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<br /> -' , � trNn�oleM oovet�urr�s. Ho�r�cwrrr sna r�,maec caven�at.na,grx u fouows: � � � , ' . ` , � � .
<br /> ' 1. At�alt of Ptf�s1�1�i Iae�re�Pe+e/4ae�t ai Ltr C�ryp�. Hormwer shaU pmmPUY PiY when duc � . .
<br /> ' �` � �e�P�������t��tevid�a�oed by the N�ta aad aay prepsyment�nd lste chuges due under the Note. � �
<br /> , � 2, Fa�is tor T�icn ai L�te. Subject to applicable law ar to a written auver 6y Lender.Borruwer shal!Qay - �
<br /> to�.eader aa the day maetlilY P�Y�ts�r+e dae under ttse NotG until the Note is paid i�fnll.a sum("FunQs")e4ual to �
<br /> � ..�. oaNt�ve�lh-� (a)Year�taxes sad astesa�mts�bich ttiay attun priarety ovar ihis Sdcwity I�strumen� (b) Y�Y
<br /> ' 1p��oid [xyn�m4 or�q�d sir►ts on the Pmperty. i�anY: ��)YearlY Lara�iasurance praniums; and (d)•yearty , . . .
<br /> , • ma'tp�e�ptemiumt,if any.lUae items are callad"escra�v ltems."Lender may cstimste the Funds duc on the - �
<br /> ' . ba�afcammtdwa.aiireasonabkeuimate�offutureescrrnvitee�.s. . ' .
<br /> . �, ` � ?be Fuads sUall be bdd iu an institntio��the deposits or ao�opnts of�r}�ich are insund or guaraateed bp a fe�eral os ` , .
<br /> � ��9 C��i La�der if I�Wer is auch aa institutiaa�I,ender s1�aI1 appl�the Fuads to pay the escrow items. . ;
<br /> � � . . Ldn�kr msy noE ch�r�e for boldir�a sod spply�ng tbe Fuuds,analyzing tb�account ar verdying the�scrow items,unless
<br /> `� �P�Ys�iaterat on ilie�tmds aad applicable ls�r permits I.ender to�nslce such a charae.BQnawn and .
<br /> • . I•e�der maY s�ra ia�rit�tbsi inter�est si�al�.be ptid on tbe Funds.,Ualesa an agre�ment is made or spplicab2e 1a«r
<br /> . : �qnins inier�st to 6e p�l,Len�a shall not be raquirc�to pap Borro�ver any uitertst or earoings on the Funds.Les�der_ � � `
<br /> s�allpreLaBam�ra,�vitha�ichuse.aaannuu�i axountingoftheFuadsshowiseg srsdiisaaddebitstotheFundsand the
<br /> . ' pur�ote for�rhich ach debit w the Fw�ds wraa made.The Funds are pkdged as additional securtty for tlse sums secured,hy �
<br /> ; t1�isSecutitylnstrumea� . . . . .
<br /> � tf the amouat of tha Fur�s beM by Lrnder;togdher Mith the future iuonihlY PsYmeats of Fa�nds payabk grior to � '
<br /> � the due daiss vf dse escro�v items,,:sh�lt ea�ceed t6e�mouni required W psy the�crrnv iums whea auG tl�e exces�sbtl!bG .
<br /> , sE�otroxeds a�stion,dtbar praas�tty reQa�id to Horroaer or credited to Banrower on monthly paqme�ts of Funds.If tbe
<br /> • stnount of the Fands l�dd�►�er,is not su�'icieat to pay the escro�r items whea du�Bonower shaII pax to Lender aay
<br /> � am�v�tnt aecessary W matis up tlie deficieacy in oae or mon payments as requzred by Leader �
<br /> _ � � Upon�ymeni in full of aU sams secured by this Security lnstrument,Lender sbaU promptiy refand to Borrower
<br /> , • any Funds bdd 6y Lender.If tdidcr�pb 14 ths Praperty is-sotd or acyuired by Lender�Lcader s1�aD a{rp1y,no laier � .
<br /> ; � than immal�ately prior w the sale of the Property or its acquisition by Lender,any Funds held by Lender at the time of
<br /> � sppJ�cation as a ctedit agninst the suaic socured by this Security Instrumea� � '
<br /> � � � 3. Arplip�tfo�oi Psysnb. Unless applicable law provides othera►ise,a11 payments received by Lender under -
<br /> ' paragesphs 1 and 2 shali be applied:�to tate charges dne ander the Not�second,w pnpaytaent charges due�adet the
<br /> ' � Not�thira,to amounts payable unde�&�'+B+�Ph 2;fourtb,to in:�reat du�and last,b��ncipal due. .
<br /> �• (7�r�e�Lkat. Borrna�stu11 psY a11 taxes,assessmenis,charges,fines ar;d impositions attributable to tl�e
<br />: Propetty wvhich msy atuin priority ovet Lhis Security Instrumsat, aad P�asehoId payments or ground rents, if any. � : �.
<br /> • ; Borrower shaU pay thest obtigarions in the maaner provided in puagraph 2,or if not paid in that manner,Borrower shall ;
<br /> � p�y them on time diroctly w tht pes�rs owed payment Borrower shall promptly furnish to Lenda all nafices of amounts � �
<br /> . , to be paid under this paragraph.If Borrower malces these pa�yments directly.Borrawei shall promptly_furnish to I.ender �
<br /> roceipts evidencing the payments. ; .
