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<br /> [INtFOR1�CovE*raxTS. Borrower and Lender covenant and agree as follow�: gd""1�153 8 .
<br /> . 1. Paymeet of Principa!�ad Interes�Prep�ymtut and Inte�6arges. Borrower shalt prompsi�+pay when due
<br /> the principal of and interest oa the debt evideaced by tbc Nasc and an}prepayment a}r:d latecharges due under the Not� . � �
<br /> 2. Fands for T�es and Insuraece. Subjeci to applicabla law or to a written wai�er by Lender,Bonower shall pay
<br /> � to Lertdsr on th�day monthly payments are dae under the Note,until the Note is psi3 in fu11,a sum("Funds")egual to , _
<br /> oue-twclfth of (a) yearly taxes and assessments which may attain priority over this Sscurity Insirument; (b) yeariy
<br /> leaseho2d paytnents ar ground rents on tha Property, if any; (c)yeady hazard insurance premiums; and (d) yearty
<br /> mortgage insurance n*p�++���.+�� if an�►.Thse itsms are calltd"escrow items."Lender may estimate the Funds due on the
<br /> basis ofcurrent data and reasonable estimates of fusure escrow items. . ,
<br /> The Funds shall lie hdd in an institution tht deposits�ar accounts of v�hich are iriswed ar guaranteed by a fedesal ar .
<br /> stau agency(irscfuding Lender if Lender is sueh an institution). I.ender shail apply the Funds to pay the escrow items.
<br /> Lptder taay not chsrge for holding and applying!ht Furtds,analyuing the account or verif}ing the esc�ow items,unless
<br /> Lender pays Borrower urterest on th�Funds and applicable!aw permits Lencler to make st�c6 a charge.Borrowcr and
<br /> Lender may agree itt�:writing that i�cr�i shall be paid oa_the Funds.Unlsss an ageement�is made or applicable law
<br /> requiYes inter�st to be:,paict,I:e�td�r�:r,.at t1e:r�quired to pay Borrower any�nierest ar eamings oa the Funds.I.enda
<br /> sl�all give to Borrovs�er.wif:�.a�t ch��:..isi��sinw�si accounting of ihe Funds showing credits and debits to the Funds arid the
<br /> � p�upose for which each de6it tv the Fiiii�s was mad�.Tlte Funds are pledged as additional security frrr the sums sec�red bp
<br /> this Sa�rity Instruneent. , . .. •• .'. .
<br /> . If thc amoun[af the Funds held by Lereder,together wi�'tfte future monthly payatenEs of�vnds pavabte priot to
<br /> the due dat�s of the escrow items,shall exceed.the amount reyuired to pay the escmw it�ns whendv�the cxress shall be, ., •
<br /> at Horruwer's optian,�either prnmptiy repaid ta B�oiiower or cradited to Borrower on monthly payments af�nnds.If the
<br /> �unt of the Funt�s i�6y Gend�is not suf6cient to pay the escrow items whett du�B�rroaer shall pay tQ Lender any
<br /> �. 2ui.ouat�ary.t4 make ag thed�ciency in one or moze paymcnu as required 6y I,euc�er.
<br /> - ' €Tp�n pay�rient.in ful!of aII�ums secured 8y this Security Instrumeni,Lender�hail promptly refund tirs Borrowes
<br /> ::: �,:�'r::�Y:�unds held dy L�iitsr.If und�r�tagraph 19 the Property is sotd or acquired by Lender,Lender shall appiy;no later
<br /> � �'• ` � ����imraediatel ar�the sale Q�the Pro rt or iu ac uisition b LQttder.an Funds held b ..Lenc�er at the ame of
<br /> Y P�. . :. Pe Y q Y . Y Y
<br /> .'._ .. . ... :�=;:�gplicatio�asacredit�nstthesuiassecuredbythisSecurityInstnrmercr. ; , � , ,'
<br /> � " '" ' 3. Appl�cation oEPfiyments: .TJntess applicabte!aw p*ovides�atherwise,all payments ret�ved by Leiider under
<br /> , . pasagaptrs i and 2 sha1J 6e applied:first,to late charges due under the Ac=,.�second,to prepayment charges due under the
<br /> . � `'�'�Iot�third,to amounts payable nnder paragraph 2;fourth,to interest c€w;.:;:ad last.ta principal due.
