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<br />UNIFORM CoVliNANlS. Borra....nnd Lender covenlnllnd agree a. follows: 88- 104920
<br />I, Pa)'lIIenl of Priodpal aod Ilt....1; Prepayment.ad Lat, Charaes. Dorrower .hall promptly pay when due
<br />the principal orand interesl on Ihedebt evidenced by Ihe Note Ind Iny p",plymenland lale chnrges due under Ihe Nole,
<br />Z, Funds for T....aod Insurance. Subjecllo Ipplicablcllw orlo a wrillen waiver by Lender. Dorrower shall pay
<br />10 Lender on Ihe day mDnthly paymenls I.e due under the Note, untillhe Note Is paid in full, a ,urn ("funds") equal to
<br />one-Iwemh of: (I) yelrly I.... Ind assessments whleh OIlY alliin priDrity over this SecurilY Inmumcnt; (b) yearly
<br />I....hold payments or ground ",nls on Ihe Properly, Ir any; (c) yearly hazard insurance premiums; and (d) yearly
<br />monSlge insurance premiums, if any. These items are called "escrow items:' Lender may estimate the Funds due on the
<br />basis ofCIJrrenl data and rea.wnable estimatesorruturc escrow items.
<br />The Funds shall be held in an institution the deposits or accounts of which urc insured or guaranteed by a federal or
<br />state 1gency (including Lender if Lender is such an in.lilulion). Lender shall spply Ihe funds 10 pay the escrow Items.
<br />Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items. unless
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such n charge. Borrower and
<br />Lender may agree in writing ~hat interest shall be paid on the Funds. Unless an agreement is. made or applicable law
<br />requires interest 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 />purpose: for which each debit to the Funds wns made. The Funds are pledged as additional security for the sums secured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to
<br />the due dates of the escrow items. shall cjI;\:ccd the amount required to pay the escrow items when due, Ihe eJtcess shall be,
<br />at Borrower's option, either promplly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />amount oflhe Funds held by Lender is nol sufficienl to pay the escrow item:. when due. Borrower shall pay 10 Lender any
<br />amount necessary to make up the deficiency in one or man: payments as required by Lender.
<br />Upon payment in full of all sums secured by this Securi1y Instrument, Lender shall promptly refund to Borrower
<br />any Funds held by Lender. If under paragraph 19 the Proper1Y is sold or acquired by lender. Lender shall apply. no later
<br />th:m immedialely pnor to the sale of the ProperlY or its acquisition by lender. any Funds held by Lender at the time of
<br />application as a credilagoinsllhC' sums secured by this Security Ins1rument.
<br />J, Application of Payments. Unless applicable Inw provides otherwise. nU payments received by Lender under
<br />paragraphs. 1 :md :2 shall be applied: first. to late charges due under the Note; second. to prepayment charges due under the
<br />Note; third. 10 amounls payable under parugraph 2; fOUr1h, to lnler~1 due; and last. to principal due.
<br />4, (b111te5; Uens. Borrower !ohall pa).' alllaxes, BssessmenH;, charges, fines and impositions attributable to 1he
<br />Propeny which may auain priority over this SecurilY Instrument. and leasehold paymenls or ground rents, if any.
<br />Borrower shall pay 1hese obligalion:\o in the manner provided in paragraph 2, or ifnol paid in that manner. Borrower shall
<br />pay them on lime dlTC:Ctly to the person owed payment. Borrower shall prnmptly furnish 10 Lender all notices of amounts
<br />10 be paid undr-r Ihis paragraph. If Borrower makes these payments dlTcctly. Borrower shall promptly furnish to Lender
<br />receipts evidencing 1he payments.
<br />Borrower shall promplly discharge any lien which has priont)" O\'er thi:. Security Instrument unJess Dorrower: (a)
<br />agrees in writing to the paymenl oflhe obligation secured by the lien in a manner acceptable to Lender; (b) conlests in good
<br />faith the lien by, or defends ugaInst enforcement of the lien in. legal proceedings which in the Lender's opinion operale to
<br />prevent rhe enforcemenr (If the lien or forfeiture: of any part of the Property; or (c) secures from the holder of the lien an
<br />agreemenl salisfaclOry to lender subordinating the lien to this Security Instrumenl. If Lender determines rhat any pari of
<br />the Propcny is subject to [1 lien which may attain priorilY over this Security Instrument. Lender may give Borrower a
<br />notice Identifying the lien. Borrower shall satisfy (he lien or1ake one or more of the aclions sel forth above within 10 days
<br />of the giving of notice.
