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<br />UNIFORM COVEN^NTS. Borruwer and lender c:uvC:'nanl and a,.v.cl' us fLSa..7 105 B 2:3
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<br />1. Pilyment of Principal and Intercst; Prepayment Rnd Lote Charges. UorruwC:'r shall promptly pay when'due rhC:'
<br />principal of and interest un thedebr evidenced by the Note and any prepayment and lutC:' charges due under the Nule.
<br />2. Funds (or Taxes and Ir.surance. Subject w applicable law or to a written waiver by Lender, Borrower shall pay to
<br />I..cnder on Ihe d3)' monthly payments are due under the Nute, until the Note is paid in full, a sum ("Funds") equal to
<br />one-twelfth of: la I yearly laxes and assessments which may auain priurity UVl'r this Security Instrument; (b) yearly leasehold
<br />payments or ground rcntson the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly mortgage insurance
<br />premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the basis of current dum and
<br />reasonable estimates of future escrow items.
<br />The Funds shall be held in an institution the deposits nr accounts uf which arc: insured ur guarantecd by a federal or
<br />stute agency (including Lender if Lender is such an institutiun). Lender shall apply the I:unds to pay rhccscrnw item:i.l.cndcr
<br />may not charge for holding and applying the funds, analyzing the a(wunt or verifying the escrow items, unless Lender pays
<br />Borrower interesl on rhe Funds and applicable law permits Lender to make such a charge. Burruwer and Lender may agree in
<br />writing that interest shall be paid on the Funds. Unless an agreement is made or applicablc law requires interest to be paid,
<br />Lender shull not be required to pay Borrower any interest or earnings un the Funds. Lender shall give tu Burrnwer, without
<br />charge. an annual accounting of the Funds showing credits and debits III the Funds and the purpose fur which each debit to the
<br />Funds was made. The Funds are pledged as additiunal security for the sums secured by this Security Instrument.
<br />If the amount of the Funds held by Lender, together with Ihe future munthly payments of Funds payable prior to the
<br />due dates of the escrow items, shall exceed the amount required w pay the escrow items when due, the excess shall be, at
<br />Borrower's optino. either promptly repaid ru Burrower or credited to Burrower un monthly payments of Funds. If the
<br />amuunt of the Funds held by Lender is not sufficient to pay the escrow items when due, Burrower shall pay to Lender any
<br />amount necessary to make up the deficiency in one ur more payments as required by Lender.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall prumptly refund to Borruwer any
<br />Funds held by Lender. If under paragraph II) the Pruperty is sold or acquired by Lender, Lender shall apply, nu later than
<br />immediately prior to the sale of the Pruperty or its acquisitiun by Lender, any Funds held by Lender at the time of applic:atiun
<br />as a credit against the sums secured. by this Security Instrument.
<br />3, Application of Payments. Unless applicable law pruvidcs otherwise, all payments received by Lender under
<br />paragraphs 1 and 2 shall be appliC:'d: first, to late charges due under thl' Nute; sl'Clmd, to prepayment charges due under the
<br />Nure; third, [0 amuunts payable under paragraph 2; fourth, rn iOlerest due; and last, rn principal duc.
<br />4, Charges; Liens. Borrower shall pay all taxes. assessment.s, charges, fines and imposiriuns attributable tu the
<br />Prupcrty which may auain prioriry uver this Security Instrument, and leasehnld payments or ground rents, if any. Burrower
<br />shall pay these obligations in the manner provided in paragraph 2. ur if nur paid in rhal manner, Burrower shall pay them on
<br />timedirecrly to the person uwed payment. Burrower shall promptly furnish to Lender all nmices {If amounts 10 be paid under
<br />this paragraph. If Borrower makes these payme01s directly, Burruwer shall promptly furnish tl> Lender receipts evidencing
<br />the paymcnts.
<br />Burrower shall prumplly discharge any lien which has priority over this St.-curity Instrument unless Burrower: (a)
<br />agrees in writing to rhe payment of theubligatiun sccured by the lien in a manner acceptable III Lt.'nder; Ib} contests inguud
<br />faith rhe lien by, ur defends against enfurccme01uf the lien in, legal proceedings which in the Lcnder.s opinion operate to
<br />prevent Ihe C:'nfurcement of the lien or forfeiture of any part uf the Property; ur IC) secures from the hulder uf rhe lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security Insrrument. If Lcnder determincs that any part (If the
<br />Property is subject to a lien which may attain priorilY over this Sl'curity lnstfurncnt, l.cnd~'r milY give Burrower a notice
<br />identifying the lien. Burruwer shall satisfy the lien or take one nr mure uf the actillns set fUrth abuve wirhin 10 daY5 of ~hc:
<br />giving of notice.
