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<br /> UNIFORM COVEN�NTS. Borrower and Lendcr covenant snd agree us follows: �� �.��O�Q
<br /> 1. P�ya�ene a!i'Nnclpal�1Aterssu Prepsymest and I.�te CA�u�ea. Borrower sfwtl promptiy pay whcn due
<br /> � the princip�l of�nd intarest an the debt cvidenccd by the Notc and any prepayment and late charges dve unde�the Note.
<br /> �. � F��i�!T.�.�..�tw�ne��r�, C��hjrrt!4�l�+�lic�l+le 1�!w pt to a wr�tten w�,iv�r hy i.ender,Borrower sha11 pav
<br /> to Lender on the d�y monthly payments arc due under the Note.until the Note is paid in full,a sum("Funds")equal to
<br /> ' one-twelRh of: (a�yearly taxes and ass�ssments which may attain priority over this Security lnstrumcnt; (b) ytarly
<br /> = laxhald payments or grau�d rents on the Property, iP any; (c) yeuly hsurd insurance premiums; and (d) yearly
<br /> mort�aje insurance premiums,if any. These items are r,�lled"escrow items." Le�der may estimate the Funds due on the
<br /> buis of current data and rauonable atimates of future escrow items.
<br /> 7'he Funds shall be held in an institution the deposits or accounts of which are insurcd or guaranteed by a federal or
<br /> sute ssency(includiag Lender iP Lender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br /> I.ender may not charge for holding xnd�pplying the Funds,analyzing the�ccount or verifying the escrow items,unless
<br /> Ltnd�r psys Borrower interest an the Funds and applicable law permits Lender to make such a charge. Borrower and
<br /> � Lender may agree in writing that interest shall be paid on the Funds. Unless an agreement is madc or applicable law
<br /> requina interest to be paid,I.ender shall not be required to psy Bortower any interest or earnings on the Funds.Lender
<br /> ahall�ive to Borrower.without c�►uge,an annual accounting of the Funds shawing credits and debits to the Funds and the
<br /> putpose for which ach debit to the Funds was made.The Funds are pledged ss additional security for the sums secured by
<br /> this Socurity Instrument.
<br /> If the smount of the Funds held by Lender.together with the future monthly payments of Funds payable prior to
<br /> the due data of the acrow itetns,shall eacad the amount requiral to pay the escrow items when due,the excess shall be,
<br /> at Borrower's option,either promptly repaid to Borrower or credited to Borrowcr on monthly payments of Funds.If the
<br /> smount of the Funds held by I.ender is not sutRcient to pay the escrow items when due,Borrower shall pay to Lender any
<br /> uaount neeasary to m�ke up the deficiency in one or more payments as required by I.ender.
<br /> Upo�a payment in full of all sums secured by this Security Instrument,Lender shall promptly retlmd to Borrower
<br /> '- � aay�unds hdd by Lender.lf under paragraph 19 the Yroperty is sold or acqn�red by Lender,Lendu shall appiy,no iater
<br /> than immodiately prior to the sale of the Property or its acquisition by 1.tnder.any Funds held by Lendcr at the time of
<br /> application u a credit sgainst Rhe sums sxured by this Security Instrument.
<br /> 3. Ap�iieatios oi P�ymenb. Untess applicable law pmvides otherwise,all paymrnts received by Lender under �
<br /> paragraphs 1 and 2 shall be applied:8rst,to late charges due under the Nate;second,to prepayment charges due under the .
<br /> NotC third�to amounts payable under paragraph 2;fourth,to interest due;and last,to principa]due. .
<br /> 4. C1�r�Lteas. Honower shall pay al1 tases,assessments,charges,fines and impositions attributable to the _
<br /> Property �vhich may attain priority,over this Secarity Instrument, and leasehold payments or ground rents, if any.
<br /> Borro�rer shall puy thae obligations in the manner provided in paragraph 2,or if not paid in ihat manner,Borrower shall �
<br /> pay them on dme direcdy to the person owed paymtnt.Borrower shall promptly furnish to Lender all notices of amounts i� :
<br /> to be paid uader this paragraph.If Borrower makes these payments dirxtly,Borrower shall promptly furnish to Lender
<br /> receipts evidencing the paymrnts. .
