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<br /> UNIPORM COVBNANTS. Bocrower�nd Lxndet covan�nt and aQcee as follow� �4�' �����
<br /> ..:r:.w�� wer rhdi P��P�Y WY wlxn due
<br /> �.HU,��:�.�r.,�, l. P�yment of HlocipRl and latere�i Pwp�S'��t�od L�t�CkrrRa.
<br /> . . . � � r�,"• the princip�l ot�nd intere�t on the deM evWenced by the Note�nd inY P�Yment�nd lue charau due under the Note.
<br /> '' ' Z. Fuod�for T�za�d iawnaa. Subject to�pplic�ble law or to R wdturi wafver by Lender.Barcower duil
<br /> ' ' • ';' p�y to Leader on the day rtwn�hlY MY�nts ue due under the Note,until the Note 1�paid in fWt.�:um(••Fw�ds")for:
<br /> �, (a)yeuly u�xes md ae�eument�which rtu�y anain p�r�ry over this Socudty Inunirrxnt u t lien on the 1'rape�ty;(b)yearly
<br /> . :,�;,. , �; . Iwehold p�ymenu or�round renu on the Propetty.if u►y:(c)Yeuly hwrd or propeety inwr�tnce premiumi;(d)yearly r'--,-�„"'.'--- -
<br /> _ -�' .. .' . ,;. ;,aod insuru�ce premium�,if�ny:(e)Yearly mottQage lnwrance prcmiums,if any;ancf(fl any sunu p�yable by Boaower
<br /> ` F� �� to Lender.in�ccordance wtth the provi�ions of para�aph 8.in Iteu of the ptyment of moR�e imurance premiur►u.These
<br /> ?�;�_� �. .. �. ,
<br /> -_--� ��'.:� �� , . � . icems are c�11ed"Escrow Items,"I.ender may,at any Wne,copect and hold Funda in an�rtwnnt not to eaceed the maximum — _—
<br /> . .�-_-�_��—
<br /> __•_� , amount a lender for a federsilly relited mort�Qe lan may require for Borrower s ecerow account undee the foder�l Rul
<br /> F.state Settlement Procedures Act of 1974 w amended from dme to t�me. 12 U.S.C. �26Q1 et seq. ("RE.SPA"),unleas
<br /> „�;;���;'- �" , another law that applies to the Funds aets a lesser amount. If so. Lender may,ac any dme,callect and hold Funds in an =__�___��___
<br /> _��:_ • • amount na to exceed the lesar amount. I.ender may estimate the amount of Fwids due on the basie of current dsta and T
<br /> � .��a��::
<br /> re�wn�ble estimates of expendlturcc of fwture Escrow Items or otherwiae in accordance wlth s►pplieable law. -„��-_,..o,., ,..
<br /> ;:�`� The Funds sh�ll be held in an i�utltudon whose deposits are insured by a federnl agency.InstrumentAliry.or enUry � ' ��
<br /> � ` (inclndin�Lender. if Lender is such an institutlon)or in any Federal Home Laan Bank. Lend�r shall apply the Funds w �F---�;�w
<br /> pay the Escrow Items.L.ender may not chsuge Borrower for holding and applying the Funds.annwilly xtwlyzing the escrow i� :-,.,�_ '�-
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<br /> account,or verifying the Escrow Items,unless L.ender pays Aorrower intereu on the Funds and�pplicable lAw pertnits Lender ;;,,;:;;,tr-'°
<br /> � ° ' to tnalce such a charge. However,L.ender tnay require Bonower to pny A one-dme charge for an independent real estate != --��-_ - _
<br /> tax reporting service used by Lender ln connaKion with thia loan.unless applicable Ixw providea atherwise.Unless m agroement � .. �L.�:=�^�'-
<br /> is made or applicable!aw rcquires intereu to be paid,Lender shaU not be requind to pay Borrower any interect or euaings � �r•�: , . ,s';:.•
<br /> -� un the Funds. Borrower nnd Lender m4y agra in writing.however,that interest shall be paid on the Funds.Lender sh�U �
<br /> give ta Borrower,withouc charge.an annw+l accounting of the Funds.showing credlta and debita to the Funds and the pnrpose ��
<br /> for which eaeh debit to the Funds was made.The Funds are pledged as additional cxuriry for all sumc seeured by this Sxudty � .
<br /> Intuument. t ,,:•+,�, �� ��
<br /> If the Funds held by I.ender excad the amounts pem�itud to be held by appiicable law,Lencler shall account to Borrower
<br /> for the excess F�nds in accordance wlth the«quirements of applicable law.If the amount of the Funds held by Lender at � ����"�,"�'
<br /> any time tt not su�clent to pay the Escrow Iums when due,Lender may so t�otify Borrower in wr�ting,u�d,in such case ' � 'P
<br /> Bonrawer shall pay to Lender the amount necessary to make up the deficiency. Borrower slwll malce up the deficiency in . --�''�`�"-
<br /> no more than twelve monthly payments, at I.ender's sole discretton. � ��_;
<br /> Upon payment in full of all sums suured by this Security Instrument, Lender shall promotly refund to Borcower t .���:�.
