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<br /> . . � � �90-- 10329Q �� �. . �
<br /> . � � UNifioxM EovGt�A��tTS. f Horrower anQ Lendercovenint a�d agtee as follows: .. � � <
<br /> . !. Pa�t ot Pri�ciMt�i Ifteesst:PreN�seat ui Late Cl+ar�e� Borraaer shall promptly pay whrn duc ` •
<br /> , � : � tLeprincip�luf�ndinterestatthedsbtev�dsncedbythsNoteandan}prGpaymtnt"andtetechargesdueur��erthel�tote. ' �
<br /> ,` . 2. Fw�isia�T�a ud I�ir�ce Subjest to applscaeie law or to a written waiverby;Lender.Borraaer shal!pay .
<br /> ° � to Lenderon'the day monthty payments ue due under t6e Nate,until the Note is paid in futt,a sutn("Funds")equa!to . ,'
<br /> �`�` _ax�-i�r�l31i o!:{a?}�catlg �ant!sss�ts whirh may sttai� priarity a�rr this Strurit� ias�rumrn't: t{s)jeariy �
<br /> t .� k�ehold,p�ymatts.oc grount! rentS on iht Ptoperty, J atty: (c} yeadg fsQt�rd insuranee premiums�and (d)}easly < <
<br /> � � naottp�e�OSUr�nc�ptemiums,if�tey.?hese:items are plkd••escrow items."Lenda msy estimate the�unds due on th�� � �
<br /> � 6ssis ofcurtent ds�t��rid rs:sa�abk atint�te's of fu�ure escrow items. � ' � � .
<br /> • t. 'F!�Fundsahalt t�e heW ia w idstitutio�thedeposits aaccuunts ofwhicb ue�nsusai or guarantsed by a feder�d pr � .
<br /> , " state a�er�y(inctudibg t�ender�iiLende�is such an institutioa).Lender sba!!apply the,�unds to pay We escrow items.
<br /> � Gend�may not charae far hpldin�and applying the Funds.snslyzing the�ccount or tierifyin�the escrow item�unless � �
<br /> 6 : �� . i.�nder p►Ys HorroMer ihterat on the Fwids and applicabie tswr permits Lender to make such�rharge. Borrower and �
<br /> Lender may asroe in xriting tbstt intetsst shall bt paid on the Fpnds. Urless an agreemeni is made or spplicable law ' � .
<br /> � _ , requir�es inttiest ta!fe pid,Lender s1�a11 not be roquirad to pa�Bonower any intrrest or earnings on the Funds. Lentkr
<br /> slail�ive_to Horraxu,without clurg�a»mnval acconnting of the Funds showing credits and dcbits to the Funds and the ..�
<br /> � ; . purpnse for whic6�ach dcbit to Ehe Funds xas mada The�'unds are pledged as additional security far the sums secured by' � -
<br /> �thaSecurity Iristrum�nt. � - . �
<br /> , If tha amount of tlie Funds held by Lender,together with thc future monthly payineats of Funds payable prior to �
<br /> . , .. the d�re dates of the escrbw items,sbaf!e�+ceed tbe amount required to pay[he escrow itans when due,the excas shal!be,
<br /> � � . aE Borr+o�ver's option,either prompEly repaid to Borrower or crediud to Borrower on monthIy.payments of Funds.If the �
<br /> . , � amo�int of the Funds beld by Lender is not sulFcieni tv pay the escrow itcros wben dae,Borrawer shall pay to Lender any • �
<br /> amount ne�essary to make up th�deficirncy in one or mare paymeets as`required by bender. . �
<br /> , Upoa payment in full of aill suntss�,:ured by this Security'Instrument.Lender shal!promptly refund tu Bonower �
<br /> .� � an�Funds hek!by I.ender.If under par�a{��9 the Froperty is sotd or acquired bp Ltnder,I.ender shai!apply.no later
<br /> . " ttaan ir.unediately prior to tlie sale of the Property or its acyuisition by Lender.any Funds held by Lertder at the timt of
<br /> . , . , � sppl�cation as a credit against the sums socured by this Security Instrument. - ---
<br /> - �-- 3. Ap�tiqtioe of Payments. GT�siess applicab2e taw��ovides otherwise,ali paymems received by Lender under
<br /> ` pangraphs I and 2 shall br appliad:first,to late charges dne urtder the Note:secand to prepaymrnt charges due under the � �
<br /> • N�t;third,to amounts payable under paragraph 2;fourth,to interest due;and tast,ta principal due. � .
<br /> . , . -- 4. G1ur�e�Liaa.� ..Borrower shall pay all taxes,asussments.charges�fines and imp�sitions attributable to the � �
<br /> .;�� I"r?�gerty whicb may attai�:pciority.over this Security lnstrument. and t�s�e�otd payments or gr�und rents, if at►y. '
<br /> Bosmwer ahali pay these obiigations in the manner provided in paragraph 2,or if not paid in that manner,Borrower shatl
<br /> � pay ihem on time directly to the persa�.��d payment. Borrowershall promptiy fumish w�.tnder alt�notices of amvunts � � �
<br /> �to be paid under this paragraph. li'Bor�w-�u-er makes these paymeets directly.Barrower shaTl promptly furnish to Lender
<br /> � rcceipts evidencing the payments. ' ,(" • .
