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<br /> --�.._,,,�,�,__:�yA:� UNIFORM COVENANT$.8or�awer and L�nder covenant�nd ayree at tollows:
<br /> °"��� �, p�yn�M ot prt�cip�l�ndlntKNt;pn�W/nNnt�nd L�t�Chv�s. 6o�rowe�ehall promptly pay when dw th�
<br /> �.___ e
<br /> ���,,.�-
<br /> ..,� � prfnclpal of and i�terest on the dQbt evld�ncW by the Note and any prepayment and late charqes dua und�r th� ot�.
<br /> �� --^ licable Isw or to a written waiver by Lender,Borrower�hall pay
<br /> -=�- _- Z. Fund�lorTax��and l�unnt�. Sub�ect 10 nPP
<br /> -------�=�,.ti•T`i._ c.-�.',
<br /> =�_ _ - to Lander on th�day monthly pAymonts are due under the Note,unlil the Note ia paid in lull,a sum("Funds")eqwl to
<br /> �° 5 one-twellth oh(a)yoarly lexea and a9seesmentt whfch mey attaln prfority over thia Securlty Instrument: (b) y���iy
<br /> ,`��' ` ��-'•�• I�hold paym��ta or oraund taMs on m�Propsrty,11�InY; (c)Ytarly haz�rd in�unnce pramfums;�nd (d) y�ariy
<br /> _ -���Fi••
<br /> = morlgege insurance premiums,l�any These items ere celled"escrow items".Londer may estimate tha Funds duo on t •
<br /> •:ds,i!t;��,:�>'��_ u�� basia of cu��ent dala end reaaon�ble esumales ot luture escrow items.
<br /> �_�,,..�:��----•-- The Funds shall be held�n an institution the deposits or accounts of which are insured or guaranteed by e lederal or
<br /> ���,�7���;' state agency(Including Lender 1f lender is auch an institulion).Lender shall apply the Funds to pay the escrow items.
<br /> ?""°''`' ri'�'`�' Lender may not charge for hol��ng and epplying the Funds,enalyzing the account or verilying the escrow items.unlesa
<br /> ,.. s;.�.�.;�,.
<br /> ±?'"�a��N•������� Lender pays Borrower fnter�sl��lhe Funds and appHcable lew permits Lender to make such a charge.Borrawer an
<br /> '`' �:: � Lender may agree in writfng thAt Interest shall be paid on the Fu�ds. Unless an agreement is made or appllcabte law ■
<br /> ����������;.._. requires interest to be paid.Lender shall not be required to pay 8orrower any interest or earnings on ihe Funds.lender
<br /> �; ,����..��' • shall give to eorrower,without Rharge,an annual accountfng of the Funds showing credits and debfts to the Funds and the _�_
<br /> ,��.,.����:. •�'�. purpose for which each debrt lo the Fueds wac made The Funds ere pledged as additional security for the suma secured
<br /> ` —_ .;•:.•�--°--�^--- -- byiheSecurttylnstrume�t ---
<br /> --- �• • •� �•^� II the amouM ot thr�Funds held by Lender.together with the luture monthly payments ot Funds payable prio►to the
<br /> � ��f�"a�'��� due dates of Ihe escr4w item s,shall exCeed the amou�t required to pay the esCrow items when due.the exCess Shall be,at
<br />`s��� '� � Borrower's option.either pramplly repa�d to Borrower or credited to 6orrower on monthly payments of Funds.If the
<br /> = amount at the Funds held by lender is not sutfiaent to pay the escrow items when due.Borrower shall pay to Lender eny _
<br />-_;:��� ,� �• amount neceasa►y to make un the deticiency in one or more paymeMS as required by Lender.
<br /> �:�,r•�' A. Upon payment in IuR a1 all sums secured by this Secunty Instrument.Lender shall p►omptly refund to Borrower any
<br /> �=� ,r��;:i`����'E�.:•: Fund&held by Lender H under paragraph 19 the Prope�ty is sald or acquired by Lender,Lender shall apply,no leter than
<br /> y;:l�t .
