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UNIFORM COVENANTS Burrower anti Lc•n,ier a)ecnam and :,greC as follows: 86_ 101866
<br />1. Payment of Principal and Interest; Prepayment and IateCharges. Borrower shat! prompt l} pay when due the
<br />principal of and interest on the debt evidenced by the Norc and any prepayment and late charges duc under the Note.
<br />2. Funds for Taxes and Insurance. Subirtt to applitable Iew Of 10,L written waiver by Lender. Borrower shall pay to
<br />Lender on the day monthly payments are due under the Note, until the Nute is paid in full, :t sum ("Funds") equal to
<br />one - twelfth of: (a) yearly taxes and assessments which may attain priority over this Security Instrument, (b) year l}• leasehold
<br />payments or ground rents on the Property, if any: 'cl genii} hazard insr :rence premium.; and (d) yearly mortgage insurance
<br />premiums, 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 accoant, of which are insured or guaranteed by it federal or
<br />state agency (including Lender if Lender is such an institution r Lender shall apply the Funds to pay the escrow items. lender
<br />may not charge for holding and applying the Funds, analyzing the account or verifying; the escrow items, unless Lender pays
<br />Borrower interest on the Funds and applicable law permits Lender to nuke such it charge. Borrower and Lender may agree in
<br />writing that interest shall be paid on the Funds. Unless an agrecment is made ur applicable law requires interest to be paid,
<br />Lender shall riot be required ur pay Borrower any interest or earning;, nn the Funds. Lender shall give to Borrower, without
<br />charge, anannualaccountingof the Funds showingcreditsanddebri ,u, tile Funs ?sand the purpose for whickeadidebittothe
<br />Funds was made. The Funds are pledged as additional security for the ,urns secured by this Security Instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly payments of Funds parable prior to rile
<br />due dates of the escrow irerns, %hail exceed the amount required w PAY the escrow items when due, the excess shall be, at
<br />Borrower's option, either prornprly 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 escrow items when due, Borrower shall pay to Lender any
<br />amount necessary to make up the deficiency in one or inure payments as required by Lender.
<br />Upon payment in full of all sums secured by this Security Instrument, I_endCr shalt prOrnpth• refund to Borrower any
<br />Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender, Lender shall app!}', no later than
<br />V mmediately prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of application
<br />as a credit against the sums secured by this Security Listn:ntent
<br />3. Application of Payments. Unless applicable law provides otherwise. ill payments received by Lender under
<br />paragraphs I and 2 shall be applied: first, to late charges duc under the tinrc; second, m prepayment charges due under rile
<br />Note; third, to amounts payable under paragraph _s, fourth, to Interest thee; and last, to principal due.
<br />4. Charges; Liens. Burrower shall pay all taxes. assessments, charges, fines and impositions loribucabie to the
<br />Property which may attain priority over this Sccurii% Insrnamrnt,.md lcasc hold paymcitts nr ground rents, if an}. Burrower
<br />shall pay these obligations in the manner provided In paragraph 1. or If riot prod in thar manner, Borrower shall pay them on
<br />timedirectly u) the person owed payment. Borrower shall promptly furnish to Lcndcr rill 11011C CS of amounts to he paid under
<br />this paragraph. If Burrower makes these payrrienis dirt•ctly, Borrower shall promptly furnish u) Lender receipts evidencing
<br />the payments.
<br />Borrower shall promptly discharge .in), lien which has priority over this Security Instrument Unless Borrower: ;,t,
<br />agrees in writing to the payment of the obligaoon secured by rile lien in a manner acceptahlc to Lender; (b) contests in good
<br />faith the lien by, or defends against enforcement of the lien Icg:d proceedings which in the Lenders opinion operate to
<br />prevent the enforcement of the lien or tot teiture of any part of the Property: or (o secures from the holder of the lien art
<br />oe
<br />agreement satisfactory to bender subordrnat.,lg the lien o) this SCU,rity Instrumenc If Lender determine, that any pan of the
<br />Property is subject to a lien which may attain priority over tilts Secirrio Instrument. Lender may give- Borrower a notice•
<br />identifying the lien. Borruwer shall satisfy the Ion or take one or store tit the• a trues sit forth above within I O days cif the
<br />giving of notice.
