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<br /> UNIFORM COVENANTS Horrower and Lnndor cuvenant and agree as follows: yv�����,,�,
<br /> � 1. Payment of Pri�cipal and Interesh Prepayment iutd Lste Charges. Bonowcr shall promptly pay when due
<br /> thr principai of and interest on t�e debt evidenced by the Note and any prepayment and tate charges duc undcr thc Nott.
<br /> 2. Funds for Tua�nd I�wuntnce. Subject to applicable law or to a written waiver by Lender,Horrower chall pay
<br /> t�I.:nd,:r�n tlie�ay nonthty�y„znuta,�ic Juc uudrr thr Noin,uniil fltr Nuin i�pai�i ij�fuli.a swn("Fun�")cyuul tn
<br /> - one-twelfth of: (a�yearly taxes and assessments which may attain priority over this Security Instrument; (b) yesrly
<br /> laaseheld payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br /> mortgage insurpnce premiums,if any.These items are called"escrow items." Lender may estimate the Funds due on ihe
<br /> bssis of cunent dau and reasonable atimates of ti�ture escrow items.
<br /> The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br /> sute sgency(including I.ender if Lender is such an institution). Lendcr shall apply the Funds to pay the escrow items.
<br /> Lerder may not chsrge for hotding and applying the Funds,analyzing the account or verifying the escrow items, unless
<br /> Lender pays Borrower interest on the Funds snd applicable law permits Lender to make such a charge. Borrawer and
<br /> Lender msy agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicabie law
<br /> requires interest to be paid,Lender shall not be required to pay Borrower any interest or earnings on the Funds.Lender
<br /> shall give to Borrower,without charge,an ann�l accounting of the Funds showing credits and debits to the Funds and the
<br /> pur;�ose for which each debit to the Funds was made.The Funds are plcdged as additional security for the sums secured by
<br /> this Security Instrument.
<br /> , If the amount of the Funds held by Lender,together with the future monthly payments of Funds payable prior to
<br /> the due dates of the escrow items,shall eacad the amonnt required to pay the escrow items when due,the excess shall be,
<br /> at Borrower's option,�ither promptly repaid to Horrower or credited to Barrower on monthly payments of Funds. lf the
<br /> unount of the Funds held by Lender is not sutficient to pay the escrow items when due,Horrower shall pay to Lender any
<br /> amount necessary to make up the deRciency in one or more payments as required by I.ender.
<br /> Upon payment in full of all sums secwed by this Security Instrument, Lender shall promptly refund to Borrower
<br /> any Funds held by Lender.If under paragraph 19 the Property is sold or acquired by Lender.Lende�shall apply,no later
<br /> than imsnediately prior to the sale of'the Property or its acquisitivn by Lender,any Funds held by Lender at the time of
<br /> application u a credit against the sums secured by this Security lnstrument.
<br /> 3. ADplieadon of Paymenb. Unless applicable law provides otherwise.all payments received by Lender under
<br /> puagraphs 1 and 2 shall be applied:first.to late chargeS due under the Note;second,to prepayment chargcs due under the
<br /> Notr,third,to unounts payable under paragraph 2;fourth,to intcrest due;and last,to principal due.
<br /> 4• Gtiarge�Lie�u. Borrower shall psy all taxes.assessments,charges,fines and impositions attributable to the �
<br /> Property ahich may attain priority.over this Security Instrument, and leasehold paymenu or ground rents, if any. �
<br /> Horrower shall pay these obligations ia the manner provided in paragraph 2,or if not paid in that manner.Borrower shall
<br /> _ paS►thetn oa time dirmtly to ihe aersnn�werl nr►vmn.��.Rr,��4,sr�.t,A..0�*^s�F�e;Fsis:si:!::a�.w.^�as a!::o:i.:,�c:':r.:aLr,� . -
<br /> to be paid nnder this parsgraph.If Borrower makes these payments directly,Horrower shall promptly furnish to Lender =
<br /> raxipts evideacing the paymcnts. .
<br /> Bomower shall promptly discharge any lien which has priority over this Security lnstrument unless BorroMer:(a) =
<br /> agroe.s in wriring to the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good -
<br /> faith the lien by,or defends against enfvrcement of the lien in,legal proceedings which in the Lrnder's opinion operate to �-
<br /> prevent the enforc�ment of the lien or forfeiture of any part of the Property;or,(c)secures from the holder of the lien an
<br /> a�+atnent satisfactory to I.ender subordinating the lien to this Secnrity Instrument.If Lender determines that any part of !
