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<br /> UNIFORM COVENhNT9. Bortower and Lender ravenant and ndrea ao lollo+vo: _
<br /> - � t, waymenit of�rinulMu) a���i Ir:V�VV�1��='p-���="�� ��d ��!e �NavQe�. k3oncwcr ahnll pramptly Pay whcn duo tho . ... --_ --— .1_• -_
<br /> � pnnc�pnl ol nnd Interasl on�ho debS evldencad by tho Noto end nny prepayment end lete cherpee due under the Noto. _
<br /> I 2, Funde 40�Taxen and Inou►anee. uubJeet to npplicublo lew or lo o wrltten walver by Lender, Borrower ohull pay to Londer on '
<br /> ' + the d�y monthty poyments aro due unde►tha Nolo, unlu the Nnla I� ptld In full,e sum('Funda')for: (e) yeA�ty taxea end aisaesementd which :i;�i
<br /> � may altain prirn�iy over this Sea�rity Inatrumont aa n Gen on Iha Property; (b) ycariy feneohold paymonta or pround ronts on the Proporty,
<br /> �I any:(c)yenriy hazarJ or proparty Insuranco premtume; (d)yearly 800d Inaurance�remlums, II eny; (o) yeariy mortpapu Insurenea pramluma, _
<br /> � � i1 c�ny:nnd(0 nny sums payable by 6ortowar ta Lander, In accord�nco with the provlelone o1 pareg►eph 0,In Ileu oi the payment oi mortgago ;
<br /> � '`'� Insuronco premlums. ThQSe item�ara called 'Eacrow Ilema'. Lender may,nt any timo,co�eot and hold Funds In en emounl not to exceed � '.
<br /> �" the mnximum amount e londer for e tedernlly reteted mortgape loan m�y requke tor Borrower's escrow acoaunt under tha tederel Real
<br /> � Estatu Senlement Procedures Act of 1074 es amended irom tlrne to time, 12 U.9.C. �2801 et neq. ('RESPA'), unless another law that appliea to
<br /> � the Fund9 sets n lesaer amount. 11 ao, Lender may,et any time,collact end hold Funds In an emount not to exceed the lesser amount. Londer A• .: _`;
<br /> mc�y estimate thn amount ol Funds dua on the besla ol current d�t��nd renaon�ble estNr►�tea ot expmditures of future Eserow Itemu or othcmdsa , .,,�J.�..
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<br /> in ateovdanca wilh t�ppllCehle IdW. �'��_=---
<br /> The Funds shail bo held in an tnstitution whose deposfts are Insured by n teder8l eflency� lnstrumentulity, or entity pncluding Lender II Lender ,..;,s;_------
<br /> , is such an institutton)or In any Federal Home Loan Bank. Lender shali appty the Fundn to pay the Esctow items. Lender mey not aharpe ;tt���z�_
<br /> Borrower lor holding end applying the funds.annualy anelyting the escrow nccount or vetltying the F.scrow Itema, unless Lender pAys Borrower ;,•�+,,�r,(.___
<br /> interest on the Fu�ds end applicable law pertnite Lender to meke auch a charge. However, Lende► mny requlre Barrower to pey n onatlmo cherge :"�'���vY-__
<br /> ° for an i.�dependent raai estztE tax reporUng servlca used by Lender In connectlon with thla loan,unlase appllcable law provides otherwise. Unleso ��.V
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<br /> �� an egreement Is mada or epplicable law requlres Interesl to be paid, Lender shau nol be reyuired to pay Borrower any Int�rest or etsminge on tho —_;_!.i _
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<br /> � Funds. Borrawer and Lender may ac�ree In wridng, hov�e�rer,thet lnterest shatl bo pald on the Funds. Lender 8ha11 glve to Borrowa, wilhout
<br /> •� ;. ,�•.. charge, an annual uccounting ot the Funds showing aedite and debtts to the Funds and the purpose for which each debit to the Funde �csY";
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<br /> :' ' '� � was made. The Funds are ptedged as addftlonal security 1or all aums secured byI�bio�w„Lende► he I account to Dorrower for tha excese ----
<br /> il the Funds held by Lender exceed the amounte p8rn�tled to be held by epp
<br /> Funds in accordance wlth tha raquirements of eppficable iaw. 11 the amount of the Funds held by Lender at any time Is not suffident to pay the
<br /> " ;`� Escrow Ilems when due. Lender may so notity Borrower In wriUng,and,!n such case Bortnwer shall pay to Lender tho amount necesaery to make _ v _
<br /> " ., `�� up Ihe de�ciency. Borrower ahall make up the detiUeney in no more than tw6Ne nonthty psymcnt�,at LCnder'e sole discrullon. ----- —
<br /> �� Upon payment in tull ot all sums secured by thfe Seeudry Inatrument, Lender atiaY promptly►retund to Borrower any Funds hel�b Fu ds held
<br /> _—� under paragraph 21.Lender shall acquire or sell the Properly. Lender,prior to the eicqulsNlon or sale o}the Property,shail epply y , .
