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<br /> UNIFC�RM Cuv�WANTS. Aorcow�er antl I.ender covenant and pgree us fo!lows: v��'"'i A 210 6
<br /> 1. K�y�eat et Principal uN!Iutere�t;Pr�pa�reteet and Late Charge9. Btirr�w•cr�hnll promptly pay when due
<br /> the prineipal of and interest or�eht debt evidcnced by the Nnte And any prepayment and latr ch�rcgc�+due undrr t he IVotc.
<br /> 2. FNIi1M fRr T�H MA 114tY1'w11Cl. �ubjcct to applicablc law o�so a w ritten���ai�er by l.ender.8orrower shali pay
<br /> � tp Le�der on the dAy ii�onthly paymcnts are duc under thc Note, until the Note is paid in Pult,a sum("Funds")eqaal to
<br /> onatwtltth of: (aj yearlv tsxes and assessments whi�h may at3ain priority o��er �t�is Security Instrument; (b) yearl��
<br /> le�sehold �vments o� greund rents on the Property. if any; (c) yea�lp h3zard insurHnce premiums; And (d) Xearl�
<br /> m�tt��insurance p[emiums,if any.These items Are called"escrow items."Lender may estimate the iFunds due an the
<br /> b�si9 ofcurrent dwt�and�ea�sonabk�timxtes of future escraw items.
<br /> The Funds sh�il be held in�n iastitution.the deposits or accounts af which are insured or gu�ranteed by a fed�r:a�or .
<br /> state�ejencp(inc{udina tendtr if Lendee ia such an in9tituti�n). Lender shal! apply the Funds to pay the escraw ittms,
<br /> Lender m��not charge for halding and applying the Funds.analyzinA the nccaunt ar verifying the escrow items�,unles,s
<br /> Lender p�ys�arrower �nterest on thc Funds and applicable law permits Lender to make such u charge. Borrowe� and ,
<br /> Lend4r ma�r agree in writing that interest shall bc paid on the Funds. Unl�s An ag�cement is made or applicnbte Inw
<br /> requir.e�inter�t to be paid, Lender shall not be required to pay Borrowcr any interest ar�arnln&�on the Furs4i.y,.Lostder ,
<br /> ahdl giva to Borrower,without ch�rge,�n annual accounting af the Funds showing credits.and debits.to the Funt45 as:�!FA±
<br /> purpo�e fot.which each debit to the Funda was mado.The Fundc�►re pledged as additiAnal,sCcurity fot th�r+um�,secursd by,.,
<br /> this Socurity Instrument.
<br /> lf the amount of the Funds held by.Lendor.tpgether with the futu�e monthly payments of Funds payablc pric�t to ,.
<br /> the due dsta af the escrow items.shali excec�i the amount requircd tn�y the escrow items when due.the excess shatl t+�e,.
<br /> � at 8arrower's aption,either promptly repaid to Bonower ar credited to Borrowe�on monthly payments of Funds. If the
<br /> amount of the Funds held by Lender is not suffieient to pay the escrow items when due,8orrower shall pay to Lender any
<br /> amount necessary to makc up the deficiency in one or more payments as required by Lender. '
<br /> Upon payment in full of all sums secured by this Security Ins�trument, l.ender shall promptly refund ta Borrower ,
<br /> any Funds heid by Lender.If under paragraph 19 the Propeny is soJct or a�quired by Lender.Lender shall apply,no latrr
<br /> than immediately prior to the sale oP the Property or its acquisitian by l.ender.any Funds held by Lender at the time af
<br /> spplucation u a credit against the sums secured by this Security Instrument.
<br /> 3. AMlldtion af Payme�b. U�less applicahk.!aw provides otherwise,all payments received by Lender uuder
<br /> paragraphs 1 and 2 shall be applied:first.to late charges duc under the Note;second,to prepa,ymer�t charges due undtr the
<br /> Note;third,to amounts payable under paragraph 2;fourth,to interest duc;and last,to principa)dur.
<br /> �. C6uges;Lie�a. Borrower shall pay all taxes,assessments, zharges. flnes and impositions attributable to the
<br /> Property which may attain priority over this Security Instrument, and leasehold payments or grnund rents, if any.
<br /> Bonower shafl pay th�se oblig3tiions in the manner provided in paragraph 2.os if not paid in that manner. Borrower shall •
<br /> pay them on time directly to the person owed payment. Bar�ower shaU promptly furnish to Lender aq notices of amounts �
<br /> to be paid under ihis par�graph. IP BarraKet makes these payments directly.Borrower shall promptly Purnish to Lender
<br /> rcceipu evidencing the payments.
