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<br />UNIFORM COVENA/Io'TS, Borrower and Lender covenant and agree as follows: ; 84 - 006 4.J. ..(ti
<br />1. Paymet of PriIldpIU _ IIIterest; Prepayment _ Late CIIarps. Borrower shall promptly pay when ~e
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and It-te charges due under the Note.
<br />2. F'" for Taxes _11ISlU'IUIC:e. Subject to applicable law or to a written waiver by Lender, Borro,.,,~r shall pay
<br />to Lender on the day monthly payments are due under the Note. until the Note is paid in full, a sum ("Funds") equal to
<br />one-twelfth of: (a) yearly talles and assessments which may attain priority over this Security Instrument; (b) yearly
<br />Ieaaebo1d pa)'ments or ground rents on the Propeny. if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />morlj;ale insurance premiums. if any. These items are called "escrow items," Lender may estimllte the Funds due on the
<br />basis of current data and reasonable estimates offnture escrow items.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federator
<br />state a8eney (including Lender if Lender is such an institution), Lender shall apply the Funds to pay the escrow items.
<br />Lender mIlY not charge for holding and applying the Funds, analyzing the account or verifying the escrow i1am,' tmJess
<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 intm:st shall be paid on tile Funds, Unless an qreement is made or appIicabjf: law
<br />requires interest 10 be paid, Lend~r shall not be required to pay Borrower any interest or earnings on the PuRds. Lender
<br />shall give to Borrower. withom charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debillO t he Funds was made, The Funds are pledged as additional security for the sums secured by
<br />this Security Instrumeni,
<br />If the amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to
<br />Ihe due dales of the escrow items. shall exceed Ihe amount required to pay the escrow items when due, the excess shall be,
<br />al Borrower's option. either promptly repaid to Borrower or credited to Borrower on monthly payments ofFimds. If the
<br />amount of Ihe Funds held b} Lender is nol sufficienllo pay the escrow items when due. Borrower shall pay to Lender lift)'
<br />amounl necessary 10 make up Ihe deficiency in one or more paymenls as required by Lender,
<br />Upon payment in full of all ~ums secured by this Securily Instrumenl. Lender shall promptly refund to Borrower
<br />any Funds held by Lender, If under paragraph 191he Property is sold or acquired by Lender, Lender shall apply, 00 later
<br />than immedialely priar 10 the sale of the Propeny or ils acqui~ilion by Lender, any Funds held by Lender at the time of
<br />applicalton as a credil apinst the ~ums secured by Ihis Security Inslrument,
<br />3. AppticatiotI of Pay_a. Unless applicable law providt>s otherwise. all payments recei...'ed by Leader uader
<br />paragraphs I and 2 shall be applied: firsl. 14.1 lale charges due under the Note; second. 14.1 prepayment chqes due umIer the
<br />Note: lhird. ',' amounts payable under paragl1lph 2; founh. to inlerest due; and last, to principal due,
<br />4. CII8rtIn; u-. Borrower shall alllalles, assessmenls, charges, fines and impositions attributable to the
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<br />pay
<br />pay them anllme dlrcctly to pefMln awed payment. Borrawer promptly 10 Lender all noticesofamoums
<br />to be paid under Ilus palllgraph If Borrower makCi Ihese ra~'ments directly. Borrower shall promptly furniMl to Lender
<br />re::C'lpts cvldeocmg t he payments
<br />Borrmr.er shall promptly di!IChArge any lien whw:h has priorily over thIS Security IllSlrumenl unletis Borrower: (a)
<br />~rees III ..'ntu'l! 10 the paymem of the obhgallon secured by the lien in II manner accepIable to Lender: (b) COOleWi in sood
<br />fallh lhe hen by. (If defends agllmM enforcemenl af the lien in, legal proceedinss which in the Lender's opinion operate to
<br />pre\'enllhe l'llforcemenl of the hen or farfellure of an~' part af Ihe Property; or (cl secures from the ho1der of tile lien an
<br />agreemenl ....t"'facl~ ta Lender subordlnallng the hen ta Ihis Security Ins!rument, If Lender detennines thaI MY part of
<br />the Propeny .~ S~I I() II lien ..h\('1I may a!lain pnanty over lhis Security Instrumenl, Lender may give Borrower a
