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<br /> ' ` 1. �M PrYeiM1 rN IM�e�Mk�!n/��t�i L�It�11�rP. 8orto��ver slull P�P��Y P�Y when due . • �
<br /> . �t1�e priacipit ci�ad i�td+at as�tbe dEbt e�idene�d by the Note aed�aY P��!►raa�t ar�d btecbar�a due unda the Notc. ' <
<br /> � �.� t�`i lrir 1�aii Lwraet. Sal�ect ta applacabk 1a�v or to a�rrttten�vaiver by i.eader.BorroMer ah�tt psy ` , .
<br /> to Y.eader ai ths daY��Y P�Y���rtd�e under the Note.�ti1 the Ncte is p�id in full,a sum('•Fimds")ogwl to �
<br /> � .�i • v�at�dlth_o�i(s)ystfr taza and �b�vbich au�► sttaiR.Pn�ritY over t6is Sawrity Instn�meat; (b) Y��Y � ` . .
<br /> ` • � . ��Y+�Pts ar�and i�ti m tbe P�fy. if auY; fc) Ya�sly t�tid insaca�:e premiums; aed (� Y��Y ,
<br /> . " a�artp�e�ooe poaoiu�.�Umy:Tbae items are called"acrow itaens."I�endu aiay atim�te tbe Funds due oa the� ' � .
<br /> , � . � � , � �ofenrnantdu�a�id r�onaWe�teioffutureactov�►iteans. ` ` . _
<br /> . . �e Femds siull be lydd in m imtitation the depasits or aocauatt of xhich ane i�ured or�wrantoed by s fedeial or . � ,
<br /> � stMie�cy, (ifyct�T.a�ttr it I.eadEr i�such an�Stitntioa�:"La�der sbaU spply tl�.Funds to pay tT�t eacraw►items. .
<br /> � � IRrdet ima�not c�e for hol�aod ippYyms ti�e F�adt,anaTy�d�e aczcwnt ar verifyina tbe acra�v items,antess ' , .
<br /> -� � � I�euder pays BormKer iatae�t an t6e Fandt and y�ptiCa6le 1t�r pee�onits La�der La malce soch a cl�ar�e.Borra�irer snd � '
<br /> � I.tadet inay saroe in rrrItim�tliat inten3t s6a11 be p�id an the Fnnds. Unlms aa ageement is�ade.or applicabk taw . ' .
<br /> r requira inter�est tp be paid,Lmder s1�sA not be re�qained to paq Bor�rar u►y iat�t+at ar amings an tAe Funds.I�ender
<br /> , .�. s�ii Sive W Borre�rer.�rithout char�an anauai acooanting of the Fuads sho+vin�credits and debits to tt�e Funds and tbe . .
<br /> , , pqrpo�for w►bicfl aah ckbit to tLt Fwxls�vas inwdG Tbe Fuvds are pledged�s sddihonaZ security for thesums secured by
<br /> � � tiii�Security In�trumea�. . • `
<br /> ' , fftLe amamt of t6e Fuad��dd by Lenikr,toletber w►ith tLe future a�vatl�3Y P�Y+�ts of Ford�pays6k prior to .
<br /> � . tl�e dne date:af chie eacm+'v items.aha11 ez000d tlie aa�ount requined w pay the escmw items when-du�the excess st�all'b�
<br /> at Horr+p�nei's optioR.eitlia P�P�Y�to Borro�ver ar cradited w Borro�rer on montblY PzY��ts nf Funds.If t6e .
<br /> ;�� amo�p�at dthe Fnnds Hdd by I.aidec is not au�cieat�w pay the escrow�tems�►�du�Burrower sball pey w L,eader aay
<br /> , a�oir4il�t abces�ary w malce ag the deScieM.y in oneor more p�yments aa requined by Leader. � � � `..
<br /> . � . . ���>'�. uPod P�ymrnt in fu1!of all sums secured by t6ia Savrity Instrument,Leuder sl�all pmmptty r�fvqd to Bonower � .
<br /> asy Funds hetd by Lender.ff undec ps�agr�h I9 the Pmperty is sold or acquired by Leader.Lender si�U apply,no tater � �
<br /> ' � t�immediately prior fo ffie sak aE t,�c P�+nperty or its ecquisition fsy Lendcr,aay Fands 1�eld by Lmder at the time of .
<br /> � . �tiou�s credit aaaiast the sumsse�ur+ad bg this Security Inatrumcn�
<br /> '°� , . :, 3. AMikabio�of P�a�eala. . �'nkss:pp�bk lix provid�otherWise.all payments raeeivad by I.ender under '
<br /> , - , p�.*�rapbs!aad Z sbaU be=pp?ied:��o late�due under tbe Note;aecond,to pr�epaayraeat charges due under the
<br /> , , � ; . Nat�third.to amounts p►y�bie�drrp�aplt 2;faurtb,to'ratecest duG and last,to pra�ai due. � .
<br /> .. .4. Q�r�er I.iea� BorroMer s6a11 pay aA ta:es,astesnnents.chuges„8nes and i�npositiaffi attributable to the . .
<br /> Ptioperty ahich msy attai��priority ovei tliis Soeurity L�strument, and leasehold paymrnts or gr�nd rents, if any.
<br /> - Boao�►er s1�a11 pay these obligations in the manner provided in psragnph 2,or if not paid in tbat manner.Borrower shalt �i �_
<br /> psy them oa time directly to th�peraon owod paymen�Borrow�r shall prompdy furnish to Lender aU notices of amounts . • -' ,
<br /> � to be p�id under tliis PuagaPh.If Borrowec�uk�these psyment�directly,Borrowcr shall pramptly fornis6 to Lender � �.;
<br /> r�ccipis evidencing the payments.
