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<br />88-
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<br />102859
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />I. Payment of Prlndpal and Interest; Prepayment and Late Charges. Borrower shall promp.'y pay when due
<br />the principal of and ir.tere.t on the debtl'videnced by Ihe 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 wriUen waiver by lender, Borrower shall pay
<br />to lender on the d!lY monthly payments are due under the Note. until the Note is paid in full, a sum ("Funds") equal to
<br /><me-twelfth of: (a) yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly
<br />leasehold payments or ground rents on the Property, if any; (c) yearly hazard 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 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 agcllCY (including Lender if Lender is such an institution), lender shall apply the Funds to pay Ihe escrow items.
<br />Lender ma}' not charge for holding 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 10 make such a charge. Borrower and
<br />lender may agree in writing thllt interest shall be paid on the Funds, Unless an agreement is made or applicable law
<br />requires IIIlerest to be paid, Lender shall nOI be required to pay Borrower any interest or earnings on Ihe Funds. Lender
<br />shall give to Borrower, without charge, an annual accountlllg oflhe Funds showing credits and debits to the Funds and the
<br />pul'pO!>e for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by
<br />this Secunty Instrument.
<br />)f the amount of the Funds held by lender, togelher with the future monthly payments of Funds payable prior to
<br />the due dales of the escrow items. shall eJlcec:d the amoulll required to pay the escrow items when d1.:e, the excess shall be,
<br />at Borrower's option. either promptly repaid 10 Borrower or credited to Borrower Of' monthly payments of Funds. If the
<br />amoun! of the Funds held by lender IS not sufficient 10 pay the (."SCrow items when due, Borrower shall pay to Lender any
<br />amount n~essary to make up the deficiency in one or more payments as required by lender.
<br />Upon paymem In full of ail sums secured by thiS Securit~' Instrument. L.ender sll!lll promptly refund to Borrower
<br />anv Funds held by Lender. If under paragraph 19 the Property IS sold or acquired by Lender. lender shall apply, no later
<br />than Immedialely pnor 10 the sale of the Propeny or ils acqUlslllon by lender. any Funds held hy Lender at the time of
<br />apphcallon as a credll agamst the sums secured by Ihis Secunty Instrumenl
<br />3. Applicatioll of Payments. Unless applicable law proVides olherwlse. all payments received by Lender under
<br />paragraphs I and 2 shall be applied: firM, to late charges due under the Note, second. 10 pn:payment charges due under the
<br />NOle; ,hud. 10 amounts pa)'able under paragraph 2; fourth. tl) IIllcrest due; and lasl. tn pnnclpal due.
<br />4. l.1arges; U..I1S. Borrower shall pay all taxes. assnsnu:nts. charges. tines and Impositions allnbulahle 10 the
<br />Properly which may allaln pnonty over thiS Secuflty Inslrumenl. and leasehold payments or ground rents. if any.
<br />Borrower shall pa~' these obhgallon:'o lIllhe manner pnwlded 111 paragraph 2, Ill' If .1111 paid In that manner, Borrowo;r shall
<br />pay them'n tune dlre<.'tly to the pef!.on owed pol)'menr Harrower shaJJ promptly furnISh to Lendo;r allnotKcs of amounts
<br />10 be pllld under thIS paragraph. If Borrower makes thC">e paymenls dlre<.'ll) , Bnrrn,,'er \hall promptly furnISh 10 Lender
<br />re..'elpts cVldenclIIg Ihe payments
<br />Borrower \h,,1I pramplly discharge any hen whICh has pnnrHy ",,'cr tlm So;nmty Instrument unless Borrower: (a)
<br />agrees 111 wnllng 10 the payment of the obhgallon secured hy the hen III a manner a.'<:eplllble 10 Lender; (b) contests 111 good
<br />flllllt the hen hy. ('1' defends agalllM enforcement of the hen Ill. Ie:gal proceedlllgs which III the lcnder\ oplllion operate 10
<br />preHnt Ihe enforcement of the hen or forfel1ure elf any part of Ihe Property; or (<.') sc<.'ures from the holder of the hen an
<br />agreement \all:'ofactor)' to LLnder sut>ordm3ling the hen IOlhlS SecurllY Instrument. If Lende:r de:terrnml"S thaI any part of
<br />the Property IS sUb)e<.'1 to a hen whl<.'h may all:lln pnonty over this Secunty Instrument. Lender may gn'e Borrower a
<br />nOllce ,denllfymg the hen Horm,,'er shall !>lIlIsfy the: hen or lake one or more: of Ihe ;,cllOns set forth above within 10 days
<br />of t he: gl\'mg of nollee
<br />5. Hazard )nsuranrl'. Borrower shalll.ee:p Ihe Imprnvemenls now eXlsllllg or hereafter erecled on the Properly
<br />IIIsured against 10'>\ b) tire. h:ll;\rds Induded wllhlllthe lerm "extended coverage" and uny other hazards for which Lender
<br />requlfC:s IIIsur:mce. ThIS lI1'uralll:e shaJJ he mamtallled In the amounts and for the penods that Lender requires. The
<br />mSUr.lllCe carn('r pro\'1dmg Ihe Insurance: shall he <.'hosen by Bon'ower subJe.'1 to Lender's approval which shall nOI be
<br />unre.ao.onably,..thhdd
<br />All In,uraJ:<.'c pohcles .Illd rcnewals shall he acceptable to Lender and shalllllclude a standard mortgage clause.
