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__ I � . <br /> UNIFORM COVEN�NTS Borrowcr and Lendzr covenant and agree as follaws: ��+� �O� • �v <br /> � !. Paymtat of P�inclpal te�d teterah Prepayment etnd Ute Chargea. Borrower shall pramptly pay �vhen due <br /> thc principa!�f and intrrest on the debt cvidenccd hy the Nc�te aod any prepaymrnt and late charges duc under the Nntz. <br /> 2. Fund�for Taxes�a�ln:uraneo. Subjert to applicable law or io a writtGn waiver Gy Lender,8orrower shall pay <br /> ta Lender on the dag monthly p�yments are due under the Note,until tiie Note is paid in full.a sum("Funds")equal to <br /> one•twG1Rh of: (a?�yearly taxes and assessments which may attain priority over this Security lns�rument; (b) yeatly <br /> lasehadd payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly <br /> mortgsge insurance premi�ams,if any.These items are called'•escrow items."Lender may estimate the Funds due on the <br /> basis of current dxta and reasonable estimates of future escrow items. <br /> The Funds shall be held in an institution the deposits or accounts of 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 to pay the escrow items. <br /> Lender may not charge for holding and applying the Funds,analyzing the account or veritying the escrow items,unless <br /> i,ender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and <br /> : Lender may agree 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 he roquired to pay Borrower any intcrest or ea�nings on the Funds. Lcnder <br /> shall give to Borrower,withvut charge.an annual accounting of the Funds showing credits and debits to the Funds an�the <br /> purpose for which each debit to the Funds was madc.The Funds are pledged as additional security for the sums secur��by <br /> this Secwity Instrument. <br /> If tht amount of the F�rnds held by Lender.together with the future mo��hly payments of Funds payable prior to <br /> the due dates of the escrow items,shall exceed the amount required to pay the es�row items when due,the excess shall be, <br /> at Borrower's option,either promptly repaid to Borrower or credited to Borrower on monthlv payments of Funds. lf the <br /> aanount of the Funds held by Lender is not sufficient to pay the escrow items when due,Horro�•tr shall pay to Lerader any <br /> amount n�ry to make up the deflciency in one or more paymenu as required by Lender. <br /> Upon payment in full of all sums secured b�tbis Security lnstrament,Lender shall promptly refund to Bonower <br /> uiy Funds held by Lender.lf under paragraph 19 thc Property is sold or acquired by Lender,Lender shall apply,no later <br /> than immediatsly prior to the sale of the Property or its acquisition by Lender,any Funds held by Lender at the time of <br /> spplication as a credit against the sums secured by this Security Instrument. <br /> 3. Applicadoe of Paymenis. Unless applicable law provides otherwise,all paymentc received by Lender under <br /> paragraphs 1 and 2 shall bo applied:first.to late charges due under the Note;second,to prepayment charges due nnder the <br /> Note;third�to amounts payable under paragraph 2;fourth,to in2erest due;and last,to principal dGe. <br /> 4• �u�I.i�. Borrower shall pay aU taaes,assessments, charges, fines aad impositions attributable to the " " <br /> Property which may attain priority.over this Security Instrument, and leasehold payments or ground rents, if any. <br /> Borro�ver shaU pay these obligations in the manner providod in paragraph 2.or if not paid in that manner.Borrower shall <br /> pay them on time dirxtly to the person owed payment. Borrower shall nromntly furnish to Lender all nnric.�c nf A�„��..�� - <br />. co be paid under this paragraph. If Bonower makes these paymrnts directly,Borrower shall promptly furnish to Lender • ° <br /> receipts evidencing the paymrnts. - <br /> Borrower shall promptly discharge any lien which has priority over this Security lnstrument unless Borrower: (a) � — <br /> agras in writing to the payment of the obligation securad by the lien in a manner acceptable to Lender;(b)contests in good `� <br /> faith the liea by.or defends against enforcement of the lien in,legal proceedings ahich in the I.ender's opinion operate to .. � <br /> prevmt the enforcement of the lien or forfeiture of any part of tht