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<br /> � �� UNIFURM CavHNANTS. Bor rower and Lendar covenmt end egrce as fullows: ,.,.i;:,w.,
<br /> ,, ,• 1. P�yment of Princip�l md Inlcrcak f'rep�ymcnt and I.Rte Chuaes. Bnrrower sh�ll prnn+pily p;ry when due k
<br /> �he principai�f�nd mterese�n che dabt evidenced by the Nute end any prepaymen�end i.�le i.hargcv duc under thc Nu1e. *�
<br /> �. �und�for Tpxei�nd In�unnce. Subject to applicable law oe to a wri�kn wai�er hy l.anQar, Horr�wcr shwlf � • _
<br /> pay to I.endcr on the day mon�hly payments arc due under�he Note. until thc NotC Is paid in tull, �aum l"Funda"1 for: ' _
<br /> (a)ye�dy�+�xcs ond aasasamcmr which n�y att�m pnunty over thia Security Ina�trumen�as a Ifcn un the�'ropGny.(b1 ycarly �
<br /> ' . Iea«hold p�ynients or gcound renu on the P�openy,it any: (c)ye�rly haz•rrd or p�opeRY m�urancc premium�, (d)yearly �� • � �
<br /> �ood insurance prcmiums, iF any;l�) yearly mort�a�e inyuronce prcti�iums,if ony; end (�any yumy paynhlc by Bormwer ` .
<br /> ' tn Lender.in eeeo�dance w�th tho provisfons�f naraRreph S,in lieu oF�he pay ment�f monga�e insura»ce prcm�ums.The.se _
<br /> itema are called"Bscrow it�ms."Lender may,at Any tiaie.collcGt ond hold Funda m an amount not to excccd the max�mum .
<br /> amount a lender for a feder�lly relsted monQage loan rnay r�quire for Bortower's escrow occount uoder the fedar�l Rea)
<br /> Estat�Se�tlrment Prrcedurer Acl of 197A as amoDd¢d f�om pme to time, 12 U.S.C. §2601 rl se•y. ("R�SPA"),onless � i
<br /> ona�her law thr�t applies�o tha Fundx sero a lesser amount. It so,l.ender may,et any iime,collect rnd hold Fundy in an '
<br /> ornounl not to eacceJ the lessor rm��unt. l.ender may estimate tho amourit of Funds duc on thc basiy of current d�ta end r
<br /> �easonable astimq�ec of exp.nAitu�es a,f f�n,re Erccow ltems or othenvise in ateordanee with epplicpble law. '
<br /> The�undi sh�ll be hcld in ae inclltutivn whus�depo�ita are insured by w kderal agency, ins�n�mentality, ur entity
<br /> � IfncludinQ l.ender.if I.eader i� �u�h an institution)or in any Feder+l Home l.oan P�nk. Lendcr yhall apply the Punds to �
<br /> pay�he E:crow Itcma Lender may n�r r.hnrge B�rrnwer tor Ix�IdinR and applyin�th�Funds.annuully anelyzina thc et�row
<br /> rccount,or venfy�ng�hc Bscrow lums,unkss l.ender pays Botrower intarest on 1he Funds and applicnble lew permi�s I.ender • ��
<br /> to makc ruch a chuge. However,Lender may rcquirc 9arrnwer�u pay a one•time charge for an independent rcal esta�c . �� , �
<br /> 1ax rcportin6 aorvice uud by l.ander io connection�wth thi}loan,unless applicable Inw pmvida nthetwia Unless atl aQteOment
<br /> � is rnadt or epplicabk law reyuires intcrest�o be paid,Lendcr�hall not be requircd tu pay Borrowc�any intcrext ur cernings � „
<br /> on the Fund►. Borrower and Lender rnay agree in wtiting, however,that interest�M�II be paid on thc Funds. l.ender shall �
<br /> givc to Borrower,without ch�r�c,a�wnnual oecountiug of�be Funds,�ho��ing er�dies�nd debits ta the Fundy Hnd the purpoxe .
