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<br />UNIFORM CoVENANTS. Borrower and Lender covenant and agree as follows: 84. - 006761
<br />1. Pa,... of PriaeipaI ami Iatenst; ~ ami Late CItarps. Borrower shall promptly pay when due
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and late clwges due under the Note.
<br />1. FiHtdI for Taxes aIIIIl--.ce. Subject to applicable law or to a written waiver by Lender. Borrower shall pay
<br />r. to Lender on the day monthly payments are due unckr the Note, until the Note is paid in full, a sum ("Funds") equal to
<br />.. one-twclfth of: (a) yearly taxes and assessments which may attain priority over this Security InstrUment; (b) yearly
<br />~payments or ground rents on the Properly, if any: (c) yearly hazard insu1"lUlCCprenUums; and (d).yady
<br />mortgage inSUfaDCC premiums, if any. These: items are called "escrow items." Lender may cstimatetheFuadsdue on the
<br />basis of cummt data and reasonable estimates of future escrow items.
<br />The Funds shall be be1d in an institution the deposits or accounts of which are insured .or gual"\llteed byafederaiOT
<br />sta&e aaency (includiq Lender if Lender is such an iMtitution), Lender shall apply the Funds to paytac elIerOW~
<br />Lender may not charge for holding and applying the Funds, analyzing the account or verifying tbeeserowitclnsi~ss
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br />Lender may acree in writing that interest sha1I be paid on the Funds. Unless an agreement is made or apptiCab1eJaw
<br />requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />sUll give to Borrower. without charge, an annual accounting of the Funds showing credits and debits to the Funds lUldthe
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by
<br />this Security Instrument. .
<br />If the amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to
<br />the due dates of the escrow items. shall exceed the amount required to pay the escrow items when due. tac excess sbalJ be.
<br />at Borrower's option, either promptly repaid 10 Borrower or credited to Borrower on monthly payments of Fuads. If the
<br />amount of the Funds held by Lender is not sufficient to pay the escrow items when due. Borrower shall pay to Lender any
<br />amount necessary to make up thc deficiency in one or more payments as required by Lender.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower
<br />any Fuads be1d by Lender. If under paragmph 19 the Property is sold or acquired by Lender. LendersbalJ apply. no later
<br />than immediately prior to the sale of the Propeny or its acquisition by Li:nder. any Funds held by Lender at the time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />3. AppIiatioa 01 Pa)'mlllltS. Unless applicable la..... 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; founh, to interest due; and last, to principal due.
<br />4. CIIIIr1Ies; LIeIIs. Borrower shall pay all taxes. assessments, charges. fines and impositions attributable to the
<br />----..~ Propeny....wnich---1t11i)~-.na.n prioril} ove" -thi~-~urity-'ilWtuiiicll-t;-Qdd ;~:lv1J ~,Jj:'''~~t,)l ui e..v...i:''': rcnb,...f-iUij;---.-~:-- - '-'._","
<br />Borrower shall pay these obligauons in the manner provided in pamgmph 2. or if not paid in that manner, Borrower shall
<br />pay them 00 time dire<.'tly 10 the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />10 be paid under this pamgraph. If Borrower makes these payments directly, Borrower shall promptly furnish 10 Lender
<br />receipts e\'ideneing Ihe payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the paymenl of the 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 enforcemenl of the lien or forfeiture of any pan of the Propeny; or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any pan of
<br />the Property is subject to a lien which may attain priority over this Security Instrument. Lender mllY give Borrower II
<br />notice identifying the lien. Borrower shall satisfy Ihe lien or take one or more of the actions set fonh above within 10 days
<br />of the giving of notice.
<br />5. Huanll_. Borrower shall keep the improvements now exisling or hereafter erected on the Propeny
<br />ill5Ured agailllltl~ by fire, hazards included wilhin the teon "extended coveragc" and any olher hazards fnr whICh Lender
<br />requires illllurance. This inllurllllCe shall he maintained in the amounts and [", the periods that Lender requires. The
<br />insul'llllCe carner provldlnlthe msurallCe shall he chosen by Borrower subject to Lender', apprcl\'aJ which shall nOl he
<br />unreasooably Withheld.
<br />All IDwI'llllCe policies and renewals shall he acceptable to Lender and shall include a standard morlgqe cmuse.
