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<br />UNIFORM COVENAVIS. lWro%wond Lender covenant and agree as follows: 89-104887
<br />I. Paye eat of Principal ad Itateaet0 Prepayment arad Late Charges. Borrower shall promptly pay when due
<br />the principal of and interest on the deM �Y.i'.rtaced by the Note and any prepayment and late charges due under the Note.
<br />2. Faa k far Tares acid Ia namm.. Subject to applicable law or to a written waiver by Lender. Borrower shall pay
<br />to )Lender on the day imoathiy pao=u=due under the Note, until the Note is paid in full, a sum ('•Funds ') equal to
<br />oao-twelfth of: (a) YCW4 tatter Ara - anewnents which may attain priority over this Security Instrument; (b) yearly
<br />Ieaaebold payments or ground tenets e m : die Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />taostpge insurance premiums. iif any. Than items are called "escrow items:' Lender may estimate the Funds due on the
<br />basis ofcurrent data and reasmable es it arts of future escrow items.
<br />The Fun& shall be hW in an ir,=nlion the deposits or a aunts of which are insured or guaranteed by a federal or
<br />_state agency (including I,etader if Lmide —, is such an institution). Lender shaU apply the Funds to pay the escrow iterrns
<br />Lender may not charge for holftj amd aqplying the Funds, analyzing the account or verifying the escrow items, unkss
<br />lm*r pays Borrower interest em tbe,l`~ 6 and applicable law permits Lander to make such a charge. Borrower and
<br />Lender may agree its writing that amerm shall be paid on the Funds. Unless an agreement is made or applicable law
<br />requires interest to be paid„ be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shli give to Borrower, witb=cl'.sage; an annual accounting of the Funds showing credits and debits to the Funds andthe
<br />purpose for which each debt? totIn Fw& was made The Funds are pledged as additional security for the sums secured by
<br />tl is security latttumem.
<br />If the awl=% of the Funda keel by Leader, together with the future monthly payments of Funds payable prior to
<br />the due dates of the escrow itw,%. sa..,,f- ,",7 eatceed the -count required to pay the escrow, items when due. the excess shall be,
<br />at.Borro+rer s optioce. either pt�c'S j, vgm*d to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />amamt of tike Fat rds held by Leeaiw fa not sufficient co pay the escrow items when due, Borrower shall pay to Lender any
<br />=W ma necessary to imake up fteakiericy in one or inew payments as required by Lander.
<br />upon pay -Wr a it Ears'_ ce aL sums secured by tEris Security Instrument. Lender shall promptly et fund to Borrower
<br />SAY Fun& bald Ivry, I raiddr.. Lf tc& .der paragraph 19 the Property is sold or acquired by Lender, Lender shall apply, .. later
<br />:h a it"are a "�Ky :yam -.i t tie sale of the Property or its acquisition by Lender. any Funds held by Lender at th-t a of
<br />applicarcm as a cssat kapa.0 the sums secured by this Security Instrument.
<br />ApOkatinp df Palaseata, Unless applicable law provides othaw*, all payments received by Lender under
<br />parirgssphs 1 and 2 shall be applied: fast, to late charges due tinder the Note; seomd, to prepayment cbsivM due under the
<br />Note; third, toamounts payable tinder paragraph 2; fourth, to interest dug and last, to principal due.
<br />4. Charm Liem. Borrower titmn-pay all taxes, assessments, charges, fines and impositions attributable to the
<br />Property which may attain priority;osw ft Security Instrument, and leasehold payz= or gro tad teats, sr a.�y.
<br />Aott±o�ret shall pay these obligations in the manner p mided in paragraph 2, or if not paid in that manner, Borrow shall
<br />piI* them on time directly to the person oared paymem Borrower shall promptly furnish to Lender all notices of amccitts
<br />to be paid under this paragraph. If Botwwer makes these payments directly, Borrower shall promptly furnish to Les dej
<br />rexapts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has pn`enLy over thisSecurity Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a mairmwa =eptable to Lender, (b) contests in good
<br />faith the lien by, or defends agt bw enforcement of the lien in, kgd pociceedinowWA in the Lender's opinion operate to
<br />prevent the enforcement of the lien or fcxfeiture of any part of the Property, or (cl secures from the holder of the lien an
<br />agreement satisfactory to Lender subon hitatdviS the lien to this Security Instrument. ff Lexterr determines that any part of
<br />the Property is subject to a lien whici attain priority over this Security Instretts=a ,. Under may give Borrower a
<br />notice identifying the lien. Borrower s f, satisfy the Iii eau or take one or more of the act:allns get forth above within 10 days
<br />of U_rxiving of notice.
<br />S hlarard Iawraaca Borroww 5}tall keep the improvermts now existing or b nif tr erec:ed 4n the Property
<br />insured against loss by fire. hazards inclus td, within the term "entiatiieed coverage" and any otli er hazards for which hander
<br />riqWres ins» runs. This insurance sW, hie maintained in the amounts and for the periods that Lender requires. The
<br />inwrance carrier providing clle imurance shall be chosen by Borrower subject to Lender's approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be acceptable to Leader and shall include a standard mortgage clause-
<br />Lender shall have the right to hold the paNcies and renewals. If Lender requires, Borrower shall promptly give to Lender
<br />all receipts of paid premiums and ravewal attires. In the event of loss, Borrower shall give prompt notice to the insurance
<br />carrier and Lender. Lender may make PZ06 of loss if rood made promptly by Borrower.
<br />Unless Lender and Bornawer euiienvise agree in writing, insurance proceeds shall be applied to restoration or repair
<br />o6th a Property damaged, if the restenuiom or repair is economically feasible and Lender's security is not lessened. if the
<br />restoration or repair is not economically feasible or Lender's security would be lessened, III*' insurance proceeds shall be
<br />applied to the sums secured by this Security Instrument, whether ur not then date, with any, excess-paid to Borrower. If
<br />Borrower abandons the Property, or does not answer within 30 days a notice from I,ettden that the insurance carrier has
<br />offered to settle a claim. then Lender may collect the insurance proceeds. Lender ntsy use the proceeds to repair or restore
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<br />the Property or to pay sum secured by this Security Instrument, whether or not then due. The 30-day period will begin
<br />when the notice is gives.
<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 1 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 Lender to the extent of the sums secured by this Security
<br />instrument immediately prior to the acquisition.
<br />fi. Presenatlm acid Maiatesam of Pm"; LeueboML 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 />feetitle shall not merge unless Lender agrees to the merger in writing.
<br />7. Ptotecdoe of Leader's Rfgllfs is the Property; Mortgage lmurasce. If Borrower fails to perform the
<br />ew •e a tzand sg:ccirentsca"itained in 111i6 Security instrument, or there is a legal proceeding that may significanity affect
<br />Leader's rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws or
<br />re guLtions), then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights
<br />in the Property. Lender's actions may include paying any sums secured by a lien which has priority over this Security
<br />instrument. appearing in court. paying reasonable attorneys' fees and entering on the Properly to make repairs. 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 Borrower secured by this
<br />Security Instrument Unless Burrower and Lender agree to other terms of payment, these amounts shall tear interest from
<br />the date of disbursement at the Note rite and shall be payable. with interest, upon novice from Under to titirrnwer
<br />requesting payment
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