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<br />UNIFORM COVENANTS, Borrow.r and Lend.r cov.nanl and agr.c a, follows:
<br />I. Payment of Principal and Intereat; Prepayment and Lale Charges. Borrowcr shall promptly pay wh.n due
<br />Ihe principal of and int.rest on the debl .videnced by th. Not. and any pr.paym.nt and late charg., due under Ihe Note,
<br />2. Funds for Tuea and Insurance. Subject 10 applicable law or to a wrillen waiver by Lender, Borrow.r ,hall pay
<br />to Lender on thc day monlhly payments are due under thc Notc, untllthc Notc is paid in full, a ,urn ("Fund,") cqualto
<br />one-tw.lfth of: (a) yearly ta.es and assessments which may auain priorilY over this S.curity Inslrumenl: (b) y.arly
<br />leasehold paymenls or ground renls on the Property, If any; (c) yearly hazard insurance premiums; and (d) y.arly
<br />mortl_le insurance premiums. if any. These items are called .6escrow items." Lender may estimate the Funds due on the
<br />basis of currenl data and reasonable eslimates OffUIUr. escrow ilems,
<br />Th. Funds shall be h.ld in an institulion the deposils or accounts of which ar. insured or guaranteed by a fed.ral or
<br />state agency (including Lender if Lender is ,uch an instilution). Lend.r ,hall apply the Funds to pay the escrow it.m"
<br />Lend.r may nnt charge for holding and applying the Funds. analyzing Ih. account or verifying the escrow ilem', unl..,
<br />Lend.r pays Borrowcr inl.resl on the Funds and applicabl. law pennits Lender 10 make such a charg.. Borrower and
<br />Lend.r may agree in wriling thaI inl.resl shall be paid on Ih. Funds. Unless an agrecm.nt is mad. or applicabl. law
<br />requir.. int.resllo be paid, Lend.r shall not be required 10 pay Borrower any inter"l or earnings on th. Fund" Lend.r
<br />shaIJ give 10 Borrow.r, without charg., an annual accounling ofthe Funds ,howing credits and d.bits 10 th. Funds and the
<br />purpose for which each debillo the Funds was mad., Th. Funds are pledged as additional securilY for t~. sums secured by
<br />this Securily Instrumenl.
<br />Iflhe amount oflh. Funds held by Lend.r, tog.lh.r with th. future monthly paym.nts of Funds payabl. prior 10
<br />th. due dal.. of Ih. escrow il.ms, shall exceed Ihe amount required to pay th. escrow il.ms when du., Ih. ..cess shall be,
<br />at Borrower's option, either promplly repaid 10 Borrow.r or credited to Borrow.r on monlhly paym.nls of Funds. If Ih.
<br />amounl nf th. Funds h.ld by Lend.r is not suffici.nlto pay th. escrow il.m, wh.n due, Borrow.r shall pay 10 Lend.r any
<br />amount necessary to make up the deficiency in one or more payments as required by Lender.
<br />Upon paym.nt in full of all sums secured by thi, Security Instrum.nl. Lend.r shall promptly r.fund to Borrow.r
<br />any Funds held by Lend.r. Ifund.r paragraph 191h. Propeny is sold or acquired by Lend.r, Lend.r ,hall apply, no lal.r
<br />lhan immedial.ly prior 10 the sal. of Ihc Propeny or ils acqui,ilion by Lend.r. any Funds h.ld by Lend.r alth. tim. of
<br />application as a crcd.it .pjnsl the sums secured. b,' .hilt Seculity Instrulllcnl,
<br />J, Application n' l'JIymenb. Unless apphcabl. law proVIdes otherwi... all paym.nts received by Lend.r und.r
<br />paragraph. I and 2 shall be applied: firol, 10 late charg.. due und.r th. Notc: second. to prepaym.nt charges due undcr th.
<br />Note; third, to amounts payabl. und.r paragraph 2; founh. to ml.r..t du.: and lasl. 10 principal du.,
<br />4. CIwps; U..... Borrower ,hall pay aIIta.... IISSCSSm.nl'. charg.., fines and imposilion, allributabl. 10 th.
<br />Property which may altain priorily. over Ihis Securily Inslrum.nt, and lea..hold payments or ground r.nts, if any.
<br />Borrow.r shall pay th.... obligaliom in Ih. mann.r provided in paragraph 2, or if nol paid In Ihal mann.r, Borrow.r shall
<br />pay them On time directly 10 th. person owed paymenl. Borrow.r ,hall promptly furnish to Lend.r all nOlices of amount,
<br />10 be paid und.r Ibis paragraph. If Borrow.r makes these paym.nts directly. Borrow.r shall promptly furnish to Lender
<br />receipts evulencing Ih. paymenls,
<br />Borrow.r ,hall promptly discharg. any li.n whicb has priority over thi, Securily In'trumenl unless Borrow.r: (a)
<br />agrees in writing 10 Ih. payment oflh. obligation secured by th.lien in a manner acceplabl.to Lend.r; (b) conlests in good
<br />faith Ih.lien by, or defends again'l enforcemenl Oflh.lien in. legal proceedings which in Ih. Lend.r's opinion operate to
<br />prevenl the enforcemenl of the hen or forfeilure of any pan of Ih. Propeny: or (e) secures from Ihc holder nf th. li.n an
<br />qreenlenl "Iisfactory 10 Lend.r subordinating Ih. lien II> Ihis Security Inslrum.nt. If Lend.r del.nnines Ihal any pan of
<br />Ih. Propeny is subJCCI 10 a lien which may attain prionly ov.r Ihi, Security Instrument, Lend.r may give Borrow.r a
<br />notice idenlifying th. hen. Borrower shalllBlisfy Ih. lien or tak. on. or more of Ihc sellon' ..I fonh above within 10 day'
<br />of Ih. giving of notice.
