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<br /> ,;,;,,;�,;;��� '�f�, UN�FOaM Cov�N�Nrs. Borrower�nd Lendc�covrn�nt and w�ree�s Pollows: •+� _
<br /> �.�:,. � 1. P�yMat oi PrlMCipal ud l�terati P�Y�u�aad Iate Cbar�s• Barrower • prom y
<br /> �'�`='='--'�=��^� � the princippl of'rnd intercat on thc debt ev1denced by the Note and�ny prep�yment aad I�te cbrQa due under iha Nota. � _ _ __
<br /> �'-��'���%+�� ' �. Fu�dt for T�xa�d l�wra�. SubJoct ro wppUcabio l�w or ta�wtitten waiver by L.endc�.Borcower shwll ps�y
<br /> "���'--"�""`"'''"�. to Lrnder on the day manthly payments are due under the Nae,until thG Note is p�id in full,A�um("Funds")eqwl to
<br /> — :`A.: anrtwdflh aP: (�) Yarly I�xes �nd wuasmeM� wMich m�y�ttoin priority over th�s Secur�ty lostrument: (b)Ya►rly
<br /> �—.� '" leuehold ps�yments or ground rents on the Praperty. iP any; (c) yearly haz��d insu�ance premiums; and (d) ye�rly �v�_=-.,�_,,____.:
<br /> •r'�'y�''''x�";��•��- mort��a insur�nce premiums,if�ny.Thesa items�re called"escrow items."Lender mwy es��mwte Ihe Pund�due on the =—
<br /> s_�"._�_ . bteis of current data and re�sonabk estimptes of Puture escrow ilems. - _ __
<br /> = The Funds shell bo held in m io�tiwtion Ihe deposits or accaunts of wbich arc insured ar guarunteed by u federal or _ __
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<br /> ., , . � sute a�ency(ineluding Lender iPLrnder ia such an institution). Lender shall apply the Funds to pay the escrow ftems.
<br />�r�ees : •":`d.' ' �
<br /> Lender may Rot charge for hoWfo,�and aVPh'�uB�F�,�Yz1rt�the account or verifying the c�s+crow itea�s,unkss
<br /> �' [,end�r p�x.Ys BbcGOwa iata+esc on the�unds au�fl appZia�bRe taw peraut��dc��o aaa�e swch a charge. �orirorec ar�d �;::��.�—r
<br /> `,'''-'. ';,. Q.eadea anstp agcs�e ecu is�v.�e a appPi�caf.+�'ls�s► _., '--� ..
<br /> 1' . iz�wri�tiag Qbr,�t interese s�btaLl be pa�i�d ae ei� �L:ds. �Jc�ss xn.agt� on.�he 1�n�1s.L�nder
<br /> ttiquires interest to be paid,Lmder shall not Ee reqairrd to pay Earrower xny i�rteresa or e�acexings .; , ___
<br /> � ,�-- r f- �+«!fi:i.-"': ��ns..
<br /> `,�, '�,r��;tf� , , �.;, ahall give to 8anowcr,wi�hout charge,ao annual accounting of the Funds showmg credits and debits to the Funds und the __ � '
<br /> '�.�� �'�f.,��'����}'l.n�r�`t;};�,. • .:".; purpose Por wh1ch each debit to the Funds was made.The�unds are pledged as addilional securiry for the suma seoured by
<br /> �:� ,�,�.:,',�: , thisSecuri[yinatrument. __
<br /> "' If the amount aP the Fund�held by i.ender,together with the Puture monthly paymcnts oi Funda payable prior to
<br /> ' ::..� ... ., the due dates of the escrow itema,shall caceed the amouot required to pay the escraw items when due.the excess shull be, a.�.--
<br /> at Borrower's aption,cithe�promptly repaid to Borrower or credited to�orrower an monthly paymern�of Funds. li thc �t,��.�,�y.�„�,.,_�
<br /> amount of the Funds held by Lender ie nat sufliciem to pAy the escrow itcma when due.�rrower�hall pay ta L.ender nny
<br /> � amount necessary to meke up 1ho deficiency in one or more�+ymeMs aa�equired hy I.ender. �_��•:
<br /> U�x►n�►nymeot in 1LII aP oll xums secured by this Secunty In�IrumeM,Lender xhull pmmplly rcfund to Dorrower ' .�
<br /> � , uny Funda held by l.cnder.If under�rp�raph 191he Praperty is+��ld cu acq��ircci by Lcndcr,l.cnder xhall upply,no luter � �' � �_.�_-
<br /> � Ihs�n immedivtely pri�►r�a Ihc+uik nP Ihe Prapetty or its acyuisition b>• I.cndcr,Lny I�unJs held by L.rnder at the tlme uf r, , � „�
