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<br />UNIFORM COVENANTS, Borrower and lender covenant and agree as follow" RR_ 104082
<br />I, Payment of Prim:ipal and Interest; Prepayment and Late Charges, Borrower ~~l promptly pay when due
<br />the principal of and interest on the debl evidenced by the NOle and any prepay men! and late charges due under the Note,
<br />2. Funds for Taxes and Insurance. Subjecl to applicab]e law or to a wrillen waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly paymen!s arc 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 allain priority over Ihis Security Instrument; (b) yearly
<br />leasehold payments or ground rents on Ihe Property, if any; Ic) yearly hazard insurance premiums; and (d) yearly
<br />mortgage insurance premiums, if any, These items are called "escrow ilems," lender may estimate Ihe Funds due on the
<br />basis of curren I data and reasonable estimales of fUlure escrow items,
<br />The Funds shall be held in an instilution the deposits or accounts of which are insured or guaranteed by a federal or
<br />state agency (including Lender if Lender is such an instilulion), Lender shall apply the Funds 10 pay the escrow items,
<br />Lender may nOI charge for holding and applying Ihe Funds, analyzing the account or verifying the escrow items. unless
<br />Lender pays Borrower interest on the Funds and applicable law permits 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 inlerestlo be paid, Lender shall nol be required to pay Borrower any in!erest or earnings on Ihe Funds, Lender
<br />shall give to Borrower, withoul charge, an annual accoun!ing oflhe Funds showing credits and debits to the Funds and the
<br />purpose for which each debilto the Funds was made, The Funds are pledged as additional security for Ihe sums secured by
<br />Ihis Security Instrument.
<br />If the amounl oflhe Funds held by lender, together wilh the future monthly paymenls of Funds payable prior to
<br />the due dates of the escrow items, shall exceed Ihe amount required to pay the escrow items when due, the excess shall be,
<br />at Borrower's option, either promptly repaid to Borrower or crediled 10 Borrower on monthly payments of Funds, If the
<br />amount of Ihe Funds held by Lender is not sufficien! 10 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 Ihis Security Instrumenl, Lender shall promptly refund to Borrower
<br />any Funds held by Lender, If under paragraph 19 Ihe Property is sold or acquired by Lender, Lender shall apply, no later
<br />than immedialely prior 10 lhe sale of the Property' or liS acquisition by Lender, any Funds held by Lender at the time of
<br />application as a credit against the sums securL-d by this Sccurily InSlrument.
<br />3, Application of Payments. Unless applicable law provides olherwise, all payments received by Lender under
<br />paragraphs I and 2 .hall be applied; firsl, 10 lale charges due under lhe Note; second, 10 prepaymem charges due under the
<br />Note; third, to amOUnlS payable under paragraph 2; fourth, 10 inlereSI due; and last, to principal due,
<br />4. Charges; Liens, Borrower shall pay alllaxes, assessmenls, charges, fines and imposilions allributable 10 the
<br />Property which may altam priorily over this Security Instrument, and leasehold payments or ground rents, if any,
<br />Borrower shall pay Ihese obligations in I he manner provided in paragraph 2, or if not paid in thaI manner, Borrower shall
<br />pay them on time directly to Ihe person owed paymen!, Borrower .hall promplly furnish 10 Lender all notices ofamounls
<br />10 be paid under Ihi. paragraph, If Borrower makes Ihese payments directly, Borrower shall promptly furnish to Lender
<br />receipls evidencing the paymenls,
<br />Borrower shall promplly discharge any lien whieh has priorily nver IhlS SecufIl} loslrumenl unless Borrower; (a)
<br />agrees 10 writing to Ihe paymenl oflhe obhgalion secured by Ihe lien 10 a manlier acceplable 10 lender; (b) COnlests in good
<br />faith the lien by, or defend. againsl enforcemenl of Ihe lien in, legal proceedmgs wh,ch 10 1 he Lender's opinion operale to
<br />prevent the enforcemenl of the lien or forfellure of any part of Ihe Property; or (c) secures from the holder of the lien an
<br />agreement salisfactory 10 Lender subordinaling the lien to thIS Security InSlrument. If Lender dclemunes Ihal any part of
<br />the Property is subject to a lien which may attain priorilY over IhlS Secunty Instrument, Lender may give Borrower a
<br />notice idenlifying the lien, Borrower shall satisfy the lien or lake nnc or more of Ihc acllons sel forth ahove within 10 day.
