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<br /> �g-- �06898
<br /> UNIFQRM CUYENAN PS BOfCOw'Cf tifl�LClldff COVC(IAOt aqll A$1'CC iit POIIc�t�'�:
<br /> 1. Payment ot Frincipal�nd Ioterest;Prepsyment and I.ate Charges. Norre�rer sh�ll pmmptly pay �vhen du.�
<br /> the principal of and interest on the debt evidenced by the Note und an�prepayment and lute rharges due under the Note.
<br /> 2. Funds t��T�xes�nd Insunnee. Subject to applicabte lu�v c�r to a w•ri�trn w•ai�•er hy Lender,8orrmve�shul)pu��
<br /> ta L�ender on iht ciay m�nthly�aymentc nre due under the Note. un�il thc Note i�paid i��full,a sum("Fwtds"�equal tu
<br /> � one-twcllth af: {A) yearly tuxes and assessments which may attain priority o.•er this Security Instr��ment; (b) yearly
<br /> leasehold payments or ground rents an the Praperty, iP uny; (c) yearly hazard insurancr premiums; �nd (d) yearly
<br /> mortgage insurance premiums,if any. Thae items�re eulled"escrow items." Lender mav estimate Ehe Funds due on the
<br /> basis ofcurrent data snd reasonable estimates af future cscrow itemc.
<br /> The Funds shall be held in an institution the deposits or aceounts of which are insured or guarnnteed by a federa)or
<br /> state agency (including Lender is Lender is such an institutian). Lender shall np�ly the Funds to pay the escrow items.
<br /> Lender may not eharge for holding and applying the Funds,analyzing the account or verifying the escrow items, unless
<br /> l.ender pays Horrower interest on the Funds and appli�able law permits Lender to mal:e such a charge. Bonower and
<br /> Lender may agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br /> c�quires interest to be paid,Lender shall not be required ta pay Borrower any interest or earnings on the Funds. I.ender
<br /> shall give to Borrower.without charge,an annual accounting of the Funds showing credits and debits to the Funds and the
<br /> purpose fbr which each debit to the Funds was made.The Funds are pledged as additianal security for the sums secured by
<br /> this Security Instrument.
<br /> Ii'the amount of the Funds heid by Lender,together with the future monthly payments of Funds payable prior ta
<br /> the due dates af the escrow items,shall exceed the amount required to pay the escrow items when due,the�xcess shall be,
<br /> at Borrower's option,either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds.lP the
<br /> nmrn�nt�P th�F�mdc hetd hy l.ender ic not cuti'icient to pay the escrow items when due,Borrower shall pay to Lender any
<br /> amount necessary to make up the deficiency in one ar more payments as required by Lender.
<br /> Upon payment in full of all sums secured by this Security Insirument.Lender shall promptly refund to Bonower
<br /> any Funds held by Lender.lf under paragraph 19 the Property is sold or acquired by l.ender,Lender shall apply,no later
<br /> than immediately 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 Instrument.
<br /> 3. Applicadon of Psyments. Unless applicable law p*ovides otherwise,all payments received by Lender under
<br /> paragraphs 1 and 2 shall be applied:first,to late charges due under the Note;second,to prepaymenl charges due under the
<br /> Note;third,to amounts payable under paragraph Z;fourth,to interest due;and last,to principal due.
<br /> 4. Chuges;Liens. Bonower shall pay all taxes,assessments,charges. fines and impositions attributable to the
<br /> Property which may attain priority,over ti�is Security Instrument. and leasehold payments or graund rents. if any.
<br /> Borrower shall pay these obligations in the manner provided io paragraph 2,o�if not paid in that manner.Borrower shall .
<br /> pay them on time directly to the persoa owed payment.Borrower shall promptly furnish to Lender all natices of amounts
<br /> to be paid under this paragaph. If Bonower makes these payments directly. Horrower shall promptly furnish to Ixnder �
<br /> rcaipts evidencing the payments. .: =
<br /> Borrower shal)promptly discharge any lien which hus priority over this Security Instrument unless Borrower:(a) ': ��_�
<br /> • • •� • �•_•..� ,...a'� •t�"ijcviitw�s ia .n� ' `
<br /> � agrees in wriiing io ine paymeni ui fne uoiigaiivu�c�:urw oy inc ncii i�i a;�iuiu�el'actcE,in.,ac�v a.c„ e;. g^^ -
<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 part ot'the Propeny;or(c)secures from the holder of the lien an • _
<br /> ssgrament satist'actory to Ltnder 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, I.ender may give Borrower a -
<br /> notice identifying the lien.$orrower shall satisfy the lien or take one or more of the actions set forth abc�ve within 10 days =
<br /> �f the giving of natice. �
<br /> S. Hazurd Insuranee. Borrower shall keep the improvements naw 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 I.ender 't
<br /> � requires insurance. This insurance shall be maintained in the amounts and for the periads that Lender requires. The
<br /> insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's appro�al which shall not be
<br /> unreasonably withheld.
<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.lf Lender requires. Borrower shall pramptly give to Lender ' -
<br /> all receipis of paid premiums and renewal notices.In the event of loss,Borrower shall give prompt notice to ihe insurance
<br /> carrier and Lender.Lender may make proof'of loss if not made prompily by Borrower. �,a�:�
<br /> . Unless Lender and Borrower 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 lnstrument,whether or not then due, with any eacess paid to Borrower. If :
<br /> Bonower abandons the Property,or dces not answer within 30 days a notice from Lender that the insurance carrier has
<br /> offered to settte a claim,then Lender may collect the insurance prceeeds. 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 i.ender and Borrower otherwise agree in writing,any application of procceds 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 ttte acquisition shall pass to Lender to the extent of the sums secuced by this Security
<br /> lnstrument immediately prior to the acquisition.
<br /> 6. Preservation and Maintenance of Property,Leaseholds. Borrower shall not destroy,damage or substantially
<br /> change the Property, allo�:v the Property to deteriorate or commit waste. If this Security lnstrument is on a leasehold.
<br /> Borrower shall comply with the ptovisions of'the lease.and if Borrawer acquires fee title to the Property,the leasehold and
<br /> fce title shall not merge unless Lender agrees to the merger in writing.
<br /> 7. Protectlon ot Lender's Rights ia 4he Property; Mortgage Insurance. If Borrower fails ta perform the
<br /> covenants and agreements contained in this Security Instrument,or there is a legal proceeding that may significantly affect '
<br /> Lender's rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation or to enforce lawt or �
<br /> r�gulations).thrn Lender may do 3nd pay for whatever is necessary to protect the value of the Property and Lendcr'�rights
<br /> in the Property. Lender's actions rnay include paying any sums secured by a lien which h�. priority over th�s Security
<br /> � lnstrument,appearing in court,paying reasonable attorneys'fees and entering nn the Prc.perty to make rcpa�rc. A Ithough �
<br /> Lender may take action under this paragraph 7,Lender daes not have to do so.
<br /> Any amounts disbursed by l.ender under thiti paragraph 7 shall become addihonal dcbt uf Narrower cerurcd by this
<br /> Secunty lnstrumcnt.Unless Borrower and Lender agree to other terms of payment.the�e am��untt tihal!hcar intcrect fr<�m h
<br /> the dafe of dishursemetti at thc Note tate and �hal! he �ayahle, w�ih intere�t, upcm nc�ucr fre�m I.ender tn 13�uri�wer �it�
<br />_ reyue�tmg payment. �
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