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<br />00656<1
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<br />UNIFORM COYENANlS. Borrower and Lender covenant and agree as follows;
<br />I. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note,
<br />2, "'unds for Taxes and Insurance. Subject to applicable law or to a wrilten waiver by Lender. Borrower shall pay
<br />10 Lender on the day monthly payments are due under the NOle. until the Note is paid in full, a sum ("Funds") equal 10
<br />'JOe-twelfth of: (a) yearly taxes and assessments which may altain I>riority over this Security Instru;mmt; (b~yeady
<br />leasehold payments or ground rents on the Propeny, if any; (c) yearly hll7.ard insurance i>FemiUll1s;.~~(
<br />mortgage insurance premiums, if any. These items are called "escrow items." Lender may eslimate. the Fu~~ .
<br />basis of current data and reasonable eslimlltes of future l.'SCrow items, . .
<br />The Funds shall be held in an institution the de(l(lSits or accounts of which are insul'fJ(i orgUllr
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Fundl>to
<br />Lender may not charge for holding and applying the Funds. analyzing the account or verifYifti
<br />Lender pays Borrower interest on Ihe Funds and applicablelllw permits Lender tomakesucltai
<br />Lender may agree in wriling that interest shall be paid on the Funds. Unless an asreememis~
<br />requires interesl to be paid. Lender ;hall nut be required to pay Borrower any interest or earnings on t
<br />shall give 10 Borrower. without charge, an annual accounting of the Funds showing credits and debits to tile
<br />purpose for which each debilto the Funds was made. The Funds are pledged as additional securilY for the sums
<br />this Security Instrument. . . </,
<br />If the amount of the Funds held by Lender, together with the future monthly paymentsofFuadS'~
<br />the due dates of the escrow items. shall exceed the amount required to pay the escrow items whendile, tile eXcess
<br />at Borrower's option, either promplly repaid to Borrower or credited to Borrower on monthly paYments ofF~.If-
<br />amount of the Funds held by Lender is nOI sufficient 10 pay the escrow items when due, Borrower sball pay to~
<br />amount necessary to make up the deficiency in one or more payments as required by Lender.
<br />Upon payment III full of all sums secured by this Security Instrument. Lender shall promptiyref\md to
<br />any Funds held by Lender. If under paragraph] 9 the Propeny is sold or acquired by Lender. Lender shaUappl
<br />than immediately prior to the sale of Ihe Property or its acquisition by Lender. any Funds held by Lenderlltt
<br />application II. 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
<br />paragraphs I and 2 shall be applied: first, 10 late charges due under Ihe Note; second. to prepayment charges d~~t',t
<br />Note; third. 10 amounts payable under paragraph 2; fourth. 10 Interest due; and last, to principal due, .... .<.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments. charges. fines and impositions attribut~,t()
<br />Property which may attain pnority over Ihis Security Instrument, and lea.~hold payments or ground . rentS, if
<br />Borrower shall pay these obligations in the manner provided in paragraph 2. or ifnot paid in that manner. Borrower
<br />pay them on IIme'dlreclly to the persOll<)Y;.crlpayment. Borrower shall promptly furnish to Lender aU notlCCS ot~
<br />to he paid under this paragraph. If Borrower makes these payments directly. Borrower shall promptly furnish to.Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />agrees III writing to the payment oflhe obligation secured by the lien in a manner acceptable to Lender; (b) contests in good
<br />faith the lien by. or defends against enforcement of the lien in. legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeiturl' of any part of Ihe Property: or (c) secures from the holder of the Iicn an
<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of
<br />the Property is subject 10 a lien which may altain priority over Ihis Security Instrument. Lender may ghe Borrower a
<br />notll:e Identifying the lIen. Borrower shall satisfy the lien or take one or more of the aClions set forth above within 10 days
<br />oflhe gi\lIlg of no lice.
<br />5. Hazard Imurant:e, Borrower ,hall keep the impnwemenls now existing or hereafter erected on the Property
<br />lO,ured agamsllo" I;y fire, hazard, Included wuhin lhe term "e.,tended coverage" and any other hazards for which Lender
<br />reqUIfl:' "'suralh:<'. ThiS In'urance shall be mallllallled In Ihe amoullts and for the periods that Lender requires. The
<br />lIl,urance l'amer pronding the IOsurance shall be chosen by Borrower subject 10 Lender\ approval whit.il shall not be
<br />unrca,<mahly"nhheld.
<br />All In,urance pohcles and renewals shall be acceplable to Lender and ,hall include a standard mortgage clause.
<br />Lender shall haw the right 10 hold the pohe'ies and renewals. If Lender require,. Borrower shall promptly gi\'e to Lender
<br />all receIpts of paid premiums and renewal nolicl.'S. In the event of loss. Borrower ,hall give prompt nOlice to the insurance
<br />carrier and Lendcr. Lender may make proof of loss ifnol made: promplly hy B.rrower.
