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<br /> �)NIFOR!►1 COVENArtTS Brrrower and Lcnder co�•enant and agree a�follaws: ��°- 105 96 2
<br /> 1. Payment ot Priacipal and Interesh Prcpayment�nd I.ste CAs�rges. Horrow�er shall promptly pay when duc
<br /> the principal of and interest on the debt evidenced by the 1Vate and an�•prepapment and late charges due under t he Note.
<br /> 2. Funds for TAxe9�nd Inxur�nct. Subject to applicAble law or to a written�vaiver by Lender.Horrower shall pAy
<br /> r' t�i.ender an the day monthly payments�re due under the Note,until the Nate is paid in Pull,a sum("Funds")equpl to
<br /> ; • one-twelfth of• (a) yeariy taxes and assessmenis which may attain priarity acer this Security Instru�rie�tt; (b) yearly
<br /> leaseholci payments ar ground rents on the Prape�t�, if any; EE� yearly hazurd insurance premiums; und (d) yearly
<br />- martgage inaunnce premiums,if any.These items are ca{lec{"esceQw items." Lendcr m�y estimatc che Fa�ds due on the
<br /> basis of aurrent data aad re�sonable estimates of future escrow eter,as.
<br /> '&��Funds shall be held in ao institution the depos:t�c�c racce�rrCS�.��which are rnsured ar guarantee�b��,federal or
<br /> state ager�(inciuding i.ender if Lender is such an instituti!.,�r1. Lec�'.r shnll apply the Funds to pay the es�srsu�v items.
<br /> l��der may nat charge for holding and applying the Funds,analyaing the accaunt ar verifying the escraw a��c�s,unless
<br /> Lcnder pmys Barrowcr intetcst on the Funds and applicablc law permits Lender to make such a charge. Horrower and
<br /> Lender may aBree in writing thut interest shAil be paid on the Funds. Unless an agreement is mAde ar applicable law
<br /> rtquircs interest to ba paid, l..endcr shall not 6�required ta pay Borrower any interest or earnings on the Funds. Lender
<br /> shsll give to Horrower,withaut charge.an annual accounting of the Fund�showing crcdits and dehits to the Funds and the
<br /> purpc�se f�r which each debit to the�unds was made.The Funds are pledged as additiona)security for the sums secured by
<br /> ' thisSecurity Instrument.
<br /> If thc acnount of thc Funds held by Lender.together w�ith the PutuTe mimthl��paymcnts of Funds payable prior ta
<br /> the due dntes oi'the rscrnw items,shall exceed thr amount requ�red to pay the escrow•�tems when due,the excess shull be,
<br /> at Bc�rrawer's uption.either promptiv rcpaid to 13c�rroK�er or credited tc�BorroN•er on momhly payments of Funds. lf the
<br /> amaunt oPthe�und�hcld by i.ender�c na��ufficicne�o pa}•tUe escrow items whcn duc.Harrawer shull pay to Lendcr any
<br /> amnunt necescary to make up the dcflciency in one or more payments ns required hy Lender.
<br /> Upon payatc�t�n iull of all sum�secured hy this Sccu�sly lnstrument. Lender shall prampely rePund to Barrawer
<br /> any Funds helcl by[.ender. If undcr paragraph IA the Property is sold or arquired by Lender,Lender shall apply�no later
<br /> thsn immediately prior to the sale of'thc Propeny or�tc acquisition by Lcnde�,uny Funds held by Lender at the time of
<br /> ap�lication as a crcdit against the sums secured by this Secur�ty Instrument.
<br /> 3. Application ot Payments. Unless Applicable law p*.ovides atherwise. all payment� received by Lender under
<br /> paragnphs 1 and 2 shnll be applied:first,ta 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. Cliarges; Lien�. Borrower shall pay aU taxes, acsessments,charg�s,fines and impositions attributable to the
<br /> Propert}t which may attain priority.over this Security lnstcument. and leasehold payments or ground remts. if any. ;'
<br /> Bonower shall pay these abligation�in the manner providecf�cx paragraph 2,nr it'not paid in that manner,�o�ower shall �
<br /> pay them on time directly to the person owed payment.Bcrr�wer shall promptly furnish to Lender all notices of amounts
<br /> to be paid under this paragraph. ti Borrawer makes these�aayments directly.Borrower shall promptly farnish to I.ender f ;•
<br /> receipts evidencing the payments. `-°
<br /> ..�..�.T,•.:�:��:r!!�2inm�,.�lj �cni�io�arnv l��n uh;�h t,ag nri�ritv nvrr fhic Cecurity lnctrument unless Bnrrower:fal -_
<br /> agrees in writing to the paymen[of the obligation secured by the lien in a manner acceptAble to Lender;(b)cantests in good =
<br /> faith the lien by,or defends against cnforcecnent of ttte lien in,lega!proceedings which in the Lender's opinion operate to
<br /> prevent the enforcement of the lien or forfeiture of any pact of the Property;or(c)secures from the holder of the lien an �
<br /> agreement sntisfactory to Lender subordinating the lien to�his Security Instrument.If Lender determines that any part of
<br /> the Fropeny is subject to a lien which may attain pribrecg; over this Security Instrument. Lender muy gi�•e Hanower a
<br /> notice identifying the lien. Borrower shall sacisfy�he lie�er cake one or m�re of the actions set forth above wi¢E�in i0 days •
<br /> of the giving of notice.
