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<br /> tlMFnRM CovEtv�tv7's. Borrawer and L�nder cov�ant aad agree as fallo�rs: ��3 015 9 5 .
<br /> r 1. Payment of PrfaciDal asd Intetes�pr+e�symmt aad Lie Charges, Borrower shall promptly Fay when due
<br /> { the principal of and interest on the debt evidaic�d by the Note and any prepaynsent and late chasgadue under the Note.
<br /> 2. Funds for Taxa aad Iaspranca Subsaci to apglicablc law os caa arritten waiva a}Lendtr,Borrowet si�a11 pay
<br /> to Lendes on che day monthlY p�yments are due unsler the NotG untit the Note is paid in fu11,a sum("Funds")equal to
<br /> . oae-twelt�b af: (a},yearly taxes and assessments wbich may attain priority over this Security�.Instrument: (!�) Yearly
<br /> Iasehold payments or ground rents on the Prapesty� if any; (c}ytarly hazard insurance psemiums; and (d} ypriy
<br /> , moitgsge insur�na prei�niums.if auy.These itans are called••escrrow items.•'Lrnder may esiimate the Funds due on th�
<br /> .- �asisofcasi�ent date and rason�bleatimstesoffutur+e escrow itesns_
<br /> ,. The Fuuds sl�aU be beld in an institution thodtposits or acxouais of which aze insured or guAranteed by a federal or
<br /> staie agency Cmeluding.Isnder if.i.enda is such an inuiturion).Lender shall app{y th�Fur�ds to pay the escrow items.
<br /> Lenda tnaq not charge for hulding an@ applying the Funds,analyzing the account or vtrifping the escrow ittms.unlsss
<br /> Leader pays Bonowec inier�st on the Fnnds anci applicabte law pamits Lenda to make snch a charg� Borrower and
<br /> Lmder msy agra irs writing that intaest shall be paid on the Fuuds_Unless an agament is made or applicabte law
<br /> . . requires interes�W tie paid,Leader shall nat�6e roquired to pay Borrowes any interest or eamings on the Funds.Lesrder
<br /> , slntll give to Borrowa,withou�sbarge,an annual acc�unti��tHe Funds.showing cmalits and de6its to the Funds and the
<br /> P��se fvr whicb eacb debit to tlje l:tutds.was cp�dG T1t�Ftuids are gle+dgexi as additia�I security for the sums seruzad by,. ,
<br /> . � _tbis Security Instzumen� ; . _ ;-.
<br /> ' If the aritouni af tJicFuudt.��tii.L�a#er,.t�gztft..°riai"tb the fnturG mnntblg pa�ymenis of Funds payable priar�to
<br /> , . . . . � ;' the due dsus of the escra�it�:a�;�iI�a���nawi�;rsgoirad to pay th�escraw.items whei�duG the excess shall.be;; ` ' �
<br /> � at Borrower's aption.eit�sr.��=repaid to.�Hat►nwei:ar credited ta Horrow�s:on montbly payments or Fnnds.If=th�..a ��r-
<br /> � amount of the Funds held by Lardee�is not sufft��t!tor paq tl�ii�esczow iterns when du�,Borrower shaU pay.ta Lendu�nq � :.� � �
<br /> . .. . amount necessary to make up the�efsaiency.in o��or.more paymaits�a4-r+equired by 1.:ender.. _ - -
<br /> Upon payment in full of aJl sums socuied�by this Securityr Instt�imrnt+Lender-sliall promptly refund ta Bortav�er ,
<br /> a�ay Funds hetd hy Lender.If unda paragraph 19�the Prop�ty is so3d gracquired by.Lender.Lereda s6aU'apply.no latee-.-
<br /> , than imme;liately prior to the sate of the Property or its arquisition by Lender.an}•Funds held by Leieder at�the tune of �
<br /> , - , applic�ii���s a credit a;air�st the sums secared by th'ss Securix��instcvment.
<br /> , 3.:.�plia�tlon ot Payments. Un[ess apglic�tIe 1��,�rovi�e��k.era+ise,alC�avments recaved by L,ender undec .
<br /> , �assxgn[plts i and 2 shal�be applied:first,to late ct:arges due urrder the K�°�;.secoa�.�to prepaymemt charges due undcr fhe � �
<br /> ,Not�tbird,to amounts paysble under paragrapR�2;fourth,to interest de�.�.�d las�,to principal du� � .
<br /> 4• Cdar�er IiEes. Borca��ec shall pay all taxes,assessments,c�ar�ges„fuies and impositions attributable to the �
<br /> : Pmperty��}�ich msy attain p:ieri�,avet this Security lnstrument. and teasehol� paymenu or ground rents, if any.
<br /> � Bonowee s�tall pay these obligations in the manner provided in paragraph 2.or if not paid in that manner.Borrower shall .
