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<br />UNIFORM COVENA NTS. Borrower and Lender covenant and agree as follows: 84 - 005933
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promplly pay when due
<br />the pnnclpal orand interest on the debl evidenced by the Note and any prepayment and late charges due under the Note.
<br />2. Funds for Taxes and InliUranee. Subjeclto applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on theday monthly payments are due under the Note, until the Note is paid in full, a sum ("Funds") equal to
<br />one-twelfth of: fa) yeariy taxes. and assessment.rwhich may attain priority over this Sa:urity Instrument;' (b) yearly
<br />leasehold pa)'ments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortgage insurance premiums. if any. These items: ar~ caUed "escrow items." Lender-may estim.ate the Funds due on the
<br />basis of current 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 agenc~' (induding Lender if Lender is such an institution), Lender shall apply the Funds to paYlhe e5crow,items:
<br />Lender may nO! charge for holding and appl)'ing 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 in writing that interest shall be paid o'n lheFunds. Unless an agreement is' made or appiicablelaw
<br />requires mleresl tn 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 Funrls,andthe
<br />purpose ior which each debit to t he Funds was made, The Funds are pledged as additional securilY ior the sums'secured hy
<br />this SecurilY Instrument.
<br />If the amount of the Funds held by Lender, togelher 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 ex=shallbe.
<br />al Borrower's oplwn, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds, 1ft he
<br />amount of Ihe Funds held by Lender IS not sufficienl to pay the escrow items when due, Borrower shall pay to Lender 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 Lender. If under paragraph I q Ihe Property is <^,;,l or acquired by Lender, Lender shall apply, no later
<br />Ihan Immedlate!y prior to the sale of the Property or its acqui",,,-,; 'p Lender, am Funds held by Lender at the time of
<br />apphcailon as a credit againSt the sunlS secured by thIS Sec\,;'~ IU...b uIncr>'..
<br />3, Application of PllYtrnlnt5, Unles, apphcable l:i" proVides otherwise, all payments received by Lenderutlder
<br />paragraphs I and 2 shall be applied: first, to late charges due under the Note; second, to prepayment charges d"eunder the
<br />Note; third, to amounts payable under paragraph 2; fourth, to interest due; and last, to principaldue.
<br />4, Charges; Liens. Borrower shall pay all taxes. assessments. charges, fines and impositions attributable to the
<br />Property which may attam priority over this Security Instrument, and leasehold payments o!' ground rents.ifllnY,
<br />Borrower shall pay these obligallons in the manner provided in paragraph 2, or if not paid in that manner. Borrower shall
<br />pay them on time directly to the person nwed payment, Borrower shall promptly furnish to Lender all notices, of amounts
<br />to be paid under this paragraph, If Borrower makes Ihese payments directly, Borrower shall promptly furnish to Lender
<br />reccipts evi<kncing the payments,
<br />Borrower shall promptly dIscharge any lien which has priority over this Security Inslrument unless Borrower. (a}
<br />agrccs In wnllng to the paymenl of the obligalion st'Cured by the lien III a manner acceplable to Lender; (b) contests in good
<br />faith the hen by, or defends agams! enfotl'ement of the hen tn, legal proceedmgs whtch in Ihe Lender's opinion operate to
<br />prevent the enforcement "fthe hen nr forfeiture of any part of Ihe Property; or (c) secures from the holder of the lien lUl
<br />agreement satisfactory to Lender subordmatlllg Ihe hen 10 thIS Seeunty Instrument. If Lender determines that any part of
<br />the Property IS subject 10 a hen wlllch may altain pnonly over this St.'Curity Instrument. Lender may give Borrower a
<br />notICe Identlfymg the hen. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br />{if the glv'ing of notice.
<br />S, Ha:ranlloslll'llftce. Borrower shal! keep the improvemenls now existing or hereafter erecled on the Property
<br />msured against loss by fire, hazards mduded withm the term "extended cm'erage" and any other hazards for which Lender
<br />requires msunmce. ThIS IlIsurance shall be maintained In the amounts and for Ihe periods that Lender requires. The
<br />m5urQJl.Ce carner prOViding the insurance ~haH De chosen by Borrower s.ubjec-t to Lender~s approva~ which shaH not be
<br />unreasonably "'!lhheld
<br />All ,nsurdnce pohcles and renewals shall be acceptable to Lender and shall indudea slandard mortgage clause,
<br />Lender shall have the nght to hold the poliCies and renewals, If Lender reqUITes, Borrower shall promptly give to Lender
<br />ail receipts of paid premIUms linG rel1t>wal ilotiCes, III the event of loss, Borrower shall give prompt notice to the insurance
<br />Cl1I'net and Lender. Lender may make proof of I~ If not made promptly by Borrower.
