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<br />UNIFORM COVENANTS. Borrowerand Lender covenant and ague asfollows: 89-m 104955
<br />f. Payi seat of Principal and Interest; Prepayment and ILtte Charges. Borrower shall promptly pay when due
<br />the principal ofand interest on the debt evidenced lijt�the Note and any prepayment and late charges due under the Note.
<br />2. Funds for Taxes and Insurance. Sulijot- 4g4pplicabte law or to a written waiver by Lender. Borrower shall pay
<br />to Lender an: thtt day monthly payments are due,'unc(gr the Note, until the Note is paid in full. a sum ( "Funds ') equa! to
<br />one - twelfth vf: (.# yearly taxes and•as$essments which may attain priority over this Security Instrument; (b) yearly
<br />leasehold poy runts; or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortgage insurance prermaiu» ick if-any., These items are called "escrow items." LepAer may estimate the Funds due on the
<br />basis ofcurrentdataand timm'n'1W'' esOmatesof future escrow items.
<br />The., -Funds the deposits or accounts of which are insured or guaranteed by a federal or
<br />state agency (including Lends: if Undi.sr is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Lender may not charge for holding'114applying the Funds, analyzing the account or verifying the escrow items, unless
<br />Lender pays Borrower interest on the Funds and applicable law 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 or applicable law
<br />requires interest to be'.}ta; d Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, w.oput charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each dtl %t to the Funds was made. The Funds are pledged as additional security for the sums secured by
<br />this Securityi a-umetm.,- .
<br />If 1`'um;t''`c'iiiunds held by Lender, together with the future monthly payments of Funds payable prior to
<br />,be datekf the escr : stems, shall exceed the amount requifed to pay the escrow items when due, the excess shall be,
<br />his 6kr,;� >`ption; chlit promptlympaid to Borrower or credited. 6D Bermwer on nw thly payments of Funds. If the
<br />;--t aftht,Funds held by Lenderisnot sufficient to pay the escrow itel=? �1en dtzz.-lknitrower shall pay to Lender any
<br />e Sit necessary to makeup the deficiency in one or more payments as rcc7, �_by L '
<br />Upon payment in full of all sums secured by- dais Security Instrurr., ,,,- Z.Mdet Aayl promptly refund to Borrower
<br />�. trunds held by Lender. If under paragraph 19 the' Property is sold or aoqurM by Lender, Lender !hall apply. no later
<br />t- tsir'immedigtely prior to the sale of the Property or its acquisition by Le6K- -r�`any Funds held by Lender at the time of
<br />application as a credit against the sums secured by this Security fastrument. .
<br />3. Application of Payments. Unless applicable law provides othed %jse, all payments received by Lender under
<br />p��sgraphs 1 and 2 shall be applied: first. to late charges due under the Notc, second, to prepayment charges due under the
<br />iiEa e; third, to amounts payable under paragraph 2; fourth, to interest due; .:-n i last, to principal due.
<br />4. Charges; Lien$. Borrower shall pay all taxes, assesm. ents, charges, fines and impositions attributable to the
<br />Property which may attain priorityr,o -.er this Security Instiw -nut, and leasehold pi3..r eats or ground- t-ev.;s, if any.
<br />Borrower shall pay these obligatio-.ts i, dm.- manner provided i4 paragraph 2, or if not 06 f;:t that man a -a.r shall
<br />fay them on time directly to the per. -w ewed.pay m -nt. Borrower shall pro.wrtly furnis-li to Lender ;E�,,;1.-x� �Y!imounts
<br />ra be paid under this paragyap! . razes over makes These payments directly,. +borrower shall promF,Gg t. :sh to Lender
<br />receipts evidencing the pay 7w=,ts.
<br />Borrower shall promptly u iav ge any lien which has get •arity over this Security II+astrument unless Bomo� � r: (a)
<br />.agrees in writing to the payment of the obligation secured by M e tn.n in a manner accept,06P. to Lender; (b) contests (h good
<br />faith the lien by, or defends against enforcement of the lien in, legal proceedi:� ,g; which in the Lender's opinion operate to
<br />prevent the enforcement orth; lien or forfeiture of a.rr part of the Property; or (c) secures from the holder of the lien an
<br />agreement satisfactory to I,erdar subefdinating the lir m to this:SeWity Instrument. If Lender determines that any part of
<br />the Property is subject to a lien sx L*rdi) may attain priority o -cr this Security Instrument, Lender may give Bernumer a
<br />notice identifying the lien. Borrovvw s!`..ui satisfy thg lien or take one or more of the act's:, res set forth above withi-a. 0. days
<br />of the giving of notice. . . .
<br />S. Hazard Insurance. Borrower shall koep the improvements now existing or hereafter erac-r!i on the .Property
<br />insured against loss by fire, hazards irad'sded within the term "extended coverage" and any other hazardi for wh, ;Zip mender
<br />requires insurance. This insurance shil be maintained in the aiiiounts and for the periods that Lender req,16.es. The
<br />insurance c, ruler providing the insurance shall be chosen by l ?—%ower subject to Lender's approval which sh&11 not be
<br />unreasonably withheld.
<br />All insurance policux, and renewals shall be acceptable to Lender zrd shall include a standard mortgage clause.
<br />Lender shall have the right;*zo hold the policies and renewals. If Lender red ^::;es, Borrower shall promptly give to Lender
<br />all receipts of paid premiums and renewal notices. In the event cf loss, Borrower shall Ln �e.prompt notice to the insurance
<br />carrier and Lender. Lender may make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be apphad, to restoration 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 repair is nee economically feasible or Lender'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 abandons the Property. or does not answer within 30 days a notice from Lender that the insurpce 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. 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 seen red 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 />covenants and agreements contained in this Security Instrument, 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 Pews or
<br />regulations). 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 Property 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 Borrower and Lender agree to other terms. of payment. these amounts %hall bear interest from
<br />the date of disbursement at the Note rate and shall he payable, with interest, upon notice from Lender to Borrower
<br />requesting payment.
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