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<br />_ .._ � UNIFORM COVENANTS. Borrower and Ixader covenant and agree as follows:
<br /> 1. Payment of Principal and Interesh,Prepayuient and Late Cherges. Borrower sball promptly pay whea due the F,t_
<br /> a ent aad late charIIes due undBr tti� Natc.
<br />- � � priacipal of aad iatcrest oa the debt evidenced by the Note azed any prep Ym �°_
<br /> ;}�� 2. F�nds for Texes and Ins�aace. Sublect to applicable law or to a writtea waiver by lxader. Barrower skall pay
<br /> - ��� . to Lender on the day moatbly paymmeat are due under the Note.until the Note is paid in fuli,a sum t"��1a")for: (a) yeariy �
<br /> •„ taxcs and essessmenta which may attain PriuritJ'over this Securiry Instnunent as a lien on thB Pmperty; {hY Y��'ly loasehold _
<br /> '. �� payments or ground rents on the Prop�rcy,if any:(c) yearly hazard or pmpercy insurance prcmiums; (d) y�arly flood tasurance
<br /> premtums. !f any; (e) Yearly mortgage fnsurance premiums. if any:and (� a�►Y sums Payabla by $c��ower co Lender, In _
<br /> accotdanrx with ihe provistons of patagraph 8,in lteu of the payment of mortgage ii►surance premiwns• 'Tt�ese items are called
<br /> ' .�� "Escrow Items." Lender may,ai any time.collect and hold Funds in en aucouat aot to excsed the m�uimum amounc a lender
<br /> for a federatty related iuorcgage taan may requim for Borrower's escrow account uader ttte �ednral R� Fstate Sealemeat
<br /> . pcocedures Act of 1974 as ameade8 from tlme to time, 12 U.S.G SecHon 2601 et seq. ("R�SPA").uniess aaother law Wat _
<br /> � �.� app��es �o the Fuads sets a lesser amA�nt. If so.Lender may.at any time.vollect and hold Fuisds in an amount not to exceed
<br /> � the lesser smount. L.ead�r may estimace the amouat of Funds due on the basls of current duta aad reasonrjbie estimates of r_
<br /> . � ,�. C expenditures of future Fscrow Items or othetwise in accordence with aPP1�cab�e law.
<br /> ure
<br />' 'I'he Funds shall be held in as�insdtution whose deposits are insured by a federal agency. instrumental ty,or ea ty --
<br />-. .: ,,•;� (including Leuder, if Lender is such eu institndan) or In any Federal Home Loan Bank. iYeader sball apply ihe Funds to pay
<br /> � ' the Escrow Itema. I.ender may aos cdearge Bornnwer for holding and applying the Fuuda.anau�tly analyzing the escrow s.ccount,
<br /> or vertfyingthe Escrow Items,unless �.ender paya Horrower interest on the Funds aad applicabla law permSu Lender to makc
<br /> ��� � � • such a charge. However�Lender uiay require Borrower to pay a one-dme charge for an independent real a�tate cax reportiag
<br /> '". �'"` _ ssrvke e�sed by Lender In connection with this loan.anless appucablc law provides otherwise. Unless �n agr�.�ement is madc
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<br />�*. �'.`�� or applicable law requires interest w be paid. Leader shall aot be required to pay Ba:rcower any interest or earnings on e �.
<br /> puads. Bflrrower and Lender may agroe in wrldag�however, tht�t iaterest shall be pafd on the Funds. �.�ender sha11. give to
<br />-,,�:�:,-:;�s'•�� -° Boctvwc�. aithout cbarge,aa anaissl sr.ca ino Qf the�nds,sho�ving credits aad debfts co the Fuads and che�nugase for wlueh
<br />-��:; it' each debit to the Funds was made. "i9ie Funds ate pladgecl as sddidonal s�;uri�y for eti sums secure4 gy s�us Securiry -
<br />�:;+;N�� [nstNment. licable law,Lender shall accauat to
<br />-�� ;�: , lf�{e Runrls held by Lende� eacxed the amounts erwitt�ed w bc hcld bY•aPP
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<br /> ��' Borrower fox;tt� exeess Fwids in.uGcor�� ���e �i nts of applicable law. If the amount of the Funds held by
<br /> -'• � I Lender at aay tima is aot suffioient to paY the Escrow Items whea due.Lendcr may,-so nodfy Borrower in writing.and, in such
<br /> f"�;.?`�::,•;r„ �'
<br /> �,,;j«,.�;�5 case Borrower shaU pay to I:ender.th$amou�►t n�cessaz'Y w make up the deRcieacy. Borco�x�r shall make up the de eiency
<br /> = r�:-,�,±� , ao more than twelve m�Sathly payments. at i.ender's sole discredon.
<br />�,:�,n r=�-, ' Upoa payment in full of ell sums secured by this Sec�tl+ insuument� Leader shall promptly refuad to Borrower any
<br /> _=`�'��?;L,___ � . . Funds held by I.ender. if,under pare8raPh 21.Lender sb211 acqu�re or sell ths�tOPe�Y� �der, prlor to the acqu3sition or
<br />.-;:°;��::��-�� . sale of the Property.shall apply any Funds held by Lender at th�e ta�ne oY acqudsitian�or sale as a credit a�ainst the swas secured
<br /> i;�K•t;:.•:�: by this Securlty Insttnment.
<br /> .,zti�ld ,
<br />-_ _.�yy�•. 3. Application of Aayments. Unless applicab2e la�v pravides oth�wi�a. a11 PaYments rPCeived by Lender uader
<br /> � �.'�`' ParagraPhs 1 and 2 shall be applied: fust,to an�PrePaYmcn�'��8'�due under We Note;second. to amounts payable under
<br /> `�:�:';,;.:
<br /> t.-���y� paragraph 2;third.to interesc due;fourth,to prtucipal�due;aad�lest;to any late c6urges due under the Note.
