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<br />S �' 102382
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:.
<br />1. Payment of Ptindpal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due
<br />the principal of and interest on the debt evidenced by the Note and an) prepayment and late charges due under the Note.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or to a written waiver by Lender. BormIxer shall pay
<br />to Lender on the day monthly payments are due under the Note, 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: (by 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 items." Lender may estimate the Funds due on the
<br />basis of current data and reasonable estimates of future escrow 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. Burrower 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 give to Borrower, without 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 additkinal security for the sums secured by
<br />this Security Instrument.
<br />If the amount . of the Funds held by Lender, together with the future mom i ?) payments of Funds payable prier to
<br />the due dates of the es�ow items, shall exceed the amount required to ha_v the escrow items when due, the excess shalt be,
<br />at Borrower's optioni either ri.Fily repaid to Borrower or credited to BLrmwew, ,an monthly payments of Funds. If the
<br />amount of the Funds held by Leauei is not sufficient to pay the escrow items ��?t° . ae, Borrower shall pay to Lender any
<br />amount necessary to make up thedefrciency in one or more payments as r.. aed i•y'Letider.
<br />Upon payment in full of all sums secured by this Security InstC_ZM —=._; :.:rr shall promptly refund. tc Borrower
<br />any Funds held by Lender. If under paragraph 19 the Property is sold sir acquired by Lender, Lender shall apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs 1 and 2 shall be applied: first, to late charges due under the Note; second, to prepayment charges due under the
<br />Note; third, to amounts payable under paragraph 2; fourth, to interest d= and last, to principal due.
<br />4. Charges; Hens. Borrower shall pay all taxes, assessments. charges, fines and impositions attributable to the
<br />Property which mp'kv - attain prictity_ over this Security Instrument, and leasehold payments or ground rents. if any.
<br />Borrower shall pay 4.hase obligations in the manner provided in paragraph 2, or if not paid in that manner, Borrower shall
<br />pay them on time t :7ectly to the person owed payment. Borrower shall. promptly fumish to Lender all notices of amounts
<br />to be paid under this paragraph. If Borrower makes these payments dliex sly, Borrower shall promptly furnish to Lender
<br />receipts evidencing te payments.
<br />Borrower shall promptly discharge any lied which has priority -.:per this Security instrument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, (b) contests its good
<br />faith the lien by. or defends against enforcement of the lien in, legal proceedings which in the Lenders opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any part of the Pry twrty: or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security lti_strumenl, if'Lender determines 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 the lien or take one or more of the actions set forth above within 10 days
<br />of the giving of notice.
<br />S. Hazard Disurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss fay fire, hazards included within the term "extended coverage" and any other hazards for which Lender
<br />requires insuranc•:_ This insurance shall be maintained in the amounts and for the periods that Lender requires. The
<br />insurance carrier providing the insurance shall be cho m b 'Borrower subject to Leader's approval which shall not be
<br />unreasonably withheld.
<br />All insum. -,,;4 policies and renewals shall be acceptable to 'lender and shall include a standard mortgage clause.
<br />Lender shall hate right to hold the policies and renewals. If LenLIrR requires, Borrower shall promptly give to Lender ,
<br />all receipts of pa- d't,,remiums and renewal notices. In the event of los.,, Borrower shall give prompt notice to the insurance
<br />earn r and Lendtm Lender may make proof of loss if not made promptly by Borrower.
<br />Unless Lei 2cr and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair
<br />of the Prowrt} d a im :d, if the restoration or repair is economically feasible and Lender's security is not lessened. if the
<br />restorar;cn or repztr vs not economically feasible or Lenore, "y. secunri- would be lessened, the insurance proceeds shall be
<br />applie,i tr, the sums secured by this Security Instrument, Nw)t:cther or not then due, with any excess paid to Borrower. If
<br />Borro %ep abandons the Property. or does not answer crtthrn 30 days a notice frern Lender that the insurance carrier has
<br />offered Lv settle a claim, then Lender may collect the insurance proceeds. Lender may use the proceeds to or restore
<br />the Property or to pay sums secured by this Security Instrument, whether or not then dire. The 30 -dap pond will begin
<br />when the notice is giten.
<br />U a%z�ti [.t,i. lfr and Borrower otherwi;Fe agree in writing, any application of proceeds tc r r:ncipal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and Z or change the amount of the payments. If
<br />under paragraph 19 the Property is acquired by Lender, Borrower's right to any imsrance policies and proceeds resulting
<br />from'damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security
<br />Instrument immediately prior to the acquisition.
<br />6. Preservation and Maintenance of Property; Leaseholds. Borrower shall not destroy. damage or substantially:
<br />charm the Property. allow the Property to deteriorate or commit waste. if this Security Instrument is on a leasehold.
<br />Borrow er 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 />7. Protection of Lender's Rights in the Property; Mortgage Insurance. If Horrower fails to perfOru) the
<br />covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may stgntficantl) al'ect
<br />Lender's rights in the Property (such as a proceeding in bankruptcy. probate. for condemnation nr to enforce lavo, or
<br />regulations), then Lender may do and pay for whatever is necosaf y to protect the :aluc of the #'mperty gird I e::al:r'ti rights
<br />in the Property. Lenders actions may include paying any stems securest by a hen which ha,. pnnnty of Er this Security
<br />Instrument, appearing in court. payrnF reasonable attorneys' fees and entering on the Propert} top nmke repairs. Althoily.h
<br />Lender may takeaction under this. paragraph 7. Lender does not hate todo co
<br />Any amounts disbursed by i..ender under this paragraph 7 shall become addrntTnal .Icht of llotwuer .ec � srrii t,} the:
<br />Security Instrument. Unless Borrower and Lender agree to other terrtrsof pa %ment, these amcpunts ,hAI fi�:ar it: r(rc,t front
<br />the date of disbursement at the tote rate and shall he p ,ahle. atth r»tcrest. up:m fton: l.cliLier tip K: twarr
<br />requesting pay ment
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