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<br /> . 89= 105639 �
<br /> Utvt�olttii CovE�rArs15. Horrowrer ued L�ender co�rnant snd�ru=as folto�s: � • •
<br /> . 1. P�lrwt of P�iu�l a�i F�tM"a��t'M��t�Late�C3�tr�s. Aarsaw�er s�ali promptiS E�Y��hen due �
<br /> t���p�,���Q��st o�e the debt tvidrnced sy tlie Nnte and an}�prepay ment aad t�te chargec due under t he Not�y ,
<br /> � F��rTa�cq�s�i t�te. 5ubject to sppli�abk law or to a written v�u��er by 1 enda:Borror�er shafl
<br /> to l,ender on the day monthtY P�Y�u are due under the 1�7ate,untet the N�►[r�i�s psrc!in Cu11.�sum(••�uads`)equat to
<br /> r• onr�trrtltlle +af: (a) Yady ta�ca and s�sa�ts�u ++�h�h �� attain priosity over this Strurity instrument: tb}yearly
<br /> �p�ymbni�t�r�xitrd rtnts�as tbe PrapertY: if a��: (c3 �`+.'Axly hazud insurance premi�tms; and td)}tariy
<br /> �o�tp�e�asuranoe pr�emi�ups,if any.'I'E�e items�ure ciliie3"esrrow items."Lct�der msy;stisnsie the Funds due cx�[he
<br /> baisofrnrreritd�rmdtra�ombkea�tinwtesMtatucsescro+�items. � ifedenlor .
<br /> �Fuu��.��a1}b�c i�e{d in aa institutiat tbe deposits or sccounts of which are inwred a 6ust�nteed by
<br /> � statr.s��r.(���s.;,�det iE L,arder u sncb sn institut'son�.I.�ni#er shalt�3pply�the fuods to pay thr.cscrow items. ..- . - -----_. ..
<br /> i,ender�Y not e�arye for�ioidin�ai��a�p[Yu�E�tl��uads.�nslY�na she accoune dr verifyia�the acro�items�.uu�kk��ss ,
<br /> 1s�v �ts Lender ta make such a charse- Borrowet'and •
<br /> , Lee�er pays BorraMer interest on the Fuads and applicsbk Pern�
<br /> I�der�ns�s�i�c'"'nans t6st intere:t shall be paid oe the Funds.Un�an s�rtemeet is cnade or apQlicabk 1aw
<br /> c+ecpaires intcnst to be p�id,La�der sha11 not be rcquired to pay Borrower any interest or arnings un tiie Fwds.Lender .
<br /> � si�aU tive to BorroMer=w�itbout charge.au}�naual accountina of the Funds showing credits and+detsits to the Funds and the
<br /> � pUrpose foc w,bicb pch debit to the Fands w�s enade•'The Funds are piedged as additi�onal secnrity for ihe sums securod by
<br /> . t�SSectuitY l�trument• ablc rior to
<br /> � if i�e ama�nt�of thc�unds held by I.endet.to�ethet with the future mnnthly payments of Funds psy p . ,
<br /> tlre due,datcs o�the escrow ium&sha11 eaceed the amount required to pay the escrovv items what duc���,��f�e . .
<br /> . at�iOrr�x�r's aptian,e+ther paomptiy rep�id to Barnno►rer or crediud ta Batrower on m6nthly paym :
<br /> aninunt of't�e Fw�ds held by Lecuf�r is not sufficirnt ta pay the escro�items when due.Bonower shalt{nty ta L�rcder any � .
<br /> r ..::(;:: �r�mnnt neceuarY w make up the deficiency in one or more paymenu as requirrd by Lender.
<br /> rom tl refund to 8ono�er
<br /> Upoa payment in full d'aIl sums securrd t�y this Security Instru�nent,T�ender shal�p P Y
<br /> • 's�;}Funds�e3d�y lxnder,tf undet paragaaph 19 the Property is sotd or acqnirtd by Lmder,Lmder shaU apply.no later
<br /> ' t�an immodi�ttely prior tc��t1�sale of tile Property or iu acquisition by Lcnder,any Funds hetd by Lender at the time of
<br /> sppti�tian as'peradit agairisi the sums secured by this Security Instrument. ments receiced b Lender under
<br /> 3 !1�lltasbiaa nf�alwe�b. Unkss ipplicable IIaw per?uides othervuise.aI1 pa9 Y .
