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<br /> 89_. 146521
<br /> UNIFORM CovEN�NTS. 8orrawcr and I.ender covenant and�gree as follows:
<br /> � 1. P�y�cnt of Pr�nci�al�i leterati PrsRsyn�ent�und Lte Cha�. Bc�rrower shatl pramptiy pay when dur
<br /> the princip�l of and interest on the debt evidcnced by the Nate And xny prcpayment and late charges due under the Note.
<br /> 2. Funds for Tua aad In�nrance. Subject to agplicable l�w or to a written weiver by l.ender,Aarrawer shall pay
<br /> to Lrnder on the day monthly payments sre due under the Note,until the Note is paid in lull,s sum("Funds")equsl to
<br /> ono-twelRh of: (a1•yearly taxes and assessments which may attaia priority over ihis S�cur�ty �t�strument; (b) yearly
<br /> leasehold payments or ground rents on the Property, if any; (c) yeuly hatard insnrance premiums; and (d) yearly
<br /> mortgage insurance premiums,if any.These items ue called"escrow items."Lender may estimate the Funds due on the
<br /> Dasis of current data and rasanable estimates of ititure escraw items.
<br /> ?he Funds shall be heid in an institution the deposits or accounts of which ue insured or guaranteed by a federal or �
<br /> seate ageacy(including Lender if I.ender is such an institution). Lender shall apply the Funds to p�y the escrow items.
<br /> Lender aasy not chsrge for holding and applying the Funds,analyzing the account or verif}ing the escrow items,unkss
<br /> Leadar pays Bon+ower interest on the Funds and applicable law permits Lender to make such a chuge.Borrowrr and
<br /> ' L�nder msy agree it�writing that inttrest shall be paid on the Funds. Unless an agreement is made or applicable lxw
<br /> roqwires interest to be paid,Lender shall not be raquired to pay Borrower any interest or earninas on the Funds. Lender
<br /> shall give to Bomower�witbout charge.an annusl accounting of the Funds showing credits and debits to the Funds and the
<br /> purpose for ahich each debit to the Funds was mAde.The Funds�re pledged as additional security for the sums secured by
<br /> t�s Security Instrnment.
<br /> If the amount of the Fuads held by Lender�to�ether with the future monthly psyments of Funds psy�ble prior to
<br /> the due dates of the acroM items,sh�ll excad the�mount required to psy the escrow itema when due�the ezcas�hall be�
<br /> at HotroMer's optlon.eithet promptly repaid to Bonower or credited to Bonower on monthly paymeats of Funds. If the
<br /> amount of the Funds held by l.ender is not suAicirnt to psy ehe escrow items when due.Borrower shall pay to Lcnder�ny
<br /> amouat necasary to make up the deflciency in one or more p�yments a�requirod by Lender.
<br /> Upon psyment in fLll of all suma secured by this Security Instrument,Lender shall promptty retund to Borrower
<br /> ; any Funds held by Lender.lf under pua�nph 19 the Ptoperty is sold or acquired by Lender.l.ender shall apply.no later
<br /> than itnmedutely prior to the sale of the Property or its acquisition by Lcnder. any Funds held by Lender st the time of
<br /> application as a credit sgainst the aums secured by this Secnrity Inatrument.
<br /> 3. A�Ikadw of Piyaeab. Unless applicable law provides otherwiae,all payments reccived by Lender under
<br />, paraaraphs 1 and 2 shall be applied:Srst,to late chuges due under the Note;second,to prepayment charga due under ehe
<br /> Not�third.to amounts payable under paragraph Z;fowth�to interest due;and last�to principal due. �
<br /> 4. Ctiar�e�Le�a. Borrower shtll psy aU taues.tssessments,chuges.tlnes and impositions attributable to the �
<br /> Propetty �vhich may attain priority,over this Secwity Instrument, and leasehold p�yments or ground r�nts, if any. ,
<br /> HorroMer sh�U wy these oblixations in the manner provided in paragraph 2,or if not paid in that manner,Borro�ver shall '
<br /> psy them on tima dirxtly W the person owed payment.8orrower shal!promptly furnish to Lender all nouces of amounts ! -:_-�
<br /> to be paid under this puagraph.�If Hoaower makes these payments directly,Bonower shall promptly furnish to Lender -' =a
<br /> receipts evidencing the psyments. �
<br /> Borrower shall promptly discharge any lien which has priority over this Secarity Instrument unless Borrower:(a) =
<br /> aarees in ariting to the payment of the obligauon socurod by the lien in s manner acceptable to Lender;(b)contests in goad �
<br /> faith the lien by,or defends sgainst eaforcement of tbe lien in,kg�l procesdinas a�ich in the Lender's opinion operite to � ,
<br /> prcvent the enforcement of the lien or farfeiture of any part of the Property;or(c)secures from the holder of the lien an
<br /> agreemrnt satisfactory to I.ender subordinating the lien to this Security Instrument.If Lendcr determines that any part of
<br /> the Property is subject to a lien which may attain priority over this Secarity Instrument, l.ender may give Borrower a -
<br /> notice identifying the lien.Borrower shall satisfy the lirn or take one or more of the acrions set forth above withia 10 days
<br /> of the giving of notice.
