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<br />100450
<br />UNIFORM COVENANTS Borrower and Lender covenanr and agree as g7 � �
<br />1. Payment of Principal and Interest; Prepayment and late Charges. Borrower shall promptly pay when due the
<br />principal of and interest on the debr evidenced by the Note and any prepayment and late charges due under the Note.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or tort written waiver by Lender, Borrower shall pay to
<br />Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum ! "Funds'; equal to
<br />ore - twelfth of: i a) yearly taxes and assessments which may attain priority over this Security Instrument, ;b) yearly leasehold
<br />payments or ground rents on the Property, if any; ,c) yearly hazard insurance premiums, and (d) yearly mortgage insurance
<br />premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the basis of current data and
<br />reasonable estimates of future 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). Lender shall apply the Funds to pay the escrow items. Lender
<br />may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless Lender pays
<br />Borrower interest on the Funds and applicable law permits Lender to ;Hake such a charge. Burrower and lender may agree in
<br />writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law requires interest to be paid,
<br />Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender shall give to Borrower, without
<br />charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the
<br />Funds was made. The Funds are pledged as additional security for the sums secured by this Security Instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to t he
<br />due dates of the escrow items, shall exceed the amount required to pay the escrow items when due, the excess shall be, at
<br />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 Lender.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any
<br />Funds held by lender. If under paragraph 19 the Property is sold or acquired by Lender, Lender shall apply, no later than
<br />immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender at the t ime of application
<br />as a credit against the sums secured by this Security Instrument.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by lender under
<br />paragraphs I and 2 shall be applied: first, to late charges due under the Note, second, to prepayment charges due under the
<br />Note; third, to amounts payable under paragraph 2; fourth, to interest due; and last, To principal due.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold paymentsor ground rents, if any. Borrower
<br />shall pay these obligations in the manner provided in paragraph 3,or if not paid in that manner, Borrower shall pay them on
<br />time directly To the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts robe paid under
<br />this paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish to lender receipts evidencing
<br />the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower tai
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, i b? contests ir, good
<br />faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lenders upi nit) if operate to
<br />prevent the enforcement of the lien or forfeiture of any part of the Property; or tc) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument. if Lender determines that any parr of the
<br />Property is subject it) a lien which may attain priority over this Security Instrument, Lender may give Borrower a notice
<br />identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 101 days of the
<br />giving of notice.
<br />S. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on rile Property
<br />insured against Toss by fire, hazards included within the term' extended coverage" and any other hazards for which ]ender
<br />requires insurance. This insurance shall he maintained in the amounts and for the periods that Lender requires. The
<br />insurance carrier providing the insurance +nail he chosen by Burrower subject to Lender's approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be acceptable to ].ender and shall include a standard mortgage clause. Lender
<br />shall have the right it) hold the policies and renewals. If Lender requires. Burrower shall prom ptJy give to Lender ail receipts
<br />of paid premiums and renewal notices. In the event of loss, Burrower shall give prompt notice to the insurance carrier and
<br />Lender. lender may make proof of I,.,ss if not made promptly by Burrower.
<br />Unless Lender and Burrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair
<br />of the Property damaged, if the restoration or repair is ecrmum1CAly feasible and Lender's security is not lessened. If the
<br />restoration or repair is not ecunumicalJy feasible or Lenders security would be lessened, the insurance proceeds shall be
<br />applied to the sums secured by this Security Instrument, whether or not them diw. with any excess paid to Bost wcr. if
<br />Borrower abandons the Property, or does not answer within '10 days a nonce from Lender chat the insurance carrier has
<br />offered to settle a claim, r lie n Lender mac collect the insurance proccrds. Lendcr may use the proceeds to repair or restore The
<br />Property or to pay sums secured by this Securit% Instrument, whetheror not then due. The i0 -day period will begin when the
<br />notice is given.
<br />Unless Lender and Borrower otherwise agree in witting, any apphcalloo of pniceeds ti) pi lnclp:d Shall nor extend sir
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and ' or change the anwunt of the payments. If
<br />under paragraph 19 The Property is acquired by Lender, Bourtmers right to any insurance politics and proceeds resulting
<br />encr u) the extent :)! the sums see:red ht this �ecurin
<br />from damage to the Property prior ro the acquisition shall pass to Ld
<br />Instrument immediately prior to the acquis ton
<br />6. Preservation and Maintenance of Property; Leaseholds. Borrower shall nut destro%. damage or substantfalh
<br />change the Property, allow the Property to deteriorate or wmmu waste If this Security InS11111nCot is un a least'hidd,
<br />Borrower shall comply with the provisions of the lease, and if Burrower acquirc, fee ride to the Property, the leaschold .arid
<br />fee title shall not merge unless Lender agrees ro the merger in r!tang
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<br />7_ Protection of Lender's Rights in the Property; Mortgage Insurance. It burrower fail to perform :he ;men m(s
<br />and agreements contained in this Security Instrument. or :here i, a Icg.il prow --.ing that may signiGoaotl'v iffe r Lender,
<br />rights in the Property (such as a proceeding in bankruptcy. pruh,oc, for wodetnnanun.)r n. rntu re Liws cat tcguLitloot, '. then
<br />Lender may do and pay for whatever is necessary to protect the %alter :d the Properry ar,d J.enders rights n: tf:c Propci ii
<br />Lender s. aions may include payutgao. sumssecured bya lien uhuh has pnont; peer u,
<br />court, paying reasonable attotncls ttc !nt cnttring on the Pruprrtt to mike ill r+ llri - it I cndc, n t kt .art.nn
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<br />under this paragraph 7, Lendcr dos n< t li i%t tip do o
<br />Any atnnwtts ]ishursul bl i.endr. lo&f .hi, paragraph - ,hall bcuattc .iddlo tie, !„ ! N. r "";I'd ' i,% in.,
<br />'security lostnnncnt sinless Borrower and I cndcr agree to o1 lit !rr.n -t p,irr,u r.i. !hl .c �l ", .u1(F, n;)
<br />tilt Batt' 11t , it%burse tT t i, -,t the l it)te r,alC.aticl 01.1111N_' p.i t'.SI)Ir'. 11 ltr. ":'C'Tt,t. 11", 1,� .. ,f Ili ? '.1. ('.,,. 1,
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