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<br /> UNIFORM CoVENnNTS. IIorrower and Lender co�enant and agrec as Foltoa�s: YO� ��4��9
<br /> 1. Piyment oi Princip�l aad Interest;Prepaymant and Late Cha�ges, Borrawer shall promptl}�pap w•hcn due
<br /> the principal af and interest on the d:bt evidenced by tl�e Notr and uny prep�yment and late charges due under thc Nate.
<br /> . �. �unds to�Tates and Imur�nce. Subjcct tc►applicahte tuw or ta a�vritten waiver t�}Lender,Borroatier�ha11 pay
<br /> to Lender an Ihe day m�nthly payments are due undcr the Nate,until the Nate is paid in Pull.a sum("Funds")equal�a
<br /> � one-twelfth of (a) yearly taxes and assessments which may attain priority aver this Security Insifument; (h? }early
<br /> las-hold p�yments or grouad rents on ihe Property. if Any; (c) yea�ly hAZa�d insurance premiums; and (d) yearly
<br /> � mang�Re insu�ance premiums�if any.Thae iteras are culle�"escrow items."Lender may estimAte the Funds due on thc
<br /> : buis af current da�ta and rexsan�ble estimates of t'uture escrow items.
<br /> Tho 1Funds shall be held in an institution the deposits or accaunts of which are insured or guaranteed by a federal or
<br /> ' stste a�eency(including l.ender if Lender is such an institution). I.ender shall apply the Funds to pay the cscrow�items.
<br /> ' Lender may not eharge for holding and applying the Funds,analyzing the account or verifying the escrow items,unless
<br /> � t Lender pays�orrower interest an the Funds and s�pplicable law permits Lender ta make such a charge. Bonower and
<br /> � Lender may agree in writing that interest shall bc paid on the Funds. Unless an agreement is made ar applicable law
<br /> requires interest to be pa.id,Lender shal) not be requirecl to pay Borrower any interest or earnings on the Funds. Lender
<br /> � ahall give to Barrower,without charge,an annual accaunting of the Funds showing credits and debits to the Funds ared the
<br /> purpase for which each debit to the Funds was made.The Funds are pledged as�dditierr:a!security for the sums secured by
<br /> ; this Securit�r Instrvment.
<br /> If the amount of the Funds held by Lender. together with the future monthly payments of Funds payable priar ta
<br /> � the due dates of the escrow items,shall exceod the amount required to pay the escrow items when due,the excess shall be,
<br /> ; at Bonower's oFtion,eilher promptly regaid to Bonower or credited to Borrower on manthly payments oP Funds. If the
<br /> • emount of the Funds held by L.ender is aot sufficient to pay the escrow items when due,Bonower shall pay to Leceder any
<br /> , arnaun:n.;.,.;,;ary ta m�;�e up i:�2�e��i�;��y i�o;�c u�more paymenis as required by Lender.
<br /> Upon payment in fuU of all sums secured by this Security Instrument.Lender shall promptly refund to Borrower
<br /> any Funds held by Lender.[f under paragraph 19 the Propeny is sold or acyuired by Lender.Lender shall apply,no later
<br /> than immediately prior to the sale of'the Property or its acquisition by I.,ender,any Funds held by Lender at the time of
<br /> application as a credit against the surns secured by this Security lnstrnment.
<br /> 3. ApNcaHon of Paymeets. Unless applicable law p*ovides otherwise,a�t pa►-ments received by Lender under
<br /> paragraphs 1 and 2 shall be applied;first,to late charges due under the Note;second,ta prepayment charges due u::der the
<br /> . Nott;third,to amaunts payable under paragraph 2;fourth,to intcrest due;and last,to principa)due.
<br /> � �. C6araes;Liens. Borrower shall pay all taxes,assessments,charges,fines and impositiens attribuiable ta the
<br /> Property which may attain priority,over this Security Instrument, and leasehold payments or ground rents, iP any.
