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<br />84,-~ 006841
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<br />UNIFORM COVENANTS Borrower and Lender covenant and agree as follows:
<br />I. Payment of Principallllld Interest; Prepaymeat lIacI Late Charges. Borrower shan promptly pay when due
<br />the principal of and iRlerest on the debt evidenced by the Note an<l any prepay men I and late charges due under the Note.
<br />2. Funds fqr Taxes lIacIl_ranee. Subject to applicable law or to It written waiv..:r by Lender, Borrower shall pay
<br />to Lender on Ihe day monthly payments are due under the Note, until the Note is paidillfull,a sum ("Funds") cqtul1l~)
<br />one-Iwelfth of: (a) yearly taxes and assessments which may attain priority over this Security.lnstnllnent; (bIyearly
<br />Icuchold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; IIlld (d) yearly
<br />morlgage insurance premiums, if IIIlY. These items lire called "escrow items." Lender may estimate lhe Funds due on the
<br />basis of currenl data and reasonable estimates offuture escrow items.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br />state agency (including Lender if Lender is sueh an institution). Lender shall apply the Funds. ,10 paYi tb4 csct'Q\\'.itt:ms.
<br />Lender may nol charge for holding lIl1d applying the Funds, analyzing the account or verifying thCescrow,itCRL~ ~
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to m~e such a char.. ~;and
<br />Lender may agree in writing that interest shall be P41id on the Funds. Unless an agreement is made or applicable law
<br />requires iRlerest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to Ihe Funds and the
<br />purpose for which each debit 10 t he 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 P41yments ofFuRds payable prior 10
<br />the due dates of the escrow items. shall eltceed 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 />amounl 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 the deficiency in one or more payments a~ 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 19the Property is sold or acquired by Lender, Lender shall apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by Lender. any Funds held by Lender at the time of
<br />applicalion as a credit againsl the sums secured by Ihis Security Instrument.
<br />3. Application of Paymeats. Unless applicable law provides otherwise, all payments received by Lender under
<br />P41ragraphs 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 u"der paragrapn 2; fourth, to interest due; and last, to principal due.
<br />4. CIIarxes; Liens. Borrower shall pay all taxes. assessments, charges, fines and impositions attributable to the
<br />Property which may attain priority over 1his.~hnkL~ls or ground ren1s.-if any
<br />Borrower shall pay these obligalions in the manner provided in paragraph 2, or if not paid in that mllnner, Borrower shllll
<br />pay Ihem on lime directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph. If Borrower makes these payments directly. Borrower shall promplly furnish to Lender
<br />receipts evidencing the payments.
<br />BorrO\yer shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the paymenl oflhe obligation secured by the lien in a manner acceptable to Lender; (b) contests in good
<br />fllith the lien by. or defends against enforcement of the lien in, legal proceedings which in the lender's opinion operale to
<br />prevent the enforcement of the lien or forfeiture of any part of the Property; or (c) secures from Ihe holder of the lien an
<br />agreement satisfactory to lender subordinating the lien to this Security Instrument. If Lender determines that any part of
<br />the Property is subject to a lien which may altain priority over this Security Instrument. Lender may give Borrower a
<br />notice identifying Ihe lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br />of the giving of notice.
