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<br /> . 94-~ 10'7426 v,..�:..._�.-��:�,;�-�.
<br /> ' UNIF�RM COVENANTS BonoMennd Lmder covenmt�nd agra�s follows: .° •� r,;l••'�-
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<br /> � 1. P�y�ento�Prlaclpd�d laterati�e�Y�ot uod l.ste Cb�rQes. Barrower shrll promptly p�y when due "��'��i
<br /> tbe principd of�nd interat on the debt evidenced by the Note�nd sny prep�yment�nd Irte chuQea due uoder the Kote. � �"--
<br /> 2. Fu�ta TaYa�ad lasansce. Subjcct ta�pplicnble IAw or�o a wniten waiver by Lender,Borrower shrll p�y ' � `
<br /> � . � to Lrnder on the d�y monthly p�yments Are due under the Note,until the Note is paid in full,�cum("Funds")equal Ia , ��
<br /> one-twelRh oi: (a)•yearly t�xes and acsessmenta which may attain prionty over this Security Inst�ument: (b) yarly �
<br /> leasehold paymmu or 4round rents on the PfOpErty, if Any; (c) yearly hsw�d inaura�ce prem�um�: And (d) yearly � :
<br /> mortga�e insurance premiumc.if Any.These items�re cplled"escrow i�ems."I.eoder mwy at�mr�e�he Funds due on the 1 • � •
<br /> � basi�of cunent dt�tn and re�onable estim�tes of future escrow items, :
<br /> The Funds shali be held in an institution the deposits or accounts af which are msured or guwranteed by a federal or i . ,
<br /> atate�gency(including I.ender if Lender is such Ao institation). l.ender shall apply the Funds�o pay�he escrow items. ; , ,
<br /> � Lender m�y not chuQe for holding and applyen�the Funds,�lyzmg the account or verifyiag the escraw items,uniess •
<br /> ' Lender prys Borrower interest on the Funds And s�pplicable law permits Lender to make such a charge. Borrower and
<br /> , ,, � Lender mwy p�ae in writine 41wt intercst shall be paid on the�unds. Uoless an agramem �s made or applicable law ,
<br /> roqui�es interest to be paid.Lender slwll not be rcqwred to pay Borrower any m[erest or earniogs on the Funds. L.ender i
<br /> � `�'"��!��' ' �hall give to Borrower.without charge,�n annual accounting oP the Funds showing credus a�d debits to the Funds and the
<br /> . ',. . �'�'��";;i;S��.`��, �'`�' purpose for which ach debit to the Funds was made,The Funals ace pledged as iddit�onal secunty ior the sums secured by
<br /> r' �.�;�' ' ti�'� �
<br /> . . ,. �: thisSocurity Insuument. .
<br /> , '; "j;��: � If the am��unt of Ihe Funds held by Len�3er,logtlhrr with the future monthly payments af Funds payable prior to �
<br /> ' � ::t,�,t„ t@:�due dates att?ee acrow items,shall exceed t'he pm�unt requirrd to pay the escrow i�ems when due,�he excess shall be,
<br /> , . • at Borrower's option,either promptly repaid ta Barrower or crcdited to 8orrower on monthly paymcnts of Funds.U the �
<br /> �" • amount of the Funtls held by Lender is not suPficient to pay the tscraw•itYms when due,Borrower shall pay to Lender any
<br /> ;• .,. � . .
<br /> unount nxessaQy to make up the deBciency in ane or mor¢pnyments aa required by L.ender. ,�
<br /> �( . . ! Upon payrnmt in Pull of all sums secured by this Security lnstrument.I.endcr shall promptly rcfund to Borrower •
<br /> ' � � � � �ny�unds held by Lendcr.IP under paraRaaph 19 4he Property is sold or acquired by l-ender,Lender shall apply,no later
<br /> than immodiately prior ta the sale of Ihe Property or its acquisition by l.ender,an}•Fundx held by Lender at the time of
<br /> �pplication as a credit agunst t➢�e sums secured by this Security Instrument. ' ,
<br /> 3, AppUcuNou of P�yaieaq. Unless applicable law provides otherwise.all pnyments received by i.ender under '
<br /> puagrapha 1 and 2 shall be�pplied:flret,ta late charges due under the Nate;second.to p�epayment charges due under the ' :� ,
<br /> Note;third,to ain ounts p*ynble undtr paragraph 2:fourth,to imerest due;And lest,to pnncipel due. ,�, ,
<br /> 4, Lbarge:,Lien�. �rsower shall psy a!!taxes,assesssnents,cherges, fines en� imposhions attril+uteb!t lo the ;
<br /> ' I Propeny which rn�y attain priority.over this Securiiy Instrument, nnd leasehold payments or graund rems. it any. •�
<br /> �3onower shall pay theszobligations in Ihe manner provided in paragraph 2,or if not paid in that manner,Borrower shaff
<br /> pay them on t9me dircctly to the person owed payma�t.Horrower shall promptly lumish to Lei�der nll notices of amounts �
<br /> ta be paid under this paragnph, IF Borrower makes these payments direc�ly, Horrower shall promptty furnish to Lender .
<br /> receipts evidencin$the p�yments. . .
