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<br />- , Urruaotsna Cova+rnK[s. Borravree sud Lender cavenant and agree as follaws: `,,
<br />^`�.`:': ' � `. , L P�yment dP Prin�al aa9 In4eresk Prepaymens a6d laie Caarges. Barrawcr ahaU pmmptiy pay when due �_�„ _,
<br /> � � t1�e prinaga�of and mLCrest on the debt evi�eaced by the Note snd any prepay�ent and late c6arges due uadcr the Note. {
<br /> `��.�� �'° E. Fands ior Tmces en�l Insuraaoe. 5uhject to appiicaDle taw or ta a�vsitten waiver b}►Lender.Borrowet shall
<br /> �. - � pay to Lender oa the day t�oatt�ty payraents are due under the Note.unm the Notc is paid in fuI1.a sum("Funds°)fc�r. -
<br /> • ,.: y =. � � (a)yeart�r tax�and asscssmeats wtusb may attain prIority aver ttsis Sc.curity insuumcnt as a lien oa the Pro?erty+(b)
<br />- : :.. ... <' �„ ' YearIy�asehoW�ayments or�ound reats on the Praperty.if aaY:(c)Yearly ba7ard or property insurnnce premiwas:(d) .
<br />= yeariy Qood iasu=ance premiums.if as►Y+te�Ycatly mort888e msurauoe Premiwas. if anY:and(f� enY susns payabte by .
<br /> . , .. Borrower to Lender,ia a000rdanoe wit8 the provisioas of paragraPh S►in lieu of the payment uf mortpage insuranoe . -
<br />- ._..1�;;..� premiuins, 1t�ese item�are called°Facmw Items.'Lendcr may,at aay timc.wllect and hol�Funds in an amowu aot :
<br />-`Y.-r,;..`:.:-:L," to exceed the ma�mum amouni e tender for a federaI(y related m�rtgage toan may require for Bortawcr's essraw aaoouift :ti`�
<br /> ;..r_�- .. ulider t6e fede[81 Real EatSte SettlemeIIt Ptticedttms ACt Of 1�374 ss ameIIded ftom time to time►12 U.S.G�2601 et f�.
<br />� � reg ("RESPA'7. ualess another!aw tmat spplies to thc Funds sets a tesser amount if so,Leadet map.at atry titae�
<br /> �- ooIlect and hoW Funds in an amouat Qot to e�We Iesser amounL I.ender may esti�atc the amount of Fundg due �
<br /> � ' :. ` oa We basis oE cutteat data and reasonable estiu�ates of eapeuditures of future Eacrow Items or oWcrnise in aowrdaacc r.: -
<br /> with applfcab2e 1aw. �, �
<br /> :. _. - 'I�e Fuads ahal!be held ia sa institution whQSe deposits are ia5uied by a federal agenry.i�trumeAtatity,or eatity _
<br /> `. • .'�;'. �••: (includiag Lender,if Lendar is sucb an institutioa)or ia airy Federal Home Loan Bank L�e�der shall aPP1Y the Funds
<br />-�L`' ... "t:;:;:`..�. to pay the Fscrow Items. Leader may not charge Somawer for haWing aad aPP1Y�8 the Fuads,��Y��� —
<br /> �-:�� _� . ,; , escraev aaaouat,or ve:i f y i ng t h e E s c m w I t e m s,u n l e s s L e n d e r p a y s B o r m«e r i n t e r e s t o a t h e F�m d s a n d a p p t i c a b l e t a a r =
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<br /> - � �;;�... ':;� permi� Irender to make sush a c�arge. Hawever.Icades may► recluire Botm�er to pay a one-time charge for an �
<br /> . :.�.".��;f mdepeadent teal estate taa reporting sesvic�used by I.ender ia w�on with this loan.unless applicable law provIdes
<br /> - -� °: atheiwis� UnIess an agteement is made or applirable taw requires interest to be Faid,Iender shaU aot be cequired to
<br /> '.' . . `'.E' pay Borroprer eay iaterest or eamia�on the F1�ads. �otmwer aad Lender mayr agree in wr�g,howevcr.tbat iater�t
<br /> . ;` ' ::�5� shal!be pafd on the Fuads. L�ender sha11 give to Borrower,witiwut c3�arge,an annual a000uating of tIIe Funds,showIng -
<br /> •� _6��;`:=..:� .�� c�lits snd debits to We Ft�ads and the purpase for whicb eacli debit w tise Fimds was made. 'Ate Fuads sre pledged .