<br />Unless Lender and Borrower otherWise agree in wnting. illsurancep!'Ol:e.eds shall be applied to restoration or repair
<br />of the ProperlY damaged, Ii the reslOtatlon or repair is economically feasible and Lender's security is not lessened, If the
<br />festC:"3:icn or repmf ii:J nv~ ccvu(miicail, feasible or Lenacr'h sa;uriiy would be iessened. the insurance proceeds shaH be
<br />applied to the sums secured by this Secunly Instrument, whether or not then due. with any excess paid to Borrower. If
<br />Borrower abandons lhe Property, or does not anSWer within 30 days a notlce from Lender thai the insurance carrier has
<br />offered to seule It chum. lhen unde,r ma~ collcctlhe insurance proceeds, Lender may use the proceeds to repair or restore
<br />the Propeny or t" pay sums secured by thIS Secunty lnstrurnenl, ....'hether or not Ihen due. The 3D-day period will begin
<br />",'h.---. Ih........""....._..~ _.~._~
<br />.... ~._... ..."" .......-.._... -1!--' .__n.
<br />Unless under and Borrower otheI'WlSt: agree m wfllmg, any application of proceeds to principal shall not extend or
<br />postpone (heaue date oflhe monthly payments referred to In paragraphs I and 2 or change Ihe amount Oflhe payments. If
<br />under paragraph 19 the Property i; acquired by Lender, Borrower's righl to any insurance policie> and proceeds resuiting
<br />from damage to Ille Property pnor to the acquisition shall pass to Lender to the extent of the sums secured by Ihis SecurilY
<br />lnslrumellllfllmedlate!y prior l(l the acqUISItion.
<br />6, Preservation and Maintenance of Property; Leaseholds, Borrower shall not destroy. damage or substanually
<br />{'hange the Propeny. ailow the Property to detenomte or commll waste. If thl> s.."Cumy Instrument IS on a leasehold,
<br />[!on:-{;~e~ ~h3H ~~npiy With tilt; pro-viSlulls, of the tease. and if Borrower acqult~. fee titic to t he Property, the ieasehoid and
<br />fee tale shall not merge unl"", Lender agrees to Ihe merger m wriltng,
<br />j~ l~)rec!~ fJf L-e!!der.~ Riaht: in the Prnputy: i\1Vi-tp,gc htS-tiTiiilee. 11' nornrwer faiis 1,(' perform the
<br />"'WeItllnl, ..nd agreemellls contamed In lhis SecunlY In.trument. m there IS a legal proceedmg that may "gnllleantly all""t
<br />LenQ,;r's nghts III lhe Property (such as" proceeding in bankruptcy, probate, I'm condemnation or to enfon:e laws 0'
<br />regulatlO"", then Lender may' doand pay for ",halever IS ne<:es",,' r tt' prolect Ihe value 0,' f the Prop.:r,tl ~.l:qljie,r " nghts
<br />1ft lhe Propen,. Lender. actIOns may metude paymg any ,urns 'CCUled I:>y a hen whleh has pnotli,l o~& tlil~ Set'Urtl)
<br />lmtwmcnl, appearlllj!; III cnun, !"'ymg reasonable attorneys' fees and entenng Oil the ProperlY 1<" make repa"s Although
<br />Lender m.., take "'lion unde, Ihi, paragraph 7, Lcnderdoe. not have to <10 so
<br />Any al'wums d.,hurse<! by Lender under tlus paragraph 7 shall bcmme addltH)Il,d debl (If Borrower ',"cured 1>y thts
<br />~ll"ty In1trurnent Cntess flt)rrower .and Lende:T agree to orher tarns ,vf ra}'lnt'nL fh~e- ampunt... "hall bear lHtcr~1 frnm
<br />the date ot dtsbu~m .at the Note rate iind <haU he fl:1yablc~ \0\ lilt mten.....~~ upon !H'Ilt...T from I,ender ft\ Ht)rro\n'r
<br />rLoqlle'>lUllI payme:nl
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