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<br /> ' �lTNt�olttK CovE�tAt�TS: .Borrower and Lender covenant and agree as follows: �
<br /> , . l. Psyrest.ot�Priaci�al st�d Inteta�Qrepsyme�t aad Late�argeg. Bonawer shall promptly pay when due ; ,
<br /> `• < : , < ��te pfincipal otand intuestc�stthC debt evidenced by tbe Nateand aay prrpaymerrt and tase chazg�s d�+e uasiu the.Note. ' � ` `
<br /> ` � • 2. Fa�far T�.ta a�Iatunnce. •SubjecE to applica6le taw ar to a written waiver by Leada,Bonower shaU pay � °
<br /> �, , so Lender on the day monthlp paymen;s�are due wtder the Note,,nntel the�Note is�aid in fut�,a sum("Funds")eq�al to , � � : �
<br /> #""' ., ' v�-i+�r�lfth o�.(a_ ycaFl r�tsxts�attd assasiutnis-wbich_ata�r_attai�.-Qriorit� over ihs.s Secuncy lnstrumtnt; @?YearlY
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<br /> � � � .l�eh�.PaY�tnrn�os�graua-�ren on �rope-�y.-�any; tc)yr�Iy.� ms7 ufance p�i�-��-y.�rF�-- -� _— — , -
<br /> , martpac insunnse premiums,if anp.Th�se ite�ns arecAllcd"escrow items."Lender may cstimate the Funds duc on the. - .. . .
<br /> : ` b�sisof'�ur�egtdat�andreuonableestimatesoffutureescrowitrms. � ,�= `� . ` . .
<br /> � ' � TtK Funds sttsll be heW'in an institution ttte depos?�ts u�accouats of which are insurcd or guaranteed by a fedecal os ' �
<br /> � state aaency.{iacluding La�der if Lendei is such an,�institution). Lsr►dcr shaU apply.the Funds ta pay the escrov�iterns. ,. ..
<br /> " I.en�kc may not c6as6c for hotding and applyuig the Funds,�analY�ing the accbunt or verifying the escrow items.unlas � ,
<br /> . - - .- I.mder ptys.Hncrn�ve��nterest.nrith�Eunds.and.ar+.�tim�___hte law peamits Lsnder.tQmake_s�1c2s ar.harg+e..Hunower anid _ . . . -- . _-
<br /> , �.erider may��ro�e in writing that interest shaU 6e paid on the Funds. �Jnless an agreement is made or applicabie[aw .
<br /> s�quires interest tq be p�aid,Lender shall not be required to pay Bonower any iaterest or earnings�the Fands.t,ender � � '
<br /> � � . , s1uU Eive t�Borrowcr.arithaut chaige,an aanual accounting of the Funds shawing credits artd debits to the Funds add the :._. "
<br /> � purpase faf w?�ich each�bit to the Funds was made.The Funds are pledged as additiona}s�carity for the sums secured by
<br /> , : . tJ�is�curftyFnst�mat� � � : �� . . � � .
<br /> ` Ii tht amouint of�hhe Fund"s�etd by Lender..ioge3her witb the futura�oathl4 payments of Funds payable p�ior to . '
<br /> - . � �dne dxtes of thc es+cr��items,shall tacttd the amoant re.�ui.�to p. -+���:��•rtems when due.the excess shall.b� .
<br /> �Honowtr's optic:sr,eetkter presmptly cepa'sd to Borrower or credita!to B�:rc�e�e�an�s:�ntl�eY Payment�of F�nd�If thr , - - - .'. -
<br /> � � � aif�ount of the�unds hetd by Lender is not�ufl'iciene to pay the escrow items w�en du�8orrower shall pay to Le�der any , -
<br /> � � amount necessary to make up the deficitncy in one ar more payments as required by Lender. � � �
<br /> . . . Upon paymtnt in full of alt sums secured by this 3ecurity lnstrum�nt,Lender shall pran�ptTy refund to Bonawrr
<br /> . �sy Funds held by Lender.If undtr parag►aph 19 thr Property is sotd or acquired by I.mdcr,I.�scicf shal�apply,no tater � �
<br /> � +t2iu�immediate�y prior to the salc of the Property ar its acquisition by T.ender.any Funds held by�.ender at the time of
<br /> � � applieation as aeredit ap,�ainst the sums seeured by this Security lnstrument.
