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<br /> UNIroRMCOVBNAN7's. Boriowerand4endercovenwntanda�tee�sPollows: � Whendue �� f
<br /> , . 1. Payaat of Pti�ipd a�d I�hn� PrcWl�eat�ad l.rta CA�r�a. BorroNCr�haU promptlY p Y �: .� =;--�•�__:- —
<br /> . �;, the principal of and interest on�he debt cvidenced by the Note and�ny prepayment and I�te charges due under thc Na�e.
<br /> :^ •�.'° ° - 2. Fuad�torTa:a�ad Inwnace. Subject to Applicable lew or to a written waivor by Lende�,Borrower chall pay
<br /> .�s: .,. +
<br /> �� f° to Lender on�he day munthly payments are due under the Note,umil ihe Note is puid in Pull,u sum("Funds")equal ta
<br /> • ;�,•='`"'�''+�'`� onrtwelflh of: (a) yearly tAxes and assessmems which may attain pnon�y over this Securi�y In�trumonr, (b) yearly
<br /> ' � 4 �� Iasehold p�ymen�s ar 8round cents on the Property, if any; (c1 ycerly hazard iasuronce premiuma; und (d) yeurly
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<br /> �� mortg�ge insurancG premiums,if ony.These items nre cnlled"escmw i�emc."Lender m++y rstimate the Funds due on the � _ __� _�,
<br /> � �°-�t��l�� '�• bacis of cunent data wnd teasonAbk estimates of tuwre escraw i�ems. ____
<br /> � The Funds shell be heid in on institutian the deposits or accouMs of which a�e insured or guornntred by a fcderal or
<br /> .•,t.�� • • state agency(iacluding Lcnder if Lender is such an inatilutian). I.ender shell upply the Funds to puy the escrow items. �___ ______
<br /> ;.�;,�;;�, '�'•;., ..,': t.ender may not charge ior hoWing and applying the Funds,analyzing the acrnunt or veriPying the escrow i�em�,unless !�??'�����1��„�
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<br /> ,,,;��`� ;�:� � . ' l.ender pa�ys Borrower inte�est on the Funda aad applicable law permits Lender to make such u chnrge. Rorrawer And
<br />- • � .;.,.,. Lender r�y ag�ee in wdting that intercst shall be paid on the Funds.Ualess nn agreement is mude or applicable luw __
<br /> .. . . .
<br /> _ � �� • ;��,��". '�. rcquires inten�st ta be paid,l.ender shall not be required to pny &�rrower uny in��rest ar cArningc on the Funds. Lender ��,.,_.-`_z--_------.--
<br />- ' " ' �'' "�� shal!gi�•e to Borrower.without chorge,an annual accounting oP the Funds showing credits und debits to Ihe Funds and the ___ _
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<br /> .� purpose fo�which each debit�o tiie Funds was made.The Funds are pledged as additional securi�y for thr sums secured by ___ _
<br /> .�."•.:;,,;, �. •• � th�Securitg Instrument.
<br /> ��;�.�};,;�?�.� , ,^;r ° :,. !f the A�ount oP the Funds held by Lender.together with the iuture monthly payments of Funds payable pnor ta _
<br /> ' ' •,"`..,. . , ' the due datew oP the acrow items,shall exceed the umounl requi�ed to pay the escrow items w hen due,�he excess shall be.
<br /> ��,,
<br /> ..x�._ _ at Bortower's option,either promptly repaid to Borrower or credited to Banower an monthly paymems af Funds.If the ���,�------- �
<br /> '° �nount ot'the Punds heW by Lender is uut suf8cient to pay the escrow items when due,FMrrower shs►II pav to Lender any �`,."�����L� .:
<br /> °° ' �. amount necessAry to make up the deficie�cy in one or more payments as required by Lender. i�,�;�',�,s,�,���
<br /> � .. � ;�,:� Upare puyment in full of all sums s.cured by this 5ecurity Int��ument,Lendrr shall promptly rePund to Rorrower ��-"'"'";'•:�•��•r'.,:.
<br /> "� any Funds held by Le�der.IP under puragrap'h 19 the Property is sc�lc!or acquired by Lendrr,L«ed�r shall apply.na later .� � «:_�_
<br /> • � thnn immediately prinr lo the sale af!he Fro�rty or ils acquisitinre by Lender,any Funds held t� �.ender ut the timr oi' � •
<br /> application ss a credit agaimst th�c sums xecured by this Security Instrument. , .
