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<br />102451.
<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />1. Paytaeat of Principal ad Interesh Prepayment and Late Clisrges. Borrower shall promptly pay when due
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and latecharges due under the Note.
<br />2. Feeds for ?axes and iawttanee. Subject to applicable law or to a written waiver by Lender. Borrower shall pay
<br />to Lender on the day monthly payments are due under the Note, until the Notre 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 m- surance premiums; and (d) yearly
<br />mortgage insurance premiums. if any. These items are called "escrow items." Lender tray estimate the Funds due on the
<br />basis of current data and reasonable estimates of future escrow items.
<br />lie 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 applicabl&JAW.,
<br />requires interest to be paid, Lender shall not be required to pay Borrower any, interest or airings on the Funds. Leind-ltr-
<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 additional security for the sums secured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, together with tiro fitare 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 Lerider is not sufficient tc ply the escrow items when due, Borrower shall pay to Lender any
<br />amount necessary to mafe.:rp the deficiency in one or more payment; as required by Lender.
<br />Upon pagmn^_a in full of all sums secured by this Security Ivstr ument, Lender shall promptly refund to Borrower
<br />any Funds held by Lender. If under paragraph 14 the Property is, s>rW or acquired by Lender, Lender shall apply, no later
<br />than immediately prior to *z sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of
<br />apron as a credit apmsi: the sums secured by this Security Instrument.
<br />3. Applicofte of PsymnaL Unless applicable law provides otherwise, all payments received by Lender under.
<br />paragraphs I an& 4 shat be applied: first, to late charges due under the Note; second, to prepayment charges due under the
<br />Note ;third, to amo=ttsray able under mph 2; fourth, to interest due; and last, to principal due.
<br />4. Ganges; Liens. &mower shall pay all tastes, assessments, charm, fines and impositions attributable to the
<br />Property which may attar piority. over this Sevxriry Instrument, and leasehold payments or ground rents, if any.
<br />Borrower shall pay these obligations in the manner pw-4ided in paragraph 2, or if not paid in that manner, Borrower shall
<br />pay than on time erectly to the person owed payment. Borrower * ":promptly furnish to Lender all notices of amounts
<br />to be paid under this paragralh. If Borrower makes these payments dfvaly,. Borrower shall promptly furnish to Lender
<br />receipts evidencingthe paym.er, :s.
<br />Borrower shall prompOy discharge any lien which has priority over 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 in good
<br />faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any part of the Property; or (c) secures from the holder of the lien an
<br />agreement satisfactory to Leader subordinating the lien to this Security Instrument. 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 noti =-
<br />S. Hazw d 1: wromice. BorroweT shall keep the improvemer *,s now existing or hereafter erected on the Prepony
<br />insured against loss by Ore, Imurds included within the term "exterr6ed coverage" and any other hazards for which Lender
<br />requires insurance. This insucsace shall be maintained in the arnov rs and for the periods that Lender requires. The
<br />insurance carver providing the insurance shall be ch :�sw by Bcrr -.,vtr subject- to Lender's approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewr. shall be acceptable to Levider and s.All inclu4c a standard mortgage clause.
<br />Lender shall have the right to, hold the pericies and reacvats. If lS,a� Acv rrquices, Borrower shall promptly give to L4rder
<br />all neceipts of paid premiums and renewal notices. In E". event of :ass, Bormcwcrshall give prompt noticr. to the insurance
<br />carrier and Lender. Lender aray make proof of lass if roe made pros; tly by Borrower.
<br />Unless L .Main: and Borrower otherwise agree in writing„ ins(wance proceeds shall be e7paed , rcv: ration cr repair
<br />of rke Property d a-maged, if the restoration or repair is economic;C y feasible and Lender's sezvit f is •roe lessened. If rile
<br />rawnration or repir is not economically feasible or Lender's security would be lessened, the insurance rpnceeds sl=V 1:e
<br />applied to the sums secured by this Security Instrument, whether or not then due, with any excess *41, fro Borrower. If
<br />iicm, :wer abandons the Property, or does not answer within 30 days a notice from Lender that the carrier' t
<br />offered to settle a claim, then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or rest".-re
<br />the Property or to pay sums secured by this Security Instrument, whether or not then due. Trhe 30-day period will- kgpn
<br />when the notice is given.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpene the due date of the monthly payments referred to in paragraphs 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 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 M&Intenattce of Properji, Leasehold:. Borrower shall not destroy, damage or substantially
<br />change the Property, allow the Property to deteriorate or commit waste. If this Security Instruments is on a leasehold,
<br />Borrower 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 Linden's Nights in the Property; Mortgage Insurance. if Borrower fails to perform the
<br />covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly atPect
<br />Lender's rights in the Property (such as a proceeding in bankruptcy. probate, for condemnation or to enforce laws or
<br />regulations), then lender fray doa`d pay for whatever is neessary to protect the value of the Property and Lcndcr s rights
<br />in the Property. Lender's actiuras antay include paying any sums secured by a hen which has priority o. cr this Security
<br />Instrument, appearing in court. paying reasonable attorneys' fees and entering on the Property to make repairs. Although
<br />Lender may take action under this paragraph 1. Lender does not have to do so.
<br />Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borrower secured by this
<br />Security Instrument. Unless Borrower and Lender agree to other terms of payment, these amount~ shall bear interest from
<br />the date of disbursement at the Note rate and shall be payable. with interest. upon notice from Lender to Borrower
<br />requesting payment
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