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<br /> UNIFORM Cov�N�NTS. Borrower and Lender covenant and�gree xs follows: ; 89--- 10 6 5 3 9
<br /> � i. Paye�e�t of Principal�d Intere� Prelwyweet and Lte�hh�rges. Harrower shall prompily pav when due
<br /> the prin�ip�l of�nd interest on the debt evidenced by the Note a�d any prepayment and late charges due uadtr the Note.
<br /> I. Fund�1'or`I'axa�d Insarante. 5ubja:t to�ppliutble law or to a written waiver by Lendcr,Borrow�r shaU pay
<br /> ta Lender on the day manthly p�yments�re due under the Note.until the Nate is psid in full,a sum("Funds")equal to
<br /> onatwelfth of (a�y�arly uaes and assessments which may Attain priority over this Security Instrument; (b) yearly
<br /> lasehold psyments ot ground tents on ihe Property. if any; (c) yearly hazard insurence premiums; and (d) yearly a
<br /> mort�sge insurance premiums,if Any.These items sre called"escrow items."Lender may estimate the Funds due on the
<br /> buis of current dsta and reawnable atim�tes of future escrow items.
<br /> The Funds shall ba held in an institution the deposila or�ccounts of which are insured or guaranteed by a federa!or
<br /> atate a�ency(including Lender if Lender is such an institution). I.ender shall apply the Funds to pay the escrow items.
<br /> l.endsr msy not chuge for holding and applying the Funds.anslyzing the account or verifying the escrow items,unless
<br /> Lender psys Borrower intareat on the Funds and spplicable law permits Lender to make such a charge. �orrower and
<br /> � Lender msy agra in wrlting that interat shall be paid on the Funds. Unless an agrament is made or applicable law
<br /> requires interat to be paid, Lender sh�ll not be required to pay Borrower any interest or eurnings on the Funds. Lender
<br /> � shall give to Borrower.wlthaut charge,an annual�ccounting 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 Sacwity lnstrument.
<br /> If the amount of the Funds held by Lender�together with the ti�tnre monthly p�yments of Funds psyable prior•to
<br /> the due dates of'the escrow items,shdl eacad the amount requirod to pay the escrow items when due,the eaau shall be,
<br /> at Borro�ver's option,eitber promptly repAid to Bonower or credited to Barrower on monthly payments of Funds.If the
<br /> smount of t6e Funds held by Lender is not sufficient to psy the escrow items when due,Horrower shall pay to L.ereder any
<br /> � unount necasary to make up the de8ciency in one or more paymenu as rcquired by Lender.
<br /> Upon payment in fiiA of a11 sums secured by this Security Instrument,Le�der shall promptly refund to Borrower
<br /> any Funds held by I.ender.If under paragraph 19 the Property is sold or acquired by Lender,Lender shall apply.no later
<br /> than immediately prior to the sale of'the Property or its acquisition by Lender,any Funds held by Lender at the time of
<br /> application as a credit aaainst the sums secured by this Security Instrument.
<br /> 3. ApMliqdoa ot Payments. Unless applicable law provides otherwise,all payments received by Lender under
<br /> puragraphs 1 and 2 shall be applied:fiist,to late charges due under the Note;second,to prepayment charges due under the ,
<br /> Not�third,to amouats p�yible under paragraph 2;fourth,to interest due;and lut,to principal due.
<br /> 1. Q�e�e�Liear. Borrower shall psy all wces,asussments,charges,lines and impositions attributable to the '
<br /> Praperty �vWch may attain priority,over this Secwity Inswment. and leasehold payments or ground rents, if any.
<br /> BornoMer ahall pay thex obligations in the mu�ner provided in puagraph 2,or if not paud in that manner,Borrower shall �
<br /> pRy thera on time directly to the petson owed payment.Borrower shall promptly furnish to Lender all notices of amounts ' ��`F
<br /> io ot paia wfdtr t11is para�raph.If Honower makes these p�yments dirxtly, Borrower shall promptly furnish to Lender _ _
<br /> t+xeipts evidmcing the psyments.