<br /> ' ' �• I'�' 3. Applicsidon ot Paymeat�. Unless applicable law psovides otherwise,Al!payments received b}��.ender under " '��y��-"
<br /> .t"'�.� r' '��r� ,; paragraphs I and 2 shall be applied:firsa,to latecharges due under t'he Note;second,�o prepayment charges due under thr "-ti,5�,�#.��.,,;:. -
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<br /> .h�. .. • � - ,- . 'S.'., ..-•���T �[I.v�_
<br /> • . - t,:;�,�r� Note;third,toamountspayable under parugraph 2;fourth,tointeregt due;and last,toprincipAO due. �.• .�.�.�`,�,f�a x,,,..,
<br /> r'���� .t�' .f','�w�' 4. C6u�Lien�. Borrower shall pay all taxes,assessments,chArges,flnes and impc�si�ions attributable to the .;;;;��;�(,s►�,-;,�+��.;��_ ,
<br /> Aroperty which may auain priority,over this Security Instrument, und leasehofd payments or ground rents, if any. s4"„'�:''.r"';!S:•+t;����__
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<br /> ' � � Borrower sha{I pay these obligations in the manner provided in paragroph 2,or if nat paid in thut manner,Borrawer shall � • � ,�__
<br /> .;�,,. ^—�,�^,; pay tixm un iiu�e dlrec.tly ta t8c pCS'�nn ou�ed ps;�ment.&�rrnwer chall pramptl� furnish to Lender al)notice�of amounts � _ _
<br /> ••�i• %�!;• to be psiid under this paragraph.If Borrower makes these pnyments directly,Borrower shnll pramptly fumish ta Lender � .,,�.,��,� -�-.
<br /> �. .. \ p . �
<br /> � �'°• receipts evi�lencing the paymenls. . _.,,
<br />-`f��' � Borrower shall prompdy discharge any lien which has prioriay over this Securiry Instrument unless Borrower.la) __T__�
<br />•�'�.,i .� ,:
<br />' � �g�ees in wrning to Ih�payment of the obligation securecl by the lien in a m�nner acceptable to Lender,!b)enntests in guod ,� � ;:ti�_:�-
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<br /> ,.•..{, taith the lien by,or defends against enfbrcement of t he lien in,legal proceedings which in the Lender's opinion operate to �r, -'"�"`�
<br /> �,s�"'� '' �' prevent t0�e eniorcement of the lien or Porfeiture of any par�oP the Prupeny;or(c)secures Prom�he holder of the lien an
<br /> ��� agreement sutisfactory lo Lender subordinating the lien ta this Serurity Instrument.If Lender determines thAf any pArt oi'
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<br /> ,`'`'� � the Praperty is subject to a lien which may attuin priority over thix 5ecurity Imtrument, l.ender may give Bormwer p � �:=�
<br /> • �� , notice identifying the lien.Borcower sholl sntisfy the lien or tuke one or more of the xtians set forth abnvc withm 10 da}•s �,fi .
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<br /> ' • of the giving of notice. �
<br /> �. S. Hpzard Insurnnee. Bormwer shull kec�the improvemenl�now ex�sting or hercuftcr erected on the Prnperty y ::_
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<br /> • � insured s+gainst loss by 8re,hau►rds included wi�hin t he term"extended coveroge"und any other huT.�rds Par which Le»dir :'�:.,,.>
<br /> �;`�, � " ° " requirr3 insurnnce.This insurunce +hall t� muintnmed in Ihe nmounts und fi�r thc peric�ds that Lender requires. The -�. .
<br /> � ' , , insurance currier providing the insuronce shall be chosen hy Borrower subj�w�to Lender'ti approvul which shull not be ( . .�i•�,_
<br /> • unreasonnbly withheld. � '".'�"� ��
<br /> All insurance polic�es and renewnls chall be �ceptable lo Lender and+hull include u standard mortgage clnuse. `
<br /> ' • •• . I.ender shall have the righl to hold the policichund renewals.If Lender requirc�.Burrowcr shull promptly give to Lender
<br /> • ' ull receipts of pAid premiums und renewal noticcw.In the event of los+,Bc�rrower,hall give prompt notice tn the insurunce � .
<br /> carrier nnd txnder.Lender msy makc proof uf lu�s if nut mAde promplly by&xrower.
<br /> �...;" . Unless Lender and Borrower otherwi�ugrcr m wnting,mvuruncc prcxceds�hull t+e applied to restorulion��r repair ` .
