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<br /> UNiFaRM CoVENAis;�. Bar[uwci iu�;L�,ider COVlnju,i x.tci agree�follaws:
<br /> 1. I'iy�at of Priaci/al�t LtKa�PireMy�t�ad Late C1ur�o. Borrower shall promptly pay whcn duc
<br /> the princip�!of a�ci�nterat an the deht evi�e�ced by the N�te and Any prepayme�t ond IAte charges due under the Note.
<br /> �. FMMr[�or'I'a�ta a�i I�arasce. Sudject to�pplicabfe!aw or to+�written waever by l.cndcr,BorraK•er shalt p�y
<br /> � ta I.ender an the day monthiy p�ymenis art due under the Note,until the Nate is paid in fup.a sum("Funds")equal to
<br /> one-tMetRh afi (�) ycarlp tua and at+essments whtch m�y attain prIority over this 5ecurity lnstrumcnt; (b��eirly
<br /> leueholci payments or �round rent� on the Pto�erty. if�n;r; (r) yearly h��ard insu�ance premiums; and (d) year�y
<br /> mortp�InsuriulCt pre�rtiums,if ony.ThlSC ItM19�I[C G�ICd"escrow items."Lender may estimate the F'unds due on the
<br /> 6ssis d'eurnnt d�t�and raaon�bk atimatd atii�tun escrow items.
<br /> Tlte Funds�hall be heW i�an institution the ckpoaits or taounts of which ue insurec#or guaranterd by:feden!or
<br /> ttate a�eacy(includin� L�ender if L.ender i�auch an institution).Lender shall apply the Funds ta pay the escrow items.
<br /> ' L�nder may not cluir�e tor holdina and applyina the Funds�analyzing the account or verifying the oscrow iten�s,unless
<br /> Ltnder p�ys Borrower intercst an the Funds and applicable law permits Lend� to di'�ke such a charge. Borrower and
<br /> I�ender may aaree in w►ritin� that intere�t shsll be p�id on the Funda. Unkss an agrament is made or spplicable law
<br /> ; reqnires interat to be paid,I.c�nder shall not be required to psy BorroNer any interest or eamings on the Funds.L.ender
<br /> slull�ivo to BoRO�rer.writhout chu�t,an annual�ocount3ng of the Funds showina credits�nd debits to the Funds and the
<br /> ' purpc�e tor rvhich e�ch debit to the Funds Mu made.The Funds ue pledged as ulditional security for the sums secured by
<br /> � tlu�Security Inurument. ,
<br /> If the amount of thc Funds heW by Lender.toaeth�r with the thture monthly paymenta oP Funds payable prior to
<br /> the due data of the escrow item�,�hall excad the unount requirod to psy the escrow items when due,the eacess shall be,
<br /> � at Horro�ret's option�either promptly repdd to Horrower or crodited to BorroMer on monthly paymGnts of Funds. If the
<br /> amount of ihe Funds held by Lender is not sulHcirnt to p�y the escroM items when due,Borrower shall pay to Lender any '
<br /> • amount n��ssary to malce up the deAciency in one or more payments�s required by Lender.
<br /> Upon payment in fuU of all sumi secured by this Security Instrument�Lrnder shall promptly refund ta BorraMrer
<br /> any Funds held by Lend�r.If under pangraph 19 the Ptoperty is sold or acquired by Lender�Lender shall apply.na later
<br /> than immediitely prior to the stte of the Property or it+acquisition by Lcnder.any Funds held by I.ender at thc time of
<br /> application as a credit against the sums secured by thi�Socurity ln�trument.
<br /> 3. AMlieado�ot P�ywe�b. Unless applicable law proride�otherwise,all payments received by�.ender under
<br /> paragraphs 1 and 2 shall be�pplied:flrst,to iate charga due under the Note;second,to prepayment charges due under the
<br /> Note;third.to amounts pay�bte under puagraph 2;fourth,to intercst due;and last�to principal due.
<br /> ; 4. Glut�I.kru. Horrower shall pay sll taaes.assessments,chuges, fines:nd impositions attributable t�the
<br /> � Pmperty which msy attain priority over this Security Instrument, and leasehold payments or ground rents, if any. � �
<br /> ; Bort+ower shall pay these obligations in!he manner pruvided in paragraph 2,or if not paid in that manner,Borrower sh�ll � -
<br /> ; psy thsm on-�iaEe directly to the person owed p�yment.Horrawea�itsll promptly fumish to Lender all notices of acrecrunts
<br /> � to be paid unc�er this paragr�ph.If BorroMer makes these paymert.ts directly.Bonower shall promptly furnish to Le�der `
<br /> ' ra�eipts evidencing the payments. ; ..-z
<br /> 9�cro�tr sh�!!g:or.sptl;di��r^e:,ar.y lie.z�hich h«s pria:ity ar;,r this::cu:ity tnstrum.nt un1��r;owcr:(a) _`-'
<br /> agas in writing to the payment of the oGliaation secnred by the tien in a minner ackeptable[o Lender;(b)contests in good c �'=
<br /> _--.- fiith�he lienh�:nr tlrf'Md�s_Pinat rnfi�er� �t nf tlu�M in�1�ow1 �n,r�v_+�i^ob,n,ail�'n„�1 :»�h�i�nt1�r'g�rn,init,��nTMrwt�t� �-�-=�
<br /> � prevrnt the enfan.�ement of the lien or forfeiture of any part of the Property;or(c)secures from thc holder oF the lien an ,= --
<br /> aareemrnt sitisfactary to Lender subardinating the lien to this Security Instrument.If i.ender determines that any part of
<br /> the Property is subject to a lien which msy attein priority aver this Security Instrument, Lender may give Honower a .
