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<br /> ' ' UNIlO�M COV6NANT3 Borrower�nd I.ender¢ovrn�nt�nd�gree rs follows: t• •-i"----'?'-�,
<br /> ••,�, when due �::�-'�_=`�..��
<br /> . . 1. P��t ot IM�tild�d I�tsn�Pr�Nya�e�t�ad I.�t�C1��r�ea. 8orrawer shall promptlY P�Y _ .- y_,��,l_.s.r
<br /> : th�princip�l of and interat on the debt evidenced by the Note and any prep�yment And I��e ch�r�a due under the Note. �; ,�.y�„�=
<br /> ` .'�;.�.:�il�'°-
<br /> ' 3. F�fa Tuca�i IMwran. Subject to�pplicnble I�w or to a wntten waiver by l.ender,Borrower shdl p�y
<br /> � '•r,s'�:' ta L�du on the d�Y munth�y p�yma►ts�re due under the Note,until the Note is paid in full,a sum("Fund�")equal Io � �`.'�',
<br /> � :;��'�'��� one•�we1Rh of: U}yarly trues�nd u�essmenta which may �ttain priority over thi� Securi�y Instroment;(b) yesr�Y �
<br /> '��� �� i�uthold p�yment� or atound rente on the Propany, if aoy; (c) yarly hazud i�su�ance prcmiums; And td) yearly
<br /> � � mon�Imurance premluau,��an9•Thae��am4 ue called"escrow nems."I-ende�mry estimate the Fund:due on the i
<br /> �� �� b�W�of aurrant d�a�ad te�aiabk aiimates of future escrow ilems. �
<br /> � The Fund�shdl Me held ia aa insntutic��he deposiu or uxounts of which are insured or guaranteed by a kdenl or , .
<br /> �tate�Sency(includin�l�et�de�if I.ender is such an in�titution). I.cnder shall apply the Funds to p�y the escrow items. �
<br /> • I,ande�m�y not cFwr�e for holdin�aad�pplrin�the Funds.�utalyziag the account or verifying the escrow itemf,unless .
<br /> t�►der p�y�Borrower interat on the Funds�nd�pplicable I�w permits Lender to m�e such a ch�rge.Borrower and ;
<br /> . (.ander a�y a�nee in writin�tlut inte►at�hall be ptid on t6e Funds. Unless an agrament is made ar applicabk law
<br /> roquiros ietetest to be paid.Leader shdl not be requited to p�y Horrower a�y ioterest or earnings on the Fuads.l.ender ' • .; ..
<br /> �i�11�ive�o @ortorver,wfithoul chu�e,an annual accountin�oithe Funds showing credits and debits to the Funds and the :,;'�,.�.,
<br /> � purpase for vhith each debit to tbe�unds was made.7'he Fwds a�e pled�ed as additionsl secunty for�he sums securcd by � , . . •
<br /> tppSectuity InstrunKnt. • �
<br /> Itthe amount of the Fuods heW by I.endes,cogethe�witb the future munthty pa}mrnts of Funds}+ayab9e�rior to :"�'•• .;,;��,•
<br /> Iha due d�ta ai the ac�+o�itans,shall eaceed the urwunt required to p�y the escrow items when dua t'he eatras shall be, �.��'%ti•'� �:•
<br /> rrenes of Funds.If the •'�'` •••`
<br /> ��gp�rer'�optioo,either pramptly rep�id ta Horrower or crcditod to�vrrower on monthly pay ;•
<br /> . �mount d'the Funds held by Lender it not sul�cimt to pay the escrow items whea due.�or�ower shaii pay�o�.ender any . �
<br /> � �rtaunt neoewry to make up the deflcirncy in one or more payments as roquired by d.en wer. �
<br /> Uponp�yment in full of�ll�um�securad by this Security Instrument,Lender shall promptly refund to Borrower
<br /> �ny Rund�held by l.ender. If under pu��r�ph 19 the Properiy is sold or acquirod by Lender,Lender shall apply,no later ,
<br /> th�n immediately prior 10 the ale of the Property or its uquisition by Lender,any Funds held by Lmder at the time of
<br /> � �pplicatbn a a credit apinst the sums tecured by Ihis Security Imtrument.
