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<br /> � UNIFORtN COVE2vANT5. Borrower aad Lenda covenant and agree as follows: �
<br /> l. Paymcnt af Priacipal and interest;�e�nyetsPat and I�te G'harges, gosraweF shall promptty pay when due=
<br /> the principal of and interest on the debt evidenced by the Noteand any prepayment and late charges due under the Note. �
<br /> 2. Funds for Tazesand Insurutce. �abject to app4i�able iaw or to a written waiver by Lender.Borrowershall pay �
<br /> to Lendtr on the day monthly payments are due under the 3�Iote,until the Nate is paid in full,a sam("Funds")equa!ta �, ,�
<br /> one-twelfth of: (a�.yearIy ta�ces and assessments which may attain priarity over this Security Instrument; (b) yeaslpo 2�5
<br /> leaschold gsayments or grouad rPnts on the Property, if any; (c) yearly hazard insurance premiums; and (d) yeariy=
<br /> mortgage'�n..�_rance premiums,if any.Th�e items are caJied°escrow items."Lender rnay estimate the Funds due an thez � '�
<br /> b2�ofcur_cr;t data and seasanable estimates of future escrow items.
<br /> T�e F�ds�.�:I.1;�t,�ld in ca.��titution the deposits or accaunts c�"'t�r.�h are insured or gu�r-�,�-�d by a fedeTal or~ �p
<br /> st�se ay�c�s(cneiu3�g?�;�er:��,�°�!S StdClt 3!1 III3�IhdLYO.�i.T-��,�r s.i.:�,�4g�_,'.►ehe���.�rds tc�L y����.^�::c�a:e r��.�'� ••P
<br /> I.Cnt�C���llAt C�2.���f�r�:ai�:.Lg�r.:��pplying the FuntL,�::a,v�g t:.�a�c���c�-a,�anrr��ti`:.es�<o�:re�s,�snl�s
<br /> ��p��s$r�r:�AZ:.T 1T1iET�a�t%;�F;;�ds and appiicab��;aa�:��s��e-'ro r-.z��sach�;.�,-g� �,:zew��aad
<br /> �¢���9�==�z �=�.'�g tbat�^:ter,�t sis,all be paid oa the��nds. LrrTc�s an agreement is m�.��r app�icable law
<br /> rerqvires intertst to be pa:�,Ixader s�aIi rtot be required to pay Borrower any interest or eamings on the Funds. Lendes
<br /> sfia11 giv��a Borrower.without chargG an annual accounting afthe Funds showing credits and debits to the Funds and the
<br /> purpose for which cach debit to the Funds was made.The Funds are pledged as additional security for the sums secured by
<br /> this Security Jnstrument.
<br /> If the amount of the Funds Aeld by I.�reder.together with the future monthly payments of Funds Qayabte prior to
<br /> tht due dates af tt�e escrow items.shall eaceed the amount required ta pay the escrow items where due.the excess shaU be,
<br /> at Barrower's option.either promptly repaid to Borrower or credited to Borrawer on monthly payments of Funds. If thc
<br /> atnoant of the Funds held by Lender�s not sufficient to pay the escrow�tems when due.Borrower shall pay to Lender any
<br /> amount nxessary to make up the defic�ency�n one or more payments as r�equ�red by Lender.
<br /> Upon payment in full otall sums secured bS•th�s Secunty instrument. Lender shall prnmptly refund to Borraa�er
<br /> any Funds held by ixrtder.lf under paragraph 19 the Property is sotd or acqu�red by Lender.Lender shal)apply,no later
<br /> than immediately pnor to the sale of the Pro�serty or us acquisition by Lender,any Funds held by Lender at the time of
<br /> applicatian as a credit against the sums secureci by this Secunty Instrume�t.
<br /> 3. Applicatton of Payments. Unless applicable lax provida otherwise.all payments received by Lender under
<br /> paragraphs 1 and 2 shell be applied:first,to late charges due under the Note;second,to prepayment charges due under the
<br /> Notr,third,to amounts payable unde�paragraph 2;fourth,to interest due;and last,to principal due. �
<br /> 4• Csuges;Idens. Borrower shall pay all taxes,assessments, charges,fines and impositions attributabte to the
<br /> Property which may attain priority.over this Security Instrument.and teasehotd paymenu or ground rents, if any.
<br /> Borrawer shal)pay these obligations in the manner provided in paragraph 2,or ii not paid in that manner.Horrower shall �
<br /> pay them on time direct�y to the person owed payment.Bonower sha11 p;m��?Iy iurnish to I.ender all notices of amaunts
<br /> to be paid under this paragraph. If Borrower rr�alce;these payments direc:�5�, l�orraaer shall proanpeby fumish to Lender
<br /> receipts evidencing the payments.