<br /> �onower sh�ll promptly discharge any lien which has priority over this Stcurity Instrusnent e�nless Borro�ver:(a) � _
<br /> agreas in w►riting to the Qayment of the obligation secured by the liea in a manner acceptable to Lrnder;(b)contests in good –
<br /> faith the lien by,or defmds against enforcement of the lien in,legal proceedings which in the Lender's opinion operate to � ��-�
<br /> prevent the enforcement of the lien or forfeiture of any part of the Property;or(c)secures from tho holder of the lien an : �
<br /> �greement satisfictory to L.ender subordinating the lien to this Security lnstrument.lf Lender determines that any part of �
<br /> the Property is subject to a lien which may attain priority over this Secnrity lnstntment, Lender may giv� Batrower a t
<br /> notice identifying the licn.Bonower shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br /> of the giving of notice.
<br /> 3. Harard Insunece. Bonower shall keep the improvements now existing or hereafter erxted on the Property ;
<br /> inswed a�tinst loss by fire.harards included within the term"eatendod coverage"and any other hazards for which Lender = �
<br /> � requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The '
<br /> insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be �
<br /> unreasonably�vithheld. :;� °
<br /> AU insurance policies and renewals shall be acaptable to Lender and shall include a standard mortgage clause. � � ;
<br /> Lender shall have the right to hold the policies and renewals.If Lender requircs,Borrower shall promptly give to Lender �� ,
<br /> all receipts of paid premiums and renewal notices.In the event of loss.Borrower shall give prompt notice to the insurance �
<br /> carrier and Lender.Lender may make proof of loss if not made promptly by Borrower.
<br /> Ualesc Lender and Bonower otherwise agree in writing.insurance proceeds shall be appliod to restoration or repair
<br /> of the Property damsged,if the restoration or repair is xonomically feasible and Lender's security is not tessened. IP the
<br /> reswntion or repair is not economically feasible or Lender's secwity would be lessened.the insurance proceeds shall be
<br /> applitd to the sums secured by this Seturity Instrumtnt, whether or not then due,with any excas paid to Borrower. If
<br /> Borro�ver abandons the Property.or does not ansaer within 30 days a notice from Lender that the insurance carrier has
<br /> o�eted to settle a claim.then Lender may collect the insurance proceeds.Lender may ux the proceeds to repair or restore
<br /> the Property or to pay sums securod by this Security lnstrument,whether or not then due.The 30-day period will begin
<br /> ahrn the notice is giveri.
<br /> Unless Lender and Borrower otherwise agra in writing.any application of proceeds to principal shali not extend or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change Ihe amaunt of'the payments.lf
<br /> under paragraph 19 the Property is acquired by Lender,Borrower's right to any insurance polic�es and proceeds resulting
<br /> _ from damage to the Properly prior to the acquisition shall pass to Lender to the extent of the sums secured by this Securiry �__ _�____
<br /> Instrument immediately prior to the acquisition. .
<br /> 6. Presenation and Mdntes�anee o!Propert�;Leaseholds. Borrower shaU not destroy,damagc or substantially
<br /> change the Property. altow the Ptopeny to deteriorate or commit waste. lf this Sccurity lnstrum=nt is on a leasehold,
<br /> Borrower shaU comply with tht provisions of the lease,and if Bonower acquires fee title to the Property,the leasehold and
<br /> fa title shall not merge unless l.ender agrees to the merger in writing. r
<br /> __ 'f. Proteedoe o! Lender's Rig�ta tn the Property; Mortgage inaunace. If Borrower fa'sis [o perform the . �
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<br /> ` eovenants and agreements contained in this Security Instrument.or there�s a iegal proceeding that may significantly atfect �d
<br /> � Lender's rights in the Property (such as a proceoding in bankruptcy. probate, for condemnat�on or to enforce laws or �
<br /> regulat�ores),then Lender msy do and pay for whatever is necessary to protect the value of the Property and Lender's nghts v,
<br /> � in the Propeny. Lender's aet�ans may include paymg any sums secured by a lien which has prior�ty over th�s Secunty t�
<br /> ��, lnsitument.appeanng in court,pay�ng reasonable attorncys'fees and enteryng on the Property to make repairs.Although • ���
<br /> ---=. L.ender may take acaon under thu paragraph 7.Lender does not have to do so.
<br /> "%• Any amnunts d�sburxd by Lender wider this paragraph 7 shall become addn�nnai deM of Rorrc,uer cecured by this : :, .�
<br /> � • Securuy lns�rument Uniecs H�rrower and l.enciet agree tc+other terms of payment,thece�mc�unts shall hear ir��erest fmm
<br /> i�� tht dait nC d�sbursemtnt a� �he Note rate �+nd Shnll h� pSyUblc. wrth inrere�t. u�n nntu r fmm I ender t<+ F3��rr�+wer
<br /> ��+, requesling payment
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