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<br />UNlf'OltM COVENANTS. Borrower and Leader cov_t and agree as folloYlS: 84 _006787
<br />1. ...,....., Prim:ipd -1IItenIt; .......,... .... Late C'IIlqes. Borrower shall promptly pay when due
<br />the principal of and interest 00 the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />1. Fuels lor Taxes ....11liIlII'8IIee. 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 thl! Note, until the Note is paid in full,asum ("FUfUk")CIl~.to
<br />one-twelfth of: (a) yearly taxes and assessments whkh may attain priority over this Security.IAstruIQORt;{1t) ~
<br />IeaehoId payments or &round rents on the Property, if lUly; ((;) yearly hazard irm1rancepremium&;and(d)~
<br />mot'tpfe insul"lUlCC premiums, if lUly. These items are caUod"escrow items." Lender may C$rimate theFUfUkdue($tl!e
<br />.... of current data and l'CllISOftabIeestimates offUture escrow items.
<br />The Fuads shall be iIeId in lUl institution the deposita or accounts of which are insured or pvanieed by lltcdcmd~
<br />... qency (includins Lender if Lender is such lUl institulion)..Lender shall apply the Fllndstl).,.,Y.tbe CSl.1rOW~
<br />...... may not charI' for hoIdinS and appJyinc the F1mds. anaIyzinS the account or wrifyinc the escrow i~,~
<br />Lend<< pays Borrower interest on the Funds and appticable law permits Lender to make such a ~~~
<br />Lender may agree in writing tha. interest shall be paid on the Funds. Unless lUl aarecment is made or.~!iW
<br />~ interest to be paid, Lender shall not be required to pay Borrower lUly interest or earninp on the Punds. Lender
<br />shall live to Borrower. without charge.lUllUlnual aecounting of the Funds showing credits and debits to the Funds lU1d the
<br />purpose for wkich cech debit to the Funds was made. The Fuads are pledged as additional security for the sums lIllC1Inldby
<br />..Security Instrument.
<br />If the amount of the Funds iIeId by Lender. toðer 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. the excess sW be,
<br />M 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 tl) pay the escrow items when due, Borrower shall pay to Lender any
<br />amount necessary to make up the deficiency in one or more payments as required b); Lender. .
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower
<br />lUly Fuads iIeId by Lender. If under paragraph 19 the Propeny is sold or acquired by Lender, Lender shall apply, no la1er
<br />than immediately prior to the sale of the Property or its acquisition by Lender, lUly Funds held by Lender at the time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />3. Application of PaylBeftts. Unless applicable law 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; fourth, to interest due; and last. to principal due.
<br />4. CItarps; Ucas. Borrower shall pay all taxes. assessments, charges, fines and impositioos attributable to the
<br />Property which may attain priority over this Security Instrument. lUld leasehold payments or ground rents, if lUly.
<br />-BoTtowftSiWi-jmy1he!ie obtiptimrrtiilnemlUlnet provided"lIrparagrnpn L, or It not paid mliilil man~---~'-------'----'~
<br />pay tltem on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />10 be paid under lhis paragraph. If Borrower makes these payments directly. Borrower shAll promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge lUly lien which has priority over this Security Instrument unless Borrower: <a)
<br />qrees in wriuna to the payment of the obligation secured by the lien in a mlUlner 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 forfeiture of any part of the Property; or (c) secures from the holder of the lien an
<br />asreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that lUly part of
<br />the Property is subject to a lien which may attain priority over this Security Instrument. Lender may give Borrower a
<br />notice identifying the lien. Borrower shall sati.,ry tbe lien or talc.e one or more of the actions set forth above within 10 days
<br />of the livin. ofnotice.
<br />S. HuanlIMUnIIICe. BOl"I"ower shall keep the Improvements now existing or hereafter erected on the Property
<br />iMwed against Iou by fire, hazards mcluded within the term "extended coverage" and any other hazards for which Lender
<br />requires insurance. This insurance shall be maintained in the amounts and for Ihe periods tha! Lender requires. The
<br />insurance carrier providina the insurance shall be chOliCn b)' Borrower subject to lender's approval which shall not be
<br />lIm'e8SOIIAbIy withheld.
<br />All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br />Lender shall have the risht to hold the policies and renewals. (f Lender reqUires, Borrower shall promptly ghe to lender
<br />all receipts of paid premiul1llI and renewal noticel&. In Ihe event of !~" Borrower shall gi\le prompt notice to the insurllll\:e
<br />carrier lU1d Lender. Lender may mllke proof of loss if not made prompt I)' by Borrower.
