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<br /> I� UNIFORM Cov8NAN7s. 8orrowcr uid Lender coven�nt u�d�gra�s followc: :�=._""'°`�
<br /> . i�� t ud i.rte Gtir�- Barrower shpll pramptlY P�Y when due �`.. � ---
<br /> ' � 1• p���°t p��Ip�l u�d�pte�a�p�ep�r� menl and late ch��Qes due undar tho Note.
<br /> t ��.K�K , thQ principd of and interat on the debt evidenced by the Note�nd any prepay
<br /> �. Fwid�far'I'ua and laurnnee. Subject ta�pplic�ble IRw or to a written w�iver by I.ender,Nanower ahAll p�y
<br /> !' to T.e�der on�he d�y monthly payment�Are due under the Nate,until the Not¢iz p�id in Pull, a sum("Funds")equal to --
<br /> one�twelfih of: (a)Yairly axes And Acsessments which mpy attain p�iari�y over this Security Ine�tument; (b)yearly ________
<br /> `y�,•,� ; . knehold paymenta or grouod renu on the Prope»y. if any; (a) yearly ha�ard inaurance premiums; And (d) yearly �._
<br /> �'��_.,. ••. __ n�ortg�ge incun�nce premium�,if any.These items are called"acrow items" I.ender mey estim�te the Funds due on the L --�R-+:��-
<br /> .:"�'�nt ^„ �. . • � 6ais of current d�t�ond�euonpble atimates of iuturc�crow items.
<br /> ' Tho Funde chall be held in an institution tha deposits or accounts of which aro insurcd or gueraniced by a f«leral or
<br /> �" ' ' � otRte agency(i�cluding Lender if Lender is auch en inntitutfon).I.ender�hall epply the Funds ta pay the escrow items• _
<br /> .�° Lender mRy not ch�rge for holdinQ and applying the Funda,a��lyzing the Account or ve�ifying the escrow items,unless -_-_
<br /> ,..,�� , � I.ender pays Borrower ir�terat on tha Funda and applicabk Ipw permits Lender to make such a cherge.�arrower u�d �._
<br /> • ' Lendcr m�y ag�a in writing thet intercst shall be paid on the Funda. Uokss an agrament is medc or applicable law Q.,,.V-.__=
<br /> ��� � requira interat to be paid,l.ender sholl not be requirad to pay Botrower any interest or earnings on the Funda.l.ender ==_ '_ —: �_
<br /> ��= ah�ll give to Eorroxer,without charge.an annual accounting oPthe Funds showing credits and debits to t he Funds and the _ _..�_ __
<br /> ��,_,;.�.,= —
<br /> � :a� purpose for ahich each debit to the Fund�wns made.The Fundc are pledged as additional security for the sums secured by ������,__,-,
<br /> thbSecurity Instrument. �_...=,�•. - --. ---�.--
<br /> li the smount d�the Funds held by I.e�der.together with the future monthly payments of Funds payable prior to �v��
<br /> the due dates of the escrow�tems.shaU exceod�he amount required to pAy the acrow items when due,the eacess shall be, _:�}_�_
<br /> � �t Bormwrer's option.either promptAy repaid to Borrower or credited to Borcawer on monthlY paYments of Funds.!P ihe �- ;- -
<br /> �:� `�.,::.:
<br /> ' amouot of the Fu�ds held by l.ender ts not su�cient to pay the acmw items when due.Borrower shall pay to 4en�k+r anY J: .',,.;r,.:I:�"._,�..
<br /> - . . n_�[�l!??'.'_
<br /> amoont necessary to make up the deflciency in one or morc payments as requirs�bY Lxnder. . �;.;::;._,; -
<br /> " Upon payment in Pull of all sume securod by this Security Instrument. 4enrler shaU promptly retund to Horrower ,•�,,,.;,
<br /> �,.;� ,�`�,:�"•',:::�...___�--_
<br /> "` � any Funds held by I.ender.!f under paragraph 19 the Property is sold or Acqwired by Lende�,Lender shall apply.no later , , ,,,,,,,, ,,,,�
<br /> �•.;„::• • ..:,,.�,�.
