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<br /> � ' � 91--10013 6 ����"����_
<br /> � � UNIPO�M COVBNANTS. Borrower�nd l�rndRr oovauM and��rae a�Pol�°ws' when due
<br /> � ° .. ^ 1. Pa�at d Pri�etMl�/ 1Ntr�1i PnMy�t W�� Honower slWl promPqY WY �_'._�,.�:�:--."
<br /> " ' � :-! We priocip�l of u�d interat on the debt evldenced by the Note�nd�nY P�Yment and late chu�es due under tha Note. ,.:,,_.._ �
<br /> � ''�_,.
<br /> - ` � 2. Fw�ds for Tua iud I�rroce. Subject to appUcable law ur to�writtrn w�iver by l.ender.Bo►rower shdl psy �• h'—'��
<br /> ,�.G�...y��.-
<br /> ��'�,;':..• ,,' to Lrender on the day monthly p�ymenw ue due under the Note,until the Nae is paid in full,�sum("Fund:")oqwl to - ..r___ ___
<br /> M�•,,, , ,:� ono-twelfth of: (a)ya�rly taxes and assasments which m�y attain priority over this Socudty Instrumen�; lb) yearly ,' ..���,y ��
<br /> " C+�",;� leaehold payments or Qround rents on the Property, if�ny; (c)yesrly hazard insurance premiums; and (d) yarly '` �f, ,-*�,r�;
<br /> , . ' � . mort�e it�surana prcmiums,if any.These items are called"escrow items."Lender m�y atim�te the Funds due on the u,..— .:____ ����•��+-�.
<br /> •. �,��::
<br /> - � ba�isofcu�ntdataand reawnableestimatesoffuwrcczcrow items. ' ;: -"":. •"°
<br /> � �� � Th-Funds shdl be held in an inatitution the deposin or nccounts of wbich are insured or gua�nteed by a federal or ��,.�-=—�=—�''••'-
<br /> : ��� � strte��ency(including l.ender iP Lmder is such an institution). I.ender shall npply the Fundx to pay the acrow items. ''Y� ;�:+, � ��.
<br /> . :^� •
<br /> Lmder may not charge for holding snd�pplying the Funds,andyzing the�ccount or ve�ifying the escrow itemc,unless , .
<br /> . " .. �' ' Lender pays Borrowu interest on the Fu�ds and applicable laa permits Lender to make such a charge Bortower And
<br /> L,p�der may agra in writing thvt interest shwll be�wid on the Funds.Unless an agreement is made or applicable law ,'-• .
<br /> � requirn interest to be paid,Lender shall not be required to pny Borrower any interest or earnings on the Funds. Lender � . :..�;:: :.
<br /> ��,�:. '• slull�ive to Bonower,without charge,an a�nual accountiag of the Funds showing credits and debits to the Funds aod the � •
<br /> purpose for which each debit to the Funds was made•The Fuads are pledged ns additiorwl secunty Por the:ums secured by . , .
<br /> ' ti�is Sxurity Insuumrnt.
<br /> If the aawu�t oP tde Fuads held by Lender.together with the future monthly payments of Fuods payable prior to
<br /> � � t�e due dates of'tlie esc�ow items,stwll eaceed the amo�+nt aquired to pay the escrow items when due,the excess shall be,
<br /> � �, at Boaower's option.either promptly repaid ta Bormwer or credited to Be+rrower on monthly payments os Funds.If the !
<br /> '1;;�;;..� am�nt of the Funds held bX Lender u not suHicient to pay t6�e escroa io�ahen du2.�orcoaer shai!pay to[.ender any �,
<br /> >..,.r,f;•r;r•.:� ' .