<br /> ; � 3. Appllcstton a!P�yinents. Unless applicable law p.►avides oiherwis�all payments received by[.ender under • �
<br /> � . paregaphs 1 arid 2 shal`be applisd:first,to late charges dae urtder the Nate;second,to prep�yment charges dae under the
<br /> - Note;third.to amounts y�yabte urtder paragra�,`�f 2;fourth.to interest dur,a.-rd last,to principal due. � ,
<br /> , '4. �G7u�Ue�s. Bonower shal�pay aU taaes.assessments.ciu�es,fines and impositions attributabte to the
<br /> Property which may aqain priarity,over this Secucity lnstramerat, and Feasehold qsaymcnts or ground rents, if any.
<br /> Bonower shstl pay these abligations in the manner providcd in paragraph 2.ar if not paid in ehat mannrr.Barrow�er shali ' �
<br /> , pay them on time directiy to the persnn oweA payment.Borrower thal)promptly furniyh to Lendtr all notices of amnunts � .
<br /> to be paid under this paragraph. !f Aorrawer make�these payments directly,Bc�rrower shail prompcly furnish to Lender
<br />, rectipts evidencing the payments. �
<br /> Barrower shaA Fromptly discharge any lien which has priority over this Security lnstrument unle�s 8onower.(a) �
<br /> � asrees in writing to the paymer►t of'the obligatiAn secured by the lien in a manner ar,ceptabte to Lender,(b)contests in good � '
<br /> � faith the lien by,or defends Against enfasament of the lien in,legal proceedings which i�the I,ender's opinion operate to .
<br /> . prevrnt the enforcement ot'the lien or forfeiture oPany part of the Property;ar(c)secures from the hotder oPthe lien an _
<br /> � J agrarn�ent satisfactory tt�Lendcr subnrdinating the lien to this Security Instrument.If Lertder detet�nirtes that xny part of . � _
<br /> ; the Propetty ia subjeet ta a lien which may atts�in priority�ver this Security Instrument, Lender may g�ve F�rrower•a `
<br /> � ' notice idrntifying the liett.Bofrawer sh�ll satisfy Ihe lien or take one or m�ae�f the actinns Set farlh atx�ve withirt 10 days �
<br /> � . of the giving of notice. ;-�
<br /> � S. Hsz�rd lns�ranee. Barmwer shall keep the improvements nnw existing i�r hereafter erected�n�he Pcc�perty
<br /> insurtd against loss by f�cw,hayadls inctuded within�he tcrm"extended coverage".�nd any other h3aards for ahtch l.ender
<br /> • ; rtquires insuran¢e. This insurance shal! tx ma:ntained in the amounts and for the �+erind�ihas �.ender requires. The
<br /> . � insurance caryier p�oviding the insurance!shall be chosen by Bortowcr�ub}ect to l.cndcr'c a�rc�val which tihall n�,t 1�e „
<br /> unreasanably withhcid. � .
<br /> � All insurance policies artd renowAl4 shall be n�:ceptahle uti l.ender and shaU ureiu�lc a standard me�rtgage ciause. �
<br /> ; Len�er shafl have thc right to hold the paticie:�a�:d renewats. tf I..cnder rcymres,iinrmwer shali y�rnmplly g�ve to t.ender
<br /> � ; al)receipts aP paid premiums and renewal notrces 1n the cr•cnt of tos�,f3orrowcr shall gi�c ptompt not�cc tv the insurance • ••
<br /> carrier and�nder.I.ender may n�aKe�ranf nf'tnss if not mad_pramptly by Horrower. '
<br /> . Unless l,ender and&rrrovver othetwise abree�r�wruir,�,�n�urance pn�ceeQw�hai:1?c apphed tr►re�taration E�t rep,�+r "��
<br /> � of the Pmperty damaged.it thr restarntinn�+r repair ic ec��nomically feacihle and l.ender's cecurity i�not Ic�rcned. tf the
<br /> restnration i�r repair is�ot cranomically fcasible or l,ender's sccuray w�outd bc lcwscucd,l}IC ID�U6aUCC(1fUCCC(IS bllilll Fhi
<br />: � apptieci ta Ihe sums sccurrd by this Security instrumrnt, whcthcr or not thcn duc.a•ith any exce�s�aid tu N��rrnwcr. If
<br /> . Horrower abandans the f'roperly,or dc�e4 nos answ•er w�th�n :iU Aays a n��tf:;c t're�rn Cc�.dcr tha�Ihi ins�rnncr carrier.ha5._. ... _. _.__.. _ .
