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<br />UNIpORM COVENANTS. Borrower and Lettdar covenant and agree as follows: 90-- 107221
<br />1. Fa and 0 Priaetgal and h arou NOMyat>.t atal "to Cisrgaa. Borrower shall promptly pay when due
<br />the principal of and interval on the debt evideswed by the Note and any prepayment and late charges due under the Note.
<br />2. Fsstla for Taaaa sail leswasee. Subject to applicable law or to a written waiver by lender. Borrower shall pay
<br />to lender on the day monthly payments are due under the Note, until the Note h paid in full. a sum ( "Funds ") equal to
<br />one - twelfth of: (a) yearly taxes and anessments which may attain priority over this Security Instrument; (b) yearly
<br />leasehold 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 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 inured or guaranteed by a federal or
<br />state agency (including Lender if Lender is such an institution). Lender shall apply The Funds to pay the escrow items.
<br />Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items. unless
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to snake such a charge Borrower and
<br />Lender may agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br />requires interest to be paid. Leader shall not be required to pay Borrower any interest or earnings on the Funds Lender
<br />sbsll give to Borrower. without charge. an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged u additiond security for the sums secured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender. together with the future monthly payments of Funds payable prior to
<br />the due dates of the escrow items, shall exceed the amount required to pay the escrow items when due. the excess shall be.
<br />at Borrower's option, either promptly 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 date, Borrower shall pay to Lender any
<br />aruount necessary to make up the deficiency in one or more payments as required by Lander.
<br />Upon payment in full of all sums secured by this Security Instrument, lender shall promptly refund to Borrower
<br />any Funds held by Lender. If under paragraph 19 the Property is sold or acquired by !.ender. Lender shall apply, no later
<br />than immediately prior to the sale of she 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 Paymeaas. 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 slue under the
<br />Note, third, to amounts payable under paragraph 2; fourth, to interest due, and last, to principal due.
<br />4. Charges; Ileas>. Borrower %hail pay all taxes, assessments, charges, fines and impositions attributable to the
<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 />pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid hunter this paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish to Lender
<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) contexts 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 pan 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 fire, hazards included within the term "extended coverage" ar dany other hazards for which Lender
<br />requires insurance. This insurance shall be maintained in the amounts and for the 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 atte event of loss, Borrower shall give prompt notice to the insurance
<br />carrier and Lender. Lender may make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repsir
<br />of the Property damaged, if the restoration or repair is economically feasible and Lender's secunay 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 Property, or does not answer within 30 days a notice frorr. Lender that the insurance carrier has
<br />offered to settle a claim, then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore
<br />the Property or to pay sums secured by this Security Instrument, whether or not then due. The 30-day period will begin
<br />when the notice is given.
<br />Unless lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date cf the monthly payments referred to in paragraphs I and 2 or change the amount of IN payments. If
<br />under paragraph 19 the Property is acquired by Len4ler. 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 />Instrumem immediately prior to t -e aca;u.sltlon.
<br />6. Preservation aad Maimenance of Property; Leaseholds. Borrower %hall not ,'Ses-: r•: % , damage or .ubstannall)
<br />change the Property. allow she Property to deteriorate or commit waste. if than Security linsirument is on a leasehold.
<br />Borrower sha0i corn p'lw w a h the provisions of the lease, and if Borrower acquires fee title to the Property. the leasehold and
<br />fee title shall rei rntrpt uri:ess Lender agrees to the merger in writing
<br />7. PorAection of Lender's Riots in the Property; Mvritg4e Insurance. Cf Bat rmv.er fails to perform the
<br />covenants and agreements contained in this Security lnstrueneim. :here is a legal proceedirr.i mat may significantly affect
<br />LCr1YC1'd rl Ill.! 111 Illc f1U Ktl llYcll A.l a
<br />regulations), then Lender may do and pay for whatever is necessary to protect the Ialutof the Property area! Lender's rights
<br />in the Property. Lender's actions may include paying any sums secured by a lien which has priority over this Security
<br />Instrument, appearing in coup, paying reasonable attorneys' fees and entering on the Property to make repairs. Although
<br />Lender 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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