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<br />UNIFOllM COVENANTS, Borrower and Lender covenanl and agree as follows:
<br />1. Po)'ment of Pril1cipal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due
<br />the pnncipal of and interest on the debt evidenced by lhe Note and any prepaymenl and late charg\!ls due under tile Note,
<br />2. Funds for Taxes and Insurance, Subject to applicable law or 10 a wrilten wah'er by lender, Bprrower shall pay
<br />to Lender OIllhe day monthly payments are due under the Note, until the Note is paid in full, a sum ("Funds") equal 10
<br />one-twelfth of: (a) yearly tlllles and assessments which may altain priority over this Security Instrument; (b) ye-arly
<br />leasehold payment~ or ground f'~nIS on the Property. if any; (c) yearly hazard insurance premiums; and (d) ycarly
<br />mortgage insurance premiums, ifany, These items are called "escrow items." Lender may c:stimate the Fun~sdue onlhe
<br />basis of current data and reasonable cstimales offuture escrow items. '
<br />The Funds shall be held in an inslitution lhe deposits or accounts of which are insured or guaranteed by a federal or
<br />stale agenc)' (including lender if Lender is such an institulion). Lender shall apply 1 he Funds to pay the escrow items.
<br />Lender may not charge for holding and applying the Funds, analyzing the account or verifying the <.-scrow ilems, unless
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender 10 make such a charge. Borrower and
<br />Lender may agrl.... in writing that inlerest shall be paid on the Funds. Unless an agreement is made or applicable law
<br />requires inter<.'St to be paid, Lender shall nol be required to pay Borrower any inlerest or earnings on the Funds, Lender
<br />shall give to Borrower. without charge. an annual accounting of the Funds showing credits and debils 10 the Fund~ and the
<br />purpose for which each debit to the Funds was made, The Funds are pledged as additional security for the sums secured by
<br />this Securily InSlrUmenl,
<br />If Ihe amount of the Funds held by lender. together with the fUlure monthly payments 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 l:lICCSS shal! be,
<br />at BorrOl,..er'\ opllon, euher promptly repaid to Borrower or (Tediled to Borro;\'er on monthly pa}'menIS of Fun::ls. Iflhe
<br />amount of the Funds held by lender is nOI sufficient 10 pay the escrow Uems when due. Borrower shall pay to under any
<br />amounl necessary 10 mak.: up the deficiency in one or more paymenls as n:quired by Lender.
<br />Upon payment III full of all sums secured hy thIS Security Instrument, Lender ~hall promptly refur.d to Borrower
<br />any Funds held by lender. If under paragraph 19 the Properly i~ '<lid or acquired by lender, lender shall app'}', no Ialer
<br />Ihan immeJ!alely prior 10 the sale of Ihe Properly or us acqUisition by lender, any Funds held by Lender at the rime of
<br />apphcalion as a credil agalllstlhe sums secured by thIS Securily Inslrumen!.
<br />3. ApplicatiDn of Pa)'ments. Unless applicable law provides otherwise. all payments received by Lender under
<br />paragraphs I and 2 shall be applied: firsl, 10 lale charges due under the Note; second. to prepayment charges dlle underlhe
<br />Note; Ihird, 10 amounts payable under paragraph 2; fourth, 10 Interest due; and last, to prindpaI due.
<br />4. Charges; Liens, Borrower shall pay alltnlles. assessments. charges, fines and impositions allributable 10 the
<br />Properly which may all am priority over this Security In"rumen!. and leasehold payments or ground rents. if any,
<br />Borrower shall pay Ihese obhgatlOns m Ihe manner proVided m paragraph 2, or If not paid in that manner, Borrower shall
<br />pay them on lime directly to the pen;on owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />10 bc paId under this paragraph, If Borrower makes tht:!>e paymenh directly. Borrower shall promplly furnish 10 l.ender
<br />recelpls evidenclllg the payments,
<br />Borrower shall promptly discharge any lien which has pnont}' o\'Cr this Secunty Inslrument unless Borrower: (a)
<br />3gr<:e> m writmg 10 the payment oflhe obligation secured b~' the hen m a manner acceplable 10 lender; (bl contests III good
<br />fallh the hen by, or defends agamst enforcement of Ihe hen 1Il. legal procecdmg'> whIch m the Lender', opinion operaletp
<br />prevent the enforcemenl of Ihe hen or forfeuure of any parI of the Property, or (c) securo from the holder oflhe hen;m
<br />agreemenl sallsfaclory to Lender subordmatmg the hen 10 IhlS Secunl~ In'lrument If Lender delernuncs thaI an~ ran oj
<br />the Properly IS subject 10 a hen which ma~' allam pnonty o"er tlll' Se...unl~ Instrument, Lender ma~' gi\e Borrower a
<br />nOllce idenufying the hen, Borrower shall satisf~' the hen or lake one or more of I he acll(ln~ set fOrlh aoo\'e wllhm I 0 da~ \
<br />of the gi\'lIlg pf noUce.
