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<br />UNIFORM COVENANTS norrower and Lenderco\'enant and agree as folloW!<l: 88- 104584
<br />I. Paymenl oC Principal and Interesl; Prepayment and Lale Charges. Borrower shall promptly pay when due
<br />thc principal oCand inlere't on the d.bt cvid.nced by the Notc and any prepayment and laIc ehnrges due under the Note,
<br />2. Funds fnr Taxes and Insurance. Subj.etto applicable law or to a wrillen waivcr by lender, Borrower shall puy
<br />to Lender on thc day monthly paymcm, are due under the Note. untillhe Note is paid in full. a sum ("Funds") equal 10
<br />one-twelfth of: (a) yearly taxe, and assessmcnts which may at lain priority over this Sccority In'lrument; (b) ycarly
<br />I....hold paym.nts or ground r.nts on the Property, if any; lc) ycarly hazard insurance premiums; and (d) ycarly
<br />mortgage 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 />,latc agency (including lend.r if lender is ,uch an institution). Lender shall apply the Funds to pay the e,crow item"
<br />Lend.r may not charge for holding and applying the Funds, analyzing the account or verifying thc escrow items, unlc",
<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 luw
<br />requires interesl to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpo,e for which each debit to the Funds wa, mad., The Fund, arc pledged a, additional securily for the sums ,ccurcd by
<br />thi, Security In,trumenl.
<br />Iflhe amount of the Fund, held by lendcr. together with the future monlhly payment' of Funds payable prior 10
<br />the due dates of the escrow items, shall exceed 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 of the Funds held by Lender is nol 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 securcd by this Security Instrumenl. lender shall promptly refund to Borrower
<br />any Funds held by lendcr, If under paragraph 19 Ihe Property is ,old or acquired by lender, lender ,hall apply. no latcr
<br />than immediately prior to the sale of the Property or its acquisi1ion by Lender. any Funds held by Lender at the time of
<br />application as a credit against the sum~ secured by this Security Inslrument.
<br />3. Application of Payments, Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs I and 2 shall be applied: first, to late charg.s due under Ihc Note: second. I<> prepaymenl chargc, duc undcr the
<br />Note; third, to amounts payable under paragraph 2; fourth, to intereSI due; and last, to principal due.
<br />4. Charges; Liens. Borrower shall pay all taxes. assessments, charges. fiOt.~ and impositions attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold paymenfs or ground rents. if any.
<br />Borrower shall pay thc.'il: obligation!> in the munner provided in pamgraph 2, or ifnn1 paid in that manner. Borrower shall
<br />pay them on time directly to thc person owed payment. Borrower shall promptly furnish (0 Lender all notices ofamounls
<br />to be paid under this paragraph. lr Borrower makes these payment" directly, Borrower shall promptly furnish tn Lcnder
<br />receipts evidencing the payment".
<br />Borrower shall promptly discharge any lien which has pnonty over thiS S~curllY Instrument unless Borrower: (n)
<br />agn.."CS in writing to the payment of the obligation secured by thc lien in a manner acceptable to Lender: (b) contests in good
<br />faith the lien by. or defends agalllst enforcement of the lien in, legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of the Ilcn or forfeit un: of any part of the Property: tlr (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender det~rmines thai any part of
<br />the Property i" subjecl 10 a lien which may attain priority ovcr this Sccurity In"trument, Lender may give Borrower a
<br />notice Identifying the lien. Borrower shall satisfy the hen or take line or more of the acthUl!<o "ct forth above within 10 days
<br />of the giving of notice.
<br />S. Hazard Insurance. Borrower shall keep the Impro\'cmcnts now e"l~tin~ or hereafter crec1ed on Ihe Proper1y
<br />insured against loss by fire. hazards included within Ihe term "cxlcndcd Ctl\'cragc" alld any (Hher Ili.llard!'> ftlr which Lender
<br />requires insurance. This insurance shall be maintained in the amounh and ror the peTlmh that Lender reqUlTe~. The
<br />insurance carrier providing the insurancc shall be chosen by Borrnwt'r ...uhJl'cl 10 Ll'ndl'r'... apprcwlll which shall no1 he
<br />unreasonably withhcld.
<br />All insurance policies and renewals !'hall bc aCCepli.lble 10 LemJer and ...hulllfldude a ..tandurd mortgage dallse.
