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<br /> ' UNIFORM CO�ENA�7'5. •Barrower snd Lrnder covenant and agree as follows: �
<br /> 1. 1'��nse�t oi Ftf�ctMi�d I�terp+�Pre�ayn�t rud l.att Char�es. Borrower shal�prompt�y pay ahen due .
<br /> � the prine�pai of and interest on the debt evidenced by the Note and�ny prepayment and late charges dur under the Note. :.
<br /> 2. F�for T�tes�i I�t. Subject to anplicablr law or to a written waiver by Lender,BorraRer sh311 pay -
<br /> �" to Lender c�the day monthly paymenu are due under the Nott,until the Noie is paid in full,a sum("Fund�')equal to
<br /> '_ �• � Mie•taelRh ai: (a) geuty tues and assessments which may attain priority ovcr this Security Instrument; (b) yearty ,
<br /> �eho� psyr�ents or�round rents on the Property, if any; ic)�yearly hazard insoranrz pr�minmr, and (� ycar[y .
<br /> i • btort�aee inaur�nee prtmiumst if any.These itc.�ns are called'lescrow items."l.endes may estimate[h�Fun�s due on the
<br /> � . basis ofcurrent dsta and reasonablt estimates of future acrow icen�ts. •
<br /> � The Fuc�ds shall be held in an isstitudoa the deposits or accaunls nf'which ate insured ar guarantted by a federai or
<br /> .. � state a�ency_(inciudina Lender if Lendtr is such an institution).Lrndcr shall apply the Funds to pay the escr�w items. ,: :
<br /> ' I,ender:ta�y not charge for 6olding aad appiyin�the Funds�usalyzing the account or ven7j ing the escrow ifems,unit�s ,:',,�'.
<br /> � ,�. Lescter pays Bo�r�ver interest on the�unds and applicable law permits I.ender to make such a charge. Bonower aad : .
<br /> Letukr raag sgree ia wtifirg tfiat intetest shalt be paid on the Funds.Unkss an agrsem�nt is made or apptiCetble taw .
<br /> � � raquires interest tn be paid,Lender s6a11 not bc requind to pay Borrowe�any inieresi or earnings on the Funds.Lender
<br /> ` : . aball pve to Borfo�ver.witfioat ehargc.an aI►nual aceounting uf the Funds showing credits and debits to the Funds and the ,
<br /> purpase far whieh each debit to the Funds was made.The Funds are pledged as addirional secv�ity for the sums secured by �
<br /> ` ; 1l�isSecurity Instrutnent.
<br /> If tbe unount of the Funds held b�r Lender.tngether with the future muA�IiI�paymerits of Funds payable prior to
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<br /> the.due dues of the escrow iiap�,�hatl exo�d the amotmt requirrd ta pay the esc�uv�r�tems:tKl�en due,the excess shall be,
<br /> st Bttrr�wer'a�ptioa,either Pr'omFti��iriE�.�'to Bortorver or credite�va,�orruw+er o�n mans}iJ:Y paYments of Funds.If tbe .
<br /> � �mount of the Funds held by I.end��s ruN;�cient to pay the escro�!�xums when due,Borrower shall pay to Lender any ;
<br /> ; �non�t necessary to make up t&�.�c'si�:cg in one or more payments as'r�ired by I.ender. ,;;: ,
<br /> � Upon payment in fuU Qf�i sur[is secured by this Security Instzsi�ent,Lender shall promptly refund to Honower . ':� •
<br /> Any Funds held by Lender.If under paragraph 19 the Property is sold�cr�quired by Lendet,L en dtr s h a l l apply,no tater .
<br /> thnn immediately prior to the sale of tht Property or its acquisitiun 6y Lender,any�unds beld by Y.ender at the time oP
<br /> � applieation as a cradit against thesums secured b�this Security Instrument.
<br /> 3. Appliation ot Psy�ets. Unless appiicable law p*ovidzs otherwise.all payments received by Lender under
<br /> paragnpiu 1 and 2 shall be ap�++lair#i:first,to late ctlarges due under the Note;second,to prepayment charges due under the
<br /> � Notr.third,to amounts payab►�under paragraph 2;faurth.to interest due;and 4ast,to principal due.
<br /> � 4. Ch�r�s;I,ie�. Borrower sh.s{t pay all taxes,a.csessments,charges,flnes and im�ositions attributabie to the -
<br /> � Prnperty which may attain psiority,over this Security Instruinent, and leasehold payme�s,t��or ground rents, if any ,. _
<br /> ' f3orrower shall pay thcse oblig�t�,�ns in the manner providod in paragraph 2,or if not paid ir�ti't::t manner,Borrowcr sball �
<br /> ' pay thein on time directty ta t���rson owed paymant.Borrawer shall pramptly.�izrnish ta`�!�nder all notices of amaunu _ . ,
<br /> - to be paid undtr this�ara�Y�.1�i#'Borrower makes these payments directty,Bcrrn�ver sh�iL�+�ramptly fumish.tu Lender • i �
<br /> roceipts evideacing ehe paymeraTS. '' ' � ;
<br /> BorrAwer shall promptiy discharge any fien which has priority over this Secvrity In�t�ssment unless Borrower:�a;' `
<br /> �grees in writing to the paymer�:,�f the obligation secured by tht lien in a manner aixeptable ta��.:ender;(b)contcsts in good
<br /> Paith the lien by.or defends a�st enforcement of tht litn in,legal proceedings+uli�ch in the L.ender's opiaion ap�rate ta ,
<br /> . prevent the enforcemrnt of the�ien or forfeiture of any part af thc Property:or(c}secures from the holder of tha lien an �
<br /> agrament satisfactory to Lcnder subordin3ting the lien to this Security lnstrument. If I.endet�etermines that aay part of �•
<br /> � the Propeny is subject to a lien which Tnay atiain priority over this Security lnstrarnent, 1,,a7der may give Bonower s�
<br /> ec+t+ce i�!�ntifyin�che lien.Borrowtr shall satisfy the lien or take one or more of the actions set forth above wit�in lU days _
<br /> � of the giving of notice.
