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<br /> ` UNIFO1i�Cav�w�rrs. �Bortowa and Leader caverunt and agrx as follows: .
<br /> <`.i � 1.'P�oE Pet�CiMl a�i INee+p�Pre�a�a�t�wl i�e Ctiae�. Borrawa shall promptiy PaY when dnc` .
<br /> . t!k principal otaad'wtuat on tbe debt evidenoed by the Nflte ind usy pnpayment and l�te charges due�nder the Nqte. '
<br /> �. Fi�i tor Tu�vi I� Subject to applictbte law ar tq a writtm waiver by Lender.Bonower shali�a�r �
<br /> b Lerider on the dsy moathly�ayments are due ueder the Notq untel the Nnte is paid in full,a sum{"Funds"}equal to - `
<br /> onativeNt6 of: (a)yaiiy taxes u�d usessments which may attain priority`over this Security Instrumen�; (b)yrarty "
<br /> I�ehold p�yment�.or �rguad rqtts oo thG Fropertyi, if any; (c).Yearly:hazard insurance premipms; ana (d) yearly , -
<br /> ^�� �nort�e ins�tance premiums,if anp.Tltese items ue called"e�aw.items."Lender may estimate the�unds due uri the � .
<br /> � 6�sis ofcurrent dats snd�aasanabk estitnatw of futuie escrow ite�ns. ' _
<br /> �� ' Tlje Funds si�all be hetd in an institudon the deposits or accaunts of which are insurod or guarante�ed by a Fcderal or � �
<br /> atate a�y('inciudia�Lender.if i,eeder is such�insritution}.Lender shsll a�si,tbe Funds to pay the escroa i[ems. �
<br /> � Lender msy not charat for'holdin�aad�spptying the Funds,anaJyzing�the acc6unt.or verifying the acra�v items.unless �
<br /> � ; L+epder ptys 8orro�ver interat oir tbe Funds snd applicabk 1i�1►permits,L'endu ta make sucb a charge.Bonower and .
<br /> . Lender msy a6ree ie vinitiaE tt�at,interest sliall be paid oa the Fnnds.Unless an agrarnent u made or apptirable law �
<br /> , • " tequires i�tterest to 6r paid,Lender shall rtot ix required to pay Bonawa any interest or qmings on the Funds.Lender
<br /> , ,shall�ivt W B�isrrnrer,without charg�,aa annual accounting of the�'unds showing credits aad debits to the Fnnds and the �
<br /> � � � purpos�e for�ri�ich a�ch debii to tht Funds was made.The Funds are ptcdged as additionat sxuriry for the sums secared hy ,
<br /> . thes Sacurity Iastrumen� � . � '
<br /> _ , ( ' ' If the amdun�of the Funds held by Lender,tagaher wiih the futnn monthly paymcnts�of Funds payahle prior to ,�
<br /> the due dstes of the escro�r items,sbaU exceea the amouni roquircd to pag t�e escrow items wben duG the exce.ss shaU be. �
<br /> ; at Borro�rer's opt�on,eitber promptty repaid w Borrower or credited to Borrower on monthiy payments of Funds.If the
<br /> amount of'the Fnnds f�eld Hy Lender is not suRkient to pay the escrow items when due,Borrower shall pay'to Lender aag
<br /> • ,j �mount aeoasary to nu�kt up the deBcitncy in one or more p�yments ia required by I.ender. , � •
<br /> Upon psyrnmt,in fuA of all sums secured by this 5ocurity Instrument,Lender shall promptiy refund to Borrovrer
<br /> any Funds held by Lender.If ander paragraph 19 the Propecty is sotd,or acquittd by Lender,I.ender shall appty,ao later � .
<br /> '.. , than immediately prior to the sale of the Property or its acquisition by Ixnder.any Funds heid by Lender at the timne af � .
<br /> applicauian aa a credit against the sums secured by this Securiry Instrurnent.
<br /> � � ANlieado�ot Fiyre�b. Unless applicabte taw provides otherwise.all payments received by Lender under . ,,.
<br /> , � ; p�uagraghs�1 and 2 shall 6e applied:6rst,to tate charges due undcr the Note;second.to prepa}�meat charges due unde�the �,
<br /> Not�tturid,to amounts payabte under paragraph 2;fourth,to interest duc,and last,to principal due. , .
<br /> y4 CWr�;IJs�s. Borrower shall pay a!f taaes.assessmrnts,cha�ges,6nes and impositions attributable to the � � �
<br /> property which msy attain priarity,over this Security Instrummt, and Ieasehold paymrnts or ground rents, if any._ �
<br /> ! Honower shall pay these obligations in the manner provided in paragraph 2,or if not paid in that manner,Bonower shalt
<br /> ' , pay them on timc diractly to the persan owod payment.Bornower shall promptiy furnish to Lender atl notices of nmounts �� _
<br /> ' to be paid under this paragraph.If Borrower makes these payments directly,Barrawer shall promptly fumish to Lersder ,
<br /> i raxipts�evidencing the paymrnts.
<br /> - ' Sorrower sha11 pramptly discharge aoy lien which has priority aver this Security lnstrument unless Borrower:(a) �
<br /> � agras in writing to the payment af the obl�gation secured hy the lieri in a manner acceptabte to i.ender;(b)contests in goad i ,
<br /> ' ' faith the lien by,or defends against enforcement of the lien in,legal proceedings which in the Lender's opinion operate to '` .�°
<br /> ' . prevent the enforcement of the tien or forfeiturc of any part oP the Property;ar(c)secures from the holder of the lien an .
