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<br /> ;;���"a UNIPOnM CovENANT4 Bo�rower md Lender covene�t and agra as foliows:
<br /> ,., .> :, .: ., ^ 1. p��p��/pN�i�l�/I�ter�pro�y��M/i,�te LLr�e�. Borrower shall promptlY psY when due
<br /> „• �. the principal of�nd interat on Ihe debt evidenced by the Note and aoy prcpsyment�od Ine ch�rges due under the Note. ___
<br /> „.;,� , ? 3. Fw�s ta?uM M/I�uce. Subject to applicable law or to a wrnten wa�ver by I.ende�.Bonower shall pay j����•-
<br /> , . ,,, : . .` to I.rnder on the day monthly p�yments are due under the Note.until the Note is paid in full.�sum l"Funds')eqwl to --
<br /> •' � ...�i'.;,, one•twelRh of: l+�}yarly ts�a�nd os�eis�nents which may atwin prionty over this Stcurity Ina�rument: (b) Yarly �_:•_- _-_�_-_-_�-
<br /> IaiehoW paymrnl� or�round rents on the P�openy, if any; (c) yearly hwrd insur�oce premiums:and (d) yes�ly °�
<br />�, ' � " mon�e insuru�a premiums,iP any.These items are c�lled"escrow items."Lender m�y eitimne the Funds due on the �.
<br /> . b�sisofcurrentd�t�+�ndreawnabkatimatesoflLWreescmwitems. ;���r'� -
<br /> � ' Tbe Funds shall be held in an institution the deposits or accounts of which are insured or guarnntted by a kdetal or �___.;-'::"°-:°�''r�'
<br /> �tate��ency(including Lender if Lender is such an inqitution). l.ender stwll apply the Funds to pay the acrow i�ems. �:,�:,-:�__�___
<br /> Lender ouy not chage for hoWin�and�pplying the Funda,analyzing the account or verifgin�tf�e escrow items,unlas , �.'c_.����::
<br /> ' I.ende�psys Horrower interest on the Fnnda and�pplicable I�w permits I.ender to nwJce sucl��ci�uge. Horrower snd ��_,_ �'.:���,�w,+��_�
<br /> � � l�eade�wy a�a in wtiting th�t interat shall be pnid o+n the Funds. Unless an a�ra�neo� is a�de or aPP��cable law - -
<br /> ' r�quirea iateres�to be p�id,Lender shdl nol bc required la pa�y Borrower any interest or euniogs a�n the Funds.Lender ��� ��
<br /> . ah�ll pvQ to Hort+orer.without charye.an�nnual accountin�oi'the Funds slwwin�credits and debits to�he Funds�nd the � ''� �
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<br /> . purpae for whic6 ac6 debit to the Funds�ras ma�cie.l'he Fw�ds aa pkdLed as addi�io�l saunry Pw the sums securcd by ';,`:,.,.;.;:;':-
<br /> � t4isSecuriry l�trwnent. ,?:.. .'.}��'-,
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<br /> ' � If the�a�ount of the Funds held bX I�eader.to�ethrr writh the future monthly pwymeets oi Fuads paY�ble prior to ' °�`:�`�:;'`,
<br /> ' the due data ot the acrow items.:hall exc.co��he amoun� uired to y�he escrow i¢ec�s whrn dux,the escas sh�ll be. ;�;��.;,,. ...�_-.. -
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<br /> req Pa :'�J'r;�._�'�; �:r -�-
<br /> ... 't � u Hormwer's option.either promptly rcpwid to Bonower or crodited to Borrawer on mo�ahla•p�yarunts ot Funds.IP tAe ��•:r; �,..��a�.�,,.
