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<br /> UNIFORM CoVENANTS. Bottower�nd L.ender covc�nMt and agrec us followb; � When dua
<br /> � : ;rr.��-� . � 1. P�yse�t oi PriNCi/al wl laten�tt PnO�Y��t aed I.*ta Chartiet. &�rrnwer shpll prompdy P Y --- --—
<br /> �';;r.,';•�•?�,�� - th�princip�l of�nd intermt an the debt evidenced by 1he Nate and any prepnyment and lote charges due under Ihr Note. _.
<br /> ' � Z. Fwd�[or Tiuca aod Iawnu+c�• 5ubject lo applicable law ar to a written waiver by Lender,Borrowtr�hdl�y
<br /> ° ' �� � to i.endcr on the day monthfy psyme�ts are due undr,r�he Notc,un�il the Nute is paid in full,a sum("Fundt")equal to _
<br /> " � " onatweiflh of: (A) ywrly tozes and assecsments which may AttAin priority over this Secu�ity Inxtrumrnt; tb) yeArly �
<br /> , � � le�ehald psyments or Qros�nd a�ts an the Property,if any; (c) yearly hozard insurance premiums; and (d) yearly �:•'^,._�-___—.
<br /> , mortpao insun�nce prcmiums,if any.These item�are c�lled"escrow ftems."Lcnder may es�imeta�he Funds due on the
<br /> � - -�- --� br�is oPcurrent data and reusonable eshmatcw of future cscrow items. �.,_____ __ _ _ __
<br /> ' 'the Funda afiall be held in an institution tha dep�sits ar nccoan�s oP which are insured or guarunteed by a federal or _— - ==-�
<br /> sute p4ency(including Lender if l�ender is auch an inr�itutioo).I.cndcr shull apply the Funds to pay thc escrow itema. _
<br /> L en der m�y no t c ha r g e P o r h o l d i n g a n d a p p l y i n g t h e F u n da,anal yzin g the accouat ar verifying the escrow i�ems,unless {�_�F����,
<br />�", i.ender puys Aorrower interat on the Funds and applicable law permits I.ender to mpke such u chnrge.Borrawer an d �--==�� ~
<br /> • • I.ender may agrec in writing�hat interat shall be puid on the Funds. Unkss an agrament is made or upplicable law ��_��r��---
<br /> `" requires interest to be puid, Lender shall not 1x required to psy Borrower any interest or earnings on the Funds.Lender ,_.�_ __
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<br /> • � shall�iva to Borcower,without charge,an annual Accounting of the Funds showing crcdits and debits to the Funds aad the 4 -.;-,�:r:,•-�s�r�.-
<br /> . purpo6e Por which each debit to tAe Funds was m+de.7'he Fu�ds are pledged as addi�ional security i'or the sums secured by .�..;`� ---
<br /> t6isSacurity Instrument. 'x''
<br /> '� IP the amount of the Funds held by l.ender,together with the Putu�e monthly paymen�s of Funds payuble prior to ;: ._
<br /> ` the due dues oP the escrow items,shall eaceed the smount required to�y the escrow items when due,the eacess shall be• ... .r :�:..,;_
<br /> ;•'`i'' � .. �t B o r r ower s o ption,either promptly repaid to Bonawer or credited to Borrower on momhlY pa>-ments oi Funds.IP the ;. '.,. �..f:
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<br /> � ;..;,��;..•f; � �moun�ot'the�unds held hy Lender�s not suflicient to pay td�a escrov►items when due.Borrower shall pyy to l.en d x�any �f�._5.ry
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<br /> `:.,,.�,.:, ; amoua�t nec.�w��r ta ma7�e upt8�e de8ciency in ane or more g+nymnents as rcqui�ed by Lender. ;•,:.;,;:".: .
<br /> "� �' ° (]pon payment in full of all sums secu�ed by this Secu�it�Imsa�u�ment,I.ender ahall promptly at'und t�+�rrrower ; .
<br /> • aoy Punds held by Lender.Yf under paragrnph 19 t6e Propeny is cnld��r acquircd by l.ender,l.ender s?aa01 app�y.iio(ater , _
<br /> • than immaliately prior to the sate of the Prapeny or its acquisition by Lender,any Funds held by l.ender s�i the time of ____
<br /> , �' • ,. Application as r credit against the sums secured by this Security Instrument. ; �`,��'�_�
<br /> " 3. Applic,i:ion ot Psymenb. Unless applicnble law provides otherwise,all payments received by Len�er aader ; �1.i��
<br /> ...a,s...
