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<br /> UNIFORM COVENA{�iTS. 8orrower and Lender covenant and agree a�foi!ows: .
<br /> � 1. PsymentotPrincipalandlntere�t;Proa�ymentandLateCha�gas. Horrowarshailprompt(y¢3}w�enduethe �
<br /> principal of and interest on the debt evidenced by the fVote and any prepaymsnt and taiQ charges due under the Note_
<br /> ` 2. FundstorT�:essedinsunace. Subjecttoappiicabteiawortoawrittenwair•erbyLender.Borrowershalipay
<br /> ' to l.ender on the day monthty payments are due under the Note,unti!tha No2e is pa�G�n!ut';a Sum("Funds")equal to
<br /> ar�:r=sttth of: (a)yearty taxes and assessments whict� may aitain priority ovar ti�i^: Se�urity Instrument: (b) y8arty
<br /> t_��'d p3yn2snis or gr�qund rents on the Rroperiy, it any; (c) yearly haiard in&ur8�ce premiums;and �d} year;y
<br /> rr*.�.':�a�insarance prem'tum.s,if any.These items are ca1L�d"escrow Rtems".Lender.mGy estimate the FuRds due on tF�e
<br /> __�. $�+•w L`curre+x2 tf4!a and��qnabte estimatez of future escrow iteen�.
<br /> • The Fundss'.��!f be Ns'3 in an insiitutc4n the deposits ora�Lnu�tsof w:�i�fl are i nsured o�g�aranteed by-a fedsr�f ar
<br /> '°� � state agency(inc�uding Lender if Lertdes�s��oh an�na4itution).Le^��er shal�apply the Fun�sia}Tay tS�e�scrow i2ezrr.
<br /> , Lender may no4 charge for hafding and aa�'y+�g the�e�c[ds.a�ratyzi ng!h�a�.'.3°.1?'�+Df V$TC€ying t'r.e escr��r�i;ems,uretess '
<br /> ;, • � Le�der pays Bonower interest on the F�rtw�and 2pu:.�:sat3'g iar�.�ermits i.en��r tc r�ake s4ch a cha:�s,G�r*ower artd '
<br /> Lender may agree in writing that inter�s`r'3atf be p���*tF��ur�ds.Untess 3it.�gr2�me:c*is made isi�ppticabte(aw �f�>�.•�
<br /> - requires interest to be paid.Lender shait n�Y he requireR._o��:•:u�suwer any irtterest or earriings dn t#-s�unds.�.ender � •
<br /> shalt giveto 8orrower,withautcharge.anannua!accoc:�ityi��uf��e���nds shcur+ng�c�edits and debitstfl2'r..���undsandthe �
<br /> ` purpos�for whiCt�each deb:2,ta�he l�unds was�ade;Tti?�unds are�tedg�3 as:�d�+tional security fart�e�sums secured :;�.�:;� ,
<br /> by the Security tnstrur�ent. � • - �
<br /> . If the amo�ic�tof the Funds hetd by l.ender,to�ether with the r�".re rnc�t"r.ty paymer.��`f�ands payaC,�rrr��t�#;'?� :
<br /> due dates of th�c�,:row items.shatEex.c°��the amount required:��ay the eserow items w.tien Cue,the excess shait oe:;�t �
<br /> ; .� Borrower s op:ic°:.eiiF�er promptly repF:� :�Borrower or cre�`te�tcr Bcr���ver on mont:�f,r payments of Funds. F;R`se
<br /> arne��ntoftheFundsheldby!enderisnotsufficientt�.Fa�thessvres+,vitems+:�'-:artd�e,Borrawershali�a�teLertderany
<br /> , arn�r:tr.�^��e��?r�F to mak.�,:i�u'hE defiCiertcy in or�a•���-.cre�ay�nents as re��:irad by Lender. �`"' `"��``"'
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<br /> — ��i{��f�s.�t,,,,�zEinfulY��f��4isums�ec�:�zdbyt`:s��c,�r�tytnstr�ment.Le^�C2rshallpromptlyrefund't��3orrawerany .• ':,,.` ' '-:-.
