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<br />UNIFORM COVENANTS Borrower and lender covenant and agree as follows,
<br />I. Payment or Prlncipaland Interest; Prepayment and Late Charges. Borrower shall promplly pay when due
<br />the pnnclpal of and inlerest on Ihe debt evidenced by the Note and any prepayment and late charges due under the NOle,
<br />2. Funds ror Taxes and Insurance. Subjeclto applicable la,,' or to a written waiver by Lender, Borrower shall pay
<br />10 lender on Ihe day monthly payments are due under Ihe Note, until the Note is paid in full, a sum ("Funds") equal to
<br />one.twelflh of: (a) yearly laxes and assessmenls which may attain priority over this Security Instrument; (b) yearly
<br />leasehold payments or ground rents O!l the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortgage insurance premiums, if any. These ilems are called "escrow items." lender may estimate Ihe Funds due on the
<br />basis of current data and reasonable estimates of future escrow items.
<br />The Funds shall be held in an inslitution Ihe deposits or accounts of which are insured or guaranteed by a federal or
<br />state agency (including lender if Lender is such an inMitution), Lender shall apply lhe Funds to pay the escrow items,
<br />lender may nOI charge for holding and applying Ihe Funds. analyzing the account or verifying Ihe escrow items, unless
<br />lender pays Borrower interesl on the Funds and applicable law permits Lender to make such a charge, Borrower and
<br />Lender may agree in wriling thai rolerest shall be paid on Ihe Funds, l'nless an agreemenl is made or applicable law
<br />requires intereslto be paid, lender shall nol be required 10 pay Borrower any mteresl or earnings on the Funds. Lender
<br />shall give 10 Borrower, without charge. an annual accounling of the Funds showing credits and debils to lhe Funds and Ihe
<br />purpose for which each debit 10 the Funds was made The Funds are pledged as additional sel'urity for the sums secured by
<br />thiS Security Instrumenl,
<br />If the amOUnl of the Funds held by Lender, together WIth lhe future monthly payments of Funds payable prior to
<br />Ihe due dates of the escrow Items, shall exceed the amount required 10 pay the escrow Items when due, the excess shall be,
<br />at Borrower's opllon, either promplly repaid 10 Borrower or credited to Borrower on monthly payments of Funds, If the
<br />amount of Ihe Funds held by lender IS not sufficIent to pay Ihe escrow Items when due. Borrower shall pay to Lender any
<br />amount neces.sary to make up the deficiency 10 one or more paymenls as required by lender.
<br />Upon paymenl 10 full of all sums secured by this Secunty Instrumen!, Lender shall pr.,lmptly refund to Borrower
<br />any Funds held by lender, If under paragraph 19 the Propeny is ,old or acqUired by lender. Lender shall apply, no later
<br />Ihan .mmedlUlely pnor 10 Ihl:' sale of Ihe Propeny or ns acqulSlllon hy Lender, any Funds held by lender at the lIme of
<br />apphcatlon 8.s a credn agamstlhe sums secured by thiS Secunty In,trument
<br />3. Application or Payments, Unless applicable law prOVides otherWise. all paymenls received by lender under
<br />para/j!raphs I and 2 shall be applied: first. to late charges due under the Note; seco!ld, to prepayment charges due under Ihe
<br />Note; third, to amounts payable under paragraph 2; founh. 10 mleres! due; and last. to pnnclpal due
<br />4. Charges; Liens. Borrower shall pay alllaxes. assessments, char/j!e,. fines aod Impositions attributable 10 Ihe
<br />Propeny whIch may altam priorily uver thIS SccurilY Inslrument. and leasehold paymenlS or ground reots. if any,
<br />Borrower shall pay Ihese obhgallons ",Ihe manner proVIded In paragraph 2. or Ifnol paid III that manner. Borrower shall
<br />pay Ihem on time dlTectly to the person owed payment Borrower shall promplly furmsh 10 Lender all notlet.s of amounls
<br />10 be paid under Ihls paragraph If Borrower makes these paymcnls dlrcclly. Borrower shall promp!ly furlllsh to under
<br />receipls eVldencmg the payments
<br />Borrower shall promptly discharge any hen which has pnorlty mer thts SecuTlly Instrumelll unk" Borrnwer (al
<br />agrees In wntmg to the payment oflhe obltgallon secured hy Ihe hen In II maoner acceplable to Lender; (hi l'lllltl"S" III good
<br />faith the lien by, or defends agamsl enfurcemenl of the hen m. legal pmceedlngs which 10 Ihe Lender's opllllon operate In
<br />prevent the enforcemenl of the hen or forfetlure of any part of the Property; or (cl secures from lhe holder of the hen an
<br />agreement sallsfaclory 10 lender subordmatlllg lhe hen In IhlS Secunty Instrumenl If Lender determllles Ihal any part of
