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LINIFORM COVENANTS Borrower and Lender covenant and agree as follovc's: 002348
<br />the Principal Cifand interest n (tic debt evident drhyathe Note and a�,, prepa) Charges.
<br />vent and late charges clue under the 2. Funds for Taxes and insurance.
<br />Subject to,1 p 1 pay when clue
<br />P P� . e . ote.
<br />to Lender on the day monthly payments are due under applicable until the Note tis' paid ci nr full, if sum ( "Funds")�equal `Ill
<br />one- twelfth of: (a) yearly taxes and as%Lssments which may attain priority over this Sec•uriry Instrument; (h) yearly
<br />[� leasehold payments or ground rents on the Property, if any c
<br />I mortgage insurance premiums, if any. These items are called "escrow' Itrnts." Lender may cstirrlae the s:Emds due on rhr
<br />y O yearly hazard insurance premiums; and (d) yearly
<br />oasis of current data and reasonable estimates of future escrow items.
<br />The Funds shalt be held in an institution the deposits or accounts of %% ])left are uuured or guaranteed by a federal ur
<br />state agency (including Lender if Lender is such an institution). bender ,hall apply the Funds to pay the escrow it
<br />Lender may 'lot o charge tier holding and applying the Funds, analyzing the account or verifying the escrow, items, units -
<br />Lender pays Borrower letter t on the Funds and applicable law permits Lender to make such f charge. Borrower and
<br />Lender may agree in writing that interest shall be paid on the Funds I'nle%s an agreement i, made or applicable law
<br />requires interest to he
<br />paid, !.ender shall not be required to pay l3orrnwcr any interest or earning, on the Funds. lender
<br />shall give to Borrower, without charge, an annual accounting of the Fund, showing rredln and debit, to Iht Fund, ;old the
<br />Purpose for which each titbit to the Funds was made. The funds are pledged a, :ulditcdit send de for the sums secured h%
<br />this Security lnsirument.
<br />the due date, oftthe escrowtitem shall exceed rtile amount required[Ile to Pakfiletescrow ncrn ewlt of Fund, Payable prior to
<br />at Borrow'er's option, either promptly repaid to Borrower or credued to Borrower on rnonthh paymentil c I excess %l If t e.
<br />amount it the Funds heist M' Lender "nut sutheitni to pat the escrow% items when due. Bnrrnwrr,hall pay to LtndrIf fh
<br />amount act teary to make tip the dctic'enc% in one or more Pak Tile s :u required by Lender
<br />Upon payment d tuff ut all sum, secured by this Securn instrument Les -Wer shall prompily refund to Borrower
<br />any Funds head by 1_endrr. 1P under paragraph Iv the Property Is sold or :acquired b% 1. rider, Lender shall apply• no !ante
<br />than'mmediaitly poor set the ,ale of lilt Property or its acqui,rhon by Lender, aril' Funds held hl,' Lender at the rime of
<br />application i s a credit against the sums secured by ill, Srcunty InstrunttLe
<br />3. Application of Payments. Unless applicable law provide othenvlsc, all payments reccoked by Lender under
<br />paragraphs I and 2 shall he applied: first, to late charge, due under t he fete• second, n+
<br />;Vote: third, to amounts payable under paragraph fourth, to Interest dot: and last to principal due
<br />pr nc ipal cue charge, due under the
<br />4. Charges: Liens. Burrower shall pay all taxes, assessments.:h:argc%, fines and uraprnrtrvls attrlbusable ro the
<br />Property which real, attain ,allot% ocrr this Secunty Instrument. and leasehold payment, or }round rents. If any
<br />Borrower shall pay these nhhgahon' In the rrlanne•r Prnalded nl p:usgnlph `. or rt not paid in that inanoun Burrower shall
<br />pay' them 1u1 time :directly to the person owed payment. Borrower shall promptly furnish to Lender :Ili nnuccs of amuuuts
<br />re tar paid under ;tits paragraph If Hnrruwrr make, these parvnlrnh directly, Borrower shall promptly f)1Icc, to l.erlticr
<br />rc:crrpbtvidrnrraii thepayrrtents.
<br />Btrrrnwrr shall promptly discharge any lien which has pnonts mer this Secunly loctrunent unless BorroKrr till
<br />agrees Ire wnnng to the payment of the ohhgall,o secured h% till. lien in a manner acceptable In Lender: th
<br />faith the hen fo or defendf �le lien or rcemtrst of [tie hell Ill. Icgal proceedings which ir, the Lrndrr', up)uu rl operate fop
<br />prevent rhr enfurctmcm of the hen nr tiirfrrhrre of any parr of the Praptrtt: or tc) secures Irom the holdrrls)Itthperalmelxd
<br />a6.' Prop t sae, sUbl ry to I_cnder,uh rdinatlnE'tic hen ro this Security Instntmc•nf if Lender deternnnes that art% 1 ,fit
<br />the Pn >ptrry is slthfrct n, ,a Bell which nary attain presto% ,suer this Securely Instrument. I cruder may pace Bnrmwcr a
<br />nutlet Identlflking the hen Borrower shall satisfy file hen or take one or more of the actions set f�,
<br />-f thegrvingIll nollct rah ahncc wuhrn Inc,
<br />S. Hazard insurance. Borr'owcr,!Tall keep the nnprovc"Icnt, now r.xl,una r hereafter teetered on the Pr,p d n,
<br />insured aga'mt loss by tire, hazards Included w Irhtti [hr terra "extended ruverage" ,nu) ;aah other eaft hazard, for , bleb Lender
<br />requires msurancc I'll's Insurance ,hall he r laoltalued ul the lend dt,, and for t . f trtc
<br />insurance earner pnavai.`'ng life Ilislirance shall h,• :hn,en Bn Hc,rr,+Ker sublet, , e ,x nod, that !.ender regular, 1 tic
<br />unreasonably wilhheld I ender', :fppr, +van Nhrch ,11,111 not he
<br />All insurance Pollcsr, and rcnrwah shall ht acre °,table t..
