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<br />UNIFORMCOVI:NANrS. Borrower and Lender covenant and agreea %follows: 85-- 00240
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower %hall promptly pay when duc
<br />the principal of and interest on the debt evidenced 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 written waiver by Lender, Borrower shall pay
<br />to Lender on the dap monthly payments are due under the Note, until the Note is paid in full. a %urn ( "Funds ") equal to
<br />one•tweifth of: (a) yearly taxes and assessments which may attain priority over this Security instrument; (b) yearly'
<br />leasehold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortgage insurance premiums, if arty. 'These items are called "escrow items." Lender may estimate the Funds due on the
<br />hasis ofeurrent data and reasonableemimates of future escrow items.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br />Lender may agree tit writing that interest shall he paid on the Funds. Unless an agreement is made or applicable law
<br />requires interest to be paid, [ender shall not he required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Fund', 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 additional security for the %um% secured by
<br />this Security Instrument.
<br />if the amount of the Funds held by Lender, together with the future monthly payments of Fund% payable prior to
<br />the due dates of the mmlw items• steal) exceed the amount required to pay the escrow items when due, the execs% shall be.
<br />at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />amount of the Funds held by Lender i% not sufficient to pay the escrow items when due, Borrower shall pay to Lender any
<br />amount necc -ary to make up life dctictency' nl one or more payments as required by Lender.
<br />Upon payment nl full of all sums secured by this Security 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 later
<br />than immediately prior to the sale of the Property or its acquisition by Lender. any, Funds held by Lender at the lime of
<br />application as a credit against the sums secured by this Security Instrument,
<br />3. Application of Payments. Linless 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 Nc +te: second. tit prepa) men( charges due under flit
<br />Note; third, to amounts payable under paragraph fourth• to interest daac: and last, to principal due.
<br />4. Charges; Liens. Borrower shall pay all (axe%, assessments• charges, lines and JIMP01,111orls attributable to file
<br />Property which may affair, pnortty over flit% Security Instrument, and leasehold payments or ground rents, if any.
<br />Borrower %hall pay these obligations in the manner provided in paragraph 2. or if not paid it, that mariner, Borrower shall
<br />pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of anunuu%
<br />It, be paid under this paragraph. If Borrower makes these payments directly. Borrower shall promptly titic sit to Louder
<br />receipts c%idencmg the payments.
<br />Borrower shall prompth discharge any lien which has pnont% over tits Security Instrurnent unless Borrower: Of
<br />agrees in writing to the payment of the obligation secured by the hen in a manner acceptable to I.cndcr. (h) anNr%p in coed
<br />faith the lien hr, or defends a} amst enforcement of the lien In, legal proceedings which in the Lender's opnnon operate to
<br />prevent the enforcement of the lien nr forfeiture of ;lily part of the Property. or (c) secures from the holder of the lien an
<br />agreement %ati%factory to Lender %nhordhutting the lien to tills Secunt Instrurnent 11"I ender determine% that any part of
<br />the Property is %uhiect to a hen which may attain pnornv liver tills Secuni In%Inlnlent. Lender may grit, Borrower a
<br />nonce edging ot'ng the hen. Iorrower %hall satisfy the lien or take one or more of the actions set forth ahrne within lie dar%
<br />of the glerng oFnotice.
<br />5. 111azard Insurance. Borrower shall keep the irnprosenlenls now - -Elliv or hereafter erected tin tile• Propene
<br />insured against loss by tire, hazards mclucfed within the term "extended co%cragc•" and :laly other hai,1; lis flu which Lender
<br />requires iii %LPAI1Ct' Ihts uisuraurc shall he m:unr:uned In fife .Irnoulus and for the periods that 1 Crider requires. Itic
<br />insurance carrier provldlrl,q the Insurance shall he chosen by Borrower %ubtect n+ I ender', apprrnal witch shall not he
<br />unrea%einably withheld.
