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<br /> UNIFORM COYEIVANtS. 8onowor and Lender covenant and agree s�s follaws: : "�" 10 s 3 S 1
<br /> � l. Pa�rse�t at Priaat�al ud Interest;prepayinent aad I,ste Char�es. Borrower shall promptly p�y when due
<br /> the princip�l of and interest on the desl evidenced by the Notc and su�y prepayment and late chxrges due under the Note.
<br /> 2. F1��ds[or Taxa asd Ia�raece. Subject to aQpiicatbte law or to a written waiver by Lender,Borrower shall pay
<br /> to Lettder on the d�y mo�thly p�yments arc due under the Note,uatil the Note is psid in full,a sum(•'Funds")equal ta
<br /> one-twelRh of: (a�yearly taxes and assessments which may atuln priority over this Security Instrument; (b) yurly " �
<br /> la�sehald p�yments or ground rents on tho Property. J any; (c) yearly hazdr�i lnsurance premiums; and (d) yearly
<br /> mort�e irisurance premiums,if i+ny.7'hae items�re called"escraw items."Lender may estimate the Funds due on the
<br /> basis of current dau and�asonable atimates of future escrow items. �
<br /> ?ha Funds shall be held in an institution the deposlts or accounts of which ure insured or g�arantad by�fede�al or
<br /> atste sgency(includin:Lender if Lender is such an institutian). Lender shall apply the Funds to p�y the escrow itams.
<br /> �,�ender may aot charge for holding�nd applying the Funds,analyung the accaunt or verifjring the escrow items,unless
<br /> I�ender p�ys Bonower interest oa the Funds and spplicabl�law permits Lender to make such�chuge. Ac+rrower and
<br /> Lender may agree in�rriting that interest shall be paid on the Funds. Untess an agrament is made or applicable law
<br /> , roquira interrst to be paid,Lender shall not be required to psy Horrower any interat or earnings on the Funds.Let�der
<br /> thall pve toHormMU,without charge,an annual arcounting of the Funds showing credita aad debits to the Funds and the
<br /> purpose for Mhich ach debit to the Funds was made.The Funds ut plodged as additional security for the sums secured by
<br /> thls Sxwlty Instrument.
<br /> If the unount of the Funds beld by Lender.together with the future monthly payments of Funds payable prior to
<br /> the due dates or the escmw items.sh�ll excoed the amonnt required to pay the escrow items when dua,the eacess shall be,
<br /> at Horro�ver's option.ather pmmptly repaid to Borrower or crodited to Borrower on monthly p�yments of Funds. If the
<br /> atnount of the Fands held by Lender is not snfficient to pay the escrow items whrn due,8arrower shall pay to Lender any
<br /> , unount necxssary to make up tbc deBciency in one or more paymonts as required by Lender.
<br /> Upon psymeat in fuU of zll sums secwed by this Sccurity Instrument,Lender shstll promptly refund to Borrower
<br /> any Funds heid by Lender.If under puagnph 19 the Property is sold or aaquired by Lender,Lender shall apply,no later
<br /> than immediately prior to the sale ot'the Property or its acquisition by Lender,any Funds held by Lender at the time of
<br /> � application�s a credit apinst the sums xcured by this Security Instrnment.
<br /> 3. A�llpdo�oi P�yeienb. Unless spplicable la�+provides otherwise,all payments received by Lender under
<br /> puaaraphs i and 2 sha11 be applied:8rst,to l�te chuga due unde:the Note;second�to prepayment charges due under the �
<br /> , NotG third.to amounts payable under puagraph 2;fourth�to intenst dur,and last,to principal due. � .
<br /> 4. Ctirfe�LieM. Borro�vu shall pay all taxq.auessments,charga,Rnes and impositions attributable w the
<br /> Property w►hich msy atuin priority,over this Security Instrument, and lasehold payments or ground rents. if any. ,
<br />� .. . �.^.::.Z�..�: . �; 1.• . �» e . � - _=
<br /> =�S«. F:.�i.h.:.:.�..l:�y.i;,.;5 ii,2i1c t',,:u,xi}',ia,�i�,ou u,jHUi��pn c,ur i�m�i paiu in inui manner,norrvw�er shsli � �.-_�
<br /> 1 pay them oa time directly to the person oMOd payment.Borrowtr shall promptly furnisti to Lender all notices of amounts � '"'
<br /> ' to be paid under this parasraph. If BorroMer makes these payments dirxtly.Horcower shall promptly furnish to Lender � '
<br /> ' rxdpts evidaicing the psyments. ' .-
<br /> Borto�►er shaU�mmptly dischuge any 11en which hu priority over this Socurity Instrument unlas BorroMer:(a) �
<br /> aarees in�vriHas to the paytmnt of the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good �
<br /> fsith the lien by,or defmda sgainst enforcement of the lien in.legal proceedings�hich in the Lender's opinion operate to ,
<br /> prevmt the mforament of the lien or forfeiture of any part of the property;or(c)secures from the holder of the lien an ��_
<br /> s:ramait attisfictory to Lender subordinating the lirn to this Security Instrumrnt.If Lender determines that any part of
<br /> the PropeRy is subjat to a lien which msy attain priority ovcr this Security lnstrument, Lender m�y geve Barrower a
<br /> notioe ideatifying the lien.Borrower shall suisfy the lien or take one or more of the actions set forth above within 10 days
<br /> of the aivins of notico.
