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<br />UNIFORM COVENANTS. Borrower and Lender covenant and agree asfallcwi W-104353
<br />1. Psyn at of Prindp i and Interest; Prepsyareat asd Lae Char L &m. wtt shall promptly pay when due
<br />the principal of and interest on the debt evidenced by the Note and any prepayment anti latecharges due under the Note:
<br />2. Fa■is for Taxes and Lavereaee. Subject to applicable law or to a written wsivOr by Lender, Borrower shall pay
<br />to Lerider c n the day monthly payments are due under the Note, until the Note is paid. ip:full, a sum ( "Funds ").equal to
<br />one - twelfth of: (a) yearly taxes and assessments which may attain priority fiver thi , ,security Instrument; (b) yearly
<br />• leasehold payments or ground rents on the Property, if any; (c) yearly Hazard. insurance premiums; and (d) yes4,p.
<br />amortgW insurance premiums, if any. These items are called "escrow items:" Leader may estimate the Fuw&dugszit ;
<br />basis of dirt data and reasonable estimates of future escrow items
<br />'lfhe innd�.sW be held in an institution the deposits or accQUlflr€ qhf It t +arod.gr."guaranteed ti
<br />sate tqc( �dertder if Lender is sir,an institution
<br />>nsY C !?iti�; ). L=i,I. " s t.t� pay the escrow iteo:.: ".
<br />Larder may not cl ; or "hoiilins and apptpieg the Funds, anal i >?e � x crify'.rrg the escrow item unitii i c.y : =,; ''F
<br />Lontder pays Borrower Merest on the Funds and applicable law 1 � to- make such a charge. Borrower ante l
<br />Larder may agree in writing that 'interest shall be paid on the Funds. Unidsa aw agreement is made or applicable law
<br />requires interest to be paid. Lender shall not be required to pay Borrower any intared or earnings on the Funds. Lender
<br />shall give to Borrower. without charge, an annual accounting of the Funds showieg credits and debits to the Funds and the•
<br />ptrrpose 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 Nature 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 lttstrument, Lender shall promptly refund to Borrower
<br />any Funds held by Lender. If under paragraph 19 the Property is sold or acquired I+y Lender. Lender shall apply, no later
<br />than immediately prior to the sale of the Property or its acqumition by .Lender. any Funds held by Lender at the time of
<br />application as a credit against the sums secured by this Security Listriment,
<br />3. Applies" of Psyntats. Unless applicable law pravede% 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 amounts payable under paragraph 2; fourth, to interest due; and last. to principal due.
<br />d. Charges; Liens. Borrower shall pay all tulles, assessments, charges. fines and impositions attributable to the
<br />Property which may attain priority. over this Security instrumvvt: and leasehold payments or ground rents. if any:
<br />Bdmower shall pity Okese obligations in the manner provided in parag,-r4yr Zor ifnot paid in that manner. Borrower shall." :
<br />pay them on time strictly to the person owed payment. Bisrr aa!sr sh.TJsmpt Ly famish to Lender all notices of amount$
<br />to be paid under tWgaragraph. if Borrower makes these payments 6:=. tly, Borrower shall promptly furnish to Lender:
<br />receipts evidencing tote payments.
<br />Borrower snail promptly discharge any lien which has priority +Yver 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 goad
<br />faith the lien by. or defends against enforcement of the litin in, legal proceedings which in the Lender's opinion operate to
<br />pxetmsc"the enforcement of the lien or forfeiture; of any-pan of the Property; or (c) secures from the holder of fh-t W-n,au
<br />agrietttent satidt nary to Lender subordinating the lien to this Scaumsy, Instrument. If Lender determines that any part of"
<br />the Property is sab to a lien which may attain priority over Arlin 1—ficurity lnitrument, Lender may give Borro -Avila
<br />notice identifying-OWlino. Borrower shall satisfy the lien or take orwot. more of the actions set forth above within 10 dxa a
<br />of the giving oaf notice.
