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<br />� 89+'1U6280
<br /> � UN1FORM COV�NANI'S Bc�rrowcr And Lender caven��9t and agrce as i'ollows:
<br /> 1. A�y111Cpt Of Pf�11�IMI�d IlltlTEitj PflNy�cnt and Lte GUar�a. Bon'flWer shall promptly pay when due
<br /> the princips!of an�!intecest on the debt evidenced by tht Note end eny prepayment and late ch�rg�due under the Note.
<br /> � 2. Funds tar Tu�t�and In�rnnee. Subject ta Applicable law or to u written waiver by Lender,Harrower shall pay
<br /> ta Lender a�i the day monthly payments arc duc under the Nate. uatil the Nate is paid in t1�11,a sum("Funds")equal to
<br /> • one-tweifth of: (a) yeA�ly tAaes �nd assessments which rn�y attain priority aver this Security lnstrument; (b} yearly
<br /> lessehold payments ar graund rents on the Praperty, iF Qny; (c) yea�ly hazard insurance prcmiums; and (d) yearly
<br /> _ mort�age insurance premlums,iPnny.These items Arc cxlleai"escrow items."Lender moy cstimate the Funds due on the
<br /> � t�sis of cunrcnt dau and ceasonable estim�tes af i1►ture escroW lssma. �
<br /> The�unds shnll be held in nn institution tha depasito or xccaants oP which are insured or guarantced by a federal or
<br /> state sgency(including Lende�if I.ender is such an institutlon). Lender shall apply the Funds to pay the escrow items.
<br /> Lender m�y not charge for holding an�applying th�Funds�wnalyzeng thc accaunt or verifying thE escrow items, unless
<br /> Let�der gays Borrower interost an the Funds and applicable law permits i.ender ta make sucf►.a cbarge. Horrawer and
<br /> � Lerider may agree ir� writing thal interest shdl be paid on the Funds. Unless ar agrament is made ar applicable law
<br /> requires interest to be p�id.Lender shall not be required to pay Borrower xny interest or earnings ari the Funds. Lender
<br /> ahall give to Borrower.without charge,�n iu�nwl accounting o;►i�C:,ads showing credits and debits to the Flinds and the �
<br /> purpose for which eACh debit to the Funds was made.The Funds are pledged as additional sceurity for the snms secured by
<br /> � ihis Security Instrumeat. .
<br /> IP the amount of the Funds held by Lender,together with the fl�turc monthly payments of Funds payable prior to
<br /> the due dates of the escrow items,shall excad the amount required to pay the escraw items when due,the excess shall be, ,
<br /> at Hortower's option�either promptly repaid to Borrower or croditod to Borrower an monthly payments of Funds.If thc
<br /> amount of the Funds held by Lender is not suflicient to pay the escrow items when due,Horrower shall pay to Lender any
<br /> amount necessary to make up the deaciency in one or more payments as roquired by Lender. • . .
<br /> ' � Upon payment in full of all sums secwed by this Security Instrument� Lender shall promptly reiLnd to Borrower .
<br /> any Funds held by Lender.If under paragraph 19 the Property is sald ar acquired by Lend=r, 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 /> applicstion as a credit against the sums secured by this Sccurity Instrument.
<br /> 3. Appllcatlon of Psyareab. Unless appGcable law provides otherwise, a1) payments received by Lender under
<br /> paragraphs 1 and 2 shaU be applied:flrst,to late charges due under the Note;secand,to prepayment charges due under the
<br /> Not�third,to amounts payable under paragraph 2;fouRh,to interest duc;and last,to principal due.
<br /> 4. C6arges;Llent. Bonower shall pay all taxes.assessments,char�es,fines and impositions attributable to the .
<br /> Property which may attain priority over this Security Instrument. and leasehold payments ar groand rents. if any. �
<br /> Bonower shall pay these obligations in the manner provided in paragraph 2,or iP nat paid in that manner,Horrower shall .
<br /> pay them on time directly to the person owed payment.Borrower shal)pramptly furnish to Lender all notices of amounts
<br /> to be�aid under this paragraph.If Borrowcr makes these payments directly, Horrawer shull promptly furnish to Lender
<br /> receipts evidencing the payments. • ;
<br /> Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Horrower:(a) �;
<br /> agrees in writing to tne payment of tne vbligation secured by ine firn in a muciiiei ac�cNiaGt�i���a�rr,(�}��t.:�ts::;g:,� �
<br /> faith the lien by,ar 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 Propeny;ur(c)secures fram the holder of the lien an
<br /> agrament satisfactory to Lender subordinating the lien to this Security Instrument.If l.endcr detcrmines that any part of
<br /> the Property is subject to a lien which may attain priority over this Security lnstrument,L.ender may give Bonower a
<br /> notice identifying the lien.Borrower shall satisfy the lien or take onc or more of'the actions set Porth above within 10 days
<br /> of the giving of notice.
