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<br /> UNIFOR[�9 COVENANI'S Borrower und Lender covenunt and Agree us fopaw�s:
<br /> 1. P�ymeet of Principal and letere�t;Prepayment a�d Lwte ChArges. Aorrow•cr shall promptiy pAy .vhen due
<br /> the principal af a�d interest an the dtbi evidenced by the Note and amr prepuyment and laie charges due under the hate.
<br /> 2. Fueds to�T��ca end lns�ranee. Subject to applicable law or ta a written waiver by I.ender,Barr�wer shaq pay
<br /> � to Lender an the day monthly payments are due under the Nate,until the Note is paid in fuli,A sum("Funds")equai to
<br /> nne-twelfth of: fa) yearly taxes and assessmenu which may s►ttain prioriry aver this Security Instrument; (b) Yeurly
<br /> leaschold payments or groun�d rents on the Property, if any; (c) yearly hazard insurancc premiums; and (d� yearly
<br /> mortgage insurance premiums,iPany.Thesc items are called"escrow items."Lender map estimate the Funds due on the
<br /> b�tsis oFcurrent data and ressonable estimates of future escrow items.
<br /> The Funcls shall be held in an institution the depasits ar accounts of w hich are insured ar guaranteed by a federal or
<br /> state sgency (ineluding I.ender if'Lender is such an institution). l.ender shall apply the Funds to pay the escraw items.
<br /> Lendtr may not charge for holding and applying the Funds,analyzing the accaunt or veriPying the escrow items, unless
<br /> Lender pays Hc�rrower interest on the Fuads and applicable law permits I.ender to make such a charge. Borrower and
<br /> Lender may ag�ee in writing that interest shall be paid on the Funds. Unless an agreemenc is mude or applicable law
<br /> requires interest to be paid, Lender sha11 not bc requircd to pay Borrower any intcrest or earnings on the Funds. Lender
<br /> shall La[icr ta Borrower,without charge,an anaual accounting of the Funds showing credits and debits ta the Funds and the
<br /> pur,�e t�r which each debit ta the Funds was made.Tha F�ends are pledged as additianal security for the sums secured by
<br /> this Secc�acty Instrument.
<br /> If the amount of the Funds held by Lender,together with the future montbly payments of Funds payable prior tv
<br /> the due dates of the acrow items,shall exceed the amoant Eequired to pay the escraw items when due,the eacess shall be,
<br /> at Horrower's aption,either promptly repaid to Borrower vs credited ta Borrower on monthly payments of Funds.If the
<br /> amount of the Funds held by Lender is noi sufllcient to pay the escrow items when due,Borrower shall pay to Lender any
<br /> amount nccessary to make up the deflciency in one or more payments as reyuired by Lender.
<br /> Upon payment in full of all sums secured by this Security lnstrument,Lender shall pram.�tly refund to Bonower �
<br /> ar�y Funds hcld by I.ender.If under paragraph @9 the Yroperty is sold or acquired by Lender.Lc�aier shall apply,no latu
<br /> thxn immediately prior to the sale of the Praperty or its acy,uisition by Lender,any Funds held i�y Lender at the time of
<br /> application as a credit against the sums secured by this Secu.�e3y Instrument.
<br /> 3. Appltcatton of Payments. Unless a��lirafi2�Ea�v provides otherwise.all payments received by Lender under
<br /> paragraphs 1 and 2 shal)be applied:flrst,to late ekear�es t�ue under the Nate;second,to prepayment charges due under the
<br /> Note;third,to amounts payable under paragrap[t 2;fourt�t,to interest due;and last,to principal due.
<br /> 4. C6arge�Lteas. Borrowcr shall pay all taxes„a.4sessments, charges, fines and impositions attributable to the
<br /> • Property which may attain priority.over this Security instrument, and ieasehaEd Fayments or ground rents, if any.
