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<br />UNIFORM COVENANTS. ` Borrovicer and Lender covenant and agree asfollows: 8$"'- 1017115
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due
<br />the principal of and interest on the debt ctiidenced by the Note and any prepayment and late charges due under the Note.
<br />2. Funds forTaxes and Insurance. Subject to applicable lase or to a written waiver by Lender, W411 wer shall pay
<br />to Lender an the day monthly. payments are'due under tine -Mote. until the Note is paid in full, a sum (Funds') equal to
<br />one-twelfth of: (a) yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly
<br />leasehold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortgage insurance: premiums, if any. These items are called "escrow iterits." Lender may emimate the Funds due on the
<br />basisof currentdatuandreasonab leestimatesoffutureescrtw items.
<br />The Funds shall be held in an institution the deposits- or accounts of which are insured or guaranteed by a federal or
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br />Lender may agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br />requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall girre to Borrower, witheut charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made_ The Funds are pledged 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 to...- .
<br />the due dates of the escrow items, shall exceed the amount required to pay the escrow items when due, the excess shall be. '
<br />at Borrower's option, either promptly repaid to Borrower or credited to Borrower on.monthly payments of Funds. If tbts
<br />amount v 6e Funds held by Lender is not sufficient to pay the escrow items whemdpce- BomiWer shall pay to Lender any.
<br />amount: neco¢ssacy to. make up the deficiency in one or more payments as required hi-To -rider.
<br />Upon, payment in full of.all sums secured by this Security In :triipe it, L44;0i -shall pr i 'pity refund to- Borrower
<br />any Fiindii held by Larder. If under paragraph 19 the Property is Sold or acq,.tired 6$1 Lender, Lender shall apply. no later
<br />than immeriiiatety',iior to the sale of the Property or its acquisition by Lender. any= Funds held by Lcnder at the time of
<br />appliedtiou as a cre iit,against the sums secured by this Security Instrument.
<br />3. AppffeWbn of Psyments, Unless applicable law provides otherwise. all payments received by Lender unde=r::
<br />paragraphs 1 and 2 shall be applied: first, to late charges due under the Note; second, to prepayment charges due under lkei
<br />Note; third, to amounts payable under paragraph 2; fourtli, to interest due; and last, to principal due.
<br />4. Charges; Liens. Borrower shall pay all tanm assessments, charges. fines and impositions attributable to the
<br />Property which may attain priority.over this Secunrs Instrument, and leasehold payments or ground rents, if any:: .
<br />Botirower shall pay these obligations in the manner provided in paragraph 2, or if not paid in that• manner, Borrower shall . .
<br />pay them on time directly to the person owed payment. Borrower shall promptly furnish to L.tnder all notices of amount:�_
<br />to be paid under this paragraph. If Borrower makes these payments - 4wectly. Brlrrnwer shall. promptly furnish to Lender
<br />receipm evidencing the payments.
<br />Borrower shall promptly discharge any lien which has prior -i-1, ��ker this So;ural, l:•:- aAr -tment unless Borrower: (a''•.
<br />agrees in writing to the payment of the obligation secured by the lien za:rnanner acceptable! nr E.Amder; (b) contests in g* -al
<br />faith the lien by. or defends against enforcement of the lien in, legal pn ,::dings which in the 1::..nder's opinion operaxe to
<br />prevent the enforcement of the lien or forfeiture of any part of the Prc!s , y; or (0 secures from the holder or#lie lien an
<br />agreement satisfactory to lender subordinating the lien to this Security fnatrumv.it. if Lender determines that any part of
<br />the P'rcrxrty is subject to a lien which may attain priontyr over this Security lim�,rument. Lender may give Borrower a
<br />notice- ,dentifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br />of the giving of nc wee.
<br />S. Hazac4t Lnsurance. Borrower shall keep the improvements now existing or hereafter erected on the Propene
<br />insures a3t7airst tRy fi re, har:,ards;nJuded within the term "extended coverage" and any other hazards for which Lender '
<br />requires tnsura: k. This irsurac.i.t. hatl he maintained in the amounts and for the periods that Lender requires. Thic
<br />insurance carrier p nrx iding the insurance shall be chosen by Borrower subject to Lender's approval which shall not h
<br />unreasonably withl-itt3.
<br />All insurat ,�e policies and renewals -hall be acceptable to Lender and shall include a standard mortgage clause.
<br />Lender shall have the right to hold the polictes and renewals. If Lender requires, Borrower shall promptly give to Lender
<br />all ra:e pis of paid premiums and renewal n&1_-u -..in thr event of loss, Borrower shall give prompt notice to the insurance
<br />carrier and Lerid!n,. Lender may make prewf of for x .f not made promptly by Borrower.
<br />Unless Lem,!..rand Borrower otherwi:-ieagree in writing. insurance proceeds shall be applrul to restoration or repa_r
<br />of the Property damaged, if the restoration ter repair is economically feasible and Lender's security is not lessened. if the
<br />restoration or repair is not ecenomically feasible or Lender's security would be lessened. the insurance proceeds shall be
<br />applied to the sums secured by this Security instrument, whether or not then du,: with any excess paid to Borrower. If
<br />Borrower abandon~ the Property, or does not answer within 30 days a notice from lender that the insurance carrier Isms
<br />offered tosettle a claim, then lender may collect the insurance proceeds. Lender may use the prnteeds to repair or restore
<br />the Property or to pay sums secured by this. Security Instrument, who h. -r or not then due. •fh, ?j .:,v period will begot-;
<br />when the notice is given.
<br />Unless lender and Borrower otherwise agree in writing, any application of proceed% to prinri ) al OiaL not extend or
<br />postp� ter:• the due date of the monthly payments referred to in paragraphs 1 and 2 or change the annount of the payments If
<br />under paragraph 1.t the Property is acquired by Lender. Bormw•er's right to any insurance pok:tuss and proceeds resulting
<br />from damage to i;o: Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Secunt).
<br />Instrument immediately prior to the acquisit ton. , .
<br />fs. Preservation and Maintenance of Property. Leaseholds. Borrower 0ft2!l not 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 vwtlh the provisionsofthe lease. and if Borrower acquires fec title oft the Property, the leasehold a:td
<br />fee title shall not tnergc unless Lender agrees to the merger in writing.
<br />7. Protection of Lender's itipjits in the Property; %fortgal a Insurance. if Borrower fails to perform the
<br />ctner its and agreements contained in this Security instrument, or there i0 a legal proceeding that may sill iilieantly afftut
<br />Lenders rights in the Property (such as a proceeding to bankruptcy, probate. for condemnation or to enforce laws. or
<br />regulations). then Lender may doand pay for whale%er is necessary In protect the value of the Property and Lender %rights
<br />in the Property. Loider's acnons may include paying any sunis 0ceured by a hen which has priority o�cr thi% Scurry
<br />Instrument. appearing ut court. paying reaw��nahle attorre+;s' fecti and entering on the Property its nlak'c repair% Although
<br />bender play take acinni under this paragraph 7. Lender ,fro s not have to do .o.
<br />Any atnountsdisburwd by Lender under this paragraph 7 %halt hearne addim mal debt of liorrouto secured by this
<br />Security in%trumrnt titles% lforrocwer and I ceder agree to other terin4of pawnient. tha•.e arnnunt0.hall beer mtcreo frrni
<br />the date of di ,,hur.cmcrit at the %ote rate mid 011111 he payable. -ti, interem. allots antti a tr +gym 1 cndcr to liotrtnwt
<br />reyur.ttng pagtueni
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