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r. ...,: t <br />S, Y <br />�w <br />ti . •i , r1 � <br />1 '�! <br />, - vhp r r`i r' r 17�1i t;•t•� �'�i r• � � r "- - i <br />• :'t7 <br />r �qr =: r r r r; t y'-i li irj�ri7 %Y •' :�!i'G�i ^l +Ty <• <br />tr M Tf^I"" ""�`�r - rayrP -t,r r r 't. %; .. .. � �'3•t r i�.1a'rV%r r' I'':: ,.Y, �tt,f J� ( '. ,iff+'+r'y �': <br />--MOM <br />Lender covenant and agree as follows: 90-107057 <br />UNlPOttMt^oveteAtvts. Borrower and when due ' <br />1. Payranat of Priaci al sad latterest; PmVayamal aid Late tkarga, Borrower shall promptly pay � _�__ <br />the principal of and interest on theeilebt evidenced by the Note and any prepayment and late charges due under the Note.���„ <br />L Faub far Ta=rs aid loseraaea. Subject to applicable law or to a written waiver by Lender, Borrower shall pay <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 �- - i• ; M' <br />one•twdfth of (ai yearly lases and ammaninents which tray attain priority over this Security Instrument; (b) yearly • <br />lawisold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) yearly <br />riemiu if an These items are called "escrow items." Lender may estimate the Funds; due on the <br />mortgage insurance p trim. y. <br />basis of current dou and raawnable estimates of future escrow items. i <br />The Funds shall be held in nit institution the deposits or accounts of which are insured or guaranteed by a federal or <br />state siS atcy (including Lender if !.ender is such an institution). Lender shall apply the Funds to pay the escrow items. <br />Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless �1 <br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and I <br />Lender may agroe in writing that interest shall be pond on the Funds. Unless an agreement is made or applicable law <br />requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. lender <br />sun 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 trade. The Funds are pledged as additional secanty for the sums secured by <br />this Security Instrument. y " <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 tithe escrow items, shall exceed the amount required to pay the escrow items when date, the excess shall be, <br />at Borrower's option. either promptly repaid to Borrower or credited to Bormwe r on monthly payments d Funds lithe <br />amount of the Funds held by Lender is not sufficient to pay the escrow items when due. Borrower shall pay to Lancer any <br />amount necessary to make up the deficiency in one or more payments as iregiured 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 soli ac acquired by Lender, Lender :Nall apply. no later <br />than immediately prior to the sale of the Property or its acquisition ry Lender. any Funds held by lender as The time of <br />application as a credit against the surtu secured by this Security Instrument. <br />3. Applieatloa of Payments. Unless applicable law provides otherwise. all payments received by Lender under <br />paragraphs 1 and 2 shall be applied: first, to late charges due under the Note; second, to prepayment charges due under the <br />Note? third, to amounu payable under patragraph 2; fourth, to interest due; and last, to principal due. t '" <br />asse <br />4. ate, ptr.rocwer shall pay all taxes. ssments. charges. fins and impositions attributable to the <br />Property which may attain priority over this Security Instrument, and lessehold payments or ground rents. if any. <br />Borrower shall pay these obligatio i <br />ns n the manner provided in paragraph 2, or if not paid in that manner, Borrower shall <br />pay these on time direactly to the persdm owed payment. Borrower shall promptly furnish to Lender all notices of amounts <br />to be paid under this paragraph. If Borrower makes these payments directly. Borrower shall promptly furnish to Lender i <br />receipts evide ndrig the 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 in, 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 a lien which may attain priority over this Security Instrument, Lender may give Borrower a % .. <br />notice identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days " „�'•; i :' <br />of the giving of notice. <br />S. Hazard Iasaraaee. Borrower shall keep the improvements now existing or hereafter erected on the Property <br />insured against loss by fire, hazards included within 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 shall not be <br />unreasonably withheld. <br />All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause. <br />Lender shall love the right to hold the policies and renewals. If Lender requires, Borrower shall promptly give to Lender <br />all receipts of paid premiums and renewal notices. In the event of loss, Borrower shall give prompt notice to the insurance <br />curter 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 restoration or repair <br />of the Property damaged, if the restoration or repair is economically feasible and Lender's security is not lessened. If the <br />restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be <br />applied to the sums secured by this Security Instrument, whether or not then due, with any excess paid to Borrower. If <br />Borrower abandons the Property, or does not 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 nght to any insurance policies 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. Preservation and Maintenance of Property: Leaseholds. Borrower shall not destroy, damage or substantially <br />change the Property, allow the Property to deteriorate or commit waste. If this Security Instrument is on a leasehold, <br />... - - -- -- ....... �� ..i1. �n t1.. D..wn� �I�.. te2crhnid and <br />Borrower shall comply with the provisions of the icaw.. r+nu i. w..'WC. .y.." ` � -. -"+ <br />fee title shall not merge unless Lender agrees to the merger m writing. <br />7. Protection of Lender's Rights in the Property; Mortp ate Insurance. If Borrower faits to perform the <br />covenants and agreements contained in this Security Instrument, or there is a legal proceeding that may significantly affect <br />Lender's rrgthm to the Property (such as a proceeding in bankruptcy, probate, for condemnation or to enforce laws or <br />r'egulatiorWe.. the: Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights <br />j in the Property. LYer4er's accnons may include paying any sums secured by a lien which has priorty over this Security <br />Instrument, appearing car v,- L �. Via} a.g reasonable attorneys' fees and entering on the Property to make repairs. Although <br />Lender may uke action uroder ajs paragraph 7. Lender does not have to do so. <br />i Any amcmunts disbursed by Lecndte under this paragraph 7 shall become additional debt of Borrower secured by this <br />Security Instronent. Unless Borrower a.i Lender agree to other terms of payment, these amounts shall tear interest from <br />the date of disbursement at the Norc rate and shall be payable. with interest, upon notice from Lender to Borrower <br />requesting payanent. <br />1' <br />