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<br /> . UNIFOI3IV!COVENAN7S. Eotrorr�r aud Lcader oovenant a4fl a�ee as ioitow�: �.=;��-�:
<br /> � l. Paymet�t o?�rt�!a���t�s�Pre�aYffieutandLaY�Charges. Barrower shall promptly pay when due the .
<br /> griacipa]of aad inteiest an the dsbt evide�ceri by the Note sud any p�payment aa,�laxe chargea due under th�Note. �"''�
<br /> Z. Fnzd3 for T��sdl�r�nce.SubJ�t to aPPlic�ahle lau'or to a w+ritte�waiver by Lender.Bflrrower shall pay to �
<br /> � L�en�er an the day montWY FaymQnts are due wNler the Nu:e.uatii the Note is gai�in ffitll.a sum('Fsmd4')for:(a)Year1Y � � ,.
<br /> caxes and�snts which may anain priority over this Securiry Instrument as s lita oa rh�Property:tb)Yearly leasehold .�.
<br /> -�- FaYm�ats or ground reats on th:FropErtgr, 3f anY; (c)Yrazlp�haaar� or pmgerty iasw�ance premiums: (d) YearlY Etood ,
<br /> -- '�n�raa�e pre�iums, if�Y.(e)Y�lY�Se���p���,��Y; �d(�aay sums payable by 8orrower to
<br /> . Lend�r,in gccotdaace with the pmvis'soas of paragzaph S,in lia�of ths paya►�t of mort�ag�insurance p�emiums. �xes� ``,�:
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<br /> items are ca11ea1'E.scrow Items.' I.enste�maY,at�y aime,oellea and hold Fun�s in an amount nat to e�ceed the m2x9mum `.,ti�-_:
<br /> ammint a len�er for a fe�erally�1�mortgage lo�m3y re�uire for Borrowet's escmw account undsr the federal Rea! �:°::�'°
<br /> m ,;._•�„�;.
<br /> Fstate Senlement Pracedu:es Act of 1974 as amaided from time to time, 12 lJ.S.C. �26U1 et seq. ("RESPA°).unless �_a�-�
<br /> nt ---
<br /> anothez law th2t applies w the Funds sets a lesser amouat. Yf so, I.Qnslgz may,at any tims,00ltect and hoid Funds m an
<br /> amount not to exceed the tesser am�unt.LEadrs may esHmatc the amount of Funda due on tha basis of cuaent data and t
<br /> �CPON I1CD14 O70tL2IW156�D PLCOIda11Ce tV7tII S��1C2�fi8I8PJ. �,{�^`"'�
<br /> �nazble estimFtes of eApe�kitures of futuce E. -
<br /> The Funsis st�lTi be heid fn an iasdtutIon whose d�msits ar�insured bY a fed�ra�.agencY,instcumental'sry.oT entig' �'.;".-`.
<br /> �;r�3udaag L.ead�,if Leader is such aa institntion)or in�sy Fefleral Hom�Loan Hsalc. LEader st�all apply the Funds to ��____=-
<br /> � FxY the Fscro:v ltems. Le�er may not c�ag��otcower fnr tuslding auu�aPP�Y�S the Fw�ds,annually analyzing the escrow �_-:.-_.
<br /> �ecotm3,or eerifymg the E�xow Itemv.�mless I.ender pays Borrocver interest on the Fnads aud applicable law permits r ,.,;,,
<br /> %,�der to malce sur�a rharge. However, Lendu maS+iaNire Hojrour�to pay a oae-t�ne charge for an indspende�t real ` _ .�.6
<br />, c�ate tax rep+arting service used by I.ender in cunnearoa with tbis laan,unless agplicab2e law provides otherwise. Unless an � �_�
<br /> • � apeement is msde or applicable law res�nires intetest to ise paid,Lender shall not be requim,d ta pay Bomower any interest or .� _...�-_
<br /> �•:`' eamings an the F�mds. Boaower and I�sdEr m3y agree in wriring,however,that interest shall be paid on the Funds. P;:_'
<br /> , `� I.ender shall give to Barrower.withat�t�.an anaual asco�ting af t�s F�m�ta.ahowing cndits and debits to the Funds �;�.
