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<br /> UNIFORM COVENANTS Borrower ind Lrndercaven�nt and�gra�s fallowt:
<br /> . 1. P�ywe�t ot Prlaeipd�d I�t�Prep��we�t Nd I.�te G1��a. Borcower sh�ll pramptlY�Y when due —.
<br /> � . the principa�af and interat an the debt evldenced by the Note and any prep�ymeot and IAte ch��ges due under the Note �..:.• �
<br /> � . Z. F��tor Taaa a�lnura�ce. Subject to�pplicaible Ipw or�o a wnttcn waiver by Lender.Bartawer shall p�y
<br /> ! ' '� ta Lender on the d�y monthly paymente are due under the Note,un�il the Note is p�id�n full,a sum f"Funds")equpl�o �'.'''-"`�f��
<br /> �• • � � one-twellih of: (a}ya�ly tsua and a:sessmenli which m�y att�in prionty ove��his Secun�y lnct�umenr, �b1 yearly �,„..:�_�����..,��:'-
<br /> ' .�,-, . �s-�_,
<br /> ' lasehold psyments or ground renta on the Propeny, if any; (c) yearly hau��d insurance premiums; �nd (d1 yearly ,�,.,��,��,�.�„�.:
<br /> . � � � .. mortQage incurance prcmiums,if any. These items are c�lled"escrow i�ems."Leoder m�y aiim�te�he Fuod�due on�he •�^�'���''''�'=�'�
<br /> • � b�si:oPaurrentd�ta�ndrason�bleestim�taoffuturaescrowitems. �T
<br /> , . .�,..rx.w•�,
<br /> r � ', .�,'`T 7'he Funds s6dl be held in an institution tix deposits or accaunts of which are insured or guw�anteed by a federal ar I�,...�"----'--
<br /> � � s�ate�geecy(including Lender if Lender ia such un inttitu�io�n1. I.encier shal!apply the Funds�o pwy thn escrow itams. <�'� ���%'•
<br /> ge T :, �.,.,....��- `.,_
<br /> �.• l.ender m�y not charQe ior holdina and Rpplyi�tk�e Funds.analpz�og the accoum ar verifying the escrow itemc,unlas • '
<br /> Lender pays Borrower ioterat on the Fut�ds and wpplicabk law perm�ts Lender�o make such a charge. Borrower and , .,,_: �,,.,� .„
<br /> Lender may agroe ia wniung that intetest :h�ll be paid on the Funds. ilnless an�g�ament is made or applic�ble I�w �,;•,.•���_--__- -= _
<br /> . ,R;•ry,.�•.�,�,.�._-�
<br /> r e q u i r e s m t e ra t t o b e p i u d.L e n d e r s h a l l n o t b e r t q u i K d t o p s y B o r r o w e r a n y�n t e rc s t or eamin gs on the Fuoda.Lender :,..•. . -F�-
<br /> ;,, •..a.-:„�e•.
<br /> ,. �hdl pv�to Bomaxsr.without charge,an annual ucounting of the Funds shewing credits and debits to the Funds and the ; � ,�,�.
<br /> ; , purpose for which each debit to the Funds wu made.The Fu�s ue pledRed as addUar�l a��;uruy fw the:ums ucured by : _�-w-.�:^•=-
<br /> this Sacurity Instrummt. � �'�".
<br /> if the imauot af tde Funds held by[.mder,xogether with the fulu�e monthly paymxnts of Funds paiy�ble prior to i •• • -���'
<br /> , �� tlx due data of the escrow itans.shdl excad the aaraoant required to pay the escrow items when due,the excess shall be. ; �•
<br /> �•�'� � at Horrov�er's aption,either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds.lf the ' ;'��:
<br /> • '`'"�}>?��y ' �mount of�D�e Funds hetd by Lender is not sufficient to pay the eycrow items when due,&�rrnwsr shall pay to l.ender any "
<br /> ' amount necess�ry to�ke up the de8ciency in one or more pa>mcnts as requ�red by Lender. ' �a'�`�.�
<br /> � +' �, Upon pa}�t��n Pull of all wms secured by this Security lnstrument,l.ender shall promptly refund to Borruwer =�•' �`+.
