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<br />86- 103896
<br />UNIFORM COVFNANTs�. Borrower and Lender covctrurt and agree as follows.
<br />1: Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay whcrn due rile
<br />principal of and interest inn the debt evidenced by the Note and any prepayment and I:ltr charges due under tx• Note.
<br />2. Funds for Taxis and insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay it)
<br />Lender on the day monthly payments are due under the Note, until the Dote is paid in hull, ,I sum (`Funds' � equal to
<br />� one twelfth of: ±a) yearly taxes and assessments which may attain priority over this Security Jristnlmnl , (b) ytariy leasehold
<br />payments or ground rents on the Property, if any; 1,0 yearly hazard insurance prc miums; and (di yearly mortgage insurance
<br />premiums, if any. These items are called "escrow items." Linder maycstirriatrthe Funds due on 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 institutiow. lender shall apply the Funds to pay the escrow items. Lender
<br />may not charge for holding and applying the Funds, analyzing the accolir,t or verifying rile 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 on the Funds. Unless an agreement I, made or applicable law requires interest to be paid,
<br />Lender shall nix be required to 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 whidi eachdehit to the
<br />Funds was made. The Funds arc pledged as additional security for the sums secured by this Security Instrument.
<br />if the amount of the Funds held by Lender, together with the fume monthly pay'nenrs of Funds payable prior to the
<br />due dates of the escrow irenls, shall exceed the amount required I,, pay tile escrow items when due, the excess shall be, at
<br />Borrower's option, either promptly repaid u, Borrower of 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 ncc deficiency in one or more payments as mclunz•d by Lender
<br />Upon payment in full of all sums secured by this Security Instrument. Lender shall promptly refund to Borrower arty
<br />Funds held by Lender If under paragraph 11) the property is sold or acquired by Lender, Lender shall apply, till later than
<br />immediately prior ai the sale of the Property or its acquisition by Lender, any Funds held by Lender at the rime tit application
<br />as a credit against the sums secured by this Security Instrument.
<br />3. Application of Payments. Unless applicable l:nv pro%idvs otherwise, all payments received by Lender under
<br />paragraphs I and 2 shall be applied: first, tw fate charges due under the Nore. second, io 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, (harges, tines and impositions attributable n, the
<br />Property which may attain priority liver this Security Instrument, and leasehold payments t)r ground ienrs, is any Borrower
<br />shall pay theseobligauons in The mariner provided in paragraph 2, or if rim paid In rhat manner, Borrower shall pay thenron
<br />time directly to the person owed payment Borrower shall promptly furnish To Lender al! not Ices of amounts to he paid under
<br />this paragraph. If Borrower makes these payments directly, Borrower %hail prompth furnt.h to Lender receipts evidencing
<br />the payments.
<br />Burrower shall promptly discharge :illy lien which has priorny over rills Svturin !nsm:unent unit's, Burrower t.o
<br />agrees in writing to the payment of the ubligattoll secured by The Ilea In a manner aL(UJ1T tblc Io Lender h> ton(e,IS in good
<br />faith the lien by, or defends against enforcement of the !left In, legal proceeding, wiuth ul ncC I.cnller, opinion operate to
<br />prevent the enforcement wf the lien ur fort'-ture of any part of the Property. or is ,v(urc, troth the holder lit the !Ian an
<br />agreement satisfactory to Lender Subordinating the lien tnthts5ecurin Instrurnenc. if Lendcr,lcTCrnutics thar any part of nct-
<br />Property is subject to a lien which may attain priority over this Seturity InstrumenT. I ender IT)J% give Burnmer a novice
<br />identifying the lien Burrower shall sausfy the lien or rake one or more of the Ic awl =l —f for ill A" C. wrthiu Ip dav, of (tic
<br />giving of notice
