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<br />L'sr.tt.7RStCOVENANTS Borrower and lxnder Covenant and agree asfollow s: 86— 104554
<br />1. Payment of Principal and interest; Preyaayraent and late Charges. Hormwcr shall promptly pay %heat dui
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due undc.- the Note.
<br />2. Funds for Taxes and Insurance. Subject to applicable law of to a written waiver by Lender, Llcirrower shall pay
<br />to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum ("Funds") equal to
<br />One- twelfth oaf_ (a) yearly= taxes and assessments which may attain priority over this- 5ecumv lnstrument. (b) yearly _ -
<br />leasehold payments or ground rents on the Properly. if any: (c) yearly,harard insurance premiums, and id) yearly
<br />mortgage insurance premiums, if any. These items are called "'escrow items " Lender may estimate the Funds due on the
<br />basis of current data and reasonable estimates of future escrr€u "items.
<br />The Funds shall be held in an institution the deposits or accounts otwhich are insured or guaranteed by a federal or
<br />state agency (including Lender if Len let is such an institution). Lender shall apply the Funds to pay the escrow items,
<br />Lender may not charge for holding and applying the Funds, analysing the accciunt or verifying the escrow items, unless
<br />Lender pays Li srrower interest on the Funds and applicable law permits Lender to make such a charge Borrower and
<br />Leluter may agree in writing that interest shall he paid con the Funds. Unless an agreement is made or applicable law
<br />requires interest to be paid, Lender shall not be required to pay Borrower any interest or Canting, on the Funds, Lender
<br />snail give to Bortower. without charge, an annual accounting of tlic Funds showing credits and Mars to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional w.unty for the ,urns secured by
<br />thmSecanty Instrument.
<br />If the amount of the Funds held be Lender, together with the future monthly payments of Funds payable r-or to
<br />the due claim of the escrow deems, shall exceed the amount required to ray the escrow items when due; thetxcros shall be,
<br />at BinttiweC s option, either promptly repaid to Borrower or credited to Borrowed cot rtionthly
<br />payment., of Funds. If the
<br />amount of the Funds held by Lender is not sufficient to pay the escrow items wirer€ due
<br />Borrower ,diall pay to L etnlcr an}
<br />amount necessary to makeup the deficiency in one or moire payrneritsas required by Lender,
<br />'
<br />Upon payment in foil ref all come secured by this Security Instrument, 'Lender shall promptly' ret'und to .Bdtrowtr
<br />' any Funds hcid by Lender. If under
<br />paragraph 14 the Property is scthi or utred Iry !.,ender,, Lender shaltapl+ty. err dater
<br />than immrdwtely prior to the sate of the Prnperiy or tzs avquisrtuits by [:ender. any Funds held by Lender at the time of
<br />appluatton as a credit against the sursts secured by this
<br />-Security } 2nstrument.
<br />3, Application of Paymenta. Unless applicable law provirles otherwise, all payments received by [.ender under
<br />paragraphs 3 ;trid she)! lreappiied; first_ tti late "charges dire under the Note; sercind, tdprepayment iargrsdue under the
<br />''ole: Third, to amounts payable under paragraph 2, lburtb. to interest due„ and Last_ itt pnocipal due.
<br />4. Chargefi Lient Bcirnvwer shall pay all taxes, ass;essmen cihatges,,f ties and imliMiticirts attributable to the
<br />Property which may attain pnonty over this Securry Instrument. and leasehold payments or ground rents, if any_
<br />Borrower shall par these obir=satrrriis in the manner provided in paragraph 2, or tfnoi paid in that manner. Borrower shall
<br />Pay tlirtri an time directly to the person owed payinent. F3ornwer shah r"}rornplli furnish to Leader all notices,?f amounts
<br />to be peed under this paragraph If Borrower makes, these payments directly, Burrower shall promptly furnish to Lender
<br />reccipise<idenctngthe pakMeata.
<br />Borrower shall promptly" di.wbargc any hey which has priority over this Sci-Jnty Instrument unless Borrower: lad
<br />agrees in writing €o the payment of the oNigataon secured by the him in a manner acceptable to L.erider: tb) coatestsin good
<br />faith the lien by Or defends against enforcement of the lien err. k1W prOCcetimp which in the L.endcr's opinion operate to
<br />prevent the en% }r rrtient cif the lien eor forleutore,Tf am' part of the Prsrperiy: cat° icj secures from the Milder cif. the }eery an
<br />agrxxnterst s trsfacrrrn tc ktrtder su#rc rditiatrng the ;ieia tr- s6is Saurrty Irrstrxime»L. If Lender determines that an part iii "
<br />the properly is +uh~ t u3 a lien which may attain prsoror v over this Security Instrument, l cgder may dive Borrower a
<br />notice identifying the €ten, Btirriaa'rr shat€ satisfy the lima car taI e. vru" r7thire of the actions set ii)nh abrite within Iii days
<br />of the giving ofnotice.
