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"" 1U1757
<br />UNIFORM COVENANTS Borrower and I n <Stt :!,lcnam .,ud agrtt " foihiws
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower sha3i promptly pay when due the
<br />principal of and interest on the debt evidenced by the Note arki any prepayment and late charges due under the Note
<br />2. Funds for Taxes and Insurance. Subject to applicable law or to r written waiter ny lender, Borrower shall pat n;
<br />[ender on the day monthly payments are due under the Note dumb] r} t Note is paid in full, : sum .'Funds• : equal to
<br />one- twelfthof: tai yearly taxes and assessrnents which may artain pnorrty user this Security Instrument, , hi nearly leasehold
<br />payrnentsorground rents on the Property, if any; t ti }Carly hazard insurance premiums; and rd i yearly mor tgage insurance
<br />premiums, if any. These items are called 'escrow irems. ' Lender may estmlare tfit Funds due on tfie basis of current data and
<br />reasonable estimates of future escrow items
<br />The Funds shall be held in an institution the delxosits or _iccounts of which are insured or guaranteed by a federal or
<br />state agency :, including i.ender if lender is such an tasnturioni. Lender shall apply the Funds to pity rile escrow items. Lender
<br />may not charge for holding anti applying the Funds, analyzing theacuuwnt or verifying the escrow items, Unless I.encler pays
<br />Borrower interest on the Funds and applicable law per Lender ru make such a charge. Burrower and lender may agree in
<br />writing that interest shall be paid on the Funds Unless in agrermcir: is made or applicable law requires interest to be paid,
<br />l.cnder shall net be required to pay Borrower any interest or earning, on the Funds. Iecndcr shall give as Borrower, without
<br />charge, an annual accounting of the Funds showing treelits and dthiis to the Funds .end the purl>.se for which each debit to the
<br />Funds was made The Funds are pledged is additional security for the wit;, secured by this Security Instrument
<br />If the amount of they Funds held by Lender, together with the future monthly payments of Funds payable prior to the
<br />due dates of the escrow trellis, shall exceed the amount required to pay the escrow items when due, the excess shall Ile, a!
<br />Borrower's option, either promptly repaid it) Borrtouer or crctiked no Borrower on monthly payments of Funds. If [he
<br />amount of the Funds held by Lender is not sutficienc to pay rite escrow items when due, Borrower shall pay (ti I.eilder any
<br />amount necessary ro make up the deficiency in one or inure paymaems as required by lender
<br />Upon payment in full a,f all sums secured by this Security lnstrumenr. Lender shall promptly refund to Burrower any
<br />Funds held by Lender. If under paragraph 10 the Property is sold or .it imied by l.cndtr, Lender shall apply. no later than
<br />immediately prior to the sale of the Property nr its acquisition by Lender, any Fun, }s held by Lender of the time of application
<br />as a credit against the sums secured by [his Security Instrumenr
<br />3. Application of Payments. Unlc-ss appliublc law pr.,vidcs otherwise, all payments received by Lender under
<br />paragraphs I and 1 shall he applied: lirst, no late charges due .under the- Note: second, to prepayment charges due under the
<br />Note; third. it) amounts payable under paragraph fuurrh, Ti; interest due; and last, n, principal due.
<br />i. Charges; Liens. Burrower shall pay all taxes, assessinents, charge,, rune•, .md impositions attributable to the
<br />property which may attain priurty over this Security Instrument. and lc.isehold p.liytnent, organand rtni,. if any. Burrower
<br />shall pay rhesc obligations in the manner provided in paragraph _o. or it nor paid in that manner, Burrower shill pay them tin
<br />time directly to the person owed payment Burrower shall promptiy furnish to Lender all tit-cite, tit amounts to he• paid under
<br />this paragraph [f Burrower makes thrsc p >.uyments direly. Burrower s}lalf prurnp:ip furnish iii Lender rctciprs tyidennng
<br />the payments.
<br />Burrower shall promptly discharge any lien which has prior ty user chi, >eturity Instrument unless Borrower: !a;
<br />agrees in writing no the payment of the obligati -m secured bt tilt Len in .r manner .ittepiabic to I ender, ; bl� (nnrest, it) good
<br />faith the lien by, or defends against enforcement of the lien :n, legal procc•e,hnl;s which in the Lender s opinion Operate to
<br />prevent the enforcement of the lien or i„rfeittrc• of acs par! „i dic Proper: }. of rc; seaires trnn ncu h udder .,f ill(- !:et. an
<br />agreerricnt satistacuui to I.endet subordri, ring; the hen o' Olrs Sc.urity ln>rrumrnr. it ,.cn cf A7'.1 :tie, this! any p. ri of nc�
<br />Property' is subject to a lien w1 :h ma} attain priority :rcer this Srcutny instrument, Lender ii.o. ;;tie li,aruwcr a n,sn,t
<br />identifying the lit n Burrower shall satisfy the iien or take one or moat of rile atuum set kith above within O days .,t [he
<br />gi%ing tit notice
<br />5. Hazard Insurance. BorroAcr shall keep the unpro%vnlcnts now ex:,!mg it here.ittcr ercticd on the Pruptrry
<br />insured :against loss by fire, hazards included within the term exten :it-d tovciagt end ant oriltr haz.ird, for which Lender
<br />regquires insurance. This insurance shall he maintained in :he amounts and f,n the ptn.oi, that Lender requires The
<br />insurance carrier providing nce msiir.ui,c ,hall bit :hosen by Brrri;wc•r suhicti to lt!Ocr, ,iliprnval which shall nor be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be ac:eprable to Lender and ,h.iJ unt;udc e sr,iodanl mnrrgagrelausr Lender
<br />shall have the right tit hold rile Fxthcies and renewals If I.cndrr requires, Ii rnowcr,ha ii promfirly give to Lender all rcccvpcs
<br />of paid premiums :md renewal notices in the event of fuss, Borrower ,hall give• prompt nonce to tile insurance carrier ate?
