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<br /> UNIFORM CavEN�NTS. Borrower and I.ender wvenant�nd agra as follows:
<br /> � 1. Pay�t ot Pr#eci�ai u�Interat;Prep�yment tad Lte Char�a. Borrower shall promptly pay when duc
<br /> the principal of and interest on tha debt evidenced by the Note and sny prep�yment and late charges due under the Note.
<br /> 2. F�nd�for Ta:a�nd Insar�uee. Su6ject to applicable lavir or to n written waiver by Lender,Borrawe�shall pay
<br /> ta Lender on the dsy monthly p�yments are due under the Note,until the Notc is paid in full�a sum("Funds")equal to
<br /> onrtwelRh of: (a}yeuly taxes �nd use9sments which may attain priority over this Security Instrument; (b) y�arly
<br /> lauhold payments or ground reau on the Property, if any; (c) yearly huard insurance premiums; and (d) yearly
<br /> mort�e insurance pnmiums�if any.Thae items ue called"acrow items."Lender may estimate the Funds due on the
<br /> basis of current dau u�d reasonable estimates of ftiture escrow ltems.
<br /> The Funds sh�ll be held in an institution the deposits or accounts of which are insured or guaranteed by a federd!or
<br /> atate a�ency(includina Lender if I.ender is such an institution). Lender shall apply the Funds to pay the acrow items.
<br /> Lender may aot char�e for holdina and applyina the Fund�,analyzing the account or verifying the escrow items,unlas
<br /> Lender p�ys Borrower interest on the Funds and applicsble!sw permits Lender to make such a charge.Horrower and
<br /> La�der msy agra in �vriting that interest shall be paid on the Funds. Unless an agrament is made or spplicable law
<br /> roquira interest w be psid,Lender shall not be required to pay Bortower any interest or earnings on the Funds. l.ender
<br /> shall give to Boarower,without charge,an annw�l accounting of the Funds showing credits and debits to the Funds and the
<br /> purpose for which each debit to t}�e Funds was made.'The Funds are pleclged as additional security for the sums secured by
<br /> this Security Instrument.
<br /> If the amount of thc Funds held by Lender,togethe7r with the fliture monthly paymenu of Funds payable prior to
<br /> tbe due dates of the escrow items,s1u11 eacad the unount required to psy the escrow items when due.the excess shall be,
<br /> at BorroMer's option,eitbv promptly repaid to Horrower or credited to Borrower on monthly payments of Fnnds.If the
<br /> amount of the F�nds held by I.ender is not su�cient to p�y the escrow items when duq Borrower shall pay to Lender any
<br /> amount nocessary to malce up the deflciency in one or more payments as required by Lender.
<br /> Upon payment in fi�ll of all sums secured by this Security Instrumeat,Lender shall promptly refund to Borrower
<br /> any Fuads held by Lender.lf under paragraph 19 the Property is sold or acquired by Lender.Lender shall agply,no later
<br /> thaa immediately prior to the s�le of the Property or its acquisition by Lender,any Funds held by Lender at the time of
<br /> application as a credit�gainst the sums secural by t}us Security Iastrummt.
<br /> 3. Ap�tteadoe o!Payaents. Unless applicable lsw prorides otherwise,all payments received by I.ender under
<br /> parsgraphs 1 and 2 shall be applied:8rst,to late chargrs due under the Notr,second,to prepayment charges due under the . :
<br /> Not�third,to an�ounts payabk under paragraph 2;fourth�ta interat due;and last.to principal dae. .
<br /> 4. C�Lte�s. Borrower shall pay all taxes.asses4ments.chuges,8na and impcuitions sttributable to the
<br /> Property �vhicb �aay st3ain priority,over this Secwity Instrument. �nd leasehold paymenu or ground reats� if any.
<br /> Borro�ver ahaU ps7r thae oblifUtions in the manner nrovided ia nans►sanh 2.or if nut paid in thst manner.Bormder shall -
<br /> p�y theta ou time dinctly to the person owtd pay:neat.Borrower shall promptly furnish to Lender all natiaes of amaunts '
<br /> to be paid under this psragraph.If Borrower makes these payments directly,Borrower shall promptly furnish to Lender :
<br /> reoapta evidmcing tlK payments. �
<br /> HomoMer shall promptly dischuge any lien which hu priority over this Security lnstrument unless Horrower:(a) =
<br /> agras in Mritina W the psyment of the obligation secwed by the lien in a manner acceptable to Lender;(b)contests in goad ' _
<br /> faith the liaa by,or defrnds sgainst enforcemrnt of the lien in.legal procadings ahich in the Lender's opinion opente to ' -
<br /> pnvent the enforcement of the lirn or forfeiture of any part of the Property;or(c)secures from the holder of the lien an • -�
<br /> aEroemmt satisfictory to Lender subordinating the lien to this Secwity Instrumont.If Lender determines that any part of ;.