<br />Lender shall have the right to hold the polu:ies and renewals. If Lender rl'qulrl~", BlIrrmn'r ..hall prornplly give 10 Lender
<br />all receipts of paid prt:miums and renewal notices. In thecventllflo..... Ullrrnwc:r ..hull ~I\'e pn1mplnl1tlce to the illsunmcc
<br />carrier and lender. lender may make proof of loss if nut made promptly hy BI1rnlwer
<br />Unless Lender and Burrower otherwise agree in wnlll1g. In..urallce pnll'ced~, ...hall hl' applied 1(1 rcstorllti(1II or rcpllir
<br />of the Property damaged, if Ihe n:slorallon or repair is economIcally fcaslble lInd Lender's ..el'unly 1!t n01 Ics!<lcncd. If the
<br />rcslOrlllion or repair is not economically feasible or lenders ...ecurit) would he Ic,...ened. the lI1!'1urant.:c proceeds shall be
<br />applied to the ~ums sct.:ured by this Security Instrument, whethcr or not then due. wllh any c"ces~ paid to Borrower. If
<br />Borrower abandon.. the Properly. or does nol answer within 30 duy"i a notice from l.ender that lhc insuruncc carrier has
<br />offered to seUle a claim. then Lender may collect the insurance proCCCtJ!'> Lender may U!<lC the proceeds to repair or restore
<br />the Property or to pay sum!'. secured by lhis Security Instrument, whether or not then due_ The JO~day pCTlod will begin
<br />when the nolice i~ given.
<br />Unless lender and Borrower otherwise agree in wntmg., any apphcutllm (If pTtlt:ccd!<l to principal !<ohall not extend or
<br />postpone the due date of the monthly payments referred to In paragraphs I and lor change the amount ofthc paymenrs. If
<br />under paragraph 19 the Propen)o' is acquired by Lender. Borrower'.. nght In any m..untnce pohcle. Ilnd proceeds rl.~ult1I1g
<br />from damage 10 the Property prior to the acquisition shall pass to Lender In Ihe ".'ittent or the ..um~ ..ct.:urcd hy thl' Securily
<br />Instrument immediately prior to the acquisition.
<br />6. Preservation and Maintenance or PropertYi Leaseholds, UorTlIWCr ,hallnlll de..lnl~. damage or !<lubstantmlly
<br />change the Propeny, aHow the Properly to deteriorate or commll wil!<ole If Ihl' SeL'llrll~ Imtrument IS on a Ica~chnld.
<br />Borrower shall comply with the provisions of the lease. and if norrower acquire, fee IJllt: III I he Property. Ihe lea..ehold and
<br />fee title shaH nOI merge unJess Lender agrees to the merger in \\Tlung.
<br />7. Protedion or Lender~s Rights in the Property: "'ort~a~c Insurance. If Bnrnl\\l'r fail, II) perform the
<br />covcnantsand agreements contained in thisSccurily Instrument. or there l!<l illl'g.i11 prtll..'eedll1g thai ma~ "Jgmficanll}' ulfecl
<br />Lender's rights in the Properly (such as a proceeding in bankruptcy, pwhulc. fpr CtHukmnalll1Tl nr 10 I."nforl'c law!<l tlr
<br />rcguhuionsl. then Lender may do and pay for whate\'er is necc!<o..ary tn prntl"l'll he \ulul." of lhl' Prnpert~ and I.ender'" fight...
<br />in the Property. Lender's actIOns may include paying any ..um", "el'urcd hy a ht"n wlul:h ha!<o pflnnly IHer 1111', SCUIrlT)
<br />Instrument. appcanng in cour1. paYing rea!<ooT18blc altorneys' fee... and entenng 1111 I he Prnperty to lilith- rt."ra1r.. ..\hhIHI!!h
<br />Lender ma)' take aclion under Ihi!<o paragraph 7, Lender does not hu\c to un..."
<br />Any a(TloUnl~ dlsbu~ed by Lender under Ihl!<l parngrdph 7 ..hall hcl'tl(JlI." :1(hhlllll1.:l1 uehlnf HI lrn1"el ..(.....Ufed h~ Ill1'.
<br />Securll) In..trument Unl('!<o~ Borrower and Lender i1grt"C' In othcr lerm" \If ra~ mCIlI. lhe..e ;t1111HJtlI" ,hall he.11 Inlcn:..' tnllll
<br />the datt' nf dl~bup,C'nll:nl al Iht. NOIC rate and ..hall he puyahle. \Iollh IIlft'fl"ol. UP"" 1l1'1h..T tflllll 1 t."ndl'l II' Bl'f 11'\\ l'r
<br />requt""oung paymcl11
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