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<br />UNIFOIM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />89 -104 98I�'
<br />I. PaJUnt of Prlidpal and Interest; Prepayment aid Late Chamm Borrower shall promptly pay whei 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. Fteaals ler Taxes sail Insuraace. Subject to applicable law or to a written waiver by Lender. Borrower shall pay
<br />to Leader on the day monthly payments are due under the Note, until the Note is paid in frill, a sum (''Funds' " to
<br />om -two 1!h of: (0 yearly taxes and assessments which may attain. priority over this Security Instrument; (bYyearly
<br />lemehe>d payments of ground rents on tha Propar, if any; (c) y:.: ly hazard rrmurance pmniums; w.4 (d), yearly
<br />mortgage insurance premiums, if any. These items are called "escrow items." Lender may estimate tbeFunds.dlue on the
<br />basis of current data and reasonable estimates of future escrow items.
<br />The Funds shall be held in an institution the deposits or a=,.ounts of which are insured tar reemw or
<br />state agency (including Leader if Fender is such an institutim li zader shall, apply the fluids
<br />Larder may net charge for holding and applying the Funds,,amaN g the a=unt or ver-, Eying the w
<br />Lender pays S=wer aatta+ a on the Funds and ' vorrnits fey der to trrak'i'wes a amige. Bort6wir ail ti
<br />Lander aay r :ilia .wyi that interest shall be p6d i tb-. lcunds. Unless an or app5*e %air
<br />u rGS aevdrssw.tco its a_ d;.Lbnder siDlaltf hint be r��,c�r�:� - i"�orrower any interest or eia�-itings au the Funds. Leda
<br />is W W ►Wv CV wit bout out charge; az ra,nua3 T� a Funds showing credits and debits to the Funds and the
<br />; -pose for w each debit to the Faawls -4as made: The Funds are pledged as additional security for the sums secured by
<br />this Security Instrument.
<br />Uthe amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to
<br />the due data of the escrow item'i, shall exceed the amount required to pay the escrow items when due. the excess shall be.
<br />at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />amount of the Funds held by Lender is not sufficient to pay the escrow items when due, Borrower shall pay to Lender any
<br />amount necessary to make up the deficiency in one or more payments as required by Lender.
<br />Upon payment in full of all sums secured by this Security Instrrument, Lender shall promptly refund to Borrower
<br />any Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender, Lender shall apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by Lender. any Funds held by Lender at the time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />3. Applketba of Paytseents. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs 1 and 2 shall be applied: first, to late charges due under the 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. CbuM Uses. Borrower shall pay all taxes„ assessraen% charges, fines and impositions attributable to the
<br />Property which may attain priority, over this Security Instrument, and leasehold payments or ,ground rents, if any.
<br />Borrower shall pay these obligations in the manner provided in paragraph 2. or if not paid in that manner. Borrower shall
<br />pay than on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid wader this paragraph. If Borrower makes these payments directly. Borrower shall 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 />aV W in writing to the payment of the ob4g tion secured by the lien in a mamcxr acceptable to Lender, (b) contests in good
<br />faith the lien by, or defends against mrome:tnent of the lien in, kW proceedings which rn the Larder's opinion operte to
<br />prevent the =&rcement of the lien or fmfeiture of any part of the Property; or (c) swum from the holder of the liras an
<br />agr+eemertt satisfactory to Wider subordinating the lien to this Security 11Lsr6ent. If Lender determines that any rAn of
<br />the Property is subject to alien which may attain priority over this Security Instrument, Lender may give Borrower a
<br />notice identiftuag the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br />of the giving; cCa otice.
<br />S„ Hazard Iasitraaee. Borrower shall keep the improwestents now existing or hereafter erected on the Pe agerty
<br />insured against loss by &e, hazards included within the tam "ciu coded coverage" and any other hazards for which Lender
<br />requires insurance. This insurance shall be msiaWnr ad in the amounts and for the periods that Lender requires. The
<br />insurance carrier providing the insurance shall be chosen by Borrower sulVect to Lender's approval which shall not be
<br />unressombly withheld.
<br />All insurance policies and renewals shall be acceptalk to Lender wd shall include a standard mortgage clause.
<br />Lender shall have the right to hold the policies and renewals. If Lender regwxes, Borrower shall promptly give to Lender
<br />all receipts of paid premiums and renewal notices. In the event of loss, Borrower shall give prompt notice to the insurance
<br />carrier and Lenddr, Lender may make proof of loss if not made promptly by Borrower.
<br />Unless IAv*r and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair
<br />of the Propertydarrragod; if the restoration or repair is economically feasible and Lender's security is not lessened. If the
<br />restoration ol'repair'is not 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 abandems 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 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 w the Property prior to the acquis -ition shall pass deco. Lender to the extent of the sums secured by this Security
<br />Instrument immediately prior to the acquisition.
<br />6. Prawn dos and Mafitenam olProperq, Leaae:k&&. Borrower shall not destroy, damage or substantially
<br />c>sattge.the Property, allow the Property to detetorate or camnlit waste. If this Security Instrument is on a leasehold,
<br />Borrower sW damply with the provisions of the lease, and if ewer acquires fee title tonne Property, the lesselu3id.and
<br />fte tit Lac :1 an uterge unlace Lend -, agt,;wre, the rnerga its L " g.
<br />7. boa at Laader's Rights in the Property; M*rKg p Insurance. If Borrower fails to perform the
<br />coveenants and a peements contained in this Security Instrument, or there is a legal proceeding that may significantly affect
<br />Lender's ri#?s, ins they Property (such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws or
<br />rgustiorts), them %,ender 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 alien which has priority over this Security
<br />Instrument, appearing in court, paying reasonable attomeys' 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 shall bear interest from
<br />the -date of disbursement at the Note rate and shall be payable, with interest. upon notice from Lender to Borrower
<br />requesting payment. -
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