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<br /> — �. ' � •��, UNIFORM COVF.NANTC Rarrower and Lender covenant and�Qree us Pollows: , ,,,��,9,
<br /> , ,:. .. �.. �.... •,' l. PayMeat ot P�i�cipwl�nd laterati PnpaYa�ent�d I.ate Chu�e�. Bo�rower shrlf pmmptly pay whrn due � . W:�,- -._ . =
<br /> thc principal ohnd interat on thc debt evldenced by thc Nate and any prep+iyment and late charges dur under�he Note.
<br /> 3. Fuads tor Tiuca wd iesuraac�. Subject to applicable law or to a writun waiver by Lender,Borrower shwll pay !.__
<br /> to 4ender on�he d�y monthly paymertts are due undee the Note, until the Note is paid in Pull,a sum("Funds")equal to _
<br /> '`� • ; , I; one•twellih ai: (�)yearly tazes and assessmenta v►hich mAy Attain pnority over this Security Ins�rument; (b) yearly i _
<br /> ' ! � leasehald ppyments or ground rents an the Property. if Any; (c) yeatly haz�rd insurance premiums; and (d) yea�ly
<br /> _�_�' ;; � . . � mort�ge insurence premiums,if eny.These items are called "escrow items."Lender may estimate�he Funds�ue un the ��`_�___ _
<br /> � � : '�,�••'��• b�sis of cunent dal�and rcasonrble estimates of future escrow items.
<br /> � ' � The Funds shall be held in an institution the deposits or accounts of w�hich are i�sured o�guar;►nteecl by a federal or � �:_�^� -�R-��';-��
<br /> • ° �tate Agency (includin�Lender if Lender is such an institution). Lender shall apply the Funds to ruy the escmw itemc, —'������=-_=;iy,�.:°�tL.,�. .
<br /> '- "''�`� � ' I.ender may not chrrge Por holding and applying the Funds. analyzing the account ar ve�iP��ing the escrow items,unless �� . �. •�. • �, .
<br /> Leoder p�ys 8orrower interest on the Funda and applicnble low permits Lender to make such u charge. &►rrawer und _ .. �'.�'"�=`.i:�:�•:. .
<br /> Lender may ag�ee in writing that interest shall be paid on the Funds. Uoless an agrament is made ar applicAble law ;�f�,};��_`�`,__
<br /> ' requires interest to be paid,l.ender shall not be required ta pay Borrawer Any interest or earnings on the Fu�ds.Lende� ��-?�r•���__-
<br /> .. shpll give�o Horrower,wuhout cha�ge,a�annua!accounting of the Funds s[towing credits and debits to ihe Funds And the '�"��:'���;�=��
<br /> � � � purpos�e for which each debit to the Funds wais rtr�de•The Funds ore pledged as additional security for ttx sums secured bX :::, ;.;::...-� �
<br /> thisSecurity Instrument. �
<br /> lf the amount oP the Funda heW by Lender.together with the fuwre monthly paymants oP Funds payable priQC to �..;:.f� •}:L�,,:•;.�a . .
<br /> :�i�: • the due dotes of the escrow items,shall eaceed the amount rec{uired to pay the escrow items when due,the excess shalA be. � '. _;
<br /> i;:�.- ,:.';?.
<br /> �, .. At Borroaer's aption,eUher promptly repaid to Borrower or credited to Borrower on monthly payments oi'Fu��ds.16 ehe �� _� ,
<br /> ;,�,ti�,��; �.1 amount of the Funds held by l.ender is aoe suff'ecient to pay the escrow items when due.Borrav►er sha�Y PaY to Lrnder any �; -..,��.,
<br /> -- a�;� t `• amount necessnry to make up the de8ciency io one or more payments as required by[.endec J�qF?._
<br /> f.;'�;���� Upon payment io full of all sums secured by this Security Instrument,Leoder shal!prampdy rePund to Borroaer . .,��
<br /> ' „,��i��`,,•: , '�'hr;i:�;.'"• � any Fun ds he l d by Len der.l�ua der paragrap h 1 9 t h e P ro p e r t y i s s o l d o r a c q u i r e d b y L e n d r r.L e n d e r s h a l l a p pl y,no later r , �.\; ,�r,. ._
<br /> �:.,�:`,;�;,;��'„ ' �+.tr��,. than immediately prior to the sale of the Property or its acquisition by l.ender,any�unds held by Lender at the time of � �'"-� . 1
<br /> :...�;�::• ,
<br /> . ;•�� �
<br /> application as a crcdit againat the sums secured t��this Security Instrument. ' ,� '' '.
