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<br />UNIFORM COVENANTS. Bt ... ,.., ,... _ cnder covenant and agree asfollows: 89- 103491
<br />1. Paytttettt of PriadpW and Iateml; PrWymtnt 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, Fortis for Taxes earl IrAur trace. Subject to applicable taw or too written waiver by Lender, Borrower shall pay
<br />tea v ender 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 taxoc and assmsments which may attain priority over this Security Instrument; (b) yearly
<br />keschoild payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortgage insurance premiums. if any. These items are called "escrow items." Lender may estimate the Funds due on the
<br />basis ofawrent data and masonable estimates of future m -row items.
<br />The Funds shall be held in an institution the de"its 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 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 Harrower, 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 fpr 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 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 tQ Lender any
<br />amount necessary to make 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 t* Lender. If under paragmVh 19 the Property is sold or acquired by Lenderi Lender shall apply, no la et
<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 sa:ure:d by this Security Instrument.
<br />3. Applica im of Paytttttats. Unless applicable law provides otherwise. all payments received by Lender under
<br />paragraphs 1 and 2 shall be applied: first, to late charges due under the Note-, second. to prepayment charges due under the
<br />Note; third, toarr mm.ts payable under paragraph 2; fourth. to interest due; and last, to principal due.
<br />4. Chat -&=- !.ices. Borrower shall pay all taxes, assessments, charges„ tones and impositions attributable to the
<br />Property which may ateairt priority over this Security Instrument, and leaxhuld payments or ground rents, if any.
<br />Borrower shall pay. these cbbViions in the manner provided in paragraph 2. or if not paid in that manner,, Borrower shall
<br />pay them on to the person owc.d payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under eftit, paragraph. if Borrower makes these payments directly. Borrower shall. promptly fitmish to Lender
<br />receipts evidencing the payments.
<br />- -born lrStull dachasg anyhenwh ichflair pr l0rtiyuveriitis- mruti'ryiwallun`mistut.. wiivv►c'r :�w3
<br />agrees in writing to the payment 4f the obligation secured by the lien in a manner acixO.t tie to Lender, (b) contests in good
<br />feith the I- b;, p- d-_rC .aggitist ert_roree-tient of the lien in. !W1 pro'ce hope v:hich. i.ri rise, lender's opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any part of the Property; or (c) secum-rh nr the holder of the lierr an
<br />agreement satisfactory to Lebnd z subordinating the lien to this Security instrument. If Lender determines that any pan of
<br />the Property is subject to a Bien which may attain priority over this Security Icist:rument, Lender may give Borrower a
<br />noO a hlentifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br />of f lie giving of notice.
<br />S. Rained iamwake. Borrower..0;0,1 keep the improvement% now existing or heri Ulcer erected on the Property
<br />Insured d against loss by fire. hazards includ'ed.-within the term "extended coverage" and any otter hazards for which Lender
<br />t*iIts insurance. This insurance shall be maintain d in the amounts and for the periods that Lem&r, requires. The
<br />insurance carrier providing the: insurance shall be chosen by Borrower subjeiar to Lender's approvat %dizeb shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals. shall be acceptable to Lender and shall include a standard mortgage elude.
<br />Lender shall have the right to hold the policies and renewals. If Leedtr requires. Borrower shall promptly give to Lender
<br />all VWtipts of paid premium*aad 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 nbt made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair
<br />of the Property damaged, if the restoratiomar 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 />whc* the fWAie't is dyer}.
<br />Unless Lender and Borrower 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 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 pus to Lender to the extent of the sums secured by this Security
<br />Instrument immediately prior to the acquisition.
<br />6. Presenatim oleo Maintemtace of Property; Leaatb". 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 />y. Proteetioa of Leader's Rights in the Property; Mortgage Insurance. If Borrower falls to perform the
<br />covenants and aEteements contained in this Security instrument, or there is a legal proceeding that may significantly affect
<br />Lender's rights to 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 value of the Proper) and Lender's rights
<br />in the Property Lender "s actions may include paying any seams -- ccured by a lien which had priority over the,, Security
<br />L Itistrumenf. appearing in court. paying reasonable attorneys' fees and entering on the Prc�ipert) to make repairs Although
<br />Lender may take action under this paragraph 7. Lender draw not ha%a to do so.
<br />Any amcruntsdisbursed by Lender under this paragraph l shall become additianai debt of Borrower secured by thi%
<br />Security Insmirnent unless It<•rrower and Lender agree to other ttrtns of paywcnt. these amounts shall bear interest from
<br />the date of dnburscment at tt;e Note rate and shall be pa)ahle. with intcrecr, upon none from 1 ctider to Borrower
<br />rrquetsingprynncnc
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