<br /> Fu�a�.'.;��f�4��:���3er.It underparagra�h-'�t�e��c��r�r�sset�ar:�cqui�ed b7�}ender.Lendershat!ap�'u;no iate�.�^;�n • �
<br /> : �r�.�^,�y'�':�I$lgt�tl�f t0 t112 S3iB Qf thE F'tL'�i'tiY�y c*t�s acGuis�tie- �y i.ert0er.�;-y.Funds hetd 6y LenCer at:E�s�;raa r`
<br /> -�, � a�5,:1;C�:ion as a credii 3g�ia�t?+`.a sur;:s se�ured by t�is Sscur;rij trtstrumer.�.. .. � ;
<br /> � • :'#: Appiizatio».�t1�a��*nFC�ts. 4.9n►ess appticaCie ia�v p�cv:C2s o!herw�s�,a�i payme�ts recewed by Lender•u:�s�r �."<-:��;:
<br /> p�r�wga�h�13n3 2��att be applied:first,Fo late charges due uncter i�?�Note:second,t��s�epayment charges due"u,-�ar �'.'��;
<br /> th�f�lat�,thi�d.ta arlaunts payable under paragraph 2:fourth,to in^erest due:and last.4o p�+ncipal due.
<br /> . 4. Chsrges;Liens. 8orrower shall pay all taxes,assessments.charges.fines and impositions attributabte to the
<br /> Prop.ny which may attain pnority over this Security fnstrument, and leasehold payments or ground rents, if any. ; -;;
<br /> � 8orrower shall pay these obligations m the manner provided in paragraph 2,or rf not paid in that manner,Borrower ShaU �.:,__.;�
<br /> paythemontimedirectlytothepersonowedpayment Borrowershallpromptlyfurn�shtoLenqaraltnoticesofamountsto __ _
<br /> • be paid urtder this paragraph.If Borrower makes these payments directly,Eorrower shaU promptly furnish to Lender �°
<br /> receipts evidencing the payments fi��-
<br /> • Borrower shall pror�ptly disCharge any lien which has priority over this Secunty 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
<br /> good faith the lien by,or defends against entorcement ot the lien in,legal proceedings which in the Lender's opinion
<br /> operate to prevent the enfarcement af thet�en or forteiture ol any part of ihe Property,or(c)secures from the holder of the �
<br /> lien an agreement satisfactory to Lender subordinAUng th�tian to this Security Instrument.It Lender determinesthat any =
<br /> part o1 the Property issubject to a lien which may attain pnordy over thisSecurity Instrument.Lende�maygive Borrowara
<br /> notico identifying the tien.8orrnwer shall satisly Ihe lien or take one or more of the actionsset fqrth above within 10 days of �
<br /> the giving of notice.
<br /> ' S. Hazard f;taurorece. Bor�awer sha11 keep the�mprovements now existing or hereafter erected on the Property
<br /> insured against t3ss by fsre. hazards included within the term"extended coverage"and any other hazards for which
<br /> � Lender requires insuranCe This insu�ance shall be m�intained in the amounts and tor the periods that Lender requires. �
<br /> ' The insurance carrier prov:r�a reg the insurance shall be chosen b�r Borrower sub;��4 to Lender's approvai vrn�ch shall not be
<br /> u^r8asonably withheld. ��-
<br /> AI�insurance poliCies and renewals shall be acceptable to Lender and s`+a1� cnc�ude a standard mortgage c?ause.
<br /> � Lendershallhavethe�ighttoholdthepohciesandrenewats.lflenderrequ�res.8orrowErsna!IpromptlygivetoLenderall � �`°
<br /> __ rece�Qta of paid premiums and renewal noticos tn the event ot loss,Florrower snaU give;�rompt notice'�the insuranco
<br /> can*:nr and Lend�r.Lender may make proof of loss if not made promptly by 6orrower. . ..
