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<br />88- 104904
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<br />UNIFORM COVENANTlJ. Borrower Ind Lender covmlnland asr.. as follows:
<br />I, Pa)1IIeaI of PrIncipal and Inlereot; Prepa)'lllenl and Lale Chlfll'" Borrower shill promplly PlY when due
<br />the principal oflnd inle...t ~n Ihedeblevidenced by Ihe Note Ind any prepayment Ind lite chlrses due under the Note,
<br />2. FuIIdI for T.I.. and 1_... Subject to Ipplicable Ilw or to a wrillen wliver by Lender, Borrowershlll pay
<br />II> Lender on Ihe dlY monthly payments Ire due under Ihe NOle, unlil the Note Is plid In full. a sum ("Funds") equlllo
<br />one-twelfth of: (I) yearly IlIlIes and ......menls which mlY Illlin priority oVer Ihis Securily Instrument; (b) yelrly
<br />leuebold payments or sround rents on the Propcny, If any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortp&c insurance premiums, if any. These items Ire called .....row hems," Lender mlY estimlte the Funds due on the
<br />basis ofclln'el1t dltllnd rcasonlble estimales offulure ...row hems.
<br />The Funds shall be held in an institulion Ihedeposits or ..counls of which are insured or SU8ranleed by I federal or
<br />Slall: qency (includins Lender if Lender is such an institullon). Lender shall apply Ihe Funds to pay Ihe ...row items,
<br />Lender mlY nor charse for hold inS and Ipplyins Ihe Funds. anllyzinS Ihe accounl or verifying Ihe ...row items, unless
<br />Lender paYlJ Borrower interesl on Ihe Funds and Ipplicable law permilS Lender 10 make such s chsrS" Borrower Ind
<br />Lender may agree in writing thlt interest shall be paid on the Funds. Unless In asreemenl is mlde or Ipplicable law
<br />requires inlerest to be paid, Lender shall not be required 10 PlY Borrower sny inleresl or eaminss on Ihe Funds. Lender
<br />shall give to Borrower, without charge. an annual accountins aflhe Funds showing credits and debits to the Funds and the
<br />purpose for which each debit 10 the Funds WIS made. The Funds Ire pledSed as addilional security for Ihe sums secured by
<br />Ibis Seeurity Instrument.
<br />If the amount of Ibe Funds held by Lender, toselber with the future monthly payments of Funds plyable prior to
<br />the due dates of the escrow items, shall6ceed the amount required to pay the escrow items when due, the excess shaH be,
<br />II BorroWer's option. either promplly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />amounl of the Fuads held by Lender is not sufficient to pay Ihe escrow items when due, Borrower shill PlY 10 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 III sums secured by this SecurilY Instrumenl, Lender shall promptly refund 10 Borrower
<br />any Funds held by Lender. If under parlsrlph 191he Properly is sold oracquired by Lender. Lender shall apply, no later
<br />lban immedillely prior 10 the sale of the Properly or its scquisilion by Lender. any Funds held by Lender al the lime of
<br />application as a credit against the sums secured by this Securhy Instrument.
<br />3, Appllcatioa nf Pa)'lllelll, Unless applicable Ilw provides otherwise, all plymenls received by Lender under
<br />paragraphs land 2 sball be applied: first, to laIc chl'8es due under the Note; second. 10 prepayment chl'8es due under the
<br />Note; third. 10 amounts payable under parasraph 2; fourlh. to inte...t due; snd lasl, 10 principal due.
<br />4, CItarps; U..... Borrower shall pay alllaXes, Il55CSsmenls. charses. fines and impositions llIributable 10 the
<br />Properly which may Illain priority. over Ihis Securily Instrumenl. and leasehold paymenls or sround rents, if Iny.
<br />Borrower shaD pay these obligations in the manner provided in paragraph 2. or if not paid in that manner. Borrower shall
<br />pay them on lime direcUy 10 Ihe person owed plymenl. Borrower shall promptly furnish 10 Lender all nOli... of amounts
<br />10 be paid under this paragraph. If Borrower mikes these paymenls directly, Borrower shall promplly furnish 10 Lender
<br />receipts evidencinS Ihe paymenls.
<br />Borrower shall promptly discharsc Iny lien ..hich has priorily over Ihis Security Instrumenl unless Borrower: (a)
<br />..,..,.. in wrilinSIO Ihe pa)'lllent oflhe obliplion secured by the lien in I msnner acceptable 10 Lender; (b) cohlests in Sood
<br />faith Ihelien by, or defends ISlinsl enion:ement of the lien in, lepl proceedinss which in the Lender's opinion operate 10
<br />prevenllhe enforcement of Ihe lien or forfeilure of Iny pari of Ihe Properly: or (c) secures from Ihe holder of Ihelien an
<br />aar-nenllllisflClory 10 Lender subordinatinSlhe lien 10 Ihis Security 'nSlrument. If Lender delermines thll any plrl of
<br />the Properly is subject to . lien whicb may attain priority over Ihis Security Instrument. Lender may give Borrower a
<br />notice identifyins Ihelien. Borrower shalllllisfy Ihe lien or take one or more ofthe"lions 501 fOrlh above wilhin 10 dlYs
<br />of the givillJ of notice.
