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c <br />L <br />8 9" 104326 <br />UNt!?( U C OVINAt�its. Boarower and mender covenant and agree as (otlows: 1 when due <br />1. Faytasat at 1FMB*d anal laWast PrepayXW" Md Late am p& Borrower shall promptly pay <br />theprincipal ofandinteMonthe debt evidencedby the Note and any prepaymentand latechargesdue under the Nate. <br />_. Fa wk tar Tasrs steal 10wessea. Subject to applicable lawn or to a written waiver by Lender, Borrower shall Pay <br />to Lender oa the day rMOatbly psymentl are due under the Note. until the Note is paid in full, a sum ( "Funds") equal to <br />owe -tw " of (a) yearly tare tad " its which may attain priority over this Security lmttnsTIMMU (b) yarly <br />ha11elsold ptayttorana or Bratwd read on the Property. if any; (c) yearly hazard insurance pmnuuna; and (d) Yearly <br />Mortgage insurance prieai "M if any. There items are called "escrow items." Lender may estimate the Funds due oa the <br />611aisd'curreatdmoj d mmowbPoadmeteoffutureacrow► items <br />fie Funds &ball be held in ass institution the deposits or accounts of which are insured or guaranteed es a federal or <br />state ag1MY (Wediasg header if Roder is such an institution). Lender shall apply the Funds to pay the eitem items. <br />Leader my eat deg a for bolding tad applyog the Funds, anslyana the account or verifying the awrow hems. tmlesa <br />[+warder pays Borrower iaterm on the Funds and applicable lawn permits Lender to nuke such a charge. Baarowe and <br />Leader easy ag�tee in waiting that interest shall be paid on the Funds. Unless an agreement is made or applicable law <br />reedir+es interest to be paid. Lender shall not be required to pay Borrower any interest or earnings on the Fund: Leader <br />slap giveto Borrower. without charge, an annual accounting oftbe Funds showing credits and debits to the Fundsand the <br />f the sums secured by <br />panpose for which each debit to the Fundls was made- The Funds are pledged as additional security or <br />tbisSacaritylasuunsent. `'� . .> . <br />U the acanowait of the Ftteed11 head by Leader. together with the fature mosithly, payzMts; of Funds payable priarm.: <br />the dsrw.dates of th sacs ifibililiih s11ai1 tatted the anneal°= mq *ed. zo VaY the C=" items *bm 4ue; thc.aacas A%&X f3nt <br />r rsi:° If t3� :, . : •.� <br />Ta <br />>l MINGS"s eithr: mealy {epait! to Bar rra!iifi a><. credited :Dorrassetr on »sa�tt j paysu�!mt . <br />at <br />the eacs�oisn i ens when due. Bost slsti>} 11614 4Q Ltsider airy: . <br />aalnapatiis[ tbwFtuitia. hddbjlenderis8ats�incitz���+r►y _ <br />_ <br />swum saee ot�.W tnixke up the d�cie ,'ist a rlb epuYtaents t'e9uired by under. : <br />in fuU of all stun soesred t . *' th6k :' Security. moment, Lender ttAall ptaetsptly refsasx3 to Bay; . <br />array 1 Iteld4,:, rider. If under' PUWVh 19 the l�Y s f or acquired by Lender, l ender shal3 apply. rsoiatec <br />than iat xmxhaW1i,P -,hW to the Uk afthe PMMM or as acquisibm.by 'Lender, any Fun& held by Lender at the time of <br />application as a exsi kapirattiie sums n mud by this Security Ins'trswtflwnt" received b Lender under <br />I AmaLm m at p"Imeta. Unless applicable law provides odherwise, all payments y <br />AM, to late charges due under the Note. second. to prepaymmt charges due ut det the <br />p m graphs I and 2 shall be applied: <br />NOW third, to amounts payable under paragraph 2; fourth. to interest due; and Wt, to principal due, <br />Kass, Borrower shall pay an taxea, nummensts. charges, fines and impositions attributable to the <br />L CbEws; <br />Property which may attsio priority•over tba Security Instrument. and leasehold pa meats or ground rousts, if any. <br />Borrower shall pay those obliptioes in the manow provided in paragraph 2. or if not paid in that manner. Borrower shall <br />pay them on time directly to the person awed pay=nt. Borrower shall promptly furnish to Lender all notices of aatmunts <br />to be paid under this paragraph. if Borrower nuke thaw payments directly. Borrower @hall promptly furnish to Lender <br />receipts evidencing the paymarts. <br />Borrower shall promptly disehuge any ben which 11011 priority over this Security Instrument unless 8orrowvet: la) <br />by the ties is a manner weeptable to Lender; (b) contests in good <br />apnea in writing to the pyaseat of the obbg stioa second <br />faith the lien by. or Meads spite qutonaneaI of the lies