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<br /> . ,�� UNIPOItMOovBN�ta'rs. Borrower�ndLenderoovensntu�d��raasPolrows: ���--
<br /> . rt - 1. Pa�at ot Prl�Ipd�d Iabn�PreMY�nt u�d I.�te Clur� Aorrawer shdl promptlY paY when due . �,_
<br /> ° �,� ,;�y��,;.�: the prbtdpal of iutd inurcst on tha debt evldenced by the Noto and any prepayment�nd I�te ch�rges due under the Note. �;,.,,,,�..__
<br /> ' 1. F n�d s t a r T�e�u�d I a a n u�a. S a b j e c t t o a p p l i c a b l e l aw or to a writ ten waiver b y Lender.Borrower�hdl psy
<br /> � °� °�`� ` � , to L,ender on tha day monthly paymrnts Rrc due unde�the Note,until the Note is paid in fLll,a sum C'Fundi••)eqw l to —
<br /> '� ' � ' onrtwelilh oP: (a)yarly tuies and assasmenu which m�y attsin priorlty over this Secur�ty Instrument; (b)ye�rly __
<br /> � . ' lasehold piymen�or grou�d renu on the Propeny, if any;(c) yeuly haza�d insurence premlums; �nd (d) yearly �;�:r�„�..��..__
<br /> •��!� •� � mortpQe insuance premiums,if any.Thae ite+�n�re c�Ued��escr°w ittms."Lender mRy alim�te the Funds due on the
<br /> � b�sfs of current data and reaxanable estim�tes of fLture escrow itema. "
<br /> ;,. ' The Funds shdl be held in an institution the depasits or accounts of which Are insu�ed or gua�meed by a fede��l or �'�, _=.�,��_.�.-���
<br /> ' � nt�te�gency(including Lende�if Lender is suc6�n institution).l.ender shdl�pply the Funds to p�y the escrow i�ema. _�_
<br /> I.ender m�y not chuge ior holding u�d�pplying the Funds,andyzing the account or ve�ifying t Me escraw items,unless _
<br />„" � I.ender pzya Borrower intetat on the Fuods�nd spplic�ble law permits I.ender to mpke such a ch�rge. Borrower snd
<br /> � ° I.ender may agrce in writing thpt iMerest shaU Ee prod on the Funds. Unkss+wn agreemeot is rnKde or applic�ble lew �,_-.____ _
<br /> � roquires interest to be p�id,[.ender sh�ll aW Ee rcquirod to p�X Borrowe�snY�nterest or earnings an t!rc Funds.Lender ;, �-.-F.,._._�._—._.__
<br /> � . .a�':�'t�a�nr�wc:
<br /> sWl give to Borcoaer.without chArge.an�nnual acrnunting of the Funds shovrwng credits and deb�its to the�unds�nd the �,_,"�_,''.'._ Y__�_
<br /> purpos�e Por which acb debit to the Fut�ds was mude.The Funds are pled�ed as�Witional security ior t he sums secur c d by —_....-. _ _
<br /> this Soctuity InstrumeaL �° ,
<br /> IPthe�mount of rt'}ra Funds held by Leader,toxgether with tlx fl�ture mo�r�lh9y payments of Funds pAVaak prior to F'f;•'`����
<br /> . ..,.�:,+v2i` .
<br /> ,�he due datesof the escrow items.shall eacxed the�an•ount requircd to pay the escrow items when due,the e�czss shall be. '• . � ,�r�,�•
<br /> • a�Elaxow�"s aption.either promptly repaid ta d�rraaer or craiited ta Honower�n�i�onth!}paymcnts of Fnnds.Iflhe '���.�-�•��m------__
<br /> .. amouna�R�he Funda held by Lender is not suflicimt to pay the escr�+w items when due,Borrower shall pay to L.ender�ny �"=-°""��'y"� �
<br /> amount necess�ry to m�ke up the ddiciency in one or more pwymmts As rcquired by Lender. � r�'��"��
<br /> ;� Upon payment in full af all sums secund b3 this Security Instrument,Lender shell promptly refund to Horrower :f,t,��._;�-_��
<br /> : 1: . , �ny Funds held by Lender.If under parograph 19 the PropeRy is sold or ucqui�ed by l.cndcr,l.ender shall apply,no later � � :- _
<br /> • thRn immediately prior to the sale d'the Propeny or its acquisiiion by Lender.any Funds held by Lcnder at the time of f,- _�. :.;.-
<br /> , " applicationssacreditngainstthesumsszcuredbythisSecurityinstn�ment. � . � '��•+.._.
