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<br />UNIFORM COVEN^NTS. Borrower and Lender covenant and agree as follows': E! 8 -104168
<br />
<br />I. Payment of Principal and Interesr; Prepayment and Late Charges. Borrower shall promptly pay when due the
<br />principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Nore.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to
<br />Lender on the day monthly payments are due under the Nore, until the Nore is paid in full, a sum ("Funds") equal to
<br />one-twelfth of: (a) yearly taxes and assessments which may attain priority oyer this Security Instrum"nt; (b) yearly leasehold
<br />payments or ground rents on the Properry, if any; (c) yearly hazard insurance premiums; and (d) yearly mOrlgage insurance
<br />premiums, if any. These items are called "escrow items:' Lender may estimate the Funds dueon the basis of current data and
<br />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. Lender
<br />may nor charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless Lender pays
<br />Borrower interest on the Funlls and applicable law permits Lender to make such a charge. Borrower and Lender may agree in
<br />writing that interesr shall be paid on the Funds. Unless an agreement is made or applicable law requires interest to be paid,
<br />Lender shall nor be required to pay Borrower any interest or earnings on Ihe Funds. Lender shall give to Borrower, without
<br />charge, an annual accounting of the Funds showing credits and debits III the Funds and the purpose for which each debit to the
<br />Funds was made. The Funds are pledged as additional security for the sums secured by this SecurilY Instrument.
<br />If rhe amount of Ihe Funds held by Lender, wgerher with the future monthly payments of Funds payable prior to rhe
<br />due dales of the escrow items, shall exceed the amount required to pay the escrow items when due, the excess shall be, at
<br />Borrower's option, either promptly repaid to Borrower or credited to BL'lrower on monthly payments of Funds. If the
<br />amount of the Funds held by Lender is nol sufficient lO pay Ihe escrow ilems when due, Borrower shall pay to Lender any
<br />amount necessary to make up Ihe deficiency in one or more payments as required by Lender.
<br />Upon payment in full of all sums secured by this SecurilY Instrument, Lender shall promptly refund III Borrower any
<br />Funds held by Lender. If under paragraph 19 Ihe ProperlY is sold or acquired by Lender, Lender shall apply. no later than
<br />immediately prior to the sale of the ProperlY or its acquisillllO by Lender, any Funds held by Lender al the time of application
<br />as a credil againsl Ihe sums secured by Ihis Securily Instrument.
<br />3. Application of Payments. Unless applicable law prm'ldes "therwise, all pa)'ments received by Lender under
<br />paragraphs I and 2 shall be applied: firsl, to lale charges due under the Nllte. second. III prepa)'ment charges due under the
<br />Note, third. to amounts payable under paragraph 2, fourth, to mlen'SI due; and lasl, to principal due
<br />4. Charges; Liens. Borrower shall pay alllaxes, asses.ments. lharges, fmes and imposillo", alltrbulable to rhe
<br />Properry whICh may allain prioruy over thIS Securny Instrument, and leasehold payments or ground rents. If an)' Borruwer
<br />shall pay thescobligarions on Ihe manner proYlded on paragraph 2,or if not paid in that manner, Borruwer shall pa)'rhemon
<br />timedirec:tly to rhe person owed pa)'ment Borruwer shall prom pI I)' furnish to Lender all nlltices of amounts to be paId under
<br />this paragraph. If Borrower makes these payments dllecrly. Borruwer shall prumptly furnISh [0 Lender recetpts evidenCing
<br />the payments.
<br />Borrower shall promptly d"lharge an)' lien whllh has ptrotrty over this Se.:urll)' Insrrument unless H..rm....er (.I I
<br />agrees in writing Inl he paymem of the obllgallun secured by r he Iren in a manner acceptable ru Lender. (b) comes" 10 good
<br />faith Ihe hen by, or defends agamsl enforl.emem of the Iren m.legal proceedings whICh in rhe Lender"s opmlon opera Ie to
<br />prevenr the enforcemem of the lien or forfeiture of any part of Ihe Pmperty, or Ie) secures frum the holder of rhe lien an
<br />agreement sarisfaClor)' to Lender subordmallng Ihe loen to thIS Sec:unry Instrument. If I.ender determmes thaI an)' part 01 the
<br />Property IS subject to a hen whICh may allam pnorlty over thIS Securny Instrument. Lender mal' give Borru....er a nollce
<br />,denrifying the hen Burrower shall satisfy rhe loen or take one or mure uf the aClions set forth above within 10 days of the
<br />giving of notice.
