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<br /> � � __ �1NJfdNtM COVE,i.#KTS. BO(fQMl�i11d Ll�tdCt CQvGAttii aitd:ig[O�8S fall0ws: V V` �0�V V� . � .
<br /> � 1. P�e�t ot Peiicty!a�d[�tcr�t;Pr�rt�cat aad Vte i�es. Bqnoarer shall.promptly pay when due • . �
<br /> - the principal of ar�d ir�srest on the debt bvadeneed by tbe I�ote artd any�repayment and lace charge;,due uMder ttu 3Vate. � '� . �
<br /> � ` �. ��M4[ar Ti�xe��d I�su�tnte. Subject to ap�licahle faw ar td a wntten�raiverby Len`dcr.Borrower shall pay. < < �
<br /> , � ; to 1.tridrr an the d�y monthly psyments are due under the 1Vote,unti!the Note fs paid in fuli.a sum("Fuads'?equal tc� � �
<br /> onaYwel�th af ts)ye�rty taxes �rtd assassments which may attain paority aver�this 5ecurity instrunient; tb)ycariy ,
<br /> -° � .� �k�ehotd payrttentA car�round rents 4n th�1'roperty. if any; (c) Yt�rly huard i»s�e�nce premiums: and td}yearly ` ` _
<br /> mortp�e insur�t�ce�Sren�iums.if any.Ttxse items are ralkd"escrow items."Leader�nay estimate the�unds�#ue on the ` �
<br /> � basis af rur�re.nt daa artd reawnebk estunates af futun escrow items.` � . . � .
<br /> , � . T5e Fued�s6a116e 6eld in�n instit Weea the degosits ar accaunts of wluc�are insured or guarantecd by a feder3l or � : � .
<br /> � . „ atyte�ncy(iactudinj I.ender if Lsndet is such an irutitution�Lender shall apply the Funds ta pay the escrow items. , , '
<br /> ` t Lrender tpsy not charge for hotdina and�pptying tlte Funds.arratyzing the accoant or verifying tlte estrow itea�s,ui►tess �
<br /> � . [.eadcr p�ys AurroWer interat on ihe Funds and app}ic,lble Iaw permits Lender to maice suctr a charge. Bonowec and
<br /> ; Lei�der may �Sree in•writing that interest shaU be paid on tht Funds.Untess an ageement is maQc or applicabie Ivw
<br /> . : roqu�res intorat to be paid,Lender shall not be raquired to pay Bonower any interest or earnings on the Ftsnds.I.ender
<br /> � s6aU=ive to 8orro�ee,aiehout cF�arge.aa annual ar.couating af the Funds shoaring credits and debiu to the Funds an:f the ,
<br /> � �i � purpose for.whioh eaah�debit to the Fuads was madG The Funds are ptedg�as additional security for the sams srcurt�Ay
<br /> ' f � thi:Sacurity Instrument. � ,
<br /> , If t�e amaunt of the�Funds heid by i.ender,together with the future monthly payments of Funds payable prior to �
<br /> � thGdtu dates ef ihe escmw items,shall excerd the amount required to pay the escrow items when due,the excess s6a11[iG �
<br /> � � at Borrower's,option,either�sramptly repaid to Borrower or credited to Bonower an monthty payments of Funds.If ehe
<br /> � amoru�t of th�Fnnds held by Lender is not sufficient ta pay the escrovbr items whm due.Borrawer shall pay to Ixnder any
<br /> � �mn�at necess�ry to make up the deficiesicy in one or more Ra}menis as required by Lender. �
<br /> - Upan payment in fuA 4�f alt sums secured by this Security Insttumenl,Lender shal!promptly�efund to Borrower -
<br /> � , any Funds held by Lender.If under paragraph 14 the Property is sold or aCquired by I.ender.Lene�er shall apply,no iater '
<br /> � ? ti�t»insmediateiy prior to the�sate of the Property or its acquisitian by Lender,any Funds held t�vc Lender at the time af �
<br /> applicatian as a creGit against thesu�s secured by t�is Security Instnunrnt.