<br /> ,�; •;•�• �,a waar+unt�ec�.wry to maice w�th:deficieocy in one or mor�a pn3+menis as requirea by'Lrnder. :'
<br /> . � •���`'���.�`*'�'r`°:�':` Upon pay�t i�ft��J o P a J l a u m s s e c u r e d b y t h�s S e c u ri t y I n s a�u m e n t,L r n d e r s h a l l p r o m p t l y r e f u n d t a B orrower � �.;;;
<br /> ' ,`�`��'�f":��'•S;�A a�y Funds het��b l.ender.I!'undar ra ra h 19 the Pro n is soidi or ac uired b Lendu,Lender sha11 a 1 ,no lalrr •
<br /> �•��;�;°���;,1 l�,r Y Y A Y DPY �'1;�i;:i:�:,
<br /> . Pa B P P�
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<br /> :� . . �.;,.,,:��,�;�,. ,,.; ¢ha�n im�edia¢ely prior�to t�t sa9s of tfie�'roperty or its a�quuition by Len der,sny Fun ds he l d by Len der a t t he t i m e o t � t�
<br /> �i ; ..�r,�, `9 ', . aPP7aca9�an�a credia aga�nst the sa�ms secured my t�is Szcurily lnalrarn�n�. t� �,��', � � � � � ,-
<br /> . '!� ' ��� ;{?'` ' ' 3. Application vt PAymeat�. U�less ap,plicablt law provides atherwisr,ull payments rrceived bw •Lender under C ' '� „� �+.���.-,
<br /> �,�';'�,,�..,:,.•�; � parpgraphs 1 and 2 shAll be applied:fiis�to faae charges alue under tAe Note;sscand,to prPpayment chsuges due under the , .
<br /> �� . �.;�;;: Note;third,to amounts payAble under paragra��2;fourth,to interest diu;anJ 1ast,to pnncipal due. ��',,' . � � ,;. • . ,
<br /> � �;,:;.,; •• 4. C l u r Q a; L i e ro. H o r r o w e r s h a l l p a y a l l t w c e s,a s s e s s m e n t a,c h a r g e s,fi n e s a n d i m p o sitions atlributable to the ` •�.,, ..,
<br /> :,`�� Propeny w6ich may Attain priority over this Security Instrument, and leasehold payments or ground rents, if any. '
<br /> • Bonower shall pa�•hese obligalions in the menner provided in paragraph 2,or if not paid in thot mAnner,Horrower shall �
<br /> � pay them on time a.ratly to the person owod payment.Borcower shall promptly furnis h to L en der p l l no tices o f am a u n t s
<br /> —• - - ta t,e paid und�r thi=psrs�raph.if Sorrower malces these peymenlR�irecdy,Borrower shall QrompdY fumiih to Leeder 4� ;.r.-
<br /> ' , � rereipts evidencing the payments. `. �
<br /> Borrower shall promptly diech�rge any lien which has priority over this Srcurity Instroment unless Borrower(a)
<br /> a�rees in writinQ to the psyment oP the obligalion xcured by the lien in a manner acceptablc to Lender;(b)contes�s in�ood
<br /> faith the lien by.or dePenda against enforcement oP the lien in,legal procecdings which in the I.ender's opinion operate to
<br /> preveM the enPorcement of the lien or forfeiture oP any paR of the Praperty;or(c)secures from the holder of the lirn�n
<br /> s�rament ewtisfactory to Lender subordinating the lien to�his Secunty lnstrument.If Lende�determina that any part of , ,
<br /> the Praperty is subject to a lien which may stt�in priority over thic Security Instrument, L.ender may give Borrower a �
<br /> � ' notice identifying the lien.Borrower shall satisfy the lien or take one or more of the actian:set fonh abave within 10 daya •
<br /> oithe�iving of na�ice.
<br /> • S. Hwrd Insurance. Borrower shell keep the improvements now existing or herealter erected on the Property �
<br /> • � • insured against loss by firc,harsrds included within the term"eatended coverage"and pny other horards for which L.ender � ,:
<br /> requira insu�ance. This insurance shall be mnintained in the amounts and for the periods that Lender rcquires.The • � :
<br /> incurence carrier providing the insumnce shall be chosen by Borrower subject to L.cnder's approval which shall not be ,.
<br /> unn�sonablywithheld. � • "�,�
<br /> All inaurance policies and renewals shall be acceptabk to Lender and shell include a standerd mortgage clause. ` �.
