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<br />UNIF41R fit C'1 n1 F NAN 1% Horh+wcr and Lender co w emtnl and agrcc a% toilow % 89-O WO �i `1 f�J C I. Payment of Principal and Interest; Prepayment and Late Charges Borrower shall prompt�O pay tv cis ltue
<br />the principal of and interest on the debt c%idenced by the Notc and any Vlella%nlent and late charge%due under the Note
<br />3. Funds for Taxes and Insurance. Suh�ect to apphcahlc law or to a'A ctttcn w amt cr by 1 ender, Harrow rr %hall pail
<br />to Lender on the day monthly payments are due under the Note, until the Note is paid tit foil. if %um ( "Fund. ") equal h+
<br />one•twelfih of (a) yearly taxes and ac %cs%mcnts which may attain priority over this Security Instrument; (h) yearly
<br />leasehold payment or ground rent. on the Property, if any. (c) yearly hazard m%uran,rc premiums; and (d) yearl%-
<br />mortgage insurance premiums, if any. These items are called "escrow item, " Lender may estintaic the Fund% due an the
<br />basis of current data and reasonable estimates of future escrow item%.
<br />The Funds shall be held in an institution the deposit% or accounts of which are insured or guaranteed by it byte rat or
<br />state agency (including i_ender if Lender is such an institution) Lender shall apply the Funds to pay the escrow neat%
<br />Lender may not charge for holding and applying the Funds, analysing the account or %crif%ing the escrow item+, unless
<br />Lender pays Borrower interest on the Funds and applicable law permit. Lender to make such a charge. Borrower and
<br />Lender may agree in writing that interest shall he paid on the Fund% VtReN,% an agreement is made or applicable law
<br />requires interact to he paid. Lender shall not he required to pay Rorrowcr :lea; lntctcst or carVM9,, on the Funds. Lender
<br />shah,,gne to Borrower, without charge, an annual accounting of the Funds %hew :rig crccir's an.� s� ;:%it to the Funds and the
<br />purpose for w hich each debit to the Funds was made The Funds:at e p ledged a% addiie�ral %zcunty for the stta�ra. %,.1rdt %,3 ,
<br />this Security Instrument
<br />If the amount of the I:uvk s P1cf••� +. Lender, L09VI t,: with ;he future .misntN tsaymcnt, .,; Funds royahle pr• or. to
<br />the due dates of the escrona 'r ?ettac. !l, I ercrCci the atr.�u »; 'c :auitcij to pat sl5z' :;"i.'; th aFemS cvheli sue, nc� excess chat) l+e,
<br />�',rt lun of the option. clh( I.i �Z1fiCiY?v: Tt*IVlw *.�' Ilil�ni ��tLLr :�* ti 5t`a�l ?:(1 to It%`rrt% \q Y.' , P Tllo 11 }31 It A Tni nlls of FurTdst If the
<br />w,r. *unt of the Funds heE h�, 1_ertcic ds ,1t :�7 NOP ; :7enl t %Fay ^l,r esw ou heals who,
<br />r,::trr st al's pay to I.e,�d. a:�j
<br />a711ourit 1trrCCS JI.A to make u° Ol. %fea+li7 :?k •aiT %�t 4 4,,r:"ime fi4'h ^Y ? ;�,a %r; %alllr ;cT by LetEvA'tr
<br />L iNJI lc%'>y'�rz tic Cn r1a'l'li %a a.e %IUGr7� i:. �2r Ih'r Q'hi\ d�ti UT1Z1 ^yi.'Uj ?i ZI::nder shd'1 •+tom t :N T :'1fG ltd to
<br />•sn;+,� Funds. h6 b. Leader ,'r1n under ara rah 4 ? tip. r F P��.
<br />1T g P rye . r x- t is + %�t4 : r a',`>- lrr'='d' by lender, Lender aapLF. rtt� eater
<br />:!31,tr r!rint� r.xyely rn� ?r, q,a t:[i; sale of the Property , % �, �uiY : :x �n h.�. LCOI-6 n any Funds held by Lender at tile- r'n� �Tf
<br />1? +[�lnl'a[[c %tT,as,ecredtL 3gslia the wins %t ured ht t"f,';1 �Zt lrrJ:r
<br />3. Application of Payments. Unless applicable law protides oi,h,;�nktse, all payments received by Lender under
<br />i;tJ:ragraphs I and 2 shall. tic »pplied: first, to late charges due under the Note. scs:ond, to prepayment charges due under the
<br />Nkllc; third, to amounts payable under paragraph ?• fourth, to interest due; and last, to principal due.
