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<br /> � gg-� �'1062�0
<br /> UNIFORM CUVtNAN I.l'. BOlTOWOi and I.Gndcr cov=nant and agrcc xs f�llows:
<br /> 1. Pay�tAt at PriNCIMI�ad I�terart;E'�ep�yment u�d I.ate Ghtrges, Horrower shall prnmptly pay�when due
<br /> the principal of�oci interest an the debt cvidenced by the Nate and any pccpuyment and latc chargcs due under t hc Note.
<br /> 2. �unds tar Taxa aad I�a�rawce. Subject ta aRpficable law•or to a written�vai��cr by Lender.Botrowcr shal)pay
<br /> to Lender on the duy monthly payments�re due under thc No1o,until the Notc is paid in full,a.um("Fimds")equal tu
<br /> � one•twetftfi af: (x) yta�rly taxa and ssussments Khich may attnin priUrity aver tNis Security htstrument; (b) yearly
<br /> Ic�ehold p�ymrnts ar ground rents oa the Property, if any; (c) yesuly hazard insurance premiums; and (d) yearly
<br /> mort�a�c i�suranre premiums.iPany.Thrse items�►re called•'�,cc�nw items."I.ender msy eatimate the Funds duc on the
<br /> basi�of'current data�nd�easanabk atimata of future escrow items.
<br /> The Funds sha11 be held in an institution the deposits ot accounts of which s�re insurGd ar guaranteed 6y a federal or
<br /> :ute aarncy(includin� I.ender if Lender is such an institution). Lender shall apply the Funds ta pay the escrow items.
<br /> L.et�der may not chsrge for holding and applyin�tha Funds,analyzi�g the account or verifying the cscrow items,unless
<br /> Lender pays�orrorrer intetat on the Funcis and spplicable Isw permits Lender to make such a charge. Barrower and
<br /> Lender may agra i� writing that interest shall be psid on the Funds. Unless an agrcement is made or applicable law
<br /> requira interest to 6e paid,Lender shYll not be requircd to pay Harrawer Any interest ar earnings on the Funds. Lender
<br /> s1W1 give to$anower,without charge,�n annua!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 as additional security for the sums secured by
<br /> . this Security lnstrument. .
<br /> . lf the amount of the Funds held by Lendcr,together with the tl�ture monthly payments of Funds payable prior to
<br /> � the due dates of the escrow ecers�s,shall exceed the amount required to pay the escrow items when due�the excess shall be,
<br /> st Borrower's og�ior.e,either�aamptly repaid to Borrower or credited to Borrower on monthly payments of Funds.If the
<br /> unount of the Fuads;hel.�lh}1�ender is not sufficient to pay the acrow items when due,Borrower shall pay to Lender any
<br /> unoe�nc necessar�r to�m�iicc up the deflciency in one or more payments as required by Lender.
<br /> Upon payment in ferlb o€all sums secured by this Security Instrument,Lender shall promptly refund to Borrower
<br /> . any Funds held by Lender.IE'under paragraph 19 the Property is sold or acquired by Lender,Lender shall apply,no later
<br /> than immediately prior to the sate of the Property or its acquisition by Lender,arey 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 Paymenb. Unless applicable law provides otherwise,all paymenu received bv Lender under
<br /> paragraphs 1 and 2 sha0 be applied:first.to late charges due under the Note;second,to prepayment char�c�due under the
<br /> Note;third,to amounts payable under paragraph 2;fourth,to interest due;and last,to principal due.
<br /> 1. CbarQes;Liens. Honower shall pay all taaes,assessments,charges,fines and impositions attributable to the
<br /> Properiy which may attain priority over this Secunty Instrument, and lea�ehald payment� or grucind rents, if any. •
<br /> � Bonower shall pay these obligations in tIth manner provided in paragraph 2,or if not paid�n that manner.Borrower shall s-,
<br /> , pay them an time directly to the�erson o+��d payment.Borrower shall promptly furnish ta�.ender all aoteces of am�eunts . �-
<br /> to be paid under this paragragh.lf B�rrvyer makes these payments direetly. BorrUwer shaZ�promptly Ccemish to Lender � �%'
<br /> : receipts evidencing the payments. �'—
<br /> Borrower shall nromptty dischar�e arty lien which has priority over this Security Instrument unless Banower:(a) _
<br /> � agrecs i�writing to tht paymont of the o�'cgation securcd by the lien in a m�nner acceptablr to Lender;(bj contests ia�good .