<br />— �y«��d�,�t ;;;� t:Tg�1 gr���leltlnn nr cnis as n credit aaaNst the eums aecured bythls Secudly Instrument.
<br /> � # 3. AppUcatiom of Psyments. Unless appUCable iaw provides otherwlse, eA payments recelved by Lender untler peragnpi�s i and 2
<br /> :�,:(,:,,;; she!be epplied: first,to any prepayment charges due under the Note; eecond,to emounte payable unda paragreph 2;third,to Ntiterest due; .
<br /> •� ��'}' founh, to principal due; and last,to eny luto charge�due under the Note.
<br />' �� 4. Cha�ges; L1e118. BoROwer ahall pay aA taxas,aasessmenta,charges, fines end imposftlons ettdbutable to the Prope►ty whlch rtu�y ,��_
<br /> . attein prbrity over thls Securtty Instrument,and leasehold peyments or ground rCntas.H any. Borrower shtll pay thesa obiFgallona in the manner .�';:�;
<br />- ;,;�,,;: ,, provided In paragreph 2, or if not paid In thet mane�er,Bortower ehell pay them on tYne ctrectly to the person owod payment BOROWEf 6FIaN =�;,_;
<br /> " ' "'''� • promptty lumish to Lender a11 notices oi amaunts ta be pekl under thla paragreph. It Bo�rower makes theae paymenta dfreciy, 8orrower
<br /> � .''t�;•:����� she�pramptiy(umish to Lender receipt�ovidencing tho payments.
<br /> h � � Borrower ahell promptty discharge any Uen which has prlority over this Secwity Inatrument unlese Borrower. (e)agtees In writlnp to the pay-
<br /> � � menl of ihe obligation secured by the lisn In a manner acceptebte to Lender, @)conl8ste in good telth the Ilen by,or defeada ageinst entorcement
<br />�,;.r;,�... .-,� ot ihe lien In,legal proceedings which in the Lenders opinlon operate to prevent the enlorcetnent ot the Ilen; or(n) secures hom the holder ot the ��„-
<br />-- '-"�;`�' lien en agreement setistactory to Lender aubordinating the Den to this Socudty Instrument. I}Lender detertninea that eny part oT the Property la
<br />—`�"' �4��}"•'' subject lo a Ilen which may attaln prioriey over this Sacudry Inatmment, Lender may gNe Borrower a notice IdenUfying the lien. Borrower ahaN
<br />=�`���j},��'�° setisy the Iien or take one ar more ot the actions set torth nbove withln 10 d�ye e�1 the gfving ot notlae.