<br /> 8onower shall promptly discharge any lien which has priority over this Security lnstrument unless Bonower:(a) � � _ �
<br /> . � agras in writing to the payment oi'the obSigation secured by the lien in a manner acceptable to Lender.(b)contests in�oaci
<br /> I Pa�th the lien by,er defends against enfotcement of the lien in,legal proceedings which in the Lender's opinion operate to
<br /> 1 prevent the enforcement of the lien or farfeiture of any part of thc Property;or(c)secures from the holder of'the lien an �
<br /> _ ; agrament satisfactory to Ler,c3er subordinating the fic�to this 5ecurity lnstrument.If Lender determines that�ny part ot' _
<br /> ' the Property is subject to a t��n which may attairr g�ii:�rity aver this Securit} tnstrument, Lender may give Borrower a "'
<br /> � notice idtntiffyying the liee.Barrawer sha!!s�tisfy the Yien or take one or marc af the actions set forth above within 10 days
<br /> i of the giving of notice. .
<br /> 1 S. Ha�cd Iawnnce. Barro�rer�shatl keep�he improve��nts rtow existing ar hereafter erected on the Praporty
<br /> � ! insurod against lass by flre,hazatds included wnthin the term"eatertded cov.eraCr',and any other hazards for which Lender �
<br /> • . ; requires insurance.This�inaurana shall 6c maintaiaed in the amaunts and ��r. the periods that Lendet requires. The •
<br /> . insurance cArrier providing the insurance shall be chosen by Borrower subj�!�r.o Lcnder's approval which shall not be
<br /> . unreasonabJy withheld. � .
<br /> - All insurnace palicirs and renewals shali be acceptable ta•T�der azd shalt inrlude a standard mon�age c�;�se.
<br /> . Lender shaH hsve the right tcr hold ttr�policies and renewals..li Lender requcc�.Botrower shall promptt�;aive ta Lender
<br /> , , , al)roeeipts oP Qaid premiums and renewal irotices.In e:ne event of'loss,BorroweR shall give prompt notic�t�the insurance �
<br /> . . ' ca�rrier and I.eMder.l.ender may make proof of loss if not made prnmptiy by Hatrower. '
<br /> . Unless Lender and Borrower otherwise agrcc in writing,insurancc praceeds shall be s�pplied ta restoratian or rcpair �'��„
<br /> af the Property damag�d,if the restoration or repair is econamically feasibte and Lende�s security is not lessened. FE the � . �
<br /> tasto�ation or repair is not economicalty feasible c►r I.ender's security woutd be lessened:tf;e insurance�roceeds shaU be �
<br /> ap�rJied to the sums secured by this Security Instrumtnt,whether or nut then due,with any excess pas•�:o Borrower. If � �
<br /> � , Borrower abandons the Pro�erty.or does not answer within 3U days a notice from l,ender tha!the inscrance caraer has � � � -� - -�
<br /> offercd to settle a claim,then I.ender may collect the insurance�rc�cecds.L.ender may use the proceeds to repair ar restore �
<br /> . the Property or to pay sums secured by rf��sSe�;urity lnstrumer.t,whether or not then due.The 30•day period wilE 6egin
<br /> when the notice is given. '
<br /> � Unless Lerrder and�aa�ower otherwise agree in writing,any applicati�.�E f pr�xeeds to principat siz�Il not extend or
<br /> � postpone the due datr af tha xc;onthly payments referred t�in paragraphs 1 s►nd 2 or change the amount oi'the payments.If
<br /> ' undet paragraph I9 the Property is acuu::�d by l.endcr.Bonower's right to any insurance palicies and proceeds resuiting
<br /> from damage ta the Praperty prior to t3:e�equisition shall pass tu Lender ta the extent of the�ums se.cured by this Securi�y �
<br /> � , lnstrument immediateiy prior�o the acquisiiion.
<br /> � 6. Pireservationand�!1laieten�nce olPr�perly;I.easehold�. Horrower shall not�destray.damage or subtiiantially
<br /> change the Property� allow the.Yroperty to deteriorate or cammit waste. !f this Security tnstrument is on a leasehald.
<br /> Bortower shall comply with tlte provisians of the lease,and if Botro�ver acyuires fee�idc tu the Pro�+crty,the leasehoId and --_
<br /> fee title shall not metge untess Lencier�grees to.tha merger in writing., •
<br /> ' . 7. Pwtectton ot Lendrr's Rfights.in the i'�roperty; Mortgage lnsura�ce. lf Horrower fails tu prtt'�rn� �he �
<br /> � -� .� - Cavgt�flt�artd�greeii►�nts conf;�irted in fl�is Security Insf rument,or there is a(egai proreeding that may s�gnificantfy affect ; ' �
<br /> ' Lender's rights in the Properiy.(such as a praceeding in bankruptey.probate. for rondemnatiun nr to enforce laws�r t
<br /> , ' regulations),then Lender may do and pay for whatever is necessary to pratect the�alue of the Pmperty and Lender's rights
<br /> in the�'roperty.�Lender's actions m�y inciude paying any sums secured hy a lien which has pric�rity o�cr this Security � '
<br /> tnstrument,appearing in court,payin�rcasonable s�ttorneys fee�:and entering on the Propetiy ta make repairs,Although •
<br /> L Lender may take action under this paragraph 7.l.,ender does nrt have to do so.
<br /> . : Atty amounts disbursed by Lertder under this paragru�h 7 shaU hecc�me addifi�nal deM of Borroa�cr sec'ured by Ehis �
<br /> � Se�curity instrumenf.L1nless borrow�er gnd l,fnder agree ta ather terms c�Fp�yr�tcnt,thesc amotinfc chal{beart interest fram
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<br /> ' - the-d�t� of'dis6ursement at fhe Ni�ie rate and shall be pa}able, wit�t interest. i�jwn nt�tice fre�m Lender to �orre�w•er
<br /> requesting payment.
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