Property;or(c)secures from the hofder of the lien an <br /> ageement satisfactory to Lender subordinating the lien to this Security Instrument.If Lender determines that any pari of �� <br /> the Property is subject to a lien which may attain priority over this Security lnstrument, Lender may give Bo�rower a ,� <br /> notiee idtntifying the lien.Borrower shall satisfy the lien or take one or mare of the actions set forth above within 10 days ' <br /> of the giving of notice. �� <br /> S. Har�rd Inaurance. Horrower shall keep the improvements now eaisting or hereafter erected on the Property <br /> insured against loss by fire,hazards included within the term"eatended coverage"and any other hazards for which Lender ' ' <br /> requires insnrance. This insurance shall be maintained in the amounu and for the periods that Lender requires. The 'h <br /> iasurmce carrier providing the insurance shal!be chosen by Borrower subjxt to Lender's approval which shall not be •.�r� <br /> unreasonably withheld. <br /> All insnrance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause. � <br /> Lender shall have the right to hold the policies and renewals.If Lender requires,Borrower shall promptly give to Lender <br /> all receipts of paid premiums and renewal notices.In the event of loss,Borrower shall give prompt notice to the insuranr,� <br /> carrier and Lender.Lender may make proof of loss if not made promptly by Borrower. <br /> Unless Lender and Bonower otherwix agree in writing,insurance proceeds shall be applied to restoration or repair <br /> of the Property damsged,if the restoration or repair is e+conomically fessible and Lender's security is not tessened. If the <br /> restoution or repair is not economically feasible or Lender's securiiy would be le.�.ssned, the insurance proceeds shall be <br /> applied to the snms securod by this Security Instrument.whether or not then due.with any excess paid to Borrower. If <br /> Borrower abandons the Property.or does not answer within 30 days a notice from Lender that the insurance carrier has <br /> offered to settte a ataim.then l.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 Stcurity Instrument,whether or not then dne.The 3U-day period will begin <br /> when the notice is givm. <br /> Unless Lender and Bonower otheraise agree 9n writing,any application of proceeds to principal shall not eatend or <br /> postpone the due date of the monthly paymes�ts referred to in paragraphs l and 2 or change the amount of the payments. If <br /> under paragraph l9 the Property is acquired by Lender.Borrower's�ight to any insurance policies and praceeds resulting <br /> from dsmage to the Praperty 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. Presenation and Msintenance of Praper�;I.easeholds. Borrower shaU not destroy,damage or substantial)y <br /> ch,ange the Property,allow the Property to deteriorate or commit waste. lf this Security lnstrument is on a leaseho3d, <br /> Borrower shall comply with the provisions of the lease,and if Borrower acquires fee title to the Property,the leasehold and <br /> fa title shall not merge unless I.ender agrees to the merger in writing. <br /> 7. Protection ot Leeder'a Rights in the Property; Mortgage Insur�ace. If Borrower fails to perform the � <br /> covenants ar.d agreements containsd in this Secunty Instrum�at,or there�s a icgal proceedirtg that may significantly affect �, <br /> �_ Lendet's rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws or <br /> rcgulations),tt�en Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's nghts ��.. <br /> m tht Property. I,ender's actions may include paying any sums secured by a I�en which has pnonty over th�s Security tD <br />' instrument,appearing m court,paying reasunable attorneys'fees and entering on the Property to make repa�rs. Although � <br /> Lendet may take action under th�s paragraph 7,Lender dcxs not have to dv so " �'� <br /> Any amoumc disbursed by l.cnder under th�s paragtaph 7 shall b�ecome additional debt of Borrnwer�ecured b�•this � � - <br /> Secunty Instrument UnleSS Borrower and l.ender agrce to other terms of payment,these amount��hall hear intere�,t from <br /> the date uf disbursemeni at the T�otr tate .�nd chall be payable. w��h mtete4t, upon not�ce frnm !ender tc� Ac�rr���tier <br /> request�ng payment <br />: � <br />