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<br /> UNIFORM COVENANTS. Harrower and Lender covennnt and agree iis fi�Ilows: ��� �-�6 48'7
<br /> I. Payment of Princlpal and Interest;P�repayment and I.ate Charges. Horrower shall prnmptly pay when due
<br /> the pnncipal of and interest on the debt evidenced by the Note and any prepa}ment and late charges due under the Note.
<br /> 2. Funds tor Taaces and Insuranre. Subject ta applicahle law or t�a written waiver hy l.ender,H��r�wer chall pay
<br /> � to Lender on the day monthly paymcnts are due under the Note,until the Note is paid in full.a sum("Funds")equal to
<br /> one•twetfth of: (a) yearly taxes and assessments which may at�ain priarity over �his Security Instrument; (b) yrarly
<br /> l�asehold payments or ground rents on the Property, if nny; (c) yearly hazard insurance premiums; and (d) yearly
<br /> tnortgage iasuranee premiums,i€any.These items are called"escraw items."Lender may e.ctimate the Funds due on the
<br /> basis of current data and reasonable estimates of future escrow items.
<br /> The Funds sha1)be held in an institution the deposits ar accaunts af which are insured or guaranteed by a federal or
<br /> state agency (including Lender if Lender is such an institution). Lender shall apply the Funds ta pay the escrow items.
<br /> L.ender may not charge for holding and applying the Funds,analyzing the account or vedfying the escrow items,unless
<br /> I.ender pays Horrower interest on the Funds and applicable law permits Lender to make such a charge. Borrawer and
<br /> Lendcr may agree in writing that interest shal)be paid on the Funds. Unless an agreement is made ar applicable law
<br /> . rea,uir�interest to 6e paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br /> shall�ive to Barrower,without charge,an nnnual 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 /> Lhis Srcurity Inst=ument.
<br /> If the amount of the Funds held by Lender,to�ether with the fnture monthl�payments of Fuads payable prior to
<br /> the due dates of the escrow items,shall exceed the amount required ta pay the escrow items when due,the excess shal)be,
<br /> at Borrower's optnon.either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br /> : amount of the Fnnds held by Lender is�vt sufticiant to pay the escrow items when due.Borrower shall pay to I.ender any
<br /> amount necessary to make up the deficiency in one or more payments as reyuired by L.ender.
<br /> Upon payment in full of al)sums secured by this Security Instrument�Lender shall promptly refund to Borrower
<br /> any Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender, I.ender shall apply,no Iater
<br /> than immediatel�r prior to the sale of the Propertp or its acquisition by Lender,any Funds held by Lender at the time of
<br /> application as a credit against the sums secured by this Security Instrument.
<br /> 3. Applieation of P�ymeats. Unless applicable law provides otherwise, all payments received by Lender under
<br /> paragraphs 1 and 2 shall be applied:first,to late charges due under the Note;second.to prepayment charges due under the
<br /> Note;third,to amounts payable under paragraph 2;fourth,to interest due;and last,to principal due.
<br /> 4. C6arges;Liens. Borrower shall pay all taxes,assessments, charges,flnes and impositions attributable to the
<br /> Property which may attain priarity.oti�er this Security Instrument, and leasehold payments or ground rents, if any.
