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<br /> � ��� 101958
<br /> � 11N�r•i�RM�ovENwNis fkirrawcr anci Lcnder ca�•cna�t aud agrce us follows�
<br /> 1. P�Y�f of Fri�etMl�nd Inh�at: P�epyinent�nd�tr C�h�r�. �kirrc�w•cr�hali pmmpily p�y whtn due
<br /> �he pr+�cipal oP�nd�ntcrt�l on!he skht cvidenc�i Poy Ihe iVotr Nnd uny prepH�rr��ent aud tate char�es due under the N�te
<br /> '�. Edhtb icrr T�se��utri I��r�rnet. Su�J:ct to e�s;�ticahfe law or to n w�ittcn��•Ai��er hy�l.cnder,E�nrrow•rr shell�+a�
<br /> � to l.ender on thc d�y monihly p��ments�re due undcr the Natc,un1i1�he Nate is pui�i in full,a sum("runds")equal lo
<br /> ane-tweltlh of, (�) ye�rly t��cea •nd �ssessment� which m�y �tl�in priority over this Securily Inst�umenl; ib) ye�rly
<br /> Iease6o9d p�yment� at ��ound rents on the Property. if�ny; (c) yeArly hsx�rd insurance premiums; and (d) ycarly
<br /> �nortja�t insuranes ptcmiums�if any.Thtse items art called"escraw items."l.rtider moy cstimate thc kun�s dur on thr
<br /> �si3 of ctirrcnt dat��nd resscx+abk Gsiimat�s of futurc rscrow items.
<br /> The F'unds sh�ll lx held in�n in�titution the deposits or accQUnts oPwhicA�re insurcd at QuAraateed tsy a�feder�l pr
<br /> �tate a�ency(includin� Lender if Lender is sucA sn iastitutian). I.ender Shsll�pply the Fund�to pay�he escrow items.
<br /> Let�der m�y not char�e for holdinj�nd�pplyin=the Funda.analyxina the accaunt or verifyin�Ihe esc�aw items,unlcss
<br /> 1,ende�pt�ya�x�ower intetest on the Funda�nd applicaibk t�w permita Lender ta make such a charge. Borrawer�nd
<br /> 1Rnder may ��ree in writin� that intercst �hall be p�id on the Funds. Unless�n �greetnent is m�de a�applicable law
<br /> rcquira intetest to be p�id,I.ende��hall nol be required to psy Aatrower�ny interest or eaminp an the Funds. Lender
<br /> shall�ivt to Borrower,without char�t.�n�nnwl accountin�of the Funds show�ins credit�and debit�to Ihe Funds�nd the
<br /> purpose for which ach debit to the Fund�Ma mrde.The Funds arc pkdjed aa�dditianal security for the�um�sacured by
<br /> tf�isSecurity Inst�ummt.
<br /> if the�mount of Ihe Fund�held by i.esder.totether with the future monthly payment�of Funds payable prior ta
<br /> the due data of the acroM items�sMll exceed tAe amount required to pay�he escrow items when due,thr e�cess shAll bG.
<br /> at Ho�ower'e option.either promptty ropaid to Borrorver or credited to Barrawer on monchly p�yment�of Funds. IP the
<br /> amount oi the Fund�held by Lender is nat suff9cient to psy thc esctow itemc when due,Borrower shall pay to Lender any
<br /> �mtwnt necessuy to make up the de8ciency in aoe or more psyments ss required by Lender. '
<br /> Upon payment in ful)of all sums secureo dy this Security Instrument.Le�der sh�fl promplly reftmd ta Barrawer
<br /> t�ny Fund�held by Lender.lf under par�anph 19 the Propetty is wld or acquirod by l.ender.Lender shall apply.�o later
<br /> than immediately p�ior ta the sak oP the Propeny or it�acquisition by Leader,any Fu�ds held by Lender at the time aP
<br /> � applicati�n�.�a credit�asinst the aums secured by this Security Instrumenl.
<br /> 3. AMlicatloM ot P�y�b. Unle.s.s applicable law p�oviJd�otherwise,all paymcntg reccived by Lc�der under
<br /> par�anphs I and 2 sh�ll be�pplied:Ant.to late charses due under the Note;second,to prepaymeat cha�ge�due under the
<br /> NotC third.ta amounts p�y�bk unde�panaraph 2;tounh,to interest due;and l�st.to principal due.
<br /> �. �ita;Lk�a. Aa��awer shall p�y�1�taxea,�.�sesamenl+.charga,fine��nd impositions att�ibutable to tlhe
<br /> P�roperty �rhich may �ttain priari►y.aver this Security lnstrument, and leasehold payments ar grounc! �ents. if any.
<br /> AorroMer shsll pay these abliaations in thG mannc�provided in para�raph 2,ar if not paid in el�at maoner.Bc�rrawer shal! '
<br /> p�y tttem on time dircctly to the persan owe�payment. 8arrawer shall promptly furnish ta l.�adet sll�aticec af amaunts .
<br /> ta be paid under this p�rs�nph. If Eiorrawer m�ke�these payments directly. Borrvwer shall pmmptly furnish to l.ender
<br /> receipts evidencing the psyments.
