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UNIFORM CM Itti.A N IS. Borrower and Lender covenant and agree as follows: 85
<br />1. 0013 @7 �
<br />t. Payment of Principal and Interest; Prepayment alto lute Charges. Borrower shall promptly pay when due
<br />the 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 writtc E. o cr by Lender, Borrower shall pay
<br />to Lender on the day monthly payments are due under the Note, until the Note is paid ir, full, a sum ( "Funds ") equal to
<br />`r one - twelfth of: (a) yearly taxes and assessments which may attain priority over this Security Instrument; (b) 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 on the
<br />basis of current 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 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 fit writing that interest shall be paid im the Funds. Unless an agreement is made or applicable law
<br />requires interest to he Palo. Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower. "''thou[ 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 />It' the anrwnt of the Funds held by Lender, together with the future monthly payments of Funds payable prior to
<br />the due dates of the c,cruw Items, shall exceed the amount required to pay the escrow items when due, the excess shall be,
<br />at Borrower's, pox,.,, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />amount of the Fnnd, held by Lender 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 />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 asa credit agalnsr the sums secured by this Security Instrument.
<br />3. Application of Payments. Unless applicable Law provides otherwi%e, all payments received by Lender under
<br />paragraphs i and 2 shall he applied: first, to atnounrs payable under paragraph 2; second, to interest
<br />r due; and last to principal due.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments. charge-,, . =Ines and irnposnions attnbutable to the
<br />Property which may attain priority over this Security instrument. and leasehold payments or ground rents, if any.
<br />no
<br />Borrower shall pay these ohligans ill the manner proytded In paragraph 2. or 1f nor paid in that manner, Borrower shall
<br />M them on tittle dtrectiv to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to he paid under this paragraph. If Burrower makes these payments directly. Horrower shall promptly furnish to Lender
<br />receipts evidencing life payments.
<br />Borrower shall prompt] discharge ally" hen which has priority Oyer flu, Sccurify instrument unless Borrower: (a)
<br />agrees ill "rinng In the payment of the obligation secured by the hen in a manner acceptable to Lender: (h) contests fit good
<br />faith the hen b%, or defends against enforcement of the lien in, legal proceedings which in the i.cnder's opinion operate to
<br />prevent the enfilrcernenl of the hen or torfenure of am part (41 lie Property. or (c) secure, from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the Iten to this Security Instrunienr. if I ender deterinines that any part of
<br />the Properiv I% suhlecr to a lien which may attain priority over this Scd unto Instrument. Lender may give Borrower a
<br />notice Identifying life lien Borrower shall satisfy the hen or take one or more of the a,, nuns set forth aho ve within 10 days
<br />of t he giving of nonce.
<br />S. Hazard Insurance. Borrower ,hall keep the unprooenlents no%% trslsung or hc€cafler erected on the Property
<br />insured against loss by fire, hazards included within the term "extended cool crage" and any other hazards for which Lender
<br />requires insurance. i'his Insurance shall he maintained in the arnounb ;Ina fi,r tile• Ile•r1od% that Lender requires. The
<br />Insurance carrier prm6ding the Insurance shall he chosen by Borrower stlhlecl to Lender's appro% "al which shall not t*e
<br />unreasonably withheld
<br />All insurance policies and renewals shall he acceptable Vol Lcnder ,,rid ,hall Include a standard mortgage clause.
<br />Lender shall have the right to hold the pohcics and renewals. If Lcnder require,, liorr00%er shall promptly give to Lender
<br />all receipts of paid premiums and renewal notices. In the event of Ins%, Borrower shall give prompt notice to the insurance
<br />carrier and Lender Lender may make preltlf of loss if not made promptly by Harrower.
