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<br /> . . -,: � ; � 90-° 1 Of 662 . .
<br /> UxtFOx!ot Cov�tva�'s. Bosrower and i.e��rcove�ant and agree as follows: �" ,
<br /> . l. Paymeat of Pcincip�al and Iateres��repsyment:and I�te Cbarges. BorcoRer shall pmmptly pay when due
<br /> the princtipal of and inta�st an the debt e�ideacedb�_the Aiote and any prepayment and late charges due under the Note. '
<br /> 2. Faeda tor Tues and Iasw�attce. Ssb�rt to applicab2e taw or to a a ritten waiver by Lender.Hanower shall pay �
<br /> ' � to Lender on the day monthly payments ai�:d.t��urtdu tke Note,until t6e Note is Qaid in full.a sum("Funds"�equal to � ,
<br /> ono-twelfth of: (a)yearly taaes and assessrristits, v`hi.h mas� attain priority over this Security Instreiment; (b) yeady
<br /> 2easehold payments a�gronnd rents om.thc�Ptop�exty, if any; (c) yeariy hazard insurance_premiums: and (d) yearly
<br /> � mostgagt insnrance prrmiums,if arjy,'I'ftase.irecns are catl�•`escmw items."Lender may estimate the Fuads due on the �
<br /> basis ofcacrent data and reasonabtesstiraafce�.of future e�scrow items. '
<br /> Tha�nds sha11 be t�etd in:an:insfiirtu�ll�n tke deposits or accounts of which are insured or guaranteed by a federal or
<br /> : stata ageaay{inctuding Leader�if J�udQcci3�a:3�an institution)_Lender shall apply the Funds to Qay the escraw items.
<br /> - i.tndet.may�,rcat�chargef�r:hbld"ui�,���ai�3p�}�g the Fuads,ana{yzing the accaunt or verifying the escroa items,unless
<br /> ' Ixndelr.p��ts;BOrta�;qit+�rs�tt�dg�t��i.ttr3s�and applicable law permits Lender to make such a cbarge.Banoaet and
<br /> 1�. , � ��r�taay�'agctc,iri��writing��t►�t•r�sba}1 be paid on the Funds. Untess an agreetrtent is made or agplica6le 1aa .
<br /> . . �•:�� ', %�-regriires inierest to b�`pai-cl;Let�dw:_�-�'�,.�-�-EE a�t be required to pay Borrower any interest or eamings on the FuPds.Lender
<br /> : ° "'!�����':�:,,;,'`` sha�l give to Borro�e,.-�aithout c~��.�.,-��;�:�ual accounting of the Funds showing credits and debits tfl the Funds and the
<br /> . . - purQos�for whic6 eacfi de6it to i����nds�as made.The Funds are pledged as additional securiiy for the sums secured 6}� -
<br /> this Security tastrnmen� -. .
<br /> � If the amount af the F�aeId by Lender,togethe.r with the future monthiy paymenu of Funds gayabte prior to .�. .
<br /> , � ' the due dates af the escrow ite�,.'s�iall exceed the amotua2 required fQ�ay the es¢raw items when due,the excess shalf be. �
<br /> at Barrower's optiore,either prc.~-_.:�ti�r repaid to Borro�ir Qt credited to Borrowec on monihly payments of�cr,�ds.If the " � "
<br /> ' � amount of the Funds held 6y L.��is not sufficient to pak�tf�e escrow items whei�due,Bonower sba11 pay t�a II:ender any :
<br /> amflunt nec�sary to make up E�a��eficienc�r is�one or mar�r,,Wyments as required Ts1:Lxuder. � _ �
<br /> , Upon payment in falt a`�sums secured by this�rity Instrument,L�:i shall promptty refuad.tfl Sorrower �
<br /> , ariy Funds held by Lender.If¢.3�er paragraph 19 the Pr���:,t.y is sold ar acquired f�y Lender.I.ender shall apply,no later
<br /> than immediately prior to the$ale of the Property or its acuciu�tion by Lender,any Funds held by Lendec ai the time of .
<br /> ' application as a credit against the soms secured by this Secesrsy Instrument. -
<br /> 3. Appltcatio�o!Paye�ents, lJniess applicable taa�,ravides otherwise,all payments received tsy II.ender under
<br /> • paragraphs 1 and 2 shall be app�ied:first.to late charges d�wtder the Note;second,to prepayment charges due under the
<br /> Note;tbir�,to ar.�ounts pa�•able�nder paragraph 2;fourth;to interesi,due;and last,to principaldue.
<br /> � 4. Charge�&��eas_ �rrower shaIl pay all taxes.assessmea^:�,.charges,fines and im.��Ctions attribuisble to the
<br /> Property which ma��'atta��it�arity a�e:c�Security Instrumen�,�d leasehold payme�t��r ground rents, if any. .
<br /> Borrower shall pay t�aese o�?i���r�s in th�:nanner provided in para�rph 2,or iP nat gaid ir t!":zt manner,Borrower shall "
<br /> • pay them an time direedy to tEs��rson owed payment.Barrawer sha}t promptly fumis�i ta b.e�der all notices of amounts �.
