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<br /> , ... 91_ io��ro� �=�__- --
<br /> � �'� Itl"•RECOROED � 91-- 10237�1
<br /> Th� Fund��IW b�hMd in�i'In�qwtlon tM d�Potlts a aocounts of wMoh�n Inw►�d or q�w'�ntMd bY w f�d�t�l a sht��pw�cy
<br /> : ' (tnd�cinY L�nd�r M Unda I�wch�n InstltuYonl. 1.���►ahY appy tM Fw�ds a WY th��K�. � may not oh�rp� for
<br /> ' . , hpldny�nd�pplyY�q Ih�Fundt.�ray�tM�wcount a wrMYYW ttw ocatow qaris. unN�s Undw P�9�Bortar�r Int�t an Ih�fund� �_ -._ _ --- __._
<br /> �nd�ppk,�bN N�w p�nNb L«d�to m�k�such�ciwq.A chap��ssKt�d b'Y L�ndw In conn�oWn wkh Bortcw�s mtKiny fnto thb --
<br /> iKVlc�shlr not MI �Cfwp�1or purposM Of Ih�pr�erdin�f�nlsnG.
<br /> � $�w�ity InstnN11M11 t0 pay 1!N t0it o!IY1 hdlpM►d�nt taA fK10�t1f10 rr �-�c
<br /> � Bortowa and l.«1dlt 1n�y II�M In nAltlny lhtl klleresl sIW b� pNd on M�FIM1d�. Unlw�Iln�prMn11n1 li m�d� or �ppOC�bM�+ �Q'',:i;:. '°-
<br /> �hal not W rpuMrod to pry BoRCwa�arry Nt�rat or Mminys on Ih�Funds. lendK shW 9h'�to
<br /> requiro�htrMt to b�P�W. L�ndM s�lor whbh�acrt .':
<br /> Bortoww� wilhoul ohRrp�.an�nnu�l�coaintlr►p af ih�Fw�ds showYip a�dip wnd d�bk�to th�Funds�nd tM pu�Po --
<br /> d�bit to Ihe Funcb wNS m�d�. fhe Fw�ds�ro P��+�addNlond aecudsy ta lhe aun+a seaind by thfs S�c�rltY IntWrt�ant. .�-d-�-�-•-_--_
<br /> �--,
<br /> ts o1 Funds WY�bM P+�to th�du�daus o1 .,.�`ty�'s:t�,��':�_--_
<br /> fl ih��mant at th�Fwxk hNd by L«n1K.tt+q�lhw wNh th�NWn montAN WY� � r{, .x. .ra,.,�.---
<br /> :. � the eaaow qans.shW aoMd th��mount nqulred to pay th�aaow Nem� wtwi dw, ths aass sh�1 be,�t Qarowdl aPrion. eqhK `t;,,•.�r.,•;:._
<br /> . . " � promPUY�ep�d to Barow�r or a�dited ta 8ortower on monthy P+rymw�b of Funds. tl tM �+nount of the Funda hetd by l.ender Is not • '.,f , r�t 3� ���,��`4���-
<br /> ' ,� � aullident to th�eaao�w Uems when du�, 6ortower stW p�y to L�nbr�wy u�w�nt n�eawY to m�ke up the dofldenoy h anv or ' t�pnuv��kxia"t '
<br /> w �
<br /> �;::;i�,�.':,•` aY . -�'s,,,�ii� .,:
<br /> •:;�;;:`;,i:�.;� more paymeMe a�nquind by Lender. ''"'„ ,,
<br /> � ��.`:i: ��':� UP�PoY�t M tur o1 d sums secund by thls 3acu►kY InsUument, Lander�h��promptly roluad to Bonoww any Funda hdd by — ,
<br /> `''" ' Lender.H under panpniph 19 the Rropaty i�sold a�cquY'ed by UncNr, Lend�r sf�M appy. no�ta tha►6nmecli�teN Prfo+�o the eak
<br /> tlorl u a aedil�Qalnit tha sunq i�ou►ad �`` �'�=�a'�`- -:`-.±
<br /> 01 the Propaty or ft� �aqufslUon by l.enda, �ny Funds hNd by 4a�d�tl th�fM�e W�ppMa °_�-�;t^_-.�—�
<br /> by thb 8eawity InsUum�nt. �,.n�'� """�i1�a',�
<br /> ' . t� roodv�d b UndM unMr pa�y�h�t ��` '�G�+:',A
<br /> 3.APPLIOATION OF PAVM8NT3. Ue�less �ppYonbN 1�vv Provld�e°th�^vM�. d WY^10^ �.��Ih� Not�; Ihkd.to�mouot� � _
<br /> md 2�ha�M�PP�: Arat�to I�t�ahupes du�unda Ih�Notr, acond.to pnW1m�^ clw0h ;. -,n�Jr;�iw•
<br /> h 2:IouAh.to int�ntl dur,�nd I��t,lo prindpal dw. r -- --.
