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<br /> ,.,�4�,�,„ �, � UNIfORM COVENANTS Borrower and Lender covenaM end apree o�lollowe __._
<br /> • 1. P�ym�nlotPrinolpd�ndlnt�mt;Pr�paymtMandL�bChu�n. Barrowershallpromptlypeywhenduotho
<br /> "" p►fnc�pal ol and intereat on the debt evldenced by the Nole end any prepayment und lete charges due under the Note.
<br /> �� � ���,. Z. Fund�IorT�xa�nd In�urmw. Sub�ect to appl�cebla law or to a wniten wawer by Londer.8orrower shellpay
<br /> ' � � to Lender an the day monthly paymenle ere due under Ihe Nole,until ihe Nole�s pald�n lull,a sum l"Funda")equrl to
<br /> - - -""='"'--- - ono-twotfth ot,(a) yearly taxos nnd es�ensmeMS wh�ch may Atte�n pr�onty over this Secunly Instrumenl. (b) yearly � ����
<br /> -- � �, r r�� (��Nhold paymsnt�or q�ound r�M� on th�Property.If�ny; (c) ye�rly hax�rd imurance premlums;end (d) y���ly
<br /> �, . ' ,f5�+�"...
<br /> • mortgage Inaurance premiums.�I any.These Itema are called"eacrow itemi' Lender may estimate the Fundt due on the
<br />�_ � basis ot current data and�easonable eslimates ot future oscrow�tems =--—
<br /> � ' � � � � TheFundsshallbeheld�naninstitutionthedeposdaoraccounlsolwhichareinsuredorguaranteedbyalederalor
<br />� � , ' state agency(fncluding Lender II Lender is such an institut�on) Lendei shall apply the Funds to pay the esciow items. P`
<br /> Lender may not charge for holdmg and applying the Funds.analyzing the account or ver�fyfng the escrow Items,unless
<br /> . Lender peys BorrQwer interest on lhe funds and appl�cable law permits Lender to mAkQ such a charge.Borrowerand _.��_...__
<br /> ` " I.�ender may agree In writfng that�nterest shall be paid on the�unds. Unless an agreement ia made or applicable law
<br /> ° requhes intereat to be pa�d,Lender ahall not be requlred to pay 9orrower any�nterest or earnings on the Funds.Lender -_�R�
<br /> � � shall give to Borrower.without charge,an annual accounting ol the Funds showmg cred�ts and debila to the Funds and the �� � _
<br /> purpose tor which each debft to the Funds was made The Funds are ptedged as additional secur�ty for tho sums secured
<br /> : • � . � by the Secunly Instrument. -
<br /> r If the amountof the Fundsheld byLender,logether w�ththetuture monthly paymenls ol Funds payabte pnor to the ---.--
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<br /> due dates of the oscrow items.shell exceed ihe amount requued to pay the escrow rtems when due.the excess shall be,at �,=y _ __
<br /> u Borrower's option.either promptty repaid to BorrowRr or credded to Borrower on monthly payments of Funds.If the �i.-_�
<br /> � ' amount ot the Funds held by Lender�s not su(fiCient to pay theescrow rtems when due.Borrower shall pay to Lenderany �,.,.,,�_. +�•`�
<br /> amount necessary to make up the det�aency in one or more payments as reqmretl by Lender � •
<br /> Upon payment in lull ot all sums secured by this Secunty Instrume�t.Lender shall promptly refund lo Borrowerany �;�.��`
<br /> ..'��� `� Funds held by Lender.It unde r paragraph 19 the Properly is so l d or acquired by Lender.Lender shall apply,no laterthan r��?;��
<br /> ,. •`"..`,
<br /> immed�alely pnor b the sale ol the Properly or rts acqwsitiun by Lender.any Funds held by Lender at Me time of [:�:,'-j,=•=�
<br /> ' application as a credil against the sums secured by Ihis Secunty InstrumeM I��F`��=;�
<br /> - . �� •� 3. Appllclltlon ot Psymenls. Unless applicable law provides otherwise.all payments received by Lender under � _ -
<br /> ,,.`.' �" paragraphs 1 and 2 shall be appUed�hrst,to late charges due under the Note.second,to prepayment charges due under �-•-��---• --
<br /> .,`, „ [e�i�
<br /> , '•�'";' • the Note:th�rd,to amounts payable unJer paragraph 2;(ourth.to interest due.And last,to princ�pn!due. .----
<br /> ,:�c, ° 4. Char es;Llens. Borrower Shall a all taxes,a8seasmonts.chAr es.lmes and impos�UOns altributable lo the �•`��_ -;
<br /> . q P Y 9 u.�..�,ry
<br /> , �•.; .. • • - .�-���-
<br /> �:,_.����•� � � Property which may attain prionty over this 5ecunly Instrumont. and leasehold paymc�nts or ground ranls, d any. �_—'`""-
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<br /> '��•'��'� �'' Borrower shall pay these obligel�ons in the manner provided in parAgrA ph 2,or if not peitl in that manner.Borrower si�aH __
<br /> ;.;.,.;... . .
