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linirUaa Crav'Etr.aN`rs Borrower and Lender covenant and agree as follows:
<br />U- 102875
<br />I. fayoasf of Modpol and Interest; Prepaytment and late Charges. Borrower shall promptly pay when due the
<br />principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note -
<br />2. Fawk for Tana and Grnran". Subject to applicable law or to a written waiver by Lender, Borrower shall pay to
<br />Lender on the day monthly payments are due under the note, until the Note is paid in full, a sum ( "Funds ") equal to one -
<br />twelfth of- (a) yearly taxes and assessments which may attain priority over this Security instrument; (b) yearly leasehold
<br />payments or ground rents on the Property, if any, (c) yearly hazard insurance premiums: and td) yearly mortgage insurance
<br />premiums. if any. These items are called "escrow items," Lender may e� ;Iirrate the Funds due on the basis of current data
<br />and reasonable estimates of future escrow items.
<br />The Funds shall be held in an 'institution the deposits or accounts of Hhich 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. Lender
<br />may not charge for holding and applying the Funds, anafy:3ng the account or verifying the escrow items, unless lender pays
<br />Borrows interest on the Funds and applicable law permits Lender to make such ; charge. Borrower and Lender may agree in
<br />writing that interest shall he paid on the Funds. Unless an agreement is made or applicable law requires interest to be paid.
<br />Lender shall not be required ;o pay Borrower any interest or earnings out the Funds. Lendrr shall give to Borrower, without
<br />charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to
<br />the Funds was made. the Funds are pledged as additional security for the sums secured by this Security instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to the
<br />due dates of the escrow items, shall tweed the amount required to pay the escrow items when due, the excess shall be, at
<br />Borrower's eption, either promptly repaid to Borrower or credited on nion*.hty payments of Funds. if the amount of the
<br />Funds held by Lender is not sufficient o,pay the escrow items when due. Borrower shall pay to lender any amount
<br />necessary to make up the deficiency in one or more payments as required by Lender,
<br />Upon payTnent in full of all sums secured by this Security Instrument, Lender ,hail prornpily refund Borrowcr any
<br />Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender, Lender :half, appl%, no later than
<br />immediately prior to the sale of the Proprrty or its acquisition by Lender, any Funds held by Lender, at the time o€
<br />application as a credit against the sums secured by this Security Instrument.
<br />3. AppBeathon of Payments• urress applicable !aw provides otherwise, aL payment. rcceiyed H. Lender cinder
<br />Paragraphs I and 2 shill be applied: first, to late charges due under the Note: second, m prepayment Charges duc under the
<br />Note; third, to amounts payable under paragraph 2: fourth, to interest due: wid last, to principal :h:e.
<br />4. Curses; 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 rent.. if anv Borrower
<br />shall pay these obligations in the manner provided in paragraph 2, 61 if not paid in that manner. Borrower shall pay them on
<br />time directly to the persor, owed payment. Borrower shall promptly furnish to Lender ali notices of amounts to be paid under
<br />this paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish to Lender receipts evidencing the
<br />payments.
<br />Borrower shall promptly disiiharge any lien which has Priority over this Security Instrument unln; Borrowcr_ (.it) agrees .
<br />in writing to the payment of the obligation secured by the lien in a manner ai:ceplable to Lender; (b) oniests in good faith
<br />the lien by. or defends against enforcement of the lien in, legal proccmings which it,, the Lender's opinion operate to pre,eni
<br />the enforcement of the lien of forfeiture of anv Para of the Property. or lc) secures From the holder M the lien an agreement
<br />satisfactory to Lender subordinating the lien to ibis Security Instrument- if Lender determines that anv part of the Property is
<br />subject to a lien which may attain priority trvei thi, `ccurity Instrument. Lender m.ay give Borrower a nonce identifying tits
<br />lien. Borrower shalt satisfy the lien or take one or neari. ul the actions set torch aho,e within ICs days of the giving of notice.