<br /> ,�. • ' 3. Applic�No�ot P�y�aeab. Unless applicabk laa provides otherwise,all payments received by Lender under �'� -
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<br /> ' � , piragraphs 1 pnd 2 ahall be ppplied:Brst,to Iste chArges due under the Notc;second.to prcpayment charga due under the • ••�,��,
<br /> ' • � Note;t6ird.W amounts payable under paragtaph 2;fburth.to intereat dur,and last,to principal due. �.. -<��w_-�
<br /> -u�_—__
<br /> 4, G'h�r�I,1eas. Borrower ahall pay ell taaes.Asses+ments,charges.flna and impositions attributable to the ,�..�•:•,••_- -_-
<br /> � - Property which may attain priority ova� this Sccurity Instrument, and leasebold payments or g�ound rents, if any. ,�,..
<br /> 8orrower sh�ll pay these obligations ia the manner provided in perngrnph 2,or if not paid in that manner.Bonowe�ahall '`�-=�e,+,�;
<br /> . � ,',., • p�y them on time dircctly to the person owed payment.Borrower shall promptly furnich to Lender all notices oPamounte :�:
<br /> ':'�:e:_.�____ _ to be paid under this Wiragraph.If Borrower makes thesa pnyme�ts diract ly,aorrower s ha l l prornp t ly Furnish to Lender t��f•�=�-- ___
<br /> �..�_. —_ L � `
<br /> .; `. receipta evidencing the paymenta. i�r �---
<br /> ,� ��'f��, � Borrower shall promptly discharge any lien which h4s prfority over this Security Instrument unless 8onower:(a) � ,, � „ ____
<br /> ! �''�: „ :• a g r e e s i a writin g to thc pa yment of the obligolion secured by the Ifen in a manner acceptable to Lender,(b)contests in good � -�.��
<br /> � t.,',,i f�ith the lien by.or de knds a g a inst en forcemen t o f t he l ien i n.l e g a l p r o c e e d i n g s w h i c h i n t h e L e n d e r's o p i n i o n o p erate to .� � •,;"�:.:�:'_-_'_
<br /> ! prevmt the enforcement of the lien o�forfeiWre of any patt of the Property;o�(c)secures from the holder of the lien t►n �.�,:� � � ;�..�•f;�,�---
<br /> ; ',,�.'�;., � � , � egramrnt satisfaclory to Lender subordinating the lien to this Socurity Instrument.If Lender determines that any pan of ,�;• •�''�"'
<br /> ,� °; • � the Property is subject to a lien which may attain priority over this Security lnstrument, l.ender rnay give Borrower a `�" , J
<br /> �• •�;' notice idmtiPying the lien.Borrower shall satisfy thc lirn or take one or more of the actions set forth above within 10 days . ;.¢.t�;.—
<br /> ' •• '•"'��• of the giving of natice. • � .�
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<br /> , ,,: .. S, Hwtrd IR�urpnce. Horrower shall keep the improvements now existing or hereaQer erected on the Propert�- ..f:?,.�
<br /> • insurcd ogeinst loss by flre,hazards includod within the term"e�tended coverage"and any other hazards for which Lender ( , •#a�:;:�: '
<br /> �� '±�� � requires insurance. This insurance shall be maintained in the amounts and for the periads that Lender requires. The . �l'��-T—
<br /> `.{•,�.;,ti,`'�I ' inaurance carrier providing the insurance shell be chosen by Borrower subject to Lender's approval which sMall not be . __.
<br /> ' ' • ��� unre�sonablywithheld. :'� � :
<br /> ,.: All insurance policies and renewals shall be acceptable to[.ender and shall include a standard mongage clnuse. �
<br /> � . `j{;'ti;i ��� Lender shall have the right to hold the policies and renewals. If Lender requires,Borrower shu11 promptly give to Lender �
<br /> . all receipts of paid premiums and renewal notices.In the event of loss,Borrower shall give prompt notice to the insurance � �' •
<br />" camer end Ltnder.Lender may make proof of loss if not made promptly by Bc►r�ower. • �.
