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<br />83_ U05481
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<br />UNrFORM COVEN.\NTS. Borrower and Lender covenant and agree as follows":
<br />I. Pay""",. of PrincipalllIId IDle...",t. Horro"er shall promprly pay when due the principal of and interest on the
<br />tndebtedneu evidenced by the Note. prepayment and bte charges ag provided m the Note. and the principal of and. interest
<br />on any Future Advances. secured by this Mortgage.
<br />1. Funds for Taos and llISUI'lI1ICe. Subject to applicable law or to a written wa;,..r by Lender, Borrower.hall i"'Y
<br />tv Lender on the day monthly instaHments q-f princ.ipal and interest .tre payahle under the Note. until-the Note is paid- in full,_
<br />a sum (herein "Pundi"} equal to one"lweH'th of lhe yearly raxes -and a~s..!\ments which may attain. priority-- OYer- :tbis
<br />Mortgage. and ground ren.t. on the Property, ,f any, plus '>ne-twelfth of vearly premIUm installments for hazardiosurnnce.
<br />plus o.ne--twclfth of yearly. premium m~ajltnena tor mortgage InSurance, if .any. aU as reast.)nably estimated initially 'and~ from-~
<br />t.ime to t.Jlru! by lender on the- baSt5 ot <ts-s.e.~...mems and hills ~md reasonable esfimal~ thereof.
<br />The ) '.mds shall 00 held in an in5<titulion the dep'")Stl~ or accounts of which .are insured {)!. guaranteed' by a FedcraJ:'9f
<br />~tate agency f i-rn::tudwg Lender it Lender ~s s.uch an rn~t!tution }. l.euder s.haH appiy the Funds to pay :said taxe$~ &$$CSSmenls.~
<br />Ins.urance premiUmi and gtound rents" l~.cndet ma}' not -;;harge lor -St) hl."",iding and upplying the Funds.. analyzing said account.
<br />or \ieTi:f)ing and c:ompthng ;,tud asscssm-ems and hills, un1e"5-s Lender paY'!o Borrower int.erest on the Funds and .applieablc--1aw
<br />permin Lender w make liuch .-, dmrgc" Bi.1rTowe-r and Lenffi!r may a.gree in Writing ~t the time of execution' of this
<br />Mortgage that inter-eM on the Futldl ~..ha11 be p~id 10 Borrower. .md unJb'S such agrrement is made.' or applicable law
<br />requir~ ~uch mlelest !O he p,:ud. Lender ~h:iii fH){ he feql.HfCd W pll"" Borrower J'n\' interest or eamlngs on the Funds~ Lender
<br />,>baU give to Borrower. without .:harge, an :tfHl-UaJ :.H:C(tuntHHt .A the Fund;, ~f:OWH1~ Lrwits and deb~ls to the Funds and the
<br />pu~e hi.r WhiCh ~d:ch debtt tl:~ the'rund'S was made, rfu:-FHnd~ ,,~r~ p!w#Cu J.~-;u.idl!i-o-nal security for the sums 'secured
<br />by Ih" Motlgal!"_
<br />If the amount of the f\lods. held h.' Lender. h)~tth('f with if1C tuture ffilmthly In,mdlments of Fundli- payable prior to
<br />ihe due dal~ (~f :AX~. ..b..~mem:s. ii1:.iuran.;."C' rn:-nliUms. ~Ind ~Tound terns.. :).h~lI c"Xcced the .a.nwunt required to pas: said ta.'--es~
<br />u~nt~. m:\uraoct: rfem..um.~ MID ~n.\lHH.i tent!!. .\'i :ht': i.in d'-!e, ,"uch t:;"C"'S ,hail rn-, .U: Borrower"s option. either
<br />pr-mnpfir ft-paul Ii) 8orro'Aer nf .:!ctht-ed 1.l Bi.~H,)\\'er ,~n rn.llnthi:-- In\~,J.Hmeng ()t Fund.., it the amount of the. Funds
<br />held. by Lendcr "hall Hot he' ~uffi-cient h.) p...t\-' l,l\~, ~i~~"..;rnt~nn. 'n"ti!dih.... J'r-{,~mitJm" "HH.i gmund rents as they faU due.
<br />~;')7,~:;;/~~;~~:~; ~~~:~~;~~ ~:~~_\~:lq:i~~:~:~:f\ l\, f\'-~lk~ up lht, dt'!1-:;<:H;:\' w.thm .h) Ja\s from the date nouce is malted
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<br />Ppon p;il;vrncm ;;! ~\Jil d aU :Hltn!\ ,:<>':-\:lUCU tn :I\:" \1{,n~;j~c_ ! <;,:n._h:r "hall flfl.}o1ptiv p-.;:<tuoct to Borrower ~ny Funds
<br />!1e!-d bv Lc.mie: I: ,IHUeI p.aragrilph L';' hCH:"<.'i ~he Propcf!\ ,-, '\-~IJ '" :rll' l:-'n~!X'rn' !>; l,.then'l,{\(: a.:.qwred by Lender. Lender
<br />~haH ..pp-h'. (H~ i<iJ:t': ~h_u, rmnlMi:lh'j\ ;'i11"i' L; .h< ,,;1;1>..' ,q '\'\.' Prl'!p,:rn ,,{ .>~ ....:...r\.h..!b(\ft hy Li:'nde.r~ any Funds held by
<br />! cnd('r .il the time '..'! '-'rplh'~tli)n .>l, ;. ,;'nln ".~~.:a:nq Irl",~ ,>uD-\" "'{';,.~;ft'd ~". If-Ii'; \t"in~a~i..~
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<br />,ill p.l\-Hlcnh It'-C-:I\'(.~ hy L~ll:der under the
<br />i'.;"n(,~H '.~! .snk'{H1ts p;.w<,-hk t\'l Lender by Borrower
<br />;>nn'-.',r.,j 1,\: ~h(' St't-e, ~n(} lhen (0 jute-re-st and
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<br />,,..,,!, '., H."[l,~,~~,, J1l;JI..1i1<; l'i!'\.:n..-iH. hhen du~" ...hreclly to the
<br />.~l;'\:n!\ ,'!'X ::r,d~! !~i.l" para~!ap-h, ",00 in the event
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<br />'"r~t::~:;f,' A :he P:"nr-Cft\' ,It .Hl\ part thereof
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