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.:.T� _ . __�...—�.�,_.: _.�! -'�: _�„� _ - I � ��-- 14�793 �� UNiFOtuf CovEN�ivti's. Bonower end Leoder covenant and agree as foilows: 1, Pe��t �t priNCio�1 ��a i�ten�1; Prep�Yaeat ��d i.�te Cli�ei. Sonawer shalt promptty psy when due the pflncipal of�nd intexe�t on the debt evidertced by the Note and any prepayment and late ciwses due u�der the Note. � 2. Eti�tor Tua ud f�wes�ee. Subject to applica6le law or to a wRtten w�iver by Lender� Bon�ower shatl pay to ` l.cnder on the day monthly psymsnts ue dut under the Note, until the Note 1� F�d � fnll. a��am ("Funds")equ�i)ta ane- � [welfih of: (s) yarly trace� �nd usesaments which may attdn prlarity over thla SecurIty instrument; (b) yarly lauehol� i � payments or �round rents on the Propeny, ii any; (c) yearly hazard insuraace premium�; and(d)yexrly morijs=e insurance . ! premiums. if any. These ltem.+ ue caUed "escrow itenu." Lender may estimAte the Funda due on the basis of current data ! and rasonabk atlmates of future escrow ltema. � The Funds sh�ll be held in an institutlon the deposits or accr+unts af which are iruured or�uuanteed by s federal or n�te aAency(includia�Lender if Lender is such an institution). Lender shaA apply the Funds[o p�y the escrow itema.Lende� � msy not charae for holding and applying the Fund�, an�iyzing the account or verifying the escrow itema� unless Lend�r psys Borrower interest on the Funds And applicable law permits Lender to make such a charge. Bonower and Lender m�►y p�ra in I� writing that interest sha11 be paid on the Funds. Unless an agreeraent ls made or applicabte law requires interest to be paid, Lender shall not be required td pay Boaower any interest or earnings on thr Funds. l.ender shall give to Borrower. without � charge, an annual accounting of ehe Fun�s showing credits and debits to the flmds and the putpose for which esch debit to tfit Funds was made. The Funds are plcalge@ as additional security for the sums secured by this Secudty Instrument. If the amount of the Funds held by Le�der, together with the future monthly paymonts of Funds payabte prior to the due dates of' the escrow items, shall exceed the amount required to pay [he escrow items when due, the excess shaU be, at � Bonc+wer's option, either promp4ly repaid to Borrower or credited on monthly payments of Funds. If the amount of the iFunds held by Lertdsr is nat sufficient to pay the escrow items when due, Bo�iower shaU pay to Lender any amount ne^essxry to make up the deficlency in one or more payments as required bv Lender. � Upon payment in fuU of all sums secured by this Secwity lnstrument. Lender shall promptly refund to Borrower any � Funds held by 4ender. If under paragaph 19 the Property is sold or acquired by Lender, Lender shall xpply, no later than � immediately prior to the sale of the Property or its acquisition by Lender. any FuRds held by Lender at the time of appllcation as a credit agsanst the sums secured by this Security Instrument. i 3. Applkadoa ot P�ytaeav. Unless applicable law proridea otherwise, all payments reaived by Lender under ; paragraphs 1 and 2 shall be applied: first, to lato charges due under the Note; second. to prepayment charges due under the Note; thlyd. to amounts payable under paragraph 2; fourth. to interest due; and tast, to principal due. ' i �. Cbar�a: Len�. Bonowet shaU pay all taues. assessments. charges, fines and impositions attdbutable to the � Property which may attain priority over th9s Secu�lty Instnunent. and lessehold payments or ground rents, if any. Borrower Ishall pay these obligations in the manner provided in paragraph 2. or if not paid in that mat�ner. Borrower shall pay them on , r�m��lirrctly tc the nercnn owed nayment. Sorruwer shall Qroraptiv furnish to Lender all notiets of amounts t0 be pald under !