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<br /> �1- 102437
<br /> ' '' �� . UNIFnRM Cc1VF.NANTS Borrower and l.ender caven�nt and apra s�s fallnws:
<br /> � whcn due
<br /> 1. Pa�naeat ot IMMCIpRI�nd Iateretti PnpYuK�t wd I.ate CMs�a• Hc►rr�we�chall pramptly paY
<br /> i the principel ofand inter�t on�he debt evidenced by the Note ond Any prcpayment and I�te chur�rs due under the Nate. ,�
<br /> 2. Fwis�or Tuw�d I�wn�et. S�b1ec��o aPP��c�ble I�w ar lo A wrltten waiver by l,endcr,Barrawer shall pay
<br /> ��:�� M!K'• � tu l.ender on �he day monthly p�yments are due uadcr the Nate,until the Nou is paid in full.a sum 1"Funds")equal to
<br /> ..A.�,. �••,.n,
<br /> , ,, •F„o onrtwelfth oL•(n) yearly tu�e�and wssessmems which may �ttain pnarily aver this Securi�y Instrument; (b) yearly
<br /> ; � w.�t.�y�,y, . �.. lasehold poyments or ground �co�s on the Pu�perty, iP Any; (c) yearly h�:�rd in�uroncc premiumr; and Idl ye�rly
<br /> �,.. ,� ,.z ti,����� , mon���a insurance premiums.iP Any.These items are callod"escraw items. I.ender mwy esl�ma�e thc Funds duc on the
<br /> basis af currem data and�essonable estim�tea of fut ure escn�w ilems. "
<br /> � "'�`'�i� �J The Funds shall be held in an�nstllution Ihe depmua�r Acn+wu+uf which ure�mu�ed��r auar�nteed by a federal nr �-.---_ _.�___
<br /> ' " sl�te AQency/includinQ L.ender if Lender is such an institution). Lender+�hall upply �he Fu�ds to{+uy the e4rraw items. i _ _
<br /> ',�,� '" • ` I.ender may nat cha�ge fon c�ildin�and applying the Funds,�n�lyzing the account ar�•ehfying the escmw items.uniess F�-",,°�-_�_� _
<br />�:,•; , l.ende�pAya Hnrrowe�imerest on the Funds And applicable I�w permi�a 4ender to muke cuch a churge. Bonowe�a�d — —
<br /> P�-: ,. , Lender mwy agree in writing thwl inierest 4ha11 be pa�d on the Funds. Unlas s�n ugreement is mwde or appNcablc law �.,,,.T.___,__
<br /> "„ � ' ' rcquires i�te�at to be paid,l.ender shall not he rcquircd to pay 8arrawer uny inte�est��r carnings on the Funds. I.ende� �,�_
<br />�':`:
<br /> ;�.:• ,.. • shall givc ta Borcower,W�ithout charge,an annual uccaunting oPthe Funds chowing crcdits und debits�o thc Funds and the ` _ _
<br /> --u. purp►se for which each debi��o the Fuods wns moda The Funda are pledged ns additianrl xecun�y Por the sumc secured by �N _., -_—
<br /> � ' � thisSecurity laatrument. ' �= �
<br /> �,r• IPtl�e amouot of Ihe Funds held by Lcnder.together with the Puwrc monthly pAyments of Funds payablc priar�o �,��'�. ,,�,"`�`��-�--�--__
<br /> ;..,,�_`.. " ' tde due dates of the escrow ilems,shall exceed the umaua�requircd to pay the escraw items when due,the excess shpll be, t r,�a�""'�""
<br />� '; c• � �- �y "" � � at Borrowei s option,either promptly repaicf to Borrower or crediteJ lo Burrowrr on manthly payments of Fund�•1P the
<br /> ' ;..� ' �-..iti . �:,;�'.�,.�--__---
<br /> a m o u�t o i'1 h e F u�s R e l d b y I.e n d e r i s n a t s u f�icient to p a y the escrow items when due,Banower shall{+ay ta l.ende�ony .,,?=:��---� -
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<br /> �` ' �'nn .. �unouat ner.�st�ry to t�ake up the deficiencX in one or morc paymcnts as required by l.en der. �"" __
<br /> : , . Upon payment in iidl of all sums secueed by this Security Instrument,l.ender shall promptly refund to Hc�rruwer
<br /> any Funds held by I.ender.IP under pangraph 19 the Propeny is sold or acquired by l.ender,Lender shall upply,no Ipter �.�� � ;�: �,_
<br /> ,�, c � thaa immediately pnior to the sal��*`the Propeny or i�s acquisition hy Lender,any Funds held by i.ender ut the time aP
<br /> ' . � applicatian As�credit against thr sa�ms secund by�this Secunty Instrument.
