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<br />UNIFORM COVENANTS, Borrower .loll Lender wvenant and agree as follows:
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<br />I. Payment of Principal and Interest; Prepaymelll and Late Charges. Borrower shall promptly pal' when due [he
<br />principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note,
<br />2. Funds for Taxes and Insurance. Subject [0 applicable law or to a wrillen waiver by Lender. Borrower shall pa)' to
<br />l.ender on the day monthly paymems are due under the Note, until the Note is paid in full, a sum ('Funds") equal to
<br />one-twelfth of: (a) yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly leasehold
<br />payments or ground rentson the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly mortgage insurance
<br />premiums. if any. These items are called "escrow items," Lender may estimate the Funds due 011 the basis of current data and
<br />reasonable estimates of future escrow items,
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guarameed by a federal or
<br />state agency (including Lender if Lender is such an institutiun), Lender shall apply the Funds to pay the escrow items.l.ender
<br />may not charge for holding and applying the Funds, analyzing the account or verifying the escro'f items, unless Lender pays
<br />Borrower interest on the Funds and applicable law permits l.ender to make such a charge. Borrower and Lender may agree in
<br />writing that interest shall be paid on the Funds, Unless an agreement is made or applic-able law requires interest to be paid,
<br />l.ender shall not be required 1O pay Borrower any interest or earnings on the Funds, l.ender shall give to Borrower, without
<br />charge. an annual accounting of the Funds showing credits and debits 1O the Funds and the purpose for which each debit to the
<br />Funds was made, The Funds are pledged as additional security for the sums secured b)' this Security Instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to the
<br />due dates of the escrow items, shal! exceed the amount required to pay the escrow items when due, the excess shall be, at
<br />Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds, If the
<br />amount of the Funds held by l.ender is not sufficiem lO pay the escrow items when due, Borrower shall pay to l.ender an)'
<br />amount necessary to make up the deficiency in one or more payments as required by Lender,
<br />Upon payment in full of all sums secured br this Security Instrument, l.ender shall promptly refund to Borrower any
<br />Funds held by l.ender. If under paragraph 19 the Property is sold or acquired by Lender, Lender shall appl)'. no later than
<br />immc-tliJtcl)' prior to the sale of the Property Ul its acquisition by Lender, .\11)' Funds held by Lender at the time of appliCllion
<br />as a credit against the sums secured by this Security Instrument,
<br />3. Application of Payments. Unless applicable law provides otherwise. all payments recei\'ed by Lender under
<br />paragraphs I and :1 shall be applied: first. (() late charges due under the Note; second, to prepayment charges due under the
<br />NOle; third, to amounts pa)'able under paragraph 2; fourth, to inlt~rest due; and last. to principal due,
<br />,t Charges; Liens. Borrower shall pay all taxes, assessments, charges, finl's and impositions attributable to the
<br />Propert). which may anain priority over this Security Instrument. and leasehold payments or ground rents, if any. Borrower
<br />shall pa)' these obligations in the manner provided in paragrJph 2.or if not pJid in that manner. Borrower shall Pol)' themon
<br />time direct I)' to the person owed pJyment, Bnrrower slul! promptl)' furnish 1O l.ender all notices of amounts to be paid under
<br />this paragraph, If Umrower makes lhese payml'nts Jtrectl)'. Burruwer shall prlllnptly furnish tu l.ender receipts evidencing
<br />lhe papnents,
<br />Burruwl'r slull promptl)' discharge an)' lien which has priority on'r ,his St:o.Jfity Instrument unless l\urmwer: \a)
<br />agrees in writing IU the papuent uf the obligatiun secured b)' the lien in a nunner acceptabll' tu Lendcr; \b) contests in good
<br />faith the lien b)'. or defcnds agalllst cnfurceml'nt uf the lien in. kgJI proceeJings which in lhe Lendcr's upiniun operate tu
<br />pre\'ent the enforlcJllent ul the lien ur furfeiture of any part of the Property; ur \0 sC(.-ures from the hulder uf the lil'n ,Ul
<br />agreemem satisfaclUr)' tu Ll'nder suburdinating the lien tu this SecurilY Instrumcnt, If LenJerdetennines that any part uf the
<br />Propeny is suhjc<l IU a Iil'n which ma)' attain priuril)' over lhis Se..-ulit), Instrulllem. Lender may gi\'e Burruwer a nut ice
