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<br />UNIFORM COVENANTS, BorrowerandLende~covenanlandagreellsfollows: ~g_1 l}ry-J t.;.t:!
<br />I. P.,....t 01 Principal and I.terest; Prepa,ment a.d Late Charaes. Borrower sIlL" proitttll~ "~e"'due
<br />Ihe priRl:ipalllfand inlere!!t on Ihe debt evidenced by Ihe Nole and any prepayment and late charges due under Ihe Note,
<br />2. Fundi lor TUeI anelluurance. 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-twell\h of: (a) yearly taxe!! and assessments which may altain priority over this Security Inslrument; (b) yearly
<br />leasehold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortwe insurance premiums, if any. These items are called "escrow items," Lender may estimate the Funds due on the
<br />basil of current data and reasonable estimate!! of future escrow items.
<br />The Funds shall be held in an institution the deposils or accounls of which are insured or guaranteed by a federal or
<br />state aaencY (including Lender if Lender is such an institution), Lender shall apply the Funds to pay the escrow items,
<br />Lender .., not cherIe for holdinl and applyinllhe Funds. analyzinl the account or verifying the escrow items, unless
<br />Lender pay, Borrower interest on the Funds and applicable law pennits Lender to make such a charge. Borrower and
<br />Lender may agree in writinl that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br />requires inlerest to be paid, Lender shall not be required to pay Borrower any interest or earnings on Ihe Funds, Lender
<br />shall give to Borrower. without cha,ge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as addilional security for the sums secured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender. together with the future monthly payments of Funds payable prior to
<br />the due dales of the escrow items, shall exceed the amount required to pay the escrow items when due. the ellcess shall be.
<br />at Borrower's option, either promptly repaid to Borrower or credited to Bprrower on monthly paymenls of Funds, If the
<br />amount of the Funds held by Lender is not sufficient 10 pay the escrow items when due. Borrower shall pay to Lender any
<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 by this Security Instrument, Lender shall promptly refund to Borrol..-cr
<br />any Funds held by Lender, If under paralraph 19the Property is sold or acquired by Lender. Lender shall apply. no later
<br />than immediately prior to the sale of Ihe Property or ils acquisition by Lender. any Funds held by Lender al the time of
<br />application as a credit against the sums secured by this Security Instrument,
<br />3. AppIlcatlllll 01 Pa)'lae.... Unless applicable law provides otherwise. all payments received by Lender under
<br />pa,alraphs I and 2 shall be applied: IIrsl, to late charge!! due under the Note; second. to prepayment charges due under the
<br />Note; third. to amounts payable under paragraph 2; fourth, to interest due; and last. to principal due,
<br />4. CUraa; Ueu. Borrower shall pay alltalles, assessments. charges. lines and impositions auributable to the
<br />Property which may attain priority, over this Security Instrument. and leasehold payments or ground rmts. if any.
<br />Borrower shall pay these obligations in the manner provided in paragraph 2. or if not paid in that manner. Borrower shall
<br />pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paf81raph. If Borrower makes these payments directly. Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments,
<br />Borrower shall promptly discharse any lien which has priority over this Security Instrument unless Borrower: (a)
<br />1llree1 in writing to the payment of the obliption secured by the lien in a manner acceptable to Lender; (b) contests in good
<br />faith the Ilea by. or defends against enforcemenl of Ihe lien in. legal proceedings which ir. the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeilure of any part of Ihe Property; or (c) secures from the holder of the lien an
<br />..-t satisfactory to Lender subordinatinlthe lien to this Security Instrument. If Lender determine that any part of
<br />the Property is subject to a lien which may attain priority over this Securily Instrument. Lender may si\'e Borrower a
<br />notice identifyinl the lien. Borrower shall satisfy the lien or take one or more of Ihe actions set fonh above ",'lthin 10 days
<br />oflhe Bivin. of notice.