<br /> Borrower ahall promptly discharge any lien which has priority over this Security Iustrument unless Borrower:(a) ' '��`
<br /> agnoaa in writing W the payment of t6e obJigation secured by tbe lien in a manner acceptafb2e to I.ender,(b)canttsu in good i,:�.
<br /> . faith the lien by,or defends against enforcemeat af the tiea isi,tegsl proceedings which in the Lender's opinion operate to � ---
<br /> � prevent the eaforcement of tke lien or forfeiture of any part oFthe Property;or(c)secures from ths holder of tLrr licn an � . � -'`
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<br /> , agyement satis�'actory to Lender subdrdinating the lirn to this Se�sritq Iastrwnent.If Lender detertnines tt�at any part of � � �
<br /> We P r o p e r t y is subjxt to a lien which raay attain priority�ver this Secaarety Instrument,Lender�ay give Banower a =
<br /> , norice identifying the lien.Borrower shall satisfy a�e lien or take one or mcsz�e of the actions set�'orth 2save within 10 days �"
<br /> ofthegivingofnotice. . . . .��
<br /> : S• Haaird laaraace. Borraxer shaU kap the img�.�sements now existing or�creafter erccted on[}�.e��operty
<br /> insured againsII foss by fire,hazards included within the term``e�ended coverage"and a:�+other haza.*ds for wAich Lender
<br /> � � requins insurance. This insarance shall 6e maintained it� the amoun;s and for the periods tbat �der rsquires. The
<br /> � insurance carrier provi�.g�e insurance shall be ehosen by Borrower subject to Lender's approva�which shall not be
<br /> unreasonsbly withheld:
<br /> . All ices�rance policies and ren�v�ls shall be acceptab:s to Lender and shall incd�ade a standard mortgage clanse.
<br /> � I.ender shall Ysave the righ3 to hold tPr:�olicies and renewals.A�Lender requires.Bosrow�er shall promptly give to l.ender � � �
<br /> � �Il receipts of p$id pre��s and r¢newal notices.dr�the event of Ioss.Borrower shall give prompt crezice to the insurance
<br /> csmer and Lender.Lender may make proof of loss if not made promptly by Borrower. '�
<br /> ' Unless Ltnder and Borrower osherwise agra in writing,insurance proceeds shall be applied ta restaration or repsir �
<br /> of the Property damagod,if the restcsation or repair is economirally feasible and Lender's security is not lesseceea.If the �
<br /> � � restotation or repair is not economically feasib2e or Lender's sacurity would be lessened,the insnrance proceeds shall be �
<br /> appliod to the sums secured by this Security Instr�r:snt,whetiter or noi then due, with any excess paid to Borroaer.lf
<br /> � Borrower.abandons the Property,os dfles not answer within 30 days a notice from Lender that the insurance carrier has�- � "��"�� �
<br /> oRered to settle a claim.then I.endtr may colloct the insurance proceeds.I.ender may use.the praceeds to repair ar rrstore
<br /> the Property.or to pay sums secnred by ihis Security lnstrumer:t,whether or not then due.The 30�day perivd w�i�3 begin
<br /> �rhen the notice is given.
<br /> ; U�less Lender and Bonower otherwise agru in writing.any application of proceeds to principa3 shall not eatend or �
<br /> po�tpone the due date otthe monthly payments referred to in paragraphs 1 and 2 or change the amou�t�oP the payments.lf
<br /> . under paragaph 14 the Ptope��qr ts acquired hy Lender,Botrower•s right to any insurance policies and proceeds resulting
<br /> from damage to the�roperty prior to the aequisition shall pass to Lender to the eatent of the sums secured by this Security �
<br /> ,lnstmment immediatcly prior to tht acquisition. �
<br /> . . 6. Preeervstlan a�d Mst�teea�ce ot Pro�erty;La�e6oids. Borrower shall not destroy.damage or substantialty
<br /> change the Property,a11ow the Property to deteriorate or commit waste. If this Security Instrument is on a leasehold, ___ ___.
<br /> • . Borrower sha13 comply with the pravisions af the lease,and if Borrower acquires fee title to the PropeMy.the leasehold and '
<br /> fa tltle shall aoi merge unless I.ender agree.s to the merger in writing. - � �
<br /> -- - :.. ... 7. Prateeti�►�ot I��s Rtgh.s ia !� Ploi�Y: `.��t8� �asurance. t� Ilot'faw�' f$ij� tv�xrform the ' #
<br /> cavenants and agieements contained in this Security lnstrument,or there is a legal proceeding that may significantly atfect
<br /> Lender'¢righta in the Praperty(sucb as a proceeding in bankruptcy.pro6ate.for condemnation or to enforce laws or
<br /> regulations),then Lender may do and pay for whatever is necessary to protect the value of the Property and Lertder's rights � �
<br /> in the Property.Lender's actions may inelude paying any sums serwed by a lien wftich has priority over this Security � �� ��
<br /> L Instrument:appeasing in ruurt,paying rea5omable attomeys'fees and entering on the Prc��ieny to make repairs.Aithbugh — -
<br /> l.ender rr�y take action under this paragraph 7.I,ender does not have to do so.
<br /> � Any amounts disbursed by Lettdrx under this patagraph 7 shall bec�me additional de�t of Bonawer sesured by ehis �
<br /> _ Srcurity Insirumertt.Unless Bonower and Lendas agret to other terms of paymet�t,these amounts shall bear interest fram �
<br /> , the datte of disbvtsement.at the Note r�te and sh,ali be payable. with interest, upnn n�tice from Lender to $orrawer , �
<br /> requestin8 i�Yment. . -
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