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<br />84- 006492
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<br />UNIFORM CovENANTS Borrower and Lender covenant and ;H::ree as follows:
<br />1. Payment of Principal and Interest; Prep8yment and Late Cbar!le5' Borrower shall promptly pay wben due
<br />rhe pnnclpal of and tnteresl on Ihe debr ~\idenced hy the "'''Ie and any prepaymenl and lale charges due under rhe "'ote.
<br />2, Funds for Taxes and Insurance, Subject to applicable law or to a written waiver by Lender. Borrower shall pay
<br />10 l.ender on rhe day monthly paymenh are due under the NOle. umillhe Note is paid in full. a sum ("Funds") equal to
<br />one.twelfth of: (a) yearly laxes and asses,sments which may atla;n priority over this SecuriTy Instrument: (b) yearly
<br />leasehold paymenls or ground rents on rhe Properly. if any; (c) yearly hazard insurance premiums; and (d) j'early
<br />mortgage insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the
<br />basis of current data and reasonable estimates offuture L'SCroW ilems.
<br />The Funds shall be held in an institution the deposits or accounts ,'f which are insured or guaranleedby afedenill or
<br />slate agency (including l.ender If Lender is such an institution). Lender shall apply Ihe Funds 10 pay thl' escrowitenll..
<br />Lender may not charge for holding and applying the Fu~ds. 'maIY7.ing the account or verifying the escrowitems.~
<br />Lender pay. Rurrower interest on Ihe Fund. and applicable law permits Lender to make such a cbarl!t'.8or;rowm-'Imd
<br />Lender may agree m .....riting that interest shall be paid on the Funds. Unless an agreement is made orapplica:ble;:18w
<br />requires interest to be paid. Lender shall hot be required to pay Borrower any interest or earnings on the Funds. 'Lem:ter
<br />shall give to Borro.....er, without charge, an annual accounting ofthe Funds showing credits and debils to the Fundsamllne
<br />purpose for .....hich each debit to the Funds was made. The Funds are pledged as additional securily for the sums secured by
<br />this Security Insrrument.
<br />If the amount of the Fund. held by Lender, logether with the future monthly paymenlsofF!lnds~1e prior to
<br />the due dales of the escrow items. shall exceed the amount required to pay the escrow items when due. the excess sbaUbe,
<br />at Borrower's "ption. either promptly repaid to Borrower or credited to Borrower on monthly' payments of Funds. If the
<br />amoulll of the Funds held by l.ender IS not sufficient to pay the escrow items when due. Borrower shall pay 10 Lem:terany
<br />amoum necessary to make up the deficienl'Y in one or more payments as required by Lender.
<br />Upon paymenl III full of all sums secured by this Security Instrument. Lender shall prompdyrefund to Borrower
<br />any Funds held hy Lender. If under paragraph 19 the Properly is sold or acquired by Lender, Lender shall apply.noJa~
<br />than Immediately prior to the sale of the Property or liS acquisition by Lender. any Funds held by Lenderal rketime;.of
<br />application a. a credit again.tlhe .un" ,""cured hy this Security Instrument.
<br />3. Application of PaYllleIIts. Unless applicable law pTOvidt'S otherwise, all paymenrs received by Lenclerll"
<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; thtrd. to amoums payable under paragraph 2: fourth. to imerest due: and last. to principal due.
<br />4, CIuIrJIes; LiellS. Borrower shall pay all taxes. assessments, chl'rges, fines and imposilions ..nriblltable tome
<br />Properly which may allain pnority ovcr this Security htSlrument, and IClL'iChold paymenls or ground Tent", if any.
<br />Borrower shall pay these obligations in Ihe manner provided in paragraph 2, or if not paid in that manner. Borrower sball
<br />PdY liiClIIUII Liane ulrc.."\.:lij" ~u lilt: JlCl~l'lI uw6..ii,ayulclu. iJurn~atrprUnrpUYTiITl1.~il 10 L.Com:rID'i-Oo If; ~ -
<br />to be paid under this paragraph. If Rurrower makes these payments directly. Borrower shllll promprlyfumillhto Lender
<br />receipls evidenCing the paymenls.
