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<br /> UhIFuRtit C��v�y,�hTS Harr�wer a�d Lender covenant and Agrce a�foll���s� �
<br /> 1. PAyment of Princlpal and Interest;Prepayment and L�tc Chs�rges. Aorro„•er+hall promptl}� pay ���lica due
<br /> the p�incipal of�nd interecl on the debt e�•idenced by the Note and an} prepAyment a�d late charges due under the Note.
<br /> 2. Funds ior Tnxes and lnaurAnce. Subject to applicuble la�v or to a�v�itten���aiver b}•Lender,Horro�cer tihAll pay
<br /> � to Lendcr an thc duy moiuhiy payment�are due undcr thc Notr,until the N�te is paid in full,a sum("Funds")equal to
<br /> one-tweifth of: (a) ce:�riy taxes and �.csessments w•hich n�ay attain priQrity acer this Securily Instrument; (b) yeariy
<br /> teasehatd payment� or graund re�t� .�+n the Property, if a�iy; (c) yeArly hazard insurancc premiums; and (d) yearly
<br /> martg�ge insurance premiums,+f any.These items a�e called"escrow items." Lender may estimAte the Funds due on the
<br /> basis uf currcnt data and�easanable estimates ai'future escrow items.
<br /> The Funds shall be held in an institutian the deposits ar s►ccounts of w•hich are insured ar guaranteed by a federal or
<br /> state agency(including Lcnder if Lcnder is auch an institution). Lender shull Apply thc Funds to puy the es.^.row items.
<br /> I,e�des may nat charge 4'or holrliiia�id applying ihe Funds,an?lyzing t�!c ac:�unt�*verifying th�escrow dt�ms,unl��s
<br /> Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. BocaoNer and
<br /> Lender may Agree in writiog that interest shull be paid on the Funds. Unless an Agr.��ment is made or appti�ab2c iaw
<br /> requires interest ta be paid, I.ender si�ull not be required to paw Borrowcr any interest or earnings on the Fun�s. Lender
<br /> : shall give to Borrow•er,withaut charge,an annual accounting of the Funds showing credits and debit�tothe Funds and the
<br /> purpose for which each debit to the Funds a�as made.The Funds are pledge�'Ac additional security�far ihe sums secured by
<br /> this Security Instrument.
<br /> lf the arnount os ihe Funds held by Lender, tagether��ith the future rstanthly payments oP Funds payable prior ta
<br /> th�cit�e datcx�P the eccraw itemc,chnll ex�eed the amaunt required to pay the escro�•items when due.the eacess shall be,
<br /> at Bottower's option.either pramptly repaid to Bcarrawer or credited tv Hus��Ner on monthiy payments of Funds.1f'the
<br /> amaunt of the Funds held by Lender is not sufficient ta pay the escrow items when due,8orrower sttsll pay to Lender any
<br /> amount necessary ta make�u}�the deRciency in one or more payments as req�ired by Lrnder.
<br /> Upon�ayment in fuil of all sums secured by this Security tnstrument,I.ender staatl promptly refund to Borrower
<br /> any Funds hesd by l,,ender.If undcr paragraph 19 the Property iti sold or acquired by Let�der.Lender shall apply,no later
<br /> • than immediatel;;pnor to the sale of'the Propeny or its acquisition by Len�er,any Funds held by Lender at the time of
<br /> application as�rredit against ihe sums secured by this Security Instrument.
<br /> 3. Applieatian o!Payments. Unless applicable law p�ovides��therw•ise,all payments received by Lender under
<br /> paragraphs 1 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 payablr under�aragraph 2;fourtb,to i�tt�rrst due;and last,to�rsncipal due.
<br /> 4. Charga;Lien�. Aorrower shall pay�all taxes,assessments,charges,flnes and impositions attributable to the
<br /> Yro�r:y which may attain priority.over ihis Security lnstrument, and leasehold payments ar ground rents, if any. � •
<br /> B�Dirower shall pay these abligations in thc manrzer provided in paragraph"or if not paid in that manner.Borrower shall i `.
<br /> pay them on time direcdy to the person awed payment. Borrower shaU promptly furnish to Lender all notices of amounts � -
<br /> � to be id under this ara ra h. lf Horrower makes these a ments directl , Eiorrowcr shall rom tl •furnish to Lender �""
<br /> Pa P 8 P P Y Y P P y ;_,:
<br /> r.�ips�;.:i�:r.cizg sl:s�;�r.:ens.� -
<br /> Borrower shall pmmptly discharge any lien which has priority uver�t�is Security l�strument untess Borrowcr:(a) -
<br /> ag�ees in writing to the payment of ttte abligation secured by the lien in a manner acceptable to Lender;(b)contests in gc�od �
<br /> fuith the lion by,or defends against enforcement of the lien in,legal proceedings which in the I.ender'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 tien to this Security lnstrument.IP Lender determines that any part of
<br /> the�roperty is subject to a lien which may attain priority over this Security lnstrument. Lender may give Borrower a
<br /> aeti��e identifying the lien.Borrower shall satisfy the lien or take one ar more of'the actions set fonh above within 10 days
<br /> af the giving of notice. ,
<br /> S, Nazard lnsurance. Borrower shaU kecp the improvementt now existing or F�:reafter erected on the Propecty .
