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<br /> UNIFORM COVE4ANTS Horrawer und Lender cavenant nnd agre�us falla���ti: $9-- 10 6'�3 5
<br /> 1. !'wyment af PrincipAl wnd Intereat; ArepAy ment and Late Chargcs. HarrO�cer shall prumptiy� pay when due
<br /> the principul oPand interest an ehe debt evidenced by the Note and uny prepayment�ind late charges due under the Note.
<br /> 2. Funds[ar Taxes and Irtsuranee. Subject to apFlicable laH•or to a+vritten a�ai�cr b�•Lender.Horc���vcr shall pa�•
<br /> � to Lender on the day monehl} payments are due under thc Note, until the Note ic�aid in full, a sum("Funds')equal to
<br /> ane-twelPth nf: (n) yearly taaes und assessments �vhich muy attnin priority o�•er this Security Instrument; (b) yearly
<br /> leasehold payment� or graund re�ts on the Property, it'any; (c) yearly hazard insuranee premiums; and (d) yearly
<br /> mortgage insurance premiums, if any. Thrse items are cAlled"escrow items."Lender may estimate the Funds due on the
<br /> basis af curnnt data uncl reasonabteostiniates of future escrow items.
<br /> The Funds shall be held in an institution the deposits or accaunts of which are insured or guuranteed by p federal ar
<br /> state agency(including l.ender iP 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 accaunt ar verifying the escrow items,unless
<br /> Lender pays Barrowe� interest on the Funds and applicable law permits Lender to make such a churge. Borrawer and
<br /> Lender may agrce in writing that interest shall be paid on the Funds. Unless un agreement is made ar applicable law
<br /> requires interest to be paid,Lender shall not be required to pay Horrower any interest or earnings on the Funds. Lender
<br /> shall give to Borrower,without charge,an annual accounting of the Funds sho�ving 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 Por the scros secured by
<br /> this Security Instr�enent.
<br /> IPthe amount of the Funds held by Lender.together with the fature monthly payments of Funds payable prior to
<br /> the due dates of the escrow items,shall exceed the amount required to pay the escrow items when due,the excess shall be.
<br /> at Borra.►wer's oution,either promptly repaid to Bonower ar credited to Borrower on monthly payments of Funds. lf the
<br /> amouc�t of'the Funds held by Lender is not sufficient to pay the escrow items when due,Borrower shall pay to Lender any
<br /> amount�ecessary to make up the deflciency in one or more payments as required by Lender.
<br /> Upon payment in fal)of all sums secured by this Security lnstrument,Lender shall promptly refund to Horrower
<br /> any Funds held by Lender.If under paragraph l9 the Praperty is sold or acquired by Lender.Lender shall apply.no later
<br /> than immediatelv priar�o the sale of the Property or its acyuisition by Lender,any Funds held by Lender at the time af
<br /> application as a credit against the sums secured by this Security lnstrument.
<br /> 3. Applicatdon of Payments. UnBess applicable law p*ovides otherwise,all payments received by Lender under
<br /> paragraphs 1 and 2 shal)be applied:flrst,to late charges due under the Note:second.to prepayroent charges due under the
<br /> Note;third,to amounts payable under paragraph 2;fourth,to interest due;and last,to principal due.
<br /> ' 4, C7�arges;Liens. Bo�ower shal)pay all taxes,assessments,charges,fines and impositions attributable to the
<br /> Property which may attain priority.over this Security Instrument, and leasehold payments ar gronnd rents, if any.
<br /> Bonower shaU pay these obligations in the manner provided in paragraph 2,or if not paid in that manner,Borrower s;�all '
<br /> ' pay them on time directly to the person owe�d payment.Borrower shall promptly furnish to Lender a!1 notices of amounts
<br /> to be paid under this paragraph.IF Bonower makes these payments directly,Borrower shall promptly furnish to l.ender ,
<br /> receipu evidencing the payments. t .