<br /> agramet�t satisfactory to Len�'er subordinating the lien ta thi�Security lnstrument.lf l.rnder determines that any part os . , ,r
<br /> ' � the Prapeny is subjoct to a ii�which may attain priority aver this Security Instrument; Lender may givt Borrower a
<br /> � notice identifying th�tien.Borrawtr shali satisfy the lien or take ane or more of the actions set forth above within 10 days '
<br /> ' of the giving of notiee. � -
<br /> . � �. H�zsrd lnwnnce.��Borrowor shall keep the improvemrnts naw ezisting or hereafter erected on the Property � � �
<br /> � insuso�against loss by fire.h�r,uds includod within th�t�zm"eatended coverage"and any other hazards faz which l.ertder
<br /> requires insurance.This insor,�ance shall fae tnaintained in the amannts and for the periads that Lender requires..?he
<br /> � insuranre carriet provi:iing the insurance sizaU be chosen by Borrower subject to l,ender's approval which shall not be �
<br /> - i unreasonably withheld.
<br /> ; � All insurance policies and rentwais shall bt acteptable to Lender and shall irrclude a standard mortgage clause.
<br /> Lend�r shall have the right to hold the policies and re�ewals.lf I,ender requires.Borrower shall promptly give to Lender �
<br /> all receipts of'paid premiums and renewal rsotices.In,the event of toss.Borrt�wer shall give prompt notice to the insurance `
<br /> � ' , ' carrier and Lender.Lender may make proof of loss if not made pramptly by Borrawer. � �
<br /> Untess l,ender and Borrower otherwise agree in writing,insurance proceeds shall'be applied to restoration or repair ��:�
<br /> � of the Property damaged.iP ihe restoration or repair is uonomically feasible and Lender's security is not tessened. IP the ���.
<br /> , restaration or repair is not economicalty feagible or l.ender's security would be lessened.the insurance proceeds shall be .
<br /> ; applied to the sums secured by this Security lnstrument,whethtr or not then due.with any eacess paid to Banower. if , �
<br /> Borrower a6andons the Property.or does mot answer within 30 da}�s a noiice Prom I,ender that the insurance carrier f�a9
<br /> � ' offered to settte a claim,then Lender may col3cct the insuradee prc�eeds.Lender may u5e the proceeds to repair ar res3ore
<br /> � tht Property or to pay sums secured by this Secnrity[nstrument;whether or not then due.The 3(!-day period will begin�---� -�- - - -�-- -�� �
<br /> when the notice is given. �
<br /> Untess Lender and Borrawer othenuise agree in writing,any application of proceeds to principa!shall nol e�tead oc
<br /> � � postpone the due date of Ihe monthly pay�sents rePerrtd to in paragraph!�1 and 2�r rhange tt�e amUUm nf the payments.lf
<br /> � . � ; utufer paragraph 19 the Pioptrty is a¢q;�irec!by Lender.8orrower's:ight tu any insurance perl�cies and praceaio resulting
<br /> . � , from damage to the Ptoperty prior to the acquisition shatl pass to Lender to ihe extent of the sums secured by this 5ecurity
<br /> � . Instrument immediately prior so the s�,cquisition. �
<br /> � 6. Preser�ation and 4laintenance o!Proper�:�.easehotds, Horrower shall nc�i destroy,damage or substantially
<br /> � change the Ptoperly,allow the Propeny to deteriorate or comr.a:t�►aste. If this Security lnstrument is on a teasehc�ld,
<br /> Borrower shall comply with the provisioas�zf the lease.`and if 8arrower acquires�fee title tu the Pr��perty,thc leaxchald and
<br /> fae title shall not merge unless Lender agrees to the merger in writing. .______ -
<br /> '9. Protectian ot Lender'a �tigl�tm in the Pro�riy; Mortgage insunnce. If Aortower fa:t+ tcf perform the .
<br /> covenants and agreementscontained in this Security IIr.�sument.�r there is a Icgal pn�reeding tha�may s:�Z�ificantly affect '
<br /> :... � ._ i,ender•$�ights in the Prn�+ec�Y(stsch as��+roceedina��ank�_;��y.prt�t+ate.ft�r rvrtdemnatia�t+s t:.}cnf�tce laws c+r , . .• .
<br /> regu�tions),thert L.endet may do and pay for whatever is necessary to protect the vatue of the f'ropeny and l.ender ti rights �
<br /> - ift ihe�Prbperiy. Lendet's nctions may include paying any sums seeured by a licn which hay pnor��y o•er �his Srcurity
<br /> • Instrum�nt�appeating in court�paying reasonable attvrneys'fees and entering on the!'roperty tn make rc�aus. Aithnugh '
<br /> ' Ltnder may take acdon uncler this patagraph 7,Lender dues not hpve ta cto sti.
<br /> LA�y ntriouats disbursed by Lendes under this pasagtaph 7 shall Ixcome udditional debt of Borrower sesure�i by th�s
<br /> . � Security tnsitument.Unless Borrawei and Lender agree to other terms of payment,these�m�unts shaq bear intere�t from •�
<br /> the date of disburscment at thr N�te r�te and shall t+r p�yable, wtith intcrest, upon n��tice from �endcr tv Hnrrewcr ti
<br /> _ requesting PaYment. � . �
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