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<br />89 = 103459
<br />UNWORM t,;.dWENAN iS Borrower s,nd Lender covenant and agree Lis follows:
<br />1. Payttseat of Priamlpal and Interest; Prepayment and Late ('harges. Borrower shall promptly pay when due
<br />the principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />2. Fvmk for Tastes and Iaswswe. Subject to applicable law or to a written waiver by Lender, Borrower shall pay
<br />to Lender on the day monthly payment~ are due under the Notc, until the Note is pa4d in full, a sum ("Funds".) equal to
<br />one- twelfth of: (a) yearly taxes and assessments which may attain priority over this Security Instrument; (b) yearly
<br />leasehold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly
<br />mortg>ge insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the
<br />basis of current data and reasonabk estimates of future escrow items.
<br />The Funds shall be held in an institution the dgwsit.%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 escrow items.
<br />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 and
<br />Lender may agree in writing that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br />requires interest to be paid. Under shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower. without charge. an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to
<br />tlmt Ain dates of the escrow items, shall exceed the 2;nount required to pay the cwmw items when due. the excess shall be.
<br />aR "r M;Ws+ t a► eitlaarVomptly repaid to Borrowearof credited to Bore wer i.Tt roonth.ly payments (A Funds. if the
<br />ant iif th�o I 'u s by Fender is wt sufficier..t i pay ulte cs items wire dam. B+acrci*+er shalt pad t� 20 rtta!► '
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<br />Upon payment in. fuellt d ll sum, sa+cured by 06s Security lnstrumettar L P.- Md er shs +3` promptly ttfkqd to Borrower
<br />atria .Funds held by Letdkc; lfi render paragraph 19 the ltoperty is sold or acgtu:tn b by Lender. Lender slhaltT apply, no later �•
<br />thisit immediately prior ti *-sale of the Property,c *R its acquisition by Lend „soy Funds held by Lc rat the time of
<br />application asa credit 4p6mat the sums secured by thi's-14curity instrument.
<br />3. AppMentMe of lftyweaa, Unless appliLc law p *ovides otherwise, all payments received by Lender under
<br />paragraphs I and 2 shall be applied: first, to late charges due under the Note; second. to prepayment charges due under the
<br />Note; third. to amounts payable under paragraph 2; fourth, to interest due. and last, to principal due.
<br />4. C herM Lieaa. Borrower shall pay all tales, assessments, charges. fines and impositions attributable to the
<br />Property which may attain priority over this Securtty Instrument, and leasehold payments or ground rents. if any.
<br />Borrower shall pay these obligations in the manner provided in paragraph 2. or if not paid in that manner. Borrower shall
<br />pay them on time directly to the person owed payment. Horrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph. If Borrower makes them payments directly, Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments. 4, _. .a:.. C.....1., tnc�rtint�nt Untmm borrower: (a)
<br />I�wer slfali �frdRrijltiy pisc$targe m)' sera iitrnnn tan p,n»..T ..: <....... «...« ..,. -
<br />agrees in writing to the lwyment of the obligation secured by the lien in a manner acceptable to Lender. (b) contests in good
<br />faith the lien by, or defends against enforcement of the lien an. legal pro Ceedings which in the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any pari of ?hc `s'Gi'.perty; ar (c) `ecurrs front the h0drr of the lien an
<br />agreement satisfactory to Lender subordinating the iien to dins Security Instrument. if Lender determines that any par a r
<br />the Property is subject to a lien which may attain priority aver this Security Instrument, Lender may give
<br />notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br />of the givingof notice.
<br />I keep the imp
<br />S. Nattard htwraaee. Borrower shalrovements now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the term "extended coverage" and any other hazards far which Lender
<br />requires insurance. This insurance shall he maintained in the amounts and for the periods that Lender requires. The
<br />insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval which shall not be
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be uceptable to Lender and shall include a standard mortgage clause.
<br />Lender shall have the right to hold the policies and renewals. If Lender requires. Borrower shall promptly give to Lender
<br />all receipts of paid premiums and renewal notices. in the event of loss. Borrower shall give prompt notice to the insurance
<br />carrier and Lender. Lender may make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration or repair
<br />of the Property damaged, if the restoration or repair is economically feasible and Lender's security is not lessened. If the
<br />restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be
<br />applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. If
<br />Borrower abandons the Property, or does not answer within 30 days a notice from Lender that the insurance carrier has
<br />offered to settle a claim, then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore
<br />the Property or to pay sums secured by this Security Instrument. whether or not then due. The 30-day period will begin
<br />_ W1Kn the tiolice is gv en.
<br />Unless Lender and Borrower otherwise agree in writing. any application of proceeds to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments. if
<br />under paragraph 19 the Properly is acquired by lender, Borrower's right to any insurance policies and proceeds resulting
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured by thiv Security
<br />Instrument immediately prior to the acquisition.
<br />6. Prescrra ae
<br />tios and Maiatenae of Property; Leaseholds. Borrower %hall not destroy. damage or substantially
<br />change the Property, allow the Property to deteriorate or cmn:nttt waste. If this Security instrument is on a leasehold.
<br />Borrower shall comply with the provisions of the lease, and if TWrower acquires fee title to the Property. the leasehold and
<br />i* title %Mall not merge unters Lender agrees to th(nrn�rger in 4-rating. r
<br />7. Pro tion of [Sender's Rights is tl►t! i?`roperty; M. a"SW Irariwranme. If Borrower fc�`.s to perform the
<br />f. ravenantt► AtO;;cgreements containeai in -this Secur �tl. lcis.narre i', ivt there tv -a IegaI proccedtng that may mgniftcastt.ly.af %ct
<br />L&ttdei s dglki in the Property (sus:.ti as a procord. r)j. itx hags' n ptcy. pr,-i(:.c! , for cc m:1�G� hnauon or to enfiirµi� t,r�rs or
<br />regulations), then ).ender may do and'psy for wh:trnmirr is neccsssry to prol&i °he value of the Property and Lender's rights
<br />its the Property. I ender's actions may include paying any
<br />sums secured'; a lien which has pndti;p over tliis Security
<br />thurunient, appearing in court, paving reasonable attorneys fees and entering on the Property to make repair~. Although
<br />I.endet may take action under this paragraph 7. Lender does not have to do so.
<br />Airy aniouut %drvburwd by Lender under this paragraph 7 shall become additional debt of Htrniwer secured by this
<br />kc Uri t) Instrunicrti l lnle +s liorroiacr and i ender agree 1c, other term. (if pav wen i. ttie�.c ainounts shall bcar interest frc'in
<br />the date of dishur,XtHrnt at the Note rate and shall be payable. ti•11h 111tcicsi, ur -or. noti. c front lender it 11-ti wer
<br />reque,aing pa -mirni
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