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84-- I 003298 I L UNIFORM CovENANTS Borrower and Lender covenant and agree as follows: 1. Payment of Principal and Interest; Prepayment and Late Charges, Borrower shall promptly pay when due the principal of and inleresl on the debt evidenced by the Note and any prepayment and late charges due under the Note. 2, Funds for Taxes and Insurance, Suhject to applicahle law or to a written waiver by Lender, Borrower shall pay to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum ("Funds") equal to one.twelftb of: (a) yearly taxes and assessments which may altain priority over this Security Instrument; (b) yearly lea.o;ehold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d)yea:rly mortgage insurance premiums, if any. These items are called "escrow items. .. Lender may estimatetbe Funds due on the basis of current data and reasonable estimates of future escrow items. The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal.or state agency (including Lender if Lender is such an ilistltution), Lender shall apply the Funds to pay the escrow iteDJs, Lender may not charge for holding and applying' the Funds, analyzing the account or verifying the escrow itemS,unless Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge, Borrower-and Lender may agree m Wl'lting that interest shall be paid on the Funds. Unless an agreement is made or applicable law requires mterest to be pa.d. Lender shall not be required to pay Borrower any interest or earnings on the Funds, Lender shall give to Borrower, without charge. an annual accounting of the Funds showing credits and debits to the Funds and the purpose for whIch ""ch debit to the Funds was made, The Funds are pledged as additional security for the sums secured by this Security Instrument. If the am,)unt of the Funds held by Lender, together with the future monthly payments of Fund. payable prior to the due dates of the escrow items, shall exceed the amount required to pay the escrow items when due, the excess shall be, at Borrower's option, either promptly repaId to Borrower or credited to Borrower on monthly payments of Funds, If the amount of the Funds held by Lender is nO! suffiCient to pay the escrow items when due, Borrower shall pay to Lender any amount neces!'iary to make- up the deficiency in one or more payments as re-quired by Lender. Upon payment In full of all sums secured by thiS Secunty Instrument. Lender shall promptly refund to Be.rrower any Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender, Lender shall apply, no later than immediately prior to the sale of the Property or liS acqUISition by Lender, any Funds held by Lender at the time of applicatwn as a credit against the sums. secured by this Security Instrument. 3. Application of Payments. Unless applicable law prOVIdes othen..io;e, all payments received by Lender under paragraphs I and 2 shall be applied: first, to late charges due under the Note; second, to prepayment charges due under the Note; third. to amounts payable under paragraph 2; fourth, to interest due; and last, to principal due. 4, Charges; Uens, Borrnwer shall ray ali taxes, assessments, charges, fines and impositions attributable to the Propeny which may -atuun pnonty over thi!lo Secunty Instrument, and leasehold payments_ or ground rents. if any. Borrowc-f shall JJay these obligations ;n the ~ner p:ro\.jded in paragraph 2. or If not paid in that manner; Borrower shall pay them on I1me dlrectlv to the person "weo payment Borrower shall rromptly furnish to Lender all notices of amounts to be paid under thi, paragraph, If fk,rrower makes these payments dlfectly. Borrower shall promptly furnish to Lender recapls cVldencmg the payments Borrower ,haB prompdy discharge ~'Uly iJen W[Hen has pnorlly (lVer thiS See.unly Instrument unless Borrower: (a) agrees 10 wriung 10 the pa;r'fncm (;;f the l..,bhgauon secured by the herl in 11 manner -acceptable to Lender; (b) contests in good falt.h the lien by. or defends against enforcement of the !ten In, ietz;aJ pnxeedmgs which in the Lender'~ opinion operate 10 prevent the enforcement of [he lien O! forfeiture of nny part uf the ProperlY: or (c) secures from the holder of the: hen an agreemem sausfacwry to Lender subordmaung the lien to this Set'unty Instrument If Lender determines that any pari: of the Property is ~ubject to a hen whIch may auain pnonty over lhis Security Instrument. Lender may give Borrower. a nOlICe. ldentifyint=, the lien. Burruwer -shaH .s~tUsfj' !he lIen or take one Qr more of t.he !!cti(ms set fort-h above-wilhm 10 days- of the gi...mg of nOlice:. 