<br /> , S. Hazard Insu�ancca.. Burrower shall keep the improverrsents now exi E4ing or hereatter erect�on the Prapeny
<br /> ' insured against U:s�by fire,hazards included within the term"extertded covera�,:"and any other harards for which Lender
<br /> aquires insuranc� This ir�surance shaU be maintained in the arnr;r�a��ts and for the peric�ds thut Lender reyuires. Thc
<br /> . insurance carria providing the insurance shall be chosen by Borruw�r subject to I.endcr's approva!which shal!nat be .
<br /> ; unreasonably withheld.
<br /> ; �1l1 ins�sr��tce goti�ie�and renewals shall be acceptable to Lender and.�ly�!I inciude a standard mortgago alause• _
<br /> � • Lender sha11 have the right to hold the policies and renewals.If Lender requi_*r•�,:l3orruwer shall promptly give to iender �"
<br /> � aU receipts of paid premiums and renewal notices.In the event of loss,Borrovt�shai!give prompi notice to the insurance ��
<br /> • carrier and Lender.'Lender may make proof of loss if not made promptly by Borrower.
<br />� Unlas Lender and 1&+arower atherwise agree in writing,insurance proceeds shall be applied to restortttion or repair '�=„
<br /> ! of the Pro�erty damaged,ittF�:restoration or repair is ecor.omically Peasib2e and Lertder's security is not�tessened. If the . .
<br /> � restoration or re�siir is not et�nomically feasible or Lender's security would be lessened,the imurance proceeds shall be : .
<br /> applied to the sk�rts secured by this Security Instrument.whether��r noi�then due. with�any exccss paid to Bnnawer. If
<br /> � Bonower abs+ndons the Property,or does not answer within�30 daJS a noiice from Lend:r�thatrttie in�.urnncr carrier has
<br /> offafcd to settle a claim,then Lender may collect th:in.susan�e proceeds.I.ender may use the pr�xxed�•tn repair or restore
<br /> ' thr Propeny or to pay sums secured by 3his Security fn=srument,whether or not then due.Tha 30-dFiy�period will begin
<br /> � whes�4he notice is giti�en.
<br /> ( Unless i.zt�3er and Borrower otl�r;��ese agree in writing,any application of proceeds tu principal shall not extend or
<br /> � postpone the d)c�:��fate of the monthly payments referred to in paragraphs 1 and 2 or change tlt�amaunt of the payments.If
<br /> � nnder paragrap�i 19 the Property is acquired by Lender,Borrr�wer's tight to any insurance p�li�its and procceds resultin�
<br /> ! fram damaae to the Property prior to the acquisition shall pass to Lender to the extent oi'tha sums s�cured by this Srcurity
<br /> ' lnsirument ittfsaediately prior to tht acquisitio».
<br /> � 6. P�iecratiae and Maiateeance o!Property;LeaseSolds. Borrower shall nc�t destro�•,damage or substantially
<br /> � change the�'sepeny,allow the I'roperty to deteriorate or commit waste. If this 3ecurit; Instrument is on a leaseholci. _ `
<br /> Honower sh�ll comPly with the ptovisions of the lease.and if Ronower xcquires fee title to the Propeny,the leasehold and
<br /> fee t�tle sha11 not merge unless Lender sgroes to the merger in writing. �
<br /> , 7. Protectton o! Lender's Rigi�ts ie t6e Property; 1'lortgage Insurance. lf Darrower fails to perform the �
<br /> . covenants and agreements contained in this Security Instrument,or there is a legal proceeding that may significantly affect
<br /> Lsnder's rights in the Property(such as a procreding in bankruptcy.pro6ate,for eottd�mnation ar to enf�rcr jaw�us • _
<br /> reaulatic�ns),then Lender may do and pay for whatever is neces�ary tn protect the value oP the Pro�erty and Lender's rights
<br /> L itr the Propeny. Lender's actions may include paying any sums secured by a lien whieh has priotity over this 5ecurity
<br /> [nstrutntnt,appe�ting in court,paying reasonable attorneys fees artd entering on the Pr�p�rty tn make repairs.Althvugh
<br /> Lender maq lake action under th'ss paragraph 7.Lender dces not have to do so.
<br /> '� Any amounts disbursed by Lender under this paragraph 7 shall become additional debt oi Aorrotver sccured by this
<br /> Secu�ity Instrument.Unless Borrower and Lender agree to ather term�of payrnent.thc�e am��unts shall bear interest from
<br /> � thc date af clisbursrment at thc Note rate and shaii be pay�able, with �nterest, u�on notiee from Lender to Honoucr
<br /> sequesting payment. �
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