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<br />84 -006780
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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />I. Payment of PrIRdpBI and IIltenSt; PrepaYmeIlt and Late CIIaraes. Borrower shall promptly pay when due
<br />lhe principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />Z. F.... for Tnes and 11IiSUI'lUlCe. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />r. to LenderwelA~of:the day monthly payment.~ arc due under tbe Note, until the Note is pahi~ i~!~I,. a sulm ("FUnds"(b) eq)" ual tlo
<br />one-t 1m : (a) yearly taxes and assessments which may attain priority over t tS """,unty nslrument; year y
<br />l<<asehokI payments or ground rents on the Property, if any; (c) yearly hazard insuranee premiums; and (d) yearly
<br />mort.. insurance premiums, if any. These items are called "escrow items." Lender may estimate the Fundi due on the
<br />basis of current data and reasonable estimates of future escrow items.
<br />TIle Funds shall be held in an institution the deposits or accounts of which are insured or gulltanteed by a federal or
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, ~
<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 thai interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br />requires interest to be paid, Lender sball not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall live to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for Ihe sums m:un:d by
<br />this Security Instrument.
<br />If the amount of Ihe Funds held by Lender. together with the future monthly payments of Funds payable prior to
<br />lhe due dates of the escrow items. shall ellceed the amoun' required to pay the escrow items when due, the excess shall be,
<br />at Borrower's option. either promplly repaid to Borrowcr or credited to Borrowcr on monthly payments of Funds. If the
<br />amount of the Funds held by Lender is not sufficienl to pay Ihc escrow items when due, Borrower shall pay to Lender any
<br />amount necessary to make up Ihe deficiency in one or more paymenls 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 Funds held by Lender. If under paragraph 191he Property is sold or acquired by Lender, Lender shall apply. no later
<br />than immediately prior to lhe salc of the Property or its acquisition by Lender, any Funds held by Lender at the time of
<br />application as a credil against the sums secured by this Securicy Instrument.
<br />3. A",1caticm of PaYmeIlls. Unless applicable law provides otherwise, all payments received b)' lender ander
<br />paragraphs land 2 shall be applied: first. 10 late charges due under the Note; second. to prepayment charges due under the
<br />Note; third, to amounts payable under paragraph 2; fourth, 10 interest due; and last, 10 principal due.
<br />4. CIlarps; LieRs. Borrower shall pay alllnes, a.~sessments, charges, fines and impositions auribulable to the
<br />-'-__n_p.~rl)'_.whKl1._ma_il!.llli.!L!lfJIlrit)_H.\1eL1b~_ln'trum..nl and leasehold payments or )tround__t~l!,.jf an~.:._._
<br />Borrower shall pay these obligations in the manner provided in paragraph 2. or if not paid in that manner, Borrower shall
<br />pay them on timc directly 10 the person owed payment. Borrower shall promptl}' furnish to Lender allllotiees of amounts
<br />to be paid under Ihis paralraph. If Borrowcr 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 unles.l Borrower: (a)
<br />qrecs in writin, to lhe payment of the obligalion secured b)' the lien in a manner acccptable 10 Lender; (bl conlests in good
<br />faith the lien by. or defends lIpinS! enforcemenl of the lien in. legal proceedings which in the lender's opinion operate to
<br />prevent the enforcemenl of the lien or forfeilure of any part of the Property: or (c) secures from the holder of Ihe lien an
<br />qrccmmt ,..tisfactory to Lender subordinating the lien to Ihis Securit). Instrument. If lender determines Ihal any part of
<br />lhe Propert)' is subjecl to a lien which may attain priority over this SecurilY Instrument, lender may giv'e Borrower a
<br />notICe identifyinl! the lien. Borrower shall SIltisfy thc lien or take onc or more of the a.:tions set forth abm'c within 10 days
<br />of the giving ofnolice.
<br />5. HuanllMUI'lIftCe, Borrower shall keep the improvements now existing or hereafter erected on lhe Property
<br />insured againstl<l5lI by lire. hazards included within the lerm "extended c(werage" and any other hazards for which tender
<br />r.ires iMurance. This insurance shall be mainlaincd in the amounts and for the periods that l.ender requires. The
<br />insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage c1au5oC.
<br />Lender shall have the righlto hold the policiC!i and renewals. If lender requires, Borrower shall promptly give 10 Lemler
<br />all receipts of paid prcmiums and renewal notices. In Ihe event of loss, Borrower shall give prompt nOlice to the insurance
<br />carrier and Lender. Lender may make proof of loss if not made promplly by Borrower.
