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<br />UNIFORM COVENANTS Borrower and Lender covenant and agree cis fiisilows:
<br />1. Payo l of Principal autd iaterast; Preptiywat sad Late Classes. Borrower shall promptly pay when due
<br />the principal of and interest on the debt evidenced by the )suite and an} prepayment and late charges clue under the Note.
<br />2. Folds for Tara and lasuraaee. Subjoin 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 win ("Funds ") equal to
<br />one- twelfth of: (a} yearly taxes and usessments which may attain pnonty over this Security Instrument; (b) yearly
<br />leasehold payments or ground rents on the Property, if any; (c) year)} hazard insurance premiums; and (d) yearly
<br />mortgage insurance premiums, if an). These items are called "escrow items." Lender may estimate the Funds due on the
<br />basis ofeurrent data and reasonable es timates 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 />Leader 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 cm the Funds. Lender
<br />WWI give to Borrower. without charge, an annual accounting of the Fume, ,i -u %wing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made The Funds are pledged ss addinkonal secunty for the sums secured by
<br />this Security Instrument.
<br />If the amount of the Funds heW by Lender, toVil or with ¢the fviure monthty pay m+enis of Funds pawa,ble pnor to the due data of the escrow items, shall exceed *- am%urn required u% vav the escrow mesas When d ue, the excess shall be,
<br />at Borrower's option, either promptly repaid to *1orrower or credited rt.• Borrawa (nm mointlhdk pti}•ments of Funds. If the
<br />amount of the Funds held by Lender is not su9gictent to pay the escrow items when ;due, Her -ouvr shall pay to lender any
<br />axis isnt 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 Secunty lnstrutntnl, Lender shall promptly rcfund to Borrower
<br />any Funds held by Lender. If under paragraph 19 the Property is sold of acquired by Lender, Lendes shall apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by lender, any funds lick; i:y winder at the time of
<br />application asa credit against the gums secured by this Sm-utiii irisirtimeiit
<br />J. Appliesdon of Psymab. 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, to amounts payable under paragraph 2. fourth. to interest due, and last, to principal due.
<br />4. Cluirgss; Lima. Borrower +shall pay all taxes assessments, charges, fines and impositions attributable to the
<br />Property which may attain pnonty over this instrument. nstrument, and leasehold payments car ground rents, if any.
<br />Borrower shall pay theses obligations in the manner provided in paragraph 2. tit of not paid in that manner. Borrower shall
<br />pay them on time directly to the person owed payment Harrower shall prrtmpt1) furnish to I eater all notices of amounts
<br />to be paid under this paragraph. If Borrower makes thew payments directly, Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has pnonty over this Secunty Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender, (h) t tmte%1% in got d
<br />faith the lien by, or defends against enforcement of the hen on, legal proceedings which in the Lender's opinion operme to
<br />prevent the enforcement of the lien or forfeiture of any part of the Property. or (c) sec.:res from the holder of the hen 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 gi%e 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 />of the giving of notice.
<br />S. Hessird last rism. Borrower shall keep the improvement, now existing or hereafter erected on the Properly
<br />insured against loss by fire, haurds included within the term "extended coverage" and any other hazards for which Lender
<br />requites insurance. This insurance shall he maintained in the amounts and for the periods that Lender requires The
<br />insurance carrier providing the insurance shall be chosen by Borrower %ub)nl to Lender'% approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall he acceptable to Lender and shall include a standard mortgage clause.
<br />Lender shall have the nght to hold the policies and renewals If Lender requires, Borrower shall promptly give to lender
<br />all receipts of pud premiums and renewal notices. In the event of Ices. Borrower shall give prompr nonce to the insurance
<br />carrier and lender. Lender may make proof of loss if not made promptly by Horrower
<br />Unless Lender and Borrower otherwise agree in writing, insurance prtweeds shall he applied to restoration or repair
<br />of the Property damaged, if the restoration or repair is economically feasible and I Crider'% security is not lessened. If the
<br />restoration or repair n not economically feasible or Lender's security would he lessened, the insurance proceeds shall be
<br />applied to the sums secured by this Smunly Instrument, w hither or not then due, with any excess paid to Borrower If
<br />Borrower abandons the Property, or don not answer within 30 days a notice from Lender that the insurance corner has
<br />offered to settle a claim, then Lender may collect the insurance proceeds Lender may use the proceeds tit repair or restore
<br />the Property or to pay sums secured by this Security Instrument, whether ear not then due The 30-day period will begin
<br />Unless Lender and Burrower otherwise agree in v sting, any application of proceed% a► principal %hall not extend or
<br />postpone the due date of the monthly pay menu referred to in paragraphs I and 2 ear change the amount of the payments. If
<br />under paragraph 19 the Property is acquired by Lender. Borrower's right to an% imurar;e p -hoes and prkeed, m4uhing
<br />from damage to the Property prior to the acyumtkw► iht,&:c ;tnwr v to I - ettdler °.c the Wriml rid rase aumi% serureo the this'Secturmty
<br />instrument immediately prior to theacquus,nrrrat
<br />L WY rawer shau; n.:i de,otr.ra . damage or vuasianotafl?
<br />change the Property, alto* the Prtnwor to dettrrr. rate .rn .:ommiu wawa If this Set:,uuisi Instrdunwnr, c +,00 a leasehold.
<br />Borrawer shall comply with thvp#%Nvtywwi► of the tease a�7Muire% fee fait t,t the Protoevay the leasehold and
<br />fee title shall not merge unless Lender ag►eet rn the merger ni a rating
<br />7. Protection of Lesder's Bight: in the Property; %lorttpiitr Insurance. If hot ttv%,e- fail, to perform the
<br />covenants and agreements contimcd in this Set.uniy Ingo uurcni. to there i% a legal prixeeding that may significantly affes i
<br />Lender's rights in the Property tsuch a% a prika:d►ng in hankruptry. probate. for condemnation or to enforce laws or
<br />regulations). then Lender may do and pay for whate%er i% neceswry at protect the %alue at the Propert% and I ender'% nght%
<br />in the Property Lender's actions ma} include pa%tng am wm, %nured h% a hen w hi.h ha% pronto o%er the% Secunt%
<br />Instrument, appearing in court. paying reolumahle attornev% lee%and en►eting -nn the 11nopert% to make repair% Alih,titgh
<br />Lender may take action under this paragraph '. I ender din not has a it, do %o
<br />Any amounts dishuried by 1 ender under the, paragraph 7 %hall he.,•me .idd,n,or►al ,leht A Miriowrt %e. used h% thi,
<br />Security Instrument I'nle„ Horrttwer and I endei 3give to oilier tern►% 1 pa \merest th" amowit% %hall hear nttere,t (runs
<br />the date cif dnhursemen► at the Now race and .hill be tai.alAr. wtrh uitt•rr.t 11rot, nrn,e tiom I ender t,, W,rrower
<br />requesting payment
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