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<br /> UNIFORM COVBNANTS. Bonower and LeMer covenu�t and agac as follc�ws: �1 ,�._
<br /> �. p�yrqeal ot PNncipal And lnterat:PreWYmeet and I.�te Clwrga�. Burrower shall prompdy pay when due --- �
<br /> • the principd of and interest on the debt evidenced by ihe Note and any prepayment und lute charges due under�he Note. ��.�,:_,_
<br /> 2. Funds tar 7'�z�e pnd�nsurance. 3ubjcct ta opp8cable law�ar to u wrinen wuiver by Lender. Borrower ahall =���_�r.�.�,�,�y�
<br /> pay to Le�der on tlie day monthly payments are due under thc Note, until 1he Nute is p:�id in full,a sum("Funds")for: ;, •, ,:. _
<br /> (A)yeady wxes ond�ssesaments which may anain priority over Ihis Securiry Tnstrument es o lien on the Propeny;(b)yrxrly i ,� �L _
<br /> leas�hold payments or ground rents on the Property.if any: (cl yearl y ha:ard ar prapeny insurance premiums;Id) yearly T.,-�.�
<br /> ;�ood insurance premiums, if any;(e)yearly mongage insurance p�emiums, if nny:and(�any surns payable by Bc��-rower � .
<br /> '� to I,ender,in accordance with the provisions of parngraph B, in lieu of the payment af murtguge ins urance preminms. These ; .. -,
<br /> items nre c�lled"Escrow Items."L.ender may,at any�ime,calkct and hald Funds in an amaunt na�to exceed the maximum � , ,
<br /> � amount e lender for a federally related mongage loam m�y require for Borrower's escrow account under th¢federal Re�l -
<br /> Estate Settlement Pracedures Act of 1974 as amended from time to time. 12 U.S.C. 4 2G01 er seq. ("RESPA"), unless ' � ,
<br /> another law dwt applies co the Funds sets a lesser amount. lf co. l.ender may,at any time, collect and hold Funds in an �
<br /> amount nat to excad the lesser amount. Lender may es�fmate the amount of Funds due on the basis of current datx and
<br /> �easoaable estimotes of expenditures of futute Escrow Items or otherwise in accordance with applicable law. �
<br /> The Funds shall be held in an institution whos¢deposits ara insured by a federal agency,imttvmentality.or entity ,
<br /> (including I.eader.if i..ender is such an instiwtion)or in any Federal Home Loan Bank. L.ender shall apply the Funds to
<br /> Y, pay the Escrow Items. Lendet may not chacge Horrower for holding and applying the Funds,annually analyzing the escrow , . ��:w�
<br /> account.or venfying the Escrow Items,unless L.ender pays Borrower interest on the Funcls and applicable law peRnits Lender � -
<br /> to make such A charge. However, Lender may require Borrower to pay a one-time charge for an independent real estate
<br /> � 1ax reporting service used by I.ender in comecuon with Ihis loan,unless applkable law provides otherwise.Unless an agrcement - .
<br /> is made or applicabk law requires incerest to be paid,l.cnder shall not be required to pay Borrowe r any interest or camings
<br /> '' on the Funds.Bocrower and I.ender may agrce in writing,howevcr,that interest shall be paid on the Funds. l.ender shall
<br /> give to Borrower.without charge,an annual accounting of ihe Funds,showing credits and debits to the Funds and the purpose .
<br /> for which each debit to the Funds was made.The Funds are pled�ed As addi�ional securiry for all sums secured by this Security
<br /> lnstrument. '
<br /> if�he Funds held by Lender exceed the amounts permitted w be held by applicable law,l.ender sAaU account to Bortower :.�..
<br /> for the excess Funds in eccordance wid►the requirements of applicable law. If the amount of the Funds held by l.ender at
<br /> any time is not sufikient to pay the Escrow Items when due,Lendet may so notify Borrower in wnting, and,in such ca�e
<br /> Bottower shall pay to Lender the amount necessary to moke up the dafioiency.Bonower shall make up the deficiency in � .
<br /> •� n�m�+re �han twelve monthly payments,at I.ender's sole discretion.
<br /> Upon payment in full of all sums secured by this Security(nstrument, l.onder shafl prampdy refund tu Bu�rower
<br /> any Fuads held by Lender. Ii,under paragraph 21,I.ender shall acquire or sell the Property,Len�at.p�ior to the acquisition
<br /> or sale af the Propeny,shall apply any Funds held by Lender at the time of ecquisition or sale�s a credit against the sums , . ';ji
<br /> secured by this Securiry Instrument. '',
<br /> 3. AppllcAtton oP PAyments. Unlass applicable law provides otherwise.all payments received by l.ender under
<br /> pwagrap4s 1 and 2 shall be applied: first,to any prspayment charges due under the Note;second, to amounts payable under
<br /> paragraph 2; third,to interost due: fourth,to principal du¢:end last,to eny late charges due under �he Note.
