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<br /> UNIFURM CO�'�NAN7'S 8orrowcr and I.endar covenant und agrec us fopow•s: °YU�►���^"����
<br /> . ` l. P�y�aent af Princtpd and Interest;Prep�yment And Late Charges, l3arrawer shnll promptly pay when due
<br /> the princips�l of and interest on ehe debt evidenced by the Nnte und Hny prepayment and Is�te chnrges due under the Nate.
<br /> , 1. ��ad�tor?aza�nd Insu�ance. Subject ta applicable law or to a written waiver by Lender,Borrawer�h�li pa�•
<br /> i�i.c�nic� tiii ii�a ua� ii1G;.:::Ij�ji��'ii::^:°•�I=�:::'.:.^.�:T iI2:N�tt,LR�S��-�'.-'Nf1tA jC�1AF(� Ip I�IIII.1 C11{S1("FUriIIs��I Ct}U:11 LP
<br /> � one•twelfth oi: (A) yearly tasa and assessments which may Attain priority over this 5ecurit}� Instrument; (b) yearly
<br /> IasehoW payments ar graund rents on the Property, if ans; (c) }early hazard insurance premiums; and (d� yearly
<br /> i mortEs�e insuranco pr�miums.if any.These itcros are called"escrow items."Lender may estimate the Funds due an the
<br /> , basis of current data and re�son�ble estimates oPfuture escruw items.
<br /> The Funds chall be held in an institution the deposits or accounts of which are insured or guars+nt�ed by a federal or
<br /> � state a�ency (includin�[.tnder if Lender is such an institution). Lender shnll apply the Funds ta pay the escrow items.
<br /> � Lender may not chuge for holding and applying ihe Funds,analyzing the accaunt or verifying the�scrow items.unfess
<br /> - Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br /> j I.er�der mty �gree in writing thai interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br /> requires int�rtst to be paid,I.ender shall not be rec�uired to pay Bc+nower any inte�est or earnings on the Funds. Lender
<br /> � sh�116ive to Borrower�without charge,an annual accounting of the Funds showing c�edits and debits to the Funds�ad the
<br /> ' purpose for which each debit to the Fu�ids was made.The Funds are ptedged 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 ta
<br /> the ciue dstes of'the escrow items,shall eacad the amount required to pay the escrow items when due,the excess shall be.
<br /> • at Borrower's option.either prompt2a repaid to Bonower or credited to Borrower on rnonthly payments of Funds.If thc
<br /> • � amount of che Funds held by Lender es not suflicient to pay the escrow items when dwe.Borrower shall pay to Lender any
<br /> ; ,�n+nune nece.csary to mal•e up the dc�cimcy in one or more pa�ments as reAuired by Lerrder.
<br /> Upon payment in full of all sums secured by this 3ecurity lnstru�ent.Lender shall promptsy refund to Borrower
<br /> any Funds held by Lender. If under paragraph !9 che Praperty is sotd or a4�qUired by L.ender, Lender shall apply.no later
<br /> � than immediately pttior to the sale of'the Property or its acquisition by Lender. uny Funds held by Lender at the time of
<br /> � applicatioz os a credit against the sums secured by this Security lnstrument.
<br /> � 3. AppliqNaa af Psyments. Unless appficable law p*ovides otherwise.all payments recei�•ed by Lender under
<br /> paragraphs 1 and 2 shalt Ex applied:first,ta late rharges due under the Nate;second,to prepayment charges due under the
<br /> Note;third,to amounts payable under paragraph 2;fourth,to interest due;and last,to principal due.
<br /> ;. Charges;Liens. Borrower shall pay all taxes.assessments,charges,fines and impositions attributable to the
<br /> Property which moy attain priarity,over this Security Instrument. and leasehold payments or graund rents, if any.
<br /> � Borrower sha11 pay thcse obligations in the manner provided in paragraph Z,ar if not paid in that manner. Bonawer shall � •
<br /> � pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender al)notices of amounts , .
<br /> to be paid under this paragraph. If Borrower makes these payments directly.Borrower shall promptly Purnish to Lender
<br /> - _.. .- .vw: '��°�:�'��"iC:R^a:i`w�^=i:Y!'..�l� - : . q
<br /> Botrawer shall prompdy discharge any lien which ha.priority over this Security tr�strumcnt unless Borrower.(a) � ,��
<br /> agroes in writing to the payment of'the obiigation secured by the lien in a manner accepiable to Lender;(b)cantcsts in gaod
<br /> faith the lien by,or defends against enfbrcement of the fien in.legal proceedings which in the Lender's opinion opett►te ro � �
<br /> prevent the enforctment af the[ien or forfeiture of any part of the Property;or(e)secures from the holder of the lien an =
<br /> agrament satisfactory to Lender subordinating tht lien to this S�urity Instrument. If L.ender deterrnines that any part of _
<br /> ; the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a
<br /> , . notice identifying the lien.Borrower shall satisfy thc lien or take one or more of the actions�et forth above within 10 days �
<br /> � � of the giving of notice.
