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<br />UNIFORM COVHNANSS Borrower and Lender covenant and agree as follows:
<br />1. Payttaatt of Prittelpal atilt latet'eatt Prapsyttaatt sad Late f-Juirgea, Borrower shall promptly pay when due
<br />the principal of and interest on thedebt evidenced by the Note and any prepayment and late charges due under the Note.
<br />L Fuada for Tuts sail Maoris tt. Subject to applicable law or to a written waiver by Lender. Borrower shall pay
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<br />to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum ( "Funds") equal to
<br />which may attain priority over this Security In- itrument; (b) yearly
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<br />one - twelfth of- (a) yearly tastes and assessments
<br />leasehold payments or ground rents on the Property, if any: Icy yearly hazard insurance premium.; and (d► yearly
<br />mortgage insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the
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<br />basis of current data and rcaw able estimates of future c. row items.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or
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<br />state agency (including Lender if Leader is such an institution), Lender shall apply the Funds tit pay the escrow items.
<br />Lender tray 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 may agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br />requires interest to be pad. Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<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 mvunty for the sums secured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender. together with the future monthly payments of Funds payable pnor to
<br />the due dates of the escrow items, shall exceed the amount required to pay the escrow items when due, the excess shall lie,
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<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 pa) w Lender any
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<br />amount accessary to make up the deficiency in one or more payments as required by Lender.
<br />Upon in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower
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<br />payment
<br />any Funds held by Lender. If under paragraph 19 the Property is sold or WiluiNd 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 />Paytneats. Unless applicable law provides otherwise. all payments received by Lender under
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<br />3, Application of
<br />paragraphs 1 and 2 shall be applied: f rat, 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. Charges; !.dress. Borrower shall pay all taxes, assessments, charges, fines and impositions 1411Tt'hutable 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 them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph. if Borrower makes there payments directly. Borrower shall promptly furnish to Leas: 2r
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<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over tens -Security Instrument unless Borrower; (ol
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<br />agrees in writing to the payment of the obligation secured by the lien in a manrrcT acceptable to Lender; (b) contests in good
<br />faith the hen by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to
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<br />prevent the enforcement of the lien or forfeiture of any part of the Property; or (c) secures from the holder of the lien an
<br />Lender the lien to this Security instrument. If Lender determines that any part of
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<br />agreement satisfactory to subordinating
<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 car take one or more of the actions set firth above within 10 days
<br />of the giving of notice.
<br />S. }heard Insurance. Borrower shall keep the improvements now existing or hereafter erected tin the Properly
<br />the term "extended coverage" and any other hazards for which Lender
<br />insured against loss by fire, hazards included within
<br />requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The
<br />insurance carrier providing the insurance shall he chosen by Borrower suhicct to Lender's approval which shall not be
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<br />unreasonably withheld.
<br />All insurance policies and renewals shall be acceptable to Lender and shall include 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 shall give prompt notice to the insurance
<br />carrier and Lender. Lender may make proof of loss if not made prompt h• by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall lie applied to restoration or rept.ir
<br />of the Property damaged, if the restoration or repair is economically feasible and Lender's security n n. i :awned. If the
<br />restoration or repair is not economically feasible or Lender's secunty would tv lessened, the insurance pmcteds shall be
<br />applied to the sums secured by this Security Instrument, whether or not then due, with any excess pain to Borrower. If
<br />Borrnwcr abandons 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 At insurance proceeds. Lender may use the proceeds to repair or restore
<br />the Property or to pay sums secured by this Security Instrument, whether OT n.a then due. The 30 -day period will begin
<br />when the notice is given.
<br />Unless Lender and BixroaeT otherwise agree in writing, any application ot•proceeds to principal shall not extend or
<br />to in I and 2 or charge the amount of the payments. It
<br />postpone the due date of the mesnihly payments referred paragraphs
<br />under paragraph 19 the Property is a.quired by Lender. Borrower's right to any utsuran.c rahcies and prciceeds rewhtng
<br />from damage to the Property prior to the acquisition shall pas+ to Lcnder t, ih.e extent of the sums secured by this Security
<br />instrument immediately prior totheacyuisition
<br />6. Preservation and %laintenance of Properrty. Leaseholds. damage or suhstanti.ally
<br />change -he Property, allow the Prooperty to deten.,rate or cv' n :1C aas:e. If the. Secuaty lnsiruntcnt is on a Iea.eF,�:
<br />Hirn:,aer shall comply with the proetsa.ns of the Imse. and if it. rr: u er a: uuuo fa tirlr :e Property, the Ieaseh%,'.z am-
<br />feetitleshallnot mereeunless 1 enderagree si,%*h,- r^arger tit wtiring
<br />7. Protection of Lender's Rights iot c Property; Mortgage Iasiuninre. If Borrower fails it, prrio�riti . "e
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<br />fcovenants
<br />and agreernent, contained in the. S,c .-:re Instrument, or there proceeding that inay signs icantl) afrect
<br />Leriaers rights to the Propermy melt as a pneereunN u, iraKiw LIJIMj. �•�.....,....•, :. ^•.............- .. :... _-••---- -.
<br />regularional. then (.ender ma} Jo and ray for whatever is nece %sary to protect the a slur ufthc Property and Lcnder rights
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<br />in the Property lenders actions may include paying any sums secured M a hen which has priority mer this 5ecur ry
<br />fees and enrennt on the Property to male repairs Although
<br />Instrument. appearing tit court. paying reasonable attorney.'
<br />Lender may take action under this paragraph 1. Lender does not hate to dry
<br />Any amounts dishursed by Lender under this paragraph 7 shall become additional debt of Honorer w - cured by this
<br />Security Instrument. Unless Burrower and Lender agree to other terms of payment, these amounts shall tear mtereht from
<br />the date of disbursement at t he Note rate and shall he payable• with uitereM. upom notice front 1 rider to Borro%ker
<br />requesting payment.
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