<br /> S. Hazard Insurance. Borrower shall kap the improvements now existing ur hereafter erected on the Property
<br /> insured against loss by flre,hazards included within the term"extended coverage"and any other haxards far which Lender
<br /> requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires:�The
<br /> insurance eamer providing the insurance shall be chosen by Borrowsr subject to Lender's appraval which shall not be
<br /> unreasonably withheld. ,
<br /> Ai1 insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br />- I.ender shall have the right to hold the policies and renewals.If Lender requires, Barrower shall promptly give ta Lender
<br />' all receipts of paid premiums and renewal notices.In the event of loss,Borrower shall give prompt notice to the insurance •
<br /> carrier and I.ender.Lender may make proaf of loss if noi made promptly by Bonower.
<br /> Unless Lender and Borrower otherwise agra in writing,insurance proceeds shall b�applied to restoration or repuir •
<br /> , of the Property damaged,if the restoratior�or repair is economically feasible and Lender's security is nut lessened. If the
<br /> restaration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds sha1)be
<br /> applied to the sums secured by this Security Instrument,whether or not then due,with any excess paid to Borrower. If
<br />. Bonower abandans the�roperty,or does not answer within 30 days a notice from l.ender that the insurance carrier has
<br /> offered to settle a claim,then Lender may coltect the insurance proceeds.Lender may use the proceeds to repair or restore
<br /> the Property or to pay sums sa^.ured by this Security Instrument,whethcr or not then due.The 30-day period will begin
<br /> whan the notice is given.
<br /> Unless Lender and Borrower otherwise a�cree in weiting,any application of procecas ta pr'sncips!sha3!nos extend or
<br /> postgone the due date of the monthly payments referred to in paragraphs 1 and 2 or c;hange the amaunt of the payments.If
<br /> ; �' under paragraph I9 the Property is acquired by I.ender,Barrower's right to any insurance policies and proceeds resuiting
<br /> from damage to the Property prior to the acquisition shall p�ss to Lender to the extent of the sums secured by this Security
<br /> Instrument immediately prior to the acquisition.
<br /> � 6. Prdervation and Mainteeance o!Property;I.easeholds. Borrower shall not destroy,damage or cubstantially
<br /> ,. change the Property. allow the Propeny to deterioratt or commit waste. If this Security Instrument is on u leasehold,
<br /> � . Borrower shall comply with the provisions of the lease,and if Borrower acquires fee title to the Property,the leasehold and :-=____
<br /> , fa title shall not merge unless Lender agrees to the merger in writing. '
<br /> 7. Protection of Lender's Rights in the Property; Mortgage Insurance. If 4iorrowcr fails to perinrm the ;
<br /> . covenants and agreaments contained in this Security lnstrument.or there is a legal procerding that may ti�gnifiran�ly :ifTert
<br /> I.ender's rights in the Property(such as a proceeding in bankruptcy, probate, for conclemnau�m ��r t��enfi�rrc law� �:r
<br /> � regulations),then Lender may do and pay for whatever is necessary to protect the value af t he Prnperty and 1�i��1er'�nght�
<br /> in the Property. Lender's actions may include paying any sums secured by a lien which hs���rinnty ���rr!hi� ticcunty
<br /> � Instrument,appearing in court.paying reasonable attorneys'fees and entering on thc Pr��perty t��makc rc�•air. Al�h��u�h
<br /> � Lender may take action under this paragraph 7.Lender does not have to do so.
<br /> Any amounts disbursed by Lender under this paragraph 7 shall becor:_addnwnal dcht��f Hurn�wrr.erured h� ilu. ;
<br /> Security Instrument.Unless t3orrower and Le�nder agree to other terms c�f payment,the�c am�.untti�h.�l)Ixar n�tcrc�t fnan �`
<br /> the date uf disbursement at the Note rete and shall be payable, wi�h mtere��. up��n nc+ncr fr��m 1 rnde� ��� H��i�������� �
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<br /> rtquesting payment. � °'!°�'
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