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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows: 84 - 005334:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges, Borrower shall promptly pay when due
<br />the principal of and interest on the debt evidenced by 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 wrilten waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly payments are due under the Note, until the Nole is paid in fuIl, a sum ("Funds") equal to
<br />one-twelfth of: (a) yearly taxes and assessments which may attain priorilY over this Security Instrument; (b) yearly
<br />:easenold payrr-rents or ground rents Oil the Property. if any; (c) yeady hazard insurance prern-iums' :md (d)' y~:r!y
<br />mOl'tgage insurance premiums, if any, These items are called "escrow items," Lender may estimate the Funds due on the
<br />basis of current data and reasonable estimates offuture escrow items,
<br />The Funds shaH 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 such an institution), Lender shall apply the Funds to pay the escrow.ite!l1s;
<br />Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow itell1s,linle.sS
<br />Lender pays Borrower interest on the Funds and applicable law,permits Lender to make such acharge.B01;rOWe1'and
<br />Lender may agree in Writing that interest shall be paid on the Funds. Unless an agreement is made or appIieablelaw
<br />requires inlerest to be paid. Lender shall not be required to pay Borrower any interest or earnings on the Fiiil.ds>Lender
<br />shaIl give to Borrower, without charge. an annual accounting of the Funds showing credits and debits totheFurids.aridthe
<br />purpose for which each debit to the Funds was made, The Funds are pledged as additional security for Ihesums secured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, together with the future monlhly payments of Funds. payable priOl'to
<br />the due dates of the escrow items. shall exceed Ihe amount required to pay the escrow items when clue, the excess shall be,
<br />at Borrower's option. eilher promptly repaid to Borrower or credited to Borrower on monthly payments of Funds, lethe
<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 deticiency 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 />any Funds held by Lender. If under paragraph 19 the 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 by Lender. any Funds held by Lender at the time of
<br />application as a credit against the sums secured by this Security Instrument,
<br />3, Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs I and 2 shall be applied: tirst. to late charges due under the Note; second, to prepayment charges due under the
<br />Note: third, to amounts payable under paragraph 2; fourth, 10 inter"", " je; and last, to principal due,
<br />4. Charges; Liens, Borrower shall pay all taxes. 855<. 'L!~S, charges, tir,.:;;; and impositions attributable to the
<br />Property which may attain priority o.ver thi, :lewrity IilSi,,::nent, and leasehold payments or ground rents, if any.
<br />Borrower shaH fiftV these ohijiI;Hlons in the manner nroviderl in nsra2r:anh 2. orifnot mid in that rmmneL Borrower:shaU
<br />pay them an. ti~~ directly to ;be person o~ecip~y~~n;, &;~ow;; sl1-;lip~omptly fu~jsh to Lender aU notices of amowts
<br />10 be paid under thiS paragraph. If Borrower makes these paymec:s directly, Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments,
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower, (a)
<br />agrees in wnling to the payment afthe obligation secured by the lien in a manner acceptable to Lender; (b) contests in good
<br />faith the lien by, ar defends against enforcement af the lien in, legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of the lien ar forfeiture of any part of the Property; or (e) secures from the holder of the lien an
<br />agreement satisfactot')' to Lender subordinating Ihe lien to this Security Instrument, If Lender determines that any parlof
<br />tbe Property is subj..'"Ct to a lien which may attain priority over Ihis Security Instrument, Lender may give Borrower a
<br />notice Identifying the lien. Borrower shall satisfy the lien o.r take one or more of the aClions sel forth above within 10 days
<br />of the giving of notice,
<br />5, Hazard IDSIlJ'8DCe. Borrower shall keep the impravements now existing or hereafter erected on the Property
<br />insured against loss by tire, hazards included within the term "extended coverage" and any ather hazards for which Lender
<br />requires insurance. The, tnsurance shaU be maintamed in the amounts and far the periods that Lender requires, The.
<br />insurance carrier providing the msurance shall be chosen by Borrower subject to Lender's approval which shall nOI be
<br />unreasonably withheld.
<br />All Insurance policies and renewals shall be acceptable to. Lender and shall include a standard mortgage clause.