<br /> �, A�Ilntla�d P��t�. Unlas applicable law provida otherwise,all payments«ceived by Lrnder under
<br /> �pht 1�nd 2 shall be appliod:flnt,to late ch�rges due under the Note;secood.to prepayment char�es due under the
<br /> � ,third,to unounts p�yable under p�ngraph 2;fourth,ac•�interest due;and laat,to principal due.
<br /> 4� �j� �awa s�i p�y ass iuc,�;,aas�,smr�ts.chasets,fines anc�+mpositions attributable to the ,
<br /> ' , propetty which may attain priority.ove� this Security Instrumrnt, and leasehold payments or gsound rer�ds, if any.
<br /> BortoMer shall p�y thesr obli�ations in the manner provided in p�ragraph 2,or ii not paid in that manner,Harrower shall
<br /> p�y 16em oa time diroctly to�he petson owed psyment.Borroaet shall promptly furnish to Lender all notica of amounts ,
<br /> to be psid under thi�psa@�ph.If Borrowe�m��a thae payments directly,Iiorrawer shall promptly furnish to Lender
<br /> recrfpts evidencinR the p�yments. i .
<br /> Borrower shall promptly dischargt any(ien which haa priority o►er this Security lnstrument unless Borrower:(a) ,,
<br /> ��roa ie�rntin�to the p�ymrn�of the obligation securad by the lien in a manner uceptable to Lender;(b)comests in good y
<br /> � faith the lian by,ot defends�gainst enforcemmt of the lien ia,legal proceedings which in the Lender's opinion operate to
<br /> ' prevent the enforcemenl of Ihe lien or forkiture of any �rt of the Property:or(c)secares from the holder of the lien an : ,
<br /> �retmeM t�tisfactory to l.ender subordin�ting the lien ro 1lais Security Instrument. If Lendec determines that any pan of
<br /> Ihe Propeny is subjoct to a I�en which may attain priority over this Secunty lnstrument, l.ender may give Botrower a
<br /> nolia identifym�the lien. Bonower shall s�i�sfy Ihe lien or take one or more of the act�ons set forth above within 10 days
<br /> d'Ihe�ivin�of ootice. '
<br /> S, H��ard�awrawce, Borrower shall kap the improvements now existing or hereatter erected on the Property
<br /> �nsuted qnnsl lou by tire.h�zards included within the terns"eztended coverage"and any other hazards far which l.ender
<br /> re�ulny irounnce. This inwnnce sh�ll be maiMsmed in ehe amounts and for the �enads that Lender requirrs. The
<br /> �nwruke c�mer prov�din�the miur�nce sh�ll be chosen by Horrower subject to i.ender's approval which shal�not be
<br /> uerer�on�bly wnhheld.
<br /> All ln�urance pc►I�e�n and renewals shall be acceptable to l.enwer and shall include a standard mortgage elause.
<br /> lRnder�hall luve the nah�to hold the poliaes and renewals.lf Lender requires.Borrower shall promptly give to Lender
<br /> i dl nca�qs of paid premiurtu aad renewal ndices.ln the even�of loss,Borrower shall give prompt notice to the ir�surance
<br /> carnsr�nd I.ender.I.ander m�y make p�ooPof loss if not made promptly by Borrower.
<br /> Unless Lender�nd Borrower othervr�se agree m wnt�ng,insu�ance proceeds shall be applied to restoration or repair ,
<br /> ut 1M,p�opeMy��m�ged, if Ihe restor�uon or repai�is economically kasible and Lender's secunty is not lessened. If the
<br /> tauanl�an or rep�u�s na�economically feacible or Lender's secunty would be lessened,the insurznce proceeds shall t�.
