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<br /> 10V�60
<br /> UNIFORM CovENANTS �orrawer�nd Lender coven�nl�nd a�{re�c rs fAl1 s.
<br /> � 1. Payaent ot Pri�ci�al sad laterqt;PreNyn�tNt MM I.�te CAu�, tk�r�owcr qh�l!prc�mp�ly pay when due
<br /> the pri�cipai of ar�ti inie:at on the deht evidenct�t►y�hr Note����any pttrafmcnt and tate ehardes ctue undcr the Nate.
<br /> 2. F��S for T�xa�u�d lasan�ct. Subjert ta�pplicablt i�w•�rr t��A wrqlen wwlver b}•Lcnder,Hattawer shall pay
<br /> to Lenc1�T c�n�he d�y monthly�ayments ue duc under the Nate, unt11 the Nrtte iti�td in full, a sum t"Fu�ds")equA!to
<br /> one•twetRh of: (��yariy tsaes and uses�mentd which m�y ntl�in pri�rity over th1� Securi�y Insl�umenl; (b) yearly
<br /> lasehold p�ymenta or �raund rcnts ao ihe Praperty, ii�ny; (r1 yarty h�aard �mur�nca premwm�; �nd (d) yearly
<br /> moAjate insunnce premium�.if any. 'fhese items ue c�lled "escrow itcm�." I.cntfe�m�y esNrn�te the Nunds due on the
<br /> _ basis of cunent dau and�ason�ble estim�ta af fLturc escrow items.
<br /> The Fund:shall be held in an institutian the depositt or ueaunt�uf wh�ch�re in�ured ar�u�ranteed by�federal or
<br /> state arency(includinj I.ender if Lender i�such�an inuitution)• l.endcr sh�10�pply �he I'unds Ia p�X Ihe escrow items.
<br /> I.ender m�y rtot charse fo�holdina�nd�pplyin�the Funda��n�lyrin�the accaunt ur veri�yin�the escrow item�,unless
<br /> I.ender pays Borrower interat on the Fund��nd �ppllcable law ptrml�+� 1,ender lo make 'uch�rh�rRe. Borcower and
<br /> Lender may a�ra in Mritir��that interat shsll be psid an the Fund�. Unless�n a�rc�ment is made or applicable law
<br /> regUim int!�esi tQ���d� Ltrd:.s sha11 s�oi�fr2�ui�d io pwy oa�mwer�ny inieresi ur wini��s on ihe runds. i„ender
<br /> �all�ive tu Hornawer�without char�e,an annwl accountinj of the Funds showin�credit��nd debits ta the Funds and the
<br /> purpoae for which ach debit to ehe Fu�ds wu made.The�unds a�e p1ed�M�s�dditionai�ecurity for the sums cecured by
<br /> this Security Instrument.
<br /> lf the amount of the Funds held by Lender.together wi�h the Ihlure monlhly p�yments of Funds psyable prior to
<br /> the due data of the acroM item�slull eacxed the amouat required ta p�y the escrow items when due,the excas shall be.
<br /> at Borrowrer's option,either promptly repaid to Horrower or credited to Borrower on monlhly p�yments of Funds. If the
<br /> aawunt of'the Funds held by Lender is not su}ticient to pay the escrow items when due,Borrower shall pay to Lender any
<br /> unount nacessary to make ap the deflciency in one or more payment�u required by Lender.
<br /> Upon payment in fi�ll of all aums secured by thi�Security Instrument. Lender shail promptly refund to 8orrower
<br /> any Funds held by Lender.If under puagraph 19 the Property is sold or acquired by L.ender�Lender ahall�pply.no Ister
<br /> than immediately prior to the sale of'the Propeny or its acquisition by Lender��ny �und� held by Lmder�� ihe time af �
<br /> applic�tion u a credit aaainst the sums secured by this Security ln�trament.
<br /> 3. AMlk�tio�ot Pa�eeb. Unlas applicable law provides otherwix. all p�yments�eceived by Lender under
<br /> para�raphs 1 and 2 shall be applied:Arst,to late chugw due under the Note;second.to prepsyment chu�es due under the '
<br /> Notr,tbird.to amounu payabk under paragaph 2;fourth.to interat due;and t�st,to princip�l due.
<br /> 4• C.7iar/�r,IJe�s. 8orrower shall pay a!l taap.auessments�chu6es,Apa and impas9tioes attribulabk to the
<br /> Property wrhich may attain priority,over this Security Inatrumrnt, and leasehold p�yments or �round rcnts, if tny.
<br /> Borro�ver shalt pay theae obtiaations in the manner pravided in paragraph 2�or if not paid in that msnner�Borrowe��h�U � ���
<br /> _ psy therti on time diroctly to the person owed n�ymmt.Borrowu shtll nromntly fur�ieh tn 1 rnr1��a11�.,�M..n,f_e►���;;e� � "`
<br />: to be paid under this p�rajraph.If Borro�rer makes that payments diroctty.Borruwer shatt promptly iurnish to Lender '
<br /> reoeipts evidencing the paymrnts. .
<br /> Horrow�er shall promptly dischargeiny lien which hu priority over eh�s Security Instrurnmt unless Horrower:(a) :E.
