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UNIFORM COVFNAN I-s Borrower and (_ender cuven:ini snol agree as fall(,", 85-0007.34
<br />I. Payment of Principal and interest; ['repayment and Fate Charges. Borrower shall promptly pat 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 ,• giver by Lender, Borrower 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 of (a) yearly taxes and assessments which may attain priority over this Security lnstrumcnt (b) reach
<br />leasehold payments or ground rents on the Property, if any; (c) yearly premiums; and (dl crirh
<br />hazard insurance
<br />mortgage insurance premiums, if any. These items are called "escrow items."
<br />basis ofcurrent data and reasonable estimates of future escrow items. Lender may estimate the Funds due on the
<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 uems.
<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 interest shall he paid on the Funds. Unless an agreement is made or applicable tau
<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 allot t he
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sum. secured be
<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 su0icient to pay the escrow Items when due, Borrower shall pay to Lender grit
<br />amount necessary to make up the deficiency in one or more payments as required by due, B .
<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 later
<br />than immediately prior to the sale of the Property or its acquisition by Lender, any 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 other%%iw. a!1 pay meats received by Lender under
<br />paragraphs 1 and 2 shall be applied: first, to late charges due under the Note: second. to. rtrepaymenI charges due under the
<br />Note: third, loamounts 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 Ihis Security instrument• and leasehold payments or ground rents. of ant
<br />Borrower shall pay these obligations in the manner provided in paragraph 2, or if not pard in that manner. Borrower shat!
<br />pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to he paid under this paragraph. if Borrower makes these payments directly. Borrnrser 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 Borrou'rr (a)
<br />agrees in writing to the payment of the obligation secured by the lien In a manner acceptable to Lender. (h) contests in ecx,d
<br />faith the hen by, or defends against enforcement of the lien In, legal proceedings which lit the Lender's opinion of crate to
<br />prevent the enforcement of the lien or forfeiture of any part of the Property; or (c) secures Imrn the holder of the hen to
<br />agreement satisfactory to Lender subordinating file lien to Ibis Sorority lnstrumcr,t. If Lender dctcrn hold r o :tin part nj
<br />the Property is subject to a lien which may attain priority over this Security Inctnnrcnt, i ender ma)' cnc B;,rn,sver a
<br />notice rdenhfytng the lien Borrower shall satisfy the hen or take one or more of the acu,uts set forth ahmr within Ill,lat,
<br />of the giving of notice
<br />5, Hazard Insurance. Borrower shall keep the improvements now cxtstlnp or hereafter erected on the Prnpc•rty
<br />insured against loss by fire, hazards included within the term "extended coverage" and .1 oilier hazards for u hir1: I cn.icr
<br />requires insurance. This lu%urance shall he maintained In the amounts and for the periods that i ender -quires 1iv
<br />insurance carrier providing the insurance sham he chosen by Bonowcr suhttst to 1 ender', approvai nhich s!,;tll n„t he
<br />unreasonably withheld.
<br />All insurance pollcles and renewals shall be arceptahle t Lender ant; shall ill, ;ude a standard mortp iF v clause
<br />Lender shall have the right to hold life pohctes and renewals. if Lender requires. Borrower shall prompth }aye r, Leit +;cr
<br />all receipts of paid premiums ar,d renewal notices. In the caenl of loss, Borrower shall pnc prompt notice to the utsurarca
<br />carrier and Lender. Lender may make proof of loss If not made promptly by Borrower
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall tx applied to restoration or repair
<br />of the Property damaged, if the restoration or repair is economically feasible and i.cnder•s security is riot lesscnr,! 11, ti,e
<br />restoration or repair is not economically feasible or Lender's security would he Icssenrd, the insurance prrkeeds s}iai' he
<br />applied In the sums secured by this Secunth Instrument, whether or not then due, with any excess part., to ii„rrrwer 'f
<br />Borrower abandons the Property, or dues not answer within 30 days a notice front Lender that the Insnr ice tar cr t:;,f
<br />offered pt settle a claim. then ! Winder may collect the insurance proceeds [.ender nnv nse the pna crds to rcp,tr• t•r rrslrrt
<br />the Property or I + pay ,urns se ured by th,s .'sccurtty Instrunic•ni. whether or not then due. 1 he 0.da, period turd ',rein
<br />when the. ne�tiaelsgrve'n.
<br />Unless Lender and Borr„wcr otlicnylse at;rec m wntinp, any Ipphcatr,.,n of praateds :o prtncrl +al shai! nru r +t n,f
<br />p €islparne ;he due date of the monthly payntenrs referred It, to paragraphs i and ' or chance tl,r amount ol'1',r pat ntrr
<br />tinder paragraph 19 the Property Is acdaured by Lender. Borrower's light In any naurancc pulls its and pn.rreds res rl��,�
<br />from darriage to [tic Property prior in the acqulsrta „n shall pass to I'Clider to the extent ,(Clue toms sand l,l i•y t4k
<br />Instrument immediately prior to theacquisuu,rt
<br />6. Preservation and Maintenance of i'rnperly; isasehrslds. It,,lr,,ucr sh: +ll n,•t drs:r ,y. (1.1111.11:e or
<br />subst:o,u,ti;,
<br />change the Property, allow the Property to cictcnorate or commit wife if' HIM tircnraN lnslrluncnl is on ., Irasrh�•4!.
<br />Borrower hshall comply with the pit »istons of the leilac, and II Flarrt,w rr ac o!uir,s Ice tale I- the Porvi y, tile leas, hold ,in,i
<br />Fee title shall Writ titer(,” killles•; Lender agrees to tlzc mailer In wrlrtr,."
<br />7. Protection of L.ender's idighl:c in the Properts: Mortitage Insurance. it I'sorrower I;uls !,, pr;ry,,;rt Ir,t.
<br />Lcrid eats and agrcere pts prItN (such in Ibis tircnrnc (nsu um <nt. „r their r, a G e.:,I ;•n•rrcthns; Ittal nta� •al:nilicantlt ,Ill: rt
<br />[.ender', rtphtr, m the Property plocredutl' ill I +anklnl,tct, pft,h.u, for „n lrmnaUOn ar n rnfi,rir Loa•, ,•r
<br />ul thettonsj, them Lender may do end pay l u luucv •r nc. r.s,u c t. +p; acct II . e n, „!'the Pr „perh .Intl 1 rnJ: • , •;•:!.;.
<br />in the f °rcrtxrsy Lr•ndcr -. ;u:tnon, iav it, u I paymp ;u�r .ins ,
<br />Intirnmrnt, ;tppcartnc to (*"'Ill' c t il .c utonu ?s rt rr t I,t r in n Which ha,. I +uor,tt ,,,r ih,•. �„
<br />It _ :rnr rnirr lie I a 'hr l'i;y„ r•t rr make i rt, _:I S -Nitl�
<br />Lrrt< }er ntay r tkr acaon nnclr t t!us p t
<br />I'll . 1 :•r. It r ,r rs n, r ha,, tt 9, s,•
<br />Ano, itrtlrnutt dlµl,ur•,.d by I cndrr unil, r till opr.t l.h ” �, , +�I 1 , rtr at1dol"nai ,l,•hl .,I lt,';;,�o cl ,
<br />Secul.ty ln,trururnf l n ,
<br />i .� Brunnt •I ,onl I t Oct , ,r�o,• I„ �yhrr r
<br />Cite dJlr r f tfi4t,llr SC'fnr' Ill ;11 ICI
<br />req'ic"tuipl:;t,rnrul Ill, Beni, llur nu) •,iilll hr I n:;I,h• „ h �r,,r.i .I,. r r,.n 1 _�,iri �
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