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<br />UNIFORM COVENANTS. Borrower and Lender covenan~ and agree as follows:
<br />1. Payment of PriIIclpalllid Interest; Prepayment and Late Charges, Borrower shall promptly pay when due
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />2. Fundllfor Toes and IlIIlII'IUIce. , Subjeclto 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-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, irany; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortgage insurance premiums, ifany. These items are called "escrow items." Lender may estimate the F'lnds due on the
<br />basis of curient data and reasonable estimates offulure escrow Items,
<br />The Furlds 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 irLender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Lender may notc:harge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless
<br />Lender pays Borrower inlerest on the ' Funds and applicable law permits Lender to make such a charge. Borrower and
<br />Lender may agree in writing toot iilterest shall be paid on the Funds. Unless an agreement is made or applicable law
<br />requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower. without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />JlUI'P05C for which each debit to the Funds was made. The Funds are pledged as additional 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 dates of the escrow items, shall exceed the amount required to pay Ihe escrow items when due, the excess shall be,
<br />at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />amount of the Funds held by Lender is nOlsuflicient to pay the escrow items when due. Borrower shall pay 10 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 10 Borrower
<br />any Funds held by Lender, If under paragraph 19 the Property is sold or acquired by Lender, Lender shall apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender at Ihe time of
<br />appl~tion all a credit against t he sums secured by this Security Instrument.
<br />3. Appllc:adon of Paymenll. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs I and 2 shall be applied: fint, to Iale charges 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 />., CIlUllll; IJeaI. Borrower shall pay all taxes. assessments, charges, fines and imposilions attributable to the
<br />Propeny which mly IlIlin priorit)', over this Scl:urity Instrument, and leasehold payments or grollnd milS, if !lny.
<br />Borrower shall pay these obligations in the manner provided in paragraph 2, or if nOl paid in that manner, Borrower shall
<br />pay them on time directly to the penon owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish to Lender
<br />receipts evidencinsthe payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />qm:s in writillJ to the paymmt ofthe obligation secured by the lien in a manner acceptable to Lender; (b) contests in good
<br />faitb the lien by, or defendl apinlt enforcement of the lien in, legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeiture of Dny part of the Property; or (c) secures from the holder of the lien an
<br />llreement satisfactory to Lender subordinaling the lien 10 this Security Instrument. If Lender determines that any part of
<br />the Property is subject to a lien which may attain priority over this Security Instrumenl, Lender may give Borrower a
<br />notice identifyinS the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above witbin 10 days
<br />of the givillJ of notice.
<br />5. Huanllauruee. Borrower shall keep the improvements now existing or hereafter erected on tbe Propeny
<br />insured against 1051 by fire. hazards included within the term "extended coverage" and any other hazards for wbicb Lender
<br />requires insurance. This insurance shall be mainlained in Ihe amounts and for the periods thai Lender requires. The
<br />insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shal1 be acceptable to Lender and shall include a standard mortgage clause.
<br />Lender shall have the risht to hold the policies and renewals. If Lender requires, Borrower shall promptly give to Lender
<br />all receipts of paid premiums and renewal notices. In the event of loss. Borrower shall give prompt notice to the insurance
<br />carrier and Lender. Lender may make proof of 1051 if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing. insurance proceeds shall be applied to resloration or repair
<br />of the Property damaged, 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 1es.<;Clled, the insurance proceeds shall be
<br />applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. If
<br />Borrower abandons the Property, or does not answer within 30 days a notice from Lender that the insurance carrier has
<br />otrered to settle a claim. tben Lender may collect the insurance proceeds. Lender mllY use the proceeds to repair or restore
<br />the Property or to pay sums secured by this Security Instrument, whether or not then due. The 3O-day period will begin
<br />when tbe notice is given.
<br />Unless Lendu and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amounl of the payments. If
<br />under paragrapb 19 the Property is acquired by Lender, Borrower's right to any insurance policies and proceeds resulting
<br />from damqe to the Property prior to the acquisition'shall pass 10 Lender to the extent of Ihe sums secured by Ihis Security
<br />Instrument immediately prior to the acquisition.
<br />6. Prelenatlon ad Malateaaace or PropeJ1r; Leaeboldl. Borrower shall nol destroy. damage or substantially
<br />chanse tbe Property, allow tbe Property to deteriorate or commit waste. If Ihis Security Instrumenl is on a leasehold,
<br />Borrower shall comply with the provisions of the lease, and if Borrower acquires fee title to the Property. the leasehold and
<br />fee title Ihall not merle unless Lender agrees to the merger in writing.
<br />1. Protecttoa of Lender.. Rlpuln tbe Property; Mortll8RC Insurance. If Borrower fails to perform the
<br />covenants and agreements contained in this Security Instrumenl, or there is a legal proceeding thai may significanlly affect
<br />Leader'I nabtl in the Property (such all a proceeding in bankruptcy, probale, for condemnalion or to enforce laws or
<br />l'CJUlations},then l..ernkt may do and pay for whatever is necessary 10 protect the value of the ProperlY and Lender's rights
<br />in the Property. Lender'I Ktionl may include paying any lums secured by a lien which hDS priorit)' over this Security
<br />Instrument, appearins in court, payinS reasonable attorneys' fees and entering on Ihe Propert)' 10 make repain, Although
<br />Lender may take ac:tion under this paralr.ph 7, Lender docs not hbve to do 50,
<br />Any lUI'Iounll disbursed by Lender under Ibis paragraph 7 shall become addilional debt of Borrower secured by this
<br />Security Instrument. Unleu borrower and Lender Isree to other terms ofpaymelll. .hese amounfS shall bear interest from
<br />the date of disbursement at tht Note rate and ,hall be payable, with interest. upon notice from Lender to Borrower
<br />reqllCltinl..yment.
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<br />88- 103113
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