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<br /> UNIFORM COVBNANTS. Bortower ond l.ender covensnt and agrce as fa���W�� P � when due
<br /> ' 1. p� ot ot priocipd�ad lotere�ti PreP��ot��te Clw�es. 8orrol tc�har es duc unJer thc Nute.
<br /> � d s+n rc a ment and � �y� `i`= j= .,;
<br /> , . " ., the priacipal of u�d intercst on the deM evider+ced by ihe Nae an Y P F Y .,::„_:. — _-
<br /> � 2. Fuads tor Taes�nd lawrance. SubJxt to Applicable law or to r�wrinen waiver by LxaJer. Borrowcr xh�ll � ,.. . .... — i
<br /> � pay to L,endcr on the duy monthly payments arc due under the Note, until the Note is paid in full,u sum 1"Funds")for:
<br /> (a)Yeuly uaes pnd�ssesarnents which may atwin prfority uver this Securiry Instrument�+�r lien un the Pwperty:(b)Yearly r � ,,,:<:�' ..�^
<br /> • �� �easehold pryments or�round rcnt�on the Property. i(anY.t�1 Yearly hazard ar property insuroncc premiums; (J)y y ;
<br /> ;ood�nsur�nce premiums,if any;le)yearlY monQa�e insurance prcmiums, if any;and(fl a�Y sums payAble by BoROwer �� � �"a?°�
<br /> � to l.ender,in sccosdance with the provisions of puagraph f3�in lieu of the p�yment of mongage insurance premiums.These '
<br /> .. , iums ue called"Escrow Itema."Lender may,at any time.colluire fo hHor ower's escrow�account under the feder�l Real !' , �` 'Y.
<br /> • � amount a lender for a federally related mortgage loan muy rcq !
<br /> I Estate SetUement Procedurcs Act of 1974 as amended from time to time, 12 U.S.C. $ 2601 er seq. ("RESPA"l.unless –
<br /> another law that applies tu the Runds sets a�essK amo�m• lf so.Lender may, at anY cime, collect and hold Funds in an 'v
<br /> I amount not to exceod the lesser amount. Lender may estinwte the amount of Funds due on the bas�s of current dala and ' -- __ ^ -
<br /> reaso�ubla estimates of expenditurcs of futurc Escrow Items or otherwise in accordance with applicable law. . .r-
<br /> � The Funds shall be held in an institu t ion w h ose depos i t s a rc i n s u r e d b y A federal agency, instrumentality,ur entity � -
<br /> . . � (i n c l u d i n g L e n d e r,i f Lender is such an�a ue��wer fa�holdi�ng an d app lying�the�d��n u a l l y�a n r l�y zy n g the�ow ' _�_�
<br /> ' 1 � p a Y t h e E s c r a w I t e m s.L.e a d e r m a y n o t g I�c a b l e l a w r m i t s I.e n d e r �
<br /> I account.or verifying the Escrow Items,unless l.ender p+Ys Borrower interest on i he Fu n d s a n d a p p� P e __– ,-+–
<br /> to mQke such a charge. However,Lender may aqoire Bonower to pay a one-time charge for an independent rcal cstate � . _.
<br /> l licable law rovides otherwise.Unless an agroement , f.X.._
<br /> ta�c rc.�otting servia used by Lender in connation with this loaa�unless apP p goROwer an interest or eamings 4 �
<br /> is made or applicable!aw requircs interest to be paid. Lender shall not be required to pay Y i • y_;;;_-_`
<br /> on the Funds. Borrower and Lender may agree in wridng.however,that interest shall be pa�d on the Funds. Lender shall _�
<br /> �� ' `' r:,-
<br /> give to Borrower. without charge,an annual accounting of the Funds,showing credits and debits to the Funds and the purpose
<br /> for whkh each debit to the Funds w�made.The Fu�ds ue pl�d�ed as additional security for a�l sums secured by this Security z,��
<br /> � Instrument. r-
<br /> If the Funds held by Lender excetd the emau►ts Porm�tted to be held by applicable law,Lerder shaU account to Borrower �
<br /> for tiie excess Funds in accordance with the requirements of applicabie law.If the amount uP ti�e Fuuda hcld by Lrnder at ,.
<br /> , � " any time is nat aufficient to pey the Escrow iums when due,Lender may so notify Borrower in writing,and, in such case
<br /> � � '��' Borrower shall pay to Lender the amount necessuy to make up the defiriency. Borrov►'er shall make up the deficiency in
<br /> ''' 1 ', � �a more shac:twtive mnnrhly payments. a[Lender's sole discretion. : `��,
<br /> ,. Upon payment in f u l l o f e l l s u m s s e c u r e d b y t h i s S e c u r i ry l n s t r u m e n t. L e n c i er s1�u11 profn P dY refand to Bonower –
<br /> ; � ,:: ,.
