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<br />UNIFORM COVENANts norrower and lender eO\'ennnt and agree u\ follows:
<br />I. Plyment of Principii Ind Inlere.l; Prepayment Ind I,,'e CharRe.. Borrower shall promplly pa~ when due
<br />Ihe pnnciplll orand interest on the debt evidenced by the Note and OilY prcpnymenl and latc charges due under lhe Note,
<br />2. Funds rorTalH and Insurance. Subject to Ilpplicable low or loa wrillen waiver by lender, Borrower sholl poy
<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.twelnh of: (a) yearly (axes and assessments which may atlain priority over this Security Instrument; (b) yearly
<br />leasehold payments or ground rents on the Propeny, if any; (e) yearly hazard insurance premiums: and (d) yearl~
<br />mortgage insurnnce premiums, irnny. These items are called "escrow items." lender moy estimate the Funds due on the
<br />basis ofcurrcnt data and reasonllblc estimBtesoffuture escrow items.
<br />The Funds shall be held in an institution the deposi1s or accounts of which arc insured or guaranteed by a federal or
<br />state agenc)' (including Lender if Lender is such an institution), Lender shuJl apply Ihe Funds to pay the escrow i1ems,
<br />Lender may not charge for holding and applying Ihe Funds. analyzing the accounl or verifying the escrow hems, unless
<br />Lender pays Borrower interest on the funds and appJicabJe law permils Lender 10 make such n charge. Borrower and
<br />Lender may agree in writing that inleresl sho.ll be paid on the Funds, Unless un agreement is made or appJicnble law
<br />requires interest to be paid. Lender shall nol be required 10 pay Borrower any interest or earnings on the Funds, Lender
<br />shall give to Borrower. withoul charge. an annual accounling of the Funds showing credils and dcbits 10 the Funds and the
<br />purpose for which each debit to the Funds was made, The Funds arc pledged as IIdditiolllll securilY for the sums secured bJo'
<br />this Security Instrument,
<br />If the amount of the Funds held by Lender. together wilh the fUlure monlhly payments of Funds payable prior to
<br />the duc datc:5 of the escrow items. shall exceed Ihe amount required to pay the escrow items when due. the C}lcess shall be.
<br />at Borrower's option, either promptly repaid to norrower or crediled to Borrower on monthl~,. payments of Funds, If the
<br />amount of the Funds heJd by Lender is nol sufficient to pay the escrow Items when due. Borrower shall pay 10 lender nny
<br />amoun1 necessary to make up the deficiency in nne nr more payments as required by Lender.
<br />Upon payment in full of aU sums secured hy Ihis Security Instrument, Lender shall promptly refund 10 Borro\l,'er
<br />any funds held by Lender. [funder paragraph JQ the Property is sold or ucquired by Lender, lender shall apply. no later
<br />than immediately prior 10 the sale of the Property or its acquisilion by lcnder, any Funds held hy Lender al the time of
<br />application as a credit ngainsl [he sums secured by Ihis SecurilY Imlrumcnl.
<br />3. Application of Payments. Unless applicnble Jaw provides otherwise, all payments received by Lender under
<br />parngraphs 1 and 2 shall be applied: first. to Jate charges due under Ihe Nole: second. to prepayment charges due under the
<br />Note; third, 10 amounts payable under paragraph 2; fourth. to interest duc; 3nd lasl. 10 principal due,
<br />4. Charges; Liens, Borrower shall pay alllaxes, as...essmcnts, charges. fines and imposilions attributable 10 the
<br />Property which may attain priority over Ihis Security Instrument, and leasehold paymt'nts or ground ren1s, if any.
<br />Borrower shall pay these obligalions in the manner provided in paragraph 2. or if not paid in Ihut manner. Borrower shall
<br />pay them on time directly to the person owed payment, Borrower shall promplly furnish to Lender all notices of amounts
<br />to be paid under thiS parngraph. If Borrower makes these paymen1s directly, Borrower shall promplly furnish 10 Lender
<br />receipts evidencing the paymell1S,
<br />Borrower shall promp11y discharge any lien which has priorit}' over Ihis Secunty Instrument unless Borrower: (a)
<br />agr~ in wriling to Ihe payment orthe obhgatlon '\et:ured by the lien III a manner acceptable to Lender; (b) conlests in good
<br />railh the lien by. or defend!! ugainst cnforcemcnl (If the lien in. leBal proceedings which in the lender's opinion operate to
<br />preven1the enforCCrnenll1f !he lien or forrellure of any part of the Properly; or (e) secures from the holder of the lien an
<br />agrcemenl sarisfucwry 10 Lender suhnrdlnllltl1!t lhe: lien 10 thiS SecurilY Instrument. If lender determines Ihal any pari of
<br />the Propeny is 5ubJecI to a hen "..Iuch may all am pnurity o\'er thi!' S~curlly Instrument. Lender may give Borrower u
<br />notice idenlifymg Ihe lien. Uorru\\'er shall 'OUllsfy lhe hen or take olle or more of the aCllUll!\ 'iel forlh above within 10 day"
<br />orlhe giving of norice,
<br />5. Husrd lnsurance, Borruwer \hlllI keep the IInprcwC'nu:nl!. nnw ('}lI!'lmg or hereafter erecled on the }Jropcny
<br />insured against Ins" by lire, hULUrds mcluded y"lthin the lerm "e}ltcnded cO\"l::,ragc"ul1d any OIlier hazards for which Lender
<br />requira insurance. Thl" ,"sura lice "hall he mamluined in lhe amounts and fur Ihe perinds that Lender requires. The
<br />insurance carrier providlllg rhe in...urance shall he chosen h)' Burrower ...ubJcct 10 Lcnder"s approval which shall not be
<br />unreasonably withheld.
