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<br /> ' 102606 -- -
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<br /> . ' ��� UNiPORMCOVBNANTS. Bo�iONtt«T1dl.CtldC�COYCIItOtalldo�Abw+: ��`-1'��-:.._�-..
<br /> 1. �������l���p p�y,�t�� florrowcr shall prnmptlY paY when due e;.�„��—a .
<br /> , :; tl�e priacipd af�nd interat cx��he debt evidei►oed b�r�he Note ond�nY PnMY�t��Irte chuae+duo under thc Nate.
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<br /> , � � 2, M�for TuN�1�. Subject lo�pplic�blc I�w or to a written waiver hy l.ender,Borrowcr xhall pay
<br /> �� ' • �o I,ender an�hc dsy manthly p�yments iue due und�r the Nate,until the Nu�c�s paid in full.�sum(•'Funds")cqud lo ----�
<br /> �.�.'t ,, ' oee�twelflh �: U) Yp�ly ��xa�nd assasmentr which may+�t�ain priarity ove��bis Securi�y Inxtrument:Ibl Yes�ly --
<br /> �'�f � '�. . �" la�ehold psymrnts or pmund rents oe Ihe Prapetty, if any; (rj yarly huard in9urance premiums;�nd(d) ycariy
<br /> �:� :�- mori�ye lnsurunce premiums,if au►y.7'hese ilem,are c�lkd"escrow i�emi."l.ender may eslimrie�he Funds due an the �' ..__——�
<br /> ,�, � � � bnis of curnnt dua and nascx�bk atimata oifl�turc escrow items. �,�,,.-„�,�-�
<br /> The Funds shall be held in an inslilution the de�asits or�ccounts aiwhich Are insured o�Qupranteed by a fcderol or � � �y
<br /> � .;�. it�te s�encY(including l.eadcr iP l.ender is such wn intlitutionl. I.ender glwll apply the Funds ta{wy the escrow ilems. �h:
<br />� � t.ender rtuy nat cha�Qe tor haldioj anti�pplyin�Ihe Funds,�nslysing the+rccaun�or venfying�he escrow items,unless '' � �.��,.�..
<br /> l.ender p�ys Hamnwer iMerest an the Funds�nd�pplicabk law permit�l.ender ta m�lce such�charge.Borrowe�and ���--
<br /> Lender m�y+�groe in writing tlu�t interat sl�all be p�iA on Ihe Fundr. Unless an�grecmrnt is ms�de or applicaMle law d�=_
<br /> " roquires ioterest to bc p�id,l.eader sh�ll not be rcquirod t�p�y �orrowe�Any interest ar earnings an thc Funds. Lender _���_�_
<br /> shdl give to Borrowe�,aithaut charge,�n�nntu�l ucoundng af the Funds slmwing crodits aud debita to the Funds and the � '�'
<br /> '�� purpose for which each debil to the Fuads w�made.'tho Funds are pled�al ac addilia�l xcu�ily fbr the�ums securcd by — _
<br /> . this Secu�ity lns�nimmt. �4 v,
<br /> If the Amount ot the Funds held by Lender.tagether aith the 11�ture monthly p�ymems af Funds p�ysble priar to ----- � --
<br /> t6e due dates of the oscrow itema.shall exco�d 1he�mount roquired to pay the escrow itema when due,the excas shall6e, �. ,Y :.,
<br /> - mt�arrower's option,either promptly rep�id to Borrower ar croditad to 8arrower on monthly p�ymentc of Funds.If�he �,;;�--��
<br /> � ' • �nt of the Funds held by Lender is not su�cia��to p�y the escrow itans when due.Bomnwer shdl pay to Lender anY � �k•,::_;�%;�..�`
<br /> �monnt noc.essary ta meke up the de8ciency in one or mam payments u requircd by Lender. ` ""�`='
<br /> I Upou paiyment in full af al)wms sacured by t6is Secunty Instrummt,I.eader shall promptly refund to BoROwer r; �1,8�
<br /> • � • u�y F�ncis he0d sy Lrnder.If under p�ragnpf�19 the Property is sold or acquircd by I.endrr.Lender s1w11�pply.no luar . ��_-�.�
<br /> ,� , ° ' th�n immediately�rior to the sak of the Property or its acquisition by Lrnder.any Funds held by Lender at the time of „ ;,��: _' _
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<br /> . applicatioa as a c�cdit ag,�ingt the sums secured by t6is Securiry Instrumenl. . -:^r'" '—_
<br /> 3, ���p�y�q. Ualess applica6k law provides otherwise.all paymmts received by Lendcr unde� _
<br /> � .� �� pu�gniphs�and 2 shrU be applied:flrst,to late chuges due under the Note;sxond,to prepaymmt char�es dur under the •�
<br /> �• � • Not�third.to amounts pwyaWe wde�pu�g�'eph 2;fourth,to intet�at due;and last.to principal due. -�
<br /> ' ' " ,. 4. �sr�Lie�s, Bvrrmrer sAall pay all tana.asussmente,charges.flnes and impoaitions attributable lo the , _ ."---
<br /> " ' � '7""%�" - ' property which may attain priori�y over this Savrity Instrument, a�d la�sehold {wyments or ground rems, if any. • ' . ..
