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<br />UNIFORM C4vENANvT& Borrower and Lender covenant andagree as follows: 89. 10 4 914
<br />1. payment of Principal and Laterest; Prepayment 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 />2. Funds for Taxes and Insurance. 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- twelftb of (a) yearly takes and assessments which may attain priority over this Security Instrument; (b) yearly
<br />leasehold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mongogge insurance prtmitams, if any. These items are rolled "escrow items." Lender may estimate the Funds due on the
<br />basisafteurrent data =able 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
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless
<br />Leader prays Borrower interest an the Funds and applicable Iaw permits Lender to 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 is applicable- law
<br />requires interest to be paid, Lender shall not be required to pay Borrower an;? interest or earnings ort#� _,Vunds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits t c d=Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for tie ,sums secures
<br />this security instrument
<br />If the amount of the tiir,:sls held by Lender, together with the future inepthly payments of Fun& able pri'ir to
<br />: tlspd _e dates of the escrovnr it s, shall exceed the amount required to pay tlie•�_ row items when due; : • aS: ess shall be,
<br />a2� Scrrowers option, either +ramptly repaid to Borrower or credir.�i ro Borr.,Wer-on mont W11 pay
<br />meris :a ands. the
<br />amount of the Funds held by Lender is not sufficient to pay the =iq., ai; a When due, & c e ?rx shall p.k z. nY
<br />amount necessary to makeup -ihe deficiency in one or more payment s;4"', "', t .by Lender..;
<br />Upon payment in fe, (,I all sums secured by this Security Insr,:.- z s. trider shall promptly r;�Fai�: ,,o Borrower
<br />any Funds held by Lender_ Ft i6der paragraph 19 the Property is sold cs'a:a ii I by Lender, Lender s� -J apply, no later
<br />than immediately prior to t hasale of the Property or its acquisition by.€. oily Funds held by Lender at the time of
<br />application as a credit against the sums secured by this Security Instrurnert_
<br />3. Application of Payments. Unless applicable .law provides otherwise, all payt+.m�,-,.rs ,raved by Lender ender
<br />paragraphs I and 2 shall be a ,64ied: first, to late charges due under the Note; 'aciand, to, prepayn,&,s c'h- ;r� due under the
<br />Note; third, to amounts payabi'e under paragraph 2; fourth, to interest due; and lak4 to principal due. • .
<br />4. Charges; Liens. ]harrower shall pay all taxes, assessments, charges. fines and in— positiot:s oz..ributable to the
<br />Property which may attain priority,omr this Security Instrument, and leasehold payments or grbLhd rents, if any.
<br />Borrower shall pay these &9.= rations in the manner provided in paragraph 2, or if not paid in that manner, Borrower shall
<br />pay them on time directly to %tz person owed -payment . Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph. If Borrower makes diesz payments directly. Borrower shall promptly fWmish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has pri-,t ty over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lim,'n 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 Lenders opinion operate to
<br />prevent the enforcement of to lien or forfeiture of any part of the Property:. or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lerit er 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 tbi,.s'Security Instrument, Lender may give Borrower a
<br />notice identifyiv;g the lien. Borrower shall satisfy the lien or take «axe or more of the actions set forth above within 10 days
<br />of the giving of nct. '=-
<br />S. Hazard Insurzaos. ' Borrower shall keep—J7,—.Improvements now existing or hereafter erected on the Property
<br />insured against loss by fire. ::Gxards included within the zersn "extended coverage" and any other hazards for which Lender
<br />requires insurariAw. This insurance shall be maintainaS'i the aziounts and for the periods that Lender requires. The
<br />insurance earrice rroviding the insurance shall be chdver, byLInrower subject to Lender's approval which shall not be
<br />unreasonably witi'_1t.. +JS
<br />All insumace piljuc- .:-and renewals shall be :eptable to Lender and iihall include a standard mortgage clause.
<br />Lender shall have the fig' fi+ hold the policies and renewals. Ir Lender requiir 4�, Eorrowcr shall promptly give to Lender
<br />all receipts of p;t.i►i,�Oremiums and renewal notices. In the ever r of tot s, Borrowzr s aif -jn% : prompt notice to the insurance
<br />carrier and L.ett�d :r: Lender may make proof of loss if not mad_-.r.r�mptly by Borrower.
<br />Unless Gager and Borrower otherwise agree in iatit;; g, i:mA_-!ance proceeds shall be applied to restoration or repair
<br />of the Property damaged. if the restoration or repair w a:4; no_m. wily feasible and Lender's security is not lessened. If the
<br />restoration or repair is not economically feasible or Uendet's security would be lessened, the insurance 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 abandon s, the Property. or does not answer within 30 d ;ays 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 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 qum% secured by this Security
<br />Instrument immediately prior to the acquisition.
<br />6. Preservation and Maintenance 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 Lender's Rights in the Property; 'Mortgage insurance. If Borrower fails to perform the
<br />cuveetmuis anti agreements ccntaincd in this Sccurity Intitrument. or there 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 />regulations), then Lender may do and pay for whatever is necessary to protect the, slue of the Property and Lender's right.
<br />in the Property. Lender's actions may include paying any sums secured by a lien «Inch has priority goer the. Secunt.
<br />Instrument. appearing to court, paying reasonable attorney%' fees and entering cm the Property to make repairs Although
<br />Lender may take action under this paragraph 7. Lender dues not haw to do so.
<br />Any amounts dt.bur -,cd by Lender under thi% paragraph 7 .hall beconte additional debt of Horrouer wctired 1i th +�
<br />Security lnnirument Trite%,. Borrower and Leudcr agree to other terns, of pamcnl, tlww amount. shall hear nttere %t fri m
<br />the elate of disburtetneret at the ;Vote rate and shall be pa }able. t%tth mtctc.t. upon nottcc from 1 cnelcr tr Iforrokwi
<br />regLtmttng Payment
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