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<br /> �� U¢�I�'ORM C�v6NANTS, Aorrow�r ard L.onder covtnant snd agree ss follows: W��en due � �� '�' �,".'�
<br /> • 1. Ihiyment o�Princip�l�nd Inter�t;Prepsyment and Y.wte CtutrQes. Borrowez sh�ll prompdY paY ..,.l�,==
<br /> � the prin�[p�l af snd ircterest�n the debt evldtuced by the Noto and any prepaymGnt end late charges due under the Note. �-,�,� .^_J�
<br /> 2. "r'uiic,.v fo;�Tax�3�:t�l II�:��::s.s:. aubjCCt ro np�►l�cnble lew or to c�written wuiver by Lender,Donower shall ° ;_�
<br /> p�y to I.endes on the day monthly paymente ere dua under the Noce, until thc Note ia paid in fW1� a sum("Funds")for; ; .•��;•-��
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<br /> ° (e)ycarly taxce and asstssmenta which may sttain priorlty aver th[s Suurlty Instrument as a lien on the Proparty;N)yeaeiy , __._;..
<br /> lenschold paym�nts or grAUnd rents on the Fropeny. if any;(c)ycarly hazc+rd ar property insurunce premlums; (d)yearly ";';:.:.__.-
<br /> � � ioad insutance premiums,If nny;(e)yearly mortgege insuranco premiums,if any;and(�any sun►s Pay�ble by Honower '.';"�Y:4^_
<br /> ' ro Lendcr,in accordance with the pruvisians of paragraph B,in lieu of the payment of mortgxge insurance premiums.Tl�ese ,
<br /> � items ere calletl"Escrow items."Lend.er muy,nt any qme,collect und hold Funds In nn cunount not ta eaceed the maximum
<br /> �, amount a lendsr for a federally eelated mortgRge loam m�y require for ponowcr's escro�r accouut under the fedcral Real , _
<br /> Fsuttt Settlement Procedures Act of 1974 es anunded from time to time. 12 U.S.C. �2601 et seq. ("RESI'A"), unless � • _
<br /> " ' enother law that applies to the Funds sets n lesser amount.If so, Lender may, at any ttme. collect aad hold Funds in un ��
<br /> umount noi to exceed the lesser amouat. I.ender may esdmnte the amount of Funds due on thc busis of cunent data And �.
<br /> ' reasonable estimates of expenditures of futuc�e Escrow Items or otherwise in accordance with nPpllcable law.
<br /> " The Funds shall be hsld in en institution whose depasits are insured by a fedcral agency,instrumenwlity, or entity
<br /> (including Lender,if Lender is such an insdtution)or in nny Federnl Home Loan Bank•Lender shall apply the Funds to A
<br /> � I pay the Bscrow Items. Lender may not chargc Borrower for holding snd epplying the Punds. annuallY analYz�n6 the escrow —�
<br /> . I account,or verifying the Escrow Ttems.unless Lender psys Borrower interest on the Funds and appl{cable law permits I-ender � ,
<br /> a to mal:e such a charge.However, Lender may reqinire Horrower to puy a one-lime charge for an independent real estate �,'��,
<br /> � tax�+eporting service used by Lender in connecdon with thls loan,ualess applicable law provides otherwise.Unless an agreement ^ , ,,::.::
<br /> � , ie made or applicable law nquires iaterese to be paid.Lender shall not be required to puy Bonower any interest or earninga ,�,':..� `;
<br /> on the Funds.Borro�vEr and Lender muy agree in wridng,liowever,that interest shall be p�id on the Funda. Lender shall
<br /> gIve to Boaower,without charge.en unaual accountlz►g of the Funds,showing credits and debits to the Funds and the purpose
<br /> � for whlch each debic to the Funds wns mnde.The Funds are pledged as additiunal securiry for all sums secured by this Securiry � � ° -
<br /> ' Instrumcnt. 'r
<br /> � If the Funds held by I.ender excced the amounts permlcted to be held by applicable law,Lender shell account to Boaower � .`
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<br /> for the excess Funds in accordance with the requirernents of applicable law. If the amount of the Funds held hy Lender at =
<br /> � any pme is not sufficient to pay the Esr,row Items when due, I.ender may so notify Bonower in writing,and,in such case r.r�'`.�
<br /> � ' P4� m make uo the deficiencY. Horrower shall make up the deficiency in '
<br /> _--° -__ _ _ �rower enail�iuy iv Le.:��cr L`�:.:sstotl�L t�...sTy ` _-_ --____ ''
<br /> no n�are than twelve mnnthly paymenta, at L�nder's sole discretlon. ^ �
<br /> ' Upon puyment in fiill of all sums secured by this Security Instrument, I.ender shall prompdy refund to Borrowor .