<br /> offeted to settlea claim,thcn Letttter may rnitect the�ngurar.ce�cexeecl�. l.ender may +i�the ptoceedti to repa�r nr rert�sre
<br /> ' � the�Property ur tc+p�y sums:+rcuted by this Secunty In�trwnent,whether�r nut thcn due. 'The;0•day �cnr,c�wil)hcgin
<br /> ' when the notice is given.
<br /> � Unless l.ender and Bnrrnwer otherwice agree in wnt�ng,an}apphwtum uP pn�ceed�tc+pnnc�pal tihall iwt cx�e�id nr
<br />� p[>stpane Ihe due datr of�he im���thly p�ymc�ltti rrfetrrtl tn�n paragraphv I astd 2�+r chanRe thc ame�um��f t hc payrtientc. If
<br /> • under parngraph 19 the Pr��perty is ucyuired by I.ender,ll��rrc�a•rr'ti r�ght tc►at�y uitiur.�ncr�+�dccics as►J rrureeds retiultmg
<br /> ; t'iom damage tothe Ptu�rly�iriur tu the acquisuinn shnll patis tv�AUC4er tc�the e�trm uf thr tie�rm�cc�ucd hy th��Secunty
<br /> lnstrumcnt immediately priur to�he acquiwtuai�.
<br /> 6. Prescrv�tinn nnd�faintenanceof Pruperty;Lcasehul�s. tiurrf�wer ShaH e��u dekt ruy,dan�age nr�uh�tautially
<br /> . change the Prnperty,aU�►w tf�e 1'r��perty to ctetcnnrale or earnmit «aHc If thts 5c�ut�ty in�truznent �ti c,n a tea�eholQ.
<br /> . Hnrrc�wet shs�Ilec�t:�ply�vith ttie pmvirie�iis��f the lea�e,ancl�f Harra�titier:+cqeiere�Cec t�tle t��tl��1'r+ti��rtty.th�•Ir,��ehntd.+nd .------=
<br /> fee tide shalf rio�rrcergr unlr,s�I.endcr agrers t��t hc u�erger ar«nting.
<br /> � , 7. f'YOtection of I,ender's R�ghts(n Ihc Prc+perty; ��nrtg�gc lnsurance. If IL.+Fft�t4t;f f,,il, t�+ t�etfi�ri�i rl�e
<br /> � - CarCrtStlis�ii��g�L�tliPti[S iCTiT:ihic�tfi t�ii�Scctlfify inefrunienE.e�r[hrrc��a teg�+i�.r�-�crdu��;tfi.d niay«�iiificaiifTy atTer[ � �
<br /> . � t.ender's rights�n the�'ru�+erty (4uch a��prvcc�ed��E�in baul►ruptc}. prti���te.li+r ecmJe�����atiti�re i}r ttF cnfi�rce l�:wti�,e ` •
<br /> ` • tegulaliotts).then Lender may d��a�:d�►.i}•for a hatever is»cce��ar�tu�+rutccr tfcr�alue��i't},e I'nt��rrty:mct�c�ider'�n�;ht�
<br /> in the Prnpe:rly. l.c��der's arEci»y�ma} uiclude pay�n��ny tium� �c�urrd hy a 1►e�r ++!nLll Il.{r�llE�tltY lStti( IIII�tie�unt� ��
<br /> � Instrument.a�peannF ut court.ray�n�;rea�i+n:�i�te alt�,ine.yti feeti aud entrr�r���,s�the f'rc���ertc tn r�ciAc rct�.iir� AI�h��u�;Fe �
<br /> i:cn�irr ma}lnkc�ctinn w�dcr th�s para�raph 7.f_cndei d«c�nut ha�c tc�d��4n.
<br /> � Any;�muunl�dichucsed hy Leuder undet tlu��+�ragra�+h'�halE hecrnrtc adciet:nr�.�!efeht nf H��rrsn�cr�crtnrcf���h�� st.
<br /> � - SCCUPI�y ItISEtUIIII'i11. Uilll'SS��E�Fit�t�'tF iitif�I Clifl�:�t+f=,ree tsf��fFtef ierm:t�l�..��i�tei,t,tl:z.c.ttiI•`t1Itl..jr,rll!+r.sr rr�trrc�s Er��[rF ���
<br /> -- • . ' thr date,e�f c#�zhtircemcri� ;tt t3�� '��1c r;;1c snfl ����t� [+c �:I�:f6I�.t�tilt fIt[iFC�t: u�°t��i iii-iiti 1re�.�i t eu�fti L:+ Lit�riuti�� {E3
<br /> rCqucct�ng pa}mrnt. . .�:
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