<br /> . �' 4. C6Arger�liens...Borrower shal!pay all taxes,assessm�n��:�..�ges.fines and impasitinas attributabte to the
<br /> •. .�'3Property which may atfain;,priority,over ihis Secarity Instrumeni.'�� li�sehold payments oi grourid rents, if any.
<br /> : ,�orrower sball pay these adligations srr the manner provided zr��.�t�rap�2,or if not.tsar�in that manaer,Barrowec shall - •
<br /> , .�-._ �ay them on time direetiq W the persrsr�owed payment.Horra�+�sh.�IS gromptly fisrai_�to Lendec all notic�af arnounts ,
<br /> �.ao be paid under this.pasag�aph If Horrower makes these pay"r�:ts�ire�t;;Borrow�e:sI�all proi�s�tly fumish to I.ender
<br /> � •
<br /> Qeeeiptsevidrncingtf�a�yments. �.,.. � ._
<br /> Borrower shalt�sr�mptly discharge any tien which has priariry o�eK this Security Instrumc�c unless Bonower:(a) ? � " ;
<br /> agrees in writing to the ppyment of the obligation secured by the lien in a manner acceptabte to Lender,(b)contests in good " .
<br /> faith the lien by,or defends against enfotcemeni af the lien in.legal praceedings wbich in the Lender's opinion operate to { � :
<br /> prevent the rnforcement of�he tien or forfeiture af ar►y part of the Prapeny;or(c)secures from the holder of the lien an . _
<br /> agrament satisfactory•tm Lender subordinating the lien to this Security Instrument.if Lendes determirtes that zny part o�'
<br /> the Property is subja�t tm a Jien which may attain priority over this Security Instrnment,Lend�c may give Borrawer a -
<br /> nolice identifying th�fien.Borrower shaD r,atisfy the lien or take one or more o`the actions set farrii above within 10 days _
<br /> of tht givingof notice. '. .,
<br /> 5. ��zard It�amrance. Barre�•er shall keep the imFrr.sements now eaisting or tic�ft�erected on the Property �
<br /> . insured agaiiist loss 6y&re,haxards included within the terra�°�xtes�ded caverage"and'assy ott�er.�t�:rds Por which Lender �
<br /> requires insurance. Tiri�insurance shaq be maintaiaed in tt-��amaunts�r..�far the periads thae�.ender requires. 'The �
<br /> insurance carrier proi�:dsng the insurance sha116�chdsen hy C3�rfrower sa'�ject to Lender's appri.±a:�S which shal)not be ;.
<br /> unreasonablg withheid. , �;: .j:
<br /> A!1 iva�';�rance policies and reaewals shalt be aceeptab7_to Lender and shall include a sta^�ard mort�a�clause. : 4� �::
<br /> Lender shall livae tite right to hold the policies�rr.ct renewals.lf lxnder requires.8onower shall�r�wptly gi:��.6 Lender � �r ''�`
<br /> .� ��.
<br /> all roceipts ef p2t��Srerrtirams and renewal renticc.�..t�the event of toss.Barrower shall give promgt,-o�ice to ihe insutAnce ;� � �
<br /> carriec and t,end�r.�.f�:may make Rresmf�fG�,;Y;f reot made promptly by Borrower. . ';;�',�.
