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<br />UNIFORM COVENANTS" Borrower and Lender coven anI and agree as follows: Sl7 _ 107391
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrowe'Y~all promptly pay woen due
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under theNote.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or 10 a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monihly payments are due under the Note, until the Note is paid in full. a sum ("Funds") equal to
<br />one-tweifth of: (a) yearly taxes and assessmenis which may attain priority over this Security (nstrument; (b) yearly
<br />leasehold payments or ground _ rents on the Property, if any; (cl yearly hazard insurance premiums; and (d) yearly
<br />mortgage insurance premiums, ifany, These items are called "escrow items:' Lender may estimate the Funds due OIi the
<br />basis of current data and reasonable estimates of future escrow items.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br />state agency (including Lender if Lender is suchan institution). Lender shall apply the Funds to pay the escrow items.
<br />Lender may not charge for holding and applying the Funds, analyzing the account or verif};ng 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. Unle!.S an agreement is made or applicable law
<br />requires interest to be paid, Lendersball not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />sball give to Borrower, v.;thout cbarge. an annual accounling of tbe Funds showing credits and debits to the Funds and tbe
<br />purpose for wbich eacb debit to the Funds was made. The Funds are pledged as additional SCl:urity fo.the sums secun.-d by
<br />this Security Instrument.
<br />If the amount of Ihe Funds held by Lender, together witb the future monthly payments of Funds papble prior to
<br />the due dates of the escrow items., shall exccOO the amount required to pay tbe escrow items when due, the e.'l[CCSS shall be,
<br />at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthl}' payments of Funds. If the
<br />amount of the Funds held b}' Lender is not sufficient to f'iil}' tbe escrow items when due, Borrower sball pa)' to Lcnder any
<br />amount necessary to make up the deficiency in one or more pa}-ments 0l'S required by Lender.
<br />Upon p3}-ment in full of all sums s.:cured by thi'S Security Instrument, Lender shall promptly refund to Borrower
<br />any Funds held by Lender. If under paragr.aph 19 the Property is sold or acquired by l.ender, Lender shall apply. no later
<br />than immediately pri,)r to the sale of'the Pror--eny or its 3<:'/iui'Sition by Lender, any Funds held b}' Lender at the time of
<br />application as a credit against the sum'S secured by this Socuriay Instrument.
<br />3. Application of Paymeals. Unlas applicable !.aw pro"ides clhe~io;e. all p1!oments m.:ei,"ed by Lender under
<br />par.agraphs I and 2 sh3l1 be applied: first. to late d13rges dae under ahe Note:; :sn--aml. to prep1}m.:ont charges due under the
<br />Note; third. 10 amounts pa)-able under plIragr.apb l: fourtb. ao interest due; and last, to princip11 due
<br />4. Charges; liens.. 8orro\\-ef" sball pa!o' all taxes.. a~mts, cbarges.. fim:s and impositions attributable to tbe
<br />Property which may attain priority o,",:r thi'> Security Instrummt, and ka.~hold p1!omenls or ground rents, if any.
<br />Borro\\<er sha!! pay tbese obligations in the manner pro,,1deiI in i'W'..1graph 2. N if Jklt raid in that m:.mner, Borro\\'er shall
<br />pay them on time diRed)' to the person o-aoxi payment. Bonolloltr sh3lll'romplly furnish to Lend~r all noti..-.:s of amounts
<br />to be paid under this paragraph. If BomlWff makes tiJes,e p1}-ments directly. Bom."wer shall promptly furnish to Lender
<br />receipts e,;idencilllg the pa!o-ments.
<br />BoITOl\-ef" shall promptly dillchargc any lien \\hicb b3'S pmmt}. o\ltr thi" Socurit}. Ins.tounent unlos Bonollo<:r. (a)
<br />agrees in llo-nting to the pa)-ment of'the obIiptioo:secured by the Ji.m in allWlner :K<Ceptabk 10 Lender. (b) \."\1ntests in good
<br />faith the lien by. or defends against enforcement of the lioen in. kpI proceeding:!> ,,'hich in the Lender's opinion operate to
<br />prevent thc cnfoR:'Clllmt of the lien or forfeituR: of any pan of the Propflt)':: or (el sa-ures from the holder of the lien an
<br />agrcemmt sati!SactOl)' to Lender subordimting the lien to tl1is Socurit}' Imtrument. If Lo:mkr determin.:s that an)' (K!rt of
<br />the Property is subject to a lien 'A--bich may attain priorit). O"ltr thUs Security Instrument, l.mOO rn3)' gi\l(~ Borro\\\:r a
<br />notice identif)ing tbc lien. Bomlllo<:r shall satill}' the IDeo or taie ooe N nklU of ahe 3'Ctklm 5d forth aoo\e \1iithin 10 d3)'s
<br />of the g1\ing or notice.
<br />5, "aurd IDS1ldII<<'. BorrowCf shalll:ecp the imI'Rb\lements. oow existing or here.iller erock'dllflthe Propert}.
<br />in~ured againstltJ5S by fire. hazatdl. included ,.ithin the term "extmdOO oowr~" and an}' other haC.1rds. for w hieh Lender
<br />~uires in..ur.mce. This insurance slall be maintainm in lhe 3.IOOJIlnts and flOr the periods that Lender requires.. The
<br />in~urance carrie.. prO\iding the in~ur.moe shall k I(ho\leo by ~ro\'\er subject to Lender''\. 31'f'IDlal \1ihieh sh311 not be
<br />un~bly ,.ithhcld.