<br /> WY�bN under par�ynp ' .
<br /> 4. CHAR(lEB;LtENB.BortowM�11�N p�y�N t�a. usNSmint�. cltatpN. �n�s�nd Impo�Nlon��tUibut�W�to Ih� Propwty whleh .�_
<br /> ' m�y Nuk� Prb►�N ovw this S�oudly in�trum�nl� �nd IN��hold MY�b a pound nnit� 11�ny. Boftow�t�haY pa►r Ihq� obYpolon�In ' .
<br /> � Ih�m�nn�r provkNd In pu�qr�ph 2� or N nW pdd M1 ihd tn�nn�r.Bonoww shal p�Y thwn on tkm dlrocaY lo ih� pM'ton ow�d p�ymmt. � . __ _
<br /> � BonowK �hd promplN lumbh to Ihe Undv�A nolks�01 amounif to b�pald undw thl+ W►�O►�Ph. II Bartow�r m�ica iha�p�ymen�s ';�J•��
<br /> dir�elN,Batow�r�hrN prompW lumish lo L�nder rea�ipt�wW�nainp th�Wy�is. � .i:,'.•.
<br /> BortawN�hd promPlly dlsah�r4e�ny Ikn whloh h��ptlo�itY ovw 1111s 8ra�rlty InIlnmNnt unles�Bortowar. (�) �prees M wtUhp to i . ;�F
<br /> ; 1h� p�ym�nt o1 ths oWlpdion secured by tha Ilan In� nnn�er�ce�pl�bk lo L�nder; (b) conlats In qood I�flh ths qen by, or defends � :LL-
<br /> a p�iml anloraement oi Ihs Ilon In. IapN prooeedk�q�wh�h In Ihe Lendar's opinlon operate to provent the anloro«nenl 01 the Ilen or � ;f°:__F_y�
<br /> lorieitun ol�ny paR o11h�Propeitl. or(a)eecurar Irom th�hotder oi Ih�U�n �n aRermeet s�tl�l�ct°ry to Len der a u b o r d i n�1 i n p tho Yen ' �.,;,,�
<br /> to thit 3earity Inswm�nt. If Lender dete�mines thtl any part ot the PropMy Is�ubjeot to i Iien wh�h m�y�ttdn Pdalty ove► this . '
<br /> 3ecuriry In�irumenb Lender mry qlva Borrower a notica IdenUlyMq Ihe Wn. 8arow�►�h�ll adisly tM pen or t�k�oee or moro o1 tho i, .i�ti;��e�
<br /> �ndon�s�l fath�bova Nrihln 10 cMys d tFM gh4nq of noUcs. ` '�y`I�°'-
<br /> )tir� .