<br />S. Hazard Insurance. Borrower shall keep tilt inlpll,vernents rn_iw clostlr.g or lhrtatrei rrc'tted nn the Pioperry
<br />insured against loss by fire, hazards ultluded wlthm the rc'rnl' cmundcd tuner.: r arni arc ether hazar:ls it,; w %Iut l I.Vilder
<br />requires insurance. This insurance• hall hr ma111ramc-d iR the amounts and for lilt' pciiods rh,u Lender require 1'hc
<br />insurance carrier providing the insurance• Shall lit chosrrl by Htir11iwcr sub ±rut I., i Tinder, approval which shall! not be
<br />unreasonably withheld_
<br />All insui atnce polior, and renewals shall lit' accep(ablt to I.( nder and %hall iiulu c a ,t,rr,._lard mortgage clause Ltn:ie-r
<br />shall have the right to hold rile pwhues snd renewals. It Lender require•, Bopuwtr shal(hrolnpti: give ill I.errder all rccclpt,
<br />of paid premiums.ind renewal notices In the event wf lose, Borr,wrl ,hall grlc prolnP( I lot lte to the IusUr. Ill e tamer and
<br />Iendri. Lender may make proof of loss if not made promptly by Bur n,wrr
<br />Unless Lender and Borrower wrherwise agree ill writing, insuranu' p�rrotceds shall hu applied Ili resrocolon or repair
<br />of the Property damaged, it (tic rest,nauun tit repair is enxrum—dly tca,iblc - and Lender , scLurny is not leuened. If tilt
<br />restoration or repair is nut eunl0anit3lly tt'asibie or Lender s ,erupt} 'wild 'tic ie,scned, the tnsur;ulce pruteeds shall tie
<br />applied to the sums secured by tills Se,urin Instruinviit, whether ur not rhea dui, wail ant t'\ces, paid rtl Burrower If
<br />Borrower abandons the Property, or diwe not answer within fit) day, .I notit•' troin I.cildtr t11at Tile Insilr.11lte Carrier his
<br />offered to set to I t!aI In. Ihun I- a :n6,,, lnaY elllleel ttie lnsUran,,t prweced, Len, 1,r mil U,c'tIt pitlt cud, (w rvpalror rc,twre lilt
<br />Prop crty'or ailpay 5U1114,t•c Urc'd by chi,. ecturny Instrument, ,V ht'tht'r or not 111endill i hc' i() -tray pct lod w Ill begln 1t!1t-11 tilt
<br />notice Is given
<br />Unless Lender and HorloJ vi" otherwise agree in sr ring, ally applu,(-oll or p',n nt'cd, to prinelp,il ,11.111 :lot cmCnd wr
<br />px Jstpiwllc the due date Tilt tilt rrlonthB payments retcrred tw In paragraph, 1 and _, or c Hang( the ailloul)t alt rflt rai lllcnt, It
<br />under paragraph 19 the Property is a.qulred by Lender. Bornlwer , right o, one u1suratlet pioin:,,, .in:i proceed, :1,uL;ul.g
<br />from damage to the Property prior to tile acquisnion shalt pass to Lcodcr to tflr caleclt 121 1111 ,::;n, ,t'cultd by rill= S-w iry
<br />Instrument uninudla(ely prior to Tile acclut,iuun.
<br />6. Preservation and Maintenance of Proper•.); Leaseholds. Burrower %hail not dt',tn,y. damage it substar,Ilaliy
<br />change the Ptopxrty, allow nct llrolmrty ill deterioi.nr 11; commit writs It ills Scturr,y 1— tilunrnl Ia ial .i Ica ch,,Id,
<br />Burrower shall comply with the piovrsuitls of the. !case, and if Bori,-ct ,lululre's iec :Itc ru lit( Property. Tise Iceschold and
<br />fee title shall nor purge unless Lender agrccs Tel the merger in willing
<br />'. Protection of Lender's Rights in the Property; Mortgage Insurance. It B,lrr„lvei I,ii, i„ perhirtll 11x' c %cnanl,
<br />and Agreements contained In This Sesurny instrument. or there I, a Ie•g.il po.cvdrrlg rtlat nl,n slgnlhia0(1% .it!t•cl Lender,
<br />tights in tire Propery i such as a proceeding rn bankrupts, po (bate, for tondcrnnal n,n or 1, i enh,nt Ii, —I ruguLmonsi, (hull
<br />Lender may do And pal' for mhauncr I, ntk.,,'ssar\ to prtrett the' lAut of (fir Proll,It, .ill,: I I'lldtI , Ilghl, It, till lltopcl Il
<br />E.enders:Ictionsmay include patiingam, m,securvdIn.1iivil t!, hr3 -write r T fill' st iruyln I ,1rft p aringIll
<br />.11.U1(t, paying reasonable atiorocy5 fet, and eilrtring son Ill,, llr,rpelr, .I (make' icpatl, .io t—'i"h 1_.,.ldl_I ll ,Il ,.kk ;, rnzi,
<br />udder this paligtaph 1 t•n,.le'I ,A , liwr t Il( to I,
<br />Atry ainoums disbot sed by E e ndtt n!rr f his par,gri ph i h nit '3.1i, IIa 1 li It 61
<br />Seturit ; last ill Ine Ill L 111 !es, Burr Ewer and Lendc, ak.tt t,,t rhel i, 'Ili I p ...i nti 2 t 1' >t , ', l 'C .3f is - 1 t,tw,
<br />I lie darrofdribur% irmcntatt tic Note ra tr.lndltnllhel:.y.JhlrwiJlultrt (sill .(,;tctr q.e -nIll-
<br />payment
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