<br /> - paragrephs 1 and 2 shall lx applied:8rst,to late chuges due under the Note;second,to prepayment cherges due under the � . .. ir�
<br /> �� • Nota,third,to amounts paya b le un der p a r a g r a p h 2;F a u r t h,to i�terest due;and last,to principal due. � ..s.+":.
<br /> ' 4, Ch�rQa;Uen�. Borrower shall pay all taaes.assesaments,charges,flnes and impasitions attributable to the � - �"° I
<br /> '; '� '.. property which may attain priority,avee Ihis 3ocunly Instrument, and leasehold payments or ground rcnts, if any. ��`.:�� y.
<br /> '�' �'"�' •�' Borrower shall pay these obligations in thc manner provided in paragruph 2,or if not paid in that manncr,Borrower shall � , '
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<br /> .,��.�, pay them on time dirccQy to the person owed puyment.B orrawer s ha l l pro m p t l y f u m i s h t o L e n d e r a l l n o t i c e s o P a m o unts � 'r�:
<br /> ,,, , _N=-"-'-�"-:---�=, to be pald under this paragmph.If B!�n�wer makes these peyments directly.Bormwar shell promptly fumish to Lender �;-,�:,;;_•;;.��,�,;.��__
<br /> ;���} � ; , receipts evidencing the payments. 4" � �'.:'°"'�'��
<br /> ' • Eorrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower:(u) , .���,
<br /> .;�;' �. � . .
<br /> � � .. • agrees in writing to the payment of the obligation secured by the lien in a manner Acceptable to Lender;(b)contesta in good , , ,�
<br /> � ur dePends a inst enforcement of the lien in,legal proceedings which in Ihe Lender's opinion operute to " . ':'+?�;,��';�,
<br /> faith the lien by. ` � �
<br /> !�'�:: �+ ' revent the enfbrcement of t ge lien or forPeiture of any pan of the Property;ar(c)secures from tiie holder of the lien en ,, �
<br /> . � ��; � ' •s; , ' :'.�����'' ogreement sadsfactory to Lender subordinating the lien to�his Security Instrument. If Lender determines Ihat aoy purt of ` .�,�� '
<br /> ver thi s Sec u ri t I n s t r u m e n t.L e n d c r ma y give Barrowcr u 1 � • ' I � �
<br /> " � "';'a ' ' ' t h e P r o p e r t y i s s u b j e c t t o A l i e n w h i c h m n y a t t a i n p ri o ri ry o Y , ��: �.
<br /> � '-`"`'�'�,� . � natice identifying the lien.Borrower shall satisfy the lien ar tnkc one ur mare�f the uctions set fonh above wit hin 1 0 days • :it 4��•�
<br /> � �� , ..�.�"``•� of the giving oP noticc. ' �
<br /> , ;� �. x n�►w existin or hercoRer crected on t he Propercy ,,�-�1
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<br /> �eo•.:, ,•• S. Hvard In�urnnce. Borrower shall keep�he improvement B ���==
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<br /> ;; .� insured against loss by Hre,huzards included within the term"eatended coverage"und nny ather hnzards for which Lender °:�w,._
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<br /> i �. requires insurance.This insurance shnll be muintained in the amounts and for the peric►ds that Lender requires.The r��;�'"°
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<br /> ,',._ ,,,,i��. ,, insurance carrie�providing the insurance shull be chosen by Borrawer subject to[.ender's upproval which shall not be ��f ,.
<br /> ; ,�,;;,,,.,f: • , unreasonablywithheld.
<br /> All insurnnce policies und renewels ahall be accep�able to Lender und shall include a standard mortgage clause.
<br /> � Lcnder shall have the right to hold the policies and renewAls.If Lender requires,Borrower shull promptly give to L.ender �
<br /> , �� all receipts of paid premiums und renewnl notices.ln Ihe event of Inss,&�rrower shell give prompt notict to the iosurance ,
<br /> � carrier and Lender.Lender may make praof oP loss if not mude prc�mpQy by Borrower. •�
<br /> Unless l.ender and Borrower othenvise vgree in writing,insurunce prc�ceeds zhall be�pplied to restoration or repair .�,.�,.,. .
