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<br />84 - 006791
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<br />UNIFORM COVENANTS. Borrower ancl Lender covenant and agree as follows:
<br />1. ...,...... of PrineipM ... IIdenlst; PrepaJlDOllt ... Late Charles. Borrower shall promptly pay when due
<br />the principal of and interest on the debt evidenc:ed by the Note and any prepayment and late charges due under the Note.
<br />2. F1IIlds '01' TIlXtlI_I-. Su~t to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthJy 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)yeaiJy
<br />IClasehold payments 01' ground rents on the Property, if any; (c) yearly hazard insurance ~and(d)YCillrly
<br />11KlI1JI'IC insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds dueon,the
<br />besis of current data and reasonable estimates offutwe escrow items.
<br />The Funds shall be held in an institution the deposits 01' accounts of which are insured or BUllI'lUlteed by II federaJor
<br />Stale apncy (including Lender if Lender is such an iMlitution). Lender shall apply the Fundsto pay theescro'Wi~,
<br />Lender may not charse for hoklint and applying the Funds, analyzing the account or verifyins .the escrow items;~
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower aDd
<br />Lender may agree in writing that interest shall be paid on the Funds. Unless an agreement is made or appticabIe law
<br />requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnilllll on the Funds. Lender
<br />shall give to Borrower, without charge, an annuall&CCOU!ltins 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 fOl' the swns 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, the excess shall 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 suflicient to pay the escrow item.\ when due, Borrower shall pay to Lender any
<br />amoum 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 shall promptly refund to Borrower
<br />an)' Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender, Lender shall apply. no later
<br />tllaR immediately prior 10 the sale of the Property or its acquisition by Lender. any Funds held by Lender at the time of
<br />~tion as a credit against the sums secured by Ihis Security Instrumenl.
<br />3. AppIladoa of Paymen... Unless applicable law provides otherwise. all payments received by Lender under
<br />par~ I and 2 shall be applied: first, 10 late charges due under the Note; second. to prepaymenl charges due under the
<br />Note; tmnt. to lUllOunts payable under paragraph 2; fourth, 10 interest due; and last. 10 pnncipal due.
<br />4. CIl8raes; Lieu. Borrower shall pay all taxes, sssessments. charges, filles and impositions attribulable to the
<br />~y which may attain priority.over Ihis Security Instrument. and leasehold or ground rents. if
<br />Borrower wll pay theSe Obliiationsln- the- marinefprovldediil paragraph -2; or ii I\(){
<br />pay them Oft tllllC directly to the person owed payment. Borrower shall promplly to Lender all notices of amounts
<br />Ie be paid under Ihis paragraph. If Borrower makes these payments directly. Borrower shall promplly furnish to Lender
<br />recetpU e'Videncmg the payments.
<br />Borr~'f:r shall promptly discharge any lien which has priority over thiS Secunty Instrument unless Borrower: <a)
<br />~ III writing to the payment of the obligation secured by the lien ill a I1WIIlCf acceptable to Lender: (b) conlests in good
<br />faith the lien by. or defends agaillllt enforcement of Ihe lien in, legal proceedinp wmdl in the Lender's opinion operate to
<br />prev-ent the enforcement of the lien or forfeiture of any part of the Property; or (e) secures fTom the holder of the lien an
<br />~ satisfactory to Lender subordinatins the lien to this Security ltulrumenl. If Lender determines thaI any pan of
<br />lhe Property' IS subject 10 a lien which may attain priorit)' ()'Ver Ihls Secunty Instrumenl. Lender may give Borrower II
<br />noIice identifyinS lhe lien. Borrower shall satisfy Ihe lien or take one or more of the actl<lflS 'ie\ forth above within 10 days
<br />of the p\'iftl of noIice.
<br />5. HuanlllIIIUnIIICe. Borrower shall keep the impro'Vements !lOW' Clusting or hereafter erected on the Property
<br />i_red against Iou by fire, hazards included within the term "extended co\"Crage" and any other hazards for which Lender
<br />reqwres illllurance. This insurance shall be maintained in the amounts and for Ihc penods that Lender requires. The
<br />i_ranee carrier providing Ihe insurance shall be chmen by Borrower ..ubject to Lender's approval which shall nol be
<br />Wlr~y withheld.
<br />All inwrance policies and renewals shall be acceplllble to Lender and shaillnclude it slandard mongage clause.
<br />Lender ,hall ha~e the riiht to hokllhe policies and renewab If Lender rallllro, Borrower shllll promptly give 10 Lender
<br />all recciplll of paid premiums and renewlll notices. In the evenl of IOIC\, Borrower shall give prompt nOlice 10 the insuran~e
<br />carrier and Lender, Lender may make proof OflOllll if not made promptl) by lJorrower.