<br /> � � 3. A�IieaHan ot Psya�eAt� Unless appticable law p*ovides othenvise,all payments received by I.ender under '
<br /> '��•.• .�Qsragraphs 1 end 2 sha11 be applied:first,to late charges due under the Note:seCOnd.t�prepayment charges due under the '
<br /> i ` �� Note;third�toamounts payable under paraga}���.fourth,ta iniuest�ue:and last,to priaciQa!d�- - �
<br /> � i 4. I.'fur�L.t�t, Borrawer shall pa4�tazes,assessrr�ents.charges.fines aad impasitions attributable to the - "
<br /> Propedy whicb may attain priority.ovcr this �curity ��5��umen[, and leaschold paymen�g or graund rents. if any. �, ,
<br /> � Borrawtr sh�{l pay these obfig�tians in the manner provide��n paragraph 2.ar if not paid in that manner,Borrower sball ;
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<br /> pay them o�t time directly to tht ptrsun owed payment.Borrower shal!prompily furnish to LendeF all notices nt'amauntg ` ''
<br /> ' to be paid under tbis paragreph. IS Barrower makes these payments directly,Borrower shaQ promptty furnish to Lender -
<br /> receip�g evidencing thc paymrnis. ; .
<br /> . . ,-r Earro�cr sha!!pra�s�stty di�"a�cg:.aay lic,�s��•DiSCtt t23S pltDTtLj�Y:f�I!!3 Snrgrit��Qc�!L!!.^.L'o!L tt!!�E55�Ofl4!*.��r-i�) .. --•- `'_-
<br /> � agrees in writing to the payment of t�e�r�ligation secured by the lien in a manner acceF�,:h1e to l.en�er;(b)contests in gaad f� "�-
<br /> , faith the lien by.or defends ugainst enforctment of the lien in,tegal proceedings wbich in the l.erw�'s opinian operate ta �
<br /> � � prtvent the tnforcemcnt of the tien as forfeitGC���Fany part of the Progerag;or(c)cccures frc�sr,uGy:hoIder of the lien an ='�.�.:
<br /> � ' agrament sati�factory to Lender subordinating CC,:lien ta this Security in�cruinent.lf Lend��r detrrmines tha¢lny part a� .:i';=`
<br /> _. , the Property is subjeci to�Eiea which may utt'Ain priarity ouer this Security lnstrurrsent. l.ender may gic�4��rawer a :%
<br /> notice idese�ifying the lien. Ac�rrower�,:�all r�atisfy Ihe lien nr c::�e one or mQre af the a:.7�.�,s set farth above wi¢��a IO ctayc '�`
<br /> j. � aPthegiv�r.gufnatice. � _ .%_
<br /> � S. Ma�r�lnsursnce. �oirt►wer shall keep the impravement�:n��w.eai�ting ar hereaftez arected on the Property
<br /> � insured against tass by fire.hazards included within the tetm"eatended coverage"and an�at�cer PaaFard�f�r which I.cnder
<br /> � , requires insurance.This insurance sha11 be maintained in the nm�unts and.for the gsern�ds thar I.�ndcr requires. Thc
<br /> insurance casrior providing the ir��.�nce shall be chosen by B�rrower subject tc�Le�-�er'ti approval which shall not he '
<br /> unreas�.�9y withhcld. .
<br /> . Ali insnrance paficies�nd resiewaly ahall be accepra'i;t to l.ender and shall inctude a st�r�dard martgage clause. '.
<br /> � i Lendtr shAll have the r�i�t ta hold thc palicits�,�rencwaEs.Ifl.ender ra.�,uire!►, Borrower!+hal!pr�mptly givc to LenQer
<br /> I all receipta os paid preci��:�:;rns und�enewal notic�s.!n t4�e c�e�..2�f'loss,l3�.ur:wer vhall give prnmps ctotice to the in5uranre
<br /> 4 carrierand�i..endcr.Lenclermayrr.aireprooPof'los.sisnotr.:_�:::pramptlyby Harr�wcr. � ����
<br /> Untes.g l,endet and Uorraw�c�:iherwise 2gree in wril�ng.inrurance prexecds��Eibe�p�+lied to reytorution or repair
<br /> ! of�he Property damag�ed,ii'the reswratian ur c�pttir is ec�n�mically feasible und I.c�a�'cP�rrcu:�a� is not Icsscned.If the �
<br /> � restaralinn us tepair is nnt rconrnnicalJy feasible ar Gender's secnrity would he fe��enc�f, t�c ir.yurance prixecds shall tx: �
<br /> eppUed tn the sums secured by thia Security 1n�troment,wheth��c�r nat then duc.wsth any cxccsti paid tu ti�►rrc�wer. If
<br /> t Hc►rrawer nbandans Ihe Properly,ar dacs nc�t answcr aithin�0 days n notrre firc+m I,cnder�hat the insur�nce rarricr has
<br /> � offered to settle a claim.then l.�nder m�y enitect ttte�n5ur�nce preweeds.l.endrr may use the proceed�t�►rerair or rtStt�re
<br /> � the Pr�perty ar tn pay sums secuted by this Secunty Instru�nent.whcthcr ar not then due.The:�U•clay�criixl wiU hegin
<br /> . ; �� whrnthc�toticcisgiven.