<br /> ,�.�°� '`��r . immediat�ly prior to the sa►e of Ihe Property or its acquis�t�on by Lender.any Funds held by Lender at the time of
<br /> � .,,.,,•
<br /> -� � eppliCation as a credit egoinst the sums secured by this Secunty Inst�ument.
<br /> "�'� �� 3. AppllCatlon ol P�ymentt. Unless applicable law provides otherwise,all payments received by Lender under _
<br /> • � paragraphs 1 and 2 shell be epplied:first,to late cha�ges due under the Note:second,to prepeyment charges due under
<br /> ->'.;.'�.�_�.• L't!c�'r:�:llY�...:._.
<br /> --,i�.-�.'"= !he NDte:lhird.��Amounts payable under paragraph 2:lourth,to interest due.and last,to principat due.
<br /> - ' �`as • �. Cherqes;Lhns. Borrower shall pay all taxes.assessments,charges.f�nes and imposit�u���aiir+butabie to!hc
<br /> ;�;.��• . � Property wh�ch mey attain prionty over this Secunty InstrumeM, and leasehold payme�ts or ground rents. d any.
<br />��•'�� ' • � •� Borrawer shall pay these oblfgations in the manner provided in paragraph 2,or il not paid in that manner,Borrower shall
<br /> � pay them on lime directly ta the person owed paymeM.Borrower shall promptly furnish to Lender all noticesof amounts to
<br /> ����' � : be paid under thia parag�s�ph If Borrower makes these payments directly,Barrower shall promptly turniah to Lender
<br />.��. ` � '� ,� .. rece�pts evidena�ng the A�Yments
<br />= Borrower shall prnmptly discharge any Gen which has pnority over this Security I�strument unless Borrower:(a)
<br />_ � , ., • agreea in wnt�ng to the payment ol the obligaUon secured by the Gen in a manner acceptahle to Lender,(b)contests fn
<br /> :���,,, �*,,,,,, good tailh the Uen by.05�defends against entorcement of the�ien�n,legal proceedings which in the Lender's opinion
<br />° opernto to provont tho er.4orcempnt ol the I�en or torterture of any part of the Property;or(c)secures from the holder of the
<br /> � .. Ifen an agreement sat�sl�Ctory to Lender subordmatmg the lien to this Secunty Instrument If Lender determines thet any _
<br /> '� � , part o1 fhe Property is sub�ecl to a lien wh�ch may attain pnonty over this Secunty Instrument.Lender may give Borrower a �r��_
<br /> . 4 . �.
<br /> • - �� notiCe�denlifymg Iha�1en.Borrower shall satisiy the lien or take one or more of the aclions set forth above wrthm tUdeys ol
<br /> � � the g�wng ot noUce. r'"-
<br /> � 5. Hrt�rd Imu►anco. Borrower ahnll keep the improvc�ments now exisUng or herealter erected on the Property F�N,
<br /> �..
<br />:. =�: insured aga�nst losa by tire,hazards included within thQ term 'extended coverage"and any other hazards for whlCh �,
<br /> _ ' ..� ;;�• Lender requires msurdnce This msurance shall be ma�ntained in the amouMS and for the penods that Lendor rCqu�res. �-_-_
<br />- ' ' The insuranCe carrier ptovfding the msu►AnCa shall beChosen by Borrower sub�eCt to Lender's approval whiCh Shall not be -
<br /> unreascnAbly wdhheld `�='
<br /> �y�:.l � Atl insurance poUcies.�nd renewals shall ba acceptable to Lender and shall mclude a standard mortgege clause. �.__
<br /> '`�' ~ Lender ahall have the nght to hold the pohaes and renewals N Lender requires.Borrcwer shall promptly grve to Lender all __
<br /> - � `�. receipts of paid premwms and ronewal notices.In the event of Ioss.Borrowe�shall grve prompt notice to the insurence
<br /> " carrie►and Lender Lender may mako prool olloss d not made promptly by 6orrower Y.:._--
<br /> • ' � Unless Lender And Borrower othQrwise r�gree�n wr�Ung.insurance proceeds shal�be apphQd to restoraUon or repa�r r�=
<br /> ., • �� of thn Property damnged.it the restoraUOn or repair�s economicaUy teasible and Lender�s secunty is not lessened.N the � "'."'