<br />Borrower ,hall promptly discharge any lien which has prioriry over this Security Instrument unless Borrowc:t-: (II)
<br />agr= '" "-Tltmg loth.. payment ofth.. ohlig"lIon secured by the lien in a manner acceptable 10 Lender; (b) contcsls in Jood
<br />fallh the hen "'y. nr defends agamsl enforcement of the lien in. legal proceedings which in the l.ender's opinion opet'IIte 10
<br />pre\ent tne enforcement of the lien or forfeiture of any part of the Property; or (c) secures from the holder of the lilllllln
<br />agreement 'kIlIsfaclory 10 Lender suhordinatmg the lien to this Security Instrument. If tender determines lhatlln)' part of
<br />Ihe Properly IS ,uhlccl 10 a hen which may attain pnomy over thIS Security Instrument. l.ender may give Borrower a
<br />nOllce ,denTlfYlng the lien RorTower shall sallsfy the lien or lake one or more of the IICticms set forth above tlIithin IOdays
<br />of t he gIving ~"'f !!ntlce
<br />5. Hazanll_raRCe. Borrower shalll..eep the tntl'rovements now e~lsting or hereafter erecled on the PTOfICrty
<br />tIl,urcd agalns! I",s h~ fire. haz<trds Illcludcd ",nhmrhe lerm "e~tended coverage" and any other hazards for which Lender
<br />r...qUlr'" Illsurane'" ThiS IIIsuranc" ,hall be m:lIl1lamed III Ihe amOUlllS and for the peri,l<!s thai l.ender requires. The
<br />Ill,urance carTIer I'Hwullllg the ,n,urance ,hall be chosen hy Rorn'wer suhJect tn l.ender's approval which shall not be
<br />Ilnrea"lI1ahl~ "Ilhhcld
<br />,l>.lInuufiln"c p";,ue, and renewals shall be acceptable 10 L.ender and shallmdude a standard morlglll\C clause.
<br />Lender shall ha", the nlllll to hold the poliCies and renewals. If Lender requires. Borrower shall promptly give to Lender
<br />all re<:Clpls of r,nd I'ren1m1n' and renewal norieL", III the I:vent of loss. Borrower shall give prompl nolK.'l: 10 the insurance
<br />o:arTler dnd I.ender Lender may make proof of 'n" if not made promptly by Burrower.
<br />links, LcnJer and Borrower nlherwlse agree in writln!.!. IIlsurance proct'l'ds shall he applied 10 restoration or repair
<br />.,r the I'wpeny damaged. If the resrllratwn or repair is cconomically fe..sible lInd Lender', security is nOI lessened. If the
<br />reslOfllllon or repair IS nor ccononllcally feasible or Lender's security would be lessened. the msurllnce proceeds shall be
<br />applied In Ihe sums seo:ured lw thl' Secunty Instrument. whether or not then due. with llllY e~ces.s paid to Borrower. If
<br />Borrower abandon, the Properly. or do..... not answer within ,,0 days a notlc<' from Lender Ihat the insurance clIrrier has
<br />offered to scule a claim. then L..'nder may collect the insurance proCL-cdS. Lender may use Ihl' pnl<:eeds to repair or restore
<br />fhe ProperlY or rll pa~ sum, .....cured I>y lhl' ScCUftty Instrument. whether I.-r nm rhen due The .1()'day pericl<! will begin
<br />when lhe notice IS It,,'en
<br />UI1I~, Lender and Rorwwer olherwlst'agrec 111 "'riling. any applimtlon of proceeds to prinCIpal slillllnot extcnd or
<br />posrpoflt' the dUt' dale of the m"n!hl~ pa~'rnellts referred to III pllragnlphs I lInd 2 Of change the llmount of the payments If
<br />under para!lrllph III Ihe I'rnperl~ IS acqulfed II} Lender. Rorn""cr's fight tt' an~ IIIsurance policlc, lInd proceed, resulting
<br />from damllJlte tothe Pmpcn~ prior to rhe llcqlllsillon shall pass rn Lender to !he e'!cnt of the 'lints secured l1l thIS Sel"UTIlI'
<br />Inslrument immedllltclv pTlm tn rhe acquISitlfln
<br />6. Prnervlltifm and MainlftlllftCt" or f'r~rty; l.eueholcls. Itorrow"r ,hallnol ,ksrrol. damage ,'r suh,ranlialh
<br />i.."hanlJt: the PrllflC'rt~. aUt'" the Pruflt'"r!~' to detef1ul"aU~ or (:ornmu wa'h.~ If dll' St't,,:Hnf~ hl'~Jrunu.-nt I~ ~m a lea...t.'hnld.
