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<br />. 89-- 104767'
<br />UNIFORM. COVENANTS.. Borrower and Leader covenant and agree as follows:
<br />1. Payne at of Prindpd oW lsWesB Pmpymieat and Late 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 />a. Fars% for Taxes and Inaarasce. 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- twelfth of: (a) yearly taxes and assessments which may attain priority ovir this Security instrument. (b) yearly
<br />leasehold payments or ground rents on the Propert j+, .if` any -, (c) yearly hazard insurance premiums; and (d) yearly
<br />mortgage insurance premiums, if any. These items am callt.4 "escr�:tr i2a'rras " Lender may. "4stimate the Funds due on the
<br />basis ofcurrent data and reasonable estimates of future escrow ito;ins. "
<br />The Funds shall be held in an institution the deposits or accounts of which: arm. insured;ar guaranteed by a federal or
<br />state agency (including Lender if Lender is such an. insmution). Lender shall!applii,,ifte Funds to pay the escrow items.
<br />Lender may not charge for holding and applying the Rinds, analyzing the account; den verifying the escrow items, unless
<br />Lender pays Borrower interest; am. the Funds and aNpliraible lax. permits Lender -6- 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 Rat he requirei to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower. without charge, an annual ttccCUntittg.of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was mode. Thr.,r'tmds dre.pledged as additional security for the sums secured by
<br />this Security Instrument.
<br />1 "rue arrirruixt o; the Fur' L held by wdtir. together with the future monthly payments of Funds papa'vle prior to
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<br />the due cites of thecwww itcnr> ; shat) exceed the amount required to pay the escrow items when due, the excess shall be,
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<br />at Farro*ii s optkti, either promptly repaid to Borrc*& ?ar credited to Borrower on monthly payments of Funds. If the
<br />amountaf the Funds held by l ii:mr er is not sufficient to pay rate escrow items when di te, Borrower shall pay to Lender any
<br />amount necessary to make up t1kdeftciency in one or rtT�•�yments as required 6y. bibder.
<br />i,'`pcn paytrl t,in Atlti� &, sums secured by tVisSeeitrity" Instrument. Le :-'tall promptly refund to Borrower
<br />any Funds held by L4wdqr, Vipw i et paragraph 19 the Property is sold or acquired b.y L j�nder, Lis pier shall,apply, no later
<br />than inirnediatei"x lrriisr 1r -.ilae l f►t.of the Property or itsx_quisition by Lender, ar_y? ii ands head t34r —E= er-at the time of
<br />appliiaothin-as a crwif ;€;wit: tilt: rims secured by this S .nxrty Instrument.
<br />X! iitts ri€ ft yxk mZ- . Unless app i CWi 1 uw provides otherwise, -ID payments re livd 'by Wider under
<br />paragraphs I andl -Mill bc`4.p(r#fi3L:'first, tc� Lttir.i. tar es+ z under the Note; second, ,ro prep4! a..^'�ara �`tzb under"
<br />Note; third, to am+3tuti payab!w t- -m p.:.,daq aapIi Z. 6ccnIz, to interest due; and last, to principal +tee.
<br />4. Charges; Liens. 11.?rr..a+r�r s`zv11s "may a ts?t.;assessments, charges, € •and i^y* +Mons attribi�;ble to the
<br />Property which may attain lii:i..odty over this Seccriiat'- kastrument, and leasehpl:-Ypayments or if any.
<br />Borrower shall pay these obligat4uns in the manner provided in paragraph 2, or if r_i : 1pr id in that manner, Borrower shall
<br />pay them on time directly to. the person owed payment. Borrower shall promptly fury -10 'tea Lender all notices of amounts
<br />to be paid under this paragraph. If Borrower makes these payments directly. Borrower tl -,all 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 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. Lender may give Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more of th:: &; tions set forth above within 10 days
<br />of the giving of notice.
<br />S. Hazard Insurance., ' 8-arower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the term "extended coverage" and any otF,rr !r.,azards for which Lender
<br />requires insurance. This be maintained in the amounts and for the pemVds requires. The
<br />insurance carrier providing the irjmi rance it :zil be cFc ien .by Borrower subject to s;appravar w[6. - #, shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals.,Mall be aril:- i-able to Lender and shall is c ;,;e s %standard mortgage clause.
<br />Lender shall have the right to hold the pal ais.and retrials. If Lender,requires, Borr :.5 Her shall promptly give to Lender
<br />all receipts of paid premiums and renewal r.�aces. In tSSe a :� Lnt of loss. Borrower trail : ;S: ve prompt notice to r. c insurance
<br />carrier and Lender. Lender may ii %ike proof of loss if lizi -inude promptly by Borrowji'i° . '.
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<br />Unless Lender and Borrower otherwise agree i i ivvw.ing, insurance proceeds�.huil be applied to rests, `w.ion or reps it
<br />of the Property damaged. if the restoration i }v repair is economically feasible and Lender's set - mey is not lessened. If the
<br />restoration or repair is not economically feauiite or Lender's security would be lessened, the J wt '*,ante proceeds shall be
<br />applied to the sums secured by this Security 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 />offered to settle a claim, then Lender may collect the insurance proceeds. Lender 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 />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. Preservation rind Maiatettaece of Property; Leaseholds. 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 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 />7. Protection of Leader's Rights in the Property; Mortgage Insurance. If Borrower fails to perform the
<br />covenants and agreements contained in this Security Imirsiment, nr lherC is a 19-g:+1 pounding that m,iy �.igos6cantly affect
<br />Lender's fights in the Property (such as a proceeding in bankruptcy. probate, for condemnation or to enforce laws or
<br />regulations), then Lender may doand pay for whatever is necessary to protect the salue of the Property and Lender's rights
<br />in the Property. Lender's actions may include paying any sums secured by a hen which has priority over this Security
<br />L Instrument, appearing in court, paying reasonable attorneys' fees and entering on the Property to make repair% Although
<br />Lender may take action under this paragraph 7. Lender does not ha%a to do so.
<br />Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Ihlrro%er secured by this
<br />Security Instrument Unless Borrower and Lender agree to other terms r+f payment. these amounts %hail hear interest froth
<br />the date of disbursement at the Note rate and shall be parable. with interest. upon notice €rinni t ender to Ito.,rvu -cr
<br />requesting payment
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