<br /> ��o� ' �pplicaliun as�ctodil oQain�t the�um��ccured hy Ihis Secunty I n�lrumenl� u l l � memx recewed by l.eoder undet �y-'�� � �
<br /> 3. A p p 1 1 c�d a M o t P�y�e a t�. U n l e s�a p p l i c u b l e I r w p•rn i d e K�K h c n v�c e. P Y _:..,�
<br /> �r�graph*I pud 2 whrll hc wpplini;Onl.la la�e charges due under�he N�►�c:rcti�md,U+pre�+uyment ch�rges due un der t he ...�-r�M__�__
<br /> Nrne;lhi�d,tu pmnunlN�y�ble under ps�rngnph 2;fauhh,to intereat due;and Is���,�o pnni:ipa�due. , . ,�F;
<br /> ' ' 4. (:huaai la��• �►rrawer�hdl pay All taaa.ussessmente.rharge+.Hnes and impc►silions att�ibutoble ta the ...-•; . �:
<br /> Propeny which mry ellafn priarity.over thia Seaurity Instrumenb ond leasehnld puymentx or graund «nts, if c+ny. "
<br /> porrower xhall psy these abligAtion�.m thc manner provided in paragrnph 2,or iP not paid in that mAnaer,Borrawer shpll , ,
<br /> p�y them on time di�ectly�o the person owed payment.Borrower shall pramptly furnish ta lxnder all notices oPamounts ��
<br /> _ __ ��he raid under this paragraph.lf Borrower makes thae payments dircetly.Borrower ahall promptly furnish to Lmder �� '
<br /> receipuevidencingthepayments, ".'�.`�'• ,
<br /> Bortower shall promptly discharge any lien which has priority over this Security Inslrument unless Borrower:(a) : y q ;.
<br /> agrces in writing to the payment of the obligation sccured by the lien in a manner acceptable to Lender;(b)cantests in gaad ��4.�
<br /> Paith the lien by,or de fends aga inst en forcemen t o f t he l ieo i n,l e g a l p r o ceedin gs which in the Lender x opinion operale to ,t,�';•ti'•:�Ls_
<br /> . prevent the enPorcement of the lien or forfeiture of uny part aP the Propeny;or(c)secures irom the halder of the lien an ��;.. ,z,i�,
<br /> � agtament satisiactory to Lender subordinating the lien to this Security Instrument.If l.ender determines that any pan of ��4�:. :��
<br /> the Property is subject to a lien which may atlain priorily over this 5ecurity Instrument, Lender may give Horcower a ��,,,,�,-- � ..��,
<br /> notice identifying the lien.Borrower shall satisfy the lien or take one or mare of the uctions set forth abave within lOdays �
<br /> of the giving oPnotice, � �" �
<br /> � {�'. S. H�rd Iasurnace, Borrower shull keep the improvements now eaisting or hereaftcr erected an the Proptny .,.:.x:*,,,,�-�_•�
<br /> • .;�,s'..:�� insured against loss by fire,hazards includecl within the term"extended coverage"ond any other hazards ior whieh Lender .� ; ,.,.�L___
<br /> ; requires insurance. This insurance shall be maintained in the amounts und for the periods that 4ender requires. The • •�;,�,•
<br /> ' . insurance carrier providing the insuronce ahall be choscn by Eiarrower subject to Ixnde�s approva!which shall not be ;:"�;�;,�,.;.
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<br /> • ' unreasonably withheld. .
<br /> ' ' All insurnnce policies and renewats shall be acceptable to Lender and shall include a standard mohgAge clause. .
<br /> l.ender shall have the righl to hold tlie policies and renewals.If Lender requires,Borrower shall promptly give to Lender Y�. _;�
<br /> ' ell receipts of paid premiums t►nd renewnl notices.ln the event oPloss, Borrower shull give prompt notice to�he insurance � :�:--�
<br /> carrier and Lender.I.ender may make proaf oP Inss if not mnde pramptly by Borrower. �• , `
<br /> � f• ' • Unless l.eader and Borrower otherwise agree in writing,insurance proceeds shull be s►Pplied�o resloration or rc air
<br /> � t restoration or re air is economicu l ly f easibie nnd Lender's secunty ix not lessened.If ihc � �� ���:
<br /> , . af the Propeny dameged,iP the p .