<br /> Borrower sI�a11 pramptly discharge any lien which has priority ovsr this Security Instrument untess Borrower:(a) ,rt�
<br /> . agrea in Mritin�to the payment of the oblig�tion aecurod by the tien in a manner acceptable to Lenckr,(b)cantests in good � ;- -
<br /> � . fsitb the lim by.or defends sgainat eeforcement of the lim in,legal praceodin�s which in the Lender's opinion operate to �_'
<br /> prevent the enforcement of the lien or forfeiture of any part of the Property;or(c)secures from the holder of the lien an � ' ' .
<br /> agreqment sstisfictory to Lender aubordinating the lien to this Socurity Instrument.If Lender detem�ines that any part of
<br /> the Pmperty is subject to a lien�hieh msy attain pribrity pver this Sxurity Instroment,Lender may give Borrower a '
<br /> aoticc identifjr-ing the lim.Horrower shsU aatisfy the lien or talce one or morc of the acrions set forth above within 10 days '_
<br /> of the giving of notice.
<br /> ' S. Ha�rB Ia�n�ce: Horrower sha�l kap the improveraerits now eaisting or here�fttr erected oa the Property
<br /> � insured agtinst loss by flre,hu.ards included within the term"extended coveragd'and any other hazards for which Lender �
<br /> , requira insurance. This insurance slsa4 be maintained in the amounts and for the periods that La:der requires.The
<br /> ° easurance carrier provi�lin�t�e insurence shatl be cts+osen by Bonower subject to Lender's appraraIl�rhich shall not be
<br /> . aar�on�bly withhdd
<br /> • All insurance policies and.renewals shall be atceptabte to Lender and shall incE�de a sta�cza.*d mortgage ctause.
<br /> ,. I:endsr ahall ttsve the rigi�t to hold the policies aad renewals.If Leader roquires,Honower��promptty give to Lcnder
<br /> ' �� � a.td'receipts of�aid premiums and renewsl notice.r.In the event of loss,Borrowrr shall give grompt r�a�to the insurance � ..,
<br /> � r�caaer and I.ender.Lende��ay malce proof of toss iE'rot made promptly�by Bar�ower. ���g`'
<br /> . � . Unless Lender and T�e�ro�ver othenviae agret�writi�g,insurance proceads shall be apptied to restoration ar repsir � '��i'±
<br /> , �the Property d�urwgod,cf t�e restorati�an or repais is eeonomically fe�sible and Lendrr s security is not tessened.If the ' :
<br /> � restontion or repair is not ecanomicaily�',�asible or Lender's security would be lesseaed,.t�e insurance proceeds slrall be .
<br /> • tpplied to tho suros secured by this 5ecf.stity Instrument,whether or not then due,witA any eaass paid to Bora�ower. If
<br /> Hocrower abutdons the Property,or does aot ans��r within 30 dsys a aotipe from I.ender that the insurance rarrier has
<br /> dfered to aettle e claim,then Lertder msy collect th�insurance procads.Lender may use the proceeds to repair or restore� � - -�-� �
<br /> tUe Property or to pay sums secured by this Security Inatsument,whether or not then due.The 30�day period will begin
<br /> w►hentheaoticeispven. ,
<br />. �Unlas I.ea�der and Borrower otherwise agree in writing.any application of proceeds to prirtcipal shall not extend or
<br /> �. post�te the due dste of the raontbly paymeats rd'erned tg in paragrsphs 1 and 2 or chaage tke amount of the payments.If
<br /> under pangnph 19 the Proper�y is acquired by Lender,Homower's right to aay insurance policies and proceeds resulting
<br /> . from dsmsge to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by this Seeurity
<br /> • • instnunent immediateiy prior to the acquisition. �
<br /> � _ ' 6. Prt�tn�tto��ad Maiete■aece ot Prortrty;I.eate6otd�. Borrovver shall not destroy,damage or substantially � -
<br /> � ebange the Property,alluw the Praperty to deteriorate or cammit waste. If th'ss Security Inslrument is on a leasehold.
<br /> . . Bonowet ahall comply with the provisions of the lease,and if Borrower acquires fee title to the Property,the leasehold and --' _-:
<br /> . fee titk shsl!not merge unless Lendtr agrees ta the merger in writin�g. . `
<br /> �. ProteNio� of I.eNet's Al�ts i� tl�e Prorerty; Mart�e Imur�nee. If Borrower fails to perfotin the � �
<br /> -- _ - -sav..-��tsan�agrecnte�ts ctxtisined in this�sity;estsusuc�E,or there is a iegat pr�i;ec�fityg tiifft ii�y�i�rif�ea�Ft�r aff�s:t ` I - -
<br /> L,ender's rights in the Propeny(such as a pracoeding in bankruptcy,probate,for cande�nnation or to enforce laws or
<br /> ' reaul�tions�then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights
<br /> in the Praperty.Lender's actions may include paying any sums secured by a lien which has priority aver�his Security
<br /> � Insttument,appraring in court,paying reasnnabte attomeys'fees and entering on the Praperty to mafce repairs.Although
<br /> Lender may take actian under this paragraph 7,Lender does not have to do so.
<br /> Any amonnts disbnfsed�y Lender under this paragraph 7 sha116ecame addilional debt of Aorrower secured by this ^
<br /> Security lnstrument.Untess Borrower anB Ixndu agee tv other terms of payment�these amouats shall bear inserest from �
<br /> � • the d�te of disbursement�at the Note rate and shall be payable. with interesf, upon notice from I,ender to Borrower , '
<br /> . 'requestir�8 PsYment. . . . . - 4Y
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