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<br />(,imi,f ittsl t'ovii,v ti-, t s Ilorrimer anclLcrider coveuunt and agree us, fulloc�s:
<br />1, payniant of priiieaip•al and Intereatl 1'reita 'mint And Late Charges. Borrower shall promptly pay when due
<br />the prntcrpal elf aria1 ttetc!re�`t rfi flee ilrbl r%uIrliced by Ides Noic and any prepayment and late charges due under the Note.
<br />�. Funda for Taxaa and Inut+canev, +altar; t to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender r. n the tiny ramilhly psyavelll% ripe title Whiter the Notc, until tltr Note is paid in full, a sum ("Funds") equal to
<br />ft onQ•tweltlh Of (a) yearly taxes 11110 acs %i:zsmrnl% %+:Nish may attain priority over this Security Instrument; (b) yearly
<br />luasehold paymcf11s or grt +tend ruts nn the Property. if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortgage insurance prettititi m if any. Ir llrcr items are called "escrow items." Lender may estimate the Funds due on the
<br />basis of current data and reasonable r%limatcs of future escrow items.
<br />The Funds shall hr held lit an uMillition the deposits or accounts of which are insured or guaranteed by a federal or
<br />state agency (including Lender if I.rnitrr i% s1i(.lt an institution). Lender shall apply the Funds to pay the escrow items.
<br />Lender may not churyte Itif holding Will appltinli the Fonds, analyzing the account or verifying the escrow items, unless
<br />Lender pays Ilearri%wer intetcsl on the banns and applicable law permits Lender to make such a charge. Borrower and
<br />Lender may agree in writing that Interest M►all tic paid on the Funds. Unless an agreement is made or applicable law
<br />requires interest to he paid, Vender +shall nett tx: required to pay Borrower any interest or earnings on the Funds. Lender
<br />shell give to Borrower, without char f e, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debut to the Funds wW% made. The Funds are pledged as additional security for the sums secured by
<br />this Security Instrument.
<br />if the amount of lice Funds held by Lender, together with the future monthly payments of Funds payable prior to
<br />the due dates of the escrow items, shall exceed the amount required to pay the escrow items when due, the excess shall be.
<br />at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. If the
<br />amount of the Funds held by !.ender is not sufficient to pay the escrow items when due, Borrower shall pay to Lender any
<br />amount necessary to make up the deficiency in one or more payments as required by Lender.
<br />Upon payment in full of all runts secured by this Security Instrument, Lender shall promptly refund to Borrower
<br />any Funds held by Lender. if under paragraph V9 the Properiy is .old or uc:quired by Lender. Lender shalt apply, no later
<br />than immediately prior to lite sale of the Property or its :acquisition by Lender. any Funds held by Lender at the time of
<br />application as a credit against the sumssrcured by this Security Instrument.
<br />3. Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs 1 and 2 shall be applied: first. to late charges due under the Note; second, to prepayment charges due under the
<br />Note; third, to amounts payable tinder paragraph 2; fourth. to interest due; and last, to principal due.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges. fines and impositions attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any.
<br />Borrower shall pay these obligations in the manner provided in paragraph 2. or if not paid in that manner, Borrower shall.
<br />pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph. if Borrower makes these payments directly, Borrower shall promptly furnish to Lender
<br />rnre•ipts a virlencino the na%•Ments,
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: W.
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (b) contests in good
<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 Property; or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of
<br />the Property is subject to a lien which may attain priority over this Security Instrument, Lender may give Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within • 10 days
<br />of the giving of notice.
<br />S. Haurd Insurance. Borrower shall keep the improvements now existing or hereafter erected-on the Property
<br />insured against loss by fire. hazards included within the term "extended coverage" 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 shall be chosen by Borrower subject to Lender's approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall 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 shall promptly give to Lender
<br />all receipts of paid premiums and renewal notices. In the event of loss. Borrower shall give prompt notice to the insurance
<br />carrier and Lender. Lender may make proof of loss if not made promptly by Narrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance prtweeds shall he applied to restoration or repair
<br />of the Property damaged, if the restoration or repair is economically feasible and Lender's security is not•lessened. If the
<br />restoration or repair is not economically feasible or Lender's security would he lessened, the insurance proceeds shall be
<br />applied to the sutras secured by this Security Instrument. whether or nor then clue. with any excess paid�to Borrower. if
<br />Borrower abandon.4 the Property, or does not answer within 30 days a notice froln Lender that the insurance carrier has
<br />offered to settle a claim. then Lender may collect the insurance• pro +cecdr Lender may use the proceeds to repairor, restore
<br />the Property or to pay sums secured by this & unty instrument. whether or not then due. The ;p- day•period will begin
<br />when the nolliite ii given.
<br />Unlitss Lewder and Borrower otherwise agree ua w raring, any apphcaUon of proceeds to principal shall not extend or
<br />postpone tbArduedate of the monthly payments referred to Ili paragraphs I anti 2 or %;hang% the amount of the payments if
<br />under pamgTaph 19 the Property is acquired by Wider. Harrower'. right to arty lnsutance policies and proceeds resulting
<br />from damage to the Property prior to the acquislta!u shall pass cal l.cndcr to the Carol of the sums wi:ured by this Security
<br />initrirrrgri.i immediately prior to the acquisattou.
<br />.' Preservationand Maintenanceof Property; Leawhitldti. lit irrimcr shall not destroy. damafc arsuhstuntially
<br />change the Properly, allow the Property to deteriorate or commil a,tste it fill,. security Instrument is on a, leasehold.
<br />Wvrower shall comply with the provistons of the Ic;aw. 411141 if Morrow er au quucs tear lit lc t„ llte Property, the lease: hold and
<br />fee title shall not merge unless Lender agrees to It tic merger tit w tiling
<br />7. Protection of Lender's Rights in the Property; Morlkage Inuurance. It ltorrouer fwk to perform the
<br />covenants and agreements contained ut this, Security Instruillolr. rlt them ma lv1,A pros• c.hn►; th,it lode .iFtifi.: Idly -,tfl'ect
<br />Lender's rights in the Property (such a %a proceeding rat banituptsy, pri+b,uc. for tonlienlomtoi, it let rnfotre laws or
<br />regulations), then Lender may do and pay fat w ha►c%cr is riccc%%at,, ti+ pu tie e t tlrr v dour t it !lie t'r,.p: rt % aid I emic1 % rights
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<br />in the Pruixrty Lender'. actiom may niclutte paNIlig .ens Burns %corset by lives momb Iris p►urrti% chic 4ecuriq
<br />ln%frumrnt. cappcatlnF in court, paStng rcauinatdc alts +rnv%s' let- -. ,ui) virrrrule . `i ►tic 1'rr.l• i t% n• r,,•,l.c r, I+aw. Allluruc•.h
<br />I Crider tn.ty l cadet lJoes n,it tt.iTe to oo, -
<br />Ai% atnouits dts bur.. ^,d by I endrr ui 1vt !lift i : ;r.tt ral+h ' ball'•_ . 'flit r,l•h,' .i`.,t .Iii l .0 It '114awl %V• L$ d 'n i t"s
<br />�iti il6itj itatrmilcrit Vino•. florrm.;'randI ruler. ;rri:ir: +tt:Cr trtt:a,•!�•.: t7::! -. 'I`• .•!r +•• +••'i..ir.,!r Iv•.!r 11.1, fr'•.t 11,,Ub
<br />the 41.11c of dt"blirwillrnt al the Nr+lc r,ii .11119 %!.Ili to l.•.n.i• +Ir %t,ih it 1 • i:• tr.•if, 1 lot, r 1, - If. -!II •tr
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