<br /> , ��"-��`; �'����. .-•�• . than immediately priar to the sale of the Property or its acquisition by Lend�r,any Funds held by Lender at the time of :�:,'�.;`:;�,,;�r�.;_�
<br /> ' ";' ' application as a credit against the sums secured by this Security Instrument. `:�' ` ��� `:' :_
<br /> ir �
<br /> �`�`.'�`", •'� 3. Applicadon ot P�ymeats. Unless applicabk l�w provides othcrwise, all payments received by Lendcr under �,� �,n , , ��
<br /> " ' paragraphs 1 and 2 slwll be applied:flrst�tu late charges due under the Note;second,to prcpayment chuges due under the �',•';';�:,`li;�,,;,,;•;,
<br /> ��-• Note;third.to amounts payable under paragraph 2;fburlh,to interest due;and la.ct,to principal due. ;:'fS f,,`•�i.;,� --
<br /> ' , � 4, G1��r�Uent. Borrower shall pay all taxes.assescments,chuga�flnes and impositiona attributable to the t?,�,�;. . � �_
<br /> Property which may attein priority over this Security Instrument. and leasehold paym¢nts or ground rents, iP any. .. �,•--_
<br /> Borroaer shsll pay these obligations�n the manner provided in p»ragraph 2,orif not paid in that manner,Borrower shall �" ' ' ;,t�.:��. . .~ ��' y
<br /> .�. . � pay them on time directly to the person owed payment.Borrower shall promptly furniah to I.ender�II notices of amaunts � , . .. , �
<br /> � -'+�.,.- --� to be paid under this paragraph.if'Borrower nwicc+thzse payments dirccily, 8orro�:er shs!!promptly furnish to Lender �f:{Y�S j1e Ff���_
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<br /> ..,sti.;t';:�.i;�- . . �. � receiptaevidencingthepayments. •�:;r,,.. „�.��:.
<br /> '•,� �,� ;!' , Bosrower shall prompdy dischprge any lien which has priority over this Security Instrument un1.^ss 8onower.(a) t;�. ' ... r�;.__�
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<br /> • �+ �;;`.,,. ; ,�y.,...:�'� agrces an writing to the payment of'the nbligation secured by the lien in a manner acceptable to I.ender,(b3 cantests in good � � ;r,..:,::, �_,._
<br /> ' ' ':��f faith t➢�e lien by,or defends ageins!enforcement of the lien in,kgal proceedings which in th�Lender's opinion operate to ( .. 4,�...
<br /> � � :', �;,'t';�'�:�` prevent the rnfarcemrnt of the lien�r forfeiturc oP any part of the Property; or(c)secures from the holder of'the lien an t� � `s.t .�:,.,_
<br /> . ° ' agrament satisfactory to Lender subordinating the lien to this Security Instwment.l f Len der de term ines thet an y pan of [ �=•--
<br /> :,; , the Property is subject to a lien which may attain priority over this Security Instrument,i.ender mny give Borrower a f
<br /> ��'�' —
<br /> • �-•� notice identifying the lien.Borrower shell satisfy the lien or take one or more of tNe actions r,et forth eDove within IO days E ' ,_��
<br /> t;�j�;�; • of the giving of notica ` •
<br /> g, Haz�rd Insurance. Borrower shall keep the improvemen�s now existing or hereAfter�rected on the Prope�n}' ,
<br /> � • � insured a ainat Inss by firo,hazerds included within the term"extended coverage"and nny other hazards for which Lencler � k�.._�
<br /> t�. t,. :: B � �
<br /> •" : ' , •' requires insurance. T#iis insurance shell be maintnmed in the amounts and for the periads that Lencler requires. The •;r-:-_
<br /> •�:a�:
<br /> � ;',°; , , insurance carrier providing the insurunce shall tx chosen by Borrower subjat to Lender's approval which shs�ll not be ( _�,�,
<br /> '• �•� � ' unrwsonably withheld. , �� '
<br /> � '�����•��, All insurance policies and renewals shall be acceptabl�to l.ender and sholl mclude a standurd mortgage clause. ` -��..�
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<br /> ' ' ''"�`'' Lender shall havc the right to hol�i he policies aad renewals,it'L�nder requires.Bormwer shpll promptly give to Lender �;,,, ,,;,,: ,
<br /> all rxeipts of paid premiums and renewal notices.In the event af loss,Borrower shall give prompt notice to th�insurance ; •.,���=,;,.'
