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<br />--i'; 004556
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<br />UNlFORM COVENANTS. Borrower and Lender covenant and agre~ as follows:
<br />1, Payment or Principal and Interest; Prepayment and Late Char~es, Borrower shall promptly pay when due
<br />the principal orand interest on the debt evidenced hy the Note and any prepayment and late charges due;: under'the Note.
<br />2, Funds for Taxes and Insurance, Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly payments are dne under the Note, until the Note is paid in full, a sum ("Funds") equal to
<br />one.twelfth of: (a) yearly taxes and ;,lSS5sments which may attain priority over this Security fnstrument;"-{b)-.ycarty
<br />leasehold payments or ground rents on the Property, ir any; (e) yearly hazard insurance premiums; and (d) yearly
<br />mortgage insurance premiums, if any, These items arc called "escrow items." Lender may estimate the Funds due onlhe
<br />basis of curreHl data and reasonable e..~timates of future escrow items.
<br />The Funds shall be held in an institution the deposits or accounts or which are insured or guaranteed by a federal,.')r
<br />state agency (including Lender if Lender is such an institution). Lender shail apply the Funds 10 pay theescrbwitems,
<br />Lender may not ebarge for holding and applying the Funds. analyzing the account or verifyingtbeescrowitenls, unless'
<br />Lender pa\'s R(1rrOWer infere~t on the Funds and annlicahlc law- T:\erm!ts Lender to make such 3.' charge;" B0i1:ower i'ind
<br />Lender m~y agree in writing that interest shall be 'p~id on the Funds. Unle" an agreement is made orapplic.abJelaw
<br />requiies inten,"St to b~ paid, Lender shall nol be required to pay Borrower any interest or earnings on, the -Funds; Lender
<br />s.hall give to Borrower, without charge. an annual accounting ofthc Funds sho\ving c-redits and debits to the Funds-and tht?_
<br />purpose for which each debit to the Funds \\-'a~ made. The Funds are pledged as additional sec.urity for the sums 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 exc~s.s,shall be-,
<br />at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monlhly paymenls 0fFlmds. If the
<br />amount 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- as required by Lender,
<br />Upon payment in rull of all sums secured by this Security Instrument, Lender shaH promplly refund to Borrower
<br />any Funds held by Lender. If under paragraph Iq lhe Property is sold or acquired by Lender, Lender shall apply, no.later,
<br />than immediately prior .to the sale of the Property or ils acquisition hy Lender, any Funds held by Lender at the tim\"qf
<br />application as a credit against the sum, secured hv this Securit\' Inst(umem.
<br />3. Application ~f Payments, Unless applicable law "provides ctp....wise. all rayments received by-Lender under
<br />paragraphs 1 and 2: shall be applied: fir~t, to late charges. due under thf ~Jcf'- .....>-cond. to prepayment charges'due under:~_~~
<br />Note; third. w amounts payable under paragraph 2; fourth. to imc_' due, ....r..d Ia.~t, to principal due.
<br />4. Charges: Liens~ Borrower shaH pay all laxes, assessments, l:harges. fines and imprisiti(ln~ _attril?utabh~, to -the
<br />Property which may attain priority over this Security Instrument, and leasehold payments or ground_ rents, if allY.
<br />Borrower shaH pay these obligations in the manner provided in paragraph 2, or if not paid in that manner, Borrower sh~U
<br />pay them on time din"'tl) to the person owed payment. Borrower shall promptly furnish to Lender all notices of amourits
<br />to be paid under tillS paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish to Lender
<br />receipts evidencing: the payments.
