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<br /> ��.�.;, iQ6301
<br /> UNIi�ORM COYGNANTS Hurrc�wcr unc!Lendcr cavenant and agrcc us fc�llu��+:
<br /> 1. Ps�yment of N�incipal and I�te`est; Peepayment And l.�te Ctia��es. I3orrou�cr�hall ��r��mpUy� pa� ��hrn duc
<br /> th�principa!oPand intcrest on the deb¢cvidenced by the N��tr and.uiy prePay�mcnt�nd late charFc�duc under ihc Nntc.
<br /> �. Funds for Taxes And InsurAnce. Subjert lo applicablN law��r tn a wriuen��:�i�•er h}•I.ender,H�rmwer.hull pay
<br /> � to Lcnder an the day monthly p�yments are due under the Nute.until the Note is paid in full.a�um!"ru��dti'?cyual tu
<br /> one•twelflh �►f: (i�) yeurly taxes und u�ses�ments w•hich map :�ttain priority a�•er this Security In�t�urnrnl; (h) ��rarl}�
<br /> leasehold puymenis or ground rents on the Praperty, iP uny; (c) pearly hazard insurunce premiums; a�d (d) }�e�srl}
<br /> mortgage iosurance premiums,if any.These items Are calted•'escrow items."Lender may ectimate the FundS due��the
<br /> ' basis af current data and reasonable estimates os Puture escrow items.
<br /> The Funds shall be held in an institution the depasits or accounts oP which A�e insured o�guurAnteed t+y a Pederal ar
<br /> : state agency (including Lender iP Lender is such an institution). Lender shall apply the Funds to pay the escrbw items.
<br /> : Lender may �ot charge for halding and applying the Funds,analyzing the account or verifying the escrow items, unless
<br /> , Lender psys Borrower inlerrst on the Funds and applicable law permits Lender to make such A charge. Borrower and
<br /> � Lender may agree in writing that interest shall be paid on the Funds. Unl�s an agreement is made or applicable law
<br /> � requires interest to be paid, !ender shall not be required to pay Borrower un� interest or earnings on the Funds, Lender
<br /> , shall give to Borrower.without charge,an Annual accaunting of the Funds showing credits and debits to the Funds and the
<br /> purpose for which each debit to the�unds was made.The Funds are pledged as add�tinnal security for the sums secured by
<br /> this Security Instrument.
<br /> If ihe amount of thP Funds held by Lender.together with the future mvnthly payments of Funds payable priar ta
<br /> ' the doe dates oP the esrrow items,shall exceed the amount required to pa}r�he escrow items when due,the excess shall be.
<br /> : at Borrowe�'s aptian,either pramptly repaid to Bonower or credited ta Iiurrower on monthly payments of fiunds. If the
<br /> � amount of the Funds held by Lender is not sufficient to pay the escrow items when due.Borrower shall pay to Lender any
<br /> amount necessary to make up the deflciency in one or more payments as required by Le�der.
<br /> � Upon payment in full of all sums secure�i by this Security lnstrument, Lender s?�all promptly refund to Bonower
<br /> any Funds held by Lender.lf under paragraph 19 the Property is sold or acquired bp g,ender,Lender shall apply,no later
<br /> than imm�diately prior to the sale of the Property or its acquisition by Lender,any Funds held b�Lender at the time of
<br /> . application as a credit against the sums secured by this Security Instrument.
<br /> � 3. Appllpttioa o!Psy�aents. Unless applicable law provides otherwise.all payments received by I.ender under
<br /> � garagraphs 1 and 2 shall be applied:flrst,to late charges due under the Nctte;second.to prepayment charges due under the .
<br /> � Note;third,to amounts payable under paragraph 2;faurth,to interest d��and last,to principal due.
