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<br />,88- 106790
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<br />UNIFORM COVENANTS. Borrow.r and Lend.r eov.nanl and agree as follows:
<br />I, l'aymeal 0' Principal IIId Inler..l; Pnparmanlllld Lale CharsOl, Borrow.r shall promptly pay wh.n due
<br />Ihe principal ofllld int.r..t on the deht evld.nced by the NOI. and aoy prepaym.ntand late charges due underthe NOI..
<br />1, Funda 'or TuOI IIId Inauranee, SubJeello sppllcabl.law or to a wrillen waiver by Lender, Borrow.r shsll pay
<br />10 Lender on the day monthly paymenl. sre due under the Note, untlllhe Note i. paid In full. a sum ("Fund.") .qusllo
<br />one-twelfth of: (s) yearly ts... snd ......m.nt. whieh msy allain priority ov.r thl. Security In.trument: (b) y.srly
<br />leuehold payments or ground rent. on lh. Propeny. If any: (c) yearly hSZlrd insurance pr.miums: and (d) yearly
<br />mortpae insurance premiums. if any. These items are called "escrow Items." Lender mil)' estimate the Funds due on the
<br />buis of current dill and reasonable ..timst.. of future escrow items,
<br />The Fonds .luIl be held In an instltutioo Ihe deposits or accollnts of which sre insured or gusranleed by a federal or
<br />.lIte II80IIcy (including Lender if Lender is .uch an Institution), Lender shall apply the Funds to pay the escrow Items.
<br />Lender n..y not charae for holdins and applyins the Funds, enalyzins the account or v.rifyinS the escrow Items, unl...
<br />Lender pays Borrower interest on the Funds sl1d applicable law pennits Lender to make such s charge, Borrower and
<br />Lender may agree in writing thai interest shall be paid on the Funds, Unl... sn agreem.nt is mad. or applicsbl. law
<br />requires interesl to be paid, Lender shall not be required to pay Borrower any interest or eamings on the Funds. Lender
<br />shall Ii"c to Borrower, without charge, an annual accounting of the Funds showing credits and debits to tbe. Funds and the
<br />purpose for which each del>it to the Funds was msd., Th. Funds sre pledSed as additional security for Ih. sums secured by
<br />this Security Instrument,
<br />Ifth. amount ofth. Funds held by Lend.r.tos.th.r with th. future monthly payments of Funds paysbl. prior 10
<br />the due dates oflhe 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. n the
<br />amount of the Funds held by Lender is not sufficient to pay the escrow items when due, Borrower shaD pay to Lender any
<br />amount necessary to make up the deficiency in one or more payments as 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 Lender, lCund.r paragraph 19 Ih. Property is sold or acquired by Lend.r, Lender shallspply, no ISI.r
<br />than immedistely prior to th. saI. of th. Property or its scquisition by Lender, any Funds h.ld by Lender at th. time of
<br />application as a credit sgainstlh. sums secured by this Security Instrum.nL
<br />3, Application of Paymenb, Unless appllcabl.lsw provides otherwise, all paymenls received by Lend.r uod.r
<br />parasrspbs I and 2 shall be spplied: fits!, to lal. charg.. due under the Not.: second, to prepayment charses due under the
<br />Note; third. to amounts payable under paragraph 2; fourth. to interest due; and last.. to principal due.
<br />4. 0aaraeI; UeDI. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br />Property which may attain priority. over this Security lnstrument, and leasebold payments or ground rents. if any.
<br />Borrower shaII pay these oblisations in the manner provided in paragrapb 2, or if nol paid in wt manner. Borrower shall
<br />pay them on tim. directly to the person owed paymenL Borrow.r shall promptly furnish 10 Lender all notic.. of amounts
<br />to be paid under this parasrspb, If Borrower makes these payments directly, Borrow.r shall promptly furnish to Lender
<br />receipts evidencing th. payments,
<br />Borrower shall promptly discharg. any lien which has priority over this Securily Instrumenl unless Borrow." (a)
<br />agrees in writing to the payment ofth. obllsation secured by th. lien in a manneraccepllble to Lender; (b) cont..ts in Sood
<br />faith the lien by, or defends against enforcemenl of the lien in. legal proceedings which in the Lender's opinion operat.to
<br />preventth. enforcement of th.lIen or forfeilure of any pan of the Property; or (e) secures from the holder of Ih.lien an
<br />ssreement satisfactory to Lender subordinsting the lien to this Security InstrumenL IC Lender determines that any pan of
<br />the Property is subject to a 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 on. or mar. of the actions set forth above within 10 days
<br />of the givins of notice.
