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<br />UNIFORM COVENANTS Borrower and Lender covenant and agree as follows: 89.. 100 ,021
<br />1. Payment of Principal and interest; Prepayment and Late CharRcs. Borrower shall promptly pay when due
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender. Borrower shall pay
<br />F("'� to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a suns ("Funds") equal to
<br />one-twelfth of: (a) yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly
<br />leasehold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums, and (d) yearly
<br />mortgage insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the
<br />basis of current data and reasonable estimates of future escrow items.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br />Leader may agree iii writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br />requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender. together with the future monthly payments of Funds payable prior to
<br />the due dates of the escrow items, shall exceed the amount required to pay the escrow items when due, the excess shall be,
<br />at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />amount of.the Funds held by Lender is not sufficient to pay the escrow iterns w ben due, Borrower shall pay to Lender an3�,
<br />amount necessary to make up the deficiency in one or more pay tnents.,as required by Lender.
<br />Upon payment in full of all sums secured by this Security Instrument, lender shall promptly refund to Borrower
<br />any Funds held by Lender. If under paragraph 19 the Property is sold or acquimil by Lender. Lender shall apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs 1 and 2 shall be applied: first, to late charges due under the Note; second, to prepayment charges due under the
<br />Note;, third, to amounts payable under paragraph 2; fourth, to interest due-, and fast, to principal due.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges fines and impositions attributable to the
<br />FropcKyr which: may attain priority.over this Security Instrument. and leasehold payments or ground rents, if any.
<br />Hoimwer shall. pay these obligations in the manner provided in paragraph 2. or if not paid in that manner, Borrower shall
<br />pay them on time directly to the person owed payment. Borrower shah promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments.
<br />„owe,-s,11ai• piv,tipuy d6uhar8o any lien which has priority over this Security instrument unless Borrower. (a)
<br />_agrees in writing to -the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good
<br />faith the lien by, on defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any part of the Property; or (c) secures from the holder of the lien an
<br />agreement satisfactory to lender subordinating the lien to this Security Instnzzxtent. If Lender determines that any part of
<br />the lrmperty is subject to a lien which may attain priority over this Security Ta�trument, Lender may give Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br />of the giving of notice::
<br />S. Hazard. Insurance. ::( yr cssi -t¢ shall keep nine improvements now existing or hereafter erected on the Property
<br />insured against losc..by fire, hazartis,included within the term "extended coverage" and any other hazards for which Lender
<br />requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The
<br />insurance
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<br />carrier: providing the insurance.shall be chosen by Borrower subject to Lenders approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and rencvi'ls shall be acceptable to Lender and shall include a standard mortgage clause.
<br />Lender shall have the right to hold the elicies and reavai-&is„ Ltfi Lender requires, Borrower shall promptly give to Lender
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<br />aRrece:ipis of paid premiums and renewal notices. Ih tli�eeverit of loss, Borrowershall give prompt notice to the insurance
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<br />carrier and Lender. Lender may make proofof loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or relsair
<br />of the Property damaged, if the restoration or repair is economically feasible and Lender's security is not lessened. If the
<br />restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be
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<br />applied to the sums secured by this Security Instrumms, whether or not then due. with any excess paid to Borrower-1S.
<br />Borrower abandons the Property, or does not answer within 30 days a notice from Lender that the insurance carrier:lii..s
<br />offered to settle a claim, then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore
<br />the Property or to pay sutras secured by this Security instrument, whether or not then due. The 30 -day, period will begin
<br />where the notice is given.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal sltall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments. If
<br />under paragraph 19 the Property is acquired by Lender. Borrower's right to any insurance policies and proceeds resulting
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security
<br />instrument immediately prior to the acquisition.
<br />6. Preservation and Maintenance of Property; Leaseholds. Borrower shall not destroy, damage or substantially
<br />change the Property. allow the Property to deteriorate or commit waste. If this Security Instrument is on a leasehold,
<br />Borrower shall comply with the provisions of the lease, and if Borrower acquires fee title to the Property, the leasehold and
<br />fee title shall not merge unless Lender agrees to the merger in writing.
<br />7. Protection of Lender's Rights in the Property; Mortgage insurance. if Borrower fails to perform the
<br />covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly aH'ect
<br />Lender's rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws or
<br />regulations), then Lender do for
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<br />may and pay whatever is necessary to protect the value of the Property and Lender's rights
<br />in the Property. Lender's actions may include paying any sums secured by a lien which has priority over this Security
<br />Instrument, appearing in court, paying reasonable attorneys' fees and entering on the Property to make repairs. Although
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<br />Leader may take action under this paragraph 7. Lender does not have to do so.
<br />Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this
<br />Security Instrument. Unless Borrower and Lender agree to other terms of payment. these amount, shall bear interest from
<br />the date of disburwment at the '.Vote rate and shall he payable. utth interest, ul-on nonce from I ender to Borrower
<br />requeoing
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<br />payment
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