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<br />UNIFORM COYENANT9. Borrower and lender covenant and agree as follows:
<br />89' 103059
<br />1. 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 sad In w "wee. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />FI'°' to Lender on the day monthly paymentq ore due under the Note, until the Note is paid in full, a sum ( "Funds ") equal to
<br />one-twelfth of: (a) yearly talon and suesamcnu which may attain priority over this Security Instrument; (b) yearly
<br />leasehold payments or ground rents on the Property. if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />tmortgoge insurance premiums, if say. These ittma are called "escrow items." Lender may estimate the Funds due on the
<br />bashofeurrent data and resumble estimates off4ture escrow items.
<br />The Funds shall be held -in an institution the deposits or accounts of which are insured or guaranteed by a fcdcml 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 />Leader pays Borrower intcmt otm 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 trade 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 />shhall give to Borrower, without charge, swaanual accounting of the Funds showing cr"Mand debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Future pledged as additional security for the sutras secured by
<br />this Security Instrument. .
<br />If the amount of the Funds held by- iaitdeL together with the future monthly payments of Funds payable prior to
<br />the due dates of the escrow items, shall exceed the attte=t-requ red 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 suf6cimt to pay the escrow items when due, Borrower shall pay to Leader any
<br />amount necessary to make up the deficiency in otae cut' more payments as required by Lender.
<br />Upon payment in full of all sums secured by this Security instrument, Leader shall promptly refund to Borrowip r.
<br />any Frauds held by Lender. If under psragmph 19 the Property is sold or acquired by Lender, Lender shall apply, tto".lat;elr,;
<br />than immediately prior to the sale: ok'tb* Property or its acquisition by Lender, any Funds held by Lender at the, torte of
<br />applicatioa as a credit against the sums secured by this Security Instrument.
<br />3. - Apoleatioa of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br />patsiraplbs I and 2 shall be applied: first, to late comes due under the Note; second, to prepayment charges due under the
<br />N!, oft Oir& to amounts payable under paragraph 1, fourth, to interest due; and last, to principal due
<br />A- • Cbwvm Linn. Borrower shall pay all taxes, assessments. charges, fines and impositions- attributable to the
<br />eroperty which may attain priority over this Security Instrument, and "lersehold p4- -rnents or ground rents,;, if any.
<br />13orrower shall pay these obligations in the manner provided in paragraph•7, or if not paid in that manner. Borrouvr shall
<br />pay them on time directly to the person owed pm)p=t. Borrower shall pr crmptly furnish to Lender all "notices of amounts
<br />to be paid under this paragraph. If Bwower,trtakes 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 to waiting to the psynneot of the obligation secured by the lien in a manner acceptable to Lender (b) cbnttats in gutod
<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 Lender subordinating the lien to this Security Instrument. If Lender determines that and* 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 wee one or more of the actions set forth above within 10 days
<br />of the giving of notice.
<br />S. Hazard Iasaaaace. Borrower shall kacp•the. improvements now existing or hereafter erected on the Property". , .
<br />hazards "insured against loss by fire, included within the terib "eatended coierage" and any other hazards for which, Leader
<br />requires insurance. This cnsurattce s�csll be maintained in t)te 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 shad not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall •beacceptable to Lender and shall include a standard; mortgage clause.
<br />Leader shall; have the right to hold the policies and ienewals..If Lender requires, Borrower shall promptly give to Lender
<br />all receipts 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 and Borrower otherwise aigree in writing, insurance proceeds shall be applied to restoration or repair .
<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 Securit -y Instrutment, whether or not then due, with. any excess paid to Barstasver. If
<br />Borrower abandons the Property, or does sat answer within 30 days a notice from Lender that the insurance caimer has
<br />offered to settle a claim. then Lender may collier; the insurance proceeds. Lender may use the process- to repair or restore
<br />the Property or to pay sums secured by this 5et_- ty Instrument, whether or not then due. The ? -day *rtoi ; will begin
<br />when the notice is given.
<br />Unless Lender and Borrower otherwise agree in writm& any application of proceeds 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 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. Presertatioa sad Mabtesaace of Property; Leaseltd& Borrower shall not destroy. damage or substantially
<br />change the Property. allow the Property to deteriorate or commit waste. If this Security Instrument 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 Letatier's Rights is the Property; Mortpge 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 affect
<br />Leader's rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation 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 rights
<br />L in the Property. Lender's actions may include paying any sums secured by a hen which has priority o%er this Security
<br />Instrument, appearing in court, paying reasonable attorneys' fns and entering on the Property tc► make repairs. Although
<br />Lender may take action under this paragraph 7. Lender does not ha%c to do so.
<br />Any amounts disbursed by Lender under this paragraph 7 shall become additional deht of Horrower secured by this
<br />Secunty Instrument. Unless Borrower and Lender agree to other terms of payment. these anioutirsshall hear interest from
<br />the date of disbursement at the Note rate and shall he payable. with interest. upon nrti.:e from 1 ender to Hornoucr
<br />requesting payment
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