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<br /> .?�•t� '' .. UNiPO�N COVENAN7E. Borrower Md L.ender covenant and t�roe as folbws: "`—–
<br /> .. �. �a�.we ot�.e+w..+vunsn P•+�•nM.�.+w�.c.er.�.. 8onower�h�ll prompdY My when due �;-�`�u: .
<br /> _ tbe priacipd ofar�d interat oa the debt evidrnced by the Note and any pteptyment and I�te char�a dus undcr the Note. '�m`-�""'°"""""`.�
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<br /> 3. F�tarTa�cM ui liwra�t. Suaject to�pplicabk I�w or to a written Maiver by Lender.Borro�rer shall pay �':;`i� �:��,�
<br /> to I,ender on the day moathly paymmts are due under the Note,undl the Note is p�id in fwlt,,�:um("Funds")eqwl�a •� +,i���•��-
<br /> ono.t�vdRb d:(a}yarly tua �d �ssasments whic h m�y �tt�in prionty over th�: Securny Insuumenr lb)yarly ,
<br /> In�e1wW payn�ts or�ound rents on the P�operty, if any; (e) yearly hrwrd in:unnce premiums: and(d)ydrly ��
<br /> mwrt�e insuranoe premiumt,if any.These item��re called•'escrow�tem�."L,ender may atim��e the Fund�due oa the � .. ;.
<br /> – b�uaa oi'current data and rawn�bk atinutes of futurc aerow items.
<br /> "Q1e�w�ds shall be hold in w imtitution tbedeposit�or�ccounts of which�re insurcd or Qwr�ntad by a federnl or ,,..;,,:,•.....
<br /> sh
<br /> ' qate a�C7r(i�cludia�I.wder'J'i l.endei i�such m institution).Lender:hall apply the Funds to pay�he acrow itemt. �
<br /> � i,ender pu�9r tqt cQw(�s for mo�d'ca��ad spplyin�the Fueds,�ndyzing the Account or vetifying the escro�v hed�.unless � .. ._
<br /> ! i.euder p�ri Bvrno�rer iataat oa tbe Funds u�d�pplicabk bw pem�its l.ender to make such a charge. Ba�m.Jr�er�nd
<br /> LJeader m�y�yroe ia�rritiq�that ip�terest slWl be paid on the Fwids.Unles4 an agrament i:mada or a�pplec�le Ia+M
<br /> � �interat to be pdd.Lender sb�l eot be requirod to pay�ro�wer an�iotetat or arnings oo the Fuod,.A.a�d�r
<br /> � � ahwll�iwe t�BorroMer.�vithout cba�e,an annwl uoountin�oi the Funds show�ing credits�nd debiu to the Fuads aawllE�e
<br /> � ° purpote fa��bich ac6 debit to tlie Fund+�ws�made.The Funds are pkd`od u�dditional socurity for the swns secwed�y . ,.
<br /> .� � tD�Sacurity In�trwneet. � • �=.
<br /> � . � iilha�m�unt d'tbe Fu�heW by L.mdtr,toget6er with the futua monthlY psYmmts oi'Funda pay�ble prior tQ _.� ..
<br /> . , t@�e due dates aF the acroM itaas,�hall acoeed the unount requi�ed to p�y the acroa items whrn due,the excas shall be, �,..�-.:�
<br /> _.;� .� �t Bomo��ea's option.ather prompUy repaid W Borrower or crodited to Borrower on momhlY paYments oP�unds.If the j -''�•"°_
<br /> unount oTt�e Fuod9 held by Lender is not:ul�cient to pay the cscr-cnr items whrn due.Borrower shall paY to Lender�nY i ' ~
<br /> ' �aaouat neoas�ry to ou�Jke up tbe dedciency in one or more paymemis�s required by L.rnder. ' ,-
<br /> Upon p�ymm�am 4�ill of all tums secwal by this Security Ia�trument.Lender shall promptly rcfund to Borrower � , r„��,�
<br /> any Fund�ladd by Laidtr.lf under�nph 19 the Property is sokl or azqu�a�d by Lender.Lender shall spply.no ate� '
<br /> . tbsn iiutne�:�tdy prior to the sale�U'ame Property or its acquisitio�by Leader,sny Funds held by Lender at the time oi ,
<br /> iu
<br /> •ppliqiAion a��credit a�ainu►he sum9�xeurod by th�Security Mstrument. ' ::�.�,,. -
<br /> �. ,�►�1lntloa ot Paywenb. Ualess�pplicable I�a provi�es othetwise,all payments received by l.rnder u�der ', :r .