<br />5. }Iazard Insurance. Iitxrc +wrr shall lcrp the irnprisvrmcrt8 now existing or hereafter retried an the Properly
<br />tnsured against loss tax Tire hazards meTtrded wahtn the term eateirdcd cnsr, age ar d any cutter hazards for which ,L ender
<br />requires insurance This €nsuran.e shall tie matntat ed in the ,= cars Ilbr the pair tha Lender rewires. She
<br />insurance carrier providing the insurance shall be ehewers brr Iktrrow-cr subject to Lender,$ approval which sit" nc.t he
<br />unreasonably withheld.
<br />All msuran r p'rlizics sod rrrirwels shafl it aciztaet±€r o. Lender and shall to tudr a standard rritxtga Clause, .
<br />Lender,hail have the right to hold the pt ticte3 and rtrwwals it Iii der requires, Borer we shall promptly give to €Crider
<br />all receipts .+f paid premiums and renewal notice,. In the n errt of lxass Bcarrowrr shall give prompt notice it, tea tare insurance
<br />caroler and l- eniier. Lander may niakr pnv if t =f i ss if m t made pr m}nly by Bc rrt,rwcr.
<br />Unless Lender and Eorrower c Thies ise ague in *ruing, in, uranc e proceeds
<br />,hail he applied to resuaratirrri Of reps it
<br />of the Property damaged. if the restoraticin. o* rePiiar is cstw- raw:aliy feasible Anil Le rider's secuntr rs nor lessened. If the
<br />rrstciration or repair is not r-anomicaily feasible car Lender" + securlty would lac lessened. the tasurartLe pro coeds shall be
<br />applied to the sums secured by this Security Instrumem, whober z r wit then dire. with any excess paid to Sorroictr_ If
<br />Borrower abandons the Property Or deer, not answer within *(l day€, a notice front Lender that the insurance carrier has
<br />offered tc. scrtic a claim, then Lend" ma v LVIje t the tnsur end c pr +icreats;. Lender may use the proceeds to repair or restore
<br />the Properly or to pay sums secured by this Sccuntu lnstrunwm. whether or rux then due. The 3} -day pc i x3 will lxgin
<br />when the notice is given.
<br />Unless Isnder and Ikrnow er otherwise agree in w feting. any application of proiee 1. ro principal snail not rueiid t
<br />postpczar the due date of the monthly payments rvirrrcd to in patairaphis i arm 2 or �hxngc the amount of the pacnients It
<br />under paragraph 19 the Proprrtt is acquired by Lender. Borrower's right tea any tnwrance pohctu, and proceeds r t_rulttrg
<br />frsmi damage t., the Property poor to the t�cqui S1aon shall pass riy Ladder 1,1 the "tent oftht sums ScLured by goes Securty 1
<br />Instrument immcdimeiy prior to the acquisition
<br />ti. Preservation and t3azatenance of properly; Ixsreholds, Horrcowcr ,hail not destroy, damage cot u xxantaai:y
<br />change the Prc +perry. , €low the Priperty to dote ie =rats ; -r commit waste if this S�e;;;rr:zp l tsirumrxit is imi a leasncold,
<br />Borrrm'er shall comply with thr piovtsicrrts cif the lease. and d Born %cr ar:ginres Fey title tit the Proper.y, be ieasehold and
<br />- -fee titir shali riot rmrgr unlrs> I ersdcr 4grcrr: too i he tnerger in K ritmg
<br />'. l"Mteetirm of lxndera [tights in The Property: ,'Mortgage Insurance. It Hcnrnvrr is €l% ]it prrforn: ahc
<br />FUvenanta and agrr.'cmcros cemtarned in ,?us Security ba_struirrnt, Or there is a it-tai proceeding that rnay - igrtrtSratatly IhC -
<br />Lender's rights to the Ptcalrerty }such Srs a ptocceding in bankruptcy_ probate, tar stiridnnnation or tin enlitrcc 'law, err
<br />rrRulatumsi. there L:rndrr may" d< :and pay for wtiateyer is necessary ter proteci the salur oaf the Properry" and [.rower's right,
<br />are the Prolrertp L.cndrr`s action% mar include playing any sums !sec urrd by alien which hAs priorov oto thin securov
<br />Ltistrer MA , apkiearrrsg an court, lying rea_sturabk attsiracys' fees and entering on the Pniperty tip make =.rPaacs .yttttough
<br />Lender may take a non uiidri this paragraph ', Lender does not have is do v.;
<br />Any amsrutiis disbursed h* Lender icrrdrr Chic paragraph'- shall k+etis�rmr,:,ia' €tt,.rxz,ti ,fcP,wt cif Iit3rr, =wet sj._1tn1 bs chic,
<br />senility Invtr,wnciit hhdevs ii wiowcr and I.endrr agree to other terms of ay "nirrtt, thr� aitict sea €, shrift tie. r
<br />p t dt illy (, is 4Y !i}fTt
<br />#Iii ;dyer .d atisi »tx rrirr'1i ,rt thn iV,n1r xdts: anri 'hall tit yalaie, with an!trc >t. ua i
<br />rrcluerrecng tt+iy rirr.i
<br />i s "' ; q t �+ "e. ti „rn l eritlri €, Fk i =a._ a
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