<br /> Borrower shal)promptly dissharge any lien which has priarity over this Security Instrument unless Borrower:(a) ; �. '
<br /> . . . .a•.._.: . ,. . • a
<br /> = �.fy'i°vw 1ii'.::;Ziiib•a•�S°v'tY'i.3'ii'i�Tit Of s}it iiv�i�aaaa'33i S��i3ia.L�zali si3�li�'s��.:.a�sr�cr a:�c:pi8v���t3�.a.it�Ci'��'i3 CtTitwtS ii��vina
<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 pan of the Propeny;or(c)secures from the holder of the lien an � �
<br /> agrament 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 priarity over this Security lnstrument, Lender may give Borrower a K
<br /> , notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days �6--
<br /> of the giving af notice. ` �
<br /> S. Nsizard Insurance. Borrower shall keep the improvernents now existing or hereafter erected on the Property "
<br /> insured against loss by fire,hazards included within the term"extended coverage"and any other hazards For which Lender
<br /> requires insurance. This insurance shal) be maintained in the amounts and for the periods that Lender requires. The
<br /> insurance carrier providing the insurance shall be chosen by Borrov�er subject to Lender's approval�vhich shall not be r
<br /> unreasonably withheld. i
<br /> All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause. ...�
<br /> I.ender 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 r�newal notices. In the event of'loss.Borrower shall give prompt notice to the insurance
<br /> carrier and I.ender.I.ender may make proof of loss if n�t made promptly by Borrower. ,-�`
<br /> Unless Lender and Borrower otherwise agree in writing.insurance proceeds shall be applied to restoration or repair
<br /> of the Property damaged,if the restoration or repair is economically feasible and Lender's security is not lessened. If the
<br /> restoration or repair is not econoniically 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 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 settle a elaim,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 Security Instrument,whether or not then due.The 30-day period will begin
<br /> when the notice is given.
<br /> Unless Lender and�o:rawe:othervi;ise agree in writing,any applicatioss of pracccds to principal shal!not eztend or
<br /> postpone the due date of the monthiy payments referred to in paragraphs 1 and 2 or change the amount of the payments.lf
<br /> under paragraph 19 the Property is acquired by Lender.Borrower's right to any insurance policies and proceeds resulteng
<br /> � from damage to the Property prior to the aequisition shall pass to L.ender to the extent of the sa�ms secured by this Security
<br /> Instrument immediatel9r prior to the acquisition.
<br /> 6. Preservation and Maintenance of Property;Leaseholds. Borrower shall not destroy.damage or suhstantially
<br /> change the PropeRy,allow the Property to deteriorate or commit waste. If this Security Instrument is on a leasehold,
<br /> Borrower shaU comply with the provisions oS'the lease,and if Horrower acquires fee tiUe to the Property,the leasehold and %" _-- `
<br /> fee title shall not merge unless Lender agrees to the merger in writing. '
<br /> �� 7. Protection ot Lender's Rights in the Property; Mortgage Insurance. ]f Borrower i'ails to perform the ,
<br /> covenants and agreements contained in this Security Instrument.or there is a legal proceeding that may significantly aff'ect ,
<br /> Lender's rights in the Property lsuch as a proceeding in bankruptcy, probate, for condemnation or to enforce law� or �
<br /> regulatians).tlien Lender may do and pay fbr whatever is necessary to protect the value of the Property and Lender s rights �
<br /> in the Property. Lender's actions may include paying any sums secured by a lien which has priority�over th�s Security �
<br /> � lnstrument.appearing in court. paying reasonable attorneys'fees and entering on the Property to make repairs. Although �+
<br /> Lender may take action under this patagraph 7.Lender does nat have to d�so.
<br /> � Any amounts disbursed by Lender under this paragraph 7 shall becnme udditional debt of Hormwer secured by this '�
<br /> �� Secunty Instrument.Unletis gvrrower and Lender agree to�ther terms of rayment,the�e amnuntc�hall hear�ntere�t frc�m ~
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<br /> -- �- the date of disbunement at thr 'Vute rate and �hall he pny�.ible, with intcretit. u�on ni�ttcr fmm Lender tc� Bnrro«er t��
<br /> "' reyue+hng paymcnt. , ` c°
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