<br /> . insured against loss by fire,hazards included within the term"extended coveruge"and any other hazards for which l.ender �
<br /> requires insurance. This insurance shall be maintained in the amounts and for the pericxis that Lender requires. The
<br /> insurance carrier providing the insurance sha1) be chosen by Hortawcr sub�ect to I,ender's approval which shall not be �
<br /> unreasonably withheld. �
<br /> . � All insurance policies and renewals chall be acceptable to Lender and shall mclade a�tandard mortgage clause. ��
<br /> Lender shaU have the right to hold the policies and renewals. lf Lender requires,Borrow�r shall promptly give to Lender __
<br /> all receipts of paid premiums and renea�al notices.In the event ot'loss,B�rrower shall give prompt notice to the insurance
<br /> casrier and L.ender.L.ender may make prcx�f of ioss cf not made promptly by Horrower. '�°�`
<br /> Unl�s Lcnder and Borrawer otherwise agree in writing,insurancc proceeds shall be applied to restoration or repair �_�
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<br /> of'the Property damaged,if ihe restoration or repair is economically feasible and Lender'�serurity is not lessened. if the ;
<br /> � restoration or repair is not econumically feasible or Lende�'s serurity would be lessened, the insurancc proceeds shall be .
<br /> applied to the cums secured by this Security Instrument, whetber or not then due.with any exerss paid to Borrower. lf
<br /> Borrower abandons the Property,or does not answer within 30 days a natice Ptom l.cnder 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 restare
<br /> E�le Propt�ig�+t t�pay cumc cecured by thic Security Instrument.whether c�r not then due. The 3f}-day period wili begin
<br /> � when the notice is given.
<br /> Urttrs.c Lender and Borrower otherwise agree in writing,any application of proceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments referred ta in paragraphs 1 a�d 2 or change the amount of the payments.lf
<br /> under paragraph 19 the Property is acquired by Lender,Borrower's right to an}•insurance policies and proceeds resulting
<br /> . from damage to the Propesty prior to the acquisition shall pass to Lender to the extent oF the sums secured by this Security
<br /> Instrument immediately prior to the acguisition.
<br /> 6. Preservation 9nd:Naintenance uf Property;I.easeholds. Horrou�er shaU not de�troy,damagc or substantially
<br /> change the Property, allow the Property ta detenorate ar commit waste. !f th�s Sccurity lnstrument is on a lea�ehnld, .--__--
<br /> Bnrrower shall cnmply with the prov�sians of the leasc,and�f Bnrroa•er aryuire5 fee trilc to the Froperly,the leatie}iold anci '
<br /> fee tiNe shall rtot merge unless Lcnder agrees to the merget�n writing.
<br /> 7. Prateetion ot LenArr's Rights in the Prbpeny: �lortgage Insurance. If Ac�rmacr failti t�� �ec,'��rm the ;
<br /> covrnants and agreements c�mained m thiti Securit�� {ntitrument.��r there�ti a Iegal proceedir��lhat may stgmti�:znci����ffect ,
<br /> 1_ender's nglits in the f'mperty (surh at a prcxeeding m hankru�+tc}�. �mbate. f'c�r a,ndemn,�u�m c�r tc� enforre lawti c�r
<br /> regt�lat�o�ts).then Lender mxy do and pay fnr wfiate�er�c nerec�ar� tn�+rntect the�aluc e�f thr Yroper t� .,nd 1 ritder'�n�htti
<br /> L in thc Nrc+perty Lender's ac��ons �na}� inrlude pati�nK any �um� �ecured h} .► liert «hich ha� �+n�+rn� ��ver thi� Secun�y
<br /> Ittstrument,appranng�n c�+urt,pay�ng rea«�nahlc�+tt��rney�'feeti and entcnnK�+n thc Pn�rrrty t��n►akc r�ra�rti Althc�ugh
<br /> l,ender rn:►y�akc actum undrr Ih�c p�ra�r,�ph 7.I.endcr dc�ct nut ha�c t�d�����
<br /> Any.im�,unt�di4hur�cd b� I.cndcr�ntdct thi�para�;taph'�hall hc<<�mc:idd+na,n:+l�irt,t,�(H��rt;���rr�c�urrd h� tln. �
<br /> liCtUiftyl(�eiftiliiEhi 1 �ili�.li,at��aer�ind { ender.►Krcer�,�thrttcrmtinf �:��mrn;. thr�c:�m�•u�titi�.!i.:llt�r,sri+Netr�tf'rt+nt ��
<br /> tnc il.iic ��i u��hurocmrnt .�t tiic ���tc talc anti cti.�il hf �..��.�nlc «�th intrrc�t. ur,,n u�,n:r trrn� i rnt)rr +�� ��i�iriz�+et � `
<br /> rrqur�t�nK�in?cn�•nt �°. `
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