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<br /> � � � 104'7.5fi � �
<br /> ' . ' CTNIFO}t1�t CAVBIVAt�tS. $urro�vtr and I.en�er coveaant�nct agra as follows: � ,
<br /> ' . • " �. P�►Ywe�t v�t'ri�re3M!a�d Ii�e[a��'reMY�eat�ad l.�te C6ar�es. Borrov►r'Fr shal!promptly pay when due
<br /> _ �the principil of and iaterest on the debt evidmce�l by the Note�nd any prepayment and late charg`es due bnder th�Note.
<br /> ` . .' �2. Fiuiit tbr Tszp�sd l�n�e. 5ubjpe�W applicable iavr_ar to a written waiver Eiy L�ndet.Bor�awer s2�a11 pay
<br /> _ � fo La�der on tht day monthly psymmts are due uadso thc Note.until tf�e Nptr is paid in full.a sum("Funds")equa!to- �
<br /> w�e-t�relitb af:(a}ynrly tuss and asse�sments which tnay attain priortty over this Security Inswment; (6) yearty . .
<br /> ;� kasehoki pyments or ground rents an the Ptoperiy. if any; (c) yearly h�zard insurance premiums; and (d) yeariy
<br /> � , ' niortpge insntu�oe prem�ums.if uny.These items sre calted"escruw items.°Lende�ma�e�t�mate thc F�rtds due tsn the � .
<br /> � . , �b�sis of ciurent dsta and rasonghle estimatts of futureescrow items: � ' , .
<br /> � ' Th�Funds s6vl be hetd in an�nstittttiot�the deposits or accauAts of which are insuted ar gnarantad b�a federal or , ,�
<br /> , � ; � atate ag�cy(inciud�ng Lender if LRmcder Ys sueb an institudon).Lender shall appty the Funds�to pay the escraw items. , � ,
<br /> L�nder msy not c�u�e for hoiding�nd applying the Funds,anaIyzi�g tfie acrotuit or vesifying the escrow ite�ps.unless
<br /> Irender pays Borrowet inierest on she Fu�ds and spplics6le law petmiu Lender to make such a cha�ga Bonower and �
<br /> _ . , ... �;�r�say'sSr��kritine tha!antss�*_s�ll!�.�!,aa the F�ds: Ctnte-�s Rr��ar�m�nt.i�ma4o ar applicabte Iaw _. -, - .--
<br /> ' rrqu'ues inierest to be g�tid;Le�tder.shsll nut be rcguired to pay Bi�irower any�interest or�amings on the Funds.Lender •
<br /> ' sttaU�ive toBorrower.without charge,�n annual acca�nting af the Fundsshowing credits and debits to the Funds and the � .
<br /> � ' ' purpost foc which qch debit to th�`Funds was made.The Funds arc pledgsd as additional security for the sums secured by ' ,
<br /> ` . ` this Security Instniment: .
<br /> ' If the amount of the Funds held hy Lender�tageitser with tlte future monthty payments of Funds payabl�prior to
<br /> � tlte due dates of ttte acmw items,si�all eaceed the amaunt required to pay the esctow items when due.ihe cxcess shal!be, �
<br /> � ' � at Borrower's option,either promptJy repaid to Borrower or creditai ta Borrower oa monthty payments of Funds.�f the
<br /> , � • �--- �mwnt af tf�Funds h�t8 6y Ix�der is nut sal�cient ta gay the esccow iti�ns whcn duc�Sarraacr shaQ pay ta t.ender 3ny � _ .
<br /> � � � ; �� amaunE necesss�ry to make up the deficiency ip ane or more payments as reqnired 6y Leader. � � •
<br />: , Upon payment in ful!of all sunis secuted by thi.s Security lnstrumcnt.Lender shall pramptly refund to Borrowa
<br /> •� any Funds hetd by Lender.It under paragraph i9 the Property is sold ar acquired by Lender.Lender shali apply,no later
<br /> . � than immafiately prior to the sale oP the Propetty ar�ts acquisition by Lender.any Fnnds held by Lendes at ihe time of �
<br /> � ' � � application as a credit against the sums securai by this Secudty Ynstrument. ' , ' ,
<br /> ' 3. A�Itcatio�of Pn�neets. Unless applicable faw p*nvides otherwise.a}1 payments received by Lender undcr ,
<br /> paragraphs 1 and 2 sha11 be applied:first.to late charga due under the Note;secand,ta prepaynsent ctiarges,du4 under tfie
<br /> �i• Note;third to amounts payabu under patagraph 2;fourth,to interest d�e;and last.to principal due. ,
<br /> ; 4: Chargts;I.iens. 8onower shal!pay all taxes,assessmrnts.charg�.6nes and impositions attributabte to the
<br /> ` � Property which may att�in priority,over this Serurity Iastrument. and teasehold payments or ground rents. if�any. �
<br /> ' Bottawer shali pay these obl}gations in the manner provided in paragraph 2.�r if not paid in that manner,Borrower shaU ; '
<br /> ; pay them an time directly to Ehe person owed payment.Borrower shall pramptly iurnish to Ixnder all�nntices of am�unt� • .
