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<br />UNIFORM CoVENANTS, Borrower and Lender covenant and agree as follows: 88- 103 325
<br />I, Payment of Priaclpal and Interest; Prepayment aDd 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, FlIIIdI for Tuesod Insurance, 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.twelfth of: (a) yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly
<br />leaaebold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortgqe insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the
<br />basis of CllITCIIt data and reasonable estimates offuture 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 qency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Lender may not charae fer holding and applyins the Funds, analyzing the account or verifying the escrow items, unJess
<br />Lender pays Borrower interest on the Funds andappUcable law pennits Lender to make such a charge. Borrower and
<br />Lender may agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br />requires interat to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />IhaII give to Borrower, without charge. 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 additional security for the sums secured by
<br />this Security 11IIUUmeDt.
<br />If the amount of the Funcla held by Lender, together with the future monthly payments of Funds payable prior to
<br />the due dates of the escrow items, lihall exc:ced the amount required to pay the 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 or the Funds held by Lender is not sufticient to 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 Borrower
<br />oy Funds held by Lender, lfunder paragraph 19 the Propeny is sold or acquired by Lender, Lender shall apply, no later
<br />than im......i.t~ty prior to the sale of the Property or its acquisition by Lender. any Funds held by Lender at the time of
<br />application ..a credit apinst the sums secured by this Security Instrument.
<br />3. ~"'a-tM. 01 ~--.. Unless applicable law provides othenvise. all payments received by Lender under
<br />parqraphs I and 11ha11 be applied: lint, to late charges due under the Note; second, to prepayment charges due UDder the
<br />Note; third, to amounts payable under paragraph 1; fourth, to interest due; and wt, to principal due.
<br />... ClIarIeIi...... Borrower shall pay aU lUeS, assesaments, charges, fines and impositions attributable to the
<br />Property wbic:b may auain priority, over this Security Instrument, and leasehold pa)'IDeD" or ground reDIS, if any,
<br />Borrower IhaII pay tbac obliptions in the manner provided in paragraph 1, or if not paid iD that manner, Bu..v..... shall
<br />..y them 011 time directly to the person owed payment. Borrower IhaII promptly furnish to Lender all notices of_IS
<br />to be pIid UDder this parqrapb. If Borrower makes these payments directly, Borrower shall promptly furnish to Lender
<br />receipts cvidenc:iDa the payments.
<br />Bu......... IhaII promptly dilclwJc any lien whicb hu priority over this Security Instrument unless Bonowe!'. (a)
<br />ap'CltI in writiq to the ..yment of the obliptioD secured by the lien in a manner ~ to Leader; (b) c:oatesll in pod
<br />fai1lI the lien by, or defeDdl apiIIIt enforcement of the lien in. JepI proceedi~p. which in the Lender's opinioa operate to
<br />pI'CftIlt the enforcement or the lien or forfeiture of any part of the Property; or (c) secures from the holder or the lien 0
<br />apeeIDeIIt ..~~ to Lender subordinatina the lien to this Security Instrument. If Lender determines thai any pan of
<br />the Property is subjecI to a lien whicb may auain priority over this Security Instrument, Lender may give Bu..Oael' a
<br />DOdce identif'yiaa tIae lien. Bonower shalllBlisfy the lien or take ODe or more mthe actions let ronb above within 10 elays
<br />of the Iivin& of DOliI:c.
<br />5. ...... 1-1 r I Borrower shall keep the improvements now eaistilll or hereafter erected 011 the Praperty
<br />iDsuftd apinst _ by Ire, hazards included within the term "atended coverqe" and any other hazards for which laIder
<br />nquires iDsunDc:e. This insurance shall be maintained in tbe amounts and ror the periods that Lender requires. "The
<br />iDsuraDc:e carrier providina the insurance shall be chOleD by Borrower subject to Lender's approval which shall DOt be
<br />UDreIIClIIBbIy withheld,
<br />AU insurance policies and renewall shall be KCepUbIe to Leader and IhaII include a IIaDdanItIIlXtpF dauIc.
