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<br /> . UNtFORM COVeN�N'1'S. Horrawer�nd l.ender covenant and agroe as followa: `��—` ��OV `1
<br /> � ' 1. Payweat ot PriaciqJ�ad lotee+e�i�p�Y�pt�ute Cb�r�ea. Barcower sh�ll prompt1Y p�Y when due �
<br /> • . . • the principal of�ad iMerat on the debt evldaaeod by tho Note snd suiY P�Yment and late char�es due under the Noto. _ -
<br /> 2. Fut�k[or Twca�ud Ina�ra�• Subject to applic�ble law ar ta a wrinen waiver by Lcnder,Bonower slup
<br /> "4..."�� pay to Lender on the day monthlY pnYments ue due w�der the Nae. until the Ndc is p�id in NII.n sum("Fund�"1 for. � _—
<br /> (a)Yearly taxea u�d�csessments which may attain prforiry over this Secudry lnurwnent as a lien on the Prapetty:N)ywr�Y _
<br /> , leuehold payments or gmund renta on the Propecty.it Any:(c)Ycarly hAZard or Propert�'insurance prcmiums: (d)Y��Y
<br /> - iood it�uauke premiums.it�ny:(e)Yearly martg�e insucAnce prcmiums.if Any;and(4 any sums pAyable by Bottower
<br /> • to I,ender,in accord�nce with tl�e provisions of paregrnph 8,in lieu of the payment of moAgoge insurance prcmiums.7'hese __
<br /> items Are callod"Eacrow Items."I.ender may,at any time,collect and hold�unds in an anwunt not ta exceed the maxlmum __
<br /> amouot e leader for a fedenlly rclatod martg�ge loan may requirc for Bonower's escrow account under the federal Re�l ____
<br /> Fst�te SettlGment Procedurcs Act of 1974 as a�r�ended from time to�1me. 12 U.S.C. � 2601 er seq. (..RESPA"). untea: �;;:°`�
<br /> andher Isw th�t Applies w the Funds sets a lescer Aawunt. If so.Lender may, �t any cime,collxt and hold Runds in an — _
<br /> pmount not to excad the le�cer unount.l.ender may est�maa the amau►t of Funds due on the b�.ris of currcnt data aad ----
<br /> , rea�auible estL�w of aapenditures of Poture Pscrow Items or otherwise in+icwrdanca with apPlicable lew. _
<br /> " '1'Ms Fw�ds alwll be held in an instittttian whose deposits are iasured by w federAl Agency,i�strumentality,or endry = __--- —
<br /> � " (including I.ender. if Lender is:uch An instltutian)or in any PederA!Home Loaa Henk. l.end�er shaU W�PIy�he Funds to � +.
<br /> -,.- • • ' - paY the F.scrow Items. Lertder mwy not chuge Borrower far holding and applying the Funds,annua�ly analYzing the escrow -___ - -
<br /> .. , aocount.or verifying the Escrow Items.wdes�Lender pays Borrower interest on the Funds wid app lica b le law pemdts L ender .---..-
<br /> to m�lce such a charge. However, Lender m�y roquira Burrower to pay a one-time charge for an iadependent rcal estate � '���;�-
<br /> ta�c�epado8 service used by Lender in connecdoa with this loaa.unless appaicable law provides aherw�.Unless an agrcement ,t { �, -
<br /> is made or applicable law rcqutres interest tv be pAid,Lender shall not be reyuired to pay Bonower any interest or earnings �„z�
<br /> on the Funds. Borrower and Lender may agra in writing,hrnvever,that interest ahall be paid on the Funds.L.ender shpll --� .-
<br /> ' .� ` give to Borrower.without cAuge,an annuol accounting of tht Funds,showing credlts and debits to the Funds und the putpose �;d"F�:�.` --
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<br /> �;; •. for which each debit to the Fw�dg was made.77ie Fundc are pled¢ed as addidonol securiry for all sums secured by this Security ,,.���-._
<br /> ' Inswment. �
<br /> ' If the Fw�ds held by Lender eaceed the amounts permlaed to be held by epplicsble law,l.ender siwll acxount w Borrower �" .
<br /> � �for the excess Funda in accardance with the requirements of applicable law. If thc amount of the Funds held by L.ender at , , .�
<br /> any tLne is not cuffieient to pay the Escrow Items when due,l.ender may so not�fy Borrower in writing,and,in such case ';
<br /> Horrowcr sha!!pay to Lender the amouM necessary to make up the cbRcicncy. Borrowcr shall make up the deficiency in ���;_�..•�
<br /> - --= no more than tweive monthlY WYmenes,at i.cndar'n sole dlsctedon.
