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<br />UNIFORM COVENANTs. Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due
<br />the principal ofand interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />2. Funds for Taxetsd Insurance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum ("Funds ") equal to
<br />ate - twelfth of-. (a) yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly
<br />leasehwld payments or ground rents of the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortgage insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the
<br />basis ofcurrent data and reasonable estimates 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 />i.ender pay's Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br />Leader may agree in writing that interest 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 additional security for the sums secured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to
<br />the due dates of the escrow items, shall exceed the amount required to pay i he escrow, items when due, the excess 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 is not sufficient to pay the escrow items when due, Borrower shall pay to Lender any
<br />amount necessary to makeup the deficiency in one or more payments as required by Lender.
<br />Upon payment in 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 time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />3. Aptglieatian of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs 1 and 2 shall he applied: first, to late charges due under the Note; second, to prepayment charges due under the
<br />Note: third. to amounts payable under paragraph 2; fourth, to interest due; and last, to principal due.
<br />4. Charges Liens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any.
<br />Borrower shall pay these obligations in the manner provided in paragraph 2, or if not paid in that manner. 13orrower shall
<br />pay them on time directly to the person owed payment. Borrower chat) promptly furnish to Lender all notices of amounts
<br />to he paid under this paragraph. If Borrower makes these payments directly. Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Secunty Instrument unit-%% Borrower: fa)
<br />agrees tit writing to the payment of the ohhgation secured by the lien in a manner acceptable to Lender: (h) contests in goad
<br />faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any part of the Property: or (c I secures from the holder of the lien an
<br />agreement satisfactory to Lender %utxudinating the lien to this Security Instrument. if Lender determines that any part of
<br />the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more cif the acnrms set forth above within 10 days
<br />of the gi ving of notice.
<br />5. Hazard Insurance, ilorrower shall keep the improvemerts now existing or hereafter erected on the Property
<br />insured against Ions by fire, hazards included within the term "extended coverage" and ens other hazards for which Lender
<br />requires insurance. This insurance shall be maintained in the :amounts and for the periods that Lender requires. p'he
<br />insurance earner providing the insurance shall he chosen by Borrower suhleci ur lender's approval which shall not he
<br />unreasonably withheld.
<br />All insurance policies and renewals shall he acceptable to Lender and shall include a standard mortgage clause.
<br />Lender shall have the right to hold the policies and renewals if Lender requires, Borrower shall prorpily give to Lender
<br />all receipts ttf paid premiums and renewal notices. In the event of Ions, Ikrrrower shall Five prompt notice to the insurance
<br />earner and Lender. Lender may make pro ol'of lens if not made promptly by Nwrower.
<br />Unless Lender and Borrower otherwise agree to writing, insurance pros reds shall be applied ut restoration or rep:.ir
<br />of the Properly damaged, if the restoration or repair is economically feasible and Lender's security is not lessened if the
<br />restoration 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 Security Instrument, whether or not then due, with any excess paid to Borrower. If
<br />Borrower abandons the Property, or doers not answer within 30 days a notice from Lender that the insurance carrier has
<br />Acred to settle a claim, then Lender may collect the insurance proceeds Leader may use the proceeds to repair or restore
<br />the Property or to pay sums secured by this Security Instrument, whether or not then due. The ?0 -day period will begin
<br />when the notice is given.
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to to paragraphs 1 and Z or change the antuunt of the payments II
<br />under paragraph 19 the Property i% acquired by Lender, Borrower's right to any irnurance prthcie% and proceech resulttnc
<br />frcnn damage to the Property prior to the acquisition shall pass to Lender try the extent of the sums secured hp the% security
<br />Instrument immediately prior to the acquisition.
<br />h. Preservation acid Maintenance of Property; t.eaaeholds. Borrower shall not destroy, d:onagc or substantruil
<br />change the Property. allow the Properly to deteriorate or commit waste If this Security ]nstruniew is stn ;a leasehcohi,
<br />Borrower shall comply with five provisions of the lease, and if Borrower acquires for title to the Property, the leasehold and
<br />fee title shall not merge unless Lender agrees to the merger in writing.
<br />7. Protection of Leader's Rights in the Property; Mortgrgr Insarancr. If Borrower fails to perform the
<br />covenlintsand agreemenis con tallied t i t uns Secunty InstrurnenL or there is a legal pion eedmg That may signrticaut % afl'eci
<br />Lcnder'o rights in the Property (such as a proceeding in hankrupfcy, probate. for ondenniatwn .n to enforce laws of
<br />regulations), then i.ctader may do? and pay for whatcrer is necessary to protect the %alur oI the Pfopefty and i ender'% ritthts
<br />in site Property Lender'!, actions may include paying any %urns securest by a hen which hats pn my I�u•r tins tied null
<br />Instrument, appeatiOg ua aro+urt, paying reasonable attorney%' fees and )retina on the P!�'pert% to rnnl,c lep ml, - lithwty h
<br />t.crtckr rriay take acru"n ender thrs paragraph 7. Lender dorm not ha%r to do s.
<br />Any amounts dt %burled by Lender under this p+ar;ayraph" shall beomir add)%, nap debt •rl K,r rawer 'cct.nrd h_r thus
<br />Securny in%trurnritt I'nlrss il:rcrowrr and Lender agree t,, r,ther terms "t pa>tnew, ih—. 'rr,rn
<br />the date of dtsbur rtncnt ar lute Note rate attd shill •,c p�ayahk, w!th =itcrr�i n• . i .., . , I c^ dr • H�ur�aw��
<br />requesting pb> rnent
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