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<br /> � ` � � 102118
<br /> � • �. �� UNiFORM COV�NANTS Borrower�nd Lender covenant�nd agree�s fullows: when due �''`'1�_
<br /> �.� 1. p�ywit�t o/Prlpcipal asd laterati Pnp�ymeat�d I.ate CMrQes. &�r�ower�h�ll promptlY paY =___
<br /> • the princip�lof and intera�on Ihadebt evidenced by the Nate and any prep�yment and I�te chprga due under the Nate.
<br /> � �, Fwd�for Taca�ad lawraaa. Subject ta�pplicable I�w or ta a wn�ten wawer by Lender,BoROwer shall p+iy �--
<br /> ;� to l.ender an the day monthly payment�are due under the Nate,until the Nate is p��d m full,a sum l"Funds")equal to �.�'� —_v�4
<br /> �: ane•twelflh of: (�6 yarly t�xes and asse�sments w hic h m�y�t tain p n a n t y o v e r t h�s S e c u n ry I n:t r u m e m; l b) Y u►e�Y _�_____�_�y
<br /> " Idsehold p�ymenls or g�ound rents on the Propeny, if aoy; (�) YeArly huard ��sur��ce prem�um:; and !d) yearly �,,,,�,,,:--
<br />� . rj mortg��e in�urance premiums,if any.These items are callod"escraw items."Lender may es��mate the Fundt due on Ihe —_ _
<br /> � ; basis of cunent d�t��nd reasonwble estim*tes of future escraw items. � � _�_�'�'""'
<br /> :_:t:��:�,c.,
<br /> � The Fundi shdl be held in Aa institution t he deposits or accauats o f w h�c h A�e i n s u r e d a r g u p�anteed b y a feder�l ar ,.<�-y —
<br /> atate+�ency{including Lender if Lender ic such an institution). l.ender shall apply the Funds to p�y the escrow iiems. c+:;`;��_ _
<br /> g Lender may nat chr�g�for hdding and applying the Funds,ualyzing the accaunt or ve�fy�ag the escrow itemc,unlas �.�i�,�.-- _ __
<br /> � 1.ender pays Bonowe�intercst on the Funds And applic:abbe lRw pecm�ts Lender to mAkG such a charge. Bonower aod •�_��..,_ .�
<br /> l.e�er m�y agra in wriling tAat intercst shall ee ptid on the�unds. Un�ess an a$reement is made or applicAble law ",t=:-;.._:^
<br /> , �s '��.•;':�',.;:;•, ra`uira intercst to be psid,Lender shall not be recyuired to pay Borrower any mteresa or earnings on the Funds. L.ende� �' :';+t,�-`'�
<br /> �� ��� •"`'id�( shall�ive to 8orrower,wnthout charge.an annual accouming of the Funds sha�►mg credits and de6its to the Funds and the ,_,._ - __ _
<br /> ,�rs... � �_ --�
<br /> ..;��:; . purposeFor which esch debit to the Funds was mrde.'I'he Funds are pledaed as sddmonal securi�y for the sums secured by },,._•.; -
<br /> ',�1�e ' this Sxurity Ins�rument. � ,_ -_• —
<br /> • . If the amount of!he Fu�ds held by Lender,toðer with the future monlhlx p�yments of Funds payable prior to '� _
<br /> the due data of the acrow items,shall eaceed the amount required to pay the escroA•items when due,the excas shall be, � . „,:;��L
<br /> at Borrower's option,either promptly repaid to Horn►wer or credited►o Borrawer cm:r�nanthly payments of Funds.If the � -----
<br /> :��.`� ' amount of Ihe Funds held by Lender is not sufficient to pay the escrow items when dux,Bor�uwer sbpll pay to Lender any k •i,��
<br /> ' �r • �mount necasary to m�lce up the deficiency in one or more payments as Required b�•3.xnder. � _
<br /> I�'�' '�; � Upon payment in full of all sums secu�ed by this Securily Instrue��2nt.�.en8er sh�ll promptly refund to Borrowe� ,�:�'.�::;
<br /> ...�.. . .
<br /> �' # - �ny Funds held by I.ender.ISwnder paragraph 19 the Propeny is so.ld!nr ucquirxd by�.ender,Lender shall apply,no later ��,.
