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<br /> 1. Pwy�nrnt ut Principsi�nd Intcrcat; Prcp�yment And l.atr ChArges. f���rrr���rr,hall pr��mrti�� {�ay� ��h�n duc
<br /> �hr�uu�ei�ul af unc!intrre�t on tne de8t evidenceti h�•the Note nnd Any prepa}•men!.�nd latr d�argeti due tsndcr the Note.
<br /> '. l��ndy tnr 1'��ca�s��lqsar:ncr. Subjcci ta ap�lical�lc!aw�r ta a a ria t�n����i�r�by Lrn.lrr.Eiu�ru«rr yl�all pu�.
<br /> tn 1 riuier�iii�lir.l�y munlhly pu��ment.r•ure due u�der the Notc, until the Noic is paid in tull,a�um t"Fundti')equul��
<br /> o��r•t�elfth t�1': (i�� ��rarly taxes and assc�:smrnts Khich may attain priority o�er �his Security In.�rumc�i�; (b) yearly
<br /> r IexsehE�k1 �+:��mrE�ts ur gcuund rent� on the l�roperty, if a�y; (e) yearly fla�arcl in�uranrr premiums: and (d) yrarty
<br /> i m�rtE��r incuranc�prcmiums.if any. 'fhc�c items a�c called"escrow item�."Lender may c�timate thG f�undr duc�n the
<br /> baN�uf'i:urrrnt d�IM�nd re���nable eslimptes af Puture escrow items. ' �
<br /> The Funds sh�ll b�e heid in�n institution the deposits ar accaunts of which arc lnsured ar guaranteed by a federal or �
<br /> Watc�ky (lnc:ludin� lRnckr if Lender is such an lnstItution). Lender shall apply the Funds to pay thc escraw items.
<br /> I.cnrkr mxy nw ch�r�c for holdin�and applying the Funds, analyzing the account or verifying the cscrow items� unless ��
<br /> t.etxkr paya�lorrawe�interest ort the FundQ and applicable law permits[.ender to make such a charge.A charge assessed
<br /> by t.endef in cnnnoc.�ion whh 8orrow�cr's cntering i�to this Socurity Instrument to pay the cost oP an i��depencient tax reporting
<br /> �etvke�lull nM br a char�e far purposes of the preccding sentence.Borrawer and Lender may agroe in writing that inttrest
<br /> �iu�ll be�ic)an the Funds. Unkss an agrecmcnt ls made or applicable�aw requires interest to be pt�id, i.enzier shall not �
<br /> be requi�ec!ta p�y Hor�owcr any i�tcrest ar earnings o� thc Funds. Lender shall give to Borrower� without charge, an �
<br /> �nnu�l�,eouniin�af the F'unds showing credits and debits to the Funds and the pwpose for which each debit ta the Funds
<br /> w�� nuak. The F'unds a�c plydgcd as udditional security for the sums secured by this Security lnstrument.
<br /> � IP thc amoun�of�hc Funds held by Lendcr,together with the future monthly paymenis of Funds�uyable prior to
<br /> Ihe due dates oP the tscrow items,shal)e�ceed the amount required to pay ihe escroW�items wheii due,the excess shall be.
<br /> 1 at Nc►rrov►er's aption.eithcr promptly repaid to&irrawer or creditcd to Borrower an monthly payments of Funds. 1P the ,
<br /> . , amount oP Ihe�und9 held by l.cnder is not sufficient ta pay the escrow items when due, Barrawer shall pay to Lender any
<br /> � amount ne¢es.�ary to m�ke up the drflciency in one ar more payments.as required by Lender.
<br /> -i 4%M�����yr������i��i`uii ui�ii sumg secured'ay this�ecurity Instrument,Lender shall promptly refand to Borrower
<br /> any Fund�held by Lender.li under paragraph 19 the Property is sold or acquired by Lender, I.ender shall apply,no later
<br /> � th�n immediateiy prior to the c�le oP thc Property or its acquisition bv Lcnder.any Funds held by Lender at the time af
<br /> applicalion as a credit taainst the sums secured by this Security lastrument.
<br /> . 3. AMlkatia�06 PaymenN. Unless applicable law provides otherwise, all payments received by Lender under
<br /> , p�rag��phs 1 and 2 sfi�ll be applicd:flrst,ta late charg�due under the Note;sccond,to prepayment charges due under the
<br /> . Note;third,to amuunt�psyable under paragtaph 2;fourth,to interest due;and last.to principal due.
