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89- 10546t . UNIFORM CovEmms. Borrower and Lender covenant and agree as follows: J. payout of Priacdpal snarl Ietau* Prrepaymeat stria Lade CLrges. Biwrotyer stnaSpromptly pay) hen due the principal ofand interest on thedebt evidenced by the Note and any prepayment ale *echargps due under the.Note. e X Fm& for taxes sad Ioamrsoee. Subject to applicable law or to a written1wai er by Under, Borrd' ef`t hrtl l pay r` to Lender on the day monthly payments are due under the Note, until the Note is #aidlin fill, q suds ( "Funds" ?.tequal to ote4welflh of: (a) yearly taxes saes assessntnertts which may attain priority over_ thie Sequrit)r Idistrumer>t: lot yearly kmdwm I* fc =Am tl�Pcoi�atlr._if-any:- (c)_YcadY �rd;irlsNr W p1_rcn?Iums: and (4) Yearly —. - tttbt�iye insurance prentiwtts. if any. That items as called "escrow items." Lender - biiloi�ewtaNdataandreasoaabieeatithrute :offutureescrow The Fan& shall beheld in attatstitntion the deposits or accounts of which of insured or guaranteed by a federal or stale agatq 4includin� LerAk r if [�eodaI s such an 4astitution). Lender-shall apply the Ft dmds to -pay the. escrow ;terns. -- . Lesdar my not charge for holding sad applying the Funds, analyzing the account of verilyins' the escrow items. unless Leadw pays Borrower isterest on the Fwtds and applicable tsar permits Lender to make such a chugs Borrower and Leader may, agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law roodres interest to be paid Leader shall not be required to pay Borrower any interest or earnings on the Funds. Lender "give to Borrower, withats charge. an annual accounting of the Funds showing credits and debits to the Funds and the purpotte for which each "I to the Funds was mace. The Funds are pledged as additional security for the sums secured by thbSecurity instrument. if the amount of the Funds held by Lender. together with the future monthly payments of Funds payable kFprior to the due data of the escrow items, shall exceed the amount requited to pay the escrow items when due, the excess:*I all be. at Borrower's option either promptly repaid to Borrower or credited to Borrower on monthly payrtrat i of Fuws. If.the ' amount of the Funds heW by Larder is not sufficient to pay the escrow items when dire, Borrower sbWM to Linder any amount accessary 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 refer ter. {sic wrov►er any Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender. Lender shall 2PON',mo later than immediately prior to the sale of the Property or its acquisition by Lender. any Funds held by tkpdes'ek rat time of application as a credit against the sums secured by this Security Instrument. 3. Applieadw of Psymeab. Unleu appikAk law provides otherwise, all payments receiiwed bs Liedet under paragraphs d and 2 shall be applied: first, to late charges due under the Note; second, to prepayment cif store adder the Note; third, toamounts payable under principal paragraph 2; fourth, tointerest due; and last, to nnci 1 due. 4. Qtarps; Licari. Borrower shall pay all taxm assessmen% chargm fines and imposidgWattributable to the Property which may attaim priority over this Security Instrument, and leasehold payments or ground rents, if any. Borrower shall pay tbeseabligatkms in the manner provided in paragraph 2. or if not paid in that manner. Borrower shall pay them odd time directly to the person owed payment. Borrower shall promptly furnish, to Lender all notices ofa mounts to be paid on!dir ris+s paragraph. If Borrower makes these payr=ts directly. Borrower shall promptly famish to Lender receipts evidervrng the payvnents. Borrower shall Pr=ptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, (b) contests in good faith the lien, by, or defends against enforoement of the lien iv. legal proceedings which in the Lender's opinion operate to prevent the a6rcement of the lien or ffcirfeiture of any part tuft' dc Property; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. if Lender determines that any pan of the Property is subject to a lien which may attain priority over this Security Instrument. Lender may give Borrower a notice identifying the lim 0orrower shall satisfy the lien or take one or more of the actions set forth above within 10 days of the giving of notice. S. Hrtooara Intsunme. Borrowm shall keep the improvements now existing or hereafter erected on the Property insured against loss by fire. hazards included within the term "extended coverage" and any other hazards for which Lender rapuires insurance. This fnsurance shall be mairtrsi:ted in the amounts and for the periods then Lender requires. The iinmrance carrier provufing the insurance shalt Fm chosen by Borrower subject to Lender's appra? %z] which shall not be wwreasonaWy'srithheld. All inmvrance policies and renewals shall be acceptable to Lender and shall include a standard mortlgrgr. clause. Lender steal) lave the right to hold the policies and renewals. If Lender requires. Borrower shall promptly givt era Lender all receipts of paid premiums and renewal notices. in the event of loss, Borrower shall gi�ti prompt notice to the insurance ' carrier and Lender. Lender may make proof of loss if not made promptly by Borrower. Unless Lender and Borrower otherwise agree in writing, insurance proceeds shaR!,in applied to restoration or repair of the Property damaged. if the restoration or repair is economically feasible and Leader's security is not lessened. if the restoration or repair is not economically feasible or Lender's security would be lesseneri; the insurance proceeds shall be opplied to the sums secured by this Security f tsl4ument. whether or not then due. with any excess paid to Wrrowcr. If I%aower abandons the Property, or does not answer within 30 days ,a notice from Lender that the insuranc.. farrier has tiffs red to stakes claim. then Lender-may collect the insurance proceeds. Lender may use the proceeds to repair or restore 'flit~ Property t)e to pay sums secured -by this Security Instrument, whether or not their dice. The 30•day period will begin w1wn the notice is given. U4ess Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount of the payments. if tinder paragraph 19 the Property is acquired by Lender. Borrower's right to any insurance policies and proceeds result ing from damage to the Property prior to the acquisitions shall pass to Lender to the extent of the sums secured by this Security Instrument immediately prior to the acquisition. 0. Presenatdoo and Msintemimce of Property; Leaseholds. Borrower shall not destroy. damage or substantially change the Property. allow the Property to deteriorate or commit waste. If this Security Instrument is on a leasehold. -- -- Borrower shall comply with the provisions of the lease, and if Borrower acquires fee title to the Property, the leasehold and fee title shall not merge unless Lender agrees to the merger in writing. 7. Prolecdaa of iemder's RWMb to the Property; MortasRe insurance. If Borrower fails to perform the covenants and agreements contained in this Security instrument. or there is a legal proceeding that may significantly affect ; Lender's rights in the Property (such w a proceeding in bankruptcy. probate, for condemnation or to enforce laws or regulatioes). then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights L in the Property. Lender's actions may include paying any sums secured by a lien which has priority over thrc Security Instrument. appearing in court. paying reasonable attomeys' fees and entering on the Property to make repairs. Although Lender may take action under this paragraph 7. Lender does not have to do so. Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured h,. this Security Instrument. Unless Borrower and Lender agree soother terms otpayment, these amounts shall hear rntetevt faun the date of disbursement at the Note rate and shall be payable. with interest, upon notice from Lendet to 11wromer requesting payment