<br /> ; Borrower slull promptly discharge any lien which has pnonty over this Secunty Instrument unless Borrower.la) �
<br /> ' � agrees in writing to the piyment of'the obligation secured by the lien in a manner acceptable to Lender;(b)contests�n ga�d
<br /> fslth the lie�by,or defends against enfarccment of the lien in,legal prceecdings which in the Lcndcr's opmwn operate to
<br /> , prcvent the enfotrement of the lien or forfeiture of any part of the Propeny: or(cl secures from the holder uf Ihe lien an �' �
<br /> . agramrnt satis'factory to Lender subordinating the lien to this Security Instrument.If Lender determines that any part of •�
<br /> the Property is aubject to a lien which may attain pnority over this Security Instrument, I.,ender may grve Borrower a ,
<br /> notice identifying the lien. Bonower shall satisfy the lien or take one or more of the acuons set forth above wnhin 10 d3ys .�•.�,
<br /> of tfie giving of notice. .
<br /> S. Harar•d Insunnce. Borrower shall keep the improvements now existmg ar hereafter erected on the�roperty
<br /> insured�g�i�st loss by fire,huards included withm the term"eatended coverage"and any other hazards fbr which Lender ,
<br /> requires insurance.This insurance shall be maintained in the amount�and tor the periods that I_ender requtta. Thr
<br /> insunnce camer providing the insurance shall be chosen by Borrower sub�ect to i.ender's approvpl wh�ch shall not be
<br /> unreason�bly withheld.
<br /> � All insurance policies nnd renewals shall be acceptable to Lendcr and shall�nclude a�tandard mongage clause.
<br /> I.ender shdl have the cight to hold the policies and renewals.If Lender requ�res, Barrower shall promptly give to Lender
<br /> all receipts of paid premiums and renewal notices.In the event of loss,Horrower shall gwe prompt notice to the insurance � �
<br /> � carrier and Lender.I.ender ma y make proof of Inss if not made prompt ly by 8orrower.
<br /> Unless Lender and Eorrower otherwise agree m u•nung,msurance proceeds shall be�ppGed to restoration or repair
<br /> ot the Property damaged, it Ihe restorauon or repair is economically feasible and Lender's secunty�s not les�ened.If the
<br /> restoration or repau is not economically feasible or Lender's securny would be letsened, the msurance proceed�shall be
<br /> ' applied to the surns secured b�this Sccunty Instrument, whether or not then due, wnh any eacess pa�d to Borrower. If
<br /> � Borrower abanduns the Propertp.ar does not unswer wrthin 30 days a notice Gum Lender that the�nsurance carner has
<br /> � of!'eted to setde o cleim,then Lender ma}•rollect the insurance proceeds.Lender may use the procads to repa�r or ratore
<br /> ' the Property or to pay sums securcd by t'his Secunty Instrument, whelher or nc+�then due.The 30�day period wtll begm
<br /> � when the notice is givrn.
<br /> � Unless Lender and Borrower otherw�se agree�n wnung,an�•arplicatinn��f pnxeeds to pnncipal shall not eztend or
<br /> � postponethe due datr,ufthemonthly paymrnn rcferred to m pnrugra�hti I and:��r rhangr the amount c�f the paymrnts.If
<br /> � under paragraph 19 the Pr�perty�s acquired by Lender,Bnrrower's n�h i to an> >murance policie�and praceeds raulting
<br /> Ifrom damage to the Propeny pnor to the acqwc�t�on shall pass to Lender tn the extent of the wms secured by this Secunty
<br /> � Instrument immedi�telypnor to the acquismon
<br /> 6. E'reserv�tion�nd M�inten�nce ot Prope�;l.coseholdc. 8orrower shall nut destroy,damage ar�ubstanaall�
<br /> change the Property. allow the Propeny ti�detenarate or commis w aue. If th�ti Sec:unt�� Instrument u on a leasehold.
<br /> Horrower shall comply with the proviswns of the leatie.and U H�ttrc�w:r a.qm ra ree u[ie�o�ne rroperty,the leasehold and
<br /> fee tide shall not merge unless l.ender agrees ta the merger m w•nnng
<br /> 1. Protection of i.ender': RiRhts in the P�operty; �toriga�tr lesunnee. If &�rrower fads to perform the
<br /> i rnvenants and agraments containcd in th�s Secunty Insttucnent.�r there iti a legal prcxeed�ng that may s�gmficantly afTect
<br /> , I.ender's nghts�n the Property (such as n pn�ceedmg m bankrurtr�.proba�e, for condemnatwn or to enforce laws or
<br /> regulat�ons),then Lender mey do and pay for whate�rr is neressar}1�ptnlect the�alue u(the Prnj+erty and Lender'+nghts
<br /> in the Property. Lender's acuans ma� ��clude pa��ng am sums,e.ured by� a I�en w�hich has pnunty uver thu 5ecunty
<br /> Instrument,appeanng m cour[,pa)�ng reasonable au�rne}�s'fees and entenngon�he Pro�►erty tn make rep��rs Allhough
<br /> Lrnder may take acuon under this paragraph%.(ender dnes not ha�•e to do s��
<br /> Any amounts disbuned by Lender under�h�s�.+angraph?shall bec�me�d.tuional debt of&�rroa er cta ured by this
<br /> 5eeunty lnstrument l'nless Borrower and Lender agra to other terms of pay mer.�.�hese amount�tihall t+ear�nteres�fro+ro
<br /> " � the daee of�disbursement at the Note rate and �hall be pa.aoie. uo�h mseear. opon nr.aa;e frnm Lender �o Bnrrc+uer
<br /> ; 4 requesangp�}men�.
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