<br /> .. � . as additional security for all sums secured by this Security Iasu�uuent
<br /> : `..<��'';� If the Fbnda t�eld by Lender esce�d We amoua�permitted w be hebd bY aPP]icable Ia�v.Lender shall s000unt to
<br /> ! �� '"` Barrawer far the�Funds ia acoordanae wiW the nequicetaents of applic�ble law If t6e amount of the Funds Qe�d
<br />,�.,:-;�.:`�. �•s:`u...�= by Lender at a�r dme i�not suffiae�to pay the Facraw Items when due,l.cader may►so aottfy Eorrawer ia writiag,and, --
<br /> -- .._,.�_... ...
<br />';'"�%;. <. `��-;`'- in such case Bormwes ahall pay to Leader the emount nec�ary to make up the deficIenay. Boaawer ahall make up .
<br />-:;�>i, � :.:-.;',.^:;;;,.:
<br /> � � ,r ��;,.;�<„';<,; .:€ . the defisienry in na mare than twetvc monthly paymeats,at I,ende�s sole discretIon _
<br /> :.`...�f:+' � �-
<br /> ;-;'.�:..;:•(,1:�(t'� �, Upon 1rAyment in fuU of aD sums secured iry thig Security ia4uwneni,Leader ahall promptty refund w Borrower
<br /> . . �':,:%� �.; .' � :any��a�s heW by�.�ender. I�under Para@raPh 21, Lender shall acqu�ire ar seII the Propeny. I.euder, Frior to the _
<br /> ��'�- - '`•:.. ;�'r � , - ,;�cquisition or sale of the Property,shall aPP��Y Puasts heW by Lender at the ti.me of aoquisilion or aate as a credit -
<br /> . _..�.... �-
<br /> ;. — -„�`� . . � ,�,�inst the sums secured hy this Security Instrumenk �
<br /> . _.. .•1..; ` , � ' 3. Itopficatton oi Papmenta. UnIess applic�tsie i`aw provides othezwise,aII PaYments renetved by Le�der under �._.
<br /> - `r;����' paraBruPhs i aad 2 shali be app]ied:5rat,to aaY Pr�dyment chat��e under the i�o�se�aa,w amoun�t�b� -_
<br /> ..• � "'.�':•_::�,�;��j. un�er parag�aph Z;third,to i�tterest du�fourih,ta piincipal due;t,��sst,to at►y late cbarges due under the Note. _
<br /> =;,,;,:,�`•:' .°;t�.,.i '; 4. Chaeges;Idex+s. Borrawer shaU pay�li tr�,assessmeats,charges,Gwes and imposisior�aiMbutable to the =-
<br />=-`���1, .`�..,''.�.:::'�,'� pr which may attaiu tiori aver tlus Seau3y lnswment, and leaselrasi� gaymeats or �ound rents, if aay. �
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<br /> ��°��`'_';=_.,�;;;rrJ� 4.; BonmNer st�alt pay ttiese obllgations ia the mauner provtded in paragraph 2,ar i'��ot paid'm ti�at ra�naer, orrower �:
<br /> ' ' � �;�;y;� � sUall pay them on dme dire�xnr to the erson awed ayment Borrawer ahall furnish to Lender a11 notices of . �°
<br /> P P P�PUY i'-=
<br /> ��� .�..>:,�.,.�;f;r•'•r,,�r .. amounts to be paid undes thts para�aph. If Boaower makes these paymeuts di�ctly.Bormwer shall pmmptly fumtsh t�:.
<br /> � � "�`.':: � co I.ender recelpts evi+dencing the payments. _-
<br /> ` , Borrowes ahaD proruptnr discharge aay liea wlilch has priority aver this Security Iastrument unles�s Banas�ver:(a) :
<br />�, ,'`,., , • ' :;:,�rees ia writt�ng to the payment of the ob�gation sa�.by the liea in a maaner sooeptable to Lender.(b)coatests ia ,,
<br /> r � • , � �� ''..�,�d faith the lgien by,or defendg against enforcemea:of the lien ia,Iepl praoeeding,c which ia We Lead�r's opinion �
<br /> � . ;:.;;�t;;�T? �,yerate c�prevent the eaforcement of the liea;or(c)secures fra4a�se tro2der of the lien aa agreement satisfaaory to t:_:_..
