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<br />UNIFOItM CoVENANTS Borrowr.r and Lender covenantlnd agree as follows:
<br />I, Paymut.f Prlncl.... and laterat; Prepayment and Late Chlrges. Borrower shall promplly pay when due
<br />the prineipal of and interesl on lhe debt evideneed by Ihe NOle Ind any prepaymenl and late charges due under Ihe Nnle.
<br />2, Fuadl for Toes and Insurance, Subjecllo Ipplicable law or 10 a wrinen waiver by Lender. Borrower shall pay
<br />'0 Lender on Ihe day monlhly paymenlS Ire due under Ihe NOle, unlillhe Nole is paid ;n full, a sum ("Funds") equal 10
<br />one-twernh of: (a) yearly lues Ind assessmenls which mly auain priOrilY over Ihis SecurilY Instrumenl: (h) yearly
<br />lcuchold pIIymcnt5 or ground rents on the Property, if anYi (c:) yearly hazard insurance premiums; and (d) yearly
<br />monpp: insurance premiums. if any. These items arc called "escrow items." Lender may estimate the Funds due on the
<br />basis of current data and reasonable estimates offuturc escrow items. .
<br />The Funds shall be held in an instilution the deposilS or accounls of which are insured or guaranleed hy a federal or
<br />sllte 1gency (including Lender if Lender is such an institution). Lender shall apply Ihe Funds 10 pay Ihe escrow ilems.
<br />Lender may not charge for holding and applying the Funds, analyzing the accounl or verifying Ihe escrow items, unless
<br />Lender pays Borrower in1ereSt on tbe Funds and applicable law pennilS Lender 10 make such a cbarge. Borrower and
<br />Lender may agree in writing thai in1ereS1 sball be paid on Ibe Funds. Unless an agreement is made or applicable law
<br />requires interesllo be paid, Lender sball not be required 10 pay Borrower any inleresl or earnings on Ibe Funds. Lender
<br />shall give to Borrower, withoul charg.. an annualaccounling oflbe Funds showing credils and debilSlo Ihe Funds and Ihe
<br />purpose for whicb eacb debil to the Funds was made. The Funds are pledged as addilional securily for Ihe sums secured by
<br />this Se<:urity InstrumenL
<br />If the amount of the Funds held by Lender, together wilh Ihe fUlure monlhly paymenlS of Funds payable prior to
<br />tbe due dates of the escrow items. shall exceed the amount required to pay the escrow items when due. the excess shall be,
<br />at Borrower's option. either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />amount of the Funds held by Lender is not sufficient to pay the escrow items when due. Borrower shalt 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 this Security Instrumenl, Lender shall promptly refund 10 Borrower
<br />any Funds held by Lender. If under paragraph 19 Ihe Propeny is sold or acquired by Lender, Lendershall apply, no laler
<br />than immedialely prior 10 the sale of the Propeny or ilS acquisition by Lender, any Funds held by Lender al Ihe time of
<br />application as a credit against the sums secured by tbis Security Instrument.
<br />3, App1k:alioa of "'ymeala. Unless applicable law provides otherwise. all paymenlS received by Lender under
<br />paragraphs I and 2 shall be applied; firsl, to late charges due under Ihe Note; second, 10 prepaymenl charges due under Ihe
<br />Note; third, 10 amounts payable under paragraph 2; founh, 10 interesl due; and lasl. 10 principal due.
<br />., 0w1Iea; U..... Borrower shall pay all taXes, assessmenlS, charges, fines and impositions attributable 10 Ihe
<br />Propeny which may attain priorily. over Ihis Securily Instrument, and leasehold paymenlS or ground rents, if any.
<br />Borrower shall pay th"", obligations in the manner provided in paragraph 2, or if nol paid in that manner, Borrower shall
<br />pay them on time directly to the person owed paymenl. Borrower sball promptly furnish 10 Lender all nOlices of amounlS
<br />10 be paid under this paragraph. If Borrower makes th"", payments directly, Borrower shall promplly furnish 10 Lender
<br />receiplS evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over Ihis Securily Instrumenl unless Borrower; (a)
<br />a_ in writing 10 the paymenl ofthe obligation secured by the lien in a manner acceptable 10 Lender; (h) conlests in good
<br />faith the lien by, or defends againsl enfon:cment of the lien in, legal proceedings which in the Lender's opinion operale to
<br />prevent the enforcement of the lien or forfeiture of any part of tbe Propeny; or (c) secures from the holder of the lien an
<br />agreemenl satisfactory to Lender subordinating the lien to this Securily Inslrumenl. If Lender determines thaI any pan of
<br />the Property is subject to . lien which may attain priority over this Security Instrument. Lender may give Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set fonh above within 10 days
<br />of the giving of notice.