<br /> , � 3. Applicadan ot P�ymeats. Untess applicable la�w p!ovides otl+�ervvise.all payments received by Lender under
<br /> �•;�� • paragrnphs 1 and 2 shall be applied:first,to late charges due under the Nae;$econd,to prepayment churges due under the
<br /> Note;third,toamounts payablc under paragraph 2;faunh,tointercst due;and lasb to principal due.
<br /> ' 4, C6�Qes;IJens. Borrower shall pay all taxes,as�c�s.cmcnts,charges, flnes and impositions attnbutable to the _ _._
<br /> +u _ property which may attain priority.over thisSecurity Ins�rument.and lesuehold payments ar ground rents, if any. �"`�•r��: _
<br /> ' ' � • Borrower shall pay these obligations in�he manner provided in parngruph 2,or if nat paid in thut manner.Borrower shall +
<br /> � ,;;��,;:� � pay them on lime directly to the persan owed payment.Bonowe�shall promptly furnish to Lender all notices of amounts A: �-'-���
<br /> � '':;;� : _ to be paid under Ihis paragrapb.IP Horrower makes these�ymenta direcQy,Narrower shall prompt�y furnish to Lender
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<br /> �;•, receipts evidencing the payments.
<br /> �.. Bo�rower sha11 prompt{v slis:harge any lien which�hns�riority over this 5ecueit�• Inxtrument unless Horrowrr:fa)
<br /> • ��;•,. K,�,., agrees in writing to the payment ni ti��obligation securcd bc t'he lien in a manner accepta�+M�to Lender;(b)contests in g+wd -�i��u---. _
<br /> � `'i�'��� � fAith the lien by.��r cY��ends ngaingt enforcement�ithe lien in,Oegal prM��ralin�s which in the Lender's opinion aperote to `` ' -�`;�.,�.-
<br /> ��-.���
<br /> .�l�t� ;;:� prevent the enf+arz�rnent af the lien or Porfeitwre a.f any pan of the Propra�c}:.�r(c)secures Pram the holder of the lien an _�
<br /> � "•'`'� � ' agacxmem satisfactory to Lender subordinating the lien to thix Security Instrument.If I.ender determines that any�+an oi' �C#�:� -
<br /> • .i+ , the Propeny is subject to p lien which may s�t�ein priority ovr.r this Security Instrument,Lender may give Borraw�er n =__s''_-=""-`�„�`�,�
<br /> , --;.�;,�..
<br /> • '; � ' � notice identifying the lien.Borrower shull satisfy t he lien or take one or more of the uctinns cet forth above within 10 da}s t.�, .�`'�''.'
<br /> „ of the giving of notice. • ��~ - ---
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<br /> � ' S. H�rd Insuntnce. Borrower shull keep the impravements nuw raisting or hereaBer erected an the Property s�,^
<br /> ' insured against loss by fire,hazards included vvithi n the term"eatended coveruge"and any other hnzards for which Lender . :,F},;+:�:
<br /> � • � � requires insurance. This insurance sball 6e maintuined in the amounts und for the periods thut Lender requires. The :''"'�';-;�
<br /> � '" �� insurance carrier providing the inst�rance shall he chosen by Borrower subject to LendePs�pproval which shull not be ;;:.�,;,;?�;-,_,
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<br /> ' unrcasonnbly with6eld. -
<br /> � :;� •' All insurance palicies and renew�ls shal! be acceptablz tn Lender and shall include u standard mortgage clAUSr. •'�,i`
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<br /> ; �•• � [.ender shall hnve the rig'ht to hald the policies and renewalc.lf Lendet requires.Borrower shall promntly give to Lender 'i; • ,��;;:
<br /> . �t�:.`.h, •
<br /> ,.�;y;;�;� :};�•' . , � ull receipts oipaid premiums and renewn!notices.In the event of loxz.R.�rrower shall give prompt n.�lice �n tht insurance ��'T.
<br /> �'' � ' .r���,;, carrier and Lender.Lendcr ma}•make roof af Inca if not mude ram tl•b Horrower. �S'�����i i'+yy.�:-.
<br /> +_`. +.`�,` p I' P 5 Y ���,:�,,
<br /> ''; , • ' t;' p UnlessLenderand8orro�verotherwisengreeinwriting.insuranccproc�edsshallbeappliecitorcwta�ru�ion�rrepai� ::.`�;�,, .�=�
<br /> s �:,�: .