<br />5. Huard Insurance. Horrower shall keep the Improvemenrs nu.... ,'xlSlIng or hereafter erected on the Property
<br />insured against loss by lire. h..zard. mcluded wlrhm Ihe lerm .'exlended c",'erage" and any uther hazards for which Lender
<br />requires insurance ThIS msuranc.. shall be malmained on Ihe amounts and fur Ihe periuds that Lender requires The
<br />insurance carri..r pro\'idrng rh.. rnsurance shdll be chosen b)' Borrower sub",cI III Lender's apprc)\'al which shall nlll be
<br />unreasonably withheld
<br />^II insurance polrcres and renew./s .hall bt'acceptable III Lender and shall mclude a slandard mortga.l\e c1au.e I.ender
<br />shall have the nghtto hold the p'Jlrcles and ren..wats. If Lender reqUIres. Borrower shall prom pIll' gIve Inl.ender all receIpts
<br />of paid premiums and renewal nollces In the evem of loss. Borruw,'r shall give pmmpl nollce to Ihe m.urance ,artIer and
<br />Lender. Lender mal' make proof uf luss If nol m~de promprly by Burrower
<br />Unless Lender and Burrower urherwlSe agree in wrlling, onsurance prou:t-ds shall be applIed to re..oratum 01 rt'palt
<br />of rhe Propert). dam.ged, "Ihe restorallon or repair IS economICally feasible and ......nder.s SeOUII)' is no, Il'..ened If thl'
<br />res(Urallon or repair IS nol economICally fea"ble or Lender"s ,e(.urIlY wuuld be lessenlod, rhe insurame plt>lt-eJs ,hdl: he
<br />appl;ed 10 the sums se.....red by Ihis Securrry Instrument. whelher ur nul ,hen due. WIth an)' excess paId 10 norr.......t "
<br />Borrower abandons the Property, or does not answer wllhon ~u days a nollce lrom Lendet Ihal Ihe msural"e tarrll.t has
<br />offered ro sell Ie a d.,m,then Lender may (l.lIeCllhe mSU'anle procttill Lerider may use ,he pmceeds lu repdll or (t.,tore rhe
<br />Pruperryor to pay sums secured by thIS Securll)' Inslrumenr, whether or nut then due. The ~().da)' perouc.l....,1I be'gon .. h,," rh..
<br />notice IS gIven
<br />Unless Lender .nd Borrower ulherwlse agree 10 wl'llIng. any applocallon of proceeds to prrnClpal .hall ,.." ,'..ellll 0'
<br />postpone rhe due date of lhe momhly Pd)'menrs referrtod tu on paragraph. I and 2 or lhange the amuunr O',hl'parrlll'n.. It
<br />undet paragraph 19 the Property IS acquired by Lender. Borrower's rrght to an)' onsurance polocll's dnd proll't'd. n.,ultonJo:
<br />from damage to the Property prIor IU the acquislllon shall pass to Lender ru the extel1l uf rhe sums "'lured b)'thlS Seturlll
<br />Insrrumem Immed.arely prior to the acqulSlllon
<br />6. Prese....ation and M.intenance of Propeny; Leaseholds. Horrower !>hall not deslroy'. damage or sub..afl"ally
<br />change ,he ProperlY, allow the Property III d..teriurarl' III cummll wasle If IhlS Serurity Inslrument IS un a leasehold.
<br />Burrower shall comply with ,he p'oy,s,uns of rhe lease. and If Borrower alqulrf:s lee tule IU Ihe Property. Ihl'ledsehuld and
<br />f~ titlt' shall our merge unbss Lender agr~. III the merger on "'lIl;n.l\
<br />7. Proceaion of Lender's Rights in the Propeny; MongagC' Insurance. If Burrowe, lads lu perform the ,,,,'enan..
<br />and agtttlJ)('nu conralllC'd I" ,his Serurity Insrrumem, or ,here" a le/oldl pltlCl't.dlnJo: thaI Illay slgOlfKantl}' aUCt'1 Lend..r"
<br />righ' 5 in tilt' Property (,uch .IS a prou~edrng 10 bankruprcy, proball'. fur (ImdemnallOll or lu l'nflllce law, or re,!lubrlllO' I. Ihl'n
<br />l.ender may do and pay fur ",hareve, " nelessary In prurt'(llhe v~lue Ilf Ihe I'ropt'rry Jnd I.('ndl'r., rlgh" In the I'rllp"rll
<br />t..ender'. ~C1K>DS may IDcludt' paYlD/ol an)' SUIllS securl.d by a Iren ...hlth hils prlor"l 0''('1 ,Ius Set.ur"y I 1l>1 ru Illl'nl , Jppea',"~ III
<br />rourt, paying reasonablt- attorney. fees and eorerrng un the Pruperty '" lIlakr ,era.., ^hhuu~h Lend," IlldY' 1.lkl' .!lllun
<br />under thIS panllraph 7, l..ender dues flU' have III do so
<br />^ny amountS dtsburlt'd by ......nder undC'r ,h.. par.guph 'shdll be'wml' Jdd""'llJI .Id,r '" Hm,o..-,', ,t.",,,.,, "I till'
<br />Sfiurily Inlllumt'nt Unlt'ss BorrulIIer ~nd Lemler ~llrC't' 10 u,her tt'rms u' papOl'nr. I Ill'''' JI11UUI1" ,halll....Jl "ltl"n1 !rlllll
<br />rhe d.alr' ul t:J''lburlLrnlC"nr .ill I hoC' Nurlf' '.lft" and \h.a1J ~ p.aY.1b!c. wrrh m.e-n",.. upnn nil' IU" ffllrtl l.c"nde'l' rn BOI r-Iwer rCll\l(.'\flOJ.t
<br />P"' Y rD<' or
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