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<br /> � UNIFORM COVENAIVTS. Borrowur and Londor covonant and agroo as follows: ��� �����
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<br /> � 1. Paymcnt of Princlpnl and Intcrcuh Prc�nymcnt or►d Latc Chnrgcs. Borrower shall promptly pay when duo tho principnl o}
<br />`��?'�� and (ntorest on the debt evldonced by the Agreement and any prepaymont und late chargos due undor tl�e Agroomont.
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<br />--� •v� 2. Appl!catlan of Paymente. Unless appticnbte law provfdos othorwlsr�, ull pnymonts recolved by Londor under plragrt�ph 1
<br /> y-'``j=:�'� ehall be applled:first,to Interest due;second,to princlpal duo;And lust,to Into charges duo undor tho Agroemont.
<br /> -�`�, . „j 3. Char�ca;LIcnE. Borrowar shAll pay all t�uces,assessmonts,charges,fines and Impositions attributablo to tho Proporty whlch
<br />.:..�.;µ,;..,y.,y may aEfain priority over this Secur(ty Instrument, and leasehold paymonts or c�round rents, i}nny. porrower shall pAy these
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<br />:,s4?� ��� oblic�ations dlrectly to th�person owod payment. Borrower shall promptly turnish to Lendor all notices o}amounts to be pald
<br /> _ - under thls pnragraph and shull promptly furnish to Lender receipts evfdencing tho payments. 9orrower shall promptly
<br />��'''•'�y dlscharge any Ilen whfch has prinrlty over this Securiry Instrument unless Borrower. (a) agroes in wrfdng to the payment of
<br /> the obllgatlon soaured by the Ilen in a manner acceptable to Londer; (b)contests in good faith the lien by, or dofends aga(nst
<br />-��,,�� enforcement of the Ilen In, legal proceedings whlch in the Lendor's opinion oporate to prevent the eniorcemont of the lien or
<br /> ;:�lr.�;,';"�"° fotfeiture of any part oi the Property; or (c) secures irom the holder of the lien an agreament satisfactory to l.ender
<br /> �•=��;�^; subord(nating the Iten to this Socurity Instrument. If Lander dotermines that any part of the Proporty is subject to a lion whlch
<br /> ��+'~ ma attain riori over thls Socurf Instrumont,Lender ma ive Barrower a noiice identif in the lion. Borrower shall satisf
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<br />:__����; ; the lien or take one or more ot the actions s�t forth above withln 10 days of the givi�g of notice.
<br /> •�-�•�• 4. Hezard Insu�anca Borrower shall keep the Improvements now existing or heroaftar eracted on the Property insured agalns4
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<br /> '-—� loss by fire, hazards Included within the term 'extended coverage" and any othe� hazards, lncluding floods or floodlny,tor
<br /> - -�=r�a.�:. whtch Lender requlres Insurance. Thls Ineurancd shall be malntained in the amounts and for the pAriods thAi Lender
<br />:-�-;__'.,,,�� requfres. The insurani:e carrier providin� the insurance shall be chosen by i�orrower subject to Lender's approval which
<br />���,�, shall not be unreasonably w(thheld. If Borrower fails to maintain coverage �s described above, Lender may, at Lender's
<br />:�"�-Y,�};_;L . optfon,obtain cover�ga to protect Lender's rights in tho collatoral in accordancewith parayr�ph 6.All insurance policies and
<br /> -----__= renewals shall be acceptable to Lender and shall include a standard mortgage clnuse. Lender shall have the right to hold the
<br />=-��J-�'� ' paltcles and renewals. If Lender requires, Borrower shall promptly give to Lender all receipts of paid premiums and renewa!
<br />- notices. In the event of loss, Borrower shall glve prompt notice to the Insurance carrler and Lender. Lender may make proo}
<br /> ot loss if not made promptly b�Borrower.Unless Lendor and Borrower othenvise agreo in writing, insurhnco procasds shall
<br /> ----- be appliQd to rostorztion or repair of tho Property damaged, if the restoratian or repair is economically f�asible and Le�der's
<br /> ___ security is not lessened.If the restoration or repalr Is not economically feasible or Lender's security would be IessenEd,the
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