<br />Lender .ttali have the right tit hold the policies :and renewals 11 Lender require. Borrower shall prnnnpty gr'e to Lrndrr
<br />i I teepee .aid ,h.ill auchidr a ,i,uidaal muRgagc' cl.iu,e
<br />111 receipts of paid pretntums and renewal nutters la rhr teem l-,1 1„s,. Borrower ,hall ne prompt unucc n,
<br />carrier and Lender. Lender may make proof of loss If I-, made prom❑ fly t, f I
<br />Uniess Lender anti Borrower ol tier wise agree it] wi'n'ng. nl,urarce •,roc .. 1 the insurance
<br />l p y fi,+sn +wcr
<br />r the Property tfarnaged, d the re%li -Rion or repair is ceononcally (ca,ihle and Lrndrr , stunt% i, not rall,) led If rhr
<br />reste�ralion or repair's inat economically leasable or Lrrader's ,ecunt% wom ctti,'ltali he apphcd to nrsntrdlpri ur Tell Lit
<br />applied to tile,nins secured h% (hi, Secutll% II1,Irnrnrrlt, whc'ther itr % old ht lessened. [Ile nlsuraucc pro
<br />Borrower abandons rift Pro seeds shall ht
<br />!any, ur nit, opt answer witluri t(t d:lys a n of ce frorn I crfsdertthat the insurancBnr rricrrIla%
<br />offered to settle )a enamel, Ihen Lender may iotltct the nasurancr proceeds 1 ctade" trlay use Idle proceeds In rel,an or restome•
<br />the her, not notice u1 pay -inns stcu cc' 1%Ill's Security Instrurriew, whether or lot then .tic• file t(D-
<br />whtrt the niliiCC F' !%`lice!.
<br />UIP(r„ (.Criede(:llld Ill'rfrltK't( nthrfwl,t':1grt'C 1(1 N(111et,, , 11:11 jpeland will hrgln
<br />latnfplane the due dale of the tenthly p:lyrrlents referred to set par algraph'fclaanli 1orpc hart, c the ;area +unr u(
<br />t tuns to pruaripai ,half out retried or
<br />under paragraph I') the Priv pri as acquired h% I.rndel, llrarrowvr', gill hp any nlsurarl c pohru's nnc! pr'ucceslc rr,ulhnp
<br />from darrlagr to the 1'nll>rrty prior to the Icqulsltton shall ra„ to the pay oaten, 11'
<br />ln,tPtafTitalt nYtMedlaic•h' prior (n (tie al,qui%ition I Lender to the cvtew of the suers ,,., mcd by this Sicalruc
<br />6. Preservation and Staintenance of Property; Leaseholds. Borrower daroapr or snh,rnui.iiic
<br />change the Pfoperiy. allow the Property to deennratc' of cn r
<br />Baartf +wce %hall cf,olply with till- provisions ,(if,, least, and it Burrower acqunr, Ire title to air Pre ,
<br />r'rrul wash If this 1l-CUn'c 11,tulnlrni Is .,n ., Icesnc�,istl.
<br />let- ode shall not inerpc unless Lender ap;rcr, l.4+ the a erpitf tli w olio,
<br />!crop ten Ie ;Ikchold'1111
<br />Protection of LerNlrr's Bights in flit L'rnperty Alnrtgitge insurance. 1( Burn +curs Ialis 1„ pet ,rm ±fir
<br />Lendctnts and agrrtmnrnts confatnla'd'fl lhss Sewell, Instr t); nt
<br />of I hen , 1 rant Iv;rcrdol that Ltradrr's rights Irf rhr Properly (such :as ;1 proccednig in h;anknl ices ,mohair, f„ b Ir rs "'y ` "1 "'r' pose!! nitrs i
<br />rcgulaitllus). then i_tndrr may doarod pall, lilt whatever is ncr,sarvJlopfn r 'midc•mrianon ''r I., ;a11ol ",
<br />sea the Proit rty vender's ,,rules relay include asro; fret thec;Ihie,iffha 1'r„pertc anti I rndcr',arc,ghi:
<br />Inalrurnvni,a, 6' b n� pool, tort!! he ,, urn Nhfrh hl
<br />fprarrng 11, lintel, palmpt rora,f.,n.ihfe auofncys' tee used tole!,! n ih+' lien•, biotic , "cI 1111, St.,
<br />P. end€ ranal, twkc, talinnundkI .Ihr,iptrtpaaph?.Lrndrrdot,nutt ICc� lit,g t+ aka it •air,
<br />,any'Irmwisl,dr,hu; sally 1 \Itlnnl h
<br />y 1 Coster us11,'r Ih„puapraph "~nallhi._„ni,- .nithll'nal�lr!, r.! li„ri„uri tic.,,rrclh,
<br />tieuutBC (11 dlansrnr ttnles,Ikpir „weir and I.'nder s,�ne. to �,fhrr 1,•rnu :nnlrot thesean,,.
<br />epic start= reed sdsstrur,rnrrras f fie "e�„e r,al,• ,,s„i ,', ell F �• ,hail I,r,ir nuc rr•,t
<br />'cgul-alnlltp,aysf €eel r,.,cat +k - +,rl ,nicsr,> ��!• „n :,�t�,r 1.
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