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<br />88-
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<br />105564
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<br />UNIFORM COVENANTS Borrower Ind '-"nder covenant Ind agree as follows,
<br />I, I'lIymenl Dr Prlnel,.J ad Inlerat; Prepaymenl ud Lale a.111I", Borrower shall promplly pay whcn due
<br />the principal orand interest on the debt evidenced by the Note Bnd any prepayment Bnd latc chBTgcs due under the Note.
<br />l. F'lIDda ror To.. ud I_rance, Subjecllo applicable law Dr to a wrinen waiver by Lcnder, Borrower shall pay
<br />to '-"nder on the dlY monlhly paymenlS a", due under Ihe Note, untillhe NOle is paid in full, a sum ("Funds") equal to
<br />on<-twemh of: (a) yearly talles and ......ments which may anain priority over this Security Instrumenl; (b) yearly
<br />leasehold payments Dr ground ",nlS on Ihe ProperlY, if any; (c) y..rly hazard insurance premiums; and (d) yearly
<br />monpac: insurance premiums. if any. These items are called "escrow items." Lender may estimate the Funds due on the
<br />basis of current data and reasonable estimates of fUlure escrow items.
<br />The Funds shall be held in an institution Ihe deposilS Dr ac<:ounts ofwhich are insured Dr guaranteed by a federal Dr
<br />state agency (including Lender if Lender is such an institution), Lender shall apply Ihe Funds to pay the ...row items,
<br />Lender may nol charge for holding and applying Ihe Funds, analyzing the aceount Dr verifying Ihe escrow ilems, unless
<br />Lender pays Borrower interesl on Ihe Funds and applicable Jaw permits Lender to make such a charge. Borrower anr!
<br />Lender may agree in wriling thaI interesl shall be paid on Ihe Funds, Unless an agreement is made Dr applicable law
<br />requires interest to be paid. Lender shall not be required 10 pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower. without charge. an annual accounting orlhe Funds showing credits and debits to the Funds and the
<br />purpose for which each debil to the Funds was made, The Funds are pledged as additional security for Ihe sums secured by
<br />this Security Instrument.
<br />If the amount ofthe Funds held by Lender. together with Ihe future monthly paymonts of Funds payable prior 10
<br />Ihe due dales of the escrow items. shall exceed the amount required 10 pay thc escrow items whcn due, the excess shall be,
<br />al Borrower's option, eilher promptly repaid to Borrower Dr credited 10 Borrower on monthly paymcnts of Funds, If the
<br />amount oflhe Funds held by Lender is not sufficienl to pay Ihe escrow ilems when due, Borrower shall pay to Lender any
<br />amOUnt necessary to make up the deficiency in one or more payments as required by Lender.
<br />Upon paymenl in full of all sums secured by lhis SecurilY Instrumenl, Lender shall promptly refund to Borrower
<br />any Funds held by Lender, If under paragraph 19 the Property is sold Dr acquired by Lender. Lendershall apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of
<br />application asa credit against the 5ums secured by this Security Instrument.
<br />3, Applleadoa of Pa)'JllODts, Unless applicable Inw provides otherwise, all payments received by Lender under
<br />paragraphs I and 2 shall be applied: fi"'t. to late charges due under the NO'e; second, to prepaymenl charges due under Ihe
<br />Note; third, 10 amounlS payable under paragraph 2; fourth, to inleresl due; and lasl, to principal due,
<br />4. ~ Uo... Borrower shall pay all taxes, ......ments, charges, fines and impositions auributable to Ihe
<br />Property which may attain priority. over this SecurilY Instrument, Bnd leasehold payments or ground rents, if any.
