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<br /> I '9�.� 10180e �
<br /> ` � Ux�oxr�Cpv�xn.�vTS. Bonov►er and Lender cov�nant and agree as followc: • �
<br /> � 1. Payment of Piriacipal and Interat;Prep�ymeat and I.�te Cbarges. Borrawer shall promptly pay when due
<br /> � the principat afand interest on thc debt cv�dcnad by the Note and any prepayment and tate charges due under the Note.
<br /> � 2. Fund4 for Tues and Insusattce. Subject to applicable law�r to a written waiver b}Lender.8orros�er shall pay �
<br /> to Lender on the day mnnthty payments are due ander the I�tote.until tfic Nate is psid in fulf,a sum("Funds")equal to
<br /> (� otte-twdflh of (a) yearJy taxes and assessments which may attain priority over this Security Instrument; (b)yearty
<br /> 1 Ieasehold payments or gtonnd rents on the Property, if any; (c) yeart� hazard insurarice premiums; and (d) yearly
<br /> mortgage insurance premiums,if any.Thesr items are ealled"escrow items."Lertder m3y estimate the Funds due on the
<br /> basis of currem data and reawnabl�estimates of future escrow items. _
<br /> The Funds shall 6e hetd in an institution the deposits or eccoums of u�hich are insured or guaranteed by a federal or
<br /> state agency(induding Lertder if Leuder is such an institutiony. Lender shall appty the Funds to pay the escrow items.
<br /> Leztder may not charge for hotding aad applying the Funds,anatyzing the account or verifying the escrnw items,upless
<br /> Lender pa}�s Borrower interest on the Funds and apptirabte taw permits Lxnder to make sucb a charge.Bvtrowa and
<br /> I,ender may agree in writing that interesc shall be paid on the Funds. Untess an agreement is made or applicabte rlaw
<br /> requires interest to be paid.Lender shall not be required to pay Borrawer any inter�t or earnings on the Funds.Lender
<br /> shall give to Borcower,arithout.charge,an annual accountiag of the Funds'shaaring credits and debits to the Funds and the
<br /> purpose for which each debit to the Fnnds was made.The Funds are pledged as additional security for the sums secured by
<br /> this Security Insirument �
<br /> ' - � -'` If the amotmt afthe Furids ize[d by I.ender,togeiher with the future monthly payments of Funds payabte prior to
<br /> �� the due dates of the escro�r iums,shap eace�the amount required to pay the escrow items wlte�i du�tbe eacess sball be,
<br /> � � at Bonower's option,�t�er promptly repaid to Born�wer or credited to Borrawer on monthly pak�ients of Funds.If ihe.,- .
<br /> .. .. . ..._.amnvnt of dse Funds fleid iay I.ende�is not s�aemt to pau the e�crow%tems e�h�x clsse,Sunacccr�-k�It isay to I�est�..�r ai�r:'-::.'_; � � .
<br /> � � � ainount aece.ssary to make up the deficiency in one or more payments as required,by Lesider. � �;'�' �`=`� � � ' .� ,
<br /> , Upon pay�tnent in full of all sums secured by t6is Security Instrument.Ixnder shall pramgtly refund to Borroviret;�;;
<br /> � any Funds held by lxnder.If under paragraph I9 the Property•is sold or acquired by Lender,L�shaU apply,tj���er.:`.�=.
<br /> chan imm�diately prior to the sale of the Progee�:�r 4ts.acquisitian by Lender.any.Funds h�td�r iL.ender af the kime.'of: �
<br /> application as a credit against the sumssecured b��Seairity.Instrument. , , . . ' ,
<br /> 3:- ApplicatEon ot Paymeets. Unless ap�y�.r:_F�e�cw p*ovides otherwise;alt payments received by Lender uad�;
<br /> . paragrag��2nd 2 sha116e applied=�FS�,.tv late c2sasges�ae 3i::s3er t�e Not�second,to prepayment charges due iiu�erffie��'.
<br /> Not�thirc�€uamounts payable un�gasagta�!x:�fourth,ro interest da�and last.to principal due. �
<br /> 4. .C�eaages;Lfeas, Hono�-�s shat�pQ�r..'1.taxes.assessments,d��es,fin�and impasitions atuibutabte'W trie . �.
<br /> Property R�i�`� may �u*ai� priorit�,o�er�tt�s 5�;°s�t±r [ristrument, and �easehold paymenu or ground rents;a��n�.
<br /> Borrower s��ay these flbJigations�r_�e ma.�s:.�����..�.�ir.paragraph 2.or if not paid in that manner,Bori���+..a1� .; . . � ' '
<br /> pay them oT�.rne d'uectly ta the pers�,^�o�ed�a3��...r,���u•�+er sha11 prnmptly furni�h to Lender ali notices af�,.���nts . � .