<br />S. Hazard Iawrawt. Borrower shall keep the improver,:cxl�h, -iow exeat nS or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the term "exterriN i; obverage" and any other hazards for which Lenox
<br />requires insurance. This insurance shall be ittointained in the am(=ts and for the periods that Lender requires. 7i;:,:
<br />insurance carrier providing the insurance "s%al1 be chosen by Borrower subject to Lender's approval which shall not be
<br />,unreaarAvOtlyr "withheld.
<br />Altus policies and renewals shall be acceptable to Lender and shall include a standard mortgage Clause
<br />Lendoir shall hxlit the right to hold the policies and renewals. If L atak : requires, Borrower shall promptly give to Leri,dl&
<br />all receipts of paid' premiums and renewal notices. In the event of Sorrowe: shall give prompt notice to the insurt 1;r; "
<br />carrier and Lender. Lender may make proofof loss if not made promGC,y- by Borrower,
<br />Unless Lender and Borrower otherwise agree in writing. insurivi -,T proceeds shall be applied to restoration or repair
<br />of the Property damaged. if the restoration or repair is economically tirasible and Lender's security is not lessened. If the 7F
<br />restoration or repair is not economically feasible or Lender's secu-ll), would be lessened, the imutance proceeds shall -rte:
<br />applied to the sums secured by that, Security instrument. whether ow mAA then due. with any excess paid to Borrower. Cli :
<br />Borrower abandons the Property,, or does not answer within 30 dsy� a notice from lender that the insurance carrier �,as
<br />uffemd to settle a claim. then Leander may collect the irnw-rance proceeds. lender rna) 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 />Unless Lender and Borrower otherwise agree in writing, any application cif proceeds to principal shall not extend or
<br />postpone the due slate of the monthly payments referred to in paragraphs I and 2 or change the amount of the payments. If
<br />under paragraph 19 the Property is acquired by Lender. Borrower's right to any insurance policies and proceeds resulting
<br />from damage to the Property prior to the acquisition shall pass to Fender it) the extent (if the sums secured by this Security
<br />instrument immediately prier lo, the acquisition.
<br />i PnwianMko sail Maialeaanee of Property; lAwkolda. Reirrower shall not destroy. damage or substantially
<br />change the Property. allow the Properly to deteriorate or commit waste. 11 this Security Instrument is on a leasehot -J,
<br />Borrower shall comply with the provisions of the lease. and if Borrower acquires fee title to the Property, the leasehold and
<br />fee tinikr shall not merge unless Lender agrees to the merger in writing.
<br />7. Prelaetke of Lender's Rights is the ProNarty; Mortgxge insurame. If Borrower fails co; !be
<br />covenants sad agreementscontained in this 5ecunty litre is a legal •pro cceding that may sigZitlt : ;yt�7i";,' tlti u i
<br />Lender's rights in the Property (such as a proceeding in bankrug +,t } :. ;>7r7bacz_ for condemnation or to cn! : :rt, !;:%W� 1�-r
<br />regulations), then tender maydotand pay for whateaec iw- Tmccswrg of the Property and t; id,r-�
<br />in the Property. Lender's setions may include pa)irg "any sums secured by a fit-, which has priority over ihLs Siesta' °:`a
<br />l"Urtitnent. appearing in court. paying reasonable attorneys fees andenwing on the Property to make repairs. Althougt
<br />L Lender may take action under this paragraph 7. Lender does not have: todoto
<br />Any urnmrilsdisbtirsedby Lender under thNparagraph 71lia0ccorneadditional debt of Ikirrowcr.ecured by this
<br />Secant) Instrument. VnIess Borrower and 1:endcr at"c If? other terms oaf payitrr_nl, frorn
<br />the date of disbtinement at the Notc rate arid shall he payable. Kith mteregt, upon home from I ender a, Nrrrom-er
<br />requmitng psy meat
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