<br /> . �. CMntt; L.iena. Borrowcr shall pay all taxes,ussessments.charges,flnes and impositions attributable to the
<br /> Property which may Attain priority over this Srcurity Instrument. and teasehold payments or ground rents, if any. -
<br /> Horrower shall pay t hese c►bligationc in the manner p�ovided in paragraph 2,or if not paid in that manner.Borrower shalt ' �
<br /> �y them on lime directly to the person owed payment. Horrower shall promptly furnish to Lender all natices of amounts �
<br /> to be paid under this pxragraph. If Borrower makes these payments directly,$orrower shal)promptly furnish to Lender •�
<br /> � receipts evidencinE�he payments. _
<br /> Horrower shall�romptly dischargr any lien which has priority over this Security Instrument unless Borrower:(a) t ,, _
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<br /> � agr�s[�wtiting W the paymenf of the�bligatian secured by the lien in a manner acceptable to Lendrr;(b)contests in gaad -
<br /> fiith the lien by,or deknds against enfarcement 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 pan of the Property;or(c)secures from the holder of the lien an
<br /> agreement satistactory to Lender suborclinating the lien to this Security Instrument.If Lender determines that any pan of
<br /> the Property is subject to a lien which may sttain priarity over this Security Instrument, Lender may give Borcower a
<br /> notice identifying the lien. &�rruwer shal)satisfy the lien ar take one or more of the actions set forth above within 10 days -
<br /> of the giving of notico. , ,
<br /> � S. Hwrd Insurancie. Iicirrower shal)kcep the improvements now existing or hereaf[er erected on the Property
<br /> ; insured against loss by flre,hazards included within the term"extended coverage"and any other hazards for which Lender
<br /> , requires insurance. This insursnce shall be maintained in the amounts and for the periods that Lender requires. The
<br /> . insurance carrier providing the insurance criall be chosen by Borrower subject to Lender's approval which shall not be
<br /> unreasanably withheld.
<br /> All insurance policies and renewals chaU be acceptable to Lender and shall include a standard mortgage clause.
<br /> L.ender shall h�ve�he right ta hold,the policies Und renewals. IP I,ender requires,Borrower shall promptly give to Lender
<br /> � all receipts af paid premiums and renewal notices. ln the event af'loss,Borrower shall give prompt notice to the insurance �
<br /> j carrier and Lender.Lender may makc proof af las if not mudc promptly by Borr�wer.
<br /> r Unless d.,ender and Ekirrower�fti�crwise agra in writing.insurance proceeds shall be applied to restoration or repair r���
<br /> ; of the Property damage�i. iPthe restoration or repair is ecunamically feasible and i.ender's security is not lessened. If the
<br /> , restoration or rrpair is not ecanomicatly feasible nr l.ender's security would be lessened, the insurance proceeds shall be ' -
<br /> applied to the sums sccured hy tF�is Seeurily Instrument, whether or:�ot then due, with any excess paid to Barrower. If _
<br /> 8orrower abattd�ns the Property.s�t cic�es nnt answer withi�30 days a notice Prom Lender that the insurance carrier has
<br /> offered to settle a claim,�hen Lender may caltect the insurance prc�ceeds.Lender may use the proceeds to repair or restore
<br /> the Propeny or to pay cums srcured hy Ih�s;5ecun�y Instrument, whether or not then due. The 30-day period will begin
<br /> when the n��ice is givcn.