<br /> � S. Huard Insunnce. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br /> j insured against las by flre,hazards included within the term"extended coverage"and uny other hazards for�vhich Lender
<br /> ' requires insurance. 'This insurance shall be maintained in the amounts and for the periods that Lender requires. The
<br /> insurance carrier providing the insurance shall be chosen by Barrower subjert to I.ender's approval which shall not be
<br /> unreasonably withheld.
<br /> ; All insurance policies and renewals shall be acceptable to I.Qnder aad shall include a standard mortgage clause.
<br /> Lender shall have tht right to hold the policies and renewa(s. If L,ender requires, Horrower shall promptly give to Lender
<br /> � ali receipts of paid premiums and renewal notices. In the event of loss,Borrower shall give prompt notice to the insurance '
<br /> � earrier and I.ender.l.ender may make proof of loss if not made promptly by Bocrower. ���
<br /> � Untess Lender and Borrower otherwise agree in writing,insurance proceeds tihall be applied to restaration or repair
<br /> � of the Property damaged.if'the restoration or repair is econom�cally feasible and Lender's security is not lessened. lf the
<br /> • restoration or repair is not ecanomically feasible or Lender't security w•ould be lessened,the insurance proceeds shall be .
<br /> applied to the sums secured by this Security Instrument,whether or n�t then due,with any excess paid to Borrower. lf
<br /> Borrower abandons the Pr�}�eny,or dnes not ansa•er within 30 days a notice from Lender that the insurance carrier has
<br /> effered to settle a claim,then Lender may collect the insurance prc�ceedc. Lender may u�e the�rc�ceeds to repair or restare
<br /> the Propetty or to pa}ct►rr�c ccce�red by thi�Secunty in5tiunient,wliether or not then due. The?O-day prri�►:!tivill i►egin
<br /> when the notice is givcn.
<br /> Unlr�s l.ender and D�rrower�therw�se agrce in writing,any application�f pi�x:ceds to prmcipal shnll not extend�r
<br /> postpone the due datc oF the monthly payments rcierred to m paragraph� 1 and 2 or changc the amnunt�f thc payments. If
<br /> under paragra�h 19 the Ytoperty is acyuired by Lender.�3nrro«er's right to any in�urancr p�licie�and procerdti retiulting
<br /> � from damage tothe Property prior to the acyui�iti�n shall pas�to Lender to the extent<�f Ihe�urm�ecured by th�ti Security
<br /> lnstn�ment immediatety prior to the arquis�tion.
<br /> 6. Preservatio��nd�faintcn�nce oP PropeTfy:[,caseholds. l3nrrower tihall nc�t dctitruy.damage nr�ub�tanhally
<br /> ehange the Yroperty. ailow the Pro�eny t�deter�orate or commrt watte. If this Secunt�• Intitn�ment i� on a )ea�eh�ld.
<br /> Borrower shal)cur��ply w�ith the provis�nns u(ahc lease,and if Hc�rrmtirr ac.�uue�fec title te�ttie{'r��t eny,the lea�ch��ld�ind ,T=___- _
<br /> fee�itle shall nnt mer�e unlc�s l.endcr agrecs n�thr merger�n«riUng •
<br /> 7. Peotection of l.ender's Rights in a�e Nroperty: ��ort�n�c tnsurance. ]f Bnrro��cr fa�l. ta perform thc
<br /> , ca�enantsand agrecments contained�n thi�Secun��•I►�strur.�ent,ur therr i�.i Irga{Fn>>.:eedin�;that ma} tii�nifirantly aElcct •
<br /> Lender'4 n�hts m the Yroperty tsurh as a {+ruceeding in i^ankru�tr�, rrnhatc. ti�v ccmdemnanun or tc� enfi�rre lawti ��r ,
<br /> reguiaUOns),then l.rader n►ay d��and pay f�r�►h:►te�er is necessary�t�rn�tcct the�alur��f the 1'r���erty and l.endcr'ti righiti
<br /> in ihe Yro�+e[ty. l.ettder's a:t+onti rna}• includc ra�ing ant �umt�crured h� a hcn ��tnch ha� pni�nly m�r thiti Sccunty �
<br /> L In�trument.appeanng in court. �a}�ng reawnahle aU�tt�icyti' feeti and enirnnw c�n the Yr���c•rt� te�m�l�c re{��ir� ��Ith�,t�tih -y
<br /> [,ender may take action under�hsti paragraph 7.I.crulcr���e�ni�t ha�e t��d��tir �
<br /> Any�r+iouniti d�s hunc d hy l.cndcr uiidcr t h���•�►ragr��h's h:s li hr��m�r.,�i.t�u��iz.,l dr h t��f[� �n���i�r �r�t�r�•�i h ti t f,,� ;�
<br /> Sccuniy lntiirumcni l'nlr„R������t�r�ai�u i.rti�lrr agrct tc���thcr ;�rrn.,�t �.�:;:;,•;;t. ;!:���.:+rr.�uni�.•.}�;�� �.:,� ,�,�,..�•���1���,�,� 1t��
<br /> the d.'tle of �ltrhur�rtnent at thc� tii�Te r.ttr .+nt! �1t31{ hr ��e�.+h!r. uith :u�rir.ti u�•:�i. n,,ti.� tr���:i I :�•,�,�� i,� (;���n�wci ,�.�,�
<br /> rcyuc�i�nF�+.s�mc��t
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