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UNIFORM C4vENAN7s. Borrower and Lander covenant and agree as follows: it 89--105419
<br />1. Prywwt of Prineipd so Interest; Prepaytneut aad Late Chsrges. Borrower shall promptly pay when due
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.'
<br />% Fttstis for Taxes ttattl iawrtaee. Subject to applicable law or to a written waiver by Lender, Borrower shall pay.
<br />to Linder on the day monthly psymenti am dire under the Note, until the Note is paid in full, a sum ( "Funds ') equal to
<br />one- twelflir of (a) yearly taxes -and assessments tithich may attain. priority over this Secirity Instrument; (b) yearly
<br />Itawbold payments or ground rents'on the Property, if arty; (c) Yearly, bazard insurance premiums; and (d) yearly
<br />mortgage intwrance premiums, if any. Thew itemsare called "escrow items:" Lender may estimate the Funds due on the
<br />beds o(curreatdata andreasartabie espmates offutureescraw items.
<br />— The Futidsslili be min sn ir�sututioa tTte eostts oc sccauunts o�wTi are tnsur or guce�by a "1^edReral ar - — - - -: --
<br />state agency (including, Lender if Lender is such as institution). Lender shall apply the Funds to pay the escrow items.
<br />L. D&r may not ebarSe for hol ft and.applj(ng tilt Funds. analyzing the account or verifying the escrow items, unless
<br />L odgrpays. Borrower interest on the Funds; and-applicaW law permits Lender to make such a charge. Borrower and-
<br />Lender way- *Site in writing that interest shall be paid, on, the Funds. Unless an agreement is made or applicable law
<br />requires interest to be paid, Lender shall not *4"' fired b'V &y Borrower any interest or arnings,on the Funds. Lender
<br />shall give to Borrower, without charge. an an i t`u : a?. the Funds showing credits and del.". iio the Funds and the
<br />purpose for which each debit to the Funds wee$ a. 'l he are pledged as additional security (.rte sums securesd by
<br />this Security Instrument.
<br />If the atttount of the Funds Held by ixar t get `WO the future monthly payments ofFurds:p iya sle prior to
<br />the due dates of the escrow items, shall exceed 0?� si4�x, i9Wttd to pay the escrow items when rye; the excess shall be;. :.
<br />it Borrowers option, either promptly rep>tidf � air' wer clr credited to Borrower on monthly p yifi:tmis of Funds. if
<br />amtnount of rite Funds held by Lend is.ttot set t to pay the escrow items when due, Borrewe:�- s; ll pay to Lender a*"""
<br />arrtount ttacesstt to meshed the ,4 %cy in'otheor niore pz)-ments as required by Lender.
<br />rY P.. .
<br />Upitn.ltsymenI in full of -its secured by'this ity Instrument, Lender.. OrorMitly refund ty 1lortowec` c.•`; f.
<br />any Funds held by .Lender. If ut6dasra)th :,) 4 ;the Property is sold er acquired 6f, h,ersirler: `Lettt&r shall apply, no
<br />than iminediately PTiJD. the sale riithe Prop vr.,its acquisition by Treader. any' Pl".s held bs Lender at the time n'I<';' ' ° ;4r
<br />application as s'crodiC, inat the sums secured 'this Security Instrumerv.f. ;
<br />3: ApplicMilaii4f Pkyaiea; Unless applicable law provides otherwise, aflp�yments received by Lender under "
<br />paragraphs I and 2 shad be appli�lfhs,st. to late charges do" i the Note; second, zci, prepayment charges due under the
<br />Note, third, to amounts p&yabk,!Mdkp paragrapt 2, fourth. to interest dtte and last, to principal due. '
<br />d. Chs rvm L Borr�q ii shal16i4 aJi taxes, assessments, i A'�ffEes, fines and impositions attributable to the
<br />Property which may jgsilain priori y; ter. ..5►rcurity Instrument, dad <.Ycasehold payments or ground rent% if any.
<br />Borrower shall pay th tabligat;slrks provided in paragraph 2. or if not paid in that manner, Borrower shall
<br />pay them on time ditieCs► �r ro the owed yment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this tg raph. if Borrower i74es these payments directly. Borreivitr li all promptly furnish to Lender
<br />receipts evidencing th�;;rents. i
<br />Borrower shall promptly discharge an }:l5in which has priority mec this Secur<iiiyy fnstrument unless Borrower. (a)
<br />agrees in writing to the payment of the obligatioit secured by the lien in a manner acceptabic 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 determines 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 move of the actions set forth above within 10 day: .'
<br />of the giving of notice.
<br />S. Hazard Lamrsace. Pdw- Tower shall keep the improvemer+_ra now existing-rliereafter erected on t$ Propert .
<br />insured against loss by fire, hazards included within the term "extended cilycrage" and any other hazards for whicS' Ierider'
<br />requires insurance. This insurance shall be maintained in the amounis &Ad for the periods that Lender requires. The:- .
<br />insurance carrier providing the insurance shall be chosen by Borrower %isbJect 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, i%rrower shall give prompt notice to the insurance'
<br />carrier and Lender. Lentler may make proof of loss if not made promptly by,13orrower.
<br />Unless Lender aad Borrower otherwise agree in writing, insurani:rt pioceeds shall be applied to restoration or repair
<br />of the Property damaged. if tie tk;t oration or repair is economically feasible and Wittei s security is not lessened. if the
<br />restoration or repair is not econei zscally feasible or Lender's security wo,,!d be lessened, the insurance proceeds shall be �-
<br />applied to the sums secured by this Security . 6mtrument. 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 futiice from Lender that the insurance carrier btis•
<br />offered to settle a claim. then Lender may collect the insurance proceeds. Lender may use the proceeds to repair cmr res:Wrc
<br />the Property i to pay sums smumd.by this Security lnsiritmr'rtt. whether or not then due. The 30-day perfoil wi:l begin
<br />when the notice is gmen.,
<br />Unless L.er4vs wad Borr+twirriitherwiwagree in writing, any application of proceeds to principal shall not extend oi-
<br />postpone the due date: Hof the mmiliW payments referred to in paragraphs 1 and 2 or change the amount of the payments. If
<br />under paragraph 14 the Property; W' 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 to the acquisition.
<br />f: Praserration aatl'NaisNtssace of Property; Leaseholds, Wrrow•er shall not destroy, damage or substantially
<br />change the Property, allow the Property to deteriorate or commit waste. if this Security Instrument 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. Proteetioa of i adees Riots is the Property; Mortgage ituwmsa. if Borrower fails. to perform the
<br />covenantsand agreements contained in this Security Instrumment, or there is a legal proceeding that may significantly affect
<br />Lender's tights in the Property (such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws or
<br />regulatums). then Lend" may doand 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 mer thm Security
<br />L Lnurament. appearing in court, paying reasonable attorneys' fees and entering on the Property- to make repairs. Although
<br />1-ender may takeactdxt under this paragraph 7, Lender dives not have to do so.
<br />Any arnthints ilMmrsed by Lender under this paragraph 7 shall hecome additional debt of Horunver secured by thw
<br />Security Instrument. Unless Borrower and Lender agree Io other terms of payment. these anicwnis shall hear interest from
<br />the date of disbursement at the Mate rate and %hall he pa)ahle. with interest. upon none from I critter to Iktrremer
<br />reque%brig p;,yment
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