<br /> for which each deb�t to the Funda wAS nude.'Che�unds are pledged as additional secutiry for�Il sums secured by this Security • .:�.�.
<br /> aic,
<br /> Ins�trument. ==
<br /> If the FunJa I�e1J by la:nda cxceul�hc.m�aunts pernuttcd to bc hcld by ppplicuble law,Londer Khall aeeuunt to Sonow�t - _
<br /> for the excess Punda in accorJ�nce w1�h the requiremente of applicable lpw li the amount of the Fundc held by Lender at "�'
<br /> aoy tfn�e ia not�uffieicnt ta pay �he Escraw ltcros when due, Lender moy so notify�orrower in w�itln�,and, in buch case
<br /> Hortawef ahall pay to Lcnder�i�o uww�u ur�cYenry to mekc vp thc defieiency. BorroM�or ehdl maka up tho doliefency in
<br /> n�more thun twelvc monthly peyrneels.at LenJcr's sale diicretion •
<br /> Upon p�ymant in fuii oi rii yun�s�ccwr.J by thls Security 3nstrumeni,l.cssder sl�a!) p:nmptly refund to e+�+t�aw�r ; . ,� �•�
<br /> en��hultds held by l.ender. If,u nd«parA�raph 21,Lendar shall acquirc ur arll U�r P�openy,I.ender,pri�x t���hc ncquiaition �
<br /> ur s�le of thc Property, ahall apply any Funds hclA by Lendcr at the tfine of acquisilio�or s�le es a crcdit a�uinst the suma i�
<br /> secured by�his Secunty Instrurnent. ��
<br /> 3. AppllcMtlnn of 1'pymeats. UNes� ypplicable 1aw hrovldes a�harwlse. �1� pYymenu i�xeivcJ by[.cnder onder �
<br /> paragraphs I nnd Z ahall bc epplied:first.to any pn:pByment charger due under�he Note;second,to amount.payable under �„
<br /> para gra ph 2; third,to interex� duc; f�ur�i, tu principal duo; ond lASt, to�ny late cha�ges duc undcr the Nnte. ��'t
<br /> A. Chargeat Lkns. ��Wrowcr shaU pAy all laxe.r,a9sa�smcnte,cha�g�s, fines ond imporiciana attrlbuwblc w nc� �
<br /> hropeny�vhich m�+y attoin privritY evcr this Security loauumcnt,atd Itaaehold paymcn�s or ground rentw,if eny. F3orrowcr .4
<br /> ahall pay�hese obhgat�ons in tt�e manne�provfded in par;►kn�ph 2, �r if not paid in that menner. Horrowcr shell pay them .
<br /> on time direcUy to the person uwed payment.Borcower shall pron�ptly Furn�sh to l.ender all notices ot amounes�u t�e pa�d .
<br /> under thls pxra�raph.I[HoROwe�makes U�ese paynxnts riireedy,�orrowcr 9hn11 prompUy fuMsh to L.cndcr rcceipts e�►dencing
<br /> �he poymcncs. '
<br /> Borcower ehall prc+mptly Jischer�e any lnn which hos priority over thls Security Inctrumem unless Borruwer: �a)
<br /> agrces in writinQ tn thc paymern of tl�c obllqet(on secured by thc lien m a manner aeccptabk to Lendcr;(b)conte,rte in g���d
<br /> failh rhe liee hy, or defendy agafnst enforccment of the lian in,lc�nl pruceedings which in the Lender's upinion operatc ta
<br /> prevent the enforcemen�of tFx: lien; or (c) secu�es from the holder of the licn an agrcement sa�isf�ctory to I.ender subor•
<br /> dineting the lien to this 5ecunty lnsttume�tt. If Lcndcs dctermine� thot any pan of the Pr�perty is aubject to�licn �vhich
<br /> �nay anain pric+rity over lhis Seenrily In�tnnnrrn. �,cnder may give Aortowef e f1o11CC identifj'iDR�Q litn. Borrower xhall
<br /> �ntisfy the lied ar Wkc one or mo�e of�hc ac�ions set forth ubove within 10 dnyc of the Qiving of notice.
