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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: Sl-(_ 10738 2
<br />1. Payment of PrIncipal and Interest; Prepayment and Late Charges. BorroM shall promptly pay when due
<br />the 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 to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly payments 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
<br />leaseboldpayments or ground rents on the Propeny. if any; (c) yearly bazard insurance premiums; and, (d) yearly
<br />mongage insurance premiums. if any, These items are called "escrow items." Lender may estimate the Funds due on the
<br />basis of current data and reasonahle estimates offuture escrow items.
<br />The Funds sball be held in an institution the deposits or accounts of whicb are insured or guaranteed by a federal or
<br />state agency (including Lender if Lender is sucb an institution). Lender sball apply tbe Funds to pay tbe escrow items..
<br />Lender may not charge for bolding and applying the Funds. analyzing the account or verifying the escrow items, unless
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br />Lender may agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br />requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower. without charge, an annual accounting ofthe Funds shov.ing credits and debits to the Funds and the
<br />purpose for wbich each debit to the Funds was made. The Funds are pledged as additional seeurit)' for the sums seeured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, together v.ith the future monthl)' pa)ments of Funds payable prior to
<br />the due dates of the escrow items, shall exceed the amount required to pay the escrow items when due, the excess shall be,
<br />at Borrower's option. either promptly repaid to BorrO'Ilier or credited to Borrower on monthly pa)ments of Funds. If the
<br />amount of tbe Funds held by Lender is not suflicimt to pay the escrow items whm due, Borrower shall pa)' to Lender any
<br />amount necessary to make up tbe deficiency in one or more pa)-ments as required by Lender.
<br />Upon pa)'IIlent in full of all wms secured by this Security Instrument. Lender shall promptly refund to Borrower
<br />any Funds held by Lender. Uunder puagraph 19 tbe Property is sold or :Kquired by Lender, Lender shall apply, no later
<br />than immediately prior to the sale mthe Property or its acquisitIDo by Lender, any Funds held b)' Lender at the time of
<br />applicatian as a credit against the sums secured by this Security Imtrument.
<br />3. Applicatioa of PaJlllfllt5. Unless applicable law prolimcs otbenile. a111JO.)-ments receh-cd by Lender under
<br />paragraphs I and 2 shall be applied: tint, to late chuges due under t~ Note; second. to plelJO.)-ment charges due under t~
<br />Note,; third, to amounts payable under paragraph 2;; fowtb, to interest due;; and Int. to principal due
<br />4. 0Iarges; Lieas.. Borro'A-a shall pilly all t:ucs, ~ts, charges,. fines and impo6itions attributable to the
<br />Property whicb may attain priority _ 01>-a this Security Instrument, and leasehold payments or ground RIlts, if any.
<br />Borrower- shall pay these obIigatio."ls in tbe IlUIlIiCI' pnnidcd in p!J"3gTo1ph 2.. or if not JWd in tbat manner, Borro1llo-er shall
<br />pay them on l\ime directly to tbe pm;oo owed pa)'illmL Borro\\-eJ'shall promptly furnish to Lendff all nolk.-e5 of amounts
<br />to be paid under this paragraph. If BolT01lIo'er l1JlIkes lbese lJO.)mmts directly. Borro\\-er sball promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrov.-a shall promptly digelwge any lien whicb b:.!s priority 01>-a this Security Instrument unless 8crro1llo'tt: (a)
<br />agrres in writing to the pll)n1mt oftbe obIiptioo socund by tbe lien in II nunner OlC'<<pbhle to Lender; (b) contcsfs in good
<br />faith the lim by, Of' defends agaim.t cnforoemmt cfthe lien in" B~ procudinp whicb in the Lender's opinicn oper.1te to
<br />prevent the enforocmcnt or the lien or fodcitu~ or:any put or the Property.; (If' (c) seames from tbe holder of the I~ an
<br />agrummt salW3ctOf)' to Lender subonlill1ling the Iim to tbis Stalrity Instrument. If Lender determines that any part or
<br />the Property is !.ubjcct to a lien which may attain priority Oli'(l' tbis Security Instrumcnt, Lendtt may she BoJrower a
<br />notioe identifying the lien. Oorn:n\-er slWl satisfY tbe lien ()If tde cae or IIlOR oftbe :adioos set fOltb 3001ie within to days
<br />oftbc: giving or notice.
<br />S. Huard I--. Borrower- shall keep the impronmmts now uisting or bcrelfter e<<cted on the Property
<br />insumJ ap.imt loss by fin:. haz.uds included within the term -atcmkd COliU'o!gC" and :lilY other buards fu(' whkh Lender
<br />m&uires insurmce. This insuranoe slWI be maintaiMd in the ouoounts and for the periOOs tb:.tt Lcnder Rquires. The
<br />insurance canict pro,.iding the inwr.anoe sball be cbo5.m by IJocrower subjed to Lcnder"s approliaJ whkh sh:.tIl not be
<br />UDJ'C'.aSiOOably..ithbdd.