<br /> the Property is subject to a lien which may attain priority over this Secarity lnstrument, Lender may give Bo�trower a ti
<br /> notic�e idtatifying the lien.Borrower ahall sitisfy the lien or take one or more of the actions set forth above within 10 days
<br /> of tlu giving of notice.
<br /> � 5. Haard Iawraaee. Borrower shall keep the improvements now existing or here�fter erected on the Property ; ,
<br /> insured sEainst loss by fire,hszards included within the term•'extended ooverage"and any othu hazards For which Lender ? '
<br /> requires instuance. Thu inaurance shall be mainuined in the amounts and for the periads that Lender requires. 7'he '
<br /> insurance canier rovidin the insurance shall be chosen b Horrower su ��
<br /> p g y bject to Lender's approval which shall not be
<br /> unreaaonably withheld. .:�•.,
<br /> All insurance policies u�d renewals shall be acaptable to Lcmder and shalf include a standard mortguge clause. ��.,�,
<br /> Londer ahall have the sight to hold the policies and renewals.If Lender requires,Borrower shaU promptly give to Lender �
<br /> all rereipts of paid premiums ind renewal notices.In the event of loss.Borrower shall give prompt notia to the insurance '
<br /> � canier�nd Lender.Lender may make proof of loss if not made promptly by Borrower.
<br /> [jnkss Lender and Borrower otherwise agree in writing,iasurance proceeds shsll be applied to restontio�r or repair �
<br /> . of the Property damaged,if the reaWration or repair is economically feasible and Lender's security is not lessentd. If the
<br /> ratoration or repair is not economically feasible or Lender's security wouJd be lessened,the insurana proceeds shall be
<br /> apptied to the sums saeured by this Security Instrument.whethrr or not then due,with any eacess paid to Horrower. �f
<br /> Borrower abandons th�Property,or does not answer within 30 days a notice from I.ender that the insurance carrier has
<br /> • olFered to settle a claim,then Lender m�y collect the insurance proceeds.Lender msy use the procetds to repair or restore
<br /> the PropeRy or to psy sums secured by this Security Instrument,whether or nut then due.The 30-day period will begin
<br /> whrn the notia is given.
<br /> Unkss I.enda and Borrower otherwise agra in writing,any application of procads to principal shall not extend or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments.If
<br /> under patagraph 19 the Property is acquired by Lender,Borrowet's right to any insurance policies and proceeds resulting
<br /> from damage to the Property prior to the acquisition shatl pass to Lendor to the eatent of the sums secured by this Security __ __
<br /> Instrumrnt immediately prior to the xcquisition. ; T
<br /> 6. Praenatlon and Mdnteeance ot Propert�,Leaseholds. Bonower shall not destroy,damage or substantially
<br /> change the Property,allow the Property to deteriorate or commit waste. ]f this Security lnstrument is on a leasehold.
<br /> Bonowerahall comply witb the provisions of the lease,and if Horrower acquires fee title to the Property.the leasehold and
<br /> fa title ahaU not merge unless Lender agras to the merger in wciting. '
<br /> 7. ProtecHop of I.ender's A1aLb !n tha Property; Mort�e Insnrance. If Borrower fails to perForm the
<br /> covenants and agreemenu cantained in this Security lnstrument,or there is a legal proceeding that may significantly aftect '�
<br /> � Lender's rights in the Property (such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws or
<br /> reaulttions),then Lender may do and pay for whatever is necessary to protect the value of the Property and L.ender's rights
<br /> in the Propeny. Lender's actions may include paying any sums ucured by a lien which has pnonty over this Security r�
<br /> Instrument,AQ�ring in court,paying reasonable attomeys'fees and entering on the Property to make repa�rs. Although ���
<br /> Lender may take action under this paragreph 7,Lender does not have to do so.
<br /> Any amounts disbursed by 1.ender under this paragraph 7 shall become additianal debt of Liorrower cecured by th�s ' �'
<br />; Secunty Instrument.Unless Borrower and L,endet agree to other terms of payment,these amounts shall hear�nteres� fr�m ��
<br />_ the Aate �f disbursement at �he Notc rate and shall be payeb�e, with interest. upon natue from I.endcr tc� H��r��wcr
<br /> requating payment
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