<br /> �pplNd tu�he+ums secured by this Secunty Instrument,whether or not then due,w�th any eacess paid to Borrower. !f
<br /> Bortmwe��Mmdan��he Propehy.or JoeY no�anawer within 30 days a not�ce from Lender that the insurance carrier has
<br /> ul�it�d�o�e�tk a clnm,then Lender m�y collert the�nsurance praceeds.Lender may use the proceeds to repair or restore
<br /> IM Pr�ehy o►!n�►ay tunu tia:ured by th�s Serunty Instrument,whetfier or not then due.The 30-day period wi��beBio
<br /> wMa�he nWica e;�ven
<br /> � Unleu Ltnder�nd 8o�rower utherwu�e agree�n w�t�nR•a�Y aPP�����on of proceeds to principal shall not ez�end or
<br /> pa��w►tM Ihe due dr�r s�f idu onomhly paymem�referrn!�.�an�aragr�phs 1 and:����hange the amount of the�+a�raxnts.lf
<br /> un�kr pan���ph I'�ihe P���pen� �r acquued hy Lrndrr.Ek�rrnwer'+nRh�tc�any�nsurance��hcitc and pro�erds r��.ulUng
<br /> frum d�mqe�a Ihe Proprhy pn�.r���ihe acyw�wi�n►hall�*a.s�01 eadtr io�he e��em of ihe sums secured by thii Secuntr�
<br /> InWrumem�mmc�lulely pru�r��►�he�ryuu�uon
<br /> �. Pn�n���lon��1�t+lnteeaee�of P�ooarty:l.eueholds. �rrower Shall not destro}.J�mage or suAstanlially
<br /> .r,...�w.v.,wenv. rI1..W�Me Proneno �u Je�en.+rate��s commu wa�tt IG th�s Secun�} Instrument is on a leasehold.
<br />, J--J
<br /> Q�wl�w►t►�h�ll r�imply w�lh I�hr pt+���+a�m nf�he le��e.�nd if Neirrawer ucywtec tee tme�o tne rroFxrty.�ne icaxin,�.......
<br /> tw tnk ahall nM merge unlati I cnder��rrn����he merger�n wnhnR
<br /> 7, prol�etlt� 01 IRndt►'� RIRht� fn the Prooerty; �1ort�Re Insur�nce. If Borrower fails to perform the
<br /> �u��nanu�nd y��eemen��u�ni+�merf m thi�tierunt�In��rument.or�here iti a legal praeedinq that may sigmflcantly aRect
<br /> 1 emie�'� n�{h���n �he Nrupeny Iwch ��o pnxeeding m hankroptcy. pmba�e,for condemnuuon or to enforce laws or
<br /> rnublN►nN.�hm 1 ender mty du�nd�+ay 1'�+r whrle�e�n nnessary tu prntert Ihe��alue of the Property and Lender's nghts
<br /> �n IM Pny+er�t I�endrr'��ctiun�mr> mrlude paymg�ny eums�ured b�• a lien wh�ch has pnonty over tha Secun�y
<br /> Imuun�n�.Mppear�np in c��un.p�ying rawn�ble rt�orney�fecy�nd emenng on thc Prnperty to make repairs.Although
<br /> t.nklsr m�y I�ke scuun u�der ih�•paraRr�ph�.1 ender does no�h��e�o du w
<br /> Aoy rni+�unl�d�+huned by 1 ender under�h�r�wr�g�aph 7.ha11 lxc��me addmunal debt of liurrower secured by th�s
<br /> !�w�n�y In��rumen� l�nles�Nurrawer�nd 4ender apra�o��ther terms af paymmt,these amounts shall bear i�ural from
<br /> � 1At dnt� �d �l��hur�emtnl �t �he N���e �ue w�J�hall he ���>�nle, wrth inlerec�, upon nouce from Lender to qorrower
<br /> , �puaun�pay�nco�
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