<br /> Borrawer shall pramptly discharge any lien which has p�iority over�his Seruri�y Instrument unlexs Bnrrower:(a3 . '
<br /> � :grw�ii£ir�tiiij 2d i�i2 pi�iiiFli d���1E:�IiaQiltii ScCiiic�by it2=ICii in i tii�fiitCi ar:�plat�l:tc Lender:(bT resai�ss in goo� • �
<br /> faith the lien oY.or defends�gainst enforcement o1'the lien in.fegal proceedings which in Ihe Lender's opinian operate ta
<br /> p�evtnt the enforcement of the lien or forfeiture of any pari of the Praperty; or(c)sccure+fram the holder af the licn an
<br /> w�eeentent tati�!'actnry tn I.en�ltr euhnrdiPx!!!!o 4h����n tn thic Gruri�v Inatnimrnt. If I.ender determine.c that any nart nP - ~
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<br /> the Property i�subject ta a lirn whii:h may attaln priori�y aver�his Security Ins�rume�N, Lender may give Rcirrowrr a
<br /> notice identifyina the lirn. Borrower shall sxtisfy the lien or take ane or mare of Ihe actiuns sd forth abave within 10 dayc � -
<br /> of the�ivins oinotice. . `
<br /> S. Hwrd Ia�raece. Borrower shall keep the imprnvements now eaisting on c��cafte�etected on Ihe Praperty ;;'�
<br /> insured a�ainst loss by fire.hazards included within the term"ectended coveragc"and any ather harards far which I.ender '
<br /> rtquire�insurance. This in�unnce shatl be maimainc� in the amounts and fi�r the periods �hat Lender requires. The
<br /> insunnce came�prQVidia�the insuranoe shsl)De chosen by Borrow•e�subject ta Lender's approvei which shall not be
<br /> unreason�bly wi�hheld. `
<br /> All insurance policies and renewals shall be acceptable to I.e:�der and shall include a standard mortgage clause. �
<br /> i.ecede�shaU 6ave the right to hold th�policiee and renewals. If Lender requires.Sorrower shall pramptl►:€�ve to Lender `
<br /> a!t ceceipta oE paid prerniums and renewal nrnicrs.In the event�f Icns.Borrov►��er s'hal)give prompt notice to the insurance �
<br /> carrier a�d I.ettder.Lender may make pr�f of loxs if�ot made pramptly by Iic�r:ower. �
<br /> Unless I.eader and Bonower otherwise agree in writing,insurance ptocteds shall t�r s��:icd to ratoration or repa�r �
<br /> . ol'the Property damaged.if the«storation or rcpair is economically feasible and l.ender's scrwci�y is not lessencd. If the '
<br /> restorxtion or repair is nat a�c.►nomically feasible or Lendtr's security w•ould be tassened, �he�nsurance proceeds shall be
<br /> apRlitd to the sums securM hy this Security in�irt�rrent,whether or not then du:, wi�h any eacas paid to Borrower. If
<br /> Borrower abandons the Praperly,or does not answrP w•ithin 30 days a noticr from Lender t�at!he insurance carrier has
<br /> oA'ered to seltle a claim,then Lender ma}eullect the insurance�roceecis.Lender may use 1hr procetds to repaic or resiorc
<br /> the Property or to pay sums secured by this Secunt} Lnstrument,w�hether or not thcn due.The 30•day pericxi will begin
<br /> �Eten�he�otice is givcn.
<br /> Unitss Lender and Horrowe�othetwis�agree in w�riting,any applicatinn�S pnxeeds to principal sh31t not extend ot
<br /> postpone the due datt of the monthly payments rtferre0 to in paragraphs 1 and�or changc the amount of the paymcnts.If
<br /> under puagraph 19 tht Property is acquired by lxnder. [3orrower's nght to any insuranre pce��cus and procerds reculting
<br /> ftom dam�te tu the Properly prior to the scquisiliori shall pass to l,cnder ta the:xtcnt of t`;t sums scrurcd by this Security
<br /> instrument immediateiy prior to the aequisit�on.
<br /> 6. Prpee�atioe and 111atntenancs ot ProPerty;t.easeholds. 13�rrower•hall n�t de�tr�y,damagc or substantially
<br /> changt Ihe Property.allow the Ptoperty to deteriorate or cammit waste. N' this Secunty Instrument �c on a leacehold,
<br /> Borrower shall comply with the provisions af the lea�e,and if Borrower acqmrrc fee t�lk to�he Property,�he leauhold and
<br /> fet title shall not merge unl�ss L,ender agrces to the merger m wnting. _'_-=--
<br /> 7. ProteeHoe of l.ender•.� Rights in the Prooerty: ;►tortgaRe Insunnce. If fi��rrower Pa�ls to perfnrm the '
<br /> eovenants and agreements eont�ined in this Secunty Inctrunemt.�t�here ic a legal�roceedmg that may s�gmficanUy afTec�
<br /> Lender's rights in Ihe ProExny (such as a prixeeding �n bankruptcy. prohate. for condemnauon or to enforce laws or
<br /> rcaulations),then Ltndrr may do and pay for whate�er�s nececs�ry to protec�tl�r��iue vf the Properly and l.ender's rigt�ts
<br /> in the Property. Lender's aclions may include p3ying any sums secured by a lien uh�ch has pnntity �»•r.r �h�s Secunty
<br /> Instrument.ap�+earing in c�urt,paying reasonable attorneys'fees:ind entcnng an�he Propertv tu make repairs Although W
<br /> � Lendtr may takc ncti�n under this paragraph 7.Le�tder does nat ha�c to dv an
<br /> Any amounts disbursed by I,tnder under 11i�c pnragraph��hall become add�uonal deM rf Horrc.wcr aecuted by thic
<br /> = Securily Instr��ntent llnlecs B��rroW er and l.ertder agree to n�her lerms��f pay ment. �hexe am��un�c chall he:ir u�rerect from `'T
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<br /> the da�tc c�f disbursemtnt at Ihe N�ac rate anc9 chall t�e payable. w�th mter��t, u�xm n�t�ce fmm i ender to Nnrrnwer �
<br /> �equestmg payment �
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