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<br /> ° �� 1' 91- 10�56'7 - _..
<br /> .'° ��� UN�poRta CovsM�taTS. Borrover and La�der oovenant and a�a u follows: �'�T--- _
<br /> ; 1. ���p���V��t a�/4t�(�'pet. Horrower ihall promptly pRy whcn due �'�°�'
<br /> � � , y x; t6e principal oPand interat o�thc debt evidenood by the Note�nd any prepayment And lote chrrges due uoder the Nate.
<br /> �, F�uda tor Taxa�1wa�ra�ce. Subject to Applicpble I�w or to o writ�en wairer by Lender,Bonower shAll psy
<br /> " • ��� w l.ender on the day monthly p�syment�ue due undcr the Note,until the Note is pnid in full,a sum("Funds")equal to
<br /> '•��'�`'� �.�q,�� d; ���yp��y ta�es and asuscmenu which mpy attwin priority over this Secu�ity Ina�rument;(b) yearly — __
<br /> � o ' ` -'�f ka�chold payments or ground rents on the Property, iP anY: (c) yearly hazard insumnce premiums; and (d) ywrly =:---,,-
<br /> ;�; .,_:.�:�..�. �. .. �-' :`--" -
<br /> • ,.;.�r,-;----T- mortgage insurance premiums.if any.These ltcmc are culled"acrow items." Lender mAy eaim�te the Funds due an the ,___�____ __
<br /> "••'^��''�• b�is of current d�ui end rcasombla estim�tes of futuro escrow items.
<br /> �, f.,�......,�,. �•. -
<br /> The Funds shall be held in an institution the deposits or accounts of which are iosured or guaranteed by a federal or
<br /> -.,;• ` • ,. �-r' state a�ency(including Lender if Lender is such an institution). Lender shell apply the Funds lo pay the escrow items. ��
<br /> -- ,�,:��`- . . I,eaider may not charge fa b�ot�ding auid ap�LYia$the Funds.�aa�lYzing the accaunt or vedfying the escrow items,unless ��.^_^ =.L;`,i:,��_
<br /> ��, �'�. •�� �� �: �,�u�er Dp�rs Bo�rorer interest oa the Fuuds aa� b�e Iaw its Ixnder to malce such a c�arge 8orroW er and
<br /> +'�.� ,r..,��4; l.eoder m�fW aig�e t�
<br /> ,,,��.e:,�A in wci that interat shwll be p�id�the Fun�ds.Uoless u�agreement is made or applicable law �' -`L
<br /> ��.._ : .
<br /> N'-�w�... requirts iatenst to Ee paid.Leacier s�atl nat Oz xeqwrc�to pag Borrower any i�terest ur rarnings oa Q1r+e�tuids. Le�ader �. _
<br /> w�
<br /> L.�; :s, � ; '"� shplt give to Bonower.without chacge.an annual accnwuiag��F the Funds showiog credi�s and debitx to c1►r Funds arK!tl�e �6�`t{ -�-�,-���r•
<br /> ` �'�` � ':.i "�;� purpose tor ahich eaah debit to the Funds was made.The Fuau:ls ure p1�ed�s addNwnal secuntc Por the surns�cut�d by �'{����r�" ;'`�'% '•
<br /> -^ f t �I�:t r� '{�y , f A��.-
<br /> y,�:.:• ��Y,� , ,,r.�'I�,��!�.� this Seaurity Inatrument. !,ls�'�` t t�.�r�:- �''+�.
<br /> . .�],-._-_�..�1.�•S���a�' t '
<br /> �k , ,.,. j��r�;��,���;5 iP the amounl uP Q�e I'un�s hetd by Lrndcr.tugether w':th the Piiture mcmthly payments of Funds payable prior to rt�
<br /> �,�?� ��.�•,��X��e j[.,h�. . eq PpY
<br />...�.cM4i114_.__���s,s,�n„�,��i!��,�,i the due dates of the escroa items.shall exceed the amount r uired to the escrow items when due,the excess shall be, "'-
<br />•n_�u.�:� ���f'3��: .�j�Z��,�,,� at Borrower'A option,either promptly repsid to Bonowe�or credited to Banower on monthly payments af Funds.lf the
<br /> � ;.•,_
<br /> �- : ', ' ,s; !���y. :n- : amount of the Funds held by Lender is aot suflicient to pny the escrow items when due,Ronowar ahall pay to Lender any ____ _ _ ,_
<br /> ^ •` ,;' ' • �l�; amount necessary to make up the de�ciency in one or mare paymenls as required by Lender. c���-
<br /> ;:Yt;'�•'.:.. �r h.i�rj •,..
