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UNIFORM COVENANTS. Borrower and Lendercovensnt and agree as follows: .6 V eJ l,/ ( 00
<br />" Ptt t of Print epaty
<br />Principal! and Interest; Pr
<br />nt and Late Char Borrower shall promptly pay when due
<br />the principal of and interest an the debt evidence) by the Note and any
<br />prepayment and late charges due under the Note.
<br />2' day Texas and Iatiura Subject to applicable law or to a written waiver by Lender, Borrower
<br />to on the day monthly
<br />shall pay
<br />payments are due under the Note, until the Note is paid in full, a sum ( "Funds ") equal to
<br />1 t h of: (a) yearly taxes and assess merits which may attain priority over this Security Instrument; (b
<br />Payments or ground rents
<br />T the Property, if any; (c) earl hazard insurance remiums; and (d) yearly
<br />moot insurance premiums if any. These items are called "escrow items.'
<br />Lender may estimate the Funds due on the
<br />basis of'current 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 y (including Lender if Lender is such an institution). Lender
<br />shall apply the Funds to pay the escrow items.
<br />May run charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless
<br />Lender Preys Borrower interest on the Funds
<br />and applicable )aw permits Lender to make such a charge. Borrower and
<br />Lender may agree in writing that interest shalt be paid on the Funds.
<br />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
<br />annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged 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 dire dates of the escrow items, shall exceed the amount
<br />required to 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 Funds. If the
<br />amount of the Funds held by Lender is not sufficient to pay the items
<br />escrow 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
<br />payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower
<br />any Funds held by Lender. If under paragraph 19 the Property
<br />is sold or acquired by Lender, Lender shall apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time
<br />application as a credit against the sums
<br />of
<br />secured by this Security Instrument.
<br />3. Applieativa of Payments Unless applicable law provides otherwise,
<br />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
<br />Note, third, to amounts
<br />under the
<br />payable under paragraph 2; fourth, to interest due; and last, to principal due.
<br />4• Liens. Borrower shall pay all taxes,
<br />assessm ents, charges, fines and im
<br />Property which may attain priority over this Security Instrument, and leasehold payment on ground attributable to the
<br />Borrower shall
<br />pay these obligations m the manner provided in
<br />paragraph 2, or if not paid in that manner, Borrower shall
<br />pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of
<br />to be paid under this paragraph. If Borrower
<br />amounts
<br />makes these payments directly, Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has pnonty over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the obhgadon secured by the hen in a manner acceptable to Lender: (b)
<br />faith the lien by, or defends
<br />come t, in good
<br />against enforcement of the lien in, legal Proceedings which in the Lender's opinion operate to
<br />gap g
<br />Prevent the enforcement of the hen or forfeiture of any pan of the Property; or (c)
<br />agreement
<br />r
<br />secures from the holder of the lien an
<br />satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of
<br />the Property is subject
<br />tshall
<br />µ
<br />notice identifying the lien Borrower y give Borrower
<br />satisfy olio tienryor eke one oSccuretof Instrument, nt, set forth
<br />of the giving of notice.
<br />above 10 wars
<br />S. Hazard lasuraace. Borrower shall keep the improvements
<br />insured
<br />now existing or hereafter erected on the Property
<br />against loss by fire, hazards included within the term "extended coverage" and any other hazards for
<br />requires insurance. This insurance
<br />which Lender
<br />shall be maintained m the amounts and for the that bender requires. The
<br />insurance carrier providing the insurance shall he chosen by Harrower
<br />z.
<br />unreasonably withheld. subject to Lender
<br />approval which shall not be
<br />All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br />Lender shall have the right to hold the policies and renewals. If Lender requires, Borrower
<br />all receipts
<br />shall promptly give to Lender
<br />of paid premiums and renewal notices_ In the event of loss, Borrower shall give prompt notice to the insurance
<br />carrier and Lender. Lender may make loss
<br />proof of if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise
<br />agree in writing, insurance proceeds shall be applied to restoration or repair
<br />re the Property if the restoration or repair is economically. feasible and Lender's security is
<br />restoration or repair is not economically lessened.
<br />not If the
<br />feasible or Lender's security would be lessened, the insurance proceeds shall be
<br />applied to the sums secured by this Security Instrument whether
<br />, or two then due, with any excess paid to Borrower. If
<br />Borrower abandons the Property• or does not answer wi thin 30 days a notice from Lender that the insurance
<br />offered to settle a claim. then Lender
<br />carrier has
<br />may collect the insurance Proceeds. under may use the proceeds to repair or restore
<br />the Property or to pay sums secured by this Security Instrument, whether or not then due. The
<br />when the notice is
<br />given. 30-day period will begin
<br />Unless Lender and Borrower otherwise
<br />agree in w•nting, any application of proceeds to principal shall not extend or
<br />P014POM the dote date of the monthly payments referred to in paragraphs I and 2 or change the amount
<br />paragraph 19 the Property is
<br />of the payments. If
<br />f acquired by Lender, Borrower's right to any insurance policies and proceeds resulting
<br />to the Property prior to the acquisition shall
<br />pass to Lender to the extent of the sums secured by this Security
<br />Instrument immediately prior to flee xquisiti<m.
<br />d
<br />Prmerv�p and Maintenance of
<br />change the Property, allow the Property to deteriorate or commit waste.oIf this Security Instruments its
<br />sat leasehold.
<br />Borrower %hail Comply with the
<br />on
<br />provisions of the lease and if Borrower acquires fee title to the Property, the leasehold and
<br />for title shall rut merge unl Leader agrees to the merger in writing.
<br />?'
<br />of Leader's Riots is the
<br />c 11,16 and ago is contained in this Securnyy )nP�st umenit. i the
<br />'s
<br />I oor thcreliis as legal proceeding that martsignificantly affe t
<br />rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws
<br />t )° t may do and for
<br />pay ar
<br />whatever is necessary to protect the value of the Property and Lender's rights
<br />in the Pe y. Lender's action% ma • include
<br />Instrument, y taxing any sums secured by a hen which has priority
<br />ring in ccrurf•
<br />over this Security
<br />L paying reasonable attorneys• fees and entering on the Property to make repair,,. .Although
<br />May take actuvn under this paragraph 7. Lender does not have
<br />to do so.
<br />Any alwmnis drsbu by Lender under this paragraph 7 shall become aetchnonal debt of Borrower secured by this
<br />Security iitsrrument. (, "nl Harrower and Linder apt" to other terms of payment, thew am
<br />the date of dr rvemrrot
<br /><,unts hall Dear interest from
<br />at olio Note rate anal shall br payer +le, with interest, upon ri „cede from 1 ender t<, itorr<oNCr
<br />requesting paenegrot
<br />
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