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<br />UNIFMM CQVENAwTs Borrower and Lender covenant and agree as follows 90-105716
<br />1. Payttntlt of Prineiptl told Ialstrastt Pmpayont aid bate 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 charges due under the Note
<br />2. Final fw Taxes am! Insumaee. 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- twredhh of. (a). yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly
<br />leasehold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />rnortMe 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 />Larder may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless
<br />Larder pays Borrower interest can the Funds and applicable law permits Lender to make such a charge. Borrower and
<br />Lender my atgm in writing that interest shall be paid on the Funds Unless an agreement is made or applicable law
<br />squires interest to be paid, Lender shall not be required to pal} Borrower any interest or earnings on the Funds. Lender
<br />*Ul 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 debts tto the Funds was made. The Funds are pledged a% additional %ecunty fur the sums secured by
<br />tbu Security Instrument.
<br />If the amount of the Funds held fiy 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 1k,nower or credited to &grower 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 till 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, I ender shall apply, no later
<br />than immediately prior t:i tot sale of the Property or its acquisition by Lender, any Funds hell! 13. Leader at the time of
<br />application as a credit against the sums secured by this Security instrument .
<br />3. Aplkation of Psytiaeals. Unless applicable law provides otherwise, all ppmnent% te%:esve,d by a.en4ier under
<br />paragraphs 1 and 2 shall be applied: first, to late charges due un ae, the Note; second, to prel+aymeni charges due under the
<br />Note; third. to amounts payable under paragraph 2 ; fourth, to interest due; and last, to principal due
<br />4. Charger, Liens. Borrower shall pay aUr -;axes, assessments, charges, fines and imposigwns .attributable to the
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<br />Property which may attaia priority over this Security Instrument, and leasehold payments or ground rents, if any.
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<br />Borrower slidI pay thew obligations nn the manner provided in paragraph 2, or if not paid in that manner. Borrower shall
<br />pay them on time directly to the persc)-n owed payment. Borrower .shall promptly furnish tit I ender all notices of amounts
<br />to be paid under this paragraph. If Borrower makes these payments directly. Borrower shall promptly furnish to Lender
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<br />receipts evidencing the payments.
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<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />aliases in writing to the payment of the obligation secured by the hen in a manner accepta-pu. to Lender; I h) t ontests in got d
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<br />faith the lion txv. or defends against enforcement of the lien in, legal proceedings which to -; : Lender's opm, in oper.,te to
<br />prevent the enforcement of the lien or forfeiture of any part (if the Property. t %r (c) sax rr•a from the hoidet of the hen an
<br />w3mament satisfactory to Leader subordinating thre lien to this Serunty Instrument If Lender detersatines that any pan ►if
<br />,11he Property is subject to, n lien which may attaou :%nonty over this Security Instrument, Lender may give Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within IU days
<br />of the giving of notice.
<br />S. Httursal Iasuratsee. Borrower shall keep the impro%ements now existing of hereafter erected on the Property
<br />insured against loss by Gore, hazards included within the term "extended coverage" and an► other haamrds for which Lender
<br />squires insurance. This insurance shall be maintained in the amounts and for the periods that/ Lender requires The
<br />insurance carrier providing the insurance shall be chosen hw Borrower subject to I ew.! _x's approval which shall not be
<br />unfem onably withheld.
<br />All insurance policies and renewals shall be acceptable to Lender and shall include a - tandard mortgage clause.
<br />Lender Shall have the right to hold the policies and renewals If Lender requires. Borrower shall promptly give to Lender
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<br />all receipts of paid premiums and renewal notices. in the event of loss. Borrower shall give prompt notice to the insurance
<br />carrier and Lender. Lender may make proof of loss t( not made promptly by Borrower
<br />Unless Lender and Borrower otherwise agree in w riling, insurance proceeds shall be applied to restoration or repair
<br />of the Property damaged, if the remorahon or repair is economically feasible and Lender's secunty is not lessened. If the
<br />restoration or repair is not economically feasible or Lender's %ccunty would be lessened, the insurance proceeds shall be
<br />applied to the sums secured by this Smunty Instrument, whether or not then due, with any excess paid to Borrower. If
<br />Borrower abandons the Property, or does not answer within 30 days a notice from lender that the insurance carrier has
<br />olferied tosettle a claim, theta Lender may collect the insurance proceeds tender may use the proceeds to repair or restore
<br />the Property or to pay sums secured by this Security Instrument, whether or not then due The 30-day period will begin
<br />when the notice is given.
<br />Uniiesas Lender and etormwer otherwise agree in writing, any appltcatton of prtwe"k its prtrw ipiii sniii iRn c8ia►u an
<br />postpone the due date of the monthly pnryment% reterrel to ui pal agraph% i and : %tr .hauge the amount of the payments If
<br />under paragraph 19 the Property is acquired by lender, Borrower'% right tit ins niwran..e ptthcne% and proi:eed% resulting
<br />from damage to the Property prior to the acqutsmon %hail pass to Lender tit the extent of the sums secured by this Security
<br />Instrument immediately prior to the acquisition
<br />0. Pn o n 0m tad Maintemwwe of Propertd; I.aeaseholds. Hornmer shall not destroy, damage or substantially
<br />change the Property, allow the Property to detenurate or commit %%a %te If thi% Smunty Instrument s% on a leasehold.
<br />Borrower shall comply with the provisions of the lease, and if Harrower acttuire%fee i %rle to the Property, the leasehold and
<br />fee title shall not merge unka Lender agrem to the merger rn isTartng
<br />7. Protsetioa of Leta kes Rkhtit is tM Progerrty: Afattgiagie Itrwraaee, If Bor"mer fails to perform the
<br />coventab and sgreemeats contained in this. Sty tun. a tn%r. ;mrr : . r rhr.r vs .s !egai r r-t eeding that may significantly alfeaef
<br />KAnder's rights in the Prapeny f%ucb a% a pr. seeding in hanitrupit y. rrca►ate i. •t ..oridemnarion (,ir tit enforce law% t►r
<br />rqulations), then Lender may down pay fat w hatr%ei i% nece %%ary tit protect the %aiue .f the Property and 1 ender'% nght%
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<br />in the Property Lender's actr,vv% may include paying am %um% %enured h% i lien which ha% pnorm o %er the% security
<br />Instrument. appannE in court. paying rca%onahle Attorney%' fees and entering on the Propert% to make repair% Although
<br />Lesadetattaay iakenction under this paragraph'. l ender doe%not hs%e undo %o
<br />Any amounisdisburwd by lender under thi %paragraph 7 shall hetome additntrtal debt ••r li.,riot•er %muted by iht%
<br />Saismy Instrument Unle% %Korrow•er and I ender agree to other terin%A pa%inew. iliew amount% %hall hear interest from
<br />the date of disbursement at the Nate Bair ant %hall he rd%tttlr. with nitrir %t. 01%-11 nwei,r It, -ItI Itntier to l4ott0wer
<br />requesting payment
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