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a5.-- 002536
<br />UNIFORM COV ENANTS. 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 />file 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
<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 />cme- 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 held in an institution the deposits or accounts of which are insured or guaranteed by of 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 he paid on the Funds. Unless an agreement is made or applicable law
<br />requires interest to be paid, Lender shall not he 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 &xrower'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 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 191he 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, :u y Funds held by lender at the time of
<br />application asa 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 be 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 (Inc.
<br />4. Chargm Liens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br />Property which may attain pnonty 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 inanner. Borrower shall
<br />pay them on 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 Borrower makes these payments directly. Borrower shall promptly furnish it) Lender
<br />receiptsevidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority mer this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to I ctider: ih) contests in good
<br />faith the lien by. or defends agatr�; cnfircement of the lien Ili. legal proceeding% 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 from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that acv part of
<br />the Property is subject to a hen which may attain pnonty over this Security instrument. Lender may gee Btrn,wcr is
<br />nonce identifying the lien. Borrower shall satisfy the hen or take one or more of the actions set birth abene %%Ono )O days
<br />of i hr giving of notice.
<br />S. Hazard Insurance. Borrower %hail keep the improvements now existing or hereafter erected on the Property
<br />insured against ho%%by fire. hazards included within the term "exiendtd 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. I he
<br />insurance carrier providing the insurance %hall he chosen by Borrower subject to Lender'% approval which shall not he
<br />unreasonably withheld.
<br />All insurance policies and renewals shall t!c acceptable to Lender and shall include it standard mortgage clause.
<br />Lender shall have the right to hold the )rolicies and renewals. If Lender requires, Ilrrowc. hall pro lipth give to Lender
<br />all rc-eciptsof paid premiums and renewal notices. In the even of loss. Rorrower shall give prompt notice to the insurance
<br />carrier and Lender. Lender may make pro tsf of loss it' not made promptly by Borrower.
<br />Unlc-.% Lender and Borrower otherwise agree in writing, inuurance proccceds shall ht applied to restoration or repair
<br />of the Property damaged, if the restoration or repair is economically feasible and L.cuder'% %county i% not lessened. if llte
<br />restoration or repair is not economically feasible or (sender'% security would be lessened, the insurance proceeds shall Ic
<br />applied to the sum% secured by this Security Instrument, whether or not then due, with any exctws paid to Borrower. It
<br />Borrower abun d+ms the Property, or dories not answer within 3() days a notice from Lender that the insurance carrier ha%
<br />(4ere+d to wti a claim, then lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore
<br />the Property tit to pay %unts secured by this Security Instrument, wilether or not then due. The 30-day period v +ilE hegtn
<br />when the notice I%gi+en.
<br />UnIcssf,criderand Borrower otherwise agree Ili writing, arty application of proceeds to principal %hall fled c%Iend of
<br />P1111,11pime the due date of the itionthly payments referred 10 In paragraphs ) and 2 or change the amount of the p €tyrnent%, pt
<br />undet paragraph I9 the Property )s acqutrOd by Lender, Borrower's right to any insurance policies acid pns�, -,ds resulting
<br />from damage to the Property prior to file acquisition shall pas% to Lender to the extent tit the %Mitt% wcurcd b ` y flit% ccuritt
<br />Instrument immediately prior to the acqui%mon.
<br />b. Preatrra# inn and Maintenance of Property; I.easeholdro. Ik,rrawcr %f1a11 n„t dcstny. ,lantaarC 1jr cubsrattt.fiit
<br />change the Property, allow the Property it, drierforale tier cotnnnf waste It flit% Security Inslr.iaftent 1s 1111 a iCisehold.
<br />l3trro wer %hall comply with file provisiotns of the lease, and If liommel arqutiC% fee Utle to flue 11tolcrty, the )Casehold :nt,l
<br />fretilleshillinto merge unless 1 ender agrees to the merger to 1-r itlog
<br />7. Protection of lxmkt'w Rights in the Property; Mortgage insurance. It '.orronCr !cols to pviimm + ?t.
<br />covenaotsand ngreement%ctinial"ell Ili thi%Security lit %lit rtienf, or throe a %a iega11�1 "''chin} Olaf 111.1% sip itilic:tntk afh-, t
<br />le r`% rights to the Property {such its proceeding to bankruptcy, prohalr. i,r rtnulCnuiatuln 1r t,1 c'tli�nrr IaH% rt
<br />rsgullttrcttrtt), then Lender may alnand pav for whatever i%notr %racy f0 ptoles t flit! %ague „t the 1'rolwrfy and I cildcl , zwhf•
<br />rn the Property. Lcu der's actnrttx may include paving :toy sum% %e, uratl ht .i lien uittCh ha% i *r1 ,ally .,,Cie 1111, >r. of ire
<br />Instts€tnasnl, appeartrttt tit court, 141ying reasonable at for ney%' to %and rniCtsnpp oit the 11torwrfy 1,, ftulkC t palls ,1I1M.ntp.h
<br />I ago r smay take twin lot under tins pa►wigraptt "t, I.Cntlel tltes oil ha,c• n� tlo %o
<br />Any arefillzun1%disbuiwd by I eridet uffdvi fill% paragraph " N!"111 hccooly alddltlollji deht ,I !till W t%O 1cc,tted ht riu%
<br />tittty IFWFOReetll !_`ltf 1kxtowermid I votler agree to wher 1,11 fill, li,nnfenf Ihc,r.l1nr111 -o t.th !seat micrent I 11491- 4 dtshata%crnenr it flit' N„fe rafr Mid %)t,111 hr h�,ay,ttdt, wOl <Wl icsi,
<br />r e duce Poo pa y "trill
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