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<br />UNIFORM COVEN^NTS. Borrower and Lender LUvenant and agree as follows:
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<br />I. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due the
<br />principal of and interest on lhe debt evidenced by lhe Note and any prepayment and late charges due under rhe Note,
<br />2. Funds for Taxes and Insurance. Sublect to applicable law or to a written waiver by Lender. Borrower shall pay ro
<br />Lender on the day monthly payments are due under the Note. until the Note is paid in full, a sum ('"Funds", equal ro
<br />one-twelfth of: (a) yearly taxes and assessments which may atlain priority over this Security Instrument; (b) yearly leasehold
<br />payments or ground rents on thc Properry, if any; (c) yearly hazard insurance premiums; and (d) yearly morrgage insurance
<br />premiums, if any, These ilems are called "escrow items," Lender may estimate the Funds due on the basis of current data and
<br />reasonable estimates of JUlure escrow ilems,
<br />The Funds ~hall be held in an institulion lhe deposits or accounlS of which are insured or guaranteed by a federal or
<br />state agency (including Lender if Lender is such an institution), Lender shall apply the Funds to pay the escrow items, Lender
<br />may nOl charge for holding and applying lhe Funds, analyzing the account or verifying the escrow items, unless Lender pays
<br />Borrower interest on lhe Funds and applicable law permils Lender ro make such a charge, Borrower and Lender may agree in
<br />wriling that interest shall be paid on the Funds, Unless an agreement is made or applicable law requires interest to be paid,
<br />Lender shall nor be required to pay Borrower any interest or earnings on the Funds, I.ender shall give 10 Borrower. without
<br />charge, an annual accounting of the Funds showing (redits and debits to the Funds and the purpose for which each debit ro the
<br />Funds was made. The Funds are pledged as additional secoriry for the sums secured by this Security Instrument,
<br />If the amount of the Funds held by Lendet. together with rhe future monthly payments of Funds payable prior to rhe
<br />due dates of the escrow ilems. shall exceed Ihe amuunt required to pay the escrow ilems when due. the excess shall be. at
<br />Borrower's option. either prumptly repaid to Borrower or credited IU Borrower on monthl1 payments of Funds, If the
<br />amount of lhe Funds held by I.ender is nur sufficient 10 pay Ihe escrow ilems when due, Borrower shall pay to Lender an)'
<br />amount necessary tu make up I he defiClC:n'1' in one or more payments as rt'<Juired by Lender.
<br />Upon payment in full of all sums secured by this Security Instrument. Lender shall promptly refund to Borrower any
<br />Funds held by Lender. If und..r paragraph 19 the Property is sold or acquired by Lender. Lender shall apply. no later than
<br />immediately priot to the salc of the Property or its acquisition b)' Lender, any Funds held by Lender at the rime of :lpplication
<br />as a credit against the sums secut..d b)' rhis Security Instrument.
<br />3. Appli::ltion of Payments. Unless applicabl.. law provides otherwise. all payments received by Lender under
<br />paragraphs 1 and 2 shall be applied: first. 10 lare charges due undcr Ih.. NOIe; second, 10 prepayment charges due under the
<br />NOIe; third, to amounts payabl.. under paragtaph 2; fourrh. to Intcrest due; and lasl. 10 principal due,
<br />4. Charges; Liens. 8orrower shall pay all 'alles, assessments. charges. fincs and impositions attriburable to the
<br />Properry which may atlain priority '1\'er Ihis Secutity Instrument. and leasehold payments lit ground rents. if an). Borro,,'er
<br />shall pay Iheseubligations in the mannet pruvided in paragraph 2,ur if nol paid in Ihat manner. Borrowersh~1I pa)' them on
<br />time directly to the person owed payment lIurruwc:r shall promptly lurnish !U lcnder all nurices of amuunts ro he paid under
<br />this p;sragraph, If Burrower make. Ih",c: payments dlfl:ctly. Borrower shall promptly furnish to Lender rt'Ceiptse\'idencing
<br />the paymems,
<br />Borrower .hall prompdy discharge any li..n whIch has priuriry uver rhls Serutll)' Instrumem unless Borruwer: la)
<br />agr<<s in writing 10 Ihe paymem ul I he obllgallon sccur<'u by I he hen III a manl1l:r acceptablc tu lender; (bl cumests in good
<br />faith the lien by, or defends agamsl ..nlurccmenr ul the h..n in,lellal prueeedinlls which in the Lenders upinion operate tu
<br />prevem the enforcement uf lhe lIen or lurlelture of any parr uf thc I'rop..rry; ur l() secures from the holder of the !it'll an
<br />agrn<ment salis/acrory to Lender subordinaling Ihe li..n to this Securily Insrrum..nt.1f Lendet delermines that any part uf the
<br />Property is subject to a lien whieh may attain priority over Ihis Securit), In..rumem. Lender may give Burrower a nl.ria:
<br />idemifying the lien. 8urruw.., shall ''''IS/)' lht' lien Ullak.. une ur murt' Ilf Ihe aCliom ser forth above within III da)'s of the
<br />giving of nutice,
<br />5. Huard Insurance. Bmruwer shall ket'p Ih.. IInprU\'emt'nts now exisllng ur hert'afr..r crt'<.-red on tht' Properry
<br />insured against 10" by fire, haurds IIldud..d ...."llIn the I..rm "exI..nded wvera/:e" and any mher hazards lor which Lender
<br />requires insurance. This in.urance shall he maimained III th.. amounts and lor th.. periods Ihat Lender requires, The
<br />insurance carrier providing the insuranr'e shall he (host'n by 8orrower subjen III Lend..rs approul ....hich shall nol be
<br />unreasonably withheld.