<br /> Borrower shall pay thesc obligations in the manner provided in paragraph 2,or if not paid in that manner,Borrower shall �
<br /> pay them on time directly to the person owed payment.Borrowes shall promptly furnish to Lender all notices of amounts '
<br /> to be paid under this paragraph.If Barrower makes these payments directly, Borrower shall promptly furnish to Lender
<br /> receipts evidencing the payments. , ;.:
<br /> Bon�wer chall nrnr�nr�y�iiSrharo.•ps.;Z}�..,�fh�r;;�r.t�aser::ti;�urity:�sisusst�t u�l�ss La;r:,�c;:;aj ; _�.�
<br /> agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good -
<br /> faith the lien by,or defends against enforcement of the lien in,legal proceedings which in the Lender's opinion operate to �
<br /> prevent the enforcement of the lien or forfeiture of any part 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. If I.ender determines that any part of '
<br /> the Property is subject to a lien which may attain priarity over this Security Instrument, Lender may give Borrower a •
<br /> notice identifying the lien.Barrower sha11 satisfy the lien or take one or more of the actions set forth above within ]0 days
<br /> of the giving of notice. ';�
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<br /> S. H�rd Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br /> insnred against loss by fire,hazards included within the term"extended coverage"and any other hazards for which Lender
<br /> tequires insurance. This inst�rance shall be maintained in the amounts and for the periods that I,ender requires. The
<br /> insurance carrier providing the insurance shall be chosen by Bonower subject to Lender's approval which shall not be "i
<br /> unreasonably withheld. � ,
<br /> Al) insurance poticies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br /> Lender sha1)have the right to hold the policies and renewals. If Lender reyuires,Borrower shall promptly give to I.ender
<br /> all receipis of paid premiums and renewal notices.In the event of loss,Borrower shall give prompt notice to the insurance �
<br /> carrier and Lender.Lender may make proof of loss if not made promptly by Borrower. �'���
<br /> Unless Lender and Borrower otherwise agree in writing,insurance proceeds shall be applied to restoration or repair !��� `
<br /> o f t h e P r o p e rty da mag e d,i f t he res tora tion or repair is economica l ly feasib le and Lender's security is not lessened. If the � �
<br /> restoration or repair is not economically feasible ar Lender's security would be lessened, the insurance proceeds shall be '
<br /> applied to the sums secured by this Security Instrument,whether or not then due,with any excess paid to Borrov�er. If � -�
<br /> Borrower abandons the Property. or dves not answer within 30 days a notice from I.ender that the insurance carFier has
<br /> offered to settte a claim.then Lender may collect the insurance proceeds.Lender may use the proceeds to repair or restore
<br /> the Property or to pay sums secured by this Security Instrument,whether or not then due.The 30-day period will begin
<br /> when the notice is given.
<br /> Unless Lender and Borrower otherwise agree in writing,any application of proceeds to principal shall not extend or
<br /> ' postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments.If
<br /> � � under paragraph 19 the Property is acquired by Lender,Borrower's right to any insurance policies and proceeds resulting
<br /> from damage to the Proptrty prior to the acquisition shall pass to I.ender to the extent of the sums secured by this Security
<br /> lnstrument immediately prior to the acquisition.
<br /> 6. Preservation nnd Mnlntenance of Proper�,y;Leaseholds. Borrower shall not destroy,damage or substantially
<br /> change the Property,allow the Property to deteriorate or commit waste. If this Security Instrument is on a leasehold,
<br /> Borrower shafl comply with the provisions of the lease,and if Borrower acquires fee title to the Property,the leasehold and �`---�
<br /> fee title shall not merge unless Lender agrees to the merger in writing. '
<br /> 7. Protection of Lender's Rig6ts in the i'roperty; Mortgage Insurance. If Borrower fails to perform the ,
<br /> eovenants and agreements contained in thisSecurity Instrument,or there is a legal proceeding that may significantly affect �
<br /> Ler�der's rights in the Property(such as a proeeeding in bankruptcy. prabate, for condemnation or to enforce laws or
<br /> regulations),then I.ender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights
<br /> in the Property. i.ender's actions may include paying any sums secured by a lien which has priority over this 5ecurity �
<br /> � lnstrument,appearing in coun.paying reasonable attorneys'fees and entering on the Property to make repairs.Although
<br /> Lcnder may take action under this paragraph 7.Lender does not have to do�o
<br /> Any amounts disbursed by I.ender under this paragraph 7 shall become additior.ai debt of Borrower secured by this n,
<br /> Setunty lnstrument.Unless Bortower and L.endcr aRrce to other tetms of payment,theSe amount+shall hc.0 mteretit fmm ��p�
<br /> the date af disbursemem at the Notc rate and chal) he payat�lr, w�th inlcre.t. up�m notice frnm Lender t�� i3��rrou•rr �t;
<br /> requesting payrnent. �
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