<br />Lender shall have lhc fight tn hold Ihe pohclo and renewals If Lender reqUires. Borrower shall promptly give 10 Lender
<br />all receipts of p;ud prelTllUmS and rellewal.lOlIces. In the e"o:nt of lo~. Borrower shall give prompt notice to the msurance
<br />C;trner and Lender lender may ma~e proof of los\ If 1I0t made prompt I} by Borrower.
<br />LJnlCl>~ lender and Borrower OIherwlsc agree 111 wnlIng. Illsurance proceeds shall be applied 10 restorallon or repair
<br />of the Property' lhmaged. lf Ihe rcstorallOll or repHf IS e.:onomlcally feasible and Lender's se...'urity IS not lessened. If the
<br />reslOr.tIIon or repalr IS not ~onomICOlIl)' f asible or Lender"s st:CUnI)' would be lessened. the insurance proceeds snail be
<br />applied W Ihe sums secured by rhls SecunlY Instrumenl. whelher or not then due, with any excess paid 10 Borrower. If
<br />Borrower abandons Ihc Property. or does not answ'er wlthlll 30 days a notice from Lender that the insurance carrier has
<br />olTercd 10 Scttle a dum. then under may collect the II1suran<.'e pnlCet.-ds. Lender may use the proceeds 10 repaIr or restore
<br />the Property' or to pay sums secured by thIS Sc:cunt) Instrument. whelher or nOI then due The 30-day penod w111 begm
<br />when the lIollce IS gl\'cn.
<br />Unle<.s Lender and Borrower olherwlSe agree 111 wntlllg. an) apphcatlOn of proceeds 10 prinCIpal shallnOl nlcnd or
<br />postpone the due date of the monthly payments referred 10 111 paragraphs I and 2 or change the amount of tile payments If
<br />under paragraph )Q Ihe Properly IS acqUired by' L.:Jlder. Borrower's nghtlo any lusuranc~ policies and proceeds ro;sultlllg
<br />from damage h) the Propeny pnor tt; the aCl.fulSll101l shall pa'-.s to Lender to the extent of the sums secured by thiS Se.:unty
<br />Instrumell1 Immediately pnnr 10 the acquIslllon
<br />6. Presenation aod :\tnintenance of Property; L.eas.eholds. Borrower shall not destfl)Y. damage or substanually
<br />change Ihe ProPCrlY. allow the Propeny 10 delenorate or commll waste If thiS Secunty Inslrumenl IS on a leasehold.
<br />Bon wer shall comply wllh Ihe pronslOns of the lca........ llnd If Borrower acqulfC:s fee Wle 10 the Properl). the leasehold and
<br />fee tll!e ,hall !lOI merge unl,-,",s Lender agrees to the merger 111 wnllng.
<br />7. I'rotectioll of Lender's RiRhts in Ihe Property; Mort~lle Insurance. If Hormwer fatls 10 perform the
<br />covcnants and agreemenls eont:uned III this Security Instrument. or there IS a legal prpccedlllg thaI nm\' slgmnclInlly aff.-':-l
<br />I.ender', TIghts 111 Ihe Propen)' {such as a proceeding 111 bankruplq'. probate. for condemnalllHl or I,' o;nforce law, or
<br />rellu!3tlOns}, thcn lcnder may do and pay for whale"er is necessary' 1<1 prolectthe value oflhe Properly' and Lcnder', ngh...
<br />1CI the Property. Lender', ae!lons may mdude pa)'lIlg any sums 'oel'ureJ hy a hcn whIch has prlllnty (Wer IlllS Sc<:unty
<br />IW'lmment, ap!,cllnng In court. pll)'lIlg reasonable attorneys' fee<; and cnlenng on Ihe Properl) It) male repair'> Ahlh11l11h
<br />l.cntler may t'llc actwn under rhls paragraph 7, Lender does not h3ve 10 do s"
<br />I\n)' llmounts dl'>bur<;ro by I.ender under thIS paragraph 7 ,halll>c<.'('I1H: lid(hllonal debt (If Horr,,"'er ,cs'ur..-J b~ 1 hI'
<br />Sox'unty Inslrurncnl l.\nlc<;\ f)<lrwwer and l.ender agrei: 10 olhcr lerrm "f pa~l1lcnl. I he~.e amounts shall bear mtl'n...1 fmm
<br />lit" d~IC of tllsbur'ooCmenl al lhe NOle rnle and shall he payao!e. wHit Illter"'l. IJron nollcc from t clllkr 10 B"'Il"'C!
<br />requeulIl,il paynl(~nt
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