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<br />UrttFoteaa COMAN M Borrower and Lender aovaraet wad agree u follows: 89000 104508
<br />1. Paysseat of Prlaei* Md iaeereW, Prgayawt+d Late Clwtm Borrower shall promptly lay when due
<br />the principal of mid intern an the debt evidowed by the Nate and any prepayment and late charges due under the Note.
<br />2. Faads ter Talus wad Immwaaca Subject to applicable taw or to awritten waiver by Lender. Borrowe r shall pey
<br />to Lender on the day monthly payments are due under the Note, until the Note is paid in full a sum ( "Funds") equal to.. ;
<br />owo-twelfth of: (a) yearly taxes and assessmenta which may attain priority over this Security Instrument; (b) yearly .:
<br />leis bold payments or ground rsnts. wary : -il arty, if any; (c) yearly hoard indurance pseli ims; and (d) yead3.
<br />Mortpp i ura:soe premiums, if any f i c aim called "escrow items." Leader may-e�tisis�t:i'tin FurXIS106r o tits:
<br />iet4ftitdatasaaonabkatitttl escrow items. :.
<br />T1hrt ds SuOt held in an institution nia�posits or ac countttfwhich are insured or gi iiy a federal or
<br />40%,W. :gaircluding Leader if Lawler is suck si ibutitutioo. Landersltriil apply the Funds to pail the escrow items.
<br />ender vi&y not charge for holding and applying the Funds, ") zing the account or verifying_ the escrow items, unless
<br />Ldrdet 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 patio on the Funds. Unless an agreement is mule or applicable law
<br />tiegttires interest to be paid, Lender shall not be required to pay Borrower any interest or eamings on the Funds. Lender
<br />diall 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 />the due data 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 of the Funds held by Lender is not sufficient to pay the escrow items when due, Borrower shall pay to Lender any
<br />amount rroeessary to make up the deficiency in one or more payments as required by Lender.
<br />Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower
<br />any Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender. Lender shall apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender at the time of
<br />application as a credit against the sums secured by this Security instrument.
<br />3. AM$ks oa of Paytatenta. Unless applicable law provides otherwise, all payments rived. by Lender under
<br />puagraphs 1 and 2 shall be applied: first, to late charges dos: iimr the Note; second, to prepaymmt ;4harges due under the
<br />Note; third, to amounts payable under paragraph . i:, f--outiti -. oS interest due; and last, to principal dim'
<br />4. C1rsr/ea; Lkr. Borrower shall pall d1 rE.,es, assessments, charges, fines and impesn) "ci attributable to the
<br />Ptppert} which may attain priority over this Se ty Instrument, and leasehold payments or ground rents.. if any.
<br />Barrowershall pay these obligations in the mangier provided in paragraph 2, or if not paid in that manner, Bornoer shall
<br />pay them on time directly to the person owed pa�,.nent_ Borrower shall promptly furnish to Lendes41 notices of amounts
<br />to be paid under this paragraph, If Borrower rashes these payments directly, Borrower shall 'prornpa iy furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security l strument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner accep.*Wb %Lender; (b) contest s cn good
<br />faith the lien by, or defends against enforcement of the tier in, legal proceedings which in the 3tr's opinion. ,Verate to
<br />prevent the enforcement of the lien or forfeitureof any pan of the Property; or (c) secures from She >i:older of the lien an
<br />agreement satisfactory to Lender subordinating tb. Ism to this Security Instrument. If Lender determines that any part of
<br />Ube Property is subject to a lien which may atiain priority over this Security Instrument, Lender may give Borrower a
<br />notice idcoifying the lien. Borrower shall satisi�y ihr lien or Mkisone or more of the actions set forth above within 10 days
<br />ofthe givingofnotice.
<br />S. Hazard laswMtce. Borrower shaYi1 kip the improvements rt,�w existing or hereafter erected on the Property
<br />insured against loss by fore, hazards included at t in the term "extended coverage" and any other hazards for which Lender
<br />requires insurance. This insurance shall be 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 sh2ll not be
<br />unreasonably withheld.
<br />All insurance policies and renewals sl',.yi6 It acceptable to Lender and shall include a stanrard mortgage clause.
<br />Lender shall have the right to hold the policies: ate renewals. If lender requires, Borrower shall 1pyro patty give to Lender
<br />all receipts of paid premiums and renewal notices. In the event of loss. Borrower shall give pmmrt •nDtim m tiht :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 or repair
<br />of the Property damaged, if the restoration or mpair is economically feasible and Lenders security e. •:c . trssoz; :d. If the
<br />restoration or repair is not ecottornically feax k. or Lender's security would be lessened, the insurance prmwd,; shall be
<br />applied to the sums secured by this Secsarify Castrument, whether or not then due, with any excess paid to Ida: rnwer. if
<br />Borrower abandons the Property. or dam,, rot 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 />when the notice is given.
<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 Property is acquired by Lender. Borrower's right to any insurance pohcies 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 this Security
<br />Instrument immediately prior to the acquisition.
<br />6. Preservatlos Mad Maintesame of Pmprty; Leaseholds. Borrower shall not destroy, damage or wbstantially
<br />change the Property. allow the Property: to deteriorate or commit waste. If this Security instrument is on a leasehold.
<br />Borrower shall comply with the pralines cis cf the lease, and if Borrower acquires fee titfc r.o, t o Property. the leaf chold and
<br />fee title shall not merge unless Lendera ees u� e;'*_e merger in writing.
<br />T. , Proteetise of Leffikes . li;*IS is *a- Property; Mart iw fosumace. if Borrowetr f.,aii, mi r;r_rforrn the
<br />covettauttsud agreements conta*4!tir this Sr.:.nl;r Pnstru ;,r- rte, :or there is a legal proceeding that may sign.iflci.-fitly affect
<br />Letkict tights in the Property (sue as a proceec ng in murk. uptcy. probate, for condemnation or to enfor, .? laws Of
<br />regulations). then Lender may do and pay for whatever is necessary to protect the value of the Property and Len&n's rights
<br />in tie Property. Lender's actions may include paying any sums secured by a lien which has pnori!y over this Security
<br />Instrument, appearing in court, paying reasonable attorneys' fees and entering on the Property to make repairs Although
<br />Lender may take action under this paragraph T. Lender does not have to do so.
<br />Any amounts disbursed by Lender under this paragraph y shall become additional debt of Borrower %ccurcd by thy.
<br />Security Instrument. Unless Borrower and Lender agree to other terms of payment, these amounts shall hear mtereo front
<br />thg'date of dishursement at the Note rate and shall be payable. with interest. upon notice froin 1 ender to Ifinroarr
<br />requestinIV -i ment.
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