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<br />89-105098
<br />UMrMMCWMANM Doft"M nand S Covenant ad agree as follows:
<br />L FM 4 pcbdpd wd Iowa* Irrapaywtaart and Let Claorlm bortovw " pmmpAy pay when due
<br />tbeptiocipmlofmdiakreist art tie dept p Wore blIft Note and any prepaymentiand latechuges due under the Note.
<br />L FamithrTitamioadluarmem Subjectto.apphcabklawor to a written waiver by Lender, Borrower shall pay
<br />to Loader on tht day monthly I*ymmts are due under the Now. until the Note b paid in full, a sum ("FutW, ') equal to
<br />oomwaft of, (a) yearly taxes &W noemments which may, amain priority over this Security Instrument; (b) yearly
<br />lommm, raywWWX or grand rests 04AC Promny, if any,•0 yearly hazard. insurance pretniumi; and (4) y"dY
<br />I F tV9 e Watirance pr=.umd6 if any. Then item are cat "escrow items." Lender may estimate the Funds due on the
<br />�--blmkvfcmift v1dak-Rods "' --
<br />. The Funds shall be Win aminstitutiom tbeftKWts or accounts o(which are insured or guaranteed by a federal or
<br />amok 411MY (imc- 101111ing. Lender if Lida is such an jr4titipim). tapow shall soy the Funds to pay the escrow item
<br />Lqajw.zW rat cMW for holdiag iiad &Wyiel the Funids, analyx*g the account or verifyinj the C'SC'f*'W 4emi6u,'"Iess,
<br />Losaft: pop Borrower ateva on the Funds and applicable law per nuts Lender to make such a charge Borrower and
<br />LaMw my arft = iamiag that atom shell be paid on the FurAL Unka an agreement is aside or applicable law
<br />neiiymirea interest to be pi" UrAtr " not bee required to pay Borrower any interest or earnings on the Funds, Lender
<br />tltsit give soBorrower, without charge, an annual accounting of the Fun& showing credits and debits to the Funds and the
<br />paarpoae for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by
<br />dfissectift Instrument.
<br />If the amount of the Funds held by Ltmdir, together with the future monthly payments of Fads payable prior to
<br />the doe doesof the escrow items, shall exceed the amount required to pay the escrow items when due, the excess shalt b,--
<br />at Borrower's option. either prompitly'tirlsaid- to Borrower or credited Borrower on monthly payments of Funds. If the
<br />ammmat of the Funds held by I ender is not wifficietit to pay the csdowkims when due, Borrower shall pity to Lender any
<br />amount necessary to make up the deficiency in one or nsoftjwyments's� required by Lender.
<br />. . Upos'psyment in full of all 'sums secured by this Security Instrument, tender shall promptly refuted to Borrower
<br />any Funds bM by L&Wker. if under paragraph 19 the Property is soldor acqttirtid by Lenderjender. shall apply, no later
<br />than immediatcly prior to the uk of the Property or its acquisition by Lender, any Funds held by Lender at the time of
<br />application asia Credit against the SUMS Secured by this Security Instrument
<br />3. AppMeadme(Payawasts. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs I and 2shall be applied: first. to late charges due under the Note; second. to prepayment chaurges due under the
<br />Note•, third, toamoants payable under paragraph 2; fourth, to intcfest.4uc, and last, to principal due_
<br />4. CliarsmUems. Borrower shall pay all taxes, fines and impositions attributable to i I ' hr..
<br />Property which way attain priority over this Security Instrumnti '.jcnd leasehoWpayuka, - or ground rents. if,4M.;-
<br />Docrow, shall pay these obligations in the manner W.":aph 2, or if nk; . in That manner, .6 Miower!4*1
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<br />pay.,,, onfirne directly todwramin owed psymens,' W*inWer shall promptly W��Iish to Lender all i A amounts
<br />to bipil under this W&Snp these juyinents directly, Borrower shall promptly furn, fsh to Eetider
<br />receipts evidencing dw payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower. (a)
<br />agrees in writing to the payment 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 it,%, legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any part of the Property; or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument If Lender determines that any part of
<br />the Property is subject to alien which may attain priority over this Security Instrument, Under may give Borrower a
<br />notice identifying the lien. Borrower shall satisfy the lien of take onei)i#.-more of the actions set forth above within 10 days
<br />oftbegling of mice.
