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UNtFORM OOV8NAN7'S. HO[tOwCt ~tld T.qidCt OOVquult ~Ad i?l~ita ai fo~lOWS:
1. Ps~m~t o! PriociMl ~ad I~terat= ~t aa~d I.ste Ctiar#p~.. rrower abat! promptlY 1~Y ~hen due
the principal of and interat on the debt evidenc~d by the Note and any p~a~d late due under the Note.
2. I~wb f~ Ta:a sMl Is~aranee. Subject to applicsbk iaM or to s wnttai wuva~~r. Borrower ahai! pay
to I.ender nn the dsy montbly p~ymeats ue due under the Note, uutil the Note is psid in full, a swn ("Funds") oquat to
one•twelfth of (a) yariy t~uca ~d s~essmenta whicb may :ttain priority over this Security Inatrumeni; ('b) Year1Y
la~sehold psymenta or ground rents on the Property~ if ~ny; (o) Ye4rly hazsrd inaurwtx premiums; snd (d) yariy
mortgage inauraac~e pre~niua~ if any. Theae iten~s are called "eacrow ite~na." Lendcc nnry estimate the Funds due on the
bssis of curnat d~t~ and trasoneble eatlmatea of fl~ture eecma? itexns.
Tbe Funda a!u!l be held ia un iastltutla~ the deposita or ~ccouat~ of which are inaurc~id or guArantad by a tedenl or
state ageacy ('including IraKler if L~nda' i~ tuch ~n inatitutlaa). I.znder :hall spply the Funds W pay the esc~+ow itans.
I,eri~r auy uot charge for holding and ~?pplyiaa the Funds. +inalyzing the account or verifying the ~cmw items, unlesa
I.a~der psys Homower inte~+est on the ~ ~urd.spplic~bk law penpita Lender to ~aalce aucb ~ charge*Barrowa and
Z.aFder may agra ia ariting that wte~eat ahdt be psid o~ the Funda. Unle~ au ssramcnt ia made or appUc~bk faw
requins iatereat to be pai~ I.ender alu~U aot be required to pay Borrower aay interest or eamings on the Funds. La~d~r
shsll give to Hoirowar. without ch~rge, aa ~trutual aooounting of tbe Funds ahoa?ing crodita and dcbits W the Funds sad tht
gurpose for which each debit to the Fund~ waa m~de. Tbe Funds are plodgod sa additional socurity for the'aucas aecurod by
thts Security I~trume~t. ~
If the amount dtha Funds held by L~ender, togethec with the futtue monthly p~yments of Funda piyable prior to
the due ds~tes of the eacrow icaas. ahaU e~[aed the amouAt noqe~ired to pay the escraw itema wha~ due, the excess ahaJl be.
at Bamower'a option~ either promptly rep~id w Bomoaer or crodited to Bornawer on m~thly psyme~ta of Funds.lf the
amount c,f the Fuuds held by Lender is aot suf~icieat to pa~y the ~row ite~ns wben due, Borrawer ahall ga~y w I.ender any
~unounf neoessary to meke up tbe ~mcy in one or aan psynuats as roquirod by Lendec.
UP~ P~?Ymeat in full of all suma tecared by this Socurity Iaatrumertb Leieder a1~aU pranptly refund to Hormwer
any F~nds held by I.ender. If under parsgrspb I9 th~ Pt~ty ia sold or aoquired by Laider. Lender ahall spply. ao kter
_ thaa immodiat~ly prior to the aale of tbe Property or its aoquiaition by I.c~du, any Fuads held by I.ender at the time of
. application ss a credit ag~sinat thc s~uns aocured by this 5ecurity Inatrument.
3. A~1&xdoe af Pap~eats. Unleas a~lia~bk la~r providea otherwise. ~11 payments reaivod by I.ender under
p~r~graphs 1 and 2 ahall be applied: ftrst, to iste ~barges due under the Note; ~a~ond, to Pr~aYment charges due under the •
- Not~ third, to amounta psyabk under paragraph 2; fourth~ to iwtaest du~ and last, to prineipsl dne.
4. Aw~ IJess. Bomoaer ahali pay all ta~cas, sa~menta. chu8es~ flnea and irapositioas attributabk to the .
Property wbieh riasy attain priority over thia Security Inatnunent, aad tauehoid psymeata or grouad reata. if any.
Horrowec shall psy these obligataons in the mannar pmvided in pangraph 2, or if aot ps~d in that manner, Borrower alall
PaY them on time dirxtly to the person owrod paymea~ Bornower ahal~ P~PWY furaiah to I.dyder ~11 notiaa of an?ounts
to be paid uader thia paragraph. If Borrowar nialce~ tl~eae payma~ts directiy, Bormwu sfu~il promptly furniah to I.a~der
raxipts evide~cing the pay~ts.
BarroMer ahall Qroanptly diachuge any lia~ ~?hich hss priority ever this Security Iaatruma~t uniesa Borrower: (a) .