<br /> any Funds held by Lender.If,under paragraph 2I,I.ender shall acquin or sell the Properry.l.ender,prior w the acquisition � � •s
<br /> or sale of the Property.shall apply Any Funds hcld by Lender at the time of acquisition or salc as a credit aga�nst the sums ;
<br /> � secured by chis Suudty Instrument. .� � _
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<br /> 3. Ap p l i e a t ion o f P nymen t s. U n less app l�ca b le law pro v i d e s o t t i e r w l s e,a l l p a y m e n t s r e c e i v e d b y L e n d e r u n d e r �
<br /> puagraphs 1 and 2 shall be applied:firat.to any prepayment�harges due under thc Note;second,to amounts pRyable under " ,,�. E
<br /> pnragraph 2; third, to interest due; fourth, to princIpal due;and last,to any late charges due under the Note. � , ,
<br /> , 4. Charges;Liens. Borrower shall pay all taxes,assessments, charges, fines and impositions attributablc to the ""'� '
<br /> .� Property which may attain priority over this Securiry Instrument,and leasehold payments or ground rents,if eny. Borrower �
<br /> shall pry thesc obligatlons in the manncr provided in paragraph 2,or lf not paid in that manner.Borrower stwll pay them • + � �
<br /> �•� on time directly to the person owed payment.Bonower shall promptly furnish to Lender all notices of amounts to be paid �
<br /> ;�, w�der this paraScapfi.If Borrower makes these paymenu djrectly.Borrower stwU promptly futnish to Lender nceipts cvidencing .
<br /> the paytnents.
<br /> , Bonower shall prompdy dischacge any lien which has priority over this Security Instrument unloss Bonower: (a) �
<br /> ag�ees in writtng to the paymont of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good
<br /> fAith the lien by,or defends against enforcement of the lien in,legnl praceedings which in the L.ender's opInion operate to
<br /> ' ' prevent the enforcement of the lien; or(c)secures from the holder of the lien an agreement satisfactory to Lender subor-
<br /> dinating the lien to this Security Instrument. If L.ender determines that any part of the Property is subject to a lien which
<br /> may attain prioriry over this Security Instrument, Lendet may give Borrower a notice identifying the lien. Borrower shaU
<br /> satisfy the llen or take one or more of the actions set forth above within 10 days of the giving of notice.
<br /> � 5. Hwzard or Property Insurance. Borrower shall kecp d�c improvements now existing or hereafter erected on
<br /> ! the Property insured ageinst Ioss by fire, hazards included within the tetm "extended coverage" and uny other hazards,
<br /> � including tloads or flooding,for which L.end�r requires insurance.This insurance shall be maintained in the nmounts and •
<br /> ' � for the perlods that I.ender requires. The insurance canier providing the insurance shall be chosen by Borcower subject to
<br /> i Lender's approval which shall not be unreasonably withheld.If Borrower fails to maintain coverage described nbove,I.ender
<br /> ! may.at Lender's option,obt�in coverage to p�otect Lender's rights in the Property in accordance with paragraph 7.
<br /> ' All insurance policies and renewals shall he acceptable to Lender and shalt include a standard mortgage clause.I.ender
<br /> ' } ! shall have the right to hold the policies and renew•rls.(f I.ender requires,Borrower shall promptly give to L.ender all receipts
<br /> of paid premiums and renewal notices.In the event of loss, Bnrrower shall give prompt notice to the insurance carrier and
<br /> z • � Lender. Lender may make proof of loss if not made promptly by Borrowcr.
<br /> JUnless Lcnder and Borcowcr otherwise agree in writing,insurance proceeds xhall be applied to restoration or repair
<br /> ' I of the Propeny damaged, if the restoration or repair is economically feasible and Lender's securiry is not Iessened. lf the
<br /> rcstoration or repair is not economically feasible or Lender's sexurity would be lessened,the insurance proceeds shall be
<br /> � I appliod to the sums secured by this Security Instrument,whether or not then due,with any excess paid to Borcower.If Borrower
<br /> ' � abandons the Property,or docs not answer within 30 days a notice from Lende�that the insurance c�nier has offered to
<br /> � 1 settle a cl�im,then L.ender may collect the insurance proceeds.Lender may use the proceeds to repair or restore the Property
<br /> . , � or to p�y sums secured by this Security instrument,whether or not then due.The 30-day period wiil begin when the notice
<br /> � , is given.
<br /> � — ' UNess Lender and Borcower otherw�se agree m wnnng,any application of proceeds�o principai�naii nui cxicnu
<br /> ' or postpone the due date of thc monthly payments refened to in p•aragraphs 1 and 2 or change the amount of thc payments.
<br /> i � If under paragraph 21 the Properry is acquired by Lender,Borrower's right to any insurance policies and pmceeds resulting
<br /> � �� from damage to the Property prior tu the acyuisitiun sh�ll pass to I.cndcr to the cxtent of the sums secured by this Security
<br /> Instrument immediately priar to the acquisition.
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<br /> � Fonn�112t tH0 (vax,•:uj�pugesl
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