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<br />UNIFORM CoVENANTS. Borrower and Leader covenant and agree as follows: 84,~ 0068.15
<br />.. ...,.... 01 PriIIdpa1 aad~ Prepayment _lAte CIt8rpI. Borrower shall promptiy pay when due
<br />the principal of and interest on the debt evidcncod by the Note and any prepayment and late charses due under theN(JtC.
<br />:z. F'IIndI fur T__I........ Subject to applicable law orro a written waiver by Lender, Borrower sIIall ~y
<br />to Leader on tu day montbly payments are due under the Note, until the Note is paid inJull, as~ (",Funds")~~
<br />one.tweWt of: (a) yearly tues and assessments which may ilttainpriority over this SecuritYIftstnanentd")(Y~~
<br />Ieaschekt payments or pouad rents._ the Property, if any; (c) yearly hazardinsurance~m-.ancl"((~)"~1Y
<br />lIIClftpp imurance premiums, if any. These items areca1led"escrowitems." Leader may.estimate the~i~$e~the
<br />basis ofewnmt data and RlII08IIblc estimates offuture escrow items. ,(,. < > ". ."., ,ii'
<br />The Funds shall be hekl in ,an institution the deposits or,accounts ofwbicb are insurIld or paran... by a '.
<br />state asencY (mcludiRa Leader if Lender is sucluninstitution). Lender shall applytheFu~to~yt~
<br />Leader may not cbarae for holdinaandapplyins the Funds, analyzing the account or verifyiftltheesc
<br />Leader pays Borrower interest on the Funds and applicable .Iaw permits Lender to make suchaclw1e' ,'."".. .<((
<br />Leader may lIIfCC in writing that 1nterest shall be paid on the Funds. Unless an agreement ismadeorA~,I.w
<br />rcquilW interest to be paid, Lender sball not be required to pay Borrower any interest or earnings on the FUnds. Leader
<br />shall give to Borrower, without charge, an annual accounting oftbe Funds showing credits and debits to the Funds anclthe
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the~ums secured by
<br />this Security Instrument.
<br />If the aRlOUlll 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 the escrow items when due, the excess shall be,
<br />at Borrower's option, eitber 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 t!) Leader any
<br />amount necessary to make up 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 Leader. If under paragraph 19 the Property is sold or acquired by Leader, Lender sIIall apply, 110 later
<br />thaa immediately prior to lhe sale of the Propcny 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. AppIieatio8 01 Pa~ts. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs I and 2 shall be 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 intelWt due; and last. to principal due.
<br />4. CIIaran; LieIIs. Borrower shall pay all taxes. assessments, charges, fines and impositions attributable to the
<br />~v which maw AUp:in "no"'" f\vpr '),'1; ~nrit" 11lc.'nJmrot. ~"d tpsSf"hnl(t nAvm~nt~ or l?f'ountf rpntl, if ftnv.
<br />Borrower shall pay these obliptions in the ~anner provided in paragraph 2, or if not paid in that m;;-ner. Borrower shall
<br />pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />10 be paid under this paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish to Lender
<br />receipts evidencins the payments.
<br />BorrO'Jl'er shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />agrees in writinl to the payment of the oblillltion secured by the lien in a manner acceptable to Lender; (b) contests in good
<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) secures from the holder of the lien an
<br />aareement satisfactory to Lender subordinating 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 of the actions set forth above within 10 days
<br />of the givina of notice.
<br />5. HaunlIIIIlII'IIIICe, Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insured against loss by lire. hazards included within the term "extended coverage" and any other hazards for which Lender
<br />requires ilmUlUlCC. This illllurance shall be maintained in Ihe amounts and for the periods Ihat Lender requires. The
<br />illSllnlDCe carrier providing the insurance shall be chosen by Borrower subject 10 Lender's approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be ac""I'.able to Lender and shall include a standard mortgage clause.
<br />Leader sball have the riPt 10 hold the policies and renewals. If Lender requires. Borrower shall pmmpdy give to Lender
<br />all receipts ofpaid premiUDl$and renewal notices. In the evenl ofloss, Borrower sllaIl give prompt notice 10 lhe insurance
<br />carrier and Lender. Lender may make I)roof of loss if not made promptly by Borrower.