<br />Borrower ,hall promptly dIScharge any lien which has priority over this Security Instrument unless,Borrower:(a)
<br />agrees In wnting 10 Ihe payment ofthcobhg.allon secured by the lien in a manner acceptable to Lender; (b) contests in good
<br />faith the lien by, or defends against ,'Ilforcement of the hen ill, legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcemenl of the lien or forfeiture of any part of the Property: or (c) secures from lhe holder of the lien an
<br />agreement sat1sf~ll"tofY to L~ndcr subonhnatlllg [he iien LO this Security Instrument. If Lender determines that any part of
<br />the;: Property i", 'UO.lt.''I.:t to 3. hell which may aHalll pnoriry over this Security Instrument, Lender may give Borrower a
<br />noti~e identifying the helL Burro.....t:r shall satisfy Ihl: hen or take ont' Of more of the actlOns set forth above within 10 days
<br />of tht:: gi viug of not i~~,
<br />5. Hazard lnsuratnce. &,)HOWCf ~hall kt.'"t:p th~ improvcrnt'llt~ now existing H1" hereafter erected on the Property
<br />insuru1a.gainsl l()~s by fire. hazards mduded within the term "c;..tcndcd covaagc" and any orher haz.a.rd:'t for which Lender
<br />requires in~ur~nl.':i.::. Thi~ in~uran(t' -:\haH be mainrained in lhe itmounts and for the periods that Lender requires, The
<br />insurance carrier pfI,_widing the: insurance ~hall be chosen hy Borrower ...ubjrt.t to Lender's approval which shall not be
<br />unreasonably withheld,
<br />All insuraH~e rl4,)h(,:it;$ and rent:"-ul~ 'S.h~H he ac(,cpHi.hle tn Lenda .lIh.! shall include u standard mortgage clause.
<br />Lender shall ha\e the right to hold the p<)bci\'S "nd renewals. If Lender require" Borrower shan promptly give to l.ender
<br />all receipts. of paid prelll\ums. and ft>newalllotic(."S. In the c\<cnl of loss., Borrower shall give prompt notice 10 the jnsurance
<br />.:.arrier and Lender-. Lender ma} make pn.Jof of I\)S.... if not made promptly by Borrower,
<br />Unless L('nd~( aud Borrower (lther\\;l~e agree In writing, in~uran\.:_e pnx:eeds shall be applied to restoralion or repair
<br />of the P'ropc:.n) damag.:-J, if lhe restoralion or repair IS rl.:-~m()mlJ;al1y f~aslblc and Lender's M.-~urily is nollcsseru..xl. If the
<br />Iesloration or rcpair i, Ih.)( economically feasible Of Lender's sCl'udty would be k~s,l~ncd, the insuranl'c pnx:-ccds shall be
<br />ai)phed I\) the sums ,cl,:urc-d ll~ IhlS Sccurit} InstrumcOl, whether or not then due, \\llth any excess paid to Borrower. If
<br />UOff\\\\Cr ahal\\.lon~ the Propat). ~lr doe~ ntJI alls-wer \\..uhm 30 days a nut1l.,:t. from Lender that the in~Ural1l'C carrier has
<br />offered tu sdtk.1 ,:lalln. thcn LCtH.kr I1lJ) I.."l1He-l'lthc insurancl' pn,x.~t.'eds. L(.'ndcr may u~c Ihe proceeds to repair or re-store
<br />tho(; Pi',,'r".:.d.} ..If i..i p.t) 'Ufll~ :'\Cl.;llll"U h~ dH~ Sel:uruy insHulHt.'nt, ,,,'hether or lwt then du(.'. The JU~d,l)- perit.)(1 will begltl
<br />when the lli.1tlCt: IS gl\'t'1l
<br />L;nles...'\ Ll'nder anJ Borro"~r \lthcrwl:SC agrt.'C in \to rHing. :any apphcatlon jJf prrk,:t.'cd:, to prlncipai shall not extend or
<br />{Xis.tpone- the dul' Jatt' j.)fthc monthly paymt::nts referred (0 lJl paragraphs 1 and 2. or changt: the amt.)unl orthc paymcHh. U
<br />under paragrolph lQ the PHipt.'rty IS aC4Ulfed by Lender, Borrower's right h) any insuran.:t.' polil.'lc\ and pr..l\,ceds r('"~ultmg
<br />from damage to th~ Propert) prior to lhe acquisition shall pas..... to Lender to the c.\tcnt l)fthe- surn_~ sc<.:ured hy this St:t.:Uflty
<br />ln~lrUll1cnt immClhatdy pnor to tht: a\..'t~Ui.'iltitm,
<br />6. Prescnation and :\laintenancc of Property; Leaseholds. B-orro\.\l"r :-.hall not \.k~[roy. ,lamJ.g\.' or ...ub':otanll~dly
<br />change the Pn'lf.X'r-!). <llln" !hl' Pruperty to dcterIorate or commit \\'a~le, If lrll:'. Se\.'lIril~ InsHulHcm i, lll} ,1 ka.<;eh<Jld.
