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<br />UNIFORM COVENANU Borrower and Lender covenant and agree as follows: 89 102330
<br />1. Piymeat of PfUdl l a" Iatereah PUPYsaeat acrd Late Clium• Borrower shall promptly pay when due
<br />the principal of and intern on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />2. Fa mb for Taxes sad teaaraace. Subject to applicable law or to a written waiver by Lender. Borrower shall pay
<br />to Lender on the day rtroetthl)t payments are due under the Note. until the Note is paid in full, a sum ( "Funds ") equal to
<br />one - twelfth of: (a) Yea* taxes and assessments which may attain priority over this Security Instrument; (b) yearly
<br />leasehold Paymena 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, items." Lender may estimate the Funds due on the
<br />basis ofeurrent data and reatocaWatimstesoffuture escrow items.
<br />The Funds shall be Wd in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br />state agency (including; hLestdtr if Lende-- is such an masiitut J. lender shall apply the Funds to pay the escrow items.
<br />Lender may not charge fan bolding aadl apPgb 01i 41121yang the account or it OY111g the escrow items, unless
<br />Larder Pays Borrower intaW on the Funds sc a b taw permits Lender to make such it cisatrg+e: Sorrowsr and
<br />Fender may agree in wsiiitsg that interest shall be pwd on the Fu n& LdintdS':an agreement is made or applicable law
<br />requires interest to be paid. Lender shall not be required to pay Harrower Stsy interest or earnings on the Fund Lender
<br />stall give tw BmTower, without charge, an annual accounting a'tche Funds showing credits and debits to the Funds w d the
<br />Purpose for which each debit to the Funds was macs: The Funds are pledged as additional security for the sums socumd by
<br />this Security instrument.
<br />If the amount of the Funds held by Lender,: Cogether with the future monthly payments of Funds payable prior to
<br />the due �� of the dacrost item3, s1YaTf ettceed the amount required to pay the escrow ha ms when due, the excess WWI be,
<br />at Borrower's option, either promptly mtgr W to Borrower or credited to Borrower otr. mMhly payments of Fund U the
<br />amount of the Funds held by Lender is not sufficient to pay the escrow items when dt*.Bdv;ower shall pay to Lemdar any
<br />amount necessary to mane up the deficiencay.in we rar more payments as required by Lendt r.
<br />Upon Payment in full of all sums socu-,4d tai: this Security Instrument. Lender shall promptly refund to Borrower
<br />any Funds held by Lender. Uundtr parWapb ±grb._ Property is sold or acquired by Lender, Lender shall apply, no later
<br />than immediately prior 0 the sale of tthr TY-Op" or its acquisition by Lender, any Funds held by Lender at the time of
<br />application as a credit agauast the sumatsecuied by this Security Instrument.
<br />3. A old a<P*W"ts, I n M appTI -.able law provides othavise. all payments received by Lender under
<br />paragraphs I and 2 shaD be aPPWt fiflit Ito lair s"~. arges due under the Nqlq at4and, to prepayment charges due under the
<br />Note; third. to amounts payabb under *ritrsph Z tm ,Tth, to inters t due; tut�tt�l'ust, to principal due.
<br />4, Charley. Lfetu. Borrower shall pay all iaJtes.. assommettts, charges. fines,, anti impositions attributable to the
<br />Property which may attain Priority. over this Sam- *.. Instrument, and 1cwhold pif<yMAnts or 1ound rents, if any.
<br />Borrower shall pay these obligations in the manner 1previded in paragraph 4-or if not paid in that ttratttrmr, Borrower shall
<br />Jay them on time directly to ibe paw owed psymmt. Borrower shall promptly furnish to Lender z11 tsotica of amounts
<br />to be paid under this paragraph, U Borrower tttaiceS these P ld Y
<br />receipts evidencing the payments. payments directly. Borrower shall promptly furnish to Lender
<br />Borrower shall Promptly dischup any lien which has pnonty over this Security Instrument unless Borrower (a)
<br />agrees in writing to the Payment ofthe obligation Secured by the lien in a rt imnawmptable to Lender. (b) contests in good
<br />N„ X, the lien by, ar *rcr- a gpwt enfoicc mot Of the ism in, 1W proceedings which in the Lender's opinion operate to
<br />;mw=! the enforcement of the lids or forfeiture of any part of the Property; .or (c) secures from the holder of the fivm uii
<br />ag'ertment satisfactory to Lender subotdinatin= the lien to this S urity Instrument. If lender determines that any part of
<br />the Property is subject to a lien wh kb may attain priority over. this Security, instrwnen.fi Lender may give Bormwer a
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br />of tibe giving of notice.