<br /> ` Bonower shall pay these obligations in the manner provided in paragraph 2,or if not paid in that manner,Borrower shall
<br /> ` pxy them on timc directly to the person owed payment.Bonower shall promptly furnish to Lender all notices of amounts
<br /> ; to be paid under this paragraph.If Borrower makes these payments directly, Bonower shall pramptiv furnish to Lender
<br /> - -, - r�eipisevidencingiirepaymen[s. � � � -r
<br /> Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Barrawer:(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,or defends against enforcement of the lien in,legal proceedings whicfi 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 Gom the holder of the lien an '
<br /> agrcement satisfactory to I.ender subordinating the lien to this Security Instrument. If Lender determines that any part of =
<br /> the Property is subject to a lien which may attain priority over this Security lnstrument. Lender may Lrive Barrower a
<br /> notice identifying the lien. Honower shal)satisfy the lien or sake one or morc of'the actions set forth abuve within 10 days
<br /> of the giving of notice.
<br /> � S. Hazard Insurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br /> � insured against loss by fire,hazards included within the term"extended coverage"and any other hazards for which Lender
<br /> � requires insurance. This insurance sha11 be maintained in the amounts and for the periods that Lender requires. The
<br /> 1 insurance earrier providing the insurance shall be chosen by Borrower subject to Lender's appraval which shall not be
<br /> , unreasonably withheld.
<br /> : All insurance policies and renewals shall be acceptable ta Lender and shall include a standard mortgage clause. `
<br /> � Lender shall have the right to hold the policies and renewals. If Lender requires,Borrower shall promptly give to Lender
<br /> ! all receipts of paid premiums and renewal notices.In the event of loss,Borrower shall give prompt notice to the insurance ,,
<br /> y carrier and Lender.I.ender may make proof of loss if not made promptly by Borrower. �'�•
<br /> � Unless Lender and Borrower othenvise agree in writing.insurance proceeds shall be applied to restoratian or repair
<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 insnrance proceeds sha11 be �
<br /> ' applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. If
<br /> ; B�rrower abandons the Property,or does not answer within 30 days a notice from Lender that the insurance carrier has
<br /> of�'ered to settle a claim,then Lender may collect the insurance proc:eeds. Lender may use the proceeds to repair or restore
<br /> the Fro�erty or to pay sums secured by this Security Instrument, whether or not then due. The 30-day period will begin
<br /> when thc notice is given.
<br /> Unless Lender and Borrower otherwise agree in writing,any application of'proceeds to principal shall not extend or
<br />� � postpone the due date of the monthly payments rcferred to in par�graphs 1 and 2 or change the amount of the payments. If
<br /> ' under paragraph 19 the Property is acquired by I.ender,Borrower's right to any insurance policies and proceec�s resulting
<br /> ' , from damage to the Prnperty prior to the acquisition shall pass to Lender to the extent of the sums secared by this Security
<br /> �nstrument immediately prior to the acquisition.
<br /> 6. Preservation and Maintenance dtProperty;Leaseholds. $orrower shall not dcstroy,damage or substantially
<br /> change the Property, allow the Property to deteriorate vr commit waste. If this Security lnsirument is on a Icasehold,
<br /> Borrower shall comply with the provisions of the lease,anc�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; 1�Iortga�e dnsurance. If Borrower tails to perform the , .
<br /> , eovenants and agreements eontained in this Security Instrument,or there ic a legal proeeeding that may significantly atfi'ect �
<br /> Lender's rights in the Property (such as a prviceedin� in bankruptcy, probale, for condemnation or to enforce taws or ' 1
<br /> regulations),then L,ender may do and pay for whatever is necessary to protect the value of the Pmperty and Lender's rights
<br /> in the Property. Lender's aetians may inelude paying any sums secured by a lien which has pri�rit�• o��er th:ti Security N�
<br /> � Instrument,appearing in court,paying reasonable uttorneys'fees and entering�n the Yroperty to make repairs. Although
<br /> Lender may take action under this paragtaph 7,Lender does not ha�•e to do so. �
<br /> Any amounts dishur�ed hy Lender under this paragraph 7 chall bccome addttio��al debt of Bv��uwrr,ecured by this �
<br /> Security Instrumeni. Unless Borrot�•er and Lender agree to othcr terms of payment,these amrunt�tihall bear intere�t from tD
<br /> the date of disMunement at thc Notc ratc and shall be ray<�b�c. �ti•ith intcrr�t, u�+nn notice frc.m I.cnder to 13c�rrowrr �,!n�
<br /> reyuesting payment.
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