<br />&'-rro\'l.-er ~hal1 t.'ompl} wah the pr,,J\-l"lOlh ~~r the kasc. and if H()rr(l\\'~r <h.:quirc:, f...."l: wit: to IhC' Pn)pt.'n~, rhe h.~a~l~htlld anJ
<br />fee title .shaH !lot mag( unks.~ L~ndrT ag.rc~s tu lhe iUagcr In \\ Dung.
<br />7. Protection of L-ender-~s Rights in the Propert.)": 'tort)(age lnsuranc(:. If Bon-'l\\t.'f f,uh l\) pt'rt~)f!n the
<br />l'{Wt'mmt~ and agrcemenb l'\)}i[aUlcJ H1 [hiS $t.'(urHy I nstrl.lfiKlll , \'tr I hat.: h.1 kt.:li prnL"I,''C,'dmg. lha! mil;' ,'-.l!:illit!,';-.Hltly atrl"d
<br />Lender', nghb in the PH1PI.'rty hUl.'h as a prol:ccding 1I1 bunkrupt.:y, pl"\~idL:, 1'l)f ....n/ldellW..llllln ,,1]' (d l.I1f(lh.'l;.' Ltw,> \'1
<br />reg~:latHj.n5L ;}iI.:n Ldh.kt 1113) dv ano r.IY flJf wh.Ilt:\t'f I' l\("'~.:.:-s:-ar.' lu pn,lt'I.-.l the \ ~1ii.lC l_}f tht' Pr\lpl.;'n~ ,md Ll'lhkr\.. nghl.':.>
<br />In the Pn)pl'rt)_ Lendcr',-, ,,-({ion:>. may indudc paYllig an) ~Ul1l::. ~et:un.'i.l ('! .1 lit'li V.hl.,:h hi\~ ~'nlmt~ 1.'\\.''- IIn"! St':(UnI)
<br />Inslrument. app('~\nng Hl (,"Uft, pa)'ing h.'a:-i\lfl;jhk- atll..lrncys' l(;e\ anJ \.'JHi:flng i.~1I dl( Prq't"ll ~ III Jl1.tl..t' H:pall ~_ A It hou~h
<br />Lender ma) takl.' a~'lll.)n under thiS paragr~ph 7, LClldcr Jot."';\- !lot lw\t. hl Ju "t)
<br />Any art),lunh ..!\~P~H'\('-d by Lt'lldc-i under thl'io paragraph 7 shall be-...."\)Ull.' ,iddilll'iL.d ,lL-hi "f Htl-l (\I\;(f "'1.:'\.~lIi~'d ~''1 diP.
<br />Sc-I,:unt)- lnsnwHt'nt. t:nk~~ I~)rftlwt:r ,111\1 I.CtlJl'T agree hl ot1lcr 1,(1 Itl\. (If p;tnlh-'n:. : h'_...t' ,111\1 'unt<. ...han ht\1! lll!t"rl"(
<br />the d.H\.' l,lf dt':o.hul""''''flltl\t <it tltt' ~nic J,tIC ,-IIU..! "h.d! h~: l'_lY,thk. \\nh m:,,:rc...1, 'q',':! l\ii:k\' f,-,In> 1 ('ni.ki t" B\l"t"'\~;.l
<br />requt'slwg paynH,'nl
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