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<br />UNIFORM Ct)vENA, Ts Borrower and Lender CON errant and agree as ti,llows.
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall prompt y
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due uridct
<br />2. Funds for Taxes and Insurance. Subject to applicable iau or to a written u ai, er by Larder. I3,,rr, „c;
<br />to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum 1 "I
<br />on.--twelfth of: (a) yearly taxes and assessments which may attain priority over this Secur,ry Instrurr,ew. ih,
<br />leasehold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and ,s,
<br />mortgage insurance premiums, if any. These items are called "escrow items." Lender may est ,.
<br />basis of current data and reasonable estimates of future escrow items imate the Fun ds Line r,
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed h, a federal l,r
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the cscrov. lire is
<br />Lender may not charge for holding and applying the Funds, analyzing the account or , erifying the escrow items, un ±css
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Br'1rrs�uer ;Ir;d
<br />Lender may agree in writing that interest shall be paid on the Funds. Unless an agreement is made or apph,ahi ia:,
<br />requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Fund, Lends'
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debris to the Vund, ;rid
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the urn, ,,,: ,rc :j
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, togetherwtth the future monthly payments of Furids pa�at,lr
<br />the due dates of the escrow items, shall exceed the amount required to pay the escrow items when due. the excrs. tih;tl! ',e
<br />at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments ;,f I =uni, if ;;
<br />amount of the Funds held by Lender is not sufficient to pay the escrow items when due. Borrower shall pay tr, U,1,4 r
<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 ;, I;,,r r,;u;,
<br />any Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender. Lender shall apt ?�,
<br />than immediately prior to the sale of the Property or its acquisition by Lender, arty Funds held by Lender ar. the tir=;c•
<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 reca,ed hs I_rr;Grr under
<br />paragraphs I and 2 shall be applied: first, to late charges due under the Note; second, t, p. *epayment charges due node- the
<br />Note; third, to amounts payable under paragraph 2; fourth, to interest due; and last, to pain ipal due
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, find and imposinow, attnhut ; :h!c t.,•
<br />Property which may attain priority over this Security Instrument, and leasehold payments or groun
<br />Borrower shall pay these obligations in the mariner prosided in paragraph 2, or if not d rent.. ;f
<br />paid in that manner, BorroHcr
<br />pay them on time directly to the person owe
<br />receipts evidencing the payments.
<br />to d payment. Borrower shall promptly furnish to Lender all notices or-an=
<br />be paid under this paragraph. If Borrower makes these payments directly. Borrower shall promptly furnish to Lclder
<br />re
<br />Borrower shall promptly discharge any lien which has pnonty over this Security Instrument unless Borrower is i
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender. (h) c ,ntests in zoo ;c;
<br />faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender's npin ton 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 ant part ,.,f
<br />the Property is subject to a lien which may attain priority over this Security Instrument, Lender may gr,c Borrower
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth aho,e u,thir; da,,
<br />of the giving of notice.
<br />S. Hazard Insurance. Borrower shall keep the improvements nou existing or hereafter erected on the pr riper?,
<br />insured against loss by fire, hazards included within the term "extended coverage" and any other hazards for u hit tt l.cndr,
<br />requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender re quires 7
<br />insurance carrier providing the insurance shall he chosen by Borrower subject to le's approval uhech
<br />unreasonably withheld. Lender's
<br />All insurance policies and renewals shall be acceptable to Lender and shall include a standard m()rteage la„s�•
<br />Lender shall have the right to hold the policies and renewals. If Lender requires, Borrower shall prompt!, ei,e 1 -o Izncfcr
<br />all receipts of paid premiums and renewal notices. In the event of loss, Borrower shall gl,e prompt notice to the insurance
<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 he applied to rectoran >n t,r rc pair
<br />lessened the Property damaged, if the restoration or repair is economically feasible and Lender's security is not lrenrd !f the
<br />restoration or repair is not economically feasible or Lender's security would he lessened, the insurance proceeds shall, h;`
<br />applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrower 1t
<br />Borrower abandons the Property, or does not answer within 30 days a notice from Lender that the insurance carrier ha,
<br />offered to settle a claim, then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or rest,,.
<br />the Property or to pay sums secured by this Security Instrument, whether or not then due. The 30 -day perrc,c+ A 11 >.,•c;,,
<br />when the notice is given.
<br />Unless Lender and Borrower otherwise agree in writing, any application of pren•ccd, to principal ,hail r:,,i C%ICii,i
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the pa, n;en f I;
<br />under paragraph 19 the Property is acquired by Lender, Borrower's right to any insurance polrcre, and pre, ecds
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured h, th„
<br />Instrument immediately prior to the acquisition.
<br />6. Preservation and Maintenance, of Property; Leaseholds. Borrower shall not destroy da nage o suhsiant!ah
<br />change the Property, allow the Property to deteriorate or commit waste. if this Security Instrument is ,,rt .1 1e p ,;
<br />Borrower shall comply with the provisions of the lease, and, if Borrower acquires "•e title to the Proprrry. i he leaseh,,i,i ,;i,4+
<br />fee title shall not merge unless Lender agrees to the merger n writing.
<br />7• ProtOction of Lender's Rights in the Property; Mortgage insurance, If Borro%kcr fails r,, p
<br />covenants and agreements contained in this Security Instrument, or there is a legal proceeding that ►tta% ,igriiP ;caltl, ,tt4•,,
<br />; c rt,�tn;
<br />Lender's rights in the Property (such as a proceeding in hankrupic) , probate, for condemnation or tr enr ice la,,,
<br />regulations), then Lender may do and pay for whatever is necessary to protect the %slue of the Property ;1141 Lender s ric,i
<br />in the Property. Lender's actions may include paying any sums
<br />Instrument, appearing secured by a lien which has priority ,:,cr thi. �,; wilt
<br />in court, paying reasonable attorneys' fees and entering on the Property t„ 11441! r
<br />Lender may take action under this paragraph 7, lender does not hasr to der so
<br />Any amounts disbursed by Lender under this paragraph 7 shall become addttl Licht
<br />Security instrument. Unless Borrower and Lender agree to other terms of payment• these arnl,unt}i� h_k,
<br />ll h4r,1r ii ;i,•i,�sr 1 ':.
<br />the date of disbursement at the Note rate and shall he payable, with interest. upn r:,r,rr fnrn t c•u,ic t t, li::i �::,,..•
<br />requesting payment
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