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<br /> 89- 106131
<br /> UN�F'oRtMi Cov�lv�nt7's. Borrower and Lender covenant and agrce as follows:
<br /> � i. Psyment ot Priactpal aad Iste�est;�e�ymeat and Late Chu�es. Barrower sha!!promptly pay when duc
<br /> the principsl of and interest on the debt e�idencetl by the N�te and any prepayment and late chargrs due under thc Not�.
<br /> �. �qad![ar T�utts�ttd]t�.4qMnet. Subject tp App}ic,ttbl�!aw p�ta a written waiver by�.ender,Borrower shall pay
<br /> to Lender an the day monthly payments ue due under the Note,until the Note is paid in fl�ll,a sum("Funds")equal to
<br /> �ne-twelfth of: (a?•yurly taxes and assessenents which may attain priority over this Security lnstrument; (b) YearlY
<br /> lasehold payments or ground rents on the I'roperty, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br /> mortgsge insurance prcmiums.iPany.These items�rc called"escrow items."Lender may estimate thc Funds due on the
<br /> b�ais oPcurrent data and rrssonable atimates of future acrow items.
<br /> ?he Funds shall be held in an institution the deposiu or accounts of which are insured or gus�ranteed by a Pederal or
<br /> state ajency(including Lender if I.e�der is such an institutiou). Lender shall apply the Funds to pay the escrow items.
<br /> Lender msy nat ch�rge for holding and applying the Funds.analyzing the account or verif'ying the esccaw items,unless
<br /> Leader psys Borrower intercst on the Funds aad applicable l�w permits Lender to make such a charge. Borrower and
<br /> Lender may agree in writing that intorest shall be paid an the Funds. Unless an agreement is made or applicable law
<br /> requira interat to be p�id, Lender shall n�ot be required to p�y Bo�nower any interest or earni�gs on the Funds. Lende�
<br /> shall�ive to Borrower,without charge,an annue!acc��a�ting of the Funds showing credits and debits to the Funds and the
<br /> purpose for which each debit to the Funds was madc.The Funds are pledged as additional security for the sums secured by
<br /> this Secwity Instrument. �
<br /> li the amount of the Funds held by Lender.togethtr with tbe future monthly ps�rten�u of Funds payAble prior to
<br /> the dt�e dates of the acrow items,shall eacad the amount required to pay the escrow items when due,the eacess shaq 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 hetd by Lender is not sult'icient to p�y the escrow items when due,Bonower shall pay ta l.ender any
<br /> amount necessary to mske up the deAciency in one or more payments as required!by Lender.
<br /> Upon payment in full of all sums secured by this Security Instrument,I,ender shall promptly refund to Borrower
<br /> �ny Funds held by Lender. 1f under paragraph 19 the Property is sold or acquired by Lender,Lender shal)apply,no later
<br /> than immedistely prior to the sale of the Property or its acquisition by Lender,any Funds held by Lender at the time of
<br /> applieation as s credit against the sums secured by this Security Instrument.
<br /> 3, Ap�iteatien o!Pa�atents. Unless applicable law provides other�i�,all payments received by Lender undtr
<br /> paragraphs 1 and 2 shall be applied:first,to latt charges due under tht Note;second,to prepayment charges due under the - .
<br /> Note;third.to amounts payable under puagraph 2;fourth,to interat dur,and last,to principal due. ;
<br /> 4. Ctia��e�Liea. Borrower shall pay all taxes,assessments,charges.8nes and impositions attributable to the
<br /> Property Mhich may attain priority.over this Security Instrummt, and leasehold payments or ground rrnts. if any. ; �
<br /> Bomo�er shall pay these obligations in the manner provided in parsgmph 2,or if not paid in that manner,8orrower shall ;____
<br /> pay them on time dinctly to the pers6n owed p�yment.8otrower shall promptly furnish to Lender all notices of smounts � _
<br /> to be paid under this paragraph. If Barrower makes these psymrnts directly.Bonower shall promptly fumish to Lender ; .°
<br /> receipts evidencing the payments. ; .