<br /> • � Upon payment in fuU of all sums secured by this Security Instrument, Lender sh�ll promptly retLad to Borrower �' . �
<br /> ' any Funds held by Lender.If,under paragraph 2��I.eoder shall acquiro ar sell the Property,I.ender,pr�or to the acquisiaon I " ,��
<br /> . , � � or aale of the Property.�hall app�y enY Funds held by I.eider at tl►e time af acquisition or sale as a creQit agai�st the sums �,�,..,,�,,,�,�;,,,�,�•�
<br /> secured by thi�Security lnstrument :. ,t�}'���:��-
<br /> 3. ApplkAtion of Pwy�aents. Unlesa applicable law provides otherwise,aU payments�eceived by Lender under � •. ,,•. ••,.. R
<br /> paragrnphs 1 and 2 ah�U be appllod:first,to any prepeymcnt charges due under che Note;second,to amounts payable unde� •�;:,�?_,�;�
<br /> puagraph 2; third,to intercst due;fourth. to principal due:and last,to any late charges due under the Nae. .. „ ��'.,,, _�� �
<br /> 4. Chrr�a=Lkuc. Borrower shall pay all taxes,assessments,charges,fines and impositians attributable to the �
<br /> ' propecty which may att�in priodty over this Securiry Instrument,and leacehold payments or ground rents,if any.Borrower � ' .,;;,.
<br /> . ahotl pay these obl�gatioas in the manner pravided 1n paragraph 2,or if not paid in liwt manner, Borrower ahtill ps�y them � • �, ��_�
<br /> on tjme dlrectly to the person owed p�yment.Borrower shall prompdy furnish to I.ender all notices of amounts to be paid i. M -
<br /> . under thia pua�ph.If Borrower Rwkes dr�e payments dircctly.Borrower shaU P*ampUY fum�sh w l.ender rxeipts evidencin� � . _
<br /> '. the psyments. , �.- �.
<br /> ? • Horrower shell prompdy discharge any lien which hos prioriry over this Securiry Instrument unless Borrower: (a) �'_;�„
<br /> � agroes in writing w the payment of the obligatlon secured by the lien in a manner uceptable to I.ender,(b)contests in good
<br /> faith the Ijea by.or defends against enforeement of the Nen in,legul proceedings which in the l.ender's opinion operate to � ? =��"�"�
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<br /> , • preveat the enforcement of the Ilen;or(c) secures from the holder of the lien an agreement satisfactory to Lender subor- � �.�' �«',M--,r-r=
<br /> • dinating the lien to this Securfry Instrument.If Lender detemunes tlwt any part of the Property is subjece to a lien which ; ;
<br /> may attain priority over thie Securiry Instcument,Lender may give Bonower a notice identi in the lien. Borrower shall �•�..v•
<br /> PY B .�_,e__ ".
<br /> � satiafy the Iten or talce one or more of the actions set fonh above within 10 days of the giving of notice. . _�;�j ��
<br /> . S. Harard or Property Insurance. BoROwer shell keep the improvements now existing or hereafter erected on .
<br /> . the Propecty insurod agoinst loss by fire, hazards included within the term "eatended coverege' and any other hazards, ;
<br /> . ' including flood�or tloodinQ, for which Lender requires inaurance. This insurance shall be maintained in the amounu and
<br /> ' for the periods that Lender requires.The insurance carrier providing the insurance shall be chosen by Borrower subjeet to
<br /> Lender's approval which shall not be unreasoiwbly withheld.If Borrower fails to maintain coverage describtd abovc,Let�der � ,
<br /> � rnay,at Lender's opdon, abtain coverage to protcet Lender's righu in the Property in accordance with paragraph 7.
<br /> ' . All insurance policies and renewals shall be acceptable to I.ender and shal l inrlude a standard mortgage clause.Lender
<br /> , � shall have the right to hold the policies and renewals.lf Lender requires,Borrower shall promptly give to I.ender all receipts
<br /> j of paid premiums and renewal notices. In the event of loss,Borrower shall give prompt notice to the insurence carrier and ,
<br /> � Lender. Lender may moke proof of loss if not made promptly by Borrowcr.
<br /> Unless l.ender and Borrower utherwise agree in writing,insurancc procecJs shull be ap{>licd to restoration or repair
<br /> ; of the Prop�rty damaged, if the restoration or repair is economically tea�ible and L.ender's security is not lessened.If the
<br /> ; ; restoration or rcpair is not econumically feasible or Lender's security would be lessened, the insurance proceeds shall be •�
<br /> applied to the sums secured by this Security Instrument,whclher or not U�en due,with any excess paid to Horrower.lf Horrower
<br /> � ebandons the Property,or does not answer within 30 days a notice from I..ender that the imurauce carrier hus offereJ to
<br /> settle a daim,then l,ender may collect the insurance proceeds. Lxnder may use the pnxeed.to repa�r ur resrore the Property
<br /> .��. .�n-n--.._:...�__._....�... ...1.�.6�... ....�drn.Inn Th�zn.�ia��rind will heain when thc nWice
<br /> or[o pay aums aa:uiw ur una uc�u�..���.a.�,...�..... .......... ... ........_..---• --•--- - . . -
<br /> I is given:- . , .. . , , _
<br /> C,Jn�ess�Lertd�r and 8orauwer otherwisc�grec in writing.Lny appliration of prcxeeds to principal shall not extend
<br /> i or postpone the du!'date di the Monthly payments referred to in paragraphs I and 2 or chunge the;amuunt of the payments.
<br /> If under paragraph 21 the Property is acquired by L.ender,Borrower's right�i►any insurance{wlicie�und pnxeeds resulting
<br /> I from damage ta the Propeny priur to the vcquisition shs�ll pass to I.enJer tu th�extent u(the aums utcurcd h�• th��Security
<br /> ' Inatrument immediately prior to the acquisition.
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