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<br /> UN1EO1tM COVENANTS. BprfOwet ind I.tifdet COYttliltlt It11Q agree ns fallaws:
<br /> i 1. P�seN ot PM�clpal aw I�te�ts Prep�y�e�1 ��d I.�te C��. Honower shaU promptly pay when due the
<br /> � principal af and iaterat an thc debt Evidenced by the Note �nd sny propayment and I�te cAufe� due under tl�e Note.
<br /> � 2. F��di to�Taa��d Iwn�ce. Subjece to appllable lsw or to a written waiver by Lender, Borrower ahsU p�y ta
<br /> � L�nder on the d�y manthly paymenta ue due under the Note. untll the Note is pdd in ful1�� sum ("Fuada")eqw�l to one•
<br /> tvre�fth of: (a) ye�rly tiuca and assessments whlch m�y attain Rriority over thls Secu�ity insttument; �b) yquly lasrho{d
<br /> � payme�ta or �sound rena on the Property� if any; (c)yeuly hazud insurance premiums; snd (d) yarly mort�e insurance
<br /> � premium�, lf any, These items are caUed "escrow item�." Lender may esttmate the Funds due on the b�ui�of cwrmt data •
<br /> xnd reuonable atimates of futare escrow items.
<br /> � The Funda sh� be held in an institutlon the deposlts or accouats of which ue inswed o� Quara�nteed by a federv or
<br /> I atate ajency(includIn� Lender lf Lander la such �n institutlon). Lender shall apply the Funds ta pay the escrow item�. Lendu
<br /> may not ch�r�e for holding and applying the Funds, anxlyzing the account or verifyin�the escrow item�, unless Lender pays
<br /> Horrower interest on the fl�nds and applicable law permlts Lender to m�lce such a char�e. Borrower and Lender msy a�ree in `
<br /> t writing thAt interest shaU be paid on the Funds. Unless un agreement is made or appllcable law requlre�interest to be paid.
<br /> ! Lender shall not be required to pay Borrower any interat or earnings on the Funds. Lender shall�ive to Borrower� wiihout
<br /> � charge, an annual account9ng of the Funds showing credlts and debits to the Funds and the purpase Por which each deblt to
<br /> � the Funds was made. The Funds are piedged as additional security far the sums secured by thia Security ]nstrnment.
<br /> If the amount of the Funds held by Lender, together with the future monthly payments of Funds payable pr�or to the
<br /> � due dates of the escrow items. shall exceed the amount required to pay the escrow items when due, the excess shxll be, at
<br /> Horrower's option, either promptly repaid to Borrower or credlted on monthly payments of Funds. If the amount of the
<br /> Funds held by Lender is not sufficient to pay the acrow items whcn due. Borrower shaU pay to Lender any amount
<br /> necessary to make up the de�ciency In one or more payments as required bv Lender.
<br /> ; , Upon paymeni in full of all sums secured by this Secwity Instrument. Lender shall prompt{y refund to Borrower any
<br /> Funds held by Lender. If ur.der paragraph 19 the Property is sold or acqu'ued by Lender. Lender shaU appty� no later than
<br /> immediately pr�or ta the sale of the Property or its acqulsition by Lender, any Funds held by Lender ai the time of
<br /> � appllcation as a credit against the sums secured by this Security Instrument.
<br /> 3. Appticatlos ot Payse�i�. Unless applirable law provides otherwise, aU paymonts received by Lender under
<br /> , paragraphs 1 and 2 shall be appGed: frst, to late charges due under the Note; second, to prepayment charga due under the
<br /> ' Note; third, to amounts payable under pazagraph 2; fourth. to interest due; and last. to principal due.
<br /> 1. Chtr�es; Lku�. }lorrower shall pay all taxes. assessments, charges. fines and impositions attributable to the
<br /> Property which may attain priority over this Security Instrument, and leasehold payments or ground rents. if any. Bonower
<br /> Shall DaY th�5e ObliRatiOns in tht maIIner provided in paraaranh �:�r if�nt nt�i�1 �4 lh82_++*� s.*.Ber_aWu���!� ;,r;its:.�s�r.
<br /> � time directly to tht person ow�d paym�nt. Bonower shali promptly fumish to Lender all notices of amounts to be paid under ' �
<br /> this paragraph. lf Borrower makes these payments directly. Borrower shall promptly fumish to Lender receipts evidencing the
<br /> payments.
