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<br /> � UNIFOttM COVEAtANTS. BO�lOwCt 3did II.ettder COVellatit uid agfee i�s f011OWS:
<br /> � i, Paymeat of Princi�!asd IaEt�Prep�ymtnt�ad I:ats t�srges. Boarower shall promptiy Fay whea due
<br /> the prin�ipal tif and interest oa the d�6E�vid�nccd by the Note and any prepaytnen t and tate charges due unda thr Note.
<br /> � 2. F�adt for Tauss aad Iatut�ece. Su�jett esxs�plicable law or to a written waivtr b�Ixnder,Borrower shall pay
<br /> to Lender on the day moat�y pa�ymen�ar�du�urjafpe t�ie Note,until the t�ote is paid in fult,a sam(.`Funds")r.qssa!to
<br /> oM-ta�dRh of (a�yeuiy taxss and �sSS�ment9 a+hich mag attain priorit�+o�u Ehis Security Instrameni: (b) yeaziy
<br /> tasehold paymmts or gro��ren�:s aa the Rse�rty.if any; (c) yarty hazard insurance premiums; and (d) yr�rly
<br /> mortgage insurana premaums,if any.?hese itz�are culkd"escrow items."Lsnder may atimate the Funds due on the
<br /> . basis of current dats and ra�sonable at+mates of fi,:turr escrow items.
<br /> The Funds shall be heit�irt a�irstitu�oa che depvsits or accoants of ahich aze inswed or guarantad by a foderal or
<br /> � statc agsacy(inclvding Lender if Lertder is such ari institusi:.n). I.�nder shall apply the Funds to pay th�escraw items.
<br /> I.end�r miy not rharge fo�Ixalding and�agplyi�g the Funds,analyzing the account or vaifying the escrow item$�nniess
<br /> - Lender pays Borrower inttrest on the Fur.cis an�s�lacable Iaw permits Lender to make such a charge. Barr�aw�az�
<br /> Lendrt may agr�e in writing tbat inurest�h�ba pt�id a�the Funds. Unless an agreement is made or applicable laRr
<br /> ta}u'u�interest to be paid,Lender shall��be r�.si_�ed to pay Horrower aay interest ur�amings on the Fuads.I.ender ,
<br /> ahall give tm Bormwer,without cE�sge,ara ssr�ntua!accounting of the Funds showing credits and debits to the Funds and the
<br /> purpose far ahich each debit to the Fuecdv was�c.The Funds are plcdged as additional security for the sums�ecured by
<br /> this Security Instrutneni.
<br /> If the amouat o�Sha Fu�s hetd by�.ender,ttogether with the future�tonthly psymrnu of Funds payable�rior to
<br /> the due dstes of the escmTr itt�ns,shall excxd the amoun!required to pay tr.e escrow items whrn due,the ea�ctss�3.i be.
<br /> � at Bornnxrer's aption.eithu pio�pt3y repaid to Borrowsr or crodited to Borrower on monthly paymenu of Furr�s.Ff the
<br /> ama�t of t6e Funds held by Ler►der is not su�icient to pay tkc escrow items when due,Borrower shall pay to F�ad�any
<br /> amaunt nece.ssary ta malce u�the dtficiency in ont or more payments as rcquired by I.ender.
<br /> - tTpon payment i�SctI of alt sums securocl hy thzs Secutuy In�uument.Lendu sbal!promptty refund to Borrower
<br /> sny Funds held by Lender.If�du paragraph t9 t�e Properry is sold or acquired by Lender,Lender st,all apply,no later
<br /> thau immediately prior to the sale o�thc Psoperty or its acquisition by Lender,any Funds hetd by Lender at the ame of .
<br /> _� applicatian as a cratit agairnst Hhe susw gtcured by this S=curity Instrument.
<br /> 3. A�li�atMs ot Psyneatt. UAtess ap�sticable taw provides oiherevise,all pay�arc�nts reczived by Lender under .
<br /> puagraphs 1 and 2 shal�be applicd:fitst,to late clsar��due nnda the Note;�ocond.to prcpayment chnsges due under the .
<br /> Not�third,ro amounts payzb�e under puagraph 2;fR�rth,to interest due;aarf last,to pr�ncipal due. '�;�".���
<br /> 4. �,�Lieas. Borrower shill pay a]I ta�ces, assessynents,charges,fines and impositions attributahle to the :.,
<br /> Property whiich may etttim priority.over this Ses�uaity I�strument, and leasehold paymenu or ground rent3; if atty. , . •�
<br /> Berro�rer s�alf pay these obligstions in the manner gsovided in paragraph l,mr if not paid in that manner,Bor�owFx�halt ,. .
<br /> p�y them on time di•tctly w the person owod paynucnt.Borrower shall pnomptly furnish to Lender all notices of amount3 i:';'�f.
<br /> to be paid under thin par�grap�. If Borrower makes these payments dirxtly,Bonower shall promptiy furnish to LEmder :;:?:���
<br /> recaptsevidencingthcpayments. � ` .
