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<br /> � 90-;104238
<br /> UNlFO1tM COYENANTS. Boriawer u1d Lrnder coven�nt and�grce as follows:
<br /> : � �. F�r�at of PN�ci�+►1�i lwtere�a Pr�ye�eat ud Late Cbar�. Honowtr shall prouipttY paY wker�due
<br /> the prinoipal of and interat on the debt evidcnced by�he Note and any prepayment and late charges duc under the Note.
<br /> Z. fi��for'Tutet Mi I�ca Subject to�pplicable lsw or to a written wsiver by Lender�Borrower shall pay
<br /> ; to I.ender on the d�y monthly p�yments ue due under the Note,until the Note is p�id io full.a sum(•'Funds")equal tu
<br /> one-tMelflh of: (��yearly tua and assessments which may attain priority over this Security Instrument; (b) yearly
<br /> lasel�old p�ymrnts ot �round rents on the Property, if any; (c) yearly huard insurance premiums; and (d� �early
<br /> mortp�e lnsurance pretnlums.if any.Thae items are called"e�crow items."Lender may extim�te the Funds due an the
<br /> bnis af cumnt data and rea�oeabk atimates of fature acrow items.
<br /> • The Funds shall be held in an institutioe the depc�sits or accounts of which ue insured or guaranteed by�federal or
<br /> state qency(includia�Ld�der if Lender is such an institution). Lender sha11 spply the Funds to pay the aerow items.
<br /> i La�der may nat clu�r�e for holdina and spplyin�the Funds,analyzing the account or verit'ying the escrow items,anlas
<br /> � Lender pa�cs Br±rmMer interat on the Funds and�pplicabk laM permits l,ender to make such a charge. BorroRer and
<br /> � Lsackr msy�ree in �ritit� tlu�t initrest shall be paid on the Funds. Uniess an agreement is made or appJiable law
<br /> � requure+lnterat to be psid,Lender shall not be required to psy Bonower aa��interest or atmiags on the Funsis.Lender
<br /> � shaU Qve to BomoMer.without chu6e�an annual aceounting of the Funds showia�g credits and debits ca 1he Funds and the
<br /> purpae for�rhich each debit to the Fuu�ds�vas made.The Funds are pledged as additio�a!security for the sums secured by
<br /> thk Security lnstrument.
<br /> _ ' If t11e Amount of the Funds Held hy Lender,togethe�with th�4'i�t�•*�*no�thly�.+±;me�ts t�f Fs•:��F=Y=�I•r•vs!Q
<br /> � the due c4tes of tht acro�v items,shall e�tceed the amount required to pay ehe escrow items when due.the excess shall be�
<br /> ! at Horro�rer's option,ather prompdy npaid to BorroMer or credited to Bonower on monthly puyments of Funds. If the
<br /> ' amount of t�fe Funds held by Lender is n�t suR�cient to pay the acraw items when due,Honower shall pay to Lender any
<br /> amoun►necatsry to make up the deflciency in one ar more payments ss r+equired by Lender.
<br /> Upan p�yment in Pol)of all sums secured by this Secunty Instrument,Lender shall promptly refund to Borrower
<br /> �ny Funds held by Lender.If under para�r�ph 19 the Property is sold or acquired by Lender,Lender shatl apply.no later
<br /> th�n immadiatefy prior to the sale of the Property or its acquisition by Lender. any Funds held by Lender at the time of
<br /> appliption b a eredit�gainst the sums seeured by this Security Instrument.
<br /> 3. A�lieado�ot Paymab. Unlas�pplicabie law Rr�vides otherwise.all payments receivvd by Lender under .
<br /> p�rasrtp}a 1 and 2 shall be applied:Rrst,to late c�arga due nnder the Note;second,to prepayment char�es due under the " •
<br /> Note;third.to amounts payable pnder paragnph 2;fouRh,to interat dur,and last,to principal due. t �
<br /> �. C�r�er,I.le�s. Borrower shall psy all taaa,Assessmenta,chu�es, fines and impositions sttributable to the •
<br /> Pr�opetty Mhich may attain priority,over this Security Instrument, �nd leasehold payments or ground rents, if any. ' �
<br /> BomoMer shall pty thae obliptions in the manner provided in puaRraph 2,or if not aaid in that manner.Horrowcr shail �__.�
<br /> - - piy il�an o�time directly to the person oNed paynirnt,BonoMer aha11 promptly fnrnish to Lender all notica of amounts ' "
<br /> to be p�id under this pansraph.If Borrower makes these payments directty,Borrower shall promptt�furnish to Lender !�'
<br /> reoeipb evidencina the payments. _-
<br /> HorroMer shall promptly discharge any lim which hu priority over this Security Instrumeni unlas BorroMer:(a) -
<br /> s�rea in wnitins to the pyment of the oblis,ation secured by the lirn in�manner scceptable to l.ender;(b)contats in aood -l
<br /> f�ith the lirn by.or defends aa�inst enforcement of the lien in,lepl proceedin�s w�hich in the i.ender's opinion opente to : —
<br /> ' prevent the enforcement of the lirn or forfeiture of any part of the Pmperty;or{c)socura from the holder of the lien an
<br /> asroema�t suisfsctory to Lender subordinating the lien to this Security Instrument.If Len�er determina that any part of
<br /> the Property is subject to a lirn which may attain priority over thls Security lnstrument, Lender may give 8o�rrower a
<br /> notioe identifyina the lien.Horroxer shall s�tisfy the lirn or take one or more of the utions set forth above within 10 days
<br /> of the pvin`of notkx.
