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<br />UNIFORM CovEtiA %IS B mower and Lendercovertant and agree as follows: 89.105289
<br />1. Paysmat of P rlacipai and latttrat; Prepaytttttat aed Late Chum. 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 />L Fwda for Taxes and la+wrasim 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 sun ("Funds") equal to
<br />one -twah of: (a) yearly taxes 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 />mortgage insurance premiums. if any. These items are called "escrow items-" Lender may estimate the Funds due on the
<br />basis o'trmt data and rea kina bleestimate$offuturemf0witems.
<br />The Funds shall be held in an institution t4epostts or accounts o which are insured or guaranteed by a fcdera�or
<br />state agency (including Lender ri Lender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Lehr my 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 to make such a charge. Borrower and
<br />Lender Wray agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br />requires interest to he paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Swrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by
<br />this Security Instrument.
<br />If the amount of the Funds Reid by Lender. together with the future monthly payments of Funds payable prior to
<br />the due dates of the escrow items,.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 shalt 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 Instrument,. Lender shall promptly.,refiind to Borrower,
<br />any Funds held by Lender. If under paragraph 19 the Property is sold or acquimd by Lender. Lend& Ahali apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by Lender, any.Funds held. hy.l.ratder at the time of
<br />application ass credit against the sums secured by this Security Instrument.
<br />3. AppUcatioa. eaf Prrywatst. Unless applicable law provides otherwise, all: pttyrgtnnts received by tender under
<br />paragraphs I and'2 shaJu kapplied: first, to late charges due under the Note; second, to ptepaymentcharges due under the
<br />Note; third, to amounts, pay i*le under paragraph 2; fourth, to interest due; and last, to principal due.
<br />6. Clam L%s: Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br />Property wif&h may attain priority over this Security Instrument. and leasehold -payments or ground rents, if any.
<br />Borrower shalt pay'these obligations in the manner provided imparagraph 2. or if not paid in that manner. Borrower shall
<br />pay them on time direatj, to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this pa #,mph. If Borrower makes these payment.#: directlyy. Borrower shall promptly furnish to Lender
<br />receipts evidencing the paytnents.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the pa�nwa oft.fi;;r: obligation secured by the lien in a manner acceptable to Lender; (b) contests in good
<br />faith the lien by.-of defer,dis.k;ain%, enforcement of the lien in. legal proceedings which in the Lenders opinion operate to
<br />prevent the enforcement c(the lien or forfeiture of any part of the Property or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender 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 ever this Security lnstrurtaerit, Lender may give Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien or t.,. m one or more of the actions set forth above within 10 days
<br />of the giving of notice.
<br />S. I•tttw.rd Insurance. Borrower shall k&,-p the improvements now existing or hereafter ert` ;tqd on the Property
<br />insured against loss by fire, hazards included within the term ",wended coverage' and any other'hvzi d�farwhich Lender
<br />requires insurance. This insurance shall be maintained in ulhiP amounts and for the periods that Under rmgmiires. The
<br />insurance carrier providing the insurance shall be chosen try .borrower subject to Lender's approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br />.Lender shall have the .^0:t to hold the policies and renewals. If Lender requires, Borrnwar shall promptly give to Lender
<br />all receipts of paid prirn',!Lrhs and renewal notices. In the evem: of Ices, Borrower shall givk! prompt notice to the ; surance
<br />carrier ant; .ender. L t`,)jer may malkeproofof loss if not rp.adit 1,wamptly by Burrower..
<br />Ur.1%w Lendn-if axd Borrower otherwise agree in writing, insurance proceeds shah be applied to restoratia.z. or repair
<br />of the Properly dar^a#agi, if the restoration or repair is economically feasible and Lender's securit;; is not lessened. If the
<br />restoration, or repair i.'f. nut economically feasible or Lender's security would be lessened, the insur nor. r�cr ext9,y shall be
<br />applied t:, ,Rri sums secured by this Security Instrument, whether or not then due, with any excess r-4 id .q F um)wer. If
<br />Borrower arundons the Property, or does not answer within 30 days a notice from Lemler that the insurance (,�-srrier has
<br />offered to s ,,,rile a claim. then Lender may collect the insurance proceeds. Lender may wailie proceeds to repair or restore
<br />the Propert) or to pay sums secured by this Security instrument, whether or not Tine 30day period will begin
<br />when the notice is given
<br />Unless Lende6nd Borrower otherwise agree in writing, any application of proc-mi''s'to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or chaff :gc 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 />6. Pctmvation and Mointenanee of Propeerty; Lraaeholds. Borrower shall not destroy, ijamage errsubstantially
<br />change tke Property, allow the Property to deteriorate or commit waste. If this Security lnstrm Y•ent is on a leasehold,
<br />Borrower shall comply with the provisions of the lease, and if Borrower acquires fee tills to the the leasehold and
<br />fee title shall not merge unless Lender agrees to the merger in writing.
<br />7. Protection of Leader's Riglits in the Property; Mortgage Insurance. If Bortu�ve.* fails to perform the
<br />covenarim and agreerr:etirs contained in this, Security Instrument, or there is a legal proceeding tFae -may significantly affect
<br />Under's rights in the Property (fuels as a proceeding in bankruptcy, probate. for condemnation or to enforce l ;tws or
<br />regulations), then Lender rtnay do avA pay for whatever is necessary to protect the salue 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 printity over th ;% Security
<br />Instrument. appearing m court, paying reasonable attorneys' fees and entering on the Proper ty to make rep am Alt hough
<br />Lender may take action under this paragraph 7. Lenderdoes not have it'? do so.
<br />Any apiourtts disbursed by Lender under thin paragraph 7 shalt become additional debt of sitar; suer sects ed by thtc
<br />4r, :ur,ay instrument Unlc•,. li€;rfower and lender agree to other terms, of payment, these amount% %hall bear imcrest fr;un
<br />16 ;y' +f�itc of dig urwincnt at the Nuts, rate and shall he payable. with interest. upon notice from I oidt -r to Hog roucr
<br />' *titxai�trrig p:iprrient .
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