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<br /> UN�FORM COVEN�N'i'S. Borrawer�nd Lender co�tnartt enti agrcc as follows: . ��`�' �O�� " �
<br /> r 1. Pay�est af PrinetNt a�d lateept;preMyme�tt u� I,�tt Chu�es. gorrc,y"t�sh�li pramptiy pay when dut
<br /> O the principal of and interest on the dcbt cvidenced by the Note And any prepayment and letc chugcs due under the Nate.
<br /> 2. Fw�tor Tu�a a�d I�raeee. Sub�ject to appliaible law or to a written wai�cr by Lender.Barrawer shall pay
<br /> to Lender an Ihe day m�nthly payments arc due under the Note,until the 1�ote is p�id i�fUll,a sum('•Funds")equal to
<br /> one-tNe1Rh of: t�}yarly taxa and ass�ssments which may attain priority over �his Security Instrument; (t�) yearly
<br /> lasehold payments or =round rents on the Property. if any; (c) yeariy hazard insurance premiums; and (d) ye�rly
<br /> mort�sje insuance premiums,if any.Thae items ue called"escrow itrms."Lender msy estimate the Funds due on the
<br /> basis oteurrent d�ta snd raao�abk atimates of future acrow items.
<br /> 7'he Funds shall be held in an institution the depasits or accounts of which are insured or gu�ranteed by a federal or
<br /> atate a=ency(includin�Lender if Lender is s�h�n institution). Lender shall�pply the Funds to p�y the escrow items.
<br /> I.rnder may not charge for holdin�and applying the Funds,analyzing the account or verifjring the acrow items,unkss
<br /> Lenrkr p�ys Barrower interest on the Funds and applirable law permits l.ender to make such �charge. Horrower and
<br /> Lender may aaree in Nritiag that interat shall be paid on the Fnnds. Unless an agreement is made or applicsble I�w
<br /> requirp interest to be paid,I.ender shall not be required to pay Bonower u�y interest or a�rnings on the Funds.Lender
<br /> shall pve ta Horro�ver.without chuge,an su�nw�l accounting of the Funds showing credits and debits to the Funds ind the �
<br /> purpose for which ach debit to the Funds was made.The Funds are pledged as additional security for the sums secured by
<br /> _ - this Security lectrn*�.qt
<br /> : If the amount of the Funds held by Lender.togesher with the futun monthly psyments of Funds payable prior to
<br /> the due dates of the escrow Items.shall ea�ceed the amount required to pay the escrow items when due,the excas shall be,
<br /> u Borro�ver's option,eithu prompdy repaid to Bonower or credited to Borrower on monthly payments of Funds.If the
<br /> amaunt of the Funds held by I.ender is not su�'icient to pay the escrow items when due,Borrower shall pay to Lender any
<br /> amount�sary to make up the de5ciency in one or more payments as roquired by Lender.
<br /> Upon psyment in ttill of all sums secwed by this Security Instrument,Lender shall promptty tefund to Borrower
<br /> any Funds held by I.ender.If under puagraph 19 thc Property is sold or acquirod by I,ender, I.ender shall apply.no liter
<br /> than immedistely prior to the s�le of the Property or its acquisition by Lender,any Funds held by Lender at the time of
<br /> applleation as a credit against the sums secured by this Security Instrument.
<br /> 3. A�Itesdou of Paysenb. Unless applicable law provides otherwise,all ppyments received by Lender under
<br /> puaarapl�s 1 and 2 shall be spplie�:flrst,to late charges due under the Nate;second,to prepuyment charges due under the
<br /> Notr,thir+�,to amounts psyable under puagraph 2;fourth.to interrat due;aad lut,to principal due. .;
<br /> 4• Cl�ar�e�Lie�a. 8orrower shall pay�11 taaes,asxssmtnts,charges,fines and impositions attributable to the
<br /> , PropertY �vbich may attain priority,over this Security Instrument, snd leasehold psyments or ground rents. iP any. �
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<br /> � BortoNer shall pay these obligations in the manner providod in pura�ph 2,or if nnt naid ia th�t mann�r;A�,.�.r.r e�►„�n � --��
<br /> : psy iiKm an time directiy to tbe person owed payraent.Borrower sha11 promptly fumish to Lender all notices of amounts ��'�
<br /> to be paid ander this paragraph,If Borrower malces these payments directly,Barrower shall promptly furnish to Lender ; ,
<br /> naipts evidencing the payments,
<br /> BorroNer shall promptly discharge any lien which has priority over this Secarity Instrument unless Borrower:(a)
<br /> a�ras in�vritiag to the payreent of ths obingation s�urad hy the lian in a mar►ner acceptable to Lender;(b)contests in good
<br /> faith the lien by.or defends against enforcement of the lirn in,legal pruceedings wh;ch in the Lender's opinion operate to � `–
<br /> prevent the mforcement of the lien or forfeiture of any part of tbe Property;or(c)secura from the holder of the lien an �—
<br /> a 8 ro e m e n t s a t i s f i c t o ry to L e n der su b o r dinating t he lien to this Security Instrument.If Lender determines that any put of d�
<br /> the Property is subject to a lien which may attain priority over this Security Inslrument, L,ender may give Barrower a
<br /> notice identifying the lien.Borrower shall sittisfy the lien or take one or more of the actions set forth above within 10 days
<br /> : of the givi�g of aotice.