<br />Leader sba1l have the riabI to bold the policies and renewals. If Lender requires, Bu.~o.cr IhaII prcIIDIIdy aM to lender
<br />all reccipu of paid premiUIDII aDd renewal DOlic:a. In the event of lea Borrower shall Jive prompt DOIic:e to the insurance
<br />carrier and 1.CDder. Lender may make proof or_ if DOt made promptly by 1Iorrowcr.
<br />U.... Lender and &otfowa Olhenritc aaree in writin&. insurance proceeds shall be applied to nstontion or...
<br />of the Property 41"""" ir the restoratioIl or repair is ecoDOIIIiWly feasible and Lender's ICICIIrity is not leIIaIed, If the
<br />I'III&OnIion 01' repa- is not ec:onomicalJy rc..ible or Lender's security would lie leaened. the insurIDce prvceeds shall be
<br />applied to the sums IleC1lI'ed by this Security Instrument, whether or not then due. with any e&eeII pIid to ....vMS. If
<br />........er abuIdons the Property, or does not answer within 30 days a notice rrom Lender that the insutance carrier bas
<br />~ to ItCtJe a claim, then Lender may co1Iect the insurance proc:ceds. Lender may ute tbe proceeda to repair or TeStOR
<br />the Property 01' ro ..y IUftD _red by this Security Instrument. whether or not then due. The ]O.day period wiD beIiD
<br />..... the DOdce is Jiven.
<br />U.... Lender and Borrower otherwiie qree in writinJ, any application of proceeds to principal shall not extend 01'
<br />posIpODt the dDt dale of the monthly payments refernd to in parqraphs 1 and 2 or chanae the amount or the payments. If
<br />UDder parIIII'Ipb 19 the Property it acquired by Lender, Borrower's right to any insurance policies and proceedi resulti"l
<br />rrom cIamqc to the Property prior to the acquisition shall pili to Lender to the eatent of the sums recured by this Securily
<br />IftIlrument immeclialcly prior to the acquisition.
<br />" PI_ ....... MIII....er 01"""": I tit ~ Borrower shall not destroy, elamqe or subiWltially
<br />chaqe the Property, allow the Property to dNriorate or commit wute. If this Security Instrument is 011 a 1eIIehoId,
<br />~f"er sbalI comply witb the provisions of the leue, aDd if Borrower acquires fee litle to the Propeny, the Ieuehold and
<br />fee tidc sbalI not IDerIt unIeII Leader qrees to ,he merpr in writin,.
<br />1. PlGIIKUIa oIl.eIIMr'I RIIIdI itt die Propert)'; MIIf'lPIt 1IIDI'8IIct, If Borrower rails to perform the
<br />0lMUIItI1Dd apeementl contained in this Security Inltrument, or there is a 1cp1 proceedin. that may sipiflcantly alI"ec:t
<br />Leader's rip's in the Property (such u a proceedin, in bankruptcy, probate, for condemnation or lo enforce laws <<
<br />nplatiom). then Lender may do and pay for whati'Vtr i. neceaar)' to protect the value of the Propeny and Lender's ri&hts
<br />in the Property, Lender's actions may include payin,aDY sums secured by a lien which hu priorily over this Security
<br />11IItI'Umeet. appear1111 in COlIn, ..yin. reuonable a\lomeys' f_ and enterin. on the Propeny to make repain, Althouah
<br />Lender may take action under thil parqraph 7, Lender does not have to do 10,
<br />Any amounll disbursed by Lender under this para.raph 7 shall become additional debt of Borrower lIeCured by this
<br />Security Instrument, UnlCll Borrower and Lender a,ree 10 other terms of paymenl, these amounts shan bear interest rrom
<br />tbe elate or disbursement at the Note rale and shall be payable, wilh inleresl. upon nOlice from Lender lo Borrolftr
<br />requestm...yment.
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