<br /> � S. Hsrard Iunnaee. Borrower shall kap the improvements now eaisting or heresfter ercetad on the Property �
<br /> inaured against loss by fire,hazards included within the term"extended coverage"and any othu hazards for which Lender �
<br /> roquires insurance. 'fhis inaurana shall6e maintained in the amounts and for the periads that Lender roquires. The �
<br /> insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shsll not be ' `
<br /> unrasonably withheld. "
<br /> All insurance policies and renewals shall be acceptable to I.ender and shall include a standard mortgage clause. ;:,.�"'�,=-
<br /> Lender shall have the right t��hold the policies and renewals. If Lc�der requires.Horrower shall promptly give to Lend�r ;�"��
<br /> • all raxipts of paid premiums and renewal notices.In the event of loss.Borrower shall give prompt notice to the insurance ,
<br /> . carrier and Lender.Lender may make proof of loss if aot made promptly by Borrower.
<br /> Unless Lender and Borrower otherwise agree in writing,insurance proceeds shall be applied to restontion or repair
<br /> of the Property dsmaged,if the restoration or repair is economically feasible and Lrnder's security is not lessened. If the
<br /> restontion or repair is not economically feasible or I.ender's security would be lessened�the insurar_ce procesds shall be
<br /> ipglied to the sums secured by this Security Instrument. whether os noi then dus.with any excess paid to Bonower. If
<br /> Horrow�er abandons the Property.or does not answer within 30 days a notice from Lender that the insurance carrier has
<br />, olFered w aettle a claim,then Lender may collect the insuranee proceeds. Lender may use the praceeds to repair or restore
<br /> the propetty or to pay sums secuted by this Security Instrument,whether or not then due. 7'he 30-day period wil!begin
<br /> � when the neace is given.
<br /> Unless Lertder and Sorrower otherwise agra in writing,any application of proceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments referred to in paragaphs 1 and 2 or change the amount of the payments.If
<br /> under psrxgnph 19 the Property is acyuired by I.ender,Horrower's right to any insurance policies and proceeds resulting
<br /> kom 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 the acquisition. _--_�---
<br />_ 6. Pr�senallo�and Mdntenan¢e o!Proper�;Lease6olds. Borrower shall not destroy,damage or substantially �
<br /> change the Property,allow the Property to deteriorate or commit waste. If this Security lnstrument is on a leasehold,
<br /> Borrower shall comply with the provisions of'the lease,snd if Borrower acquires fee title to the Property,the teaseholb and �
<br /> fa tit�le shall not�rierge unitss I.tnder agrees to the merger in writing. � ,
<br /> � ?. Protsction ot Lender'e Ri�hts in the Propesty; Mortasge intunnce. If Horrower faits so pe�rform the 3
<br /> covenants and sgreements cantained in this Security Instrument,or there is a legal proceeding that may significantly affect �
<br /> � Lender'a rights in the Property (such as a procading in bankruptcy, probate, for condemnation or to enforce laws or
<br /> regulations),then Lender may do end pay for whatever is nxessary to protect the value of the Property and I.ender's rights
<br /> in the Property. Lender's actions may include paying any sums secured by a lien which has priority over this 5ecurity
<br /> Instrument,appearing in court,paying reasonable attomeys'd'ets�nd entering on the Propetty to make repairs.Although ti
<br /> Lender may take action under this paragraph�,Lender does not havt to do so. �
<br /> Any amounts disbursed by I.ender under this paragraph 7 shall become additional debt of Horrower secured by this �,
<br />, 5ecurity Instrument.Unlrss Borrower and Lender agree to other terms of payment,these amounts shali bear mterest from �. .,
<br /> the date of disbursement at the Note rate and shali be payable. with interest, upern not�rc from Lender tn Horrower
<br /> requesting paymrnt
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