<br /> to be paid under this paragraph. If Borrower makes th�se paynsents directly.Borrower shall promptly fumish to Lender �
<br /> receipts evidencing the payments. ��
<br /> Borrower shali promptly discharge any Jien which has priorit}Eiver this Security Instrument unless Borrawer:(a)
<br /> agrees in writing to the payment of'the obligation secured by the lien in a manner acceptable to Lender;(b)contests in good � .
<br /> faith the tien by,ar defends against enforcement of the lien in,legal proceedings whicb in the Lender's opinion operate to . .
<br /> prevent the enforcement of the lien�r forfeiture of any part af the Prope»y:or(c)secures from the holder of the lien an °
<br /> agreement satisfactory to Lender subordinating the lien to this Securi.*.c �nstrument.If Lender determines that any part of .. � :;
<br /> tkc Property is subtcu.to a(ien whicb may attain priority ovrr this��:urity lnstrument, I.ender may give Barrawer a :-�
<br /> notice idrntifying the"rcex�. Borra�er shall satisfy the lien ar take one c:mare of the actions set�'es�h above within!0 da}� _
<br /> afthegiv�ngof'rios*.re. ". -°
<br /> S. H�a�g4s�rance. 1�3rrower shall keep the ti��ret�^e-�4 now existing or hereafter erected on tt�e Property � � �
<br />; insured against 1cr:�s�.� fire.hazards included within the set�c.exter.�-�,.�ws��rage"and any othez�azards for which Lender ;
<br /> , requires insuran:.�. 7�?�?is insurance shall be cr:aintained:� a':r ar,��-.�and for the periods si�3t Lender requires. The
<br /> insurance carrier;�r�iding the insurance sr�:!be chase� :;� Bo*roaer subject ta Lender's approval which shall nat be
<br /> . t�nr�.sably withhetd. � ' }
<br /> , . Ar!insuranre palicies�a;a�*enewals shall be aeeeg�able to l.ender and shall include a standard mortgage clause. �. � �
<br /> �1t.er.��:s'�all ha��e cF.��ight to#:�:�t3�e policies and renewals.If Lender requires,Borrower sha�!promp�ty give to Lender � � ' '�r
<br />� aU receipts of pa�c�p:s.�-,:iums4.�senewal ra;.tr�:rs,In the event of los.�..C�arrower shal)give p�c�pt notice to the insurana. ".�.
<br /> , carrier and�xnLL`*�G.�:der mag matce prao4'ct"foss if not made promptiy by Aorrower..
<br /> tJnless Len,�:::nd Berrescr:.r aiherwise agree in�Mrrcing,insurance proceed5�[��ll be ap�>:ed to restoration or repair x
<br /> . of the Property da:r:"ie.d.if'the restoration ot repair es ec,�^.��omically fezsible and(�der's tiecl.:rity is not lessened. lf the •
<br /> restoration or repa.er��:not ecaaomically feasible or f:..�;.:,d�r's securit}ac�uld be lessened,the i:ns�:rance praceeds shall be �
<br /> applied to the sum,��cured�y this Security lnstrum�!�,whether aF n�ae then due, with any cr�;,�s paid to Borrower. li . �
<br /> Borrower:tband�r,.tf�e Property.or doea not answer��.ticl-in 30 daysa zotice from l,ender tlZ�t ahe insurante carrier has
<br /> � � offered to settle a claim,then Lender may collect the insur.ance prc�ceeds.Lender in.a��use the proceeds to repair or restore..._
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<br /> --���--�- �- � e roperty or to pay��sums secured�by�this Security Instrumenl.�tvliether or ii,7i�ili�ri iiue. The 30-day p�iad will begin
<br /> whcn ihe notice is given. �
<br /> Unless Lender and Bovrower cnherwise agree in writing,any a;�pii�stinn c.f pr�xeeds to principal shall not extend or '
<br /> postpone�he due date af the monthly paymrot�refcrred to in paragra�lis l and 2 or rhange th�st:tvunt of the paymc»ts.iP
<br /> under paragraph 191he Property is acquired by LenJer.$orrower's rcght to any insurance 17��N+:ies and proceeds resuiting
<br /> from damage to the Property prior to the acquisition shall pass tn Ixrtdcr t�the extent of'the�ams secured by this Serurity
<br /> Instrument immediately prior to the acquisition.
<br /> 6. Presesvationand Afaiatet�rtce otProperty;l.easehotds�. ki��rrower shal(not destrny,damagc ur substantiaUy
<br /> rhange 1he Propeny. alinw the Proper�y to deteriarate��r rammit wa5te. lf this Security Instrnment is��n a Ieasehald,
<br /> � 8orrc�wer shap compJy with the provisions nf the te�ase,and if fiorrower:scyuires fee�itle tu the Property,the lca�ehnfd and %-_`_
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