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86-. 102921
<br />UNIFORM COVENANTS Borrower and Lender covenant and agree as follows:
<br />I. Payment Of Pdactiml and Jakirea: Prepayment mad 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. F*06 for Taw 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) yearis, leasehold
<br />Payments of ground rents on the Property, if any-, (c) yearly hazard insurancc Premiums; and (d) yearly mortgage insurance
<br />Premiums, if any. These items are called "escrow items.,' Lender may eMimate 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 which are insured or guaranteed by a federal or
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Fund,, to pay the escrow items. Lender
<br />may not charge for holding and applying the Funds, analyzing the account or verifying 'he escrow items, unless Lender pays
<br />Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender may agree in
<br />writing that interest shall be paid or. the Funds. Unless an agreement is made or applicable law requires interest to be paid,
<br />Lender shall not be required tc, pay Borrower any interest or earnings on the Funds. Lender 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 Sect
<br />If the amount of the Funds held by Lender, together with the Instrument.
<br />lie future monthly Payments of Funds payable prior to the
<br />due dates of the escrow items, shall exceed the amount required to pay the escrow items when due, the excess shall be, at
<br />Borrower's option, either Promptly repaid to Borrower or credited on monthly payments of Funds. If the amount of the
<br />Funds held by Lender is not sufficient to pay the escrow items when due. Borrower shall pay to Lender any amount
<br />to make up the deficiency .
<br />necessary in one or more payments as required by Lender.
<br />Upon payment in full Of all sums secured by this Securit'i Instrument. Lender shall Promptly refund to Borrower any
<br />Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender, Lender shall apply, no later than
<br />immediately prior to the sale of the Property or its acquisition by I '
<br />_ender, any Funds held by Lender at the time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />3. Application of payments. Unless applicable )am provides otherwise, all Payments received by Lender under
<br />paragraphs I and 2 shall be applied- first, to late charges due under the Note; second, to prepayment charge's due under the
<br />Note; third, to amounts payable under paragraph 2: fourth, to interest due; and last, to principal due.
<br />Cluirifes: 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 rents, if any. HOfTowtr
<br />shall Pay these obligations in the manner Provided in paragraph 2, or if not paid in that manner. Borrower shall pay them on
<br />time directly to the person owed payment. Borrower shall promptly furnish to Lender all 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 discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees
<br />inwrilting to the payment Of the obitgation se•-red by the lien in a manner acceptable to Lender; (b) contests in good faith
<br />the lien by, or defends against enforcement of the lien in. legal Proceedings which in the Lender's opinion operate to prevent
<br />the enforcement Of the lien Of forfeiture of any part of the Property; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating the lien to this Security Instrument. It Lender determines that any part of the Property is
<br />subject to a lien which may attain priority over this Security Instrumem. Lender may give Borrower 'a notice identifying the
<br />lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 clays of the giving of notice.
<br />S. Huard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property insured
<br />against loss by fire, hazards included within the term, -extended coverage" and any other hazards for which Lender requires
<br />insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The insurance carrier
<br />providing the insurance shall be chosen by Borrower subject to Lender 's approval which shall not be unreasonably withheld.
<br />All insurance Policies and renewals 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, Borrower shall promptly give to Lender all receipts
<br />of paid premiums and renewal notice-.;. In the event of loss, Borrow er hall give Prompt notice to file insurance carrier and
<br />Lender, Lender may make proof of loss if not made promptly by Borrower. rsower.
<br />Unless Lender and Borrower otherwise agree it, writing, insurance Proceeds shall be applied to restoration or repair of
<br />the Property damaged, if the restoration of repair is economically feasible and Lender's security is not lessened. If the
<br />restoration or repair is rot economically feasible or Lender's security would he lessened, the insurance proceeds shall be
<br />Applied to the sum secured by this Security Instiument, whether Or not then due, with any excess paid to Borrower. 11
<br />Borrower abandons the Property, or does not answer within 30 days a notice from Lender that the insurance carricr has
<br />offered to settle a claim, then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore
<br />the Property Or to Pay sums secured by this Security Instrument, whether or not then due. 1-he 10-clay period will begin when
<br />the notice is given.
<br />Unless Lender and Borrower otherwise agree in writing, any application of P-ceed, to principal shall not extend oT
<br />Postpone the due date of the monthly payments referred to in Paragraphs I and Z Z or change the amount of the Payments it
<br />under paragraph 19 the Property is acquired by Lender, Borrower's right '0 anv insurance pohc�es and
<br />from damage to the Propeti), prior to the acclut - Proceeds resulting
<br />Instrument immediately prior to the acquisition sl"on shall Pass 10 L-del - the extent ��f the sums secured by this Securils,
<br />6. Preservation mod MaWlleftancr of Property; Leaseholds• Bort(,"ci %hall ri"! destr. damage or substantially change
<br />the Property, allow the Property to deteriorate or commit waste if this Security . . Instrument 11 On a leasehold, Borrower shall
<br />comply with the provisions of the lease. and if Bortower acquires fee title to the PTOMIV• the icasehold and 1" "tic shall not
<br />merge unless Lender agrees to the merger in writing
<br />T. Protection Of f-c*111111*9 fthts In the Property; Mortgage Insurance. If Borrower fail, io Perform The co,t�nalv, and • agreements contained in this ' tuily Instrument, o, -
<br />Sec . there is a legal proceeding that may sig 1 c,,dcr', rights ii
<br />-ceeding in bankruptcy. Probate, for condetrinalion or to cril'orce
<br />the Property fsuch m a Pro cificantf, afte,-1
<br />laws or rcguiatjon,), tr Icrj I eider
<br />May do and Pay for whatct�ei is 1`cctyMlv to Protect the value of the Proper!y anct Let der , fighTs 11) rho f t cn t I encle;
<br />Wklftl, May seclude -Paying ainy iums scku;ed ht a lien which has Pric
<br />paying rtaiionable attorney,, lrlls� over this
<br />Peratifliph , Lerlder dcle Vet, and enicrrqg or, ,he Property to make Although I ei,kier take 'llil
<br />� ""t ha" !" .1-1 ' -%!I) amount, dibtir,cd fn Lender t,aij
<br />payment, debt Of %rcur`l 'Is �flis seV-11% NOrurrient t 11ro,r� 37;d i '-dr? aqt,4, lo 1!6cl lcrm,
<br />open "-ment, thesir amc�ulttj o411 tear from, thr .,late !,f hv Nn:v ;alc t,c J%J%jj',;e.
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