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<br />UNI....ORM CO\'F.NASTS norrower and Lender cO\'enant and "gree u... fnlln.....\
<br />1. Pa,mul of Principii and Inter..t; Prepl,ment and Late Charge.. "nrrower ,hall promptly pal' when due
<br />the principal of and interest on the debt evidenced by the Note and any prcpaymentllnd late chnrgcs due under Ihe Note.
<br />2. Funds for Tax" and Insurance. Subject ro applicable Ill\\' or 10 11 wrinen waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly paymenls arc: due under the Note, unlil the Note is paid in full, a sum ("Funds") equal to
<br />one-twelnh of, (0) l'earJy tAles and assessments which may altain priority over this Security .nSlrument; (b) yearJy
<br />leasehold po)'menlS or ground rents on the Property, if any; (c) yearly hazord insurance premiums; and (d) yearly
<br />mortgage insurance premiums. if any. These items arc called "escrow hems." Lender mny estimate the Funds duc on the
<br />basis oCcurrent data and reasonable estimates oCCuture escrow ilems.
<br />The Funds shall be held in an institution the deposits or accounts of which arc insured or guaranteed by n federal or
<br />state agency (including Lender if Lender is such an institution). Lender shall appJy the Funds to pay the escrow item..
<br />Lender may not charge for holding and applying the Funds. analyzing the account (1r verifying the escrow items, unless
<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. Un Ie,"," un agreement is made or applicable law
<br />requires interes.tto be paid, lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shIH give 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 arc pledgcd as IIdditionnl security for the sums secured by
<br />this Sec~rity Instrument.
<br />If the amount of the Funds held by lender, together wilh the future monthly payments of Funds payable prior to
<br />the due dates of the escrow items, shall exceed the amount required 10 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 us required by Lender.
<br />Upon payment in full of all sums secured by this Security 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 ucquisition by Lender. any Funds held by Lender at Ihe time of
<br />application as a credh against the sums secured by this Security Instrumenl.
<br />3. Application or Payments. 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; fourth. to interest due; und last, to principal due.
<br />4. ChBJIe5i Liens. Borrower shall pay alltalle5, assessmenlS. charges, fines and impositions auributable to the
<br />Proper1y which may allain prioril)' .over this Security Instrument, and leasehold payments or ground rents, if any.
<br />Borrower shall pay these:: obligations in the manner provided in paragraph 2, or if nol paid IIIthul manner, Borrower shall
<br />pay them on time directly 10 the person OWL'tI payment. Borrower shall promptly furnish to Lender all notices of amounl"i
<br />10 be paid under this paragraph. If Borrower mukes these payments directly. Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge Any lien which has priority O\'er Ihis Securily Inslrument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by Ihe lien in a manner acceptable to Lender; (b) contests in good
<br />faith the lien by, or defends aguinsl enforcement of the lien in. legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of the lien (l( forfeiture of any part of the Propcr1y; or (c) secures from the holder of the lien an
<br />agreement satisfactory 10 Lender subordmating the lien to this Security Instrument. If Lender determines thal any part of
<br />the propeny is subject 10 a lien which may attain priority over Ihis SeeurilY Instrument. Lender may give Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien or luke one or more of the actions set forth above within 10 days
<br />of the giving of nolice.
<br />5. Hazard Insurance, Borrower shall keep the improvements now ellisting or hereafter erected on the Property
<br />insured againstlos.'t by fire. hazards included within the term "extended co....erage" and any other hazards for which Lender
<br />requires insurance. This IIIsurance shall be maintained in the amount!o. and for lhe periods that Lender requires. The
<br />insurance carrier providing Ihe IIIsurance shall be chosen b)' 8orrower subject to Lender's approval which shall not be
<br />unreasonably withhdd.
<br />All insurance policies and renewals shall be acceptable (0 Lender and shull include a stondard mortgage clause.
