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<br /> � 91--- �,02431 ; .. :- ,}�::��:,.�
<br /> � , � : UNIPC�RM Cov�N�NT9. �arrower u+d Le�de�cove�ant sod aRra as i'ollows: � r when due . .� w
<br /> ' �'�.,.. .��. � 1. P�y�at ot Pri�clM�wl INteroc�PnP�Y�t�d l�tt CM�r�. Barrower ahwU rom t1Y MY . �,.. . ._ - �:,_
<br /> ' ` R �' � tbe principd of and interat on tho debt evida►ced by the Wate and any prepAyment and late chwrges due under thr Note. R - ._e_-__ _
<br /> " ., • ' '�r 3. P��tarTu�a�1l�wra�a. SubJect to�pp l i ca b le law or to a w r f t ten waivrr D�l.ender.Ranower shall psy __ ��
<br /> �.; .. •,
<br /> •� lo l.ender on the day manthiy p�yments�ro duc unde�thc Note,umil the Nae is paid in Pull,a aum("Funds")equpl to i Th��_
<br /> ' � one-�wslllh ��f: U) YearlY t�aa +�nd assasmente w 6 ic h moy w t ta in p r i a r i t y u v e r t h i s S e c u ri t y I n s�r u m e n t;(b 1 y e a r l y ��'��.r�•-f . ,
<br /> � ', • IwehoW p�yment�or ��ouruf rents an tha Prapeny. i P any; (c) ywr 1 y h a x a rd insuronce p�emiums; and(d) yearly �
<br /> mory�a�e insurance premiums,if any.Thesa items�re csllod"escrow�tems•"Lendet may estimate the Fuods due un the �
<br /> - brrisc�i'cuaentds►taandre�onableestimatesoffutureesemwitems. �==_`?-'°_ _.__ ____
<br /> The Funds shtll be held in an institutian the deposits or Accounts of which arc incured o�guwrAnteed by e federal or .,�, _
<br /> ttate��rney(ineluding Ixnder if Lender ic such ao instilution). Lender shall apply the Fund��o ppy the escruw items. `� . ,-,,,rTV�,
<br /> the Funds,�nRl zing�he accc�unt or�•erifying the escrow ilems,unless �~'"+��,1'a�.� '
<br />•-� i Ltnder may nat charge for haldin�and�pplying 9 _ :
<br /> I.ender p�ys Aorrower interest on the Funds�nd spplicable law pe�'mils I.eoder to muke.ruch A chwrge. Bnrrower and �; 1
<br /> ' I,ender m�y agree in w�itiog�hat interat ahdl be psid on the Funds. Unleu an ug�amenl is made or upplicable law „?, .�:±^FK�;,��"'�,
<br /> requires interest to be pxid.Lender shall not ba rcquirod�a p�y Bc�rrower any interost ar earnings an the Funds. Lender ;ti',„ � �'..•;:�:•,•=.�;�;�:`�;.'.:
<br /> ah�ll give�o Borrower.without charge,An annual accounting of the Funds showmg crcdita and debits ta the Funds and the , `°
<br /> ' • purpose for which ac6 debil to the Fuads was ma�d�e.The Funds are pledged As addi�ianal security for the sums securcd by � . ��,���;� �
<br /> • thic Secu�ity lostcumeat• ments af Funds Able nor�o �
<br /> ' 1`t6e a�rwwnt ofi Ihe Funds heWl EY l.ender�togekl�er w�'4h the future monthlY PaY PaY P� ,. =s.-v � „
<br /> � the due dates oi'the es�cro�items.shr+10 a►ceed the anaunt rcq�aieed to pay the eccrow items Wl�en due,the excess chaEO be. ..,,.r, :, -.
<br /> .. - • .-- �t Borrower's option.either promptlY r e p a�d to Borrower ar cred�ted to Borrowee on mont6ix P+yc��ruis o�Funds.lf the ' ---.
<br /> ,. amount of Ihe Fuada held by I.ender is not su�cient to pay Ihe escrow items r�en due.Borro�rer shaU pay a Ixnder anY ,,,.,,:.,.•..;<;:;�,°•�,:'''. ,...-_-
<br /> wnouat uec.essary to mate up the de&ciencY in one or m�xe paymenis ss requind by Lende�. r.;i;::�;�;';�-�`
<br /> • .t�.-:..,•,:.-- -_
<br /> Upo�paymcnt in i'ull of all sums seeurod by tids Security Inatrument,Lender shall promptly refund to Bormwer .,.,tr„ ::.•��:--;�,
<br /> �ny Funds heW by Lender.IP under parag�ph 19 the PropeMy is sold or acquired by Lender.Lender shall apply,no Ister ; • '!�'�--
<br /> Ihao immedia�ely prior to the sale of the Property or its accyuisition by I.endcr. any Funds heW by I.ender at the time oi' ,. ; ,.,X�tK��
<br /> i ,r ;�_.