<br /> .� any Funds held by Lender.If,under paragrAph 21,Lender shall acquim or sell the Pruperty,Lxnder,prior to the acquisition � ;
<br /> e
<br /> o r s s+l e o f I h e P r o p e r ty,shaU a p P1 Y an Y Funds held by l.ender at the time of acquisition or sale a4 a credit against the sums
<br /> �ecured by this Securlty Inswment. menu received by Lender under . �
<br /> 3. Applicwtion of Ps►yments. Unless applicable law provides otherwise. all paY , ,
<br /> ,•!� • paragraphs 1 and 2 shall be applied: first,ta any prepaymeat chergea due under the Note;second,to amounts payablc under . ;
<br /> � para�raph 2; t�ird,to interest due; fourth,to pdncipel due;and last, to any late charges due under�he Note. �
<br /> 4. Ciwrges;Liens. Borrower shall pay all�ues, assessments,charges, fines and impositions attributable to the y
<br /> , Property which may anain priority over this Securiry Instrument,and leasehold payments or ground rents,if any.Barrower
<br />� � sholl pay these obligations in the manner provided in paragraph 2,or if not paid in that manner, Borrower shall pay them
<br /> � on time dictetly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts to be paid
<br /> � under this par�raph.If Bonower rtiakes Ihe�e paymenu d'aertly.Borrower stwU promptly fumish to Lender receipts evidencin� •
<br /> ' the payments.
<br /> Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br /> � agrees in writing to the payment of ttie obligapon secured by the lien in a manner acceptable to Lender;(b)contests in govd
<br /> � faith�he lien by. or defends against enforcement of tlx lien in, legal proceedings which in the Lender's opinion operate to
<br /> prevent the enfonement of the lien;or(c)secores Rom the holder of the lien an agreement satisfactory to Lender subor- ,
<br /> . dlnaUng the Ikn to this Security Instrument. If Lender determines that any part of the Property is subject to a lien which
<br /> ' • mey attain pdority over this Security Instrument,I.ender may give Borrower a notice idenafying the lien. Borrower shall
<br /> satisfy the lien or talce one or more of the actions set forth above within 10 days of the giving of notice.
<br /> . s, Hoyqrd or property Insuraace. Borrower shall keep che improvements now ezisting ur hereafter erected on
<br /> the Property insured against loss by fire,hazards included within the term "extended coverage" and any other ha�ards,
<br /> � ` including floods or flooding, for which Lender requircs insurance. This insurance shall be maintained in the amonnts and
<br /> ,, for Ihe periods that Lender requires.The insurunce carrier providing the in�urance shall be chosen by Burrower subject to
<br /> I.ender's approval which shall not be unreasonably withheld.lf Burroa+er fails co maintain roverage descri6ed abuve,L.ender
<br /> ; •� may,at Lender's option, obtain coverage to protect Lender's rights in the Property in accordance with paragraph 7.
<br /> All insurance policies and renewals shall be acceptable to Lender and shall include u standard mongage clau�.L.ender
<br /> shall have the right to hold the policies and renewals.If L.ender requires.Borrower�hall pmmptly givc to l.cnder all reccipu
<br /> ; of paid premiums and renewal nutices.In ihe event of loss,Bocrowcr�h;Jl F��e prampt notice to the insurance canier s�nd
<br /> . � I L,ender. Lender may makc proof uf los+ if nrn made prompdy by &muwer.
<br /> � Unless Lender and Borcower otherwise agrec m wnung,inaur�nce prcxcrds.h:Jl be appli�J a�re�tur:�uun or repair
<br /> of the Property denwged, if the restoratiem ur repair is econumically feasible and l.ender'ti+erurity iti not Iessened. If the
<br /> t rcstoration or repair is nut ecunomically fe•rsible or l.ender'� security would be lessened. the insurance proceeJti shall be
<br /> � ! applied to the sums secured by this Seruriry Instrument,whether�tt niu then due,with any excess p;ud u�&►rrower.If Borcawer
<br /> i abandons the Property,or dces m�t answer wi�hm 30 Jays a noticc fram 4ender th�t the insurancc c•rrrier h•rs olfered tu
<br /> settle a claim,then L.ender m•ry collect the insurance proceed.. Lender may use thr pnxced+ro repair ur re�wre the Pniperty
<br /> � n�m oav sums secured by th�5 Secunty InstrunKnt, whether or not then due. Thr 30-day pen�xi will begm wlkn tin�nutice
<br /> � _
<br /> I is given.
<br /> Unless Lender and Borrower utherwi�c agrec in wnt►ng.any applic•rnon uf pnkeeds a�prirn�pal ,hull n�K rrtend
<br /> or postpone 1he due dnte of the munthly payment.referred to►n paragrrph. I •rnd 2 ur�hangc the amiwnt i�f the p•ryments.
<br /> If uhder paragraph 21 the Property is acyuired by L.ender,Burruwrr'.r►ght to any in+uranrr��lic�e.and pr�keedti rc.ulnnE
<br /> from damage to!he Property prior to the acywsniuo�h•rll pa+�tu L.�nJer tu thr rxtcnt uf thr sum.+�curcd h}•Ihu Sr�unty
<br /> Insuument immediately priur to the rcyw�uwn.
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