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<br />UNH. ttlr COVEKAMM AonareraadII. aK3ercovensttandalree ,ssfollows: ;r
<br />1. Paytt M of P INdo- oat Illtw"84 Prspapmart sat isbe Ow W& Borrower shall promptly py when due
<br />the principal of and intact an the debt evidenced by the Noteand any prepamrent and late charges due under the Note.
<br />2. Fmn& fat Taraarad iasnraaee. Sutod to applicab a laws or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day smoothly payments are due under the Note. until the Note is paid in full. a sum ( "Funds ") equal to
<br />ow-tw4 th of (a) yearly taxes: and sstwwnen&t 'which ,may attain priority over this Security Instrument; (b) yearly
<br />leaw told payments or ground teats an the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mottgW insurance premiums, if sty. Threw itertts are called "escmav items." Lender may estimate the Funds due on the,
<br />basis of current Bats and reasonable atimantm of lWare escrow items.
<br />The Funds sMll be held in an Wdtutim the deposits or aeooursis of which are insured or guaranteed by a federal or
<br />state agency (including Leader if Lender is wxh ant institution}. lender shall apply the Funds to pay the escrow items.
<br />header toa) not charge for holding tend apphft The Funk atdyZM the account or verifying the esulrow items. unless
<br />Leader pays Borvowetr interest on fhc Funds atsd apphc*k law permits Lender to make such a rharge. Borrower and
<br />Lender may agree in writing that interest shall be paid on the Funds. Unksa an agreement is made or applicable law
<br />requires interest to be paid, Leader shall we be required to pay Borrower any interest or eamings on the Funds. Lender
<br />shall give to Borrower, without cbmSt. 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 mad. 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 Leader, together with the future monthly payments of.Fundi payable prior to
<br />the due dates of the escrow items, shall exceed the amount required to pay the escrow items whmt.due, the excess shall be,
<br />at Borrower's upuoa, e4her promptly repaid to 1000.- ,WC.- Or �ittd to Boi,ower vril r"i mthly payown ts of Funds. If the
<br />amount of the Funds hod by Lender is not sullicient to pay the escrow items when due, Borrower shall pay to Lends any
<br />amowaaviecessary tsp.it kc up the deficiency in one or more psymentc as required by Lender. -
<br />Upon psymeat':,-in full of all sums secured by this Security Instrument, Leader shall promptly refund to Borrower
<br />any Funds held by t.67*r. If under paragraph 19 the Property is sold or acquired by Leader, Lender shall apply, no later
<br />than immediately pmiorr to the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of.
<br />application as a crodiRmonst the sums secured by this Security Instnment.
<br />3. Applicafm of Paywemtta. Unless applicable law provides otherwise, all payments ramd%ved by Lender under
<br />paragraphs 1 and 2 shall be applied: first, to late charges due under ttse 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 />4. Cbmim Ueaa. Borrower shall: pay all taxes, tea: charges, fines and impositions attributable to the
<br />Property which may attain priority over this Security lnstt�.m*mt� a-d leasehold payments or - ground rents, if any.
<br />Borrower shall pay these obliyttiens in the manner provided in @a. '' 2. or if not-paid in that manner, Borrower shall
<br />pay them on time directly to the parson owed payment. Bor mWer A4 promptly rumktb to Lender all notices of amounts
<br />to be paid under this paragraph. If Borrower makes these payments d #=tly, Bot'wwer shall promptly furnish to Lender
<br />receipts evidencing- 6cpayments.
<br />Borrower sba71: promptly discharge any lien which has prioritgamr this Security Insrru mt unless Borrower: (a)
<br />agrees in writing to die payttnent of the obligation secured by the lien in 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
<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
<br />agreement satisfactory to Lender subordinating 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, Lerrdrr may give Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set 1•i nh above within 10 days
<br />of the !pining of notice.
<br />,R.•. Haaard Immusiaee. :grower shall keep the improvements now existiag, Orr h�. rear -i r erected on the Property
<br />insured against lo* w- bk,,. fire, hazards included within the txw. -_ "extended coverage" znd any c h r hazards for which Lender
<br />requires insuranm- This insurance shall be matwairxid- in... the amr-Anstt and for the periods i-6-: lender requires. The
<br />insurance carrier p:kviding the insurance shr - ?i � 9a+ wear: l r�crt uvr subject to Lender's ,&p4m3val which shall not be
<br />unreasonably withheld.
<br />Al'' insurance policies and renewals shall be accept.V,-1e to Lender and shall include a. suindard mortgage clause.
<br />Lender. dull have the right to hold the policies,a�md renewals. If Lender requires. Borrower sli l;} t ,romptly 1j%* to Lender
<br />all receipts of paid premiums and renewal erst§rxes. In the event of loss, Borrower shall give pniii Ff pjonax U3 tine insurance
<br />carver and Lender: l'.r,nder may make proof raf•ioss if not made promptly by Borrower.
<br />1: nlem LerAte and Borrower otherwise agree in writing. insurance proceeds shelf- be applied to restoratihun or repair
<br />of the Property damaged, if the restoration or repair is economically feasible and Lenders security is not lessened. If the
<br />restoration or repati� is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be
<br />applied to the sumw secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. If
<br />Borrower sbandiml the Property. or does not answer within 30 days a notice from Lender that the insurance carrier has
<br />offered to settle a claim, then Lender may collect the insurance proceeds. lender may use the proceeds to repair or restore
<br />the Prgxny 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 of proceeds to principal shall not extend or
<br />postpone the due date 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. Borrowers right to any insurance policies and proceeds resulting
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security
<br />Instrument immediately prior to the acquisition.
<br />6. hem ratioa ant Malmenaaer of Property; immebolds. Borrower shall not destroy. damage or substantially
<br />change the Property, allow the Property to deteriorate or commit waste. If this Security Instrument is on a leasehold.
<br />Borrower shallccxnply with the pmvi-sions ofthe kase, 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 />7. Prateetioa of header's Mob in the Property; Mortgage Insurance. If Borrower fails to perform the
<br />emcnants and agreements contained in this Security Instrument, or ahere is a legal proceeding that may significantly affect
<br />Lender's rights in the Property (such as a proceeding in bankruptcy, probate. for condemnation or to enforce laws or
<br />rgguWwns). then Lender may do and pay for whatever is necessary to protect the value of the Property and txndcr's nRhtc #
<br />in the Property. tinders actions may include paying any sums secured by a lien which hac priority over this Sccunt)
<br />Instrurrtcttt, appearing in court, paying reawunable attorneys fees and entenng on the Property to make rerair% Although
<br />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 Ilorrouer -cc tired by three
<br />Security Instrument. Untris Burrower and Lender agree to oihcr terrncof payment. thee: ameuntc shall hear interest from
<br />the date of doburiernent at the Note rate and Shall be payable, vvuh interest. upon noter fron leather it, ltotro%%er
<br />requesting payment. t.'
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