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U IFORM'COb i'n.A -xT'S- Borrower and Lender covenant and agree its follows.
<br />I. Payment of Principal and 3nferest: Prepgyment and Late Charges. Borrow'Cr shall promptly pa, when clue
<br />the principal ofand interest -onthe debt evidenced by the Note and any prepayment and laic charges due under ihe' vote,
<br />2. Funds for Tatrlaad lnsarancc. Sutyject to sppficahle law orto a wnttcn wail �r h} ':ltudcr.Borrowcr shall pin
<br />intender onAie day monthly payments are due under the Note. until the Note is paid in full, it sum ("Funds) equal to
<br />one- twelfth -of. (a) yearly taxes and assessments which may attain priority over this Security Instrumcnt: fh) yearh
<br />leasehold payments or, ground rents on the Property. if' any: (c) yearly' hazard insurance premiums: and (d) yc:ar)%
<br />mortgage insurancepremiums,.ifany. These: items are called "'escrow item Lender ender:may estimate theFunds.duc on the
<br />frasisofcurrent- data .and reasonable_cstimates of future escrow items.
<br />TheF.ands'shall beiheld in-an institution -the deposim or accounts of which are insuied orguaranleed b% it federal in-
<br />gate agency (including: Lender i'ftender -is such an institution). Lender wall apply, the :Funds in pay the C"S.I' w nears.
<br />Lender (nay not c'harge'for'holding and applying the Funds, analyzing the account or , verifying tire uscrom items, unless
<br />Lender pays Borrower interest on °the Funds and .applicable law permits lender ill make such it charge. Borrower and
<br />Lender ma_- agree in writing that interest shall he paid on the Funds, Unless an agreement is made or applicable law
<br />requires interest to hepuid,:Lcndcrshall not'herequired to pay Borrower anv interest or earnings on the Funds. Lender
<br />shall give to_ Borrower, without charge, art annual accounting of theFunds showutp credits and debits to theFunds and the
<br />purpose-for which each.debirtot'he'Funds was made. The Funds are pledged as additional xecurio for Ihrsurm secured ht
<br />this Security Instrument.
<br />If the amount of the Funds heldrhy Lender, together with the future monthh payments -1,f Fiincis payable pn0rto
<br />the dueedates of the escrow items, shall exceed the amount required to pay the escrow items when due. the excess Shall he.
<br />at :Borrower'% option, either promptly repaid it) Borrower or credited t0 Borrower on nionthh payments of Funds, 11 [he
<br />amount ofthe'Funds held by `.Lender is not sufficient to pay the escrow' item, when due. Borrower shall pay It, Lender any
<br />amount necessary to makeup the deficiency in one or more payments as required by Lender.
<br />Upon Payment in MI of all sumsiecured by this Security Instrument. Lender shall Prompt]% refund t(: Borrower
<br />any Funds held by Lender. if under paragraph 'lythelProperty is sold Or acquired by lender, `Lender shall apply, no liner
<br />than immediately prior to the sale of thePrgper(y or its acquisition b%- Lender. arrc Funds held by Lender at the time of
<br />application as credit against the sums secured bythisSecurity Instrument.
<br />3. !Application of Payments. 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 />at. Clitatlifes; liens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable in the
<br />Property which may attain priority over this Security Instrument, and leasehold payment,. or ground -cuts, if any.
