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<br />84....... 006708
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and qree as follows:
<br />1. Payant of PriIIdpal ud IDtereat; .....,.~ .... I... CIIarps. Borrower shall promptly pay when due
<br />the principal of and interesl on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />2. FluIds for Toes ud 1_ Subject to applicable law or to a written waiver by Lender. Borrower 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 taxes and assessments which may attain priority over this Security Instrument; (b) yearly
<br />lcucboId payments or IfOlUlCl rents on the Property, if lIDY; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortpp insurance premiums, if lIDY, These items are ca11ed "acrow items." Lender may estimate the Funds due on the
<br />basis of current data and reasonable estimates ofl'Uture escrow items.
<br />The Funds shal1 be held in an institution the deposits or accounts of which are insured or IVVlIIIteed by II federa1 or
<br />stale qency (inc:ludingl.l;nder if Lender is such an !nstitution). Lender sball apply the FUlldsto Jll>>' the eIICrOWi~
<br />Leader may not charge for bo1ding and applying the Funds, analyzing the account or verifying the eIICrOW items.,...
<br />Lender pays Borrower interest 011 the Funds and appIieabIc law permits Lender to make such a charp. BorroweI;".....
<br />Lender may agree in writing that interest shall be paid 011 the Funds. Unless an agreement is made or a~law
<br />requires interest to be paid, Lender shall not be required to pay Borrower any interest or earninp on the F1mds. Lender
<br />shaU live to Borrower, without charge. an annual accounting orthe Funds sbowing cmlits and debits to the funds and the
<br />purpose for which eacb debit to tbe Funds was made. The FUIIds are pledged as additional security for the - -- by
<br />this Security Instrument.
<br />If the amount or the Funds held by Lender. together with the future monthly payments or Funds ps.ysbJe prior 10
<br />the due dates or the acrow items. shall exceed the amount required to pay the acrow items when due, the exceg shaU be,
<br />at Borrower's option. either promptly repaid to 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, Borrower shaU pay to Lender l1li)'
<br />amount necessary to make up the deficiency in one or more payments as required by Lender.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shal1 promptly re6md to Bu. ...-
<br />any Funds held by Lender, If under paragraph 19 the Property is sold or acquired by Lender. Lendershallapply.lI01atcr
<br />than immediately prior to the sa1e of the Property or its acquisition by Lender, any Funds held by Lender at the time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />3. AppIicatioII of Pa,..a. Unless applicable law provides otherwise, all payments received by Lender UDder
<br />paragraphs I and 2 shal1 be applied: first. to late charges due under the Note; second, to prepayment r":ups due UDder the
<br />Note; third, to amounts payable under paragraph 2; founh, to interest due; and 1ast, to principal due.
<br />4. CUrpI; u.... BorroWer shall pay all taxes, assessments, charges, fi_ and impositions attributIIbIe to die
<br />-----Propmy~_priorit~\'er~lut-t,~~___ .."1::____,
<br />Borrower shaU pay these obligations in lhe manner provided in paragraph 2. or if not paid in that 1DlIIIIltr. Borrower shall
<br />pay lhem 011 time directly to the person owed payment. Borrower shall promptly furnish to Lender all nOIK1es ofamoutltS
<br />to be paid under lhis plIllIp'&ph, 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 unltss Borrower: (a)
<br />qrees in writing to the payment of the obligation secured by the lien in '2 manner acceptable to Lender; (b) contclts in pod
<br />failh the lien by. or defends against enforcement or the lien in. legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcement or the lien or forfeiture of any part of the Propeny; or (c) secures from the bo1der of the lien III
<br />asreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that lIDY part of
<br />the Property is subject to a lien which may altain priority over this Security Instrument. Lender may live Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br />or the living of notice.
<br />5. a-.t ~ Borrower sball keep the improvements now existing or hereafter erected 011 the Propeny
<br />insu.red against loss by fire. hazards included within the lerm "extended coverage" and any other hazards for which Lender
<br />requires insurance, This insurance shall be maintained in the amollnts and for the periods that Lender requires. The
<br />iMurance carrier providing the insW'llnce shall be chosen by Borrower subject to Lender's approval which shall not be
<br />uareasonably Withheld.
