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90105235
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Last modified
10/20/2011 4:44:27 PM
Creation date
10/20/2005 9:39:05 PM
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DEEDS
Inst Number
90105235
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F 7 <br />UNIKWMCDV NANU Borrower and Lendercovenant and &In*toNows: 90-105235 <br />211 IhyaeslM K Prfnei M Mi Lettnettatl Prapiaytumt mil Late am", Borrower shall promptly pay when due <br />the prbw*W of sad interest an the" evidenced by the Note and any prepayment and late charges due under the Notts. <br />t 2. h1 dw*fWTasas aai laltaeaaea Subject to applicable law or to a written waiver by Lender. Borrower shall pay <br />to Lsadtr on the day amMy payi7s ms arc due under the NcAc, until the MA* is paid in full. a sum ("Funds ") equal to <br />j on*4w@ft ofr (s} yearly MM and assessments which may attain priority over this Security Instrument; (b) yearly <br />ltassholdpa ymau or ground fonts on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly <br />asoAiaM isesursnoe pttrmlusits, if any. These item are tilled "escrow items." Lender may estimate the Funds due on the <br />Weisef iuml data and reasonable estimates of fulure acrow items. <br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or <br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the es+tww items. <br />t Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items. unless <br />+ Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower wad <br />Lander my Wee in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law <br />eel) Aires intam to be pdd. Lender sW not be saquired to pay Borrower ant; interest or earnings on the Funds. Lender <br />shall gins to Dorrowrer. witbwut cl args. an atsMW accounting of the Funds showing credits and debits to the Funds and the <br />pwp�oar Por which each dealt to the Funds was sawk. The Funds art~ as additional security for the scans secured by <br />tisis811t:urity Instrume it. <br />if Ilse witioswt or the Funds held by Lender. together with the future monthly payments of Funds payable prior to <br />the due date 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 tithe Funds held by Lender a not sufficient to pay the escrow %terns when due, Borrower shall pay to Loader any <br />MOM necessary to make up the deficiency in one or more payments as required by Lender. <br />Upon paynseat in MI of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower <br />say Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender, !- truster shall apply. no later <br />than Immediately prior to the sale of the Property or its acquisition by Lender. any funds helu b) Lender at the time of <br />f applipitim as a credit against the sums secured by this Security Instrument <br />9. AnUaM a of Psyments. Unless applicable law provides otherwise, all payments i ecenved by Lender under <br />ipl i l and's daii be 1: first. to late charges due under the Note: second. to prepayment charges due trader the <br />Note; third. to amounts 2; fourth, <br />pay under paragraph to interest due; and W. to principal due <br />S. Cb WM Llm Borrower shall pay all taxes. assessments, charges, fines and impositions attributable to the <br />Property which may attain pt'itinty over this Security Ins- srument, and leasebold payments or ground rents, if any. <br />Borrower %W pay thew obligatm,% in the manner provnW %:q paragraph 2, or if not paid in that manner. Borrower shall <br />L� <br />pay them on time dtnectly to the person owed payment. 11cwtower shall promptly furnish to Larder all notices of amounts <br />to be paid tinder this paragraph. If Borrower makes Ibut payments aliroactly. Borrower shall promptly furnish to lender <br />} seoripfsttvidodag the paystnmts <br />Dwrowa shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a) <br />j apiessin writing to the payment of the obligation secured by the lien in a manner acceptable to Lender; (h) t onlesis in gee d <br />fault the lies by. or defends against enforcerrtetas of the lien in, legal proceedings which in the Lender's opmuin oper.,te to <br />prormt the eaforcesneat of the lien or forfeilove of any part of the Prcipe;ny; or (c) sec :res from the holder of the hen an <br />agreement satisfactory to Lender suborduuting the lien to this Security Jastrument. If Lender determines that any part of <br />_ <br />= <br />the Property is