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<br /> � 89-' 10�03Q
<br /> UNIFURS!COV f NANTS Rarrnw•e�and I.ende�cavenant und uFree us fallow,:
<br /> 1. Paymcnt at Frinclpaf�nd Interest:�epay�nent and i.ate Gh�rRes. 8acrrnscr shall pramptl}� pay «•hen dur
<br /> �he p�inci�l of and interest on the debt e��idenced by the Nate and un�•prepayment und I�te chargcs due uncier ihe Note.
<br /> ., 2. Fund�for Taxes��d ln�urance. Subject t�applicuble luN�c�r ta�wrilten wAiver by Lender,Qorrower shall pay
<br /> f to Lentier un thc day rnonthiy p�ymentz a�z due ander the Note,untii the Note is paid in full. a sum("�uncis")equal t�
<br /> � onatwelfth ot: �a) yearl�r taxes and assexsments w•hich muy attain pri�rity over this Securit�• lnstrument; (b) yPUrly
<br /> lt�sei�oki pAymonts ar gvownd ients c�� Ehe Praperty. i!' any; (c) yearly hazard ins��rance premiums; and (d) yearly
<br /> mortp�e insur�nco premiums.if any.These items are called"escrow items." Lender muy es�imate�he Funds due on the
<br /> � basis ofcurtenc datp�nd teasottsblc estimAtes of futurc cscrow itcros.
<br /> . The Funds shail bc held in�n institution thc depaslts ar uccounts of Which arc insured or gunranteed by a frderal or
<br /> ; state�►�attoy(including Lender if l.endet is such an lnstitutian). I.onder shail apply the Funds to puy the escrow items.
<br /> , Leadar may not charge far holding and applyinR the Funds,anulyzing the account or verif�in� the escrow�items,unless
<br /> I.ande�pays Borruwer interest on tha Funds and appllcable law permits Lender to make such a charge. �anower and
<br /> ' Lender msy agree in writing that intcr�t shall be psid on thc Funds. Unlcss an ngrecment is made or applicable ittw
<br /> ; requires interest to be paid, Lender shall not be required to E►ay Bc�rrower any interest or earnings on the Funds. Lender
<br /> shsU�ive to Borrower,without eharge,an annual accounting af the Funds shawing credits and debits to the Funds and the
<br /> purpose for which each debit to the Funds was made.The Funds are pledged as udditional security for•the sums secured by
<br /> � this Security lnstrument.
<br /> � if the amount of the Funds held by Lender, �ogether with the Puture monthly payments af Fuads payable prior to
<br /> ; the due dates oPthe escrow items,shall eaceed the amount rzquired ta pay the escrow items when due,the ences.S shall be,
<br /> ,�:;�i�awc�'s op��ar�,cithe; �rumpity repaid to Horrawar pr credited to Barruwer un moi►iidy paymcnts oi'runds.If the
<br /> amount af the Funds hcld by Ixnder is aot sufficicnt to pay the escrow itcros when due.Borrower shal!pay to Lender any
<br /> � unount necessary to make up the deficiency in one or more payments as required by Lxnder.
<br /> Upon payment in fu�l of all sums se�:ured by this Security Instrument. Lender shalI�^nomptly refund to Bonower
<br /> � any Funds held by l.ender.lf under paragraph ly the Property is sotd or acquired by Lender,Lender shail appiy.nn later
<br /> : than immediately priar to the sale of the Property or its acquisitian by Lender,any Funds held by Lender at the time of '
<br /> j application u�credit against the sums secured by this Security lnstrument.
<br /> 3. AMlid�ti�n of Psy�aeeb. Unless applicablc law p*ovides atherwise.all paymee��s received by l.ender under
<br /> paragraphs 1 and 2 shall be applied:first.to late charges due under the Note;second,to prep;��mcnt charges du�under the
<br /> ' Nott;third,to amounts payable under paragraph 2;fourth.to interat due;and last.to principai due.
<br /> � 4. Charges;Liens. Bcirrower shall pay al! 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 /> � Bonower shall ps�t these obligations in the manner provided in paragraph 2,or if nat paid in that manrter,Borrower S'�a31 , {
<br /> � pay them on timc�'irectly to the person owed payment. Borrower shall promptly furnish ta Lender all notices of amaunts
<br /> I to be paid undcr t�is paragraph. If I3orrower makes these payments directly, Bvrrower shall pramptly furnish ta Lender • i---
<br /> � rrceintsevi�lencina the navments. . •. - _
<br /> }3orrower si�att promptty discltiarge any tien which has prinrity over tfiis Security tnstrumeni unless Borrawer:(a)
<br /> : agrees in writing to the payment ot the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good '
<br /> faith the lien by,ordefends against enforcement ef the lien in,legal proceedings which in thc Lender's opinion operate to
<br /> prevent the enforcement of the lien or forfeiwre of any pan of the Property:or(c)secures from the holder of the lien an ?
<br /> • agrament satisfactary to Lender subordinating the lien to this Security Instrument.lf Lender determines that any part of "`
<br /> the Prcrpeny is subject to a lien which may attain priority over this Security lnstrument. I.ender may give Borrower a
<br /> , noti��e identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set furth abave within 10 c�a}�s "
<br /> of the�iving of a�aei�e.
