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<br />UNIFORM CoVENANTS. Borrower and Lendercoyenantand as= as follows: 88- 106203
<br />I, Parmnt of PrIncipal and Inlerell; Prepa)'1lllnt sad Lall Cbll'lles, Borrower shall promptly pay when due
<br />the principal of and interest nn thedebl evidenced by Ibe Note and any prepayment and late charges due under the Note.
<br />.z. FwIdI for Tu..1IId IlIIlInIIce, Subject to appUcable law or to a wriuen waiver by Lender, Borrower sball pay
<br />to Lender on Ibe day monlhly paymenls are due under Ibe Note, until the NOle is paid in full, a sum ("Funds") equal to
<br />cm..twcIl\b of: (n) yearly taxes and assessments which may altain priority oYer this Security Instrument; (b) yearly
<br />leMdIold payments or ground rents on the Property, if any; (c) yearly bazard insurance premiums; and (d) yearly
<br />mortpae insurance premiums, if any. These items are called "escrow items." Lender may estimate Ibe Funds due on tbe
<br />basis of CIII1'eI\t data and reasonable estimates offuture escrow items.
<br />The Funds sball be beld in an inslitution tbe deposits or accounts of which are insured or guaranteed by a federal or
<br />state agency fmcludillg Lender if Lender is sucb an ir.stitution). Lender sball apply lb. Funds In pay tbe escrow items.
<br />Lender may not charge for bolding and applying the Funds, analyzing tbe accounl or verifying tbe escroW ilemS, unless
<br />Lender pays Borrower interest on the Funds and applicable Jaw permits Lender to make sucb a cbarge. Borrower and
<br />Lender may agree in writing that interest sball be paid on tbe Funds. Unless an agreement is made or applicable Jaw
<br />requires interesl to be paid, Lender sbaJl not be required to pay Borrower any interest or earnings on tbe Funds. Lender
<br />shaD give to Borrower, without charge, an oonuaI accounting of the Funds sbowing credits and debits to the Funds and tbe
<br />purpose for whicb eacb debit to the Funds was made. The Funds are pledged as addilional security for tbe sums secured by
<br />this Securily Instrument. .
<br />If the amount of the Funds beld by Lender, togctber with tbe future montbly payments of Funds payable prior to
<br />the due dales of tbe escroW items, sball exceed tbe amount required to pay the escrow items when. due, the excess sball be,
<br />at Borrower's option, either promptly repaid to Borrower or credited to Borrower on mnntbly payments of Funds. If tbe
<br />amount of tbe Funds beld by Lender is not sufficient to pay tbe escrow items wben dne, Borrower sball pay to Lender any
<br />amount necessary to make up the de6ciency in nne or mnre payments as required by Lender.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender sball promplly refund to Borrower
<br />any Funds beld by Lender. If under paragraph 19 the Property is sold or acquired by Lender, Lender sbaJI apply, no later
<br />tban immediately prior to tbe sale of the Property or its acquisition by Lender. any Funds beld by Lender at tbe time of
<br />application as a credit against tbe sums secured by tbis Security Instrument.
<br />3, App1Ieatioa of Pa)'1lleota. Unless applicable law provides otberwise, all payments received by Lender under
<br />paragrapbs I and 2 sbal1 be applied: 6rst, to late charges due under the Note: second, to prepayment cbarges due under tbe
<br />Note; tbird, to amounts payable under paragrapb 2: fourth, to interest due; and last, to principal due.
<br />4, CbargeI; U..... Borrower sball pay all taxes, assessments, cbarges, 6nes and impositions attributable to the
<br />Property wbicb may attain priority. oyer tbis Security Instrument, and leasebold payments or ground rents, if any.
<br />Borrower shaD pay tbese obligations in tbe manner provided in paragraph 2, or if not paid in tbat manner, Borrower sball
<br />pay them on time directly to the person owed payment. Borrower sball promptly furnish 10 Lender all notices of amounts
<br />to be paid under tbis paragraph. If Borrower makes these payments directly, Borrower sbnIl promptly furnisb to Lender
<br />receipts evidencing tbe payments.