<br />5. HuanlIDaannce. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured sgainsl loss by lire, hazards included within th.term ....tended coverag." and any oth.r 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 />unreasonably withh.ld,
<br />All insurance polici.. and ren.wals shall be acceptabl. to Lend.r and shall includ. a standard monll"B. clsuse.
<br />Lender shaII haveth. right to hold the polici.. and renewals, IC Lender requires, Borrower shall promptly giv. to Lender
<br />all receipts of paid premiums and renewal notices. In the event of loss. Borrower shall giv. prompt notice to the insurance
<br />carrier and Lender, Lender may make proof ofloss ifnot mad. promptly by Borrow.r,
<br />Unless Lender and Borrower otherwise agree in writins. insuranc. proceeds shall be applied to restoration or repair
<br />of the Property damased. if th. restoratioo or repair is economically feasible and Lender's security is not lessened, If th.
<br />restoration or repair is not economically feasibl. or Lender's s:curity would be lessened, the insurance proceeds shall be
<br />applied to th. sums secured by this Security Instrument, wh.ther or not tben due, with any ..cess 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 />oft'en:d to seuIe a claim. then Lender may collecl the insllrance proceeds. Lender may use tb. proceeds to repair or restor.
<br />the Property or to pay sums secured by this Security Instrumenl, whether or not then due. The 3O-dsy period will begin
<br />when thenoliceis given,
<br />Unless Lender and Borrow.r otherwise asn:c: in writing, any application of proceeds 10 principal shall not ..tend or
<br />postpone the due dateoflhe monthly payments referred 10 in parsgrapbs ] and 2 or chansethe amount ofth. payments. lf
<br />under parasrsph 19 thc Property is acquired by Lender. Borrower's right to any insurance polici.. and proceeds resulting
<br />from damag. to the Property prior to th. scquisition shall pass 10 Lend.r to th. ..tent oflh. sums secured by this Securily
<br />Instrument immediately prior to the acquisition.
<br />6, Praerntion ad Mslatenance of I'roperV; LeDebolds. Borrower shall not d..troy, dsmase or substanlially
<br />c:hauac th. Property. allow th. Property to deteriorate or commil waste. If this Security Instrument is on a leasehold,
<br />Borrower shaII comply with the provisions ofth.l..... and if Borrower acquires fee tiUeID the Propeny, the leasehold and
<br />f..title Ihsll nol merge unless Lender ag..... to the merser in writinS,
<br />7. Protedlon of L.der'a RIaJda in the Property; Mortgqt 1nIurance. If Borrow.r fails to perform th.
<br />covc:oanb and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly affect
<br />Lender's rights in the Property (such as 8 proceeding in bankruptcy, probate, for condemnation Dr to enforce laws or
<br />rqulations), then Lender may do and pay for whatever i. necessary to prolect the valu. oflh. Propeny snd Lender's rights
<br />in lbe Property. Lender's actions may include paying any sums secured by B lien which has priority over this Security
<br />Instrument. appearing in court, paying reasonable attorneys' fees and entering on the Propeny 10 make n:pairs.. Allhaugh
<br />Lender may take action undcrthis paragraph 7, Lender does nol have to do so.
<br />Any amounts disbuned by Lender under this paragraph 7 shsll become additional d.bt ofBorrow.r secured by this
<br />SecuriEY Instrument. Unless Borrower and Lender agree 10 other terms of payment. these amounts shall bear interest from
<br />the date: of diibunement at the Note rale and shall be payable, with interest, upon notice frUm Lender to Borrower
<br />requestinJ payment.
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