<br />Lender shall have the righlto hold the policies and renewals. If lender requires, Borrower shall promptly give to Lender
<br />all r~ipts of paid premiums and renewal nolico. In the event of loss, Borrower !thai! givc prompt notice to the insurance
<br />carrier and Lender. lender may mak..: proof of loss if not made promptl)' by Borrower.
<br />Unless Lender and Borrower olherwise agree in wrillng, insurance proceeds shull be applied to restoration or repair
<br />of the Property damaged. if the restoration or repair is economically feasible and Lender's security is not lessened. If the
<br />restoration or repair is not economically feasible or Lender's sccurily would be lessened. the insurance proceeds shall be
<br />apphcd to the sums secured by this Securily Instrument. whether or not then due. with any cxcess paid to Borrower. if
<br />Borrower nbandons Ihe Property, or does not answer within 30 days a notice from Lender Ihat the insurance carrier has
<br />offered to settle a claim. then Lender may collect the msunmce proceeds. Lender may use the proceeds to repair or re~tore
<br />the Propcny or to pay sums secured b}' this Security Instrument, whether or not then due. The 30.day period will begin
<br />when the notice is given.
<br />Unll$S Lender ODd Borrower olherwise agree m writmg, any application of proceeds 10 principal shall not extend or
<br />postpone the duc-date of the monthly payments referred 10 in paragraphs I and 2 or change the amount of the payments. If
<br />under paragraph 19 the Property is acquired by Lender. Borrower's righ1 to any insurance policiL"S and proceeds resulting
<br />from damage to the Property pnor to the acquisition shall pa:iS to Lender to the ell.lenl of the sums secured by this Security
<br />Instrument immediatel)' prior to lhe acquisilion
<br />6. Prrsenal10D and I\tainlt~nanee or Properly; LeAseholds. Borrower shall not destroy, damngc or \ubslantially
<br />change the Propcny, allow the Pro~rty to detcriorale or commit waste. If this Secunt)' Instrumenl is on a leasehold.
<br />Borrower shall comply with the proVisions of lhe leu~. and if Borrower acquires fee title to the I)roperty, the Icnsehold and
<br />fee title shall not merge unl~ Lender agr~ to the merger in writing.
<br />7. Protection of Lender', Riahts In the Property; \\IortKOlle Insu~ance. If Borrower fail\ 10 perform the
<br />covenants and agreements contained in thl!/' Secunt)' Instrument. or there is <I legal proceeding that may Mgmficantly affect
<br />L:ndcr'~ rights in the Property (such a10 a proceeding in bankruptcy. probate, for condemnalllm or to enforce laws or
<br />feBulalions).lhen Lender ma~' do and pay fur whUIC\'er IS necessary 10 prolectlhe vulue of the Propeny and Lender'., rights
<br />in the Property. Lender's Bellon!!. mn)' include fl.llymg Dny !Ium~ ~cun..od b}' a hen which ha... pnonly over lhi!lo Security
<br />lmotrument. appearing in court, r'lying rCD\t1lmhlc ullorneY5' fe~ and entering on Ihe ProperlY 10 makc- rerlllr",. Ahhough
<br />Lender may take action under Ihl'!! plIrasrtlf'h 7, Lender does not hn\'c to do ~o
<br />Any Ul1l0unl5 disbufloC'd by Lender under thl!'o pnrugraph 7 ..hall become addl1ltmul del'lt tlf BlIrro"t.'r ~cured b)' this,
<br />Security Instrument- Unl~~ Borrower IInd Lender agree 10 olher terms of pllymeTlI. I he'e anll'unt., ..hull benr Il1lcrest frnm
<br />Ihe date of dh,buncmcnl nl the Null." rute I1ml ..hall he: pllyahlc. l\lth ItIIt.'rt....t. uroll tUltlCt:' Ifllnl Lcndt.'r to Borrower
<br />requcsnnl pa)'mcnt
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<br />88- 104858
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