<br /> tbe Property is subject to a Gen which may attain priority over this Security Instrument. Lender may give Batrower a
<br /> notice idrnrifying the lien.Horrower shall satisfy the lien or take one or more of the acrions set forth above within 10 days
<br /> of the giving of notia.
<br /> � S. Harard Iasuraece. Borrower shall kap the improvements now existing or hereafter erectal on the Property �
<br /> insured sgainst loss by fire.hazards included within the term"extended coverage"and any other hazards far which Lender �
<br /> requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. 'I'he � ��
<br /> insurance csrrier pmviding the inswance shall be chosen by Borrower subject to I.ender's approval which shall not be �`�
<br /> unrasonably withheld :�
<br /> All inswxna policies and renewals shall be acceptable to Lender and shall inclnde a standard mortgage clause.
<br /> Lender shall have the right to hold the policies and reneaals.If Lender requires,Borrower shall promptly give to Lender
<br /> all receipts of paid ptemiums and renewal notices.In the event of'loss,Borrower shall give prompi notice to the insurance �
<br /> carrier and Lender.Lencier may make praof of loss if not made promptly by Borrower.
<br /> Untess Lender and Borrower otherwise agree in writing,insurance proceeds shall be applied to restoration or repair
<br /> of the Property damaged,if the restoration or repair is ecanomicalIy feasible and Lender's security is not lessened.If the
<br /> ratoration or repair is not eeonomically feasible or Lender's security would be leasened.the insurance proceeds shall be
<br /> applied to the sums secured by this Security Instrument,whether or not then due,with any excess paid ta Bonower. If
<br /> Barcower abandons the Property,or does not answer witlun 30 days a notice from Lender that the insarance cas�er has
<br /> offered to settle a claim.then Lender may collect the insurance proceeds.Lender may use the proceeds to repair or restore
<br /> the Property or to pay sums secured by this 5ecurity Instrument,whether or not then due.The 30-day period will begin
<br /> ahen the notice is given.
<br />' Unkss Lender and Borrower otherwise agra in writing,any application of proceeds to principa!shall not extend or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments.If
<br /> under paragraph 19 the Property is acquired by Ltnder,Borrower's right to any insurance policies and proceeds resulting
<br /> from dunage to the Property prior to the acqnisition shall pass to Lender to the extent of the sums secured by this Security
<br /> Instrument immediately prior to the acquisition. �__-_—
<br />. 6. Preservation�ed Mdntenance o!Properf�;Leaseholds. Bonower shap not destroy,damage or substantially �
<br /> change the Property, allow the Property tv deteriorate or commit waste. If this Security Instrument is on a leasehold, i
<br /> Borrower sha11 comply with the provisions otthe lease,and if Borrower acquira fee!itle to the Property,the leasehold and
<br /> , fa title shall not merAe unless Lender a_e,ras to the merger in writing. �
<br /> 7. Protecttoe of Lender's Rig6ts in the Property; Mortgage Insunnce. If Borrower fails Yo perform the
<br /> covmants and agreements contained in this Security lnstrument.or there is a legal proceeding that may significantly affect ' 91
<br /> � Lender's rights in the Property (such as a proceeding in 6ankruptcy, probate. for condemnation or to eeforce laws or �
<br /> regulations),then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights
<br /> in the Propeny. Lender's actions may include paying any sums secured by a lien which has priority over this Security `r
<br /> Instrument,appearing�n court,paying reasonable attorneys'fces and entering on the Property to make repa�rs.Although �
<br />_ Lender may take action undcr this para�raph 7,Lender dces j�ot have ta do so. ft#
<br /> Any amounts disbursed by L.ender under this paragraph 7 shali become add�cional debt of Borrower secured by this r-' �'�
<br /> . Security lnstrument.Uniess Borrowet and Lender agree to other terms of payment,these amountti shall bear interest from �`
<br />- the date of disbursement at the Note rate and shall be payable, w�th �nterest, upon not�cc fmm Lender m Rarrower
<br /> requestirsg payment.
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