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<br />U~IFC)1t \J CtW(,N.I\ N IS Oorwwer ilnd l~llct~r cnwnunl and ..gree a.. 1'111111\\''\,
<br />I. F"Yln~nf. of Prln~lpalllnd Interest; Prepa)'rncnt llnd I.ate CbRrRcs. nllrrllWCr ..hall J1fl'mJ1ll~ J1a~' \\ hnll,dllll
<br />the principal ufum! inl.:rest nn till: debt e\'idcn.:cd tly the NOll' and any prcpl\~ ment and late .:h,lfgc, due undl:r lh,: NIlle.
<br />2. "unds for l'lIXcs and Insurance. Subjectttl applicable law or t(l a wntlen wai\'cr tly I.emler. BllrTowc:r !o.hall pa)'
<br />tl} Lender 01'1 the da)' monthly rayments are due under the Nute. ul\tilthe Note i.. I'aid in full, <l sum ("Fund!;") equal tll
<br />one.twelfth \If: (;I) yearly talt~ and ass~sml:nt!> which mn~' (tltain priority o..-cr thi!> Securit ~ Im.trunll:Pt: (h) yearly
<br />leasehold pa)'IllCnb or ground rents on thc Propert)', if uny; (c) ~'earl)' halard insurallc~ pr~milll1l1i; antJ (d) )'early
<br />mQrtgage insurance premiums. if any. These items are called "cscrow items," tl:nder may e!>timalt: the funds due on the
<br />basis of ~lIffent data and reasonullll: ~timates offuture escrow items.
<br />The Funds shall be held in an in5titution the deposits or account.. (If which arc insured or guaranteed h!. it fedl:r.al or
<br />state agency (inchJl!ing lender if Lender is such all illstitution), lender ..hall appl)' the Funds to pu:-r the escrow itemli.
<br />Lender may not churge for holding and applying the Fe'lids. anal}'ling the account or verifying the escrow items. unlt~ss
<br />Lend<~r pnys Borrower interest on the Funds and applicable law permits Lender to make such u charge. Borrower and
<br />Lender may agree in writing that interest shall be paid on the Funds, Unless an agreement is made or applicable law
<br />requires inf.erest to be paid. Lender shall not be required to pay Borrower an)' interest or earnings <In th~ Funds. Lender
<br />shall give to Borrower, without charge. an annual accounting ofthe Funds showing credits and debits 10 the Funds und the
<br />purpose for which each debit to the Funds was made. The Fund!' are pledged as additional securir.y fN the sum!' secured by
<br />this Security Instrument,
<br />If the amount of the Funds held by Lender. together with tbe future monthly payments ufFunds payable prior. tlJ
<br />the due dates of the escrow items~ sT:\"n exceed the amount required to pay the escrowitl:ms when, due. the elll:'-'SS shall be.
<br />at Borwwer's option. either rromptly repaid to Borrower or credited to Borrower on monlhly payments of Funds, If the
<br />amQlJ1lt of the Fund.s held by lendtr is not sufficient to pay the escrow itl~ms when due. Borrower shall pay'tO' Lender any
<br />amOfJ.llt necessary to,tl(Iakt:up th~d:elider.cy in one or more payments as required by Lender.
<br />UKNJin payment in full of aD] :s.~ms ~urcd by this Security Instrument. lender shall proml?t[:f refr.mdl t.lJ' Borrower
<br />any Funds held by Lender.lfur.d.ei(\3ragrarh 19 the Property is sold or acquired by Lender. Lcu.dcrsh;J1r.I1P'v.ly. no later
<br />than immediately prior to the sale of f.he Property or its acquisition by lender. any Funds helt! b~' lender at the time of
<br />application as a credit against the sums secut\.~ by this Security Instr\Jment,
<br />3. Application of Payments. Unless applicable law provides otherwise. all payments f'1:ceived by lender under
<br />paragraphs I and 2 shall beappli~: first, to late charges due under the Note; second. to prepayment charges due under the
<br />Note; third. to amounts payable under paragraph 2; fourth. to interest due; and last. to principal due.
<br />4. Charges; Liens. Borruwer shall pay all taltes. assessments. charges. finl:S and impositions attributable to the
<br />Property which. may attain rriurit): over this Security Instrument. and lm"hotd payments or ground: rents. if. any.
<br />Borrower shall pay these ('\blig3.tt.:JllS in the manner provided in paragraph.:!. (\\" if not paid in, that, manner. Borrower !ohall
<br />pay them on time directly to the person owed payment, Borrower shaH promptly furnish to Lender, all , notices of amounts.