<br /> •,.';��;, " 3. Applicat7oa ot Payment�. Unlese aQ�plicable law provides othecw i<:,nll payments received by Lender under r
<br /> ' paragraphs 1 and 2 shall be applied:8rst,to lat�c'harges due under the Notr;snc►nd,to prepayment charges due under the � _y�_,t_
<br /> �� Note:third,to amounts payable under paragraph 2;fourth,to interest duc;und last,to principal due. ; `•• -
<br /> 4. Ch�es;Lte�. Borrower shall�+ay all taaes,assessments,charges,Bnes nnd impositions attributable to the t ;,,�.e -
<br /> . • „ ,, Propeny which may nttain priarity,over thiis Secunty Instrument, und leasehold payments or Qround rents, it'any. ` y Y . _
<br /> , Borcower shall pay these obligations in the manner provided in paragraph 2,or iP not paid in that manner.8orrawer shall �
<br /> _. ' . _�_. ___ p$y�h.•m o�time direcdy to the persan owecl pAyment.Borrower shall promptly furnish t�Lender all notices oP amounts
<br /> ': � '' •�,,; to be;�aid under this paragraph. If B�irrownr makes these payments direcNy.Borrower shall promptly furnish�o Lender � nhrt:.
<br /> ., ' � E�:", .. rceei�+�tsevidencingthepaymeaiqs, t` r
<br /> ,,, �,,.,�' Borrower sha�7 pram�ily cdescharge any lien which has priority ovet this Secu�in 7nstrument unless Borra��•er.Val � �'
<br /> o � • " agrees in writing tr the pa��m�nt n�f the obligation secured by the lien in u rteanner acceptable to Lender;(b)contests in Roc�d
<br /> ' � � � '� faith the lien by,or u�fends A�;uuayt enforcement of the lien in,IegAI proceedan�s which in the Lender'�o!�inion operate to � �
<br /> . ,' .. prevent the enPorcement of the lien or forfeiture of any part of the Propert}•; or(c)secures from thr 1ao:�:7rr af the lien an
<br /> wgreement satisfaclory to Lender xubordinating the lien ro this Securi¢� (ns•irument. If Lender determines:that any pan of �
<br /> the PropeRy is subject to n lien which may attain priori�y rver this Sr�:urity Instrument, Lender may give Borrow•er n �
<br /> '� , notice identifying�he lien.Borrower shall sa�isfy the lien ar take une or more of the actions set fonh ubove within 10 days i •. . ,
<br /> of the giving of'notice. � • .
<br /> � S. Hazard Insurnnce. Horrower shall keep�he improvements now existing or hereuRer erected on the Propeny ?' •
<br /> insured against loss by fire,huzprds included within the term"extended coverage"end any other huzards for which Lender ; . ;
<br /> � '�":��,'�;� requires insurance. This insurance shall be muintained in the amaunts und for the ptri.xis thnt Lender requires. The � _
<br /> J •• ���� ��'����� insumnce carrier providing the insurance shall be chosen hc Bc�rrower subject ta Lender's approvnl which shnll not be �
<br /> �:, (�`: :•;�}�,
<br /> ',�?�,,�,.;'�;, , unrcasoneblywithheld. t,
<br /> " All insuratx:F policies and renewals shall be arceptable t��Lzn:ler i�nd v}�a�l includr o standard mortgage clause.
<br /> . ��.�:;� Ixnder shall ha�e Q�Me�igh�to hold the policies und renewnls.If L�nder rrqa�irn,Borrower shall pron��+tiy give to Lender
<br /> � � all rer7ipts of paid premiums and rrnewul notices.ln the event of l��ss, Horrnwer.hnll gice prompt notnr ro the insurance j
<br /> - ' carrier and Lender.Lender may make prcwPoPfa�.if not made pr.�mptl�by Rormwer.