<br /> pay them on time directly to the person owed payment Borrowur shall promptly lurmsh to Lender all notices ot amounts to �� ��.tif,�_
<br /> ����. �'��I;� 6e paid under Ihis paragraph. If Borrower makos these payments duectly.Borrower shall promptly lurnish to Lender 'r��� ---
<br /> , ��i�_ . v, .,�., ;::.
<br /> rece�pts ev�dencin g the pA ymRnts � �.'�'a�`"`
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<br /> Borrower shall promptlydischarge any lien wh�ch has prionty ovar this Securrty Instrument unless Borrower (a) }��;+v.�'�fj���:;�__
<br /> ��.'.,,. • agrees m wnUng to the payment of th�obhgation secured by the I�en m a manner acceplAble to Lender.(b)contests in ' ' " • ;�=,+
<br /> ,, .. good laith the hen by,or defends agamst onforcement ol the hen m.Iegal proceedings which�n Ihe Lender's opm�on
<br /> operale to preve�t Iheenforceme�t of the lien or lorle�turr ot any partof the Proporry.or�c1 secures from the holderaf the ` �••� :'x'�-�=----
<br /> Ifen an agreement setisfactory to�endor subordinating the lu�n to this Security Instrument If LendQr determ�neSthet any ��"_�
<br /> r... .��,�-
<br /> � pert o1 the Property is sub�ect toa lien which may attam pnontyovrr this Secunty Instrumenl.Lender may give Borrowera �.�,.�«y••:�•. ___`� _ _
<br /> �, " notice ident�ty�ng the ben Borrower shau saUsly the hen or tTke on�or more o(the Achons set lorth abovewithin 10 days ol � ?��• a�::-_-.-_ ��
<br /> ; ,r� -
<br /> the glving ot noUce. ±, • ,. :_.
<br /> B. Haiird Insu��llce. Borrower shall keep Ihe improvements now ex�stm9 or hereatter erected on the Property '. '•":�:•
<br /> , , insured aga�nst loss by hre, hazards included witnin Ilu�t�rm extended covc�ng�"and any other hA2atds for which � • :- _ j_=
<br /> Lender�equ�res�nsurance T his�nsurance shall be ma�Mained�n the a moums and lor the penods that Lender requ�res �
<br /> ' � � The�nsurancecarner providing t he msurance shnll he chosen by Bo►rower sub�ect to Lender'S approval wh�ch shall not be � '��-�
<br /> • unreasonably wtihheld C :,�;�`'�.'
<br /> , , All insurance poliaes and renewals shall be acc�ptable to Lende�r and shall�ndude»standard mortgage clause � • ..�`
<br /> ; ,,�;__
<br /> .;}.�� Lender shall heve Ihe nght to hold the pohcics nnd renewals It Lender reqwres.Borrower shAll prompNygwe to Lenderall � : , _
<br /> receiQts of paid premiums and renewal noUces In 1he event ot loss-Rurrower shall givo prompt not�ce to the msurance �' `
<br /> �;-_
<br /> i Carrier and Lender-Lender may make pioot of loss if not made promptly hy Bo�rower f. , -,�-�
<br /> UnlessLenderandBorrowerotherwiseAgreeinwritmg.insurancepror��t!dsshallhet�pphedloresforat�onorrepau � � "�;-`
<br /> i- 01 the PrOperty damaged.if the ri�sloralion or repa�r is economically foasiblo and L i�nder's secur�ry is not lessened Ii the r �'�
<br /> � �• restorati0n ur repdn is nol economically feasible c>r LonA�r's secunty would be Irssvn�d Ihe insurTnce proCeeds shall be ;
<br /> f .
