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<br />89._ 102482
<br />UNIFORMCOVENAVIS Borrower and Under covenant and agree a. follows: `
<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 evidenced by the Note and any 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. Borrower shall pay
<br />to Lender on the day monthly payments are due under the Note, utitil the Note is paid in full, a sum ("Funds") equal to
<br />one - twelfth of (a) yearly taxes and assessment,. which may attain priority over thi% Security instrument: (h) yearly
<br />leasehold payments or ground rent; on the Property, if any; (c) yearly harard insurance premiums; and (d) yearly
<br />mortgage insurance premiums., if any. Thr%e items are called "escrow iterm." Lender may estimate the Funds due on the
<br />basis of current data and reasonable estimates of future escrow item%.
<br />The Funds shad be held in an institution. the deposits or accounts of which are insured or guaranteed by a federal or
<br />state agency (including Lender of 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 nn the Funds and applicable law permits Lender to make such a charge. Borrower and
<br />Lender may agree in writing that iriterest sha be paid on the Funds. Unles% 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 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 exo:,nd the amount required to pay the escrow items when due. the excess shall be.
<br />at Borrower's option, either promptly repa-:d to Borrower or credited to Borrower an monthly payments rf Funds. If the
<br />amount of the Funds held by Leir?a.— 1u,e sufficient tc� Fay the escrow items when due. Borrower shall pay to Lender any
<br />amount necessary to make up tl d °: :e: its. one or more payments as required by Lender.
<br />Upon payment in full of all sum's secun_d by this Security Instrument, Lender shall promptly refund to Borrow:%
<br />any Funds held by Lender. I• under paragrapli L:9 the Property is sold or 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. Applieabon of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs I 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 due; and last, to principal due.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any.
<br />Borrower 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 Lender all notices of amounts
<br />to he paid under this paragraph. If Borrower makes these payments 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 payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good
<br />faith the lien by, ar defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to
<br />Prevent, the enf!ercement of the !ten or forfeiture of any part of the Property; or (r) %ecore% from the holder of the lien an
<br />agreement.t satirifactory to Lender subordinating the lien to this Security instrument. If Lender determines that any part of
<br />the Praperty-in 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 (IT more of the actions set firth above within 10 days
<br />efthe giving of notice. g
<br />5. Hazard Insurance. Borrower shall keep the improvements now existing or hermi,ier erected on the Property
<br />insarui against loss by fire, hazards included within the +icrm "exten3ed coverage" and any r ;'per hazards for which Lender
<br />rtqui.res insurance. This insurance shall be maintained in th'- -- moints and for the per6: =6s ,?sat Lender requires. The _
<br />rz atr ace carrier providing the insurance shall be chosen by Br! , :,o'er subject to Lender"'s hnch shall nol be f
<br />unreasonably u idnLhald.
<br />elf insurance policies and renewals shall be acceptable to Lender and shall include a standard - ortgage clause.
<br />Len, (rs[tall have the right to hold the policies and renewals. If Len &:r requires, Borrower shall prolr ativ give to Lender
<br />all receipts of paid premiums and renewal notices. in the event of'a =." Borrower shall give prcompt notice sty the insurance
<br />carrier and Lender. Lender may make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to re, ;m%ration or repair
<br />of the Property damaged, if the restoration or repair is economically feasible and Mender's security is nit lessened. if the
<br />restoration of repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall he
<br />applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. If
<br />Borrower abandons the Property, or does not answer within 30 days a notice from lender that the insurance carrier has
<br />offered to settle a claim. then lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore
<br />the Property or to pay sum% secured by this Security Instrument, whether or not then due. The 30 -day period will begin
<br />when the notice is given.
<br />Unless Lender and Burrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraph% I and 2 or change the amount of the payments. If
<br />under paragraph 19 the Property is acquired by Lender. Borrower's right to an) 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 priorto the acquisition.
<br />6. Preservation and 'Maintenance of Property; Leaseholds. Borrower %hall not destroy, damage or substantially
<br />change the Property, allow the Property to deteriorate or commit wa%te. If this Security Instrument is on a leasehold.
<br />Borrower shaft with the provisions of the lease. and if Borrower acquires fee title to tf : Property, the leasehold and
<br />fee tittle sha(i oat - kvq;e unless I.ender agrees to the metrgYrr in
<br />7. PrctbctSaa of Lerdees Rights in the Pm.-ist :rty; M..ctgage Insurance. if 15ry- rower t, r-!•, perform the
<br />t £.all arc*. :w eements contained in this Security r'i' < :rtt ^lC °. ^. :. . • �ere IS J :'t,:/ nroceeG -n `s• ;hat may s.g:uflca : ::: y {'
<br />r,Lth-s :r_ .:he Property (urch as, _a pruceedlr._ to ha k-.:-! : •. proha:. for cnr.ve.. atom or to enforce 14vi- -r
<br />sl.t? .Lender may doandr_= t••rwhate�erSnecesS r?r _ }_'S?l C!= i= : ^�'_ + "i� _f[4'!e?�l'It+= •fLrctts
<br />,i vNL i'ropert}. Lender' -, 4z! -,tis may c,-,wlude pa },- :_ >ny sums secured I.y _ « :, :�' r•' r tr : :% !�, :: , +city a
<br />N ment, ap, eanngina :rr.'�ay,r�rca%rn : +hlw : : :' CL's feC% and ClliC'`s r :'.'heVr(.�cr ; :: t ;.a -epairs.�Aitfiough /
<br />L,.,der may tsu•. action unti :': '�r. :.-c•a -. :,. .Le,:_raoesnot 11e,,e todc %o
<br />Any any. c rsdlshurs :d Fy 1 LY . :C' ,i :. :'1' I ?.� .: � - _ ,' ...,;i become addluunal d `Borto-a er �wcared , t i,
<br />Security Instr�:_�',Anl Unless Borrower -1 l.cr,d r.r ; c,: t I -;:I _--ms (if pintrent. the %e attiount, %hall heir Intere '
<br />the date of dr hursement at the Note rate and %i :r • 1�,- pe;ahle, ulth Intele %t, open Piotr,c Iron! 1 ender to ltr,rt,: wz
<br />requesting payment f�
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