<br /> th�n immediately prior to v�e sa0e of the Prapeny or ias acquisitian by l.cndPr,any Funds held by I.ender at the time of I ,� _
<br /> �' ' application Rs a credit ag�i�a�i the�ums secured by thia Security lnsttument. �, �
<br /> 3. Appliatlon ot P'arya�eap. Unless�pplicabke law pravides othErwise.all paymcnts raeived by L.ender under , .�
<br /> ' � parsgrnphs 1 and 2 shWl be applied:8tst.to late charges dut under the Note;second,ta prepayment charga due under the ' `�i ,
<br /> � Notr,third,to amounts payabbe under psiragraph 2:Pourth,to interest due;and last,lo principal due. ,
<br /> __ _ ;___ � 4. �(.k,u, Rnnower s h a l l pay a U tan e s,a s s e s s m e n t s,c h a r g e s,f a n e s a n d i m p o s i t i o n s a ttribWa'bk to the � ,, .�,' �� i
<br /> .���., � PropeNy which may attain priority,over this Socuriiy Instnimrnt, and leasehnld paymen�s or gruund rei�ts. io any• �: �
<br /> ,i,
<br /> Borrower s6a11 p�y these obligations in the manner provided in parngraph 2.or i!'not paid�n that mpnncr,Borrower shall ��
<br /> ;i•' �'`:�, ` ; ,: pay than on ti�nc dirxtly to the person�•wTd paymrnt.Barrower sh�ll prampt)y furnish to I.ender all notices of amounts . �1
<br /> ,,, „ , ' ;;��.�� to be piid under this ps►ngraph.li Borrower makes thae paymems direcily,Aorrower shall promptly furnish to l.ender ; �.(;,•
<br /> �' s?:...1 receipts evidencing the p�ymmts. . .
<br /> � �;�,• �, Borrower shsll promptly discherge any lien which has prioritY over this Security Instrument unless Borrower:(a) : �
<br /> . ogras in writing to the p�yment of the obligation secureed by the lien in a manner accep t�ble to L.ender;(b)contaYS in good
<br /> fait'�the lien by,or defends against enforcement of the lien in,legal procadings whic'h in[he Lender's opinion operate to . �r'
<br /> • prevet�t the enforcement of the lien or forfeiture of any part of the Propeny:or(c)secures from the holder of the lien an ����
<br /> ,� �grexment acisiactory to Lender subordinating the lien to this Secunty i�strumen[.IP l.ender determines that any pan oP
<br /> t�e Property is subject to a lien which may attain pnority over this 5ecarity lnstrumeot, Lender may give BoYrower a �`
<br /> notice identifying ihe lien.Borrower shall satisfy the lien or take one or more of the actions set forth above w�thm 10 days �_
<br /> aithe pvingof notia. �`
<br /> g, Huard Inwnince. Borrower shall keep the impro�•emtuts now existing ot hereafter erected on the Propeny , �-�.`
<br />� ',; . `' insured ag�ingt loss by fire,h�fds included within the term"eatended coverage"aad any other hAZards for which Lender ,
<br /> i � ,. requires in�uTance.This in�urance shai7 be maintained in the amounts a�d for the pericxls that l.ender requ�res. The `��' -`.,�.,_
<br /> ia�suranct cerrier prov�d��g�fie insurance shall be chosen by Borrower�ub�ect to Lendet's Approval which shall not be • �,r��_
<br /> . unreasonably withhrld. �
<br />� ' All insarance politia and renewals shall be acceptable to Lender and sfiall include a slandard mortgage clause. . • �i
<br /> � • Lender ahdl ihave the�ght to hold the policies and renewals.If Lender requires,Barrower shall promptly give to Lender �,;; , . �
<br /> :'' '�`� all receipta of paid premiums and renewad notica.In the event of'Irs�, iionower shall g�ve prompt notrce to the insurance . 1,�.; �,,f,�
<br /> •
