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<br />105655
<br />UNIFORM COVENANTS Borrower and Lender covenant and agree as. follow%;
<br />1. Paytaent of Principal and Interest; Prepayment and Late Charges, Borrower %hallVpromptly 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. Funds for Taney and Insurance. Subject to applicahle 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, (h) yearly
<br />leasehold 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 an 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 />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 Borrower, 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 for 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 to 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 by 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 I and 2 shall he applied: first, to late charges due under the Note; second, to prepayment charges due under the
<br />Note, third, to aiwounts pay ibic under pin agraph 2; fourth, to inicrcat due; and last, (u principal due.
<br />-d. CbarM- Liens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br />Property which may attain priority. over this Security Instrument, and leasehold payments or ground rents. if any.
<br />Borrower shall pay these obligations in the manner provided in paragraph 2, or if not paid in that manner, Borrower shall
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<br />pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<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)
<br />agrees in writing to the payment of the obligation secured by the lien to a manner acceptable to Lender; (b) contests in good
<br />faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to
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<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
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<br />agreement satisfactory to Lender %ubordinating 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 gsi-� D orrower a
<br />notice identifying the lien. Borrower 4&aU stir, us�v alie lien or take one or more of the xcions wr, Coeh aboure a-Athin 10 days
<br />of the giving of notice.
<br />S. Hazard Insurance. Wrtrroavr shall keep 41,w rrenprovement. crow entsunc -ear hereafter erected 4,w. he Property
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<br />insured against loss by fire. hs>~ n,'fs included w,a kin the terrT. "extended coverage " u:r;.' any other hazards fkw w. ! uh Lender
<br />requires insurance. This insurance shall be rrtatntained Jot the amounts and for (he periods that Lender r,-Nuires. The
<br />insurance carrier pri raiding the insurance shall be chosen Q►y Borrower subject to Lender's approval which ahail not iris
<br />unreasonably wiuhlye'id.
<br />All insurance policies and renewals shall be accepltatsle to Lender and shall include a standard mortgage clausse.
<br />Lender s1aA have the right to hold the policies and renew4h. Of Lender requires, Borrower shall prompt4 Itrv.e to Lender
<br />all recapis of paid premiums and renewal notices. In the went of 1smss, Borrower shall give prompt notice it) rthe insurance
<br />carria and Lender. Lender may make proofof k>Ss if not made prempdt usy Borrower.
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<br />j Vniess Lender and Borrower other*iw agree in writing. insurance proceeds shall be applied to restoration or repair
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<br />of the Ptssoperty damaged, if the restoration or repair is economically feasible and Lender's security is not lessened. If the
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<br />restmaw. n or repair is not economically feasible or Lender's security would be te...rned, the insurance praticeds shall be
<br />! applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid for lorrower. If
<br />Borrower abandons the Property. or doe% not answer within 40 days. ,e. t%.1,1 we from Lender thac the inwrance carrier has
<br />offered to settle a claim, then Lender may colfara the insurance pFt%' l +. Lender may use the proceed, to repair or restore
<br />the hn,,perty or to pay sums secured by this Security instrument, whether or not then due. The D-day penc-d will begrn
<br />when dw notice is given.
<br />Unless lender and Borrower otherwise agree in w rising, any 2pphcation of proceed% to principal shall mere extend of
<br />postpone the due date of the monthly payments referred to to paragraphs 1 arki 2 or change the amount of the paymcnrs If
<br />anuc1- paragraph 14 the Prarperiy is acquired by Lender. ntsrrvwer -, right in an) insurance policies and prtweeds resuirsng
<br />frogs, darnage to dot Property prior to the acquisition shall. pass to Lender to the extent of the sums %inured h} this Security
<br />hnrrusnent immediately prior to theacquisition.
<br />6, Preservation and Maintenance of Properly; Leaseholds. Borrower shall not destroy, damage or substantially
<br />change the Property, allow the Property to deteriorate or commit waste. If this Seeurtty Instrument t% 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 />'f. Protection of Lender's Rights in the Proprty; Mortgage Insurance. If Borrower fads to perform the
<br />covenants and agreements contained in this Security Instrument. or there t. a legal prtcet log that may stgmficantly affect
<br />Lender's rights in the Property (such as a proceeding in bankruptcy. probate, for condemnation or to enforce law% or
<br />regulations), then Lender may do and pay for whatever is necessary to protect the salue of the Property and Lender'. right.
<br />in the Property. Lender's actions may include paying any sums ;toured by a lien which has priority rs er this Security
<br />Instrument, appearing in court, paying reasonable attorneys' fees and entering on the Property to make rcratr% Although
<br />Lender may take action under this paragraph 7, Lender does not has a to do s,o
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<br />Any amounts disbursed by Lender under this paragraph 7.hall become additional debt oil Kirrimcr .c.:vred h� the.
<br />Security Instrument. Unless Borrower and lender agree to other terms of payment. these ,nonmt. %hall her r werett from
<br />the date of disbursement at the Note rate and .hall he pa%attic, with nstcre%1. u1XIII nont.r Iron 1 vldrt ro Itorntwer
<br />requesting payment.
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