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<br /> UNtROltM CovEN�ttvl's. Horra�tr snd Lendercovenant�rai�aree xs foliows:
<br /> 90-�04ti2��
<br /> � 1 _�vwMw��n!P�1�1�1�wd ir.��.^Ow...�o.....,.��.J��4w«iw. a°+-vaia'1rii�r o���i�i'vi�lN2tf �:�;wr��„���
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<br /> t the priacipRt at�d intetat cu�the cf�bt evldenced by the Note and aay prepayment and late chuges due under the Noto.
<br /> 2. F"w�N lor'1'aaN Mi l�w�sce. Subject to�pplicable Isw or to a written waiver by Lender,Bonower sha11 pay
<br /> to La�der on tlie day monthly pyemnb�re due under the Nc�te,unti!the Note is paid in fLll,a sum(••Funds")equal to
<br /> one-twelRh of: (s}ydirly t�uces and assessments which msy attain priority over this Security Instrument; (b)yearly
<br /> le�tehoW p�ynxnh or sround rents oa the Ptoperty. J any; (c) yarly hazard insurance premiums; and (d) ye�rly
<br /> n�ortpye imurar�x premiurtu.if any.These items ue callod"escrow items."Lender msy estimatc the Funds due on the
<br /> b�sis ofcurrau data and ra:ansbk atimata of future acmw items.
<br /> ' 't't�Fwbt shall be hdd in aa�nstitution the deposits or accounts of which ue insured or gu��nteed b,y A federa!or
<br /> wte ya�cy�incindin�Leadrr if l.ender is such an institution).Lendar shall apply the Funds ta pay ihe escrow items.
<br /> Lender may iwt ahar�e for holdin=and applyina tbe Funds,analyzing the account or verifying the escrow items,unless
<br /> t.��xler p�ps Bortorver interat on the Funds and applicabk law permits Lender to make such a chuge. Borrower snd
<br /> L�rnder msy asree in wrritinj that interat aha11 !+e paid on tht Funds. Unlas an agreemer�t is made or applicable law
<br /> requircs inter+at to be paid. Lender shall not be required to pay Barrower any interest or aimings on the Funds. Lender
<br /> t1�a11 pve to Horrow�er,�vithoul char�e,an annual accountiaa of the Funds showing credits and debits to the Funds and the
<br /> purpae for ivhich each debit to the Fw�d�wu made.The Fands ue pledged as additional security for the sums sacured by
<br /> � this Security Imtrument.
<br /> ' If the amount oPthe Funds held by Lender.together with the futuro monthly payments af Funds payable prior to
<br /> the due datd Of the escrow items.shall e�tceed the amount ren•�i_*!�44�ss!h:�.SiL�!'.'!Itlnc yui;�n�IL^,�hZ!s£!SS c}!«.11�,
<br /> at Hatro�ver's uptioo,ather promptly repaid to Borcower or credited to Borrower on monthly payments of Funds.If the
<br /> �unt of tbe Funds held by Lendet is not sut8cient to pay the escrow items whcn due,Bonower shall p�y ta Lender any
<br /> uaount neoeasary to mske up the de6cieacy in one or more paymenu u required by Lender.
<br /> Upoa paynient in fiill of dl aums securod by thia Socurity Instrument,Lender shall promptly rePond to Borrower
<br /> sny Fund�held by Lender.If under pa�sstaph 19 the Property as sold or acquirod by Lender,Lender shall apply,no later
<br /> that�'smmedistely prior to the sale of the Property or its acquisition by I.eader.any Funds held by Lender at the time oP
<br /> �pplication u a crodit saainst the sums secured by this Security Instrument.
<br /> 3. A�do�of Psy�ts. Unless applicabk law provides otherwise,all pa�rments receivod by Lend�er under
<br /> para�phs 1 and 2 ahall be applied:first,to late chargea due under the Note;second.to prepayment charges due under the � �
<br /> Not�third.to amounts payable under paragraph 2;fourth,to interat due;�nd lut,to princip�l due. .
<br /> 4. Ctir�I.iey. Borrower shall pay all taxes,atsessments.charges,�nes and impositions sttribuuble to the
<br /> -. ..- - p[O�lf'tV �1l}lich fw��t ltf�in �einr:w �yw :1`«:..' �..•`:li3 ::fL::L'.:,.i,2� .iiC'�. �.:w�.iatiiu �rsjuaeil'aa ivi�iviii�u' ?cuti. ii injy. ----
<br /> Borrower�hail pay thexe obliptions in the manner provided in paragaph 2,or if not paid in that manner�BornoMer shall ! �
<br /> ps�r them on time directly to the peison oNed payment.Borrower shall promptly furnish to Lender all notices of amounu ' �
<br /> to be paid under tha paragaph.If Borrower makes these payments directly,Bonower slwll promptly furnish to Lender . � =
<br /> , raxipts evidenc,tin�the qya�ents.
