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<br /> jI � UNlFORR1 COVGNANTS Sorrow�r and Lendcr cavcnaat and agree as fullu«•�:
<br /> � 1. Payment ot Frincipal And Intercst;Prepayment �nd I.atc Char�es. Hi+rro��•rr +hall �rumptly pa�• a•hrn dur
<br /> CD the principa)ofand interest an thedcbt evidenced by the Note and any prepayment and latc chargr�dur under thr 1Vutr
<br /> � 2. Funds to�Taxes and Insurancc, Subjcri t��:►pplicahlr law ur Io:i a�ritten�vai�•rr hy l.ciutrr. l��uru�crr+l�all��a�
<br /> � �a Lcndcr on thc duy manthly paymem�urc due undcr thr Nutr, until the Natc is paid in full.a�um t"Nund."►ryu.�l i��
<br /> � p� ane•ttvetfth af: (a1 ycarly taxes und a�scssments whirh may atiaia pr�ority� o��e� this !irrurit; ln�tru�trnt: {h! ���:��I}
<br /> J kasrhold payrnrnts ar graund re�ats on the Pmpert�•. iP an��; (c) ��rarly harard insurance premiun�+; and ld) �rarl�
<br /> r mortgage insurance premiums, iP�ny.'1'hese items ure raUcd"escrow itrms." Lrndcr may rti�in�:ur�hc 1'►�ndti dur��n ih�
<br /> � basis aPcurrent dAtu and�easonable estimAtes��f futur�c�cr��w items.
<br /> The Funds shall be held in an institutian the depasits o�accounts af which ure in�ured��r guaranteed b}u frdrral ar
<br /> state agency (including Lender iP Lender is such an instilutinn). I.end�r�hall uppl�� the Funds�o p�y thr eecrur� it�rm,.
<br /> Lender may not charge far holding and applyi�g the Funds, analyziag Ihe acaiunt or verifying the ecrn���• itcros, unlr..
<br /> Lendet p�ys Barrower interes� an the Funds and upplicable law permits Lertder ta make such a rharge. B��rruN��;r and
<br /> Lender may agree in writing �hat interetit shall be pAid un the Funds. Unless an u�reement is mudr ar applicablc la��
<br /> requires interest to be paid,Lendar shull aot be required to pay Borrower Any interest or rarnings�n the Fundti. Lrnder
<br /> shul)give ta Rorrower.without charge,an annual aeraunting of'the Furtds showing creditti and drbitr ta thr Fund�and t}�r
<br /> pur�wse far which each debit ta thr Funds wAS made.'The Funds ure plydbed��uddi�ic�na)�ecurity far�he�um�securcJ b�
<br /> this Security lnstrument.
<br /> IPthe amount of the Funds held by Lender.together with the future manthly payments af Funds pa�•ablc priar t��
<br /> the due dates ai'the escrow items,shaU exceed the am��unt required ta pay the escrow items when due,the excess tihall br,
<br /> at Barrowe�'s aption,either promptly repuid ta Borrawer or credited to Horrower on monthly payments of Funds. IP the
<br /> amount of the Funds held by Lender is not suflicient ta�ay the e.craw itemc when due,Har�ower shull pay t��Lrndcr any
<br /> amount necessary ta make up the deficiency in une ar more pa�ments as required by Lender.
<br /> Upon payment in full oP ull sums secured by this Security Instrument, Lender Shall promp�ly refund to H��rro�►rr
<br /> any Funds held by l.ender. lf under paragraph 19 the Prapeny is sold or acquired by Lender,Lender shall upply,no later
<br /> than immediately prior ta the sale of the Property or its arquisition by Lender,any Fundti held hy Lender at thr timr nf
<br /> application as a credit against the sums secured by this Serurit�•Itmtrument.
<br /> 3. Application of Payments. Unless applicable law provides othenvise. all paymrnts recei��ed by� Lender under
<br /> para�raphs 1 and 2 shall be applied:first,to late charges due u�der the Nate;serond,tc�prepayment charges due under the
<br /> Note;third,to amounts payable under paragraph 2;fourth,to interest due;and lust.to principal due.
<br /> 4. Charges;Liens. Borrower shall pay all taxes,assessments;charges, flnes and impasitians attributahle to thr
<br /> Praperty which may attain priority.over this Security Instrument, and leasehold payments or ground rents. if any.