<br />4. Charges; Liens. Borrower %hall pay all taxes, a%%cssment%, c'harge%. fines and impositions attrilnutable to the
<br />Property which may attain prioriq o%cr this Securty ln%tritntcnt, and l a%c•hold payments or ground rents. if any
<br />Borrower %hall pay these ohligal In the• manner promided to paragraph : • or if not paid in that manner, Borrower -.hill]
<br />pay them on mite directly it, lice person a %rtl I+,aymcnt Horrot%et %hall promptly furiin%h t„ Lender all nonce%of amount%
<br />to he paid under till% paragraph If Horrimer makes thc•%c• pa +merit% chim tly. Horrower %hull promptly furmch to !ender
<br />iecript% et Idcn. Ing tilt' pay rncnts
<br />Horrowct %hall pronipth 11%rhar9c ant Ile" %htc h Ila% priority titer tilt% tie:: urity Instrument unle%% Horrower. la)
<br />aKrce% i" w nfing to the I+a) tncnt of the obligation %e: ured by the hen ut a manner acceptable to Lender; tb) �outect% in good
<br />!with the hen hy, or defend% against enfor%cnicnt of the hen iI, legal pn+cceding% which In the Lender'% nninuin otuzrate t;•
<br />nte►ettl eh._ a nf_,r f' .a._ thei :irt ui the Pro
<br />j•- �•••�� t •t Inc ncu �,i c•tfCltirre (,t :Int p Property. or tc) secure% from the holder of the lien an
<br />the PmCnl I Nn,1cr �..Ir..tit. ^.$tt �!` the iiCri t+, this Security instrument. If !.ender determine% that any part of
<br />the Property t% %ub lest m, alien %ht,:h may attain priority ,tier this Security Instrument, Lender may gite Borrower a
<br />notice Identifying the lien Borrower shall satisfy the hen or take one or more of the ,wtion% %ct forth ahote within 10 days
<br />of the gi%ing of notice
<br />S. Hazard Insurance. Horrower shall keep the irnprotcment% now existing or hereafter erected on the Property
<br />insured against lo%% by tire. hazards included within the term "extended W%erage" and any ether hazard% for which Lender
<br />requires insurance. This insurance %hall he maintained in the amount% and for the period% that Lender requires. The
<br />insurance carver providing the insurance %haH tTr chosen by Horro%%cr subject to Lender'% approval which shall not he
<br />unreasonably %ithheld
<br />All insurance poli.tes and renewal% ,hall he acceptable 1t, Lender and shall Include a standard mortgage clause.
<br />Lender %hall hate the right to hold the policies and renewal% If Lender require., Borrower %hall promptly give to Lender
<br />all receipts of paid premturnsand renewal nott.es In the etent of los%. Borrower %hall gi%e prompt notice to the insurance
<br />carrier and Lender Lender may make praAf of los% If not made promptly by Borrow er.
<br />Unless Lender and harrower otherttr%e agree in % m
<br />riling, %ur_ance proceed% %hall he applied to restoration or repair
<br />of the Property damaged, if the restoration or repair I% economtcally feasible and Lender's security t% not Ie%%ened. If the
<br />restoration or repair Is not economically feasible or Lender'% %ecurity would be lessened, the insurance proceeds %hall he
<br />applied to the %ums secured by this Security Instrument, whether or not then due. %till any exce%% paid to Borrower. if
<br />Borrower abandons the Property, nr does not answer within 3D day% a notice from lender that the In %urance carrier has
<br />offered to settle a claim, then Lender may collect the insurance proceeds Lender may use the proceed% to repair or restore
<br />the Property or to pay sums secured by this Security instrument, %hether or not then due The 10-day period 'Atli begin
<br />when t he not ice t% g1% ell.
<br />Unless Lender and Borrower (itherwt%e agree in writing, any apphcattan r,f proceed% to principal shall not extend or
<br />posil+r.ite the clue date of the monthly pay ment% referred to in par agraph% i and 2 or change the amount of the pay If
<br />under paragraph 19 the Property to acquired by tender, Borrower, i fight If-, any insurance policies and proe;ccel% rewling
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extern of the sums soured by this Securntc
<br />Instrumenl immediately prior to the acquisition
<br />6. Preservation and Maintenance of ProperW; Leaseholds. Horro%cr %hall not de%tro%. damage or %uhsrantially
<br />change the Property, allow the Property to deteriorate or commit waste if thi% Security Instrument n on a lea.cia% ld.
<br />Borrower shall comply with the pros is :<,rac of the lease. and if Borrower acquires fee title to life Property. the Iea%ehc:d and
<br />feat title shall not merge unless Lender agrees to the mtrger in writing.
<br />7. Protection of Ltetntber's Rights in the ProWrty; %jortg2ge Insurance. If Borrower fat;r. t <: •r• rm the
<br />zot eriants and agrecmeires cc :. ^.air e:3 r- tinssSe:.r.r_�, Instrument. c.r there is :n je-aI prr,cceden.g that m,it sts r.:F��, ��, � �• ;
<br />Lender's righss;.m the Prnlserzy tsars" �, %.a pn-k- C&ig in harnkrw;t_y. probate, for corr!'e'r1 ;,anon or ro c:: `. r : is %% Cr
<br />regulatwn%), " "tier, Lender rah flp and I2acti ., a f ate :'cr,t% ncce%%jr�, r., : psote, r "� _ t:aluc • •r r�.z 6'soprrt� .a' '' 1
<br />in the Property Lender's. a.,, •,its may mctude rava : ;g any %um% .enured ht, L :.,c,r c%hrch isms pnr•ru ; :.� : :r fhn se : ; - :�:
<br />lsxfrument. appearinY in 4;otbc•<. patmK rcasc,nah!c ats^rftcys' fees and entcr:rgc..;•ihc Propert% t,+ rrmh't- *>•p:ur% Ahh,•ua4-
<br />C.efider may take action uncle: fhl% paragraph 7. 1 c rider doe% not hale to do %( •
<br />An} am,+unt%dt%hursedIt) Lender under thi%par :IFtaph 7 shall tsc, (title ,I,lditrcm,iI defit,•I H, +er,•c.er %e•, utc,l ht phi%
<br />Security In%truttrrnt yule%%Bortocver and I meter dgfee lit other tern, %,+1 patlncnl thc%c.Inn•unt %%h,tfl I,P41 Inicrc%t tr,mt
<br />the date of dr %hurwrnc•nl tit fb(, %„tr +arc and %h,Ill hC I,atahlr +stem nwcrc%i. .Il „•u noh.r tr,• :t, 1 % :,del r„ It „rr,•,acr
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