<br /> S. Has�r+d I�uraace. Borrower shall kap the improvements now eaisting or hereafter erected on the Property
<br /> insured against It�sc by fire,ha�rds included within the term•bxtended ooverage"aad any other ha�ards for which Lender � �
<br /> requira insurance. This inaurance sha11 be maintainod in the amounts and for the periods that Lender roquires. l'he
<br /> insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shull not be "
<br /> nareasonibly�vithheld. ,��
<br /> A11 insurance policiea and renewals shall be acceptable to i.ender and shall include a standard mortgage cltuise. �
<br /> Lender ihall have the right to hold the policies and reneaals.If Lender requires.Bonower shall promptly give to Lender ' �j
<br /> all receipts of paid prcmiums and renewal norices.In the event of 1oss,Borrower shall give prompt notice to the insurance � �
<br /> cyrrier and Lender.Lender may make proof of loss if not made pmmptly by Borrower. �
<br /> � Unless Lender snd Borrower otherwise agra in writing,insur�nce psaceeds shall be app}ied to restoration or repsir
<br /> of the Property damaged,if the restoration or repair is economically feasible and Lender's sxurity is not lessened. If the
<br /> ratontion or repair is not economically feasible or I.ender's security would be lessened.the insurance proceeds shall be
<br /> spplied to the sums secured by this Security tnstrument.a�ether or rroi then due.with any eaass paid to Bonower. If
<br /> Barrower abandons the Property,or does not answer within 30 days a notice from Lender that the insurance carrier has
<br /> oRerod to settle a claim,then Lender may collect the insurance proceeds.Lender may use the proceeds to repair or restore
<br /> the Property or to pay sums secured by this Security Instrumrnt,whether or not then due. The 30-day period wil!b;.gin
<br /> w�hen the notice is given.
<br /> Unless Lender and Borrower otherwise agra in ariting,any application of procads to principal shall not eatend or
<br /> postpone the due date of the monthly payments referaed to in paragraphs f aad 2 or change the amount of the payments.lf
<br /> under pusgrapb I9 the Property is acquiral by Lender.Borrower's right to any insurance policies and proceeds resulting
<br /> from dsmage to the Property prior ta the ac�quisition shall pass to Lender to the eatent of the sums secured by this Security
<br /> Instrumrnt immediatdy prior to the acquisition. . �-- -�- `
<br /> 6. Prbenallon and Mtintenance olProper�;I,easeholds. Bonower shall not destroy,damage or substantially
<br /> chanEe the Property, allow the Propeny to deteriorate or cammit waste. If this Security Instrument is on a leasehold,
<br /> Borrower sha11 comply with the provisions of the lease,and if Bonower acquires�ee title to the Propeny,the leasehold and '
<br /> fct title shall not aisrge unless I.ender agrees to th�e merger in writing. 1
<br /> 7• Protectioo o!Lend�er'� Ri�hb in the Property; Mort�ge Insunece. tf Borrower fails to perform the -
<br /> co�enants and agreements contained in this Security Instrament,or there is a lega!proceeding that may significantly affect �
<br /> � Lrndet's ri�ht> >n the Propefty (euch�s a proceeding in bankruptcy, probate, for condemnation or to enforce laws or �it
<br /> ro=ulstions).then Lrnder may do and pay for whatever is necessary to pr�tcct the value of the Propeny and LenAer's nghts
<br /> � in the Property. Lender's actions may include paying any sums secured by a lien which has prionty over this Security h
<br /> instwment,appeanng m court,pay�ng reasonable attorneys'fees and enterir�g on the Pro}xrty t�makc rcpairs.Althaugh ��
<br />--= Lrndtr msy take acUnn undcr th�s paragraph 7,L,ender doa not have to do so �
<br /> __ Any amounts d�sbursed by Lender undrr th�s paragraph 7 shal)become additianal debt of Borrower cecured by th�s f �
<br />_-N; Secur�ty Instrumenl Unless 8orrower and Lender agre�e tn other terms of payment,these amo��nts shall hear m�ercw:from
<br />__.r the date of d��bursement at the Note ratr and ahall be payable, with �nterect, upc+n notice frr+m l.cndci r�, H��rrc�wer
<br />���. request�n6 payment
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