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<br /> UNIFORM CovENANTS. Borrower�nd Lender covenanl and�gree xs follows: � ��~ �O V 412
<br /> � l. Aaymtnt ot Priaci�al ud IAtere�t;Frepaymeat�ad Late�. Bosrower shall promptly pay when due
<br /> the priacipnl aPaad interat oa the debt evidenced by the Note srid any prepayment and late chargrs due under the Note.
<br /> 2. Fuads for Taua asd I�wranee. Subjt.ct to�pplic�ble l�w ar ta�written waiver by l.ender�Borrower shs�ll p�y
<br /> to Lender on the day manthly payments are duc under the Nate,until the Note is paid in fl�ll,a sum("Funds")equ�l to
<br /> , one�twelRh of: (a)•yariy uxes �nd assessmenu whirh m�y attain priority over this Security Instrument; (b) ye�rty
<br /> 1p4xltold p�ymenu or around ret�ts on the Property. is any; (c) yearly haurd insurance premiums; and (d) yarly
<br /> mortsate insurance premlums.if any.Tl�ae items ue called"escrow items."Lender may estimAte the Funds due on the
<br /> buis of cunent data and reasonible estimat�s of future acrow items.
<br /> The Funds shall be held in aa institution the depasits or accounts of which ue insured or guuanteed by�feder�l or
<br /> stste sexncy(including Lender if Lender is such an institution). I.ender sh�ll apply the Funds to psy the Gscrow items.
<br /> Lender may not chsrge for holding and applying tbe Funds,u��lyzing the account or verifying the escrow items,unlas
<br /> Lender pays Borrower interat on the Funds snd applicable law permits Lender to make such a chuge.Borrower and
<br /> , I.ender may aara ia writing thst iraterest shall be paid on the Funds. Unless An agrament is made or applicable law
<br /> requires interest to be paid. Lender sh�ll not be roquired to pay Bonower any interat or eunings on the Funds.Lender
<br /> slull givG to Borrowu,wlthout chuge,an annwl ucounting of the Funds showing crediu u�d debiu to the Funds and the
<br /> purpcue for which each debit to the Funds wu made.The Funds are plodged as additional security for the sums secured by
<br /> this Security Instrument.
<br /> If tbe unount of the Funds held by Lender.together with the future monthly payments of Funds p�yable prior to
<br /> the due dates of the escrow items,shall eacceed the amount required to pay the acrow items when due,the exceu shall be,
<br /> at Borrower's optlon,either promptly repaid to Bonower or credited to Bonower on monthly psyments of Funds. If the
<br /> amount of tbe Funds held by Lender is eot sut!'icient to psy the escrow items when due,Borrower shall psy to Lender any
<br /> amout�t necessary to make up the deficiency in one or more pay�reents as reguired by Lender.
<br /> Upon paymient in full of all sums secured by this Security Instrument,Lender shall promptly refund to Borrower
<br /> any Funds held by Lendar.If under paragraph 19 the Propeny is sold or acquired by Lender�Lender shall apply.no later
<br /> tl�an immediately prior to the sale of the Property or its acquisition by Lender,any Funds held by Lender at the time of
<br /> spplkation as s credit asainst the sums secured by this Seturity lnstrument.
<br /> 3. A�lieatk�ot Paymeab. Unless spplicable law provides othavv�se,all payraents reoeivod by Lender under
<br /> puaarapbs 1 and 2 shall be applied:&rst,to ute chuges due under the Note;second,to prepaymrnt charges due undor the .
<br /> Not�third,to amounts p�yable under pangnph 2;fourth,to interest due;and lut,to principal due.
<br /> 4. G�e�e�Led. Borrower shall psy s11 taxes,assessments. chuges,fines aad impositians tttribuuble to the � '
<br /> Property �►bich may attain priority,over this Security Instrument,and leasehold payments or ground rents. if any. . ..
<br /> Botro�rer s1u11 psy these obligations in the manner provided in pangrapb 2,or if not paid in that maaner,Barrower sha11
<br /> thein on time directl to the }�`�;=
<br /> p�y y pason owed paymen�Borrowet sh�ll promptly furnish to Lender all notices of amounts ;. ,;.
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<br /> !�....�:.tw... ih'ss�.:yf."'�p,.. .f,,.,r.�:,��r�:.p�i;��,�.yi—.ae�,is di;eti,y,Dv,.G:iici 5nalj piumpiay iurni�n iv s.ender =- -
<br /> raodpts evidencing the p�yments. '. -=
<br /> BosroMer shsll promptly disch�rge any lien which haa priority over this Security Instrument unless Horrower:(a)
<br /> agas in�rritiag to the p�yment of the obligation secured by the lirn in a manner acceptable to Lender;(b)contests in good -
<br /> faith the lirn by,or defrnds against enforcement of the lien in,legal procoedings�vhich in the Lender•s opinion operate to �
<br /> ' prevent the enforcement of the Uen or forfeiture of any put of the Property;or(c)secures from the holder of the lien an °.