<br /> to be paid u��er this paragraph.If�onower-�i��?sese payments directly,Banpaer shall promptly fumish t��iter _ .
<br /> receipts evidencing the�cments. . _
<br /> Barrower shall�.^�n�ptly discharge any it��which has priarity over this Security Instrurii�antess Borrower:(a) '
<br /> agrees in writing to the payment of the obligation secured hy the lien in a manner acceptable to Lender,(bj contests in good ,�i
<br />_� faith the fien by.or defends against��a`otcemeni of the tien in;legal proceedings which in the Lender's opinia�eperate to
<br /> prevent the enforcement of'the lien'6z fcrfeitare of any part of the Preperty;or(c)secures from the hotder af the lien an . _
<br />°' agreement satisfactory to Lender subord'nr�r�she lien to this Secnrity Instrument.If Lender determines that�ny part aP
<br /> the Property is subject to a lien which ma�=�ain paori*.y over this Security lnsirument, Lender may give Bonower a =
<br /> notice idenNfying ihe lien.Bonower shaU satisfy the lien or take one ar more of the actipns set fortFs a6ove wethia 10 days :. .;�
<br />�°� ofthegivingofnotice. -- � �':�
<br />��' S. Ha�rd Insur�nse. Borrower shull keep�he improvements now existing or hereafter erecFecl an tf��Praperry t
<br />" . ��.insured against tos.c byfire,hazards included wit".in the term"extended eaverage"ancl any other har,�r�for which Lender
<br /> requires insurance. This insurance shuli be maieeained in the amounts and for the pericxls that �.ersder requires. The ;tr�
<br /> insurance carrier providing the insuraaee shall be chosen by Borrower subject to Lender's approval which shal!nat be •°�
<br /> unrcasonably withheld.' , t
<br /> All insurance poliaies and renewats shalt t�e acceptable to Lender and shali include a standacd mortgage clause. 4 �
<br /> l,ender shall have the right to holA the poli�ies and renewals.If Lender requires,Borrower shall pramptly give to Lender '����
<br /> all receipts of paid premiums and renewal notioes. ln the event af loss.Berrower shall give prompt natice to the insurance �
<br /> ' carrier and Lender.Lender may make proof a�las�if not made promptly by�8�rrawer. • • �� '� .:
<br /> Unless Lender and Borrower othcrwise a�ree in writing,insurence proceeds shs�l bc applied to restoration cr rc�zir � ' '�
<br />. , ' of the Property damaged.if the r�.t�::rati�n oe rNpair is economically feasible and Ler.3er e security is not lesse,:�ed. lf'the ' .
<br /> restoration or repair is�ot economicrslty feas�tr[c or Lender's securiry woutd tre lessened,the insurance proceeds shall be
<br /> applied to the sums secured by this 5esurity IR4±rument.whether or nat tl:en due,with any excess paid to Borrower. li' �
<br /> Bonower abandons the Property,ar ducs not ansaer within 30 days a neEice from Lender that the insurartce carrier has
<br /> '. offered to�se�tle a claim.then Lender rn:�y collect the insuiance proceeds.Lertder may c�se the procceds t�repair°or restore
<br /> the Properag ar to pay sums secured 6y this Security lnsttument. whether or not the�due. The 30-day peric,��rtll besin
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<br /> �_. ....---� -� -w �en t �e=,arir�is g�ven. ,
<br /> Unless Lender and Borrower otherwise agi'�e in writing,any applitrtcan o€�SS�c��e�ds ta princ*�ra1 shall not catend or
<br /> avstpone the due date of the monthly payments cef'.rred ta in paragraphs.l:zr_d 2 or chazge the amey�rt of th�paym�nts.lf.
<br /> under paragraph 19 the Property is acquired by t:ender. Barrower's ri�ht to any insurar�e palicies and proceeds resuiting
<br /> '�� , fr�m dam:igs to the Pioperty priat to the acquisition shall pass to Lender to the extenF c�the sums secured by this Security �
<br /> � lnstruma�st immediately priar to the acquisition. • ' '
<br /> , 6. Preservatioe and Maintenance of Property;Leaseholds. Borrower tihall nc�t destroy.�amage ur substantially ?��
<br /> ' change the Praperty.altaw ihe Property to deteriorate nr commit waste, IP thiti Sccurity-Insrrt�ment is un a teasch��td, �
<br /> `� '• Borrower shali cumply with the pravisions of the learc,and if Borcower acyuires fee title tn the Pmperty.the leaseh�ld and � _ _
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