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IN
<br />90--- 106069
<br />tltt N�rts
<br />IMR14CoveNA. Borrower and lender cove ant and ag ive as follows:
<br />1. P of and blame, Pmpysims apt LNt Ch rVL Borrower shill promptly pay when due
<br />do pdhscW of and interest on the debt evidenced by the Note and any prepaynent and late charges due under the Note.
<br />B, hasia 11r Tana ttad latnraaeo. Subject to applicable law or to a written waiver by L,erader, Borrower shall pry
<br />to LaWw on Owe day monthly payments am due under the Note, until the Note is paid in full, a sum ( "Funds ") equal to
<br />aaowtwoMb or. (ate yearly taxes sited anessments which nay attain priority over this Security instrument: (b) yearly
<br />lsMtiold ppra--- or.pound tarts on the Prouty. if soy; (c) yearly hazard insurance premiums; and (d) yearly
<br />tttnoAgap inwraaoe: Pmnl ems, if any. Thnwe itestaa - free col lied "ewr6w fitans." Lender may wAinaw the Funds due on the
<br />htaisofoturstt data tad t+sosonableastitttttts�d 1Y urcesctosa itaa mL
<br />T)te FW"k ninaq be MM in sate iaastitWiioa tlaea deposits or simmats of which arc bistird or Bwarantaeed• by a federal or
<br />State sir atcyr (iittelading Lender if Leader is each on institution). Lender s hall apply the Farads to pay the escrow Items.
<br />1_trMd_ _ � Sot eMsrle far bolding and appbing die Radii, osslyzing the soeouat or vefib -og the escrow hero,, unlace
<br />Lo■dSr pays Boncie r is ate ast as the Fume Std applicable law permits lender to make ranch a cbaW Borrower Sad
<br />Lm4tr any span is wirkiag that biterest r,hall be paid on the Funds. Unless an agreement is wade or law•
<br />oagiaiaoS iiattststt a be paid. Lander Snap not be tedlula d to pay Borrower any interest or earnisep on the Funds Lender
<br />c tl 0 gusts! llw ame MM AN chow. an annul account" of the Funds showing credits and debits to the Funds and the
<br />Vila which to the Farads was made. The Funds we pledged as addilK" s ecumy for the sums secured by
<br />If tea awwcimt of the Foods bold by I ander. together with the future monthly payments of Funds payable prior to
<br />dw dlmrdam or the escrow items, sW exceed the amount required to posy the escrow items when due, the eaters shall be,
<br />at Berrowees option, elthet promptly repaid to Borrower or credited to Bonoaaer on monthly payments of Ftowh. if the
<br />amom't of tine Pgnds held by Larder is not ssollcient to pay the escrow Item whew• dtAe, Borrower shall pay to Leader any
<br />ne
<br />:. • a■tosttat seoaasaryto makds up thedeflcieacy in oor aim payrnentsiss aquisaad by tender.
<br />Upon payinent in fall of aU auaaa semad by this Security Inunamszant; Ltssndder shall promptly rduad to Borrower
<br />iMy Fssma held by Dealer. If under paragraph 19 the Property is add or KNuin d by I. ender. Lender shall apply. no later
<br />fire insaasdfiattlyr pe(or to the sale of the Property or its troquisition by Lender. any Funds bald by I.eada' at the time of
<br />- .- to tatiopasa adiit api ast the su iasatcwmelby this Sw ar* Instrument.
<br />- - 3. of Paynnts. Ualesa riyplmg>lkabie law provides otherwise, all payments received by Lender under
<br />P pro 1 and 2 shah be applied first. ro Iare, due under the Note; second, to prepayment ciaign due under the
<br />Note; thud. to amounts payable under pser�, 2. fourth, to interest due; and last. to principsil dug
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<br />d. Wm LNno. Borrower pay all taxes, assessments, clurges, fines and inlinitions attributable tq floc
<br />Property which may attain priority over thin Security Instrument, and leasehold payments or pound ieuts, if any.
<br />Bor�owa shah pay them obiipdam in the m�snroex provided in pu-mgmpb 2, or if nos paid in that manner. Borrower shall
<br />pay than on tfnaedkvWy to the person owed payment. Borrower shall promptly fbmiab to Lender all nodca of amounts
<br />to be paid under this paspaph. If Borrower mattes these payments directly, Borrower shall promptly furnish to Lender
<br />toaedpdt rvidatdng the payetottits. ..
