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<br />005'717
<br />UNIFORM COVENANTS. 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 the
<br />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 ro a written waiver by lender, borrower shall pay to
<br />Ixnder on the day monthly payments are due under the Note, until the Note is paid in full, a sum i "Funds °) equal to
<br />ane- twelfrhof: (a) yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly leasehold
<br />payments orground rentson the Property, if any, (c) yearly hazard insurance premiums; and (d) yearly mortgage insurance
<br />premiums, if any. These items are called "escrow items." lender may estimate the Funds due on the basis of current data and
<br />reasonable estimates of future escrow items.
<br />The Funds shall he held in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br />stateagency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items. Lender
<br />may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless Lender pays
<br />Borrower interest on the Funds and applicable law permits lender to make such a charge Burrower areal Lender may agree in
<br />writing that interest shall be paid on the Funds. Unless an agreement is fnade or applicable law• requires interest to be paid,
<br />Lender shall not be required to pay Borrower any interest or earnings on the Funds. lender shall give u, Borrower, without
<br />charge, in annual accounting of the Funds showingcredits and debits to the Funds and the purpose for which each debit to the
<br />Funds was made. The Funds are pledged as additional security for the sums secured by this Security Instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to the
<br />due dates of the escrow items, shall exceed the amount required to pay the escrow• items when due, the excess shall be, at
<br />Borrower's option, either promptly repaid ro 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. Burrower shall pay to Lender any
<br />amount necessary to make up the deficiency in one or more payments as required by I ender.
<br />Upon payment in ftill of all sums secured by this Security Instrument. Lender shall promptly refund to Borrower any
<br />Funds held by Lender. If under paragraph 11) the Property is sold or acquired by Lender. Lender shali apply, no later than
<br />immediately prior to the saleof the Property or its acquisition by Lender, any Funds held by Lender at the tirneof application
<br />as a credit against the sums secured by this Security Instrument.
<br />3. Application of Payments. Unless applicable law provides o(heruise. all payments received by Lender under
<br />paragraphs 1 and ' shall be applied: first, n) late charges due under the Nate. second, to prepayment charges due tinder the
<br />Note, third, to amounts payable under paragraph ,; fourth, m interes, due; .raid Lust, to principal due
<br />4. Charges; Liens. Borrower shall pay JII taxes, assc•ssrfte•nts. Charges, fines an(! impostuuns attriburable• alt the
<br />Property which may attain priority over this Security Instrument, Jnd leasehold pAymena orground rents, if any. Borrower
<br />shall pay these obligations in the manner provided in paragraph 2.or it nut paid in that manner, Burrower shall pay them on
<br />time directly rn the person owed payment. Borrower shall promptly furnish to Lender all notices of anx,unrs to be paid under
<br />this paragraph. if Borrower makes these p :ymrnts dnectly, Born,uer shall promptly furnish to Lender receiptsevulencing
<br />the payments
<br />Borrower shall promptly discharge any lien which his priority over this Secant} Instrument unless Borrower tat
<br />agrees in writing to the payment of ncc obligation secured by the hen lit if nunne r iicepreble o, Lender. i b; conte•srs in good
<br />faith the lien by, ur defends against c•nforcenuant of the hen in, legal proceedings which in the Lenders opinion operife ai
<br />prevent the enforcement tut file lien or forfeiture of my parr of the Property: or ,c t Secures roan the holder of the lien in
<br />agrertnent satisfactory tit Lender subordinating the lien to this Security Instrument If l.endrr dete nnint, that any p.irt of the
<br />Property a subject to a lien which may attain priority liver this Set urny Instrument, lender may give Borrower a notice
<br />identifying the lien Borrower shall sacisty they lien or take one• ur fnort• of the• actions set forth ata,ve within 111 days of the
<br />giving of nonce.