<br /> - H�rrawer sh*�!�rern�tly��s!�h.arge any li�n whi�l�hac�,��,rity�v�r rhic Security Inctrument unless Borrower:(a) ;_,___
<br /> agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lcnder;(b)contests in good ' -
<br /> fiith the tien by.or defends against enforcement oP the lien in,legal proceodings which in the Lender's opinion operate to =
<br /> -. _ �:r_•�:::!:�-^5�:�.^.�::�:':h�le�z�:fc:!'ri•.;,•;r�£�:;i w::�f i!:_.°:��:t;;cr�s1��s��suM.h���lt!P.��f��+s�:...�ar. .. . _ '
<br /> aEreemrnt satisfactory to Lender subordinating the lien to this Security Instrument. If Lender decermines that�ny psn of �
<br /> the Property is subject to a lien which may atiain priority aver this Security I�strument, l.ender may give Borrower a = -
<br /> notice idmtiPying the liea.Borrower shall satisfy the lien or take one or more of the actions set forth above w�ithin 10 days
<br /> of the givina of notice.
<br /> S. Harard Imunace. 8orrower shall keep the improvements now existing or hereaRer erected on the Property
<br /> insured against loss by fire,hazards included within the term"extended coverage"and any other hazards for which Lender
<br /> rcquires insurance. This insurance shall be maintained in the amounts and far the periods that Lender requires. The
<br /> � insurance carrier providing the insurance shall be chosen by Borrower suhject to Lender's approval which shal! not be
<br /> unrea.sonably withheld.
<br /> � All insurance policies and renewals shaD be acceptable to Lender and shaU include a standard mortgage etause. •,
<br /> I.cnder shaQ have the right to hold the policics and renewals. IP Lender requires. Borrower shall prvmptly give to Lender
<br /> al1 rxeipts of paid premiums and renewal notices.ln the event of loss,Barrower shall give prompt notice to the insuraRCe
<br /> carrier and l.ender.I.ender cteay make proof of'loss if noe made promptly by Borrawer. �
<br /> Unless Lender and Barrower otherwise agree in writing,insurancc proceeds shall be applied to r�storation or repair
<br /> of the Property damaged,if the restoration or repair is economically feasible and Lender's security is not lessened. If the
<br /> rcstoration or repair is not economically fcasible or Lender's security would be lessened, the insurence proceeds shall be
<br /> applied to the sums secureci by this Sec�rity Instrument,whether or not then due, with any excess paid to Borroa•er. IP
<br /> Borrower abandons the Property.or does not answ•er within 30 days a notice frain Lender that the insurance carrier hus
<br /> offerod to settle a claim,then I.ender may collect the insurance proceeds. L.ender may use the proceeds to repair or restore
<br /> the Property or to pay sums secured by this Security lnstrument, whether or not then due. The 30-day period will begin
<br /> when the notice is given.
<br /> Unless i.endet and Borrower otherwise agree in writing,any applicatinn of pra:eeds tn principal shall not extend or
<br /> postpnne the due date of the monthly payments referred ta in paragraphs 1 and 2 or change the amount of't he payments.If
<br /> under paragra�+h 19[he Pror+ecty isacqttired by L�nder. Honower's righs to an}insurance po]icie�and prc+ceeds resuhing
<br /> from aamagr to Ehe Property prior to the acquisition shall pass to l.ender to the eatent of the sums secured by this Secueity
<br /> Instrument imrr�ediately prior to the acquisition.
<br /> 6. Prtservation and M�Intenancx of Property:Leaseholds. B�rrower shall not destroy,damage ar substant�ally
<br /> ehange the Property, allow the Property to deteriarate or comm�t waste. If th�s Secunty Instrument is on a leasehold,
<br /> ..—_ Borrower shal)camply with nhe prnvis�ons of'the lease,auid if Borrower acquires fee title to the Propcny,the leaseh�ld and , --�-__
<br /> fce title shap not merge unlas Lender agrees to the merger in writmg. �
<br /> 7. Protection of Lender's Rights in the Property; 1lorig�ge Insurance. If Bnrrower fa�ls to perform the
<br /> _ eovenants and agreements contained in this Security lnstrument,uc ahere�s a Iegal proceed�nR that may si�mficantly atieci
<br /> Lender's rights in the Proprrty (such a� a proceeding �n bankru�tcy, probate. for cnndemnation c�r to enforce law� or
<br /> rega�tations),then l,ender rn�g do and pay for whate��er�s necescary to pr��tc�ct aFre�alur of the F'roperty�.�n.; Lender'�nghts
<br /> in the Praperty. l.ender's act��ns may include paying any sums serureci hy a hen ��htch ha+ pn�nty a�er this Sccunry wt
<br /> � Instrument,appeanng tn court,paying reationable attorncys'fee4 ar�d entenng on the Pro�erty to make reE+a�rs. Alth�:�gh �
<br /> Lender may tske�ction urtder thi�paragraph 7.I.ender does n1�t 6:a�a to do w
<br /> - Any ama:�Mts di�burted by Lcnder under th�s p3ragrarh'tihall t�c��mc additionai debt ol t�arrnHCr �ecured by thi� �:
<br /> Sesc:nty Instrument.t�nlecs Bc�rmwer and Lendet agr�e tn othe�tetms nf Pa}r.�ent,the�e am<�unt��hn1f be�r intere�t from ��
<br /> the d3te of d��burremcnt t+t the Nolc rate and �hati t�e: pay�hl�. adh nrtcre.t. u���n nrti�•c G<<m I cnder Iv g3orm«r� ��
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