<br /> � 4. C�araes;Utnt. Honower shall pay all taxes.assessments,c�harges,fines and impositions attributable to tha �
<br /> Pmperty which may attain priority over this Security Instroment. stnd leasehold payments or ground rents, if any. ; ;
<br /> , Borrower ahal)isay these obligations in the manner provided in paragraph 2,or if not.paid in that manner,Borrower shall ; `
<br /> pay them on time ditectly to the person owed payment.Borrower shall promptly furnish to Lender all notices of amaunts
<br /> • to be paid under this paragraph.If Honower makes these payments directly,Borrower sha1)promptly furnish to Lender : ���
<br /> receipts evidencing the payments. �t- ��:�
<br /> _. , Rf1n'Al1(�T CF�AII f��Q��t��s!'�h�zo�ar.;Iitss�his�:h�..��r'�ri:�o:•�r this S�;sri:�lzsirsn:r:::u:sl:;.°...^:rau�::fa) '`'t--—
<br /> agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good -t''-
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<br /> fAith the lien by.or defends against cnforcement of'the lien in,legal proceedings which in the Lender's opinion operate to ?-
<br /> • prevent the enforcement of the lien or forfeitnre of any part of the PrQperty;or(c)secures from thc holder af the lien an
<br /> agrament 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 Secarity Instrument, Lcnder may give Borrower a �
<br /> ,notice identifying the lien.Borrower shap satisfy the lien or take one or more of the actions set forth above within 10 days . =
<br /> of the giving of notice. `
<br /> ' • S. Haztrd Iasurance. Borrower shall kap the improvements now existing or hereafter erected on the Property
<br /> insured against loss by fire,hazards included within the term"extended coverage"and any other hazards for which Lender -
<br /> requires 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 Bonower subject to Lender's approval which shall not be
<br /> unreasonably withheld. j
<br /> All insarance palicies and renewals shall be acceptable to Lender and shall include a standard mongage clause.
<br /> Lender shall have the right to hold the policies and renewals.1f Lender reqnires,Borrower shall promptly give to Lender :
<br /> al!receipts of paid premiums and renewal notices.In the event of loss,Borrower shall give prompt notice tv the insurance `�
<br /> � carrier and Lender.Lender may make proof of loss if not made promptly by Borrawer. - -
<br /> Unless Lender and Borrower otherwise agree in writing,insurance proceeds shall be applied to restoration or repair � �`�
<br /> of the Pmperty damaged,if the restoration or repair is economically feasible and I.ender's security is not lessened. If the �
<br /> restoration or repair is not economically feasible or I.ender's security would be lessened,the insurance proceeds shall be .
<br /> applied to the sums secured by this Security Instrument. whethcr or not then due,with any exc.ess paid to Borrower. If �"
<br /> Borrower abandons the Property,or does not answer within 30 days a notice from Lender that the insurance carrier has
<br /> offered to stttle a claim,then Lender may collect the insurance proceeds.Lender map use the proceeds to repair or restore
<br /> � the Property or to p�y sums secured by this Security Instrument,whether or not then due.The 30-day period will begin
<br /> : whm the notice is givrn.
<br /> � Unless Lender and Borrower otherwise agree in writing,any application of praceeds to principal shall not extend or
<br /> . postpone the due date of the monthly payments referred to in paragraphs i and 2 or change the amount of the payments.If
<br /> under paragraph 19 the Froperty is acquired by L.ender,Bonower's right to any ins►arance policies and proceeds resulting
<br /> from darstage to the Property prior to the acquisition shall pass to I.ender to ihe eztent of the sums secured by this Security
<br /> Instrument immzdiately prior ta the acquisition.
<br /> 6. Praervatioo Aad Maintenance otProperty;Leaseholda. Borrower shall not destroy.damage or substantially
<br /> change the Property,allow the Property to deteriorate or commit waste. lf this Security Instrument is on a leasehold. _ _ _
<br /> Borrower shall comply with the provisions of'the lease,and if Borrower acquires fee t+tle to the Property,the leasehold and ' � ^
<br /> fee title shall not merge unless Lender agrees to the merger in writing.
<br /> 7. Protection o! Lender's Righta in t6e Property; Mortgage Insurance. If 8orrower fails to perform the '
<br /> cflves►ants and agreements contained in this Security Instrument,or there is a legal proceeding that may significantly a�'ect '
<br /> Lender's rights in the Propeny (such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws or •
<br /> � , regulations),then I.ender may doand pay for whatever is nece.ssary to pratect the 4aive of the Property and Lender's rights �
<br /> in Oite Property. Lender's actions may include paying any sums secureQ b}� a iien which has priority c�ver this Securil�• �
<br /> L instrnment,appearing in court,paying reasonabie attorneys' fees and c;.ser�ng on the Property to makc repairs.Althnugh
<br /> I.ender may take action under this paragr�ph�,Lender does not have tn da so.
<br /> , Any�mounty disbutsed by I,ender under this paragraph 7 shalt become additianal debt of Hnrrower secured b}•thi� t�
<br /> Securit�•lnctn�ment. Unless�nrrnwer and Lender agree to other terms of paymcnt,these amounts shall bear �uterc•t frum �
<br /> the dstt� nf clicbnry;.tnen! at ihe Note rate and �hall he payah1c, with �titrrest, u}x�ti �i��t�re fr��ii 1_ciidr� tu Buir�+Hr� , -
<br /> requetituigpayment. � �
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