<br />. . Bonower shall psy these obligations in the manner provided in paragraph 2,or if nrai�aid in that manner.Bonower shall
<br /> pay them on time dirxtly to the person owed gayment.Bonower shal!promptly furnish to Leader all notices of amounts �
<br /> to be paid under this paragraph.If Borrower inakes these payments directly, Honower shall pramptly fumish to Lender :
<br /> ; receipts evidencing the payments. . . � i ;
<br /> Borrower shal)promptly discharge any lien whi�h has priority over this Sec�rity Instrument unless B�rrower:(a) , .=�=
<br /> � agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender,(b)contests in goa3 =�'�`-x�
<br /> faith the lien by,or defends against enforcement of the lien in,legal proceedings which in the Lender's opinion operate ta f
<br /> prevent the enforcement of the lien or forfeiture of any part oP the Property;or(c)secur�from the holder of the lien an . -
<br /> agrament 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 Secnrity lnstrta�ent,Lender may give Borrower a
<br /> notice identifying the lien.Borrower shall satisfy the lien or take one or more of the�ctions set forth above within 10 days
<br /> of the giving of notice. '4
<br /> S. t�a�ard Iesuranee. Bonower shalD iceep the improvements now eaisting or hereafter erected on the Property
<br /> " insured against loss by fire.hazards included w9tAin the term"extended coverage"and any other hazards for which Lender
<br /> reqnircs insurance. 'I'his insurance shall be maintained in the amounts and for tlte Qeriods that Lender requires. The
<br /> . insurance earrier providing the insurance shall be chosen by Borrower subject tn�.ender's approval which shall not be
<br /> unreasonably withheld.
<br /> Ap insuraace policies and renewals shall be acceptable to Lender and sh�Il include a standard mortgage clause. e. `.
<br /> � Lender shall have the right to hold the policies and renewals.If I.ender�quires, Harrower shall promptly give to Lender
<br /> all receipts of paid premiums and reaewal notices. ln the e�ent of loss,,&;rrower shaE�give prompt notice to the insurance � ,�s�
<br /> carrier a.nd Lender.Lender may make proof of loss if not made promptly by Borrower. � �
<br /> Uniess Lender and Borrower otherwise agree in writing,insurance proceeds shall be applied to restoration or repair C��:
<br /> of the Property damaged,if the restoration or cepair is ecanomically fi�.ible and Lender's security is not lessened. If the �< ��
<br /> restoration Qr repair is not economically feasiBfe or Lender's security wauld be lessened, the insurance proceeds shall be •
<br /> applied��a;he sums secured by this Security Instrument, �ftether or not then du�„with any eacess paid to Sorrower. If ...
<br /> . , Borravker abandons the Propeny,ar does not answer aitkia 30 days a notice fros�n Lender that the insurance casrier has
<br /> offered to settle a claim,then Lendtr may collect the insurarcce proceeds.Lender may use the proceeds to r�pair or restore
<br /> the Property or to pay sums secured by this 5arurity Instrument,whethec or not then due.The 3aday pe»od will begin
<br /> . when the notice is giccn. .
<br /> . . 'IJf�l.ender and Borrowec oiherwise agree in writin,g,any application of prui7eeds to principal shall nat axtend ar
<br /> ' postpane t�re due date of the montkTy payments referred tc�in�paragraphs 1 and 2 dr ehange the amoant of the payments.if
<br /> , under paragraph 19 tho 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 tht acquisition.
<br /> 6. Preaervatfon and Mdntenance of Property;Ixa�eholds. Borrower shall not destroy.damage or substantially
<br /> change the Ptopeny, allow the property to deteriorate or commit waste. if this 5ecurity ]nstrument is on a leasehold,
<br /> Borrower shall comply with the provisions of'the lease.and if Bonower acquires fee title to the Property.the leasehold and %-_ _—_=
<br /> fee title shall not merge unless Lender agrees to the merger in writing. '
<br /> 7. Protection ot l.ender'a Rights in the Property; Mortgs�ge Insurs►nce. If Borrower fails to perform the
<br /> covenants and agteements contained in this Seeurity instrument,ot there�s a legal proceeding that may sigriificantly affect
<br /> Lender s rights in the Propeny(such as a proceeding in bankruptcy, prabate, for condemnation or to enforce laws or
<br /> tegulations),then Lender may doand pay for whate�•er is necessary to protect the value of the Property and Lender s r�ghts
<br /> in tht Proptrty. Ixnder's actions may inelude paying any sums secured hy a lien which ha, pr�ority ��•er this 5ecurity
<br /> L instrument.apptaring in court,paying reasonable attorneys'fees and entering on the Pro�,erty to make repairs. Although
<br /> L.ender may take action under this paragraph 7.Lender does not have ta do so.
<br /> Any amoums d�sbursed by Lender under this paragraph 7 shaU become addmonal debt of Borrower�ecured by�his �
<br /> Secunty Instrument. Unless Eiorrou�er and Lcnder agree to other terms of payment,the�e:�mounts tihall bear�ntere�t fn•m
<br />_ the date af disbursentent at the Note rate and chal) hr payable, a�th �nterr�t. up�.n nnt�cr fr��m 1 endcr t�, Finrf���►C� �
<br /> rey uect ing pay ment ��
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