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<br />UNIFORM COVEN^:'IJrS lJarrower nnd LcndcrcO\'cnanlnnd ugrcc It.. follow..: ~Q_ 105650
<br />1. Payment or Prlnc::lpal and Interesti Prepayment and Late CharRcs. Borrower st\it1t' promptly pay when due
<br />lhe principul of and in1ere!!1 on 1 he debt evidenced by the Note llod uny prepayment and laic chn~gcs due under [he NOle.
<br />2. Funds r!JrTo:acs and Insurance. Subjecc 10 applicable Jawor 10 II writ leD waiver by Lender. Borrower shall pay
<br />10 Lender on the day monthly pO)'mCnIS ilrc due under the Note. unl1l the Nolc is paid in full. U !ium ("funds") equullo
<br />one-twelfth of: (n) )'c:urJy laxcs nnd a'isessmenls which may lttluin priorit)' over this Security Instrument; (b) yenrly
<br />leasehold payments or ground rcnl~ on the ProperlY, if uny; (e) yearly hazard insurance premiums; and (d) ycarly
<br />mortgage insurance premiums, if any. These items arc: called "escrow ilems." lender may eslimate the Funds due on the
<br />basis of currc:nt dam and reasonable estimates offuturc escrow items.
<br />The Funds shall be held in an institution the deposits or accounls of which arc insured or guaranteed by a federal 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 not charge f(li' holding and applying the Funds, analyzing Ihe act.'ount or verifying the escrow items, unless
<br />lender pay~ Borrower imeresl on lhe Funds and applicable Jaw permits lender to make such n charge, Borrower and
<br />lender may agree in writing that interest shaH be paid on the Funds. Unless an agreement is made or applicable hlw
<br />requires inten':S1 to be paid, Lender shalJ not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give 10 Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and Ihe
<br />purpose for which each debilto the Funds was made. Tht" Funds are pledged as addi1ional security for Ihe sums secured by
<br />this Securily 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 Ihe escrow it~m5, shall c:oocecd the: amount reqllired to pay 111.: t:!iL'rOW ilems when due, I he excess shall be,
<br />at Borrower's option, either promptly repaid to Borrower or credited 10 Burrower nn monthly paymenls of Funds. If the
<br />amount of the Funds held by lender is nol sufficient to pay the escrow ilems when dUt::,. Borrower shall pitY to lender uny
<br />amount m:cessary to make up I he deficiency in one or more payments as required hy Lender.
<br />Upon payment in full of all sums secured by this Security Inslrurnenl, Lender shall promptly refund to Borrower
<br />any Funds hc:ld by Lender. If under paragraph J9 the Property is sold or .u.:quired by lcndcr, Lender shall apply, no laler
<br />than immediutely prior 10 the sale of the Propeny or its acquisition by Lcndcr, IIny Funds held hy Lender at the time of
<br />application as a credit againsL the sums secured by this Security Inslrument
<br />3. Application or Payments. Unless applicable law provides lllherwi~e, all paymenls received by lender under
<br />paragraphs I and 2 shall be applied: first, to late charges due under 1he Note; ~ccond, tn prepayment charges due under the
<br />Note; Ihird, 10 amounls payable under paragraph 2; fourth, 10 interest due; and last. to principal due.
<br />4. Chargesj Liens. Borrower shall pay all ta:ooes, assessments, charges, fines and impositions attributable to the
<br />Property which may attain priority. over Ihis Security lnstrument, and leasehold payments or ground rents. if any.
<br />Borrower shall pay these obligations in the manner provided in panlgraph 2. or if not puid in that manner, Borrower shall
<br />pay them on time direclly to the person owed payment. Borrower shall promplly rurni~h to Lender all notices of amounts
<br />to be paid under this paragraph. If Borrower makes thesc paymenls direl'lly, Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge Ilny lien which has priority ovcr this Security Illslrument unless Borrower: (a)
<br />agrees in writing to the payment of Ihe obligation secured by Ihe lien in II manner acceptable to lender; (b) contests in good
<br />faith the lien by. or defends against enforcement of Ihe lien in, legal prpccedings which in the Lender's opinion operate to
<br />preven! the enforcemenl of the lien or forfeiture of any part of the Properly; or (c) secures from the holder of the lien an
<br />agreemenl satisfactory to lender subordinating lhe lien to this Security Inslrumcnt. If lender del ermines Ihat any parl of
<br />the Property is subject to a lien which may attain priorily over Ihis Security Instrumcnl, lender may give Borrower a
<br />noUce identifying the lien. Borrower shall 5arisfy Ihe lien or lake OTIC or more of the actions!iC( forth above within 10 days
<br />of the giving of nolice.
