds and the purpose for which each deb: to the Fends was roadie. TM Funds are pledged as od ialonat setarYy fioc the sums seared by tits SOM14f Inatrw$anl lf the' ernount of so Funds held by Lender, logttlmer with the %%M marshy POVI M IS of Funda payable pier to the due data$ of the escrow thee. shit ereeed tit amwma required to pay the asorow Nam when duet the moss$ shall bi at sorrowar's Option, either prvnitMy MD06 to Savower or credited to Borrower on monthly payments of Funds. It the amount of the Funds Fold by tender Is not or suflident to pay the escrow hems when due, Borrower shall pay to Lander any amount necessary to make up the ds(kiernoy in one mom payments as required by Lander. Upon payment In full of a1 sums secured by this security Instrument. Lender shelf promptly refund to Borrower any Funds held by Lender. lf under paragraph 19 the Properly is sold or acquired by Lander. Lender shag apply, no later than Immediately pdor to the sale of the property or its acquisition by Lender, any Funds held by Lander at the time of application as a credit against the sums seared by this Seaxly Instrument. 3. Appficsdon of Payments. Unless appgoalde law provides otherwise. all payments received by Lender under paragraphs 1 and 2 shell be applied: am. to late charges due under the Note; second, to prepayment charges due under the Note; third, to amounts payable under paragraph 2; fourth. to interest due: and lest, to principal due. 4. Charges, Uens. Borrower shelf pay elf taxes, assessments, charges, tines and iml oshlons attributable to the Property which may at" pets ty over this security Instrument, and leasehold payments aground rents. if any. Borrower shag pay these obligations In the manner provided In paragraph 2. or if not paid In that manner. Borrower $half pay them on time directly iu tt.a pecan owed payment. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this paragraph. If Borrower makes these payments directly. Borrower shag promptly furnish to Lander receipts evidencing the payments. In writing to Borrower shall promptly discharge any Ban which has priority over this Security Instrument unless Borrower: (a) agrees the payment of the obligation sawed by the Ban In a manner acceptable to Lander. (b) contest$ In good faith the fan by, or defends against enforcement at the Ren in, legal proceedings which In the Lender's opinion operate to prevent the enlorcernenl of the Ban or forfeiture of any port of the Properly;$ (c) sevens from the holder of the Ben an agreement satisfactory to Lander subordinating the Bern to this securiy Instrument. II Lender determines that any part of the Property Is subject to a Ben which may attain priority over this Sawrity Instrument. Lender may give Borrower a notice identifying the Ilan. Borrower shag satisfy the Ben or take one or more of the actions set forth above within 10 days of the giving of notice. S. Hazard Insurance. Borrower shall keep the Improvements now existing or hereafter erected on the Property Insured against loss by fin, hazards Included within the tens "extended coverage" and any other hazards for which Lender requires Insurance. This Insurance shelf be maintained In the amounts and for the periods that Lender requires. The Insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shah not be unreasonably withheld. AN Insurance policies and renewals shall be acceptable to Lander and shall Include a standard mortgage douse. Lender shag have the right to hold the policies and renewals. If Lander requires. Borrower she% promptly give to Lender elf receipts of paid premiums and renewal notice$. In the event of loss. Borrower shall give prompt notion to the Insurance carrier and Lander1onder may make proof of loss if not rode promptly by Borrower. Unless Lender and Borrower otherwise agree In writing, Insurance procseds shag be applied to restoration or repair of the Property damaged, fl the restoration or repair is eoonomiealiy feasible and Lender's security Is not lessened. If the restoration or repair Is not economically feasible or Lender's security, would be lessened, the Insurance proceeds shag be applied to the sums severed by this Security Instrument, whether or not then due, with tiny excess paid to Borrower. If Borrower abandons the Property, or does not answer within 30 days a notice from Lender that the Insurance carrier has offered to settle a claim, then Lender nay tolled the Insurance proceeds. Lander may use the proaseds to repair or restore the Property or to pay sums secured by this Security Instrument, whether or not then due. The 3D-day period will begin when the notice is given. Unless Lender and Borrower otherwise agree In writing, any application or rvt=eeds to 7irsrial shag not extend or postpone the due date of the monthly payments referred to In paragraphs 1 and 2 or change the a:r.am.-rt of tr ^t .wpwts. M under paragraph 19 the Property is acquired by Lender. Borrowers right to any srsu eo policies and proceeds rmsuethng from damage to the Property prior to the acquisition shall, peso to Lender to the extent of the sums by this Secuity Instrument Immediately prior to the acquisition. & Preservation and Maintenance of Property; Leaseholds. Borrower shag %:a: destroy, damage or substantially change the Property, Mow the Property to detariorate or commit waste. it this Security Instrument is a+ a leasehold. Borrower shall comply with the pmvislans at tin lease, and If Sommer mer aCQ.liras fee title to the Property, the leasehold and lee W* gh32 not merge until the Lander agrees to the merger In writng. 7. Protection of Lender's F140 is in the Property: Mortgage Insurance. if Borrower tarts to perform tha covenants and agreements contained in this Secmurty Instrument. or there is a "I proeeeearng tion may sgniiK wswy «�:— Z •,e.••- Property (such as a proceeding In bankruptcy. probate, for condemnation or to enforce laws or (OVatwns). than Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property. Lender's aaoons may Include paying any sums secured by a Berl which has priority over this Security Instrument. appew•mg in court, paying reasonable anomeys' fees and entering on the Property to make repairs. Although Lender may take action wider paragraph 7. Lender does not have to do so. Any amounts disbumed by Lender under paragraph 7 shag become additional debt of Borrower secured by this Security Instrument. Unless Borrower and Lender agree to other terms of payment. these amounts shall beer interest from the date of disbursement at the Note rate and shall be payable, with Interest, upon notice from Lender to Borrower requesting payment. AG- r .itiv".tR'�111aLiYi.r• - - —.G- -'•.� �s +rill. . .. •Jyjpvr,•. I `,