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37° 110612 - - UNIFORM COvFN.ANTS Borrower and Lender covenant and agree as follows: - 1. Payment of Principal and Interest: Prepayment and Late Charges. Borrower shall promptly pay when due - z pt-mcipal of and interest on the debt evidenced by -the Note and are prepa:7r ent and late charges due uatder the \o€c 2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender. Borrower shall pay - �* to Lender on the day monthly payments are due under the Note, until the ?vote is paid in full, a sum (' "Funds ") equal to f one- twelf€tf of (a) yearly taxes and assessments which may' attain nriontc' over this Securi *,v Instrument: (t?l nearly . - �. leasehold payments or ground rents on the Proper }, if arc; (cl yearly hazard insurance premiums: and (d) yearly mortgage insurance premiums, if any. These items are called "escrow, items." Lender may estimate the Funds due on the basis of current data and reasonable estimates of future escrow items, The Funds shall be held in an institution the deposits or accounts ofwhich are insured or guaranteed be a federal or state agency- (including Lender if Lender is such an institution). Lender shall apply the Funds to pas the escrow items, Lender may not charge for holding and apphing the Funds. analyzing the account or verifying the escrow items unless, : - Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender may agree in writing that interest shall be paid on the Furors- unless an agreement is made or applicable law requires interest to be paid Lender shall not be required to pay Borrower any interest or earnings an the Funds.. Lender shall give to Borrower, without charge. an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was made. The Funds are riedged as additional secunty for the sums secured by this Ssy{unty instrument if the amount of the Funds held by Lender, together with the future mouth,v payments of Funds payable p note' the due elate-, of the escrow hems_ shall exceed the amount reowred to pay the escz'ow teems when due. the excess shaLs be. - at Bor rowels ,option, either promptly repaid to Borrower or cre°.dn cc to, B� rrc wcr on trig nthly payrmerts of Funds. If t e amount of the Funds held by Lender is not sufficient to pay the escrow itczrIS what dug Borrower shall pas- to L_ enter arc amount ntce_ssarc to makeup tine deficiency in one or more,paymenas as required be Lender- Upon payment in full of all sums secured by this Secant} Ittstr'anustt. Lender shall promptly refund to Borrower : any Funds held by Lender. if under paragraph 19 the Property is said or acquired I-v Leader. Lender shall apply. no later than imtriedateiy prior €a the sale of the Propene} or its acquisition ba Lam. sm' Far&& by, Lender at the time tai - application as a credit: against the sums secured bc this Seotitsty" I -n t 3. Appiitatim of Payments. Unless applicable Iaw provides othawrst. all paws recei