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UNIFORM C0% tAA" IS Borrowerand Lender cc ,%enant and agree asfo11oix- 86 _ 100i 6f
<br />I. Payment of Principal and Interest: Prepayment and Late Charges. Bnrrouer shall promptly pay when due
<br />the principal of and interest c,it the debt evidenced hp the Note and ally prepayment and late charges due under the Note.
<br />2. Fun and Insurance. far Taxes a insurance. Subject to applicable law or to a w'ntic . :.r by Lender: Borrower Shall pay
<br />to lender on the day monthly payments are due under the ?dote• until the Note is p, i its full, a sum ( "Funds ") equal to
<br />one- twelfth of: (a) yearly taxes and assessments which may attain priority over this Security instrument: (1b) yearly
<br />leasehold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums and td1 yearly
<br />mortgage insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds duc 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 account; 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 />Lander 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 he paid on the Funds. Unless. in agreement is made or applicable law
<br />requires interest to he paid. Lender shall not be required to pav Borrower any nterest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an 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 :ire 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 pri or to
<br />the due dates of the escrow items, shall exceed the amount required to pay the escrow items when due. the excess shall be,
<br />at Borrower's option, either promptly repaid to Borrower or credited ut 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 />Upon 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 I) the Property is sold or acquired by Lender, Lender shall apply. no later
<br />than immediately prier to the sale of the Property or its acquisition by Lender, am Funds held by Lender at the time of
<br />applicati.m as a credit against the Sums secured by this Security Instrument.
<br />3. Application of Payments. Unless apphc3ble law provides otherwise. -011 payments received by Lender under
<br />paragraphs I and 2 shall be applied: first, to amounts payable under paragraph 2; second, to intere.�
<br />due; and last, to principal due.
<br />4. Charges; Liens. Borrowei snail pay all taxes, assessment,. narge .tine, and impositions attributable to the
<br />Property which may attain priority over this Secant% Instrument. and leasehold payments or ground rents. if any.
<br />Borrower shalt pay these obiigahons Yn the manner provided lit paragraph '_. ar tt` not paid in that manner. Borrower Shall
<br />pay them on time directly to the person owed payment. Borrower shall pr:rmptiN furnish to Lender all notices of amounts
<br />to he paid under this paragraph. If Borrower makes these payments directly. Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower %hall prompt) discharge any lien which has prior it- :w er this Seeunn Instrument ude unless Borrower. od
<br />agrees it. writing to the pay me-it of ,he obligation secured by tile. lien in a manner acceptahic tr, Lender (b) contests in gtxtd
<br />faith the hen bi,. or defends against enforcement of the lien in. Iegai proceedings which lit the Lender's opinion operate to
<br />prevent the enforcement of the Gen or forfeiture of any part of the Propene. cr ic) secures from the holder of the lien an
<br />agreement %atisfacton su mg, to Lender hordinat the lien to tlus Security inatrumeni If Lender ender determines that any part of
<br />the Properly is subject to a hen wh.ch may attain priority over this Securirc lr';It nt Lender Wray give Borrower a
<br />notice +derinfymg the lien Borrower shall satisfy the lien or take one or more of n< actions set forth above within 10 daps
<br />of the giving of notice.
<br />5. Hazard Insurance. Borrower shall keep the improvements ,c w rxsune ,,r !t tc +fter crested on the Property
<br />insured against loss by fire, hazards Included within the term "extended o\ crapc and any other hazards for which Lender
<br />requires Insuranc This insurancc shall he maintained in the amount. 11 c+ he periods that Lender requires. The
<br />insurance earner providing the insurance shall he chosen by Bnrr;.we. ,:.htr.t io Lender', approval which shall not he
<br />unru +sonably withheld.
<br />All insurance policies and renewals shall he acceptable to Lendc; .-no shall include a standard mortgage clause.
<br />Lender shall have the right to hold the policies and renewals if Lender requires Hoi rower shall promptly give to Lender
<br />all receipts of paid premiums and rcuewal notices. In the event of loss. Hnrrow'er shali Loe prompt notice to the insurance
<br />carrier and Lender. Lender may make proof of loss if not made promptly h} Borrower
<br />Unless Lender and Burrower otherwise agree m writing, insurance proceeds shall hr applied u, re-storation or repair
<br />of the Property damaged. if the restoration or repair is economically feasible and l.cnder's security is not lessened. if the
<br />restoration nr repair Is not economically feasible or Lender's security would be lessened. the insurance prtKeeds hall he
<br />applied to the stints secured by this Secunty instrument, whether nr not then due. will, any excess paid to Borrower. If
<br />Borrower abandons the Property, or dues not answer within 30 dav's a notice from i.ender that the insurance earner has
<br />offered to, a claim, then Lender may collect the insurance proceeds. I -ender nun use the proceeds to repair or restot'e
<br />rile Property nr to pap sums secured bti this Security Instrument. whether or not then duc. The 10 -day period will begirt
<br />when the notice 1% given.
<br />Unless I ender and Borrower titherwiw agree in writing, any appitcarion o+'procereils to principal shall not extend ur
<br />postpone the due date of the monthly paymcnis referred u, m pxr. iphs i and _car :hangs the amount of rile , ayrnents ff
<br />under paragraph ly the Property is acquired by Lender. lorrower's right tc, :+nv insurance policies and proceeds resulting
<br />front damage to the Property prior u, the acquYSitlon shall pass to Lender to the rxtcni of the sums secured by this seeurnv
<br />Instrument tnnimhalely, prior to the• acquisition
<br />6. Preservation and Maintenance of Property: leaseholds. Boiro%%vi shaii m,a destro%. clainagc c,i vihstan,ciliv
<br />ehauge, the I'ropenv. allow tilt• Property I :, deteriorate o: commit waste If ib s se�unc lilt' tthotwaseh�i dtand
<br />Borrower shall comply with the pnwistons of the (case, and if HorrrwLr acquires C c utlr r
<br />fee hilt shall not merYr unless E enc?a+r agrees u, the rnerget in writing
<br />? Protection of Lender's Rights in the Propertyt Nlortgage insurance I Hotrosver fails Yc, i,erAnnt •tic
<br />rova•nant, and ogre, :mcnis cs,ntanu•li ru ihi Security lnsiruntent. or there ... a irt, t r :«c dnt>; that Ina, '14111 icanth, ,itlrri
<br />1 enders rights in the I'rnlxrly 0,11ch as ,t prni'ectluig in bankruptcy. pr„hate n .n t„ cnti,rce taws ,tr
<br />rep,uiaho ais i, ;hert I.e•nde1 ma, d.. and pav t"r'A hate'er s no�ess:ar% I„ it ,re,t Ott' ,.ituc ��i ha I ";)el l% and l ender
<br />.n 4hr Propert. 1 ender ac nn s Inav ttic lu -. pa viY L am milli, sc, -. its a hen fitch h-, I,n Inv <wu ihr tie r1i,
<br />la.tt'utnetit. al ixarin" lln nut , ur11:91eas- ,nahle n, t,rnr% fir. _1110 "Wt-1 tnc , P- ,ix,ti af.c ter.n.s +,lth- ugh
<br />I a�ai ?et may nhc s r,+n nit l< t t i it +, r t 7 loci ' .ha•� t ihr t I f
<br />lint a7 , :h u n? I t I t t� t I Ft n 1 9 na i t H <! u t, •m
<br />i tt jn Ir int t l t. ll a.•
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