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<br /> UNtt�attt� CoveNnxrs. Honav►�cr snd Lcnder covcnant and agrea aa fallowr
<br /> �. �'��nt of Priedp�l�►ad lnterest;rrep�eni�ww I.�w 4:.�.R.:. Eo7'�:,rr ats�.tl pra���prfY paY when due
<br /> the principal of end Interat on tho debt evidcnuW by tho Noto end any prepaymcnt and late chargts duc under the Notc.
<br /> Z. Fund�tar T�uca u�d In�uMna, Subjut ta epplkaebk taw or to a wrltten waivcr by Lcndcr,Aorrcwvor shaU
<br /> pay to Letxier on the day monthly peymenu arc due utKier the Note,until Iho Noto l� pald in full. a�um("Funds')for:
<br /> (e) yeurly taxa And nuewrnents which mey attefn priority over thi� Security In�trument ea a Ikn on the Property; (b)
<br /> yearly k,aiehold payments or ground rent�on the Property, if any;(c)yearly tu►zard or praperty insurencc premium+;(d)
<br /> yeurly flood ineurxnce pretnlucm, if anr, (e) yearly mortgege insurance pcetniums, if amr;arW (fj any �uma pnyabk by
<br /> Borrawer to Lender, in accordanw with the provisions of paragtaph 8, in Ileu af the paymont of mortgage insurance
<br /> premiums, 7lfcisc itcm�s are called"Escrow Items."Lender may�st any time, wUect and hold Flinds in an amaunt nc�t `
<br /> to exceed the maadmum emount a lender for a federelly nlated mortgage loam m�y require for Borcower's escrow a000unt
<br /> under the fedcral Real Fstate Scttlement Prcxxdures Act of 1974 as amended from time to time,12 U.S.C. $ 2601 et -
<br /> am,, ("RFSPA");unleas another Iaw that apnliea to the Fl�nds sets a lesser amoun� If so�I.cnder may,at any time,collect
<br /> and hold Funds In an amount not to excxed the lesser amount. i,ender may catimate the amount oF Flinds due an the
<br /> basia of current data and reasonabk•cstimatos of expenditures of futuze Escrow Itcros or othetwisa�ts accordance with
<br /> applicabk law.
<br /> The�unctc,hnll be heid in an iiulitution whose Ge��sits are imured by a foderal agency,iastrumentafiry,or cntity
<br /> (in�luding L�end�ar,if Lendar i�such an institutian)or in arn Federal I�ame Loan�iani�. L,ender shal3 apply tha r�ndti
<br /> to pa�y thc Fscro�L itoms. I.onder may nat c3.inrge Borrower for holding and applying the Flinds,annually anatyaing thc
<br /> esctow account� or vcrifying the Escrow Itcma,uNeas Lender paya Horrowcr interest on the �nds and applicabk law
<br /> permita I.ender to malce such a charge. Howevex, I.ender may requlra Bonawer to pay a one•time charge for an
<br /> independent real eatate tax reporting senrice used by Lender in wnnectlon with this loan,unleas npplicable law provide�
<br /> otherwise. Unlcas sn agrcement is madc or applicable luw rrpuirra L�tecc,�t to be patd, Lcr.der shell not bG requlted to
<br /> pay Bonower any Interut or earninga on the Fund�. Borrower and Lender may agree in wciting, howcver,th�t interat
<br /> �hall be p�W on the Fun�. L,ender�haU gfve ta Botrowcr.wlthout chargo,en ennual Acxounting eE the Fund�,�howlnp
<br /> ctedip and debtu to the Fund�and the purpaa [or whkh each debit to tho Funrh wea made. TIx Fund� srtl plal�od
<br /> iu�ddltbnal�ecu�lty[or sU�ucru�ecured by thl�Secudty IMtcument.
<br /> lf the Fund� held by[,orxkr accs,od tho amounu permittod tn bo heW by appUce�bb Isw,l.onder�haU�000unt to
<br /> 8orrower[or tha exoaa Fund�in record�ncG with tho roquironxnte af Npplk�bb law. If tha amount of tho Fuc�dr heW
<br /> by Lendor at Wtf�y tfmo i�not Ruttici�nt to{uy thc�craw Item:whcti Jae,Lorxler rtuiy ao notify Borrowor in writfu�,and,
<br /> in wch�e Borrower�twU pay to L.ender the umount nooeu�rry to make up the deC�cien�.y. Bonower�haU mRke up
<br /> tho daHdenry in no nwro thsn twohro monthlY PAYmenu� et Lerxkr9 wb di�cxetbn.
<br /> Upon paymcnt in fuU of aU sur►�recurod by►hb Securlty In�uument,Let�der�haJl pramptly refund to Borrovver
<br /> �;.� �� �� � 1�r�r_.., �f; under QaraRnQh 21. I.�nder thtU eoquire or aeU the Properry, landor, prbt to tbc
<br /> arqultitbn or tak of the Proparty�ahall epply any Funds heW by Londer at the time of aoquBition or�a1e as a c�uiii
<br /> ageicmt the suma kcured by thia Security I�wmont.
