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UNIFORM C.oveN.yvTS Borrower and Lender covenant and agree as follow,: 8S_..a
<br />00230.
<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 it wruten waiver 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 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 be field in an institution the deposits or accounts of which are insured or guaranteed by a federal tit-
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow iterns.
<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 he paid on the Funds I :nlcss an agreement is made or applicable law
<br />requires interest to be paid. Lender shall not he required to pay BorroNlwr 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 utth 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 field by Lender is not sufficient to pay the escrow items when due. Borrower shall pay to Lender any
<br />amount necessary oaf make up the deficiency to one or more payments as required by Lender.
<br />Upon payment to 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 otherwise• all payments recci%cd by Lender under
<br />paragraphs 1 and 2 shall he applied: first, to late chargtw due under the Note; second. to p- epayment :barges due under file
<br />Note; third, to amounts payable under paragraph 2; fourth• to interest due. and last, to primipal due
<br />d. (7wKs; Liens. Borrower shall pay all t yes, assessments, charges, fines and unpo,tuons auributahle 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 of the manner provided in paragraph 2. or if'not paid eft that manner. Borrower shall
<br />pay them tin time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph. if M)rro%Acr makes these payments directly. Borrower shall promptly furnish I,i Lender
<br />receipts evidencing the payments
<br />Borrower shall promptly discharge arty lien whtclt has priority over tills Secunt% Instrument unless Borrower fill
<br />agrees tit writing t., the payment off he ohhganon secured by the hen Ito a manner acceptable to Lender: f h) contests fn good
<br />faith the lien by. or defends against enforcement of the licit in. iegal proceedings which in,, the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any part of the Property: or (c) secures front the holder',( the lien an
<br />agreement satisfactory to Lender subordinating the licit to this Security Instrument. If lender deterntnes that any part of
<br />the Property n subject to a lien which may attain priority o%er this Security Inorurnent. Lender may gicc Borrower :o
<br />notice Identifying the lien Borrower shall satisfy the lien or take one or more of the actlons set forth atIMC wathnf I ft day s
<br />of the gtvtng of notice.
<br />S. Hazard Insurance. Borrower shall keep the nnproi,et wt^ now cxnnni: or hctcaliet crcricd nn the Properiy
<br />insured against loss by fire. hazards utcluded within the term "eitendcd :over :age "and any other hazards for which Lender
<br />requires insurance. "i'his insurance: shall tie maintained in the antorunts and for the periods that Lender requires life
<br />Insurance carrier providing the insurance shall he chosen hs Borrower sullicct To Lcndcr's ;ippro%al whtclt Sliall not he
<br />unrcasonahly withheld.
<br />AIL insurance policies and renewals shall he acceptable to Lcuder and ,hall include a standard mortgage clau,e.
<br />Lender shall harc the right to hold the policies and renewals !f Lender requires. Borrower shall prvunptfy disc to Lender
<br />all receipts of paid premiums and renewal notices. in the client of loss. Borrower shall gnv prompt notice to the Insur :fncc•
<br />carrier and Lender. Lcndcr may maker proof of lens d'not fnadc prornpth by Ilorrowcr
<br />[.:nfe%% Lcndcr and Borrower otherwise agree of a sting, tnsuranc e prOCCUds shall hC ipplICd to restorataon Of rep;ur
<br />of the Property damaged, if the restoration or repair I% economically fcasthic :lilt] Lender's security is not lessened. If the
<br />restoration or repair is not economically feasible or Lender's security would he iessencd. tile msuran:c proceeds ,11;111 he
<br />applied to the sums secured by this Security Instrument, whether or not then duc•, wth any e.yccs, paid to Borrower If
<br />Borrower ahandons the Property. or does 11411 answer within 10 doss if notice front I ender that the In,Ilran ,c CXTlef h,as
<br />irff'crcd to settle a claim, then Lender may collect the insurance pros Beds Lender ma) use the proceed% to repair or re,tore
<br />the Prc +pony or to pay sums secured by tins Security Instrument, whetlier or not then dice The ?fbd.o, in rfod wait hcgin
<br />w hen the nonce is fan en
<br />Unless I ender and ilnrrower otherwise agree in writing, am apphiatifm of pro'e•c'ds u, princip.0 shall not oNlend 1,f
<br />rnwtpoaone the due date of he rm,nthl% piwricros referred to in paragraphs I mud _' :n change the amomit .dlha pao nacnl, It
<br />under pvfagr,sph ,cf fhe i'rogvm. 1, acquir"I by Lcuder. Berrower's Fight to.fuy oisuliul'v pohrles and proeceds I. %falling
<br />from dafnage to the Property prior to the acquismon shall pass to Lcndcr t1, the i Item of the runts secured I,N this Securuy
<br />Instrument tirmed)atcly prior to the acquisition.
<br />b. Preaervalion and Maintenance of Property: Leaseholds. Borrower shall not destroy, damage or ,uhst;inually
<br />,hangs the Prnperry..iilow the I'mpo'rt} t„ drteru,rate or coovium waste If thi, ,,, inn 111,11 Mocol I, '.n .1 L :anh'Jd.
<br />Bortower,hall coinjlly with tilt. pm,i,b r1, of file Ica,., end it Ilofrnwt•r .tcquire, Ice title w the 1'rnl,1 t1�. ille ieeschois .111,1
<br />fee !tile shall nut nfcrge unless Lcndcr agrees to the iocfgcr In witting
<br />�. Protection of Vender'-4 Flights in the Property: %fortgaitc In,uruncc. 11' Borrower Iml, to h<•rfinm ;he
<br />cfo4eftantw grid agrcenfents i++ntalncfJ fft Ifus Security Instrument or thole Is .1 Icgal pfn, CC&Fitz 111.11 nlav sl lutir:Intl, ,111,, :1
<br />Lcndef'+ rights sit the Pfiojnrrty (such as a proverdmg 111 1,ankruptry. probatc, 1'11 l'itldCltlrfalli,ll 1'r to cnti,rc: laaas , i
<br />regul:allons), nccn I.ritdet retas do amt pail toll w'halvycr r, necessary to pfolect Ore ,alue of the I'toperl, and I <ndei Iikthrs
<br />to the Pro netts I clidet s 11014M, ro ay lmlude j"oIllig ally 'ton, ,ee' tired 1,1 ,1 hell will':. 11 imN 1111i111V t.'1vl lll,s',et. u111,
<br />Instrtinscnt, ,app e,4nng tit court, pay nag reasaxf able atlorncys, tcew and cntcrinp; on the )'r,q'erl, to make rep.ul AIih;'up�h :
<br />Lcrxler may take' action undvT this iraragraap,h 1. f Crider don's 111.1 h.o v r„ de so
<br />Ao I' arttounr „ltshlIf ded hi I , I dct I ncfe•r elm pal ag rap h ' shad ht:( Inc O LtIona i I N t iiot I �'w''1 v% 111 e,l he I is
<br />tiec.urov lns9rtenwm l ii li„ fluff' wee an11 I ender igiee lo,fli t Icon, I paeunn hr,e n nnl,.h 111 h'.11 ti t, 1�_st 1. Ia
<br />thr'MI gl diyhui•e�taarnt at Oho V'Ir <ato �I nl '.)tall Inc i,lie bile. 'N I'll u'Itir r,.•wri t
<br />ells "trig p1,1�m, tit
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