<br /> Borro�ver shall promptly discharge any lien ahich has priority over this Security lnstrument unless Borrower:(a) =
<br /> aarea in�vriting to the psyment of the obligation secured by the lien in a manner acceptable to I.ender;(b)contests in good `-
<br /> faith the lirn by,or defends against enforcemrnt of the lirn in,legal proceedings which in the Lender's opinion opente to ,`V
<br /> prevent the mfosament of the lien or forfeiture of uny part of the Property;or(c)secures from the holder of the lien an 'jr
<br /> sgroement 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 Sccurity lnstrument. Lender may give Bofrower a _
<br /> notioe identifying the lien.Horrower shall satisfy the lien or talce one or more of the actions set forth abo�e within 10 days —
<br /> of the giving of notice. �f
<br /> S. Harard Im�raace. Borrower shall keep the improvements now existing or hereatter erxted on the Property
<br /> insured aaainst loss by fire,haruds included within the term"exttnded coverage"and any other hazards for which Lender
<br /> roquira insurance. This insurance shall be maintained in the amounts and for the periods that Limder roquires. The
<br /> insurance carrier providing the insurance shall be chosen by Bonower subject to Lendcr's approvaf which shal! not be
<br /> anreasonably withheld.
<br /> All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause. :��
<br /> I.ender shatj Isave the right to hold the policies and renewals. If Lender requires,Bonower shall promptly give sa Lender
<br /> all receipts of pa�d premiums and renowal notices.In the event of loss.Bonower sha11 give prompt notice to the insurance
<br /> curier and Lender.Lender ansy make proof of loss if Rot made promptly by Boaower.
<br /> Unless Lender and Borcower otherwise agree ics writing,insurance prcxxcds shall be applied to ratoration or repair �
<br /> of the Property dunaged,if the restoration or repair is economically feasibie and Lender s seca�rity is not lessened. lf the
<br /> restoration or repair is not econumically fnsible or Lender's securiey would be lessened,the insurance proceeds shall be
<br /> applied to the sums secUred by this Sec�.sity Iastrees�cent, whether or not thea due,wit}�a�*y excess paid to Borrower. If
<br /> Horcower abandons the Pre�perty.or daes no[answer within 38 days a notice fram I.ender that the insurance carrier has
<br /> olfered to settle a claim.thrn Lender may collect the insurance procceds.Lender msy use the proceeds tm repair or restore
<br /> the Propeny or to psy sums secured by this Security Instrument,whether or not then due.The 30�ay period will begin
<br /> �vhm the notice is given.
<br /> Unless Lender�nd 8orrower otherwise agree in writing,any application of proceeds to principa!shaU not extend or
<br /> postpone the due date of the monthty payments referred to in paragraphs 1 and 2 or change the amount of the payments. If
<br /> under paragraph 19 the Presperty is acquirod by Lender.Borrower's right to any insurance policies and�rceeods resulting
<br /> ftom damage to the Propetty prior to the acquisition shall pass to Londer to the eatent of the sums secured by th�s Secunty
<br /> Instrumrnt immedistely prior to the acqu�sition. %— =-----
<br /> 6. P�+aenation and Matnteeance otProper�;Leaseholds. Borrower shaU not destruy,dambge or substantially '
<br /> change the Property.allow the Property to detenorate or commit waste. If this Security Instrument is on a leaxhold.
<br /> Borrower shall comply with the provisions af the lease,and if Borrower acquira fee title to the Property,the leasehold and
<br /> fa title sh�ll not merge unless Lender agrees to the merger m writ�ng.
<br /> 7. ProtecNo� ot Le�der's Itights in the Property; Mongtge Insunnct. lf Borrower fails to perfc►rm the �
<br /> covrnants snd agreements contamed in eh�s Secunty Instrument,ot there�s a legal prceeeding that may stgnificantly aEiect �
<br /> � Lender's nabts �n the Property (such as a proceedi�g in bankruptcy, probate. for condemnat�on or to enforce laws or �
<br /> reaulat�ons).thrn l.ender may do and pay for whatever�s necessary to protect the valuc of the Proprny and L.ender's nghts
<br /> m the Propeny Le�der's actions may mclude paymg any sums secured by a lien wh�ch has pnonty ���er this 5rcunty �
<br /> Ins�rument,appeanng m court,paymg ressnnable at[orncys'tees and mtenng on �he Property to make repa�rs Although
<br /> l.�nder may take�caon under th�s paragrbph�:Lender dcxs no1 have to do so ��
<br /> Any amounts d�sburscd t+y Lender under this paragraph 7 shail became add�uonal debt nf Borrower serured M +hn t
<br /> SCruruy Instrumrnt Unlccti fiorr��wer and I.rnder agree tc•rnher terms of�+ayment.the�e am��ur��s tihal!hear �ntere��fr��m }-
<br /> �he datr <,i cfwhurtiemen� al Ihe Noit tatr �nd ahall t+t p�yaole. w�th irz!ere.t, u�,n ht�ll�f fn+m l cn.fer t�� H��rrrH�r
<br /> tequrshng payment
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