<br />Unless Lender and Borrower otherwise agree in wrilinl. insurance proceeds shall be applied 10 restoration or rePloir
<br />of the Property damqed, if the restoration or repair is economically f_bIe IInd lender's security' IS lIot l~. If the
<br />restOflltion or repair ill not <<onomically feuible or Lender's secunl)' would be IClI..'OCned, the IllllUnUlCe pnlCeeds shall be
<br />app!ied to the SUmIl !lCCured by Ihis Security Instrument. whelher or not lhen due, with lln)! excess paid 10 BOffOWCf, If
<br />1IorrowC1' allMd<lflS the Property, or doe!; noI answer within 30 da)'1ll!. noIiee from Lender Ihlll the Ill"urance camer hlls
<br />mr.cd to seult' II claim, lhen Lemler may collect the insurllnce proceeds. Lender may use the proceed\ to repair or mtore
<br />the Property' or to pay mms secured by' Ihis Security Imurumenl, whether nr not Ihen due. The :;O.dllY penod Will begm
<br />when the noIice ill s,iven.
<br />Unlells Lender and Borrower otherwise IIgree In writing, 1I11Y llpplication ofproca:ds 10 prmclpltJ shllllnol eMend Of
<br />JlO!Itponc the due date of the monthly payments referred 10 in paragraphs land 1 or .hanle lhe lImoUlll nf the pllymel1ls If
<br />tinder par_Ifllph 19 the Property is ac4luircd by Lender, Borrower's llllhllO IIny insurance rollne. and pr'''-'fi.',h r~ullmil
<br />from dam. 10 the Propeny prior 10 the llcqu~.ilion shall pL'S \0 Lender 10 Ihe ,'Melli nflh,~ sums wl'lITai b) this Set'urll)
<br />Iftstrllll1mtlmmedllltely pnor III the acqulMtion.
<br />6. Itr_.._" _ MaiMeNIMC! of~; l.euehokllt. Borrower ,hIl1l11l11 de-u"y, dllmitf1e ,'r 'ubstlllllllllly
<br />.. the rr{>p(fty, II110w the Property II' deteriorale or cummll wasle, If tillS ScL'Uflly In,trumelll 1\ ,'" a Ica-.:hold,
<br />h_1 sJttil comply wilk the pm'o'isiollll of the 1_, and if llorwwer lIl'l.jUlre-. fee !IIle ,,, the l'roI'CrlY. Ihe IC<lwh"W alld
<br />fee htkt.1I not me1'1€ unktH tender llSrees 10 Ihe merller III wrilillll'
<br />7, ~.. III IMMIer'. Rleltlll ill the Property; Mottpp l_ralKC', If 1J<,ITI,wo:r filII-. I" l'CII"lIll the
<br />_llUnl~ !Vl41ii1~llb ,:onlairltld III ,hiS Security Inslruml:'l1l, or ther'e IS 1I1eillll !,!,,,.Ct'dmlj,lhllI1l1i1Y '1Illlllkjlf1tly 11"""1
<br />~f~ .3 in the Property (lIu<:h liS II I'HlCeeditllil in bankruptcy" rmbate. 1".. nllldcflUlltlWIl ,'1 hI cnl"H<:c I..",s ".
<br />then tender may do PIId pay for whalever IS ne"~ary to I'w!el'lrl1e '1I1t1c "flh,~ PmllC:ll) "lid I,'fhler'" flllhh
<br />PW~l'ty. t'lNHf'~ kliow; mill' Inch,lde llaymlllny sums seL'uIl'l1 hy a 1"'11 Whldl ha, pn,'rlly ,1\('1 I111S St"'III11\
<br />II1OIItIM_nl, III ':Hurt, p~Ylni r_mllble lI11omey~' fees illld cJller1l1l:l I'll Ihc I'n'I"-rty 10 tIIl1ke IL'I'''I1'' ..\III1<1I1;1h
<br />lA~ moly a<;1l<JllliINH1IhI!II'lUaliraph 7, Lt'n&:ruoeli nol hll\<: to dO!;<l
<br />,\ny _l'Ullh dtwbur'OCd try I...tnder unlkr Ihl~ paril3rllph 1 shall he"lIl11c lllldlH"lllll <il'hl ,,111011"\\1'1 "1','111<,<1 bl t II"
<br />~~flly I,"UI!~"1 UnktH !t01Wlllct ~nd I.~"d<:r IIlr" 10 Hlher terms ", I'i'YIlI,ml, Ihc,,!' IIm"lHtf, ~h"lIlw,u 1111 I' ""t fr,'OOl
<br />1M UllI' ,j( <I~r_'11 "I Ihc Nrl1<1 fille lint! '"nil ~ rlll,,"hle. "1111 HlI<'rC_f. U["'1I ""t"" r,"1lI I "lid", h' U"""'\(I
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