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UNIFORM COVENANTS. Rernrwer and Lender c ,,c—mr and alzi -tv a, f•:iii,m, $/— 100453
<br />1. Payment of Principal and Interest; Prepayment and bate f_harges, harrower shall promptly pay w fern due the
<br />principal of and interest on the debt evidenced by the N,.te and am prepayment and fare charges due under the Note,
<br />2. Funds for Taxes and Insurance. Subject cu applicable law or ro A. raten waiver by Lender, Burrower shall pay to
<br />Lender on the day monthly payments are :due under the Note. unrte rile Note is paid in tail, a sum I Funds' , equal :o
<br />one- rwelfth of: (a ), yearly taxes and assessments which may attain priority over this Security lnstrununt t b � yearly leasehold
<br />payments or ground rents on the Property, it any; (ct yearly hazard insurance premiums; and ,:dl yearly mortgage insurance
<br />premiums, if any. These items are called escrow items." lender may estimate the Funds due on the basis of curre m data and
<br />reasonable estimates of future escrow items.
<br />The Funds shall he 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 I. 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 make such a charge. Borrower 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, m the Funds. Lender shall give to Burrower, without
<br />charge, an annual accounting of the Funds showing credits and debits to the Funds and tilt- 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 rile amount of the Funds held by lender, together with rile future monthly payments of k-unds payable prior to the
<br />due dares 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 Burrower on monthly payments ill Funds. It the
<br />amount of the Funds held by Lcnder is nor sufficient to pay the escrow items when due, Burrower shall pay to Lender any
<br />amount necessary to make up the deficiency in one or more payments as required by ]ender.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any
<br />Funds held by ]ender. If under paragraph 11) the Protvrty is sold or acquired by ]ender, Lender shall apply, nu later than
<br />immediately prior to the sale of the Property or its acquisition by [ender, any Funds held by Lender at the time 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 rile
<br />Note; third, to amounts payable under paragraph 2; fourth, to interest clue, and last, tit principal due.
<br />i. Charges; Liens. Borrower shall pay all taxes, assessments, charges, tines and impositions attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any. Borrower
<br />shall pay these obligations in the manner provided in paragraph ? or if not paid in that manner, Burrower 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 Burrower 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 ir. a manner acceptable I,) Lender. (b) contests in good
<br />faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lenders opinion operate ru
<br />prevent the enforcement of the lien ur forfeiture of any part of the Property; or (c) secures from the holder of the lien an y ;`
<br />agreement satisfactory to Lender subordinating the lien to this Security instrument_ If Lender determines that any part of the
<br />Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Burrower a notice
<br />identifying rile lien. Borrower shall satisfy the lien or take one or more of the actions set 'forth above within 10 days of the
<br />giving of notice.
<br />5. Hazard Insurance. Borrower shall keep the improvements now existing cur hereaftcr erected on the Property
<br />insured against 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. -fhc
<br />insurance carrier providing the insurance shall be chosen by Borrower subject to Lender s approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall he acceptable to Lender and shall include a standard mortgage clause ]_ender
<br />shall have the right to hold the policies and renewals. if Lender requires, Borrow er shall promptly give to Lender all receipts
<br />of paid premiums and renewal notices. In the event tit loss, Borrower shall go e prompt notice at the insurance carrier and
<br />Lender. Lender may make proof of loss it not made promptly by. Borrower
<br />Unless Lender and Borrower, i(herwisu agree in writing,. insurancc proceeds shall be .ipphed to restoracitm or repair
<br />of the Property damaged, if the re•srnrMon or repair is ecunonucally feasible and Lender's security a not lessened. If rile
<br />restoration or repair is nor rcanarxn;tally feasible (it Lender's security uviuid be lessened, the insurance pit ttcds shall be
<br />applied to the sums secured by this security Instrument, wherher o not then due. yynh any excess paid to Borrcnyrr. If
<br />Burrower abandons the Property, or dues not .inswrr within ;0 clays .i rtonte tram Lcnder thnt the insurutce [:trier has
<br />offered to settle a d aim. then Lender Inay adlett f he insurance pruicud, Lender may uxc the proceeds co repair ur rest are• the
<br />Property or to pay sums'eoircd by This Security Instrument. whctherur nw• then due -I'lie ,(I da,, period will be•,gm hen the
<br />nurite is given.
<br />Unless Le•nde•r and Born-wer utherwisc agrert in writing, any applicernnn of prueee_Is to prinnJ'ai'11.111 nor extend ur
<br />postpone tier due date of the monthly payments referred to to paragraphs I .utd 2 or thant;c the �mourif of the p.n'menrs It
<br />under paragraph 11) tire• Pcuprrry is atqui vd by Lender. Burrowers right to :nt} nuur.intc polities .11)1! prnxecds re•suitfni
<br />fro;n damage to the Pmpeny pour to the acquisition shall pass to Lender n, Ihr cxrcnr of rite vunis'cturcd Lt fhi, Seel.:nN,
<br />Instrumurn itnmclistely prt,:r to tilt aultasir: !I
<br />G. Preservation and Maintenance of Property; Leaseholds. Borrower shall not de'Truy. 1m.igc .,r sr, bsT: nn,:iiy
<br />change rile Property, allow the i'roptrty ui deteriorate nr currvnit ""It- It this tircurrry II11t11MI(III :' Lnf .f Iraschrld.
<br />Borr- rlwwer shall Comply with ncv provisions of the le,ur,.:nd it Burrower at,eJwres tic ntlr fu [he Property. the Ca'c'hnl,l and
<br />tee rifle• shall nor rncige unles' Lender agrccs w the merger in wroinu
<br />. Protection of Lender's Rights in the Property Mortgage Insurance. It I urr—t r r.iil, t peen rn the,. vets:; rs
<br />and agreemcnis contained ;n this seuarrr} Instrunrrnr, ur nccrr;s a Icga1 Jr MtJinu 01,1! n;.n 'igtr,ht.:nTi; ,�ftetT Lcnder
<br />right, in tilt- Propc•rtk, , smha,. iprotct-ding III hankruprcy.pruhatr .fort „n.iunnat;oil„rt"rnt,�:tt i.;w.,�; rcKul.;rn�ns� rhrr:
<br />l.endt:r neay ill '111d pay tilt wh.itt%er is necessary nt pr,aect ihr vah:cof rip Pr,gt,rc.:r.,:
<br />Lyn; lctsauununLtyrntlu, irh.+ �; nganysuntsscturr ,ibva !tell whuhl;.uln,u rriti..., �;`.ir tr!uru!..tJcan�i };n
<br />tour,. paying rtawnable mim rlvys rcc, and cn;e•ring tin the PI, pern f'' in.:4:c I t I',I-
<br />L l:odcl ;fns pu graph l tf.de:r J, .,,r f tyc i'' su
<br />A o V I it Ii togas d I br rsr,1 ! t I , .ice I Ill I r rh ' par,,g., h ; t x ; ; ,c �i. If
<br />,sc° r.nt} In'rroment 1:11 ue1 , Barrow, r o1 : r -e n.Jtt .;u;rrr' . -; ;: n..- ,•.e r ,r', .r ; _, ; -�r.0 ..
<br />lafcut,i: six: r. en+ cotef;hcN,..rcr.ura;;t�.t -�;in , i,;h!::. !t I, 1,.,;,n •�,at;,,• It :...L, Ir,,,,,,, ,
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