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<br /> _r�,, . ..^�,�µ: UNIFORM C(�vENANTS Bc�rcuwer�nd Lender covenant and agrec u�i'ollow+: __
<br /> 1� p�y�eMt otPri�ciptl�nd I�terett; Prep�yau�t s�d I.�te Char�et�, &�rruwer�hull prumplly ps+y whcn du4 —
<br /> �Y��ir � �. ,.,-i
<br /> ;,. , the principal of and interest on the debt evidenced by the Noteand any prcpay�nsn�and late churg�w dus undcr thc Nntc.
<br /> , ... 2. �n�ds fa.Tu�e��ed l�cu�ace. Subject lo applicAble Ivw or tu a wcilten wnivc�by(.cndcr.{3�,rruwcr�hall pwy
<br /> r.��",' � to I.rnder on tl�e day monthly pryments arc due under the Note,umil the Note is raid in full,t�+um 1"f und�'►c4ual tu
<br /> � � �, ono-twelflh uf: (a) y�►rly taxec and assessments which may Aua�n priority o�er thi+ 5��curity In��rumrnt;lb► yrarl�
<br /> ; ,�,;� • � . errl ha�ard �nrurancc prrm�umti: anJ W 1 y�c�rly,
<br /> � �'"'"' � Iwsehold p�yments ar ground rcnt9 an Ihe Propeny, if any: lc) Y: Y
<br /> :�� `:�X='�.ric'Jr`.
<br /> , .cR�.'e�!s..�?s mortgage insurance premiums,if any.These items are c�►Iled"escmw rtemti" rnder may�wumatc Ihe Fund.duc�m thc
<br /> � 'r .:..`� 'i :`��. � ba�isofcurrent data and rwsanableestimatesoffuturr e�ruw itcm.. � -��-�Q°.—
<br /> ` '!�'•�'�'��'z�;:`''r The Funds shall be held in an ins�itulion the deposils or accrn�n�+of wh�ch ure imureJ ar guuraniced by u finierul���
<br /> ..;M'+., ._ ..,; w,., --
<br /> • sitate xgency(including l.ender if l.ender is such an insfitution). I.ender sh�ll Apply the Fund+to p•ry thc��rruw item+.
<br />. ; � I,�� p.�r•�::-:�� ' l.ender may not charge for holding and applying the Funds,annlyzing the uccount or verifymg thr r+cruw i�cm+,unl�wti n�n�
<br /> � Lender pays Borrower interest on the Funds and applicable law permits I.ender tu make+uch��h��Rr• ��`rmwe� ond
<br /> � Lender may agrce in writing that interest shall be poid on the Funds. Unless un agreemcnt �5 mude�x applicubl� IaK• �
<br /> _ _ requires interest to be paid,Lcmder shall not be required to pay Borrawer any intere+l or earnmg�an Ihc Funde.I.rnJer ----_--�—
<br /> . 'r. s h a l)giMe to Borrower,withaut charge,an annual aceoun�ingof the Funds chowing creJil.und dcMt+tu the Pundti�nd thr � — _ _
<br />- � ,Y `� - � . . . 1
<br /> � . ,,�• ' purpose for which each dcbit to the Fuads was made.The Funds are pledged a�udditianu l,rcurit>f�r t he�um�utiurcd b y �
<br /> � •• thisSecurity lnstrumrnt.