<br />5. Hazard Insurance. Borrower shall keep the imprnye•tncnts now cxnrtng .r hertattrr erected on the Property
<br />Insured agiIlls[ lass by fire, hazards nttluded within the• term extended ,j%vrage' and .toy other hazards our whtth Lender
<br />requires insurance This insurance• shall be maintained lit the amounts and for the periods that Lender requires The•
<br />insurance carrier providing the insurance: shall be chosen by Borrower •uhtc•tt n. Ixnder, .opproyal which shall nut be
<br />unreasonably withheld
<br />All insurance policies and renewals shall be aece•ptabic to Lender ind,hall Include a ,tendird mUrtjtigetl.m,t' Lender
<br />shall have she right to hold the p politics and renewal, If Lender reyuirra, Born,wer shill prompt!) giae r„ Lrndcr Jli rr(cip[,
<br />of paid premiums and renewal nutters In the event of loss. Burn>wcr shill gr%c prompt nonce n, rhr uruiramt. catricr and
<br />Lender Lender may make proiut of loss it not midi promptly by Burrower
<br />Unless Lender and Borrower otherwise agree in writing, insurauxt• pre_ced%,h.ill Ise applied to rrsioranon or repair
<br />of the property damaged, if they resnrartun or repair IN cenmunitilly teesiblc and lender % security is not Ic „t•ncd If rile
<br />restoration of repair is not conunnu ally feasible or lender s %worn} would bt ICS %!'fled, file .n,ur.uut• proteed% ,hill be
<br />applied to the %urns scoured by this Security Instrument. whether or nor then duc, uuh any excess pJ:d to Borrower if
<br />Borrower abandons the properry, or dries not answer within 4O day, a notite trout I ceder that the Insurance- i arric•r has
<br />oifered to settle a (!assn. then Lender may collect the rtuuraitte proxvvds Ltndvt may its( the protectis Ili rc•piir or restore the
<br />property ur to pay sums secured by rtes Scctinry Instrument, whether or nr,t then due The' iO day ptylod u ill begin to lien flit
<br />notice is gives)
<br />Unless Lender and Bnrrourr uthe•rw isc ,agree in wrong „ any apl.hcation of pnlu•c•d% tie Ilf IM 111,11 %hall 1101 rxlend nr
<br />pt»gwne the due• date of Iht• monthly piymctus referred rn tit paragraph% 1 arnl ' or cftirrge nc�• amount of fhc pay Inem% If
<br />under paragraph 11) the Property Is ugwre•d by Lender. Borrower s rtghr to any in,urinic 1„ili,ivs and prlueed% rc,ulting
<br />from damage to the I'rope•ny prior to (tic acquisition shall piss to Lender I,, the extent of rhr sums ,tuned by flit, security
<br />Instrument trnmedtitely prior to file acquisnion
<br />6. Preservation and Maintenance of Property; L.caxholds. borrower ,hall not destroy, damage .,r suh%raimally
<br />change the Property. illow the Property to de•teru.Irate or o mmur uJ,tr If thI% Sctunry !tt%Ir'tlMVIII t% one Icasrhuld.
<br />Burrower shall onrnply wish [tic provisions lit the ieaac•, ind if Burrower Jtquttt% ice- rule to fhc• Prolst•rty, fhc IC.11cholld and
<br />fee title shall not merge unless Lcn(irr agrees n) flit merger in wnnng
<br />7. Protection of Lender's Rights in the Iroperty; Mortgage Insurane. It Boi n,wef fails Io Iwi torn) the u.aeniufs
<br />and Agreements contistted in this Serenity. InstrunlenL or there is i !egal proxce•ohng :hat ma) ,ignof tars ly Atett I ender',
<br />rightsinthePro1wrtyi suchi siprox.ee•dtlgnrb :mkruprcy, probate, tern. mdomiationoto ,t•11t0rcciaw%0rrcgulatntts then
<br />Lender ,tidy do and pay for whatever Is necessary it, prowo the• %aluc of du I'tnperty and I ender % light, of the Prnlwlty
<br />Lender s actions may include paying Auty %tires setured by a lien which 11.1% pnorttv.raer This Seturitn Insrr(nnent, .y %prarntg in
<br />cleat, paying rt•isonahle atroint)s fee, and entering on flit 1'n,lxtty t., fn..kr rcp.,— Although I cndt•i m.o At aomn
<br />urWfet tbro paragraph 7. IVfIdrr i ,t, not h.ne ill do so
<br />Any amount %dtebur%ed by Lender under ihn I,Jragr.1ph ,loll l,t•onnt atlrtu.n.,1 drht of liotf.,ut I st(.rcd by the
<br />Security Irrctturttent 1. lttle•%4 Rotrnwr'r ,utd Lenart iAfte r„ „that renn%ot pa)'inenr, 111e,e Jin "um, ,11.111 I,t.o .n t-It "t Ifom
<br />the ddteof dishursemrm is flit- Nitre fast and %hell fa pa) ablr, w o h nit( f(-%f, t.j ,n nno,c molt l trntct i. Ii „i 1 —%0.1 rcyuesnng
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