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A6- 103150
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />I. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when duet he
<br />principal of and interest on the debr evidenced 4 the .Note and any prepayment and late charges due under the Note.
<br />2. Funds for Taxes and insurance. 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
<br />tine- twelfth of: (a) yearly taxes and assessments which may attain priority over this Security Instrument; ;b) yearly leasehold
<br />paymentsor ground rents on the Property, if am; (c) yearly hazard insurance premiums; and (d) yearly mortgage insurance
<br />premiums, if any. These items arecalled "escrow items." Lender may estimate the Funds dueon 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 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 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 intereston 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 on the Funds. Unless an agreement is made or applicable law requires interest to be paid,
<br />Lender shall not be required to pay Borrower any interest or earnings on the Funds- Lender shall give to Borrower, without
<br />charge, an annual accountingof the Funds showing credits and debits «r the funds and the purpose for which each debit to the
<br />Funds was made. The Funds are pledged as additional security for the sums ser-ured 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 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 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 more payments as required by Lender.
<br />Upon payment in full of all sums secured by this Security 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 Lender, any Funds held by Lender at the time of application
<br />as a credit against the sums secured by this Security Instrument.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs 1 and 2 shall be applied: first, to late charges due under the Note; second, ur prepayment charges due under the
<br />Note; 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 rents, if any. Borrower
<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
<br />the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good
<br />faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lenders opinion operate a)
<br />prevent the enforcement of the lien or forfeiture of any part of the Property; or ic) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating rite lien to this Security instrument. if Lenderdetermines that any part of the
<br />Property is subject to a lien which may attain priority over this Security Instrument, lender may give Borrower a notice
<br />identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days of the
<br />giving of notice.
<br />5. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the term 'extended coverage and any other hazards for which Lender
<br />requires insurance. This insurance shall be maintained to the amounts and for the periods that Lender requires. The
<br />insurance carrier providing the insurance shall be chosen by Borrower subject to Lenders approval which shalt not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be acceptable no 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 notices. In the event of loss. Borrower shall give prompt notice to fire insurance farrier and
<br />Lender_ lender may make proof of loss if not made promptly by Borrower
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair
<br />of 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 not economically feasible or Lender's security would be lessened, file insurance proceeds shall be
<br />applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid co Borrower. if
<br />Borrower abandons the Property, or dues not answer within i0 days a notice from lender that the insurance carrier has
<br />offered tusettle aclaim, then lender may collect the insurance proceeds Lender may use the proceeds to) repair or restore the
<br />Property or to pay suns secured by this Security Instrument, whether or not then due. The 30 -day period will begin when the
<br />notice is given_
<br />Unless Lender and Borrower otherwise agree in writing, any application of prceeds to principal shall not extend of
<br />postpone the due date of the monthly payments referred to in paragraphs I and _' or change the amount of the payments. It
<br />under paragraph 19 the Property is acquired by Lender. Borrower's right to any insurance policies and proceeds resulting
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security
<br />Instrument immediately prior to the acquisition-
<br />b. Preservation and Maintenance of Property; Leaseholds. Borrower shall not des *.roy. damage or substantially
<br />change the Property, allow the Property Gr deteriorate or commit waste. If this Security instrument is on a leasehold,
<br />Borrower shall comply with the provisions of the lease, and if Borrower acquires fee title (o (lie Property, the icasehold and
<br />fee title shall not merge unless Lender agrees to the mergrr in writing.
<br />7. Protection of lender's Rights in the Property; Mortgage Insurance. If Borrower fails to perform the covenants
<br />and agreements contained in this Security instrument, or there is a legal proceeding that may significantly affect Lender's
<br />rights in the Property (such as a proceeding in bankruptcy, probate, for condc nurarton or uo enforce laws or regulations(, then
<br />Lender may do and pay for whatever is necessary CU protect the value of the Property and Lender's rights in the Property
<br />Lender's actions may include payingany sums see ured by a hen which has priotiiy over this Security instrument, appearing in
<br />court, paying reasonable attorneys' fees and entering on the Property to make repairs Although Lender may take action
<br />under this paragraph Lender dotes not have n, do Sir
<br />Any amount-. disbursed by Le•ndcr under thu paragraph - sh.rll hecume adcictutttal debt of Burr—cr x tired by th,,
<br />Security Instrument. Unless Butr over and Lender .tgrec- ro other tern:, of pay nu•nt. thee sm„unr, shall he.,r mrctea inns
<br />thr date of disbursement it the Nore rate and shall be payable, with inrrrcIt, OI-4w n,.n.e f norm I cadet r,. Boer „w ci t.:i:.test:ng
<br />pay nic' m
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