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<br /> UNIFOtt�s CovE:v�t�TS. Bornowerand Lender covenant and agree as foilows:
<br /> . ." i. Payaent oi Priaciptl a�d Interes�Prspsynte�aed I.it�C6arges:. Borrower shall promP=�Y Pay when due
<br /> the princIpal of aad interest on the debi evidenced by the Note and any prepayment and l�te chazges due under the Nat�
<br /> � 2. Funds rorTuesaad Inwr�uis� Subject Lo appticaEsIe Iaw or to a wcitten waiver by Lender,Borrower shall pay
<br /> � � ' to Lerzder on the day monthty paytritnts are d¢e urtder the Note.untit t�te Naie is paid in fuli,a sum("Fc�nds")equal ta
<br /> otte�tweifth of• (a) �early taaes and assessmtnts which may attain priarity over this Securitp Insuument:fb)yearly
<br /> Ie�settold paymenu or ground rents on the Pro}xrty, yf any; (c} yearty hazard insurance premiums; and (d) yearty
<br /> ntor�gage insurance premiums.if any.These ittms ate caited"escraw items."L.ender may estimate the Fands dut oa the
<br /> 6asisof current data aad reasonablt�siimates of futuTe escrow items. -
<br /> 'Fhe Funds shall be netd in an insritutioa the depossu or accounu of which are insured or guaranteed by a fedarat ar
<br /> state agency Cncluding Lender if Lender is such an institution).lxnder shall apply the Funds to pay the escrow items.
<br /> Lentia may not chazge fos holding and apDlying the Funds.anaIyZing the account or verifying the escraw items,unless
<br /> Lmder pays Borrower interest on thc Fnnds and applicable taw petmits Lender to maice such a eharge. Borrawer and
<br /> � Lendcr may agtce in.writing thaf irltaest st�all be paid on the Fuads. [Tnless an agreencent is madc or appIicabte taw
<br /> requires interest ta be pai�,Ltader shall not be required to pay.Bonowec any interest or earnings an thP Fi�ads.Lender
<br /> shall give to Bosrowcr,,without charg�,ar�anaual accounting of the Funds showing credits and debits to the Funds and the
<br /> purpose for wtiich each debit to the Funds was mad�The Funds are piedged as additionat sesurity for the sums secnred by
<br /> this Sec,vsiiy Insfrumen�
<br /> If the amount of the Funds hetd by Lender,tagether with thr future monthly payments of Funds payabte prior to �
<br /> � �the due dafes of the escra�r items.shalt exceed the amaunt required to pay tE�e�scrow items whert due.the excess shall be.
<br /> ��B:,a:csa`cs's a�ias�,citb�pso:agt3y repaid to�rrower or creditec!ta���:�er-on monihly Pa}*s�ts of Feet�If the�--- _ - -."� .-... �.
<br /> -. �` amontet af the Funds hd�by Lendtr is nat suificient to pay the escrow items wken due,Bonower shall pay to Lender any
<br /> ` " amount nocessary to malce up the defci�cy in one or more payments as required by L.ender. �. �• �
<br /> : � Upon payment in full of ali s�s secured by tl�is Security Instr�ment.I.ender shalt�mgiLy Fefund to Borrower '
<br /> � �y Funds held by Lender.If under paragraph i9 Eice Property+is sald or acquired by I.ead�:����all apply,no later . �
<br /> , �tEsan immediatety prior to the sale of the Property ar its acquisition by Lender,any Funds�eL���Ls�der at the time of
<br /> �' "'= application as acreditagainst the sums secured by this 5ecurity I�strumenf. _ . . �� �''� ' "�"'�
<br /> . 3. A►pplieatIos of P�ymeets. Unless applipble law gnz�ides otherwise,all paymenu receive�by Leader c3nder
<br /> ._paragraplis i and 2 s1�U be apptied:fitst,to late clharges due u���+�'.t�e Note;second,to prepayment ctiarges due ua�..�the
<br /> 11�az�tI�ar+d.to amaunis payable under paragraph 2;fourth,to interest due;and last,to principal due.
<br /> . �t't�arge�I3ens. Barrower shaU pay all taxes,assess�ents,chasges,fines and impositiar,s sttributab2e to the
<br /> Property Rhish may attain priority ove�this Security Instru��t. and leasehold pay-��ents or ground rents. if any.
<br /> Borrower shall pay these obligations in;he�manner provided in pzragraph Z,or if not p�:c��.that manner,Borrower shall '
<br /> � . pay them on ame diratly to the persa�!�red paymeat.Borrower shall promptly furnis��a Lender all notices o!'amounts �
<br /> ta be paid under this paragraph.If Borrower makes these paymenu directty.Hosrower shall promptly furnish to Lender �
<br /> raeei�iis evidencing the paymcnts. .;,�:::
<br /> Bosr+ower shall promptly discharge any lien which has psiosity�ver this Secusity Instrum:nt unless Borrnwer:(a) �.y;;J;;,:.
