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<br />88-
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<br />104133
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<br />UNIFORM COVENANTS, Borrower and Lender covenant and agree as follows:
<br />1. hymnt of Principal and IDterest; PreJNIyment and Late Cbarges. Borrower shall promptly pay when due
<br />the principlll of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />2. Fullcls for TUell and IlII1InIICe. Subject to applicable law or to a wrillen 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 pnority over this Security Instrument; (b) yearly
<br />leuehold payments or ground rents on the Property. if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortPF insurance premiums, if any, These items are called "escrow items," Lender may estimate the Funds due on the
<br />basis of current data and reasonable estimates of future 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 agency (including Lender if Lender is such an institution), Lender shall apply the Funds to pay the escrow items.
<br />Leader may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless
<br />Lender JNIYS Borrower inlerest on the Funds and applicable Jaw 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 Jaw
<br />requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />aball pve 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 Instrument.
<br />lithe amount olthe Funds held by Lender. together with the future monthly payments of Funds payable prior to
<br />tbe due dates of the escrow items. shall exceed the amount required to pay the escrow items when due. the eJlcess 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 not sufficient 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 Securify Instrument. Lender shall promptly refund to 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 the time of
<br />application as a credit against the sums secured by this Security Instrument,
<br />3. AlIPlkadllll of Pa,.eDb. Unless applicable law prOVIdes otherwise. all payments received by Lender under
<br />paragraphs I and 2 shall be applied: first, to late charges due under the Note; second, to prepayment charges due under the
<br />Note; third, to amounts payable under paragraph 2; founh. to interest due; and last, to principal due.
<br />.. C1IarIeI; u-. Borrower shall pay all taxes, assessments. charges, fines and impositions attributable to tbe
<br />Property which may attain priority, over this Security Instrument. and leasehold payments or ground rents. if any.
<br />Borrower aball pay these obligations in the manner provided in JNIragraph 2. or if not 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 tbis paragraph. If Borrower makes these payments direclly, Borrower shall promptly furnish to Lender
<br />receipU evidmcing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />qrees in writinllto the payment of the obligation secullld by the lien m a manner acceptable to Lender; (b) contests in Boed
<br />faith the lien by, or defends against enforcement of the lien in. lqal proceedinp which in the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any pan of the Propeny; or (c) secures from the holder of the lien an
<br />apeement latisfactory to Lender subordinating the lien to thiS Security Instrument, If Lender determines that any pan of
<br />the Property is subject to a lien which may attain priority over this Secunly Instrument, Lender may give Borrower a
<br />notice identifyillltbe lien, Borrower shall latisfy the lien or take one or more of the actions set forth above within 10 days
<br />of the sivinB of nolice,
<br />5. HuanlI-. Borrower shall keep the improvements now eXlsfing or hereafter erected on the Property
<br />inswed qUnst loss by fire. hazards included within the term "extended coverage" and any other hazards for which Lender
<br />requira insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The
<br />insurance carrier providing the insurance shall be ch05et1 by Borrower subject to Lender's approval which shall nOl be
<br />~y withheld.
<br />AU insurance policies and renewals shall be acceptable to Lender and shall include a standard mortpBe clause.
<br />Leader aball have the riJbt to hold the policies and renewals. If Lender requirelo. Borrower shall promptly ~ve to Lender
<br />all receipts of paid premiums and renewal notices. In tbe event of loss. Borrower shall give prompt notice to the insurance
<br />carria-and Lender. Lender may make proof of loss ifnOl made promptly by Borrower.
<br />Unieu Lender and Borrower otherwise agree in writing, msurance proceeds shall be applied to resforation or repair
<br />of the Property damaFd. if the restoration 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 securily would be lessened. 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 abuldons the Property, or does not answer within ~{) days a notice from Lender that the insurance carrier has
<br />~cred to settle a claim, tben Lender may collect the insurance proceeds, Lender may use the proceeds to repair or rutore
<br />the Property or to pay sums secured by this Securiry Instrument, whether or not then due, The JO.day period will bqin
<br />when the DOtice is given.
<br />Unleu Lender and Borrower otherwise agree in writing. any application of proceeds to principal shall not eJltend or
<br />JlOItpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amount oftbe payments. If
<br />under parqraph 19tM Property is acquired by Lender, Borrower's rillhtto any insurance policies and proceeds resultinll
<br />from damqe to the Propeny prior to the acquisition shall pan 10 Lender to Ihe eJltent of the sums secured by this Security
<br />Instrument immediately prior to the acquisition,
<br />6. PreIIInatIOII ud MaiateJlUCe of Pro,erttr; Leuebolda. Borrower shall not destroy, damage or substantIally
<br />chanllC the Property. allow the Propeny to deteriorate or commit waste, If thiS Security Instrument is on a leasehold.
<br />Borrower shall comply with the provisions of the lease. and if Borrower acquires fee title to the Propeny'. the leasehold and
<br />fee title shall not merp: unless Lender ""'5 to the merger in writing.
<br />7. PnucdOII of Lader'. RlPb I. tile Property; Mortp&e Insurance. If Borrower f.ils to perform the
<br />covenants and agreements contained in this Security Instrument, or there IS a legal proceedinllthat may significantly a:reet
<br />Lender's riabtl in the Propeny (such II a proceedinB in bankruptcy, probate, for condemnalion or to enforce la."5 or
<br />rqulations).then Lender may do and pay for whatever is neceuary to protect the value of the Property and Lender's nllhts
<br />in the Property, Lender's actions may include payinll any sums secured by a lien which has pnority over thiS Security
<br />Instrument, appearing in COllrt. paying reasonable a!lomeys' fees and entcrinll on Ihe Propen)' 10 make repaIrs, Although
<br />Lender may talte action under this parallraph 7, Lender docs nol hue to do so, 0' ",
<br />Any amounts disbursed by Lender under Ihis paragraph 7 shall becom~ additional debt of Borrower secured by' thl!
<br />Security Instrument, Unless Borrower and Lender agree to other terms of payment, these IImounu ~hall bear mlt~rest from
<br />the date of disbursement at the Nole rafe and shall be paYllble, with mlerest. upon nollce from lender to Borro~er
<br />requestin. payment,
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