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<br /> UNIFUR!N CV�'F.NANTS f�arrowcr and Lender covenant und agree.ir fullrnti�s:
<br /> ��-� 1as�o6
<br /> 1. Payntent o!P�incipal And interesh. PrepAyment And Ls�te Charges. Barr��ti�er shall promptly pay u•hcn due
<br /> the principul af and interc�t on the debt evidenced by the Note and any prerayment and late charFec due under the N�te.
<br /> �. �unds fer Ta�es nns!l�sse+rnnce. S�Dject to applicablc law or to a���ritten w•aiver hy Lender.H�rrower shall pay
<br /> � to l.ender an the day mo�thly payments are duc under the N�te.until thc Notc is puid in Pull,a sum("F'unds")equAl ta
<br /> ane-taelRh af: (a) yeariy taaes and asscssments which may attain priority over this Security Instruntent; @) yearly
<br /> teasehold payments or ground rents an the Prapert�. if any; (o) yearly hAZard insurancc premiums; and (d) yearly
<br /> mortgagt insurancc premiums,i!'any.Thece items ure called"escrow items."Lender mny estimate the Funds due on thc
<br /> basis of current data and rexsonable astimates oSPulure escrow items.
<br /> The Funds shall be held in an institution the deposits ar accaunts af which are insured or guaranteed by a Pederal ar
<br /> state agency(including Lender if Lender is such an institution). Lender shall Apply the Funds ta pay the escraw items.
<br /> Lender may nat charge fbr holding and applying the Funds,analyzing the account or verifying the escrow items,unless
<br /> Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a chArge. Bor�ower and
<br /> Lender may agrce in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br /> rcquires interest to be paid,Lender shall not be required ta pay Bonawer any interest or earnings an the Funds. Lender
<br /> shall give to Horrower.without charge,an annual accounting osthe 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 far the sums secured by
<br /> this Security]nstrument.
<br /> If the amaunt of the Funds held by Lender,together with the future monthly payments af Funds payable prior to
<br /> the due dates of t�ae escrow items,shall exceed the amount required to pay the escrow items when due.the excess shall be,
<br /> at Borrower's opdaon,either promptly repaid to Bonower or credited to Borrower on monthly payments of Funds.IP the
<br /> amount of'the Funds held b� Lender is not sutTicient to pay the escrow items when due.BorroK er shall pay ta Lender any
<br /> amount necessary to make u�rthe deficiency in one or more payments as required by l.ender.
<br /> Upon payment in ftill of all sums secured by this Security Instrument,Lender shal)promptly refund to Horrower
<br /> � any Funds held by I.ender. If under paragraph 19 the Property is sald or acquired by Lendcr.Lender shall apply,no la�er
<br /> than immediately prior ta the sale of the Property or its acyuisition by Lender,any Funds held by Lender at the time af
<br /> app9i�ation as a credit against the sums secured by this Security Instrument.
<br /> 3. Applicadon of Psyments. Unless applicable law provides otherwise.all payments received by Lender under
<br /> paragraphs 1 and 2 shall be applied:first.to Iate charges due under the Note;secand,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. Cliarges;Llena. Borrower shall pay all taxes,assess�eats.charges,fines and impositians attributable to the
<br /> Propetty which may attain priority.over this Security Instrument, and leasehold payments or ground rents, if any. .