<br />5. HaanlIIllW'allte. Borrower sh.n keep the improvements now existing or hereafter erected on the Property
<br />illlured apinslloss by fire. hazards included within the Icnn "extended. coverage" and any other hazards for which Lender
<br />requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The
<br />inourance carrier providins the insurance shall be chosen by Borrower subject 10 Lender's IpprovII which shall not be
<br />unl'C8lOlllbly wilhheld.
<br />All insurance policies and renewals shall be acceptable 10 Lender and shill include I Slandlrd mOrlpse clause.
<br />Lender shaJJ have the rishllO hold Ihe policies and renewIIs. If Lender requires, Borrower shall promplly siYe to Lender
<br />all receipts of paid premiuDlland renewal notices. In Ihe evenl of 1055, Borrower shill sive prompl notice 10 Ihe insurance
<br />carrier and Lender. Lender may malte proof ofloss if nol made promptly by Borrower,
<br />UnIaa Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied 10 resloration or repair
<br />of the Propcny damatled. if the restoralion or repair is economically feasible and Lender's security is nor lessened. If the
<br />restoralion or repair is not economically feasible or Lender's securily would be lessened. the insurance proceeds shill be
<br />applied 10 Ibe S\lJJ15 secured by Ibis SeeurilY Ino\JUmenl, whether or not then due. with any c:xcclI5 paid to Borrower. If
<br />Borrower abandons Ihe PropenYl or does nol answer witltin 30 days 8 notice from Lender lhallhe insurance carrier has
<br />olI'ered to settle a claim, Iben Lender may collecl the inourance proceeds. Lender mlY use Ihe proceeds to replir or restore
<br />Ihe Property or 10 pay sums secured by Ihis SeeurilY Instrumenl. whelher or nOI Ihen due. The 3lk1ay period will besin
<br />when the notice is given.
<br />Unless Lender and Borro..er otherwi5Oll8ree in ..ritinS, Iny Ipplication of proceeds 10 principal shnll not e'lend or
<br />poItponelhedue diu: oflhe monlhly payments referred 10 in parasraphs I Ind 2 or chanse the Imounl oflhe paymenlS. If
<br />uDder paraaraph 191M Property is acquired by Lender, Borrower's righllo any insurance policies and proceeds resulting
<br />rrom cIam.qe 10 the Property prior to lhe acquisition shall pass to Lender 10 the extent of the sums secured by this Security
<br />InslruJnCIIl immed....tdy prior 10 the acquisition.
<br />6. Pre.matioa and Malaleaance of I'roporft'; Leueholda. Borrower shall nol deslroy. dlmlSe or substlntially
<br />chanae the Property, all"", the ProperlY 10 deteriorale or commit wlSte. If this Securily .n5lrument is on a leasehold,
<br />Borrower Ihall comply with the provisions of the lease. and jrBorrower acquires ree title to the Propeny. the leasehold and
<br />fee tille shaJJ not merse unl... Lender ..,..,.. 10 the mer.... in writin..
<br />7. I'rmKtiooI of Leader'1 R1abll In tile ~y; Mon_ lnouranee. If Borrower fails 10 perform the
<br />COVCIWIts and qreements conllined in thi> Seeurity IlIJtrument. or Iher. IS I legal proceedins Ihlt mlY significanlly IfI'ect
<br />Lender's rtpu in the Propeny (sucb U I proceedins in b1nkruplcy. problte. fnr condemnllion or to enforce laws or
<br />.......lions).lhen Lender may dOlnd pay for ..hatever is necc55llry to prolccl'he vllue of the Properly Ind Lender's riShlS
<br />in ahe Property. I..ender', actions may include payin, any sums lC'Cured by a lien which has priorily over this Security
<br />hlltl'UIDCIlI. appcarin. in coun, payin, reuonable anomeys' fea and ~tcril1J on the Propeny to make repairs.. Although
<br />Lender IDlY take IClion under thi> paralraph 7. Lender doa not ha"e to do so.
<br />Any amounlsdisbursed by Lender under Ihil parqraph 7 shall become addllional debt of Borrower secured by ,hIS
<br />Security IftIlrument. Unless BofT()tWer Ind Lender Igree to olher terms or payment. Ihee .mounl!. shall bear inleresl from
<br />the date r:L dilbunanenr II rhe Nale ute and ,hall be payablL". wl1h lnlerc~'I. upon nOlice rrom lender to Borrower
<br />-,ml paymenl.
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