<br /> Borrowu shall promptly d's�ehnrge any litn which hu paority over this Security Instrument unless Borrower:(a� __
<br /> agYa3 in w;�t;flg t�t�e�Say�ment of tt•e��btig�tion securad by the lien in a mu�ner acceptable to Lender,(b)�ontests in good �`�::
<br /> ' faith the lien by,or defeads against enfcrcement of the lirn in,legal procoedings which in the I.ender's opinion operate ta ',;-_``"
<br /> prevrnt the enforcet�ant af the lien or forfeiture of any part of the Property; or(c)secures from thu holder of tha lien nn :�":�=�:
<br /> agramenE r�atigfactory to 1.ender subordinating the lien to this Security lnstrument.If I.ender deterrnines that tany aart af� � �"°
<br /> - the Property is subjecc to a lien which may attain priority over this Sscurity lnstrument, Lender may give Borcoa�u a
<br /> aotice identl'ying the lien.Bonower shall satisfy the lien or take one or more of the actions set forth abov�witi�imt�days , ;
<br /> af the giving o�`natice. �
<br /> � S. Hatard YNarrace. Honower shall ker�the improvements naw eaisting or hereafter eruted on the Property �.; ,
<br /> insurtd against loss by fire.hazards inc4udcd with�+.�the term"zatendod coverage"and any other hazards for which Ltnder �:.;�
<br /> requints in,urance. This insunnce sh�ttl b�e maintained in the amounts and for the periods that Lender requires. The ���; �
<br /> , insurance carrier providing the insuraure shall be chosen by Borrower subject to Lender's a�proval which shali nut be �,
<br /> un�ascmabty withhetd.
<br /> A11 insunnce poliues and renowals shalt be acceptable to 1.ender a�td shall include a stanrfurd mortgage clause. ;i;;''�
<br /> L�,mdvt shall hsve the right to hotd the policies actd rtnewals.I�Lender requires,$orrower shall proin�tly give to Lender !:''�:
<br /> - � all rtutipts of paid premiums and renewal notices.ln the event of loss,Horrower shall give prompt nntice to the insuraace , �
<br /> � cattier and I.�a��ter.Lender may malce proof of{oss if not madc promptly by Borrower.
<br /> � ilnlc�:L.c:zder aad Borrowtr otherwise agree in writing.inaurance praceeds shal l be applied ta r�tr�ratian or repair - -
<br /> ot thc Propect��tns,�g�.if'the restorasion or repair is oconom:cally feasibic ssnd Lender's security is nut iessened. li the
<br /> ratcr.raaian ar,rc4sa�r is nu�economically fcasible or Lender'a security woald be lessened.the insur�nr,e proceeds shaU be
<br /> - � appjaed to thr.sums socared by ehi9 Security lnsirumant,whether or not th�n due,with any exccss paid to Borrowet. If
<br /> Bortoatr�bendons the Property,ot does not answer within 30 alays a notice from l.endec that the insurance carrier has
<br /> � � u1�'ered to settle a claim.then Lender may col2ect the insurance proceeds.Lender may use tl�e proceeds to repair or ratore
<br /> the PropeAy or to pay sums secured by this Security instrument,whether or not then due.Tht 30�day period will begin •
<br /> whrn the aotise is givm.
<br /> Untess Ltttdcr and Borrowcr othenvise agree in ariting.s+ny application uf proceeds to principal shall not extend or 4
<br /> postpone tt�e due date oPthe monthly psyments refened to in parigaphs f and 2 or ch�nge the amount of the payments.If
<br /> � under paragrapb 19 the Property is acquirrd by I.ender.Borrawer's right to any insurance policies and proceeds resulting
<br /> � from damaae to the Property prior to the acquisition shall pass ta Lender to the extent of the sums stcured by this Security '__ ____
<br /> Instrument immed'utely prior t�the acquisitcon.
<br /> , 6. Pre�erratioe�nd M�intee�nce otPropert�;Leascholds. Borrower shall ndt destray.damage or substantialty
<br /> change the Proptrty.altow the Property to deteriorate or cammie waste.Ifi this Security instrument is on a leasehold.
<br /> � Horrower shall camply witb the provisinns of thr le�.se,and if Barrower acquires fee title to t he Propeny.the leasehold and
<br /> f�ee titk shall not merge unless Lender aRrees to the muRer in writing. '
<br /> 7. Prolectio� at Ltadtr's Righta in tht Propetty; Mortg�ge tnsurance. li 9orrower fails to perform the
<br /> eovenuti�snd agrecments cantairtecf in this S�curity lnstrument.or there tis a legal proceeding Ihat may signiflcantly affcct �#�
<br /> L Lmder's nghts in the Propeny (such as a pruceeding in bankrupicy. probate. for condemnation ar to enforce laws or �
<br /> reaulations),then Lencter m�y do and pay fnr whatever is nectssary to protcct the value af the�roperty and Lender's nghts ��
<br /> � in the Property. Lender s act�ons may �nc;tude pay�ng any sums securetl by a lien whuh has pnoruy ovtr Ih�s Secunty �,
<br /> Msuument,appear�ng m rauri,pay�ng reasonablc attorneys fees and enteriog nn the pr�operty tu m�ke rep5irs. Although ���
<br /> ' Lender may take act+or�under�his patagsaph 7.Lercdct does aat have ta 8o su_
<br /> ; Ahy a�rnnuntv d�sbu�rtl bv Lsndet unde�th�s paragrapi�7 shal!became add�ti�nal deht uf Hurrower�ecured by this • "�
<br /> 5ecur►ty lnstrument Unless Ebrrnwer and�endei agrtet�athet tetms of pa�mer.t,the��c arni�uncs shali bear mt�tc��frrm -_ -
<br /> eht dtte af d�str�cr4tment at ehe Note rate and vhali fie payabie. weth �:iterest. u�m natzcr fri�m l.ti�der tn fir.rr«w•er
<br /> t' requesnng paymer�t
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