<br /> Horrower shall pay these obligations in the manner provide�in paragraph 2.or if nat paid in that manner,Borrower shall
<br /> pay them on time directly to the person owed payment.Borrower shall prompt9v$arnish to Lender all notices of amounts �
<br /> to be paid under this Faragraph.If Borrower makes these payments directly,Borrower shall promptly furnish to Lender
<br /> receipts evidencing the payments. �
<br /> Rnrr��ypr c�all nrmm�tiv riicchar�e any lien which hac nriority�ver thic S�eenrity Instrument unless Eonnwer:(al ' �='
<br /> agrees in writing to the paym�nt oP the obtigation secured by the lien in a manner acceptable ta Lender;(b)contests in good
<br /> faitb 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 oi'the Pr�perty;or(c)secures from the holder of the lien an �
<br /> agreement 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 Security Instrument, Lender may give Borrower a •
<br /> notice identifying the lien. Borrower shall 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. Hazard Inanraece. Borrower shall kcep thc improvements now existing or hereafter erected an the Psoperty
<br /> insured against loss by fire,hazards included within the term"extended coverage"and any other hazards for which I,ender
<br /> , requires insurance. This insurance shall be maintained in the amounts and for the periods that l.ender requires. 'I'he
<br /> insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be �
<br /> unreasonably withheld.
<br /> Al)insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br /> I.ender sha11 have the right to hold the policies and renewals. If Lender requires,Borrawer shall pramptly give to Lender
<br /> all roceipts of paid premiums and rezewal notices.In the event of loss,Borrower shall give prompt notice to the insurance ;;�:
<br /> camer and I.ender.l.ender may make proof of loss if not made promptly by Borrower. �� �
<br /> Unless Lender and Bonower otherwise agree in writing,insurance proceeds shall be applied to restoration or repair
<br /> of the Propeny damaged,if the restoration or repair is economically feasible and Lender's security is not lessened.If the
<br /> restoration or repair is not economically feasible or 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 Borrawer. If �
<br /> Borrower abandons the Property.or dces not answer within 30 days a notice from Lender that the insurance carrier has
<br /> offerad to settle a claim.then I.ender 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 /> • whezi the notice is given.
<br /> Unless I.ender and Bosrower otherwise agree in writing,any application of proceeds to principal shall not extend or
<br /> postpone the due date of the manthly pay ments referred to in paragraphs 1 and 2 or change the amount of the payments.li'
<br /> under paragraph 19 the Property is acquired by Lender,Borrower's right to any insurance policies and pra:eeds resulting
<br /> from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security
<br /> Instrument immediately prior to the acquisition.
<br /> 6. Preservation and Maintenance ot Property;Leasehotds. Borrower shall not destroy,damage or substantially
<br /> change the Property. allow the Property to deteriorate or commit waste. lf this Security lnstrument is on a leasehold, ,______-__
<br /> Borrower shall comply with the provisions of the lea�e,and if Borrower acquires fee title to the Property,the leasehold and .
<br /> fee title shall not merge unless I.ender agrees to the merger in writing.
<br /> 7. Protectton ot Lender's Rights in the Property: Mortgage Insuranee. If 8orrower faila to perfbrm the :
<br /> covenants and agreements contained in this 5ecurity lnstrument.or there�s a Iega1 proceeding that may significantly affect i
<br /> Lender's rights in the Property (such as a proceeding in bankruptcy, probate. for condemnation or to enforce laws or
<br /> regulatioas),then Lender may do and pay for whatever is necessary to protect the value of t he Property and Lender's rights M
<br /> � in the Property. Lender's actions may include paying any sums secured by a lien wh�ch has prionty over this Srcurity •
<br /> Instrument,appearing in courl,paying reasonable attorneys'fees and entenng on the Property to m:►ke repa�rs. Although
<br /> Lender may take action under this paragraph 7.Lender dces not have to do so.
<br /> Any amounts disbursed by I.endet undet thiti paragraph 7 shall hecome additi�nal debt of H�rmwrr�ecured by th�< <`►
<br />_ Security Instrument. Unlesc Horrower and Lender agrec tu ather term�c�E'paymcnt.�he4e.+me�untti tihall hear mtcre�t fn�m ���
<br /> the datt �f dtisbutcrmcnt at thc Ns�tc ratc :�nd chatl tsc pay.�ble, K�th mtcrc�t. upcin nntirc fr��m 1 cndcr tas Rnrr�iw�cr -„?!
<br /> reyurtiung rayment ,. ..
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