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<br />90- 107254;
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<br />UNIFORM COVENANTS Borrower and Lender covenant and agree as follows:
<br />1. Psymeat of principal and Interest; Prepayment and Late Charges, Borrower shall promptly pay when due
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<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. Fluids for Tales sod larimace. Subject to applicable low or to a written waiver by Lender. Borrower shall pay
<br />due the Note, until t he Note is paid in full, a sum ("Funds ") equal to
<br />to Lender on the day monthly payments are under
<br />one- twelBh 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 of current data and reasonable estimates of future escrow items.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br />S1111110 agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />for holding and applying the Funds, analyzing the account or verifying the escrow items, unless
<br />Lender may not charge
<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 low
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<br />requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
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<br />shall give to Borrower. 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
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<br />this Security Instrument.
<br />If the amount of the Funds held 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
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<br />amount of the Funds held by Lender is not sufficient to pay the escrow items when due. Borrower shall pay to Lender any
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<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 refund to Borrower
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<br />any Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender, Lender shall apply, no later
<br />Property or its acquisition by Lender, any Funds held by Lender at the time of
<br />than immediately prior to the sale of the
<br />application as a credit against the sums secured by this Security Instrument.
<br />& Application of Payments. Unless applicable law provides otherwise, all Faymenls received by Lender under
<br />paragraphs 1 and 2 shall be a1pplied: 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 />Liens. Borrower shall all taxes, assessments, charges, fines and impositions attributable to the
<br />4. Charges, pay
<br />Property which may attain priority.over this Security Instrument, and leasehold payments or ground rents, if any.
<br />+Borrower these in the manner provided in paragraph 2, or if not paid in that manner, Borrower shall
<br />shall pay obligations
<br />pay them on time directly to the person owed payment. Bt +rower shall promptly ftarni:;h to Lender all notices of amounts.
<br />. shall .,>,.»n furnish to Lender
<br />to be under this If Anrruarr snakes these payments diracdy. Borrrtt•t. s4ta.. p... illy
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<br />paid paragraph.
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
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<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender: (b) contests in good
<br />faith the lien by, or defenel3 against enforcement of the lien in. legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of t he lien or forfeiture of any pan of the Property: or (c) secures from the holder of the lien an
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<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 over this Security Instrument, Lender may give Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days
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<br />of the giving of notice.
<br />S. Hard Insurance. Borrower shall keep the improvements now existing or he reafter erected on the Property
<br />Hazard
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<br />insured against loss by fire, hazards included within the term "extended coverage" and any other hazards for which Lender
<br />requires insurance. This insurance shall he maintained in the amounts and for the periods that Lender requires. The
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<br />insurance carrier providing the insurance shall be chosen by 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 right to hold the policies and renewals. If Lender requires, Borrower shall promptly give to Lender
<br />all receipts of paid premiums and renewal notices. In the event of loss, Borrower vha:; give 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 applied to restoration or repair
<br />the Property damaged, if the restoration or repair is economically feasible and Lender's security is not lessened. If the
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<br />restoration or repair is not economicalh feasible or Len&r's security would be lessened, the insurance proceeds shall be
<br />applied to the sums secured by this Security Insirumtni, whether or not then due, with any excess paid to Borrower. if
<br />Borrower abandons the Property, or dries not answer within 10 days a notice from Lender that the insurance carrier has
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<br />offered io settle a claim, then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore
<br />Security Instrument, whether or not then due. Tore -0 -day period will begin
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<br />the Property or to pay sums secured by this
<br />when the notice is given.
<br />Unless Lender and R•orrow•er otherwise agree in writing• any application of rroceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraph% I and 2 or change the amount of the payments. If
<br />under paragraph 19 the rrnperty is acquired by Lender. Borrower's right to any insurance policies and proceeds resulting
<br />from damage t.- -,he property prior to the acquisition shall past to Lender to the extrrc of the sums secured by this Security
<br />Instrument immediately r-vor tuthe acquisition.
<br />6. Preservation said Maintenance of Property: Leaseholds. fiorrower.ha(:::ot destroy. damage or substantially
<br />change the Property. ad' -'o% ;he Property to dcierterm e or commit waste. If this Security Instrument r+. on ;� :eawhuld.
<br />Borrower Barth the ets,ons- of the leave, and if Borrower acquires fee title to the Property. the leasehold and
<br />shat; comply er-
<br />fee titic shalt r',:: trerge units. C.enLer ari ;, ees to the merger in w hung.
<br />7. Protection rot I,emldees Rights in the Property: Mortgage Insurance. If Ilrrro %er falls to perform the
<br />!!s a,vt �en_ri,rtr; r. - _,•szamed in this Sceunty Instrument, or there r% a legal proceeding that may agmficantly affect
<br />Lender's rights in the Pro-erty (such as a proceeding to bankruptcy, probarc. for condemnation or to enforce laws or
<br />regulations). then Lender rray do and pay for whatever is nece%sary to protect the s slue (if the Properly and tender's rights
<br />in the Property. Lender's actions may include paying any sums secured by a hen which has, pno>rny o%er this Sccurn?
<br />in court, reasonable attorneys fees and entering on the Property to make rep;urs Although
<br />Instrumenr, appearing paying
<br />Lender may take action under this paragraph 7. Lender does not have to do %o
<br />Any amounts disbursed by Lender under this paragraph 7 %hall become additional debt of Borrow er secured by this
<br />Security Instrument. Unless Borrower and Lender agree to other term% of pa> ment, these atnounis shall hear interest from
<br />the date of disbursement ;tit the Note rate and shall he payahlc, utth interest. upon notice fraan Lender to Borrower
<br />requesting payment.
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