<br />All insurance policies and renewals shall be accqllable to Lender and sball include a standard mongage clause.
<br />Lender sha1l have: the riPt to bold the policies and renewals. If Lender requires. Borrower sha1l promptly live to Lender
<br />all receipU or paid premiums and renewal notices, In the event of Ios5. Borrower sha1l Blve prompt notice 10 the insurance
<br />carrier aDd Lender. Lender may make proof or loss if not made promptly by Borrower,
<br />Unlas Lender and Borrower otherwise a&Tee in writin.. insurance prtlCCllId& shall be apptied to restoration or repair
<br />of the Propany demapd. if the restoration or repair is economically feasible and Lender's security is not lessened. If the
<br />~ or repair is not economically feasible or Lender's security wou1d be lessened. the insurance proceeds shall be
<br />..... to the _ secured by this Security Instrument, whether or not then due. witb allY excess paid to Borrower, If
<br />~ ablUldoAs the Property, or does not answer within 30 days a notice from Lender that the insunmce carrier has
<br />...... to settle a claim. then Lender may collect the insurance proceeds, Lender may IIIC the proceeds to repair or restore
<br />tbe Pnlpeny or to pay sums secured by this Security Instrument, whether Of not then due, The 3O-day period wilJ begin
<br />__ the notice i5 .._.
<br />Unlas Lender and Borrower otherwise a&Tee in writin.. any application of proceeds to principal shall not extend or
<br />JIOIlPOM the due date of the montbly payments referred to in paragraphs I and 2 or change the amount of the payments. If
<br />under ~ 19 lhe Property is acquired by Lender, Borrower's right to any insllfllnce polICies and proceeds resultinl
<br />fromdalupto tbc Property prior 10 the acquisition sball pass to Lender to theelllenl oflhe sums secured by this Security
<br />IMtl'1lCMftt immediately prior 10 lhe: acquisitiOll.
<br />6. "'-'aden ud ~ of Properly; 111111IDhIs. Borrower shall nol desl my, damage or substantially
<br />clNmtc the Property. aUow the Pmperty to deteriorate or commil waste, If Ihis SecUfII)' InSlrumenl is on a leasehold.
<br />1orrowcrsba1l comply with the provitions of the IealIe. and if Borrower acqUires fee Iltle 10 lhe Property. the leasehold and
<br />fa title shaU not mefp un_ Lender asr- to the mefscr in writing.
<br />7. PnItecdo& of .......... RIthts in tile Pntperty; MOI1IIIe IMUnlIl<<. If Borrower fails 10 perform the
<br />cow_tsand apeemetlts contained in tbis Security Instrument, or Ihere IS Illegal proceedinglhat mllY Mlnifieanlly allecl
<br />~'5 ._ in tile Property (such lIll a proceedinl in bankruptcy, probale. for condemnatIon or to enforce Illws or
<br />resulatioot), then lmtdcr Illay do and plIIy fOf whatever is necnllafy 10 protect lhe value of the Properly and Lender's righls
<br />in the Property. LerlcIer's IICliom may inclu4e plIIyml any sums secured by a lien whICh has pnorilY over Ihls SecurilY
<br />L IMU~.lflI*anflllll court. plII)linll reawnllble atlorney5' fees and enlerlllll on Ihe Properly 10 make repllllrs AllhoUllh
<br />~ mey 1m acllO!! under thlli puqrlllph 7, tender does nol have ICI do so
<br />Any a..'toullts ditbllned by l.ender under this plIIra8raph 7 shall become additIOnal debt of Borrower secured by lhls
<br />Security Instrument, lJnlelll Borruwer and Lender agree 10 olher lerms of paymen!. Ihew amounts shall hellf Jnlerest from
<br />lhe date of ditbuNenKIII al the Note role and shall he payable, Wllh InrerC"Ot. "I''''. nollce from Len,lel' 10 Borrower
<br />rf':!-<<lllI plIIymenl
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