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<br />UNIFORMCOVF.NANTS Borrower and Lender covenant and agree •asfolhms
<br />I, Payment of Principal and Interest Prepayment and late Charges. Borrower %hall promptly pay when due
<br />the principal ofand interest on the debt evidenced by the Note and any prepayment and late charges due under i he Note.
<br />2. Funds for Taxes and Insurance, subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly payments are due under the Note. until the Note is paid to full, a sum f•'Funds ") equal to
<br />one-twelfth of (a) yearly taxes and assessments which may attain priority over this Security Instrument; (b) yeariv
<br />leasehold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums, and (d') yearly
<br />mortgage insurance premiums, if any. These items are called "escrow items •' Lender may cstimate the Funds due on the
<br />basis ofcurrent data and reasonable estimates of future escrow items
<br />The Funds shall be held in an institution the deposits or accounts of w hick are insured or guaranteed by a federal or
<br />state agency (including Lender if Lender is such an institution) Lender ,hail apply the Funds to pay the escrow Items
<br />Lender may not charge for holding and applying the Funds, anahzmg the account or verifying the escrow items. unless
<br />Lender pays Borrower interest on the Funds and applicable law pernnt% I z rider to make such a charge. Borrower and
<br />Lender may agree in writing that interest shall be paid on the Fund, i rile•%, an agreement is made or applicable law
<br />requires interest to he paid, Lender shall riot he required to pay Borrower j;i% Interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credo, and debris t,, the Funds and the
<br />purpose for which each debit to the Funds was made The Fund, are pledged as additional stcunI,, for the %um% secured by
<br />this Security Instrument
<br />If the amount of the Funds held by Lender, together with the future monthly payments of Fund, payable prior to
<br />the due dates of the escrow hems, shall exceed the amount required if) pay the escrow items when due, the execs, ,hall be.
<br />at Borrower's option, either promptly repaid to Borrower or credited to Borrower ,u) monthly payment, of Funds If the
<br />amount of the Funds held by Lender is not %ufftcient to pav the escrow items when due. Borrower shall pay to Lender any
<br />amount necessary to make up the deficiency in one or more payment, as required by Lender
<br />Upon payment in full of all sums secured by this Sccunty Instrument• lender ,hall prornptly refund tci Borrower
<br />any Funds held by tender. If under paragraph 11) the Property is sold or acquired by 1 ender. Lcnder shall apply, no later
<br />than Immediately prior to the sale of the Property or Its acgwsition by Linder, any Funds held by Lender at the time of
<br />application as a credit against the sums secured by this Secunty Instrument
<br />3. Application of Payments. Unless applicable law provide, otherwise. ail payment, received by Lender under
<br />paragraphs I and ? shall be applied. first, to late charges due under the Note, second, to prepayment charges duc• under the
<br />Note; third, to amounts payable under paragraph.: fourth. to Interest due and last, to principal due
<br />4• Charges, Liens. Borrower ;hall pay all taxes. assessment,, charge,. fines and impositions attributable to the
<br />Property which may attain priority c)irr this Security Instrument,
<br />ent, and leasehold payments or ground rents. if any.
<br />Borrower shall pay these obligations in the manner prov)drd in paragraph _, fir If not paid In that manner. Burrower %ha11
<br />pay them on time directly it) the person owed payment. Borrower ,hail promptly Burnish u, Lender all notices of amount,
<br />to be paid under this paragraph If Borrower makes these payments Jitectly. Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptiv discharge any lien which has privity ,%er this Security Instrument urine,% rrm&cr (a)
<br />agrees to writing to the payment of the obligation secured by the lien Ina manner acecptable to Loader I hl , asK In gOtKi
<br />faith the lien by, or defends against enforcement •af the lien in. legal proceeding, w hick nn rhr Lcnder', opt. non to
<br />operate
<br />prevent the enforcement of the hen or f0rft•iture -f any part of the Property: or (ci secures from the hoiden of the }ter) an
<br />>.
