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L.
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<br />UNIFORM COyENAN rs. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges, Burrower shall promptly pay when due
<br />the principal ofand interest on the debt evidenced by the Note and any prepayment and late charges due tinder 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, it stun ("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, Wally. These items are called '.escrow items." lender may estimate the Funds due on the
<br />hasis ofcurrent data and reasonable estimatesoffuture escrow items.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br />stale 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 be paid On the Funds. Unless an agreement is made or applicable law
<br />requires interest to be paid, lender shall not be required to pay Borrower any interest or earnings On the Funds. [ender
<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 b%
<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 Borrower'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 tit make up t he deficiency in one or more payments as required by Lender,
<br />Upon payment nr fun 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 received by lender under
<br />paragraphs I and 2 shall bt applied: first, to late charges due under the Note, second, Ili prepayment charges due under the
<br />Note; third. to amounts payable under paragraph 2; fourth, to interest duc: and last, to principal due.
<br />4, Charges; Liens. Borrower shall pay all taxe%, 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 tin paragraph _', or if not paid in than manner. &grower shall
<br />pas them on time directly ai the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to he paid under this paragraph- If Borrower makes these payments directly. Borrower ,hail promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has pnnnty over this Security Instrument ;artless Borrower: (:u
<br />agrees to writing to the payment of the obligation secured by the licit to a rnanner acceptable to Leader: (h) contests it gOr d
<br />faith the hen by, or defends against enforcement of the lien in, legal proiccedntg% which It the Lender's opinion operate In
<br />prevent the enforcemcm of the lien or forfeiture of any part of the Property: or (a) secures from the holder of fire lien ;sat
<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of
<br />the Property is subject to a lien which may attain priority over this Security Instrument. Lender may give Ifo +rrower I
<br />notice identifying the lien Borrower shall satisfy the lien or take one or tore „f the actions set f:,rih above wrthu; 10 day,
<br />of the giving of notice.
<br />S. Hazard Insurance. Borrower shall keep the unprovent, lk now crisping Of hCrCJIter CIVOecl On the PrOlerly
<br />Insured against loss by fire. hazards utduded within the term "extended Coverage" and anc other Ir:uanl, t. +r which !_ender
<br />requires insurance. This insurance shall he maintained in the amounts and fir the Ilyr,.,ds that Linder requires i lic
<br />insurance carrier providing the m%urmtce shall he chosen by Burrower subject to Lendcr'S .,pproval which .hail not he
<br />unreasonably withheld.
<br />All insurance policies and renewals shall he acceptable h+ Lender and shall m:lude i si,uulard mortgage Clause
<br />Lender shall have the right to hold the policies and renewals. if Lender requires, B,,rrrwer shall promptly give to Linder
<br />all receipts of paid premiums and renewal notices In the event of loss, Borrower ,hall give prompt notice to the insur:utcC
<br />carrier and Lender. Lender may make proof .PIONS dnot made promptly by Borrower
<br />Unless Lender and Borrower otherwise agree in writing, uisurance prof cod, shall he applied to restoration or repair
<br />of the Property damaged, if the restoration or repair is economically feasible and 1 enders Security is not tc-ssrned If tote
<br />restoration or repair is not economically feasible or tender's security would he le%%cned. the insurance proceeds shall he
<br />applied to the sums ucured 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 />oBered to settle a claim, then Lender may collect the insurance. proceeds. Lender Ina% use the proceeds in repair or restore
<br />the Property or to pay sutras secured by this Sccurny ln,tmmIellt. whether Or not then due ']'he 10-day period w ill begin
<br />when the notice is gn en.
<br />Unless lender and Borrower Otherwise agree to writing, any application of proceed, u+ principal shall not extend .,r
<br />poslpxme the due date of the monthly payments referred to in paragraphs I and 2 or change the amount tit the pay nienlN if
<br />under paragraph 19 the Property is acquired by Lender, Bogrower'N right it, any ursurancc puttOCS :said pro reds re,ulung
<br />from damage to the Property prior to the acquisition shall pass tit Lender to the extent of the Sun)% %e, :ured by t Ins Seem m
<br />Instrument immediately prior to the acquisition.
<br />f. Preservatitm and Maintenance of Property; leaseholds. Borrower shall not destiny. d image or suhsianuall
<br />change the Property, allow the Property to deteriorate or corninit waste If this Sccurny Imounirnt is on ,I Icjwhold,
<br />Ltirrower %hall comply with the provi +torts of the lease. and if Borrower acquires fee title to the Properh. the leasehold aid
<br />fee title shall not merge unless Lender agrees to the merger to writing.
<br />7. Protection of Lender's Rights in the Property; Mortgalte Insurance. If Borrower fads no perform the
<br />covcnants and agrecmentscomained rn this Sccurny instrument. Or there n a legal proceeding ohm may ,iptuKanilk aflhrt
<br />Lender's rights in the Properly (such as a pn+cceding rat hankruptcy, prohaty, i<,r rOndenmanon oI to entorce Ltws .•r
<br />regulanonsh. then Lender may do and pay for whatever I, necessary h, protect the value of the Property and 1 cndcr'S right,
<br />in the Property Lender's actions may include paying any sutras Secured by ,, lien which has pnnnty dyer 011, s,uitiv
<br />instrument, appearing to couri, paying reayeinable attorneys' feC% and entering nn the Property to make rrpam AithnueL•
<br />Limiter may take action undo this paaagraph `•. Lender does not have lo do so
<br />Any amountsdr,hurwd by I ender under this paragraph' Shall twi,,nte additional dehi it liott"wCr 11" urc,l r,, rh:s
<br />5ectinty Insirument Cnieo, 1Rrrower and I ender :igrre In other to_•rrn, 4 pas mew, rl.rsr sat,, uni,.h,01 brae m c? —i ,i „m i`”
<br />the lair of ill%hursrnarotr at thr Vote r lr rind Nh:dl IV I,avehlc, wHh "n•.rr,t. 111. n,-r . r,•m i ;.+,J• It— I! "e,, Ir
<br />rrquesnng Iwyu+eor
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