<br /> S. Ha�ae+d I�ara�ce. Borrower shall keep the improvements now eaisting or hereafter erectod on the Propeny
<br /> insureda�inat loss by Rre,haurds included within the term"extended coverage"and sny other haurds for which Lendu
<br /> requirrs insurance. This insurance shall be maintained in the amounu and for the periods that Lender requires. The
<br /> �nsursnce carrier providing the insvrance shall be chosen by Borrower subject to Lender's s�pproval which shall not be _�
<br /> unmsonably withheld.
<br /> A!1 insurance policies and renewals shall be acceptable to L�nder and shall include a standard mongage clause. ��+
<br /> I,ender thall have the right to hold the policies and renewals.If I.endet requires. Borrower shall promptly aive to Lender �
<br /> � all raxipts of p�id prem.iums and renewal notices.In the event of loss,Borrower shall give prompt notice to the insurance �
<br /> carrier�nd Lender.Lender may make proof'of loss if not made promptiy by Bonower.
<br /> UnJess Lender and Borrower otherwise agra in writing,insurance proceeds sha{I be applied to restoration or repair
<br /> of the Ptoperty damsged.if the restontion or repair is economically feasible and Lender's security is nvt lessenod.If the
<br /> reatoration or repair is not economicglly frasible or Lender's security would be lessened.the insurance proceeds shall be
<br /> applied to the surns sa�:rad by this Seturity Instrumsnt. whethtr or rtot then due. with any excas paid to Borrower. 1f
<br /> Horro�ver ab�tndons the property,or does not answer within 30 days a notice from Lender that the insur�nce carrier has
<br /> � ofrbred to settle a claim.then Lender may coltxt the insurance proceeds.Lender rnay use the proceeds to repair or restore
<br /> the Property or to pay sums secured by this Security Instrument,whether or not then due. The 30-day period w�ll begin
<br /> Mhen the notice is givea.
<br /> UnZess Lender and Borrower otherwise sgree in writing,any applicatien of proceeds to Principal shall not eatend or
<br /> postpone the due date ofthe monthly payments referred to in paragraphs 1 and 2 or change the amount of the pa�yments. lf
<br /> undtr p�ragraph 19 the Property is acquirod by Lender,$arrawer's nght to any insutance polic�es and proceeds resulting
<br /> from dsmage to fhe Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Secunty .--- _- -
<br /> lnstrument immediately prior to the acquisition. �
<br /> 6. Preserration and Maintenance ot Proper�;i,eastholds. 8orrower shall not destroy,darr�age or substantially
<br /> change the Propeny, allow the Fropeny to detenarate or commit waste. If this Secunty (nstrument is an a leasehold.
<br /> $orrower shall comply with Ehe provisions of the lease,and if'Borrower acquires fee title to ihe Property,the leasehold and ,
<br /> fcx title sha{1 a�ot merge unless Lender agrees to the merger�n wnting.
<br /> 7. Protection of Lender•s Rights in thc F°roperiy; Martgage lnsurance. (f Barrower fa�is to {xrform the N:
<br /> covenants and agreements contained in this Serunty Instrument,or there is a legal praceedrog that may s�gmficantly affect �
<br /> LLtndar's sights in the Property (such as a proceedmg in bankruptcy, probate, for condemnation or to enforce laws or
<br /> regulations),then Lendet may do and pay for whatever is necessary to�rotec�the�alue of the Property and Lcnder's n�thts '�t
<br /> in the Property. Lender's acttons may mcl�ade �aymg any sums secured hy a hen wh�ch has pnonty c�ver th�s Security �`'�I
<br /> Insttument.appearing in coun,paying reacnnable attorneys'f�es and enter�n���n the Property to makt rppairs A!lhUUgh �t
<br /> i.ender may takc action under th�s paragraph 7.I.ender does not have to do so �•� �
<br /> Any amounts disbursed by�I.endcr under this para�raph 7 chali bec�me addniunal deht��f Ffor r�uer�e�uted by ihi+ •
<br /> Secur�ty Ins�rument Unlcss E��tmwer and Lender agree to ather term5 of�+a}mcnt,thc�e amc�unt�tih�tl hcer interest frc�m
<br /> thc �1att af disbursement nt the tiotc rate and �hall be payable. «ith intcietit. ��p<�n nc�t��c fr��m I ende� t�� i{��rn�uc�
<br /> request�nfi p�ymcnt
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