subject to a lien w loch may attain pnorim rover this Secunty Instrunwnt. Lender may Site Borrower a <br />=dW ideruifjring the lien. Roirro%e- shall satisfy the lien or seise one or more of the n: twins an forth above within 10 days <br />lithe livingofnaice. <br />L Haasid.bmsiaa w. Banower shall keep the improvement+i fr *m existing or hereafter erected on the Property <br />„ Insured against loss lire. hazards included within the term "extended coverage" and any othes ;luxards for which Leader <br />rrquis4s knsuratecs. insurance shall be maintained to the amounts and for the periods Mat Lender requires The <br />- iaevraltcr cwtrier pprroovv the witurancer shall be chosen by Borrower aubima !a A,r:akr's approval which shall not be <br />tsaeaaaorsablywithheld� <br />All inmrmoce P*Ikios and renewals shall be acceptable to Lenclev and shall include a standard mortgage clause. <br />r Lender 1thdl have �t to hole! the policies sod renewals If Lender requires, Borrower dull promptly give to Lender <br />all r+eeapts of paid ums and renewal notices. In the event of loss. Borrower shall give prompt notice to the insurance <br />carrier need LateQW. Lander may matte proof of loss if not made promptly by Borrower <br />( <br />Unless !antler stud Borrower otherwise agree in wntrng, insurance proceeds shall be applied to restoration or repair <br />of lice Property daatupd, if the restoration or repair is economically feswv * and Lender's see auvnry is not lessened. If the <br />reloration or rc*r ia, no economically feaeible or Lender's security vv,wM be lessened, this %ofiv ranee proceeds shall be <br />applied to the sum secured by this Security Instrument, whether or nun then due. with any e>~eris paid to Borrower. If <br />Borrower abandons the Property.. or does not answer sithoo V days a notice from U!aaler that, she insurance canter has <br />offs ted ttasettle a claim. then Lender may collect the ensura nw prtatxeds. Leader tna,� .viz the proceeds to repair or restore <br />1111111 Ptqmty or to p)a}r stns secured by ibis Security Inurement. wlicaher at tote theca due• The Z34sy period will begin <br />• whaseMaotiaeisgi►ryaa. <br />Unless I aade moil Borrower otherwise agree in wetting, any apiplocation of letrocreds to principal shall not extend or <br />run *VON . s 'c In tits nwr:"mj ps7"nct-is rzir<rrev to is! ar■ ra ins i and i cn 1r'rrufl ii r omnunl tun ire <br />p ` p Re payments it <br />uada paragraph 19 the Property is acquired by Lender. Boormwer's right to any onyurance policies and proceeds resulting <br />frrtta damage to else Property prior to the acquiumm shall pass to Lender to the extent of the sums secured by this Security <br />Instrument itntsiedtai; ay prior to the acquisition. <br />- -_ <br />6. Pttaasnetdsts efts Maiat11saaet of Proger(r: haa11ahoiia. Rmtower shall not destroy. damage or subsaritialiy <br />change the Properly. allow the Property to deteriorate +M commit wute If this Security lnsinunent n on a kau*old. <br />Swrower slap comply with the provisions of the lease. and if Borrower acquires fee took to the Property, the Leasehold aad <br />fa title" no amp unless Lender agrees to the merger in writing <br />7. Ptokc iwa of LmWer% Right in the Premey. Mortgage Inwraece. If Sommer finis to perform the <br />eovamtsuW agreamamcontanted in this Security Instrument. or there its s legal proceeding that may significantly affect <br />: Lnwdar's r%*s a the Property (such as a proceeding in bankruptcy. probate, for rondrmnation or tee► enforce taws or <br />L ). then Lender may do and pay for whatever is necessary to protect the value of the Property and L.ender'% right• <br />its flee Property. Lender's scimm, may include paying any bums secured by a licit which has pnont) over this Security <br />Instnwanl. appeanng to court, paying reasonable attorneys' fees and entering tin the Property to make repairy Although <br />Lander may take action under this paragraph 7.1 ender does riot have to do %o <br />Any amounts disbursed by Lender under this paragraph 7 %hall hecome additiomal debt of Iron foact %ecured by this <br />, <br />Sacunty Instrument Unless Borrower and Lender agree to on her term-.% if payment. thew anti suit %hall heat iniere-.t from <br />the date of disbursement at the Nosir rate anti %hall he payable. with ntlrre%i, upon mute tt.-m I ender to lir +rrimer <br />i'+squeating paytriestt <br />
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