<br /> ' Lender shall have the right to hold the policies and renewals.If Lender requires,Borrower shall promptly give to i.ender �
<br /> a11 receipts of paid premiums and renewal notices.In the event of loss, Borrower shall give prompt notice to the insurance �
<br /> carrier and Lender.Lender may make prooPof loss if not made promptly by Barrower. �
<br /> • Unless Lcnder and Borrowcr otherwise agree in writing,insurance proceeds shAll be npplied to restoration or rep�.ir � •
<br /> . '���;��,. . of'the Praperty dampged,if the ratorntion or repair is economicalty feasible and Lender's security is not lessened. If the ' ' .
<br /> �;;'.;.�,•.. restoration or repair is not economically feasible or I.ender's secunty would be lessened,the insurance proceeds shall be �
<br /> ;�;�;•::;' ' _• applied to the sums secured by this Security Instrument.whether or not theo due,with any eacas pafd to Borrower. If
<br /> , . Borrower ubandons the Property,or doa not answer within JO days a notice from Lender tha�the insurance carrier has � ��''
<br /> oflered to setQe a claim,then Lender may collect the insurance praceeds.L.ender may use the proceeds ro repair or resrore I
<br /> � . the Property or to pay sums secured by this Security Instrument,whether or nat then due.The JO-day periad will begin I '
<br /> �� • when the notice is given. �
<br /> � Unless I.ender and&►rrowcr o�henvise agree in writing,any upplication of pracceds to principal shall not eatend or �
<br /> postpone the due date of the montbly paymems referred to in puragraphs I and 2 or change the umount af the payments.If
<br /> under paragraph 19 the Property is acquired by Lender, Borrower's right tu any insurance policies and proceais resulting
<br /> , � from demage to the Propeny prior to the acquisition xhall pass to Lender to�he eztent of the sums secured by this Security
<br /> Instrument immedia�ely priar to the acquisition.
<br /> 6. Preservatlon and Mwintenance ot Property;I.eueholds. Borrower shall not Jestruy.Jamage or substanlially
<br /> change the Property.allow the ProFxrty to detenorate or commit waste. If this Security Instrument is on a Irasehold,
<br /> Borrower shall comply with the provi�inns of the lease.and if Borrower acquires fee title to the Property,the leasehold and
<br /> • fee titicshall not merge unless Lender ngrees to the mergerin wnting.
<br /> 7. Protection ot I.ender's Rights fn the Property: MortQage Inaurance. If Borrower fads to perform the
<br /> . covenants and agreements contained in this 5ecunty lnst rument,or there is a legal prcxeeding ihat may signiflcantly aflect
<br /> � Lender's rights in the Property(such as a praceedmg in bankruptcy,probate, for condemnanon or io eniorce iawe or
<br /> � , ' regulations),then Lender may do and pay for whatever is necessr�ry to protect the value of the Property and Lender's nghts
<br /> � � in the Propeny. Lende�'s actions may mclude pay�ng s►ny sums sec�red by a lien which has prionty over this Security
<br /> �•��`:�,;'`• ''� '�'. Instrument,a rin in court,pay�n reasonable attome s'kes and entenn nn the Pro rt�tn m�ke re airs.Althou h
<br /> ,:•.� ,,:�,;.,; _, pP� B B Y B P� Y P 6
<br /> � � � : ,• •, Q.endermaytake�cunnunderthisparagrapfi7,Lenderdrxsnoth�vetodose.
<br /> , :;� ; • ' �, ' Any amounts disbursed by Lender under this ps�ragraph 7 shall become addit�onal debt of Borrower secured by tfiis .
<br /> �. � • � .• , 5ecunty Insuume»t.Unless Borrower and Lender agrec to other terms of payment,these amounts shall bear imerest from
<br /> '•';r� � the date of disbursement at the Note rate and shall be payable, with interest, upon nntice from Lender to Borrower
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<br /> •' ;! : .`' , reqvesting paqrnena.
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