<br /> epphed to the sums secured by this Securdy InSUumc+n� whr.ther or not thrn dur-w�th any i�xcess paid to Borrower N
<br /> � Borrower abandOns the P�operty �ir dovs not answor wrthm 30 Aays a notici�Ir��m Lander that th��insurance carner has
<br /> oHered to setlle A Cla�m then L��ni7or may rollect thr.msu�anCe proC�eds Lrnder m.�y uso Ilie proceods to repa�ror restore
<br /> the Property or to pay sums socureA by this Seciuity Instrun,rni wht�Ihrr Ur ntil�hon Aui' Th�30-day penod w�ll begin
<br /> , when the notice is given
<br /> ' U�Iess Lender and Bor roworoth��rwisi•.iqrr�•�n w��t��,�� ,�ny.�ppl ii:d�on ut p�o�:rods tu pr�nr.ipal shall not extend or •
<br /> postponetheduedateot thE�monthly paymrnts�r•Iorrt��1 tu�n paaiqr.�prr,t.�nd?c���hanqr thr,imount of tht�p�ymenl5 II
<br /> • undc�parngrapht9thePropt•rly�tiacqunodnyl��nd�r Borrowei5nql�ttu,�nv�n•„u.uirrp�Nicies:jndproCec�dsresult�ng
<br /> ' Irom damt�qeto th�Property�vior to tho:ICUu�sdi��n tittan p�5stu l��ndi•�In 11ir��xtrnt ul Ilio sums si�CUr�d by this SeCUrdy
<br /> Instrument immediately prwr lo thr.icqu�sdiur�
<br /> 6. PresQrvetlon and MalManance of Properly:Leaseholds. I��,nuw��� tihau nu1 drstri�y ur r1;tm:►yo ur yubstdn-
<br /> = IiallychangelheProperty.allowthoPrOp�'r�yt�td�'t���nn�lh���f('��tltl�utN'.Itil�• II11LtiSotll�ilYlnyt�ll�I1��f11�ti�111.U��:ISrhulA
<br /> Borrowershallc�mplyw�thtli��priwitiutnsofthrli��is�� 1��di1[�r�tnwr�.��Uui���st����bU��lutlirPri�pv�ty R�rl�•:tsrhold ;l��d
<br />. .� ....�.. � r.,n,.,nu.,na,.�n wi�hnn
<br /> . _.-...'. -.- "' iCHlliicJiin:i��v:�a.iy:.:::::"i::...'...._.'.:_.`� :':'_._ . . .
<br /> 7. ProtectlonollendQr'sRlqhtsfnlheProperly:Morlgaqelnsurance. itf�u��c,wrr�,ni�.t������rt���mu,�������n.mis
<br /> � and agreements Contamod in Ih�ti 5eciu�ty Intitiurnrnt ur R�rm��.I lrq.tl prui���+ci�nq th.rt m,�y Si��nd�r,�nlly,�Rrrt l rncl��r s
<br /> ngh�s�nthe Property Isuch:tsd prni.ei�ding m bankrup�cY ��rohatr 4,r cundt�mn.itwi�nr t�i�ml��rrr I.iws t�r r��qul.�Uc�nsl.
<br /> lhen Lender may do and pay lor whal�vrr�s nrr.css.iiy tu protrct tr���valui�ut t��i�F�ic�prity and L i�nd��r ti nqhts�r� Ihr
<br /> P�OP@rty Lenders act�ons rnay inClud� l�•�y�nq any tiu��.: Si�cumd bV •� hrn whicn h.ls pn��ntV n�•e�r Ihiti ti�•rurdy
<br /> Instrument.appeanngincourt p:�ymgi�.isunable.itlwn��yti Ic•rs.�nde�nt��rinqunt�u�l'rqpr�rtYt��m;ll.rn•p.ins Alth�.ugh
<br /> Lender may take action under th�s parayrapn 7 Lender Aors nut have•t��do su
<br /> Any amounis disbursed by lendcr under Ih�s p.uaqraph 7 s��au hecu�»r aAd�t�on;il�fe�n�or Elo����wor 5rc���r��ny uus
<br /> Secuntylnstrument UnlessBorrowerandLend�raqrt�etoothe�te�mscifp.ryme�nt Iheseamountsshauhrar�nti�r�+slfrcun
<br /> t Ihe ddte of disbursem�nt�it fhe NofP r:71P:�nd Sh;�ll ho p:lydMv with in��vrtit u(wn nul�i.r 1r�xn l i•n�trr tn fiunc�V���r
<br /> � requestng payment
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