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86.-- 105436
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due
<br />the principal ofand 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
<br />to Lender on (heyday monthly payments are due under the Note. until the Note 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; (6) yearly
<br />leasehold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortgage insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds due rm the
<br />basis of current data and 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 institution). 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. Borrower and
<br />Lender may agree in writing that interest shall be paid on 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 earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by
<br />this Security instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to
<br />the due dates of the escrow items, shall exceed the amount required to pay the escrow items when due, the excess shall be,
<br />at Borrower's option, either promptly repaid to Borrower or 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 flay to Lender any
<br />amount necessary to make up the deficiency in one 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 19 the Property is sold or acquired by Lender, Lender shall apply, no t ,ter
<br />than immediately prior to the sale of the Property or its acquisition by Lender, ate Funds held by Lender at the time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />3. Application of Payments. Unless applicable law provides otherwise. all payments received by Lender under
<br />paragraphs 1 and 2 shall he 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. Borrower shall pay all taxes. assessments, charges. fines 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 '_, or if not paid in that manner. Borrower shall
<br />pay them on time directly to the person owed payment. Borrower shall promptly furnish in Lender all notices of amount%
<br />to be paid under this paragraph. If Borrower makes these payments 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 lien in a mariner acceptable to Lender: (b) contests in good
<br />faith the lien by, or defends against enforcement of the hen tit, legal proceedings which ui the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any part of the Property: or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the hen to this Security instrument. If Lender determines that any part of
<br />the Property is subject to a lien which may attain priority over this Security Instrument. tender may give Borrower a
<br />notice identifying the hen. Borrower shall .satisfy the hen or take one or more of the actions set forth above within 10 days
<br />of the giving of notice.
<br />5. Hazard Insurance. Borrower shall keep the improvements now c.yisring or hereafter erected on the Property
<br />insured against hiss by fire, hazards included within the term "extended coverage" and any other hazards for which Lender
<br />requires insurance. This insurance shall he maintained in the amounts and for the periods that Lender requires The
<br />insurance carrier providing the insurance shall be chosen by Borrower subject to Lender', approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall loe acceptable to Lcnder an f shall include it standard mortgage clause.
<br />Lender shall have the right to hold the policies and renewals. 11 Lcnder requires, Borrower shall proinptl give to Lender
<br />all receipts of paid premiums and renewal notices. In the event of loss, Borrower shall give prompt notice io fire insurance
<br />carrier and Lender. Lender may make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree to writing, insurance proceeds shall he applied to restoration or repair
<br />of the Property damaged, if the restoration or repair is economically feasible and Lender's security is not lessened. if the
<br />restoration or repair is not economically feasible of Lender's security would he lessened, the insurance proceeds shall be
<br />applied to the sums secured by this Security instrument, whether or not then clue, with any excess paid to Borrower. If
<br />Borrower abandons the Property, or does not answer within ?0 days a notice from Lender that the insurance carrier has
<br />offered to settle a claim, then lender mat collect the insurance 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 duel he 30 -day period will begin
<br />when the notice is given.
<br />Unless Lender and Borrower otherwise agree in writing, any application :,i prxeeds to principal shali not e itend or
<br />po mpone the due date of the monthly payments referred to tit paragraph, I and _' or : hange the amount of the pay nrenis if
<br />under paragraph 19 the Property is acquired by Lender, Borrower's right to any in,UranCe policies and proceeds re,ullmg
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extent .S the ,urns secured by this Sec urn,
<br />Instrument immediately prior to the acquisition
<br />6. Preservation and Nlaintenance of Property. Leaseholds. Horrowcr ,hall not dcstro damage or suhsiitwially
<br />change the Property. allow the Property to deteriorate or commit waste If this insirrtnent is on it leasehold,
<br />Borrower shall comply with the provisions of the lease, and if Borrower a :quires f.e ti! is to the Property. the leasehold and
<br />fee tiUeshall not merge unless Lender agrees io the merger to writing
<br />7. Protection of Lender's Rights in the Property; \lortgage Insurance. If Borrower fans to pertorm !hr
<br />covenants and agreements contained in this Security Instrument. or there i,.t lrgai pro:cedme that may s!gmficmtily .Wc,,
<br />Lender's rights in the Property (such as a proceeding in hankruptcy. probate. f� . o'lideninau o
<br />on r to enforce l:iw,
<br />regulations), then Lender may do and pay for whatever i, necessary to protc:i the %slue of th; Propci!v amt 1 ender , nett!'
<br />in the Property Lender's actions inay include paying ally sums secured by .i !tell who, It Ira, pnorit, ,'I i tb , *,r,w!1,
<br />Instrument. appearing in court, paying rtasonabie attorneys' fees itrid anyone on the Propcllt a" risk: repair, \Itt,.. "Z:1
<br />Lender may take actron under this paragraph Lender doers not have toot,,
<br />Any amounts dishursed by Lender under this paragraph ' ,hall heronw addni,�r,al &N -,r it„r \k CI ,, ! ',, tit,,
<br />Security Instrument Vtllcss Brrrouer and Lender agree t., other teens M pavmen! :.urn +c, :!, ii i., o ,., n•,( !t .:n;
<br />the date of dishurwinew a the time rte and ,hall hr pa%af,ic u t _ .; st `m ,. 1 I, ;, tio, r•,wc
<br />requesting payment
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