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<br />84 - 003473
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<br />UNIFORM COVENANTS Borrewer and Lender covenant and agree as follows:
<br />J. Payment o(Prineipal and lnterest; Prepayment and Lale. Charges, HorrO\.'er shall' promptly pay when due
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and lale charges due under the Note,
<br />2, Funds for Taxes and Insuranee, Subject to applicable law or to a written waiver hy Lender,. Borrower shall pay
<br />to Lender on the day monlhly payments are due under the Note, until the Note is paid in full, a sum ("Funds") equal 10
<br />one-twelfth of, (a) yearly taxes and a..essmentswhich may attain priority over this Securitylnslrument;(b)yearly
<br />leasehold payments or ground rents on the Pror>erty,ifany; (c) yearlyhazard insurancepremiurns;and (d) yearly
<br />mortgage insurance premiums, if any, These items are called."escrow items," Lender may estimate the Funds dueon!he
<br />ba'iis Qfcurrentdata and reasonable estimates offutureescrow i terns, '__ _" ,'_ ,> ,'___ .._"
<br />The Funds shall be held in an institution the deposits or accountsofwhich are.insured orguaranteed.bya.fed~~lo~
<br />state agency (including .Lender if Lender is such an institulion), Lendersha.ll apply the Funds to.p"y :the eSe[owiteiljs,;
<br />Lender may not charge for holdmgand applying the Funds,analyzing the account or verifY'ngtheesero",.i,iem", unless.
<br />Lender pays Borrower in1er("St. on ihc--Funds-and:-applicable-Ia~- permits ,Le,nder to ~a~e,'-such -~- c.~_~~gC~',,-~~w~,~/a?~,:-':
<br />Lender may agree in writing .hat interest shall be paid on the Funds, Unlessanagreementism"de':orllPpli~bl~.la\V:
<br />requires interest to be paid. Lender shall not be required to pay Borrower any interest orearnin~sonthe.Fun~s.~nder':::
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and de!,itst9tbe,FUI!~,~:an'nl1~:' .'
<br />purpose for which each debit to the Funds was made, The Funds are pledgedasadditionalsecuritYforthe'sumsseeuted,~y'
<br />this Security Instrument. . . . . .' .'. .>; .,', '..,,,.;',:_..,,....
<br />If the amount of the Funds held hy Lender, together with the .future monthlypaymentsof.'Fund~l'.ax"blep'ri<;>r:t(:'"
<br />the due dates of the escrow items, shall exceed lhe. amount required to pay the escrow itemswhen.duei.lbee~cess shallllei:,':,t"
<br />at Borrower's option, either promptly repaid to Borrower or credited 10 Borrower on monthly pa~e~:sof.Fu~ds;)f.tb'-:'
<br />amount of the Funds held by Lender is not sufficient to pay the escrow items when due, BorrowersbalLp"Ylo'I.e.
<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 promptlyrefU'nd,to.
<br />any Funds held by Lender, I f under paragraph 19 the Property is sold or acquired by LenderiLender sh'fl:iip~1
<br />than immediately prior to the sale of the Property or its acquisition by Lender, anyFunds.held.by'Lender.at;
<br />application a'\a credit against. the sums secured by this Security lristrument. _ _ _ _ ... :__''.-.'
<br />3. Application o(Payments, Unless applicahle law provides otherwise,allpaymentsreeeived.,bY:'
<br />paragraphs I and 2 shall be applied: first, to late charges due under the Note; second,toprepayment'ehar
<br />Note; third, to amollnts payable under paragraph 2; fourth. r'l interest due; and'last, loprineipaldue,
<br />4. Cbarges; Liens, Borrower shall pay all taxe '>sessments, charges, fines andimp()sitions.;il
<br />Property which may attain priority over this S\:curi!)' istrument. and _leasehold- -paym~nt,~ or<gr,oU'ti~Lr~n
<br />Borrower shall pay these obligations 10 the manner provided in paragraph 2, or if not paid inthatll1anriel'.;Bor~
<br />pay them on timedirec.ly to the person owed payment. Borrower shall promptlyfumish toLenderallnotices.qf~
<br />10 be paid under this paragraph. Ii n",rrower makes these payments directly, Borrower shall pf()mptlyfumish!to
<br />receipts evidencing- the-payments, _ __,_ _ _: ::' :-___:-:~-',';:,:>--:':,-;,--:,':-:-:<:-"-
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless'Borr~werH~)'
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender;(b)contesl~ingo:Od
<br />faith the lien by, or defends agamst enforcement of the hen Ill, legal proceedings wh.c1dn:lheLender's opillionop~rateto::>:,,,: '"
<br />preventthe enforcement of the lien or forfeiture of any part of the Property, or (c) seeures from the. holder,ofth"lien-'lp',<:;
<br />agreement satisfactory to Lender subordinating the Iten.lo this Security lnstrumenl.lf Lender determines that:.any..part:~(:.;. :, ' .,
<br />the Property i~ ~ubjec~ ro a lien which may ~i.ttain priority over this Security Instrument. Lemler:'_m-a_y,gi~e:,B9[IY_":~{:-~~:'::
<br />notice identifymg the hen. Borrower shaH satisfy the lien or take one_ or more of-the actions set forth :abovewi.t~i,nJ..o,q~y~
<br />oflhe giving of not ice. " . _ _" _ , _-: _ _ _ __'"
<br />5. Hazard lnsurance, Borrower shaIl keep the improvements now existingor hereaftererec.ted on.the.Pf;or~i't.Y,
<br />insured against loss by tire, haLards induded wubin the term "extended coverage" and,any other hazan]sJocwl:t_!_c.;ij4~~~4::-f~
<br />requires Jnsuranct;_ This insurance ~hall be maintained in [he :.lOl,ounts: and for t.he__perinds ,that- ,Under,-reql)jr:~si::.rb:~-,."
