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<br /> UNIPORM COV�NANi'S. Bomuwer and L�endFr coven�nt ae�d agree as folbws: �r.•-
<br /> ,�(;yNr':. �., 1. Psy�at ot Priwctrl a�0 I�tensti P�S'�t�V���• B°ROwer ah�ll promp�ly pay when due
<br /> --- ''��'�'-x�i--'� tbe priocipa�l of and interest on ihe dtbt cv3daiced by the Note and sny pn�pyment und late charRr�due under the Note.
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<br /> _ �- ' 2, Fu�ds tor TiucM a�d I�. Subject to applic�ble law or to a writlen waiver by Lender.8arrower shall pay •
<br /> , ":''' ` °-f;� �o Y,p�ckr an the day monthly payment�ue due under tha Note,until the Note is paid in Pull,a sum("Funds")equal to
<br /> � `"'' , i one-twelflh oP: (a)ya�ly taxa and assasmentc which may attain priority uver this Security Instrumenr (b) yearly
<br /> . � �
<br /> - "y'•;. ..s � {pabold payrsirntt or gmund renls on the Property, if any; (c) yearly h�rd insurnnce premiums; and (d) yeariy _ _
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<br /> :' ;. : '':.,, mort��e insu��nce prc�niums.if any.These items aro callod"escrow items."Lender may esumate the Fundr due o��the `
<br /> . ..`. ,.. . b�sisof current data and ra+son�bkestim��es of future acraw items.
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<br /> �: , n , The Fuods shall be held in an institutian the deposit�or accounts of which are insurod or guarnnteed by a fcdera ur
<br /> r-_ _, _-----_--
<br /> � �t�te��ency(including I.ender if I.ender is such an inclitution), l.ender shall Apply the Fu�ds to pay the escrow it�ms.
<br /> Lrnder mRy nat ch�rge for holding�nd applying the Funds,unalyzing the account or verifying the escrow items,unless
<br /> Lender p�ya Borrawer interett on the Fands and ApplicAble IAw permits Lender to make such A chorge Borrowe�and
<br />�� l.ender m�y agrce in writing that interest shall be paid nn the Funds. Unless an Agreemem is made or applicable law
<br /> , r+oqui�es intercst to be psud,Lendcr shall nal be roquired to pay Bc►rrower any interest ar earnings on the Funds.Lender
<br /> '' sh�ll give to Barrower,wilhoul charge,an annual accounting of the�unds showing credits and debits�o the Funds and the _, __
<br /> _ �� � purpose for which each debit ta the Funds was made.The Fuads are pledged as ndditionul security for the sum�s�uaed by
<br /> thisSocu�ity lns�rument. �
<br /> If the amount of the Funds held by Lender.together with the future monthly payments of Funds pa�abf�,y�n��r�o __
<br /> ' the due dates of the escraw itema.shall exceed the amount roquired to pay the acrow items whea due.the ex�r���Pu�ll be.
<br /> � . '.. �. • rA^� �t Borrower s option.either promptly repa�d to lbrrower or crcdited to&�rruwer un munthly par�ents of Funds. 1ff she �--�.�...-�:��—
<br />' � amount of the Fu�ds held by Lender is not sufiicient to pay the escrow items when due,Borrower shall pay to Lendrr any �=;_�
<br /> - amount nece�+ury eo ma�ce uq►the deBciency in ane or morc payments as required by Lender. � j,.':.,.r�-�,
<br /> i,,% . Upo�payment in fuil of'all sums securad by this Security Instrument.Lender shall prompt{y reiond t�*�Horrc w�rr '�'�.,.. _ ,�
<br /> • eny Funds hepd by[.ender.lf under p��eaph�9 the Property is sold or acquired by Lender.Lender shall Ap��'l�,no later
<br /> L__�_
<br /> � ' than imme+diately prior to the sale of the F'r•,perty or its acquisition by Lender,any Fuods heW'by l.ender at the hme of _ ____-
<br /> ' ;:.;;;; applicAtion as a credh against the sums se:�ur�n1 by this Security Instrument. � . . —
<br /> r•.'�•� ''�s 3, Applicallon of Pay�aenq. Unless applicable law provides otherwise,all paymen�s rrcei�ed b� aender under . �_
<br /> 7• .. � ,�• �' pArog�aphs I and 2 shall be applied:lirst.�o late charg�due under the Note;second,to prepayment chargrs a�ue under the L,_,—
<br /> Note;thi�d,��amounts payable under paragrnph 2;fourth,to interest due;and last,to principal due. �_:��_=__
<br /> ' -. 4. Cl��e�Ueae. Borrower shall pay All taxes.assessments,charges,fines und impasitions anribu�a�Dle to the �'c.:e__:�
<br /> .'",i: „ Propeny wha4.1� may attain priority over this Security Instromen�, and leasehold puyments or graund rents, if any. � -r•<�_
<br /> � Borrower sha�➢pay these obligations in thc manner provided in parAgraph 2.or if no�paid in thaa manner,8orrower shaN `�;.�.