b% lod pfoceed *IN p which in the Under's opinion operate to <br />the Property: or (c) serum from the holder of the lien an <br />pmevriat the eafarcement of the lien a forfeiture of Say gin of <br />agreement satisfactory to Lender subordinating the Ness to this Security instnu rot- if Lender determine that any pan of <br />the property is subject to a lien which may attain priority ova this Security Instrument. Lender may give Borrower a <br />notice ideetAin the hen. Borrower shall satisfy the lien or take one or mote of the actions set forth above within 10 days <br />of the. #" sd''mcice. <br />y,, Nestles" Inatsraaee, Borrower shall keep the nnprervematts now existing of hereafter erected on the Property <br />included the tame "extended coverage" and any other hazards for which Lender <br />snasated apimt liana by Ore, hazards, within <br />requires insuramm This insurance shall be maintained in the amounts and far the periods that Lender requires. The <br />iturance earrt;et' ;ro*-Wi ng the insurance shall be chosen by Boner subject to Lender "s r;Zwal which shall sot be <br />unreasonably Imbbeld. <br />An insurance p AK" ad renewals shall be somptabk to mender and shall include a standard mortgage clause. <br />I,usrder shall have the right :o [sold the policies and renewals. if Lender requires, Borrower shall promptly give to lender <br />all receipts of paled premium and renewal notices. in the event of um, m, Borrower shall give prompt notice to the insurance <br />carrier and Lender. Lender my make proof of loss if not nude pro""'* r by Borrower - <br />Unless I and Borrower otherwise agree in writing, insurance proceeds shall be applied to restoration of repair <br />of the Property danugted. if the restoration or repair u economically feasible and Lender's security is not lessened. if the <br />restoration of repair is not economically feasible or Lender's secunty would be lessened, the insurance proceeds shall be <br />by this Security instrument. whether or not then due, with any excess paid to Borrower_ If <br />applied to the sums secured <br />Borrower abandons the Property, or does not answier within 30 days a notice from Undef that the insurance carrier has <br />As m A 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 />when the notice a given <br />Unless Lander and Borrower otherwise agree in writing. any application of proceeds to principal shall not extend or <br />post pow the duedaft of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments. If <br />under parapapb 19 the Property is acquired by Lender. Borrower's right to any insurance policies and proceeds resulting <br />!tarts dffrrssge to the Property prior to the soqueshion sWI pass to Lender to the extent of the sums secured by this Security <br />inst'rvc+t "t immediately prior to the acquisition. <br />d, ftum v AMs era/ Md"@@"W t f PfSper]t; t asrmfia & eorro*w &ball not dent *oy. darnels: air substantially <br />change the property. allow the Property 1:9 deteriorate or eomrAA wxstc. rf clads Secunt'y Itwrumear.. is on a leasehold, <br />_ — <br />Btir;pwer shall comply with the provisssmof the kau. std if Borrower aic�carr ;oe titre ro t3te.p s ope�t�'„ the teasetaold and <br />fee ai!tk shall not-nergteunl at. aoderaom to the *tW in writing- : <br />d If Borrower to perfcxm the <br />covenants mid agreements contained in this Security Instrument, or there is s legal proceeding that may feig: ikstitty'ilf bet <br />iend4►°s rights. to the Property (such as a proceeding in bankruptcy. probate, for condemnation or t� + :nforce lion %err <br />rqls lotions), thane Lender may do and pay for whatever is necessary to protect the value of the Property ar.d 1.tndcr's r.9hts <br />in the Property. Lender's actions may include paying any sums secured by a hen which has priority nver this Security <br />Instrument. appearing in ce'urt. paying reasonable attorneys' fees and entering on the property to make repairs. Although <br />Lewder nay take fiction under this Paragraph 7, Lender does not have to do so <br />Any amounts disbursed by Lender under this paragraph 7 shall become additional debt of Burrower secured by this <br />Seeuunty ltistrument Urdu o ooffower and Lender agree to otber terms of psyrnent, these amounts shall tear interest from <br />the date of dnsbursemcni at the Note rate and shalt he payable, with interest, upon notice from Lender to tturlower <br />requMing psymmt <br />