<br />S. Hamrd Ias rasce. Borrower shall keep the improvements now Iexisting 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, fender
<br />requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requirm. The
<br />insurance carrier providing the insurance shall be chosen by AOtrrower sublixt to Lender's approval which shall not be
<br />unremonably withheld.
<br />All insurance policies and renewals shatl be acceptable to Lender sniff. shall include a standard mortgage clause.
<br />header shall have the tight to hold the polscies and renewals. If 1.&der requires. Borrower shall promptly give to Lender
<br />all receipts of Paid Premiums and reorrgt artt a. In the event c( loss, Borrower shall give prompt notice to the insurance
<br />carrier and lender. Lender may make pryaof loss if cog made promptly by &,&rawer.
<br />Unless Lender and Borrower otherwise agrat ar writing, insurance pnxetidis shall be applied to restoration or repair
<br />dtbe Property damaged, if the restoration or rgwr, ii economically feasiWn vrd Lender's security is not lessenedi If the
<br />R*Vmtion or repair is not economically feasible or L.erder's security would ire lessened, the insurance Proceeds ;hall be
<br />applied to the sutras secured by this Seci,rity Instrument. whethee- ar not tlsen due, with any excess paid to Borniwer. If
<br />Borrower abandons the Property. or dyes not answsr within 30,ixy$ a:14tide from Lender that the insurance awier has
<br />ofiered to settle a claim. then Lender may collect chid: ).1muranee procvxda.. Lender may use the proceeds to repair or restore
<br />ff* Property or to pay SUMIL secured by this Sate. itys Instrument. whether or not then due. The 30-day period will begin
<br />firm the notice is given. •
<br />Unless Leader and Borrower otherwise agree in writirl , anY application of proceeds to principa shall not extend or
<br />postpone the due date of the monthly payments re ad to its pwaguaphs I and 2 or change the amount of the payments. If
<br />under paragraph 19 the Property is acquired by Leader. Borrmwer's eight to any insurance policies and proceeds resulting
<br />from damage to the Property prior to the uquisittrw
<br />Instrument immediately prior to the acquisition. 22211, pass to Lender to the extent of the sums secured by this Security
<br />d' Ptswrvstloa W Mahtsasars of Prroperjr. LomehoNs. Borrower shall not destroy, damage or substantially
<br />change the Property. allow the Property to deteriorate or COMmie waste. If this Security instrument is on a leasehold.
<br />Borrower shall comply with the provisions of the lam. 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 />7. Ptm__-d= of "'rya Rh" in iii- gupytT: Ma fVV tarursam If Borrower fails to perform the
<br />covenants and agreements contained in this Security instsumem or. there is s legal proceeding that may significantly affect
<br />Lender's rights in the Property (such as a proceeding in b&-.kmaptcy, probate. for condemnation or to enforce laws or
<br />regua[rons), then Lender may do and pay for whatever is netitulrY toprotect the value of the Property and Lender's rights
<br />to the Property. leader's actions may include paying any sums Seated by a L•en which has priority over this Security
<br />Instrument. Appeasing in court. paying reasonable attomeye fees .6eatcnnS ors the Property to make repairs. Although
<br />Lender may take action under this paragraph T. Lender donna Eavt to do so
<br />Any amounts disbursed by Lender under this paragraph 7"4' bbecome addinona3 debt of Borrower secured by this
<br />- 5aunty instrument Unless Borrower and Lender agree to otherr terms of pair: en:. these amounts shall bear interest from
<br />the date of disbursement at the Mote rate and shall be paytbre. wy.ii , :certy ^: upon Rotrce- from Lender to Burrower
<br />requesting Payment
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