<br /> � of the Properly damaged, if the restoration or repair is economicUlly feasible and Lender's security is not lessened. If the ;Yr,a�Ki:,�-
<br /> restoration ar repair is not economically Peasible or Lender's security would be lessened,the insurance proceeds shall be � •���.�:�
<br /> � applied to the sums secured by this Security Incuurnent,whether ur nat thcn due.with any excess ps�id ta Bottower. lf �
<br />. . �. � Borrower nbandans the Property,or dce�not answer wi�hin 3q d�ya a notice from Lender that the insurance cazrier hus `
<br /> offered ta senle a claim,then Lender ma� col:�cct thr ingurance pr�xacds.Lender may use the proceeds to repair or restore `
<br /> � � the Property or to pay sums�ecured bq thia S�tcurity ingtrument,whether or no�then due.Tfie a0-daJ r+eriod a101 beAin •
<br />. ' � when the notice is given. '
<br /> � Unlese Lender and&�rmwer��theruise agrer in�+riting,:�ny appliratiun af pr�xreds t��pnncipul xfinfl not extend or
<br /> � postpone the due dute of the manthly pa�•mtm�reierred to in paraRruph+1 ond:ar rhange the amount of thr payments.If
<br /> under par�graph I9 the Property�s acquared b}l.rndar.Horrower',r�ght to uny msurance polici�and proceeds�rsulting
<br /> fran d�magt tr the Properly pnor�o the a:;�uitinii�n,hull pass tc�I..endrr to the extent uf Ihe sums secured by th�s Secunt} ;
<br /> Instrument imme.lia:�:!}�nc�r to the acquisiuon • .
<br /> 6. PreservaYde�aadl�Ya+Atensmce nf i'roper�y;l.c�aseholds. I3urraa�cr.hull nat deslroy.damage o�s+�bstantinfly ,�.
<br /> r�+ange�he P�open�.atl4,x ;he F'r��rs}� to dettn•�•retc �•r a�mmu ��•astr. If thi.Security lnstroment is�IIC n leasehnld.
<br /> � 8ortoaer sha11 compl�a'uh tht prr��isicn�o!1ht leasr.und if Burrow•cr��ywrr+fce trtle ta the ProF+ert}�,ihe�tiasthold and
<br /> fa u�kshall n.�t mer�e unle��Lender ar�rees c;�he rnergec in u•nt�ng. • �'
<br /> 7. Protection ot Leader's Ript�r� an the E'roperty: �fortRaQe Insurance. If'[iarr.��v-er fads �r perform t3:r .
<br /> i.;• covenants und nRreement�crntamed m�h��Srrunt�In.�rument.ur thcre i,a Ie�ul pnxeedmg that rna}si�ndficantly aflect
<br />. —. . _a'___.. .�......in.�w luw�nr ...
<br /> : Lender's rights in the Pooprn� (such as a pn+:eruin� 7ft OS111KfUrII')'. pruoair,iari ia���u��u��....�:: :�. ..• �-••••-- •—
<br /> regulationsl.then LrnJrr may do and{u}tnr whatece�i+aeces�ary tu prutect the�alur��f the Prapert}•and Lendtr'�rights
<br /> in th�Property. l.ender'�•r�uimti ma} m.ludr pa}mg am� �um��ureJ by a Gen which ha.pnority u�rr this Securn�•
<br /> Instrumen�,uppeanng in c��urt.pay�rtg reau�rtabk attorne}�ti fees artd cmer�ng�m Ihe F'ro�eri}�to make repa�rc Although
<br /> Lender may tukr uction under this paragraph 7.Lereder d�xs not ha�e to da w.
<br /> An�um��unts disburcc�l by Lende�undar thrs piragr�ph 7�hall t�ecame addatu�n:�l Jebt oE Hi�rrower�ured b>•this
<br /> � 5eeunty Insirumrnt.Unlcwti Ncxrower and Lrnder agrte to other terms af pa}m.enr.�hc�arn�unts shali hea•�nterest frum
<br /> ' the date of d�sbur�emrnt u� the N��tr rate anJ �hull be pa>•ablc. �vuh mterr�t, up��n n��tc�d fr�m I ender t., Fi��rt��wer
<br /> rcquesung p•rymen�.
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