<br /> amount oitbe Funds held by Lender is not su�cierN to psy the escrow items when due.Barrowe�s�Taa�l pwy to Lender any ':�•;`; `-,--- -
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<br /> amoum neoas�ry to mdce up the delkiency in one ar morc p�yments as require�by l.ende�. .,i~,��.��•�--=--�
<br /> ' Upon paymmt in full of'dl wms cecured by this Security It�strument.Le�der sQw�ll promptly refund to Horrower r;,;�}P,�j�;�(:�k�— -
<br /> - any Funds held by Lrnder.lf under psra�nph 19 the Propeny is sold or acquirod by Lemider,l.ender sh�ll spply,na later � .,,�'� ____
<br /> ��,�� � tlw�immediatdy prior lo the sale of the Property or its s►cquisition by Lender.any Fuc�is heid by Lmder st the time of ;;;•,.,�'" ' _;__--
<br /> ��. � application aa a credit against the sums cxured by tl�is Security Instrument. '. ��s °
<br /> ' 3. A�lie�tio�ot P�y�e+ib. U�less rpplicable law provides vaieerwise.�II psiyments receivid by Lender under -r' �
<br /> para�raphs t a►d 2 sh�ll be sppliod:Bnt,to late chuges due unde�the A�ti�tc:sccond,to rep�ymmt ch�r�es due under t6e � ��'
<br /> p � , .,x.•.;: -
<br /> ° NotG tbiM,to amounu payable under puagraph 2;fourth,to interest due;�nd last.ta�p��n cipal dua y.;� • �
<br /> ' 4. LLr�e�Lkws, Botrower shall psy all taxa,assessmmts.chuga,8nes a�ncl impositions altribuuble to the , ,: . • . �,:,.,�_
<br /> — - F r o p e r ty M hic i� m��r �i t+i i w �w.+zi t y.o v e r t h i s�c v r':t y f r�s a m e a t. s n d l e a s e h o l d �a ymenss or ground rents, if any. I �, ;. �
<br /> : � ' " Borro�a:ball pxx a9aese obli�auons in the manner provided io patagraPh 2,or if not paid in that rea►nner,Bonowe�ahall � ,'!i+;,,;: � l�+�;;R
<br /> ' p�y them on ume diroctly to the peraon owed paymmt.Borrower shall pmmptly furnish to Lender a19 naices of smounts � '�''i;��,r�'•�.'�,,s�,t,s•
<br /> � ��P ts direcol Borrower shall romipuly furnish to L.ender � '•''• ' � '' ���:;-.
<br /> . . ' . to be d under this h.If Borrower malca thae qymen Y• P � :;�r'�:���'•,.,-N+�ii►ti
<br /> reoeipts evidmcing the payments. ' � 'fr•.,�� .
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<br /> Bomower shall prumptly duch�rge any lien which�}a�;��riority over thic Secunt�lostrumen�unlas Bonr�+wer:(al , . . �>�'---
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<br /> a�ras in Mritin�to the payment of the obligation secur4d by the lirn in a manner acceptabYe to I.ender;(�b)contests in good ' :;;'ti.:��;:�:� • 1`�.-=-
<br /> faith the lien by.or defends against mforcement of the lien in.leg�l procadings which in the LRnder's opinion operate to , �'"'rt;��� �"•'';�;
<br /> prevent the enforcemmt of the lien or forf'eiture of wny z►srt of the Property:or(c)secura from�he holder of the lien an �, ..
<br /> ° . asreemrnt sstisfactory lo Lender subordinating the lien to this Securiry Instrument.lf Lender determina that any part of .,,,� '{"�,:'�'
<br /> � tbe Property is subjact to a lirn which may attain priotity over this Security Instrument,Lender may give Bortower a , , ; ::i�
<br /> „ notia idaitifying the lien.Borrower shall sausfy the lien or take one or more of the acu�ons set fort6 above within 10 days � , ,.,�;:`'. „ y °_--�
<br /> oithe�iving of notice. �, � '' ,�, :�
<br /> • S. Hmrd Inwraace. Bonower ahall keep the improvements�w eaisting or hercafter erceted on the Propeny � •
<br /> ,. ��� insured�gainst loss by fire,hazards included within the term"extended eoverage"and any other hwrds for which Lender
<br /> � ' roquircs insurance. This in:urance shall be maintained in�he amounts and for the periods thAt l.ender requira. The
<br /> � �('' insurance carrier providinQ the insunnce shall br chosen by Borroae�subject to Lender's�pproval which shall not be • � . �
<br /> ' . unre�onably withheld. •
<br /> i� ' . All irtsurance policies and rmewsls shall be acceptable to Lender und sh�ll include a s�andard mongage clause. ,,��:!'.
