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<br /> UNIPORM COVBNAlYT9 Bonawer�nd Lender covrn�nt�nd aQra u follows: �l�10 216 8 �;,.,
<br /> �i^,� .�, �, when due
<br /> �`., ._,, , 1. P�rwest of EM�tipl ud l�tenst�Prep�yawat ud l.�te CMaRe�. Borrower shrll promply MY � '�"�
<br /> ?��• , �" � the principad af and inter�st on the debt evidenced by the Note�nd aoy prepayment and lue charges due under Ihe Nate.
<br /> �� � � • , � 2. Fwada tor Taxa a�i l�uac�. Subject to�pplic�ble(aw or�o p wnt�en warver by I,ender,Bar�awer sh�ll p�y
<br /> ta l.ender on the d�y monthly paymmts�re dur u�der the Nate,umil�he Note is paid in full,�sum("Funds")eqwl ta
<br /> • one•1we1Rh oP: (a}yearly tnxes And assccsment�which may attain prlanty over this Secunty l�st�ument (b) ye�rly �:`,.,�_.. ------__`_ �
<br /> � ,. laiehold paymmt:or oround rents on the P�operty, if aoy; (c) yearly h�zard insu���re prem�umi; end (d) yearly ---;•-`i'x�
<br /> _ moAQ��e insuranee premiums,if�ny.These ilemc arc c�lled"escrow uems."4eode�m�y esnm�t�the Fuod�due an�he E �, �_,
<br />�: � _
<br /> b�sis ofcunent d�ta�nd reawnable atim�tes af ILtu�e escraw items. '��.�`:�'
<br /> The Funds sh�ll be heW in an institution the depasits or accaunts of which A�e iosu�ed or gu���nteed by�kdernl or _ = ' �
<br /> � sate a�ency(iocludin¢ Lender if l.ender is such�n institution).Lende�shall Apply the Funds�o My the escrow items. ----�—
<br /> �'' Leoder m�y oat cha ry�e for holdin�ar+d a p plying the Fuode,an�lyzing the Account or verifying the escrow i�em:,unless
<br /> � ' � I.rnder pays 8orcox+er interat on 16e Funds�nd�pplic�ble I�w perm�ts Lender to make such a ch�rge. 80170Wt�AOG � _ '
<br /> . �; • Lender may agrae in Mrxitaag th�t interat sh�ll be p�id on the Funds. Unless an agrament is m�de or�pplicabk I�w r-
<br /> reqaires imterest to be paid�,i.ender shdl not be roquired to pay Borrower any i�te�est or arnings an the Funds.Lender •�'��°'�'°�--�:
<br /> . �r� . � : �- �:�1.�.—.
<br /> • + aAa10 p�re tv Horrowet.witAout cbarge,an annwl�ccaunuaR of�he Funds shawing crcdits aad debits ta�he Funds and the ;i.•,°•,,�,�F�
<br /> ; purpose for which ach deb�it to tbe�und�wu made.Tlee Fuads ue pkd�od as�ddnia�al socunty fior tho sums seeured by ;�•:-,._.�, _"��—_
<br /> tbi�Securiry 1n:truma�R. ` -
<br /> Ii the amoum of�he Fw�ds held by I.ender.together with the Puture momAly p�yments oP Fuads paiKabk prior to ;�:. _- ....'�es�
<br /> , �,. the due datet of the acrn�v items,shaJl exceed thx a�wunl raquired lo pay the exmw nrms when due,lhe escess shall be. , ',�„��
<br /> at Borrower'c option,either protapl0y repaid to Borrower o�credited to Borrower on monthly payments of Funds. If�he ��
<br /> :r.f' '
<br /> � , ,, ::�. � . amount of'the Fu�ds held by Lemler is not suflicimt to pay the escrow items when due,8orroMer shall psy to Lender any � �:��
<br /> � ' '''�`�'; '� • �raount�ecessary to m�ke up the de8ciency in one or more payment:ns requ�red by l.ender. • `='��':��.