<br />All Insurance peihcn:s and renewals shall he acceptable to I_cneicr and shall include e u;uufard nulrtgage cLluse
<br />tender shall have the tight to hold rile (whole% and renewals, 11 Lender require %. Borrower ,hall proillptly give III @ ender
<br />:sll reccrpts of paid Premiums and renewal notice %. in the went of kiss. Hortoner %hall ;glie prompt noticc to the iilsulancc
<br />carrier and Lender. Lender may make proof of los% d not made promptl% I,% Borrower
<br />L'nle%s I.endcr and lh=ower e;,therwlse agree tie carting, ul%urjr' proceed% shall be applied to rc%Ioranon or repeo
<br />of the Property damaged, if the restoration or repair I% economically li•asib)c• and Lender'% security is not icssencd It' the
<br />restoration or repair 1% inn economically feasible or Lender's security would be lessened. the illsllranCe: proceed% shall Ill
<br />applied to the suln% secured by fill,, Security Instrument, whether or not then duc•, wrfit any excess paid tot Borrower If
<br />Borrower atzandon% the Property, or does not an%wer within ?o clay% a notice from I ender -hat the mans W, Il carrwe has
<br />off'cretl to settle a clalm. rhea Lender may collect the lnsurance procrcds I ender' mac use the latch cf% MI rrpalr or rc%h.+rc
<br />the Property cc s pay scam% secured toy ihts Security Instrument. a hviher „m not Ilie•a dale I he ?tl.dat period will hceirt
<br />whin the rrottce is given.
<br />Unfeai Lender and Borrower ntherwiw agree• tit %riling. any apphc,ltlort ,,iprocceds r.+ I +nncip;d ilia ;} ilea ratcnaf u
<br />Undcwrae the due dale e [tic Property 1, . payritent% retirrred to in paragraph% 1 and : nr ch,oip.c the amount „f the pay rneitt, If
<br />I.romr paragraphs I'e the Property I% acquired hs Icilder. Borrowe•r'% right tonal ill %urdn.c pahctc%;Ind nrncrcd% rr%uitins
<br />fnsnl damage to the iirnlxrty prior to the;acquuttio,, shall pass 1r+ 1 ceder t,o ilia• e%Icni of flit, %iinl, ,ccllrrd ifs lift% Sctunr,
<br />In %eraenictif immediately prior to the acqut %loon.
<br />h, PrMI' Viltiiln and Maintenance orProperty :l.easchold%. Hoer;, wet% hallnntdeserny „l.nn:,tr,r %uhvanu.ah
<br />hartge the i'norwrf%..tllow life Vroperty Io detcru,rate or commit watt,• It flit% >r, min I lilt rtIIIII' t i, ,,o, .,
<br />@falrrowor %hall..nntp3% %u@o the provlsn +n %„t the least, and if Hori'o%t•r .ICyuttc% Ire III),, r„ the Prolw11% the
<br />itx• rrtlr %hall not nierge unless I ender 19fe” to ihr nu•rger us w rulug
<br />?. Prnlectilan of Lender'a Rights in the Property; Mortgage insurance. 11 Hoirnwer f et;, I,,
<br />c €vyenant %and agrrenlcots condoned in thw S,ceurtty tnsiruulent, nr nccre Is', lolal hi;,cecdm Uutt nit, rt a,
<br />I ender'% right% Ill file 1'roperry (such as I lro 1ic.r Ir ,all,, I
<br />eeteluta cal I +ankntptc%, probalc, t.n ,orldrnul.sllo'l) .n t„ rnfIIrrr
<br />regulation %). ,hen (.ender (nay Ju and pay for whatever 1% nett,% %en fn pn+lcri the ,aloe c,I fife 1'r�quvt% an.l 1 enders
<br />sn the Property Lendet" acuaat% rna} trtclu,lc paying ;try %tint% %rcurcvf by .I hk'n wllsrh 11,1, l,rr,na, ,,,rr ;h+, ♦_•cunfl
<br />In,frumetlt, ;appe^dtrng In tnurt, paying re<.rsonaf le IrlorilcN h"', Mid entci ing on the I'n,prnr f„ make rrl,an. -�, ah,,,aA h
<br />@ ender rnav take it:oon uruh'r thin I,ttr aW r:iph I r_ridcv thn.s .,.,r base to do %n
<br />my anuitmf %shahur %ad ht i en,tt'r tolilcr tilt, par;tgr.yph
<br />titstatry @n %trurrse °lit @'rticss fk enr,wer anal I cndl t ;Igrec In �,Ihrr tcrtrts "t
<br />fist tfxaa , +f daat+ur %arna•nr
<br />•`ageic %it ty t;,aq rss «�nr - - nil .i � i1. ,.,,, ,.,
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