_ agreea in ~rriting w the p~ymznt of the obligation aocured by the liea in a manner acotptabk to Laider; (b) contesu in good
faith thc Uai by. or det'ea~t agsiaat ~for~t of the lien in, legal Prooeedings whkb in tbe Leuder's.opiaio~ opaate to
prcvent thc ~forament of tbe liai or forfeiture of any part o~ t6e Property. or (c) aecurea fcom the ~eokier of the tia~ an
agrament satisfactory to Lender aubordinstir~ the Gen w this Security Instrumen~ If Lender detenminea thst any put of
~ the Property ia subject to a lien ahich may attaia priority over thia Socurity Inatruma~t, L.ender may give Borro~ver a
. notice identifjring the lim. Borrowtr ahall satisfy the lica or take one or more of the actions aet foith above within l0 dsys
of the giving of notice. . ,
S. Hsrard I~wraeee. Bonower ahall kap the improvanents now existing or hereaRer ec+ected or~ the Property
insured againat loas by 6re. haz~rds.included within the term "ea~~d oaverage" and any ~her hazarda for which I.ender
-requires insurance. 'This insuranoe :hall be maintainod in the amounts and for the periods tbat Lender iequirea.~The
insurance carrier providing the insuranoe shall be choeen by Borrower aubjoct W I.ender'a approvai which ahall not be
unreasonably withheld.
All inaura~ce policies and renewals ahall be acoeptable to Lender and ahall include a standard mortgage ciause.
Lender s1~a11 have the right to hold the policia aad renewals. If Laider requirea, Borroaer ahal! prumptly give to Lender
ail rocapts of paid praniuma and rencwat naticea. In the eva~t of lc~s, Horrower ahall giva prs~mpt notice to the insurancx
carrier and Lender. Leader msy make proof of M~s if not made promptly by Borrower.
Unieas Lendes and Borrawer atherwise agra in w?riting, insunnce proc~eda shaU be applied to restoration or rzpair
of the Pnoperty dama8ed. if the restoration or rr.pair is ooonomically feaai~{s and Lenda's aocurity is tEOt ksseaed: If the .
reatoratioa ar repair u nat eoonomicalty feaa~'bk or L~ade~a security would be {esaa~od. the inaurance prooeeda ahall be
sppliod to the auma securod by this Security Inatrument, whether or not then due, with aay excess paid to Bonnwer. IP
Bonowet sbandona the Property, or does not anawer within 30 days a ttatioe from I.ender thst the insuranee carrier. has _
offered to ~sttle x claim. then L~endtr msy oollect the insuran~x proceeda. Lender may uae the procxeds to rep~ir or catore
tl~e Property or to pay aums secured by this Socurity Instrumcat, whether or not thea due. The 30-day period rvi11 begin
when the nQticR is givea. ~
Uatesa La~der and Borrower otherwiae agra in writing. any application of proaada to principal shall not estend or
postpone the due date of the moT~tbly payments referred to in p~ragraphs i and 2 or change the amount of the payments. It
under paragraph 19 tbe Property is soquired by I.ender~ Bonower's right to uny inaurance policies and proceeda reaulting .
from damage to the Property prior Lo the soquisitioa ahali paas to Lender to the eatent of the sums aecur~d by this Security
Instrument imasediately prior to the acquisition. .
6. Preunadoa sad Maiate~sies ot Froperty; L~ebokM. Horrowa ahall not destroy, dama8e or substantially
change the Property, alloa the 1'roperty w detuiarate or oomm~t ~vaste. If this Security Inatrummt is on a leasehold,
Borrower shall comply with ihe provisiana of tht {eaae, and if Bono~ver acquira fa title to the Proptrty, the leasehold and
fa title shatl not merge unless Lender agrees to the tMrga in wRiting.
7. Pratatioi ot I,~ader's Rt~6b ie t~ Pn~erty; Mortgsge I~naa. If Bonower fails to perform the
- coven~nta and agrarnrnts caitaincd in thia Socurity Inatrument, or there ia s lega! procooding that may signiacantty aQ'ect
Lender's rights i» the ProptrtY (such aa s procading in bankruptcy, prob~te, for coademnati~n or to enforcx lawa or
regulationa)~ tben Lrnder may do and pay for wbateva is na~asary to protoct the vatue of tlie Property and Lasder'a righta
in tbe Property. Lmder'a sctions m.sy includt payin8 anY :ums aecured by a liea which haa priarity ovtr thia Security
Inatrummt, appearing.in oourt~ paying re~onsbk atWrney:' fas and entering on the Propaty to make repsin. Although
I,ender may take sction under this psragrsph 7, La~er doa nat have w do so.
Any arnounta disbursed by Lender under this pu~aph 7 shali become additional dcbt of Borrower aocurod by this
Sevurity Instrumrnt. Unlesa Borrower and I.ec~der aga to ather terms of p~yment, theae amounta ~all bear intaat from
- the date af disbunement at the Note rate snd ahall be payabk, ~+ith intaeat. upon natice from I,ender to Hotrowar
requeating Wyment. .
*"•A charge assessed by Lender in connection with Borrower's entering
into this Security Instrument to pay the cost of an independent tax
reporting aervice shall not be a charge for purposes of the preceding
sentence.
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