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U :NIFORM COVENA VITs. Wbrreiwerand Lendef co,enanl and agree a, frltow +: Ss— 102675
<br />U Payment of Principal and Interest; Prepaymrnt and fate Charges. Borrrwcr shall prompt 1% pay %% lien due
<br />the principal of and interest on the debt evidenced by the .Noll and any prepayment and late char ,',clue under the \cte
<br />2, Funds for Taxes and insurance Subject to upptieable law° or lei a written waiver by Lender. Borm%yer sha11 pay
<br />to Lender on the day monthly payments are due under the No•e% ttrriif the Vole is paid in lull, a Burn ("Fund" 'I equal to
<br />one - twelfth of: (a) yearly taxes and assessments which may attain priority e%er tilt, Sicurul Insrruoic eC IN yearly
<br />leasehold payments or ground rents on the Property. if any: (c) yearly hazard insurance premiums: and (d) yearh
<br />mortgage insurance premiums, ifany. These items are ca[kyI °escrow items." lender may estimate the Funds due on the
<br />basis ofcurrent data and reasonable estimates of future is row items
<br />The Funds shall be held in an institution the deposits or accounts of whit h are insured or guaranteed by it federal or
<br />state agency (including Lender if Fender is such an institution) I -ender shall apply the Funds to pay the escrow items
<br />Lender 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 be paid on the Funds I''nlc%s an agreerent t% made or applicable law
<br />requires interest to be paid. Lender shall not be required to pay Barrowvr any mterc,t o earning•, nn the Funds Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds,hoi%ing credit, and dcbns Ui the Fund, and the
<br />Purpose for which each debit to the Funds was made The Funds are pledge-4 as a{diuon:d security for the sums sccurect by
<br />this Security tnstrumeni.
<br />If the amount of the Funds held by Lender. together with the future monthly payments of Funds payahle prior to
<br />the due dates of the escrow items, shall exceed the amount required to pay the escrow items when clue, the excess shall be.
<br />at Borrower's option, either promptly repaid to Borrower or credited to Borrower on nxatthly payments of Fund,. If the
<br />amount of the Funds held by Lender is not sufficient to pay the escrow items alien due, Borrower shall pay to [_ender 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 tht% Security Instrument, Lender shall promptly refund to ffornmer
<br />any Funds held by Lender. if under paragraph 19 the Property is sold or acquired by Lender. Lender shall apply, no later
<br />than immediately prior to the sate of the-Property or its acquisition by Lender, ally Funds held by Lender at the time of
<br />application as a credit against the sums scoured by this Security Itistrumeni.
<br />3. Application of Payments. Unless applicable law provides otherwi%v, all payments rece,%ed by Lender ludic
<br />paragraphs I and 2 shall be applied. first, to [are charges due under the Note, second, io prepayment charges due under rile
<br />'.Vote; third. to amounts payable under paragraph 2: fourth- to 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 reins. if any
<br />Borrower shall pay these obligations in tile manner provided set paragraph 2, or if not paid In that manner. Burrower shall
<br />pay them on time directly to the person owed payment. Borrower shall prornpth furnish to 1 ender all notice, of eunounis
<br />to be paid under this paragraph. If Borrower makes these payments directly. Borrower shall promptly furnish to Lender
<br />receipts c%idencing the payments.
<br />Borrower shall promptly discharge any lien which has prtont% over this Security Instrument unless Borrower ta)
<br />agrees in writing to the payment of the obligation secured by the lien set a mauncr acceptable to Lender (bi contests in g%Nxi
<br />faith the lien by, or defends against enforcement of the licit tn. legal proceedings which tin the Lender', opinion operate to
<br />prevent the enforcement of the hen or forfeit ure of ant,' part of the Property; or (c) secures from the holder of the Item an
<br />agreement satisfactory to Lender subord,n.Ming the hen to tilts Secunly Instrument. If Lender determines that airy part of
<br />the Property is subject to a lien which may attain priority over this 3ecumv Instrument, Lender rmsy give Borrower a
<br />nonce identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set firth ahoyc within IG da%'s
<br />of the giving of notice
<br />5. Hazard Insurance. Borrower shall keep tie inipro%emcni+ now cxnsung or hcreaftcr erected nn the Property
<br />insures{ against loss by fire, hazards included within the term "extended ca%erage" and am other hazards for which Lender
<br />requires insurance. This insurance shill[ be maintamed in the amounts and for t period, Ilan Lender requires The
<br />insurance carrier providing the insurance shall be chosen by Borrower %uh(ect to Lender's appro%al which shall nix IV
<br />unreasonably withheld.