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<br />5. Hazard Insurance. Borrower ,hall keep the nnprt acinc"nls now existing or hereafter crested till the property
<br />insured against loss by fire. hazards Included within tile term e•stencic ! toacr.lgr" and :tit} other hazards fur which Lender
<br />requires insurance. This insurance shall he mainr,invil in the arnuurus end for the periods (hat Lender requires The
<br />insurance carrier providing the Insurance shall be chosen by Borrower subject to Lt- nder's ,Ipprm.il which shat; not he
<br />unreasonably withheld
<br />All insurance policies and renewals shell be acceprable it)1 r nder.ind shall tnclyde a srtndarci mortgage• clause Lender
<br />shall have the right to hold the policies and renewals. If Lcndcr requires, Borrower,nall promptly gyve to Lender all receipts
<br />of paid premiums and renewal notices. In the event of hiss, Borrmt,ur sha II ,give prompt nonce to the Insurance clrrie•r and
<br />Lender. Lender play make proof of loss if not made promptly by Borruwer
<br />Unless Lender and Borrower otherwise agree tit writing, Insutence proceeds shell be applied to restoration or repair
<br />of the Property damaged, if the restoration or repair is economically feasible and Lender , security is not le„CIIC•il. It the
<br />restoration or repair is riot economically feasible or Lender's security would he lessened, the tnsurarim proceeds shall lice
<br />applied to the sums secured by this Security Instrument, whethc-r tar not (hen due, with any excess paid to Borrower. If
<br />Borrower abandons the Property, or does not answer within ;(l days a noucc from Lender that the Insurance carrier has
<br />offered m settle• a claim, then Lender nTay Collett the insurance pn,ceed, Lcndcr may use the proceeds to repair or restore the
<br />Property or to pay sums secured by this Security Instrument, whethcror n,)( then title floc it) -day period ."Ill begirt when the
<br />notice is given.
<br />Unless Lender and Borrower otherwise agree In wnnrry;, am .,pplieanon tit 1,n),veds n, printlpal shall not Cxtend „r
<br />postpone the due date of the nwnthl) payments referred n, in paragraphs I and 2 it ,hinge chc amount of the payments 11
<br />under paragraph 19 the Property is .aquircd by Lender, Borrower', right to ,any insuraoty politic, .Ind proceeds resulting;
<br />from damage to the Property [if lot to the acquisition shall pass to 1 ender (1) file extt•nl of the sums st•u:rUd by this Sec 11 it {'
<br />Instrument immediately prior to the aaluisittun.
<br />6. Preservation and Maintenance of Prolxrty; Leaseholds. Burr, .et. ,hafi not de•simy, d.nnagc• .,r xub %I,Intlally
<br />change the Property, allow tire Pruperry u) deteriorate )r uurinut waste I; this ticual:y" Inso:unenr a on a Iceschold.
<br />Borrower shall comply with the provissons of the !case, and It Borrower acquires tee r;rle it, tilt. Proh•rny -tilt lcasciu)!d and
<br />fee title shall riot mergr unless Lender agrees ro the nier,ger In writing
<br />7. Protection of lender's Rights in the Property; Mortgage Insurance. It Roruower lads Io perform tin- covenants
<br />and Agreements conrcrned in this Security lnstrttner-t. nr there Is .I legal pnlccahng that ;tie} Srgmflcaml} Itle•(I Lcndcr',
<br />rights in tilt Ynlperty (such as a prucrrding In b;uikrupo y', prtlbare, Ian uutdctnat.In.n1 .,r (n cnh)ru• laws or n;UUianom :, t hen
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<br />Lender may do and pay for wharever Is necessary to protmi: flit %.dUc,)1 the Property .old i "'Mier , ngiv, m the Properft
<br />lender' sapion, ���yincludepayoiganysurttsseulu •dhyahen.1101ha,prnarty nrrlh „tirtunnln,nument.,Ippcerul,t n1
<br />L rottrI. paying reasonable attorneys ft-es and rote rut on tier Prole try ,o make Icp,tn s 1irh�)ugh Lcndcr nia% r.tke It nun
<br />under this paragraph 7, Lender does not have m do ,o
<br />: Any amounts disbursed by 1-ender under till, pa agral h ,hall Lr 1 fc ;.1•i u,in tl it hr art Bm c o. t ,ern :e,i ht :11 ,
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<br />Se, mly Inso-muent finless Itt,rn).cr .unl Sendcr )}roc a,:,rh r it •.n, r p,,tnuLit rlu-,)..; _ nr „I c.0 t, 1„t i•.,m
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<br />ihe,fatC of d;%bUtSCIT1C•nl at f lue Note rateand hAlt•tlil'.I l,it'. .t 1111 ::r. "rr .��11e..1111 :r It fl !I ( ,Ic! B !,q :cat lttl,
<br />patox tit
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