<br />the "ropeny IS subJcct 10 a lien which may allalll prlOTlly mer thIS Secunty' Inslrumenl. Lender may gJ\e Borrower a
<br />noll~e identlfymg the hen. Borrower shall satisfy the hen or lake one or more of Ihe acllons sct forth IIhmc ",lthm 10 days
<br />of the gIVIng of nOllce,
<br />S. Hazard Insurance. Ilurrower shall keep the Imprmements no" eXlStlllg or hereafter cret'led nn Ihe Property
<br />Insured agamsllass by fire. hazards Included wlthm the term "exlended co'eragc" and any other hal.ards for" Inch Lender
<br />requITes Insurance, ThIS msurance shall be mamlamed 10 Ihe amount' aod for the period, Ihal Lender reqUires The
<br />IIIsurance carner pTlwldlll1! Ihe msurance shall be chosen by Borrower suh)ecI '" Lender's apprO\'al ,,'hlt"h shall nOI he
<br />unreasonably ,,'ithheld
<br />All msurance pohcles and renewals shall be acceplahle 10 Lender and shall Include a standard mortgage clause
<br />lender shall have the nghlto hold Ihe pohclcs and rene"'als. If lender reqUires. Borrower shall promplly gl"e to lender
<br />all receipts of paid preollums and renewal notiCes, In the e'enl of loss. B,'rrower shall gl\e prompt nollce lothe IIIsunllll'e
<br />carner and Lender. lender may make proof of loss If nol made promplly hy Borrower
<br />UnIL..s under and Borrower otherwise agree III "'nllng. msurance prnaeds ,hall be apphed to restoral,,'n or repair
<br />of Ihe Property damaged. If Ihe reslOralJOn or repaIr IS economically feaSible and Lender's se"urity IS nol lessened If the
<br />resloratlon or repair IS nOl economically feasIble or Lender', secuTlty w,luld be lesseoed, Ihe ansurance proceeds shall he
<br />applied 10 the sums secured by thIS Seeumy Instrument. whether or rllll then due. ".:th any excess paid to Borrower If
<br />Borrower abandons Ihe Property. or does not ans\\er "llhan ,10 days a nollce from Lender that the insurance carner has
<br />offered to sellle a claIm, Ihen lender may' collccltbe anSUranl"" rT\lceed, lender may use the proceeds to repair or r"'-Wre
<br />the Property or 10 pay sums secured hy thIS Secunty Instrumcnl. whelher or 11l>lthen due, The ~O-day penod ",II hegan
<br />when thc notice IS given
<br />Unless lender and Borrn"er otherWIse agrl.., an "nung. any apphcallon of proceeds to pnnclpal shall nol eHend or
<br />postpone the due dale oflhe monlhly paymenlS referred to an paragraphs I and 2 or change the amounlof Ihe pay ments Ir
<br />under paragraph 19the Property IS acqUired by lender. Born'''ers nght to any ansuran"e polic..,s and PTllceeds resultang
<br />from damage to the Property pTlor 10 the acquISItion shall pass 10 lender to the e"ent of the sums securl-d hy th" Secunty
<br />Inslrumenllmmedialely pnor 10 Ihe acqUlslllon
<br />6. Presenation and :\faintenance or Property; Leaseholds. Borrower shall not desl roy. damage or suhstanually
<br />change the Property, allow the Property 10 detenorale or commil "'aste If th" S"'-"UTlly InSlrumenl IS on a leasehold.
<br />Borrower shall comply wllh Ihe proViSions of the lease. and If Borrower acquIres fee utle to the Property, the leasehold and
<br />fee title shall nol merge unless Lender agrees to lhe merger an wnlang,
<br />7. Protec:tion or tender's Rights in the Propt'"y; \lo"lIalle Insurance. If Aurruwer fad, '0 rafllrm lhe
<br />covenanh and agr~mcnts cOnlatned in thiS Secunty In "trumcnt, nT thefe I' a k~al pn1('('edlng 1hal ma~ "1~nltkan(l~ atfc,"'
<br />lender's nghts an the Propeny (such as a pn,,-'ecdlOg an hankrupl\:Y, prohatt'. for (undemna'"ln or '" enforl'c l'I"'s ur
<br />regulations). then L.ender may do and pay for" hale\er IS necessary 10 prnted I he 'alue ufthe Properl\ and Lender', TlghlS
<br />In tht Property Lendt=r"s actIOns may Indude paymg any !tIum'i ,,"CI.:UTc-L1 f'"!~ .1 11C.'11 "hleh hd.' rrhlTlI~ I".cr th., St"\.'lU1t~
<br />InstrumcnE. appearing 10 court. paymg rea!\onatllc attorney!\' fec", and cfllc-r1l1g Of! Iht.' P'llrl'fl~ 11II1Ukt' n'r1llr' "o\hhnut:.h
<br />Lender may take aelinn under IbIS paragraph 7. lender d,'lt"S nlll ha' e In do Sl'
<br />Any amounl" dlsbur1\.Cd b~ L~nder under thiS paragraph" "hall ne4."tlmr.: ;IJdlflt1l1.d d(:hl tlf BI1rTll\\t" 't'lurnl n~ Ihl'
<br />Sccunt)' InSlrUnlt:nr Unl~\ RUrrl\w-er and [cnder agrer In I1lhC'r '('rm, nf ra~ 1))("111 I ht",c .HThIUll1' ,h,ll! nt'ar 1Tltl~rr'l frl\m
<br />IhC' dallt of dlS,buf"ri."tnl'"fll at Ihe ~(ll(' rate and ,hall he ra~Jhl~. ,,"h 1fllr:rI"1. Up,lll 1I,II1LC' Irllll\ I t'ndt'r II' Unft'O\H'r
<br />r~.quesl'"ll paymenl
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<br />88-10400~
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