<br /> pay them on time dirxtly to the person owed payment.Bonower shall pr�mptly furnish to Lender aJl rtotices of amounts -
<br /> to be paid under this paragraph.If Borrower malces these payments directly.Borrower shall prompily furnish to Lender ��
<br /> nreipts evideacing the payments. �
<br /> Borrower shall promptly d�acbarge any lien which has priority over this Socurity Instrument unless Borrower:(a) �;'
<br /> agrea isi writing to the payment of the obligation secured by 4he lien in a mann=r ac�ceptable to Lender,(b)contesta in good � �
<br /> faith the lien by,or defends against tnforcement of tke lien in,legal proceedings which in the Lender's opinion operate to •`�
<br /> prevrnt the tnforcement of the lien or forfeitu�a of any part of the Property;or(c)secures from the hotder of the licn an ,, _ i
<br /> agreemcnt satisfactory to Lender subordinating tE�e lim ta this Security Instrum�nt.If Lender determines that any.part of � �
<br /> We Property is subjxt to a tien which may attain priority over this Security Instru�ent, Lender m�y give B�vwer a i
<br /> notice identifying the lien.Borrower ghall satisfy the lien or take one or mare of the a�aans set forth above aithirr i0 days
<br /> � of the giving oPnotice. � _
<br /> 3. Hasud Iesur�sce. Bottower shall keep the improvements now existing or hereafttr erected an the Propeny ���
<br /> iusured against toss by fire.hazards included within the term'batended covcrage"and any other hazards far which Lender ; '; �
<br /> requires i.h�sance.This insurance shali be maintained in the amounts and for the periods that Lender r�uires. The '��
<br /> insurance�arrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be �
<br /> unrasonably withhetd- . �
<br /> All insuraaa policies and renewals sha�4 l'�e acceptable to Lend�and shall ihclude a standard mortgage ctause. : +"'.
<br /> b,ender shsll have the right to hold the policiea r�nd renewals.li Leader requires.Borrower shall pmmptly give to Lender ' .
<br /> all receipts of paid premiums and renewal notices.In the event of tass,Borrower shall give prompt notict to the insurance
<br /> carrier and Lender.Lender may make proof of tass if not ma�promptly by Bo;rower.
<br /> U�Iless Lender aad Bqn�wrr oiherwise;gr�e in wncc�g,insutance proceeds sptatb be appli�f to restoration or ropair
<br /> of tht ptoperty damag,x3,if the restoration or repasr is economically feasi@!e and Lender's securi�y u not tessened. lf the
<br /> _restoratian or.repair is not economicalJy feasi�sle or Lender's security w�r�Id be l�od..lhe ins�rance.pr�nceeds_shall.be. . .. .. ___...___
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<br /> � ���-� � �� app ied tce�taEsums-sccuied�tiy-this Secuttty tnsttument,�i��ther or not then due.Ri,h any excess paid to B�rrower. lf
<br /> Borroiver abandons the Froperty, a�dacs not enswer witA..in 30 days a notice Pram E.�ader that the insurancs camer has
<br /> o�ered to settle a etaim.�hrn Lender.rnay w11e�t.the insurar.ee proceeds.b,ender may r�se the ptocecds to repair or restore
<br /> the Ptoperty or to pay snms secured 6y this 5e�urity Instrument,whaher ar not then dvt.T�e?C�day period will begin
<br /> whrn the notia is given. .
<br /> :.,, Unless Lender and 8orrowepothervvise agtee in writi�g,any a���.�:ation of proteeds to pnaeipal shall Qot eztend or
<br /> � postpone the due dats of the monti:t�payments referred to in�aragra��:s 1 and 2 or c'r.��::ge the amount of the r�:.�rments. If
<br /> - under paragrnph 19 the Pro�eny is acquired by Lender.Borra�c�`s n�aht tv any insuranre policies and proceeGs resulting
<br /> from damage to the Proprrty priot to the acquisition shall pass to f.cr:�3er to the extent oF the sums secured ty dhis Secarity .--_ __-
<br />: Instrumene immodiately prior to the acquisition.
<br /> 6. Preservalloe aud Maletenince o!Properf�,LeasRBaids. Botrower shal)not destroy,damage nr s�;bstantiaUy
<br /> ehange�he Property.altow the property to detenorate or ocrnmit waste. Ii this Security lnstrument is ct�a leasehoid,
<br /> ' Borrower sh�ll compty with the provisions af the lease,and if Horrower acquires tee titte tn the Property.the leasehotd and
<br /> . . fce tiile sha�!nnt msrgc untrss�der agreer,e�ti��u,cr�rr m wriiisig. i -_
<br /> 7. Protection ot L,erWer's Itights le tbt Property; Mortgage insuneee. tf Barrn�er fails ta perform the. �
<br /> � covenanta aad agteements cnmairted in this Security lnstrument,ar there�s a tegal pra:eeding that may sigmfrcantly afl'ect
<br /> Lender's rights in the Propeny(such ns a prcxeeding in bankrupicy.probate. for condemnattor� or t�enforre laws vt �
<br /> regWatians}.then Lender may do and pay for whatever is ttec:essary tu protect the valut af Ihe Property and Ltrtder s nghts �
<br /> ia the Propeny Lender's acucros may inriude paying eny sums secured by a i�en which has pnunry over th�s 5ecunty ��
<br /> instrumrnt.�pp�rtng m court.paymg reasonable attarneys tees and entenng on the propeny tn make repa�rs Al�hough ���
<br /> 1.ender may lake nru�n ut�der th�s parngraph 7,Cendef dt�es nt�!have todv sce. , �.a
<br /> Any�lnc�unts dis6ursa!E�y L,endtr un�ter thss patagraph'�sha!{become additt,maP deht c.f it�rr�wer cecured bv tfn; -• r
<br /> Stcunty insfru�nent ('ntess Buru►wtr nad t.en�fer agree 9cr otF�er terms of p�ymen�,theK Hm��unt�iha11 he�r mtrtest hum
<br /> thc date�uf dcsbursement ut ttte l�ute tate and chall t+e r�yahle, w��Eh �ntert�t. �fxm ne�trre irnm 1 cndcr t{. Hf�rr���ticr
<br /> rtqu%�s��rig rayonrnt
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