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<br /> UNIFORM CovF.NnNTS l3orrower a�d Lender covenant and agree.i�foUa���: ��� "o��`��
<br /> 1. Ppyment of P�incipal and lnterest;Prep�yment and Latc Ch�w��es. Borro�ti�rr shu11 prrmptl�•pa�• «•hrn 3uc
<br /> the principal aPand interest an the debt evidenced b��the Note and any prepa}•nient and late charFes due under ihe Nate.
<br /> 3. �un�far'd's�:9°S!��!!50lP.flCf'. Cahj�ct t�a�piicahle la��•ur to a���ntten wa���er hY l-�nder,Borrawer tihall pa�
<br /> to Lcndcr an the clay nionthly payments are duc undcr the Note,until the Notc is paid in Pt�ll,a�um("Funds")cyual �o
<br /> � one-tRelfth of: (a) yearly taxes and assessments which may attain pnorita� o�e� this 5ecurity Instrumeot; (6) yeurly
<br /> IeASehold payments �r ground rents on the Property, if any: (c) ?�earl� hazard insuranre preiniums; nnd (d) ycnrty
<br /> mort�age insurance premiums,if uny.These items Are called"escrow items."Lender mny etitimate the Funds due on the
<br /> bs+sis of curccnt data and reasonable estimates of future escrow items.
<br /> The Funds shall be held in an institutian the depasits or accounts of w hich are insured ar guaranteed by a federal or
<br /> state agency(including Lender if Lender is such An institution). Lender sh�ll apply the Funds to pay the escra�v items.
<br /> Lender may not churge for holding and applying the Funds,analyzing the account or�•erisying the escrow items, unless
<br /> Lender pays Horrower interest on the Funds and applicable law permits Lender ta make such a charge. Borrower and
<br /> I.ender may agree in writing that interest shall be paid an the Funds. Unless an agreement is made or applicable law
<br /> requires interest to be paid, Lender shall not be required to pay Hanow�r any interest or earnings on the Punds. Lender
<br /> shal)give to Bonower,without charge,an annual accaunting of the Funds showing credits and deb�ts to the Funds and the
<br /> purpose fbr which ench debit ta the Funds was made.The Funds are pledged as additional security for the sums secured by
<br /> this Security Instrument.
<br /> lf the amount of the Funds held by Lender,together with the future monthly payments of Funds payable prior ta �
<br /> the due dates of the escrow items,shall exceed the amount required to pay the escrow items when due,the excess shal!be,
<br /> at Bonower s option,either promptly repaid to Bonawer or credited to Barrower an monthly payments af Funds.lf the
<br /> amount of the Funds heid by Lender is not sufficient to pay the escrow items when due,Borrower shall pay to Lender any
<br /> amount necessary to maice up the denciency in wie ur�„u,e payu�CUi�a��cyui.�d by L.:ndcr.
<br /> L�pon payment in full of all sums secured by this Security Instrument,Lender shall promptly refund to Bonower
<br /> any Funds held by Lender.If under paragraph l9 the Propeny is sold or acquired by Lender.Lender shall apply,no later
<br /> than imm�iately prior to the sale af the Property or its acquisition by Lender.any Funds held by Lender at the time of
<br /> application as a credit against the sums secured by this Security lnstrument.
<br /> 3. Application of Payments. Unless applicable law p*ovides otherwise,al)payments recei�•ed by Lender under
<br /> paragraphs 1 and 2 shall be applied:first,to late charges due under the Note;second,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. L9wrges;Liens. Bottower shall pay all taxes,assessments,charges.fines and impositions attributable to the
<br /> Property 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 if not paid in that manner,Borrower shall
<br /> pay them on time directly to the person owed payment.Borrower shall pramptly furnish to Lender all notices of amounts .
<br /> to be paid under this paragraph. If Barrawer makes these payments directly.Horrower shatl promptly furnish to Lender
<br /> receipts evidencing the payments.
<br /> Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower:(a)
<br />. agrees in writing to the payment ot'the obligation secured by the'tien in a manner acceptable iu Lendcr;t'v}w,;tcs�s;a�c,�: , - :
<br /> faith the lien by,or defends against enforcement of the lien in,legal proceedings which in the Lender's apinion operate to � �:_°
<br /> prevent the enforcement of the lien or forfeiture of any part of the Property;or(c)secures from the holder of the lien an `_-
<br /> agreement satisfactory to I.ender subordinating the lien to this Security Instrument. If Lender determines that any part of "
<br /> the Property is stibject to a lien whic}� may attain priority over this Security lnstrument, Lender may give Borrower a -
<br /> notice idtntifying 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. Ha�rd Insurance. Borrower shall keep the improvements now existing 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 insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. 'I'he
<br /> insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which sha11 not be
<br /> unreasonably withheld. t
<br /> All insurance 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,Horrower shall promptly give to Lender k�`
<br /> all receipts of paid premiums and renewal notices.In the event of loss,Borrower shall give prornpt notice to the insurance '
<br /> carrier and Lender.Lender may make proof of loss if not made promptly by Horrower.
<br /> Unless I.ender and Borrower otherwise agree in writing.insurance proceeds shal!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 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 Borrower.If
<br /> Bonower abandons[he Property,or dces not answer within 30 days a notice from I.ender that the insurance carrier has
<br /> offered to settle a claim,then Lender 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 3Q-day period will begin
<br /> when th�notice is given.
<br /> Unless Lender and Borrower otherwise agree in writing.any appiication of proceeds to principal shall not extend or
<br /> ' postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments.If
<br /> under paragraph 19 the Property is acquired by Lender.Borrower's right to any insurance policies and proceeds 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 priar to the acquisition.
<br /> 6. Preservation and Ms�intenance of Property;Leaseholds. Borrower shall not destroy,damage or substantialiy
<br /> change the Prope�ty,allow the Propeny to deteriarate or commit waste. If this Security Instrument is on a leasehold.
<br /> Borrower shall comply with the provisions of the lease,and if Borrower acquires fee title to the Property,the leasehold and , _____ ___
<br /> fee title shall not merge unless Lender agrees to the merger in writing. •
<br /> 7. Protection of Lender's Rights in the Property; Mortgage Insurance. If Borrower fails to perform the
<br /> covenants and agreements contained in this Security Instrument,or there is a legal proceeding that may significantly aflect
<br /> Lender's rights in the Property (such as a proceeding in bankruptcy, probate, for condemnatiore or to enforce laws or
<br /> regulations).then Lender may do and pay for 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 this Security
<br /> L Instrument,appearing in court,pay�ng reasnnable attorneys'fees and enterinR�n the Property to make repairs. Although �
<br /> Lender may take action under this paragraph 7. Lender does not hav�to do so.
<br />, Any amounts disbursed hy Lender under this paragraph 7 shal)bernrne addiunnal drbt�f Hc�rmwer tiecured by this
<br />. Security insirument.Unless Borroa•er and Lender agree to athcr terms�f paymen:,the�c amountti thall hear interest fr��m r�•
<br /> the date of disbursement at thc Nate rate anc! shall he payable. w�th interetit. upr•n n�tur fr�+m l.endcr tr H�un�wer ��
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<br /> requestmg payment. , •{.1
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