<br /> �ny Funds he4t1 by l.ender.If under pangnph 19 the Preperty is sold or acWwared by Lender,L.ender shall apply,no later , .��'
<br /> than immedddAtely pn�r ►o the sale oP the Property or its acquiaanimn by Lender,any Funds held by I.ender at the time of � , :;;;ti�_
<br /> applicatiora as a csedit A,gainst the sums xcurod by this Security Ymsttument.
<br /> �� 3. App7icatiw�otPaywenb. Unlas applicable laa ptTvides otherwise,all payments received by lender under � . ..�
<br /> puagraphs l and 2 sF+uJJ be applied:�rst,to I�te charges due un der the Note;second,to prepaymmt charga due under the � • , �'
<br /> , � Not�third,to amounas�ysble under puagraph 2;foar�fi,to intereat due;and last,to pdncipal due. ;
<br /> 4. Cb�r�I.ie�s. Horrower shall pay o�U �aars,wsesamrnts,charga.Rnes and impositions aRr,ribu[abk tw the :���y: � _'
<br /> _ _- �_�,,.- property whi�h may aawin priority,over this Secunty Inatrwmen�. and leaaehold payments or ground rems, ii�y. ----; -
<br /> � '``'`%r>�'�� �' Bonower sQu►�1 psy tfiese obligaMf ans i n the manner pravided ir�pACagraph 2,or if not paid�n s�hat manner,Borrower shdl � .
<br /> .�,..,:_. . Qu
<br /> . ,.,?,•.' � .<<;.,.,�::• � pay them o��ime datec30y to the persan owed payment.BorroweJ shall promptly fumisb to Lender all notica of Amounts , �
<br /> ?� ' � •r'��'��r to be pdd undrr this�+c►ragraph.IP Borrower malces these payments direcNy,Borrower shall promptly Purnish to[.ender �
<br /> ;.� �});i" . .•.,��:,i,,•.�` +c �ti. �,x�,,,�
<br /> . • �eceipts evfdenaing the payments. • .:"�
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<br /> .:. ��;���� �� Borrower ahdl promptly diacharge any lirn which ha�priority over this Security Instrumem unless Borrower:(a)
<br /> '� � +��;; agrea in writing to the p�yment of the oblig�tion secured by the lien in a manner accxptable lo l.ender.(b)conta[s in good i ,
<br /> + � .��.,.','.; fdth the lim by,or detends ogainst rnforcemrnt of the lien in, legs�l praceedings which in the I.ender's opinion operate to � � ��
<br /> ' �,�ti ,;.,� �,., '� prcvent the enforcement of the lien or forfeiture of any part of'the Propeny:or(c)secures from the holder of the lien an „ ,.�
<br /> • ) •„•�;.�.,� • ,;��. agrament sausfactory to Lender subordinating the lien to thi:Security Instrument.lf Lender determina that any pan of l;• '
<br /> � ,�':;j.��tu:,• ':�.;.,� tAe Property is subject to a lien w hic h may attain priority over t his S e curity lostrumen t,L en der mey gire Borrower a . �_
<br /> ''�'t���•,,�•�; notice idrntifjring the lien.Borrower sh�ll satisfy the lien or take one or more of the actions set forth above within 10 days _
<br /> r � '<;:'�:' •� ofthegivingofnotia. ` '"'
<br /> � • � ''`%�,;�;; �. �I�zard lnsunace. Borr.�wer shall keep the improvements now ea�stmg or hereafter erected on the Property } '�+' �� '
<br /> . � �;�
<br /> . insurcd against loss by f�re.harzrds included within the term"eatended coverage"and any other hazards for which I.ender :
<br /> . 'r!:� requires insurance. T�his insurance shall be maintained in the amounts and for the periads that Lender reqwres. The ,
<br /> ,� �r�! insunnce carrier providing tFrc insurance shall be chosen by Borrowe�subje:Q to Lender's approval which shall not be .
<br /> unre�son�bly wit6held.
<br /> . . AlI insurance policia and renewals shall be uceptable to Lender and shall include a sundard mongage clause. �
<br /> � Lender�ha11 have the right to hold the policies and renewals.I6Il.pnder requ�res. Barrower shall promptly give to Lender
<br /> �� all rtceipts of paid premiums and renewal notices.In�he event of loss.8orrower shell give prompt not�ce to the insuranee
<br /> carritr snd Lender.Lender may make proof of Ic��aB not made promptly by Borrower. ; . .