<br /> 5. Har,prd or Prop�rty lnaurence. Bortower shnit kecp Ihe improvemNnls nnw exiating ur hereafier crccted on
<br /> tha Property in�ured againrt losc by fin, ha.:arda inclucl�d wi�hin thc Mrvn "rx�rnded coveraQe" and env other haxerds.
<br /> r including flaads or flooding,for which l.onder requires incurance. 7'his ineurence Rl�al!tx maintafned in the amounts nnd
<br /> 1 f�t the penods ihat t.cnder requires. 1'he invurance rarrler providtag�he insuran���hnll bc cMo�cn by Borrower tiubject �o
<br /> w Lender's 0ppiovul which ShAll tl�t be un�easonably witld�eld.If 11rn i��wcr faita t�maintam co��rogu dnsc�ibed ab�+ve,[.ender
<br /> � � may, al Lender'x option, oblain coveregc. to ptotect i.ender's rightc in the Prnpetty �n acmrdance w�th paraRraph 7
<br /> All insuranee policies and�enewal�shnll be aceeptxblr.tn l,ender and shall inclucie a�iandard morttage clause Lender
<br /> Ishal)have tlie ngtit lo hold the paltc�es and ienewals. If Lc��der �cquircy,Svr�vwtr Jia11 p�om�tly F�wc to l.cnder ull receipic
<br /> � of petd premiums and renewal nonec:e. lu the event of lo�s, Botro�ver,hell gi��e p�ompt nalice tn the inwrnnce cutrier and
<br /> ' Lender. l.ender may make prewf of loss if t�ot made prompUy by Do«o�vcr �
<br /> � Vnl�ss t.endc► and Borrower utn�r.�isc �gree in u�nting,insurnnce p�acc��sh.�u h��rri,�a w�r.w�s<<�►,�r«�.���
<br /> , uf the Pr4pcny damogcd, �f the restuiaUn�►ur rcpair is ccunomiaill�� fcasible anJ l�nder's ••�cunry is not lesticttcd. If the
<br /> resloratien��r repnii �a not ecoi�+iu�c�lly feari�,lc or Lcnder's sccurny would be ics>cned,the insurancc praeeds sfi�ll br
<br /> applied to the sum9 secwed by this 5ecuruv la�trument,whi�ther or nut then due.W�th eny e�ce.s puid ta Bormwci lf 9w�uwc�
<br /> � abandnn9�he Propeny,ut da:a nut :mswer w�thin 30 da}�s a notire from Lender U�at the insurancc carricc h;����fkrcd �o
<br /> ! cetile a claim.lhen Lcudrr inav colleci thr insurau�c nr�cecdx. l.endei may use ihr pn Kceds to repau��r rrstore thc Pro�x:rty
<br /> � or to pay sums secured by this Serurdy lnstromcnt, whcthcr ur not then due. 7he :4�-day per�od will t�egm when lhe m�ticc
<br /> �s g�ven.
<br /> Unl�«Lender and Bt�trowcr othcra•isc a�teC in ��nUnµ, any applic�uon ot prcxceds tc+ pnnripnl sha11 nat eti��nd
<br /> �r postpone the due�ute af the mnntldy puymeni�referred to in p,�ragrnphs 1 and :��r d�un�e the am�unt o!the paprncnts
<br /> If undet peragraph 21 tne PrnEnrty isacqui�ed by Lendc�,Burrow•es's r�ght to eity insurancc polic'tcs anJ procceds tesult�nR
<br /> frum damagn to tha Properly �d��t to tIl! n��uf�ilfrn�I�at1 �nss�o Lendec to Uie exi�ns of�he sum,•a:ured by th��Securiiy
<br /> Instrument inunedfetely ptior tu the acquis►tion.
<br /> i Fo�m�071 4i00 rpapr:�/�row��!
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