<br />Borrower shall pay these obligations in the manner provided in paragraph 2, or if nol paid in that manner, Borrower shall
<br />pay Ihem on time directly 10 Ihe person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under Ihis paragraph, If Borrower makes these paymcnts direclly, Borrower shall promptly furnish to Lender
<br />receipts evidencing the paymenlS,
<br />Borrower shall promplly discharge any lien which has priorily over this Security InSlrument unless Borrower: (a)
<br />agrees in writing 10 the payment oflhe obligation secured by the lien in a manner aceeptable 10 Lender; (b) contests in good
<br />faith the lien by, Dr defends against enforcement of Ihe lien in, legal proceedings which in Ihe Lender's opinion operale to
<br />p",venl the enforcemenl of the lien Dr forfeiture of any part of the Property; Dr (c) secures from Ihe holder of the lien an
<br />agreemenlsatisfactoJ)' 10 Lender subordinating the lien 10 this Security Instrumenl, If Lender determineslhat any part of
<br />the Property is subjecl to . lien which may altain priority over this Security Inslrument, Lender may give Borrower a
<br />notice identifying tbe lien. Borrowcr shall satisfy thc lien or take one or more of the actions set forth above within 10 days
<br />ofthegivingofDotice,
<br />5. Hamrd IDluruce. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured apinstloss by fire, hazards included within the tenn "cxtended cOVeralSi.:tI ~d any other hazards for which Lender
<br />requires insurance. This imurance shall be maintained in the amounts and for the periods that Lender requires. The
<br />insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be
<br />unreasonably withheld,
<br />All insurance policies and ",newals shall be acceptable to Lender and shall include a standard mortgage clause,
<br />Under shaJI have Ibe right to hold the policies and renewals. If Lender requires, Borrower shall promplly give to LeDder
<br />all rooeiplS ofpaid premiums and renewal oOlices, ID the evenl ofloss, Borrower shall give prompt notice to Ihe insurance
<br />carrier alId Lender. Lender may make proof of loss if nol made promptly by Borrower,
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair
<br />of the Property damaged, if the restoralion or ",pair is economically feasible and Lender's security is not lessened, If the
<br />restoration Dr n:pair is not economically feasible Dr Lender's security would be lessened. the insurance proceeds shall be
<br />applied to Ihe sums secured by lhis Security I..trumenl, whether Dr nol then due, with any ex.... paid 10 Borrower, If
<br />Borrower abandons Ihe Property, Dr does lIot answer wilhin 30 days a notice from Lender that Ihc insurance earricr has
<br />oft'ered to settle a claim. Ihen Lender may collect Ihe insurance proceeds, Lender may use Ihe proceeds to repair Dr restore
<br />the Property Dr 10 pay sums secured by this Securily Instrument, whelher Dr not Ihen due, The 3().day period will begin
<br />when the notice is given.
<br />Unlcu Lender and Borrower otherwise agree in writing. Bny application of proceeds to principal shall not extend or
<br />poslpone Ihe due dale of Ihe monlhly payments referred to in paragraphs I and 2 Dr change lhe amount ofthe paymenls, If
<br />under parapapb 19tM Property is acquired by Lender, Borrower's right to any insurance policies and proceeds resulting
<br />from damqe to the Property prior to the acquisition shall pass to Lender to rhe extent o(the sums secured by this Security
<br />Imtrumcnt immediately prior to the acquisition.
<br />6. Prelerr8tiOIl aM MalateDallte of Propetjr; La.lebolda. Borrower shall not destroy. damage or substantially
<br />change the Property, allow the Property to deteriorate or commit waste. If this Security Instrument is on a leasehold,
<br />Borrower shall comply with Ihe provisions oflhe I...., and irBorrower aequires f~ lit Ie to the Property, the leasehold and
<br />ree title shall not merge unless Lender agrees to the meTIer in writing.
<br />7. Protectioa or Lmder'a RIPII la tbe ~rty; MortpllO lnauranu. If Borrower fails to perform the
<br />rovenant. and IlreemcnlJ. contained in thi. Security instrument, or there is a Icgal proceeding that may significantly affect
<br />1.axIcr'1 rish11 in the property (such III . proceeding in bankruptcy, probate., for condcmnalion or 10 enforce laws or
<br />rqulaliODl), then Lender IDlY do and pay for whatever is ncccuary to protcclthe value of the Properly and Lender's rights
<br />in the Properly. Lender's actions may include payinl any sums secured by a lien which has priority over this Security
<br />Instrument. appearing in count payinl reasonable auorneys' fea and entcring on the Property to make repairs. Although
<br />I..ender may take action under Ihi. paragraph 7, Lender does not have to do so.
<br />Any amounts diibuned by Lender under this paralraph 7 shall become addlllOnal debt of Borrower secured by Ihls
<br />Security Inslrument. Unleu Borrower and Lender Igree to other terms of payment. these amaunls shall bear mleresl from
<br />the dare or cfu.bunemenl II the NOle rale Bnd shan be payable. w1th mterest. upon nollce from Lender 10 Dornlwer
<br />req....uDI paymenl,
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