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UNIFORM COVENANTS. 8"VoWer and L, partpgan >ijc°vtenantesgreeasfollows: e� Q sood the principal ofand interest as the debt evidenced Borrowers shall p OmpOtlPr gn due
<br />I Ftsstds /or t>rutss>y the and any Prepayment and late charges due under the Note.
<br />to Id' on the day month! Subject to agplicatne law or to a written waiver by Lender, Borrower shall pay
<br />o I dRh Of.' e Y Payments are due under the Note, until the Note is paid in full, a sum ( "Funds ") equal to
<br />k Old Payments a (ground tents ena>nn the Pr which, may attain priority over this Security Instrument; (b) yearly
<br />Property. tf any; (c) yearly hazard insurance premiums; and (d) yearly
<br />bask anreasonable. i� if -y T ids are c+llod 'escrow items." Lender may estimate the Funds due on the
<br />`estimates offutUre escrow items.
<br />state +ltehe Funds shall in institution the deposits or accounts of which are insured or guaranteed bye federal or
<br />(including ll odes is such an iisundsionj. Lender shall apply the Funds to Pay the escrow items.
<br />Liarlder �Y not charge for list oft ' e applying the Funds analysing the account or verifying the escrow items. unless
<br />Leorider Pays Borrower interest qa the Fttnds and applicable lase permits Lender to snake such a charge, Borrower and
<br />Lender say agree its writing that interest shall be paid on the Funds; Unless an a
<br />requires interest to be paid, Lender shall root -be tired to agreement is made or applicable law
<br />shsUgtveto Borrower, without c Pay grower any interest or earnings on the;Fuds.- Lender
<br />Purpose for which each debit to the FuuF oils annual accounting F Fund.; the Funds showing credits and debits to the Funds and the
<br />Security Instrument, pledged as additional security for the sums secured by
<br />If the amount of the Funds held by Lender, together with the future month!
<br />the heron tlauxof the escrow items, shall exceed the a Y Payments of Funds payable prior to
<br />amount required to pay the escrow items when
<br />e due, the excess shall be,
<br />Borrower's et} promptly repaid to Borrower or credited to Borrower on month]
<br />amount of the Funds he'd by Lender is not sufficient to pay the y payments of Funds. If the
<br />escrow items when due, Borrower shall pay to Lender any
<br />atnensnt necessary to make up the deficiency in one or more
<br />Fund
<br />UPON PRYri>e+rt in full of all sums secured by this Security Instrument Lender sdhall promptly refund to Borrower
<br />than immod atd� Lender. If under Paragraph 19 the Property is sold or acquired by Lender, Lender shall apply, no later
<br />Y Prior to the sale of the Property or its acquisition by Lender, any Funds held 6y lender at the time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />3' ApplUestials of Paysnessts, Unless applicable law provides otherwise, all payments received by Lender under
<br />Paragraphs I 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 due.
<br />4- CININUM IANNIL 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 2, or if not paid in that manner, 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 parag . if Borrower makes these Payments directly, Borrower shall promptly furnish to Lender
<br />receipts evidencing the
<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 manner acceptable to Lender, (b) contests in good
<br />faith the lien by, or defends against enforcement of the lien in, legal 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 from the holder of the Lien an
<br />agreement satisfactory to Lender subordinating the lien to this security Instrument. if Lender determines that any pan of
<br />the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a
<br />notice identifying the lint. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br />of the giving of notice.
<br />S. Hasard Itsairlaiee. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the term "extended coverage" and any other hazards for which Lender
<br />requires insurance.
<br />carrier priding the insuraances be the chossennby gamounts er subjectototLender's approvaLender hich shatll not be
<br />uinreasonably withheld.
<br />All insurance Policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br />Lender shah have the right to hold the policies and renewals. If Lender requires, Borrower shall promptly give to Lender
<br />all receipts of Paid Pfemtumsand renewal notices. In the event of loss, Borrower shall give prompt notice to the insurance
<br />came and Lender' Lender may make Proof of io5
<br />nine Lender s if not made promptly by Borrower.
<br />srder and Borrower Otherwise agree in writing, insurance proceeds shall he applied to restoration or repair
<br />Of the Property danaged, if the restoration or repair' ecomomically feasible and Lender's security is not lessened. If the
<br />restoration or reties is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be
<br />applied to the sutra secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. If
<br />Borrower abandons the Property. or does not answer within 30 days a notice from Lender that the insurance carrier has
<br />aBered to seek a claim, that Lender may collect insurance proceeds, Lender may use the proceeds insurance it or restore
<br />the Property or to pay sums secured b this Sector Instrument, whether n not then due. The 30.da
<br />whet the notice is o Vert, y Y
<br />Unless Lender and Y Period will begin
<br />pates the due date an monthly otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />�Paragraph I9 the Phe y Payments to to paragraphs 1 and 2 or change the amount of the payments. If
<br />damage to the Property ropefty is wired by Lender, Borrower's right to any insurance bees and proceeds resulting
<br />le ntrumew immediatelypm 10 the ac sit ton shall pass to Lender to the extern of the urns .secured by this Security
<br />change fire Property, allow the �PfO ty' Lem@th"' Borrower shall not destroy, damage or substantially
<br />Borrower with thenY to deteriorate or commit waste. If this security Instrument is on a leasehold.
<br />lee title not met provtsnons of the lease, and if Borrower acquires fee title to the Property, the leasehold and
<br />merge unless Lender agrees to the merger in writing.
<br />7. Protsedias of L"Wer's Riptts is the
<br />covenants and agreements contained in this Security Instrument, O therrlivwa legal proceeding rower falls is 10fi perform the t
<br />Lender's this in the Property (such as a proceeding in bankruptcy, Probate, for condemnation nr to enforce laws nr
<br />1, then Lender may do and lay for whatever is necessary to protect the value of the Property and Lender's rights
<br />I" the Property, Lender's actions nay include. paying any sums secured by a lien which has priority over this Security
<br />L Lender wearing in court, paying «aason tdrle attorneys' fees and entering on the Property to make repairs, Although
<br />l tsneier nay take at stem under this paragraph 7, Lender does not have to do so.
<br />Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Ik,rroN er secured by this
<br />Saeurity Instrument. Unless Borrower and Lender ,agree to other terms of payment, these am<,wtts .hall bear interest from
<br />the date oq' dabur�t at the Note rate and shall payable. with mlrrest. aeon oam frrnn all heir ro Ito t fion
<br />fowamung Payntcnt.
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