<br />Unlesa lender and Borrowcr otherwise qree in writing. insurance proceeds shall be applied to rcsloration or reploir
<br />of the Property damaged. if Ihe restoration or repair is economically feasible and Lender's securily IS nOl lessened. If the
<br />raklration 01" repair is not economically feasible or Lender's security would be Ies.o;ened, the msurance procca!!. shall be
<br />applied to the sums secured by this Security Inslrument, whether or not then due, wilh any ellcess pllid to Borrower. If
<br />Borrower abandons the Property. or does not answer within 30 days II notice from l.ender thatlhe insurance carrier halo
<br />ofi'ered to settle a claim. then Lender may collect the msurance proceeds. lender may use Ihe proceeds 10 repair or reMOTe
<br />the Properl)' or 10 pay sums secured by this Secu.ily Inscrument, whether or not Ihen duc. The JO-day period Will begm
<br />when lhe notice is liven,
<br />lJn'-l.ender and Borrower otherwise agree in wrilmg, any appllcalion of proceeds 10 pnnciplll shall not e",rend or
<br />poMpom: lhe due date of the monlhly pllymenb referred 10 in pllragraphs I and 2 or chanl!le the amount of the J'llymenh. If
<br />under paragrapl119the I'mperty Illllcquired by Lender, Borrower\ righllO any insurance poliCies llnd ptoceed~ rt...uhinjot
<br />from dama3e to lhe Property prior 10 the acquisllion shall J'llSS to Lender ro the ellenl of , he sums secured t>v lhi~ Secunl\
<br />IMCrUIlletlt immediately prior to lhe llcquisition. . .
<br />6. rr-,atkm _ Maim_I! of Pre,erty; l~. Borrower shall not destroy, damage I'l ~ubSl:lI1l1all)
<br />l:~ the Property, alknl' the Property to deteriorale or commit waMe If chiS SeCllf1ty Instrument is on II leasehold.
<br />lormw4!f _II comply with theprovlslons of the 1_. and If Borrower acqUires fee lille tn the l'wpellY, the Ica~ehold llnd
<br />fW !llk.1I not mer~ lInlas Lender agrees lo,he meraer in wfltmg.
<br />7. ~ of LanRr', RIIIm ill the Property; Mortflllllll htllllranee, If Bormwel falls 10 perform Iht'
<br />iOOv_ntllllmt lItlrllCtl1ents wlllained m thiS Security In5lrumenl, or then~ IS a kgal proceeding Ihac nlll~' \Il!nllk,IIl'I~ affIX"
<br />~'5 riplt ill the Property (t~h a5 a proceeding in hankruplcy, pmoate. I'M ,'mulcmnatlon Of f<l enfoll'" law, 01
<br />feIl&lllhOI'l!ll. thefllcnfkf mil)' do and JllIY for wh4tever's Il..t:~'llr)' '0 prnleclche vahl<' oflhe I'roperly and Lcmler\ fI!lh"
<br />in t~ Pr1~)' Lender's llctlOl1S Ill,S)' inclulllI JllIying any sums '!C\:ured hy ,I Iit'll whl.1I ha, pllollt~ ''','r II1IS Se.;UIlI~
<br />L Il'IItrli_I, ~ll1g III tomt. rayi!llil r_mabk' allol'llll)'s' f~s and enterang on lhe i'wl'erty ", mllke rel'"I" Althoullh
<br />~ may tllkt'Kllofl UtKk'r this plItllllraph i. Lender don lit" ha\'e tndo so
<br />I\ny IIfllO\llllsahsllurwd by LCinder IInder ,hi, JllIlalitlllph 7 shall he':OIllC >1<111111<111;11 .kht or n.'.m",,". ,,'nlll'(l hy '1m
<br />!kcUTlI)' 11I:!!11Utl1en1 Vnlelos bmr(lwt~r and Lcnder llllree 10 other terrtl' ofpayrtlt'n!. II".,,' 1I1ll01l11" ,hall he", "'1"""1 rh'l1l
<br />t~ dllfe o( dlIDutlWrrnml III In.e No1e rale llnd ~hllll he raY'Ilt>Ic. Wlrh IIllert"!. "p"" ""II", fr"l1l 1"!llk. I" ""fI"W"1
<br />I~ma pII)'mt'IU
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