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<br />4.
<br />I
<br />ttt 21-Mt.,
<br />go- 107090
<br />uNlFoRmtoovemlirrs. Borrower and Lender covenant and agree as follows:
<br />1. Paylsival of Privelpal airA Is 1hreliallastiat UW Late Charm. 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 />2. Fads for Taissudlasurance. Subject to applicable law or to a written waiver by Lender. Borrower shall pay
<br />Note is paid in full. a auto Lender on the day monthly payments are due under the Note, until the aunt ("Funds") equal to
<br />one•twelfth of. (&} yearly taxes and assessments which may attain prionly over this Security Instrument; M yearly
<br />Icasehold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortgage insurance premiums, if any. These items we called "escrow items." Lender may estimate the Funds due on the
<br />bads ofeurrent 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 />state agency (including Lender if Leader is such an institution). Lender shall Apply the Funds 10 PAY the escrow
<br />Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items. calm
<br />Leader pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br />Lender auly agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br />require interest to be paid. Leader shall not be required to pay Borrower aety interest or earnings on the Funds. Lender
<br />aWl give to Borrower,. without charge, an annual accounting efthe Funds showing credits and debits to the Funds and the
<br />purpose for which each debit totbe Funds was made. The FwWs are pledged as additional security for the sums secured by
<br />this Security Instrumena.
<br />N the amount of the Fands held by Lender, together with the future monthly payments of Funds payable prior to
<br />the due dates of the arrow han shall exceed the amount required to pay the escrow items when due, the excess shill be.
<br />at Borrower's option, either pMnPlIY repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />amount of the Funds held by Lender is not sufficient to pay the escrow items when due, Borrower shall pay to Lender any
<br />amount necessary to make up the deficiency in one or more payments as required by Lender.
<br />Upon payment in full of all sums secured by this Security Instrument. Lc;d,,-r shall promptly refund to Borrower
<br />any Funds held by Lender. If under paragraph 19 the Property is sold at acquired by bender, Leader shall apply, no later
<br />than immediately prior to the ask of the Property or its acquisition by Lender, any Funds held by Lender at the time of
<br />application as a credit against The sums secured by this Security Instrument.
<br />3. Application Of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs I and 2 shall be applied: first, to late charges due under the Note; second, to prepayment charges due under the
<br />Note; third, to amounts payable under paragraph 2; fourth, to interest due; and last, to principal due.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable io the
<br />Property which may attain priority. over this Security instrument, and kaschold paymaits or ground rents, if any
<br />Borrower shall pay them obligations in the manner provided in paragraph 2, or if not paid in that manner, Borrower shall
<br />pay than on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish 10 leader
<br />rectipuevidenOnS the payments
<br />Borrower shall promptly discharge any lien which has priority over ibis 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
<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 more of the actions set forth above within 10 days
<br />of the giving of notice.
<br />S. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by Are, hazaMs included within the term "extended coverage" and any other hazards for which Lender
<br />requires insurance. This M31IT11OCe shall be maintained in the amounts and for tt,.c periods that Lender requires. The
<br />insurance carrier providing the insurance shall be chosen by Borrower subject 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. Borrower shall give prompt notice to the insurance
<br />carrier and Lender. Lender may make proof ofloss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall he applied to restoration or repair
<br />of the Property damaged. if the restoration or repair is economically feasible and Lender's secunt-• is not lessened. If the
<br />restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be
<br />applied to the sums secured by this Security Instrument. whether or not then due, with any excess paid to Borrower. if
<br />Borrower abandons the Propcn%. or does not answer w4lbin 30 days a notice from Linder that the insurance cairrier has
<br />offered to settle a claim, then Leander may collect the insu-unct proceeds. Lender ma% use the proceeds to repair or restore
<br />the Property or to pay sums secured by this Security Insimnietit, whether or not then due. The 30-day period will begin
<br />when the notice is given. :, ication of proceeds to principal shall not extend or
<br />Unless Lender and Borrower otherwise agree in wriang, ant apip.
<br />postpone the due date of the monthly payments referred it, in pwagraphs I and 2 or change the amount cit the payments. K
<br />under paragraph 19 the Property is acquired by Lender. &T"cwer's nght to any insurance policies and proceeds resulling
<br />from damage to the Property prior to the acquisition %hail ;ass to Lender to the extent of the sums secured by than Security
<br />Instrument immediately prior to the acquisition
<br />6. Preservation and MaiateasiscirefPraperl!W; Leaseholds. Borrower shall not destra). damage or substantially
<br />change the Property, allow the Property to deteriorate or commit waste. If this secunty Instrument is on a leasehold,
<br />_a ..rt.. I. and if Rnrrnwer 2couires fee title to the Property. the leasehold and
<br />flee title shall not merge unless Lender agrees to the merger in writing.
<br />7. preaseflois of LaMer's Rights in the Property-, Mortgage Insurance. If Borrower fails to perform the
<br />covenants sod Wagcrients, contained in this Secuniy Instrument, or there is legal proceeding that may significantly affect
<br />Lender's rights in tlie Property (such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws or
<br />regulations), then tender may do and pay for whatever is necessary to protect the slue ofthe Property and Lender"inghts
<br />in the Property. Lender's actions may include paying any sums secured by a lien which has pnonly over this Security
<br />Instrument, appeanng in court, paying reasonable attorneys' fees and entering on the Property to make repairs. Although
<br />Leader may take action under this paragraph 7. Lender does not have to do so
<br />Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this
<br />Security Instrument. Unless Borrower and Lender agree to other terms of payment, these amounts shall bear interest from
<br />the date of disbursement at the Note rate and shall be payable, with interest. upon notice from Lender to Borrower
<br />requesting payment.
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