<br /> � ta be paid under thi�paragraph. IP Bnrrawer makes th�e paymfnts directty, �orrower shatl promptty fumish to Lender � •
<br /> raxipts evidencing thepayments. � _.
<br /> � Barrower shall promptly discharge any lien which has priority otier[his Security lnstrument unless Borrawer:(a) ' .; .'
<br /> agrees in writing to the payment of t�te obtigati�n secured hy the lien in a manner acceptable to LenQer;(b)contests in goad ' �
<br /> � faith the lien by,ar defends against enforcement uf'tite lien in,teg�l ptoceedings which in the Lende►'s opinion operate to � � �
<br /> ! prevent the enforeesr►ent of'the lien or forfeiture af any pan a�the Pro�e�y;or(c)secures from the holder af the lien an
<br />' i agreement satixfattnty tc�I.ender subo3dinating the lien to this Security tnstrument.IPLender determines that ariy pan of �
<br /> . ' the Property is subject to a lien which may attain priarity over�his Security instrument, Ixnder may give Hcsrrowev a �
<br /> � notice idenliCying the lien.Bnrro+���s shal!satisfy the lien nr take one�r more of the acno�.s cht f�rth abc►ve within 10 days ; ��
<br /> �� of'the giving of notice. ;
<br /> ! S. Hazard Insunnea �orrower shall keep the imprc�vement�nuw existing ur hereafter erccted on the Property
<br /> � insurtd�gainst luss by fise,hazards included s��i�hin the term"extended covcragc"and an�+othcr t�a�ards for which Lender
<br /> � �equires insurunce. This insurAr�ce shall be �namtnined in thc amuuntti and'fc�r tF�e periocl5 tha� [.ender requires. The
<br /> . i insuranee carrier praviding the insurance sh�ll he chcwen by Horr�we�suhject to t.cnder's approvul which shall nat be
<br /> unreasonably withheld.
<br /> All irssurance policies and rCnewats shall be accepsablc ta Lender and shall include a standard mvrtgage clau�e.
<br /> l.ender shall 6ave the right to hatd the polic�es and renewak. If I.rndcr requirei,Iic�rrower shali promptty give ta I.ertder �
<br /> all reeeiptsof p�'id premiums and rentwal nonees.ln�he event af las5,E3�rrc�w�r shali gice prampt notice t�thr insuras►ce
<br /> carder and Lender.l,ender may make prcxtif of f��.rs if nnt madc�+rumptly hy Hc+rrower.
<br /> ; � Unles!.l.ender and ibrrowes�iherwise agree�n wnnng.insuranre prnceed�,haU be applicd tc►restnrat:r�-nr repair �.
<br /> , of the['roperty dama�ed,if the restoraticm c�r repair i�ecnnnmically fe:►s�ble and 1.enAcr'ti ticcurity t�nnt 1esSened lf'the
<br /> astorution nr repair es nat economicalty feas�h{e nr I.encier's securit}•w�+�uid be Icssened,the insuramc pre►c;eed�shall hc '
<br /> � applie�d to the sums�c:ured hy thi�Security Ir��trumcnt, w�hcther c�r r.c�t then duc. w�tth any exceti�paid to Hnrrower. lf
<br /> &�rruwer abandons the Prc�petty.ui d�nut�mw�er w��h�n ��t dafs;�rluticr irum Lender that �he in�urance c:srner hati
<br /> oRered to settle a elaim.ehen i.ender�riay c�,lle�t�he in5urance praceed�.lxncter may u�e the prc�ceceiti tn rcps�r c�r re�.t�re
<br /> ' Ihe Pro{�eily or to�y suni�securecl by ihi�Secutity In�trument,�chet?ter ur no1 then duc.'fhc ?0•�ay{ura�d will hcEin ..___ .__ _ ._. _ _._.. . . .
