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<br />UNIFORM COVEN"NTS, Borrow.r .nd Len.M=,.nta~d ~~ ~'~J~ws:
<br />I. P.yme.1 of PrI.c1po1 ..d 1.lerell; Pnpayme.1 ..d Lat. Ch...es. Borrower .hull promptly puy when due
<br />the principal or.nd Int.r..t on Ihe d.bt.vld.nced by the Note .nd .ny pr.payment und lut. charg.. due und.rthe Nol..
<br />2. FuIHll for Tun and Iftlurance. Subjcct to applicablf' law or to n written waiver by Lender, Borrower shall pay
<br />to Lender on Ih. d.y monlhly paym.nts are due und.r Ihe NOle, until the Note I. paid In full, . sum ("Fund.") equal to
<br />one.twc:lCth or: (I) yearly ta:lles Bnd assessments which may Dtuin priority over this Security Instrument; (b) yearly
<br />leasehold paymentJ or Bround rents .on the Proper1YI if any; (c) yeaily hazard insurance premiums: and Cd) yearly
<br />mortpae inlunncc premiums. If any. Th~ items are called lIescrow items." Lender may cs1imate the Funds due on the
<br />basi. of current data and reuonabl. ..tim.... offuture escrow it.ms.
<br />The Funds shan be held in an institution the deposits or accounts of which are insured or guaranteed by a lederal or
<br />state agency (including Lerlder if Lender i. .uch an instilution). Lend.r .hall apply the Fund. to pay Ih. escrow items.
<br />Lender may not charsc for holdina and applyins the Funds, analyzing the account or verifying the escrow items, unless
<br />Lender pays Borrower inl.rest on the Funds and .ppllcabl. law permits Lend.r to make such a charge, Borrower and
<br />Lender may agree In writing thai interest shalJ be paid on the Funds, Unless an ugreement is mad. or applicable law
<br />requires interest !3 be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give 10 Borrower, withoul charge, an annual accounting of tbe Funds showing credits and debits to Ihe Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the :;ums secured by
<br />lhis Securily Instrument,
<br />If the amount of the Funds h.ld by Lend.r, tog.ther with ,he future monthly paym.nts of Funds payuble prior to
<br />the due dates of th. escrow items, shalle.ceed the amount required 10 pay the escrow Items wh.n du., the =ess shall be,
<br />at Borrower's option. either promptly repaid to Borrower or l;:rcditcd to Borrower on monthly payments of Funds. If the
<br />amount of the Funds held by Lender is not sufficient 10 pay the escrow items when due, Borrower shall pay to Lender any
<br />amounl necessary to make up the deficiency in one or more payments 85 required by Lender.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrow.r
<br />any Funds held by Lend.r. If und.r paragraph 19 Ihe Property Is sold or acquired by Lend.r, Lend.r shall apply, no Iat.r
<br />than immediately prior 10 the sale of the Property or its acqul.ltlon by Lend.r, uny Funds h.ld by Lender at the time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />3. Applleallon of P.ymenll. Unless applicabl. law provides oth.rwise, all payments received by Lend.r under
<br />paragraphs I and 2 sball be applied: first, to late charges due under the Not.; second, to prepayment charges due under the
<br />Note; third, 10 amounts payabl. und.r paragraph 2; fourth, to interest due; and 1851, 10 principal due.
<br />4, CIw1lea; liens, Borrow.r shall pay all talles, ......ments, charges, fines and impositions attributable to the
<br />Property which may attain priority over this Security Instrument, and I....hold payments or ground rents, if any.