<br />5, Hazard Insurance. Borrower shall keep the improvements nnw existing or here'Jfler erecled on the Proper1Y
<br />insured against loss by lire. hazards included within Ihe lerm "exlended cO\lerage" and any other hazards for which Lender
<br />requires insurance. This insurance shall be mainuunl-d in the amounts and for lhe periods Ihal Lender requires. The
<br />insurance carner providing the insurance." shall be chosen by Harrower ..ubJect 11) lcndcr'~ approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewnl:\o shall be accepluble 10 lender and shall include a slandard mongage clause.
<br />Lender shall have Ihe righl 10 hold the pohcu:~ and renewah-. If L~nder requlfc:\o, Borrower shall promptly give to Lender
<br />all receipts of paid premium!! and renewal nelico. In Ihe e\lenl of Ill!.!., Borrower !thai I give prompt notice 10 Ihe insurance
<br />carrier and Lender. Lender may make proof of loss If not mnde promplly by Bnrrowcr.
<br />Unle~ Lender and lk1rrower tllhervlI!te agree In wrltmg. m~urancc: proceed, shall be applied to res10ration or rep....ir
<br />of the Property damaged. if Ihe: rotorallon or repair is economically feasible and lender's security is nol lessened. If the
<br />restoration or repair l!o not economically feasible or Lender's sccunly would be lessened. the insurance proceeds shan be
<br />applied to the: sums secured by thiS Security Instrument, whether or nol Ihen due. wilh any excess paid 10 Borrower. If
<br />Borrower abandons the Propcny. or does not answer within 30 days a notice from Lender that the insurance carrier has
<br />orrered to settle B claim, then lender may collect the insurance procc:c:d\. Lender may use Ihe procc:eds 10 repair or restore
<br />the Propert)o' or to pa!J: sums secured by tim~ Security Instrument, whether or r.ot then due. The 30-day period will begin
<br />when the notice is g1,,'en.
<br />Unl~ Lender and Borrower otherwise agree in writing, any apphcnllon of proceeds 10 principal shall nOI extend or
<br />postpone the due date of the monthly pa)'ments referred 10 In paragraphs I and 2 or change Ihe amount of the payments. If
<br />under paragraph 19 the Property is acquired b).' lender. Borrower's right to any msunmce policies and proceeds resulting
<br />from damage to the Properly prior 10 the acquisition shall pass to Lender to the extent of (he sums secured by this Secunly
<br />Instrumenl immedia1e1y prior to rhe acquisition.
<br />6. Praenation and Maintenance of Propen)'; Leaseholds" Borrower ..hall nOI destroy, damage or ~ub~[anl1all)
<br />change the Propc:rt}., allow the Prope(1)' to deteriorate or commit Willttc. If thiS Security Inslrument i:; un n leasdlOld,
<br />Borro,,'crshall comply wi(h the provisions of the lease, and irBorrower acquire!l fee litle 10 Ihe Property. the leasehold and
<br />fee Iii Ie shall nol merge unless Lender agrees 10 the merger in wriling.
<br />7, Protection or Lender.s Rights in the Property; MDrtgage Insurance. If Borrower flJil:\o to perform Ihe
<br />covenanls. andagr~ments contained in this Securi(y Instrumel1l, or there I~ a I~gal proceedmg thar may SIgnificantly alft.'\."1
<br />l..e:nder'~ rights in 1he Properl)' (such as a proceeding in bankruplC)'. probate. for condemnation or to enforce laws or
<br />regulations). then Lender may do and pay for whatever is nec:ss.ary to protect the valuC' oflhe Properl}' and lender':; righls
<br />in the Propeny. Lender"s action50 may include paying any sums secured b)' a lien which ha~ pfIClnty o....er this Security
<br />Ins.1rument. appe.aring in court. paying reasonable a1tome)'s' fees and enlcnng on the Property 10 make re-plm' Allhough
<br />Leoda ma)' lake aCllon under Ihis par.J.graph 7, LenderdOC!ii not ha....e todo~"
<br />An)' amounts dls.bursed by lender under this paragraph 7 !lhall bc:cllme addllllloal dehluf HmTll"er "C:L'ureli by thl!>
<br />Sccunty Instrumr:nl Voles!' Borrower and Lender agree 10 other teTrn!o ofpa)o'mcnt. thc!oC ammmh ,llilJl hc.'al' mien......' fn'm
<br />the dale: of di~buf'llal1ent al the Note rate lmd \hall bt- payable. .....lIh IOler~1. upnn nollet." frlml 1 emkr ", IInnll\\C'r
<br />requounl p.I)'ment
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