<br /> . • � application as a credit agaiinst the sums sxured by this Security Insttument. ���Yments received by Ln�der under �''''�. =�-�
<br /> 3. ApPNa���Y�� Unle�s applicabk law provides otherwise. �..� �
<br /> , parngnphs 1 and 2 shall be applied:Brsb to late charges due under the Note;second,to prcpayment chuges due under the ;',�f�,�.,;;�•.s n r.`��
<br /> Not�third,to amounts payable under paragraph 2;Pourtb,to intercst duc,and last,ta principal due. ? • • ;�, �.:
<br /> :,: :�;�:;ii��:, '; i,..
<br /> , � :• � 4. C1�u�Ueas. Borrowec'shall pay all taxec,asxssments.charges.Rnes and impositions attriDutable�u the }•... � ..,. ,....�.,�_.�,
<br /> Propeny which m�y auain priority over this Security lnstrument, and leasehold payments or ground rents, if anti. „ `��`
<br /> ��if,� Ai,Y:.r�
<br /> Horrower shatl pay these obligations in the manner provided in paragrnph 2,or iPnot paid in that manner.BoROwer shall , y f
<br /> pay them on�ime directly to the person owed payment.Borrower shall promptly furnish to Lender all notiees of umounts ��. = �a_
<br /> ___-- !Q�����e�s�;g Z►nragnph.If Borrower maka these payme�ls di�ectly,B�xrower shall Fromptly furnish to I.ender . . ��
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<br /> • raxipts evidencing the payments. , `�
<br /> ' 8nrrower shall promptly diac���rge any lien ahich has priority over this Security Instrument unless Barrowcr:(a) � ' �'�`�•" ��-
<br /> • i •,.. : :�. .;._-
<br /> � �'�; agrees in writing to Ihe payment of th�r vbligation secured by the lien in a manner acceptable to Lender,(b)conles�s in goo� . •�..,�. •- -
<br /> Paith the lien by.or defends against enforcement of the lien in,legal praceedings which in the Lender's opinian operate tu I ,i,�;7,;,,;'� � +`
<br /> ,•.;,
<br /> ':, �,1: prevent the enforcement of the lien or forf'eiturc af any part of the Property;or(c)secures P�om the holdee c�i Mhe��a n o f � S�'
<br /> • �. egrcement sntisfactory�o Lender subordinating the lien to this Security Instrument I f L en der determines t p�A�any p �, ,
<br /> � ��'� the Property is subject t�a lien which may attain priori�y over this Sccurity tnstrument,I.ender may give Borrower u � ��:
<br /> ;^-�� � notice identifying the lien.Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days i
<br /> 'I�;'�, , of'thegivingoPnotice. � �
<br /> •.��' � ',: S. Harard lawrence• Borrower shall keep the improvements now exis�ing or hereaRer erected on the Property ;� �
<br /> . .1•.:. .
<br /> � ,: � insured against loss by Bre.hazarde included within the term"eatended coverage"und any other huzards far which Len er
<br /> '� �w raquires insurance.Ttiis insurance shall be maintained in �he amounts and for the periads that Lender requircs. The
<br /> . >;";:�'y :
<br /> , insurance carrier providing the i�su.ance shall be chosen by Borrower subject to Lender's approval which shall not
<br /> unreasonably withheld.
<br /> All insuranre policies and reaewals shall be accepts�ble to Lender and shall include a standard m.�r�gnge clause.
<br /> ' •;� �,, Lender shall6ave the right to hold the policies and renewals,lf lxnder requires,Borrower shall prompth give to Lender
<br /> ' '•'� aU receipts of paid premiums and renewal notices.In the event of loss,Borrower shall give prompt notice t�the insurance
<br />;�,,•,.��. f;+i•,�;, ��;�
<br /> • �'�•.•. ;' ' carricr�nd Lendec l.ender may make proof of loss iPnot made promptly by Borrower.