<br />Lender shall have the "lIhlto hold the policiCll and renewals. If Lender requirCll. Borrower shall promptl~ give to Lender
<br />all receipts of paid premiums and renewal notices. In lhe event of !elliS. Borrower shall givc prompt nOlice to the insurance
<br />carrier and Lender. Lender may makc proof oflOlis if not madc promptly by Borrower.
<br />Unless Leud<:r and Borrower Olherwise agree in writing. insurance proceeds shaillle applied to restoration or repioir
<br />of the Property damaged. if the relltoration or repair IS economically' feasible and Lender's security IS nOl lessened. If the
<br />restoration or repair is oot economically fc:awble or Lender's !iCCunty would he losened, the msurance proceeds shall be
<br />~ to the _ liCCured by this Security Instrument, whether or IIOl then due. with any ellCCSII paid to Borrower. If
<br />Borrower abtmdom the Property. or does not answer within 30 days a notice from Lender that the insurance carrier hM
<br />oI'ered to !lettle II claim, then Lender may collect the insurancc proceeds. Lender may use lhe proceeds to repair or restore
<br />the Property or to pay SUIm secured by this Secllrny Inslrument. whether or not then dUe. The 30-day period will begm
<br />when tile notice is given.
<br />Unlas Lender and Borrower otherwise agree in writing, any application of proceeds to principal shaH nol elllend or
<br />polItpooe the dlle date of the monthly payments referred 10 in paragmphs land 2 or change the amount of the payments. If
<br />~ pal'llj;l1aph 19 the Proper!.)' iSlIl:qlltred by Lender. Borrower's right to any insurance policies and proceeds a-sulting
<br />from damage to the Property prior to the acquisition shall pass to Lender In thc eMent of the sums secured by this Security
<br />IMtrumenl unmediately prior to the acquisition.
<br />6. Pn1terYation ami ~ of Property; 1..eueItoWI. Borrower shall nol dcstroy, damagc or subslanllall)"
<br />chaniC lhe Property. allow the Property to deterioratc or commil waste. If this Security Inslrument i, on a lea,chold.
<br />1hs'l'1J'NeI' shall comply with the provisions oflhe Ic:ase. and if Borrower acqUlrCll fee title to the I'mpcm, Ihe leasehold and
<br />fee ltlle tllailllOlll'lCl'lC unlas Lendc:r agree1llo the merler in writing.
<br />7. ~ of ........, .1tlPts in the Property: Mort... 11mlJ'1IR<<. If BOl'fHWCr fiuls tn 1"'1'1'01'111 the
<br />_Mli _ agr_llls f;olllained in this Security InlOlrument. or there IS a legal pl'Ol'C\'ding Ihal may "1I,!llkllnlly affect
<br />~'li flpt~ in the PTlllllerty (such a5 a pmeeedinSID bankruplcy, probale. fill' COndemlllltll1nur It! enforce law, 01'
<br />~1OlIll1. thfll Lemler may do and pay for whatever is nlXC'\sal'Y to pmtt:l:t the value of Ihl' Pr()pcf'lY and lender', f'Igllls
<br />m tlM Prl~ny. Lerlder"s actions may indude paYlDllIflY Sllm~ ~ecllrl'd by a lien whkh Itll~ pf101l1y Ilvcr thi' SeclInly
<br />L IMtfllllMflt. ~1I11 In l:Ollrt. payinj.\ I'clalK)fuwle attorneys' fet'$lIl1d cllteflllll on the I'l'0pel't)' to make repl1lr~ Altlmlljlh
<br />tender filii)" 111M at:lIon IIJt<.kr IhlS Illllallfllph 7, I"endtr does not hllve 10 do so.
<br />All)" _ulllull!>blilt~ by Lemler under this pllrallraph 7 dill II bt:.;ollle addililllllll,kbt of ROTrowcr 'cllHed hy Ill"
<br />5a:wity IMtm_lll. Uni<<Ml f.lorl'll\\fcr fIInd Lender agte<: 10 olher tetm, ,,/' payrnenl, IlIese anlllunh ,!lallt>e..r IIIlercsl fn'll1
<br />tile ~ of d~rwnlellt ..t the Nllte ralC and shallt>e l>4IIyallle. Wllh Intcre~1. "I"lll ,,,,Ut',, f""f1l I "".It', II' IllllT"'''''
<br />r~IDI p1lI)"rrHitllt
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