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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows 105249
<br />1. Paysttsat of Principal and latarasa Pnpttysiont mot Late Choriges. 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 duo under the Note.
<br />3. Funds for Tastes and Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lendet on the day monthly payments are due under the Note, until the Note 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 />Isewhold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortgatge insurance premiums. if any. These items are called "escrow items." Lender may estimate the Funds due on the
<br />basis of current data and reasonable estimates of future escrow items.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br />state age (including Lender i1 Lender is sucb an institution). Lender shall apply the Funds to pay the escrow items.
<br />1,eader mays not charge for holding and appl*ing kbe Fwd* stacslyzin4 the account or verifying the escrow items, unless
<br />I,en&r pays Borrower interea on the Funds and applicable law permits Leader to make such a charge. Borrower and
<br />Lettdkr may agree in writing that interim sW be pail on the Funds, Unless an agreement is made or applicable law
<br />atequirat interest to be paid, Lender sbad1 cwt: be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shalt give to Borrower, without charge, an annual accounfixtgof the Fwuhsbowing twits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pfedpd as addittor al security for the suns 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 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 />aasount necessary to make up the deficiency in one or more payments sit required by Lender.
<br />Upon payment in fill of all sums secured by this Security Instritment, 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 />than immediately prior to the sae of the Property or its acquisition by Lender. any Funds held by Lender at the time of
<br />application u a credit against the sums secured by this Security Instrument.
<br />3. AMlleadon of Psysantts. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraph% 1 and 2 shall be applied: first, to late charges due under the Note; second, to prepayment charges due under the
<br />Note; thfid. to amtottnts payable handler psn%rasph 2: fi+tonk in istlerest due; and last. to principal due.
<br />4. Cltargesi 1.1aas, Borrower shall pay all lazes. 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 therm on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph. If Borrower makes these payments directly. Borrower shall promptly furnish to Lender
<br />rwelpis evidencing the payments.
<br />Borrow" shall promptly discharge any lien which has priority over thi% 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 goad
<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 determine that any pan 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 />ofthe giving ofnotice.
<br />Ili. Hattaal loswoom Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />Insured against ins by tire. hazards included within the term "extended coverage" and any other hazards for which Lender
<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 wb*i to Lender's approval which shall not be
<br />unressmtabfy withheld.
<br />AV insurance policies and renewals shall be acceptable to Lender and shall include a uandsrd mortgage clause.
<br />Lender stall have the right to hold the policies and renewals. If Lender requires. Borrower shall promptly give to Lender
<br />all reoelipu ofpaid premiums and renewal notices. In the event of less. Borrower shall give prompt notice to the insurance
<br />carrier and Lender. Leander may make p1roof of loss if not made promptly by Norrower.
<br />Unhas Leader and Borrower otherwise agree to writing. msurance proceeds shall he applied +(u ro toranun or repair
<br />of the Property damaged. if the restoration or repair is economically feasible and Lender's %ecurity i% not lessened. If the
<br />restoration of repair is not economically feasible or Leander% %ecunty would be k%mned. the insurance pri ends %hall be
<br />applied aw the sums secured by this Security Instrument. whether or not then drier, ui,nh any excess paid to B.wrower. If
<br />Borrower abandons the Property, or dues not answer within ;0 days a iuxwe fn)m Under that the Insurance earner ttm
<br />oflaW to settle a claim. then Lender may colliNt the insurance prcxaair L.rrkkr nu y use the pro>rrod4 uo repair or restore
<br />the Pvgw y or to pay sums tocurjd by this Staeunty Instrument, witother ar not' then due 'PU W day period will begot
<br />wl►esrtl!%ae sotiuc u girett.
<br />Unless Lender and Bomi-aer other+% m alt+= at. w ricaing. any application t,V pnx;cvd% tit prix spat "P w4 extend or
<br />postpone the due date of the miwcthiy pvy nwo:w referred to in paragraphs I and .'. tit . hartgt the arsuwnt of the p iq ment %. If
<br />under narawanh 19 the Pranerty is aiusutred b% Lender. Borrima is naht to any irnrsuasnce etutk;Mn cad Proceeds rc%uhrns
<br />from damageto the Property prior to Litt sa;itsrtion shall pass tit Lender to the cx"l a4'rhc %um%%aresred by tltn Security
<br />Instrument immediately prior to the acquisition
<br />4. Prtaanatlott atsd MaskAsstance of Property; Laamboldo. 11orrower %hall nits datruy. damagt tx subvitntrally
<br />change the Property. allow the Property to detenurate or commit waste If this Security Instrument n tv a leawhitld.
<br />Borrower shall 4.%Wnply with the {xo%rsiitns of the lease, and of Wwrower wwuirn fee title at the Property, the leasehold and
<br />leae title shall not merge unless Lender agrees to the merger ins, ntnng
<br />7. Profatflofa of Lender'a RigOcts In ors Property; Mwillape lasurame. If Ilorrimer faits it) l erftorm the
<br />covenants and agreements contained in this Smunty Inslrumrnt, ter there t% a lcpl prmteding that may %igni N;antly affect
<br />Lender's rights in the Property (such as a proceeding in bankruptcy. probate. (,,►r ctmilemnatatn ar to enforce Iaw-% or
<br />nqulatmm),Ibea Leader may doaod pay fix w hstc%er is necessary tit protect the %alue of the Pnipeny and Lender'% rght%
<br />in the Propm y. Leader's actions may include paying any sum% secured by a lien which has prNtrt% tt%er the% Securiq
<br />fouruinitut, appnnng in ciwrt, ps }ing reasonable *11twneyi fen and entering on the Property tit make repatn Although
<br />Leader may take odium under this paragraph 7. Lender dues mN We its lit wt
<br />Any amounts dusbunel by Lender ur.&F this paragraph 7 %hall hev"ne addoliiatal dettt tit llttrrawer .rrured b% the%
<br />Security Instrument (inlew Iirrmwer and Lender agree toitther term%atpa%mcm. thew amtlunt% %hall brat uuetem tram
<br />the date of disbursement at the Nate rate and %hall he pa shle. with uttrreO. u1%,11 nt�h,c It,nn I cuJcr t. li,�tn +wcr
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