<br />Borrower shall promptly discbarge any lien whicb bas priority oyer tbis Security Instrument unless Borrower: (a)
<br />agrees in writing to tbe payment of the obligatinn secured by the lien in a manner acceptable to Lender; (b) contests in good
<br />faitb tbe lien by, or defends against enforcement of the lien in, legal proceedings wbicb in tbe Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeilure of any part of Ibe Property; or (c) secures from Ibe bolder of tbe lien an
<br />agr<emenl salisfactory to Lender subordinating tbe lien to Ibis Security Instrument. If Lender determines Ibat any part of
<br />the Property is subject to a lien wbicb may attain priority OYer Ibis Security Instrument, Lender may give Borrower a
<br />notice identifying tbe lien. Borrower shaD satisfy the lien nr take nne or more oflbe actions set fortb above within 10 days
<br />of the giving ofnotice.
<br />5. HuartlIII8UJ'8IIee. Borrower sball keep the improvements now existing or bereafier erected on tbe Property
<br />insured against loss by 6..... hazards included witbin Ibe term ....tended coyerage" and any otber bazards for wbich Lender
<br />requires insurance. This insurance sball be maintained in tbe amounts and for tbe periods Ibat Lender requires. The
<br />insurance carrier providing tbe insurance sbaIl be cbosen by Borrower subjecl to Lender's approyal which shall not be
<br />unreasonably witbbeld.
<br />All insurance policies and renewals sbaIl be acceptable 10 Lender and sbaIl include a standard mortgage cJause.
<br />Lender shaD haye tbe right to hold the poUcies and renewals. If Lender requires, Borrower sball promptly give to Lender
<br />oIl receipll of paid premiums and renewal notices. In tbe event of loss, Borrower sbal1 give prompt notice to tbe insurance
<br />carrier and Lender. Lender may make proof ofloss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds sball be applied to restnration or repair
<br />of tbe Property daJnaaed, if the restoration or repair is economically feasible and Lender's security is not lessened. If the
<br />restoration or repair is not economically feasible or Lender'. security would be lessened. tbe insurance proceeds .hall be
<br />applied to tb. sums secured by this Security Instrument, wbetber or not then due, with any excess paid to Borrower. If
<br />Borrower abandons the Property, or does not answer witbin 30 days a notice from Lender that tbe insutance carrier bas
<br />nfrered to llettle a claim, then Lender may collect the insurance proceeds. Lender may use tbe proceeds 10 repair or restore
<br />Ihe Property nr to pay sums secured by Ibis Security Instrument, wbelber or not then due. The 3lk1ay period will begin
<br />wben the notice is given.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal sbaIl not eXlend or
<br />postpone !hedue dale of the montbly payments referred to in paragraphs I and 2 or change tbe amount oftbe payments. If
<br />under paragrapb 19 tbe PropMty is acquired by Lender, Borrower's rigbt 10 any insurance policies and proceeds resulting
<br />from damaae to the Property prior to tbe acquisition shaD pasll to Lender to tbe extent ortbe sums secured by tbis Security
<br />Inslrumeol immediately prior to the acquisition.
<br />6, PraenatiOD ad MaInlelUUlte of Propertr; Leuebol.... Borrower shall not destroy, damage or substantially
<br />chao.. Ibe Property, allow the Propeny to deteriorate or commit waste. If this Security Instrument is on a leasebold.
<br />Borrower shan comply with tbe provisions oftbe lease, and if Borrower acquires fee litle 10 the Propeny, !f~9J!t;apd
<br />fee title shaD not merge unless Lender agrees to the merger in writing. . ,
<br />7. ProIectIae of Leader'1 RfPta In !he Propert)'; Mo....... luurance. If Borrower fails to perform the
<br />covenants and agreements contained in Ihis Security Instrument, or there is a legal proceeding that may signi6cantly affecl
<br />Lender', rights in tbe Property (such u a proceeding in bankruptcy, probate, for condemnation or to enforce Jaws or
<br />regulations), tben Lender may do and pay for whatever is necessary to protect the yalue oflhe Property and Lender's rights
<br />in lhe Property. Lender'. action, may include paying any sums secured by a lien which has priority oyer tbis Security
<br />IDltrUment, appearing in court, paying r.....nable attorneys' fees and entering on tbe Property to make repairs_ Although
<br />Lender may take action under this paragraph 7, Lender does not haye 10 do so.
<br />Any amounts disbursed by Lender under Ibis paragrapb 7 .ball become additional debt of Borrower secured by lhis
<br />Securily Instrument. Unless Borrower and Lender agree to other lerms of payment. these amounts shall bear iOlerest from
<br />the dale of disbursement at the NOle rote and sblll be payable, with interest. upon notice from Lender to Borrower
<br />requesting payment_
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