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<br /> UtvIFORM CovEN�NTS. Borrower and Lender covenant and ugrce as follaws: ""� :
<br /> f. Paymeet of Principal snd latereat;Prepaymeat�nd Late Ch�rges. Barrowcr shAl) promptly pay ��•hcn due
<br /> - the prisecigs!of snt!iatertst on!he dtb:evidenct�by tht Nate and any prcpayment and latc chargrs duc undcr thc Nou.
<br /> z, �i�AElS fM''1'A�H5 Zwd ingn��*�, Suhject ta�pplicst�le!aw ar to�writte�wa�vrr t►y Lender.Borrower�hs!!psy
<br /> � to Lender an the day monthly payn�ents are duc undrr th�Nc+te, until the N�tc is paid in fuli,a•�im("fiunds")equal to
<br /> onc-twclRh of: (a) yearly taues and assessment� which may attaia priority over this Security Instrument; (b) yeariy
<br /> lasehold payments or ground rents on the Property, if any; (c) yearly Nazurd insurnnca premiumr; and (d) yearly
<br /> mactgage insurance premiums.if any. These items are calied"escrow items."Lender may estimate the Funds due an the
<br /> b�sis of current data and reasonable estimates of futuse escrow items.
<br /> The Funds shall be held in an institution the deposits or accounts of which are ins�ered or guarantced by a federal ar
<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 accaunt or verifying the escraw items,unless
<br /> Lender pays Bonower interest on the Funds and applicable law permits I.ender to make such a charge. Borrower and
<br /> Lender may agre�in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br /> requires interest to be paid.Lender shall not be required to pay Borrower an�interest or earnings on the Funds,l.end�r
<br /> shaU give to Bonower,without charge.an annual accounting af the Funds showing credits and debits to the Funds and ihe
<br /> purpose for which each debit to the Funds was made.The Funds are pledged as additiona)security for the sums secured by
<br /> ; this Security Instrament.
<br /> If the amount of the Funds held by Lender,together with the future monthly payments of Funds payable prior to
<br /> the due dates of the escrow items.shall excad the amaunt required to pay the escrow items when due,the excess shall be.
<br /> �t Rnnnw�r'c nj►tinn, Pitht�nmmrtly repaid!c� R�nei��er�r t��it.�+t�B��flr.��r�n n:�nih!}•papm.n2s af Fun�s.:f th:
<br /> amount of the Funds held by l.ender is not sufficient to pay the escrow items when due,Borrower shall pay to Lender any
<br /> amount nccessary io make up the deficiency in one or more payments as required by Lender.
<br /> Upon payment in full of all sums secured by this Security Instrument,Lender shall promptly refund to Borrower
<br /> any Funds held by Ltnder.If under paragraph 19 the Property is sold or acquired by Lender,Lender shall apply,no lAter
<br /> than immediatcly prior to the sale of 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. Applicatlon of Psyments. Unless applicable!aw pravides atherwise,all payments received by Lender under
<br /> paragraphs 1 and 2 shall be applied:first,to late charges due under the Note;secand,to prepayment charges due under the
<br /> Note;third,to amounts payable under paragraph 2;fourth,to in;erest due;and last,to principal due.
<br /> 4. Chuges;Liens. Borrower shall pay all taxes,assessments,charges.fines and impositions attributable to the
<br /> Property which may attain priority over this Security lnstrument, and l�asehold 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,Barrower shall �
<br /> � pay them on time directly to the person owed payment. Borrower shall prompily furnish to Lender all notices of amounts '
<br /> to be paid under this paragraph. if Bonower makes these payments directly, Borrower shall promptly furnish to Lender . t�_
<br /> receipts evidrncing the payments. �
<br /> - �;,;vwcr si�uli prumpily ciischarge any iien which nas priority over tnis�eeurity Instrument untess Horrower:(a) ±.-�_`
<br /> agre�s in writing to the paymont of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good �"-
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<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 of the Property;or(c)secures from the holder of the lien an
<br /> s�rcemen!satisfactory to Lendrr subordinaiing ihe lien to�his�ecurity Inst�•ument. IPLender determines that any part of = `
<br /> the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Bonower a _
<br /> notice identifying the lien.Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days r.
<br /> of thc giving of notice. ';
<br /> , S. Hmrd Insurance. Borrower shall keep the impravements now existins or hereafter erected on the Propeny `
<br /> � insured against loss by fire,hazards included within t�e term"extended coverage"and any other hazards for which Lender =
<br /> � reqnires insurante. This insurance shall be maintained in the amounts and for the periods that Lender requires. The
<br /> � insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval 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 /> Lendec shall have the right to hold the policies and renewals.[f Lender requires. Borrower shall promptly give to Lender
<br /> " all receipts of paid premiums and rencwal notices.In the event of loss.Borrower shall give prompt notice to the insurance � �,
<br /> ' carrier and Lender.Lender may make proof of loss if not made promptty by Borrower. :t
<br /> Untess Lender and Borrower otherwise agree in writing,insurance proceeds shall be applied to restoration or cepsir �:`•-�• •'
<br /> of the Property damaged,if'the restoration or repair is economically feasible and L,ender's security is not lessened.]f the t
<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 /> ' Borrower abandons the Property,or does not answer within 30 days a notice from Lettder that the insurance carrier has
<br /> o�'ered 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 snms secured by this Security Instr�ment,whether or not then due. The 30-day period will begin
<br /> xrhtn the notice is givea.
<br /> , Unless Lender and Horrower otherwise agree in writing,any application of proceeds to principal sha1)not extend or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount o!'the payments.If
<br /> uader paragraph 19 the Property is acquired by Lender,$orrower's right to any insurance policies and proceeds resulting
<br /> from damage to the Propeny prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security
<br /> Instrument immediateiy priar to the acquisition.
<br /> G. Preservation and Maintenance ot Property;I.esseholds. , $orrower shall not destroy,damage or tiubstantially
<br /> change the Property, allaw the Properiy to deteriorate or cammit waste. If this Security Instrument is on a Ieasehold.
<br /> Borrower shall comply with the provisions of the lease.and i4'Borrower acquires fee title to the Property,the leasehold and r-' "—`-
<br /> fee title shal)not merge unless Lcnder agrees to the merger in writing. '
<br /> 7. Proteciion of Lender's Rights in the Property; 1�tortgage Insurance. lf Borrower fails to perform the
<br /> eovenants and agreements contained in this Seeurity Instrument,or there is a legal proceeding that may significantly affect �
<br /> Lcnder's rights in the Property (such as a proceeding in bankruptcy, probate, for condemnatian or to enforce law•s ar �
<br /> regulations),then Lender may do and pay for whatever is necYSSary to protect the�•alue of the Propert}•and Lender's rights
<br /> in the 1'roperty. Lender's actions may include paying any sums secured by a lien which has priority over this Security �
<br /> L lnstrument,appeanng m coutt,paying reasonable attorneys'fees and entenng on the Property to make rep:itr�.Although
<br /> Lender may�ake acncm under this paragraph 7,Lender does not ha�e to dn so.
<br /> Any amrnu�tt d�shurscd F�y Lender under this paragraph�shall bc�ome addutonal dcbt�f Aorr�wer�ccurcd by t hi. A
<br /> Secur�ty In.trument.Ueilc.�!,ti FMrrower and Lender agree to c�ther terms of payment,thetie um��untti.hall hcnr intcre��fri�m sp
<br /> the date uf J�sbur�cment at the Note rate and shall he paytible, with imereti�. up�m rx�tirr ir<�m i rndrr t�� B�irr���+cr ilf�
<br /> requt�t�ng p�vmcnt �..
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