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<br /> UN�FaRtH Cov�tv�l�TS. Borrower and Lendcr caventnt and egree as follows: �9--- �0 6 415
<br /> 1, Psyn:ent uf Frteslps!and Interat;Prepaymeat�n�Latt Chugc�. Harrowcr shull promptly pa�+when due
<br /> the principal af and intereat on the debt evldencod bv the Note and any prepayment and late charges due under the Note.
<br /> 2. Funds to�Ta:es aad Insunuke. Subject to�pplic�ble law ar to a written waiver by Lender,8attawer shall pay
<br /> � to Lendar vn the d�y monthty payments are due under the Note,uatii the Note is paid in fu!!,a sum("Funds")equei ta
<br /> one-twelfth of (a) yarly taues and assessments which m�y attain prianty over this Security Instn�ment; (b) yearly
<br /> � ku�ha3d paymer�ts or ground ranta on the Froperty, if any; (c) yearly huzard insurance pr¢miums; w�d (d) yearly
<br /> mortgage inaurance premiuma,ii'any.These items arc called"escraw items."Lcnder may estimate the Funds due on the
<br /> b�ais of current dau and nasonable estim�tes of tt�ture escrow items.
<br /> The Funds shall be held in an instltutian the deposits or accounts of which are insured or guarantad by a federal or
<br /> st�te agency(including Lender if Lender i�sucb an instltutlon). Lender shall apply the Funds to pay tha escrow items.
<br /> Lender m�y not charge for holding and applying the Funds,analyzing the account or verifying the escrow items,unless
<br /> Lender p�ys Horrower intereat on the Funds and applicable law permits Lender ta make such a charge. Borrawer aad
<br /> L.ender may agrce i� writing that �nterest shall be paid on the Funds. Unless an agreement is made or applicable law
<br /> requires interest to be paid, Lender shell not be requirod to pay Bonower any interest or earnings on the Funds.i.ender
<br /> s6a11 give to Bonower,withont charge,an annual acoounting of the Funds showing credits and debits to the Funds and the
<br /> p�rpt�se for which each debit to the Funds was n�ade.�e Funds are pledged as additional security for ti��e sums secured by
<br /> this Secwity Insta�ment.
<br /> If the amoun3 of the Funds held by I.ender�togeth�r wi31�the fl�twa monthly paymepats of Funds payable prior ta � . '
<br /> the due dates of a�ae escroa iteins,shall eaceed the amaant required�to pay tkt escrow items when due,the excess shall be, �
<br /> at 8ro�a�o�ver's option.eit�er proamptly repaed to Bonow er vs credit�d to Barrower on monthly payments of Funds. If the
<br /> � amount oithe Funds held by tiender is not sufticient ta pay the escrow items when due,Borrower shall pay to Lender any
<br /> amount neoessarp to make up the dtflciency in one or more payments as required by Lender. ;
<br /> Upon payment in tlill of all sums securod by this Security Instrument.L,ender shall promptly reflind to Borrower
<br /> any Funds held by Lender.If under paragraph 19 the Property is sold or acquired by I.ender.Lender shall apply,na later
<br /> than immediately prior to the sale of the Property or its acqu9sition by Lender,any Funds held by Lender at the time of
<br /> application as a credit againat the sums secured by this Security Instrument.
<br /> 3. Applicattoa of Ps�ents. Unless applicable laa provides otherwise.all payments reccived by Lender under
<br /> paragraphs 1 and 2 sh�ll be applied:flrst,to late charges due under the Notr,socond,to prepayment charges due under the
<br /> Note;third,to amount�psyable under paragraph 2;fourth,to interest due;and last,to principsl due.
<br /> 4. Chuges;Llees. Borrower shall pay all taxes,assessments, charges.fines and impositions attributable to the
<br /> Property which may sttain priority over this Security lnsttument, and leasehold payments or ground rents, if any. � •
<br /> Horrower shall pay these obligations in the manner provided in paragr�ph 2.or if not paid in that manner.Barrower shall � .