<br /> S. H�tud Insunu�ce. Borrower shall kcep the improvements now existing or hereafter erected on the Prop�tsty
<br /> insured against loss by fire,hazards included within the term"extended coverag�"and any other hazards for which Lender
<br /> � requires insurs►nce. This insurance shall be maintained in Ihe amounts and fUr.the periods that I.ender requires. The
<br /> , insuranee carrier providing the insurance shall be chosen 6y Borrower subject to Lender's approval which shall na�t be �
<br /> unreasortably withhtld.
<br /> i All insursnce policies and renewals shall be acceptable to Lender and shall include a standard mortgage claus�, �
<br /> Lenc�ershali have the right to hold the policies and renewals. If Lender requires, Borrower shall promptiv give to i.ender �'�.::
<br /> ali�e�e'spts of paid psemiums and renewal notices.ln the cvent of loss.Borrower shall give prompt notice cca she insurance
<br /> � carrirc and Lender.Lender may make proof of loss iFztc�t made promptly by B�rrower. —
<br /> Un!rss!Pr_�ltr and Borrower otherwise agree m wtiting,insurance proceeds shall 6e a�s�lied ta restoration or r�sazr .�
<br /> � :,
<br /> . of the Property damaged,if thc restoration or repair is�canomically feasible and Lender's spcaurity is not tc�sened. If a?:a � R
<br /> resvaration or repair is not ecc��om�caqy feasible or Lender's security would hc lessened, tt;e insurance�roceeds shatl bc '.- -
<br /> � ap�Sied to the sums secured 6y this Security Instrument,whether or aot then due,with any racess paic�to Bortower. If—
<br /> B�srpwer abandons the Propetty,or dces not answer within 30 days a notice from Lender that the insurance carner has
<br />, offe'red ta settle a rlaim,thrn Lcnder may collect the insurance pr�xceds.Lendcr may use the proceeds to repair or resaore
<br /> : the Property or ta pay sums secured by this 5ecurity Instrument.whether or not then due.7'he 30-day period wit@ aegin
<br /> � �btn the notice is given.
<br /> Unless Lender and Borrawer otherwist agree in writing.any application af proceeds to principal shall not extend or
<br /> postpone the due date of the monthly paymcnts referred to in paragraphs 1 and 2 nr change thc amount of the payments.If
<br /> � under paragraph 19 the Property is acquited by Lender,Borr�wer's right to any insurance�licies and proceeds resulting
<br /> � from damage to the Property pr�or to the acyuisition shall pass to Lender to the extent of thc sums secured by this 5ecurity
<br /> lnstrument icnmediately prior tn�he acquisition.
<br /> 6. Preservation tnd Maintenanet ot Property;Letse6olda. Borrower shall not destray.damage or substar�tially
<br /> change the Prnperty.allow the Property to deteriorate or commit waste. 1f this Security Instrument i�on a leasehold. :_--_- -
<br /> Bc�rraK�er shali comply with the provis�ons of thc lcase.and�f�orrower acyu�re�iee�itic t�thc Property,the Icatlhold and '
<br /> fee trtle chall not merge unless Lende�agtces to ihe merger in wr�tiug. ;
<br /> 7. Protection of l.ender'� Rights in the Property: �tortfWRe Insurance. If i�orrc,�ticr fails to perfnrm thc ;
<br /> c�tirnants and agreementc comauied in thi�Serurhy� Instrument.ur there i�a lega!prureeding that may�ignificantl��affect �
<br /> l�ender's �ight�in �he Pruperty (tiuch a�a pr�xerding �n bankruptcy. prob�tr. fi�r condernna�itm ��r t��enG�rce law� ur
<br /> segulationi),then I.e�zder may�n uncl�ay f«r whate�er is nere��ar�•���rr�+tect�i�e.alur��fihe Yru�crt} :+nd I.ender'ti r�bht�
<br /> � irt Ihe Pre�perly t.ender'� ac�ti�+m m�iy �nclude payrog an) �um��rcurcd t�y a hen �.hich ha, rnnr�ty ���rr IM� Secuntt�
<br /> litititrurnent.7ppeanng�n cvurt,paying reaticm,ihie;tttnt ne���fee�,+i�d enterinF nn the I'rc���ertt te�m:�{�e re�+.ein Al�hc�uKh
<br /> t-entler m;�y take act���n ui��i�r Ihis;aragraph T.!encicr�lix�n��t h.��c tc�d��s��
<br /> Any am�»mt�d�tihut�tYl hy ! ender t�ndrr thi,<<,�ragta{�h��hall he.r<<r�ir.��t�iih�nial�1chl rf li��rr�+aer�c.ured ht �h�. �
<br /> 4�!�tt!} ltt4lsu�»�a�! 1'ri�r« !#:rtri��:et i��d l.ri+dr:.;�rc:tn:�Ilattt !:tif�-.:d;•.s�r�:�::!,iltr.:sm��uru„h.sll t�•er ��ttere�! trru�
<br /> Ihe d.it: ��f'cii�hurqernent at the 'w„te r.ili• .►nil �h.�ll t�r ��.��.s��,r �►itP+ �i��ric�� u���a� ���.ti.r tr��ni 1 cn�lcr t�� H���r�•��ei �
<br /> rcyuc�.tn�E��+.i�rncnt •.
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