<br />S. Hazard Insurance. Borrower shall keep the imprm.ements now existing or hereafler crected on the Property
<br />insured against loss by fire, hazards induded within the lerm "extended coverage" and any 01 her hazards for which Lender
<br />requires insurance. This insurance shall be maintained in Ihe amounts and for the periods that Lender requires. The
<br />insurance carrier providing the insumnce shall be chosen hy Borrower subject to Lender's approval which shall not be
<br />unreasonably wilhheld.
<br />All insurance policies and renewals. shall be acceptable to Lender and !'ihall include a standard mortgage clause.
<br />Lender shaH have the right to hold the policies and renewals. If Lender requires, Borrower shall promptly give to Lender
<br />all receipls of paid premiums and renewal notices. In the event of loss, Borrower shall give prompt notice to the insurance
<br />carrier and Lender. Lender may make proof orIoss if not made promptly by Borrower.
<br />Unless Lender and Borrower olherwise agree in writing, insurance proceeds shall be applied Lo resloration or repair
<br />of the Property damaged. if the restoration or repair is economically [easible and lender's security is not lessened. If the
<br />restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be
<br />applied 10 Ihe sums secured by Ihis Security Instrument, whether or not then due, with "ny excess paid to Borrower. If
<br />Borrower abnndom. the Property, or does not answer within 30 days a nlltil.:c from Lender that the insurance carrier has
<br />offered to sertle a claim, Ihen Lender may collt.-ct the insurance proceed!'i. Lender may use Ihe proceeds 10 repair or restore
<br />the Propeny or 10 pay sums secured by this Security Inslrument. whelher or !lot lhen due. The 30.day period will begin
<br />when the notice is given,
<br />Unless Lender and Borrower otherwise agree in writing, any applical iun of proceeds 10 principal shall nol extend or
<br />postpone the due date oflhe monthly paymen1s referred 10 in paragraphs I and 2 or change rhe amount of the paymenls. If
<br />under paragraph J9 the Property is acquired by Lender. Borrower's nght to any imurancc policies and proceeds resulting
<br />from damage to the Property prior to the acquisition shall pass to Lender 10 Ihe exlenl ofrhe sums secured by Ihis Securily
<br />Ins1rument immediately prior 10 the acquisition.
<br />6, PresenBUon and Mainlenance of Property; leaseholds. Bormwcr shall not destroy, damage or substantially
<br />change Ihe Property. allow Ihe Properly to deteriorate or commit waste. If 1 hi!. SecurilY Instrumcnt i~ on a leasehold,
<br />Borrower shall comply with Ihe pravlsions of the lease, and if Borrower acqUlrc,", fee title to the Property, Ihe leasehold and
<br />fee title shall not merge unless lender agrees to Ihe merger in writing.
<br />7, ProlecUon of Lender's Rights In the PropertYi MortgaJlc Insurance, If Borrowl'r falls 10 perform the
<br />covenants and agreements cOlltained in this Securi1y Instrumenl, nr there I~ a legal proccedin!! Ihal may slgnificanlly affect
<br />Lender's rights in the Pror"ert~' (such as a proceeding in bunkruptcy, probate, for 1..-ondemnalulII or to t.'nfon.::e laws or
<br />regulations). then Lenuer may do nnd pay for wha1ever is necessary 10 protect Ihc value (lrthe Propl.'rly and Lender'!> nght!'.
<br />in the Property. lender's actions may include paying any sums secured hy a lien \lo'llIch ha!'. pnorll)' o\'t.'r 1111" Security
<br />lnslrument, Ilppc:'anng in court. paymg reasonable ll11orncys' fee!> and entering on the Prppert) to make repair!'., Although
<br />Lender may take acllon under thts paragraph 7,lenderdoes 1101 hu\'t:' 10 dn..o
<br />Any arnounls dlshurs.cd hy Lender under thl!<o paragraph 7 ..hall hel.'<lIne ilddllltlllUllkhlllf Ullrnl\\ t'r "l.'curl't1 11, lhl..
<br />Secunty Instrumenl, Voles.. Born}.....er and Lender agree tn other It'rm.. Ill' pa~.menl. thl"'>l' aml'lIm.. ..hill! hear 11llt'rt'..t rnlm
<br />the date {If dl!lhur'ioemenl III Ihe Noll' ratc I1nd ..Imll hI: payahk "nh 1Il11.'rl."'>1. upon 111'11~'l' frnm I rlltkr hI Bllrrll\h'1
<br />rcquC\lmg pOl)"mc=-nl
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