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86= 10388$
<br />UNIFORMCOVFNANTS Borroweri
<br />snsn give ttT rs
<br />purpose for wl
<br />this Security I
<br />if the s
<br />Ibe due dates
<br />at I)orrower s
<br />amount of the
<br />amount neces
<br />UP- i
<br />as a
<br />due; an
<br />mder covenant and agree a%follows
<br />epsyssent and lAle Charges, Brrrower %hall promptly pay when due
<br />by the Note tend any prepayment and late charges due under the Note,
<br />ctlosppli, Ilelaworionwnuer: e.ccrby Lender. lkrrower shall pay
<br />seeder the Note, until the Note is pair• in full, a sum C'Funds ") equal to
<br />which may attain priority over this Security - Instrument; (h) Yearly
<br />yerty, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />tare called "escrow, items." Lender may estimate the Funds dur on the
<br />lure escrow items.
<br />edeposits or accounts of which are insured or guaranteed by federal or
<br />an institution). Lender shall apply the Funds to pay the escrow items.
<br />the Funds, analyzing The account or verifying the escrow items, unless
<br />applicable law permits Lender to make such a- charge. Borrower and
<br />te`paid on the Funds. Unless an agreement is made or applicable law
<br />*aired to pay Borrower any interest or earnings on the Funds. Lender
<br />r,7 without charge. an annual accounting of the Funds showing credits and debits to the Funds and the
<br />A debit to the Funds was made. The Funds are pledged as additional security for the sums secured by
<br />of the Funds held by Lender, together with The future monthly payments of Funds payable prior to
<br />arrow items, %hill exceed the amount required to pay the.escrow item% when due, the excess shall he,
<br />either promptly repaid to Hormwer or credited to Borrower on monthly payments of Funds. If the
<br />held by Lender is not sufficient to pay the escrow items when due. Borrower shall, pay to Lender any
<br />nake up the deficiency in one or more payments as required by Lender.
<br />I in full of all suim secured by this Security Instrument, Lender shall promptly refund to Borrower
<br />uder.Ifunder paragraph 19 the Property is sold or acquired by Lender, Lender shall apply, no later
<br />ar to the sale of the'Properlyor its acquisition by Lender, any Funds held by Lender at the time of
<br />against the sums secured by this Security instrument.
<br />a'of Paynrenb. _Unless applicable law provides otherwise. all payments received by Lender under
<br />all 6eapplied: first, to asiounts payable under paragraph 2; second, to interest
<br />to principal due.
<br />Aaw " Borrower shalt pay all lases, siuiessmrnts, charges, lines and impositions attributable to the
<br />Million priority over this Security Instrument. and leasehold payments or ground rents, if any.
<br />iese obligations in the manner provided in paragraph 2, or if not paid in that manner, Borrower shalt
<br />wily to the person owed payment. Borrower shall promptly furnish to Lender all notices oramounts
<br />paragraph. if Borrower makes these payments directly, Borrower shall promptly furnish to Lender
<br />receipts evidencing 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 Lender's opinion operate to
<br />prevent the enforcement of the been or forfeiture of any part of the Property; or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien in this Security instrument. If Lender determines that any part of
<br />the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a
<br />notice identifying The lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br />of the giving of nol ice.
<br />S. HRZard 11TSaraaee. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insuredagainsl losshy fire, hazards included within The term "extended coverage" and anv other hazards for which Lender
<br />requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The
<br />insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br />Lender shall have the right to hold the policies and renewals. If Lender requires, Borrower shall promptly give to Lender
<br />all receipts of paid premiums and renewal notices. in the event of loss. Borrower shall give prompt notice to the insurance
<br />carrier and 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 he 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, the insurance proceeds shall be
<br />applied to the sums secured by this Security Instrument, whether or not then due, 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 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. The 30-day period will begin
<br />when the notice is given.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments. If
<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 prxw to the acquisition.
<br />f. Preattrsatim Mall Maintenance of Property; L soehokia. Borrower shall not destroy, damage or substantially
<br />change the Property, allow the Property to deteriorate or commit waste. if this Security Instrument is on a leasehold.
<br />Borrower shall comply with the provisions of the tease, and if Borrower acquires fee title to the Property, the leasehold and
<br />fee title shall not merge unless Lender agrees to the merger in writing.
<br />7. Protection of Lente s Rights in the Property; Mortgage inaareaee. if Borrower fails to perform the
<br />covenants and agreements contained in Ihis Security Instrument, or there is a legal proceeding that may significantly affect
<br />Lender's rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws or
<br />miesiations) than Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights
<br />in't*i Property. Lender's actions may include paying any sums secured by a lien which has priority over this Security
<br />instrument, apptaring in court, paying reasonable attorneys' fees and entering on the Properly to make repairs. Although
<br />Lender may take action under this paragraph 7. Lender does not have to do so.
<br />Anysmounls disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this
<br />Sacurily Insirumetail. Unleu Borrower and Lender agree tut other terms of payment. ¢hose amounts shall heat intere %t from
<br />the date of disbursement at the Note rate and shall be payable, with interest, upon notice from Lender to Borrower
<br />requesting payment.
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