<br /> Borr�R•�r shal)promptly discr..a:��e any Sien cvhirh ha.s pr�r,":y over this Se�uri:y i�strucr�ens unless Barr�w�:(a)
<br /> agrees in writing to the payment of the obligati�n secured by ine lien in a manner accep;20!•:2�Le���,:r;(b)contests in goad
<br /> taith the lien by.or defes�j against enforceme�2 of�'he lien in,legal proceedings which i*�the Len�_:'s opinion operate to '
<br /> �ttavent the enfarceme:�t cFthe lien or forfeiture o:'any part of the Prope��;.tsr(c)s�urrs from the holder of the lien an '
<br /> sgroement satisfactory tQ Ler:der subordinating the lien to this Security I-sir,:r.�ent.Js"O..�der determines that any part oF ' ' �;�
<br /> the Praperty is subject to a iien whicn may attai� priority over this Secanty lnstrument, Lender may give Botrower a ��a�
<br /> notice idrntifying the lier.. �orrower shall satisfy the lien or take one or r:^ore of the actions set forth above within 10 days
<br /> ofthegivingofnosice. , �•,
<br /> 5. Huard Insu�e. Horrower shall keep the improvements�:�w existing or hereafter erected on the Property �
<br /> insured against loss by fire,:`�azards included within the term"¢s�sended coverage"and a,;,.;:other hazards far which Lender "
<br /> reqvires insurance. This bnsurance shall be maintained in .:^.�amounts and for t}���ods that Lender requires. The
<br /> insurance carrier providing the insurance shall be chosen by �arrower s::�;ect to Ler.�:T's appr�e.�al which shall nat be -
<br /> unreasonably withheld. :
<br /> A11 insurance poJic��and renewals shall be acceptabfle to Lender aad shall i::c:�•de a standard mortgage clause.
<br /> Lendtr shail have the right to hold the poliCies and renewals. If Lender requires,Bono�wer shall promptly give to Lender
<br /> all reaipts of paid premiums and renewal notices.ln the event of'lass,Barrower shafl give prompi no�ice to the insurance
<br /> carrier and l.ender.Lender may make proof of tass if not made promptly by Borrower.
<br /> Untess Lender and Borrower otherwise agree in writin�,insurance proceeds shall be applied to restoration or repAir
<br /> of the Property damaged.if the restoration ot repair is ecanomically feasible and Lender's security is not lessened. If thr
<br /> restoration ar repair is not economically feasible or Lender's security would be lessened,the insurance proceeds shall be
<br /> applied to the sums secured by this Secunty lnstrument,whethcr or not then due, with any eacess paid to 8orrower. If
<br /> Horrower abanctons the Prayerty,at does not answer within 30 days a notice from Lender that the insuranre carner has
<br /> offered to settle a claim,then l.ender may collect the msurance proceeds. I,ender may use the praeeds to repair or restore
<br /> the Property or ta pay sums secured by th�s Security lnstrument,whether or not then due. The 30-day period will begin
<br /> when the notict is givtn.
<br /> Unle'ss Lender and Hanower otherwise�gree in writing,any application of proceeds to principal shall not extend or
<br /> postpone the due date of itie munihiy p�yments referred to in paragraphs I and 2 or cha^ge the am��um��f the payments.If
<br /> under paragtaph 14 the Proptrty is acyuired by Lender,Borrowei s r�ght to any ins�rance poluie�and proceeds resulting
<br /> from damage to tht Praperty prior to the ucywsitinn shal!pass to Lender co:he axte�?of the sums secured by this Secunry '"� --` -
<br /> Instrumenl�mmediately prior to the acquisition. '
<br /> 6. PstservAtion 9nd Malntenance of Proper�y;l,easeh�!ds. Bosrow•er shas:n�P�esiroy,damage�r c��;��n�iaily
<br /> ehange tt:e �ropeny, altow the Properry to deten�rate or carnm�t waste. !f this$:cur,�y lnstruc^.ent 3s on a ieasehnld.
<br /> Borrower shaU comply wi��tht provisinns af the?:,�:e,and if Borro�es acyc�ires fee t�de to the Prc�ert�,the leasehc►id and
<br /> `:i tc�te shaii r�nt f��e;gr us:i:ss ien�eragr�es«�*.fie�rserger�n wnting.
<br /> �
<br /> 7. Paotection af 1'[.enfl:r's 1R:;�,'.s i� the Yroperty; Mott{r,�ge i�sur�-re. If Bcr*oµe� �'ails to �er�'�:sr.s the ��
<br />_ � rovenants and agrartter.ts co7tairte�:^th�s 5ecunty lnstrument,or there�s a:e�,ai�saceed�ng thai may sigmflcantly affert
<br /> E.ender's nghts in �he F�:cperty lsuch as a pn�ceedmg�n banktuptcy,probatc, far candemnatuin nr u�rnt�rce laws e�r ��
<br /> regutations),then l.endcr may do and�ay for wh�tever is necessary to prntec�th e�•a l u e�f t h e P r u p e r ty an d Len der's ng h ts �
<br /> in Ihe Pr�perty. I..ender's�cuimc rnay mcludr paying eny sums secured by a I�en wh�ch has pnoruy aver thi� Securny �en�
<br />„ instrument,appeanng�r►court,paymg re�conabie attarneys'fees�rtd entertng nn the Pr�perty to n�ake rcpa�rs Althaugh �"
<br /> l.en�ter may take�chan under this paragraph 7. 1 ender d��es not have tt�d<,ti�f "
<br /> Any arna+unttcl�;ht�rsec!hy t.tnder under thtt paTagrapte 7chaii hec.:�me addnuuiai deht�dli�.ic��aer tierutcd hr tlu� �
<br /> 5ecur�ly Ir►ctrurnenl t'r�leti�HF�tr��wer and 1 end;•r n��tee tn�,ther terms n} (i3yntChl.11tCte am��nntti�h:�ll hcet tnfcle�t h�+fn
<br /> the dalr ��P CI14hUF1ClTlf11! .�t ii�e ti��ic �ele :�tnl �h.�fl he F•,����z,lr. N�th n�fe•rr�t. upnn rn•tu�• fr,�rr• f rta�irr !�� (���►r,�tiser
<br /> re�t���c1�n�;�arnt�r,r
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