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<br />follows: 90-1.06093
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<br />UNIFORM CAVENANTS. Borrower and Lender covenant and agree as
<br />Prindptl sad latereiatl prepylaint (tad Late Charges' Borrower shall promptly pay when due
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<br />I. Payst'nt of
<br />the principal of and interest on the debt r4Wenced by the Note and any prepayment and late charges due under the Note.
<br />Subject to law or to a written waiver by Lender. Borrower shall pay
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<br />7. Finds (or Tauten rot! Iasaraooe. applicable
<br />to Lender on the day monthly paymemts are due under the Note, until the Note is paid in full, a sum ( "Funds ") equal to
<br />this Security Instrumertt; (b) yearly
<br />one-twelfth of: (a) Yearly taxes and assessments which may attain priority over
<br />rents on the Property, if any; lc) yearly hazard insurance premiums; and (d) yearly
<br />leasehold payments or ground
<br />mortgage insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the
<br />basis of current 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 />items.
<br />state agency (including Lender if lender is such an institution). Lender shall apply the Funds to pay the escrow
<br />or verifying the escrow items, unless
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<br />Lender may not charge for holding and applying the Funds, analyzing the account
<br />interest on the Funds and applicable law permits Lender to make such a charge Borrower and
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<br />Lender pays Borrower
<br />Lender may agree in writing that interest stall be id on the Funds. Unless an agreement is made or applicable law
<br />Y 6 pa interest or earnings on the Funds. lender
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<br />requires interest to be paid, Lender shall not be required to pay Borrower any
<br />Funds showinge redits and debits to the Funds and the
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<br />shall give to Borrower, without charge, an annual accounting of the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as addit Tonal security for the sums secured by
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<br />this Security Instrument. e prior to
<br />If the amount of the Funds held by Lender, together with the future monthly payments of Funds payable
<br />to the escrow items when due, the excess shall lie,
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<br />the due dates of the escrow items, shall exceed the amount required pay
<br />Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. if the
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<br />of the Funds held by Lender is not sufficient to pay the escrow items when due, Borrower shall pay to Lender any
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<br />amount
<br />amount necessary to make up the deficiency in one or more payments as required by lender.
<br />Upon in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower
<br />payment
<br />any Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender, Lender shall apply, no later
<br />its by Lender, any Funds held by Lender at the time of
<br />than immediately prior to the sale of the Property or acquisition
<br />against the sums secured by this Security Instrument.
<br />application as a credit
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under,iy
<br />first, to late charges due under the Note; second, to prepayment charges due under the':•:
<br />paragraphs I and 2 shall be applied:
<br />Note; third, to amount s payable under paragraph 2; fourth, to interest due; and last, to principal due.
<br />fines impositions attributable to the
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<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges. and
<br />Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any.
<br />Borrower shall pay these obligations in the manner provided in paragraph 2, or if not paid in that manner. Borrower shall
<br />owed Borrower shall promptly furnish to Lender all notices of amounts
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<br />pay them on time directly to the person payment.
<br />to be wider this paragraph. If Borrower makes Ill" payments directly. Borrower shall promptly furnish to Lender
<br />paid
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payment 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 enforcement of the lien in, legal proceedings which in the Lender's opinion operate to
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<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 />If Lender determines that any p art of
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<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument.
<br />is to a lien which may attain priority over this Security Instrument, Lender may give Borrower a
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<br />the Property subject
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br />of the giving of notice.
<br />S. Hazard Insurance. Borrower shall keep the improvemenns now existing or hereafter erected tin the Property
<br />"extended "and other hazards fir which Lender
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<br />insured against loss by fire, h:vards included within the term coverage any
<br />insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The
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<br />requires
<br />insurance carrier prodding the insurance shall be chosen by Borrower subject to Lender s upprovul which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be acceptable to Leader and ,hull include a standard mortgage clause.
<br />Borrower shall promptly give to Lender
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<br />Lender shall have the right to hold the policies and renewals. If Lender requires,
<br />all receipts of paid premiums and renewal notices. In the event of loss. Borrower shall give prompt notice to the insurance
<br />carrier and Lender. Lender may make proof of less if not made promptly by Borrower.
<br />Unless Lender and BMYaw'er otherwise agree in writing, insurance proceeds shall be applied to restoration or repair
<br />of the Property damaged, if the restoration or repair is economically feasible and Lender's security is not lessened. If the
<br />repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be
<br />restoration or
<br />applied to the sums secured by this Security instrument, whether or not then due. with any excess paid to Borrower. if
<br />from Lender that the insurance carrier has
<br />Borrower abandons t he Property, or does not answer wit bin 30 days a in»ice
<br />to settle a claim, then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore
<br />offered ixl will begin
<br />the Property or to pay sums secured by this Security Instrument, whether or not then due. The 30-day pen
<br />when the notice is given.
<br />Unless Lender and Borrower otherwise agree in w riling. any application of proceeds to principal shall not extend or
<br />I and 2 ur change the amount of the pa }menu. if
<br />postpone the duc date cif the monthly payments referred tout paragraph.
<br />1,i the Property is acquired by Lender, Harrower'% right to any insurance policies and proceeds resulting
<br />under paragraph
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Stew*
<br />Instrument immediately prior i - the acquisition.
<br />6. Preservation and Maintenance of Property-; Leaseholds. Borrower shall not destroy. ohmage or substantially
<br />change the Properly, allow' the Property to deteriorate or commit waste. If this Security Instrumem is e tin l a ehold aid.
<br />Borrower shall comply with the prosisiom of the lease. and if Borrower acywres fee title to the Property, the Ie:+sehi�ld and
<br />fee title shall not merge un)e%% Lender agrees t.s the merger m writing.
<br />7. Protection of Lender's Rights in the Property: Mortgue Insurance. It' Boars er fails to perform the
<br />covenants and agreernenis contained in this Security inst rumens, or there is a legal proceeding th.it may significantly affect
<br />Lender's rights u+ the Properly (such as a proceeding in vaue,Llulu:. i „,•,,.,�• •• , .=- _
<br />then Lender may do and pay for whatc%er is necessary to protect the % aluc of the Property and Lender's rights
<br />regulations),
<br />in the Property. Lender's actions may include paying any sums secured by a hen which has pnanty over this Security
<br />reasonable attorneys' fees acid entering on the Property to make repairs. Although
<br />Instrument. appearing lit court, paying
<br />Lendermay tikeactton under this paragraph 7. Lenderdocs not hale todo so.
<br />dishutsed by Lender under the~ paragraph 7 shall become additional debt of Borrower secured by this
<br />An} amounts
<br />Security Instrument . Unless Borrower and Lender agree to of her terms of pay ment. these amounts shall tear interest from
<br />Note shall tie with mtcresi. upon n,ai.r from Lender to horri-er
<br />the date of doshursrment at the rite end payable.
<br />requesting payment.
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