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<br />UNIFORM CoVENANTS, Borrower and under covenant and agree as follows: 88 - 106937
<br />I. P.ym..t.r PrI,"pol IDd 1.1....1; Pr.poym..l ..d LIII. Charg... Borrower sholl promplly pay when due
<br />tbe principal orand interest on the debt evidenced by the NOle and any prep:l)'ment and laic charges due under the Note,
<br />2. FUDeII for TUelud Inluranee, Subject to applicable law or 10 a wriuen waiver by Lender, Borrower shall pay
<br />10 Lender on Ihe day monlhly poyments .re due under Ih. Note, unlilthe Not. is paid in full, a sum ("Funds") equollo
<br />one-twclf'lb of: (a) yearly taxes and as~mt:nts whicb may attain priority over this Security Instrument; (b) yearly
<br />leasehold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortgage insurance premiums, if any. These items are called "escrow ilems." Lender may estimate the Funds due on the
<br />basis orcurrent data and reasonable estimates o(future escrow hems.
<br />The Funds shall be held in an institution the deposits or accounts or which are insured or guaranteed by a federal or
<br />state agency (includins Lender if Lender is such an institution). Lc:nder shall apply the Funds Ii) pay the escrow items.
<br />Lender may not charge for bolding and applying tbe Funds, analyzing the account or verirying tbe escrow items. unless
<br />Lender pays BoJTtJwer interest on tbe Funds &nd applicable law pcnnits Lender to make such a charge. Borrower and
<br />Lender may agree in writing that interest shall be paid on tbe Funds. Unless an agreement is made or applicable law
<br />n:quires interest to be paid, Lender shan 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 to the Funds and the
<br />purpose for wbich eacb debit to the Funds was made. The Funds are pledged as additional ~urity for the sums secured by
<br />lhis Securil)' InslTUment.
<br />If the amount or the Funds held by Lender, together with the future monthly payments or Funds payable prior to
<br />the due dates ortbe escrow items, sball exceed the amount required to pay the escrow items when due, tbe excess shall be,
<br />at Borrower's option. either promptly repaid to Borrower or credited to Borrower on monthly payments 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 payments as required by Lc:nder.
<br />Upon payment in full or all sums secured by this Security Instrument, Lender shall promptly refund to Borrower
<br />any Funds h.ld by Leod.r. Ifund.r paragraph 191h. Property is sold or acquired by Leoder, Lender shall apply, 00 later
<br />than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />3. AppUCI1Ion or P.ym...... Unless applicabl. law provides otherwise, all payments received by Lender uoder
<br />paragniphs I and 2 shall be applied: firsl. to lat. charges due und.r the Not.; second, to prepaym.nl charges due und.r the
<br />Note; third, to amounts payable under paragraph 2i fourth, to interest due; and last, to principal due.
<br />44 Cbarges; IJens. Borrower shall pay all taxes, assessments, charges. fines and impositions attributable to the
<br />Propeny which may attain priority. over this Security Instrument, and leasehold payments or ground rents, ir any.
<br />Borrower shall pay these obligations in the manner provided in paragraph 2, or jf not paid in that manner, Borrower shall
<br />pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender aU notices of amounts
<br />to be paid und.r this paragraph. If Borrower makes these payments directly, Borrow.r shall promplly furnish 10 Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />agrees in writing 10 Ihe payment of lh. obligalion secured by th.lien in a mano.r acceptabl.IO Lend.r; (b) cootests in good
<br />faith the lien by, or defends against enforcement of the lien in, legal proceedings wbich in the Lender's opinion operate to
<br />prevent the enrorcement of tbe lien or forfeiture of any pan of the PropenYi or (c) secures rrom tbe holder of the lien an
<br />agreement salisfaclory to Lender subordinatiog th.lien 10 this Security Instrumenl. If Lender d.l.nnioes Ihal any pan of
<br />the Property is subject to a lien which may attain priority OYer 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 actions set forth above within 10 days
<br />ofth. giving ofnolice.
<br />5. HuanllDstll'l.Dce. Borrower shall keep the improvements now existing or hereafter erected on the Propeny
<br />insured ogainslloss by fire, hazards included within Ih.lerm ....lended cov.rag." and any olh.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 shaH be chO"...c:n by Borrower subject to Lender's approval which shall nol be
<br />unreasonably withheld.
<br />All insurance policies and ren.wals shall be acceptabl. 10 Lender and shall include a standard mongag. clause.
<br />Lender shall hav.th. righllo hold lh. policies IDd ren.wals. If Lend.r requires, Borrower shall promptly give 10 Lender
<br />all receipts of paid premiums and renewal notices. In tbe event of loss. Borrower shaU give prompt notice to the insurance
<br />carrier and Lend.r. Lender may mak. proofofloss ifnol mad. promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair
<br />of th. Properly damaged, if the resloralion or repair is ecooomically feasibl. and Lender's security is nOllesseoed. If .he
<br />restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be
<br />.pplied 10 the sums secured by this SecurilY Instrument, wheth.r or nOlth.n du., Wilh any ..cess paid 10 Borrower. If
<br />Borrower abandons the Propeny, or does not answer within 30 days a notice from Lender that the insurance carrier has
<br />offered to settl. a claim, lh.o Lend.r may collecllh. insurance proceeds, Lend.r may use th. proceeds 10 repair or restore
<br />th. Propeny or to pay sums secured by this Securily Inslrumenl. wh.th.r or not lh.n du.. Th. 3lkIay period will begin
<br />when the notice is given.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due dale cfthe monthly payments referred to in parag:raphs I and 2 or change the amount of the payments. If
<br />under paragraph 19 the Property is acquired by Lender, Borrower's right to any insurance policies and proceeds resuUing
<br />from damage to tbe Property prior to tbe acquisition shall pass to Lender to the extent oftbe sums secured by this Security
<br />Instrument immediately prior to the acquisition.
<br />6.. Presenation and Maintenance of ProperJw; Leueboldl. Borrower shall not destroy, damage or substantially
<br />change the Property. allow the Propeny to deteriorate or commit waste. If this Security Instrument is on a leasehold.
<br />Borrower shall comply with the provisions orlhe lease, and if Borrower acquires ree title to the Propeny, the leasehold and
<br />fee title shall not merge unless Lender agrees to tbe merger in writing.
<br />7. Protection of l..eDder's Rlgh.. in the Propertyi Mortpgc Insurance. If Borrower fails to perfonn the
<br />covenants and agreemenu contained in this Security Instrument, or there is a legal proceeding that ma)' significantly affect
<br />Lender's rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws or
<br />regulalkms), then Lender may do and pay ror whatever is necessary 10 protect the value oftbe Property and Lender's rigbts
<br />i. th. Properly. Lender's aclions may includ. paying any sums secured by a Ii.n which has priority ov.r this Securily
<br />Instrument, appearing in count paying reasonable attorneys' fees and entering on the Propeny Co make repairs. Although
<br />Lender may take action under this paragraph 7. Lender does not have to do so.
<br />Any amounts disbursed by Lender under tbas paragraph 7 shall become additional debt of Borrower secured by this
<br />Security Instrument. Unless Borrower and Lender agree to other lenns ofpayment, these amounts shall bear interest from
<br />the date of disbursement at the NOle rate and shan be payable, with interest. upon notice from Lender to Borrower
<br />requesting poyment.
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