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<br /> �• UNIFO1tMCAVSNAwTS Barrower and Lmde�coven�nt snd a�ree�s follows: = �'
<br /> • 1, p�y�tat otPriuipal Nd t�ttray PnP�Yu�ent�nd 1�te CUa�et• 8orrower shall promptlY paY when due �t,;I;�;J,;���„�,
<br /> •, tha principt�l of and inureat on the debt evidenced by the Note and any prepsyment and late charges due under the Nate. •.�;�k:�w�:a�•;•;:��-�'
<br /> 1, Fu�for Tuca tad lasannce. SubJect to applic�ble Irw or�o a wntten ws�nrr hy Lsnder, Borrower shall pay '
<br /> � to Lenderanthedsy monthly psymentsaredueu�der the Note.until the Natnver�hdis�Secunt slnst umen�ts'Ib) yes'r�Y ���4���.�.+�a~�
<br /> � , ., one-twelflh oi: (�F Y�rly taxa r+nd assessmenic which may attain pn�nty Y •
<br /> , �' ' leasehold ps�y�nents or graund rcnt:an the Propeny, if any; (c) yearly hAZard insurance premium�: and (d1 yearly ,
<br /> • mortgaQe inwraace premiums,if any.Thesa items wre cAlled"escrow items."Lender moy estimaie the Funds due on the
<br /> � � buis otcurrent dua and reasonable eatimotesof tuture escrow items. .
<br /> • The Funds shall be held in an institotion the depositc or accounts of which are insured or gu�ranteed by a federal ar .
<br /> " �tate��ency(including Lender if Lender is such an institution). Lender shell apply the Funds to pay�he esc�ow items.
<br /> Lender tn�y not charse tor holdinQ and applying the Funds,�nalyzing the accoun�or verifying the escraw items, unless
<br /> � Lender p�ys Bonower interat on the Funds and s�pplicable law permits Lender�o mrke such a charge. Battower and i
<br /> � , • Lender m�y�gree in ariting that interat ahall be psud on the Funds. Unless an agrament is made or applicable law
<br /> • requi�es interest to be paid,Lender shall not be rcquired to�+�y Horrnwer any inte�est or eace�engs c�r.che Funds. l.ender � ,
<br /> �hdl giva to Borrower,without charge.an�►oaual accounting of the Funda showing credies and de0+es to tRe Punds and the
<br /> purpose for which each debit to ehe Funds wu mule.The Funds are pledged as add�Q�on�!secunq•for 4he xe�ms securcd by
<br /> thi�Secwity Instrument.
<br /> If theunount oPthe Funds held by Lender.together with the future monthly payments of Funds payable prior lo ,
<br /> � •'� '�•• , ,
<br /> i '•'�';���'•� the due dsta of the escrow items.shatl exceed the amount re�uired to pay the escrow iteeres when due,the excess shall be. .
<br /> . ;r,i,::;,,...;. .
<br /> � ' , l,r.. , � at Borra�rer's apion.either promptly repaid to Borrower or credited�o Bo�rower on m.�nthly payment�oi Funds.lf the �+
<br /> '� '' +'���,'%•, `�''�'� ' amount oP the Fuads held by Lender is not sufficient to pxy the escrow iteras when due.BE�ttower shall pay to I.ender any �;; ►
<br /> • ,.i ..!_;���,
<br /> ' ;,; , � amowu nccescary te�rna9ce up the deflciency in one a�more payments as required h}•Lend�s. , •
<br /> ���'�•�: .,'�.��'� '; •� Upon ppymem in full oP all sums sexured by this Se�:urity lnstrurnent.Lender sfiail prompdy refund to sorrower :
<br /> .• � ..,,, ..
<br /> � any Funds t�eld by Lender.lf under paragraph 19 the Propen}•is sold or acquired by Lendrr.Lender shall apply,no later
<br /> `�.-��''� thaa immed'utely prior to the sale of the Propeny or its acquisiuon by Lender,any Fund.field b� Lender at the ume ot'
<br /> ''�,��� application asa credit against the sums secured by this Security Instrument.
<br /> 3, Applicadon ot Mymead. Unlas applicable law provides otherwise.all payments received by Lender under
<br /> . . partgraphs 1 aad 2 shell be appliod:Brst,to ute charges due under the Notc;second,to prepayment charges due unde�the
<br /> ;„;�,:,,� Note;th9rd.to amounts payable under paragroph 2;founh,to interat due;and last,to pnncipnl due.
<br /> ,i 4. C�r�Ue��. Bortawer shall pay all taxes,a4ses.Rments,charges, fines an,�impositions attributable to the �
<br /> - . Property wAkit r+iay utain prioric5' over this Sxur'sty lnstrumtnr, and leasehold payments or ground rents, iP any. �
<br /> ' • � Borroaer shdl pay thesc obligations in the manner pravided in paragraph 2,nr if not paid in that monner. Horrowe�sP�ail
<br /> ;ti. . � pay them on time diractly to the person owed�*ayment.Bnrrower shall p�om�tly (umich to�a��der all natices af amou�ts
<br /> to be paid under this pnragraph. If Borrower rnakes these payments direc�ly,6ortower�hall prompt�.furnish to l.ender
<br /> receipts eridmcing the payments.