<br /> Ff16Uf@d�Qilllfl t.;t�,�,
<br /> � 5. i-IhZARD iNSi1RA'�"'v'�. 3...:..:.:T wR��c..�ep tfie hn�rov�nents now e�bling or hereMer ereeled on Ihe Property .�y.t•.�•�±-
<br /> loss by fire. huerds Mwiuded wdAin 1he term "extended coranpe" mc1 ang other Tha In urmce�c�rtie�r p ovlding Ih Inwruiae ahall ":;:�';;���`��;
<br /> insupnoe ehW De m�kitaiNd In tAe�mounis and tor the padods thid lwida reVUtiaes• , �5,,• :�_ w�'
<br /> 'l",p�
<br /> Co chosen by 8or►ower aubJact to Lender's aTproval whieh shW not be unrw►sawbh w�hhe�d. • •.;'.•° ;�
<br /> JW Ineuwnce poNda�nd nnew�ls shwp ba eccept�ble to the Ld�der�nd shaL incklde a sl�ndud moAgape elauee. Lender shdl '
<br /> �;��`" ,:it�
<br /> ' � hava tM ripht to hold the poYciaa�nd renawals. fi lender requkee, Bortower�haU pcomp�lr 9W8 to Lender all receipta of p�ld ptemluma � ..•s . ':�I;t
<br /> � ''�' $ md renawal notice�.In lhe w�nt ol baa, BortowPr�hall qive prompt noUce lo th�Insun�noa cacAar and(.e�der. Lender rt�y mdca prool ; f�•
<br /> �..'�� „'� t
<br /> ..;�,',►;?�' ,,' 01 bsf H not rwde prompty by Sortower. . `
<br /> U�la�s Lender end Bortawcr olhenvlse epree In wdting, insuronce praceeds ehaA be appMed lo reslamtfon or repalr o1 the Property � '�'
<br /> • ,�+f�1�� , dprn�qed, N the reetowqon or repair Is econarnketly leaaible and I.ender'a security ia not iessened. II ihe reatoratlon or repak is not i . : . � �
<br /> '� !�� ", '' I economleaNy ieaslbk or Lende►b secudly would be leseened, the Inaurance proeeeds sha!I be a�D�d to the suma secured by Ihis �� �,,�.,;
<br /> � `�' ��� Securlry Insirurnenl.whether or not than due, wfih any excess poid to Bortower. 11 Bortower abanaons the Properiy, a does not answer ,
<br /> ,.��.f;i!��.1�, wNhin 30 d�ya e notloe hom lender ihat the Inaurance cartier hes oqQred lo aettle a cl�im. Ihe�n lender rnaY aollect the Inaurance '�'��',• �`
<br /> �`.���'�`��;;'';;!i"�t;� proceeda. Lender m�y use the proeeede to repalr or re�tcre lhe Froperry or to pay eums sewr�d by thb Securly Inalrument,whethw or �;.1
<br /> • ; „ '.;. . not tAen due. The 30-d�y period wip begin when the notice Ia qiven, ,�:�.`':'�.ti
<br /> ���'�..,,r: . ,
<br /> •� � .��!� � Unless Landv�nd Bonower otherwiee egree In writlnq,�ny�ppYatlon ol proceeds to pdnupal s!haN not exlend or poatpone the :.,,,,�._ .
<br /> '���� ' due dNe o1 the monthly p�ymenta ralerted to In p�raynph 1 and 2 a change tha amounl ol Ihe p�y�+�enta. 11 under paraqraph 19 ihe ,...�'
<br /> ../ , ; ,�
<br /> Propaty Is�equlred by Lender.Bortowe►'a righi to�ny Inauronce polides aTd Droceeda reaullhy trom clamege to the PropeAy prb►lo the .�;;'.�,
<br /> :%�•`�'1�j• •.,�� { �cquleUlon eb�Y p�ss to Lender to the exlenl of the auma aecured by thb Seeurily Instrument irn�nediatey prlor lo ihe�cqulalUon. � ,
<br /> ti� '���'� •' I 8. PRESERVATION AND MAINTENANCE OF PROPERTY: LEASEHOLDS.Bortower sh�a not deatrpy,damaye or subalanUally ch�nye :
<br /> �f.:������,•,'1��;(;r. Ihe WopeAy,apow the Property to deteriorete or commlt weste. I11hla 3ecurlty Inatrumenl Is on e leasendd. Bortower sh�ll comp�Y wfth , ,
<br /> � ' � '•� � Ihe provlabns ot the lease,and Y Borrowar acquires(ee tllle to the PropeAy,the teoQehold and lee tBle shap not mar9e untw�the Lender ,�r��:
<br /> ;,.
