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<br />UNIFORM C[WFNANIS Horrowerand lender covenam anrdagrt'r a%lidlow%
<br />1. Payment of Principal and interest; Prepayment and dale Vinrges. Htirruwrr dtadl prmliptly pay wheat tine
<br />the principal o(and interest nn the deity evidenced by the Noic and any prcpayrnent and late charges duc under the Note.
<br />2. Funds for Taaes gad insurance. Subject to applicable law or to a writ tc, '.r i.r by Lender. Borrower ,hall pay
<br />to Lender on the day monthly payments are due under the Note. until the Note I% p ;,!tt ir, full, a sum ( "Fund%-) equal is
<br />anne- twelfth of: (a) yearly taxes and assessments which may attain pnortty over tins Security Atsinimeni. (M yearly
<br />leasehold payments or ground rents on the Properly, if any, (c) yearly hazard mntrance premiums; and (d) yearly
<br />mortgage insurance premiums, if any. These items are called "escrow items " Lender may c%lintate the Funds due on the
<br />basisofcurrent data and reasonable estimates of future escrow items.
<br />The Funds shall he held in an institution the deposits or accounts of which are Insured or guaranteed by a fnictal or
<br />state agency (including Lender if Lender is such an unslifution). Lender shall apply the Funds to pay the escrow 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 law permits Lender to make such a charge. Burrower and
<br />Lender may agree in writing that mieresi shall he paid on the Funds. Unless an agreement Is made or applicable law
<br />requires interest to be paid. Lender shall not he required to pav Irrrower any interest or earnings on the Funds. Lender
<br />shad) give to Burrower, without charge, an annual accounting of the Funds showing c•redts and ([chats to the Funds and the
<br />purpose for which each debit to the Funds was made. The Fund% are pledged a%additional secants, for the sums %ecurcd by
<br />this Security Instrument.
<br />If the amount of the F=unds held by Lender, together with the future monthly payments of Funds payable poor to
<br />the due dates of the escrow items, shall exceed the amount required to pay the cwrow items when clue. the excess shalt be,
<br />at Borrower's option, either promptly repair) to Borrower or credited to Ilorrowrr tin monthly payment% of Funds If the
<br />amount of the Funds held by Lender is not Sufficient to pay the escrow iteniS when due. Borrower shall pay lot bender any
<br />amount necessary it) make up the deficiency in (tile 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
<br />any Funds held by Lender. If under paragraph Iii the Property I% sold or acquired by Lender. Lender shall apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by Lender, anv Funds held by Lender at the time of
<br />application as a credit against the sumssecured by this Security Instrument
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs I and 2 shall be- applied: first, to amounts payable under paragraph 2; second, to interest
<br />due; and last, to principal due.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, lines and impositions attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any.
<br />Borrower shall pay these obligations in the manner provided in paragraph 2, or ([not paid in that manner. Borrower shall
<br />pay them on time directly to the person awed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph. If Borrower makes these payments directly, Borrower shall promptly foirnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has pnonty over Ihi% Secums, instrument unless narrower- (a)
<br />agrees in writing to the payment of the ohhgatton secured by the lien tit a manner acceptahle In Lender, (h) contests in good
<br />faith the hen by, or defends against enforcement of the lien in, legal prxreding% which in the Lender's opinion operate 10
<br />prevent the enforcement of fire lien or forfeiture of any part of the Property, or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender Suliordinating the lien to tits Secuniv Instrument If lender driermuic% that any part of
<br />the Property rs subject to a lien which may attain pnonty over tht% Sccuril% Instrument, lender may give Borrower a
<br />notice identifying the lien Borrower shall sao-li, the lien or lake one or more of the actions set forth ahove within IQ days
<br />of the giving of noticc.
<br />S, Hazard Insurance. Burrower shall keep the improvements now casing or hereafter erected on the Property
<br />insured against ions by fire, hazards incha ded within the term "extended coverage' and anv other harnds for winch Lendder
<br />requires insurance This insurance shall he maintained in the amounts and for ncc period% that lender requires. The
<br />insurance carrier providing the insurance shall be chosen hv Borrower suhtect to 1 critter's approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be acceptable it) Lentler and shall include a standard mortgage clause.
<br />Lender shall have the right to hold the policies and renewals. If Lender requires. forrnwer shall promptly gave to Lender
<br />all receipts of paid premiums and renewal notices. In the evert of Toss, Borrower shall give prompt notice to the insurance
<br />carrier and Lender Lender may make proof of loss ([not made promptly by Borrower
<br />Unless Lender and Horrnwcr otherwise agree in writing, insurance proa•ccd%.hall he applied to restoration or repair
<br />of the Property damaged, of the restoration or repair t% econonutally fca%1111C and Lender'% sectirtty is not lesscnn( if the
<br />restoration or repair is not economically feasible or l.rnder'% %rcuniv would he Irs%rned, the insurance proceeds shall he
<br />applied to the stuns secured by this Securuv Instrumem, whether or not then due, with any excess paid to Borrower If
<br />Borrower abandons the Property, or (lots not answer within 10 day% ;t notice from Lender that the n%urance carrier has
<br />oHEred to settle a claim, then Lender may collect the n %urance 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 }ft -day period will begin
<br />when the notice is given
<br />Unless Lender and Borrower otherwise agree in writing, any application of proc"tis In 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 I% acquired by (ender, Borrower % right fu any nsuranre policies and proceeds resulting
<br />from damage to the Property prior to the acquisition shall pass to Lender 1n the exleni of the %toms secured by Oils S[CUnty
<br />Instrument Immediately prior to the acquisition
<br />6. Preservation and Mainlenstice of Property; Leaseholds. Horrywer shall not destrnv, damage or suhslantiativ
<br />change the Property, allow the Property it, deteriorate ar commit wage If this Sectirtav Inslnu irnt t% on it Ica%ehuld,
<br />Borrower Shall comply with the provisions of the lease, and if Borrower acquires Ice title to the !'ruperty, the Iemehold and
<br />fee title shall not merge unless Lender agrees to the merger to writing.
<br />9. Protection of Lender's Rights in the Property; Mortgsge Insurance. If Bnrrowrr fails to pri-forn the
<br />covenants and agreements contained In $his Security instrument, or there is it legal pn>t riding that may significanliv affect
<br />Lender's rights m the Property (such a% a prmenhng in hankrupt:y, probair. Ins .tndrootaiton or to rnlotcr laws or
<br />regulations), then Lender may do and pay for whatever is necessary io protect the vaiuc o o
<br />f the f't miti n
<br />and Lender'% ghti,
<br />s
<br />in the Property. Lender' nctains may include paying anv sums secoird hv. it hen whah has pnonty over Ihis S c-tartiv
<br />Instrument, appearing In court, raving reasonable attorney%- fees and rnierng on lite I•rolivrty lit make repairs .4hhough
<br />Lender may take action under i his paragraph *i. I ender does not have to to %,i
<br />Any ambient %dt%burscd hi, Lender undet this paragraph ' shall iv, orrie addvuotmi itrhi ill Rorn.•wcr seciocd by 011%
<br />Security instrument Union% Borrowrt and Lender agrer ii• ,thrt +runes i,f p,ismcrit iiij— .oi —laws sh;W It -,r , 1r'rr,t tr"M
<br />the dale of disbursement all lair Note rain and shall Ix aayihle', Nnfi iar,•rv•ai, tea ,, 1 r ,i,r i„ Harr suer
<br />requesting paynteol
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