<br /> • �. - Upon ps►yment in full of all suma sacured by this Security Instn�ment, I.ender shall pramptly rcfund ta Horrower
<br /> 't��°, l any Funds held by l.endet IP under paragtaph 191he Propehy is sold ar acquired by Lender,Lender shall upply.no la�e� �,' � -
<br /> thAn immodiately priar to the awle of the Property or its ucquisilian by I.endcr,uny Fundw hcld by I.ender ut ihe ume oi
<br />' .. � applicolion as a credit againat the sums secured by this Secunty InYtrument. -pa��n
<br />' ° . 3. Applicatioo of Paywe�b. Unless applicable law provides utherwise,ull pvyment+���:c�vcd by i.cuder under '"� ,�',t.,.`
<br /> � . ' paraQrapha I and 2 shall be applied:flrs1.ta latc charges due under the Notc;��md.�u prc�wymcm�h�rQn duc unJrr thc
<br /> t.:..:= .:.
<br /> ��� Nae;third,lo omounls payable under paragroph 2;fourth,�o intrrew�due;�nd lual,ta pnncipul duc. �_,__Y
<br /> � • ' 4. Cb�r�I.Ien�. Borrower ahall ps►y ull taaer,aas�wsmen�r,chorgca,tinex und imMninunr unnbu�uble u.�hc y�.a�y,��--
<br />� , ^ � Property which m�y wttAin priorny aver this Security Imlrumcnt, und lea+ehold �+:�ymcnts ��r ground �rm�. if Lny. ��� �
<br /> • .
<br /> ��!�' 8arruwer shall pay thesc obligatians in the manner providcd in�rugruph 2,ur if no��id m thu�mannrr,kk�rmwrr�hull
<br /> _ ` '�;T� t; pay ihcm on tima d3recsly tu ltie psrson ow�!�Yment.Borrawer shall promptly furnir�h to Lcnder all noucr+of umount� --- _ _
<br /> � to be paid under�his parograph. If 8orrower maka these paymema direc�ly, Bormwer shall prompdy fum�sh to Lender i��,�,�,����
<br /> • ' �� raxipts evidencing the paymems. `,;.:, � ,,r.,, �
<br /> � Borrower shall prompNy discharge any lien which has priority over this Security Instrument unless Borrower.(A1 _,_
<br /> • � ' % ' agrees in writing to the payment of the ubligs►tio�secured by the lien in a manner acceptable�o Lender.(b)contests in gc�od �c��.;�e:;;,;:_
<br /> � � • faith the lien by,or defends against enforcement of the lien in,legal proceedings which in the I.ender's opinion operute to �s--��n�-
<br /> , • � prcvent the enforcement of the lien or fo�eiwre of any part of the Property;or(c)sccures from the holder oP the lien an '�''"'�""-��'�;:
<br /> , reement satisfactory�o Lende�subordinating the lien to this Security Instrument.IPLender determines�hat any part of � ��� ' ' '���'
<br /> . a6 ,
<br /> � ` '��� ' • ' the Property is subject to s+lien which may attain prionty over this Security lnatrument, Lender may give Borrower u �t�
<br /> . 1�r
<br /> • ' � � ;. .. ° notice identifying the lien.Borrower shall satisfy the lien or take one or more of the actions set forth above within 10 days �..��*�, ,_
<br /> . •� . .;!;;,`:i. ' of the giving of notice. �:,:.•.��� :�'"`
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<br /> 5. H�zard In9urance. Horrower shall keep the improvements now existing ur hercafter erected on �he Praperey �
<br /> ': . ,�� •.:.;,.�'�,
<br /> � � insured against loss by fire,hazurdx included within the term"extended coverage"and any other hnzards for which Lender �•.�;,,,.,�_._
<br /> '�E';;' x' requires insurance.This insurance shall be maintained in �he amountw and for the periods thut Lender requires. The ' `"�''��
<br /> .�•�;;�;� insurance carrier providing the insurance shal!be chasen by Borrower subject tu Lcnder's approval which shall not be � , , �-_
<br /> , .. unreasonablywithheld. � � r�-
<br /> .�._�.