<br /> asreement satisfutory to Lender subordinating the lien to this Security Instrument.If Lender determines thst any part of ��
<br /> the Property is subject to a lien which may attain priority over this Security Instniment, Lender may give Bu�trower a
<br /> notice identifying the lien.Horrower shaU satisfy the lien or take one or more of the actions set fonh a0wve within]0 days
<br /> of the giving of notice. �
<br /> S. Huard Iaan�ce. Rorrower shall kap the improvements now eaisting or hereafter erxted on the Property
<br /> inaured a�ainst loss by fire,hatuds included within the term'extended coverage"and sny other hazards for which Lender � .
<br /> requires insurance. This insurance shall be maintained in the amounu and for the periods that Lender requires. The y �
<br /> insurancx carrier providing the insurance shall be chosen by Horrower subject to Lender's spproval which shal)not be
<br /> tmrasonably withheld. -
<br /> All insurance policies and rmewals shall be acceptable to Lender and shall include a standard mortgage clause. ;� �
<br /> Lender ah�ll have the right to hold the policies and rene�vals.If Lendu requires,Borro�rer shall prompdy give to Lender '.�',
<br /> . a11 receipts of paid premiums and renewal notices.In the event of loss,Horrower shaU pve prompt notia to the insurance •
<br /> curier aad Lender.Lender may make proof of loss if not made promptly by Borrower. �
<br /> Unitss Lender and Borrower otherwise agree in writing,insurance procoeds shall be applied to rataration or repair
<br /> of the Property damaged.if the restoration or repair is econoroically feasible and Lender•s security is not lessened.If'the
<br /> rawration or repair is not economically feasible or Lender's security would be lessened,the insurance procaeds shall be
<br /> � appliod to the sums secwed by this Security Is�strument,wtuthor or not then due�with any excess paid to Borrower. If
<br /> Borrowrer ab�ndons the Property,or does not answer within 30 days i notice from Lender that the insurance carrier has
<br /> : o�'eted to aetilt a claim.thea Las�u m�ey co11xE tlte ins�rance psocx�s.Lender may eue the psoce�s ta rcpais ar restore
<br /> the Property or to pay sums secured by this Security Instrummt,whether or not then due.The 30-day period will begin
<br /> � �vhen the notice ia�iven. �
<br /> � Unkss Lender md Borrow�erathenvise agree in writing,any application of proceeds to principal shall not extrnd or
<br /> postpone the due date of the monthly payments referre�to in paragraphs 1 and 2 or change the amount oPthe payments.If
<br /> under puagraph 19 the Property is acquired by I.ender.Borrower's right to�ny insurance policies and proceods resuJting
<br /> from damsge to the Property prior to the acquisition shall psss to Lender to ihe extrnt of the sums secured by this Socarity
<br /> lnatrument immedistely pr�or to the acquisition. �=___-
<br /> 6. Praenatio�and Mslate�aeee olProoer�,Lea:ehold�. Borrower shail not datroy,damage or substantially '
<br /> change the Property,allow the Property to deteriorate or cammit waste. lf this Security Mstrument is on a lasehold.
<br /> Borro�rer shall comply with the provisions of the lease.and if Bosrower acquires fee title to the Property.the leasehold and �
<br /> fa titk shall not merge unless Lender agras to the merger in writing. �
<br /> 7. Protecdo� o� Leader's Ri�b in t6e Property; Mort�e Insurance. lf.Bonower fails to perform the
<br /> covenants and aEramtnts contained in this Security Instrument.or there is a legal proceeding that may significantly aRect �
<br /> � Lender's rights in the Property(such as a proceoding in bankruptcy,probate, for condemnation or to enforce laws or
<br /> rejulations).then Lender msy do and�psy for whatever is necessary to protect the value of the Propeny and Lender's nghts
<br />. in the Property. Lender's actions may include paying�ny sums securod by a lien which has priority over this Sscurity �
<br /> lnstrument,appearing in court,paymg reasonable attorneys'fees and entering on ihe Property to make repa�rs. Although �p
<br /> d.endet msy take action under th�s paragraph 7. Lender daes not have to do sn. tta
<br /> Any omouiNs d�si�ursed by l.er�der u�,der this paragraph?sha11 become additionai debt of Borrower secured by this � +--
<br />' Secunty Instrurnent Unless Borrower and Lender agree to other terms of payment,these amnunts shall bear mrerest from '. "
<br /> the dste of disbursement at the Note rate and shall be payabte. wuh �nterest. upon notice from Lender to Bc�rrower
<br />. request�na payment.
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