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<br /> UwiroRtit CovL�t zRtTS. Barro::�er ans�Lendor covensstt a►td agree as fnllotti�s:
<br /> 90--�00433
<br /> 1. ;:j���t of�9�xlp!ar.�lnts�s!; �'e�ys"�!st and 3.sie Cl�srgQS. Borrower shall prrmptly pay �vhcn due
<br /> tha principal af and interest on the debt evidenced by the Nate anci any prepayme:nl und late charges due under the Nate.
<br /> 2. FuAds ior Taxes and lnfurRnee. Sub}ect to applicable law or to a written waiver by�.ender,Borrower rhall pay
<br /> � to Lender on the day monthly payments are due uader the Natc,u�til the Notc is paid in fult,a sum("Fuiids"?equal to
<br /> �nrtwelfth of: (al yearl'y taaes and asussments which may attain priority over this Security Instrument; (b) yeArly
<br /> leasehold payments or g�ound rents on the P,npeny, if any; (c) yearlv hazard insurunce premiums; and (d) yearly
<br /> mortgage insurancc promiums, if any.These items are calted"escrow items." Lender may estimate the Funds due on the
<br /> basis otcurrent data and reasonable estimates os future escrow items.
<br /> The Funds shall be held in an institution the deposits or accounts oi which are insured ar guaranteed by A federal or
<br /> stat�agency(including Lender if I,Gnder is such an institution). Lender shall apply the Funds to pay the escrow items.
<br /> � Lender may not charge for holding and applying the Funds,analyzing thc account or verifying the esccow items, unless
<br /> ; 1.�nder ps�ys Banower int�rest on the Funds and applicable law permits Lender to make such a charge. Horrower and
<br /> � Lender may agree in writing that interest shall be paid on the Funds. Unless an agroement is made or applicable law
<br /> ' ra�uires interest to be paid. Lender shall not be required to pay Borrower any interest or earnings on the Funds. I.ender
<br /> shall give to Borrower,without charge,an annual accounting of the Funds showing credits and debits to the Funds and the
<br /> pwpose for which each debit to the Funds was made.The Funds are pledged 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 fature monthly payments of Funds payablc prior to
<br /> the due dates of the escrow items,shall exceed the amount required to pay the escrow items when due,the excess shall be,
<br /> at Borrower's option,either promptly repaid to Bonower or credited to Borrower on monthly payments of Funds. lf the
<br /> j amount.�Fthe Funds held by Lender is not sufficient to pay the escrow items when due,Borrower shal)pay to Lender any
<br /> amount necessary to make up the deficiency in one or more payments as required by Lender.
<br /> � Upon payment in full of all sums secured by this Security lnstrument, Lender shall promptly refund to Borrower
<br /> ' any Funds held by Lender. If under paragraph 19 tho Property is sold or acquired by Lender,I.ender shall apply.no later
<br /> � than immediately prior to the sale of the Property or its acquisition by Lender,any Funds held by Lender at the time of
<br /> ; application as a credit against the su�ns secured by this Security Instrument.
<br /> 3. Application of P�yments. Unless applicable law provides otherwise,all payments received by Lender under
<br /> paragraphs 1 and 2 shall be applied:first.to late charges due under the Note;second.to prepay ment charges due under the
<br /> � Note;third,ta amaunts payable under paragraph 2;fourth.to interest due;and last,to principal duc.
<br /> � 4. C4�arges;Liens. Borrower shall pay all taxes, assessments,charges, fines and impositions attributable to the
<br /> Property which re�ay attain priority over this Security Instrument, and leasehold payments or ground rents, if any.
