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<br /> UNIFORM COVENANTS Bor�ower and Londer covenant and agree As follows
<br /> r f. RaYmsnt at Printlpa!�nd Inl�reEl;Prtpayrn�nl�nd Lat�Chup��. Barrower shalt promptly pay w�en due the t
<br /> . � prtneipal ot and interest on Ihe debt evider�ced hy th�tJpta and any propayment and iete charges due under the Note. I
<br /> �. Fund��orTax�s�nd Irnuranet• Subject to app��caDte law or to n wr�ttt�n rvaiver by Lcndet,Bo+rower shall pay
<br /> to Lende�an the day manthty payments ar�due under the Note,until the Noie is nald�n full,a sum("Funds")equa9 to
<br /> one-tweHth o1; �s) yeeriy lexes and assessments which may attain priarity ovcr this Secunty lnsirument: (t�! yBarty
<br /> � le�whold p�yrt�ents o► ground rents on the Prope�ty, i1 eny; (c) yearly hezard i�aurance premiums:snd (d) yearly
<br /> mortg�ge insuranCe premiums,it any.Thesa items are calted"escrow items".Lender may estimate the Funds due on the
<br /> � basis ot cu�rent data and reasonabte estimates of tuture escrow items
<br /> The Funds shalt be held in an inslitution thedeposits or acco�nts o1 which aro insured or guarAnteed by a tederal or
<br /> ' state agency(including Lender i1 Lender is auch an i�stitution).Lender shall epply the Fur�ds to pay the escrow items.
<br /> , Lender may not chArge for hold3ng and applying the Funds,anatyzing the account or verilying the escrow items,unless
<br /> Lender pays Borrower interest on the Funds and applicabte law permits Lender to make such a charge. Bo�rowes and
<br /> � Lender may agree in writing lhat interest shall be paid on the Funds. Unless an agreement is made or applicabte law
<br /> � requirea interest to be paid,Lender sFiall not be►equired to pay 8orrower any interest or earnings oh the Funds.Lander
<br /> . � shall giveto Bor�ower,without charge,an annual accounting o11he Funds showing creditsand debitsto the Fu�dsa��the
<br /> � purpose ior which each debit to the Funds was made.The Funds are pledgsd as add�t�onal security for 4he sums secu�ed
<br /> , by the Security Ir�strument_
<br /> N thedmv�a:ctthe Funds held by Le�dEr,togetherw�th the future mo�thly payments df Fu�dspayable prior to the
<br /> ' due datesof the escrow items,s►�all exceed the amount required to pay the escrow�tems when d�e,the excess shall be,at
<br /> � Borr��rePS opt�on,either promrUy repaid to Borrower or cred�ted to Borrower Qr+ ^�onthly payments ot Funds. If the
<br /> ; amount o1 the Funas Ae!d by Lender is not sulficient to Ray e`�e escrow�tems whe��1��e.Borrowe►shall pay to Lender any
<br /> � � amuunl neces�ar�s t�make up the defic�ency in on�or ma:e paymencs as req�nre�by Lender.
<br /> � Upon payment in tullot'�"f sums secured byth�s Sec�sr�ty Instrument.Lender shall promptly refundto Borrower any
<br /> FuRd�he;d by lende�.lf under�aragraph 19 the Propert�os sold o�acqwred by le:�der,lender s'�allapply,no tater than
<br /> immediately prior to the sate ot the Property or its aCqu�s�t�on by Lender, any Funds held by Lender at the time Of
<br /> i application as a credit against the sums secured by this Secunty Instrument
<br /> j 3. Application o1 P�ym�nts. Unless applicabte law prov�des otherw�se,all payments rece�ved by lender under 1
<br /> f pa�agraphs t and 2 shall be applied 1i�st,to late charges due under the Note.second,to prepayment charges due under
<br /> � tlte Note;third.to amounts payabte under paragraph 2,fourth,to �nterest due.and last,to pnnc�pal due
<br /> �1. Chuy�s:Ll�ns. 8orrower shall pay all taxes.assessments,charges.f�nesand�mpos�tions attributab�e to the
<br /> ptoperty which may attain pnority over th�s Secur�ty Instrument. and leasehold payrtients or ground rents. it any .,
<br /> Borrower shall pay these obf�gations in the manner prov�ded m paragraph 2,or�f not pa�d in that manner,8ordbwef shall i ,
<br /> ' paytnemontimeairectiytvtiieperyv+�vwa�Nuy��}e�;: u6fivwi:T;,l::I�Z�COiT1�2t,tu:R��ht��Q►+der3ltr.c!�cescl8mn���t�tn . --
<br /> __ no naid nnder th�s naraaraph. I1 Borrower makes these payments d�rectly. Borrower shal! promptly furn�sh to Lender r
<br /> � receipts evidencing the payments � _-
<br /> � Borrower shall pramptly d�scharge any hen wh�ch has pnor�ty over th�s Secunty Instrument unless 8orrower: (a) _-
<br /> ; agrees in writ�ng to the payment of the obligat�on secured by Ihe I�en�n a manner aCCeptable to Lender. (b)contests in
<br /> ; good laith the lien by,or detends aga�nst enforcement of the I�en�n,Iegal proceed�ngs wh�ch �n the L�nder's opinion
<br /> operate to prevent theenforcement of the I�en or torfe�ture of any part of the Property,or�c1 secu�eslrom the holder of the
<br /> IienanagreemenlsatisfaCtorytoLendersubordmat�ngthe�ientoth�sSeCUntylnstrument IfLenderdetermmesthatany
<br /> pa►t o1 the Property is subject to a I�en wh�ch may atta�n pr�or�ty over th�s Secur�ty Instrument.Lender�nay g�ve Borrower a
<br /> notice identifying the t�en 8orrower shall sat�st,r the lien or take one or r�to�e of the act�ons set torth abovew�thm 10 days o1
<br /> � the giving of notice.