<br /> F3orrower shell promptly discharge any lien which has priority ovcr this Security]nstrumen�unless Borrawe�:(a)
<br /> � • ��, agtees in writing to the payment of the obligalion securod by the licn in a manner acceptablr to Lender;(b)rontests in R���d
<br /> fiith tbe liea by,or deknds against rnforc.ement of the lien in,legal praceedings which in the Lender's op�nion operate to
<br /> prevent the enforcement of the lien or forfei�ureof any part of the Propeny:or(c)sec.:res from the holder of�he lie��Jf
<br /> agroemmt s�tisfactory to Lender subordmating the lien to this Security Instrument.If Lendcr determines that Any p
<br /> ' the Property�s subject to a lien which may attein priority over this Secunty Instrument, Lender may gi�e Borraw•er a
<br /> . � ., � noti�x identiiy�ng the lien.Borrower sBall sauSfy the lien or take.�ne or more of'the actinns�et forth atx+ve wuhin 1�da>•�
<br /> ofthe givingof notice.
<br /> 'r� "' S. H�zard Iawraace. Horro�:+er shall keep the improvements now existing or hereaRer erected on the Property
<br /> � ' '`'; ��' insured pgainst loss by fire,hazards included w nhin the term"extended cc.veraKe"and any other hazard�fL�r wh�ch Lender •
<br /> , � "' �''� � requira iasurance. iThis insurance�hal1 be mamtainai in the amounts and I'or the penads that Lender requires. The �
<br /> . ' � .;;f,', i insnrance canier providing the insurance shall be chosen by Horrower subject to Lender's approval which shell not be
<br /> + unres�sonably withheld.
<br /> � All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br /> Lender shall have the right to hold the polic�es and rmewals.If I.ender requ�res, Borrower shall promptly give to I.ender
<br /> all receipts of pnid prcmiums and renewal not ices. ln the event of loss,Bc�rrower shall give prompt notice to the insurance . __.
<br /> ',,,:•� 1 carrietand Lender.Lender may make proofof loss if not made promptly by Borrower.
<br /> ' �,• ,'� I Ueless I.ender and Borrower otherwise agree in wnting,insurance proceeds shAll be applied to ratoration or rtpair
<br /> � of the Property damaged,if the restoration or repair is ecunomically feasible and Ltnder's security is not lessened.lf the
<br /> ' restora9ion or repair is not economically fea9ible or l.ender'a secunty would be lessened,the insurance proceeds shall be
<br /> applied to the sums secured by this Security Instrumenl.whtther or not then duc,with any excess paid to Borrower. If
<br /> Horrower abandons the Property,or does nor answrr within 30 days a notice from l.ender that the insuranee c�rner has
<br /> • . otfered to settle a claim,then Lender may collect tne insurance proceeds. Lender may usc the proceeds to repair or restore
<br /> the P�c�erty or to pay sums secured by this Secunty Instrument.whether or not�hen due.The 30�day period we➢l'begin
<br /> ' � whe�+i�e�rtotice is given.
<br /> U�ltu Lender and Borrower otherwise agcTt in wriUng.any appl�catton i�f proceecic 1�principal shall not extend or
<br /> � • � posa�.me ifie c0ue caace of the monthly paym<n��refrrre�to�n paragraph� I ar.a�rr rhange the amount of the pa�mtnts.lf
<br /> ' � undea pa:a8raph I�i�he Property ro acquired h}Lendtr,�OTlQ+Wft��flgh"'1:3m� in�urance pc�lic�es and r°ueede rxsullmg _
<br /> . from,a7a:rage to the Propeny pnor�: .",'ne acqm�siu,�o vhal:�+ass�-,I.ender to the exlent of Ihe sums secured by t�++s Secut+aq
<br /> �� Instrurtcent immediately pnor 4��r.t��r a:qws�u��n
<br /> . � I 6. Preser�ation and�tointensnce of Property;l.easeholds. Borrower shall not dectro�,damage or subsl�e+a�ai�y
<br /> ch�nge the Property,nDlow the Property to deur�orate or commu wasee If th�.Securuy Instrumeni is on a leasehold,
<br /> Borrower shall comply wuh the pro��sions of�hc►ease.aad d Barrnwer�o qwreti Qr ntk to the Propeny.the leaxhold and
<br /> � fee title shall not merge unless Lender agreest.�rrtc merger on w rsc�ng
<br /> � I 7. Protection ot I.ende►•s ttipbts i� t1e 1'roperet: �ton�aRe Insu�ance. If Horrower fads to ped�rm the
<br /> � covenynts and agreements corttained m thrsSr�uncy Imcrumenr.nr eAere�,a legal prcxeedmg�hat rteay scgnef�carte0y alkct
<br /> • • l.ender's nghts in the Propeny (suc6 as a��aeeding m b�nkrupr�y. �n�bate, fur condemnat��n or ro eatorce tacw�or
<br /> � � regulat�ons),thrn Lender may do and pay far.tihatever�s necessary to pr��rect the�alueoPthe Propen��and I.er�der's rtgAts
<br /> i in the Property. Lender's acuons may�nclude paying any sums srrured b� a I�en vvhi�h has prtortey over th�s Saunry
<br /> Instrument,appeanng in rourt,pay'ing reasonablr attorneys'fees and entenng on the Property Io muke repain Although
<br /> Lender may take action under this parograph 7.L ender does not hu�e to do+u
<br /> i Any arnountsd�sbursed by Lender uncier th�s paragraph��hall t+ecome adduwnal debt of Hurrower�ecured by th�s
<br /> � Secunty lnstrument Unless Borrnu•er and Lender agra ro other terms of payment,these amounts,hall heu�nterest from
<br /> * the d�te of dtsbursement :�t the Notr rate and�hall t+e payable, anh �ntere�t, uF►on noure from Lcnder tu Burrower
<br />_ ' requatm�p�yment.
<br /> . . _ -.—�
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