<br />identifying thl' Iil"n, Blll [(lwer shall salisf)' the lien or take one ur mme uf the aniuns set furth abtl\'e within 10 days uf the
<br />gi\'ing of nuticl',
<br />'). Hazard Insurance, Borrower shall keep the impro\'ements now existing ur hereafter crected on the Property
<br />insured against loss b)' fin'. hazards includl-tl within the terlll "extended ClI\'erage" .m.! an)' other hazards for whidl Lemler
<br />requires insurance, This insurance shall be maintained in lhe aJlluunts and fur the periods that l.ender require:s, The
<br />insurance "\lrier providing the IIlsurance shall be e1msen b)' Burrower subject tu Lender's appr",'al which shalllllll be
<br />unreasonahl)' withlwld
<br />All insurance poliCIes and renl'wals shall be aCl'eplJblc tu Lellllt'r .111.1 shall include a stanJard murtgage c1.1uSl', Lender
<br />shall ha\'e the righl to huld thc pulicil's and rencwals If l.ender n"<juires. Burruwcr slull pmmptly gin' (U Ll'nder all rlxeipts
<br />of paid premiums .Ind rencwal notices, In the e\"ent of Ims, Burruwer shall gi\"C prumpt ntllice 10 thc insurance carril'r and
<br />Lender. l.enJer ma)' make proof of luss if nOI made promptl)' b)' Burruwer
<br />Unless Lender and I\urrower otherwisc agree in writing. insurancc pf(lCl~ slull be appli<.-d tu rtosturatiun ur repair
<br />of the Property damaged, if the restoralion or repair is <.xunumic..lly fcasible and Lender's sC1.-urity is nut lessenl-d. If the
<br />restoralion or repair is not l-conumicall)' feasible or Lender's sl....-urity wuuld bc lesselll-d. the insurance proceeds slull be
<br />applied 10 the sums sC(.-ured b)' this Security Insuument, whether or nul tlll:n due. with .In)' excess paid hi Burruwer, If
<br />Bnrrower abanduns lhe Propert)'. or does not answer within ,{) dJYs a nuticc from Ll'nller lIut lI,c insurance carrier has
<br />offered to sett Ie a claim, then Lender nuy collcCt the insurancl' pnlCl...-ds, Lendcr may USl' lhe pC<lCl....JS (U n'p.lir ur rl'Slllre 1I1l'
<br />Propert). or to pay sums secured by this St:curity Instrumcnt. whelherur nut lhendue, The '\\hla)' period will bt'gin when the
<br />notice is given,
<br />Unless Lender and Borrower otlwrwisl' agree in wrillng, any application 01 pnl(l....ds to prll1cip.ll shall nut l'xtcn,1 m
<br />postpone the due date of the munthl)' payments rderrl,,1 tu in l'.lragrJphs I an,12 ur changl' till' amuulll of thl' p.lpUl'IllS, If
<br />under paragraph 19 lhe Propert)' is ,Kquired b)' Lender, BoU\,wl'r's righlto any insurancl' poliocs and phln....Js rl'sulting
<br />from damage to the Propert)' prior to tI,C acquisition shall pa" to Lendl'r h. tht. extl'lll 01 till' sums Sl"''\Jfl-J by this StxurilY
<br />InslrUmtol1l immt-tlialel)' prior (U till' acquisili,in,
<br />6, Presen'ation and Maintenance of Propert)"; Leaseholds. !\lIrrllwl't sh..1I nut de,uoy. d.lI1l.1ge or subSt.Hlli"lly
<br />change the ProperlY, allow the Property HI detl'riurale lIr lllmnllt \\."te II rIllS s..,,~urity Instrumel1l is llll ,I le,lsdll.\,I,
<br />Borrower shall comply willl the provISIons 01 the lease, and illlllrr<l\"l'r acqUlrcs 1l....lIlle to thl' Prup.:rty, the It'asdll)!d ,111,1
<br />fee title shall not merge unless Lender ,lgrl'l'S (() th... merger in writing.
<br />7. Protection of tender's Rights in the Propen)'; Mortgage Insurance. If 1I'lrwwer iails (() pelfurm 1Ill' con'nam,
<br />and agreements contained in this Securit), Inslrument. lIr there' is a legal pnlC('l-din,l: th.1l n1.lY signifil'amly ,IUl...t l,emIt'r"s
<br />rights in the Propert)" (such as a pHlCecding III bankruptcy. pruhatl" for nmdemn'llllln or toenfuru' I.lws ur ft'gUl.llllHlS). tlll'n
<br />Lemler ma)' do and 1',1)' for whate\'er is ne(l"s,ary HI prulcct Ihl' salm',,1 the PruPl'rty' and Ll'nder's rights 111 the Property,
<br />Lender's actions ma)' include pa)'ing .111)' sums securl-d by a lien which h,ls I'lIoril)' Un"r this Sl"UrIlY Insuumem. .11'1''',lrin,l: 111
<br />court, pa)'ing reasonable attorne)'s fees .lI1d elllerlng on 1Ill" I'rope'fly III m,lke rep,lirs Ahhuugh Lt'lhlt-r m.IY t,lke .1Ition
<br />under Ihis paragraph 7, I.ender Joes nm ha\'e IU du so
<br />An)' amounts disbursnl by' LenJer under 111IS pJr.lgrJph 7 shall bl"Onll' .llkliliOlI.lI debrlll BlIrrowl'r sCllllnl r.y this
<br />Securit), InsUUlllent. Unless BOrnlW('r ~ulJ I.elli..lt'f J~rt.t.. III other fl'nll!\ of p.\ynu-l1t. thl':\l' .1111~Hlnb ,tulJ tW.lf nUl"H'st trolll
<br />thed.He of (lIsbur~(;,lnl'lu J( .hl' NOll.' r,Ut" and 'S-h.d. bl' pJ}".thlt.... wuh Inlt.'H'~I. UI"li.'fl notH.t' thUll I t.:lldCI to B"rrU\.\l'l rt"q\1l.\tHl~
<br />pa)'lI1ent
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