<br />S. Hazard fasaranct. Borrower shall keen, Ore. improverrenis now cxistitrg or hereafter erectrd on the Properli insured
<br />against loss by fire, hazards included within the teem "extended coverage" and any other hazards for which Lender requires
<br />insurance. This insurance shall be maintained ir::he amour =.s and for the seriodN chat Lender requires. The insurance carrier
<br />providing the insurance shall be chosen by Borrower subject to l endcr's approval which ,hail not be unreasonabiv withheld.
<br />All insurance policies and renewais shall be acceptable to Lender and shall include a standard mortgage clause. Lender
<br />shall have the right to hold the policies and renewals. if Lender requires, Borrowcr shall promptly give to Lender all receipts
<br />of paid premiums and renewal notices. in the event of loss, Borrower shall give prompt notice to the insurance carrier and
<br />Lender. Lender may make proof of loss it not made Promptly by Borrower
<br />Unless Leader and borrower otherwise agree in ritiny, irsurancc pro ecds shall be applied 10 restoration or repair of
<br />the Property damaged, if the restoration or repair is economically feasible and Lender's security is not lessened. If the
<br />restoration or repair is n o
<br />,to; economically feasible or Lender's sectuity would be lessened, the insurance proceeds shall tie
<br />applied to the sum inured by this Security lnstrwricrl, whether or not [her, clue, with any excess paid to Borrower. if
<br />Borrower abandons the Property, or does not answer within, 30 days a notice from Lender that the insurance carrier has
<br />offered to settle a claim, then Lender nra. .- Oiled '}te insurance prcceeds. Lender may use the proceeds to repair or restore
<br />the Property or to pay sutras secured by this Security Instrument, vvi:ether or net t' en doe- The 30 -day period will begin whet-
<br />the notice is given.
<br />Unless Lender and Borrower otherwise agree in wnnng, are ,ppi;czjror, of prrceccis to Pru:cipal shall not extend r
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the an punt of the payment s
<br />under paragraph 19 the Property is acquired by I.endei, Borrower•, .Tight !t, any insurance po!iciea an? proceeds r'suiune
<br />from damage to the Property prior :o the acinussvnr: ;haft pass icy I cn,trr to the extent the sorb :.tarred be ihi:; tin ur ;:v
<br />Instrument immediately prior to :he ac.;tiisinon. -
<br />6. finesmadon and Maintenance of Property: Leaseholds. Borrower :tali nor de i . cainage ,its t:tan.ttlty r :at:Ke
<br />the Property, allow the Properly to driericrate or commit waste. 11 this Sevu,iiv ln%trun,eni is on a leasch +,ti. fic,rr wcr '!sail
<br />comply with the provisions of the lease, and it borrower acquites fee tide to ;he Property, the irasrhold and ter tilts ,hall not
<br />emerge unless Lender agrees to the merger in writing.
<br />T- protection of F.e+Wer's Rgtals In list Property; Mortgage Insuranre. It Borrn>,er tail, Iii pertorn s!tc ,ovrriai i snit
<br />apttments contained in this Security lnstrorrenr, u; there .+ it ;egsi I•ie:ceedsnp that mail sign fisentt. affect lender ;a,ht•, u:
<br />the Property (such as a prorecding in bUhkntptsy. prs>bare, for �endcmnat: ;,!J of rt enforce law: - trgurana,nsr. 'hen I.crder
<br />may do and pay for whatever c not•c stry t �, t r>,ro !hr , ai is or fl, 1 st._• erty Md I er Cat's :he l r ,pe: t, I. cr cief's
<br />actions may tmtude "eyira sin, su rs rue:, i1N A ;ier, h 23 hO3 ha ; pr,oiii, o,rl trs ecurg, Ir s r cat tl t rating -Ctrs t,
<br />paying rt�uinable attorney', fees At.J entering on .,,e t to pe..y tr rate ^; a, r•, ittiough 1 cndr nay foes i:h<>r n rhr.
<br />tvaragtaph 7 Lender arses not 4a,c lit• , nn a .?scat. ds h. ❑nJei tl „r,gr ' h,'! ;;c•
<br />adddtonal debt of Borrowcr ;rcured by rte.. trtrry r ;t:e .
<br />futymeni, these atrkounta'hail bras ntcrest :ne 'Lor ,t
<br />si7ti._m 9,40te froth Lenart :.a 00,,77<rwer tr;lur gr ; +"i —i:
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