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IJNIFORM COVENANTS. Burrower and Lender covenant and agree as follows. 86— 104969
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due the
<br />principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note
<br />2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to
<br />Under on the day monthly payments are due under the Note, until the Noce is paid in full, a sum (''Funds') equal to
<br />one - twelfth of: ( a ) yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly leasehold
<br />payments or ground rents on the Property, if any; tc) yearly hazard insurance premiums; and (d) }early mortgage insurance
<br />premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the basis of current data and
<br />reasonable estimates of future escrow items.
<br />The Funds shall be held in an institurion the deposits or accounts of which are insured or guaranteed by a federal or
<br />state agency ( including Lender if Lender is such an institution y Lender shall apply the Funds to pay the escrow items. Lender
<br />may not charge for holdi ng and applying the Funds, analyzing the account or verifying the escrow items, unless Lender pays
<br />Borrower interest on the Funds and applicable law permits Lender to make such a charge, Borrower and Lender mayagree in
<br />wri ting that interest shall be paid on the Funds. Unless an agreement is made or applicable law requires interest to be paid,
<br />Lender shall not 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 which each debit to the
<br />Funds was made. The Funds are pledged as additional security for the sums secured by this Security Instrument
<br />If the amounr of the Funds held by Lender, together with the future monthly paymencsof Funds payable prior to the
<br />due dates of the escrow items, shall exceed the amount required to pay the escrow items when due. the excess shall bt% at
<br />Borrowers option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />amount of the Funds held by Under is not sufficient to pay the escrow items when due. Borrower shall pay to Lender any,
<br />Amount necessary to make up the deficiency in one or more payments as required by Lender.
<br />llpon payment in full of aB sums secured by this Security Instrument, Lender shall promptly refund to 11kacrower any
<br />Funds held by Lender. If under paragraph 111 the Property is sold or acquired by Lender. Lender shall apply, no later than
<br />immediately prior to the sale of the Property or its acquisition by L ender, any Funds heldby Lender at the time of applicatiusn
<br />JS 14 credit against the sums secured by this Security Instrument
<br />a . Application of Payments, lTnless applicable law provides otherwise; all payments received by Lender under
<br />paragraphs I and _'shall bt applied: first. to late charges due under the !Note. second, to 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, forrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br />Property which may Attain priority over this Seeturity Instrument, and leasehold Payments or ground rents, ifany Burrower
<br />shall pay these obligations in the manner pritvided in paragraph 2. or if not paid in that manner, Borrower shall pay them on
<br />time directly to the person uwedpayment Borrower shall promptly furnish to Lender all nuances of amounts robe paid under
<br />this paragraph If Borrower makes these payments directly. Burrower shall promptly furnish to Lender receipts evidencing
<br />the payments
<br />Borrower shall" promptly discharge any ben which has priority over this Security Instrument unless Borrower ta)
<br />agrees in w rot mg to the payment of the obligation secured by the lien in a manner acceptable ri Lender: (b? contests ingoocl
<br />faith the hen by, or defends against enforce -meat cif the hers in, legal proceedings which in the Under'sopinuin operate to
<br />prevent the enforcement of the lien or forfeiture (if any part of the Property, or ici secures frtarti the ftold r of the lien -an
<br />Agreement sit islacruryto Lender subordinating the lien to this Security Instrument. It Lender Clete, mines that any part of the
<br />Property is subject to a hen which may attain priority civet this Security instrument, Lender may give Borrowers notice
<br />identifying the lien Borrower shall satisfy the lien or rake shit or misre of the actions set forth above within It, days of the "
<br />}riving of notice.
<br />5. Hazard Insurance, Burrower shall keep the imprsiements now existing or hereafter trotted tin the Property
<br />insured against loss by fire; hazards Includ d within the terra exteu de d coverage and any ether hazards for which Under
<br />requires insurance. This Insurance shall be maintained in the amcxrrsts Arid for the pettod#s that Under requires. Ilse
<br />insurance carrier providing the insurance shall be cht)sen by Bo»ruwet subject te, Lender's approval which shall toot be
<br />unreasonably withheld.
