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<br /> . UntttFtiRle OovEtaAt�tTS. Bonowec and Leader covmant and agree as foltows: � �0_. 1 a 1�7 2 9 `
<br /> 1. Psyseat of PrtrtlDal ard Iutere.s�Prep�ym�qt�nd Iste C6arges. Bonower shalt promptty pay when due :
<br /> the p�incipat of and inttrest on tht debt tvideacxd by the Noie and aay prepayment aad late cbazges due under the Note. � .
<br /> 2. Fonds ior Tues aad iasa�nce. 5nbiect to applirable!aw or to a writtcn waiver by Lendet,Bonower shatl pay .
<br /> � to Lender on the day monthly payments are dttt nnder the Note.uaril the Nate is paid in full,a sum{"Funds")equal to
<br /> ano-tweUth af: (a) yeatiy taues and assessments which may attain Erriority over this Security Instrument: (b)yearty
<br /> Iqsehoid paytn�nts.or ground rents on ttes Property. ii any; (c) Yrariy hazard iaswance premiums: and(d3 Y�1Y
<br /> � martgs�e insutancx prenuums,if any.Tdac items ar�called�"escrow items."Lender may atimate the Funds dae on the �
<br /> 6asis ofcurrent data and rensana6le estimates of futu�escrow ituns. ,
<br /> 'I6e Funds sl�aU be held in an institudon the deposits or aocounts of wbich are'inswed or guarantad 6y a fe�deral or
<br /> scate saaicy(inclnding(.ender iF Lrndec is such an institution).Lendu shail apply the Fut�ds,to pny the�crow items. � �
<br /> Lende�tnay not ch�rge far holding and applying the Fnnds.analya3ng the account or.vcrifying the escrow items.uq�tess • �
<br /> , l.ender piys Bosrower interest an the Funds and applicable la�w permits Lcndu to mske such a cbarge.Borroarer and ,
<br /> . Ltnder msy agree in writit�g that interest shall be paid on tha Funds. Unless an agreenaent is made or appGcabk!aw ��,
<br /> requires inteast to be paid, iknder shall not be required to pay Borrower any interest or earnings oa the Funds. Lender,�� '
<br /> ; . stWl give to Bomnwer,without charge,an annaal accounting of the Funds shawing credits and debits ta the Funds an�d tt�e�" �:;.;_.��'' �':- •
<br /> � purpose for which eaeh debit to the Funds was made.Tlit Funds are pledged as additional security for tlie sums secured by `��'�:•� �
<br /> , this Security lastrurnen� _ . . - - � . �':;r;;�:'
<br /> If the,amount of the Funds held by Lender,tog�thu with the futun raonthly payments of Fureds payable prior to " .
<br /> . the due dats af the escrnw iiems,shalt�cxc�d ths at��ur�t r�}uered to pay the escrow items when dae.tt��raccess sI�at)b�, ',
<br /> at Borrawer's tian.either rom tl 'd to BascQwer or credited to Bomnwu on monthl a '" '� ' ��" "
<br /> dP P P Y� y P Yme�ts of Furi-ds.If,tha. � �,�','` %
<br /> , amount of tke Funds heid by I.endes is.not st�'tcient to pay the escrow items when du�Barrower sF�al!pay to L��tei•any , : � � -
<br /> • amount n�oessary ta make np the def ciency in one or mare payme�.ts as requirod by Le�r�:�.:;', , � ,
<br /> Upon payment in fuil of all sums secwed by this Sec��astruiaem�.I.ent3ers��.�ampttr�refimd to Borrowe�. " � ';': :'
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<br /> ' . any Funds held by Lender.If under paragraph 19 atr��ropecty cs sold or a�*td by I.��r;'Len�er,�all apply,no tater;., ; • '
<br /> . than immediately prior to the sale of the Property�4 i�s acqati�on by Le��r,anY P�����td by A:a��er at the tintt of ;,.;:;::1;,;;�-
<br /> apQlication as a credit against the sums secured by t�5ecurity:�:�strument. - � � , '
<br /> ' . 3.. AppUcat[an ot Psymeafs. iJntess appli�bte!aw provides otherwise.aq pay�i�iis reecee�ved by Lender under '
<br /> paragrapM 1 and 2 sha}1 be apptiod:fttst,to tate c�es due under the Notr,saaond,to pre�aymentcy,'�arges due undes the
<br /> Not�third.to amaunts payable under paragrap�Z;Caurth.to interest due;aad last.to principal$vi�:'��, � �
<br /> • 1. G1�es;Ltens. Barrower shall pay aA tazes,assessments,charges,Snes and�snpositia�a4tn'butabte to the
<br /> Properiy which may attain priority over this Security Instrument, and leasehold pa�ents ar'giound rents,��f any. . , �,
<br /> Borruwer sball pay these obligations in the manner provided in paragraph 2,or if noi paic�in that manner.Borrower shall -
<br /> pay them on time direstly to the pecson owed payment Borrawer shall promptly furnish�to Lender aU notices otamounts. .::.::.;,, . ' _
<br /> to be paid under this paragraph.If Horrower�reaFcc,�t�ese payments direetl�;7�ttower shall promptiy#'urnish ta Lender ;;.:;;�.;;_- , .
<br /> rec.etpts evidencing the payments. : , ` .:, � , . - . .
<br /> Borrower shall promptly discharge any ine���ich has priority over?t1t!;s Security Instrument nnless Borrawcr.(a) • .
<br /> agras in writing to the paymept of the obligation sr�;.red by the lien in a manaer acceptable to Lender;(b)contests in good . .