<br /> � ` If the amount of the Funds held by L.ender.together with the future mwUhly �yments af Funds payable prior tu �'=�M�____._
<br /> ° `" Ihe due dates of the escrow items,shall exceod the amount required ta puy thc e.cc�aw i�ems a•hen due,the ezcess sha11 be, �-�;rT
<br /> ' .R," � ` at Borcower's aption,either promptly repaid to Borrower or credited to Dorraucr un m�oOnrrPWer shall pay to Lender`anY . �_"=�d_- •
<br /> ' � amaunt of the Funds hetd by Lender is�ot suflicient to pay the escrow items when due, ---
<br /> amount necasary to make up the deficiency ia ane or more payments as required by Lender. _. �_.-.__._ �_
<br /> t • � Upon payment in full of all sums secured by this Security Ins�rument,Lender shall pramptly refund to Bor�ower _ _ _
<br /> any Funds held by Lender.If under poragraph 19 the Property is soW or acquired by Lender,ixnder shall apply.no later �^�
<br /> , �• than immediately prior to the sale of the Property or its acquisition by I.ender.any Funds hcld by Lxnder ut Ihe time oP w��w��_
<br /> ��.. applicetion ac a credit against the sums secured by this Security Instrument. _
<br /> - •• 3. Applic�doa of Psymentr. Unless applicable law provides othenvise,all paYments rereived�+Y 1-ender un�er ��f._��
<br /> " p ara grn phs 1 and 2 shall be applied:8rst.to lute charges due under the Nwe;�econd,to prepoyment chArges due under the, �.,__
<br /> • Notr,third,to amounts payable under paragrap h 2;fou A h.to i n t e r e s t d u e;a n d l e s t.t o p ri n c i p a)d u e. �:�.`f?.�i�;,.-
<br /> �- • 4. C�r�s;Lieas. Borrower shall pay all taxes. assessments.charger.fines and impqsitiona attribyt�ble►o the '
<br /> sse_s
<br /> • ^ � Property which may attain priorily over thia Security lnstrumen�, anJ leasehold payments ar graund rentc, iP any.� �,_....._,... __
<br />' ! Borrower shall pay these obligations in the manner provided in paragruph 2.or if not paid in that manner.�now�r shall N_ ----
<br />- ' pay them on time directly to the person owed payment Borrower shall promptly furnish to l.ender all nocires of amounts �Y �'__
<br /> ' � . �- to be paid under[his parag�apii. If Dorroucr m�lces shese paymentR direcdy.Borrowe�shall prampdy lt�mish;o t.e.mder _�_Y�'
<br /> ' receipts evidencing the payments. �r�.s:��:._
<br /> " Borrower shall prompAy discharBe any lien which has prioritY over this Security Instrument unless 8orrower.(a) �,�_;,__�,,,.___
<br /> ��`�1T('r'". :
<br /> 8 �,.. '.. +.,'._;'-_".
<br /> ,. , � agrces in writing to the payment of the obligation secured by the lien in a mnnner acceptable to�,.ender,(b)contet�ts in ood ti�{F _
<br /> ' „ faith the lien by,or defends against eniorcement of'the lien in,legal proceedings which in the Lender's apini,qn aperate to
<br /> ,r �.... +'_' -—
<br /> �:.,�:�
<br /> �? � , , prevent the enforcement of the lien ar Porfeiture oP any part of�he Property;or(c)secur�from the holder,��f the lien pn .��.���+�'•�t,:�_�--
<br /> ,; �` ogreement satisiactory to Lender subordinating the lien to�his Secunty Instrument.If l.ender determines thot any part af �,�,,�,�,�-
<br /> •-• '�'+;'•; the Propeny is subjxt to a lien which may attain priority over this 5ccurity Instrument.Lrnder may give Borrower u ,'�v,������w"'-=
<br /> � • •�-• notice identifying the lien.Borrower shall satisfy the lien or tpke anN or more of the acticws set fbnh above wi�hin 10 days ���,�,���;,__
<br /> ` • � � of the giving of notia. ' ��`s��`� "
<br />' ' � ,�.,;,� ,
<br /> S. Ha�rd lasurance. Borrower shaU kecp the improvements now existing or hereafter erected nn thc Propehy �.�t,:,,►�»°
<br /> � � � ,,'.;,,� insured against loss by lire,haanrds included within the�erm"extended coverage"and any other hazards for which Lender ;�;.�.,,.., ,,,y-_
<br /> ��; a� � ,. , �%^� roquires insurance.This insurance shall be maintained in thr umaunts nnd for the periads thal Lender requires.The 1 •.,�t't.j:._.
<br /> ;. :, . � ' • insurance carrier providing the insurance shall be chosen by Borrower subject to Lender s approval which sfiall not be ::,}�,�t,��_.,,�-_.
<br /> °`�,.� ,.,,'t�.,..
<br /> ' � ' unreasonably wilhheld. �`��'``:'�L-�—•
<br /> .ti,,,,.;....._
<br /> All insurance policies and renewals shall be acceptable to I.ende�ond shnll include a standord roonB$Se clause. ,
<br /> Lender shall have the right to hold the policies and renewals. If[.ender requires,Borrow•et shall promptly give to Lender . . ;�,=.