<br /> Botrow+er ah�ll promptly dischuge any lien which hu priority over this Security Instrument unleu Borrower:(a) --
<br /> � a�r+ea ia writina to the pytnent of the obligation secured by the lien in a manner acceptabte to l.ender;(b)contats in good .� -
<br /> ' faith the lien by,or defends aaainat enforccmrnt of the lien in.legal proceedi�gs which in the Lender's opinion operate to _
<br /> preveut the afforcemrnt of the lien or forfeiture of say psrt ot'the Property;or(c)secures from the holder of the lien an
<br /> ; �nand►t satisGctory to Lender subordinating the lien to this Security Instrument.If Lender determines that any part of
<br /> � the Propetty is subject to a 1irn which may atuin priority over this Security Instrument, Lender may give Botrower a
<br /> notia ideatit�rina the lien.Borrower ahall satisfy the lien or talce one or more of the actions set forth above within 10 days
<br /> of the=ivin�of notice.
<br /> � S• Ha�ard Iawruce. Borrower shall keep the improvements now existing or hereafter erxted on the Property
<br /> ` iesured a�ainst loss by fire,hazards included within the term"ra�tended coversge"and any other hazards for which Lender
<br /> ' requira insurance. This insurance shall be maintaia�ed in the amounts and for the periods that I.ender requires. The
<br /> insurance curier prov�ding thc insurance shall be chosen by 8orrower subject to Lender's approva!which shall not be
<br /> unrea�onably withhela.
<br /> All insurance policies and renewals shall be acceptable to Lender and sha(1 include a standard mortgage clause. ���•
<br /> Lender shall have the right to hold the policies and renewals. If Lender requires.Bonower shall promptly give to Lender
<br /> all receipts of paid premiums and renewal notices.ln the event of loss,8orrower shall give prompt notice to the insurance •
<br /> auriu and Lender.Lender m�y maice proof of loss if not made promptly by Borrower.
<br /> Unless Lrnder and Borrower oth=rwise agree in writing,insurancr procads shall be applied to restoration or repair
<br /> of the Property damsged,if the restoration or repair is economically feasible and Lender's security is not lessened.If ihe
<br /> , reitonrian o�rep�ir is not ecoaomically feasible Q*l.endzr's secusity would be ls�ssenr.�,the iasnrance proceeds shaii be
<br /> applied to the sums secured by this Seeurity Instrument, whether or not then due,with any excess paid to Bonower. lf
<br /> BomoMer absntlons the Property.or does not anss�rer within 30 days a notice from Lender that the insurance carrier has
<br /> offered to settle a claim.then Lender may collect the insurance proceeds.I.ender may use the proceods to repair or restore
<br /> the Property or to pay sums socured by this Security Instrument,whether or not then due. The 30-day period wi11 begin
<br /> Mhen the notice is given.
<br /> Unless Lender and Bonower otherwise agee in ariting.any application of proceeds to principal shall not eatend or
<br /> postpone the due dste of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments.lf
<br /> under paragraph 19 the Property is acquired by Lender,Borrower's right to any insurance policies and prceeeds resulting
<br /> from damage to thc Property prior to the acquisition shall pass to i.e�der to the extent of the sums secured by this Secusity -_---__-_
<br /> lnstrument immediately prior to the acquisition. �
<br /> 6. PreservaHon and Malntenance ot Propert�r;Latseholds. Horrower shall nol 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 /> 9. Protectton o! Leeder•a Rig6ts in the Praperty; Mortgage Insurance. If Borrower fails to perform the �t
<br /> covenants and agreements contained in this Security lnstrument,or there�s a legal proeeeding that may sigmficantly affect �
<br /> LLender's rights in thc Property (sach as a proceeding in bankruptcy, probate, for condemnat�on or to enforce laws or
<br /> regulations).then Lender may do and pay for whatever is necessary te �rotect the value of the Property and Lender's r•ghts �
<br /> in tne Property. Lender's actions may include paying any sums secured by a lien w�hich has pnonty over th�s Sccunty ���
<br /> Instrument,appearing in court,paying reasonable attorneys'fees and entenng on the Property to make repa,rs. Although �
<br /> Lender may take action under th�s paragraph 7, Lender does not have to do so .,
<br /> Any amounts disbursed by l.endec under this paragraph 7 shall bernme add�nunal deh�oi R��rrow•er secured by this ,
<br /> Secunty Instrument.Unless Borrower and Lender agret tu other terms of payment,thete amnun►s shall hear�nserest f�om
<br /> the date of disbursement at the Note rate and shall be payable, uitt� interest, up�n notice fr�m Lender t�� F3c�rrower
<br /> . roquesting paymtnt.
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