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<br /> , �,�,.;,�vi.,..,� UNIPORM�OVBNAN'!S. BO!l�011►lf�1d LCAdK OOMltl�fll U1d�f!!t �•-.*•`� c:-. -
<br /> � '���!��b� 1. P�f'�t ot P�bc!/d pi I�tr�sti I'n/y'�t vi laq Ciar/M. Borrower�half prompUY P�Y wlirn due �"' ��'.,,_`''-•--
<br /> � , � �,,,�i►�r,�..s;=i,F�, tbt princ�psl of�nd interat on the debt evidenced by the Note�ndanY prep�Ymant�ad I��e cha��a due under tha Nae. .•,:,:_.=---
<br /> • �'� ", : ;.. -� Borrowcrslull y
<br /> - ��_•r,�w� .. _. F�(or Tsuer a�i Isnra�c�. Subject to�ppllabk I�w or to�wriurn waiver by Lender, p�
<br /> ~:' >`'�•...-. � to L�ender oe the day monthlY paymenu ue due under the Note,unlil the NMe i�ptid io li�ll.�sum("Fund�")equ�l ta :��;T;;'„;.�� - . _.�_._
<br /> .,''''�:`K''��"� one.twelfth oi (a)Yearly t�xa�nd �eswments whicfi may au�in priarity over �hn Socurity Mstrumrnt:lb)Yearly , �• �r��
<br /> '., � ,.�......�_--_
<br /> ' '��1 ' •' ' k�e1wW p�yments or �round rents an the Pmpeny, if any; (c) ya�ly hwrd iniur�nca premiums; �nd Id)yearly _ _ _ , , .
<br /> . ;,�.�,., .",.w....�� . ,_
<br /> � ; ' - � � mortp�e insuanee premiums,if�ny.Tha�items are calkd"escrow i�em�."Leeder m�y alimue the Funds due on the 4,.,.,�a-..._.....
<br /> ; = ." � bacis etcurrst►t d�ta and roASOn�bfe estimstes af future escrow items. �. ����
<br /> � ^'° � �'' The Funds sh�ll be held in an inttitution the depoa�its or aaounta oi which��e insured or�upranteed by a federal or ,�, �...
<br /> � �/, �.....J:�,lwa�r.�rieti��..a+.'.
<br /> a1Mte sQency(includi�g Lender if I.ender is such an imtiwtion),Leader ahdl�pply the Fu�d��o pay the escrow itemc. � • --��°��Mi,-
<br /> '� �� . I.ender may not ch�rge for holdin�and�pplyin�the Fund�,�ndyzing the account or verifying�he escrow items,unless
<br /> '� • I.ender{wys Bottower ieterest on the Funds�nd applicable law pemuts Lender to m�ke such a ch��ge Borrower�nd
<br /> I.rnder may agree io writing that interest:iull be paid on the Funda. Unlesx�n Agrcement is made or applicable law •.
<br /> � � requira inter�t to be p�id,Lender shdl aot be required to pay Bottower any interest ur wrnings on the Funds. I.ender
<br />� ahsll give to BoROwer.without chuge,�n annual accounting of the Funds showing credits nnd debits to the Funds and the
<br /> purpose for which each debit to the Funak was made•The Funds�re pled�ed as additio�al secunty for the sums secured by ' ._:.:�,,.., ,,,
<br /> this Security Insuumcnt. . �
<br /> IP the amount o`!he Fuods held by i.ender.together with the NLturc aa�thly payments oi F'unds payable priar to ;� �.
<br /> � �- the due dates oP t1�e escmw items.shall eaceed the amount reqaird to pay the escrow items when de�e.the excas shall be. ` �,,�,r
<br /> � at Botrower's option.eitAer promptly repaid to Borro�ver or credited to Bonower on monthly payments d'Funds.if the '�
<br /> ' amount d'the Funds held by Lender is�ot su�cie�t to p�y the acmw items when due,Borrower shall pay to Lender aay � : =-=-
<br /> � : .;�=.-.-�
<br /> � • amount necessary to ie�ake up the deficiency in one or morc payments ag nequirsd by Lender. � --
<br /> Upon payment in full of all sums secured by this Security Instrumenl,Lender shall pramptly refund to BoROwar , , ,.