<br /> � Borrower shall pa�r these obligations in the manner provided in paragraph 2,or if not paid in that manner,Borrower shall �
<br /> � pay them on time directly to the person owed payment.Borrower shall promptly furnish to Lender all notices of amaunts
<br /> to be paid under this paragraph. If Borrower makes these payments directly, Borrower shal)promptly furnish to Lender
<br /> � receipts evidencing the paymeRts. �
<br /> Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower:(a) ; �
<br /> ' agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good =—
<br /> . faith the;i:n by,or dcfends�gainst cnfoscement af the 2ien in,tegal proce�dings which in the Lesc3er's opinion aperate to �_
<br /> prevent the enforcement of the lien or forfeiture of any part of the Property;or(c)secures from the holder of the lien an -_
<br /> agrcement satisfactory to Lender subordinating the lien to this Security Instrument. If I,ender determincs that any part of . _
<br /> the Property is subject to a lien which may attain priority over this Security Instrument. Lender may give Bonower a �--
<br /> notice identifying the lien.Borrower 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 /> . 5. Hazud Insurance. Borrawer shall keep the improvements now existing or hereafter erected on the Property -
<br /> insured against loss by fire.hazards included within the term"extended 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 /> 1 insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be ;_
<br /> • unreasonably withheld. --
<br /> All insurance policies and rencwals shall be acecptable to L.ender and shall include a standard mongage clause. *—
<br /> 4 Lender shall have the right to hold the policies and renewals. If Lender reqnires,Borrower shall promptly give to 1.ender �
<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 toss if not made promptly by Borrower. _
<br /> � Unless Lender and Borrower otherwise agree in writing,insurance proceeds shall be applied to restoration or repsir � —`
<br /> ; of'the Property damaged,if the restoration or repair is economically feasible and Lender's security is not lessened. If the ,�.
<br /> restoration or repair is not economically feasible or I.ender's security would be lessened,the insurance proceeds shall be _
<br /> � applied to the sums�ecured by this Security Instrument, whether or not then due, with any excess paid to Borrower. lf �
<br /> � Borrower abandons the Properiy,or does not answer within 30 days a notice from Lender that the insurance carrier has
<br /> 3 offered to settle a elaim,then Lender may coll�ci the insurance proceeds. Lender may use the proceeds to repair or restore
<br /> the Propeny or to pay sums secured by this Security Instrument.whether or not then due.The 30-day period will begin
<br /> when the notice is given.
<br /> i Unless Lender and Borrower utherwise agree in writing,any application of proceeds to principal shall not extend or
<br />' . postpone the due date of the monthly payments refened to in paragraphs 1 and 2 or change the amount ot the payments.If
<br /> under paragraph 19 the Property is acquired by Lender,Borrower's right to any insurance policies and proceeds resulting
<br /> from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security
<br /> Instrument immediately prior to the acquisition.
<br /> ' 6. Preservation and Maietenance of Property;Leaseholds. Borrower shall not destroy.damage or substantially
<br /> change the Property, allow the Property to deteriorate or commit waste. If this Security lnstrument is on a leasehold.
<br /> Borrower shall comply with the provisions of the lease,and if Borrower acqaires fee title to the Property.the leasehold and ___ _ - _
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<br /> fee title shall not merge unless Lender agrees to the merger in writing.
<br /> 7. Protectlon of Lender's Rigl�ts in the Property; Mortgage Insurance. If Borrower fails to perform the �
<br /> eovenants and agreements eantained in inis Securi[y instrumem.or there is a icgai pivccruing iiiai niay aignii�caniiy�c�� '•
<br /> I.ender's rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws or
<br /> regulations),ihen 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 inc3ude paying any sums secured by a lien which has priority over this Security
<br /> L Instrument,appearing in court,paying reasonable attorneys'fees and entering on the Property to make repairti.Although !1�
<br /> l.ender may take action under this paragraph 7.Lender does not have to�o so.
<br /> An��amounts dishursec!hy I.ender undet Ihis paragraph 7 tihall hec��me additi�nal debt�f R��rmwer tiecured by this �
<br /> Security Instrument. Unless Borrower and Lender agree to other terms af payment,these amnunts sh�ll bcar intcrcwt from �.
<br /> the date af ditiburscment at !he Note rate and �haU be payable, with intcrest, u�+un n��ticc from I.cnder t�� Horr��wrr �
<br /> requesting payment.
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