<br /> �' •� �:••• ' restora�ian nr repair is uot economicully feasible ar l.ender's security would be lessened,the insurance proceeds shsll be ( , •.-..
<br /> •�`.�•� %� epplied to the sums cecured by�his Security Instrumenl,whether or not then due.with uny excess paid to Borrower.lf � �.. �,�
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<br /> Borrower nbandans Ihe Property,or does nm answer within 30 days a notice from Lender�hat the insurance carrier has , , .
<br /> i� �� •� ' oflered to setde a cluim,then Lender may collect the insurance pruceeds.Lender mny use t he procee ds to r e p e i r o r r a t o r e �
<br /> •''` '' �� � • ' the Property or to pay sums secured by�his Secunty Instrument,whether or not then due.The 30�day penod wiU begin �
<br /> '' when the natice is giveo.
<br /> � Unless[.ender und Hnrrowe�othenvise agree m writing,uny applicatiim af pmceeds ta pnncipal shall not extend or
<br /> postpone the due date oPthe munthly paymentti referred Io in px�ragruph�I and 2 or chnnge�he amount of the payments.lf 1
<br /> under parag�aph 19 the Properry ic acquired by Lender,Bormwer's right ta uny in�u�ance�x�liciec nnd proceeds resulting �
<br /> from damnge to the Praperty prior to the ncquisition�holl psu�to Lender tc��he rxtent of the tiums.erured by this Secunty
<br /> ` Ins�rument immedio�ely priar tatheucquisitinn. �
<br /> 6. Preservwtlon and Malntenancc ot 1'roperty;I,easeholds. florrow•cr�hall not destroy,damage or.ubstontiully :
<br /> change the Property, ullow�he 1'ruperty tu deteriixute��r commit w•r,te. If th�.5rcurny Instrument is an s► leasehnld,
<br /> Borrower shall cnmply wi�h thc prcwisiuns of�he Irusr.•rnd if Rorrc�w•cr aryu�r�w 1're nNe�c►the Properry,the leusehald and
<br /> fa tiUe ahell not mergc unles�I.enJer ugrers ro the merger i n w•nung.
<br /> 7. Protection of l.ender's RiRhts in fhe P�operty;11nrt�uptc Insurancc. If H��rrnwer fails ta perform the
<br /> covcnenls nnd ugreementc rontuined in thiti 5ctiunly Instrument.��r�hcre i.u IcKal pr�kerding thut muy�igm8ramly�aflert
<br /> --- .. _. . . . . _ . . ,:.._ :.. �._�._.._..... .....ti..�.. f.,r�•nndemnuuon cir�o enfuree law�ar
<br /> ti .. Lender's rights m tne rroFxn�•�sucn Ut u Fnucccuu�g io �.M��n�u�,�.;. �•........_. ... --
<br /> regulations),�hen I.ender may d��und pny fi�r whu�e�•er u necex�ar}�to pmt�t 1 thc��alue of thc Nropert y and 4ender'�nght�
<br /> E in the Property. Lender's actions muy include puying uny sum���wureJ hy a lien which hati pr�e�rit��o��er thi,5e�urny�
<br /> Instrument,ap�+earing in court,�aying reasonable urtorneys'fces und entero�g��n the Property w makr repairs.A I�hough
<br /> .� Lende�may take acuun under this paragraFh 7.Lender does nut hs+�•e t��da sa• ,
<br /> y ,�,y.•.?:;,I��! ��,�, .4ra�amounts disbur�e.i hy I.ender under this}�aragraph�shalt l+e�ome addu�ona!debt of E,�,�:mwer xez�arod hy thsx ,
<br /> r,,;,.� �;. .,�� :;; , .�;� Secunty Instrument.Unlews 8orrewer and Lender ug�e�tc oth�r cerm<;f p+a,rmrnt.cE�r�e ama�un;4+hall hrar i:;t:rese�irorn
<br /> '' "�'.� �'�,�7'�;.,;:y,.;;�.��,r',�, the date of disbursement ut the Nmr rate and ShaCi t+r �a}�ae+1e. �atF. ms�reti�. up+�ce a�u:� ::am Lender r, Nmrr,�xer
<br /> ' '""' re uestin ne�•er+e�t.
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