<br /> � � � pay them on time directly�o the person owed payment.Borrawer shall promptl�fumish to Lendrr all notices of amounis i,� ___. � ���
<br /> �;; .' � :.�r,,.+ ��he raid under this 4►araRraPh. If Borrower maka these payments direc�ly, Bon�Rer shall promptly furnish[o L.endcr �,��,��_
<br /> i • S"� receiptsevidrncingtiiepayments. �=� "=-
<br /> , , ,� ;� Borrower shall promptly discha��e any lien which has priority over this Security Insuumen�unless B��rrawer.(u) +�� ..m __
<br /> r;,::;• � • . ?y�;� agras in writing to the payment of�he al+l�gn�ion secured by the lien in a manner acceptAble t�Lender;(b)contests in good _,;.
<br />�����:'�" ' faith the lien by,or defends against cnf��rcement of the lien in,lcgal proceeclings which in the L�nder's opinion operate to ;�•k�_.::4•;::_.-
<br />� �'• • � °' ,,` �revem the enforcement of the lien or fnrfeiture of s►ny part of the Prapeny;or(c)secures from the holder oi'the lien an . _ -
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<br /> , •,,.,, : � Agreement sutisfectory to Lencler subard�nn7ing Ihe 16�n to this Security Instrument.l`Lender determines thaa any pan uP -T�:
<br /> ;..: ' the Propes�y is subject to a lien whic�O may atiain priority over �his Security Instrument, Lender may give Borrowe�a w ���.,�
<br /> '°!��,•�' .� � �' notice idenaif;ran�the lien.Borrower qhall sAtisfy the lien or take one or more of the actions sei P.�nh ubove within 10 duys �_�,_ ,__�.`
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<br /> . . of the gi�ir+g nP notice. �`"
<br /> • n:t`� a, Ha�rd Insurnace. Borrower shall keep the impravements now ezicting ur hereafter ere�ted on the Propeny � .T � �t,.. �
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<br /> � i�•,�,! ' `' u�sured against loss hy fire,hazords included within the term"extended coverc+ge"und nny ot her huznrds for which Lender � �.;
<br /> ' ; .7��' �equires insusanre. This inyurunce shall be main�ained in the amounts und for the pencxis thut Lender requires. The ,; �__
<br /> ':' '� insurance carner providing tMe insuranre shall be chosen by Hortower subjeet to Lender's approvul which shall nut be `��--
<br /> ;,.� unreasonably wnhheld. � •
<br /> :�,;:;,;;.. _ pll insurance polic�es und renewals shull 6e ucceptable to Lender and shall include u standard mongage clause• ; 1
<br /> • r':�•������:w` � 2.ender shs►II have�he right to hold thc policies and renewuls. If Lender requires.Burrower shall pmrnpd• give to Lender
<br /> � ;t`�;. ,. . ..
<br /> ,,;���1 all receipts of paid premium+and renewal notices.In the event of lus�.Borrower.�aC➢gi�e prompt nalic�t��I�hP in�urance b°�+�,�4; _'_, ,—
<br /> �.��,,,,• '� '!� . ° carrier and Lender. txnder may mnke proof of loss if na mude promptly by Borrower. t•;c..;:;�,.;r:•» r
<br /> ' '?�• : U n l a s L e n d e r-r n d B o r r o w e r o¢fi e r w i s e o g r e e m wntin g,inwrance proceeds shall I+c ap�+la-etE to resWration or rtpa.ar ;;';;�:,�
<br /> ;, ,. .,,, ., „ . . .
<br /> ;. of the Property dumuBed.if the�estoraiion or repair is economically fe�sible and Lender ti seruQ�ty is not lessened. If the • '��',�"�'"�}w
<br /> �'��s�.,,�.rz:{��r��� restoratioo or repair i.not urnnm►cudJy featiible o�Lender'��rcunty would be Irssened,the insuronce praceeds shaU be � �,+;.:�
<br /> � •.;'p"�". '�� •° applied to the sums.rcuse�!'h} °��is Sccurity Instrument, whether or not�hen due,with any excess ps+id to Borrower.Ii' i ..'„
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<br /> ' "^';�,,;, Borrower abpndons the 6���-+�tre�.or�daes not answer within 10 dnyx a notice from Lender that the insurAncr carrier has ,,.•,,•� - .