<br />8;.rro"er shltll ""011'1\ "lIh lh" I'Tll"""'" "fth., lea,,,. :Hld ,fll"",,,,,,r '''''l'IlfC' ft-.. !ltk In I Ill' !''''pall Ihe lea,ehold "nd
<br />fee rllk shalllln1 rner!ll' 11111.....' honde, "~rces '0 lh,'merger 111 wnllll~
<br />7, Prot<<tion of I~mkr's RiJdth in the f'rOfWTt~.: '!llrt..lIt. In,urIlRcc. It IInnn"", fOil!, I" Ilt'rf....nl Ih"
<br />r.::O\ieuant"i inK! aftrccmcnl... ('(lflhu!f1t.'d In tlu.. S-el'unty In'-ll rllmen!. 1 'f there ,.., :1 kg.i11 prl~..:t'l'dm~!. 1 hal m;l\ "1~l11tll,:;llllh ath'l'f
<br />I.ender-." n~ht, III ~hl' Pr(lper1~ f'oturh it\;t proct"edU1~ III hankruph"\, f'rnhlll', tot l'OIHknHl;lllnlll,\f III en!ln(r la\\, (if
<br />rt"~uI3tlnn\). then Lt'nder flU!\' lip aud flft~ for \\'ha1t:'\t" ,,, nerl;''''''an 'p prl,'ll'~:' tht. \ alul' (If I hl' PrilPt'!'I\ and Il'IH.il'r', n~hh
<br />In rhe l'rnfl('rty Lendt'r'... al"lIOfft... may mdudt' pavHlr JIl\ ""Ulth ...f.... urnl h\ it Ill"l \\hlch h;p, I'r\!HI!\ !I\{'! tht... St'dln,\
<br />In\'fun..enL appear1n~ Hll,.'oun, paYln~ It".-IIo,i1n.ihk alh'.'Ht'\'" 1t"t..... alld ('lI\('rlTl~' \111 It!:' PI-open, 1,' !ilab.t' l'l'patr... ,\l;hl'uph
<br />I.(~tu.lcr mia} takt, df.;1IOJI u1HJeT rtn" paril~r.lph - It.'fHler dne" not halo t' to dn ..; I
<br />^n~ t!rtlnunt'<1 dt...hur...ed l'l<~ I.endn tHHkr rllt... raratlraph ... ..h.dl hnnnlt. ,t>.hll!H'I1;il dt'hl '-II BI'ITi'"t'! "'l'\.'(urd 1'1\ ! h""
<br />~:urllv Jnii.tfum~tl! [:01<:"", ltOl'rll\\ef iUHi I cud,', ar:rt'l' l(~ 11lht'l' l,'nn'- ,'! 1',1\ rlu'n' 11l,'..e ;lIllt'llllh ',ILl!! h~';1I l!lrl.f(....~ tl<~!l1
<br />the dart' d dK--huf"bCtttl'Ht at 1tH' '\;lllr r,tlr and ..h.tll ht' p;1\;lhk \\nh !llh'lt,:...r IIP,lfl 111'11,1' ::,llll I rndt'! I, 1'1\11.'\\,'1
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