<br />Allmsurance puhcJo. and rcnewals shull be al."cc:ptable to under und shall mclude a standard morlgage ch.IUSC
<br />lender shall ha",c the righ1 10 hold lhe policie~ und renewuls, If Lender requ1T~, Borrower shall promptly give to Lender
<br />all receipt!!. or paid premium~ and reneu,'al nouces.. In Ihe evenl of loss, Borrower shall gl\'e prompt nOlice 10 the inSUTUnce
<br />carrier and lender. lender may make proof of1oss if nol made promptly by Uorrower,
<br />Unless lender and Borrower otherwise agree in writing, insurance proceeds !\hall be applied to resloration or repair
<br />of the Propcny damugl.oU. If the restoralion or repair 15 economically fensible und Lender's seeurily is notles!'ened, If Ihe
<br />res1oration or repair 1!oI not economically feasible or Lender's security would be k'sscned, the insumnce proceeds shall be
<br />applied to the sum!! ~ured by this Secunly Instrument. whether or not then due, with any excess paid to Borrower. If
<br />Borrower abandons Ihe Property. or does not answer within 30 daY!t a notll:e from Lender thut the insurance currier has
<br />offered 10 senlc a claim. then lender may collecllhe insurance proceeds. Lender may use I he proceeds 10 repair or res lore
<br />the Property or to pay sums secured by Ihis Securily Inslrumen1, whelher or nOlthcn due. Thc .lO-day period will begin
<br />when Ihe nolice is ghlen
<br />Unless Lender and Borrower otherwise agree In wriling, any applicntion of proceeds to principal shall nol exterld or
<br />postpone the due dale oflhe mOlllhly payments referred to In paragraphs 111nd 2 or change the amount oflhe puymenls. Jf
<br />undcr paragraph I') the Pruper1y IS acquiroo by Lender. Borrower's right to any in~urance pn!lcle!lo and proceeds resulting
<br />from damag~ 10 the Property pnor 10 the acquisition shall pass to Lender 10 thl: extent ofth(' ,urn, ,,:cured by thiS Security
<br />Instrumenl immedulIely pnor to Ihe acquisilion,
<br />6, PreHnatlon and !\Iaintenlnee of Property; Leaseholds. narrower shall nol dl~lruy, damage or \ub5.tantially
<br />change the Propcny. allow Ihe Property to delenorate or commil waste, If tllls. Security In!'olrumen1 i~ on a leasehold,
<br />Borrower !ihall comply With Ihe pro\'isions of the le:lse. and irnorrower acquires ree tllle to the Property. the leasehold ami
<br />fee tille shall not merge unJas. Lender agrees 10 the merger in wriling.
<br />7. Protmion 01 Lender's Rights in the Propert)'; !\lortRa~e Insurance. If Borrower fails h'l perform the
<br />covenants and agreements containl.-d in thiS Secunty Jnstrumenl. or there l!'o a Icg.al pmcecdins Ihat may "Iignificunlly affecI
<br />Lender's rights in the Properly (such us a proceeding in bankruplcy, prohate, for cnndemnatlon or 10 cnrorce law~ or
<br />regulations), then Lendrr may do and pay for whal;:vcr IS neces.sary tn protecllhe \aluc of the Property and Lender's righh
<br />in 1he: Properl)'. lender's actions ma)' mclude paying an}' !loum!!. secured b}' a h.:n winch Ita, prinnl}' (l\"tT 1111\ Security
<br />Instrument. appearing in court. pa)'lng reasonable attorneys' fees and enlenng un IhC' Properl) tn mll~e rcpalr' ^ltholl~h
<br />Lender may take action under this parngrnph 7. Lender docs nol ha".e 10 do \0
<br />Any amounts disbursed by Lender under I hi!'. parngraph 7 ...hall hcl."omc addluorllll debl of Hornl\\ CI 'n.urct.l h) Ihl'
<br />Securit)' Inslrumrnl. UnlCM Borrower and Lender agree to othC'r lerm!'o nfpaymclIl. the\c amnUlll' ..ha!! hear 1n1~rc"l rnllll
<br />the dale of dl~buBCmr:nt al tIn: NotC' rale and ,Illlll he pa}'anlC'. wllh Inlerc'l. 1I1't1tl nlltlCt' frPIlI I.CIll.kf 111 Bnrro\\C'r
<br />rcquouug payment
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<br />88_104671
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