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<br />88-105341
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<br />UNIFORM COVENANTS, Borrower and Lender covenant and agree ~ follow!!:
<br />I. Paymonl of Prt.dpoland 1.10ral; I'n!paymo.' and Lalo ChUllO.. Borrower sholl promptly pay wheo due
<br />the: principal of .and interest on the: deb. evidenced by the Note: and Dny prc:pnymcnlllnd IUle charges due under the: NOle.
<br />2. Funds for Taxes and Insurant:c. Subjccllo applicable low or 10 a wrillcn waiver by Lender, Borrower shall pay
<br />to Lender on the: day monthly payments an: due under the: NOIe, unli) Ihe: Note is paid in full, a sum ("Funds") equal 10
<br />one--twclfth of: (a) yearly Inxes and [lSSCS,Ojrncnls which mny BUDin priority over this Security ["sleumC"I; (b) yenrly
<br />leasehold payments or ground r'CIJts on the Property, if ony; (e) yearly hazard insurnnce premium!!.; and Cd) yearly
<br />mortgngc insurance premiums, if any. These items arc called "cscrow items." lender may estimate the Funds due on the
<br />basis of current data and reasonable estimates offuture escrow items.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by n fcderlll or
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Lender may nol charge for holding and applying the Funds, analyzing the account or verifying the eSl:row items, unless
<br />Lender pays Borrower interest on the Funds Bnd applicable law pennits Lender to make such a charge. Borrower and
<br />Lender may ngree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br />reqUires inlerest to be paid, Lender shall nOI be required to pay Borrower any intereat or earnings on the Funds. Lender
<br />shall give to Borrower, wilhout charge, an annual accounting of lhe Funds showing credils and debits to the Funds and the
<br />purpose for which each debit to the Fund'i was made. The Funds are pledged as additional security for Ihe sums secured by
<br />this Securitv Inslrumen..
<br />If Ih-e llmounl of1he Funds held by Lender, together with the future monthly pay men Is of Funds payable prior 10
<br />the due dates of Ihe escrow items, shaH exceed lhe amounl required to pay the escrow items when due, lhe excess shall be,
<br />at Borrower's option, either promplly repaid to Borrower or credited to Borrower on monthly pnymenls of Funds. [f the
<br />amount aflhe Funds held by Lender is nOI sufficienlto pay the escrow items when due, Borrower shall pay 10 Lender any
<br />amounr neces..-.ary 10 make up the deficiency in one or more paymenls as required by len'der.
<br />Upon paymenl in full of all sums s.ecured by this Security Insl rument, Lender shall promptly refund to Borrower
<br />any Funds held by Lender. [funder paragraph 19 the Propeny is sold or acqUired hy lender, lender shall apply, no later
<br />than immedialely prior to the saie of Ihe ProperlY or lis acqUlsitllm by Lender, any Funds held by lender al the time of
<br />application as a credit agains11he sums secured hy Ihls Securny Iuslruml.'nl
<br />3, Application of Payments. UnlC'S~ apphcable law provides otherWise, all payments received by Lender under
<br />paragraphs J and 2 ~hall be applied; first, 10 lare chargl's due under the NOle; ~ccond, 10 prepayment charges due under Ihe
<br />NOle; Ihlrd, 10 amount~ payable under paragr...aph 2; fourlh, I(J IIltercst due; lInd lasl, to prinCipal due.
<br />4, Charges: Liens. Borrower shall pay alltuxC'!t, a.~sC"tsmenl.., charges. fines and Imposilions allribulable to Ihe
<br />Prnpcrty which may altam rnont)' nver 111I!i Secunty Imlrument. ilnd leasehold payments or ground rcnts, if any,
<br />Borrower o;;hall pay these obligations m Ihe manner prn"'ided 111 paragraph 1. or If nol paid III Ihal Irunner, Borrower shall
<br />pay them on lime din.'Clly to (he per\on uwed payment. Borrower ..hall promplly furnt~h 10 Lender .\11 nolices of amounts
<br />Co be paid under (hl!a paragraph. If Borrower mak~ Ihese pa~:merll!\ dlreclly. Borrower shall promptly furnish 10 lender
<br />recclpl!lo eVldencmg Ihe paymenl!'!
<br />Borrower shull promplly dJ.'tchargc any Iren winch has prallnl}' o\'er tlw. St:'curily lll!!>trumenl unles!lo Borrower: (8)
<br />agrees In wotmg 10 the pay men I oflhe ohhgalinn secured by Ihe lien In a manner acceptable 10 Lender; (b) conlesls in good
<br />faith the lien by, or defend!l agalDsl enforcemenl of Ihe hen in, legal proceedings which III the lender's opinion operate to
<br />pre,,'enl the enforcement of Ihe hen or forfeiture: or any part \11' Ihe Property; or (c) secures from the holder (If Ihe lien an
<br />agreemenl !Ioatisfactory 10 Lender subordinating the hen 10 Ihls Seeun1y Inslrument. If Lender determines Ihat any part of
<br />[he Propen)' IS subject to a hen which may aUum pnority O\'er Ihls Secunty Instrumenl, lc:nder may give Borrower a
<br />nolJce identifymg the hen. Borrower shaH satisfy the lien nr take une or more of the actions sel forth above within 10 days
<br />oflhe giving ofnotice.