<br />notICe 1denufYlIIlllhe hen f)ol'Towcr shall satisfy Ihe hen or lake one Qr more oflhe aclions set fonh above within IOdays
<br />of the gmng of nolk:e
<br />5. Hazard I~. BOH"..er shall keep the 'mprO\emenl~ now clllsllng or hereafter erected on the Propen)'
<br />IfIsured against I"s,s 1'>)' fire. hlwuds IOduded Wllhln lhe leern "extended con:rllge" lilnd any olher halllrds for which Lender
<br />requlr~ Illsurllllf,'e Tlus msurlloce shall be malllllllnoo in the amounts lI.Ild for the penods that Lender requir~. The
<br />; ',\Unmce ~3I'f1er pnwiding Ih.. msurance shall he chosen by Borrower su"-icet tQ Lender', approval which shall not be
<br />WI, -_mably wnhheld
<br />AU msurance poh(:1CS and reneVl'als shall he l\Cc'eptable to Lender and sha.ll indude a standard morll&ge cl3use,
<br />Lender ball ha,'e lhe "!lhl 0 hold the policin llnd reneWllu., If tender requires. BorrOVter shall promptly gi..e 10 Lender
<br />all rCCClptS of paid premiums and rc'rn:wal rKltices, In Ihe e..ent of 10%11, Borro",'Cf !>ballgi.'e prompt notice to the inwCllIM:e
<br />carrier and Lenoo. Lender may make proofoflolis irnQI made promptl~ by BQrrower,
<br />Unlesli Lender and Borro...er otherwi!ioC agree In wflllIlg, Insurance proceeds ~hall be app4ied to re!iwration or reploir
<br />of the Pl"Openy damaged. if the restoration or repair IS economICally feuible and u~', secunty IS nol ~, If the
<br />re&tOfalKm or repair is nOI economically feasible or I..<:nder's secllfll~' WQuld be ~. tll;: mwrlHK'C procced1 shall be
<br />applied tQ the sums secured by Ihis Secu,ity Instrument. whether or not then due:, "'lib MY e7>ceIl5 pIIid t(l Borr~'er, If
<br />Borrower lIbimdon1i the Property'. or does not answer wuhin 30 day's a notice from Lender that lhe InSllrance carrier 11&
<br />oI'fled 10 senle a chum. lhen t~nder mlllY collccllhe insurance proceeds, lender may use the proceeds to repair or reslore
<br />the Prupeny or 10 pa)' sums secured by IhlS Seeunly Instrument. w'hether or mlt then due The ,'O-day period w1ll begin
<br />when the notICe IS g,t..en
<br />Unle1o> l..ender and 8;>rco"'ef otherwise agree In wrillng, /tIlY applw:all\)n ()f proceeds 10 pnnclpal shall nol exlend or
<br />pmIpone the due dale of the monthl)' payrnenb rt~ferred to In paragrllph& I and 2 or chllng~ the amount of lhe payments, If
<br />Imder parll@:rapb 191he Pmpe11,) is ""qui red by Lender. 8;trrQwer's right to !lilY IIlSUfllnCe polKte> and pmceeds r~ulrinll
<br />from'~ to the PnljlCrly f'l'IOJ to the ltCqulsl!ion shall pass to L.ender In the e~tefll "fthe sums ,>(:CIII'c,j hy thiS Security
<br />IIml.rummt ,mmOOt3le!y prior In Ihc~ l!lCqulsluon
<br />6. rr-nlltion II8d Mamt.-e oIPreperty;~. 80rrQwer shall not dC!otroy, dam311e 01,",0..131111,,11)'
<br />dtan.- lhe PrtljlCrty, "lIow the Property to d~leno'llte or commit wlute, If Ih., Secumy ",,'rumen! "Ofl II leaschnld,
<br />Borrower ~! wmply wllh 1 he p""lSlons nf th~ lea!>!.'. and tf Borrower lICqUITCi fee tl1le lot he I'mperl}', the leaM:hold and
<br />* Illk shall not mt'flfie 1IIlle!lll1.emkr llgr~ 10 the mt'rji;er In wruinl(,
<br />,. I"rMHtioll oIl.~'5 Riakts in I1M' Property; 'looPlIt' InsurlUKe. II' ",'rrower flllls lt1 perfl'rrn the
<br />OO>'_ls and llllrn:menb c,olllllmro In 1IIIs SecUflly InMrument, nr there IS a Ie~al pnx:eedrnll thaI mllY SI/1lfllti('llIlfly lItlfi't
<br />l~', n~hts III the I'roperly (su<.:h as II pw';eedinlil In lmnkruptcy. prnbllle. for nmdemnllllon pr ", enf,'r,'e law, lll'
<br />rq:l.IllIll>:msl.th.enl,endef may do and fillY f'lf ",hale..er IS nece'S",ry to rwt et' I the 'alue ofrhe f'wperty and I ",,,ler's fI!!hh
<br />~ 1M 'fO'Ic>l:'f1y I.endcfs lit<:tlOns !'I1I1)' ",dude fIlIY'IIIji; any 'urns se\:ured hy a hen ...1I11'h hll' "r"'nty PH:r Ih" Senn't}
<br />i~r~l, 1f1','{'Url, 11II)101lI rea">I1ahll' atl<Jrne~'\' fen IIl1d f'1Ill'1'I1l1ll "!llh,' ",,,pertY I" make repa,r' <\lth"ult"
<br />t~ mjl~ ~tlOfj untll'! Ihts rfllragtlir" 1, Lender dne" nul ha'e In ,il...o
<br />AllY _,ltH'lh ,h~j,f_j h) tender under '''I~ 11lI'''l!Iral,h 1 ..hllll N-cn",< ,,,ld,tlO,,.1 dehl P' h.,,,.,,,,,,, ,,'nm',1 h, Ih"
<br />\$;UfHy ht&HIilmt'nt l)f1I~''\''li R.l'iffntWer and Lcnuer agrf'(" to (~thC'r 'Crnlf\ of r"~nH.'nt. I hr-4.{' ;Hllnunt"- ....hall !""d' mtt'Ie'..t tnHl1
<br />1M d.t~ ,,, ,j~>ur...mrnl ,,' the Nnle r~'<' ,md ,hllll '''' I'Jl~ahk. Willi "*'II.'S\' "1'<'11 ""'""T (IPn: I end", :" 1\,,,,,'''(''
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