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101086
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shah promptly pas uben due
<br />the principal of and Interest on the debt 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 to a written waiver by Lender, Borrowershall pay
<br />to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum ("Funds ") equal to
<br />one - twelfth of: (a) yearly taxes and assessments which 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) %early
<br />mortgage insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the
<br />basis ofeurrent data and 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
<br />Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge - Borrower and
<br />Lender may agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br />requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds- Lender
<br />shall give to Borrower, without charge, an annual accounting ofthe Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made - The Funds are pl!dged as additional security for the sums secured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to
<br />the due dates of the escrow items, shall exceed the amount required tt 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 Fuld- 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 mar payments as required by Lender.
<br />Upon payment in full of all sums secured by this Security irsarumet t, Larder shall promptly refund to Borrower
<br />any Funds held by Lender. If under paragraph 14 the Property is sold or acquired by Lender. Leger shall apply. no later
<br />than immediately pnor to the sale of the Property or its acquimlton 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. Applicuion of Paymeuta. Unless applicable lag provides otherwise, all payments receiveu by I ends under
<br />paragraphs I and 2 shall be applied: fib. to hue charges due iamder the tiote: second, to prepayment charger due under the
<br />Note; third, to amounts payable under paragraph 2. fourth, to interest dine: and last, to principal dote.
<br />4. Charges; Liens. Borrower shall pay an taxes, assessments, charges, fines and Impositions attnb -ut*k to the
<br />Property which nay attain pnonty over this Secant) lawsurncrrt. and iruehold payments or ground rents if any
<br />Borrower shall pay these obligations in the manner provided m paragraph 2, or if not paid in that manner. Bovntaer slam(
<br />pay them on time directly to the pexr w pynmt Borrc=3cr shall promptly furnish to Lander all notices ofamoluan
<br />to be paid under this paragraph. If Borrower makes these payments directly. Borrower shall promptly furnish to Lender
<br />tempts evidencing the payments.
<br />Borrower shall promptly discharge any hen which has pnorm,, over this Security Instrument unless Borroau- ta)
<br />agrees in writing to the payment of the otdrgation secured b' the ben m a manner acceptable to Lender- (b) conrsrs is good
<br />Earth the hen by. car dderds against caforcement of the her art- legal proceedings which in the Lender's opmran operate to
<br />prevent the enforcement of t tie lien or forfeiture of Am parr Of the s ropert); or (c) secures from the holder of the � as
<br />agreement sansfacinn to Lender subordinating the has €e this Security instrn cleat If Lender detemanes than any pan of
<br />the Property is sub)ect to a hen which may attain pnwity suer this Security la urumient, Leader may, gpc Borrower a
<br />notice identifying the lien Borrower -hail saltsfy the ltea .-s take Mae ,'!r w- we c?f the actions set forth above srthan IQ dass
<br />of the gising of nonce
<br />S- fialZrAl iztstirance- Borrower shall krep the tspr .eirrc u- mss+ cxisz;rg or thereafter erected on the Property
<br />Insured against loss by fire, hazards included w.thir ttrx te- _exterdded covrTZ@C-. and any other hazards for which Leader
<br />requires insurance This msurancc shalt be roam A"ed im the amts and for the penods that Lender r+oplarer The
<br />insurance earner providing the insurance o cell be c zb, Barro-er ski to Lenndees approval which strati not € e
<br />unrensci;ubis w;thheid
<br />All insurance policies and renewals shall be a t, Lescter and shall trx g� oiaum,
<br />ier'tab !tile a staitda d its a
<br />Lcntier stu17 have the right to :laid the pt.�licso caul rc jiia. if L. .�. ;sy : =so., —:v�ri snail prorrilxly gyve tc. Leader
<br />a rccepls r paid premium and renewal rk-Alces ins the r%cm suss Borrcna shall Pve prompt not to the .air+•*=
<br />carrier and Lender Lender may make proci of lass jr" made pro -i nptiy b` Biorrt* cr
<br />Unless Lender and Borrower oherwise agree to wntra& insurance proceeds shalt be appittd to re- tcuatw3e, or repaur
<br />of the Property damaged. if the restoration or repair is ecctno "Iy ftasibie and Lender's securely IS not lessened if the
<br />reacoration or repair is not economscaily feasible or Lender's security wonted be lessened, the tnsaranix prooeeds shall be
<br />aptiited to the sums secured by this Security Inmramerst, whether or tilt_ tai due wri all
<br />v rice=r pta3 to Bern: c if
<br />Borrower abandons the Property, or does rit, e_aer W-hm _0 days a notice `rte Lender that the tasurrance carrier has
<br />Ofered to settle z claim, then Lender may polka the insurance Prix-=& Lender may use the proceeds to repair or remote
<br />the Properly or to pay sums secured by this Secunty instrument. whether or " #twit due The ?D-day period will begins
<br />when the notice is give
<br />Unless Lender and Borrower otherwise agree in wntmg, any apphcarlon of proceed- =.o principal shall nix a -tend c r
<br />pe,stpone the due date of the monthly payments referred to in paragraphs I and Z or change f be amount atthe n) mcncs if
<br />under paragraph 19 the Property is acquired by Lender, Borrower °s nght li, any Insurance pohcics and proceeds remdrtag
<br />from damage to t he Property pnor to the acquisition shall pass to Lender to - he extent of the sums secured by this Security
<br />Instrument immediately prior to the acqutsition.
<br />6. Prese^atme and tilsiwteatuce d proPenr. LzesehoWL Borrower shall not destroy. dsrnsgr or substawma— y
<br />change the Property- allow the Property to deteriorate or commit waste If this Security instnnment is on a kasrhnit
<br />sti r,ihall comply with the provisions of tine tease. and tf Bcxrc w.t acqutres for title to the Property, the icasehtQ1 moral
<br />fee '° me€_ -- Leader agiecs ,- ,, toe t eigri mwnung-
<br />7. Protection of Lender's Rights in the Property; %Iortpge Iiaarseee_ If Borrower fads to perform the
<br />covernamis and agreements convened in this Secunty Instrument. or there is a legal proceeding that may sigmftcanthy affect
<br />Leader's nghts on the Property (such as a proceeding in bankruptcy-, probate. for coidemnatiort cw to enforce laws or
<br />regulations). then tender may do and pay for whatever is necessary to protect the value of the Property and Lender's right,
<br />m the Property Lender's actions ma% include furring ens sums sectored by a hen which has pnont% aver this Sourrty
<br />Insiruenent, appearing in court, paying reasonable attorneys' fors and emer -mg cm the Profrrtty to make repair Alth =till
<br />Lender may take action under this paragraph ?. Lender toes mat have to do so
<br />Ant amounts disbursed hY Lender under this paragraph ? shall become additional debt of Borrewer secured b% the.
<br />Security instrument Unless Borrower and Lender agree it, of her terms of pa, merit these amounts %hall beat intcre't tr. r.
<br />the date of disbursement at the Note rate and shalt be pasat,le, with interest. upon notice from Lender it, Borr,wer
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