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<br />UNIFORM COVI:NAN)s Borrower and Lender caven;utt and agrccas h+Iluws
<br />1. ii'ayment of Principal And interest; Prepayment and Late Charge%. Harrower %hall promptly pay when due
<br />the principal of and interest on the debt evidenced by the Noteandany prepay ment and late charges due under the Note.
<br />2. ". ndsforTaxesandlnsurance. SuhlecltoappltcahleLnvartaawnttenaaaserhy Lender,Horntwer , h.tllp,sy
<br />Iw Lender on the day monthly payments are due under the Note, until i he Note is pant tit full. .1 %urn 1 "hand: '► rcfual to
<br />one - twelfth of: (a) yearly taxes and u%sessmen1% which may attain priority avrr Iles Nccunty 11wrcuucnt; tb) yearly
<br />leasehold payments or ground rents on the Property, if any: tel yeuly hazard utsurance preinumis. and till yearly
<br />mortgage insurance premiums, if any. These item. are called "cwerww rem-. " 1 canter may esntnate the fund% due on the
<br />basis of current data and reasonable estimates of fill tire cscr.vw ttet»s
<br />The Funds shall be held in an institution the deposits or accounts of w high are insured or guaranntid by a federal or
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow iterls.
<br />Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender it-, make such a charge. A charge assessed
<br />by Lender in connection with Borrower's entering, into this Security Instalment to p:» the axst of an independent tax reporting
<br />service shall not be a charge for purposes of the preceding sentence. Borrower and Lender may agree in writing that interest
<br />shall be paid on the Funds. Unless an agreement is made or applicable law requires interest to be paid, lender shall not
<br />be required to pay Borrower any Interest or earnings on the Funds. Lender shall give to Borrower, without charge, an
<br />annual accounting of the Fonde showing credits and debits to the Funds and the purpose for v:hich rsch debit to the Funds
<br />was made. Ttte Funds are pledged as additional security for the sums secured lay this Security Instrument.
<br />If ttte;rrnount of the Funds held by Lender, together with cite future monthly payments. or Funds. payable prior to
<br />the due dates cif the escrow items, shall erati<d the amount required to pay the escrow items, w•iu:n d tic. the excess shall bc.
<br />me Borrowees option, either promptly repaid to Borrower or credited to Borrow (.-r cm monthly rtyments of Funds. if the
<br />.a nn urt of the Funds held L ?y Lender is not sufficient to pay the escrow items whe'M 4.uc. Borrow er shall pay to Lender any
<br />m -ejes,try to make up the deficiency in one or more payments as required Izy Lender.
<br />R'mas. payment in full of all sums secured by this Security Instrument, Lender shall pzt,"fu ply refund to Borrower
<br />a,nk if uil�r�.s l�eri�? by Lender. If under paragraph 19 the Property is sold or acquired by Lender. ILcazder shall apply, no later
<br />tJSa>,, ivnttaad'l;Ately prior ttr the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of
<br />:a}nrlica�r ::r as a credit agai vt ,ate sums secured by this Security Instrument.
<br />3. Application Off 0424 suatals. Unless applicable law provides otherwise a[i. payments received hy H.'mder under
<br />fpa-agraphs, P. and 2 shaK w+: to late cbaTges due under the Note; sec" rid. to prepayment chars -..s Jai: under the
<br />Dote; third, to amounts M;aalbCe wall .-s paragraph 2, fourth. to interest due; and last. t4? principal. du..
<br />4. Charges; Lietts ILA, r ^tea er shall pay all taxes. assessments, charges, tines and icn'p,r.,i :ions attributable to the
<br />F'ropeny which may atvairi psionty over this Security Instrument, and tzms ar ground rents, if any.
<br />-,Borrower shall pay these ebligat ions in the manner provided in paragraph 2, or if cr, ;,pai'w is :hat manner, Borrower shall
<br />ay them on time directly to the person owed payment. Borrower shall promptly.• faw. -,,-Lender all notices of amounts
<br />to be paid under this paragraph. If Borrower makes these payments directly, Born: Aec sttn'l promptly furnish to Lender
<br />receipts evide,-v ng the payments.
