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<br /> UNtFORM COVEI�AM'S_ Borrower and Ltnder covenant and�gree as follows: �0---��i�i 9 g
<br /> � �• Psy�e�t et PrtaciNl�ed iAtera�prepayment aad Lte C7�ar�a. Borrowu shall promptfy p:y when du�
<br /> ` tht principal ofand interest on the debt evidenced by t6e Note and any prepayment and late charges doe under the Note.
<br /> 2. Fw�tor�'s:a�d I�surseee. SubJect to applicable law or to a written waiver b}�1Lender,Borrawer shall p.�y
<br /> to t.ender on the d�y monthiq psyments are due under ihe No3t.until the Nott is paid in full.a sum t"Funds")equ�l to
<br /> one-txelRh af: (a}yqrJy wcrs ind Assessmtnts wE�ich may attain priority over thi� Security Instrument; (b) ye�rty �
<br /> tasehold pa�rments or ground rents an the Property, if�y; (c) ytarly har�rd insarance ptemiums; �nd (d) yearly
<br /> . ' mortjage insur�tnce premiums.if any.These items are called•'escrow items."Lender may atimate the Funds due an the
<br /> buis ofcurrrnt8ata and raaonableestimates oflature escraw items.
<br /> Tfte Funds shsU be lgeid i�an institution the deposits or accovnts of which are insured or guaranteed by a federa!or �
<br /> state a�snsy(including Lender if Lmder is such an institution). Lend�r shall apply the Funds to pay the escrow items.
<br /> Lender may not chuge tos holding.and appiying the Eunds�analyzing the account or verifying the escrow items,unless
<br /> i.ender pays�orrower interest on the Funds and applicable law permits Lers�er to make such a charge. Borrower arid
<br /> Lender nuy agree in writing that interest sh�Jl be p�id on the Funds. Unless an agreement is made or applicable law
<br /> roquira interat to 6e paid,Leader shall not be required to pay Borrawer any interest or earnings on the Funds.Lender
<br /> slistl gi�e to Borcower��arithouc eharge.an annual accountiteg of tho Funrfs shoa�ng credits and dehits to the Funds and the �
<br /> . purpose far which each drbi+t to the Fuads was made.The Funds are p2edged as a�d:tianal securiry for the sums secured by
<br /> this Security Iasuumeri¢.
<br /> If t�e smotmt of tbe Fuads held by Lender,tagether with the future montt�fy payments of Funds payable prior to �
<br /> the dae dates of the escrow items.shall exeted the amonnt requircd to pay the eserow items wl��due,the excess shall 6e, �
<br /> at BorroWe�s option,atlter promptly repaid to Borrower or crodited to Borrower on monthly�ayments of Funds.if tB�e
<br /> a.mount of ihe Funds�etd by Lqtder is noi sut6cient to pay the escraw items when due,Barrawer shall pay to Lender�*�y
<br /> uaonnt noctssary to make up thr deficiency in one or more payments as reauirod by Lender.
<br /> Upan paymcat in full of all sums secured by this Security Instrument.Ler:a�er shall promptly r�efund t�o BoaoRer
<br /> au►y Funds hetd by Lcndtr.If u�dcr paragraph l9 the Property is sol�or acquire�by Lertdet�Lender shall apply.no laII�r
<br /> tban immediately£enr tu the sale of the Property or its acquisition by Lender,any Funds hetd by Lender at the a�e��
<br /> � application as a cre�7�against the sums sec�red hy this Security Instrumen�
<br /> 3 AA1�'��psya�eab. Unless applicabte Law provides otherwis�all payments received by Lender undcs
<br /> prngnpds 1 and 2 shaU lx applied:first,to late charges�r.;�mnder the Not�second,to prepayment charges due under the '
<br /> NotK third,to amo�ats payable under paragraph 2;":;�an,to interest dne;and last,to prin�i�due.
<br /> 4• C�e�Lieas. Borrower shal�pay aI�aaaes,assessma�t5,c�arg�,flnes an�3 is�pasitions attributable to� �
<br /> Praperty which may at¢sin priority,over i'�.� Security Instrumrnt, ��� ��sel�otd payments or ground rents, if a:.y�_ ,
<br /> Borrawa s1�11 pay these obli��ns in the manner providc�in paragrag�?,6r_i�nat paid in shat manner.Borrower shaU
<br /> pay them on time dircctly to t!�persan owed paytnen�Borrawer shall prc,mp2b�rc�mistc to Lender all notices of amounts �
<br /> to be peid under this paragrapb.If Bonower makes these paymenu diseetly,Borrawer shall promptly furnish to Le�a-
<br /> receipts evidmcing she psyments. .