<br />^ll insurance poliCIes and n:newal..hall bc:ac(eprablt. 10 Lender and shall mclude a slandard mortgage clause, Lender
<br />shall have the right 10 hold Ihe pulicies and renewals. If I.r:nder requlres.llorro....er shall promptly give lu l.ender all receipts
<br />of pilid premiums and renewal notices, In Ihe evelll ulloss. 8urro......r shall give prompl notice to Ihe Illsurance carrier and
<br />Lender. Lender may make proof uf lu.. .f nul made prnmptl)' by Burruwt'r
<br />Unless Lender and Borrower urhetwi.c agn.., m wtllmg. msurance pructtds shall be applied w testoration or repair
<br />of th.. ProperlY damaged, If rhc restorariun or tepalr IS ecunullllcally feasible and tender's secoril)' is nut Icsscned.1f the
<br />restoratiun or repair IS nOI eo:onomically fcasible: ur l.cndet'. 'Cl'ur"y v.'uuld he lessent-d. Ihe insurance proceeds shall be
<br />~pplied to Ihe sums se(ured by Ihis Security Inslrum..nt. wheth..r or nut Ihell due. wilh any exccss paid to Borrower. If
<br />Borruwer abandons Ihe Property. or doc:s nul answer wuh," ~() da)'s a "oli.." frum I.ender rhalth!: insurance carrier has
<br />offer..d roserrle a daim, Ihen l.ender may wll..o Ihc ,"sutance prucceds Lender mal' us.. Ihe pton..,ds III repair." reSlore thc
<br />Prupertyor 10 pa)' sums se(ured by thIS Securuy Instrument. whelher or nor then due The 3U-day period ..,ill begin ,"'hen the
<br />nOI i{C~' is ~i"cn.
<br />Unless Lender and Borruwet ulherw.", agrt'l' '" ,,"'flung. any appl,(al,on uf prucceds 10 prlOupal .hall not extend ur
<br />postpune Ii. ,due dale uf the monchl)' payments rderrt-d tu in paragraphs I and 2 ur<hange Ihe amuunt uf Ihe payments. If
<br />und..r paragraph I') the Propetty IS acquired by Lender. lIorrower's flghl to any IOsuran..e pull<i", and prucc:eJs r",ulullf'
<br />from damage rn the Property prior to the acquisition shall pass to Lendcr 10 the eXlcnt of thc sums securcd b)' this Set'Uril)'
<br />Instrumrnc immedialely prior ro the acquisition,
<br />6. PreICn'ation .nd Maintenance of Propen)'; I..easeholds. Borruwer ,hall nul de" "'l', damagt' or .ubsranllall)'
<br />(hange the Properly, allow rhe Property III d..wrimalt' or mmmu v. aSlt' It Ih" SelufllY lns!rumenr " on a leasehuld.
<br />Burruwer shall comply wilh Ihe provisions uf the lease. and if Borrower acqUIres let, rille to d,c !'rupert)', rht'leasehuld and
<br />fer litle ~hall nOI mt'rge unleu Lender agr<<s tll the mt'tgcr in writing,
<br />7. Protection of Lender', Ri8hts in the PropenYl Monpge Insurance. II 8urruwer fails 10 perform Ihe co\'cnams
<br />and agreelDt'nts contained in Ihis Security Instrument. or thert' is a le!!al proct...-din/o: that mal' signilicamly affecr Lender'.
<br />rillhlS in the Property (such u a procceding in bankruplt')'. prubatc. for cnndt'rtllUIIUn or to enforce laws or regulllionSl.lhen
<br />Lender may do and pay for whatever is necessary to prolrctth.. valuc 01 the !'ruperty and tender's "!lhts in the Property,
<br />Lender's anion. may ,"dudr paying any sums sl.'CUtt'\lby a lien which has prionry lIS'..r tillS Securiry )ns!rumenl. ap~ujllg in
<br />courl, paying realOnable .!torneys' fees and I'mering un lhe Ptllperty 10 makc repairs Although Lender ma)' lalo.e actinn
<br />under Ihis puallUph 7. l..rndt'r dot's not havt. 10 do 0(',
<br />Any i1mt>utllS disbur~d by l..rndt'r und..r tl1l5 paragraph 7 .h.1I hemme addu,on,,1 deb, uf lIurrov.'l'l .....,J(,-J b)' Ihis
<br />S<<urily Insrrumrnt, Unleu Borruwt't and I....nd..t altrer tllUlher I"rn" of pa)'mc!ll, rhes.. amoum. .1,,"11 hellllOrl'r...sr fnlln
<br />Ihtdlft'ofdisburM'mrnt althe NutI' ral.. and shall be I.a)'abl... wuh ,"ll'rt'5I, upun nutlet. frum l.cnder lul\nrruw,', n"l"('Sllllg
<br />".rmrns
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<br />88-103073
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