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<br /> UNIFf)Rti1CO�'ENANTti �iorrowerundLenderccn�nantandaF�erasfallo�ti�,: ��� �"V���
<br /> 1. P�yment of Principal and Interest; Prepayrnent and i.ute Chu�Res. Aor��«�rr tihall promptl�� p����rhen dur
<br /> thP�+rinri�+:�l��f and intere���n thF�i�ht r.•icienced M•th�N�te and am•prcpa��ment and late rharFrs due under thc Notc.
<br /> 2. Funds for Taxes and lnsurance. Suhject to applicablc la�t�nr ta a��rrtten��ai��r h�•Lrnder.Borro�ver shall psy
<br /> � to Lender an the day maathly pay�ments are due under the Nate,unt�) the Note is paid in Pull.a sum("Funds")equal tt�
<br /> one-twelfth of: (a) }•early taxcs and a�.sessments whirh may attain priority� u�cr thi� Securiq• ]nstrument; (b) y�earl��
<br /> te�ssehold pa}�ments or graund rents on the Yroperty-, if an}; (c� }�c�rl}• h�izarci i�isiiran�c premiums: and (d) }•earl}�
<br /> martgage insurance premiums,iPany�. Thrse items are caUed"escrow��tems." Lender may est�mate the Funds due on the
<br /> basis of current data and reasonable estimates oi'Puture escrow items.
<br /> The Funds�hal)be held in an instituti�n the deposisc or acc�unt�of a�hich�re insured or guara�teed by a federal c►r
<br /> state a�ency(including Lender if Lender is such an institution). Lender shall Apply the Funds ta pay the escroav items.
<br /> I.ender may not charge for halding and applying the Funds,analyzing the aceount or verifying the escrow items,unless
<br /> Lender pays Borrower interest�n the Funds and applicable law permits Lender to make such a charge. Borrower and
<br /> I.ender may agree in writing that interest shall be paid on the Funds. Unless an agreement is made ar applicable lAw
<br /> reyuires interest to be paid, Lender shall no1 be required to pay Borrower any interest or earnings on the Funds. Lender
<br /> shall give to Borrower,without charge,an annual accounting osthe Funds showing credits and debits to the Funds and the
<br /> purpose for which each debit to the Funds�vas made.The Funds are pledged as additional�ecurity for the sums secured by
<br /> this Security Instrument.
<br /> lf the amount af 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 exceed the amount required to pay the escrow•items�vhen due,the excess shall be.
<br /> at Borrower's option,either promptly repaid to Bonower or credited to Borrower on monthly payments of Funds. If the
<br /> amount of the Funds held by Leader is not sufficient to pay the escrow items�vhen due,Horrower shall 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 Instrument, Lender shall promptly refund to Horro��er
<br /> any Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender,Lender 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 sums secured by this Security Instrument.
<br /> 3. Application of Payments. Unless applicable law p*ovides otherwise. all payn�ents received by Lender under
<br /> paragraphs 1 and 2 shall be applied:first.to late charges due under the I�Iote;second,to prepayment cl�argc�dur unaer thr
<br /> Note;third.to amounts payable under paragraph 2;fourth,to interest due;and last.to principal due.
<br /> 4. ChArges;Liens. Borrower shall pay all taxes, assessments.charges,fines and impositions attributable to the
<br /> Property which may attain privrity.uver this Secarity Instrument, and leasehold payments or gr�und rents, if any.
<br /> Borrower shall pay these obligations in the manner provided in paragraph 2.or if not paid in that manner,Borro�cer shall
<br /> pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br /> to be paid under this paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish to Lender
<br /> receipts evidencing the payments. �
<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;(h)c�ntests in gcxxi
<br />. faith the lien by.or defends 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 the holder of the lien an
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<br /> the Property is subject to a lien which may attain priority over this Security Instrument. Lender may give Borrower a
<br /> notice identifying the lien. Bonower shall satisfy the lien or tak�one or more of the actions set forth above within 10 days
<br /> of the giving of notice.
<br /> 5. Hazard Insuranee. Borrower 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 /> insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approva! which shall not be
<br /> unreasonably withheld. .
<br /> AU insurance policies and renewals cha11 be acceptable to Lender and shall include a standard mortgage clause. ' .
<br /> Lender shall have the right to hold the policies and renewals. If Lender requires,Horrower shall promptly give to Lender •.,
<br /> all receipts ot paid premiums and renewal notices. In the event of'loss, Borrower shall give prompt notice to the insurance
<br /> carrier and Lender.I..ender may make proof of loss if not made promptly by Borruwer. °''
<br /> Unless Lender and Borrower otherv�ise agree in writing,insurance proceeds shall be applied to restoration or repair -�
<br /> of the Property damaged,iPthe restoration or repair is economically feasible and Lender's security is not lessened. If the
<br /> restoration or repair is not economically feasible or Lender e security would be tessened, the insurance proceeds shall be
<br /> applied to the sums secured by this Security Instrument,whether or not then due, with any excess paid to Borrower. If
<br /> Bonower abandons the Property,or dces not answer within 30 days a notice from Lendes that the insurance carrier 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 Security Instrument,whether or not then due.The 30-day period will begin
<br /> when the notice is given.
<br /> Unless Lender and$orrower otherwise agree in writing.any application o1'pruceeds to principal shall not extend or
<br /> postpane the due date of the monthly payments referred to in para�raphs ]and 2 or change the amount of the paymcnts.If
<br /> under paragraph 19 the Property is acquired by Lender,B�nower 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 Maintenance of Property;Leaseholds. Borrou•er shall not destroy,damage or substantially
<br /> change the Property, aliow the Property ta deteriorate ar commit waste. If this Security Instrument is on a leasehold,
<br /> Borrower shall comply with the provisions of the lease,and if Borrower acquires fee title to the Property,the leasehold and .----__ --
<br /> fee title shall not merge unless Lender agrees to the merger in writing. �
<br /> 7. Protection of Lender's Rights in the Property; Mortgage lnsurance. lf $orrower fails to perf'orm the
<br /> covenants and agreements contained in this Security Instrument.or there�s a legal proceeding that may significantly affect
<br /> i.ender's rights in the Property (such as a proceeding in bankruptcy. probate. fnr condemnation or to enforce law� or
<br />: regutationsj,then Lender may do anci pay for wnatever is necessary t�protert the vaiur ui ii�r Froprriy:�nd Lender's rights -
<br /> in the Property. Le�nder's aetians may ineludr paying any sums secured by a lien which has priority over this Security �yt
<br /> L Instrument,appearing in court,paying reasonable attotneys'fees and rntering on the Property to make repnirs. Although •
<br /> Lender may take action under this paragraph 7, Lender does not have to do so. �'
<br /> Any amounts disbursed by Lender under thiti paragraph 7�hall becnme additional debt nf Br>rrow�er�ecured by t his �
<br /> Security Instrument.t)nless Borrower and lxnder agree t��ther terms c�f payment.these amounl�tihall hear mterect frc�m �~
<br /> the date uf di�hur�ement at the Note rtite �mc� lhall he payable, with imrre�L upe�n nc�ticr frt�tn Lendcr ti� l3nrrnwrr �
<br /> reyue�t�ng payment. - �-:.�
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