<br />5. Hazard IDslU'aJll:e. Borrower shall keep the IIllpro\'emenls now ell1Sling or hereafler erccled on Ihe Propen~
<br />m~ured against l(ls~ by fire. hazards mcluded wlthm Ihelerm "e~lellded coverage" and an~' other hazards for which Lender
<br />requires insurance, TIllS msurance shall be mamlamed m Ihe amounts and for the periods that Lender requires The
<br />IIlsunmcc carrier prondmg the m~urance shall he l'ho..en h~' Borrower subJecI 10 Lender'~ apl'nwal which shall 1I0l b--
<br />unreasonably withheld
<br />All IIlsurance pOIK'1CS and renewals shall be acceplable 10 Lender and shalllllclude a standard mon~age ,-lau,e
<br />Lender shall Ita\'e the nght to hold the policio and renewal~ If Lender requm:s, BorTOw'er ~hllll promptly gi"e 10 lender
<br />all receipts of paid premiums and renewal nOlices, In the eH~nl of loss. Borrower shall gl\'e prompl nOlice 10 the m\ur.tnce
<br />carrier and Lender, Lender may make proof oflOS!> If not made promplly by Borrower
<br />Unless Lende:r and Borrower olherwise agree III wnllng. m\urance pro...eeds ..hall be applied 10 resloration or rcran
<br />of the Propeny damaged, if the rCSloratwn or repair b economically feasible and Lender', security i.. notlcs!oCned If Ihe
<br />restoration or repair is not economIcally feasible or Lender's !>Ccunr~ would be k...,ened, Ihe ,",umnce: procero.. ~hall be:
<br />applied 10 the sum.. secured b~' IhlS Secunl) In~trumenl, whether or nOI then due, with an) e~...es~ paid 11' B(lrrower If
<br />Borrow'er abandons Ihe Propenl. or dol."S nol answer wllhm 30 day.. a nnllcc from Lender thai the in~urance carrier ha.
<br />offered to sellle II clann. Ihen 1 ender may collecl the msurance proceed~ Lender may u~e Ihe pmceeds to repair or rCSIO~
<br />the Propeny or 1(1 pay \um.. ,ecured by th" Secunly Instrument, w helher or nol Ihen due The 3D-da} perIOd ...'i11 bt:gin
<br />w'hen 1e notIce IS gl\'en
<br />Unless Lender and Borrower otherwise: agree in wrllmg. any apphcatJlln of rn)I.'eed..1l1 pnncipal..hall not e,tend or
<br />postpone Ihe due date of the monthl)' pa)'menls referred to m paragrllphs I and 2 or change: lhe amounl oflhe paymenl' If
<br />under paragraph 1'1 Ihe: Properly is acqUired by Lender. Borrower's righllO any insurance poliCIes and proccc.-d\ resulting
<br />from damage 10 lhe Prnpcrly prior to the acquisition ..hall ras, 10 Lender 1(1lt1l' e~lenll1fthe 'U11l' ..t....ured l>~ thl' Se,'unr~
<br />In,trumenllmrne:dlalc!y pnm IOlhe IIcqulsulon
<br />6. Preser"ation and Mainlenanee of Property; (..('Jlscholds. lIorrn"t'1 ..halllll1t d~"'lrn~. dama~e or ..ubsl.antI311~
<br />ch:mgc Ihe Pwprrly, allow Ihe IJm~erlY I,' deteriorate or L:omttlU u'a,te If tIll, Se,'urll~ InQrumel1l " ,'II a 1t'3\ehnld.
<br />Borrower \hall comply wilh lhe prm'islOns oflhe lease. and .fBorro"er a,'quITe\' fec IlIle tl1thc Pmpcny, the leasehold 311d
<br />fee IlIle shall nlll merge unless Lender agrel'S to Ihcmerger III wTlllng
<br />7. Prilifflloo or l..enftr'll Rlghti in Ihe Pra;ll!rt,'; Mortl;lll:t' Insurance. If Borrower fall, I., pcrf,'rlll Ih,'
<br />co\'ellJlnt~ and agreemenh ,'"nlame:d IIllhis Sl'l'urily Inslrument. or Ihere "a legal proct'edmg Ihat Illa~ S1plllkallll~ :JtTl'\.'f
<br />Lender's nghh III the: J'rof>Crt~' (sudl as a prnt:eeding in l>lInkl'uptq. pwhale, fill ,'l'ndelllllatll)n "r I" t'nf.'r,'\' law, .'1
<br />rellulallons). then Lender may' do and ray for whalclcr ... ncc",....ry to pr(1It'('11 he "alue ,'flhe "wl"'ny and lender', l'1"ht,
<br />IlIlhe i'wperty, I.cllder's acllolls may IIlclude paYlIlg IIny sUm' sCl'ured h} a Iren \\hldl ha, I'nnTlI} ,l\'\'T lIltS S,',:ur'It~
<br />Instrumenl, IIJlpcilllng III courl. paying reasonable allorne~'''' fecs /llld elllenng on the Prnpcl'1\ h' ilia!..,' I'q'alr, Although
<br />Lender may lala~ "l'tlOIl under IhlS parngr3ph 7, Lender does nol ha\e to dn so
<br />Any llfflOUIlI.. dlshursed h~' Lender ullder this panlgmph 7 shall he\'l)me add It "'" a I .khl I,r Born." <'I ,"','"r,'<1 h~ thl'
<br />Sccunry Illstrumenl Unit" norruwer 11IId I.ender agree 10 olhcr Ie:rllls ofJlay II1cn1. Ihc,c aUlllUlll, ,hall hear IlIlClC" 111'111
<br />lite dalc of d"hur.....mt'1I1 '" Ihl ...."t'l' 1OI1l' lInd shitll hI I'a\ ahle, \lllh lIlt..r..,1. "1',lIt Ill'fl,'t' fWI11 I ('nJcl ", Borr,.","
<br />r('lluollng p:') III""
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<br />108022
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