<br />insurance earrier providing the insurance shall be chosen by B,orrower suhject to Lender'S-appro'vaLwh,i.c'-h-:~halrhqCb~..:, .
<br />unreasonahh,' \-\'ithheld. _ -
<br />All II;surancc policie, :lnd renewals shall be acceptable 10 Lender and shall include a standanjmortgag~,,:l~~,e,.'
<br />Lendershallhave the right 10 hold the policies and renewals. If Lender requires, Borrowershallpromptlygivetol.,e.J),d~r.
<br />all- recelpt.s of paid prl'miums and renewalnotJces. In the _event-of loss. Borrower shall give_ promprl~o~ice to lh~,insl1r:aric;.e-<:
<br />carrier and L.;nder. Lender may make proof oflO-ss ifnot made_promptly'by.:Bor:rower.
<br />Unless Lender and Borrower Ol.herwise agree jn,wriling._jnsuranc~ proceeds shaH be applied-{o'rcstt)r-~Wj~:Qt':repair
<br />of the Property dama,ged. if-the restoration or repair is economically feaScihlc and Lcrider.'s sccu~ity is -nqt'-Jessened,:.-Jf-r-he
<br />restoration or repair IS not economicaHy feasible or Lender's security,\yould be,lessened.--thc' insurance pr()(,'ecqs::shall)?~~.
<br />applied to the _~ums se~ured by this Sei:urity Instrument, whelher Of 110t then due; with_any'ex,cesS:p~id _toBqftO\VC,r..-tf:'
<br />Borrower abandons lht, Property, or docs not answer within 30 days a notice from Lender-that the.ins,urance carrier has
<br />offered to s.el1le a claIm, then Lender may collect the insurance proceeds, Lender may use the proceeds to repai{dr restore
<br />the ,Property or to pay sums sc~ured by this Securlty Instrument, whether or not then due. The 30~day ped()d will begin
<br />when tht' notice is Lllven
<br />Unless L~nder a~J BOffO\\'er otherwise agree in writing, any applicatIOn-of proceeds to.principid,shalI-not cxt'eiid.-or
<br />postpone the due date of the rnuHthly payments reJerred to in paragraphs 1 and 2 or change the amount ofthe_pa)'tllcnts. If
<br />under paragraph 19 th? Property is acquired by Lender, Borf('\\o't'T\; dght to ailY insurance- polic,ies and pn)ctcds,rCsllhing
<br />rrom-damagc to the Property prior to the rh::4uisition ~hall pass to Lender to the t:;li.tent or the sums st:l:urcd by this Security
<br />Instrum(:lit immediatdy prior to the acquisition,
<br />6. Preservation and Maintenance of Property; I..eascholds. Oorro\\'~r ...hall not deslroy, damage or substantiillly
<br />change the Property, allow thc Property to dett:riorate or conrmil waste. If lhi~ Security InstrumcfH i~ Oil a lea~chold,
<br />Borrow(~r shall comply Wll h the provi~iuns of 1 he lease, and if Borrowcr acquire<:- fce- I ill..: tn the: Properly, tilt: ll'.l~chold ,and
<br />fee titl~ shall nO! m(,.~rgc unless Lender agrees 10 the merger ill writing.
<br />. 7. Protection of Lender1s Rights in the Property; :\-Iortgage Insurance,. If Borro\.\'t.'r faib to perform tht':
<br />covenants and agrecm~nts contained in thi~ Se...:urity lmarumenL or there i....J kgaJ prucct:ding that flIay ~igllilkallf Iy atfcl't
<br />Lender's r'lghb in the Properly-(such as a proceeding in bankruptcy, pr,)bah:, for I.:ondcmn~llj(ln Of to cnfon.;..;' lav.'~ ()r
<br />regulati()n~), then Lender may do and pay for whatt..:ver is nc-ccss~ry It) protc1..'t th~ \':i!Ut' of the PrOpi.Tt) ;i!lJ L~lH.lt'r\ right~_
<br />in the Property, Lcnder's ac.tions may inc:lude paying any 'Sum~ :.-\,;cufcd by a lit'll wbi~h has. priority tl\'er Ihi.'S Sc(:urily
<br />Instrumct\f. appearing, in court, paYing l_casonablc ;Htorneys' fct'~ and t:ntt:ring "ill tht': Properl..... tll m.ak<...' repair~, Although
<br />Lendt'r may takc adion llndt-r-this paragraph 7, Lender tin!:" not han: 10 do ~L';,
<br />Any ai'nQ\1nts disbursed hy Lender und~:r tlus j1Jf;jgr;J.ph '7 shull b-('~~,lmc addltll'nai d,,'bt l'( B(lJ'H.1\\,('( "l:;,:ured hy rb'l~
<br />Stturity Instrument. Ul\le~s. Borrower and Lender agree to {.11:hcr tc-rnl~ of p-aymel1l. these anwunh ,tun bG\f iJ:\-!Cl'c.\: from
<br />the-date of disbuf~emeJ\t at the Note rale and ~hal1 he rJyab-k. wilh tnkn::S!~ upon nnill'e rn,ln L~>rH.kr t,) Befrfj\\-Cl
<br />reque-S'ting paym~nf.
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