<br /> � no[ice identify�n6 tht lien.Borrower shal)satisfy the lien or take one nr more of the actions set forth above within 10 days •�
<br /> of the giving af n�tice.
<br /> S. Hasard I�wraaoe. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br /> insured aaaiast loss by fire.hazuds included within the term'•eatended coverage"and any other hazards for which Lender
<br /> requires insurance. This insterance shill bo maintun�d in the amounts and for the periods that Lender requires. The
<br /> insurance curier pmvidina the insurance shall be chosen by Horrower subject to Lender's approval which shall nqi be
<br /> . unreasonably withheld.
<br /> All insuranee policies and renev►ais shall be aceeptabk ta L.ender and shall include a standard mortgage clause.
<br /> ' � Lettder shall ha��e the right to hold the poficies and renewals. If Lender requires, Borrower shall promptly give to Lec�der
<br /> atE receipu of paid prerniums znd renewal notices.Irn the event of loss,Borrov►er shall give prompt notice to the insurance ��
<br /> � carrier and Lender.Lender may make proof of loss if e�c�t made promptly by Borrawer. ��
<br /> Unfess Lender and Borrowtr otherwise agree in writing,insutance proceeds shall be applied t�restoration or rep�.ir
<br /> � of the Prvperty damaged,if the restoration or repair is xononticatl�•feasible and Ltnder's security is not lessene�t.If the
<br /> restoratian or repair is not ceonomically feasible or Lender's secanty would be lessened,the insurance proceeds shall be
<br /> • a�lied to the sums sccured by this Security Instrument, whether or not thece due.with any excess paid to Borrower. lf
<br /> ; Bomowtr abandons the Property,ar doa not answes within 30 days a notice from Lender that the Easurarice carner has
<br /> ' olf'ered to settle a claim,then Lender may collect the insurance proceeds.I,ender may use the proceecis tcs re�air or restore
<br /> . , the Property or to pay sums secured byr this Socurity Tnstrument,whether or not then due. The 30-day period R ftl hegin
<br /> when the notice is givsn.
<br /> � Unless Lender and Borrower oti�erwise agree ia writing,any application of proceeds to principal sl�all not extend or
<br />: : pvistpone ihe dut dAte of the ntonthiy paytnrnLs refesred to in paragraphs 1 and 2 ar change the amuuRt o�the payment�if
<br /> � under pangraph 19 the Proper�y is acquired by Ltnder,Borrower's right to any insurance policiec and proceeds resulting
<br /> from damsge to the Property prior to the acquisition shaU pass to Lendcr to the extent of the sums sccured by this Security
<br /> Instrument immediately prior to the acquisition.
<br /> 6. Praenatlon and Mainte�anee otPro�erty;Lea�ehol�s. Borrawec shall nat destroy,damage or subctant�all��
<br /> change the Propeny,allow the Proj+erty to deteriarate or commit K•aste. if this Secunty Instrument is on a leasehold, ,-_______
<br /> $orrower shall comply with the Qravisions of'the lea�e,an�i if Rnrrn�ar�r acn���rrc fi�e ritiP r�k�,�Pm�rty.the lease?�al�z.^.� •
<br /> fee title shall not merge unless I.endec agras to the merger in wnting.
<br /> 7. Protectioe of I.ender`s Rights fn tLe Property; ltortgage fnsunnce. If Borroa•er fails to perform the
<br /> eovenants and agreements contained in this Security instrument,or there ss a legal proceed�ng Ihat may�s�gn�ficantl}•affect
<br /> Lender's rights in the Property (such as a prACeeding in bankruptcy. pr�bate, for condemnal�on or to enfnrcc law ti c�r
<br /> regulations),ther�Lender may do and pay for w�hatever is necessary to protect the�alue of the Property and Lender'c r�ghtc
<br /> ' in the Property. [,ender's actions may include paying any sums set:ured by a L�n ah�Eh has pnnr�ty �»er ih�s �ecur�ty �
<br />. � ' instrument.appeating�n court,paying reasonable attotneys'fees and entenng c�n the Propert} t��make re�air� Althnugli
<br /> Lender may take action unAer this paragraph 7.Lender dacs not hace to d��o
<br /> ° Any amountcd�sbursed by I.ender under this paragraph 7 shall berume addi��onai deht of Bormutr secured hy thi� � t�
<br /> " Seeurity Instrument.l�nless Eic�rrawer and Lender ag�ee to c�ther terrns oi'pa�ment,the,e am«unt�.hall hAar intere�l fr��m �
<br /> • ihe date of d�sbursement at the Note rate and shnl! be payahl�, wtth �nterect, u�+i�n n��u�r L•��m i endcr t�� Fi��rr��wrr . N.
<br /> requesting payment. ,
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