<br /> . of the Propeny damuged,if the restorntion or repnir is econi�mieully feasible und Lender's security is not lessened.If the � � �:7
<br /> , restoration or repuir is not economically feusible or Lender's security wcwld be Ir+�ened,the insuran�e proceeds shnll be 4
<br /> ' upplied to the�ums zecureci by this 5ecurity Instrument,whether or n��t then due,with any excess paid ro Borrower. If
<br /> � �" �' Borrower nbundons the Property,or does not antiu�er w•ithin 30 duy�a na�ic�fmm Lender thut the insurunce carrier has � „
<br /> . .� , '+��:i:,•.,'�. .
<br /> , offered to setde u cluirn,then Lender may collect Ih�insuranre prcxeed�. Lendrr mny use thc prcxeecls to repnir or restote
<br /> � ' � the Property or t��puy sums ucured by this Scti unty Instrument, whethcr or not then due.The 30-day�+en�xi will he�tia
<br /> �,� ;.' • ,. when the notice is given.
<br /> ,. 5;�. . Unless Lende�aeu k'k�rrciwer otherw•i�cagrre m writmg,any upplirau�m af prtx crds t��pnnrips+l shull not eatend nr
<br /> ,,;' .� •. :;�+, postpone the due da�e.�iclhm m�nthly paymentc referred to in paruRraph� I rnd 2 ur change the umount uf the pnymen�s.1f
<br /> ;;;„• „ ��l•:i;;;, under paragraph IQ t he Propert�•is ucquired b�• Lender.Horrow•er'••.right to an}•insurance�lici��and pmceeds re+uiu��z �
<br /> � , . "'�'•' fmm dnmage�o the Pmperty pnor to trie acquis�ti��n.hall pas+u��l.endcr to the extent af the�um���wured by thi.Serur,e�� � ��'
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<br /> .,"�. ,'. �';�s;� .;.. . ' Instrumentimmediatel�priortu�heacy�n+rtian. : �, . . •
<br /> �,,.., • 6. Prese�vatiaa aad�fafntenance of Pra�erty:Leaseholds. Barrov►er.hall nat des�roy.d•rma�er<�t.�ubslnnnal�y •
<br /> '`�1�� • . ���, i� change thr Yropert�'. allow Ihe Pm{+erry to dMtrin-a�r or romme�t aatite. If�he.Seruriry Instrumen��>��n a le�.sehold. :
<br /> • �,'�"s Bormwet shall comrly N ith the pro�,.i�,ns nf the laa+r,nnd if Eyorr ow•cr arqwrc�fee�itle ro thc Property.thr Iraschold and .
<br /> � ,;.;".;.: ,
<br /> � . :.',;.. fee tiNe shu;(not mcrgc unle+.Lereder:,�;ees to�he rnerger�n w-..�r:e
<br /> `� 7. Protection of Lender'9 I�i��hts in the Property: �fec[{r�Re Insurance. (f &�rmwer f�d+ tu (+erform the
<br /> _.�_ .�. ..�r.
<br /> .�... . . — covenants nnd aFreements contaio�e:�in thi.SMUnr;,Imtrun:tmt.,�r therr�.a irg�i pnkeecimg�iWi ma...F...��.a:..��...,.
<br /> • . Lender's nghts in ihe Pm�rt��<�u.i� a�a �+r��.er�mfi m banl,ruptc�. pmha�e. f��r condcmnaU�m i�r a� en&�rte law�Rr
<br /> • , regulanons),then Lender ma�•do aad�a�for e ha�e�er is nrcr.�ar}to pra�ert�hr�alae��f rhr Pru�xrq�and Lender'.nghts
<br /> � in thr Propen}•. Lender's acucm�n�:�y �nrlude paymg am ti�m. .rrurcd hy a I�en ah�.h ha� priaru�����rr th��5rcunt�•
<br /> Instrum�nt.appeanng in court.p��ing rra�unable attorne}�f�r.�nd cntrnn�e�m thr Prupert} la make repain.Although
<br /> Lender may take an�on undrr this paragraph 7.Lend�r dix�nrt ha�e lo do.��.
<br /> Any amounls d�tibuned b�Lendrr under th�+p:►ragraph 7.hall txrame addiuonal debt uf H��rrower uwured hy Ihi�
<br /> 5ecurity Inctrumenc l'nfcKS&ttr�wer and Lendrr rgrce�o�ther trrni���f paymcnl.thr���mi�am��hull t+cur�ntercht from
<br /> lhe dttle of d�sburxmenl at the '���rc r�re �nd �FIdII ht �V�.�DIt. NIIFI mtenwt, up��n n��hrr (r��nt 1 rndrr t�� Narruwrr
<br /> � requesung payment.
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