<br /> Hortow►er shaA promptly discharge any lien which hu priority over this Security Insirument unlas Borrower:(a)
<br /> agra.t in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender,(b)contats in good =
<br /> faith the lien by,or defends against eaforcement of the lia�in,legal proceedings which in the Lender's opinion operate to �
<br /> prevant the mforcement of the Iien or forfeitwe of any part of the Property;or(c)secures from the holder of the lien an
<br /> agramrnt satisfactory to Lender subordinating the lies to this Security Instrumen�If Lender determines that any part of ��—
<br /> the Property is subject to a lien which may utain priority over this Secwity Instrument, Lender may give Bo�trower a
<br /> notice identifying the lien.Borrower shaU sstisfy the lien or take one or more of the actions set forth above within 10 days
<br /> of the giving of notice.
<br /> �. Harard Liwranee. Borrower shall kap the improvcments now exisring or hereafter erxted on the Property � �
<br /> insured against loss by 6re,hazards included within the term"exttnded coverage"and any other hazards for which Lender ,�
<br /> roquires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requira. The ;
<br /> insursnoe carrier providing the insurance sball be chosen by Borrower snbject to Lender's approvail which shall not be • �
<br /> unrea:onably withheld. s
<br /> All insurance policiea and renewais shall be acceptable to Lender and shall include a standard mortgage clause. i��'�
<br /> Lender ahaU have the right to hold the policies and renewals. If Lender requires,Bonower shall promptly give to Lender � � ;
<br /> aU raceipts of paid premiums utd renewal notices.In th�tvcnt of loss,Horrower shall give prompt notice to the insurance •
<br /> . carrier and Lender.Lender may make proof of loss if not made promptly by Bonower. •
<br /> Unless Lender and Borrower otherwise agree in writing,insurance procads shall be applied to ratoration or repair
<br /> of the Pr�operty damsgad,if the resWntion or repair is economically fwsible and Lender's socurity is not lessened. V the
<br /> ratorarion 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 Instrumrnt�whether or not then due,with any excess paid to Borrower. If
<br /> Boarnver abandons the Propaty,or does noi answer within 30 days a notice from Lender that the insurance carrier has
<br /> . � o�'erod to aettle a ctaim,then Lender may coitect the insurance proceads.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.Tiu 30�day period will begin
<br /> � �vhen tbe notice is given.
<br /> Unkss Lender and Borrower otherwise agree in writing,any applicatioa of proeeeds to principal shall not extend or
<br /> postpona the due due of the monthly payments referrod to in pamgraphs 1 and 2 or change the amount of the payments.If
<br /> under paragraph 19 the Property is acquired by Lender,Botrower's right ta any insurance policies and proceeds resulting
<br /> from damsge to the Propetty prior to the acquisition shall pass to Lrnder to the extent of the sums secured by this Secvrity
<br /> Instrument immediately prior to the acquisition. �----`--`
<br /> 6. Preun�tion aad Maiateew�ce of Propert�;I,eate6olds. Borsower shall not destroy,damage or substantielly
<br /> change the Property,allow the Property to deteriorate or commit waste. If this Security Instrument is on a leasehold. �
<br /> Borroaer shall comply with the provisions of the lease,and if Horrower 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. Protectio� ot Lender': Ri�hhb ie the Propeety; Mort�age In�nnce, lf Borrower fails to perform the
<br /> covenants snd agreements contained in this Security Instrument,or there is a legal proceoding that may signiAcantly affect �
<br /> t Lender's riahts in the Propeny (such as a proceeding in bsnkruptcy. probato, for condemnation or to enforce laws or
<br /> L re�ulations),then Leader may do and pay for whatever is necessary to protect the value of the Propeny and Lender's rights
<br /> in the Property. Lender's actions may include paying any sums secured by a licn which has pnonty over this Sccurity �
<br /> 1nNrument,appearing in court, paying rsasonable attorntys'fees and entenng on the Propeny to make repairs. Although �p
<br /> Lender may take action under this paragraph 7,Lender does not have to do so. ��
<br /> Any amounts disbursed by Lender under this paragraph 7 shall become add�tional debt of Borrower s�cured by this ��'
<br /> Security lnstrument.Unlcss Borrower and Lender agree to other terms of payment,these amountc shall bear mterest from '' '�
<br /> the date of disbursement at the Note rate and shall be payable, w�th intaes�, upon notice frnm Ltndcr to Ror�ower
<br /> request�ng payment
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