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<br />UNIFORM COVENANTS Borrower and Lender covenant and-agree as fallows. 0239 "
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due
<br />the principal ofand interest on the debt evidenced by the Mote and any pru_payment.and late charges due under the Note.
<br />2. Funds for Taxes and Insurance. Subject to applicable lain or to it written waiver by Lender. Borrower shall pay
<br />to Lender on the day monthly payments are due under the Note„ until the Nme is paiil.in full. a stun ( "Funds') equal to
<br />one-twelfth of_ (a) yearly taxes and assessments which may attain priority over chili Security Instrument; (h) yearly
<br />leasehold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d), ycaKLv,
<br />mortgage insurance premiums, if any. These items are called " escrow item:." Lender may estimate the Funds due owthe
<br />basis of current data and reasonable estimates of future escrow items.
<br />The Funds shall be held in an institution the depositsor accounts of which are it►tiared 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 acceunt,itn verifying the escrow items, unless
<br />Lender pays Borrower interest on the Funds and applicable law permits.Lendur to make such a charge. Borrower and
<br />Lender may agree in writing that interest shall be paid an the Funds. Unless an agreement is made or applicable law
<br />requires interest to be paid, Lender shall not be required to pay i&irmwer any-inte"%. t 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 at.: pledged,as additional security for the sums secured by
<br />this Security Instrument..
<br />If the amrc-u st of the Funds held by Lender, together with the (inure 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 the
<br />amount of the Funds held by Lender is not sufficient to pay the escrow items when due, Borrower shall pay to Lender any
<br />amount necessary to make up the deficiency in one or more payments as required by Lender.
<br />Upon payment in'full of all sums secured by this Security lostramani, Lender shall promptly refund to Borrower
<br />any Fundsgeld by Lender. If underparagraph 19 the Property. in solder acquired by Lender. Lender shall apply, no later
<br />than immediately prior to the sale of the Property or its acgiiisit on•by Lender.- any Funds held by Lender at the time of
<br />applicat oq.,as a credit.agniost the sums secured by this S&tarii,!; Instrument.
<br />3. Application at' Payments. Unless airplicable'Irsv provides otherwise, alt payments reo�ved by Lender under
<br />paragraphs 1 and 2 shall be applied: first, to late charges dgl: under the Note; second, to prepaymert< :.Barges due under the
<br />Note; third, to amounts payable under paragraph 2; fourth_ ti* interest due; and last, to principal due_
<br />4. Charges; Liens. Borm er shall pay alLtaaes, art :ssments, charges, fines and impositions anritrutable to the
<br />Property which may raltattn prcrt=.ty over this Secur�tu- lrLt:�ment, and leasehold payments cr ground rents, if any.
<br />Borrower shall pay the iibligations in the manner or if not paid in that mumner, Borrower shall
<br />pay them on time directly to the person owed p'�;crsrent. Borrower shallipromptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph; ii; tlrirrower makes these 0ayments directly, Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the pzyment of the obligatiarr secured by the lien in a, manner acceptable to Lender; (b) contests in good
<br />faith the lien by, or defends against enfrarcementof the lien in, legal proceedings which it. the Lender's opinion operate to
<br />prevent the enforcement of the lien on forfeiture of any part of the Property; or (c) secures from the holder of the lien an
<br />agi ecine.it satisfactory to Lender subor: inattng the lien to this Security Instrument. If Lender determines that: a:,.3 part of
<br />the Property is subject to a lien-which, may attain priority over this Security Instrument, Lender may gi%c Rcrrower a
<br />notice identifying the lien. Borrower shall sat: 5fc the lien or take one or more of the actions set forth above within 10 days
<br />of the giving of notice.
<br />5. Hazard Insurance. Berrcwer shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards i.s, :iuded within the term "i t ..tided coverage" and any other hazards for Lender
<br />requires imurance. This insurance shall be maintained in r. ":;i;� ,Smounts and for the periods that Lender rega:res. The
<br />insurance carrier prcr.iding the insurance shall 1% chosen ;,)' 3;orrower subject to Lender's approval which shall not be
<br />unreasonably withiteid.