<br /> � �.:�;,',!'��.. agreet to the merqer In wrltNiq. . •
<br /> . ����5'..�.. • � ' _
<br /> ��;,::�•''�r 7. PROTECTION OF LENDER'3 RIQHT3 IND THE PROPERTY; MORTOAOE INSURANCE. If Bortower taila to perlortn Ihe covenants
<br /> ':�;,� � •'�'';"' and apreements cantalned In thla Secudly Inatrument, or there is a legal proceeding thet may slgnl(IceMty aflecl the Lenders right In tho �
<br /> � ' � � Propeity (auch ee n proceedlnp In bsnkruptcy. probate,tor condemnaQon or to enlorce lawa or reyutationa►,then Lender mey do and pay
<br /> � ' � ' lor wh�tever is neceae�ry to p►otect the value ot lhe Properry end Lender's rigMa In the Property. Lendera �ctlona m�y Include peying
<br /> � '1�,� � � eny sums aecured by a pen whlch has pdority over thls Securtty Instn�ment, eppea�ing In couA, paynn9 reaaonsble ettomeya'leec and
<br /> entering on lhe Property to meke repai►s. Although Lender may teke actlar� untle* D�ra9raDh 7, Lender does no1 have to do eo.
<br /> I
<br /> My�mounta dleburoed by Lender under parayreph 7 ahaN become aCdillonal debt cf Bonower secured by thla 3ecurily Inatrument.
<br /> Unleec Borrower and Lender epree to othar terms of paymenl. Iheae amaunte ahall bear intereat hom dale ol dlWun�menl �t th�Nole
<br /> nte and eh�ll be payable.upon notice hom Lender to BoROwer iequeating peymeM•
<br /> It Lender requked mortgege Inaurence as a conditlon ol making the loen secured by the Securiry Inslrumenl.Barowar shaM pay Ihu
<br /> premluma requlied to malntdn the Inaurence in eftacl until such tlme es the requirement for Ihe Insurence terminYles m eccordence wllh
<br /> Bortower'a�nd Lender's w►ftten eqreernert or c+ppllcable law.
<br /> � 8. INSPECTION. Lender or Ns agent mey make rcasonablo entNee upon end Inspectbna ol the PropeAy. Lender ehall qive Borrower
<br /> netica al ihe Ume of or Oda to�n Inspectlon sPecdying reasonable cauee lor Ihe inspectlon.
<br /> i
<br /> ' 9. CONOEMNATION. The proceeds of any award or alalm for dar�egea, ducct or consequentNl, in connaciian wiin���y
<br /> ' condemnatbn or olher teklny ot eny part ol the Property. or lor conveyance N�leo ol candemnatlon, ere hereby aaelqned �nd shdl be
<br /> 1 pefd lo Lender.
<br /> � In the event ot a total taking of Ihe Property, the proceeds ahaY be applied 10 the suma secured by thls Securily Matrumenl,
<br /> . , � whe��er or not then due.wilh any eKCOSS pald to Bortowor. In Ihe evenl of a PaAla� taking ot lhe Property,unbas Borcower and lender
<br /> %�•'• othe�wlae agree in writing, the a�►ms secured by thls Security Inatnimenl shaY be reduced by the amount of the proceede muNlplled by
<br /> • I the tollowing Iractlon: (a)the lotal amccnt u1 sums secured Imm�di�tNyv bebre the taking, divlded by (b) the fair merket value o11he
<br /> � Property immed�ately b�fore the takinq. Any Ca�ance shacl be paid to Bortowec
<br /> �' •• . ; 11 Ihe Property Is abandoned by Bonower, or d. after noUce b�)Lender to 8ortower thel Ihe condemnor oflers lo make an award o�
<br /> . ' vapc Y ot� _
<br /> ��079.1M(�?/901 '
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