<br /> , �' �� U�nless Lendcr�nd Borrow�r rtherwise agree in writin�.�nsurance praceeds shall be applied to restorulion or reps,ir
<br />��'•',�.'`.' ,,�, � of tht�'P•operty damaged,if the resa��rution or repuir is econnmically feasible nnd Lender's secunry�s not lessened. If the
<br /> . •. �•, restaration or repair is not economirplly feasible or Lender's security would be lessened,the insurance praceeds shall be
<br /> �� '�;.,::. ;;;.�.
<br /> � � � applied to the sums secured by thia Security lnstrument,whether or not Ihen due,with any excess pnid to Borrower. If i
<br /> � �l,.r�:�i� .',
<br /> � Borrower abandons the Propen�.or does not answer within 30 days a notice from Lender that the insurance cnrrier as
<br /> offered cc�settle a clvim,then Lencler rnay collect the�nsurancr�roceeds.Lcnder may use the proreeds�o repair or restore
<br /> �•.'.'� ' the Properiy or to pay sums secured h}•this Secunty InstrumKnt,whether o�not thrn cl�:�.The;0-dny penod will t+rgin
<br /> • i ; ahen�he notice is given.
<br /> ,f ,a Unless Lender nnd Bormwer otherwise agren in writing,any upphcatwn oPprcxert2s m�nncipal shall not exlend r�
<br /> ,.. •••� postpone the due date of the monthly puyment�refened tn in puragraphs 1 anJ 2�r rhangr thc amnunt�f nhe paymen��.➢t'
<br /> under paragraph I9 the 1'roperty is ucquired by l.ender,Borrower'x right t��any insuran�e p.+Di:i�w ance p�s:��is re�ulc�n�
<br /> � • � from cZamrage to the Pruperty pnor e�T ehe acqai4ition shall pnss tn Lender to the rx�em ot the�am�s��ured by thiti Sctiar�ay
<br /> Instruoei��mt immediately prior co the a:a�isition
<br /> .��_ ' � 6. Preserration s�od�t�atenanr�otPiroperty:I.easeho➢ds. &�rrow•er.hall nnt d��troy,damage cx.ubslanna{Cy
<br /> I change the Propen�.altow•the P����rro qr�d�cenorate ur commit w•a.tt 11'e��s Sewunty Instrument ic on:� Irasehold,
<br /> Borrower shall compl}w��h�he�r,���sronx of th�P�ase.and if Borruwer:►cau:c�.:��ti�le a�the f'ra�rcy.the leatiehi�ld and
<br /> . fa t�lle�lhaCl not mcrge untec_�L�au�t�aFrees tu Ihe merger in a•nung.
<br /> � T. Protectlon of Leoder°s G�ig6ta in the Prnperty; �lon�WRe Insurance. If Borrower fail, tu prrfi�rm the
<br /> ;
<br /> j covenan�s and sgreenients mnt�sned in this Security Instrument,or�here�c a I�gal procecd�ng that ma}��igmfiranll� aflitit
<br /> . . _ . . ..""'�c__c_ �.....6�....•.... .....M�.. fn. .•.wt..mnomvs.��M vnfnr.•r I:�Y��uf ...
<br /> � 1 Lrnder's ngnts m[he rr�peny tsuen a,a p�.tiR.,.�.���. .,..�..,.,.�...,. �.._._---••-• -..------••----- -
<br /> regdl�t�ons),then Lcnder may do and pav fi�r whnte�•er is nece�sun'to prc�tctit the�a�ut uf the Pro�rt}and l.ender'�riRht.
<br /> in ti►e 1'ropeny. Lender'x actcexiy m�y include pay�ng•rny.ums utiured hy a Icen wh�ch ha.pn.�nry ,��cr thi.�tiun�y
<br /> Instrument,appennng m coun.pay�ng reux►nable an��rneys'fees anJ entenng on rhe i'rnpern ta rnake repair�. Al�huugh
<br /> L.mder may lake�cuon undec rhi.ppragraph�.Lendrr does nut ha�e to do��.
<br /> Any amounls disbursecl by Lender under th�s paragraph 7 shall Ix�ome addu�rn.tl deM ol I1rrr�+wer u�ured by Ih�+
<br /> Secunly Instrument.ltnlex�&xrower and Lender agree tu other terme i�f paymrnt.t hr�r am��unt+.hall t+e�r intrre�t fmm
<br /> the datt of disbursement at the Note�ate and �hall t+e payable, wnh interest, u�m n��ti�e fn�m l.rnder t.+ Fk�rmaer
<br /> nquestin�paymrnt
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