<br /> � any Funds heW by l.endcr•If undu puagnph 19 the P�operty is sold or s�rquired by Le.mder,Lender sluill apply,no later i
<br /> ' than immediately prior�o the sale of the Propeny or its�cquisiiion by Len�r,any Fuods held by Lender at the�ime of ; •
<br /> , • ,�`.��`.f,�,fi applicaaion as a credit against t4�sum:secured by t6is Secun�y Instrument. �, • . '
<br /> ' ;�••°� 3. Appllddion ot Paymeab. Unless Applicable Iaw provides otherwise,all Ppyments received by Lender u�der
<br /> � �`�'`i�S+'��'� paragraphs 1 and 2 shall be Applied:first.to late charges due under the Note;second,to prepayment charga due under the
<br /> c�• � � Note;third.to amounts payable under ps�ragraph 2;fourth.to i�terest due;and last,to principal due. '��'`�
<br /> ' " " • 4. C6uQa;i,iem. Borrower shdl pay all taxes.Assessments,ctwrga,fines and impositions attributoble to the � '.' �
<br /> � �' '� Property which may attain priority over this Socurity D�s�rument, and leasehold payments or ground rents. if any.
<br /> ��:;•ti:.
<br /> BoROwer shall pAy these obligations in the mAnner provided in p�ragraph 2,or if nol pa�d in that manner,Borrower s'ha11 j'
<br /> �� � pay them on lime directly to the person owed payment.Horrower shall promptly furnish to Lender all notices oi am�unts � ,
<br /> � � -- - to be paid��nd�r thie�+ngraQh. li Borrower ma{�a these paymmts diractly,Borrower shall promptly fumish to Lender �
<br /> . .1� t .}.•,i' ' ;r'���;.
<br /> , ���� �,'____� :r_s-= rcceiptsevidencingthepsyments. � �•.:' ,';'�:;' ;'�:;:?
<br /> • � �f� .!�'•`� '.•:.:�:�'.� .I Borcower ahall prompNy dischorge any lien which has priori�y ovcr this Security lnstrumenv u nless Borrower:(a) � ,,• ,� ',`,;��';�•"
<br /> .,',,:: � �:.�•„�,.. ,� •,v_
<br /> ! ��'•���• •�!E� . agrees in writing to the paym���t of the obligation secured by the lien in x manner acceptable to Lender,(b)contats in gaod � � .�•�.,.�•:�• :•
<br /> �'''''`� fsith the lien by,or defends against enforcement of the lien in, ]egal proceedin which in the Lender's opinion operate to ti
<br /> � `'i'•:i:''' � �
<br /> � , prevent the enforcement oP the lien or forfeiturc of any part of the Property;or(c)secures f�om the holder of the lien an �
<br /> ,•; . • agrament satisfactary to Lender subordinating the lien to tbis Secunty]nstrument.If I.ander determines that�ny pan of ��
<br /> i�';; � � the Property is aubject to a lirn which may attain priority over this Security Instrument, Lender may give Borrower a ;
<br /> ' notice identifying the lien.Borruwer shall satisfy the lien or take one or more of the actions set forth above within 10 days � .
<br /> . .. of the giving of no�ica �' ,
<br /> ',,yr � ' S. H�zard In�uraace. Borrower shall keep the improvemcnts now eaisting or hereafler erected on tlx Properly
<br /> irsured against Icns by fire,hazards included within the term"extended coverage"and any other hazards for which Lender
<br /> ` ;�� ' • requires insurance. This insurance shall be rranintained in the rmounts und for the periods that Leader requires. The �
<br /> • .. � insurance carrier providing�he insurance shal�be chosen by Bonower subject to Lender's approval which shall not be �
<br /> - ;:,,� • unreasonAblywithheld. �
<br /> ; r;. ,�� A11 insurance policies An�1 renewals shall be acceptpble to Lender and shall include a standard mongage clause. '
<br /> ,. Lender s#�a11 havt the right to hoid the policies and renewuls.1f Lender requires,Borrawer shall promptly give to Lender
<br /> . all receipts of�aid prcmiums and renewal notica.In the event of loss.Bonower shall give prompt notice to the insurance ,
<br /> i��• � carrier and Lender.I.ender may make proof of loss iPnot made promptly by Borrower.