<br />Unless Lender and Borrower olhcrwlsc agree III wming, Insurance proceed, shall be applied to restoration or repair
<br />of the Property damaged. If the restoration or repair is economically feasible and Lcnder's security is nol lessened. If lhe
<br />restorallon or repair is not ce'onomleally feaSIble or Lender's security would be k'Ssened. the insurance proceeds shall he
<br />applied to the 'urns secured by this Seeurit), Instrument, whether or nOI then due. wilh allY e~cess paid 10 Borrower. Ir
<br />Borrower ahandon, the Property, or does not answer wilhin .\0 days a notice from Lender that the Insurance carrier has
<br />llfl'ered to settle a dalm. then Lender may collectlhe insurance pfllceeds Lender may use the proceeds to repair or restore
<br />the Properly or to pay \Il1n' seeurl'd hy till, Security Instrumel1t. whethl'r or l10t fhen due. The .I0-day period will begin
<br />when the notice I' given.
<br />Vnlcss Lemler and Borrower otherwise agree in writing, an, apphcalllln of pn"<~cds 10 prinCipal shall not extend or
<br />pu"tpone the due dale of the monthly paymenls rl'ferrt'd 10 in paragraphs I al1d ~ oll'hang<' the IImOUl1t "f lhe payments. If
<br />under paragraph III the Property IS 'l<"~U1red hy Lender, Borrower', r1!!ht I.) arl\ II1'Urall(<: !,,'lie'lt's ,lilt! prncel-d, fl"ultmg
<br />fwm damage I" the I'wpeny prior 10 the <lC'llUsllion ,hall pass to Lendt'r 1(' Ihe nlenl of thc 'Ul11' "'l'url'lll" fhl' Sccuntv
<br />lnslrllmen' ImmedIately pnor 10 the aC'lulsltioll . .
<br />6. Prnervation and Maintenance IIr Propert).; Leaseholds. nllrn"H'1 ,h"III111' dl'stfl", d'"""IlC"1 ,"hstalll!;III,
<br />.:hallgc Ihc "wpt'r!v, allow thc I'roperl, to deteriorale Ill' COlllmlt waslc. If II", ScnJrIl\ Jr",'rll""'1I1 'IS 'HI ,I kasdlnl,j.
<br />Horwwer ,h;$1I ulIllply wllh Ihe prOVISlIllIS of the lea,,', "lid If BOlnmn ;l<"qUII'" fee tlli<' III ,ht' I'I"PCrfl. Iht'le"sdlold "lid
<br />fee wle ,imilllotlller~c \IlIle\\ Lemkr a~ree' 10 Ihe IllCr[!CIIrI 'Hltlllg
<br />7. I'roteclion IIf l.enck-r's Rillhts in the Properl)'; \1l1rtlllllle Insurance. If l\"lrll\\"! Lul, III pnl"lIll Ih,'
<br />cove-nanh .and agrec-mcrU1, \.'ll11totltlcd 111 th,,,, Se'~'unty In"-.lnllt1t'IlL 111 thc:rt, 1'. ,I 1(')Zall'r(lv,.t'dtTl~~ Ihal 111i.l~ "'1~~l1lh....\1HI~ atltYt
<br />Lender', r1gh(~ 111 the PrnJ"tt~rty l\w.:h ;t., a pnlt.'ct.'tiint! 111 hlllli\ruplr.\, pftlh;lk. fllr \..'(llHh'lllni.lfhltl III In t'llhlll:t' l.tW... 1\1
<br />regulation....}, tht:n 1.\'luier rna~ d~, and pa\' tnr whah'H'1' l' l1t'l.'e"',ar~ hl pnHl'l.:1 I tw \ alllt' j" I lit' Itn\l1l'n\ .l1ld I ('ndrt... lI,dlh
<br />In .tH.': Prllf"t',-r~ I.....'lth...r.., iU.:fllill"-. lIIla~ 1J1..:luLle J1;I~IIll! a1\\ '.\111\" \t'dlret.J h~ iI lit'" \\hh.h 1Ia.... ''1HIIII\ <'\l'f I Ill'.. 'c...:unt\
<br />In\Humt'HI. al)pednJ1~ UI ~:Pllrt. pa~HI~ ft.'a'unahle ;'U(lnH'~"" let'" .md t'nll'nll~~ llfllht, P'q't"l\ 'il !Il;lh.l' ft.-pal" -\lth\lUFh
<br />Lt'nd-rr ftla~ takl' 111:1100 IJI'I\k,' ,tll'\ para~raph '7, f .l'udt'J' doe' II1l1 ha'l' In tln..n
<br />An'\l' ;Jf110Ul1h ~h...hllr,,:~1 h~ I xfH.kr !Hitler (hPI f'~lfa,cr;lph ., -,hall htTtHlH.' addltltllLti ..k"l i,l" Bt1rt\\\\l't '\.... died h\ Itll....
<br />~(lHl11s' h.~t"lrunwfll "1'111.'"'' Bilnl)\ll(~r ilnd I t'1H..kr a~~n'l' In t 11 ht't fenn... nf 1';1\ rllenl, I h,.'",~' ;11111 'iliH" ...h,lIl h~',1I l!l tnt'''-l !11)1I1
<br />[he d.tff.' IIf (hlJ\btJr'tl'JW:111 .11 lhl.' 'J'-'!c T;jh' .\I.d ...hall he pa\.ihle, \\llh 1fIIt'n"t, 1'1'1111 l:pllll' lllllll 11'lhh" ,,, lil'lll'\\\"
<br />I'Et4Uf:."rua", pkh J1H.'fl!
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