<br />Lender. Lender may make proof of lo„ if not made prompt }y by Born,%vr
<br />Unless Lender and Burrower otherwise agree in writing, utsura.l,r proceeds ,hall br .rpP!ttd to restoratto❑ or repair
<br />tit the Property damaged, it the restoration or repairs c•conomr,ail} fc.isibic and I.c•tide•r's sccuriry in not icssened. If the
<br />restoration or repair is ntrt ecitlom1ca11V feasible ur Lender s securrte w ,tifti he ir,sened, rite rosaranc proceeds ehali lit
<br />applied to the sums secured by this Sccurn% Instnimlem, whether or noz then duc, with any excess paid to Burrower. it
<br />fiorruwer ahandons the Property, or aloe, not answer wit}vn iU day, a notice trom Lender that the insurance carrier has
<br />offtred 10 settle a claim, then l.ertdrr may 10110 t tilt' insurance proceed. Ltndcr niay list, the proceeds to repair or restore the
<br />Property or to pay sums ecured by i his Security Instrument, whei"eror not then due. Thu ;U -day period w ill begin when the
<br />notice is given
<br />Unless Lender and Borruwci otherw;se agree in writing, any application tit prucee k to pr:nCgN.il hall nut t-mvi i or
<br />ixompone tilt dat dare of lilt. monthly payments referred to in paragraphs I and ' of change The :illount tit tile p.:yinrot, If
<br />under paragraph 19 the Property is acquired by Lender. Burrower s right ni any insurance politic, .uri pr.xet is rc•,u ring
<br />trorn damage to the Property picot to the acquisition shall pass to Ltndcr to :he exit-tit of t },t sums secured 1,y lilt. ; :rcar.ty
<br />Instrument immediately prior to the acquisition
<br />G. Preservation and Maintenance of Property; Leaseholds. Borimer ,hail not dc,rroy, }auagc or .ub,tant: ally
<br />Ownge the Property, allow the Prolnrty to .ierenurare• or conlmrt was!t. If thu Seeunty 1n,tr1nr.c1[ :, .ui a !ea,rhoid.
<br />li•rrtower shall rornply wah the pnovistons of the pease, and if Burrower actjtiue, fee title u, the Pr.ptry. tilt lc:ucho;d and
<br />fee title shall not Inerge unless Lender agrees to the merger in %ruing.
<br />7• Protection of Lenders Rights in the Property; Mortgage Insurance. it Borrowcr !,ds it, prrur;n ihc,ovcnantn
<br />Arid agreements tuntsrncd in this Security Instruniern, or ncc;v .s ,i iegal p,r,urc°ding that nlaq agniin.utrh . +!fee! i :rnirr,
<br />rights in the Property t such as a pn.cerdin.g in bankrupio. probate, tnr amdenutauonor a,enfuru
<br />Ltndcr may do 31111 pay for whatever is ntccssary no prutc•cr tilt value tit :he Pnopc rig and I L n,!cr , r. {I ,s ;.. the
<br />lender s actions may include•. paving an) sum, st-tured by a iien whit h h.s prtnnn us rr rpm, Seturm in,, r, nu nt. .Tpear 11:1 ..
<br />L putt, paying teasonahle artornes tees ind cute+u g din r }m Prt.perrt nlAt rrp,a;t, kkh;. 'u¢h i c ufcr r.,kt atin,n
<br />unafcr this paragraph "1.Cndri ,ti,e., ::,,t h.oe ro So ,
<br />Any arril di,butscd tt I en,icr i1ndvi tin p r iti• ,p 't .half fx mt .tit : tilted t t : lit . c , r. f !'t.i.
<br />Sexurtty Instrument. Unless Bor:: %sut an,} I enlitr .ts,rtt. ,...a t i -rims l •.t p"% nr n., 'l
<br />. _ : , . .:m.,n ,.c.e. t ,.,, t ,..r .ri
<br />the dttottisl* t! rse' no, or ar. ht•\O tir,1+ t, o, i. ittti} xpars • tu ?ev,oio.rtt :,c :,•I ::,,t
<br />l?Aittfetic -
<br />that
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