<br /> 4. Clwrgesi Liens. Borrowcr shall pay all taxes, assessmenu,charges. fines and imposilions attribuwble to the
<br /> Property which may attain priorih�over this Security Instrument.and leasehold payments or ground rents,if any.Borrower
<br /> shall pay these obligations in the manner providad in psuagraph 2,or if not paid in that manner, Borrower shall pay�hem
<br /> on time direcQy to ihe person owed payment. Borrower shall promptly fumish ta l.ender all notices of amounts to bc paid
<br /> under dus parayraph.If Borrower makes ihese paymeots dirocdy.Borrower shall promptly fumish to l.ender receipts evicicncing
<br /> the paymentr. •
<br /> Borrower shall promptly dischuge any lien which has priority over this Security Instrument unless Borrower: (a)
<br /> • agras In writing to the payment�f the obligation secured by t�e lfen in a manner acceptable to l.e nder;(b)conteats in good
<br /> � falth the lien by, or defends against enfurcement of the lien in,legal proceedings which in the Lender's opinion operate to
<br /> . prevent the enforctment af the lien;ur(c)secures from the holder of the lien an agreement sa�isf�ctory to l,ende�sutwr-
<br /> dinating the lien to this Security Instrument. [f[.ender determines that any part of the Property is subject to a lien which
<br /> may attain priority over this Securit�Instrument, l.ender may give Borrower a notice identifying the lien. Borrower shall
<br /> satisfy the lien or rake one or more of the actions set tonh above within IO days uf the giving o(noticc.
<br /> S, tlazard or Ptoperty Insurance. Borrower shall keep the improvements naw exisung or hereaher erected on
<br /> the Property insurcd egainst loss by fire. hazards included within the term "extended coverage"and any other hazards,
<br /> � including floads or tlooding, for which Lender requires insurance. This in�urance shall he maintained in the amounts and
<br /> ' for the periods that I.ender requires.The insurnnce currier pro�•iding the insurnnrc xhall lx chosen by Borrower subject to
<br /> �; I Lender's approval which shall not be unrcason�bly withheld.If Borrower fails�o maintain cuveroge Jescribed above. I.ender
<br /> may,at L.ender's option, obtain coverage tu protect l.ender's rights in the Pruperty �n •rccorJance with pa�ngraph 7.
<br /> ' All insurence policies and renewuls shnll be acceptable lo[.ender and shall inrlude•r standrrd munFage clautie. Lender
<br /> � shall have the nght to hold the pnliricx and renewals.If I.ender requires,B��rr��Nrr�hall pmmptly �wc�n l.ender all receipts
<br /> � of paid premiums and renewul notices. In�he cvent of loss, &�rrower rhall givc prompt notirc to the insurancc rarrier and
<br /> ' Lender. l.enckr may make pr��if i�f I��.. i(not maJe pmmptly by Burr��wrr.
<br /> ' Unless Lender nnd Borrower utherµixe agrce�n wntm�, insuruncr prucced�+hall I+e appl�eJ to rc,torau�m ur repeu
<br /> . iof the Property dam�ged, if the rcau�rutiun�ir rep�ir�+ecunwnicrll� fca+iblr and l.cndrr'. se�u ril�� �a not le.tiened. If the
<br /> ( resmration or repair is not ecunomicully t¢ariblc or Lcnder'+ucuruy w•uu1J he Ic„ened.thc inwrurxe prrxreds �hall be
<br /> applied to the sums secured by thi.Srcunty Instrument,whcther�►r nat then Jue.K•ith an�exce�.paid to&mouer.l(B�Kruwer
<br /> abandons the Property,or J�mti nat an.wer wuh�n 30 day,a nnncc from Lcnder that the �n,ur�nce carrirr hn.uftcrrJ to
<br /> ( settle a claim,then Lender ma}•roUect�he intiurancc pr�xecd�.Lendrr m;+y u�e th�pnxred.tu repau ur rr�ture the PruExn}•
<br /> � or to pay sums secureJ by this 5erurity Imlrum�nt,whelher ur no�then Juc. 1'he 3U-day peri�d W dl hrgm when the n��uce
<br /> ! is given.
<br /> Unless Lender and Borruwrr�nhrrwiu agrec in wnun�t,am apphranun ot prure.d,tu pnncip•rl tihall n���r�tenJ
<br /> or postpone the due date uf thc monthly pa}ment.referred to m paragraph. 1 and 2 ur rhangc�he rmount uf thc pa)mrn1,.
<br /> If under paragraph 21 1he Property �+aryuired b} Lendcr. Burn�wcr'�nght tu any imurancr puli�ics anJ pnkced+ n.ulung
<br /> from damage to the Propeny pnur w thr acyw�nnm��1�II (1J��tu Lrn3cr i���he rt�rm�d�hc wiTn.r.urrd h� �h�. �c�urn�
<br /> Instrument immediatcly priur w the arywsiuun.
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