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<br />�,_ , . ,-. 5. Hazard or P�operty Inaurat�Ge. Barowa ahatl keep the Improvernmte now exlsttng or hereafter eroctcd on the Prope�ty nsure
<br /> 4� '���;"" against loss by Ore,hezards Included withln the term'extonded coveraye'and nny othcr hezards, Including floocAs or 11oodUip, tor whlch Lendor
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<br /> •> �•�� requlres Insurence. This Insurenco sheil be malnteMed in the emounta and tor the periods that Lender requires. The Insurence certier provlding
<br />='LL•::���{°� `�t• tho Insurence shatl he chosen by Boirowor subJeot to Lendet's a.pproval which shatl not be unreasonuby wkhhe!d. if Borrower faila to mafntaln _ —
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<br /> �'->��%Y�=��•� corerago descdbed ebove, Lender may,et Lender'n option,abt�in eoverege to protect Lender's dghtn In tha Property!n accordence wflh
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<br /> i!"'�;'.:h4"�.. ' pa�graph 7. - -----
<br />_;;;.s'!�� .. All insuranca polide�s and renewals shall be acceptable to the Lender nnd shall includa a atandard mortgage ciause. Lender ahnll hnve the _ —_ —
<br /> -�' ��rn��.• righl to hald the policles end renewals. If L¢�der requtras,Bortower shall promptfy glve to Lender all receipts ot paid premlums and renewal _ —
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<br /> ;�r ,��f���:,�.j�;. . nolice::. in the event oi loss. Borcower shell gNo prompt notico to the insurance cartier nnd Lender. Lender may make proof of losa It nol msde --Y �_—�-_-
<br />_ . . � pramptly by Borrower.
<br /> - Unless Lender and Borrower otherwise agree tn writing,tnsurance proceeds shall bo applied to restoratlon or repalr ot the Propertyr damaged�If �'�'�"��
<br />�- � the restaration or repal�Is economlcally 9easible and Lender's secudry Is not lessened. If the restoratlon or repalr lo not econoMcalry feasible � 'T�.
<br />- -`��• ' or Lender's security would bo lessened,the Insurance proceeds ahah bs applled to the sums secured by this Securtry instrument,whether or not , r if���`
<br />_ .:Y,,•„�-;;1,.. ;, Y ,��,�.�,- .%'{ �
<br /> �'%,>�J:��.•; , then due,with eny excess pald to Bortower. If Bortower abandon9 the!'roperty. or does not answer wilhin 30 dn s a noflce irom Lender thet the :•
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<br /> ;;�+''.' insurance cflrder has oftered to settla a claim,then Lender may colleot the inaurance proceeds. Lender may use the proceeds to repalr or restora •.�!r;''�.±3k.',��.;'.•
<br /> �� `•���"� t he Prape r ty or to p ay su m s s e c u r e d b y t h i s S e c u r i ry I n s t n�m e n t,w h e t h e r o r n o t t h e n d u o. T h e 30-da y perfod will be gin when the notice is gNen. � ���:,*
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<br /> " Unless Lender and Bonower othenvise agree In writing.eny appllcaUon of proaeeds to principel sha11 not extend or postpone tho dua dato �,.:�,�.,::•.,�
<br /> :,;t;�t;_ � ol lhe monthiy payments referred to in paregraph 1 and 2 or chenfle the amount ot tho payments. If under paragreph 21 the Property Is ,;,: `��;� �
<br />-_;e;�:•:;.:;. � acquired by Lender,Borro�ver's rignt co ony(nsurance poucles and proc¢eda resuttH�g 1rorr�dertwgo to ihe Property pdor to the icqutsfUon u�:p).�;., .
<br /> ;;,:�.- _ �nan �,ass to�ender to the extent o!the suma secured by this Securiry Instrumes�t Immedktety psta to the acqulsition. ���I "
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<br />= s. Occupancy. Preservation, Maintenanae �nd Protectlo�i ot the Rroperiy; eorrower's i.oan wppncm��..., - -_- --_-
<br /> - Leasellalds. Bonower shall occupy. esteblish,nnd uao tho Property os Borrower's prinCiptil residence wi2hs� sixly days nfter the execuUon ot
<br /> - � th�s Security Instrument nnd shell continue to occupy Qhe Property a8 Bortower's pdndpal residence for at least one year etter lho dnte of
<br />— occupanr,y, unless Lender othenvise agreos ln writing, whlch consent shall not bc3 unreasonabiy withheld,or unless extenuating circumstances exist
<br />— wh�ch+ ore beyond Bonower's control. Botrower sheV not destroy, dnmage or Impalr the Pruperty.nllow thu Property to deteriorete, or commit
<br /> . waste on the Property. Borrower shali be in dofaup If any forfeiture actfon or proceoding, whether cNil or criminel, I�begun that In Lenders good
<br /> ' in1e�r.����e��� Pnpc 2 0l S Fomt 3028 9(90
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