<br /> agras in writem3 to the payment of the obligation secured by the t6�in a manner acceptable to I.ender;(b�coniests in good
<br /> faith the Iien�+y,or defends against enforcemtnt of'the lien i�,3�procee�dings which ia the Lender's opinion aperate to :
<br /> ' prevent the enforament of the lien or forfeiture of any part of sh:Property;or(c)secures from the hatder oF the tien an '�
<br /> agreensent satisfactory to Lender subordinating the Iien to this Security Instm�ent.If Lender deterns�c:s.that any.pan oF•� _ '
<br /> the Property is subject to a lien which may attain priority avet this Security Instrumen&�i-ender may give Bonower a � -_
<br /> itOftC@ 1t�22i1iiijltti8[it�GCII.Harrower shali satisfy tbe iien or take one or more of che acticr;.�s s�et fdrth above withiri:1a daya-. - :�
<br /> of the giving uf notiee. , -;'' '
<br /> S. Hazud Insurance. Horrower shall keep the improvemenu now existing ar�h�eceaft�erw¢�d on.the�Ptop�»�+�,� �. ; � ^
<br /> ir5�red against loss by fire,hazards included within the term"eatended coverage"and any other baaa:dS�for-whiett Lettd�elr�� � �`� : `
<br /> ree�res insurance. This insurancc shalf�be mainiai�n:d in the amounts and for the periods�that Lets@e� requires.,The+� �
<br /> i�surance carr%er praviding the insuran:e shaU be chosen by Horr�wer subjeet to Lendea's approval whictt�str��l.(hc�l�bt� �� ' ; ��.�- � .
<br /> unrrasona�2ya7thheld. • � . � . �.�'�'' � ! �
<br /> All insurance policies and renewals shall be acceptable fa Lend.r and shall include a standard mortgage clalisa: � ,• . �_
<br /> L,ettder sball have the rigEea to hold the poticies and re�ewals.If Lender re�uir�,Borrower shal)promptly give to Lend�c: ,��. �� ���}r�
<br /> afi!receipts of paid pumiums and renewal notices.Zn the event of loss,Borr��re�z shall give prompt notice to the insuraace ' .
<br /> carrier and Lender.Lender may make prooi'osloss ii'not made promptly by&�rrower. '
<br /> Untess I.ender and Borrower otherwise agree in writing,insurance proceeds shali ae applied to restaration ar repair -
<br /> of the Praperty damaged,if the restoratian or repair is economically feasible and Lender's security is not tessened. If the
<br /> ffestoration or repair is not economically feasible or Lender's security would be lesserted,the insurance proceeds sha1)be �
<br /> applied to the sums secured by this Secu�ity lnstrument,whethcr or not then dut;with any excess paid to Borrower. IP
<br /> Borrower al�andons the Propeny,or does not answer within 30 day�a notice from Ler.�3c�that�the insurance carrier h�
<br /> offerod to settte a cls�im,then Lender may collect the insurance p�aceeds.I.ender may uye th�pr�ceeds�to repa"sr ar restore
<br /> . .. --. ....----the Praper��rv�to pay sums�secured by this Security�lnstntmenta�wh@ther or�nat�ther dua�7'h�+30-day periad will begin. .. '
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<br /> when the ao:�x is given:� � �,
<br /> Uo�,�.s.s Lenderan�3�drrrower otherwise ap,;ce i»writing,any application��sproceeds to ptine'sp�f 4ha11 not extend or
<br /> postpone��ta duc dateotthQ'mnnthly pa�rnmts ref¢�rcd to in parAgzuphs 1 and 2 or changY the+amciunt of the payments,lf
<br /> undet para.�,7aph-�19 the Property is acquated by l.eitder.Borrows�'s'right�to any insuranw�pc►li�+ieg and proceeds resulting
<br /> ,. Prom dama�:td the Ptnperty prior ro the acquisiEion shaU pass to�xncter tn the extent o€dhbNUnts�secured hy this 5ecurity
<br /> Instrument immediately priar ta the acquisition,. : .
<br /> 6. Presewation and Maintenance af Pta�nty;l.ease6olds. Norrawer shall noi deslroy,damage�r substantiaUy
<br /> change the Property.a11ow the Propeny to deieriarate or rommit waste. li thi�Security lnstrument is�n a leasehc�ld,
<br /> Borrawer sf:�!!comply with the provisions of'the lease.and if Horrower acquires fee titte to ihe P4operty,the Ieasehotd and :_ _-=- -
<br /> fce titte sha�root rtterge untess Lender agrees to Ihe merger in writing. �
<br /> 7. 1'rotecttvn ot Lende�'s �tights tn the Property; '�tnrtgage Insurartce. lf Btirr�wer fails to perfi�rm the
<br /> covenants and agreemenbs�contaitted in this Security lnstrument,or there is a tegal praceedin�that may signifirantly affect
<br /> t.ertder's rights in the Ptoperty(such as a proceeding in bankruptcy,prvbate. for condemnation or io cnfvrce laws ar
<br /> reguTationsj.ihen Lender may do s�nd pay for wh�tedrr is necessary to protrct the value of the Property and Lender s rights� - �
<br /> in the property. Lender's actinns may irtclude paying any�ums�ecured by a lien which h8S rr((►tlty'f�Yt't 1}ttc SeCGf11J+ �.
<br /> � lnstrument,appearing in rnurt.paying reasnnable att��me�s'fees and entering un the Property t��make repa�rs Although
<br /> Lender may take acti�m urtder this Paragrapb 7,l,rn�iet does n�t have tndu so. ��
<br /> Any�mounts d�sburscd hy Lender under thic par�graph 7 shall becc�me�icid�t�ur�al deM c.f Hi�rrnwer secured by thiy �v'
<br /> Secunry I�:,trurnent.Cnlesr Horruwer t�n�ll,ender ugrre tu other tesms��f pa}nicnt.�hetie amvunts shall bear intrrest fro�n �`'
<br /> tht d�te of di4b:a�s�ment at the Nnta•t:�te•and sh�l! he e ahle! a�ith intcrc�t, u em n��t►ce f'rnm l.cnder tn Hnrrr�ccr ��
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