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<br /> UN1F�IRM C(ri'fiNANI'ti li��rrow�er and l.ender a�venunt and agree uti fullu�►�: � �,,. 10 6 v�G�
<br /> 1. Ppymcnt of Principal�nd lnterest; Prepayment aAd[.ate ChArges. Hnrrow�cr.r�i�.i�promptly pa�• w•hrn due
<br /> the principnl af And interest an the debt evidenced by the Note nnd an}•prepay�ment and lute rhargcs due under the Note.
<br /> 2. Hunds!a�Texes ind 1nsa��nee. 5ub,ject to applicable luH•or to a wnt�en wnrver h��i.cncic�r.H��rruwer yhuii pu��
<br /> � t�[.cndcr an the day monthly pnyments are due undcr the Nate, until the Nc�tc i�pnid in fu{{,a�um ("Fui►d;')equal ta
<br /> one-twelf�h of: (a) yearty tuxes nnd ascessmcnis which may attuin priority orer tl�is Security� Insirument; (h) yearly
<br /> leasehold payments �r ground rents an the Praperty. if any; (c) yeurly hazard insurance premiums; nncl (d) yearly
<br /> murtgage insuranee pren�iums�if any.These items are ca{Ied"escrow items."Lender may ectimate the Funds due an the
<br /> basis of cur�eit data and reasanable estimatcs af futurr escrou items.
<br /> The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by A federal or
<br /> state agenay(including Lender if Lender is such an institution). I.ender shall apply the Funds ta pay the escrow items.
<br /> Lender inay�ot eharge far halding and applying the Funds,analyzing the account or verifying the escrow items,unless
<br /> Lcnder pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br /> Lender may agree in writing that interest shall be puid vn the Funds. Unless an agreement is made or applicable law
<br /> requires interest to be paid,Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br /> shall glve to Borrower.without charge,an annual accounting of the Funds showing credits and debits to the Funds and the
<br /> purpose for which each debit ta the Funds was made.The Funds are pl�edged as additional security for the sums secured by
<br /> this Security Instrument.
<br /> If the amouni of the Funds held by Lender.together with the future manthly payments of Funds payable prior ta
<br /> the due dates of the escrow items,shall eaceed the amount required to pay the escrow items when due,the excess shall be,
<br /> at Honower's option,either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. lf the
<br /> amount of the Funds held by Lender is not sufficient to pay the escrow items when due,Horrower shall pay to Lender nny
<br /> amount necessary to make up the deficiency in one or mare payments as required by Lender.
<br /> Upon payment in full of all sums secured by this Security Inslrument.Lender shall promptly resund to Borrower
<br /> any Funds held by Lender.It'under paragraph 19 the Propeny is sold or acquired by Lender.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 eF
<br /> application as a credit against the sums secured by this Security lnstrument.
<br /> 3. Application of Psyments. Unless applicable law p*ovides otherwise,all payments received by Lender under
<br /> paragsaphs 1 and 2 shal)be applied:first,to late charges due under the Note;second,ta prepayment charges due under the
<br /> Note;third,to amounts payable under paragraph 2;founh.to interest due;and last,to principal due.
<br /> 4. Chtuge�Liens. Bonower shall pay all taxes,assessments,charges,flnes and impositions attributable to the
<br /> Property which may attain priority.over this Security Instrument. and leasehold payments or groand rents, if anb.
<br /> 8onower shall pay these obligations in the manner provided in paragraph 2.or if not paid in tha3 mamier.Borrower shall . .
<br /> pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts .
<br /> to be paid under this paragraph. If Bonower makes these payments directly,Bonower shall promptly furnish to Lender :
<br /> receipu evidencing the payments. �
<br /> E::rus:�r�::�::,�r�:s:p:l;�'s�.whsrge�a;3i��:Lhi�h h��ti��r��yor�hi�cPr�.sily TnctrninPnt »n]PCC Anrrnwer:(al � :
<br /> �agrees in writing to the payment of the obligation secured by the lien in a manner acceptable ta Lender,(b)contests in good i `':
<br /> faith the lien by,or 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 Property;or(c)secures from the holder of the lien an _
<br /> agreement satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any part of -
<br /> the Property is subject to a lien which may attain priority over this Security lnstrument, Lender may give Bonower a
<br /> notice identifying the lien.Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days '--
<br /> of the giving of notice. `•
<br /> S. Ha�rd Insurance. Bonower shall keep the improvements now existing or hereafter erected on the Property s
<br /> insured against loss by fire,hazards included within the term"extended coverage'and any other hazards for which Lender �
<br /> requires insurance. This insurance shall be maintained in the ama�xnu and for the periads that Lender requires. The
<br /> � insurance carrier providing the insnrance shall be chosen by Borroa•er subject to Lender's approval which shall not Ere
<br /> unrrdsanably withheld.
<br /> A►�1 insurance policies and renewals shall be acceptable to Lender and shali include a standard mortgage clause. ` °'
<br /> Lender shall have the right to hold the policies and renewats. If Lendes requires.Bvnower shall promptly give to Lender
<br /> all toceipts of paid premiums and renewal notices.ln lhe event of loss.Borrower shall give prompt notice to the insurance �.
<br /> carrier and Lender.Lender may make proof Qf loss if not made promptIy by Borrower. '•a'-
<br /> Unless Lender and Boi•rower otherwise agree in writing,insurarce proceeds shall be applied to restoration or repair ;���
<br /> of the Property damaged,if'the restoration or repair is economically feasible and txnder's security is not fessened. 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 Secarity Instrument, whether or not then due. with any eacess paid to Honower. If
<br /> Bonower abandons the Property,or does not answer within 30 days a notice from Lender that the insurance carrier has
<br /> offered to settle a claim,then i.ender may collect the insurance proceeds.Lender may use the proceeds to repair or restore
<br /> the Property or to pay sums secured by this Security Instrument,whether or not then due. The 30-day period will begin
<br /> when the eotice is geven.
<br /> Unless Lender and Borrower otherwise agree in writing,any application of proceeds to principal shall not extend or
<br /> postpone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the payments.If
<br /> under paragaph 19 the Property is acquired by Lender,Borrower's right to any insurance policies and proceeds resulting
<br /> from damage to the Property prior to th�acquisition shall pass to Lender to the extent of the sums secured by this Security
<br /> Instrument immediately priar to the acquisition.
<br /> 6. Pireservatton and Matntenance oi Property;Lease6olds. Borrower shaU not destroy.damage or substantially
<br /> change the Property, allow the Property to deteriorate or commit waste. If this Security lnstrument is on a leasehold,
<br /> Bottower shall comply with the provisions of'the leuse.and if Borrower acquires�ee title to the Property,the leasehold and ._______
<br /> fee title shall not merge unless Lender agrees to the merger in writing. .
<br /> 7. Protection ot I.ender•s Rights in the Property; Mortgage Insurance. If Borrower fails to perform the
<br /> covenants and agreements contained in this Security Instrument,or there is a legal proceeding that may significantly affect � .
<br /> Lender's rights in the Property (sueh as a proreeding in bankruptcy. probate. for condemnation or to enforce laws or
<br /> regulations),then Lender may do and pay for whatever is necessary to protect the value of the Property and Lender's rights '
<br /> in the Property. Lender's actions may inelude paying any sums secured by a lien which has priority over this Secunty
<br /> L Instrutnent,appe�ring in court,paying reasonable attorneys'fees and entering on ihe Property to make rcpair�. Although Y
<br /> Lender may take action under this paragraph 7,Lender does not have to do so. �
<br /> Any amounts disbursed by Lender under this patagraph 7 shall become additional debt of Rorn�wer�erured by�th�s
<br /> Securi�y Instrument.UnlcKS Born�wer and Lender:�gree ta other terrns of payment,thrse ame•unt��hall hear intcretit from c�
<br /> the date of d�sbursement at the irinte rate and chali he payabie, with �ntere�t. up<m notice fn�m 1 euJri t�� lii�rr�wcr ��
<br /> requesting payment. f,�
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