<br /> ' UnlessLender and Dorrower otherwisoagree in writing,insurance proceedsshall be applied to restoration or repair
<br /> of the Property damagad,it the restaralion or repair is econom�calty feasible and Lender s security is not lessened if tho
<br /> restoration or repair is not economicallyteasible or Lender's secur�R�y wuutd be lessened,the insurance proceedS Shal1 be
<br /> _ applied to the sums secured by this Security Instrument, wfiether or not then due. with any excess paid to Borrower. If
<br /> - Borrower abandons the Property,or doos not answer within 30 days a not�ce from Lender that the insurance carrier has
<br /> � oftered to settte a claim,fhon Lender may collect the insurance proceeds.Lender may use the proceeds to repai r or►estore
<br /> the Property ar to pay sums secured by this Security Ins4rumenl,whether or not then due.The 30-day penod will begin
<br /> when the notice is given.
<br /> � Unlesslender and 8orrower otherwiseayree in writing,anyapplication o}pruceeds to pnncipal shallnotoxtend or
<br /> postponethedue date of the monthly payments referr�dto in paragraphs t and 2 or change theamount of the payments.N
<br /> _.� , u��erparagrephl9thaPropertyisacquuedbyLenC�s.Scrrower'srighttoany�nsurancepoliciesan�lproceedsresulting
<br /> . Iramdamageto theProperty pnor to Iheacqwsition sr.:°F;�ass"o��ender ta the extent of 2h�sums secured bythisSeCUrity
<br /> � Instrument immed�ately pnor to Ihe acquisit�on. •-,__—`�--
<br /> 6. Ptese�ntian and IN�intenance ot Property:Leaseholds. 8orrowe!S""a�� r�?C�;•-cy.or d2^�age or substan- '
<br /> r.��:ychangethePraperty.�NOwlhePropertytodete�:�r�teorcomrn�twaste�"t°��"v���,:�°y�r,s*.ruma-r.•sonaleasehofd, • _
<br /> �,rrowershallcomptyv��st�t�'►oprovisidnsoflhetea�:.;�ndifBorroweracq�}re•�(�_.':'y'.•'-ePropert; c���le�seholdand � '
<br /> � . _ °�e tdt�shatl not merae�;i�ss lender agrees to the m9rger in writing. : 1 _
<br /> 7. ProteetionofLender'�iiightstnlheProperty;Motfgsgetnsursece. �fBor�cwcc•:ailstoperformthecovenants
<br /> anA agreomenlsconlainedinthisSecurity fnstrument,or there isa lagal proceedmg that may sic�nihcantfy z!fect Lender's
<br /> �� r�ghts in the Property(such asa proceeding in bank�uptcy.Probate.for Gondemnat�on or to enforcefawsor fegulat��ns).
<br /> _,_, thon Len6er rriay do and p�y for wtr�tever is neCessary td protect tho vale�o bf th�1'roperty and Lender's r�c�hts m the �
<br /> Property. lpndtrt's aCtiOns m�y �ncludo pay�ng any surr�: secured by � hen vrhiCh h�s pnot�ty over this Security
<br /> tnstrument,app�annt�incourt.payingreasonableattorneys'fe�sandeMarmgonlh�Propoitytnmaker�pa�rs Although "
<br /> • • L9nddr m�y take ett�dt►undl��Ihis pa�ayr��h 7,LendE.�r doos not h�ve tn do sa �
<br /> Anyamuuntsdisbursed�ylende►underth�spEtr�tgr�tph75h��tlhtCUtnC��(Idit�cih�'�tdt�btolBorr(5tvp►Sp�tnE��byttYrS �' �.
<br /> � 5etuttly Ite5lture�E`�t tJnIF55 fiur�Uw�r 2nt1 tender ag��et�other t�r msoi p�yment.ihese arr�ow�ts shall be���u�tereSt I�vrn �'" `•
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