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<br />-- � � . 90-:: 100949
<br /> LJ�lFOtttuf CovE:�nN'[s. Borrowc�und Lender covenant and agr�e as follows. .,�!
<br /> 1. Pay�tnen�o�Prieclgal9na Iniaresh Fr�psyment and Late Charges. BorroRer shali promptty pay when due
<br /> the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note. �
<br /> 2. Funds for T�ces aad insur�usce. Sublect to applicable law or to a written waiver by Lender,Barrower shall pay
<br /> ("' to Lender on the day monthly paytnsnts are due under the Note,until the Note•is paid in full,a sum("Funds")equal to
<br /> � one-twelfth af_ (a) yearly taxes and assessments which may attain priority over this Secarity Instrument; (b) yearly
<br /> � lrasehold pap�seRts or grcwa� renu or� Ehe Progertg. if aa}�:(c) ysarE�+ hazard insnrance preraiums; aad (d) yearly
<br /> mnrtgaga iasaranse premiums,if any.Thae items are calted"escrow items."Lender may estimate the Funds due on the
<br /> • basis ofc�rrent da'�a�d reasarab�e estieQates of future escrow item�.
<br /> The Furtds sha'!�tae�:Id in an institution the deposits ar accounts of wbich are inswed or guaranteed by a federal or
<br /> _ state agehcy("��..PU�ing Lender if I.ender is suc�an institution�.Lender shaIl�pply the Funds to�say the eserow items.
<br /> Leader may n�t Eharge for 6olding and applying the Funds,a.c�al�zing the acraur�t ar b�,fti9ng the escr�w iterns,ux►less
<br /> . Ixcdu pa}s�3urrower interest on the Funds and a��ti�a6Se I��u permiu�.ender t�s�t�uch a chazge. Bonaw��r and
<br /> Le�et�,ay�ree in writing that interest shall he r�:�tt on the Funds. Unless an ageement is mac���r applicable law
<br /> r�°,;�=�s interest to be paid,Lender shalt not be r���d to pay Borrower arfE�interest or earning's on��Funds. Lender
<br /> — s..�tl����e to Eonower,wit��uF charge,a.n annual ao.anting o�the Funds sha�.ing crediis atld debits to the Funds aud the �
<br /> �rz;�cse far��,:�,:h each de�=t t�the Fun�s a+as made.The Funds are pledged�additional security for the sums secvred by
<br /> La SCCtIIl�:..�rument. '
<br /> - Yf t��t�.mount of t�e�'unds held by Ixnder,w�ther with the futur�±��zthly payments of Funds payahle pr*:ar te
<br /> Ihe due dates oFthe escrou ite�ns,shall exceed the amount required to pay t.��scraw items when due,t3Ye excess�b;=II.�e. .
<br /> at Borrawer s c�wtian,either promptly reaaid to Borrower or cr�ditcd to Horrower os�monthly paycrtents eF FvndS_Ii' '+p:
<br /> ' . amount of���i::.-�ds held by Lender is�.�t sufficiens to pay the�s�tv items when due,&±r.r+s.�ver shall psi=t�1 L�rsl�r;s�z
<br /> amotu�t raa����to make up tht defrc���in ane ar more pay.yit�:t�as required by Lea�:��_ � .'. �
<br /> � �' L'�o:��ayment in full of all sums secured by t�.is Securit}r Instrumeae. L�der s`�'i�_;.t;r;�ti��srd"s�d t�Borrower. �
<br /> r�::Tr'r::,-�L;�r;d by Lender.li under paragraph 19�i�e�m�er:.:;is sold or acq�r�.��v�...�..:.:�_3.F���z��i apply.no later
<br /> � � t����..^�-'�::zly prior to the sate of the Propertp o��ts� ' ..:��z by Len�-.�s;�-�xcd�i���s Ci�r3er at the time of ' � � .
<br /> � ' a�;�r;:a*.�.�-�.�.�redit against the sums secured by this��cart��C��s,�scrtent. � �
<br /> 3. !���i;5t�ttion oi Payments. �nless applicat�ie la�c��zr���es ather:��:��:a1I pa4mr�ts tec��:��by Lender under
<br /> r�.����'s?a��Z s1:a1[:����lied:fi�.,3,to iate char�aue 1¢•.;,:r cue Nate;����.�,to prepayment clr���due under the
<br /> s 1���si2=�,to�rt:c::nts�:g�Fe under paaagraph Z;tnairti�,ta:�s�x�t due;and I�st,to pr�ncipat�ue.
<br /> 4. f�,ge.s;Liens. Borrower sha11 pay ail taxcs,ass�.�:xnents,chur;es,fines attd impositiuns attr.bntah�e tu the
<br /> Property whic� may attain priority.over this Security Instrc�ment, and leasehnld payments or ground rents, if any. - �
<br /> Barrower shal}pay these obligations in the manner pravided in paragra�h 2,or if not p�id in thut manner,Borrower sflall . .
<br /> _ ' pay them on time directly to the person owed payment.Barrawershall promptly furnish to Lender�all notices of amoants
<br /> � to be paid under this paragraph.If Borrower mAke�t3tese payments directly.Borrower shall promptly furnish to Lender
<br /> receipts evidencing the payrnents. ;
<br /> Borrower shall promptly discharge any lien which has priority over this Security lnstrument unless Borrawer:(a) .
