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<br />90-- 105601
<br />UNIFORM COVENANTS Borrower and Lender covenant and agree as follows:
<br />1. Payment of Pirlacipal and Inttitvat= Prepayment and late Charltes. 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. Fates for Taxes and lasnranee. Subject to applicable 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 astimments which may attain priority over this Security Instrument; (b) yearly
<br />lessehold 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 trwstitution). Lender shall apply the Funds to pay the escrow items.
<br />Leader may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless
<br />i,.eader 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 earn ings on the Funds. Leir4eir
<br />shall give to Borrower, without charge, an annual accounaingof the Funds showing creditr and debits to the Funds and the
<br />pumpuse for which each debit to the Funds was made The Funds are pledged as additional security for the sums secured by
<br />thin Security Instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior tci
<br />the due data of t►he a icrow items, shall exceed the amount required t:% pay t he escrow items when due, t he excess shall Qtr,
<br />at Borrower's opiwn, either promptly repaid to Borrower or crodi:trd to Borrower on monthly payments of Funds. If the
<br />auKvw!l of the Funds held by Lender is not sufficient to pow the escrow items when due, Borrower shall pay to Lender any
<br />almOunt necessary, to make up the deficiency in one or more I+ayments 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 mild or acquired by Lender, lender shall apply, no later
<br />than immediately prior to the sale of the Property, or iim acquisinion by lender, any Fund% he:: h► Lender at the time of
<br />application as a credit against the turns secured by this Se► u my Instrument
<br />3. Appliradon of Payments. Unless applicable law provide% otherwise, all payment% rrceived by lbender under
<br />paragraphs 1 and 2 shall be applied: fiat. to late charges due under tine Note; second. to prepayment charges due under the
<br />Notr, third, to amounts payable under paragraph 2; fourth. tointeres•i due. and last, to principal due
<br />4. Charm Lim. Borrower shall pay all taxes, aswmineatti. charges, fine% and miromh om attributable to the
<br />Property which may attain priority over this Security Instrument, and ka%ehAd payment% tit ground rents, if any.
<br />Borrower shall pay thee: obligations in the manner provided in paragraph '. ni ie not paid in that manner. Borrower shall
<br />pay them on time directly to the person owed payment. Borrower shall prompt3v furnish to I critter all notices of amounts
<br />to be paid under this paragraph. If Borrower makes these payments directly. Harrower shall promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has pnonty over this Security Instrument unles% Borrower (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, lb) t.ontests in good
<br />faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender'% upmton operate to
<br />prevent the enforcement of the lien or forfeiture of any part of the Property; or (c) sec «s from the hoidet of the lien an
<br />agreement satisfactory to Lender subordinating the hen to this Security Instrument. If lender determines that any pan of
<br />the Property is subject to a lien which may attain priority over thi% Security Instrument. Lender may gme Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth at+ove within 10 day%
<br />of the S■iving of notice.
<br />.7. Hatrard lawraaee. Borrower xh_ill keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire. hazards included ow tthin the term "extended %overage" and any other hazards for w Inch Lender
<br />requires insurance. This insurance shall be maintained in the amount% and for the periods that lender requires The
<br />imurance carrier providing the insurance shall be chnwan by Borrower subject to Lender's approval which stall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall he acceptable In Lender and shall include a %tandard mortgage clause.
<br />Lender shall have the right to hold the policies and renewals. If Lender requires, Borrower %hall promptly gas to Lender
<br />all receipts of paid premiums and renewal notices In the event oaf lmi. Borrower shall gne prompt notice to the insurance
<br />carrier and Lender. Lender maw make proof of loss if n %.t made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in w ruing. insurance pri teed %%hall he applied to restoration or repair
<br />of the Property damaged. if the restoraeitm...t•.r repair i% ccotnomically feasible and Lender's security is not lessened. If the
<br />restoration or repair is not ecornwitwalGy teiuible or Lender's serum4, would be lessened, the dnsurancc prat ords shall be
<br />applied to the sums secured by ohm Seater.% 'Instrument., whether or not then due, with any excess paid tT Borrower. If
<br />Borrower abandons the Property. at does nit answer wndhin 30 days a notice from Lender that the insuaan.•e carrier has
<br />olleaied to settle a claim, then beater may collect the ire ,.,vaance proceeds. Lender may use the proceeds to r-tpuir or restore
<br />the Property or to pay sums secured by this Sotxunty laawrument, whether or not then due The 10-day rested wile beam
<br />when the notice is given.
<br />Unless L.en&r and Borrower oillem,ilsc agree in writing, any •pphcatstn of prtx:ced% tr pnnopat sttafp not eiii"d rw
<br />postpone the due date of the monthly payments referred t. in paragraph% I and 2 car change the amount Or the payments If
<br />under paragraph 19 the Property is acquired by Len: eer. Boamii,er's right to any insurance lit .hcie%arid pinkeed% resulling
<br />front damage to the Property prior to the acquisition shall puss to lender to the extent of the %urn% %ecureid by this SecunIy
<br />Instrument immediately prior to the acquisi ttan
<br />i. Prewvatlon and Mdetenance alPropetry#: leaselolds. Borrower %hall not dovffo damage or %ubstanhally
<br />change the Property, allow the Property to deteriorate or commit waste If tht% Security Instrument i% on a leasehold.
<br />Borrower shall comply with the provimons of the lease, and d&,rrower acyuore% fee title to the Property rare Ita%ehold and
<br />feetitk shall rid merge unless lender agrees to the merger in wiling
<br />7. Protection of Leader's Rights in the Property; Stortgne insurance. If Ilorrowcr fail% in p erfnwm the
<br />covenants and agreements contained in this Seeunty ln%trutrnent, or there i% a legal prtweedmg that may ssgmf►canrly affect
<br />Lender's rights in the Property (such a% a prtsceeding in hankruptt:y. probate. for .tmdemnatutn to t.• enfor.e law% or
<br />regulations), then Lender may do and pay for w hate%er is nece%%.an to primed the %alue of the Property and I.ender'% right%
<br />in the Property Lender's actions may include paying any %um%%ecured h% a lien %%hich ha% priorit% .•%et this Security
<br />Instrument. appearing in court, paying reasonable attorney %' fee%and entering on the Pntperty to make repair% Although
<br />Lender may take action under this paragraph 7, 1 ender dotes not hs%c to Qo %a
<br />Any amounts disbursed by Lender under tht% paragraph 7 %hall he.ome a.ldiuonal debt of tior rower %et, ured by this
<br />Security Instrument Ltnle%s harrower and 1 ender ague its tdhrt ire tit%A pa%ineut these amount• %hall heat uitete%t from
<br />the date of dnsbutwitieni at the Now rite and %hill tie p A.Wile. with inirre%t ul%..n ti,ai.c item i ender i.• Rvtnmer
<br />requesting payment
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