<br />5. Huard IftftnUICe. Borrower shall keep the improvements now existing or hereafter erecled on the Property
<br />insured apinst loss by fire. haz.ards induded ~ithin the term "exlended coverage" and any other hazards for which Lender
<br />requires insurance. This insurance shall be maintainoo in the amounts and for the periods that Lender requires. The
<br />insurance carrier providing the insurance shall be chosen by Borrower subjecl to Lender's approval which shall nol be
<br />u"reasonably \\':thheld,
<br />All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br />Lender shall have the righl to hold the policies and renewals. If Lender requires, Borrower shall promptly give to Lender
<br />1111 receipts of paid premiums and renewal notices. In the event of loss, Borrower shall give prompt notiee to Ihe insurance
<br />carrier and Lender. Lender may make proof ofloss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repilir
<br />of the Property damaged, if Ihe restoration or repair is economically feasible and Lender's security is not lessened. If Ihe
<br />restorllt1on or repair is 1101 economically feasible or Lender's security would be lessened, the insuflillCe proceeds shall be
<br />applied to the sums secured by this Security Instrument, whether or nol Ihen due, with any excess paid 10 Borrower, If
<br />Borrower abandons Ihe Property, or does not answer within 30 days a notice from Lender that Ihe insurance carrier has
<br />offered to settle a clllim. then Lender may collect the insurance proceeds. Lender may use Ihe proceeds 10 repair or restore
<br />the Properly or to pay sums secured by this Security Instrumenl, whelher or notlhen due. The Jo..day period will begin
<br />when lhe nolice is given.
<br />Un'-I.ender and Borrower otherwise agree in writing, any application of proceeds to principal shall nol extend or
<br />postpone lhe due date of the monthly payments referred to in paragraphs 1 and 2 or change Iheamount of the paymenls, Ir
<br />under paragraph 19 the Property is acquired b)' Lender. Borrower's right 10 any IIlsurancc policies and proceeds r~ullill!:
<br />from damta8e to lhe Property prior tolhe acquitition shall pass 10 Lender to the elttcnl oflhe sums secured by this Security
<br />Instrument immedullely prior 10 the acqUI.illOll,
<br />6. Preservation lIacI Maiett'Rllll<< of PnJ,et1y; LeatieIIokIs. Borrower shall not dcstroy. damuge or subslantially
<br />change the .'n'perlY, allow the Property to deteriorate or commit waste, If thiS Sel.'unly Instrument is on a leaschnld.
<br />Borrowershllll comply wilh Ihe provlsiOllS orlhe lease. and if Borwwer acquire. ree litle to the l'mperlY, Ihe leaschnld alld
<br />rcc title shall not mer~ unlns Lendlef agr_to rhe mer~ in writing,
<br />7. Prvtcction of (.eader's RiPts In tile Property; Mort~ I_rance. If Borrower f,uls to perti'rm Ih,'
<br />COVeRllllls and agreements wnlaincd III I Ins Securlly InMnnnelll. or there is a Iellul pru\'eeding IhalmllY significantly' alf......'
<br />l.onder's rilllltts in tlte Property /su~h IU a proceeding In bankruptcy. prohllte. ror \"tmdemnatwn or to enfor\'e laws nr
<br />r.lati<ll1l11l. lhen I.ender may do ami pay fi,r whatever IS fJecesSIIry II' prote~llhe value I.r Ihe Properly and tendt,r', rights
<br />ill In.: Prnperty tendcr's actin"s may ml.Jude payml!lllllY sums s..'Cured by a hell whld! has pntlflly over this SWllfl1y
<br />InlIlrufrn:lIt, arpearlllll"l ,:oUlI. paYIl1j: reaS<'lHlhle allorney' fees .111<1 elltenll/( ollth" l'rl'I,,'rry to make rl'paus !\hholl!!h
<br />l..:ndt:r mllY la"e aclll'lllllllder Ihls plUlJ!!liIl'h 7, Lender doc, nol ha,'e tll do S<l,
<br />Any al1lllU"" dl~h\ll,,-'(I hy Lender under Ihis l'ara~r"l'h 7 sh,,1I hft.'oll1e "ddlllllnal dehl IIr lIon;o\\lel SI'\'lm'd h\ I his
<br />~Ilrlty In1Olfllm"nt llnle"~ IInflnwcr "nil I cnder allree to olh('r 'crill' of paym~nl. Ih"l' afllOllfll' ,hall "'~l" 1111,'''''' I'll""
<br />fht- !tat(. or ,It..hur'''lIIl"fJl ill (he Nil'. nile llnd ,hl111 t'lt I'llyahle. With Iflt~~l. 'tll,on npl'.-e fro III I.",,,I,'I III nil' "",,'r
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