<br /> pay them on time dlrectly to the person 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 I.ender ' �
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<br /> F�1fif9 rYl�r*!!'!t!o Y�L'�8�IIlt3l�. :•-µi
<br /> Borrower shall promptly discharge any Iien which has priority aver this Security Instrument unless Borrower:(a)
<br /> agras in writing to the payment of the obligation secured by the lien in n 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 opiaion operate to `''-
<br /> prevent the enforcement of the lien or forfeiture of any part of thc Property;or(c)secures from the holder of the lien an _
<br /> agrament sarisfactory to I.ender subordinating the lien to this Security Instrnment.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 Honower a ;
<br /> notice identifying the lien.Borrower sha11 satisfy the lien or take one or more of the actions set forth above within 10 days '!
<br /> of the giving of no�ice.
<br /> S. Haxud Ieaurance. Horrower shall kap the improvements now existing or hereafter erected on the Property
<br /> insurcd against loss by flre,hazards included within the tern�"exttnded coverage"and any other hazards for ahich Lender
<br /> roquir+es insurance.This insurance shall be maintained in the amounts and for the periods that Lendar requires. The
<br /> insurance carrier providing the insurance shal)be chosen by Bonower subject to Lender's appro�al which shall not be
<br /> unreasonably withbeld.
<br /> All insurana policies and renewals shall be acceptable to I.ender and shall include a standard mortgage clause.
<br /> I.ender shall have the right to hold the policies and renewals.If Lender requires,Borrower shall promptly give to Lender �
<br /> all receipts of paid premiums and renewa)notices.In the event of loss�Borrower shall give prompt notice to the insurance ��_-_
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<br /> carrier and Lender.Lender may make proof of loss if not made promptly by Borrower. ;'��
<br /> Unless Lender and Bonower othcrwise agree in writing,insurance proceeds shall be applied to restoration or repsir .
<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 /> offerod to settle a claim,then Lcnder may collect the insurance proceeds. I.ender may use the proceeds to repair or restore
<br /> the Properiy or to pay surns securod by this Security Instrament,whtthtr or not then due.'I'he 30-day period will begin �
<br /> when the notice is given.
<br /> Unless I,tnder and Bonower otherwise agree in writing,any application of proceeds to principal shall not extend or
<br /> . postpane the due date of the monthly paymmts referred to in paragraphs 1 and 2 or change the amount of the payments.If
<br /> under paragraph 19 the Proper�y is acquired by Lender,Borrower's right 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 immediattly prior to the acquisition.
<br /> 6. Preser�►attvn and Matntenance of Pruperty;Leaaeholds. Borrower shall not destroy,damage or substantialiy
<br /> change the Property, allow the Property to deteriorate or commit waste. If this Security Instrument is on a leasehold, =—___-_-
<br /> Borrower shali comply with the provisions of the lease,and if Borrower acquires fee title to the Property,the leasehold and .
<br /> fet title shal!not merge unless Lender agrees to the merger in writing. ,
<br /> 7. ProttcNon. of I,endt!'s Rights in We Property; Mortgage Insurance. If Borrower fails to perform the
<br /> covenants and agreements cantained in this Security lnservment. or tl�ere is a legaz proceeding that may significantly affect .
<br /> L.ender's rights in the Propesty (such as a proceeding in bankcuptcy, �srobate. �or conde�nation or to enforce laws or . .
<br /> � regulations),then i,en�fer may da and pay f�sr whatever is necessar�Lo protect the��alue of'the Property and Lender's rights �
<br /> in tfse Property. l.ender's actiaus may ir�ciude paying any sums.seru;red by a l:en which has priority over thi� Security
<br /> � lnslrcement,appearing in coun,paying reasonable at3or�:eys'fees a�sd entercng e:e the Property to make repaire. Although
<br /> L.endrt may take action u�cQcr ihis paragraph 7,Lenderdoes not have to do so.
<br /> Any amountc disbursed by I.ender under this paragraph 7 sha11 become additional debt��t'Horrower ticcured by this �`"
<br /> ---_ S�curity lnstrumenL t3nless Bnrrower and Lender aEree tu uther terms uf payment,these amnunts shall bear interest from �
<br /> --- the date of d�sbursement at the Note rate and shall be payable, with interest, upcm nc�tice from I endrr t�� Horrc�wer ��
<br /> - requrstingpayment. ,:,. „
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