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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree as follows
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shag promptly pay when due
<br />the principal of and Interest on the debt evldenced by the Note and any prepayment and Isle charges due under the Note.
<br />Z, Funds for Taxes and Insurance. subject to appgcs:tie law or to a written waiver by tinder, Borrower shag pay to
<br />Leader on the day monthly payments are due under the Note. until the Note is paid In fug, a sum ("Funds ") equal to one•twelflh of:
<br />yearly takes and assessments which may attain priority over this security Inalrumont; (b) yearly lessehold payments or ground rents
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<br />an the Property, If any; (c) yearly hawd insurance premiums: and (d) yearly mortgage Insurance premiums, If any. The none are called
<br />"escrow Items." Lander may estimate the Funds due on the basis of current data and reasonable estimates of future escrow Hams.
<br />The Funds shag be held In an institution the deposits or accounts of which are Insured or quarenteed by a federal or state agency
<br />(Including Lander g Lender is such an Institution). Lender shag apply the Funds to pay the escrow items. Lender may not charge for
<br />holding and applying the Funds, analyzing the account er woriybg the escrow gems, unless Lender pays Borrower Interest on the
<br />Funds and appaabte low pennilts Lender to make such a charge. A charge assessed by Lender in connection with 8anower's entering
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<br />into this Security Instrument to pay the coal of an independent tax reporting service shall not be a charge for purposes of the preceding
<br />sentence. Borrower and Lender may agree In writing that interest shod be paid on the Funds. Unless an agreement Is shade or applicable
<br />law roWleas interest to be paid. Lender shelf not be required to pay Borrower any interest or earnings on the Funds. Lender shall give to
<br />Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each
<br />dabit to the Funds was made. The Funds are pledged as additional security for the sums secured by this Security Instrument.
<br />If the amount of the Funds lhn1d by Lander, together with the future monthly payments of Funds payable prior to the due dates of
<br />the escrow Items, shag exceed the amount required to pay the escrow items when due, the excess shan be, at Borrower's option. abhor
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<br />prompty, repald to eonewer or aecilled to Borrower on monthly payments of Funds. If the amount of the Funds held by Lendrtr is not
<br />sufficient to the esctowv items when due, Borrower shag to Lender an amount necessary pay pay y eery to make up the detidency in one or
<br />rnore payments as required by .ender.
<br />Upon payment In fug of a0 :Bums secured by this Securc,j Instrument, Lender shall z iomptly refund to Borrower any Funds held by
<br />Lender. If under paragraph 19 the Property Is sold or acquired by Lender. Lender shall apply, no falter then immediately prior to the sale
<br />of the Property or its acquisition by Lander, any Funds held by Lender at the time of application as a credit against the sums secured
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<br />by this Security Instrument.
<br />3. Ajpplication of Payments. Unless applicable law provides otherwise, at payments received by Lender under paragraphs 1
<br />and 2 shag be applied: first, to 'ate charges due under the Note; second, to prepayment charges due under the Mote: third, to amounts
<br />payable under paragraph 2: fourth, to Interest due; and last, to principali due.
<br />4. Charges; Liens. Borrower shag pay all taxes, assessments, charges, fines and Inpos;tions attributable to the Propehl,, which
<br />may attain priority over this Se :udty Instrument, and loasiohold payments or ground rents. If any. Borrower shall pray these obligaWrfs 0
<br />thi• manner provided In paragraph 2, or l not paid In that manner, Borrower shall .»y them on time dirocliy to the person owed
<br />payment. Borrower shall promptly furnish to the Lender all notices of amounts to be p,ard under Ibis paragraph. it Borrower makes these
<br />payments c lrectl� , Borrower shall promptly furnish to Lender receipts evrclencing the payments.
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<br />Borrower sheiJ promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) agrees in writing to
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<br />the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good faith the lien by. or defends
<br />against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to prevent the enforcement of the lien or
<br />forleifure of any pan of the Property; or (e) secures from the holder of 11e ken an agreement satisfactory to Lender subordinating the lien
<br />to this Security Instrument. If Lander determines that any part of the Properly Is subject to a ken which may attain priority over this
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<br />Security Instrument, Lender may give Borrower a notice Identifying the tiers. Borrower shag satisfy the ken or take one or more of the
<br />actions set forth above within 10 days of the giving of notice.