<br />All Uusurucc policies and rcne-am shall be 3lOCCpI:ablc to Lcndct and sball incluck a standoml mortpge cb~.
<br />Leode.- shall ha1>"C the ri,gbt to bold the policies :and tmetI.m. Ir Lmda Rquires.. Borrower shall promptly gi1ie to Lender
<br />all IUlripts oIf paid praniums and ~;al notices. In the C1l"Cllt of kM" Borro..U'sh:all plill: prompt notice to the msurolm:e
<br />carria:and Lcodet. Lmde.- may make proof or~ if not made promptly by Borro...-u.
<br />Ur.le!s Lender :and Bono\\"Cf otbenr.isc:aptt in ..ntin,. imur.mtt proc~ ~U be appli<d 10 ratoroltKJn u.r rquUr
<br />of the Property ~ if the restoration or <<pair is ecooomk.slly feasillle aoo Lender's security is not I~ned. If the
<br />restoration 01' <<pair is not eoooomic:ally feasible or Lcndcr"s 5ClCUrity ..'OUId be les..~, the insur.ulil:e proacds sb:.tll be
<br />applied to the sums socund by tbis Security Imlrumml, wbether or not tbm due. 'llIillh :any a"~ paid to Borro'lllicr. If
<br />Iklmnre.- :abandons the Propert)', or does not 311\"'" within JO d;a)'S 3. 004ice from Lender tmt the insuraJI<< cani~r hM
<br />olI'ered to settle :a claim, tbm Lmdcr may collect the insunncc pro..-uds. Lmckt 1TI3)' ~ t~ pro<<cds to rcp.1ir or rotore
<br />the Property or to pay sums sccumJ by this Se.curit)' In~rumcnl. ....hcthet' or not then due The )O-da)' period will begin
<br />when the notice is gi\"CII.
<br />Unless Lender:and Borro\\'(t othen.-~ 3grtt in wntinr. 30)' "ppltt-ation of pro....ceds to principal shan not extend or
<br />postpone the due dalcofthe monthly pa)mcnts rdem:d to in par.agraphs I :and 2 ordlllRge t~ llRlOunt of the lXl)mcnts. If
<br />under paragrapb 19 the Property is acquired by Lcndet, Borrower's right to:any imurucc policies 3.00 pro..-ccds resulting
<br />from damage to lhe Propeny prior to the acquisition shall p3.s~ to Lemkr to the extent of the sums s.c..-ured by tbis Security
<br />Instrument immediately prior to the acquisition.
<br />6. PrewrfttiOll ad MailltetWKe of~ LetsdJ,oIds., Borrower 50ball not destro)', damage or substantially
<br />change the Propen)'o allow tbe Propeny to deteriorate or commit \\'3ste. If this Security Imtrument is on 3. leasehold.
<br />Borro"'cr shall comply with the prOliisions of the ~,:and if Borrower acquires fee litlc to the Propert).. the I~hold and
<br />fee title slWl not mergc unless Lender:&gree$ to the merger in writing,
<br />7, Protedioa of Ltackr's Rights in the Property; Mortgage InsuraJl<<. If Borrower fails 10 perform the
<br />covenants and agreements contained in this Securit)' Instrument, or there is a legal p<<K.-eeding that ma)' signifkantl)' aWect
<br />Lender's rights in thc Property (sucb as a proceeding in bankruptq.. probate. for condemnation or to enforce laws or
<br />regulations). then Lender ma)' do and pay for wbate1>'cr is nccessaf)' to prolect the \'3lue of the Propert)' and Lender's rights
<br />in the Propert)'. Lender's actions ma)' include pa)'ing ;my sums secured b)' a lien ,,'hich has priorit)' o\'(r this Security
<br />Instrument, appearing in court. lXlying ~nablc attome)'s' fees and entering on the Propert)' to make repairs, Although
<br />Lender may lake action under Ihis paragraph 7, l.ender does not ha\'e 10 do so.
<br />An)' amounts disbursed by tender under tbis paragraph 7 shall ~ome additional debl of Borrower 5e\:ured b)'lhis
<br />Security Instrument. Unless Borrower and Lender agr<< to other terms of payment. these amounts shall bear interest from
<br />tbe date of disburY-mellt at the Note rale and shall be (3)'3ble. with interest, upon nollce from Lemler to !k,rrower
<br />requesting payment,
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