<br /> ' • '"••�' •'� � csrrier and Lender.Lender may m�ke praaf of loss if not made prampt ly by Borrower. ,.'�1., ,:,��� '�:
<br /> ,'t'y,,�, ,.,, ,
<br /> .:+ Llnless I.ender and 18orrower otherwise agree in wntmg,in�urance prcreeds shall be appliM lo resmra�ion or repair ,.ii��•; ��„
<br /> , �''�� •' � ' of the Property damaged,ii'�Aae restonuon or repair is eronom�caUy t'tasiblc anc�Ler:der's ucunty is no�lessened.If the
<br /> e :•
<br /> restoation or repair is not economica�Jy tea+ible or Lender's security would be lessened, the insurance procesds shall be , '�
<br /> � applied to the sums secured by th�s Securi�y lnstrument,whether or nnt thrn due,w��h any excess paid to 8orrower. If , __
<br /> Borrower obandona the Propeny,or dres not answer vrithin?0 da}•s a nauce from Lender that the�nsurance carner has i►_
<br /> ; •;"'`� ' olkrcd to setde a claim,t?+ea Lender ma�collect the msuT�nce�+roreeds. Lend�r map use the proceeds to repa�r or restorc �
<br /> �`''•� q7tt Propeny or to pay sums wecured by this Securny �nsnPament,vahether or n�,i th=r�due.The 30-day penod will beBin
<br /> '��: . ,
<br /> ',l',;�•� w�the notia is grven. �
<br /> ' Unkss Lender and Borrowe�othecr�ase agra�n wntmg,any�applicaaon ot'pr�ceds to pnncipal shall not extend or , t':
<br /> � 1 postpone�he dut da�e uf�hemonthl}pa?.r.:�r.:�referrr�tr m para�r�arh+ I and�or rfian¢e tl�t amnunt af the paymrnts.If r�
<br /> ' , 1�'; � undetparogr�ph 1Q the Propeny is acquved My l.endtr.&�rrower'.nRht t.�ar.� �n.uraa�r��Lt:.�ant!pmceeds re�ulung .-
<br /> `� �� from dam�ge to the Prepeny pnor to�he vcqwsu�on i��a�:rass t��I.ender t<�th�et�rnt nf the�um+5erureat h�rh�+Secanty �.
<br /> Ins�rumen��mmcdiately pnor ro the acyuismon ,� _
<br /> ; 6, praerv�tion and Aidntenance ot Prope�:i,easeholds. Hurrawer�h:+ll nat deslmy�,dumage��r s::t+stantially
<br /> change the Property, allow the Property to de�enorate or cnmmu watite If th�+Secunt� In�troment �s on a leasehold,
<br /> .r.�_�__._ _...a.r n,..,•..u.�.a�.����rr.ree ntle�o the Prooert)�,the leasehold and
<br /> � Borrorvetsnaiicompiywnn�ncpru��+�o���.���n�.�o,............._..- -.--� �
<br /> , � fa Utk shall not merge unlas Lender agrees t��the merRer in w roung
<br /> � ' 7. Prolection of i.ender's RiRhts in the Pro�en�: �tonanRe Insur�nce. If Bc�rrow•er fa�4s c�� �erfurm �he
<br /> A
<br /> j ' caven�aband ag�amrnts contamed�n th�ti Secuntc ln�erumenr,or�here�+a leg�l prcxeedmg thu rte�y tagrt:oCU:antly aRect
<br /> •• � I.ee�dec"s nghts�n the Propeny Isuch ati a proceed�sg in ham4�rupt.y.prc�bate fnr condens�oatu�n c+r ro enlorce law�ar
<br /> � re�u,ttnceiru►,then Lendcr may do and pay for whate��er is naecwrp rn�mte�r rhe�alue of rhe Pro�erty�nd Lendei ti n�hts
<br /> L
<br /> ? in tFte Property l.ender's act�ans may �nclude p�ying an}sums ca:ured hy a lien a�h�th fiss prronc� o��er th��5ctunty
<br /> � Inftrummt.appeanng�n court.pa)�mg reascmoblr at�orneys'feeti and cntenn���n the Propeny �o make repa�n Although
<br /> L.ender m�y talce achon under this pangraph 7.Lender dc►e�nut ha�e to do�u
<br /> Any amounts disbuned h�Lender under th��paregraph��hall betc.me�Jduianal deM uf Bi�rrower�ecured b>this
<br /> the date of disbursement�tethe :`�te�ra�tc.:�nde�hall he payahla��h f n erc�tnu��n nameuRonhLenAer nle�, r�wer
<br /> � ' request�ng paymenl.
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