<br />:V. Hazard Insaraw",", 56trower shall keep the ,w, rovWpn-,fLiTnow creacdIp-othe Property
<br />insur against loss by fire. Maids included within the term "CxtCna d-(;6vCr&gC,in'd any othobatzardsforWhich Lender
<br />requires insurancyl--:This insurance shall be maintained in the amoUts and for the prriqdtf 11101• Leader requires. The
<br />insurance carrier jw-ovidinS the insurance shall be chosen by Boff&wcr subject to Leridar'a,,.,reaval which shallinot be
<br />unreasonably withheld.
<br />All insurance policies,44d"ieriewols shall be acceptable to Lender and shall, Include a standard moripga clause.
<br />Lender "I have tbe.right taV.1kUl the policies and renewals. If Under requires. Rari;ower OWI promptly give. to Under
<br />all receipts ofpizidp�rrmiurffi anal renewal notices. In the event of loss, Borrower shall give pf.impt notice to the inwratioc
<br />carricrx4 LerbW,,,UTJer m4y.- make proofof loss if not made promptly try Borrower.
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<br />Clem Lender and Ikiirower otherwise agree in vitirg, insur4iy * pnicemJA,�h ll be applied to rm.tonnion or repair
<br />of thit Property damaged. ifk4wn:storation or repair is:=rwmicallyraphle and tgpder's security it not. Ichbened, If the
<br />restoration or "pair is not economically feasible or Lend'er's the insurance proceeds shall be
<br />applied to the sums secured by this Security Instrument, whether cr,-jiox then due', with any -excess paid to Borrower. If
<br />Borrower abandons. the Property. or dom not-answu within 30 day%ainotice from Lender 061%the insurance carrier has
<br />offered to settle a claim, then Lender may collect the insurance proceeds. Under ituzy use theVrocceli; to repair or restore
<br />the Property or to pay sum sparred by this Security IsKirument, whether or not'flt6 due. The Mduy ptriod will begin
<br />when the notice is given.
<br />Unless Lender and Borrower otherwise agree in writing, any application Of proceeds to prinOpil'Aball not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and Z& chango thu ammint,of the paymen ts. If
<br />under paragraph 19 the Property is acquired by Lender. Borrower's right toangifisuranDe psilittki% and proceeds resulting
<br />fromdoituge tot the Property prior to the acquisition shall pass to Lender to the extent of the iums secured by this Security
<br />Instrument immediately prior to the acquisition.
<br />6. PreenvAim and %IaWta&medProptrly;Lemeboth. Borrower shall slot destroy, damage orsubstantially
<br />change the Property, allow the Property to deteriorate Of Commit Waste. If this Security Instrument is On a leasehold,
<br />Borrower shall comply with the provisions of the luse, and if Borrower acquires feetitle to the Proprcity. the leasehold and
<br />fee title shall" merge unless Under agrees to the merger in writing.
<br />7. Pmac*w of [takes Mob Is tit Property. Mortgage insurance. If Borrower fails to perform the
<br />covenants and agrettrients, contained in this Security Instrument, or there is a legal prf-weediiig that ritay significantly affect
<br />I r's rights in the Prfnerty (such as a proceeding in hankruptcy, prohne. for condemnation or to enforce laws or
<br />rejulat %m%). then Umdcr may do and pay for wbatever is necessary loprotect the value of the Property and Lender's i rights
<br />in the Property. Lendef's actions may include paying any sums secured by a lien which has priority over this Security
<br />IMIrw"ent, a"eating in court. paying reasonable attorneys' rm and entering on the Property to make repairs. Allhough
<br />Leader may take action under thi% paragraph 7. Lender does not have to do se.
<br />Any anxmitts disbursed by Under under this paragraph 7 shall become additional debt of Harrower - ,cured by f hi--
<br />Security Irturument - Unkims Borrower and Lender agree to other tems Of payment, these amounts shalt bear interest (r."In
<br />the time o(disbutsenstnt at the Note rate and rhJ!l be payable, ailt interest. upon nui!%;c from !.order to
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