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<br /> Borrower shall promptly disct,urge any lien which has priority over this Security Instrument unless Borrower: (a)agrees `
<br /> in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b)contests in good faitf� '
<br /> the lien by, or defends agalnst enforcement of the lien in. legal proceedings which in the Lender's opinion operate to prevent '-��y
<br /> the enforcement of the lien of forfeiture of any part of the Property: or (c) secures from the holder of the lien an agrament �� �
<br /> satisfactory to Lender subordinating the licn to this Security Instrument. If Lender determines that any part of the Property is �
<br /> subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a notice idtntifying the ��
<br /> ' lien. Bonower shall satisfy the lien or take one or more of tAe actions set forth above within 10 days of the giving of notice. '
<br /> � 3. Hasnrd Iuuruce. Borrewer shall keep the improvements now existing or hereafter erected on the Property insured ;
<br /> ' a�aiast loss by fire. hazards included within the term "extended coverage" and any other hazards for whlch Lender requ'ues i :•
<br /> , iasurance. This insurance shap be maintained in the amounts and for the perIods that Lender requires. The insurance carrier � �s•
<br />. � providing the insurance shall be chosen by Horrawer subject to Lender's approval which shall not be unreasonably withheld. `•''*
<br /> I All insurance policies and renowals shaU be accept�bte to Lender and shal! include a standard mortgage ctause. Lender :�-
<br /> ; shall have the right to hold the policies and renewals. If Lender requires, Bonower shaU promptly give to Lender all receipts
<br /> � of paid premiums and ren:wal notices. ln the event of Ioss, Bonower shall give prompt notice to the insurance carrier and
<br /> Lender. Lender may make proof of loss if not made promptly by Bonower.
<br /> Untess Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair of
<br /> the Property damaged, if the restoration or repair is economically feasible and Lender's security is not lessened. If the
<br /> . restoration or repair is not economically feasible or Lender's security would be lessened. the insurance proceeds shall be
<br /> applied to the sum secured by this Security lnstrument, whether or not then due, with any excess paid to Bonower. If
<br /> � Borrower abandons the Property. or does not answer within 30 days a notice from Lender that the insurance carrier has
<br /> ! offered to settle a claim, thct� Lender may coHeet the insurance procads. Lender may use the proceeds to repair or restore
<br /> � the Property or to pay sums secured by this Security lnstroment, whether or not then due. The 30-day period will begin whon
<br /> � the notice is given.
<br /> Unless Lender and Borrower otherwise agree in writing, any application of prnceeds to principal shall not extend or
<br /> � postpone the due date of the monthiy payments referred to in paragraphs 1 and 2 or change the amount of the payments. If
<br /> under paragraph 19 the Property is acquired by Lender, Borrower's right to any insurance policies and proceeds raulting
<br /> , from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Security
<br /> lnstrument immediately prior to the acquisition. ,
<br /> , 6. Preservalloe ted M�Intenaece of Property; Leuehold�. Borrower shall not destroy, damage or substantially change =- _---
<br />, the Propeny. allow th� Property to deteriorate or commit waste. If this Security lnstrument is on a leasehold. Bonower shall '
<br />• � comply with the provisions of the lease, and if Borrower acquires fte title to the Property, the leasehold and fee title shall not
<br /> ' merge unless Lender agrea to the merger in writing.
<br /> i 7. Protection of Leeder'� R1�6t�In the Property; Mortgage Io�unnce. lf Borrower fails to ptrform the covenants and ;
<br /> � agreements contained in this Security lnstrument, or there is a legal proceeding that may significantly affect i,ender's rights in
<br /> � the Propeny (such as a proceeding in bankruptcy. probate, for condemnation or to enforce Iaws or regulations). then Lender �
<br /> may do and pay for whatever is necessary to protect the value of the Property and Lender's rights in the Property. Lender's
<br /> L actions may include paying any sums secured by a lien which has priority over this Secutity Instrument, appearing in court, � � '
<br /> paying reasonable attorney's fees and entering on the Property to make repairs. Although i,ender may take action under this �'
<br /> paragraph 7 Lender dats not have to do so. Any amounts disbursed by Lender under this �`
<br /> paragraph 7 sh�ll become
<br /> additional debt of $nrrower secured by this Security Inctrument. Unless 8orrower and Lender agree to other terms of ��
<br /> payment, these aniounts sha8 bear interest from the date of disbursement at the Notc rate and shall he payable, with interest, . s
<br /> upon notice from Lender to Borrower requcsting peyment. .. �.
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