<br /> 3. Appllaitlon ot 1'��b• Unkss appltcabk law providei othecw4e, all paymenta rooeh�od by Leadcr under
<br /> �wrt�orr»1M 1 eT,c12 ahall be applied: first,to any prepayment charges due under the Note;s000nd,to amounts payabk
<br /> f—"V •
<br /> under paragraph 2; third,to interest due;founn,to princ:ipai uuc; u�xi i+ei, io uuy ince cisarges auc under tho 0 0.
<br /> 4, Chae�ed;Uene, Bonower shall pay aIl taxes, easeastnanta,chargea,fines and impc�sitiom sttributabb to the
<br /> property which may attain priority over thia Security Instrument, and leaaeho3d payments or grouM nnts, if any.
<br /> Bonower ehall pay theae obli�ationa in the manner provided in P�B�Ph 2,or ff not paid in t2at mannet� Borrawer
<br /> ahaU pay them on time directly to the person owed payment. Bonower thall promptly furnish to Lcnder all uotias of
<br /> emounta to be paW under this paragrap�. If Borrowcr makea these pnyments direct3y,Borrower �haJl promptly fumi�h
<br /> to Lcnder receipta evidencing thc paymenu.
<br /> Borrower ahall promptly dlachatgo arn Hen which haa priority aver this 5ccurity Ivstrumex�t utskas Borrawer:(a)
<br /> agrui in writing to the payment of the obligatbn secured by the lien in a manrnr aaxptabb to Lender, (b)contau in
<br /> gorv.t faith the lien by, or defends against enforcemcnt of the lien in, kgal procceciinga whictt in the I,ender's opinbn
<br /> operate to prc.went the enfnrcement of the licn; or(c)securea from the holder of the lien an egrament satisfactoty to
<br /> ' Lender subordinating the lien tq this Saurity Insttument. ff Lcndor determinea t Bo�r a notke ide n��the lien
<br /> to a lkn which may attain prioriry ovex tlils Securiry Instrument,Lender mny gtve t�Y�B
<br /> Borrower ahall satisfy the lien or tnko one or more of the actions set forth above within 10 de,ya of the giving of notia.
<br /> 5. Hu�rd or Pe�oKrh'In�nra►xe. Bonower shall keep the improvemcnts naw eASting or hereaRer eroccod on
<br /> the Property imtured against toss by fire,hazerda included within the term"acten�led ooverage' aad aqy other b�zar�b,
<br /> including floods or flooding,for which Lendor roquirea insurance. This imurr.noe ehall be mainteined in the amounts and
<br /> for the periods that Lender roquirea. The insurance carricr provtding the inaurana shall be chosen by Bornwver subject
<br /> to Lender's approval which shall not be unreasonably withheld Yf Borrower fails to maintain arvemge deacribed abave,
<br /> I,ender may,at Lender's option,obtain coverage to proteet Lendcr's righta in the Property in avcordence with paragraph 7.
<br /> ,qll imun►ace pulicics and renowals shall be acceptable to I.�nder and ehall iaclude a ate�rd mortgagee cleuse.
<br /> Lender shaU l�ve the right to hoM the policiea and ronewab. If L.ender requires,Borrower sls�il promptly givc to Lender
<br /> � all receipts of paid pramiums and re�ecwal notkes. In tl�o event of losa, Borrower ahall give prompt notice to the
<br /> insurance carrier and Lender. Lender may mako proof of loss if not made promptly by Bortower.
<br /> Unless Lender and Borrowcr othen�vise agree in writing,Insuranoe proaeds shall be applicd to re�toration or repair
<br /> of tha Property darnaged.if the restoration or repa�r u econonUcally feasibla and Lender's security b not leasened. If the
<br /> r�toration or repxir i�not economicallY feas[bk or Lender's securiry would bo leaten�ed,che In+u�procc^'.ls dhall be
<br /> applk�d to the eums secura!by this Security Instn+ment,whather or not thcn due,with any ezoc�ss paid to Borrow�r. If
<br /> Bonower abandona the Property,or doea�ot anawer within 30 daya a notioc from Lcnder that tlx icssuranoc carrier haa
<br /> offered to eettk a cintm, then Lender may collcet the inauraeoe prooeeds• Lender mnY uao the prooeeda to cepair or
<br /> restora the Property or to pay sumc secured by this Security Instrument,whether or not then due. The 30-day period
<br /> w[ll begin when the nottce is gcven.
<br /> ����. r.�,�.T p�,�Annnwcr othecwite a�ree in writing,any application of proceeds to prineipal shall not extend
<br /> - or postpone the due date of the monthly paymeata roferred to in paragra�►hs 1 and 2 or changc the emount ui ti�c
<br /> paymcnts. If undcr par�graph 21 the Property is ucquirod by Lendcr, Bonowcr's right ta any insurancc policiea and
<br /> procceds resulting hom damage to thc Property prior to the acquisition slfall pass to Lcnder to tho extcnt of the sums
<br /> �f secured by this Security In�trument immcdiatety prior to the aoqui�{tioa
<br /> cYii
<br /> F� � �/fe (Page 2 0l E Pega)
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