<br />All insurance policies and renewals shall he acceptablc io Lender <ued ,hall include a standard mortgage clalisc
<br />Lender shall have the right to hold the pohcues and renewals. It Lender requires, Borrower shalt prompth gr%c It, I ender
<br />all reccipts of paid prermums and renewal notices. In the event of loss. Borro %cr ,hall gr %c prnmpt nonc:r ro the insurance
<br />carrier and Lender. Lender may make proof'of h>ss if not made prompty by Borrower
<br />Unless Lender and Borrower otherwise agree m writing, ensurantX proceeds shall be applied to restoration or repair
<br />of the Property damaged, if the restoration or repair its economtcally feasible and Lender', 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 the sums secured by this Security instrument, whether or not then due. %tilt any excess paid to Borrower. If
<br />Borrower abandons the Property, or does not answer within 30 day, a notice from Lender that the insurance earner i;a,
<br />offered to settle a claim. then Lender may collect the Insurance proceeds Lender irut% use the proceeds to rep or or restore
<br />the Property or to pay sums secured by this Security Instrument. whether or not then title The 30 -day period will begin
<br />when the notice is given.
<br />Unless Lender and Borrower ,Oicrwise agree rn writing. any application of pr.icc•cd% I principal shall not extend lr
<br />postpone the due date of the nvinthty pa:fnem, referred to set paragraph, I and _' on changC the amr,urit of the pa%[lien[, L•
<br />under paragraph 114 the Property is acquired by Lender. Borrower's nOn to any insurance policies :Intl proceeds resulting
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sum, sec tired h% the, sic, urlt %
<br />Instrument immediately prior to the acquisition
<br />6. Preservation and Maintenance of Property; Leaseholds. Boer err shat! n. I dC,rr,R, den :a LC `! ,U its t.itl t Lri ll
<br />change the Property, allow the Property to detenoraic or comrrnt waste It this s;cct:nt% instrument I, on a !cx,ellold.
<br />Borrower shall comply with the pro%lslons od file leave. and it Borrower acquires toe title• to the Property. the Ica,ehold anal
<br />fee title shall not merge unless Lender agrees to the inerger to writing
<br />?. Protection of Lender's Rights in the Property: Mortgage Insurance, It Borrower Girls r(, peoom, the
<br />coven;tiols and agreemcniis contained in this Securm In%nurnent, .,r there Is a legal ;• -n•; rref,ng that may ,n,tulir.inth ATC,:t
<br />Lender's rights in the Property (such as a proceeding to bankruptcy. probaic. (,r cl,ndemnatr,,n ,u I'' entrrcr I:ot, ,
<br />regulaitons). that Lender may do and pay l-or whatever is tieccssar% n, pn,icct the %ahte , f I hr Pr orern .rat,! I ender', rie!,t,
<br />in the Property Lender', actions may Include paying any sutras secured h% a hen will, h Ila, priollt% —'r stn, ?ccunf%
<br />instrument,
<br />appearing in coup. pays g reasonable ttts•rne%,' fees and emeriti¢ .ai rite Pr, p, ri. t, m,tt.c icpcur, -it h, tit'.h
<br />L Lender may take acnon under the paragraph ,, Lender o s n„t have to d % s
<br />any :Ieu,nnts drshurve{ by I ender under this paragraph ",hall her onle add It.' nap itch; of li r % r ,e, 0:C'! •% thI,
<br />Set.. urns' Irl%I,unrenr L n!e,•, l;cort"%C7 and l ender agrvc i" "It ,rm, r t%rIIv f. (. 111- III', slur . f,.i ii.l,,., 'r !I
<br />the 0-tic „e chsh,arsennni o the \,,ie rats erred strali n. ;,,;%t Ic. with r w,c,r r nol,-. c �dz • Isis,, Bel
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