<br /> ��'+ ��° , "' Upon paymait i o f'ull of all sums secured by this Socurity Insuument,Lender shall promptly refund to Borrower . .� -_:.s°T"�
<br /> � `°�°..:�t�;.�`, any Funds held by Leader. If under pan�raph 19 the Proprny�s sold or acquired by Lender,Leader shall apply,no later --�
<br /> � tlun immed'wtdy prior 10 the aale of the Property or its acquisition by Lender.any Funds heW by Lender at the time of . .. `� ,
<br /> ����•Q ' applicalion u a c�edi���inst the sums secured by tbis Security Instrument. ' '�'' ,
<br /> • �i 3. Applicada d Paymenta. Unless applic�ble law provida othenvise,all payments received by Lender under ! �
<br /> , ?�t<< ' ` � �`�• •� pusgaphs I s�nd 2 sIu10 be�pplied:8nt.to late chorges due under the Note;second,to prepayment chsr�es due under the � � � �,
<br /> •�,,��.}, ' • Note;third,to amoums p�yable under pan�graph 2;fouRh,to interat due;and last,to pnncipal due. , .
<br /> �,;;�;:;•': -�' 4. CY�rQe�4i�a. Borrower shall pay aU taua,as.cessment�,charges,lina and impositions attributable to the ;•.. � �•� °�� '
<br /> '•�',�;;�'{�;'-�}� Pi'operty which �ay a�;ain prioritY.aver this xc�rity Iastrumrnt. �ad leas=hald psymenss ar ground sents. iP any. ► . � „�� �:
<br /> ' ,;i;�'�r�;:;.;�•��,,�4 Borrower:hall pay th�obligations in the manner�rovided in puagraph 2,or if not paid in thAt mAnner,Borrower ahall , ,_:.; :�Y�,
<br /> 'i"���: ..� '%,!�-+�'s � them on time directl to the rson owed ment.Borrower shall rom tl furnish to Lender all notices of amounts � �r� �
<br /> • ,��, �.Y ,.,l�tf..•� �. WY Y P� PaY P P Y , fi � ,.
<br /> ••'�'� :�.?��!; ,r�i;�{'�;�,�� to be paid under this pa�gnph.If Borrower mAkes tbese payments directly,Horrower yhaU prompdy furnish to Lender ' :' .,,��'. '�==
<br /> , ��•. %`,;;;;{�.<,, ,,t,, � . rxeipts evidrncing Ihe payments. � �;;;'
<br /> � i �'.��.:::+��`r';�„ '�;:',;'�, Borrower shaH prompdy discharge any laen which has priority over��is Security lnat►vment unless�8orrower:(a) 1, t�'�� ��
<br /> �SI:�i',� � . :;;t,���sst;'�l:, agrees in writing to the piymrnt of the abligation srcured by the lien in a mann�r acceptable to Lender;{b)cantests in good �,1 . . , • �. � .-
<br /> " � � ''`�'' '`:'��;�;:� `"' fiith the lien by or defends�gainat enforcement of the lien in,l�gal proceedings whicb in the 1.ender's opinion operate to
<br /> � : t ..,- .:.•.:,•
<br /> , , � i;�'-:�, � � prevmt the rnforcemrnt of the lien or forPeiture of any part of the Property;or(c)secures from the holder oP the lien an ; ";.''';`•r`'!''';i±h..:_."
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<br /> : 4�.'-<<��:,;: :;�X���;,::;:{{,' �gropnent s�tisfnctory to i.ender subordinating the lien lo this Security lnstrument.lf Lendzr determines that any part of � .. .. -
<br /> x::••:;,)�� �,,.. .; �� .
<br /> p,,,,,;,;;,;,,„ �,••����.+ the Property is subject to a lirn which may attain priority over this Security lnsttument, Lender may give B�ower n
<br /> , ,'*x;, ,.;}:;;. � • •,;.; +'^ • notia idmtifying the lien.Hixrower shall satisfy the lien or take one or mare of the actions set forth above within 10 days �., �k ..,,, �"
<br /> •1;� ."�;��'�t�,�!,�� ' of'the giving of natice. ' '
<br /> ��%'r:�� .:'���", S. Nw�d ltuurmce. Borrower shall keep the improvements naw existin���r fierrafter erceted on the Property I
<br /> . . ;,"fi��'.,;;..'•" inaured against loss by fare,harards included within the term"txtended coverage"end any other hazards far which Lender 1, .
<br /> � � ��"� requirss in�urance. This insurance shall be maintained in the amounts and for the periods that Lender requires. 7'he �
<br /> � g�;�'' insurance carrier providin�the insurance shall be chosen by Borrower subjtct to Lender's approval which shall not be �, _ .'� .� ;
<br /> �''., nnrasonsbly wit?�held. , . :,,.