<br /> S. H��ard Iawe�anc�. Horrower shall kap the improvements no�v existing or hereafter erected on the Property �
<br /> insured saairat loas by fire,hazards included within the tetm•'eatended coverage"and any other huards for which Lender i
<br /> requins insurance. This insurance shall be msintained in the unounts and for the periods that Lender requira. The �
<br /> inwranix carrier providina the inswance shall be chosen by Borrowes subjoct to Lender's approval which shsll not be
<br /> unna�onably w►ithheld. �
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<br /> All ins�rance policies and renswals shall be accepuble to Lender and shall include a standard mortgage clause.
<br /> Lender t�ha11 have tbe right to hold the policies and renewals. If Lender roquires.Borrower shall promptly give to Lender
<br /> all reaipts of paid premiums and renewal notices.In the event of loss.Borrower shall give prampt rcotice to the insurance �
<br /> curier and Lender.Lender msy make proof of loss if not made promptly by Horrower.
<br /> Unlas Lender and Borrower othenvix agree in writins,insurance proceeds shall be applied to reswntion or�epair �
<br /> � of tHe Property damssed,if the raWration or repair is economieaUy fasible and Lender's security is not lessened.If the
<br /> ratontia�or rep�ir is not economic�lly fasible or Lender's security would be lessened,the insurana praceeds shall be
<br /> � ap�lied to the sums secvred by tleis Sacarity Issstrtunait.wheihes ar nat then due,with any cxcess pAid to Borrower. If
<br /> Borrwver abandons the Pmperty�or does not answer�vithin 30 days a notice from Lender that tl�e insurance carrier has
<br /> o�'ered to settk a cltim,thm Lender may collect the insurance procads.Lender may use the praceMs to repair or restore
<br /> t�e Property or w pay sums securod by this Security Instrument,�vhether or not then due.'The 30�day period wiU begin
<br /> �vhen the notice is given.
<br /> Unkss Lrnder and Borrower otherwise agree in writing,any application of proceeds to principal shaq not extend or
<br /> patpone the due date of the monthly paymenu refened to in paragraphs 1 and 2 or change the amount of the payments.lF
<br /> under pvagnph �9 the Property is acquired by Lender.Borrower'a right to any insurance policies and proceeds resulting
<br /> from damage to the Prop�rty prior to the�cquisition shall pus to LendGr to the extent of the sums secured by this Security __-_T--__
<br /> in:trument immodiately prior to the acquisition. ;
<br /> 6. Peaerr�tloK a�i Maintee�nce ot Properfb�;Lene6olds. Borrower shall not destroy,damage or substantially
<br /> chanae the Property.alb+v the Property to deteriorate or commit waste. If this Security lnstrument�ia on a leaxhold, �
<br /> Borrower sha11 coreply with the provisions of the lease.and if Bonower acquires fa title to the Property;the Irasehold and
<br /> ta titk shall not merge unkss Lender agras to the merger in writing. �
<br /> �. Protectioo ot Le�der•s Ri;lib in t6e Property; Mort�ge Insunnce. If Horrower fails to perform the �
<br /> covenants and sgeernent�contained in this Security Instrument,or there is a tegal proceeding that may significantly affect
<br /> L 1Rndet's ri`hts in the Property(such as a proceeding in bsnkruptcy� probate, for condemnation or to enforce Iaws or
<br /> re�ulations).then[.endet may do and psy for whatever is necesssry to protect the value of the Propeny and Lender's rights
<br /> in the Property. Lender's�ctions may include pAying any sums secured by a lien which has pnority aver this Security �
<br /> Iflsieutr�rnt,rppearing in court.paying ressonable attornrys'fees and entering on thc Property to meke repa�rs Although ��
<br />. Lender msy�ake action under th�s psr�graph 7.Lender does not have to do so. ,
<br /> Any amounts disbursetl by l.ender undet this paragtaph 7 shall become add�t�onal debt of Borrower secured by this h. .:
<br /> Secunly Insitument. [)nless Bortower�nd Lender egtec to other terms of payment,these amnunts shall txar in�crest Prom
<br /> tht drtt of disbursement at the Note ratc nnd chall be p�yabte, �vith �ntertst, u�n nut�ce frc+m Lender tn f�nrrower
<br /> requesitn�paYment
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