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<br /> � �
<br /> � 90-- �04�Ofi
<br /> � UNIFORIN COVENANTS. 8arrdwer and Lende�covenanl and agree as tollows:
<br /> t. Payn�nt o1 P�ineipal�ed InNr�sh.Prtpay�M�hd Lat�Cha�p��. 8orrowor shall promptly pay when duethe
<br /> � p:i�cipal of antl interest on the deb!evitlenced by t�e Note and any prepayment and tate charges due unde►the Note.
<br /> 2. Fund�IOrTaxM�nd Inw�N�C�. Subject to appticabte law or to a writt�n walver by Lender.Borrower shall pay
<br /> to Lende�vu�the day monthly payments are due under the Note,until the Note is paid in full,a sum("Funda")equal to
<br /> one-twelith a1; (�) yeariy taxes and assessme�ts whiCh may attain priority over this Security Instrument; (b)�yea�ly
<br /> IMNMoId paymenh or pround renta on ths P►operty, if any: (c) yesriy hazard In�u�ance p�emiums:and{d)yea�ly
<br /> mo�tg�ge Insurance premiurns,if any.7hase itams are called"escrow items".Lender may estimate lhe Funds dueon the
<br /> . i busi�ot Cur�ent datr and re�sonable estimates o1 future escrow itema.
<br /> ' TheFunda shall tse hetd in an institution the deposits or accounts ot which are insured or guaranteed by afede�al or
<br /> � state agency (Includirtg Le�der if Lender is such an institution). Lender shall apply the Funds to pay the escrow ltems.
<br /> Le�der may not charge lor holding and applying the Funds,analyzing the accou�t or veritying the eserow items,unless
<br /> : Lender pays Bo►rower lnterest on t�e Funds and applicable law permits Lender to make such a charge.8orrowe�and
<br /> Lender may agree in wrliing that interest shall be paid on the Funds. Untess�n agreement is made or applicabte law
<br /> requires interest to be paid.'Lender shall not be required to pay Borrower any interest or earnings on the Funds.Lender
<br /> sAall yivefo Bor�ower,without cha�ge,a�annual accounting ot the Funds showing creditsand debitsto the Funds and the
<br /> pu�pose for whlch eaCh debit to the Fund�was made.The Funds are pledged as additianal security for the sums secured
<br /> • by the Security Instrument. �
<br /> If thH 8m0unt of the Funds held bv Lender,toqether with the f uture moMhly naymwnts ot Fun�±s��,Ablo pr}orlo thc - - -
<br /> due dates of the escrow items,shall exceed the amaunt required to pay the escrow items when due,the excess shall be,at
<br /> `� 8orrower's option,either promptly repa�d to Borrower or credited to Borrower on monthly payments ot Funds.If the
<br /> t amount ot Ihe funds held by Le�der is not sutlic�enl to pay the escrow items when que,8orrower shall pay to Lender any
<br /> , amount necessary to make up the deliciency in one or more payments as required by Lender.
<br /> Upon payment in full of all sums secu►ed by this Security Instrument.Lender shall promptty�efund to BorroweraRy
<br /> Funds hetd by Lender.lf under paragraph t9 the Property�s sold or acquired by Lender,Lender shall appty,nolate�thav�
<br /> immediately prior to the sale of the Property ar its acquisition by Lender, any Funds hetd by Lender at the time of
<br /> . application as a credit againSt the sums secured by this Secu►�ty Instrument
<br /> i 3. AppUeafion of PsYments. Unless appl�cable law prov�des otherw�se,all payments rece�ved by Lender under
<br /> ' paragraphs 1 and�shall be appl�ed�tirst.to late charges due under the Note:second,to prepayment charges due under �
<br /> the Nofe;third,to amounts payabte under paragraph 2. Iourth, to interest due:and lasi,to pr�ncipa�due. • �.
<br /> �. Chu�s;Ll�nt. Borrower shall pay all taxes.assessments.charges,f�nes and impos�tions att�ibutabteto the
<br /> Property which may attain pnor�ty over this Secuntv Inslrument_ and teasehold naymentc �r ��n���� ra�*s_ �} A��_ _.,_. _— ___ _- :
<br /> Borrower shall pay these obhgations in the manner prov�ded�n paragraph 2.or�f not pa�d�n that manner,8o�rower shaH
<br /> pay them on time directly to the person owed payment.Borrower sha11 prpmptly furn�sh to Lender all not�ces of amounts to
<br /> � be p�id under this pa►agraph. N Borrower makes these payments d+rectly, Borrower shall �rc�'^.ptly lurmsh to Lender
<br /> rece�pts evidenc�ng the payments -
<br /> 8orrower shall promptly d�scharge any lien wh�ch has nnonty over th�s Secunty Instrument un�ess @orrower.(a) '
<br /> egrees in writing to the payment of the obl�galion secured by the lien�n a manner acceptable to Lender;(b)contests in
<br /> . good faith the lien by,or defends against enforcement ot the lien in, legal proceedings wh:ch m the Lender's opiman
<br /> operate to prevent iheenforCement of the Ifen or fprfe�ture ot any part of the Property.o►(c)secures trom the holderof the
<br /> lien an agreement satisfactory to Lender subord�nat�ng the i�en to th�s Secur�ty Instrument tt Lender determines that any
<br /> • partotthePropertyissubjecttoal�enwh�chmayattam�r�or�tyoverth�sSecur�tylnstrument.LendermaygiveBorrowera "
<br /> notiCe identifying the lien.Borrower shall sat�sly the iien ar take one or more of the actians set fo+th above with�n 10 days of ;�,
<br /> - ! the giving o1 notice. �
<br /> S. Hazard tnsursnee. Borrower shali keep the�mprovements now ex�st�ng or hereafter erected on the Property+
<br /> insured against loss by i�re, hazards�ncluded withm the term ��extended coverage�'and any other hazards for which
<br /> Lertdeerequires insurance. Thfs�nsurance shall be ma�nta�ned�n the amounts and tor the penods that l.erder requ�res. .
