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<br />UNIFORM COVENANTS, fformwer an() Londor covenant and agree as follows:
<br />1. Payment of Principal and Interest; PrepAytnent and Late Charges. Borrower shall promptly pity when due the principal of and
<br />interest on the debt evidenced by the Note and any prepayment and late charges due under the Note,
<br />2. (tads for Tines and Insuranca Subject to applicable law or to a written waiver by Lender, Borrower shall pay to Lender on the
<br />day monthly payments are due under the Note, until. the Note is paid in full. a sum ( "Funds ") equal to one - twelfth of. (a) yearly taxes
<br />and assessments which may attain priority over this Security Instrument; (b) yearly leasehold payments or ground rents on the Property,
<br />if any; (c) yearly hazard insurance premiums; and (d) yearly mortgage insurance premiums, if any. These items are called "escrow items"
<br />Lender may estimate the Funds due on the 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 state agency
<br />(including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items. Lender may not charge for
<br />holding and applying the Funds, analyzing the account or verifying the escrow items, unless Lender pays Borrower interest on the Funds
<br />and applicable lawn permits Lender to make such a charge. A charge assessed by (.ender in connection with Borrower's entering into
<br />this Security Instrument to pay the cost 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 shall be paid on the Funds. Unless an agreement is made or applicable
<br />law requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender shall give
<br />to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which
<br />each debit 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 held by Lender, together with the future monthly payments of Funds payable prior to the due dates of
<br />the escrow items, shall exceed the'amount required to pay the escrow items when due, the excess shall be, at Borrower's optiom,either
<br />promptly repaid to Borrower or credited. to Borrower on monthly payments of Funds. If the amount of the Funds held by Lender is
<br />not sufficient to pay the escrow items when due, Borrower shall pay to Lender any amount necessary to make up the deficiency in one
<br />or more payments as requited by Lender.,
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower any Funds held
<br />by Lender. If under paragraph 19 the Property is sold ar acquired by Lender, Lender shall apply, no later than immediately prior to
<br />the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of application as a credit against the sums
<br />secured by this Security Instrument.
<br />3. Applltation of Payments. Unless applicable law provides otherwise, all payments received by Lender under paragraphs 1 and 2
<br />shall be applied: first, to late charges due under the Note, second, to prepayment charges due under the Note; third, to amounts payable
<br />under paragraph 2; fourth, to interest due; and last, to principal due.
<br />4. Charges; Lens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the Property which may
<br />attain priority over, this Security Instrument, and leasehold payments or ground rents, if an}: Borrower shall pay these obligations in
<br />A. the manner provided in paragraph 2, or if not plaid in that manner, Borrower shall pay them -on time directly to. the person owed pay-
<br />ment. Borrower shall promptly-furnish to Lender all notices of amounts to be paid under this paragraph. If Boirrowcr Oakes these payments
<br />dinrtlyo, !t -m -wer shall promptly . fltrnish to Lender xec ei `�.iS evidencing the � •S•.r ^.to.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower. (a) agrees in writing
<br />to 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 pr+occedings which in the Lender's opinion operate to prevent the enfomementt -of the tier. or
<br />forfeiture of any part of the Property; or (c) secures from the holder of the lien an agreement satisfactory to Lender subordinating
<br />the lien to this Security Instrument. if Lender determines that any part of the Property is subject to a lien which may attain priority
<br />over this Security Instrument, Lender may give Borrower a notice identifying the lien. Borrower shall satisfy the Heat or take one or
<br />more of the actions•sa forth above within 10 days of the giving of•notice.
<br />S. Hazard Inaariitrreia Borrower shall: keep the improvements now existing or hereafter erected on the Property insured against loss
<br />by fire; hazards included within the term "extended coverage' and any other hazards for which Lender requires insurance. This insurance
<br />shall bq maintained in the amounts and for the periods•that Lender requires.,The insurance carrier providing the insurance shall be
<br />chosen by Borrower subject to Lender.'$ approval which shall not be unreasonably withheld.
<br />.All insurance policies and renewals shall be acceptable to Lender and shall include a sitandard mortgage clause. Lender shall have
<br />the tight to hold the policies and" renewals. If Lender requires, Borrower shalt promptly give to Lender all receipts of paid premiums
<br />and nm4wal notices. In the event of loss, Borrower shall give prompt notice to the fsurance carrier and Lender. Lender may make proof
<br />of lass if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be app! -eri to restoration or tepaii of the Property
<br />damaged, if the restoration or repair is economically feasible and Lender's security is not , lessened. If the restota#gn or repair is not
<br />economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the. sums secured by this Security
<br />Instrument, whether or not then due, with any excess paid to Borrower. If Borrower abandons the Propet:ty, or does not answer within
<br />? 30 days a notice from tender that the insurance carrier has offered to settle a claim, then Lender may collect the insurance proceeds.
<br />Lender may use the proceeds to repair or restore; the Property or to pay sums secured by this Security Instrument, whether or: not then
<br />dare. The 30-day period will begin when the notice is given.
<br />Unless Under and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or postpone the
<br />due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments. if under paragraph 19
<br />the Property is acquired by tender, Borrower's right to any insurance policies and proceeds resulting from damage to the Property prior
<br />to the acquisition shall pass to Lender to the extent of the sums secured by this Security Instrument immediately prior to the acquisition.
<br />6. Preservation and Maiate ume of Property; Imseholds. Borrower shall not destroy, damage or substantially change the Property,
<br />allow the Property to deteriorate or commit waste. If this Security Instrument is on a leasehold, Borrower shall comply with the provisions
<br />of the lease, and if Borrower acquires fee title to the Property, the leasehold and fee title shall not merge unless Lender agrees to the
<br />merger in writing.
<br />7. Protection of Under's (tights in the Property; Mortgage insurance- if Borrower fails to perform the covenants and agreements
<br />contained in this Security Instrument. or there is a iegal proceeding that may significantly affect Lender's rights in the Property (such
<br />as a proceeding in bankruptc34 probate, for condemnation or to enforce laws or regulations), then Lender may do and pay for whatever
<br />is necessary to protect the value of the Property and Lender's rights in the Property. Lender's actions may include paying any sums
<br />secured by a lien which has priority over this Security Instrument, appearing in court. paying reasonable attorneys' fees and entering
<br />L on the Property to make repairs. Although Lender may take action under this paragraph 7. Lender does not have to do so.
<br />Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Borroucr secured by this Security Ins!ru-
<br />ment. Unless Borrower and Lender agree to other terms of payment, these amount~ shall bear interest from the date of disbursement
<br />at the dote rate and shatl be payabl:, xith interest, upon notice from Lender to Boit-wAw iL4uv tnrg pa ynrent.
<br />If Lcnder required mortgage insurance as a condition of making the loan secured by this Scrurrt% Instrument, forrower shall rat
<br />the premiums required to maintain the insurance in of test until such time as the requirement for t1e lnsurinre• terminates in .rc.r. Ef•m�c
<br />with liti e►ar!•s and Lender's written agreement nr aprl,cahle lays.
<br />X. Inspection. lender or 1rs apent may make reasonable entries nprvr .rnd ;wqv ,f101,. ,,t 111C P101uv1s I cnLfer 11401 .rr.: 110-111scl
<br />nutue W the ttnx• 0 14: 1111or to an insrecuntr st►cLrtyrny, 1casrm;5hle: ;1111c ?k •r nct r:, i,
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