<br /> - . Unless Lender and Borrower otherwise ugree in wn�i nF,i nsurence proceeds shall be applied to restoralion rr r��*air •
<br /> " � of the Propeny dumuged,if the restoration or repair is economicully feusible and Lender's security is not lessenrd.IJ the I �� .,i,
<br /> , • restoralion or repair is no�economicully feasible or Lender's security would be lessened.1he insurance p�oceeds shall be � �•t%
<br /> . . � ' ' . applied lo the xums secured by this Security Instrument,whether or not then dur, with any excess paid w Borrower. If �
<br /> . .,�p���;',.r.: : &►rrower nbandon�the Propercp.or dues not answer wilhin 30 days a notire from Lender that the insurance carrier ha�
<br /> ,'. �,,;�r,�;,,�; oflered loseule u claim,then Le�ciar may callect the in�urance pnxeeds.tender may u�c the prcxeeds�o repnir or resKnre
<br /> ' �'� the Property or to pay sums serar.d by this Security Instrument,w•heehrr�r not then due.The�0-day period w•i�!be�tin
<br /> '• �;.; when thenotirr���,���rae. •
<br /> ' . � Unless LNC::Ir�and Bormw•er otherwise•rgree in wnling,any a�pi�::�r,;;n��f pnxeedc to prineipal chall not etiR�nd or ,
<br /> � ' postpune the du�das¢of'the momhly payment.referrrd to i+r.�aragraphs!nnd 2 ar�hange the t�mount nf the puymKnTti.!f
<br /> � under paragraph IQ the Pm�+ern�s ucquired by Lender.B;vr;wer'c ngh�to any in�uranre policic�and pruceeds r�;s.iltinR
<br /> from damage to the Pm�xrl}pnur lo the acqwsition chalf�..�.tu Lender�a thr rxtem i�f 1he tiums secured by this 5rr unty
<br /> Instrummt�mmcdi�trlq pr�.�r�a the•rcyui�itiun. '
<br /> �.:�;. i 6. Preserration s+nd�laintenance ot Properf�:l.caseholds. porrc,w•er�hall nul d��stmy,dam•rge or substantiull}• ,
<br /> �'i!'�� .
<br /> ,;,,,� , i change We Proprn.�,altow Ihe Pr��perty to drtenoru�e��r cummit wa�tr lf thn Srcuntr Imtrument is on a leasehold.
<br /> �'r,1'•^ BorroNershal�rumph w�th the�rm�sions of the I�•a�,and if Borrou�er acyu�rc�fee utt�t��the Propenc,the leasahold and ,
<br /> `;``° , fee ut k shall no�merge�nl��cy Q rndrr agrrrs to�he merger m w�nt�ng. •
<br /> . � 7. P�otectioa o� LcrdePs Riphts in thc Property: �fort�WRe Insurance. df ��rtawar fa�lti �o perti�rm the
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<br /> ' � Lender's nghty m t�te Pmprny(surh a�a pr�kc�ed�ng m bankrupr��.pr��hate, trr tonJemnateon�.r tci enfi�rcr Irw�ar
<br /> regul�uons),then Lrndrr may do and p•ry fi�r W hate�er is nece+vc}r���mee�t thr�alue uf thr Pn�peny and Lendrr'�nght� -
<br /> in thr Property. Lender'v a�ru•e.m•ry� mrlude paymg anp wum�,ecured hy a lien Hhich har prtont}���er rhr+5eeuru}
<br /> lns�rumrnt,appeanng�n c��utt,pa��ng re�kmablr altti�ma��ti'f'���nd entering on�he Pro�xrt} tci mal.t rr�.��r� Alrh��ugh
<br /> ' Lenderm•rytakeact�nn und�rthi�paragraph 7.Lrnder��e-.not ha�e li�di�+��.
<br /> Any amount�Ji�hur�d by Lendrr under thi.paruRruph 7.hall he�ame aJJuwnal dcM nt'Ci��rrower.�cured b� Ihi�
<br /> � 5e�un1)Inslrument.l'nlewti @k+�r��wer�nJ Lrnde�agrcti t��uther tnrm.uP pa�mrnt,th��c amuwit��hall Fxar�n�err.t frum
<br /> the date��f dicbunrment ai �h� Nu�� r�te:+nJ .hall t+e�+ay�hlr. wuh imrr�,�. u{+�m uaurr frnm LenJcr to H�rrruwrr
<br /> � requesung p•ryment.
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