<br />Borrower shall pay these obligations in the mann.r provided in paragraph 2, or if nol paid in that manner, Borrow.r sball
<br />pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph. If Borrow.r makes these payments directly, Borrow.r shall promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrow.r shall promptly dlscharg. any lien which has priority over this Security instrument unless Borrower: (a)
<br />agrees in writing to the paymenl of the obligation secured by th.ll.n In a manner acceptable to Lend.r; (b) contests in good
<br />faith th.lien by, or defends against enforcement of the lien In, legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any part of Ihe Property; or (c) secures from the holder ofth.li.n an
<br />agreement satisfactory to Lender subordinating tbelien to this Security Instrum.nL If Lend.r d.t.rmines that any part of
<br />the Property is subject 10 a lien which may attain priority over this Security Instrument. Lender may give Borrower a
<br />nolice identily;ng Ihe lien. Borrower shall satisfy Ih.li.. or take one or more of Ih. actions set forth above within 10 days
<br />of the giving of no lice,
<br />5. Huard Insunmce. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured apinst loss by fire, hazards included within the term "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 shall be chosen by Borrower subject to Lender's approval which shall not be
<br />unretlSOnably ..ithheld.
<br />AU insurance policies and renewals shall be acceptabl. to Lender and shall include. standard mortgage clause.
<br />Lender shall have the right to hold Ibe policies and renewaJs. If Lender requires, Borrower shall promptly give to Lender
<br />all receipll 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 mak. 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 lhe Property damaged, if Ih. restoration or repair is economically feasibl. and Lend.r's security is nOllessened, If Ih.
<br />relloration or repair is not economically feasibl. or Lender's security would be lessened, the insurance proceeds shan be
<br />applied to Ih. sums secured by too Security Instrument, wh.ther or not then due, with any e.cess paid to Borrower. If
<br />Borrower abandons the Property, or does not answer within 30 days a notice from Lender that the insutance carrier has
<br />otrered to settle a claim, then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore
<br />the Propeny or 10 pay sums secured by this Security Instrument, wh.th.r or not th.n du.. The 30-day period will begin
<br />wben the notice it given.
<br />Unleu Lender and Borrower otherwise agree in writing, any application of proceeds to principal shaD not extend or
<br />postpone the due date of the monlhly payments referred to in paragraphs I and 2 or change the amount ofthe payments. If
<br />under parqraph 19 tbe Propeny is acquired by Lender, Borrower's right to any insurance policies and proceeds resulting
<br />from damage 10 the Property prior to th""'Iuisition shall pass to Lender to the ..tenl of Ihe sums secured by this Security
<br />Instrument immediately prior to the acquisition,
<br />6. Prelenallon and Maintenance ofPropel1rl Leaaebolda. Borrower shall not destroy. damage or substantially
<br />chan.e the Property, allow the Property to deteriorate or commit waste. If this Security Instrument is on a leasehold.
<br />Borrower ah.ncomply with the provisions of the lease, and if Borrower acquires fee title to the Property. the leasehold and
<br />fectill. shall nol merge unless Lender agrees to the merger In writing.
<br />7. Protec:tIoa of Leader'. Rip" in the Property; Mortgaae lasurance. If Borrower fails 10 perform the
<br />coyenantJ and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly affect
<br />Lender's rialus in the Property (such as a proceeding in bankruptcy, probate. for condemnation or to enforce laws or
<br />........tlonsl, then Lender may do and pay for whatever is necessary 10 protect the valu. ofth. Property and Lender's rights
<br />in the Property. Lender's actions may include paying any sums secured by a lien which has priority over this Security
<br />lns1rumenl, appcarins in court, paying reasonable attorneys' fees and entering on the Propeny to make repairs. AlIhaugh
<br />Lendcrmay take action under this paragraph 7, Lender does not have ta do so. ; .! '. . - .
<br />Any amountl disbursed by Lender under this paragraph 7 shall become additional debt" or Borrower secured by thiS
<br />Security Instrument. Unless Borrower and Lender agree to other terms of payment. Ihese amounls shaH bear interest from
<br />the date of diibunement al the Note rale and shall be payable. with inlcrest. upon nolice from lender 10 Borrower
<br />requalinS payment.
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