<br /> ��+�_.
<br /> `� and the pnrpose for wLich each debia to t�e�amds was made. The F�are p2edged as a d�t i o n a l sec�ui i y fo;ai1 su� --
<br /> sectu�ed by thia Seasrity Iusttuaten� ��� ',�.-�
<br />. . Ig the Funds held by Lender exceed the am.ounts permitted to be he�d bY�r"auicable law. Lender shall ara�aunt to
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<br /> ,:�,,. 8nrmwer for the excess Fimds in accordance with the roquicelneats of ��'.��e�aw. If tbe amanut of the Fu�ID�id by
<br /> �%:�`. I.ender at any timie is not safflclent to pay ths�scrow Items wheu due.k�a�zr�aY so notify Borrower ia wrisi�,g,�d.ia �`.
<br />-,�. ! . } o �/Yil/R�'f•.
<br /> sach case Borroaer shall pay to Leader the amnunt neozssary to ms.sa up the deficiency. Borrower shall m�up the �
<br />:.!•';,,. . deficiensY in ao more than twelve monthty Fayments.at I�enc�ec's sole discretiam. �s:,
<br /> iTpon payment in faIl of all snms secured by this Securih+lnstrumeni,Leader s'�.all prompdy refnnd to Hae�osvet any �,,
<br /> Fimds�eld by Lender. If,�ra�r paragraph 21,Lender shall acqnire or sell the Propea�./,r,ende�r,prior to the ao�3s�Fon or `� ;.
<br /> � sale of the Prapeity. sball upp1Y az►Y Funds held by Lender at the 6me of asqnlsitinn or sale as a credit against the suma
<br /> :;, sccurefl by thia Se.au3ty Insuvm�t.
<br /> ' 3. ApplIra4Ion of�+yrnant�. Iiml�ass applicable law provides othenvise,all paymeats rao�ive�by I.ender under
<br /> p vac�,r�hs 1 and 2 shall Bt:appl3ed: S�ct, 3o anY P��Y�t cd�ges due uader tL�e Note:second,to amounis payable
<br /> " untl�t puagr'aph 2;tbird,ca�inteicst due;favrth,to pri�s.,,�ai dae:aad last,w any lave charges due�der the Note. _.
<br />� 5ats anA�slflons aitiibutable to the <i�
<br /> a• Cl�argev;Idens. Bomower si�all pay all tax�.c,�sessnn.nts.chuges• a i �;,:,,.,
<br /> _ pragerty whic�may attain priority over this Secarity Insuam:nt. aad leasehotd paymenta or gm�md rents, if acry.
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<br /> ' Bo�wer shall psy these mb3ig�ions in the manaer pmvided in p��2.or if not puA in thu manasr,Borrowez shell �';
<br /> paythamontimedlrattytothogersonow�dpayment.Borcowersba]I�ara�dyfumis�to�.eaderallnoticesofamountsto6t �
<br /> • p�id uader this paragrapb. ff Bocrower makes these payments dIrectiy,�nrrower�1 p'mmp uy f w n i s h to L�les re s e i p t s
<br /> . evIdencing the paymtnts. � --
<br /> Borrower shall pmmpJy dLtchargz a�r lien which Las prtorlty over tlus 5s�sy lnswm.°at nnless Bormwer: (a)
<br /> , agreas 1�wridng to the paywent of th�e obllgation secured by the llta in a mannet aoceptab2e w l�r;(b)c�ntests ia good ��
<br /> � ��` fnith the Uen by.or d�f'e4ds against enfo�emsat of the lien m,legal Fmceedings whict►in the Lt�n{gt's cpinion apeiate ro .
