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<br />UMMkU COVENANTS. Borro*a and. Lendamvettam and agree as follows:
<br />L Palm d of IN in ipal mdTmkm,A;Ph*yi6fu-fiodlAt*Cbman. Borrower shall promptly pay when due
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<br />the prindhW of aisd interest on the debt evidenced by the Note and any prepayment and laie charges due under the Note.
<br />h shes Fle forT"aa aai l- m-n -� . Subject to applicable law orto a written waiver by Lender. Borrower shalt pay
<br />to Len* on the day monthly payments Are duk under the Note, until the Note is paid in full, a sum ("Fund') equal to
<br />oo&tweilU of: (a} yearly taxes used assessments which may attain priority over this Security Instrument; (b) yearly
<br />hodtoid payttt tt< or 0(itind rents on the Property, if any; (c) Yearly hazard insurance premiums; and (d) yearly
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<br />rtaort�sge pesttrance p[eatiums, if cloy. These items are titled "escrow items." Lender may estimate the Funds due on the
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<br />11Yi3 GllFltl4! data and reasonable- estnRatesof future escrow ittem�.
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<br />The Funds shall be bell in ati institution the deposits or accounts of which are insured or guaranteed by a federsl or
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<br />torte agptcy (including Larder if Lender is such an institution). Lender shalt apply the Funds to• pay the escrow items.
<br />Lader may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless
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<br />header pays Borrower interest on the Funds and applicable lawn permits Lender to make such a charge. Borrower and
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<br />Ldmder may Agra in waiting that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br />r+equira intend to b t paid, Larder shill not be required to pay Borrower any interest or earnings on -the Funds. Lender
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<br />- tl"ve to Bo rower. without charge, an annual amounting of the Funds showing credits and debits to the Funds and the
<br />ggrpose forwhich each debit-to the Funds was nmde_ The Funds are pledged as additional security for the sums secured by
<br />thisSecurity 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 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 />amoti it of the Funds held by Lender is not sufficient to pay the escrow items when due, Borrower shall pay to Lender any
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<br />attrount necessary to%nake up the deficiency in one or more payments as required by Lender.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower
<br />any Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender. Lender shall apply, no later
<br />theses immc&atdy 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. Applindoa of Psynents. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs land 2 shall be applied: first, to late charges due under the Note; second. to prepayment charges due under the
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<br />Note; third, to amounts payable under paragraph 2; fourth, to interest due; and last, to principal due.
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<br />.4. C'Mr'M Lteas, Borrower shall pay all taxes. assessments, charges, fines and impositions attributable to the
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<br />Property which may attain priority. over this Security Instrument, and leasehold payments or ground rents, if any.
<br />Borrower shrill pay thea.; 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 Leader all notices of amounts
<br />to be 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 />agr in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in goad
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<br />faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to
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<br />pttwettt the enforcement of the lien or forfeiture of any part of V r Property; or (c) see.:res from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of
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<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, Hasard Imunince. Borrower shall keep the improvements now existing 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 Lender
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<br />requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The
<br />insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be
<br />unreasonably withheld.'
<br />All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br />Lender shall have the right to hold the policies and renewals. If Lender requires, Borrower shall promptly give to Lender
<br />all rta cipts of paid premiums and renewal notices. In the event of loss, Borrower shall give prompt notice to the insurance
<br />carrier and Lender. Lender may make proof of loss if not made promptly by Borrower.
<br />Unless Lender qnd Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair
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<br />of the Property damaged, if the restoration or repair is economically feasible and Lender's security is not lessened. If the
<br />restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be
<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 sums 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 Bortower otherwise agree in writing, any application of prucmh to principal shall not extend or
<br />postpone 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, Borrower's right to any insurance policies and proceeds resulting
<br />from dattzsge to the Property prior to the acquisition shall pass to Lender to the extent of the suns secured by this Security
<br />Instrument immediately prior to the acquisition.
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<br />6. 11 Wiervatiori and Maintenance of PropertV; Leaseholds. Borrower shall not destroy. damage or substantially
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<br />'- . -- chatip the Property. ailciw the this. Security Instrument m en.a kssehoid.
<br />Borrower shall comply with the provisions of the lease, and if Bormwer acquires fee title to the Property, the leasehold and
<br />fee title shall not merge unless Lender agrees to the merger in writing.
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<br />�. Protection of Un&es Rights in the Property; Mortgage Insurance. If Borrower fads to perform the,
<br />covenants and agreements contained in this Security instrument, or there is a legs.? proceeding that may significantly affect
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<br />Lender's rights in the Property (ruch as a proceeding in bankruptcy, probate, for cundemnation or to enforce laws or
<br />regulations), then Lender may do and pay for whatever is necessary to protect the,. alue of the Property and Lender's tights
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<br />in the Pioperty. Lender's acnorls.may include'paying any sums secured by a lien which has priority over this Security
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<br />Instrument, appearing rncourt, paying teasenable attorneys' fees and ente_ing on the Property to make repairs - Although
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<br />Lender may take action under this paragraph '7. i ender does teat inns a to du so
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<br />Any amounts disbursed by Lender under this paragraph 7 shall he;;oine additional debt of Harro%ver secured by this
<br />Security Instrument Unless Borrower and 1, ender agree to other tertn% of payment: these amt, tint-, shalt hear interest froni
<br />the date of disburseme'hi at the Note rate and shall be payable, with interest. tipon notice from I ender sty Bnrrin er
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<br />requesting payment -
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