<br /> '� � Uniess Lender anc[L3cirruwrr ul herwitie agrre in wnting,uny applicati�n of prc�ceeds to principal shall not extend or
<br /> postponc the due date af the monthly paymenl4 rcferred to in paragraphc 1 and 2 or change the amount of the payments.]F
<br /> under paragraph 19 ihe P�o�xr�y i�i�ryuircd by I.cnd�r, 13orr�wer's right to any insurance policies and proceeds resulting
<br /> from damage ro the Proper�y r��nr tn the Acyiu�iuon�hnll pas�to t.r.nder t�the extent of the sums secured by this Security
<br /> Instrumant immedi�trly�riur t�►�hc ncyui�uum
<br /> 6, f'reserv�tion�nd�1�IntenAnce nf 1'roperly;l.eyseholds. f���rr��wer.hcill�ua desuoy,damage ur substanual�y
<br /> change the Property, alluw thc I'n��xrty t�� �Oc�erua.�tc ��r c�7rnnut ��a�tc. If thir 5ecuru�� lnstrument ic on a leasehvld,
<br /> Botr�wer shaU comply w•�th Ihe��r��►�isa�n+�d'�hc Ira�c,arid i�lia�rm«cr a�q►urea fee ti�le tu the Yroper�y,the leasehold and � -_- --
<br /> fec titic shall not mcr�c unlc�c Lendcr u�;rcc�st+thc mcr�;rr in wrn�ng. •
<br /> 7. Protection of I.Snder"s Itikhts in thc i'rr�perty: �tc�rtkake Insurance. If Hi�rr��aer fail�. �o perform the
<br /> covenants and agreements cuntcur�cd in thi�tie.u�it� In�trunirnt,��r thcrr i�:�Irgal rn�cceding that may ti�gnificantly aflect .
<br />" Lender's rights in IFte Nri,perty (�uch :rti a �+nk•re�ImF; ni hankniptry. rruh.i���. fi�r �•�,ndemnatu�n or to enfi�rce I�ws or i
<br /> regulations).Ihen l.rtider m,y dt�:ind pa� fnr w halc�er��o►ccr,�.�r} �i��,r„tc.•�the+aluc�tif thr Pr��+en� anci l.cndrr'ti ri�ht�.
<br /> in tlie Prc��er�y Le�idcr's ar���m� r�i�iy �n.ii►�ir p.�y mFc :�s�� .uin. .rrurrci hr a hcn «hich ha�rrior!t� �,tier thi�Sc�urity
<br /> � Inslrument.appcarm�;in c��un,}�aym�; rc.i.�a�,�hlc,�ttc�rnr}�' fcr�;uni cntcnn�� uu thr Pm�+cNy tc,mahr rc�+air. Althuugh .�
<br /> Lender may�ake nctu�n ui��ser�hi�p,ua�;r.q,h �. I cuelrr�tnr,m�t h,i�c•I���f��"�
<br /> . Any al�u�uul��li+hui,r�l h1 f cn�tci uu�lcr Ih�r�,.�re�;rat,h 7 tih.�ll hc.�unr.�d�lituv►.i)�irM nt lii+rn,��cr tierurcd h� th�� �'
<br /> Securiry Inctrume�U l�nle"li�+rr���cer t�n�1! cu�lei .ih�rr fi���►hc� trrn�.vt��.��nu•nf. the•e:1111��U1i1��Il:�ll hrar mtcrr.t fn,ni ��
<br /> Ihc d:�IC t�1'd��bu!'4t't!?clit ::t t!!e �ole t.str s:u! •.li.;l! :; j+,i:.thl�-. u���'i �titrtr.;. uj:,�r� n,•itcc li,�m � ru�tr� t�� {iniirn�cr ! �ib�
<br /> requc,Ung paymcnt ,
<br /> If l.cnder rcl�Ulfl'l� 111(�flp;.1�;C Ilitilll.11l�C .1♦ J t��lll�llh�ll ��� 111.1{�U1�.' l�Il' ��tt{I ♦t':Ilfl't� h\ (fIK tCiUlll� �lltil�lltllf'lll. ., .
<br /> li�,rn,��cr �h:tll �,.:y rt�_•ps��inuin� rci�usrrJ t�� ii�.��u�.iu� �lir nitiui,u�.r �r� ��Ir� � iniUl ��u.•h I�nir��� thr rcyiniruir�u fnr thc
<br /> in�urancc te�nun:itc�inacr��rtl.m�cailh linr�����r� ..�u�l l �n�fr� `��r�tl�i�.�t•i<<�nrni �•i .q���li�.ihlrLn►
<br /> $. Ins�cctincl. I cndct ut �I� ,�f:cnt tai.n ni.il.� t.,�•,�i�.�hlr �utii� , u��..u.ii�.f n�.��.�u�•r,� ,,t tl�i !'rr�•crt� 1 rn�lrr
<br /> ti�l�l���:l\C��Itff11�11'1'11�+tICC.l��flt'�►IIICI��nI ��(h'11��.tf�f11•,f•:��I��I���•t-i��\Ifi,'li'.I�.�li.1��1t�i.lu�:.'I,�tl�ll'IN��rC.flt�l� � .
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