<br />5. Hazard 1DIaraDce. Borrower shall keep the improvements now existing or hereafter crc:cted on the Propcny
<br />insured against loss by fire, hazards included wilhin the tenD "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 />insurance carrier providing the insurance sball be chosen by Borrower subject 10 Lender's approval which shall nol be
<br />unreasonably withheld.
<br />AU insurance policies and renewals sball be acceptable 10 Lender and sball include a standard monPlle clause.
<br />Lender shall have the righlto hold the policies and renewals. If Lender requires. Borrower sball promptly give 10 Lender
<br />all reoeiplS of paid premiums and renewal notices. In the evenl of lOSS, Borrower shall give prompl notice 10 Ihe insurance
<br />carrier and Lender. Lender may make proof ofloss ifnOl 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 restoration or repair is economically feasible and Lender's securily is nOllessened. If the
<br />restoration or repair is nol economically feasible or Lender's security would be lessened, Ihe insurance proceeds shall be
<br />applied to the sums s.cured by this Security Instrument, whether or nol then du.. wilh any excess paid to Borrower. If
<br />Borrower abandons the PropertY. or does not answer within 30 days a notice from Lender that the insurance carrier has
<br />otrcred to settle a claim, then Lender may collect the insurance proceeds. Lender may use the prw...eeds to repair or restore
<br />!be Property or to pay sums secured by this Security lnstrumenL whether or not then due. The 3O-day period will begin
<br />when the notice is given.
<br />Unless Lender and Borrower otherwise agree in writin~ any application of proceeds 10 principal shall not extend or
<br />postpone the due dal<: of the monlhly paymenlS referred to in paragraphs I and 2 or change the amount of the payments. If
<br />under _b 19 the Property is acquired by Lender, BDrrower's righllo any insurance policies and proceeds resulting
<br />from dam:qe to the Property prior to the acquisition shall pass to Lender to the extenl of the sums secured by this Security
<br />Instrumenl immediately prior 10 the acqoWtion.
<br />6. F,~ ..4luu.... Mm__ of~ LeueboldL Borrower shall nor deslroy, damage or substanlially
<br />change !be Propeny, allow the Propeny 10 deteriorate or commil wasle. If Ibis Security Instrumenl is on a leasehold,
<br />Borrower shall comply with the provisions of the lease. and if Borrower acquires fee litle 10 Ihe Propeny, Ihe leasehold and
<br />fee title iha1l not merge unless Lender agr.... to the merger in writing.
<br />7. I'rotecIIa. or ......... RiPta ia the ~ MIII't\IIIC IIIIllI'IDCC. If Borrower fails 10 perfonn the
<br />coyenantJand qreemcnts contained in this Sectlrity Instrumenl, or there is a legal proceedinglhal may significanlly affect
<br />Lender's riplli in the Property (such as a proceeding in bankruptcy. probate. for condemnation or to enforce laws or
<br />regulationl). then Lender may do and pay ror whatever is necessary to protect the value of the Propeny and Lender's rights
<br />in !be Property. Lender', actions may includ. paying any smm secured by . hen which has prionly over Ihis SecurilY
<br />Instrument. appearina in court. payina reasonable attorneys' fees and enrerinA on the Propeny 10 mAke repairs. Although
<br />Lender may take action under IhUparasraph 7, Lender does not have to do so.
<br />A...,y amouDlS disbursed by Lender under this puagraph 7 shall become additional debt orBorroweT sc:cured by this
<br />Security IDSb'UIDeIlt. Un.Jess, Borrower and Lender agree to other terms orpaymc:nt. these amounts shall bear Interest from
<br />the date of dilbunemcnt al the Note rale and shan be payable. with tnlerest. upon noUce from Lender 10 Borrower
<br />requesttnl paymenl.
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<br />105653
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