<br /> � � • All insurance policies and renewals shall be acceptable to Lender and shell include a standard mongage clause. '� `..�"�
<br /> ► � Lentkr s'ha11 have the righ►to hold the policies and renewals.lf Lender reqwres,Borrower sholl prompdy give to i.ender � I ;;;'��' ''"t ' ,�
<br /> . � , all receipts of p�id ptemiums and renewal notices.f n the event of loss,Borrower shall give prampt notice to the insurance �"y:;,„;�: ��
<br /> •' �=' " carrkr and Lender.Lender may make proof of loss if not made promptly by Horrawer. ' ' , ���
<br /> i ��.�,,i{�: � Unless Lender u nd Borrower otherwise agrce in wnting,insurance prnceeds shall be applied to restoration or repair ' �•�'
<br />.1 . � of the Property dam�ged,if the restoration or repair is economically feasible and Lender's security is not lessened. If the
<br /> ` restaraaion or repair is not economicaUy Peasible or Lender's security would be lessened,the insurance proceeds shall be ' '
<br /> • � �pplied to the sums secured by this Security Instrument,whether or nat then due,witfi any eacess paid to Borrower. If '
<br />' ,t i Borrower abandons the Property,or daes nnt answer within 30 days a natice from Lender that the msurance camer has
<br /> � o�ered to setde a cleim.then Lender may collect�he msurance proceeds.Lrnder mac use the proceeds to repair or restore '
<br /> � the Property or to pay sums secured by this Secun�y Instrument,whether or nnt then due. The 30•day period will begin
<br />, ' � when t6e notice is given. ' ,
<br /> • ;. ..� Unless Lenderand Borrowrr othrrwise agree m wnting,anp appl�cutu�n of prnceeds to pnncipa)shall not extend or ,
<br /> ;,.:,•���i postpone theduedateoflhemonthJ;��ay�en�s referred to in�+arAgraphs l and 2 or change��he amount of the paymenos.lf �
<br /> t �' under paragraph 19�he Property is acqu�red Ry �.ender,Bc�rrrwer's right tn any msuranct pohc�es and proceeds resulting
<br /> . �j feom damage to the Properly pnor to the acqw,aa:rr.�hall pass tr Lender tr th�rxaent of tAe sums secured by this Secunty . • �•.�
<br /> ' � � Instrumrnt immediately pnor to�he acquis�uon ' . .
<br /> ' 'i �. Preserr�tion md t�taiotemnce ot Property;l.easeho�ld+. Borrower shall Rn�drstroy,damage or substantially ' :, • �
<br /> � . , chan6e the Property,albw the Propeny to detenorate or ce_-r�rrit was�e If ih�a Securir} Instrument �s on u leasehold,
<br /> � Borrower shall comnlv with the urovKions of the leax.;�nd d�.rrrower arqwres fee ntle to�he Pro�►eny,the leasehold and �
<br /> � fa tide ahall not nterge unless Lender agrees to t P�e rnerger m w•ntmg.
<br /> 7. ProteMioo of Lender•s Rights fe tiu Prope►ty; Nort�tage lesurance. If Borrower fails to perform the
<br /> ` covenants and agreements contairted m thn Secun�y In�crummt,�rr there��a legal prc�ceedmg th�t may sigm8candy aBect
<br /> � I.ender's nghts�n the Propeny (such as a pr�xeedmg m hankruptc�, probnte, for cundemnauon or to enforce law�or
<br /> rcgulations),then Lender m�y do�nd pay for wb�le�er�s ne�ras�ry to protect the.•oluc uf the Properly and Lender'c ngbts
<br /> in the Pmpeny. Lendcis acuans may mcluQr �ay�ng any sums�ecured by a ben which has priont} a��er this Secunry
<br /> � Inftrumrnt,appeannp rn rourt.paymg reas�,rtahle auorneyc'fees and entenrtg on�he Properry•to rriake repnin Although
<br /> , Lrnder may take acnon under this paragraph 7.L.ender daes not have�o do,o
<br /> Any amountsd�sbursed by Lender under this paragraph 7 shall becnme�ddmonal dcbt uf&�rrower secured by th�s
<br /> j Secunty Instrument.U nless Borroa�er and Lender ngree�o other terms of pay menc.�he�e amount�.hall hear�nteres�from
<br /> I the date of dist�ursemem a��he Note rate and shall he payadle, w�uh imeret�, u�n nouce from Lender to Borrowet
<br /> � requatin$paYment. �
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