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<br />90---105548
<br />UNIFORM COVENANTS Borrower and Lender covenant and agree as follows:
<br />1. Payment of Prinelpal and interest; Prepayment and i.ate 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 charge-, due under the Note.
<br />2. Funds for Taxes and Insurance. Subject inapplicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender 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 />Itaschold 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 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 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 />!.ender pays Borrower interest on the Funds and applicable taws 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 Borrower, without charge, an annual accounting of the Funds sllowi:trg credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as alitional security for the swms secured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly paymeals 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 />i amount of the Funds held by Lender is not sufficient to pay the escrow items when due, Honnswer shall pay to Lender any
<br />amount necessary to make up the deficiency in one or more payments as required by Lender.
<br />Upon pal: ?lent in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower
<br />any Funds held is .y Lender. if under paragraph 19 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. Application of Payments. 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, tQ amounts payable under paragraph 2; fourth, to interest due; and last, to principal due.
<br />i. Charger Lieas. Borrower shall pay ail taims, assessments, charges, fines ant' impuaitiolr. ;se 4Viutablc to the
<br />Prtil!i.r } which rnay attain priority.over this Secud:i. Instrument, and leasehold payments or groinui rents, if any.
<br />Borrower shall pay these obligations in the manner pnwided 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
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<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)_
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<br />agrees in writing tothe payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests to good
<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 any part of
<br />the '.Property is subject to a lien which may attain priority over this Security Instrument, Lender may Base Borrower a
<br />{ nol,ire identifying the lien. Borrower shall satisfy the lira or take one or more of the actions set forth abo%v within 10 days
<br />of the giving of notice.
<br />S. Hazard insunace. Borroos,er shall keep ihtt improventa•T,is now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards indatdcd within a,he term "extended coverage" and any oo i her hazards for which Lender
<br />requires insurance. This insurance yhull be maintained in the amounts and For the peno%ds that Lender requires. The
<br />insuc4nce carrier providing the insurance shall be cVocsen 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 o, 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 />'to
<br />all receipts of paid premiums and renewal notices. in tMc event of loss. Borrower shall give prompt notice the insurance
<br />carrier and Lender. Lender may make proofof loss if om made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance pr Iced% shall he u; ;rued to restoration or re.pmr
<br />' of the Property damaged. if the restorauarr. or repair is economically feasible and Lender's �..urity is not lessened. Of alts
<br />restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shadi be
<br />applied to the sums secured fay. this Security instrument, whether or not then clue. with any excess paid io Borrower. If
<br />ilkwT twer abandons the Property, or does not answer within 30 days a notice firv,n Lender that the Insurance carrier has
<br />d&-red to settle a claim, then Lender mac collect the insurance proceeds. Lender may use that proceeds w repair or rtesa_ore
<br />i the Property uor st,, pay sutn% secured nays atrwc Security instrument. wlrther vi not then due The 30 -slay l•erio d will --t,egtn
<br />when the notice is given.
<br />! Unless Lender and Borrower othersslac agmv err writing, any application of proceed% to principal shall not extend or
<br />postpone the due date of the monthly pajawous referred to in paragraphs I and 2 or change t he amount of nhe payments. If
<br />under paragraph 19 the Property is acquir•.P�d by Lender. Borrower's right to any inwrance pnlcies and proceeds roulting
<br />from damage to the Property prior to The acquisition shalt pas% to Lender to rite eaieni of ire sum% Securest by this aecunly
<br />Instrument immediately prior to the wquistion.
<br />6. Preservation and 1laintensaee of Property; Leaseholds. Burrower %hall nut dcstro) . d,image or submantwlly
<br />change the Property. alkm the Property to clacriotate or commit waste. If the% Security Instrument i% ten a leasehold.
<br />Borrower shall comply with the pro• im n% of the lease. and if Boarrower acquires fee title to the Propert). the lea%eht•ld and
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<br />fee title shall not merge unlc%% Lender agrees to the merger in writing
<br />7. Protection of Lender's Rights in the Property; %fortwite Insurance. If Borrower falls to perform the
<br />covenants and agreements contained in this Security Instrument. it there i% a legal pr cccdi og that ma) significantly aff t
<br />Lender's rights in the Properly (such as a provenling in bankruptcy. probate. fur condemnation or to enfiorce law% tit
<br />regulation%), then Lender may do and pay tor uhateser i% nectmary to protect the salue if the Property and I ender'% rl ht%
<br />in the Properly. Lender'% action% may include paying any wms Secured h% a lien which ha. priority o%cr this %tcunty
<br />Instrument, appearing in court, paying reasonable attorney%' fees and entering on the Proper!% to make repairs Although
<br />I Lender may take action under this paragraph 7. Lender due% nil ha%e ao do %o
<br />L Any amownls di%bur%cd by I ender under this paragraph 7 %hall hrcome additional deM 1 -t IhirI m% r wt. tort-ti h% Uri%
<br />Security Instrument Unle%% t1ortowet and I endet agree to !other lerlll%tit h.l%tllchl. thc%v atll uw% %hall Ix-at iniciv%i froto
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<br />the date of di%bumnlent at the Note rate and .hall hr Im%aldc. wnh mirlr%t ufwm online tr.mt I cutlet t,. 140M•urt
<br />EMU
<br />requesting payment
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