5. Hazard 11l5unwce-. BOff(lWCr ."hall keep l he unproyemem~ now eXlsting or hereafter c.rected on the Property Hls-ured a~uun~t 1t."J5-s hy hre. hal..lirOS Ifh..:iuded wHhin the term .'e~\tcnded CO}ierage'; and any. Other hazards for which Lender requtr~ it'l-SUf8IlCC_ Thi~ ll'ISUraul.i(:: ,.hail be m.aJfl.lalned 1fI I.he- ;,1rtlounb and ft,)f the periods (hat Lender requires. The lfi~Ufaoce carner pr(),,'~ding. the In....,urancc shaH he ...:ho~en by Borrower 'SUbJ<<f to Lender's approval which shall not be unrea!)onably wlthhdd ,.\lllrlsurance p'ohc{t..'S and rt::ne,"'ul.s shaH b<:: a.:..:ct:ptabk to Lellder nnd ~hajj I1ldude a standard mortgage clause. Lender shall have the ngiu to hold [he pohcl(:~ and tenewab,> If Lex..der rcquiro-~ Borrower shaH promptly give. to_ Lender J.H re,cdpi.it (.r paid pfCrmUIh:'l- 4.H1 it:hc:w<t-i Iluh(:c.), In the: c,\(cni ut i()~~, Burrower >haH g-t\lt: prompt IJOilCC: h) lhe in~uraucc= carr.c."-r and Lender. Lc::nder lnl1)' make proof of los_s If not made- promptly by BOfTo\\'t:r. Unless Lender and B~')rr(lw(r olherWIM: agree III wrItiug,_ msuranc'c proccedh shaH be, apphed to restoration or repair of the: Property darnaged. if t.he res.lonuwn or repair is economic:,ally feaSIble and Lender's security is H()t lessened. 1.1' the restoralion or repau is nor CCooQtTuc-aUy feasible or Lender's sec-unly would be lessened. the ins.urance pr(A;.eeds shall be applied lO the sums s-ccurtd by this $ecuril~ Instrument. whether or om then due, with any exce&, paid to Borrower. If Borrowcr abandons the Property, Of does not. an~wt:r wuhin }O days a nonce from Lender that the insurance carrier has offered tl.)- ~(tle a tialm, then Lender may ~ont".ct the tn~urancc- proceeds. Lender may use the pn)Ceeds to repair or r~swre the Property or to pay :-;ums Kcur<wh~n tbe noti~c:: is. given, Unl~ Lender and BorrQWd Otherwlsc agree iJ1 wnting_. any appiicatJof) lJfproceeds to principal shaH not extend or postpone the due date of the monthly paymenL';. referrc.d 10 H1 paragraphs 1 and 1 or ~hange the amount of the paymerns. If under pat'dgni.ph 14 the Property lS acquired by Lender, Bo.rrower\: nghllo auy Ins.uranl':t pohcie-s and procet:ds resulting from damage to .lhe Ptopert.y prior to the acquisilion shall pas,lt to Lender (0 the e:\lent of the sum~ ::.ecured by thiS Secunty tn_'l.trumenl immediately prior to the ~cqui5itjon, 6. Preservation and :\1aintenane.e of Propeny;.l..easeholds. Borrower shaLl not d~lr()y. damage l)f ::.ubs-lamially change the Property, aHo,,-, the Propeny to deteriorate or (:(lmfi1tl wa~H::. If tIll::; Sc-.:uril.Y jn~tfurnent 1\ '01\ a !eas.dlOld, B<nro\\.'er s:hatll:ornpl.y wilh t.ht' pnJvl.sion.:.- of rne lease. and If Borrower a..-:-qU1re\ tee titk to the Proper!)', the lease-hold ;iod ftot: u;le shaH not Hlel'-S,t:: uni~ Lender agree> to the mergc:r In writing. '7. Prutection of l...endcr.s Rights- in the Propert)': \tortgage Insurance. if BOrr'.1W~f falls to- perform the c:ov-(n.lI\t!i and ii.rtemcnl-s contained in this SecurH) Instrument. Or 1hf"f(' b a legal pnx.'t'-eding tbat ma) :-.igmtk-ullliy alfet't LcndcJ'~ rig.ht,) 10 the Propert)' i.su.:h as. a pro,(.':eding: in bankruptc), probale, for <,:olldr:mnai\On f!; [() enforce la\\-;:-. or regul.at~ojb), tlv:n LC'tlder may do and pa~' for whatever i;; nCCeS3-afY Ii) protcC''! the Value (of ihc Property ~Hld Lender':;. nghb Hi the Proven)-. Lender's ~idii)-ns may include paYlng :in) '\1..un~ _,,>erured hy .~ b,:n ,..Inch ha::, rnofn)' d\,cr {illS. Se',:ufjr~ 11l_strumcnl. appc;ariog in court paymg. rea."ouab1c auorne-ys' fees and t,'nlcnng llH the Prup~:ny t!) nw}...: !Crai.r>:- Although L.enuer may rukt': a~HOH under thl~ paraltfaph '1', L~:ndel-does noL na\'t;: 10 di) ~.;,} ; Any amouots di~bu~'sed by Lender under thi!s pari;igraph 7 ~ha~_~Ome)la.pJtkHl..d J;:bl .Jf BOHn~tr '!-.;'c;ur<::J {ili~ Se\;uru} InslfUnl:(:IH Unies.~ Borro\\'cr ~nlf.j Lemler- a:gIet', {;:)Other te-rms ofrayn;j~ri)., ibbC ;U\i{-HHll~ :.h;iJJ t"~af tniC'rl:~t tht -dak {)f ~h~t;\u.r~rnclli. ~t the No-\{; !'.IJ~ an.d ~h;.l,H he paj ank. wnh inl,,~n:.'.",1. u['\',n ,lfi!k,' :'rnl1l t end,,;'j' !t, Bon\'\\'-u !f'qu~tt:ni pa.Yftl<llt r