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<br /> UNlf(�RM Cot�FNA��Fs Borrower nnd Lender co��cnant and n�rec a�fullc���ti•
<br /> 90�.0�251
<br /> i, P�yment of['rincipal snd Yntcrest�Preps�yment anrl Latc Charges. H�+rroL�er �hali prump�l� pay �sh�si due
<br /> the prin�cipal of and interest on the dest cLidenced by tfie l�ote�nd uny prcpa�•mcnt and late chargrti dur uncler thc N�te.
<br /> 2. �'undy(or T4xes Rnd lnsur�ncc. Subjcct to applicablc law c�r ta a N�ritten w ai�'cr hy Lend�r.BurroN��r sha��p1t
<br /> to Lender on the day monthly payments are due under�he Note,until thc Note is paid in full,a sum("F��nds"1 cquAl to
<br /> r one-twdlth oP: (a) yeacly ts►xes and assessments which may attain priority rner this Securit�� Insirument, (b} ycarly
<br /> kasehald payments or ground rents on the Property, if Any; (c) ��early hazard insuruoce pre»�iunis; t+nd (d) 3•early
<br /> rrl�rigago insurance premium5,if a�y.These items an calle�i"eaero� +tems."ldcnder ina}estimate thc Funds due on the
<br /> Duis aPaunent dxta and reasanable estimates of future escraw itcm�.
<br /> The Funds shall bc hetd in an instiEUtion the deposiu or accountc oPv►hich are insured or Ruaranteed by a federal or
<br /> state agency(including I.ender if Lender is such an institution). Lender shAll apply the F'unds ta pay the escrow items.
<br /> Lender may not ch�rge for holding and applying the Funds,unalyziag the accaunt ar�•erif��ing the escrow items, unless
<br /> I.ender pays&�rrower interat on the Funds and applicable law permits Lender t�make sach u charge. Barrower und
<br /> L.cnder may agree in wtiting that intere+t shall be paid on the Funds. Unless an agreement is mnde or applicable law
<br /> requires interest to be paid, Lender shall not be required to pay Borrower any interest or earningc on the Funds. Lender
<br /> shall giva t�.*Barrower.withaut charge,an annual accounting of the Fundc showing crcdits and debits to the Fur�ds and ihe
<br /> � purpose fiar which each debit ta the Funds was made.The Funds are pletlged as additional security far the sums secured by
<br /> this Security Instrument.
<br /> If the amount os the Funds held by Lender,together with the fature monthly payments of Funds payable priot to
<br /> the due dates of the escrow items,shafl exceed the amaunt requi�ed to pay the escrow items when due,the eacess shall br.
<br /> at Horrav►er's option,either prompily repaid to 8anower or credited ta Barrower on monthly pay ments of Funds. 1Pthe
<br /> amount c�E'�he Funds held by Lender is not sufficient to pay ihe escrow items when due.aorrower shatl pay to Lender any
<br /> smount necessary to make up the deficiency in one or more payments as required by Lender.
<br /> � Upon payment in Pull of all sums securea by this Security Instrument,Lender shal! promptly refund to Borrow er
<br /> any Funds held by Lender. If undcr paragraph i�the Property is�old�r acquired by Lendcr,Lender shall apply,no lat�r
<br /> � th�n immediately prior to tht sate�:lthe Property or its acquisition by I.ender.an�Funds held by Lenderat the time t�£
<br /> application as a eredit against the sGr.ns secured by this Security lnstrument.
<br /> ` 3. Applkation ot Payments. Unirss applicable law p*avides otherwtise. a!P p�yments received by Lender under
<br /> pa�ag�aphs 1 and 2 shall be applied:first.tn late charges duc under the Note;sec�nd,ta prepayment charges due under t he
<br /> � Nate;third,t�amounts payabl�urtder paragraRh 2;fourth,to interest due;and last,to principal due.
<br /> � �, Chsrge�L1en�. Borcow�er shall pay all taxes,assessments.charge�. fines and impositions attributable to the
<br /> ' Propert} which may attain priority.over this Security Ic�trument. and ltasehold payments or ground r��cs. if any.
<br /> Borrower shal)pay these obligations in the manner providlc�sn paragraph 2,or if not paid in that manner,Borrower shall
<br /> pay them on time directly to the penon owed���ment.�ottuwer shall�somptly furnish ta I.ender all notices of amounts
<br /> , to be paid under this p�ragraph. If Aorrower mt:��es these payments diP�tly,Borrawer shaU promptly furnish to l.ender
<br /> recripts evidencing the payments. �
<br /> Borrower shall Dromptly discharge any lien which hus priority over this Sec�rity lnstrument untess Bonower:(a) t_ _
<br /> agrees in writing to the payment af the obtigation secured by thc licn in a u�a����rr d�cfizabi:.to L.n3.r;(h�fPR!_st°'�°1� _
<br /> _,._ ` ,p�;;=ti�;:;,�;��,���.,f.tt�t�roAinct enforceme�n of the lien in,legal proceedings which in the Lertder's opinion o}�erate ta . _
<br /> prevrnt the enforcement of the tirn or furfeitur�.of any part of!he Property;or(c)secures from c�e hoicier ai tn� i�er� a��
<br /> agreemene satisfactory to l.ender subordinating the lien to this Sccurity Instrument. IP Lender determines that any patt of , : _
<br /> the Property is subject ta a lien which may attain priority over this Security lnstrument. Lender may gi�e Borrower a _::
<br /> notice identifying the lien. Qorrower sha11 satisfy the lien or take one or more of the actions set forth abo�•e wf thin ]0 days
<br /> of the giving oinotice.