<br />S. HuanlllIBUI'UICe. Borrow.r shall keep Ih. tmprovemenls now e.isling or h.n:afl.r crected on the Propeny
<br />insured againslloss by fir., hazards included within thc I.no ....tended cov.rag." and any oth.r hazard, for which Lender
<br />requi.... insuranc.. This insurance shall be maintained in Ih. amounl' and for thc penods that Lend.r requires, Th.
<br />insurance carricr providing Ih. insurance shall be chosen by Borrow.r ,ubject to Lend.r', approval which ,hall nol be
<br />unreasonably Wlthh.ld
<br />All Insurance poliCIes and renewals &hall be acceptabl. to Lend.r and ,haIlmclud. a standard mongag. clause.
<br />Lender shall have th. right 10 hold Ih. policies and ren.wals. If Lend.r reqUIr... Borrow.r shall promplJy give 10 Lend.r
<br />all receiptS of paid premiums and renewal notices. In the evenl of loss, Borrower ,hall give prompl notic. 10 th. insurance
<br />carri.r and Lender. Lend.r may make proof of loss if not mad. promptly by Borrow.r,
<br />Unlen. Lender and Borrower otherwise agree in writing. insurance proceeds shall be apphed to restoration or repair
<br />of the Propeny datnqed, if tb. restoration or repair is economically feasibl. and Lender', security i, nO! lessened. If Ih.
<br />restoration or repair is not economically feasibl. or Lender's securilY would be lessened. Ih. insuranc. proceed, shall be
<br />applied 10 th. sums secured by Ihis SecurilY Instrumenl. wh.lh.r or nOllh.n due, with any .xces, paid 10 Borrower. If
<br />Borrower abandons the Property, or does nOI answer within 30 days a notice from Lender that the Insurance carrier has
<br />air""" 10 Iidtl. a dBlm, Ihen Lender may collecllh. insurance proceeds. Lend.r may use Ih. proceed, to r.palr or reslor.
<br />lbe !'ropeny or 10 pay sums secured by thi. Security Inslrumenl, wheth.r or not Ih.n du., The JO.day penod will begin
<br />when the notice is given.
<br />Unless Lender and Borrower otherwise agree In writinS. any application of proceeds to princlpaJ s.haH nOI extend or
<br />postpone lheduedat. ofth. mOnlhly payments r.ferred to in paragraph, 1 and 2 or chang. the amount ofth. paym.nts, If
<br />under pm-agrapb 19 Ih. Propeny is acqwred by Lender, Borrow.r', righl 10 any Insurance pohcles and proceed, resulting
<br />from damage 10 the Property prior to Ih. acquisition shall pass to Lend.r to the .xtent of th. sums secured by thi, Secunty
<br />Inslrument immedial.ly prior 10 the acquisition,
<br />6. Preaenat10D ud MaiIt_ of~; LeudIolds. Borrow.r ,hall not destroy. damage or substantially
<br />chao.. Ih. Propeny. allow Ih. Propeny to deteriorate or commil wasl., If this Security In'lrum.nt " on a I....hold.
<br />Borrower shall comply with the provisions oflh.l..... and i(Borrower acquires f..titl.to the Propeny. th.l....hold and
<br />f...title sbaJJ not m.l'J. unl... Lender agrees to Ih. merger In writing.
<br />7. ProcedIo. or J...eader'. RiPtI in the Property; Monpae lDlurance. If Borrower fails 10 perfonn the
<br />covenants and ~creements contained in Ihis SecurilY .nslrum.nl. or th.r. " a l.gal proceeding that may significanlly affect
<br />Lender'.. ",b.s in the Property (Iuch .u a proceeding in bankruptcy, probate, for condemnatlOn or to enforce laws or
<br />rqulatiom). then Lender may do and pay for whalever 11 necessary 10 pralcel the ...alue of the Propcny and Lender's nghls
<br />in the Property. Lender's acUonl may Include paying any sumi secured by a hen which has pnority over Ihls Secunl)l
<br />IRIlrumerll. appcanng ~n (OUn, payml reasonable .nomey,' fee!. and enlenn,g on the Property 10 make repairs.. Although
<br />Lender may tak. acllOD und.r thIS paragraph 7. Lend.r does nol have 10 do so
<br />Any amounts dJs!Junc:d by Lend.r und.r IhlS paragraph 7 shall become addlIJonal d.b, of Borrow.r secured by I bl>
<br />Secunty Instrument. Unless. Borro..er and lender agree to Dlher terms of pa~'menl. these amoun(!lo \hall hear Inrerest from
<br />(be dale of dllbunemenl al (he NotC' nUe ilnd ,hall be pa)'able, ~.l1h Interesl, upon nollcr from Lender 10 Borrowrr
<br />requsun. peymrrll
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<br />88- 104608
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