<br /> � ' puagnphs 1;�?sBaI1'.i�itpplied:fitst,to late chuges due un�r f.�e Note;s,er,ond.ta prepayment charges due und�r the
<br /> Note;tltird,tna�»ount��a�r!�1�under psr�raph 2;fourth.to interest daG���.ta principal due. ��
<br /> 1. C7�e�I,iR,aiir,,,::3Bonawsr sh�ll psy a!1 uxes.asses�nents,c��r�fines aad impositicns attributabie_r�the �
<br /> ��y w►bich may at-.�;;y priority wr.�.7 ti�is Serarity Instrumer►t. and Se�sel�otd payt:senis or ground rents.�;.iz�aay _
<br /> � &ssrower sfwU pay these obligatians�r:t11e manner provided in paragraph 2.or if not paid in that manner.Horraw+�shsU .� _
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<br /> � �v_t6em on time dirtctty to the pet�n owod payment Borroaer shall promptly fumish to L,ender all noti�es af ain�iunts ,
<br /> ta,f�e p�id under this pragraph. If Bonow�r maica��f�ls�se payments directly,8orrawer shall promptty fUrnish to I+ender _
<br /> .. ri�e.ti�ts evidcncinE thc paymants. "._
<br /> Borroiver sfis11 promptly discharge any lien wi�ich has priority over this Security Instrument untess Borro�ver�(a)�
<br /> agrees in w�riting to the psyment oPthe obligatioa secured by the fu�in a manner accepta�ie to Lender;(b)contestswa gcjad
<br /> faitfl the lien by.or defends against enforesment of the lien in,1e6a1 proceedis�gs which in the Lender's opinion�:tte t0
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<br /> prcvent the enforcrntent ai"��e lien or forfeiture of any gart of the Property;.ar.(c)secures from the hutder d'��e;�.vcr►an
<br /> agreement satisPsctory to I:ic�i�er subordinating thc lien to this Security instrur:ent.if Lendcr determrnas that an�.�ef ���
<br /> the Property is subject to� �im ahicfa•t�tty attain priority over this Securiry instrumant, Ixadec may give Bocmnrrer a ��,'>•
<br /> notice idrntifyinb the lien.Borrower a,fidf satisfy the tien or tsiee ona or more cf the acti�;tis set forth above wit?�in.!�tlays . �`� ��
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<br /> - ',� . c�r°ti��i�r.$�'ratice. '�.' . , .
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<br /> S. Hssar+/I�nuce• Borr�+.�:r shall kea�,s�e improvements now e:tisting or�`�ereafter er�:,�,rd an the Praperly , .
<br /> insurod�g�ainst tossby fire.harards ir,��,i�ied withir�t:�e term"eatended coverage"and aAy other huz� .9't�'4�tor whioh Lender .
<br /> � requires insunnce. This insurance�fs:►ll`6e muintained in che amounts arrd for the peri�xls lhat �,��.c3tt aquira. The
<br /> insurana carrier providing the insur:t��ie shall be chosen by Bo*rawer s�Cject to Lender's approval which shalt:��:.ot he
<br /> unre�anabiy+vithficld. '�•� � '
<br /> All insurance policies and rtntwals shall be acceptable t�L.ender:stti�shall include a standard mortgage+clause.
