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<br />102195
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<br />UNlrORM COVIlNANTS, Borrower and Lendu. covenant and agree as follows:
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<br />I. Payment of Prlndpal and Interest; Prepayment and Late Charges. Borrower shall prompl'Y pay when due
<br />the prln.:ipal of and intcrat on ltle debt cvidem:ed by the Note and any prepayment and late charges due under the Note.
<br />2. Funds for Taxes and Insurance. Subject to applicable law or to a wriuen waiver by Lender, Borrower shall
<br />pay to Lender on the day monthly payments arc due under the Note, unlllthe Note Is paid In lUll, a sum ("Funds') equal to
<br />one.twclfth of: (a) yearly lIUes and assessments which may attain priority over tho Socurity Instrument; (b) yearly
<br />lcalchold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mllrtgage insurance premiums, if any. These i/cmsarc called "escrow items: Lender mllY estimate the Funds due on the
<br />basia of cUrrent data and reasonable estimates of IUture escrow ilems,
<br />The Funds shall be held in an institution th~depoiits or accounts of which are insured or guaranteed by a federal or
<br />state agency (Including Lender If Lender 0 such an Iilstitution). Lender shall apply the Funda to pay the escrow items.
<br />Lender may not charge for holding and applying the Fuods, analyzing tho aceounl or verifYing the escrow ilenu, unless
<br />Lender pays Borrower interest on ' the Funds and applicable law permits Lender to makc such a charge. BorrDwer and
<br />Lender may agfCC in writing that intercat shall be 'paid on the Funds. Unless an agreement is made or applicable law
<br />requires Interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made, The Funds are pledged as additlollalsecurily for the sums secured by
<br />this Security Instrument
<br />If the amount of the Funds held by Lender. logether with the future monthly paymenla of Funds payable prior to
<br />the due datcl of the esaow itema, shall exceed the amount required to pay the escrow items when due, the excess shall be.
<br />at Borrower'a option, either promptly repaid 10 Borrower or credited to Borrower on monthly payments of Funds. If the
<br />amount of the Funda held by Lender is nolsufficientlo pay the escrow it.ems when due, Borrower shall pay to I,.ender any
<br />amount necessary 10 make up the deficiency in one or more payments as required by Lender.
<br />Upon paymenl in full of all sums secured by this Securily Instrument. Lender shall promptly refund to Borrower
<br />any Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender. Lender shall apply, no laler
<br />than immediately prior to the sale of the Property or its acquisition by Lender. any Funds held by Lender at the time of
<br />application as a credil againsl the sums secured by this Security Instrument
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs 1 and 2 shall be applied: first. to late charges due under the Note; second. 10 prepayment charges due under the
<br />Note; third, to amounla payable under paragraph 2; fourth, 10 interesl due; and last. to prln.:ipal due.
<br />4. Chuges; Liens. Borrower shall pay all wxes, aSSllSSmenla, chargcs, fines and impositions attributable to the
<br />Property which may aualn priority over this Security Instrumenl. and leasehold payments or ground renla, if any.
<br />norrower shall pay these obligations in the manner provided in paragraph 2, or if nOI paid in that manner, Borrower shall
<br />pay them on lime directly to the penon owed payment Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under' this paragraph, If Borrower makes these payments directly. Borrower shall promptly furnish to Lender
<br />receipts cviden.:ing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Securily Instrument unlcss Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable lo Lender; (b) contesla in good
<br />faith the lien by. or defends against enforcemen,l of the lien in. legal proceedings which in the Lender's opinion opera Ie to
<br />prevenl the enforcement of the lien or forfeiture of any part of the Property; or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien 10 this Securily Instrument. If Lender detnmines that any pan of
<br />the Property is subject to a lien which may altain priority over this Securlly Instrument. Lender may give Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br />of the giving of nolice,
<br />5. Huanllnsuranc:e. Borrower .hall keep the improvements now existing or hereafter erected on the Property
<br />Insured against loss by fire, hazards incladed within the lerm 'extended coverage. and any other hazards for which lender
<br />requires insurance. This insurance shall be maintained In the amounts and for the periods that Lender requires, The
<br />insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall nol be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be acceptable 10 Lender and shall include a standard mortgage clause,
<br />Lender shall have the right to hold the pollciL'5 and renewals, If Lender requires, norrower shall promptly give to Lender
<br />all rL"Ceipts of paid premiums and renewal notices. In the evenl of loss, Borrower shall give prompt notice to the insurance
<br />carrier and Lender. Lender may make proof of 1051 if not made promptly by norrower,
<br />Unless Lender and Horrower otherwise agree In writing, insurance proceeds shall be applied to restoration or repair
<br />of the Property damaged. if the resloration or repair is economically feasible and Lender's security is nollcssened. If the
<br />resloration or repair is not economically feasible or Lender's security would be lessened. the insurance proceeds shall be
<br />applied to the sums secured by this Securily Instrument. whether or not then due. with any excess paid to Borrower, If
<br />Borrower abandons the Property. or does not answer within 30 days a notice from Lender that the insurance carrier has
<br />offered to settle a claim, then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore
<br />the Property or to pay sums secured by this Securily Instrumenl, whether or notll,en due, The 30'day period will begin
<br />when the notice Is given.
<br />Unless Lender and Borrower otherwise agree il) writing. any application of proceeds to principal shall not extend or
<br />poslpone the due date of the monthly payments referred to in paragraphs I and 2 or change the amounl of !Jle payments, If
<br />under paragraph 19 the Property is acquire<j by Lender, norrower's right to any insurance policies and proceeds re..ulting
<br />from damage to the I'roperty prior 10 the acquisition shall pass to Lender to the eXlenl of the sums secured by this Securily
<br />Instrumenl immediately prior to the acquisition.
<br />6. PI'l"Sen'IltlOll and Maintenance of Property; Leaseholds. Borrower shall not destroy, damage or suhsl1tntially
<br />change the Property, allow the Property to deteriorate or commit waste. If this Security Instrumenl is on a leasehold.
<br />norrower shall comply with the provisions of the lease, and if Borrower aequires fee title to the Properly, tlle leasehold and
<br />fee tillc shall nol merge unless Lender agrees 10 the merger in writing,
<br />7. ProtmlOll of Lmder's Rights In the PnJpertyj Mortgage Insurance. If Borrower fails to perform the
<br />covenantl and agreements contained in this Security Instrument, or there 0 a legal proceeding that may significantly affecl
<br />I.end",.'s rights In the Property (such as a proceeding in bankruptcy, prohale. for condemnation or 10 enforce laws or
<br />rqJulallons), then Lender may do and pay for whatever Is necessary 10 prolcclthe vuluc of tJle Properly and Lender's righls
<br />in the Property, L;lnder's aclians may incll/eIl: paying any sums secured by a lien which has priority over 1111. Security
<br />,Instrument, appearing In court, paying reasonable attorneys' fees and entering on the Property to make repairs, AltllOugh
<br />Lender may take llcllon under dIll paragraph 7, Lender does nol have to do ~o,
<br />o\ny aRlounts dilburscd by tend~r under this paragraph 7 ,hall b~coRle additional deht of' Horrower ,ecured hy Ihis
<br />Security In,trumau. Unlns. Borrower and tender agrr<<: to other lcrn15 of payment. lhe..lIc a,"ollnb shlln hear inh:n~:\l Iron\
<br />tJ,e dale of dllhurlemenllll the Nole rule and shall be payable, wid, InlcrL'St, upon notice f'rolll I ender to Porrower
<br />rcquaU'11 (layment,
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