<br />of the giving of notice,
<br />S. Hazard Insurance. Borrower shall keep Ihe improvements no'" eMslmg or hereafter erecled on the Property
<br />insured against loss by fire, hazards included within the lerm '"extended coveragc'" and an} other hazards for which Lender
<br />requires insurance, ThIS insurance shall be mainlaIned in lhe amounts and for lhe periods that Lender requires, The
<br />insurance carrier proVIding the insurance shall be chosen by Borrower subject 10 Lender's approval which shall nOl be
<br />unreasonably withheld,
<br />All insurance policu:s and renewals shall be acceptable 10 Lender and shall mcludc a standard mortgage clause.
<br />Lender shall have the righl 10 hold Ihe policies and renewals, If Lender reqUIres, Borrower shall promptly give 10 Lender
<br />all receipts of paid premiums and renewal noUces, In the even I of loss, Borrower shall give prompt nmice to the insurance
<br />carrier and Lender. Lender may make proof nf loss if not made promptly by Borrower
<br />Unless Lender and Borrower otherwise agree in writ 109, insurance proceeds shall be apphed to restoration or repair
<br />of the Property damaged. If the restoralion or repair IS economically feasible and Lender's security is not lessened. If the
<br />restoration or repair IS nOl economically feasible or Lender's security would be lessened, the Insurance proceeds shall he
<br />applied 10 Ihe sums secured by thIS Secunly Instrumenl, whether or nol Ihen duc, with any excess paid to Borrower. If
<br />Borrower abandons Ihe Property, or does nol answer wllhm 30 days a nOl,ce from Lender thaI Ihe IIlsurance carrier has
<br />offered to seltle a claim. then Lender may collect 1 he insurance proceeds, Lender may use the proceeds 10 repaIr or reslore
<br />Ihe Property or to pay sums secured by Ihis Sccunty Ins!rument, whelher or nOl then due The 30-day pennd will begm
<br />when the notice is given,
<br />Unless Lender and Borrower OIherwlse agree 10 wrillng, any apphcalloo of proceeds to principal shall nol extend or
<br />postpone the due dale of the monthly payments referred 10 in paragraphs I and 2 or change Ihe amoun! of the paymenls, If
<br />under paragraph ]9 Ihe Property is acquired by Lender. Borrower's righl to any msurance poliCIes and proceL-ds resulllng
<br />from damage 10 Ihe Property pnor to the acqUlslllon shall pa.ss 10 Lender 10 the exlCllI of the sums secured by thIS Secunly
<br />Instrument immediately prior to the acquisition,
<br />6. Presenation and Maintenanee of Property; Leaseholds, Borrower shall nol destroy, damage or subslanllally
<br />change the Property, allow Ihe Property' 10 deteriorate or commit waste, If thIS Sccuflly Instrument IS on a leasehold.
<br />Borro~er shall comply wilh the provisions oflhe lease. and ,fBorrower acquires fee 1I11c 10 the Property, Ihe leasehold and
<br />fee title shall not merge IIn]ess Lender agrees 10 the merger in wnling,
<br />7. Protection of Lender's Rights in the Property': :\Iortgage Insurance. If Borrower fa,b '" perfoml the
<br />covenants and agreements contained in this Security Inslrument, or there IS a legal proceeding that may slgnlficanlly affect
<br />Lender's rights in the Property (such as a proceeding in bankruplCy. probale. for condemnal1on or 10 enforeL' laws or
<br />regulation~), then Lender may do and pay for whatever is necessary to protectlhe ,'alue oflhe Property and Lendcr', nght,
<br />in the Property'. Lender's aetions may include paying any sums secured by a hen which has pnonlY o\'er lh" SecunI~
<br />Instrument, appearing in court, paying reasonable allomeys' fees and entenng on Ihe Propeny to make repairs Alrhnllgh
<br />Lender may take action under this paragraph 7, Lender does not ha\'e 10 do so
<br />Any amountsdislmrsed by Lender under this paragraph 7 shall hecomc addlllOnal denl ofD.'rn""cr ,ceured by th"
<br />Securily Instrument, Unless Borrower and Lender agrec I" other ,erm, "fpayment, ,hc'e alll<'utH' ,hall hear IIlleresl from
<br />thr: dat~ of disbuncmeru at the Note ralr: and "hall be:- payahlc. WHh HlICf("'t. u~"n T1('II\.'t. fnml 1 rnlit.'f tt.' At'\fT\lWt:'f
<br />requesllnl! payment,
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