<br /> . Unlas L.ender and Borrower otherwise agree in writing,insurance proceeds shall be applied to restoration or repair �
<br /> " of the Property damt�god,if the restoretion or rcpair is economically feasible and k.ender's secunty is not kssened,If the
<br /> restoration or�epair is not economically feasible or Lender's saunty would be lessened,the insurance proceeds s�hall be � .
<br /> �•• • applied to the sams secured by this Security lnstrument, whether or not then due.with any excess paid to Borrower.lf ,
<br /> , Borcower abandons the Property,or does not answer within 30ds�ys a notice from Lender that the insurance carrier has . , ,
<br /> �. : oSercd to sctUe a claim,then Lender may coqect the insurance proceeds. I.ender may use the proceeds to repair or restore
<br /> the Property or to pay sums secured by this S�curity Instrument. whether or not then due.The 30-day periad will begin , . .
<br /> when the notice is given. ' '
<br /> Unlas Lender and Borroue�otherwise agree in writing,any�pplicauon of proceeds to pnncipal shall not extend or
<br /> postpone the due daZZ of the monthly payments rekrred to in paragraphs 1 and 2 or change the amount of the payments.lf �
<br /> . � under 9arag�a�+4�iQ�he Propeny is acquired by Lender,Borrower's right to any insurance policies and praceeds resulting
<br /> � from damage to the Property prior to the acquisition shall pass lo Lender io the eatent of the sums secured by this Secunty
<br /> Instrumen�immediately prior to the acquisition.
<br /> 6. Preservation and Mointenonce ot Property;Lea�eholds. Borrower shnll not destroy,damuge or subs�antielly
<br /> , change Ihe Propeny, allow the Property to deteriorate or commit waste. If this Security Instrument is on a leasehold,
<br /> Borrower shall comply with the provisions of the lease,and if Borrower acqui�es fee title to the Pro{xrt y,the leasehold and
<br /> ke title shall not merge unless Lender agra•s to the merger m wrn�ng.
<br /> 7. Protection of Lender's Rtghta in the Property; :�lortgoge lnsurance. If &xrower fc►ils to perform the
<br /> covenants And agreements rontained in�his Secunry Instrument.or there is a lega) proceeding that may sign�ficantly affect
<br /> --�-•- �-- _ _.,____.: ..r. �i...,
<br /> Lender'c nghts m tne rrapeny �sucn as a prex:crii�ng u�i�an�iuNity, Fnwo.�...�� ..���.....�.�o..:,: o:��:......--.---`•�'
<br /> regulations),ihen Lend�r may do and pay far whntever�s necessary�o protect the value of�he Property and Lender s rights
<br /> in the Prope�oy. Lender's act�on4 may mclude paymg any sums xrured by a lien which hs►s pnonty a��er Ih�s Secunty
<br /> Instrument,a�ppearing in coun,paying reasnnnble uttorneys tees und entenng on the Prapeny to make repain. Although
<br /> Lender may takt action under this paragraph 7,Lender does not have to du su.
<br /> Any atnnunts disbursed by Lender under this paragraph 7 shall become addmonnl debt oP Borrower secured by this
<br /> Secun�y Instrument.Unless Borrower and Lender agra to other terms of payment,these amounts shull bear mterat from
<br /> the date of d'os�+ursement at the Note rate und shall be payable. with mterest, upon nonce from Lender tu Borrower
<br /> requeating payrnent.
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