<br /> �� ��� ��� �����• oflered to r�ttk a claim,then l.ender tu�a�:collect thc inwranre pr�xec�ds.Lender muy use thr proc�eds to repair or restore • _' .
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<br /> a,•,"�,:•';''•; �� 4 �;!"�;�����•' the Prope�� or ta pay yum�.rer.ured�*.•tfi�s Secunly Instrument.whether ur not then dur. Thc�0-day periad will begin y:.,�; •'. .,y�'',
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<br /> , when the nEuice is given. :��•���
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<br /> Unless Lendcr and Bc►rmNer otherwise agree�nµ�riung,any applicuU��n i�f prcxeeJ�to principal shull not extend or
<br />��"•`'� ;;,i;� ' ' nostpone thr due da�e.�f the mon�hly payment.rrferred to m p�ragr•rph�I and 2 or chanFe t he�muunt af the payment�.If � �,
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<br /> .��v<:�� under�racraph IQ�h�Pm;{+�rty is ac�qu�red b�•Lrndrr.&�rrower'.nght tu an} in.urance�1�:ies and pn•cr�x�:-.cesulnng ���'. '�
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<br /> ' �1�-��ti� from daorr.a�:ir the Propeny prior a�thc�equi�iu�m.hall pa�►t��Leoder lu tht e�tent of th��u�.+erured b�•cl�n Jecunt}� f
<br /> � "l,.;:;� lnstrumra�[r:n:n��i�a�ely priort�,theac.�t,unton. � ..
<br /> " . � 6, P'Pesen'ution nnd 1laintenance of 1'roperty;I.easedolds. Burmwer�hall nrt d�-�cr�;.�amage.�r wbstanu�01� ' ,
<br /> � cltange the Pru�xrt}. �Il,,w the Pr�,prn}• to deten�,r��e ar cammu xa.�e If�hc< :��unty In.trument i,on a lea�ehold. �'• ,
<br /> Burroxer shall compl.wi�h the pro�isam.��f the lea,r.��d d&�rruaer a.yu�rr.c���cetlr a�t he Pru�rt�.thr lra�hold and
<br /> ' ' „�• fa utleshall nut mcr�e unt�w.Lrnder�grecy to�hr merger m W nun� ; '
<br /> �� T. Protection of Leader's Ri�edts in the P�opert): �lottpARe Insurance. If H��m�w�er fail� u� perlixm thK
<br /> � j eo�enantsand agrrrment�cantamed m�h�.tictiu�i� Imtrumrnt,or�here�+s legal pntc�l�ng ehat may+igmfir:�nU�afTc+c
<br /> • -_• . . . .. . .�_ n_..__�..�.....M ... .. ....�•.,,...i.no�n iv�nlrunl.•�_ nr.,F.r�r_ tor c.�ndemnauan.,r to rnfi�rce Irw,or
<br />� � • ------ LCnOCfs f��tm� �i� �oc �...�'.�.; �.,..... ..-... �._--'—...�--•
<br /> regu6:�ni*nti),�hrn L�ndzr ma}•doand pa>for wh��r�dr��nctir+.ary�orrot�ti��hr.alueofihe Pm�rt�•rn3 l.cnder'�nght.
<br /> ' �n�Fx Pra�em. Lrndrr'.r�uam m•ry include��}mg pm wm�ktiu�ctil b��Grn whc.h ha.pnvnn ���er th„Sccunn
<br /> Instrairtertr.ap{+eann�m.oun,pr��mg rcaxroablr•rta�rney��fer.and entrnog«n�hc Pr�+j+rrt} t��m�l►e rerain .4lthrug6
<br /> Lender may wke a.�H.n under�hn par�Rruph'.Lrndcr due+ni�t ha�e�o da v�
<br /> Am•ami+unt..i�.huncYi b�Lender unJer�hi�paragraph�.hall hccume.+�ts�t«m�l drbt��t&�rrower�rcun�d h� th«
<br /> Secun�y� Imtrumrnt C'nt�-c.��rrow�er and Lender agrce����nher terni.�+f p�}ment,the�e amount..h�ll hcer m�e�c�t fn�m
<br />, Ihe dale of di�hur�emrnt at thr tio�r rrtt rnd .hall I+r pr�rMc. wuh mtrn�t, ur.+n n��t�.c Irrm l:ndrr t.� I�.�rrrwrr
<br /> . requann�paymm�.
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