_ this paragraph. if Bonower makes these payments directty. Borrower shall pramp8y furnish to Lender receipts evidencing the ' payments. Borrower sha1) promptly discharge any lien which has priority over this Security Instrument unless Bonower: (a)agrees , in writing to the payment of the obllgation secured by the iien in a manner acceptable to Lender; (b)cantests in good Eaith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent - � the enforcement of the lien of forfeiture of any part of tht Property; or (c) secures from the holder of the Uen an agrament _ satisfactory to Lender subordinating the lien to this Security lnstrument. if Lender determines that any part of the PropeRy is ; �._ subject to a llen which may attain priority over this Security lnstrument. Lender may give Borrower a notice identifying the l� lien. Borrowet shall utisfy the lien or taice one or more of the actions set forth above within 10 days of the giving of notice. ' ; S.H�cd ina�a�a. Honower shall keep the improvements now exlsting or hereafter erected on the Property insured a�ainst loss by fue. hazuds includod within the term "extended wverage" and any other hazards for which Lender require� t insurance. This inaurance shall be maintained in the smounts and for the periods that Lender requires. T6e insurmcs cerrier + S' providiag the insvrance shall be chosea bgr Bonower subject to Lender's approvai which shall nut be unreasonably withheld. �; , AU insurance policia and nnewa➢s shall be acceptable to Lender and shali include a standard mortgage clanse. Len�er f shal] have the right to hold the policies and renewals. If Lender requ�rts. Borrowrr shall promptly give to Lendev all receipts ,�; of paid premiums and renewal notices. In the event of loss, Bonowtr shall give prompt r.otice to the insurance carrier and .� •� Lender. I,ender �ay rnake proof ot loss if �ot made promptly by Borrower. Unless Lender and Bonower otherwise agree in writing. insurance proceeds shal! be agplied to restoration or repair of the Property damaged. if the restoration or repair is economicalty feasible and Lender's security ic not lessened. If the restoration or repair is not economically feasible or Lender's security would be tessened. the insurance proceeds shall be appiied to the sum aecured by this Security lnstrument. whether or not then due, with any excess paid to Borrower. If Bonowu abandans the Propeny, or does not answer within 30 days a notice from Lender that tht insurance carr�er has offered to settle a"claim, then Lender may collect the insurance proceeds. i.ender may use tht proceeds to repair or restore the Praperty or co pay sums secared by tris Secusity Enstrumens. shdher or nas thea d�.. �e 30•day pereod wil!begin�vhen ' the notice is given. ( Urtless Lender and Bonower otherwise agra in writing, any application af Droceeds eo principa€ shall not extend or � postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments. lf under paragraph 19 the Property is acquired by Lender. Bonower's right to any insurance policies and proceeds resulting from damage to the Propeny prior tu the acquisition shall pass to l.ender to the extent of the sums secured by this Security Instrument immediately prior to the acquisition. � 6. Pre�erv�tion �nd Maletenaace ot Property; Leasebolda. Borrower shall not destroy, damage or substantially change the Propetty, allow the Propeny to deteriorate or cammit waste. if this Security instrument is on a leasehold, Borrowu shall `--`�-" cumpty with the provisions of the lease,and if Borrower acquires fee title to the Propeny, the leasehold and fce title shall not � merge unless Lender agrces to the mCrger in writing. � 7. Rrotectlon of LeeAer•s R1gAb Is t6e Property;Motigage Insurance. lf Borrower fails to perfosm the covmants and ageements contained in this Security Instrument, or there is a legal proceeding that may significantly affect Ltndtr's tights in ' the Property (such as a proceeding in bankruptcy� probate; for condemnation or to enforce laws or regulations). then Lender ' may 8o and pay for whatever is n�cessary to protect the v�lue�of the Property and Lender's rights in the Property. Lender's • N _ � �ctions may include paying any sums secured by a litn which has priority over this Security Instrumenl, appearing in eourt. � ptying reasonable attorney's fees and entering on the Pro�eny•to make repairs. Althvugh Lender may take action under this - paragrapb 7 l,ender does not havr. to do so. Any amounts disbursed by i.ender under this paragraph 7 shal! become � -°�. additional debt af i3orrower cecure0 by this Security Instrument. Unless Borrower and I.ender agree to other terrns af � '___:� b�yrnrnt, ti�tsr amuut�ts sLait bear interest from the date of disbursement at !he Noie ratc and tihall oe payahle, with �ntcrest, ��%� =