<br /> ' • restoraUon or repn�r�s not oconom�ca�iY���s�bleor Lender�s secunty would be lessened.the insurance proceedsshall be � °
<br /> applfed to Ihe sums secured by this S��ciinty Instrument.whether or�ot then due.with any excess paid to Borrower If �
<br /> � Borrowor abandons the Property.or doc�s not nnswer within 30 days�noticc from Lender that the m5uranCe carner hes . .
<br /> � o otfered to sattlo a cla�m.then Lender may co�lect the insurance proceeds Lender may use the proCeeds to repeir or restore
<br /> - lhe Property or to p�y sums seCUred hy this Secunty Instrwnem.whether ur not then due The 30-day penod wdl begm i
<br /> � when thu noliCQ�s gwe�
<br /> � ' Untass Lendor and BOrrow�•r otherwisr agret•�n wnUng.any app��Cat�on ot proceeds to pnnc�pal shall not e��en 50'
<br /> � ., poslpone the due date o�the monthly payments referreA to�n paragraphs 1 and 2 or change the amount ot the pay
<br /> unde�paragraph 19 the Property�5 acquued by Lender.Borrower�s nght to any msurance pol�cies and proCeeds resulUng
<br /> from damage lo th�Property pr�Ur to the acquisd�on snall p�f55 to Lender to the extent ot the sums sQCUred by this SeCUnfy
<br /> Instrumont�mmed�+Uely pr�or to Ihe acquis�tum
<br />� g, pr�servallon end MalntQnance ol Property:LeRSeholds. Borrower shall not destroy or damage or substan-
<br />� _n__.,__.. ..w..�.......��on.rnmm�Twact�� IflhisSecuntvinstrumentisonale�asenold.
<br /> ,.-. - .. IienyCnenget�e�ruNa�iy.n7��:.�h�.,.,r...�.�:,,....�...,....-- -- •
<br /> Borrower Sh;fll tomply wilh�he provis�ons u1 theleasc and il Borrower acq:��res�Fe title to the Properly.the leasehold and
<br /> � J tee Utle shAll not mvrgf!unk•ss Le•nde�r aqrees to the;�:crqcr�n wnt�ng
<br /> 7. ProtactlonotLQnd�r'fRlqhlsinthQPropQMy:Mortgaqelnsuranee. IfBorrow��rlai�stoperformthecovi•n:�nts
<br /> � ar.d agreemontscontamed in this 5ecunty Instnimont.or there�5 a legal proCeedmg Ihat may s�qr.if icantly atlpct Lender'S
<br /> nghts in the Property(such a5 a proCeed ing�n b�nkruptcy.prubate.�o�Condemnation or to enforce L�ws or regul�tt�onsl
<br /> Ihen Lender mHy do and pay for whAtever is necessary to protect the valur of the Property dnd Lender s nyhts in 1ho
<br /> � property Lender's act�o�s may inClude paVing a��y sun.� seCUred by a hen which has pnonty over Ih�S 5a•cunty
<br /> � Instrument.appeanng m court.pay�ng reasonable,itbmeys lees and entenng on the PrOperty to makr�e�p:Urs Althpugh
<br /> Lender may take action under this paraqraph 7 Lender does not have to do so
<br /> �� Any amounts disbursed by Lender under this parag�aph 7 snali become additiunal debt of Elono�tic r secu�ed by this
<br /> SeCwrtylnstrument UnIes58orrowe�andLerder:lgrec�toothertermsotpaYme��t theseamountsshallbear�nterestfrom
<br /> ` � the cfale of disbursement at the Note rate�ind shall be p:�yable w�lh �n1Yrt�S1 upon n�t�c�° from Lrnde�tu Burruwt��
<br /> requestng paymont
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