<br />Ail insurance policies and renewals shall be accer:W`-P-t { &r ,:+NR and shall include a standard mortgage clause.
<br />Lender -- i`:a:l have the right to hc4 if ode policies and reneryah.. > requires, Borrower shall promptly give to Lender
<br />all rece:p;i of paid premiums and r =ewal notices. In the cz;vaw.cr ;oss. Borrower shall give prompt notice to tl;i: insurance
<br />carrier and Lender. Lender may make proof of foi`i if not made promptly by Borrower.
<br />Unless Lender and Borrower othemits a _i,: ee in writing, insurance proceeds shall be applicA to resitcnj r. is or repair
<br />of the Pr-a,perty damaged, if the rest ^ration or repair is economically feasible and Lender's security is If the
<br />restorat ,_r:.:)r repair is not econom- :i.atly feasible or Lender y security would he lessened, the insurance pros ris shall be
<br />applied ' rn c sums - wcured by t;at ' 1,, ritv.lnstrumcmt, whether or not then due, twah any excess paid to Rcrrower. If
<br />Borrower iii- _adons Ih,_ P-Operty, not ZW!.1wer within 30 days a notice from Lender that the insurance carrier has
<br />offered a clout, then lender Tray cc l i s:r :he insurance proceeds. Lender may use the procet,.d•i to repair or restore
<br />the Property or to pa,, gums secured by this'Sec"rity Instrument, whether or not then clue. The KT-di } pe&od, will begin
<br />when the notice is given,
<br />Unless Lender and Borrower oherwise agree in writ 61g any application of proceeds to principal shall nia {tend or
<br />postpone the due date cif the monthly payments referred to m raragraphs 1 and 2 or change the amount of the payments. if
<br />under paragraph 19 the Property is acquired by Lender, Borrowers right to any insurance policic: and proceeds resulting
<br />from damage to the Property prior tothe acquisit ion shall pass to Lender w the extent of the sur�,s secured by this Security
<br />Instrument immediately prior to the acquisition.
<br />6. Preservation and Ma(ntenance of Property; Leaseholds. Borrower Ball not destroy. damage or l-ubstantially
<br />change the Property. allow the Property to deteriorate or commit waste. if this tire. irity Instrument is on a leasehold.
<br />Burrower shall comply with the provisions of the lease. and if Borrower acquires fee title to the Property, the leaschold and
<br />fee title shall not merge unless Lenderagrees to the merger in writing.
<br />7. Piroteetinn of Lender's Rights in the Property; Mortgage insurance. If Borrower fails to perform the
<br />covenants and agreements containedin this Security Instrument. or there is a legal proceeding that may significantly affect
<br />Lender's rights in the Property (such as a procceding in bankruptcy. probate, for condemnation err to enforce laws or
<br />regulauuns). theft Lender may do and pay for wbat_ver is necessary to protect the value of the Proper-y and L ends is rights
<br />in the Property Lender's actttms tray iticlude pag ing any suin : secured by is lien %%loch has prionty owl this Secunt,.
<br />Instrument, appgaring in court, paying reasonable attorneys' fats and entering ion the Property to make repairs Although
<br />Lender may take action under this paragraph -r. Len der does not have todo so
<br />Any amounts disbursed by imider under this paragraph 7 shall he.:wnc additional debt of liivmiw er secured by this
<br />yc:urit} lusirurncnt 1'nle•ss Norro:ver tend 1 ender agree to other tctrns of payment. these amounts ~hall hear interest frrlin
<br />the d'ite of dtchutwitirrit at the 'dote rate aril shall he payable, wtth interc.t, ulsnn twti.-r fi,mn I.rtider it, ljwrmer
<br />tcyucsting patirncnt
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