<br />Borryaver shall pra>Zrpily discharge any lien which has priority over this Security �rastt ment unless Borrower: (aT
<br />.W,.= in writing to the pit r r..aent of the obligation secured by the lien in a manner to Lender; (b) con gists in good
<br />ra.+elt the lien by, or desemah.a`ainst enforcement o. °'ante lien in, legal proceedings whizli in the Lenders opiximn operate to
<br />p-,.-Went the enforcemena of, ;'-W lien or forfeiture seam part of the Property; or kc', serums from the holden of 'a',:e lien an
<br />agreement satisfactory to Lender subord i..zting the Jaen to this Security Instrunt,--m- If Itn er det :.•mines, YBtat any pan of
<br />t::e Property rty is subject to a lien wh ..h. r�c�L attain pri ority over this Security' Ims- 4mmen'., IMJIr ma} 95ve ' Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more of PF.?L aztt.�r�< s:7 -'pith above wt hen 1 U days
<br />Mthe giving of notice.
<br />S. Hazard Insumnee. Borrower shall keel?. ;h; improvements now exts�,ag or hereafter erected ; a tl Property
<br />;� ured against toss by fire, hazards included within the ;Zrirl "C :trnticd crneraC� ' S 7� any other hazards for wiiach Lender
<br />requires ins anee. This insurance shall be maintained in the amounts and for-the periods that Lender requires. The.
<br />insurance ewmer providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not tvc
<br />unreasonably withheld.
<br />All insurance peWzits and renewals shall be se:ceptable to Lender and shYN include a standard mochas.- claws:.
<br />Lender shall have the ,ight qo hold the policies and, - enewals. if Lender require'~_ &,-rower shall prom ptly:•'ei-L to Len; .r
<br />all receipts of paid premi,wrns and renewal notices. In the event of loss. Borrower s sl1 give prompt notice ts'. <Ih: insurance
<br />carrier and Lender. Lender may make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower-, - herwise agree in writing, insurance proceeds shall be app3eed to resu :ion or repair
<br />of the Property damaged. if the restoration or repair is economically feasible acrd Lender's s:cliiity is not teas;ned. If the
<br />restoration or repair is nor economically feasible or Lender's security would lir G�-,-sened, the insurance rrov :;ds shall be
<br />applied to the sums serzan:d by this Security Instrument, whether or not then duv. with any excess paid w B'orrow'er. If
<br />Borrower abandons the Property, or does not answer within 30 days a notice fi oin 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 seems secured by this Security instrument'. whether or a t then due. The 30-day period will begin
<br />when the notice is given..
<br />Unless Lender aid: Borrower otherwise agree in writing. any appficstr.,,tct ofproceeds to principal shall not extend or
<br />postpone the due date of the monthly payments reterred to in paragraphs I Sad 7 ar 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 far -,axe acquisition shall pass to Lender to the extent of the sums secured by this Security .
<br />Instrument immediately prior to the, aoxaisition.
<br />6. Preservattioman.d Mainti�=mceof PrtaPrerrtyt Leaseholds. Borrower ,hall not destroy, damage of substantially
<br />change the Property. al.W- the P'rt-)per-q- to deteraarate or commit waste If this Security Instrument is on s leasehold.
<br />Wrrotuer shall comply w•tth the pri n%,�.sNZns of the tease, and if Rom m ewer acquires fee title to the Property, the leasehold and
<br />Cm title shalt not merge :finless Lender agrees to the merger to cv alertg.
<br />T. Protection of Lender's Rights in the Property: Mortgage Insurance. if Borrower fails to perform the
<br />covenants and agreements contained in this Security insiruntenr. or there is a legal proceeding that may significantly affect
<br />Lenders rights in the Property (such as a proceeding to hankruptcy. presbate_ for aindemnauon or to enforce laws or
<br />regulations). then Lender may do and pay for w hato er is neccssm-% to prctezt th a %aiue of the Property and Lcndcr's nghts
<br />in the Property. Lender's actions may include paying any sums secured by a lien whtr:h has priorny over this Security
<br />instrument. appearing in court. paying reasonable attorneys fees and entering on the Prt,rcrty to make repays Although
<br />Lender may take action under this paragraph', Lender does not has c to do so.
<br />Any amoutim disbursed by Lender under rhis paragraph' shall become additional debt of liorrouet secured by this
<br />Security Instrument. Unless Borrower and Lender agree to ocher terms of payment, these amounts sha11 hear interest from
<br />the date of disbursement at the Note rate and shall be p;tyablc. wit h interest, upon acme.- from Lender to Borrower
<br />requesting payment.
<br />If Lender required mortgage insurance as a condition of making the Iran secured by this Security Instrument,
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such time as the requirement for the
<br />insurance terminates to accordance with Borrower's and Lender's written agreement or applicable low
<br />R. Inspection. Lender or its agent may make reasonable entries upon and Inspection, of the Property. I.ertder
<br />shall give Borrower notice at the time of or prior loan inspection specifying ru%onahle cause fry the mspeceton
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