<br />Umess Lender and Borrower otherwise asree in writin&. insuralK'C proceeds shall be applied to rC!>loration or rcploit
<br />of tile Property datnapd, if the restoration or repair is economicall)' feuibk: and lender'!! S<<lJnty is not l~. If t~
<br />l'elikml.lion or repair is not economically feasible or Lender's secUrity would be I~. the insurall\:e pnJ\.'c:edl> shall be
<br />~ to too SlUM secured by this Security Instrument. whether or not then due. with MY excess paid to Borrower. If
<br />~ ~ the Property. or does not answer within 30 days a notice from Lender Ihal the insurance carrier hall
<br />otfefed to settle a chum. tl'len Lender may collect the inliuraoce pr~ Lender may use the prOl.'eCds 10 repair or re:;.tore
<br />too Property or 10 pay lIl.ImlI secured by !his Security (nstrumen!, whether or not then due. The JO.dll)' p.:riod \\'1Il bej,l.in
<br />whea the noti<< is ai-.
<br />Unless Lender and Borrower olherwise alree in wriling. any appliCllIlOll of pnX:eOOlI to prill\:ipalllhllll nol eSlend or
<br />~~ tM dw: date oft he monthly payments referred to in parasraphs land 2 or change rhe lImoUlll ofthe plI)'metlls. If
<br />~ plIfli8fapb 19 the Propert.y is acquired by Lender, Borrower's riShl to an)' insurance I"OIiC1C!> and prtX~eOOlI rCllultlllg
<br />from ~ 10 tMe Property prior 10 the ~quiJition shall plL'Ili to Lender 10 Ihe exlenl of the ~lIm~ Mo'\:urcd by this Securily
<br />Instr~ immedllltdy prior to the acqui&iliOll.
<br />6. rrue. ,.... _ Mamc~ of ~y; Lellleil.lM. Borrower shall nol dC\tHl)'. damasI.' Of subsllIl1tlldl)'
<br />e~ 11M rr~rty. allow lhe Property to detc:riorate or commil waste, If Ihh Securily InMrumcnt i~ 011 II lea~hold.
<br />Im-roweulgll comply with the pF<)vi8ions of the lehe,and if Borrower a.:qulrCll fl'C rille In Iltt I'wren)'. the lea~hold and
<br />"lide~1 not merpu~ LeruIIer liT_to!he merpr In ,,"'ritmat
<br />7. ~ of ~'. Itit!ll* ill . ~,.; M~ I~. If Borrower fail~ 1<. per/111m the
<br />_mum and lIj~'lent1I clmlJilinc,u in tlnll Secllrlly In!llrumerll. or Ih4:re is a lell31 rnl<:eOOlIlg lhat Illay Slllmfi':lIluly 1If1'<"c'1
<br />~'. .fl 1ft 1M Property (llllll;;ll all II i>r()l;~tfll ill bankruptcy'. pmb!llc. fnl .:,md~mlilhon "I In e!1f"h'(' linn "1
<br />~vlatioM), tM<< Lfndermay dOllnd ((:If' \O'Mlf\lff Ullll,",:~r)' 10 pl"\-.lCll:I Ihe \1I11.1!' nflhe Proflt,'ll) IInd lelll.kl\ II,hlS
<br />~ 11M 'ropu1y. tender'~, octWfls 1In1l~ allY Sllllnll ~lIfed by II !tell ~~II,;h h3S pflilrH) nHI rim ~'Ullll
<br />fmtrllltllml, IIP'J'1'11ll1flllS in t'mllt. IlttOnM)'S' f_and elllefllll! UI1 lhe 1'101l<:rI) In maKe repairs Airhoullh
<br />~f Illli)' rHIl !K:hlm under IflImIlIf~ 1. le~ dr~ 1101 tllllve In do....
<br />A.ll)' _llb \.llllbllrwd try lender IInder Ihl1lo plIl'lIiTllph i shall oo..'Ofne ilddll I<mll I ,khl "i h.mnwel ...",,,,,,1 11\ Ill"
<br />In!It~nL tJnl<~ Iklff01l11er 1100 tender "l'" In 0100:1 terms or J"i'ymenl. fl1\'~" Ml1\llJtll.S ,11.1111"".u Inll'''''' fn'HI
<br />1M .~ of d~IWmll1l1 al the NOle Fllle IInd ~hjj\1I hlI J"lIYllhk wllh Inlere'" 1I1"'11 ,,,.lhe fr"m I "!\lle, I,' !In'I''l\t'l
<br />f~ml plIyl'lw:tlll
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