<br /> Borro�ver s�all promptly dischuge any lien which has pricr::y over this Security d�strument unlas Bosrawer:;-zh •
<br /> agas in xriting to the Qsyment of the obligation secured by tht lien sn a manner a:,a..-�t�'a�,�_to Lender,(b)contests in gao�
<br /> fiith t�e lien by.or defends sgainst enforcement of the liese�a,tegs'J proceedings�fr�i:h in the Lender•s opinian operate to ' ° -
<br /> ' pixvenz the enforcement oP the tirn or forfeiture of any part of t�Preperty;ar E��secures from the holder of the lien an '
<br /> ` agreement sati�'�:�ry to I.ender subordinating the lien to this Secc:ci^ti�[*TStrument.If l.��d.r detern�ines that any part�; t�
<br /> the Property is s.:�ject to a lien which may attain priority over thi5�urity lnstrument,l.endsr may give Barrower� �
<br /> : �otice idrntifying the lien.Borrower shall satisfy the lien or take one or nROre of tE�e actions set forth above within]0 days
<br /> ci the giving of notia. i
<br /> S• Har�rd Iesurawce. Bonower shall koep the improvements now existing or hereafter erected on the Ptoperty '
<br /> insured asainst lasa by fire,haurds included within the term'•�xtended coverage"and any other hazards far which Lec�d.�- � -��
<br /> requires insurance. I'his insurance shall be maintained in the amfan.rs and f�r the periods that Lendcr•requires. 'Flnc 'x �
<br /> insurance carrir.���oviding the insurance shall be chosen by Borra�cz subjxt tr 1.,ender's approval which shall not be
<br /> unrqs�C��it�;�etd. . .:�•;.
<br /> �ti°s:.r�a;.e policies and rrnewals shall bs acceptabte to f..ecz�er and sl�ali inctude a standard mortgage clause. � �""
<br /> Lender s:�.a:]h.ave r.¢e�ight to hold the policies and renewals.If Lead�r requires,Borrower shall promptly give to L.ender
<br /> - all rocc���of puF'+��rsmiums and renewal notices.ln the event oF tos�.8orrower shall give prompt notice to the insurance
<br /> . cariiec asd�,ender.Lender may mske praof of ioss iPnot made pramptly by Borro�r�r.
<br /> �Snless Lencler and Borrower otherwise agree in writing,insura�cce proceeds shall be applied to restoration or repair
<br /> of the Property damaged�if the restoration or repair is economically feasible and Lender's security is not tessened. li the
<br /> reatotation or repair is not economically feasible or Lender•s security woutd be lessened.the insurance proceeds shall be
<br /> spplied to the sums seeural by this Security lnstrument.whether or not then due,with any excess paid to Borrower.li
<br /> Borrower abandons the Property.or does not answer within 30 days a notice fram i.ender that the insurance carrier has
<br /> oRered to settle a ctaim.thtn Lender may collect the insurance proceeds.tr_nder may use the praceeds ta repair�r restore
<br />. the PropeRy or to Qay sums socured by this Security Insirument�whethet or not then due.The 30�day period will begin
<br /> whrn the notice is 6iven.
<br /> Unless L�endtr and gorrower otherwise sgree in writing,tny applicntion of'proceeds tu principal shall aot eatend or
<br /> , postpone the due d�te of the monthty payrtients referred td in paragraphs 1 and 2 or change the amount of the payments.lf
<br /> under paragraph 19 the Propeny is acquired by Lertder.Borrawer's right to any insurance pnlicies and proc�eds resulting
<br /> from damage to the Praperty prior to the acquisition shall pass to Lender ta�he extent of�he sums stcured by�his 5ecanty �--------
<br /> Instrument immediately prior to the acquisition. �
<br />� 6. Pre:enation and Mdnteeaece ot Proper�;Leaseholds. Borrower shall not destroy,damage or substantially
<br /> ' change the propeRy.allow the Property to deteriorate or commit waste. lf this Security Instrument�s on n teasehald.
<br /> • Borrower shall comply with the provisions of th�Iease,and if Barrower acquires fce title to the Ptoper�y,the leasehaid and �
<br /> [�tiiL�• •��!!8i let.�=Uttl��dE=B�rEc;iv i�ie merger in writing. �
<br /> �. ProtecNon ot Lender's AIQhb ie t6e Property; MoHg�ge Insurance. If Borrower Pails to pe�form tht �
<br /> � � � covenants�nd agreements contairted in this Security Instrument,or there is a legal proceeding that may significnntly affect '
<br /> E.ender's rights in tht Property (such as a proceeding in bankruptcy, probate, for condemna�ron or to enforce laws or
<br /> reaulations).then Lender may do and pay for whatever is necessary to prottrt the value of ihe Property and�,ender's nghts �
<br /> � in the Propeny. Lender's acnons may include payirtg any sums secured by a lien which has pr�onty over th�s Security �`
<br /> — , Instrument.appeanng in court,paying rtasonablr attorneys'fees and entenng an the proper�y tv make repa�rs. AUh�ugh . �u�P.
<br /> r- l.ender msy take act►on under th�s paragraph 7.Lender does not have t�da sv. -�
<br /> Any umountsciisburstd by Lender uadCr thts p�ragraph 7 shali fserome addit�onai debr of Nnrrc�wer.ce�ured by this � �
<br /> 5eturHy Instrumtnt Unless Borsdwrr and Lender agtee to other terms of payment,these amounts�hall hear mterest fmm
<br /> the date of disbursement at thc N�te rate and shall be payable. w�th mterest, upon nottce frc+m I.cuder tv Hurrc�wer �
<br /> � reyuest�ng payment.
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