<br /> agras in writing to the payment of the obligation secured by the lien in a manner�cceptable to Lendar;(b)co�tats in�ood "
<br /> fiith the lirn by�or detends spinst enforcement of the lirn in,kpl proceedin�which in the Lender's opinion opcnte to �
<br /> prevent the enforcement of the lirn or forfeiture of any put of the Property;or(e)secura from the holder of the lien�n '�
<br /> asreement satisfactory to Lender subordinating the lien to this 5ecurity Instrument.If Lender determines that any part of
<br /> the Property is subject to a lim which msy attun priority over this Sacurity Instr�ment, I.ender msy �ive 8orrower� .
<br /> , notia identifying the lien.Horrower shall saasfy the lien or nke one or more of the actions set forth above within 10 days
<br /> . of the`iving of notice.
<br /> S. H�sard Iaanace. Borrower shall keep the improvements now eaistina or herestter erected rn the Property t
<br /> inwred against loss by fire.haz�rds included withia the term"cactended coverage"aru!any other hazards fa�which Lender �
<br /> requira inswxnce. This inanrance shaU be maintainod in the amoanu and for the periads that Lendrr requires. The
<br /> inaurance curier providing the insurance shall be chosen by HorroMer subject to Lender•s spproval which shall not be
<br /> unreasonably withheld.
<br /> AU insursnce policies and renewals shall be accepuble to I.ender and shall include a standard manp�e c{ause. '���
<br /> L,ender ahall have the right to hold the policies and renewals.If Lender rccyuires,Borrower shal!promptly�ive to Lender
<br /> all receipts of paid premiuma and renewa!notices.In the event of loss,Borrower shall give prompt natice to the in�ur�nce
<br /> curier and Lender.Lender may mske proof of loss if not made promptly by Bonower.
<br /> Unless Lender and Borrower othen�vise agree in writing,insunnce proceeds shaQ be�pplied to restoratian or rep�ir
<br /> of tbe Property damsgad�if the reston�tion or repair is economically fasibte snd l.etider's security is not►esxne�i. If the
<br /> ratoration or repair is not sconomieally feasible or Lender's security would be lessened, the insur�nce proceed�sh�ll be
<br /> applied to the sums socured by this Security Instrument,whether or not then due. with any exceu�id to 8orrowu. !f
<br /> Horrower abandons the Property,or does not answer within 30 days a notice i'rom Lender�hat th�in}�ranc�catritr hss
<br /> o�'ered to settle a claim.thrn Lender may collect the ensunnce proceeda.Lender may use the proceMs to tepair or restote
<br /> � the Property or to pay aums secured by this Security Instrument,whether or not then due.The 30�d�y penod will beR�n
<br />. whrn the noticx is given.
<br /> Unless l,ender and Borrower otherwise agra in writing.sny application aPproceeds ta principal shall nut estend ar
<br /> postpone the due date of the monthly payments referred to in psragraphs I and 2 or change the amount oP the psymsnts.lf
<br /> under puagraph 19 the Property is acquired by Lender.Bortowee's right to any insurmce pol�cies and prc�cecds resulhn�
<br /> from dsmage to the Propeny prior to the acquisition shall pus to Lender to the eatent of�he sums secured by th�s Sacuruy ��- =-----
<br /> Instrument immediately prior to the acquisition.
<br /> 6. Pre�trrstlon and Mdntenance o!ProPe�;I,ta�ehoHL. Borrower shyll not destroy.dAmage nr cuhstan�ially
<br /> ehange the Property,allow the Property to deteriorate or commit waste. IP this Securi�y Insirument is an a letiulu�ld,
<br /> Borrower shaU comply with the provisions of the iase,and iPBorrowcr acquires fee title to the Pru�xrty,the Icatich��ld and
<br /> fa titk ahall not merge unless L,ender agrees to the merger i��writing.
<br /> ?. ProtecNoe ot Lender'� Ri�ht� in the Prope�ty; MortpQe Inaunnce. If 8orntiwer fa�ls tn r+erfi�rm thc M
<br /> � covenants and agreements contained in this Security lnstrumeM.or there�s a legal procreding�ha1 mAy S�gniflcN�itty�ffcci
<br /> Lender's rights in the Property (such ss a proceedtng in bankruptcy, prnbate, for candemnation or �o enfnr�e law�i�r
<br /> regulstions),then Lender msy do and psy fnr whatever�s necesssry tm protsct the value of the Pro�+crty r�nd I.endrr'�nph�� �
<br />, in the Ptoperty. Lender's act�ons may indudr paying �ny sums s'cured by a lien wh�ch has prumty over Ihiti Sc�urny ~
<br /> Instrument,appearing in coun,paymg reasanable attutneys'fees pnd�n�enng on thr Prapeny���makc rcpair� nl�hnuph ���
<br /> Lender may take actian ur,der th�s parxp,r:�ph 7,�cndrr does nut havr ta dn st� �
<br />: Any amounts dtsbursed by Lendcr under thi�pars�graph 7 shall t►ecnme udd�ti�mal deM��f li��rmwer tie.urcd h► rhi+
<br /> Secunty lnstrument.Unless Barraw�r und I.cnder agree to��ther terms a!paymeni, therc urn��uni.�h:�ll t�rar int�ictit Ir�nn
<br /> the date of disbursrment al the Nntc rat� i�nd tihall tx payutsle, w�th interc�t. u��►n nuu�r frum I rmlc•r �u 11��r���wcr
<br /> requestrog payment.
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