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<br />UNIFORM COVENAWS. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shalt promptly, pay when. due
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and late charges date under the. Note. .
<br />L Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender, Borre wer shall pay
<br />to Lender on the day monthly payments are due under the Note, until the Note is paid in full. a sum ( "FundW') egg at. to .
<br />one - twelfth of: (a) yearly taxes and assessments which may attain priority over this Security Instrument; (b,� ..,Carly
<br />leasehold payments or ground rents on the Property, if any; (c) yearly hazard .insurance premiums; and (1),S.oarly
<br />mortgage insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds due an ;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 guaraniced 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 />Lender may agree in 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 Fund;. Lender
<br />shall give to Borrower. without charge, an annual accounting of the Funds showing credits and debits to the Fund; and thy'.
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums sect. -W 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 erdred the amount required to pay the: escrow items when due, the excess shall be,
<br />at Borrower's option, either promptly tepid to Borrower or credited to Borer wer on monthly payments of Funds.; It'tbe
<br />amount of tGte.Ftands.held by Lender is, tacit sufficient to pay the escrow items w lien due, Borrower shall pay to Leiidt*.r any.
<br />amount nem -%Uy to makeup thedeftcicncy in one or more payments as required by Lender.
<br />Upon payment iii: full of all sums secured by this Security Instrumearr, Lender shall promptly refund to Scrrower
<br />any funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender, Lender shalt apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by Lerrdtcr.at t1;. 1- Me of
<br />application as a credit against the surds secured by this Security Instrument.
<br />3. Application of Payments. Unless applicable law provides otherwise, al& payments rece%led:,�i Leader under
<br />paragraphs 1 and 2 shall be applied: first, to late charges due under the Note; second, to prepayment Lt4 w-jpe� dive under the
<br />Note; third. to amounts payable under paragraph, Z: fourth, to interest due; and last, to principal du:.'
<br />4. Charges; Liens. Borrower shall pay all• taxes, assessments, charges, Rites and the
<br />F)r,-perty which may attain priority aver this Security Instrument, and leasehold payments_or :tarsi :r ;t ;, if any.
<br />Borrower shall pay these obligations iia the manr;rr provided in paragraph 2, or if not paid in that nranntx; fcrrx,•cer shall
<br />pag•t'hem on time directly'rn the person owed: oyrrihnt. Borrower shall promptly furnish. to Lender OR rr.otices aramounts
<br />to @r. paid under this Farsagraph. If Borrower aialrmi taeee payments dimaly, Borrower shali promptly furnish to Lender
<br />re ei-L'3ts evidwei,ng the payments.
<br />Bore wer shall promptly disafma a any lien which has prioriey c v ibis Security I,tntrument unless Borrower: (a)
<br />agrees in writing Lathe payment of therslrligation secured by the lien ina meaner acceptable to Lender; (b) contests in good
<br />faith the lien by, ckda, ads against enforcement of the lien in, legal Freceedxngs which in the Lender's opinion operate to
<br />prevent the enfcrcar; -mr of the lien or forfeiture of any pan of the Property; cr (c) secures from the bolder of the lien an
<br />agreement sathsfkmaq, wi. Lender st;bcrdinating the lien to this Security Lasirument. If Lender determines that any part of
<br />the Property is subject to alien which may attain priority over this Security Instrument, 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 lnsuranee. Borrower shall keels the improvements now existing or hereafter enx.ted on the Property
<br />inured against loss by fire, hazards included within the term "extended cmertrge" and any othe.; h anyrus for which Lender
<br />requires insurance. This insurance shall be maintained in the amounts and for the he ied3.t,h:a; lender requires. The
<br />insurance carrier providing the ins:: mce shall be chosen by Borrower subject to Lec;der<,4 zppzoval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and reinva -Z''s- ghfl1 be acceptable to Lender and shall inchi de a. rt:ztaiard mortgage clause.
<br />&r_•nder shall have the right. to Bold, tbe, pd.w' ies and renewals. if Lender requires. Borro+z ,-.r:Q1 4J .prijrrptly give to Lender
<br />all receipts of paid premiums zr+d rer mut. notices. In the event of loss. Borrower shall gic c promp.t notice to the insurance
<br />carrier and Under. Lender may mane proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing: insurance proceeds shall be applied tr, restoration or repair
<br />of the Property damaged, if the restoration or repair is economically feasible and Lender's security not lessened. If the
<br />restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be
<br />applied to the sums secured by this. Security Instrument, whether or not then due, with any excess paid to lierrower. If
<br />Borrower .ibandons the Property; or dims not answer within 30 days a notice from Leader that the insura�rce worrier has
<br />offered to sidle a claim, then Lender may collect the insurance proceeds. Lender may tat+ f 1• e procmds to repatr.or restore
<br />the Property or to pay sums secured by this Security Instrument, whether or not then due. The 24AL:s period H iil begin
<br />when the notice is givetl.
<br />Unless Lender and - Borrower. otherwise agree in writing. any application ofpro4vaeds to principal shall nct ci,(end or
<br />postpone the due dot e of the monthly payments referred to in paragraphs I a--4 4 or ci'%wS;4 the amount of the p;aN ma:nts. if
<br />under paragraph 19 the Property is acquired by Lender. Borrower's right to any insurance polictesz m.4 proceeds resulting
<br />from damage to the Property prior to the acquisition shall pass to Lender to e1:e extent of the sums a =ured by this Security
<br />Instrument immediateiy prior to the acquisition.
<br />6. Preservation and Maintenance of Property; Leaseholds. Borrower shall not destroy, d111r1lx c; .Ajb, i:antially
<br />change the Property. allow the Property to deteriorate or commit waste. if this Security instrument ty on a. le, ;ehold.
<br />Borrower shall comply with the provisions of the lease, and if Borrower acquires fee title to the Property. the lez chold and
<br />fee title shall not merge unless Lender agrees to We 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 prtweeding that may significantly affect
<br />Lcnder's rights in the Property (such as a pimccding its Iranktuptcy. probate. for condemnation or to enforce laws or
<br />regulations), then Lender may do and pay for whatever is neceswry to protect the value of the Property and Lender'!. rights
<br />in the Property. Lender's actions may include paying any sums secured by a lien which has prronty otter this Security
<br />Instrument, appearing in court, paying reasonable attorneys•' fees and entering on the Property to make repairs. Although
<br />Lender may take action under this paragraph 7. Lender does not have todo so.
<br />Any amounts disbursed by lender under this paragraph 7 shall become additional debt (if Herrower "ecured by this
<br />Security instrument Unless Borrower and Lender agree to other tcrm%of pa.ment. thew amount; shall bear interest form
<br />the date of disbursement at the Norte rate and shall he pa %ar:de. with ,ntere4t, upon nott,:e from Lender tee llorrot%vr
<br />rrqueming paytnent
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