<br /> Borrower shall pay these obligations in the manner provided in paragraph 2.or ii'nat paid in that rnanner. Aorraw•er shall
<br /> pay them ott timc directly to the person owed payment.Borrower shall pramptly fe�rnish to Le�der al!naticc��f amount. �
<br /> to be paid under this paragraph. If Borrower makes these payments directly. Bonower shall promptly furnish to Lender
<br /> receipts evidencing the payment$. �
<br /> Bonower shall promptly discharge any lien which has priority over this Security Instrument uniess Horrower:(a) �
<br /> agrees in writing to the payment of the obligation secured by the lien in a manner acceptable ta Lender;(b)contests in g«�d �> .:
<br /> iaiin ine tien by�or deiends against enforcement of the iien in,legai proceedings wfiicn in[ne i.enaer`s opinion operate to - _
<br /> prevent the enforcement of the lien or forfeiture of any part of the Property;or(c)secures f'rom the holder of the lien an `
<br /> agreeme�t satisfactory to Lender subordinating the lien to this Secnrity Instrument.lf Lender determinrs that�ny part��f
<br /> the Praperty is subject to a lien which may attain priority over this Security Instrument. Lender may give Borrow-er a -
<br /> notice identifying tho lien.Borrower shal!satisfy the lien or take one or more of the actions set forth above within 10 day�s '—
<br /> of the giving of notica _
<br /> 5. Hazard lnsunnce. 8orrower shall keep the improvements now existing or hereafter erected an the Property =
<br /> insured against loss by fire,hazards included within the term"extended caverage"and any other hazards far which Lender ��
<br /> requires insurance. 7his insurance shall be maintained in the amounts and for the peric�ds that Lender requirc�.. The
<br /> insurance carrier providing the insurance shall be chosen by Borrower subject ta Lender's appraval whirh shall not be
<br /> unreasonably withheld. ,
<br /> All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause. k ,
<br /> Lendet shall have the right to hold the policies and renewals. If Lender requires, Borrower shall promptly gire to Lender
<br /> all receipts of paid premiums and renewal notices.ln the event of loss.Borrower sha11 give prompt natice to the insuranre ,
<br /> carrier artd Lender.Lender may make proof of loss if not made prompily by B�rrower.
<br /> Unless Lender and Horrower otherwise agree in writing,insurance proceeds shall be applied to restoration or re�air ::��
<br /> of the Property damaged,if the restoration or repair is e�canomically Peasible and Lender's security is nnt les�ened. If the
<br /> restoration or repair is not econo►nically feasible or Lender's security would be lessened, the insuranrc proceeds shall be . �
<br /> applied to the sums secured by this Security Instrument,whether or not then due,with any excess paid to Borroa•er. !f .
<br /> Borrower abandons the Property,or does not answer within 30 days a notice from Lender that the insurance rarrirr h3�
<br /> offered ta settle a claim.then ixnder may collect the insurance prnceeds. Lender may use the prcx�eed�t�repair��r rc�turr
<br /> the Property or to pay sums secured by this Security Instrument.whether or not then due. The 30-day prriod �cill begm
<br /> when the notice is given.
<br /> Unless Lender and Borrower otherwise agrce in writing,any application of proreeds to principal shall ni�t rxtrnc!��r
<br /> postjx���r t1�r ciurdate o}'the monthiy p�yments referred to in paragraphs i anA 1 ur rhange the amuunt uf thr pa��ment.. i!
<br /> under paragraph 19 the Property is acquired by Lcnder, Horrower's right to aRy insurance p�►liries and pruceeds rc,ulting
<br /> from damage to the Yroperty prior to the acquisition shall pass to Lender to thc extent af the tiums secured by thiti Securit��
<br /> Insttument immediately prior to the acyuisition.
<br /> 6. Preservation and lfaintenance of Properjy;I.easeholds. Borrower shall not destroy,damage ur,uhstantiall�
<br /> change the Property, allaw the Property to deteriorate ar commit waste. If this Securi�y Inytrument is on a lraxeh��ld,
<br /> Borrower shall comply with the provisions o1'the lease,and if Borcower acquires Pee title to thc Yrorerty,the leasehold and
<br /> fee tide shall not merge unless Lender agrees to the merger in writing. ;---__----
<br /> 7. Protection of Lender's Rights in the Property; Mortgage Insurance. If Aorr�wer Pails to perform thc •
<br /> eovenants and agreements contained in this Security lnstrument,or therr is a legal praceeding that may significantl��affcct �
<br /> Lender's rights in the Praperty (such as a proceeding in bankruptcy, probate, for condemnation or [o enfi�rce law, nr '
<br /> regulations),then Lender may do and pay Por whatever is neressary to protect the value o1'thc Property and Lendcr'ti ri�hts �
<br /> in the Property. Lender's actions may include paying any sums secured by a lien which has priority o�•cr this Sccurity
<br /> Instrument,appearing in court,paying reasonable attomeys'fees and entering an ihe}'roperty to make rrpair.. Although ��
<br /> L Lender may take action under Ihis paragraph 7,Lender does not have to do so. �
<br /> Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrowrr secured b�•thi+ `
<br /> Security lnstrument.Unless Borrowei and Lender agree to other terms of paymcnt,these amounts shall bear interetit frc�m �
<br />, the date of disbursement at the Note rate and shall hc pay�able, with intcrr�t, upon nc�tirr frnm Lender to B�rr���.rr
<br /> co�requesting payment. �y
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