<br /> • ' Unless I.ender and Borrower otherwise agra in writing.insurance praecds shall be applied to restorution or repair .
<br /> ?'����,; oP the Property damaged,iP the restoration or repair is economkally feasible nnd Lender's security is not lessened. lithe ' ''���'.;,;r�:;��`;
<br />' j , ,,S':.:`..:��.; restora�ion or repair is not economicully kasible or Lender's security would be lessened,the insurance proceeds sha01 be : �'i.�i(t:,
<br /> I•..`+ ��'�`.•�'�;�-;' applied ro the sums secured by this Security Instrument.whelher or not then due, with any excas paid to Borrowe�. IY �
<br /> �' '�; � Borrower abandons the Pro rt or does not answer within 30 days a notice from I.ender that the insu�anee carrier has
<br /> , : I,i}. ��, '' ' Pe Y.
<br /> � " '� � � offered ro settle a claim,t hen Lender may collect the insurance praceeds.Lender may use the proceeds to repair or restore
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<br />�;.�� � �`, • �';:};�;i;?;� the Property or to pay sums secured by this Security Instrumem,whether or not then due.The 30-duy period will begin
<br /> `. � � ';�".� ti'., when the notice is given.
<br /> ``� � r!;' Unless Lender and Borrower otherwise agree in w•rih�g.anc npplication of proceeds to principal shall not eatend or
<br /> � , '':'�.� . .
<br /> ' y ' ' postpone the due date of the monthly payments referred to in�+aragraphs 1 ond 2 or rhange the emount oP tht payments.!f
<br /> �. � '�� ���.����' under paragmph 19 the Property is acqui�ed by Lend�r.Borrower's right tE�unc insurance policies and proceeds resulling
<br /> ��� ' � �•` � from damage to�he Property priar to the acquisitio�+hall pass to l.ender tr the ex�ent of thr sums securc�d by this Security
<br /> . � � `��'� � Ins�rument immediately prior to the acquisition. �
<br /> ; ' � i�,':' � �' 6. Pr'eservotion and l�taintenaece of Property;l.case�olds. 8orrow�rr,hall not destroy,dAmage or substaotiaOGw �
<br /> .. '�.<�•� : .
<br /> . , .,,,.,., change t}ie Propeny,allow the Propenc to deterinrate .x commit waxte. lti this 5ecurity Ins�rument�s on a laaseh��i�i.
<br /> ;; ;.'•; Borrower shall romQ��g wi�h tl�e pmvisions of tha lease.and if Borrower acymres fee title to the Prc�perty.lhe leasehold ar:d
<br /> �� ��, � fee titleshall not mepge untess Lender agrees tc�ai�e merger in wnting.
<br /> 7. Proteetion ot I.eader's Rights io tUe 1Propeny: Atortgaqe loaurance. If Burrov�•er fads to F+erform the
<br /> � �1 coven�nts and agreements contained in this Secant� lmtrument.or there is a legal pnxeeding�hat mny��gnficantl�aRie�
<br /> . ._......•. a.�..� :. .�.,a.,,..p�e.,lr���h ac a nr.reedin¢in bank�uDtcY.nrobate.fix condemnatian or to enforce I�ws or
<br /> - . , �.sr... ..p..... .._ ...''"��"+ ...._-. . � .. • - � -
<br /> . . ; regul�tions),then Lender may do and pay for a�hatever is necessary io protec�c he value of the Property and Lendei s nghes
<br /> in the Property.lrnder's actions may include paying any�ums securcvi by a lien which ha�pnonty orer this Secunty
<br /> [nstrument,apparing in coun,paying rtasonable nttorney.s'fees and entering on the Property 1��make re�acrs.Although
<br /> i Lender may take actcon under this paragraph 7,Lender does not have to do so
<br /> Any amountsdisburscd by Lender under this par�graph 7 shall become ndditional debl of Bormwer zecured Dy eh�s
<br /> � Security Instrument.Unlas&xroaer and Lender agree to other terms of payment,these amoun ts shull bear interest from
<br /> � the date of disbursemem t�t the Note rate and shs�ll bc payable. w�th mtcre��, u�xm notice from Lender to &irrower
<br /> i rcques�in�payment.
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