<br /> � Unless I,tnder�nd ilorrower mhcrwisc agrer�n writmg,any��pphc;itinn nf pr�Keeds t�+pnnr�pal shalt not extenal�+r
<br /> f postpone the due date�Plhe nwpthly paymentr refcrre�{to i»parugr�plsti{and 2 c�t changc�he f�muunt uf thr raymen�ti.lf�
<br /> � under parngraph l�.the f'rapertyr i�acyuired by L.endrr.fi�►rrawcr's ri�ht tr►any insurat�ce pnhcics and pnxccdc«sultmg
<br /> from damage td thr Prt�perty ptiar to the acqutiition shal!pas4 tt�l,encter!u�he extent uPl�ic+wn��e.•rumd hy thi�Securqy
<br /> - lnstrumtntimn�ediatclypric�rti�ehcacyuisitian. �
<br /> � 6. Prelbrralloe ond lllaintenu�cr of 1�to�RHy;Lease6otds. N��ttuw•cr chall n�+l deslroy,d�n��ge rr�uh�tanually
<br /> ' change the Pr�perty,r�il�w the I'�apesty to detcriaratc eu cv�nnut wa�te. If this 5ecuruy In4lrunsent rs fm a learrl►ald.
<br /> � Barror�er shall comply with the�+rovisinns of thc Icase.ntt�l if�3urruwer.tcywrc�fee I�tic h+tlie Nr<sp�rty.the lenccl�nld anJ ' - -- -�
<br /> tcr litle ah�al not mergc untecs t,endcr agrec�t�•thc mergrc in writing. � �
<br /> ?. i'ratcction ot I.ender•� Rlghts in the Property: tifort�r fnsurance. IP H��tr��µer fa�1� a� perfE�rm thc
<br /> _._.. _ _ cavenants nnd�gre+ementQ ennt:�iqct�in thie�e�_utit}�lnstrtlm�L er th��e�4�lec:s!pic.��lsss�sl�as ss�s��:�:e:li_:�ntlS.:l�'�s - . :_ ..
<br /> l,ender's rights in �he Ptoperty (sach as a praceedin� in tY�nkruptcy, prabate. f�t�i?nticmnaUnn c�r tn enfi+ree lawc or �
<br /> tegulations),then L,ender m;�yda Uttd pay Pi�r wiiate�et is recessar}to protect the�a(i;�s�:f thr�'rupen}aitd l.r��det'e n�lu.
<br /> in the Ptoperty. Lender�actions rtiay include payin�an�sums secured by a lie�e�bt,�.-:i► ha4 p»orily���er t?��c ticcur�ty
<br /> � lnsttur�c�:t.s�ppear�ng tn rriuet.}�ayitig rea_�unai-le attatneys`fees and enreri�i��_��ti�c�'rE�rrrtg�+.�r.;:�ke rrraits �hh��ugfi
<br /> Lercier i�ray lakc nr�i�n under tt�s rara�ra�h'=Leuder ducs nnt ha�e tc+do cc�
<br /> Arty qtttcfuntsdisbUrsed by Le��det uttdet this pntagtaph 7 ylfail bec��rncadd�tivr�aldeM of Hvrro«�er secured hy tt�ie �..
<br /> t 5ecurity Inctrument.linlc�s�arn�wer anct Leitder agree ta c•thrr ten���c�f paylllrfit.�tt��,e a���e•w�s�tihaH hear�r�tcrest fr��m
<br /> . __ : tbe dstte of ttisbursctnent at thr 1�nte rate an�chaU t�e l+;�ta�+tc_ w�tb ���tcrest. u�u�i: �iE��t�e li:���! I,cEtder !e�t�E�rs=.twer - . -- -
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<br /> rcqurstittgpay-ment. - �_ ,.
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