<br /> panjrapM 1 md 2�hall be appUed:8nt,to late clurga due under tD�e Note;second.to prepayment char�a due under the - •
<br /> Not�thiN.to unounq p�y�ble under paragraph 2;founh,to interest due:and IASt.to principal due.
<br /> 4, Q�r�i L1en. Borrower shdl Qty �II taua,assessmrnts,charga,flaa and impositions attri�vuble to the
<br /> property w3�ieh may a►uin priority,over thi� Sauriry Instrarne�nt, and leasehold psyments or ground ren�s, ii�ny. �
<br /> • Bon�owu�Ue�A pay thae obliQations in the m�naer provided in�ava�raph 2,or if not paid in that manner.Borrower shwll .
<br /> p�y them on time dlteelly w the perion owed paymrnt.Borrower shufl promptly furnish to Lender all notices of amounts
<br /> , i to be p�id under iD�is,par�,graph.lf Borrower maka thae payments directly.�rrowcr shall promptly fumish to Lender '�� ,
<br /> ; � , raxipts evlrDa�c3ng t�e�yments. � .
<br /> � BorroMer�hall promptly diuiurge any lien which lus priority over this Security Instrument unless Borrower�(an ,.
<br /> • I a�roa i�wri�aQ to the ptyment of tbe obligation aecured by the fi�en in a manner acceptable to l.ender.(b)contats in go.� � �
<br /> � faith the!1m by.or defenda�gairot enforcemrnt of tMe lien in,legal proceedings which in the(.ender's opinion operaac�t o .
<br /> prevent tlte aiforcemen►of the lim or forfeiturc of any part of the Propeny;or(c)secures from the holder of t�e lien an !, .
<br /> i asreemmt aaWfactory to Lender suDordinating the lim to this Security Instrument.lf Lender determines tfiat any pan of �
<br /> the Property b subject w a lien which may attain priority over this Security Instrument,Lender may gi�s�rrower a
<br /> � , notkx idmtifying the lien.Horrower�hall iatufy the liero or taicx one or more of the accions set forth above within 10 days
<br /> ` of tbe�iv�ng oinotice.
<br /> �� �, l !. 3�➢�wd Ia�urmee. Bocrower shell keep the improvtmtnts now eaisting or herealter erected on the Property
<br /> ' •� � � � inwrod�ainet loss by fire,h�zards included within the txrm"extended coverage"and any o►her hazards for which Lender
<br /> � '�� � ; raquira insurtnce.^Tfiis insurance shall be ma�ntained in the amounts and f�r tfie penods that Lender requires. The
<br /> t � inwrsnee carrier providin�t6e insurance shdl be chae�rn by Bonower subjec� to Lendxr's approval which shall nat be •
<br /> .'y . .. . �.'f.,,�. � � _. ,
<br /> ' wue�o,�►b�y�cnn�ia.
<br /> � ,,1_ „I Al] in�uranx policia�nd renewals sFull be acceptab�e ta Lmder and shall include n sandnrd mortgage clause. � .
<br /> �'., . • ''+' I Lrnder�hAU Iwre the right to hold the policia and renewals.If Lender requires,Bonower s?�all promptly give to Lcender
<br /> all rcaipq of ptid premiwru�nd reneaal notices.In the event of loss,Borrower shall give prompt notice to the insunnce
<br /> + carriu and La�der.Lender may make proof oiloss if not made promptly by Horrower.
