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<br />' A Us4leiRM CovF NANIS flurrower and Lender covenant and Agree a%folhrw%
<br />I ('harks. ltorrrewc� whru dtee,
<br />1. i'myn►eat of Principal and interest; Prepayment and ale sit ;dl ptnnlplly pay
<br />the prfocopal of and interest on the rdohl evidenced by the (vote and any prrpavmenI and lire chatRes it tic under the Note
<br />2. Fstsils far Tases sad Instance. Subject to applicable law or to a wrote •, %. ( by Lender, Ilorrowet %hall pay
<br />to Lender ore the tiny monthly payments are due under the Norte, until the Note I% p ;rd it, full, a sum ("Fun(s"► equal to
<br />ate - twelfth of: (a) yearly taxes and assessments which may attain priority over tht% Secority Inarument. (h) yearly
<br />leasehold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and ((I) yearly
<br />mortgage insurance premiums, of any. Thesc items are called "escrow items " Lender may e%hnu the funds due on the
<br />halls ofcu►rcnt data and reasonable estimates of future escrow items
<br />The Funds shall he held in an institution the deposits ter accounts of which are insured or guaranteed by a floderal or
<br />Nate agency (including Lender if Lender is such an institutio) . Lender shall apply the Funds to pay the tst row items.
<br />Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless
<br />Lender pays Borrower interest on the Funds and applicable taw permits Lender to make such a charge. Borrower and
<br />Lender may agree in writing that nllerest shall bs: paid on the Funds Unless an agreement is made or applicable law
<br />requires interest to he paid, Lender shall not he required to pay Borrower any interest or carntngs on the Funds Lender
<br />shall give In iAurower, without charge, an annual accounting of the Funds showing credits and debits to life Funds and the
<br />purpose for which each debit to the Funds was made The Ivnds are pledged a% adept monal %c•cur:f y for life. sums secured by
<br />this Security Instrument
<br />If the amount of the Funds held by Ixudcr, together with the future monthly paynicnts of Funds payable prior to
<br />The due dates of the esc:tow items, shall excettd the amount required to pay the escrow items when (life, the excess shall be,
<br />at Borrower's option, chimer promptly repaid to Borrower or credited in Borrower on monthly p;tynent% of Food% If the
<br />amount of the Funds held by Lender is lint suflictenl to pay the escrow nerns when dote. Borrower shall pay to Lender any
<br />amount necessary to make up the deficiency in one or more payments as reruired by Lender
<br />Upon payment to full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower
<br />any Funds held by Lender. If under paragraph 1't the Property is sold or acquired by Lender. Lender shall apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by Lendcr, any Funds held by Lender at the time of
<br />application as a credit against the sums secured by Ihts Security instrument.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs I and 2 -hall beapplic& first, ro amounts payable under paragraph 2; second. to interest
<br />due; and last. to principal due.
<br />4. Cluirxis; Lfeas. Borrower shall pay all taxes, assessments, charge, lines and imposition% attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold paymeni% or ground rents, if any.
<br />Borrower shall pay these obligations in the manner provided in paragraph 2, nr if not paid to that manner, Borrower shall
<br />pay them on time directly to the person owed payment. Borrower shall promptly furnish to 1_ender ;dl notices of amounts
<br />to be paid under this paragraph. If Borrower makes these paymtnm 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 hen tit a manner acceptable In Lender. (h) contests to 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 hen or forfeiture of any part of the Property, or (c) secures from the holder of the lien an
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<br />agreement satisfactory to Lender suhtrchnating the lien in this Security ln%rrument if fender determines that any part of
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<br />the Property is subject to a lien which may attain priority over flits Security Instrumenl, Lender may give Borrower a
<br />notice identifying the hen Borrower shall satisfy the ben or take one or more of the at (sons set forth above within 10 days
<br />of the go Yong of notice.
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<br />5. Itaaard Insurance. Borrower shall keep the improvemenis now existing it hereafter erected on the Proterty
<br />insured against Meshy fire, hazards included within the term "cto iended caiveragc" and any ether haiatds for which Lender
<br />requires insurance This insurance shall he maintained to the amounts and flit mite rx•nrxl% that Lender requires The
<br />insurance carrier providing the insurance shall he chosen by Borrower suhteci to I ender'% approval which shall not he
<br />unreasrmably withheld
<br />All insurance policies and renewals shall he acceptable w Lender ,end shall nicludc a standard mortgage clause
<br />Lender shall have The right to hold the prtlicies and renewals. If Lender « quires, Borrower shall promptly give to lender
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<br />all receipts of paid premiums and renewal notice'%. In the event of h »s, borrower shall give prompt notice to the insurance
<br />carrier and Lender Lender may make proof ref tins dneu made promptly by Borrower
<br />Unless Lender and borrower otherwise agree in writing, msurutcc prto ccds shall tee applied to rcStoranon or repair
<br />of the Property damaged, of the re%wratiuo or repair u% economically fc.isahic and Lrnticr's setunty is not Irssened If file
<br />restoration or repair is not economically feasible or Lender's security would he lessened, the insurance proceed- shall be
<br />applied to the sums secured by this SrLuniy Instrument, whether or not tfirn due, with tiny excess paid to Borrower. If
<br />Borrower abandons the Property, or does not answer within 10 days a notice from Lcndrr that the nisurance carrier has
<br />offered to wale a claim, then Lender may collect the insurance prcrccd% lender ntay 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 pencid will began
<br />when the notice is given.
<br />Unless Lender and Borrower otherwise agree to writing, any application of procr—d% to principal shall not exiend Of
<br />postpone the dote dale of the momihly payments referred to in paragraphs I and 2 or change thr amount of the paynicnts If
<br />under paragraph 19 the Property is acquired by Lender, horrtwcr's right to any insurance policies and proceeds resulting
<br />from damage to the Property print to lire acquisition shall pass to Lender to the extent of the sums secured by this Security
<br />Instrument emrttedtately poor to the acquisition
<br />6. Presernatiom and Maintenance of Property; Leaseholds. Borrower shall not destroy, damage or %ubsranually
<br />change the Property, allow the Property to deteriorate or commit waste if this Security Instrument is on it leasehold,
<br />Borrower shall comply with the provisions of the lease, and if Borrower acquires fee title to the Property, the Ica%rhold and
<br />fee title %limit not merge unless Lender agrees to the merger in writing.
<br />7. Protection of Lender's Rights is the Property; Mortgage Insurance. Ii Iorrowei fouls in perform the
<br />eovenanl%prod agreements contained in fills Security Instrument, or there is ;f legal pen reding that may significantly alfect
<br />Leader's right% in the Properly (such a% a proceeding to hank ruptcv, prohatr, for coidrmnation or Lei rnforce laws or
<br />regulslums), then Lender may do and pay for whatever es necessary to protect the value of [fir Property and I eider's rights
<br />in the Properly. Lender's acuom may include paying any sums secured by is hen which has priority over this Sccimiy
<br />Instrument, appearir3 in ct-urt, paying reasonable attorneys' fees ;full entering tin the Properly io snake repair Although
<br />Lender may take tertron under this paragraph 7. Lender does not have In de. at
<br />Any amounts desburscd by Lender under this paragraph 7 shall Let nine addittooal dcht of Borrower secured by i his
<br />Securely Ittsfrumeni Unless Borrower and Lender agree to twitter terms of pavr»eni, thesr aitnunis shall h•ar tnmerc%l from
<br />the dale it( timbursement at the Note rate anti shall lx pamihle_ with tntvrcu apnn miler from i emirs io Borrower
<br />requesting payment
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