<br />5. H..,.I_. Borrower shall keep the improvements now ellisting or hereafter erected on the Property
<br />illlured apillltloa by lire. hazards included wilhin the tenn "extended COver8le" and any other hazards for which Lender
<br />requires insurance. This insurance shall be: maintained in the amounts and for the pc:riods that Lender requires. The
<br />insurance carrier providina the insllrancc shall be chosen by Borrower subject to Lender's approval whicb shall IlOl be
<br />unreasonably withheld,
<br />All insurance policies and renewals shall be acceptable 10 Lender and shall include a standard mor1Ple clause.
<br />Lender shall have the rialllto hold the policie!! and renewals, If Lender requires, Borrower shall promptly sive 10 Lender
<br />all receipts of paid premiums and renewal notices, In the event of loss. Borrower shall sive prompt notice to Ibe insurance
<br />carrier and Lender, Lender may make proof'ofloss ifnot made promptly by Borrower,
<br />Unleu Lender and Borrower otherwise: agree in writing, insurance pr~s shall be applied 10 restoralion or repair
<br />of the Property darnased. if the restoration or repair is economically feasible and Lender's security is not lessened, If the
<br />restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be
<br />applied to lhe sums secured by this Security Inslrument. whether or notlhen due. with any ellcess paid to Borrower. If
<br />Borrower abandons the Property. or does nol answer within 30 days a notice from Lender thai the insurance carrier bas
<br />oII'ered 10 settle a claim, then Lender may collect the insurance pr~s, Lender may use the proceeds to repair or restore
<br />the Property or 10 pay sums secured by lhis Security Instrument, whether or not then due, The JO.day period will bqin
<br />when lhe notice is siven,
<br />Unless Lender and Borrower otherwise alree in writing, any application of proceeds to principal shall not ell lend or
<br />poIIpone the due: date of the monthly payments referred 10 in paragraphs I and 2 or change the amounl of the payments If
<br />under parapaph 19 the Property is acquired by Lender, Borrower's right to any insurance policies and proceeds resulting
<br />from damaae to the Property prior 10 the acquisition shall pass to Lender to the elltent of the sums secured by this Security
<br />IllIIlUment immedialc:ly prior 10 Ihe acquisition,
<br />6. PNaerYat... ud MaI.te_ of PnIperfr; Laaelaolda. Borrower shall not deslroy. damage or substantially
<br />cbanse the PrOJlCrty. allow the Property to det.morate or commil waSle, If this Security Instrument is on a leasehold.
<br />Borrower shall comply with lhe provisions dthe leISe, and If Bor,ower acquires fee title to the Property, the leasehold and
<br />fee title shall not merp unless Lender apees to the merser in writing,
<br />7. PrvtectIotI of LntIer', RI..... I. the Prv,erty; Mortpp In.uranft, If Borrower fails to perfonn Ihe
<br />covenanlland ....eements contained in this Security Instrument, or there is 8 legal proceeding thai may signillcanlly all'ecl
<br />Lender'. rialltS in the Property (such II a proceeding In bankruptcy. probate. for condemnation 0' 10 enforce laws 0'
<br />replalions), then Lender may do and pay for whatever I. necessary 10 protect the value of the Properly and Lender's rights
<br />in the Property, Lender's action. may include payin, any sums secured by a lien which has priorny over this Security
<br />Instrument. appesrin. in coun, paylnl reasonable attorneys' fees and enterinl on the Property to make repairs Althou,h
<br />Lender may lake action under this para,raph 7, Lender does not have 10 do so,
<br />Any amounts disbursed by Lender under this para,raph 7 shall become additional deht of Borrower .<<urrd h)' thiS
<br />lec:urity IllIIrument, Unless Borrower and Lender alree 10 other lerms of payment, these amounls shall hear mterest fmRl
<br />lhe dltl' of dlsburwement at the Note r.te and shall he payable, wilh inlerest. upon notice from tender 10 IInrrnwer
<br />requeIlin. payment,
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