<br /> , any Funds l�pld by Lender.If,utider paragraph 21,Lender shuU acquire or sell the Property, Lender,prior to the acquisition . „
<br /> ' or eale of tho Property,shall apply any Funds held by Lender nt the time of acquisition or sale as a credit against the sums
<br /> ' secured by this Securiry Instrument. � � �
<br />. 3. Apppextfon of PayiuenQs. Unless spplicntile law provides otherwise,al1 paymencs received by Lender onder � . ;.y
<br /> paragrephs 1 and 2 shall be applied:first.to any prepayment charges due undcr the iVote;second,to amounts payable under , . . . ,
<br /> , paragrnph 2;third, to interest due; fourth, ta principal due;and last,to any late charges due under the Note. ' .�;
<br /> 4. Charges; Uen9. Bonower shall pay all taxes, aesessments, cherges,fines nnd imposiQons attributable to the � �/. �+
<br /> Property which may attain priority over dris Security Instruu:ent,and leasehold payments or ground rents,if any. Bonower '
<br /> �� shall pay these obligauons In the manner provided in paragrnph 2,or if not paid in that nwnner,Bonower shall pay them �
<br /> on time direcdy to the person owed payment. Bonower shull prompdy furnish to Lender all notices of umounts to be paid � ,� . „;;�•
<br /> . . under this patagraph.If Sorcower makes these payments directly,}3oaower shall promptly fUmish to Lender eeceipts evidencing �
<br /> . , .' � thc paymenu. � � "
<br /> Bonowcr ahall prompdy discharge any lien which has priodty over this Securiry Instrument unless Borrower: (u) ,
<br /> agras in writing to U�e payment of the obligution secured by the lien in a manner ncceptable to Lender;(b)contests in good ;
<br /> feith the lien by,or defends against enforcement of the lien in,legal proceedings which in the L.ender's opinion oper�te to , . •
<br /> prevent tho enforcement of the liea;or(c)secures from t�e hoider of thc lien an agrecment satisfactory to I.ender subor- �
<br /> dinating the lien to this Securiry Instrument. If Lender determines thnt any purt of the Property is�subject to a lien which �
<br /> ° may attein priadty�over thfs Security Insuument,Lender may give Bonower u notice identifying the lien. Borrowcr shnll ,�
<br /> satisty the lien or tak.e one or more of the actions set forth above wlthin 10 duys of the giving of nouca.
<br /> � 5� Ha�rd ur property Insurance. Aonower shall keep the improvements now exiating or hereafter erected on
<br /> ' ttus Property insured ngainst loss by fire,hazards included within the term "extended coverage" and any other hs+zards,
<br /> " , inclading floods or tlaoding. for whlch Lender requires insurunce.This insurance shall be maintained in the amounts and
<br /> � for the periods that I.ender requires.The insurance�cnrrier providing the insurance shall be chosen by Borrower subject to ,
<br /> ,, I.ender's approval which shall not be unreasonably withheld.If Bonower fails to maintain cavemge described above,Lender
<br /> • may,nt Lender's option.obtain coyerage to protect Lender's rights in the Property in accordance with paragraph 7•
<br /> , All insurance policies nnd renewals shall be acceptnble to Lender and shall include a standxrd mort�age clause.Lender
<br /> shall have the right to hold the policies and rencwals.If Lender requires,Bonower shall prompdy give ta I.ender all reccipts
<br /> , of paid premiums and renewal notices.In the event of loss. Borrower shull give prompt notice to the insurance carcier and
<br /> I.ender. Lender raay make proof of loss if not made�rompdy by Borrower.
<br /> � ' Unless Lender and Honower otherwise agrec in writing,insurance proceeds shall be applied to restoration or repair
<br /> of tho�Property damaged,if the.restoration or repair is economicaily feasible and Lender's security is not lessened. If the
<br /> � � restoretlon or repair is not economically feasible or Lender's security would be lessened. the insurence proceeds shall be ,
<br /> applled to the suma secured by this Security Instrument,whether or not then due,with any excess paid to Borrower.If Borcower
<br /> � abandons the Propr.rty, or does not answer within 30 deys u notice from Lender thnt the insurnnce carrier has offered to
<br /> - _ _�_�� .�__ * �_a��.�..,...u�....ti�:.,e.,.a�,,.o nrnrnr�lc Y r.eder nmv use t}10 DtOCC�S t0[CpSii Oi iCStOiO t11C PfOpCfTy
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<br /> , or to pay aums secured by this Security Instrument.whether or not then due.The 30-day period wiil begin when the notice
<br /> , is given.
<br /> , Unless Lender and Borcower othenvise agree in writing.any npplication of proceeds to principal shall not extend
<br /> or postponc the due dat�of the monttily payments refcrrcd to in parugrnpt►s 1 and 2 or changc the amount of thc payments.
<br /> If under puregraph 21 the Propecry is acquired by L.ender,Borrower's right to any insurunce policies and proceeds resulting
<br /> %� from damage to the Property prior to the acquisition shall pass to Lender to die extent af 4he sums secured by this Security
<br /> � Ynsteument immcdiately prior to the ecquisidon.
<br /> � . Form 802E 8100 fpoge 2 oj5 page.r)
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