<br /> 5. HaxardtnsutsnCe. Borrower sha11 keep the�mprovements now ex�st�ng or hereafter erected on the Property
<br /> insured against loss by fue,hazards �ncluded w�th►n the tenn °extended co�esage'� and any other hazards for wh�ch
<br /> � Le�der�equires insurance.This msurance shall be mamta�ned�n the amounts a�d for the penodsthat Lender requires.
<br /> ! The insurance carrier prov�d�ng the�nsurance shall be chosen by Borrower subject to Le�de�s approvai wh�ch shall not be
<br /> � unreasonabty w�thheld. ''�'
<br /> All �nsuranCe policies and renewals shal!be acceptable to Lender and s�a'� �nclude a standard mortgage clause.
<br /> Lendershatlhavetherighttoholdthepol�c�esandrenewals ifLenderrequ�res.Eor►owershauprompt�yg�vetoLenderall '.:�;
<br /> receipts of pa�d premiums and renewal not�ces In the event ot loss.Borrov,er shau g�ve prompt nohce to the�nsurance
<br /> � car�ier and Lender.lender may make proot of loss�f not made promptiy by Borrower
<br /> Unless Lender and Borrower otherw�se agree�n wr�hng.msuiance proceeds sha11 be appl�ed to�estorat�on or repa�r
<br /> 01 the Property damaged.if the restorat�on or repair is econom�cally teasibte and Lender's secur�ty�s not lessened if the
<br /> � restoration or repa�r�s�oteCOnom�cally teas�bte or Lender's secur�ty would be tessened.the msurance proceeds shall be
<br /> appt�ed to the s��ms secured by th�s Secur�ty Instrurnent. wi�elher o► not then due. w�th any excess paid to Borrower If
<br /> Bo►rower abandons the Property,or does not answer w�th�n 30 days a not�ce trom Lender that the�nsurance carrier has
<br /> � offered to settte a cla�m,then Lender may c�ltect!ne�nsurance proceeds Lender may use the proceeds to repa�r or restore
<br /> � the Pfoperty or io pey Sums SeCUred by this Secunty in5ir��mertit. wheiis�r or no!lherr due The 30•Qay penpd will begm
<br /> when the noUCe is gwen
<br /> Unless Lender and Borrower otherw�se ag�ee�n wnt�ng.an y appi�cat�on of proceeds to pr�napa t shali not extend or
<br /> FostpOne the due date oi the monthiy payments refer red to m paragraphs 1 and 2 or change the amoun t ot the payments.If
<br /> under paragraph 1g the Property�s acqu�red by Lende►.Borrower s��gnt to any�nsu►ance poi�c�es and proCesds resutt�ng
<br /> }rom damage ta the Property pr�or to the acqu�s�aon srall pass to Le���er to tne e xtent ot the s�,ms secu�ed by th�s Sec���ty
<br /> In�.trument�mmed�atelv pr�ar to the acqu�s�Uon • - --_ -
<br /> 6. Preservatlon srttBlY[ainfensnee o1 P►operty;lessehold�. Borrower s�a�i nol destroy. or dama:,e or substan- .
<br /> t�allychangethePropertp a::owtheProRertytodete.norateorcomm�twaste I}thiSS@CUntylr$t�umen: scnafeasPho'tl. •
<br /> Bot�Ow6r 5�811 Comply'�vith the prOViSiorS ot 1h�lea5e.end i1 BOrr���ier aCqu�reS fCe tdie to tr�P�oUerty.�^e leaseno�d z�d
<br /> fee t�ti�sha11 not merge urtess Lencser ag�ees to tt�e merger�n v.��t.^g . !
<br /> T. Protectionotlender'sRi�htsintheProReHy;Mo►tgagelnsurance. .'9o�rowertanstoperto�mtnecoyenants
<br /> and agreements contamed�n th�s Secunty lnstrument.or there�s a�eg3��rocee-]�rg that may s�g n�fir.antly aftect Le�de��s
<br /> ` r�t,Pubs�n the PrOpo►ty(SUCh as a proceed�ng in banksuplCy.probate for Conder~na:ion oi toBnf O�Ce�.3ws Gr regul�tiOns)
<br /> ��� then Lender may do and pay 1or whatever �s necess��ry to protecr the value of the P+operty arid Lender s ngnts �n the
<br /> Property Lenders ifCftOnS may �nclude pdying �lny SUmS S@fU�fd by d ��Fn .vhiGh n,�5 p�`Uh1y OvE•t th�5 S@GU�dy '
<br /> Instrument.appEranng�ncourt pay�ngredsonable�ttorne•ysteesandent�r�r,p�nthh�'rOpH((y'nm�k(•r�•p�irg Alfhpu9h �
<br /> Lende�rn8y t�ke a�t�On undBr tn�s paragrapn 7 �ender does�ot ha�e tc�do sc�
<br /> Any 7mounlSd�shursE�d by Lender undCr 1hi5 pertgr��ih 7 Shall bec.vmn�+Od�? b�,a��1t•ht c�' 8tn,:.,vr•ti�•c u�c�tl hv tn�ti ;�
<br /> SP.�un1y1n5trUmtml 1,1n1eS5�OrrUwPrandl�ndprJ��E�E'tQbiht�r.(�imgnfpd�mr•r�l thi•Se•�rrU„ '.gn.<'�h£•.i•�rTrrt•S!t�Um
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