<br />All tRSu~ pl)licies ;and ralC'\-aIs shall be ;wcceptolbk to Lomder and WlI in.:!ude a standlld moog3ge -:buse.
<br />Lender shall bale the right to ho!d tile policies ;.md n:nev.~ U Lender requio::!-.. Borro\'\;:r ~I pl'<-lfllplly she to Lender
<br />all receipts of' paid pn:miums and rCrlC\\--al notices.. In tbe ennt cf b5. Boml\'\\:r shall st\e rrompl Jk1tn.."'e to the insur.lJk"\:
<br />carner and Lender. Lender may mUli: proof on~'\. if DO'! rn:Mk rrom",I)' b)" Borrolwr.
<br />Unlo'S Lender and Borro\\'er oIbe~i'IC agree in ,.-riting,. inwr.moe pll"-"<<tt" ~I tJe ilwfu:d to re;lor.1tion l'f f\:pWr
<br />of the Propert}' damaged. if the rotontion or repair is lOl.'X'fKl<<llk..tlI}" fe.1.~bk and Lender's'SCCurit)' is. m_1t I~, If the
<br />restoration or r>epair is not oeronomiC'3ll}" fl2\.lble or Lcndu"s 'SCIl.-urit}" would k Io.~, the insur.lJk-e pm..-e.:th shall boe
<br />applied to the sum'S secured b}' this Sa:urit}' Imtrumenl, \'\beth<< or not then due. \'\ith:my exces.'\. p1id to Borm\'\er. If
<br />Borro\\er abandons the Propert}". or does DOt 3RS\\-eT 'iltthin 30 day'!> a noti-ce from Lender that the insuraJR."'e \.-,urier has
<br />olfered to 5dlle a claim, then Lender may coiled the inwrance pI\1II:'i:eds. Lender flU)" u:~ thc I'n,~ to reJ"lir or rotore
<br />the Property' or to p.:A)" sums secured by Ibis S<<uril}' lmJ.rument, whether or not then due, The JO-da)" period ",ill b.:gin
<br />when the notice is gi\-en.
<br />Unlo'S l.ender and Borrower oIh.:~i'IC agltt in 'ilrilin~. an) aw!icati..lD l>f pnx-.:.:ds. tl\ rrind""" shail not e:\tend or
<br />postpone the due datc of the monthly p3YllKnls rdan:d to in J"lragr.lph'S I and 2 l'f change the amount of the J"lyment'\.. If
<br />under paragraph 19 the Property" is 3l-quired b!o' Lcnder.lk\rro\\Ii:1"'s right to an)" iMurance I'oli.:io and proceeds resulting
<br />from damage to the Property" prior to the acqui'Sitioo sholll pass to Lender to the c:~tent of the sun13. s.e.::ured by thio;. S<<urit~
<br />Instrument immediatel)' prior to the acquisition,
<br />6. Presenation and :\laintenantt of Property; l.usd1olds. Iklr[\)\\er s.hall not dotfllY, damage ,'r wb;.lanlially
<br />change the Property, allo..... the Property to deteooratli: or commit waste. If this Security Instrumenl io;. ,)n ;.\ k.l<<:holtJ.
<br />Borrower sball comply \\ ith Ihe prO\ isions of the lea~, and if Ik)rro\\er a,-quifC'j. fee title to tl:e Pr,,('<:rty. the lea~bold and
<br />fee title shall not merge unles'S Lender agrees to the merger in "riling,
<br />7. Protedion of Lender's Rights in the Pro~rll: :\lortgagc Insurantt, Jr BOrfil\\er falls to ('<:rll'ml tlte
<br />co\-enants and agreements contained in this Securit}' Instrument, or there is;.\ kgal rr'....-e..-ding that may ".gllitkantly alfl:\:t
<br />Lender's rights in tbe Property (such as a proceeding in ronkrurt<:y. rn.~ll". fl1f l"\.>ndemnatil>n ,'r III l"nfllrCe Ia\\S or
<br />regulations), then lender ma)' doand pay for whate'-er is ne.:o~f}- to rrot.......tlhl" ulue ofthl" I'H'('<:rt~ amllender's, rights
<br />in the Property, lender's actions may include pa}-ing an)' sums ~'\:url-d b~ .1 lil"n \\hl.:h has rr...rit~ l"er tbis Security
<br />Instrument, appearing in court. p3}~'llg reasonable altorne~s' r~'S and enlenng ,'n the I'H'('<:rl~ I" make rerain." A\lbough
<br />Lendennay lake aclion underthis raragraph 7, lenderdoo mlt hale to d,l....'
<br />An)' amounts disbursed b}' lender under Ihis paragraph -; shalllx....."me .I,I<IIII,'"al t1d't ,lf B\lf",\\er ~""'ured by thi..
<br />Securit}' Instrumelll- Unles.s Borrow",r and I.end",r agree to olher terms l,f r-I~ melll. lhe..e ,,""'UIllS shalll>car mter,"'1 f"'lII
<br />the date of disbursemenl at the :-;Ole rale and shall bt: ra~al>le. \\lIh mll'I,'sl. 111"'11 Iwtl.:,' fH'm Lemkr Il' B"H"'lel
<br />requesling p3lim"'"t
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