<br /> Unless Leader and Borrower otherwise agrre in wnnng.insurance proceeds shall be applied to rc�e•ontion or repair
<br /> ; of the Paopehy damaged,if the res�ona�ion ot repair is economically feasible and Lender's zecunty is not leuened. !f the •
<br /> , . restoration or repair is not econnmically fr�sible or Lender's secunty would be lessened, 1�he ansurance praceeds shall be '
<br /> ' �pplied to the sums secured bv�Q�as S�curity Instrument,whether or rtat then due,with any eacess paiA to Borrower.If
<br /> ;�� y j Borrower abandoas th�e Pr���+eray,or does not answer within 30 days a not�ce from Lender that the�nsurance camer has
<br /> � "`ti �'�' oA'aed to setUe a cladms.ahen Lens7ev rnay collect the msurance proceeds.L���:icr moy use the proceeds to repair or ratore
<br /> •:.f .j�,
<br /> the Propecay or to pa�•sums setuval�a,r this Secunty Instrument,whethe�4�P vH►t then due.The 30-dap period will beQm
<br /> � • wrhen t�e nt�tice is given.
<br /> ' + 2'�nless Lender and Borrowrr ocherwise agrce m wnung,an�at+�fuaa�on��f pnkeedc�u pnnc�pal shall not ea[ee�d c+c
<br /> _ '• � , ;�'�; �, �� postpone the due date of the month!L ,rayaneno�ref►rred to in p�r3graph.f ard 2��r change the amount of the paymenrts lt�
<br /> '`�; •' under paragraph 1Q the Propeny�s acq�:irrd h� Qemder. Hurm.sar c:ng�:;a�,�ar.y msurance�lic�es and�paaeeds rcsulung
<br /> � i i%:; �•y: , from damage to the P�operty pnor tc�@:e a:qx�sce�Yn vAa11 pass ta�LrneGev��oh�extent of the sums secuPZ�I�y th�s Securny
<br /> ' � '�`� Insetumrnt�mmed�uely pnor to tQ;r a:�u�sman
<br /> '`'i � b. 1'�esenatioa nd:1fu�te�ee of Properi�;[.ea�ebYis. Borrower tih�{I ant drstto}.damage ot s¢6sl�rtetalEy
<br /> , ''� ; cAange �he Prop�ert�.a0io� ahe Prapen�• to detenoraie or c�rnrnie wasre lE sha Secunrc Instrumertr n on a ItaseFrc�ld.
<br /> . ------ .L�IA....�.rC. �...1.�I..........e.....�..h0.�I�.... e...1.fR..�rnr.rr a•n��rrx fi�t�tl�tn Ih�Prnn�ff� �h�Ga�hnl.i�ftd .
<br /> • .�.....�..t .. . ..�.. ................ ..................,,.." _. _'T_ _ "'..." . ' _' ' '_r . _"'_'. .
<br /> fa utk sRaEt exit rnarge unless Lender agrees to the merger m K•nunR
<br /> Z. �'�rs�eetnoa of Lender's Rights in the Properp•; 11ortRaRe Insunnre. If Borrower fe�ls ro perk►rm the
<br /> eoveaanrs aed agreements cantamed m�h�s Seiunty Instrument,or there is a legal prcxeedmg th�t mey sigmflcanNy aBect
<br /> � l.ender's nghts m the Propehy(such as a praceedmg�n bankruplcy, probate, fi�r candemnauon or to enforce laws or
<br /> rcguat�ons),then L.ender may do�+nd p�y for w hate�e�is necessary lo protect the�alue of the Propehy aod Ltnder's nghts
<br /> � in the Propem• Lender's acn���s may mclude paymg an�sums secured by a ben w�hich has pnont} o�er thit Securny
<br /> Instrumrnt.appeanng m court,pay�mg reasonable atlomtys'fees and entenng on�he Prnpeny ti�make repain Althuugh
<br /> L.ender may take aclion under th�s paragraph 7.Lender does no�ha�e to do u�
<br /> Any amounts d�sbursed by Leoder under�h�s�uragraph 7 sh�ll become addmanal deM uf Hurrower�ecurcd b> th�s
<br /> Secunty Instrument lJnless Bormwer and Lend:r agra to other terms of pa�mrnt,lhese amoun�ti�hall he�r mleresl from
<br /> � the datt of d�sbutsement at the N�.te rrte and chall he payaMe. w�th m�etest. u�n o�iuce from Lendtr ��► &�rr��we�
<br /> : , requestmi W9ment.
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