<br /> agrees in writing to the payment of the obfigution secured by the lien in a maaner acceptable to Lender;(b)contests in good ' . •
<br /> faith the lien by.or defends against enforcement of the lien in,legal proceedings which in the Ler�der's opinian operate to
<br /> � prevent she enforcement of tAe lien or forfeiture of any part of the Property;ar(c>secures fram the holder of the lien ar� .
<br /> �grcement sutisfactory to l.ender subordinAting the lien to this Security Instrument. If I.ender determincs that any part of , ,,,.
<br /> the Property is subject to a lien which may attain priority over this Security lnstrument, J.ender may give 8orrowet a • �}
<br /> notice identifyring the lien.Borrower shall s�tisfyr the lien or take one or more of the actions set forth above within 10 days ' �
<br /> of thc giving of notice.
<br /> S. Hazard Insuranee. Borrawer shall keep the improvements now eaisting or hereafter erected on the Ptoperty
<br /> insured against loss by fire,hazards includeA within the term"extended caverage"and any ather hazards for which Lender '2
<br /> requires insurance. This insurance shall�be maintained in the amounts and for the peric3ds that Lender requi�es. The �
<br /> insurance carrier providing the insurnnce shall be chosen by Borrawer subject co Lender's approva!which sha16 not be �
<br /> unreasonably withheld. �,``�
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<br /> Alt insurance potici�w and renewals shall be acceptable to Lender and shall include a standard�r:ortgage ctause. •;;
<br /> Lendcr shall have the right to hol�l the polici�and renewals.If l.ender requires,Horrower shall prorriptly gi�e ta Gender
<br /> a1)receipts af�id premiums and tenewal notices. ln the event cPloss,Borrower sha11 give prompt notice t�che�i:su.rance �
<br /> carrier and�r.�::r.Lender may make proof aP loss if not made�romptly by Borrawer. '�
<br /> Uc!tss b.ender and Borrawer otherwise agree in writing,in�urance praceeds shall be applied tv restoration or repair
<br /> � of t&e Pra,�:ny damaged,if the restoration or repair is economicelly feasible and Lender's security is�at lessened. If the
<br /> restoratian o*cepair is not ecanomically feasible ar d�n�er's security wauld be lessened,the insurance procceds shaU be
<br /> applied to tll:�ums secured by this Sesurity lnstrument,whetI�.er or not then due, with aTy cxcess,paid to Borrawer. lf
<br /> Borrower abandons the Propeny,or da.�s not answer within 3G days a noticc from Lcnder that thc insurance carrier has
<br /> affered to settle a claim,then Lender may collect the insurance proceeds.l.eader may use the praceeds to repair or restnre
<br /> � the Property or to pay sums secured by this 5ecurity lnstrument,whether or not then due.The 30-day period will begin
<br /> when the notice is given.
<br /> � Unless Lender and Borrower otherwise agree in writing,any application of proceeds to principsil shall noi eatend or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 ar ch�nge the amount of the payments.lf
<br /> under paragraph 19 the Property is acquircd by Lcnder.IIorrower's righl to any insurance�olicies und proceeds resulting
<br /> � from damage to the Property prior to the acguisitian shall pass to Lender to the extent oP the sums secureci by this Security
<br /> � Iit�srrument immediately prior to the acquisition.
<br /> 6. Prtservation and Maintenance ot Property;Leasehod�. Borrower shaU nnt destroy.da.s�zage or substantially
<br /> cl:�rgc th:l=nz�aerty,allow the !'ropetry to deteriorate ar currcm:t waste. If this 5ccuri�y lr.strunienc is on a I�sehald. ;_>-��-
<br /> � l3ccr,e�xer s�:�1;eomply with the provisions of'the lease,and iP Borrower acqutr.:s fee title to t�:c•Prope?t;.the lease�:old and •
<br /> {: fi;r,ci:Je sha1)not merge unl�,�s Lertder agrees to the L�erger in writing.
<br /> 7. Protectton of L.�nder's Rip,�ts in the fProperty; ���ortgage Insurance. lf Borroue� :�:[s to perfcsm the .
<br />_ __ � covenants and sgreements contaitted ctr e�7is Serurity Instrumen.t��r there is�lc�!pracee�;;�.�that may significantlt�afi'ec! ,
<br /> .,.�. � C.ender's rigitt�•trt�the Properry(suctt �:s a proceeding in 6;��.[�c.ptcy, prc�bate. fi�r cund�rr.^aticn ar'!c�enforce taws�r •
<br /> r�gulatinns),tl:en Lender may do and pay far whate.ec is nec�es:�:;ry tu prntect the value�:l'if���Properi�•and l,ender's ri�hts
<br /> � in the Pr�perty. Lendcr's actic�ns may inrlude pa,+±�t�aoy sur*�s sezured by a lien .v}:�c?�: h:�s prinncy ��ver this Security ' ��
<br /> � Instr�iment,a�pearing in court,paying reasonable attorncys fMasand entering on Ihe Y�n�crty to make rcpairs. Although �
<br /> Lender may tnkr action under this paragraph 7,t.ender does not ltave to do sn.
<br /> Any amountti disbursed by Lertder on�er Ihis paragraph 7 shall bccume additwnal d�;bt uf Hc�rr�,wer secured hy thiti . ���
<br /> 5ecunty Inslrumcnt.Unlest florr�wer a�Td Lcnder agrce to other terrns��Ppaynunt.thcse am��wits�hull brar i��terrst from �,�y
<br /> - the date c�f disbursement :�t the Nntr t.�te and tihall he payak�le, w•ith inleretit, ti��n nnhre I'r��m I.entler to 13�,rr�ncrr �
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