<br /> � Theirtsu�anCecarrierprovidingihe�nsuranceshallbechosenbyBorro�versub�ecttolender'sapprovalwa�chshatlnotCe � ��
<br /> unreasonably w�thheld.
<br /> Atl insurance pol�cies and renewats shall be acceptabie to Lender and shall�nclude a standard mortgage clause , �-
<br /> Lendershallhavetheri�httoholdthepol,c�esandrenewals HLenderrequ�res.BorrowershatlprompllygrvetoLenderaU �
<br /> , rece�pts of paid premwms and renewal not�ces. In the event of ioss.Borrower shall g�ve prompt ootice to the insurancp �
<br /> car�ier and Lender. Lender may make proof o}loss d r�ot made promptly by Bo►rower �---
<br /> Unless Lender and Bo+rower otherw�se agree m wr�tmg.,nsura nce proceeds shali be appt�ed to restoraUUn or repair
<br /> oi the Property damaged,d the restcrat�on or repa�r�s econom�cally feas�bte and Lende►'s secur�ty�s not lessened ff the
<br /> restorat�onor�epa�r,s noteconom�cally feasibfe�r�ender s secu��ty would Delessened.thN���sur�„ce praceedsshatf be
<br /> appt�eti io tiie sums seCUred by th�s SeCUnty Instrument.whether or not lhen due.w�th any excesS pa�d to Borrower It
<br /> Borrower abandons the Property, or does not answer w�th�n 30 days a not�ce from Lender that the�nsu►anCe Carr�er has
<br /> � o}t@red to settlea C�aim,then Lender m�y collect lhe insurance proceeds Lender m8y us�the proceeds to repair or restore
<br /> the Property or to pay sums secured by lh�s Secur�ty Instrument.whe:ner or not tr,en due The 30•day per�od w�It beg�n
<br /> when the not�ce�s g�ven
<br /> Untess Lender and 8o►rower atherw�se agree m wnUng.any;ippl�c�t�or�of proceecls to pnnc�pal shall not exter.d or
<br /> postponetheduedateofthemonthlypaymentsreferredto�nparagrapns�and2arcnar�getneamountofttiepayments If
<br /> unlfer pa►agraph 191he Properly�s acqu�red by Lender.Borrower s r�ght tv any�nsurance pUl�c�es antl proceeds result�ng
<br /> from damage to Ihe Prpperty pnor to tne acqws�t�on shait pass to Lender to tnP extent of tne sum5 secured by th�sSecur�ty =`_ _—"-
<br /> Instrument�mmed�ately p��or to the acqu�s�t+on �
<br /> 6. Preservslion artd Malntenance o1 Property;leasehnlds. Bo�rower Snaii not aesrroy �r damage or substan-
<br /> t�allyChangeth�r�roperty.allowthePropertytodeter�orateorcomrt��2wastF IfIh�SSec.ur,tylnsirument-sonaieaseholtl.
<br /> Borrower shatl comply wdh the prov�s�ons ot!he iease.and�f Borrower acqu�res fec•t�tie to tne Pro��erty.tn�ieasehc,id and
<br /> !ee Utle shaU not rnerge unle55 Lender 8grees to the merg@r�n v,r�img
<br /> 7. ProtecNonofLendar'sHightsintheProperSy;Mortgegelnsutence. ItBorrov,4.rlti��stvpertormtne��,E�nants �
<br /> L andagreementsconta�ned�nln�sSecuntylnstrument.orthere�salega�proceed��gthatma�;�yn�t���-�ntiya��e;.tLt•n�e�s I
<br /> nghts m theProperty�such asaproCeed�ng in bankruptCy.pro5ate.+or condemnat�on ur to en}O�CE�dtivS u��trcaui�t�o��s�
<br /> then Lender may do and pay for v.hatever �s necessary to p�btEtt tnE•va�uE�et tnf�Propc�rty a�d Lf•�;it r 5 r..�r�tti �n �r�,
<br /> PrOp@rty Lender 5 �Ct�OnS may �nCtude pdy�ny any suR�s seCUre� by ;+ �•tn ,•.nit�� h��5 nr� ir��� n,� r r�,�� S�•�,,:,�y r`
<br /> Instrument.a�peanngmtourt pay�nqre�isUn�ble�it;(,<<�F���. tt�f•�3r�df•�,t�•r�r, �,�, � �„
<br />. lJ,n�1 ( r��(:.�,;, . r�,:q:,....�„�„c. ,1�t• u�::�Y� ��
<br /> lQndEr rn�y t�tkC�iChO� undt'�1hiS pdrl4rdph 7 �E'rt(1C�t]uPti n-,•n,���. ,,,,1�� :.-� �
<br /> Any�lmvunts d�Sh�rSPd t�y L�•nder�indrr lrus��;udc;r������'<,r�,�n t.�•i :�� � :��,',� , , ��•�, r � �f� •, ... � • - . .�r ,•• � '
<br /> SGCitrilV<<�5lrumf•+�t [lnlE�SS Fi�.�ric��•rt•�d�tlLE�i�d��•A;ar�•t�l�.�.t�,t.r•..•r��:�ti.�� ,�" • '•`• .. :„ ,. � , � � � . , �
<br /> thC d<'liE' crt d�tinutSE�rn(•+�1�it !h(• PJr�t�� rdt�• ,in�� �r.,t:i t[• �,� it � .. � � � , . . . � � '� .
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