<br /> S. Hutrd In:urance. Bonower shall keep the imptovements now existing or hereafter erected on she Property
<br /> insured against loss by firc,hazan�3s included within the teesn"extended coverage"artd any other hazards for which Lender
<br /> . requires insurance. This insurartce shall be maintaine�t in the amounts and for ihe periods that Ixnder requires. The _
<br /> insurance carrier providing the insurance shall be chosen by Borrawer subject to Lender's approval which shall not be .�
<br /> unrrasonably withheld. i
<br /> AU �r�surance policies and renewafs shall be acceptiable to Lender and shall include a standard mortgage dause. —'
<br /> I.ender shall have the right to hold the policies and rene��C�.lf Lendcr requ�res, Bnrrower shall promptly gi�•e to Lender ��
<br /> all receipts of paid premiums and renewal notues. In the edent of loss,Borrower shall give prompt notice to t�e insurance =
<br /> carri�r and Lender.l.ender may make proaf of lo�s iPnot rnade pramptly by Borrower. �,'.���;
<br /> Unless Lender und Borrower otherwise agree in wnting,�nsurance proceeds shall be applied to restoration or rcpair , .�.
<br /> of the Property damaged,if the restoration or repair is ec�nomically feasible and Lender's security is noE lessened. If the
<br /> ratoration or repair is not economically feasible or Ler�Qer's security would be lessened.the insurance proceeds shall be
<br /> appliod to the sums :xcnred by this Security Instrume�t, whether or not then due, with any excess paid to Borrower. If
<br /> Borrower abandons the Property,or dues not answer within 30 days a notice from 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 n�t thcn due.The 30-day pericxl will begin
<br /> wtt�p the nntice ic givrn_ •
<br /> Unless Lender and Borrower otherwise agree in writing,any appl►caiion of proceeds ta principal shall not extend or
<br /> postpont the due date af the monthly payments referred to in paragraphc 1 and 2 or change the amount of the payments.If
<br /> under paragraph 14 the Propehy is acquirod by Lender.Borrower's right to any insurance policies and Qroceeds resulting
<br /> from damage to the Property pnor to the acquisition shall pass to l,ender to the extent of the sums secured by this Security
<br /> lnstrument immediatelv pnor to the acquisition.
<br /> 6. Preservation aed Nalntenance ot Property;I.eascholds. Borrower shall not destroy,damage or substantially
<br /> change the Ptoperty,altow the Property to deteriorate or comm�t w•aste. If'th�ti Secunsy latitrument is on a leasehold, _ _
<br /> Borroa�er shall comply with the provisions af the lease,and if Borrow•er acqu�res fee title to the Propect}.�he leasehold and `
<br /> tee titic shall not merge unless Lender agrees to the merger in wntinR.
<br /> 7. Prutection of i,ender's Rlghb in the Property; �tortgage Insurnnce. lf $orrower fails tce perform the
<br /> covenants and agreements c�ntained in this Sec�nt}ln�trument,nr there is a iega!proceedinR�hat cnay sigr.i�.antiy nfl'ect
<br /> Lender's rights in tho Property (such as a proceeding in banktuptcy, prohate, f��r condemnatinn or to.enfc.�:ce lau��or
<br /> regulat�ons),then Lcnder may do and�ay for wh�tever ts necessary to protect the valuc nf the Propen�an�i.ende.i s r�ghts
<br /> L in the Property. Lender's act�on� may include paying any sums serureJ by a Gen wluch ltia� pni+nt}� csti-er thiti Security
<br /> lnauurnent.appeanng�n rourt,pay�ng rcasonuble attornoys fees and entenng on the Prc�perty�n make repau� Ahhc�ugh
<br /> l.c��der may take act�on undcr this paragraph 7.I.ender does not ha�•c to�o«.
<br /> Any amnw�ttid�shursed h�• Lender under thi�paragr�ph 7 chall her��mc additumal deM of Hi�rn�arr tie�urrd hy thiti �.
<br /> Stcunty li�titruinent l'�ile�4 Hurrnuer and Lcndcr agree te�c+ther�crm�uf�ay mcnt.thc�r am��unt�•h,�ll hc,ir inicrc�t frcnn (
<br /> thc tlair itif cl:ahur;,:ment ;;t tftr �::stc ratc :md t.hal! hc �:a}.;hlc. ::ith �iaterc.t. urc,n +u�tue trn�n !rnzicr t�� H��rr��urr � � ��
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