<br /> i �,�. . of the Propeny dam�ged.if the rrstorAtion or repuir is ecnnnmically feasible und Lender's tiecuriry is not les.cened. 1f the sy -
<br /> i, , restaration or repair is not economicully fen�ible or Lender's security would be Irsscneci,the insuranca nroceeds shall be :.,.� "'
<br /> ' } • �I.• '°�;�`j npplied to the sums secured by this Security 7nstrument, whether i�r not then due, with any excess ppid to&+rrower. lf ` �,rt, '
<br /> •� • ;,`.,;;��i�t�.,;, Borrower nbandons�hc Prnperty,nr daes n�t aosa•cr within 30 dnys a notirc from Lender�hut the insurance carrier has k ei�
<br /> , .�•1;;,��:•'•K'r�;' offered�o settle p rluim,then Lender muy rnllect the insurhnce pr��reeds.Lender may uu the proceeds to rcpoi�or rrstore ; .�;, � �
<br /> � ' .;,`/;,,:'•,:'i�`��`•��� the Pro n or to a cums secured by this 5ecurny InqaQUment.whether orniit then due.The 30-duy pericxi w+11 hegin �, •,�':°�•
<br /> :4� ;, ,: `,���<<,k�l�.•�;`'�� when the notice is c vi en.
<br /> i "�'!i':'
<br /> r:�:'�, '" ��� ` Unlc�s Lender und Bc�rrowrr ntherwise agree m wnting.uny applicati��n c�f pnxeeds w princi�:+1 shall not eitend or •
<br /> ", �''•� " postpone thedue da��e��f the monthly payments referred�o in parugraphti I und�ur rhange�he amouut nf the paymems.If i
<br /> � ' under paragt�ph 1Q the Property is ucquired h��Lendcr,&+rr.�v►•er'.rieht to an}�msuranr�pol�cie�an:],�rnceeda rrsui�ing �
<br /> • '� frorao�lamugeto�hc Propcny prior to�he�cqwtii�:on sha)[�asti ao Lrndrr�o thr erlrm of the sum,secuo�esi by this Serunty _
<br /> lostrun:ent imrnediately prior a.•afia acyu�sitian ,
<br /> 6. Presewaeion And�faintenance at�operty:Lca�eholds. Horrow•er�h�ll n�a destnx.damac��r tiu�veatstiuUy
<br /> � c6ange the 1'ra{�ct�..altuw the Pmpert� t��� �ictec:�rate i�r commu wa,t� If ih�ti Secutu} Inctrumre�c t��n a lea�ehold,
<br /> Blorrower stu10 c�•my�Iy wi�h tha pro�•�sie��;x a'.`:hr �aase,and if l��rrc.uer a�yu�rcw fee ude to�he Propen..cbe le�sahold•rnd ,
<br /> � . ;,::;':{,;},�; ,� fee utk shall nc,t merge unlcr�l�eada�a�r��s:<<�c:e merger m w rmnk .
<br /> �. ' � �. Protection of Lender's RciR6ts ia�tke Propeny: �ton�WRe Inswance. It Ik.rrower fa�lti ►e� prrt:+cm the
<br /> ' �'��, covenants and agrecmentscontamed irt eh��c5.�:uru}�In�trumenr.��r there�.�I.gal�r�xerding thal ma)�tgrt�flcrrteip atFe�t ;
<br /> ... _v_.r_. ...,-_- _-�._ :_ .�.. n.......�...�.....h�. �..�.na•.aalino in hanlcrunr�c, nmhalc.far iUtllll'RlO:lhOtl l��(��CR�CIt�C{JNti clC .
<br />. � c..- -'-- i.c��uc� �u�u.n w .u. ....�...y .....�...... -r--'-'-•..p... .
<br /> � � regulutions),then Lendrr mny di�and p•ry fi�r uhutever i�nece��ar�•t��pmrer�ihe�alue��t'thr Pro{xrt�and I.end�r'ti nghtw
<br /> in the Pro�xrty. Lender's��rtiom ms�}•►nrlude�a}�mg any wm+�rrurrJ h}•a (ien ��h�rh hu.pnarn� ���er thi�Se�:unt}
<br /> Instrument,appeanng in coun,p��mR re•r�unable atti�rne}�+'ferti and entrnng im the 1'roperh�ta makr repa�ra AltNou�h
<br /> � • Lender may�uke act�on under th�.pr.ragruph 7.l_ender d�x�nu�hu�c ta Ja.a
<br /> Any vm��untsd�shurK�d hy l.rnder unJer th��par•rgraph 7.ha11 t+�tian�r�Jdrtumal deht rf tii�rrow rr.ecured b��h�.
<br /> Securuy Instrument.l�nles�Borrow�er anJ l.rnde�agr��t��o�her term.��f pa}mcnt.�hr.r amuunl�.hull hear intcrc�t fram
<br />,'I
<br /> the date of d��burrcmrn� at the ti��te rat. and �hall he pa�:�hlr. wuh nn�r�yt, u�m nrn�r Irum 1 rnJcr t�� Ik�rrawrr
<br />�'I •
<br /> requesnng payment.
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