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<br />UNIFORM COVEN^NTS Darrower nnd Lender cnvennlll11nllllgrec Il~ fullow..
<br />t. Payment or Principal and Inlere.t: Prepayment and I.ole ehorRe.. Ilnrrower ,hull promptly puy when due
<br />the principal of and Interest on the debt evidenced b)' the NOle ond uny prepnymenl I1nd lute chargcs due under thc NOle.
<br />2, Funds for Tuxes Rnd Insurance, Subject 10 npplicnble IU\\I or hlll wrillcn wlli\lcr by Lender, Borrower shall pny
<br />to Lender on the day monthly payments arc due undcr the NOle, untillhe Note i!l puid in full, u sum ("Funds") equal to
<br />one.tweInh of: (a) yearly taxes and assessments which may attain priority o\'l:r this Security Inslrument: (b) yearly
<br />le:lsehold payments or ground rents on the Property, if nny; (c) yearly hnzard insurunce pr~mlums: nnd (d) yearly
<br />mangage insurance premiums, if any, These items arc called "cscrm\i ilems." Lender may estinllue the Funds due on the
<br />basis ofcurrenl.dala and reasonable es:imatfi offulure escrow items.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br />state agency (including Lender if Lender is such an institution). Lendc:r shall apply the Funds 10 pay the escrow hems.
<br />Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless
<br />Lender pays Borrower interest on the Funds and epplicable law permits Lender to make such a charge. Borrower and
<br />Lender may agree in writing Ihat interest shaJl be paid on the Funds, Unless an agreement is made or applicable law
<br />requires interest to be paid, lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits 10 the Funds and the
<br />purpose for which each debit to the Funds walt made. The Funds are pledged as additional securily for the sums secured by
<br />this Securit}' 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 the escrow items, shall exceed the amourn--r-equired to pay the escrow items when due, Ihe excess shaH be,
<br />at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monlhly pnyments of Funds. If the
<br />amount of the Funds held by lender is not sufficient to pay the escrow items when due, Borrower shall pay to Lender any
<br />amount necessary to make up the deficiency in one or more pnyments as required by Lender.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower
<br />any Funds held by I.ender. Ifunder paragroph 19 the Property is sold or acquired hy Lender, Lender shall apply, no later
<br />than immediately prior to Ihe sale of the Property or its acquisition by lender, any Funds held by Lender at the rime of
<br />application as a credit against the sums secured by ihis Sccurhy Instrument.
<br />3. Application of Payments. Unless applicable law p:ovides otherwise, all payments received by Lender under
<br />paragraphs J and 2 shall be applied: first, to Inte charges due under the Note; second. 10 prepnyment charges due under the
<br />Note; third, to amounts payable under paragraph 2; fourth, to interest due; and last, to principal dUe.
<br />4. Chargesj Liens. Borrower shall pay all taxes. assessments, charges, fines and impositions attributable to the
<br />Property which may attain priority. over thb Security Instrument, and Ie'"dsehold payments or ground rents, if any.
<br />Borrower shall pay these obligations in the manner provided in pnmgraph 2, or if not paid in that manner, Borrower shall
<br />pny 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 Borrower makes these payments directly, Borrower shall promptly furnish to lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Sccurity Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by the hen in a manner acceptable to Lender; (b) contests in good
<br />faith the lien by, or defends against enforcement of Ihe lien in. legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfciture of any part of Ihe Property: or (c) secures from the holder of the lien an
<br />agreemenl satisfactory to lender subordinating the lien to t his Security lnstrument. If lender determines that any part of
<br />the Property is subjecl to a lien which may aUain 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 nctions set forth above within 10 days
<br />of the giving of notice.
<br />S. Hazard Insurance, Borrower shaJl keep the improvcments now existing or hereafter erected on the Property
<br />insured against loss by fire. hazards included within the lerm "extended coverage" and any other hazards for which Lender
<br />requires insurance. This insurance shall be maintained in the amounts and for the periods thaI lender requires. The
<br />insurance carrier providing the insurance shall be chosen by Borrower subject to lender's approval which shall nol be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br />Lender shall have the right to hnld the policies and renewals. If Lender requires, Borrower shall promptly give to Lender
<br />all receipts of paid premiums anJ renewal notices. In the event of loss, Borrower shall give prompt notice to the insurance
<br />carrier and Lender. Lender may make proof ofloss ifnot made promptly by Borrower.
<br />Unless Lender and Borrower othtrwise agree in writing, insurance procceds shall be applied to restoration or repair
<br />of the Property damaged, 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's security would be lessened, the insurance proceeds shall be
<br />applied to the sums secured by this Security Instrument, whelher or nol then due, with any excess paid to Borrower. If
<br />Borrower abandons the Propeny. or does not answer within 30 days n notice from Lender Ihal the insurance carrier has
<br />offered to settle a claim, then lender may collect the insurancc proceeds. Lender may use the proceeds to repair or restore
<br />the Properly or to pay sums secured by this Security Instrument, whether or nol then due. The 3D-day period will begin
<br />when the notice is given.
<br />Unless Lender and Borrower otherwise agree in writing, any applicalion of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and 2 or change lhe amount of the payments. (f
<br />under paragraph I 9 the Property is acquired by Lender, Borrower's right to any insurance policies lInd proceeds resulting
<br />from damage 10 the Properly priorto the acquisition shall pass to lender to Ihe extent oflhe sums sl't;ured by this Securily
<br />Instrument immedialely pnor to the acquisition.
<br />6. Preservation and MaIntenance ofProperfy; Leaseholds, Borrower shall not deslruy. damuge or substnntially
<br />change the Property. allow the Property to deleriorate or commit waste. If this Security Instrument is on a leasehold,
<br />Borrower shall comply with rhe provisions of the lease, and if Borrower acquires fee title to Ihe Property, the ICllschold and
<br />fee title shall not merge unless Lender agrees to the merger in writing,
<br />7. Protection of Lender's Rights in the Property; Mortgage Insurance. If Bormwer fails to perform Ihe
<br />covenants and agreements contained in this Security Instrument, or there i!t n legnl proceeding Ihal may Significantly affecl
<br />Lender's rights in the Property (such as a proceeding in bankruptcy, probnle. for condemnation or to enforce Jaws or
<br />regulations), then Lender may do and pay for whate\lcr is necessary 10 protect the value of Ihe Property and lender's rights
<br />in Ihe Properly. Lender's actions may include paying any sums secured b}' a licit which hilS prlorilY Q\'er Ihi~ Security
<br />In.ltlrument, appearing in court. paying reasonable attorneys' fee... and entering 011 the Property to male repairs. Although
<br />Lender may lake action under Ihis paragraph ", Lender does not have to do SIl.
<br />Any amounls disbursed by lender under Ihis pnrngrnph 7 shull become n.ddlltOnlll debt of IJ(lrrnWer secured by this
<br />Security Instrument. Unless Borrower and Lender agree to other terms ofpaymcnt. thc..c amount.. ~hllll hear interest from
<br />the date of disbursement at Ihe Note ratc and ..hall he pn}'nhle. with IIItcrc!of. Urllll noll\.'", from I ellder III Borrower
<br />requesting payment.
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<br />106751
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