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87.. 104466
<br />UNIR)KM COVENANIN. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and late Charges. borrower shall prt,ntptly pay when dun the
<br />principal of Anti interest on "debt evidenced by file Nate and any prepayment anti late. charges due under the Note.
<br />2, Putt for Taxes and insurance, subject to applicable law or to a written waiver by Lender, Borrower shall pay to
<br />Letter on the clay monthly payments are clue under the Note, until the Note is paid in full, a sum ('.Funds ") equal to
<br />,tworlfth of: (a) yearly taxes and As sment% which may attain priorityover this Security Instrument, (b) yearly lea boic!
<br />paymentsor group d rents on the property, if any; (c) yearly hazard insurance premiums; and (d) yearly mortgage insurance
<br />tuts, 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 Wxy (including Lender if Lender is such an institution). Lender shall apply the Funds to gray theawrow items. Lender
<br />may not charge far holding and applying the Funds, analyzing the account or verifying the escrow items, unless Underpays
<br />rowcr interest on the Funds and applicable law permits Lender to make such a charge. H.orrower and Lender may agree to
<br />writing that interest shall be paid on the Funds. Uniess an agreement is made or applicable law requires interest to he paid,
<br />Lender shall not be required to pay Borrower any interest for earnings on the Funds. lender shall give to Borrower, without
<br />charge, an annual accounting of the Funds showing credits anti 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 theameountof the Funds held by lender, together with the future monthly pyvrnencs of Funds payable prior to the
<br />die dates of the escrow items, shall exceed file amount required to pay the escrow items when due, the excess shall be, at
<br />Borrower's option, either promptly repaid it) 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 />Upim payment in full (if all sums secured by this Security Instrument, Lender shall promptly refund too 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 of its acquisition by Lender, any Funds held by Lender at the tune of application
<br />AS a credit against the sums secured by this Security Instrument.
<br />;. Application of Payments. Unless applicable law provides otherwise, All payments received by Lender under
<br />paragraphs I and 2 shall be applied- first. ro late charges due under the Note, second, to prepayment charges due under the
<br />Note: third, to armwnts payable under paragraph 2; fourth, u) 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 payments or ground rents, if any. Borrower
<br />shall pay these obligations art the manner provided in paragraph 2, or if not paid in that manner, Burrower shall pay them on
<br />time directly ro the person owed payment. Borrower shall promptly furnish to lender all notices of amounts to he paid under
<br />this paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish too Lender receipts evidencing
<br />the payments.
<br />Borrower shall promptly discharge any lien which his priority over this Security Instrument unless Burrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable n, Lender, i b) contests in good
<br />faith the lien by, or defends against enforcement of the lien in, legal prcocerdings which in the Lender 's opinica oper, -c 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 Lcn&a subordinating the lien to this Sectrky instrument. If L.enderdetermines that any part of the
<br />Property is subject to a hen which may attain priority over this Security Instrument, Lender may give Burrower a notice
<br />identifying the lien. Borrower shill satisfy the lien of take one or more of the actions set lorth alcove within 10 days of the
<br />giving of notice.
<br />5. Hazard Insurance. Borrower shall keep the unprovertoents now existing or hereafter erected on flit Property
<br />insured against lass by fire, hazards included within the terra "extended c,veragc' :end any other hazards for which Lender
<br />requires insurance. This insurance shall be inaintained in the amounts and for the periods that Lender requires. The
<br />insurance carrier providing tine insuran to shall hat chosen by Borrower subject in L.rnder's approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be. acceptable to Lender anti shall include a standard mortgage clause, Lender
<br />shall have the right to hold the policies and renewals. If Lender requires, Borrower shall promptly give to Leader all receipts
<br />cd paid premiums and renewal notices. In the event of bugs, Borrowrr shall give prompt notice to thr insurance carrier and
<br />Lender, Lender may make proof cif loss if not made promptly by Bo-rower
<br />Unless Lender and Borrower otherwise agree in writing, insurance prtxeieds shall he applied to restoration or repair
<br />of the Property damaged, if the restoration or repair is econornit-ally feasible and Lender's security is not lessened. If the
<br />restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be
<br />applied to life sums secured by this Security instrument, whether or riot then due, with any excess paid it) Burrower. If
<br />Bsrmwer Abandons the Property, or does not answer within '+t) days a notice from Lender that the insurance carrier has
<br />t4firred tot settle a claim, then I erxfer may collect the insurance proceeds. Lender may use the prorcceds to repair or restore the
<br />propocrtyclir to pay sums secured by thisSecurity Instrument, whecheror not then clue The i0-day gx rio d will begin when the
<br />mace is given.
<br />Urdirss Lender anti Borrower otherwise agree in writing, any application of prcxceds to principal shall not extend or
<br />pulitpoxle the due date of the monthly payments relerred to in paragraphs 1 and -'Of change the amourtn of the payrotcnns If
<br />under paragraph 11) the Property is acquired by Lender. Borrower's right to any insurance p>rohcies and proicceds resulting
<br />from dimur to fie Property prior to the acquisition shall pass to Lendtrr to the extent of the sums secured by this `o-& liriry
<br />Instrument uinmvd itefl prior to the acquisition
<br />6. Pritismason and Maintenance of Property; Lcaschulds. Kil.rower shall nor desrroY, damage of sulnianoalls
<br />cha the Properly, allow the Property to dcterarfate or totnmit waste if alas 'wturiry Instrument is on i leasehold,
<br />buirfower shall comply with tie provisions of the least, arts if Borrowcr acquires tee title to the Property, rho Leasehold and
<br />fist Title shall rax merge unless Lender agrees to the merger in writing.
<br />7, Prostecittimof ie 's Rights in the Property; Mortgage Insurance, If Borrower fads ro perlusm the touc•nanis
<br />and ins tt"Amed in ibis Security Instrument, or there is a legal protruding that naay significantly .Affvtr I.endcr s
<br />r * in the Pr rty ig lu to a $ott�tta#ing in foankruptcy, pfohact, fur tundtmn,rti<on or tocnlortc laws of regtilatiuras!. ilot n
<br />I May too irid, pay fear whatever i4 necessary 0 protect rlie value of tlrc Property if id I.cnder s IIghis ito olio I't I ngxtis
<br />Ier 's a: twos may tnorkwe paying arty Bunn% vectrcd fly a lien which has priority over this Sectni v hie. tttnnrnt. ,alope.ir!itg in
<br />rs, poyong reastinoble atrarnevs' fees and entering, on the Pr opt rq to make- repairs Although lvii4vi rnav (,Jo- .r- n
<br />ph" paragraph 't. Lender do". coif have to dto us
<br />Any amimn,rit a a_ r I miler undvt tint% paragraph ' shall heroine additi,mA ,tcbt of horo~r set wi d by tlua
<br />boityyyy Insfiru nt I-°a a's Bort�ower and Lender aggrer to otharr terms of gtaytxor, rlrrse omoums shall Is sir !o!cir- t fiortt
<br />theilator, ofA r nr attheNotefairantdshalltw payable, will) intotrst, ultonrnotohotnLertdrrnnhoii ,�,Nrita,twve tmg
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