<br />5. Hazard Insurance. Borrower shag keep the Improvements now existing or nereafter erected on the Property Insured against
<br />loss by fire, hazards Included within the term "extended coverage" arud any other hazards for which Lender requires insurance. This
<br />Insurance shag be maintained in the amounts and for the periods that Ler :ter requires. The insurance carrier providing the Insurance
<br />shag be chosen by Borrower subject to Lender's approval which shag not be unreasonably withheld.
<br />Pv'nsurance policies and renewals shag be acceptable to the Lender and shall include a standard mortgage clause. Lender shall
<br />have the right to hold the policies and renewals. It Lender requires, Borrower shall promptly give to Lender ail recepts of paid premiums
<br />and renewal notions. In the event of loss. Borrower shall give prompt notice to the Insurance carrier and Lender. Lender may make
<br />proof of foss if not made promptly by Borrower.
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<br />'Jolesa Lender and Borrower otherwise agree In writing. insurance proceeds shag be applied to restoration or repair of the Property
<br />damaged, If the restoration or repair is economically feasible and Lender's secunty is rat lessened II the restoration or repair Is not
<br />economically feasible or Lender's security would be lessened, the insurance proceeca shag be arlshed to the sums secured by this
<br />Security Instvuniararir :. whether or not then due, with any excess paid to Borrower if Borrower abandons the Property, or does not answer
<br />within 30 days :a noke from lender that the Insurance carMer has offered to settle a claim, inen. _ender may collect the : rsurance
<br />broiled•. Lender may use the proceeds to repair or relto,v ".he kainertw or to oav sums secured by this Securdu Instrument whadher
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<br />or not then due. The 30-day period will boo when the nrbce is giuen
<br />Unless Lander and Borrower otherwise agree In writing, any application of proceeds to principal shall not extend or postpone the due
<br />date of the rnon'Aiy payments referred to In paragraph 1 and 2 or ctiange the amount of the payments If under 19 the
<br />Property is acquired by Lender, Borrower's right to any insurance policies and proceeds resulting from damage to the Properly prior to
<br />tine acquisition shall pass to Lender to the extent of the sums secured by this Security Instrument Immedialdy prior to the acquisition
<br />6. Preservation and Maintenance of Property; Leaseholds. Borrower shall not destroy. damage or substantiai!y
<br />change the Property, show the Property to deteriorate or commit waste. II this Security Instrument is on a leasehold. Borrower shag
<br />comply with the provisions of the lease, and If Borrower acquires fee title to the Property, the leasehold and fee btle shag not merge
<br />unless the Lender agrees to the merger in writing.
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<br />7. Protection of Lender's Rights in the Property; Mortgage Insurance. If Borrower fads to perform the covenants
<br />and agreements contained In this Security Instrument, or there is a legal proceeding that may, significantly affect the Lender's right in the
<br />Property (such as a proceeding In bankruptcy. probate, for condemnation or to enforce laws or regulations). then Lender may do end
<br />pay for whatever is necessary to protect the value of the Property and Lander's rights in the Property. Lender's actions may Include
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<br />paying any sums secured by a ken which has priority, over this Security Instrument. appearing in court. paying reasonable attameys'
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<br />fens and entering on the Properly to make repairs. Although Lender may take action under paragraph 7. lender does not have to do so
<br />Any amounts disbursed by Lender under paragraph 7 shall become additional debt of 13citoo it %ecumd by this 5ecuidy Insliumetit
<br />Unless Borrower and Lender agree to Other It -rins of paynieid. Itit-'e ununrnf•, "ha:; U,•.0 u,t, „• .t I,. ,., 1.ifr - t I. •t,t .• n --ni it it,i, N,.r,,
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<br />rate and shah be payable, upon nonce Irani Lender to Horrowe•r requesting paymetil
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