<br /> •• .'' ' All insurnnc�policies and renewals shall be acceptuble lo Lender und shall include a standard mongage clause. �
<br /> ' I.ender xhall have the right to hold thc policies and renewals.If I.ender requires.Borrower shall promptly give to Lender "•
<br /> ' � ' ° • • all receipts af paid premiums and renewal no�ices.In the event oP lo�s.Borrow�r shall give prompt notice to Ihe insurance tt� ,- ; '�;;�,. ''
<br /> ':�;� carrier and Lender.Lender may make proof of loss if not made promptly by Bormwer. `�'�.;'�����'''���'_•---
<br /> •• ` s,y.� . Untess Lxnder and Harrower otherwise agree in writing,insurance proceeds shall t+e applied to reslorntion ar reps,ir • .. :,,n.:a;;-
<br /> ':�� ;i"ti����.`', � of the Property dAmaged,if�he restoratioo or repair is economically Peasible and Lender's secunty is noi lessened.If the •7;�_<9"'�`_`__ -
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<br /> • ' � � ..��;4�iL�'��,�%;'�;� restoration or�epair is not economicnlly feasible or Lender's secunty would be Irssened,the insurance prc�ceeds shs�ll be ,
<br /> ' � .. , applied to the sums secured by this Security Instrument, w het her or not t hen due,wi�h any ex c e s s p a i d t o&►rrowcr. !f
<br /> • '��"..,�r�c�-�
<br /> � Borrower abandons the Property,or does not answer within 30 days a nouce from Lender that the insurance carrier has �
<br /> ' offered to settle a claim,then Lender may collect the in�u�ance prcxeeds. Lender may use the proceeds to repair or restore
<br /> ' the Property or to pay xums.recuted by this Security Instrument,whelher ur nc►t then due.The 30•ds►y period will begin t
<br /> .. when�he noiice is given. i
<br /> � � Unless Lender and Hc�rroa•er otherwise agree m writing,uny application��f prcx:eeds to prin¢ipal shnll ni�t cxtend or �
<br /> �� " postpone the dur date uf the monlhly paymentti referred to in paragraphs 1 and 2 ur change the amount of�he payments. lf �
<br /> � , under parograph 19�he 1'roperty is acquired by Lender,tkxrower'.nght to any�nsurance{►olicies and pr�xeed�resulting �
<br /> • • from domage t�the Propeny prior ro the acquisiuon tihall pa++u�Lender tu t he extent of the�ums secured by thiti 5ecurny i
<br /> • Instrumen�immrdiately pnor tu the acyu��iuim. �
<br /> ' 6. Preservption and 1lnintenance otProperty;l.easeholds. Burrower,h•rll ni�t detitroy,damageor wb�tantially
<br /> . chunge Ihe Property, allnw• the Properry tu drteni�rate ur rammu u•utite. If thi.r Se�urity Inti�rurnent u un a Ica�rhnld,
<br /> Borrowrr�hall r��mply w�th thc prow�ian�af the le�x,and►t'Eiurruwer•rcywrr+i'�e ntle to the Pro�xrt�.ihe Irasehidd and
<br /> fa title tihall nol merge unleti+l.rnder agree+to�he mergrr in w•nling.
<br /> ' 7. Protection of Lender's Rights in the Nroperty: �fortaage Insu►ance. lf Burrower 1'ail� ��� �xrti�rrn the
<br /> =�.
<br /> �_ _.,.__.�... _ ..,:.......�,. ..ir•�
<br /> • ., covenunts nnd agrecments r�,ntamed�n�n�s�erumy in.irumcn�.l�I 111CIC 1�d it(RU���iidccu�ug�ua. ���::�t.i�.0...........� ..."'• ;
<br /> Lender'ti rights in the Pr��peny Isuch a�a prciceeding in bnnkruptcy, pr�►bale, tiir rundemnauun ur t��enforce law� rr
<br /> regulntionti),1hen LeuJer may do and pay fitt whulrver is nec��+tiary to pmtrct the�•ulur of�he!`npcm�anJ l.cndcr�righ�ti
<br /> :;, , in the Property. Lender's acuuns m•ry mdude puying uny sum�zccured My a lirn w�hich ha�pr�orny o�er th��Secunt�
<br /> � ,,,_.�,;,�� �,.� lnstrument,appcanng in rourt,pay�ng reaum�ble attorneys'fees und entering un the Pruprrt>•t��rn•rkr rcp:ur+.Althi�ugh
<br /> ,,,;,.; .;:,� •�:•r' Lender may take actiim under this para�raph 7,Lender does not have to d��so.
<br /> �':�.; :• ,:;'.;.,.,
<br /> , ;;,�.�,��.,;�;: ,; Any omountti disbur�ed by�.ender under this paragraph'►�hall become addmonal debt uf Hurr�wrr tiecured Fiy thu • � •
<br /> • '; ;. , Secunty Instrument. l,'nles�Borra�wer anaf Lendfr agree tn nther termsof p:�ymrm.the,e am��um�tihall bear mterest frc�m
<br /> �� the date nf deshursement aa�hr Note rale and �ha�l t� payabl�. wnh mtcrest. u�xm nau.e from Lender to Bi�rrower � . ' .
<br /> .;,,',. : rupsustmgpayment. ,
<br /> � .,,�,`�1:?.►�fr;:.;t:; ' .
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