<br />Unit%% Lender and Borrower otherwise agree fn writing, Insurance proceed,, %hall he applied to restoration or repair
<br />of the Property damaged• if the restoration or repair is economically fea%lhle and 1 Onder'% %ecurity 1% not lessened. if the
<br />restoration or repair 1s not economically feasible or Lenders security' would I,e lessened, the insurance proceeds %hall he
<br />applied to the sums %ccured by flit% ticcurtty instrument, whether or not then dale, with any excess paid to Borrower. If
<br />Borrower abandons the Property, nr dons not answer within ;0 dav% a notice froth Lender that the insurance earner has
<br /><iffered to %eftle;l cldirn, then Lcnder may" collect life insurance proverds 1 Older Inlay use the proceeds to repair or restore
<br />the Property or to pay ruins %ecured by till% Szcllnty Instrurnenl. whether or not then disc. 1-fie ?0•day periool or r hegira
<br />whe61 the notice I% gl%elt
<br />I flie %, I.cllder and Borrower t,l lief w'i %C :1 �, re'e it, wrtnrlg, any ;application oI procct -d,, it) principal shall m.,l extend or
<br />r —tpone the due dare of the monthly paynivilk teferred to in paragraph" I and : or d hallec the amount of the payalc•nt It
<br />under paragraph 19 the I'rolxrty t% acquired by Lcnder, Horrow'er'% tight it, ;any Insurance policies ;'fill proceed, re%ulillig
<br />f'fnrll damage Its the Property prior to the ac•qul%mmi %hail pas% to I "ender Io the t °sfrm ,d rho ruins %rcurcd by lift Secrlrn%
<br />Instrumenl nnnlediaivl% prior to the acqul %itu,n
<br />6. Preservation and Maintenance of Property: Leaseholds. BorrowOi •J6all n ,t dcstrrn. d:nnage or %ut +sfanxnlilo
<br />'han€re lb". Property, allwA fill- 1'mperxv 1„ deterwrate or conxrnrr oy:i%It If fh,% Sr,.urit% Insrl'unient I, on a 1c.1whold.
<br />Horroweer %hall e t,ritpl% "fill fife pto%I,,rnns trf the lVa%e. and If Holrower a gtnra•% trO till" In fife I'roperly. the leasehold and
<br />fear fif ie %hail not merge Illily %% i cadet agrees to the rrlr.rger In w'reung
<br />�. C'rntectfnn of i.cnder's Rights in the Property': Mortgage Insurance. It Hotrnwel Gall% t„ peri(tril) the
<br />iCRt "r }a681 %;ltld :1�'r!,'N i1BPRt %Ct,nf :tlneel Ill flt6, Secunty lwormiletit_ or there I, a Iet;al I +a,+rOedmtt that Hole ,Ip;nrtiea66tIY ;641¢•¢'4
<br />R ender'', x11,14% ill thr Prni,c•riy fuicll .1, ,t I+ro<rrdnlp nI hiulkluptCO, pf"hole. },,c ,ruar6nn:1r6un ur fn ,nficall talc%
<br />egulafu>rl%). "hell 1 c'udcr nuly ao and tern" f� +r "tcltzc¢ r Is nee:cs%an t., i +roR�it tilt, o;lluc of tilt- Pn+petfc ;and 1 cndel's right,
<br />ill file i'rrgwlfy [Center` %actions ncr• tilt tilde pacnle any sntn%,t•ruted Illy a GCn "hlril has pllonfy t,%el ills Srrullrc
<br />Itls9a,s6ne °eat. s11 _,,one m t„urr 1 avng, rte; mU ihlr a forte%%, iris; rld <nttranp M El,:' 1'eule•rtr i,+m:6kc ICp;nr, tfth,nblt
<br />1 Ondcr rosy fdk t na,n auldL.s tin f,arlural h [ Critft l dew', illy 11,1'r r, ¢h.
<br />-ir v unl'n1er4, r1l %{,ae %tti by I rndirr undea Ill•. haulerat,h ",hail 1w, nr,lc,IJ,lllual.lt,ier,l .'P Ion :tr',dta %rrsalrtt to Ehl,
<br />b _l,a I: .runt. rat I rlr %k i�t�rr .dlr nnJ 1 rn<h'f , pr"t' I,�„
<br />life l •t l Il' E I, dll_."t ,S nI�+ I:III lv',al "'It PI',.1 Ilt„la
<br />tat a%E r t%rfus'r,t a ;h.
<br />rat Icn, ,trth r,�rr� - ".1 ,vi �,,•h +� �I�nn Irn,lrt Itira ,,`dd VI
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