<br /> . all receipts of paid premiums and renewal notices.[n the event of loss,Borrower shAll give prompt notice to the insurance : :,.�'_:°�
<br /> ' carrier and I.ender.Lender muy make proof of loss if not mode prompdy by Borrower. �,
<br /> ' Unless Lender and Horrower otherwise agree in writing,insurance proceeds ghall be applied to restoration or repair _;�,L_`���`
<br /> • of the Property damaged,if the restoration or repair is ecanomicully feasible and l.ender's security.is not lessened. If the - ?-„� -_
<br /> restoration or repair is not econamically feasible or Lender's security would be les.tiened,thc inxuranc�proceeds shall be _ '. _
<br /> applied to the sums secured by this Security Ins�rument.whether ur not then due,with any excess paid to Borrower.lf ;��
<br /> Borrower abandoris the Property,or does not answer within 30 duyy a notice from l.ender that the imurance carrier hus �,,. '�'�;.
<br /> � offered to settle a claim,then Lender mny collect the insurance pmcerds.Lender may use the prckeeds to repair or restore
<br /> � the Property or to pay sums secured by�his Security Instrument,whether ar not then due,The�0-day periad w���b�8�� �
<br /> when the notice is given. �
<br /> Unless Lender and Borrower otherwise agree in writing,any arplication nf hrckreds to principal shstll not eztend or
<br /> postpone the due dete of the monlhly payments referred to in p�ragraphs 1 and 2 or change the amount of the payments.IP 4
<br /> ' � undet paragraph 19 the Property is acquired by Lender, Borrower's righ�to uny inwurance policies and proceeds resulting r
<br /> �, , from damage to the Property prior to the acquisiti�in shull pa+s t��l.enJer t.�the extem af t ha aum+�rcurrd by t h�+�rurity �
<br /> � ���` ' � Instrument immcdiatelp prior to the acquisition.
<br /> � � c� •�� 6. PreservAtionandMsdntenanceotProperty;l.easeholds. Horraa•rr+hallnatd��tm�•,damagcorsub,tantially �
<br /> change the Properly,allow the Properry to deteriorate or commit wa+tr. If�his Secunty Insirumrnt is un a Ieatiehuld,
<br /> '.•� , Borcower shall comply with the pruvisions oPthc lease,and if 13�xrow•cr aryuu�r+fcu tiUt 1.�the Pro�xrty,the leaschold und
<br /> �. � ' fce title shall not rnerge unless Lender agrees to the mcrger in writing.
<br /> • 7. Protecdon of I.ender's Ripthts in the Property: 11ortRa{te Insu�ancR. IP Burrow•cr fail� to perWrm �he
<br /> :� envenants and aereements eontained m Ihi�Serurity Inst rument.��r therc i�a legal prckreJing that may significantly�afli+l
<br /> . r_.......,�....«..�:..n.�r�n Nnfiirre �9W\O� .
<br /> . — _ . .— Lender's rights in the Propeny(such a.a proceeding in ban�rup�cy,p�•,�����, ��� ��••�•••...-..°.. .. .- _
<br /> , regulations),then Lender may do und pay fi�r whatcver�s nece+xar�•t��pratc�t thc�alu�of the Pruperty and Lendcr'ti nghts
<br /> in the Propeny. Lender's ac�i�ms muy�nclude paymg any sums ururc�i b} a l+en which hati pri��rity over this Secunty
<br /> I Instrument,appearing in cuurt,paying rea.��nable:�uurneys'fe��and entcnng on the Proprrty to make repair�.Althuugh ,
<br /> Ixnder mny taice mtion under this parograph 7,Lendrr d�nut ha�e roJ���o.
<br /> � Any amoun�s di�burs�d by Lender under thiti paragr:+ph 7 shall berame aJditirnal debt of Burrow•er+erured b��thi.
<br /> • Security Insv��ment.Unless Bcxrower and Lender agrec to other tcrm.af pa)m�nt.ih��.r am�wnt..hull bc•rr�ntere.t from
<br /> the date of disbunrment nt the Ni»e r•rt�anJ �hall Fx pa)ahlr. w��th intrr��t, upun noticc fn�m Lendcr ta Rarra�ecr
<br /> . requesung payment.
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