<br /> Lc;sticr sr.:ll l�.:vs ike r.�L'i�hold th��li�ies and rrnewals.If Lender rt�a:�-es,Borrower shall promptly give to I.ender __
<br /> sll receipts oi'paid premt�t�.`a And rertewal notices.In the event of lass,Borrowrr�}��ij give prompt notict to the insurance �
<br /> carrier and Lender.Lendfr may makr.7roof of loss if not made promptly by Borrower. �
<br /> Unlcss l.ender and Barrower�tdliKwise agree in writing,insurance proceeds sfial�be applied to restoration or repait
<br /> �6 the Propttty damaged,if the restoration or repair is uanom�caliy feasible and Lender's secusity i��iot lessenod. If the � `: __
<br /> restoratian ot rtpair is nat�onomically feasible ar Lendcr's sacurity woutd be lessened,tha insu:ts��:+e prc�caeds shaff be ,,
<br /> applicd to chc sums secured by this Security Instru�scent.whether or not then due,wit'h.any excess paid to Borrower. If
<br /> Borrower ztfiu�adcros the Propeny.or does not answer within ll�days a aotice from D.er:,�et tF:nt the insurance rarrier hu
<br /> � of[ered to�ioLe a claim,then Lender may collect the insura.nr.�pmceeds.l,ender may u��e ihe proceeds to repai��ir t�estart
<br /> � � the 1'Yopet'ty or to pay sums secured by this Seturity �nsftuitit�it.whcthar dr not then due.The 3Q�day periai��iIF�egin
<br /> ; when the notice is give�t.
<br /> , Unkss Lender a�id Borrovver othervvise agrr:�in writ�ng,any application of proceeds tc�prin�:i��shall not extend or
<br /> j postpane the due datr of the montht�r�fayment�refetted to in paragcaphs 1 and 2 ar ci�ange t�:o amount of the payments.if
<br /> � under pzcaanph 19 she Property is acquired by Lender.Barr�?w�ei s right to any insutanec policies and procee�s resulting
<br /> from dsmaae to the PropeRy prior to the acquisition shali Rass to Lender to the extent of the sums seeured by this Secnrity
<br /> ' lnstrument immediately pric�r tothe acquisition.
<br /> � 6. Prtseratia�artd Maiutews�ce of Pro�erty;Les�eholds. Borroaer shall not dectroy,dar.iaRe or su6stantially ,
<br /> — change t�Property.altow the Property to dettriorate or commit u�aste. If this Secur�ty lnstrument �s on a leasehold, -
<br /> , Bonower shall comply wit6 the provistcros of the lease,and if Borrawer acq►rires fee title to the Pruperty,the leasehntd and =-�
<br /> fee titk shall nt�t metge unless L.endcr agrees to the merger in w�riting.
<br /> 7, protectioa ot I.e+�det's Rigits tN tie Pro/erty; 4lortg�ge Iesurance. lf Barrnwer faits tc� (:erform the ,
<br /> � eovensnts and agrcements contained in this Secunty Instrumeat,nr there�s a 7ega1 prcxeeding that may sign�ficantly atfect
<br /> _ _ �,,�;,�.,-r� tigkt�en�he Pr��er�y ls�i�h aa a�+rnceeding in ban{cruptct, pt�hate, fvr cunden3nation ar tn enforce lav�s c�r t _
<br /> reEul�ticns),then 1_cnder ma��doand�►ay fa�whats��er isnecess;jry tc�protcct the�alue�f the Prc�per�g and t.cnd�t's rights
<br /> "� m thr f'taperry. Lender's actcnns rn�y inctude pay�ing any yums scrured by a l�en���►_�iuh'h.�s�nnrety u�er th�s Sctiurity
<br /> � tnurument,a�pe�t�ng in r�urt,pay�ng reasonuble att�meys fee�and entennc on the Prayer�� iu make rcpairs.Although
<br /> I.cnder may tai;ea�t�ur�undcr thisp�r�gtapfi 7.L,ertder dctes tti�t hacrtv dosn
<br /> E4c:y am��untwct�;'�urud by Lrndtr undrr this pasagraph .'4h�dl he���me addNidnul d�l�t i�f Borr��wet�ecured b�thi,
<br /> � 5�ur�ty tn�tramerrt.�=nlrss iicsrr�}xer and I.,cndrr 3gaee tr c,ther?Crmti uE�a}c�ent:�eFi:s�anz�+v ns+�ti�ll t+tar interest from
<br /> ltl[ (�J�C E�f diShutyert�ent at thc tie�tr rate�nd chali �x �:.?i�MC. t�►f;� +����f2!1• UR'+�ll tlPt��C fT�'!" �en�ier tc+ Ht�(It�MfT
<br /> � rtqucs!�!��p�)ntcnl. � .
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