<br />Borrower shall pay these obligations in the manner provided m paragraph Z. or if not paid in that manner. Borrower ,hall
<br />pay ahem on time directly to 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 direcrh'. Borrower shall promptly furnish r, lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any, lien which has priority over this Sccurtty Instrument unless Borrower ta)
<br />agrees in writing to the payment of the obligation secured b) the lien in it manner acceptable if) lender: lh i contests in good
<br />d
<br />faith the lied by, or def:nds against enforcement of the hen 1n, legal proceedings which in the Lender's opinion operate in
<br />prevent the enforcement of the hen or forfeiture of any .part of the Property: or (c) secures from the holder of t'he ]fell an
<br />agreement wtisfaciory eel Lender subordinating the lien ?(I this Securnv Instrument. it Lender determines that am part 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 hen. 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 />3. "Hazard Insurance. Borrower .shall keep the nmprovemer, S now existing or hereafter erccied on the Property
<br />insured against kiss by tire, hazards included within the term "extended coverage" and any other hazards for Whli:h Lender
<br />requires insurance. This Insurance shall he maintained in the amounts and for the periods that Lender requires The
<br />insurance earner providing the Insurance shall be chosen by Borrower Subject to Lender's approval which shnli nod he
<br />unreasonahly withheld
<br />All insurance policies and renewals shall he acceptable to Lender and shall include a standard mortgage clause
<br />Lender shall have the right to hold the policies and rcnewal4 If Lender requires. Borrower ,hall promptly glvc u, Lender
<br />all receipts ofpaid premiums and renewal notice% In the event of loos, Borrower shall give prompt notice To the I174uratl'"
<br />carver and Lender. lender may make proof of loss d' not made prompth by Borrow.:
<br />Unichstender and Burrower otherwise agree in writing, nisur tIcc proceeds shall be applied ti, restoration or repair
<br />of the'Property damaged, if the restoration or repair is econonucally feasible :Ind Lender's securl ;y Is not Icfacrlrd If the
<br />restoration or repair is 1101 economically feasible or Lender's sec•urltt would he lessened. the ntsuraticc proceeds shall he
<br />applied to the sums secured by this Security Instrument. whether or not then due, 1111 any excess paid to Borrowct It
<br />Borrower abandons the Property, or dries not answer within .10 days if notice from Lender that the Insurance carrier ha,
<br />offered to settle a ciaun. then Lender may COII @CI rile insurance proceeds Lender may use the proceeds u, repau .,r restore
<br />the Property or t0 pay sums secured by [!its Security .instrument, whether or not then disc "1'hr 3f1 -day period gill begin
<br />when the notice Is given.
<br />Unless Lender and Borrower otherwise agree in writing, any apphcat oil of pt cccds Io principal Shull nol emend or
<br />postprmr the due date of the monthiy payments referred to ul paragraphs I and 2 01 ; hallgv Itic alnounl of the pavnncnts I
<br />under paragraph 14 the Property Is acquired by Lender. Borrower's right to any insurance• pnhcies and proceeds rrSUitInc
<br />front damage to Ihr Property prior to the acqulsttton shall pass ur L.CHLICr t0 the extent of the• sums Sccurcd be this Securlh
<br />Instrument immediately prior to the acquisition
<br />6. Preservaticm acrd Maintenance of Property; Lesseholdh. Borrowct ,hai! not desu;n, dairlagr ill .set +Sutnualll
<br />change the Property. allow the !l'roperiy u, deteriorate 1,r cominii waste if till. tirclltltt II11IrII1nC11f n ;,11 „ Ica4chukl
<br />Borrower shall comply with the provlsnotts of the least:. and If Borrower acquires frc uric u, the Properl, tht Irasnc�,iti ;Intl
<br />frc talc 4hall not ntergc unless Lender agrees to the merger in writing
<br />7. "Protection of Lander's'Right* in the Property; Mora] a insurance. it horrowrt I;nl• w t,crimm tilt'
<br />covetianls and agreements contained to this Security tnstrinnent. 111 rhea I. a It•gal ptncrc illn! Ih:n nta, slendic :uula :Itfr,^
<br />Lender's rights m the Property (such as it proccedntp Ise hanktuptcy. pn,hittc. iot rondcnluauon .,r I„ t'nlol.c lilwl or
<br />regulalutli4), (Heil 1XII eT may dound pile' fllr whairvei Ili 11t'e :C44i1r1 It, prod Cot Ihl'' : ;Illlt' „r tht' flr'I,pt'I'1', illitl l clldt'r , rlvhl�
<br />tot the- PrtlpenY Lende:i''4 action,. trill) include paying link '.dial, w- curt'd hl a ;It•II which hil, pi'lol'll, ,,,CI lilt, `v,IVIIN
<br />Instrument. appearing to court. puyinL, ica%onablc uttor ivvS' ievS and entcf'In nn the I'roprrt, Io rrlakc 'vpaltS Ahhourh
<br />Lender ma4 lake action undcl this paragraph 1. Lender does not hil,c In (it' S,
<br />9IR
<br />Anv arnnullrs dlShur4ed tea I ceder under tills p traFruph " shad; t1eL Milt ,u!tIII; ma; Lich, ,t ti, „t r' ,ct ;roil i,t Liu
<br />Smurlty Imtturrient 1 niees horn wer and Lender ut'rt•v w othef wren, if ht
<br />I
<br />t,atmrn s, '11,",11111, O II tilt 1,I re ! 4om
<br />[tic data• ref' di4hu1'4eftnml al lilt, Noll rat,. and Shill; h, l,,nnhlr. wtli 171101',. ,I, .r ., ,u.,
<br />rcqur4unl, payn7cnl
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