<br />agreement sati%factory to Lender subordinating the lien to this Security Instrument If Lender delermmc, rl .I any part of
<br />the Property is %object to a lien which may attain priority o%er this Securir% Instrument, I ender ma% got '• ,wcl a
<br />notice identifying the lien Borrower shall sa(i%fy the lien or take uric or more of the action,% sit forth ahove wrlutn iO days
<br />of the giving of nonce
<br />S. Hazard Insurance. Bt,rroucr •,hall kcrp ilia• unpn)yemc•ot, non ryisting fir hc•rteuc•1 crrc[c•J :>n the 1'rolxrri
<br />K
<br />insured against loss by fire, hazard, included within the term "extended ,uvragt ' aril .my oliur haiani, h,r wtu h I.rndrt
<br />requires insurance hills Insurance ,hall he ona— tarried n) the mn,au)r, anti Ior the pcnt,d% Ihat I cn.Jrr requires File
<br />insurance earner providing the insurance shall i.r tho.en hi. fit ,, r,-vier ,uhlckI I.• I ender', .ippro,al w hi, h shall not he
<br />unreastmah1v withheld
<br />All insurance ptilictes and renewals shall he as.cplahk it I ender .Ind shat! ;n, ]title ., standard morigagr , lease
<br />Lender shall have the right to hold the iK,hcles and renewals It I ender require,. B,)rrnwcr ,11,111 pi ran pt Iv give 1'. Lender
<br />all recetpt%of paid premiums •and renewal notices In the cve.ni it lo,s, fe vrowri shall f;nc prompt nonce It,' ilia insurance
<br />earner and Lender l ender may make pnxit of foss if not made promptly t)s liorn,wer
<br />Unless Lender and Borrower otherwise agree in writing, insurancc pr1kccds shad! he applied tin restwauon -n repair
<br />of the Property damaged, if the restoration or repair IN econonuc,dty feasible and I.cridcr',,eturiry Is not lessened 11 the
<br />restoration it repair Is not economically feasible or Lender \,rcunty would he k1lent•d, the ntsurantc pan CCCN ,hall fx
<br />applied to the sums secured by tilts Security Instrument, whether of no( then due, with any seers% paid to Bt.rio%4cr If
<br />Borrower abandons the Property, or dots•% not answer within 10 fay, a nonce I1o); I ender that tile ,n,uramc carrier ha,
<br />offered to settle a claim, then Lender may collect the Insurance ptocecd, I ender play use the proceeds to repair ,,r restore
<br />the Property or to pay sum%,ccured by this Sccunt% lnslrurnent, whether or not then Jut t he if)-da_y prrwd vy)11 he•gin
<br />when the notice is given
<br />Unless Lender and Borrower otherw Ise agree in w nting..tm appi —won of proceed, it, principa! ,hali not (•%tend or
<br />postpone the due date of the month!} payments referred to In paragraphs ! .ind ' r,r change the amount „t the payments 11
<br />under paragraph 19 the Property is acquired by Lender. Borro%%cr , right to .toy uisurancc p, licir, .ind pr,mcceJ, resuIting
<br />from damage to the property prior to the acyuWtuin shall pass It, t ender to the cxtent „t the ,rim, secured liv this `ceurn%
<br />Instrument immedtateh pnor to file acgwsrnon
<br />6. Preservation and Maintenance of Proper;&; leaseholds. Borrowet %hall n „t & %in+, ,(ani.igc or ,uhsiantt;,i!v
<br />change the Property, allow the Pruperi,, to detenorate or convntt waste It this'1e, 11% In,lrun,ua 's ..I, a icasrhoid,
<br />Borrower shall comply with the pro%Istom of the lease, and If Horrt,wcr acquire•, Ice unit r, the Pioprrt% the Icawho,ld and
<br />fec title shall not merge unless Lender agrees to the merger In w Ming
<br />7. Protection of Lender's Rights in the Property; %fortgoge insurance. It liou„wcr fail, 10 Ix•rh)ro) the
<br />covenants and agreements contanicd in I his sictunty ln,irumcnt, or nccry 1, J leg.!! !V, Kr'CdIIIR 01,11 riia% ,liallh, antiv Af, t
<br />L.ender'% rights In the Property (such t% a pro reeding In hankrup[t%, pr„halt I;,r ,„ndcnmalion or Io entor,c• law, „r
<br />regulation%), then I ender may doand pay for white%er is tlm,c%wry it, prott-ti the , altit , t tilt l'r,,pc•rr% .Ind i tndc r , &chi,
<br />in the Property Lcnder', at..tom may tothiciv pa%ing any sums secured by a ;'cn ,tf :,, 11 has pr :,.v,I% ,%ct I111, Se, only
<br />Instrument, appearing in court. payrrtg Tea.,( nahlr attorney, tees and enicnok u: the 1'n,lk•[[% I, m.ii.c „pail, Alth, ug!,
<br />tl�t
<br />Lender may take action under the% paragranh ' 1 triter dcr.•s iwi h,n e
<br />Any amount %dt,hur,ed hs I ends r ut,der this paragraph ” Oialf N. -mv .rdd;[r„n.ti e [ t , cd h% !III,
<br />t
<br />Secunty lima- timeni l'nl s, Btv,rtowcr and i cn,ler agree tt,;,ihct rtt2, ;,a%nx, r ,i,rsr fit t,.. n 1 ; !,ter •, . I,,.,,
<br />the date of dr%hursemcr,t at tilt Dior• ,.are .tad ,hell hr pa,,ar,r. a ,h
<br />t�
<br />requesting paN inenl
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