<br />to be p3id under tbis paragraph, [fBorrower makes these payments directly. Borrower shan promptly furnish to Lender
<br />receipts e-."idencing the payments,
<br />Borrower shall promptly discharge any lien wlrich has priority over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the obliga.ttoo'secured by the lien in a manner acceptabie to Lender; (0) cOllic:o.i~ IIi guud
<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 lien or forfeiture of any part of the Propert)'; or (c) secures from the holder of the lien an
<br />agreement satisfactQry to Lender subordinating the lien to this Security Instrument. If Lender determines that an)' part of
<br />the Property is subject to a lien which ma~' attain priority over this Security Instrument. Lender may gi\~ Borrower a
<br />notice identifying the lien. Borrower shaH sati~fy the lien or take one cr. more of the actions set forth above within 10 days
<br />of the giving of notice. .
<br />5. Hazard InsuraDce. Berro-,:,. shaIKkeep the improvements' now existing or hereafter erected on the Property
<br />insureda,;ainst loss by fire, hazards included within thetem "e,'tendedcoverage" and any other hazards for which Lender
<br />requires insurance. This insurance shall be maintained' in the ,amounts and for the periods that Lender requires. The
<br />insurance carrier providing the insurance 5&.31:1 be chosen by &m'llwer ~ubject to Lender's approval which shan not be
<br />unreasonably withheld. .
<br />An insurance policies and renewals shan be acceptable to lender and shall include a standard mortgage clause.
<br />Lender shall have the right to hold the policies and renewals. If Lender requires. Borrower sball promptly give to Lender
<br />all receipts of paid premiums and renewal notices, In tbe event of loss. Borrower shalJ give prompt notice to the insurance
<br />carrier and Lender. Lender may make proof ofloss if not made promptly by Borrower, . ,
<br />Unless Lender and Borrower otberwise agree in writing. insurance proceeds shan be applied to restoration or repair
<br />of the. ~roperty damaged. if the restoration or repair is economically feasible and lender's security is not lessened. If tbe
<br />restoration or repair is not economically feasible or Lender's security would be lessened. the insurance pnoceeds shan be
<br />applied to the sums secured by this Security Instrument. 'ilIhether or not tben due. with any excess paid to: Borrower. If
<br />Borrower abandons the Property. or does not answer wit.hin 30 days a notice from lender that the insurance carrier has
<br />offered to settle a claim. then Lender ma)' concct the insurance proceeds, Lender may use the pro.::eeds to repair or restore
<br />the Property or to pay sums secured by this Security Instrument. whether or not then due. n1.~ JO.day period will begin
<br />wben the notice is given, . .
<br />Unless Lender and Borrower otherwise agree in writing. any application of proceeds toprilll:ipal shalF not extend or
<br />postpone the due date ofthe monthly payments referred to in paragraphs I and 2 or ;;bange the amount of t~c:payments. If
<br />under paragraph 19 the Property is acquired by Lender. Borrower's right to any insurance pclid\5 and proceeds resulting.
<br />, from damage to the Property prior tl) tbe acqUisition shall pass to Lender to t he extent of tbe su.ms secured "'y this Security
<br />Inst.rument immediately prior to the acquisition.
<br />'. -6. Preservation and Mai1ttenau.~e of Property; Le.aseholds. Borrower ~h;]1I not destroy. ~ama.geLlr substantially
<br />change the Property, allow the Property ti)~eteriorate or commit waste. If thi-s'Security Ino;.tru;nent is on a leasehold.
<br />Borrower shall comply with the pro..iSiuns,of'lhe lease. and if Borrower acquires fee title to the:P'r'operty. the leasehold and
<br />fee title shan not merge unIt::>!> LI'mler- agr.-e:s to the merger in writing. . ' :.
<br />7. Protection of Lendee~>s '9J,l!ltts in the Property: Mortgage Insurance. if'. B!Crrower fails to pcrform the
<br />covenants and agreements contain~d in this Security Instrument. or there is a legatprfJ,:I~mg that may significantly affect
<br />Lender's rights in the Property (such as a proceeding in bankruptcy. probate.:f.,r,6inrlt$:lation or to enforce Jaws or
<br />regulations)! then Lender may do and pay for whatever is necessary to protect the value cff!i:i: P'roperty and lender's rights"
<br />in the Property. Lender's actions may in~lude paying any !'turn!' secured by a lien which has priority o\er thIS Security
<br />Instrument. appearing in court. paying reasonabte attorney!'>' fees and entering on the Propert) hI make repaIr", All hough
<br />Lender may take action under lhi!' paragra~h 7. Lender does not ha\ e to do so.
<br />Any amounts di!tbur'ied by lender under this paragraph 7 shall become addltllmal debt of Horwwer secured b) thr.
<br />Security In!>trument. Unless Borrower and Lender agree to other term.. of pa} menl, tht"t: amount... ..hall bedr mlere't from
<br />the date of di..burscment at the Note rate and ..hall he pa)'able. with Intert~t, Ur"ll notl':(' from lemkr tl' DOHCl\\('r
<br />requc<otlng payment,
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