<br />S. Hazard Insurance. Borrower shall keep the impruVl'mCnlS nuw l'xisdng lIr hl'reafter l'rened lIn the Propc:ny
<br />insured against luss by fire, hazards included within the lcrm "cxrcndl'd Ctl\.cra~e'. and any tither hazards fur which Lender
<br />requires insurance. This insurance shall be maimained in the amuum!t ,!Od fur Ihl' periods thar Lender requires. The
<br />insurance carrier providing the insurance shall be chnsen by Burrllwer subll'CI (tJ Lender's approval which shall nUl be
<br />unreasunably withheld.
<br />All insurance policies and renewals shall be.- a(xepl<lble CO l.cndl'r and !thall include a standard murtgageclausc. Lender
<br />shaH have the right lU hold rhe policies and renewals. If Lender rl'quire!l, Burruwer shall prnmptly ~ivc 10 Lender all receipts
<br />uf paid premiums and renewal mltices. In the event uf luss, Burruwer shall Hive prompt nut ice hi the insurance carrier and
<br />Lender. Lender may make prtHJf of luss if not made promptly by Horruwer
<br />Unless Lender and Burruwer utherwise agree in wriling, insurance proceeds shall be applied tII restoration or repair
<br />uf the Pruperty damaged. if the restoratilJn ur repair is ecunumically feasible and Lender's security is nllt lessened. If the
<br />reslUratiun or repair lS nut econumically feasible or l..ender"s sel'Urit)' wuuld be lessened, the insurancc prucceds shall be
<br />applied to the sums secured by this Security Instrument, whether ur nut then due, wilh any l"Xcess paid to Burrower. If
<br />Burrower abandons the Property, ur does not answer within 30 days a nudce frum Lender that tin: insuram:c carrier has
<br />uffered to settle a claim, then Lender may culleCt the insurance proceeds. Ll'nder may use the pruceeds to repair ur rCSUlre the
<br />Property or tu pay sums secured by this Security Instrument. whether or nur then duc. The ,~{}.day periud will beJ.tin when the
<br />nmice is given.
<br />Unless Lender and Borruwer uthC:'rwise a~rt"C in writing, any applicatilln uf proceL'ds tl; principal shall nut (.'xtend llf
<br />postpone the due date uf the mllnthl)' payments referred to in paragraphs I and:2 ur chan~l;' the amuunt (If the payments. If
<br />under paragraph 19 the Pruperty is acquired by Lender. Burrower's righl to an)' insuranCl.: pulicics am.i pruceeds resuhing
<br />frum damage In the PrupC'flY priur tll tht' acquisitiun shall pass to Lendt'r III the exrent (If the sums secured by this Security
<br />Instrument immediately print to Ihe acquisitilln.
<br />6. Preservalion and Maintenance of Propertyi Leaseholds. BllrrOWl:"f. shall nut destruy, damage ur substantiall).
<br />change the Pruperty, allow the Property tn deteriurate or mmmit waste. If chis Security Insrrumeor is on a lC:'asehold.
<br />Borrower shall cumply with the pruvisiuns of the lease, and if Borruwer acquires fee title tU the Pruperty, rhe leasehold and
<br />fee tid~ shall nm mergr unless Lender agrees to the merger in writing.
<br />7. Protection of Lender's Righ15 in [he Property; Mortgage Insurance. If Burrower fails to perform the cuvenaors
<br />and agrecmenls ClJnl3inro in this Security Instrument, or there is u legal pru'eedin~ Ihal ma)' significantly affeL"t l.ender.s
<br />righls in the Pruperty (such as a proceeding in bankruptcy, probate, fur mndemnatinn (lr tll en'lIlcc laws or regulaliuns I. then
<br />Lender may du und pay fur whatever is necessary w prutect the value uf 1111: Propcrt). "nJ Lcndcr.s right!t 10 Ihe Prupercy
<br />Lenders actions may include paying any sums sl"CUrt.-d by a lien which ha~ prillrH~' 1I\'l'r t1l1!'.Sec:urit}" Imtruml'lll, appearing in
<br />COUft. paying reasunablr anurneys. f~es and entering un rhe Prllpert). III makC:' r(.'p.llrs Ahhnu~h l.eOlIL'r may take .Iuiun
<br />under Ihis paragnph 7. Lender docs nOl have UJ do SUo
<br />^ny amuunts disburseJ by Lender under this paragraph 7 shall heUlIIIC .lJdillunal dl'bl nf Burmwl'r .,cl.-llreJ by IIll!'.
<br />5<<urny Inslrumenl. Unless Borruwcr and under agree to nthcr lerm!t III pa)'I1lCnl. ,hL'!al' .lmelUIIIS SI1.lIl bl',lf incl're~1 frtlm
<br />thc-dal~ul dlsbunc-mc-nt 411 the Nnu: rare and shall be payable, wirh intC:'rcst. UJ'110 {llllll.l,ltlHn I.(.'ndcr III Btlrnlw(.'r rL-qIl(.'!otln~
<br />payment
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