<br />All insurance policies avid tenrwals shi =} oar eceeptable t.a let ie r art shall irlu a star) 3ardmsrrtgagecfauae. Lender
<br />shall have the right tit hold the. polictes and rrtsewals It Lendcr rrquxres, f#urowes shall prarnptis give tot l,erldcr all receipts
<br />of paid premiums and renewal thirties In the evrnt IA kiss, Borrower shall glue prompt naaiice to s; ;e insistance carrier and
<br />Under. L.encier may make prtxsf of lass it tour moat.• psttttptly Ill Wirrssver'
<br />listless Lender and Borrower otherweise agree its writing, insuraratr ptric"As shall be apphrd rtF sestcirats.inoar repair
<br />of the Property damaged, c1 the reatusation sir reftair tsetr +tx ;tsxwafly feasible and Under s security is ma, lessened if the
<br />restoration or repair Is nut econontKAlly feasible of fen€ r s secs tats e -troll hr rsxncd, tax insuratsar I +tonic is iF sll be
<br />applied to the sums secured by thus Set-urn) Instrultirm, whvthcrttt not then due, Wish any excess Paid -U Btutuwer If
<br />Borrower abandons the Property. or dt)es not answer within tt) days a Mutcc teens Lender that the srtvur3txv carrier has
<br />offered to settle a claim, then Ltndtr may collts t the insuranctpr._xtatsls I:ender may use the pr,xMls tO Mpatr -'it rest,=tttlse
<br />Property , +t to pay sums soured by this tiecuitry Instrument. whether in- not then due. The to -clay pers -i wt±i brpn when tine
<br />notice is given "
<br />II tiles$ t.ernlet and &Itttswvr orlicrw tse agree in xa it u*_ erry application sot pnxced, teapra><j sh4 tx,t cz c- ,'_.ar
<br />postpone the due dare of the nwilthly payments retetrosi it ar, paragraphs 1 and -"Pt ehangt- the ansi,urti , it the gasitstnt, If
<br />under paragraph N tlae Pruperry is awgstved lh Lender, Har,rtmct s sight to ant :nsatanct p nhues and prts yeti t •s,3tA`X
<br />from damage to the Pr)pert) prior ur the acquiytu „n sn'13 pas* it, Lender to file ezienr ref the 'urn. scnutcw m this Necunzly
<br />Instrument iminedtately prior via the acquisition
<br />6. Preservation and Maintettance of Property; Ussiehtilds• Kart,wer shall not desirt:y dansage ter iutxctattt 151Iy
<br />change the Property, allow the Property to deteruiratr t:r commit waste 11 rhos Scurvy Instrument ; i ,ors a lea,, Psi,lsi
<br />Burrower shall comply with the pti,vil,.Ins of thr icisc, and of Ii.xrtvwrr atquuet ,, fee title na the Pf.prrty. =4t leaseio, ld MTO
<br />fee tide shall test nserge unless Leader agrees tai the nxtger tot r.ttilog .
<br />7, Protection of lender's Rights in the Property; Mortgage Insurance, it Bcarr.wer falls -,, perfor:tt flit c..atttanss
<br />and agreements contained in this Security Instrument, sir there is a legal prcacreding that may sigmtaiandy altos= l eridet +
<br />rights in the Property ! such as a pnrterding in bankruptcy, probate, liar kondem nit arn car tcrto4,rae Lists o,r te} k ant ris t?Fru
<br />Lender may do and pay for what” er ss necessary ni protect the valuc of the Pro peril artJ It mien i nghr, set the Property
<br />l rOrr s Attmns may it%ludr paying any sums secured by a lten which has protein coyer thi, S" ere lmite r,itm lox r:aa ;a
<br />riitt, payonX tttat (table att1)tne5% fens And entering to the fitofwfiy ti, makc repair, Ahlv,ug,h Lt -olt•r )et ?sLi 40itiri
<br />.ruder this paragraph I , letuirr 1lics osof 11A ,v it, da, to
<br />Aar atrttictnts tlisburserl by l,rodri - si tit ihta 1 4r gfiaph � Ocall hot u t sdI i t oaf .ltl t r It ic, ac t u ei r t y
<br />?ezurrty lt,,,,ru €usent IWt-rs litter twit athl1 tixikt agHV t- >c414.9 trrnt+ # pavr,icn it< c .art lit, tt,.t.iy+r_r ant =cot t rr t;
<br />- aludiate„ I, itsburtenarnrattlu •iV +artateattslshallC+thay. tole, w• rthifrierx+, t_ sfr�tgxs. uttt.- .,t'l.e,t<tcsr..ls:r „+.ex ttts!�rts;
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