<br /> prtvettt the cnforcement of the liea;or (c) ser�ures from the holder of the lien an agrecm�t sadsfxWry to Let�er
<br /> � '.'•� subordinating the lten to thia Security Instrument. If Lender det�rmines that aay part of the Propesty is subje�to�a lien �
<br /> ,_.� which may atmin prlorIry au,�r tLia Seciuity�snument,Lender may give Bonawer a notice identifyfng t�e��. iBoaower ��
<br /> - "-� shall cai�t'y the tiea or ta�e one or more of the scaions r�t fo;�above c�ithin 10 days of th�p�l�1Sa oY ilo2lnt. � —
<br /> 5, g�os�toperty I�nce. Borrawer shall iceep the ta�p�wementa now rxisting or he�after erected on the
<br /> Prapestq las�r�� against loss by fire, hazarda included arithia tS�e itarm 'eatended c�ver�e" and a�► ather t�azaras,
<br /> inciudiag floods or floo�i�,for whicb Leader requirss insvrance. �tia iasutxace sha11 be maintained�n the aai�ua�.s and
<br /> for the perioda that LencS�u Eegaire,s. '!�e insvraace catrIer pmv�diug th$insuran�shall be chosen by Basow�r sab}ecs to
<br /> � l,eadts'e ap�xoval which sLall not be u�asonably withhe2d. If Barrower fai2u�c�m�tain coverage desci-�aboti+e, �... �.
<br /> l.ender u��„�tc 8.eades's opdon,obiaia coverage to protxt i�nder'���hzs ia the Propetty in acrnrdauce witD parag,raph 7. ����'-
<br /> ....��,�� All;��*r��y policles aud nnewals shall be acceptab2e to I�sr and shall i�ncluQe a standard mortgage clause. �
<br /> .. Lead�r shaU i:s:r;tis�eight to ho1G the policles and renew�Is. If Lentlrs reqinres,Bomnwer ahaU pmmptiy give ta I.endes � --
<br /> a:l te+ceipts of pacdg�mfu�xs aad n�newal notices. In the evetu of losa,Boaower shall give prompt notioe to t$e's.asurauce R��
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<br /> � c�^rtes aad L�ender. Lcu��atr may make proof of loss if not m�de PlomptlY bY Boma��r. �;:`r.
<br /> :,� Unlsss Lender a�3l�rrowei otherwise agree in wridng.insurance Pmceeds ~^� b4 aPPlled to restoratioa nr repairof �__�.
<br /> ��:'�t,,, the Praperty�,i8 the scstoration or repair ia economlcaUy f�ible aad Lender's security is not lesstned. lf the -,f�_
<br /> ��'••� a��ir fs c�u.t economieally feasiDle o� er's securcc�cronld be lessened,the ia�.crans= ruoeeds sh�11 bs �-�
<br /> �.,�,;, restoration�r p
<br /> . , a .�� ��r_'�_
<br /> �,:plied to the sums�by this Security InsU vV1�ka a�'��t thea due.with smy exc�s paid to Buaower. If �m:.,;_
<br /> . l�mow�er abanQan�.the��erry,or does aot answer within 30 days u nodoe fro�Il.end$r that the insuraare cartter has '-"``=
<br /> � �ffered to setde a claim.c�:�n Lendes may collxt the ins�ce pmoeeds. Le�der�y use the pmceeQs to repair or restore �T��p F=
<br /> ` . the Property or to pay sums secnre�by this Securlty tastcument,w�2eher or not then due. The 30-�lay perlod wlll begin ����.
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<br /> , when the notice is given. v
<br /> � Unless Lender aad Botrov�er othera�e agree in wrlting,anY w^�pi�cation of piocads to piin,.°ipsl shall not extead or �
<br /> : postpone the due date of the montlily payments refermd to in paragrapbs 1 and 2 or c�ange the amount of ths paymeats. If �`_--
<br /> ' under paragraph 21 th�Property ia acquired by Lender,Bo=rower's nght to any Insurence policies and pro�eeds resuldng ---
<br /> ' from damage to the Property prIor to the acqu�sition shall gass to I.ender to the exteat of the su�ms serlued by thio Securiry �----
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<br /> ' • Inswmem immedlately prlor to the zcquisition. , �___.,
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<br /> . Farm301d 9190 (page2oJlpageal �
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