<br /> Unleu l.ender snd Horcower otherwise agra in writing,insunnce proceeds shall be applied to ratoration or repair
<br /> ••; I of We Properly dsmaged,if the restoration or reprir is economically feasible and Lrnder's security is not lessened. If the
<br /> reatontlon or repait is not economically feasible or Lender's security would be lessened,t3�e insunnce procecds shsll be
<br /> ,,, • '�'" "' �pplia!to the�nnu secuzed by this Security Instrument,whether or not then due.with any excesa paid to Bonower. If
<br /> �'�''� ' 8orrower a�endaru•tht Pr•operty,or das not answer within 30 days a notice from Lender chat the insu7ance camer has
<br /> '��'+� ' � offered to�ettk�Slpim,then Lender may callect the inaurance proceeds.Lender may use the proceeds to repair or ratore
<br /> �y, .
<br /> ,, tfie Pro�eny or to pay sumi�ecured by this Security Instrument,whecher or not then due.The 34day periad will begin
<br /> ,? �, ' when i'he notia is given.
<br /> , . ll,nlr�t Lender and Borrowsr otherwise agra m wri�ing.a�y epplicauon of proceeds to pnacipal sha0]aot exiend or
<br /> ' � �' �otipotu fhedue date of the monthly payments referred 1n in�+aragraphs I and 2 or change�he amount of ahr paymen�s.lf
<br /> �; e�nder p�rsgnph 19 the PropeRy is acquired by II.en der.Borrower's nght to any insurance polic�a and procetds r�esulting
<br /> • , ��'�:�+ .,• ftom dama�e to the Property prior to the acquisi�tiom s�hal)pass to l.ender to�he ea�ent of the sums secured by th�s 3ocunty
<br /> ,{t;. ;',,;;.;I`� Instnoms�a�mmedi�tely prior to the atquisition.
<br /> • :�,, 6, i°raerntion�ad Mai��e�aace ot Properfy;I.e�e�Yd�, borrower shall no�x des�roy,damege or subsunti�IGy
<br /> . ,'�, t '��' ';'" chu�=t t�ue�ropeAg. yDraw the PP,r��eny to detenorate or comrt�ac a as�e. IQ this Secunty Instrument is on a leasehold,
<br /> .. ... °- --- -
<br /> - -d.0_ �_e. _-_�.�----'•:-n----�.�_�.�" '...�:PO..........�.......►�a fi�eiN��n�6w PrnMrfv th�I�asrhnlA and
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<br /> � fa titk�Aa]I not mer�tt unless I.ender agrea to aihe mierger m wnting.
<br /> 7. �rotectloe of Lender's Righb in t0►e Property; Mort�e Insurance. If Borrower fails to perform the •
<br /> � carewu�as�d agramrnts contained in this 5ecunty Instrument,or there�s a legal proceedmg that may sign�8cantly al�ect
<br /> Ltn�r's rcghts in the Property(such as a praeeeding in bankruptcy. probate, for condemnat�on or to e�force la�vs�x
<br /> � roQul�nons),then l,ender m�y do and pvy f�r wfu.acever is necessary to protect the value of the Propenq aooQ Lender's nahts
<br /> ' in the Property. Lenbder's actsons maq�nc[ade��ying any sums secured by a hen which has pnonry e��er thcs Secanty
<br /> , Imtrummt.�ppesnRg m r,oaee.payrng re�sor+sYsie attomeys'fees and entenng on the Propeny to rt�alce repa�es. AR�A
<br /> Lender rtuy uke ution under chis�eragcaph 7,Lender doa not have to do so
<br /> i Any�mounta disbuned by Q.ender under this paragr�ph 7 shall become additional debt of Borrower secured by rtus
<br /> Sacunty Inatrument.Unlas Borrowe�and Lender agree to other terms of F+ayment,these�mounts shall brar mterest fram
<br /> the d�te of disbursement at the Note rate and shall be payable, with interes�, upon nonce from Lender to Borrower
<br /> . raquatint p�yment.
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