<br />-���n�.,� 4.Charges,Liens. Borrower shali pay allitexes,aRSe�sments,chturg@s,.fia�and impositions atcributable to the Property
<br /> rt — wbich aaay attain priority over this Security IasauYn�t� qnd�l�asehold�paym�nnts or grouad rents.if any. Borrower sball pay
<br /> -°°'�as�:`i'� these obligauons in the manaer provided in paragrapb.2.on it�nat• aid fadhttt,m�atner. Borrower shall pay them oa dme directly
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<br /> �i„�;�:� fumish Lu' 'der a1l�nodoes of amobmts to be paid under this paragraph.
<br />_�=+:::���,��.:� to the person owed payment. Borrower shall prompdy
<br />��;�;���%�'.1' - If Born�wer makes these payments direcdy.Bonower sWill�pmmp�ly�fumish to Lender�eceipls evideaci�tg the paymente.
<br /> Bomower shall promptly discharge any lien which t�s prlornty over tlt�s Securtty Insuuptent unless Borrower:(a)a�r�
<br /> � � � in writin to the paycneat of the obHgation secured by the lien in a msnner accePtable to Lender; (b)contests in good faith the
<br />='��s � g s which in the Lender's opinion operate to revent the
<br /> - lien by,or defends a�ainst enforcement of the Uea�iu,legal proccedinS
<br /> enforcesrieut of the hen;or(c) secures from she holder of the lien an agreement satlsfactory to Leader subordin t6e lian
<br />.�--�"'—"-�,i to this Secarl yInstiument. If Lendes dete�mines that any part of the Property is subject to a lfen which rr�y attain pdority over
<br /> - `��-��— chis Security LInstrnmeat. Lender aiay give Borrower a aotice identifying the lien. Bottower shalt satisfy the lien or take oue
<br /> �?-�-� or more of the actlons set forth above within 10 d�ys of the giving of aotice.
<br /> =t.�;��., S. g�,�or p�perty Insurance. Borrower shali keep the impTOVements now existing or hereafter erected on tl�ee
<br />'""v����, pmpesty .insured againsc loss by fire,hazards included within the term "exteaded coverage"acd any other hazards,including
<br /> _`,::".��'�..:. � floods ar floodin�,for which Lender requires insurance. 'it�is iaSUtance shalI be maintained ia the amounts and for the periods
<br /> _ : .�: that Lender re�wres. '!he insurance carrier providing the insurance shalt be chosen by Borrower subject w Leader's approval
<br /> - w�ich shall not be utu+easonably withheld. If Borrower fails to maintain coverage descdbed above.Leader may,at Lender's
<br /> ' � ' opdon.obtein coverage to�mtsct L,endsr's rights in the Pmpeny in acourdance with paragraph 7.
<br /> � pll insurance policces end renewals shaU be acceptable to Lender and shail include a standard mostgage clause. Leader
<br /> - shatl have the rlght to hold tite pollcies aad renewsils. If Lender c�eyu[res, �onower shall promptly give to Lender all receipta
<br /> � of paid pmmiums and renewal aotices. In the event of loss.Borrower shatl give prompt notice to the insurauce carrier and
<br /> _ ' b: Lender. Ixnder may make proof of loss if not made pmmptty by Borrower.
<br />_ `;`•,;' Unlesy Lender aad Borrower otherwise agree m writiag.insurance Pro�s shalD be applied to restoratton or repalr
<br />� r.I, of the Praperty damaged. if the restoration or repair is economical Quld bell sened,the'�insurance proccedsl haU be applied -
<br /> ` _,i�'''."�� restoradon or repair is not economically feasible or Lender's security -
<br /> . °_. - .�....�.:a cd.��.sw tn.acrume,u. whethet or noi then due� with aay excess paid W Boirower. if Bonower
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<br /> - � - [V[IiC SIUW Owvaw v> .«.�------� --'
<br />` �� � abandoz�s the Property.or does aot answer within 30 days a aodoe from L.enaer tiiat me msm�ce c�r�cr°�°i iciai i'v�u�
<br /> � a claun>thea Lender may collect the insuranc�e ptnceeds. Lender may use the pmceeds w repair or restore the Pc+operty or
<br /> � to pay sw�secured by thls Security instrument•whether or not then due. 'rhe 30�day period will begin when the aodoe is�aven.
<br /> Unless Lender aad Bonower othervvise agree in wridng•a�ry a Plication of proceeds to pnac�pal shall not extead or
<br /> postpone the due date of the monttily payments referred to in ParagraP� t and 2 or change the amount of the paycnents. If
<br /> ° under paragraph 21 the Progerty is acquired,by I.ender.Borrower's rtght to any fnsurance policies aad proceeds cesultiag from
<br /> damage to the Property prlor to the acqwsidon shall pass to Lender to the extent of the sums secured by this Securiry
<br /> lnstrumeac immediately pcior co the acquisition. ,Borrower'sLoan A lication;Lea�eholds.
<br /> , 6. Occupancy,Pa�,servatton,Meintenance and Pro���er's�rin�al�idence within sixty days aRer the eaecutioa =
<br /> . . Borrower shaA occupY.establish.and use ttte Property P P n n l
<br /> _ inieials= _ r;( � _
<br /> ..-<.�,------._- !y!tARA.SIiA-Stnuts FamqY-Knente iviae�Fredme ni�n: L7iiL'a�.ZS i1':SlYiL':�.*tT :V l� F 51NEC2 0119b
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