<br /> faith the tien by,ar defends against enforcement�£t:he licn in,legal proceedings which in the Lender's opinion operate to �
<br /> prevent the enforcement of the lien or farfeiture of:,�ny part of the Propeny;or(c)secures from thc.holder of the lien an ' ��
<br /> agrament satisi'actory to Lendes subordinating t&e➢itn ta this Security Instrument.If Lender deterniines that any part of � =
<br /> the Property is subject to a lien�vhich may attain priority over this Security Instrument, Lcnder tnay give Burrvwer a . ---
<br /> notice identifying the tien.Borrower shall sasiisfy the lien or take ane or mare of the act'sz►ns set forth above witljui'ld days � ;,.�
<br /> of ths giving of notice. < �, • ;�: . � � -�
<br /> S. Ha�ard tnsurance. Borrower shali keep the improvements now eaisting or hereaftcr erected on the Fmperiy, � :: ' ' ;'.�
<br /> insurod against toss by fire.hazards insladal within the term"extended coverage"and arsy other hazards for which Lender,�;,;,� .. � `,��:
<br /> rcquires insurance. This insurance shall be maintained in the amounu and for the periods that Lender requires. 'i'he � �; � � ��;.
<br /> . insurance cartier providing the insutana shall be chastn by Borrower subjeet to Lender's approval which shall;.got be ' ��
<br /> unreasanably withhbld. � �. :' i . `�
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<br /> All insurance policies and rcnewals shall be acceptable to Lender and shall include a standard mortgags�a��use. , , _+��
<br /> Lender shall have the right to hold the policies an�renewals.If'l.ender requires.Borrower shall promptly give to Lenc�Cr. '`"�'''�
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<br /> all teceipts of paid ptemiums and renewal aotice.g.In the event of loss.Barrower shall give prompt doti¢e to the iasuraace;�•. .;<��
<br /> carrier and l.ender.Lender may make proof of lass iPnot made prompily by Horrower. . ' �` . :: �� . . .� �,. �,.
<br /> Unless Lender and Borrower oiherwise agree in writing,insurance proceeda shall be applied to r.estoration or repair, ,,,"' '
<br /> of the Property damaged,if the restaration or repair is economicaliy feasible and l.ender'�s�security is not tessened.If thg�:' ;, . � . �
<br /> restoration or repair is not economically feasible or I.endcr's security wnuln�Lhe lessened,the insurance proceeds shap.bo. � ".
<br /> applied to the sums secufed by this Security Insanimxnt,whether or not tt.en due,with any excess paid to Borro�yer.,�f�. �...'
<br /> Borrower abandons the�rmperty.or does not ans�vr�within 30 days n notice from L.ender that the insurance earricn hus �
<br /> o8ered ta settle a claim,then i.end�r aiay collect t�ze i��;c�rance��oceeds.I.ender may use the proceeds to repatr ar cestore
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<br /> the Property orzo pay surrss secured liyihis See��r.ti;��u�"stiurrier.�t;whether as nofthen due.�Ttie�30-doy periad wi11'begin�-.- �� �
<br /> ` when the notice is give¢�. � � .
<br /> Untess I.ender and Borrower otherwisea�rac:i,�n writing.any appDira�:�n of proceeds to principal shall not extend vr `:• �
<br /> pttstpone Ihe due date of the monthly paymenis refe�red to in p�ragraphs i�nd 2 or change the amount of the puymet�ts.If
<br /> under Qaragraph 19 the P�aperty is acquired by Lender.Barr�roa�tr's right to any insurance policies artd proceed�r�suiting
<br /> from dam�ge to the Property prior to the acquisition shall pass to Lender to the extent oP the sums secured by this 5ecutity
<br /> Instrurnent immediately prior to the acquisition.
<br /> fi. Preserrat�on md Maintenance of Pra�erty;I,easefiolds. Barrawes shall not destroy.damage or substantialiy
<br /> change the Property.a11ow the Property to dettriotale ar rammit waste. li'thi�Security lnstrument is on e tcasehotd.
<br /> Borrower shall comply with the provisions of the lease,s�nd"a�'Borrower acyuires feetitic to the Praperty.the leasehotd and ''- --"-:
<br /> fee tiHe shall not merge unless Lender agrees to the tnerger ir��vriting. '
<br /> 7. Protection of Leeder's Rtg,bte in the i'roperty; Mortgage Insar�nce. ii' 8or�ower faits to perform the �
<br /> covenants and agrcements cuntained in this Security Instrument.or there is a legal proceeding that may signi6cantty affect '
<br /> . Lmder's riohts i�e the Prc��erty tsec3n as a proceed'sag':n hsnk�ptcy,�Sflbate.tsr'c€�nclems�tecut c�r tt:rsforse taws r�r - ' . : t. �.
<br /> regulatinns).then Lendct may do and pay fot whate j�er is necessary to protect the value of the Properly and i.ender'�rights ,
<br /> in the Yropetty. Lender s a�ti�ns may include pay�ng, any sums secured by a lien whirh hac prinri�y nver this 5ecuri�y � �
<br /> L lnshu•ment.nppe�ring in caun.paying reasnnable a(ttarneys'fees und entering on the proper�K t��m;�kc rcpau!�.Althuugh
<br /> t.endrt may tske actior�under this paragraph 7,Lender de�ey not hav�tn dn so. �
<br /> Any amaunts disbursed by I.ender unde�this pat�graph T shaq berome sclditiaRgl debt of l�c�rro��er�,ct ureJ by this
<br /> Seeurity�r�strument.Unles�garr��wer and Lcnder 9gree to other terms af payment.thcse amountc shalt bear mtcrest from I ��i
<br /> � the date uf disburaemrnt at the Nnte rnte und shall fie��ayabl�, wilh interc�t, ur�m n�+nre fra��� Le���cr a� tiarr6���er ��
<br /> requesling payment. i�
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