<br /> Unleas i.ender ar.d Borrower atherw i�x agree io writing,insurance proceeds sh�E ts:agpl;ed to resto�ation or repair• t �,
<br /> � oi the Property damaged.if the restcsation or repair is econamicalty feasible and l.en�tr`s secusity is not tessened. If ihe � . r" �
<br /> . .. restoration or repair is rt�t.ecanomically fesisib[e ot�Lender's security woutd 6e tessened,the insurance proceeds shall i�e � �,, �
<br /> applied to the sums�red by this Security lustrument,whether or nut ihen due,with any exccss paid to Hottnwrr.�IP � ;. �
<br /> Horrower abgndnns thc p'roperty.or does not answer within 30 days a notice�rom Lender that the insurance carrier has
<br /> ofiored to settle a claim.then Lender may coltect the insurrance proceeds.lxnder may us�the proceeds tn repairor-rebtare�
<br /> . .. . .___.. the Property or to pay_FUms secured by_this Security_Instryrnene�whether or�not then due��The 3U day peri�aiib��irr.�.._ .
<br /> � wAenthenoticeisgiven. . __.. _ . . .. .... . . . . .
<br /> . Unless Lender and Botrowet oihenvise agct�e in writing,any upplic�tion of praceel`.�`s ta�ztinciy-�1J.Ntta11 noE eas:�,��+�;s.� '
<br /> postpone tho duo date vf the monthly payments referred to in parvgraphs 1 anc3�2 or cPra��..chp�mcu,!�r�d�of the�paym%nas�ll"4`. .
<br /> under paragraph t9 the Property is acquired by l.ender,Horrower's right to any,insu.�uase po�icces and prncee�s�t�u!:ing '' ��.
<br /> from damage tn the Property prior to the acquisition shal{pasy tn��.ender ta the exten9��S4Nd�nums secured by this 5ecurit�• �� "
<br /> lnsirumeni immediately prior ta the acquisition.
<br /> 6. Preservation and Mainteeance o!Property;Leasehfltds. Bptrower shall not dest roy,damage or substantially
<br /> chartge the Praperty. �1low the Propercy to deteriarate nr commit�waste. It'this Security lnstrument is on� leaschotd�
<br /> Borrow�r shnll�omply with the provisions af Ihe lease.and if Harc�wer acyui:es fee tiUe to the Property.the teasehold and = _— __
<br /> fce title sh�)i not merge unless Lender agrees ta the merger in��riting. +
<br /> 7. i'rotection of I.eeder•s Rig6ts in the Property; Mortgage lnsurance. IP gorrc�wer Pails to perfi�rm ihc �
<br /> covenantsand bgrrements cont�ined i»this Secunty Instrumenl,or there is a legal praceevling that may signifirun�ty�fi'ect , ,
<br /> Lender's rights�in the Property (such as a proceeding in bankruptcy. probate. for c�ndemnation c�r to enforce laws or ,
<br /> - - r�gntatians).ficen t,ertder may da an�pay far whatever is necessary to pmtect the vafue af the t'rrc�erty arrcfr Leirrcfer s rig.id, - `
<br /> in the Propeny. Lrnder`s ectinas m�y inrlude paying any sums serured by a lien which has priariiy n4er th�s Security .
<br /> L fnsttument:oppeatiiig in court.paying reasonable attorrteys fees an�l entering�►n the Pr�rperty t�i nlake repairti.Althnugh
<br /> Ltatler tnay t�lce aetion uttsier ihis paragra�+b 7,Lcndcr daes not have to do So
<br /> Any amaunts disbursed by Lender under this pa�agr�ph 7 sh:tl!tTecame add�t�ona!debt E�f Ilnrrower sccutcd by thtv
<br />- 5ecunty Instrument.Unle'ss l3orrower and Lender agree tc�cjther tem��af pa}ment,the�r:�me•unic sh�iU h�ar intere��from �
<br /> the date of dtsbuts:.ment at the N��tc tate and ch�ll be p�yablc, u�th mtrre�t, upi�n ns�tuc frarn 1 rucicr t�* Rnrr�+�icr y�j�
<br /> reauesung psymcnt_ -
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