<br />5, Hazard Insurance. Borrower shlllllc.ccp the improvemenls now existing or hereafter erected un Ihe Property
<br />insured uguinstloss by fire, hazards induded wlIhin Ihe term "exlended cOl,'crage" and any (uher hazards for which lender
<br />requires insurance. This Insurance shall be malntamed in Ihe amount!. and for lhe pcrlllds that Lender requires. The
<br />insurance carrier proViding the 1D~un,nce shall be chmen by Borrower subject to lender'" approvlJl which shull nut be
<br />unreason.bly wllhhcld,
<br />All Insurance pohcu:~ and n:newaJ~ ~haJJ be acceptable to Lender and shall mdude OJ "Iandard mortgage clause.
<br />Lender shull h.ne Ihe TIght 10 hold Ihe policies and renewals. If Lender requITes, Borrower shall promplly give to lender
<br />aU receipls of paid premium!. and renewal nolices. In Ihe e\'ent nf los!!, Borrower shall gi',e prompt nurice 10 the insurance
<br />carner llnd Lender. Lender may make proof of loss If nOl made promptly by Borrower
<br />Unll:S5 lender and Dorro"er otherWise agree In wnllng, msurance procec..'t.Is shall be applied to restoration (lr rcpr.ir
<br />of the )-ropert)' damaged, jf Ihe rotorallon or repalf IS econonl1cally feaSible and lender'~ security i~ nOI It.-ssened. If lhe
<br />restoral1un or repair 1!Ir. nof economically feasible or Lender's sccunt}' would be lessened, Ihe insurance proceeds shall be
<br />applied (0 rhe ~ullU secured by IhlS Scc:urity Instrumcm, wherher or nol then due, With any excess paid 10 Borrower. If
<br />Borrower abandons (he Property, or does not answer wilhin JO da)'s a nollee from Lender Ihat the insurance carrier has
<br />offered (0 !!>cllle il claim, then Lender ma)' collect the insurance proceeds. Lender may use the procccd~ to repair or rcslore
<br />the Propeny or 10 pay sum!!. secured by 1hls Security In~trumenl, whelher or nol Ihen due. The 30-day peTlod will bcgm
<br />when the notu:c l!t gl\len.
<br />Unless. Lender and Borrower olherwise agree In writlllg, any apphcallul1 ofprocecd~ In prinCIpal shall nOI ex lend or
<br />poslpone the due dale: oflhe monthly pa)'ment~ referred 10 m paragraph!l. I and 2 or change the amount nflhe paymenl". If
<br />under paragraph 19 the Propeny IS acquired by Lender, Borrower',!! right to any IlIsurance policies and prnct:'t:ds resultmg
<br />rrom damage to the Property prior to Ihe acquislIlOn sholl pa~s 10 It:nder In Ihe t:"tC'lII of the ..urn.. !'tecurl-d oy Ihi.. Secunly
<br />Inslrument Immethatdy prior to the acqulMl1on.
<br />6. Presena.ioQ and ~laiQ.enanC'f or Property; Leaseholds, Borrower ..hllll not deSlroy. damnge llr \ubstantially
<br />change the Property, allow the Properly to detenorale ur commll waste If thiS SeL"ltrllY In~lrumefll I" on a leasehold,
<br />Borrower shall comply wllh Ihe proVISIOns of the lea!loe. and if Borrower acquires fee tllll.' llllhe Pruper1~. Ihe lea..ehold and
<br />fee 1IIIe shall not merge unl~ Lender agrees to Ihe merger in writing.
<br />7, Protection of Lende"lI Rights in .he Property; MortpJl:r Insurance. If Borrower fall!. 10 perform the
<br />covenants. and IIgrecmcnl'" contained III Ihl'" Secunt)' Inslrumem, or there 1!Io a legal pW\..l"edlllg Ihal may ..lgnlJicanlly affel'l
<br />Lender's nghls in Ihe Properly (such Il!lo D proceedmg in bankruptcy, probare, for WJldemnalllll1 or III enforce law, \1('
<br />regulatlOn').lhen Lender may do and pay for whatever is necosaT)' 10 prolecl the ..alue \lfthe Properly and lender'.. nghl"
<br />In Ihe Propeny. Lender's actions may lIIc1ude paying any surm. sa:ured by a hen which has pnom)' mer Ih... SL'l.unly
<br />Instrumenl, appeanng in coun, fl3ymg r~nn8ble attorneys. fees and enlenn~ on the Prnperly Itl rnal..e repair.. Althou~h
<br />Lender ma)' lake DctlOn unLler thu. paragraph '. Lender docs nOI ha\'e 10 du..n
<br />Any am01Jnls dl\buned by lender under IhlS paragraph 1 shall beC(lme acJdltlonnl dehl (If Bllrrt I" l'1 'c:'lur('d hy I h...
<br />Secunl)' In$trumenl. Unles!. Dorrower Bnd lender agree to other tC'rm.. (If payment, Iht"C anUllltll.. ..hall hear 1111L'rt"'ol (nlm
<br />lhe date of dl'buncmC'Tll III Ihe Note rale and "hall he payable, With lIIft'reo.l, uptln nnll\'l' fnlffl 1 end!:,1 hI 1I.'fI"'H'r
<br />rcqUC'ilml plll)'mcnl
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