<br />Lender shall have the nght to hold Ihe pohcles and renewals, If Lender requires, Borrower shall promptly give to Lender
<br />all receipts o.f paid prelUlums and renewal notices, In Ihe event of loss, Borrower shall give prompt notice to the insurance
<br />carrier and Lender. Lender may make proof of loss if not made promplly by Borrower,
<br />Unless Lender and Borrower otherWIse agree in writing, insurance proceeds shall be applied to reslaralion or repair
<br />of Ihe Property damaged, If the restoration or repair is econo.mically feasible and Lende"s security is nal lessened, If the
<br />resloration o.r repair is nQI econo.mlcally feasible or Lender's security would be lessened, the insurance proceeds shall be
<br />applred to the sums se.:ured by this Secunty Instrument, whelher o.r not then due, with any excess paid 10 Borrower, If
<br />Borro.wer abandQns the Praoeny, or does nOl answer within 30 davs a notice from Lender that the insurance carrier has
<br />offered to seule a claim, the~ Le;loer may coilect the insurance pro.:eeds, Lender may use the proceeds to repair or restore
<br />the Property or to pay sums secured by this Setunty Instrument, whether or nol then due, The 30-day period will begin
<br />wben the nottce is given.
<br />Unless Lender and Borrower otherWise agree in wnling, any application of proceeds to. principal shall not extend or
<br />postpone the due date of the monthly payments referred to 10 paragraphs I and 2 or change Ihe amoun! of the payments. If
<br />under paragraph 19 Ihe Property IS acquired by Lender, Borrower's right to any insurance policies and proceeds resulting
<br />from damage to. tho PrQperty pnor to the acquisition shall pass to Lender to the extent of the sums secured by this Seeurily
<br />Instrument immediately prior to the acquisition.
<br />6. Pre8et\'xtiun KIlQ 7\iaintenance uf Property; Leasehoids. Borrower snaH nm OeslfU)', uamage Of :-,uDsi..arHH:1Hy
<br />change the Propeny, allow the Property 10 deterio.rate or commll waste. If thIS Secunry Instrument IS on a leasehold,
<br />Borrower shall comply wlIh Ihe proviSIOns of the lease, and if Borrower acqUIres fee litle 10 the Pmperty, the leasehold and
<br />fee mle shall not merge unless Lender agrees 10 the merger In writing.
<br />7, Protection of Lender's Rigbts in the Property; Mortgage Insurance. If Borrower faib to perform the
<br />covenants and agrcement~ ct..1ntained in this Security Instrument. ('If there is a legal prOi:l~edmg that may slgnifil.:unrly affect
<br />Lender's nghts in the Propeny {such as a prl')<..::eeding in bankruP1C). probate, for .:ondemnauof1 or to enforce i':1WS Dr
<br />regulation~). then Lender mo.y do and pa) for wha:evcr i~ !ll--Cessaf} hJ prlHcct the value of the Prnperty and Lender's n~ht~
<br />In the Property_ Lender's at-'lions may mclude paymg afiY sums ~n.ured My ~i lien" hh..h ha~ priority ()Ver thi~ S~curHY
<br />Instrument. appeanng in court, paying reasonable ~-lttorneys' f~ and cntermg \'.\H the Propaly to mat..~ repalr~_ Although
<br />Lender may take actlon und~r (hl~ paragraph 7, Lt~nder doe:\ tll"t ha't: to do :',\l
<br />Any :tffiOuntS. o:5bur$c-J hy Lender under ~hi~. r~ragraph ., :;ludI ~~',.:~mt: a...khthm~d ;:kb: ~1f B\.,i'r~\\:;'-\:i ~t:(i.irt.:..i b) thi:"
<br />Secufll) lnstruml~nL Unless Borrower and Lender .J.grce 11.) other term~ I....{ raym~nl. !ht':-.~ ;Hl)dUnb ~haJl ne~H llllcrcs: from
<br />the date of disbursement at the 't~h.' rali..' and ..ball he p~l!ablc. \\Hh mtclc,'iot, UPQ!1 lh\tl\..'t' fftHll l.t'nJ.:r !~' H\.rrtl\\cr
<br />requ<stlllg payment
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