<br /> '- camer and Lender.lender may make prooPof loss if not mude promplly b�Dorcower. ✓_, N A
<br /> � Unless Lender and Borrower otherwise ugree in writing,insurance proceeds shall be applied ro restorution or rep�.ir � i��,�t,;�
<br /> o f t he Prope r ty dama g e d.i P t h e r e s t a ration or re pair is economically Peasible and Lender's secunty is not lessened.If the �y�rt
<br /> .,, restoration or repair is not economically Peasible or Lender's security would be lessened,the insurance proceeds shall be I
<br /> .• " appliod to the sums secured by this Security Instrument,whether or nat�hen due,with any excess paid to Borrower. If �.
<br /> �. ' ' . Borrower abandons�he Propeny,ur does not answer within 30 days a notice from Lendcr that the insurance carrier has
<br /> offered to settle a claim,then Lender may collect the insurunce prceeeds. Ler�der muy u�e the proceeds to repair or restore
<br /> � .,,' the Property or to pay sums secured by this Security Instrument,whether or not then due.The 30�day period will beBio �
<br /> i � '•�• when the aouce is given, : �
<br /> ' t � '��,�'' � Unless Lender and Borroa•er othenvise ngree in writing,nny npplicut ion c�f prc�ceeds to principal shnll not eatend ur , . . ,
<br /> � � .'�5'?`�`� postpone the due date of the monthly payments referred to in parAgruphs I snd 2 or chan�zr the amount oPthe payments.If �r, ,. ,
<br /> ��� � '` '' under ura ra h 19 the Pro rty is ac uired Mc Lender,Borrower s right tc�any insurance pc�licies nnd proceeds resulting
<br /> .,f. ��; � P B P � q
<br /> ,,,� ;.:; � from damage to the Property prior to Ihe acqudsition ahall pass to LendeP i�tha rxtent of thr sums secured by th�.Secunty
<br /> �;t��"� Instrument immediately prior to the acquisition
<br /> � 6, PreserrANon and Maintenance ot Property;l.eAaehc+9ds. H.irri�wer shafl nrn drst roy,damage or.ubxtant�all�
<br /> . change the Propec't}�. allow the !*roperty to detenorale or c.�mrnit wa��t. �f this Serurup Instrument is on a ka>rh��ld.
<br /> � � •�., �', Borrower sh�ll cnmp;p with the provisions of the ie3se,and d 0orrower acq uires tee�saUr ao ihe Prope�ty.�he leasehoid and
<br /> �` ��'; fa tnk sh�ll no�mrr��unless Lender agrees to the mergrr�n w�ntmg.
<br /> `� "•.' 7, protecNon ot Leoder'a Rights in the Property; Atort�Wge Insmance. If Burruwer fad� to F+erfnrm �he
<br /> _ __a�_.........����.,ra�.�d in rhic Secuntv Instrument,iir there is a lrgal proceeding that muy�igmfi�an�l�affect
<br /> — �:,'.'�:.�.:�....-e•-°••-••-_--- — .
<br /> Lender s rights in the Pmprrty Esuch as a proceeding m banlcruptc7•, prc.ba�e.for cc�ndtmnauun ar ti�rnturce iaw•�ur
<br /> tegu{atiQas).then I.cnder may da and pay for whutever es necrssary to protec�ihe�alae of the Propeny•rnd L�ndrr'ti nghts
<br /> in�lie Property. Lender's nctians may include pay�ng�ny sums secured by a lien Khich ha+priunty a�rr th�s Securuy
<br /> Instrument.appqnng in coun,paving reas�mable attorneys fees�r�d entereng on the Prope�t�•t��makr rep•r�rti.Althiwgh
<br /> Lrnder may take acu�m unde�this paragraph 7.Lender does not Aa�e to d���:n.
<br /> Any amoumc disbursed by Lender under this paragraph 7,hall become additwnal debt�+P Horruwrr.�ti urctii h}��his
<br /> Secunty Instrumeo�.Unless&�rrower and Lender ngree�o other terms c�f pa?�mcnt,thc�e amaunh+hull i+rar mterrti�fram
<br /> the date of disbursemen� at thr N�ite rutc and �hall br payable, N�uh intet�t. u{x+n nancc frnm l cndcr to HarroW�er
<br /> . requatin�paYment.
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