<br /> S. H�uurd I�nece. Hcxrower s�a&1 kecp the improvements now existing�r hereafter erected on the Propen�:
<br /> insured against loss by fire,hazards included uithin the term"extended mverage"and any otl�er hazards for which Lendeg ���
<br /> requires insurance. This insura�ce shall be maintained iR the am�unts and f�r the pericxts that iRndzr reyuires.The -`
<br /> � iasurance carrier providing the i�suranee shall be chosec�h) Horrov�er subject to Lender's approval which shali not be
<br /> unreasonably withheld. � �
<br /> All insuranee policies and renewals shatl be acceptabie tu Lender and shall include a standard mortgage clause.
<br /> Lender shall have the right to hold the polic�es and reneµ-als. 1P Lender requires. Borrower shall promptly give to i..ender :'
<br /> all receipts af'psid premiums and renewal notices.ln the e�-ent of loss.Borrower shall gi�•e prompt notice to the insurance 'r ."
<br /> carrier and Lender.Lender may make proof of loss if not cmade promptly by Borrower. ''�
<br /> Unless Lender and Bc�rrower otherwise agree in writ�ng.insurance ptoceeds shaU be applied to restoraE con c�r repair
<br /> of the Property damaged, if the restoration or repair is economically feasiblc and Lender'�securety is not lessened. IP tl�e
<br /> restoration or repair is not economically feas�ble ar Lender's secur�ty� w�uld be lessened. the insurance proceeds shatt be
<br /> applied to the sums secured by th�s Security Instrument.whether or not then due,w•�th any exces.�paid to Horrc�wer. If
<br /> Borrower�bandons the Property,or dces not ansv►•cr wFt�in z0 day's a notice frc�m Lender that the incu�an`e carrier has
<br /> ofFered to settle a elaim,then Lender may cotlect the insurance proceeds. Lender may use the proceeds to rep��ir or r�store
<br /> : , the Property or to pay sums securai by this 5ecurity lnstrument, w•hcther or not then due.The �0-day pctiod w'i11 be8�n
<br /> when the notice is given.
<br /> � Unless l.ender and Horrow�er otherwise agree�n wriUng,any applicahon��f proceeds tn principal shall s�ot extend or
<br /> postpone the due date of the aionthly paymcnts referrcti!tn in para�raphc 1 :�nd 2 or cl�ange the amo�nt�f the rayments.!f
<br /> under paragraph 19 the Property is acquired by l,ender. Borrower'ti right t��an} �nsurance policies anci pr�crrd.ir.�lt;nR
<br /> from siamage to the Property pnor to Ihe acquicitian�hall pas�ta Lendcr to the extent�f the�umti�ecured by thi� Security
<br /> Instrumenx immediately prior tn the acqu�srtion.
<br /> 6. Prescrvationand��aintenance of f'roperty:Leaseholds. Iiorruwcr�hall nc�t destroy,damagcor �ub�tantially
<br /> changc the Propetty, allow the Yrope►ty to detenoratc or comm�t ��actc. If thi� Scrunty� Instrument �ti nn a Ira�ehold.
<br /> Borrow�er shall rumply with tlie protiisinns�.f the lea�e.and�f Horrc�w er aryu�re,fee title tc�the Pri�perty. thr leaseholJ and ;_�_^____
<br /> fee lidesE�all not cnerge uniesc Lencier agrees io�i�c>>t������n��c:ng. '
<br /> 7. Protection of Lender's RiRhts in the Property; '�yortRage Insuranre. {f A�rrc�.�cr fa�A w perf<�rm the
<br /> ecwenants and agreement�eonta�ned�n thi�Secunty lns�rumrnt.ur there i�a Ie���l rn�ceeding that ma� ��gn�fi�a��tiy afiect
<br /> Lender's right� �n the f'ro�+eny (such a4 a prc�cecd�nF m bankruptr�'. �n�hate, frr cemdemnatii�n i�t tu enfo:rr �dµ`+ (1r
<br /> regulati�ns).thci�Lcnder may d��and pay for a hate��er iti nece.�ar} t��pn•�e�:t the��lur nf ihe f'ropert} and Lrndcs��n�ht�
<br /> in thc ProPerty Lf'tltiCf S acti��n� ma� include pay�ng .���� �um��c.eirrd hy a Etrn ��ht�'tt ha� prirnt� e��cr thiti Seruntp �t
<br /> t (nstrumenL appcannfi in r�un. �+aymg rcatt,nahle attorneys'fecw.ind entenn(,rn thc Yn•�crt� t�•m,+k�• repa�n .4hh�u�h
<br /> L t.endrr may tal�e acti�n undcr tM�.parags.+�fi 7. Lendcr d�uti�i��t h;:�c t��d.��t�
<br /> At►� amuunl��1t�hur.ed h} l_ender unde� Ihi�p.+ragr.�ph '�ti.il)hr�e��ne.ttid�;i��n.�l .1cht��f it��tn�wc'r.e�•urc.1 M thi� �.
<br /> Securit� In�trumen�. t'ulr,�H��rr����ri and I cnJer:t�;rrr t�,i�thrr termti rf�.��i��c•�.c ihc•,r.,m��unt�tiheil hrer inir:e�t fr��ni �
<br /> the d.ile ��l dt�hur�cinetit al Ihc' '�rle t.ite ,�n�1 �hall hc {��t.�hlc. «Hh cntrrc•: n�� •s� is •ii.r 1r•�n+ 1 r�iJrr t�� f3nttrwrr �
<br /> requr�t�:i�;p:�yna?nt
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