<br />Unless Leader and Borrower otherwise lIIfCC in writing, insvrance proceed8 $hall be applied to festoralion or rep6ir
<br />of the Property damaaed. if the restoration or repair is economically feasible and Lender's !i<Xurity is not leII!lCned. Iflhe
<br />restomion or repair is not economically feasible or Lender's liCCUrity would be IesseIutd. the insurance proceedfio shall be
<br />applied 10 the -- secured by lhis Security Instrumenl, whether or not then due. with ImY ClICCIl5 paid to Borrower. If
<br />Borrower abltndonIlhe Property, or dDGS not answer wilhin 30 days II notice from tender thM lhe insurance carrier bas
<br />~ to settle a claim, then Lender may collect lhe iMlIfance proceeds. lender may _ the proceeds to repair or restore
<br />the Property or to pay __ secured by this Security 1I'5Iru_l. whetJler or not then due. The 3Q.day period will begin
<br />when .. notiee is giV<<l.
<br />UII_ Leader and Borrower otherwise qrec in writins. ImY llpphcatioo of PfOI.'etlds 10 princifl'l! shllil not extend Of
<br />pIIItponc tile due date of the montbly payments referred 10 in pIll'lIJrapml and 2 or chan~ I he IllOOlInl of lhe pilY_IS, If
<br />undtr ~ 19 IIIe Propc..'fQ' is ~wred by Lender, Borrower's right to any insvrance: pohcics IIIId PfOI.'etlds rallltinll
<br />fi'oRulamaae to the Property prior to Ihe ~uisition flhall pasllto Lender 10 lhe elltenl <nlhe slims !i<Xured I>y I hi, Socunty
<br />IMtrument immedtltteiy prim' 10 the lWqUisilion,
<br />6. rr...,'liallaad Msimt_LH DlPru,erty,I.t1l11c1l1mls. Borrower ,hllll nol datroy, damale or ,ubslllnllally
<br />dIImac 1!!Ie Propeny, allow the Property 10 deteriorate or commil \\'ule:. If this SCll.'urily Insrrumell! is on II leasehold.
<br />~1IIaU comptly wilhlhe pmvisionaoflhe '-. and if Borrower acquires fee lille to Ihe "ropert)', the leasehold and
<br />fee titWi Md not -.: 11m- Lender IlII'ft3 to the mer..,. in WOlin..
<br />7, 1"r..1__ of I.eMIr's ..... III die Prupert,; ~ I~. If Borrower falls 10 perfimn lhe
<br />~.. ~t3 oolltaiMd in tbili Sec;urity IllI1rumenl, or there is a le!!al proceedinlll hilI may si3nillclInlly affecl
<br />Lender', riPt3 III 1!!Ie PfOtNl1)l (such WI II ~Uns in oonkruplc)'. pfobale, for condemnalion or to cnfllr\;c laM Of
<br />R1U~), lIMn Lender _ydoand pay f(.... ""baWler iSI1<<'_ry tOprOlect the value oflhe Prorert)' and Lender', fI!lhls
<br />la t_ ~y, Lender', llGliOl's mllY include payifill any sums !i<Xurcd by a licin whld! hlL' I'ritlril)' over thts Socurlly
<br />lnst~t, ~mll in emlrt. paYIIll\\ rf\'~bIe lIttorneys' f_and enlerina olllhe I'rorerty to make rCplllfs. Althnujl\h
<br />Lender _y l*llGt_unde1' Ihillpaflllfllph 7.l.eoollf 00t1ll nOI have todo !l0,
<br />1\.., ~1S~"",1f by UOOln undllr Ihill JIlIflllfllph 7 shall become addllmnal debt ol'llofrowel' ~C\'lIred hy 11m
<br />lhINnty 1M<<t~fl,J, UI1~ I!kWfl)'l!iClf 4ltld Lcndef 1lJf~ 10 olber IcnDS of pllymcnl. these Ilmounts shllll hellr iflt':l~t fmlll
<br />the date of dWm~nt at the N<ltt I'Ille lInd sball he paYllbk, WIth interest, urun !lOlln' fn'lI1 I.endel h' Bnnnw<'r
<br />,...liII fll'r-nl.
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