<br /> � , .`''. . 1.;�a+bec sr�Yinadng the lien to tLis Security tnsmimen�If Lens�ie��ermines t6at aay part af the Property i�subjea Y.
<br /> tt
<br /> ;�� �..ia r�1�%��may attain prioritq over t&ig Security Ilristrumeht,lx��r maY 8ts�$oaower a notibe idcntifg's'�We lien.
<br /> «,;, . � , t L s ..
<br /> _ �-�-,�:< � ��rta��-�raa11 satisfy the lien or take one or more of the actions see forth a+.�r.��h9n l0.days of the givi�g of notisc. _
<br />� � � �� • � ' � �, �aN ar prop�rtq Iasuraa� Bnaawer shall keep the lmpraver^.:i�aow e�dsstir�g or t�ereaftet erected on 4:
<br /> g � the Pra�i�g jasured a�iast Ioss by fue,:hazards incIaded vrithia tt�.term"estended�ver�g�e"and any other hazards.' w:�-
<br />�.^ � • .iucluding Qaods or tIooding.Por which I�r m,quires inswaaoe. '��ia�urance shaU 6e ma�.�e d i n t h a amounts an d f_;':'=
<br /> IoD
<br /> - ��r the perIods that Lender requires. The inswance carrier provi�the insuiance ahaU be chosen by Borrawer subject ;;�.
<br /> � :' ' .' . �' to l�end�r's approval which shaU not be unreasonabIg�ithheld. Ii Borrower fa�to maintaia coverage des ��ed above. �''�,
<br />:�. 'tt'` .'� Lender ptio0.obiain oovera to Lender's n ta in the Pro erty in aaoordance cvith ara ph 7.
<br /> � . • maY,at Lettder's o Se F� ��► P P � �';:
<br /> � . �. AU iasurance policies aad renewaLg ahall be sooe�tabl$ta Ilender snd ahaU taciude a standard raortgagee cEause. ,
<br /> �� . � r Lender shall have the right to hold the policies aad renewatR. If Lr�der requires,Bonower sball promptly gtve to Leuder �;;:
<br /> �:� ,•:.
<br />��°. ' ' • aU reoeipta of paid premiva�a and renewal notices.. In the wvent of loss. Bonower shall�ve pmmpt notice to the ��_:-
<br />"'-':.•� � � �; insurance cartier and Lend:r. Leader may make pmof of loss if not maQe prom�aaty by Hoaower. . �s==
<br /> �,.-�_
<br /> � ` ' Untess Lender and Barrower oihetwise agree in wridag,inswatcce yrooec��D be applied to restoration or repair
<br /> � � : of the Property damaged.if the restoretion or repair is economicalty feas�bte and Lender's security is not lessened lf the
<br /> �.' , ... '.� restotation or repair is not economlqUy feasible or Lendet's security woutd be lessened�th�inivsanoe proceeQs shaU De
<br /> �� .:,��:��..:�,;:^,. BPP��to We sums sec�ued by this Seeuriry iasuument,whether or not then due,a+iW a�►�a`.�Paid to 8onavrer. If. ---
<br /> " � Borrower abandons Ute Property,or daes not at�ver arithin 30 days a notice from i.cnder L'tat the ii�ura+zae carrier has
<br /> ..' .. offcred to aettie a claim.then Lender may aoUect We�nsurence prooeeds. Lender m�y use the proaieeeds to repair or
<br /> �� restore the Property or to pay sums secured by this Securlty Insuument,whethor or noi then dae. ?he 30�day perlod
<br /> , . :' '` m71�egia when the rmtice is given �
<br /> � , Q1Ness Lender end Banoavcr othetwise agree in wtidag,aay applicetioa of praoeeds to princlpal shall not extend
<br />�. `. . �. ot p�tpone the due date of the.monthty payments referred to in paragraphs 1 and 2 or change the amount of'the
<br /> , p a y m e n t s, i f u n d e r p a r a g r a p h 2 1 t h e P r o p e r ty i s a c q u i r e d b y Leader,Bnaowet's ri g ht to a a y inswanee policies and
<br /> , � proceeds resuiting ftottt damage to the Properiy prior to the acqulsitioa shall pas4 to Leader to the extent of the sums
<br />�; aecured by thia Secutity insuument immediatety prior to the acquisition.
<br />-�'. � . ' .
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<br /> '��'�•`. ���•. .,.• Form 8020 9/fl0 (Pege 2 of b Pages)
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