<br />8ortotwer shall promptly diisd%iitge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />agrees in wd ttg a the payment oftb6abligadon secured by the liars in a mariner aoceptable to lender, (b) contests, in good
<br />faith the lien by. orddinda against enforcement of tie Ilea in, IoW proceedings which in the Lender's opinion operate to
<br />prevent the: enfore>�eat of the lien gar fosfeiture or my put of the Property: or (c) secares from the holder of the lien an
<br />agrte■settt sbtisfaotosy to IAww subordinating floe Ikn to this Security instrument. tf Lender detamines that any part of
<br />i the Pro" is subject to a lien which may attain priority over this Swaney Instrument, Lender nay give Borrower a
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<br />notice �� lien. Borrower shall teddy the lies or take one or owe of the actions set forth above within 10 days
<br />L Htawd Iwaaees Borrower shall keep the improvements now existing or hereafter accud on the Property
<br />ibSttnada�aiost l�ssby Am hands Waded within the term "extended coverage" and any other hannis for which lender
<br />regttises samnom This iawrance'•shdl be maintained in the amounts and for the periods that L.ender'nquins. The
<br />iasararior carrier providing the insurance shall be ddnoten by Borrower subject to !wanders approved wbwb shall not be
<br />. � � sritbheld.
<br />• ., . �anSaSOrnabiy
<br />AU itaaraaee policies and rmewals shall be acceptable to Lencitsr and shall include a standard mortgage clause.
<br />Lander dog have the right to bold the policies and renewals, If Lender requires, Borrower shall pomptly give to Leader
<br />ail receipts of paidpramii inns and renewal notices. In the event of Joss. Bamower shall give prompt notice to the insurance
<br />ptriw ai"La dw. L.aider may make proof of less if not made promptly by Borrower.
<br />tJwkss Loeearler and Borrower alterwipsG tier in writing, inwranee proceeds shall be applied to restomticn or trepa w
<br />of dMts Property damtrpa4 if the restoration qs MW
<br />is economically feasible Saul Lernder'a se>csa�iity is not lessened. if the
<br />;" ' egeC�tgtdiWbea or repaltr 4 riot eeoao miml.y feesWA or Lo�•s security would be ksseatod, the insunusae proceeds shall be
<br />he sums mcured by •Oix $geutity 11b�YmWit. inihadier or not Thai due, wilful rsay esreess pairs w Hico m ter, U
<br />#iotrtiwi+e :ibstidaas ftbe Pt+oltetgr; +o+P roes stinswer wli6n Jp days a notice from I.eode: that the sinsuraroe carrier bas :
<br />idlers d to settle,a tlaaa l r may the insurance prow 4sa : hander may use the proceeds to repair or restoae''
<br />'the Ptopwty twA l t i iy aaaa mfttrgd•by tb4.$w t k loge m am4 ssbaw or toot the a doe. Tbi :3O-day period wall begiaEo -
<br />-.sa _ _ ,r a.tftGlto`atisil' Aha
<br />"�` lfiai tas)l�ettderSad Bdrk Owatherwise agree in writing, any apphati in of proceeds to principal shall cot extesnd or
<br />podpow t>f ere doe data: of the moo ft paymem .cfa.ad! to in parapWhs I and 2 or change the se :count of floe paymews. If
<br />ardor 19 the Ptepwty is aoquired by Leader. Boovo weer, right to any insurance policien wad proceeds resulting
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<br />'111M to the Property pssot' too the acquisitiow sloth pass to Leander to floe extent of the sautes wxsasrad try stale Swawityr
<br />IaptttsaaiitMt imeaediatdy priorttr elieacquisitioa.
<br />.)Mtartafioa atsal MtsisoaaMOt of Proparv; 11,saSSioWs. B mover shall not destroy, damage or s ubstanhally
<br />ehraps file Property, allow the Property to deteriorste or commit waste. If this Security Instrument is on a kssebutd.
<br />• M Borriinm Shall comply with the provisions aftlre l ease, and if Borrowersquirm fee title to the Property, the lemelwld Stool
<br />• � fie tititahah toot tsoege uotewa Lager agroa to floe noergper in writiog.
<br />7. PtssfwcfiSw of Laatleies hurtle is the Properly; Martgarw Iswwasa. if Borrower fails to perform the
<br />eosees
<br />wwa i and x16- - - coatained in this Security lnstrunisent. or there is a legal proceeding that may significantly affect
<br />Ltasdt�a rigtito is the Property (such as a proceeding in bankruptcy. probate. for condemnation or to enforce laws or
<br />rgWatioaw). ties Lander way do Sad pay for whatever is necamsy to protect the value ofthe Property and Lender's rights
<br />in the Proper ty. I 'a anion may include paying any sums secured by a lien which has priority over this Security
<br />instrusuessi, appowing in court, paying reasonsble attorneys fees and entering on the Property to make repairs. Although
<br />j Lattdtr may take Salton under Jbis pangraph 7. Lender does not have to do to.
<br />` Any arnouab disbursed by Leander under this paragraph 7 shall becrKne additional debt of Borrower secured by this
<br />!, Security In merest. Unless Borroweir and Lender agree to other terms of payment. these amounts shall bear interest from
<br />the date of dialiasnensent at the Note rate and Mull be payable, with snierest. upon notice from Lender to Borrower
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