<br /> faith the lien by.or defends against enforament af the lien in,legal proceedings which in the Lender's opinion operate to ,
<br /> prevent the enforcement of the tien or forfeiture of any pan of the Property;or(c)secures from the holder of the lien an
<br /> agrament satisfactory to Lender subordinating the lien to this Security Instrument.lf Lender determines that any part of
<br /> " the Property is subject to a lien which may attain priority over this Security lnstrument, Lender may give BorroWer a
<br /> nutice identifying the lien.Bonower shalII satisfy the lien or take one or more of the actions set forth above within 10 days
<br /> of tha giving of notice. '
<br /> . S. Huud Insurance. Borrower shall keep the improvements�ow existi�g or hereafter erected on the Prupeny
<br /> insured against loss by fire.hazards included within the torm"extended coverage"and any othcr hazards for which Lender
<br /> roquires 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 /> unrcasonably withheld. . �
<br /> All insurance polieies and renewals shall be acceptable to Lender and shall include a standard mortgage ctause. :_
<br /> Lender shall have the right to hold the policies and renewals.If Lender requires,Borrower shall promptly give to I.ender —�
<br /> all rcceipts of paid premiums and renewal notices.In the event of loss,Borrower shall give prompt notice to the insurance �`
<br /> carrier and Lender.I.ender may make prooFof loss iPnot made promptly by Borrower. �
<br /> Unless I.ender and Bonower otheswise agree in writing.insurance proceeds shall be applied to restoration or repuir ��--
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<br /> of the Property damaged,if the restoration or repair is economically feasible and I,ender's security is not lessened. ]f the 'p •;'.
<br /> restoration or repair is not economicall}feasible or Lender's security would be lessened.the insurance proceeds shall be , -
<br /> appliod to the sums secured by this Sec�xrity Instcument,whether or nat then due.with any exeess paid to Borrower. If
<br /> � Borrower abandons the Property,or dces not answet within 30 days a notice from Lender that the insurance carrier has �
<br /> � offerod to settle a claim,then Lender may collxt the insurance proceeds.Lender may use the proceeds to repair or restore
<br /> ' the Property or to pay sums secured by this Security lnstrument,whether or not then due. The 30-day period will begin
<br /> when�he notice is given.
<br /> Unless Lender and Borrower atherwise agree i!t w�riting,any application of proceeds to princip3i shall not extend or
<br /> � postpone the due date of the monthly pay ments referred to in paragraphs 1 and 2 or change ehe amount of the payments.[f
<br /> , under paragruph 19 the Property is acquired by Lender.Borrower's right to any insurance poSicies and proceeds resulting . "
<br /> . , from damage to the Property priot to the acquisition shall pass to Lender to the extent of the sums secared by this SeCatity '
<br /> � Instrument immediately prior to the acquisition.
<br /> � 6. Preserration and Maintenance ot Property;Leaseholds. Borrower shall not destroy,damage or substantially
<br /> change the Property.allow the Praperty to deteriorate or commit waste. If this Security Instrument is on a (easehbld,
<br /> , .. $orrower shall comply with the provisions of'the lease,and if Barrower acquires fee title to the Propeny,the leasehatd and _ __
<br /> �. fee title shall not merge unless Lender agrees to the merger in writing. � T
<br /> 7. Protection ot Lender's Aights in the Property; Mortgage Insurance. If Borrower Fails ta perform the �
<br /> covenants and agreements contained in this Security]nstrument.or there is a legal proceeding that may significantly affect 1
<br /> I.�nder's rights in the Property (such as a procceding in bankruptcy, probate, for condemnation or to enforce laws or '
<br /> ' regulatians),then Lender may do and pay for whatever is necessary to protect the�•alue af the Property and Lender's rights , '
<br /> in the Propeny. Lender's actions may include paying any sums secured by a lien which has priority over this Security
<br /> L Instrument.appear�ng in court,paying reasonable attorney,c'fees and entennR�n the Property ro re�ake repain Aphough
<br /> Lendrr may take actian undcr this paragraph 7,Lendet dces not have to do so.
<br /> Any amounts d�sbursed by I,�ndtr under Ihis paragraph 7 shall become add�twnal debt of B�rrnw•cr�ecured hy thi.
<br /> Secur�ty lns�rutnent.Unletis Hnrrower�nd l.ender agree t�c�ther tetm��f payment, thete am��un���hall hcar intcr�wt fr�an N►
<br /> the date af d�tibuncmrnl at thc Note r�te and shall be payable. Hith interest, u�on n���icc ftoin Lcn.lcr t�, H��rru�.c•r
<br /> rcquc.ct�ng aayment. ��
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