<br /> ' when thr notice ic gi�c�z.
<br /> tlaless L,ender and Hort�wer mh�rwice.igrce ro wnting,any appi�.atu�n a+f pr�+ceecl�.tc�pr:�:c�p.+)5ha11 nnt extend t�r
<br /> " postpone the due date c�f the mont!:ly pa}merits referred tn s:i�aragraph�l:,rid Z i�r cliaiigc tlic��uuwit uf the��yme�it� 1! '
<br /> under p�ragraph 191he Nrc+pert� ty.�cyuiied by Lcnder. Iterr��wer'ti right tu t�ny intit�rat►ce pol�r�eti artd��c�needti rc�ulting
<br /> from damago tothe Pro�+erty prinr to the acyuis�tton shait��as�te�l,ender ta the rrtent nf the+urr�ti,c•�urcc�ny�f���srcuri�y
<br /> tnsirument immediatdy pnar�o Ihe acyuis�uc�.r
<br /> G. Preservation and�taintenanceet�4�nperty:l,ea�eh�ld9. N��rn+t�er�h;�u n���dr,ir��y,d�m:�F�c ur tiubtitanUaliti
<br /> rhange the i'roperty,aUuw thr !'ruperty to drten��rate �►r c��mmit ��aue. 1! tfu�tiecunt} In+trument �s c�ti a ieareh��ld.
<br /> 13c�ttowet shall cuntply�w ith Ihr prcniti«�ns of 1lie lea�e,�ne�if l3��rro�et�i.yin�e�fcr ciflc u�the 1'r.operly:the;eusehold a�d ;__ _---
<br /> E°C�t!�N�haU��,+.!�*.er�N••nle�s t_.���_���t��o,��+c�n t 1t!`ntvtoE�f�}t W rtl��eo '
<br /> . � ?, Yrotectinn of i,cndcr's Rights in the i'�uperty; �inrl�;afCe Inyurancc. ti' li�+rn+»rr f'a�ls t�� ��erfnt•�n t:.r ,
<br /> • . eovenantsandagreente3�tsa�nla�nedi��th��Serunty In�trt�mrr�t.ortherc�tiate�;:fl�4t11CCGCIIh{;1I1."�tmnysignific:�nt!} afl`cti�
<br /> � 1.�►tdrt'ti Cigh[s�fl the Ihc�prtt� (sut;h:s.e a ptu�cedtng sn banktuptc}. �ruba.c, fns ct�ii:icrimat�e,n css tc,cuf.,rcc Is«s ur � �
<br /> -- rcgulationr).f�Ipf1 LC11(fl'i It18�(I(�a7i1ll(1J)�i�PL��i�IC+.CtI�fiCCl'��.+n te�pi�,tcct tite�alue�,i'ific�rc;rctty a�ri!f rn<<�n�ciit�---- .. ----. -- �--- - - --
<br /> �n ihe!'roperty. l.ender's artTar+�rnay �m(nd� paymg sny�i�sm scciErrd hti s t�e» «htctt hs���rrnrit� �•cr► tl,i�1ct iiriti �.
<br /> In5lrun'tenl,appearing an�nutt.r:��uiR re,nunaE7le attunie►r`fee,ancl rutert�i�t�u the Pr���xrn tE•rn:�F�r rcE�.t�r� :�tthrn�E:h
<br /> L• l.enderrnayfakcactianunderth��patagrs�h'.I.cntferdr�e�n�•eha�rtc+�i��st�
<br /> , Anyasnnuutsd�sburscdh� i,en�fct un�lrr th�.rata�raptz 7�h.it1 hr.+�nn•.►dd�tr+,i�.�t clrbt�•' ft.�u��«er�c�un�ci h� thic :�
<br />� Secunty In9trument.ltnl���liurrF+uer an�1 Lc�rieieta�ree te+i�:hc•rtertn:e�Er.f�c�ir•n1,rhe:c•en�+�uttt.�hdll F.e•�t it�ictC�t I���fn r`
<br /> !he cl:�t� i�f d��burtienic��t :Q the ':1�t�tc r:et; at��i 51i:tft t•e ��.i}.:F+ic, tiailh >>�f:•te.t. uE,,,n si��t,:'4� tra�ni l���.+,cr e�� it�,rr�su�er �
<br /> regarr:tcngp3rR:erit, • $-
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