<br /> ; ��;�. , Lrnder shall havc t!he right to hold thc policies and renewals. If l.ender reqwres,Borrower shall promptly give to Lrnder • ��i�_:;
<br /> , � .,�� � all receipts oPp�xil premiums and renewal nottca.In the event of loss,Borrower shall grve prompt nouce to the insurance � *�'�:^�
<br />� ' • �� carrier and I.ender.Lender may ma{ce proof of loss if not made promptly by Borcower. ' ��,.;: ;'
<br /> Unless I.ender and Barrower atherwise agra in writing,insurance proceeds shall be applied to rcs�oration or repair � � ;
<br /> � �' .• • �� of the PropeAy damaged,if the restoration or repair is econornically feasible and Lender's�ecunty is not lessened.If the � ,�;,;;'
<br /> 'r���.. '.. ; ' � ratontion or r�,�a+r is not economically i�wible or Lender's security would be lessened,the insurance proceeds shall be �
<br /> •>,�4.� . ` ''•; applied to the sua�s secured by this Sec�s+nc .lnstrument,whether or ac�t 7hen due,with any eacess paid to Borrower. If .
<br /> � � � Borrower abandons the Propeny,or does tx�t answer within 30 days�n.�ice from Lender that the insurance camer has
<br /> oA'ued to settle a claim,thm Leader�a} coliect the msu�ance proceeds.Lender mar use the proceeds to rcpair or rcstore
<br /> the�ruperty or to pay sums stae�red ry 1h�s Secu�it� Icsr,,r�4;nrnt,whe�her or not then dua Tbe 34day penod waaJ beBin •
<br /> wlhrn the notia is givrn. ' . .. " , .
<br /> �'�.•.�;. Unless l.G�der ond Borrower othera�s•e a�z�ee i�wntmg,any a��^(,:.acuan of proceecls to pnncipal shell not eatend or
<br /> . { . poetpone the du�e date of the monthly payns<r,�s rrlerre,i to�n paragr�phs: aad 2 or ch3nRe�he amount of the pa)ments.If •
<br /> ' ; ;.. �,•.;; ane0er paragraph 19 the PropMy�s acquired by Lender.BoROwer's nghr a��un� �nsurance�;hcies and proceeds resuUing
<br /> �,-, •�'' B��arro a�mage to the Propert�r�;:��:�r to the acqwsiuon shall p�ss�o Lender to the extrae.��he sums secured by this Serunty
<br /> ., '•��'i� . ,
<br /> . I�sarument immediately pn�r L;.,te acqwsinon.
<br /> �' � � ' '� 6. Praen�tion wd l�fadntenance of Property:Le�seholds. Borrnwer�hall not des�rol,d�mage or substanually
<br /> • i '; change the Property,allow the Propertr t�T�rtenorbte c►r commit w•asta If th�s Secunn Ins�ruanent �s on a Ipsehold.
<br /> � ' pnrmur�r ahall cmm�lv with the nrov�sions t•t'�&e lease.and d&xrower acqu�re�fee�uEe to the Propeny.�he Inyehold and
<br /> � ta title shall not merge unt�ss L.e�eder agrea to the merger�n wntmg.
<br /> • 7. Protectioa of l.e+�/er's Rigbts i• We Pro�er�r� »o�ltaRe In�unsce. If Borrower fads �o pecfurm the
<br /> covenantt and agreements coneamed.n ehes Secunty ln��eument,or there w a legal prcxetdmg that may s�gnifwandy affect
<br /> , � Lender's rights m the Propeny (suc�,ag a proceedmg m bankruptc}�. �roba�e, far condemnatan or to enforce laws��r
<br /> regulationa),then Lender may do and�ay for whate��er is necessary to protect the�alue of the Property and I.ender's nghts
<br /> , in the Propeny. Lender's nct�ons msy�rt�clude pa�ing an}•sums secured by a I�en v�hech has pnonn oYer th�s Secunty
<br /> � � Instrument,appeanng in court,paying r�asonable a�tvrneys'fees and emenng on�Ae Propen}to rn�ke repa�n Althou�h
<br /> � , I.ender may take act�on under th��paragnph�.Lender does not ha��e to do tir
<br /> Any amounts disbursed by Lender under this paragnph 7 shall become addinonal dcbt.�t Burroaer secured by this
<br /> � Secunty Instrument.Unless Borrower and Lr�der agree lo other terms of pa}•ment,chesr amounr�rhall bar�nterat from
<br /> � the date of disbursemmt at the Note rate and shall be pa�able, w�th mterest, upc�n nunce from Lcnder ro Borrower
<br /> � roquating psyment.
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