<br /> � � , �'' Borroaer shnll pay these abiigations m the manner provided in paragraph 2.or if not paid in that mpnner,Norrower sh�ll
<br /> .. _,�__.�-` _. e rsan owod vment.B orrower s h a l l rompt ly furn is h t o L e n d e r a l l n a i c e s o f a m o u n t a L�_ ,�
<br /> ,, ' • ---- -; �Y lhem c+lt tlme dirMtly to th Qe pa_ P -_!—
<br /> � ,�' , ' f' to be p�id under this puagraph. lf&•�ower malca thae psymeats dirutly,Borrower shall prompUy lurn�sh to Lender _ ;��sr
<br /> . � � � naip[sevidemingthepayments.
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<br /> ` � �, .. " Borrower shall promptly discharge any lien which has priority ove�this Security Instrument unless Borrower.(a) 'u���
<br /> • ','• :,�?'':;�', ' � �rces in writing to the payment oithe obligation secured by the lien io�manner aeceptable to Lender,(b1 conlests in good ;''�•'
<br /> ';�+ �' 6aith�he liea by,or defends against enforcemenl otthc Gen in,legal pro��eedi�gs�rhich in the l.ender's opinion opernte to =4l,.-:_,,;�.
<br /> '. prevent the enforcement of the lien or forfeiturc oi'any part of tiie Propeny:or Qcl�ura from the holder of the lien an :,;,. •,
<br /> � agrcement su�isfac�ory to Lender subardina[ing the lieo to this Secunty Instrument•Ifi l.ender determines that any pan of . �,r�8i-'
<br /> the Propeny is subject to a lien wMich ma�� Attain priorit}over this Security Instrument, Lendcr may give Borrower a , • ���+
<br /> . notice identifying the lien.Borrower chall wvisfj the lien or take one or more of the actions set forth above within 10 days ;l'���.'�=II
<br /> " otthe giving of notice. ' �a
<br /> �� ' s. H�zud Insuraace. Borrower shall keep the improvements now exis�in�or herenRer erected on the Property ` .
<br /> ' i�surod against loss by flre,hazards includod within the term"extended coverage"and any other hazards for which Lender I .
<br /> , . . � � requires inwrance. This insurana shall be maintained in the amou�ets und for the periods that l.ender requires. The �
<br /> • _ �:`�: � �: insur�nce caerarr providing the insurance shall be chosen by Borrouei subject to Lxnder's approval which shull not be , -_
<br /> unreasonably wi�hheld. �
<br /> -� All insurame policies and renewals shall be acceptable to Lender and s0►a�t include a standard mortgaqe clause. •
<br /> Lender shaU have the ngi++t�t•�h¢+ld the policia and renewals,If Lender requires,B��rawer shnll prompdy give to l.ender �
<br /> all receipts�t'g�ni�premiums and renewal notices.In ttie event of loss,Borcower shall give prompt nouce to the insurance .,� r,__
<br /> curier anel L.�.mfler.l.ender moy make�s+mPof loss if not made prort��+R9�by Borrower. _ • :��'��.
<br /> Unless Lender and Borrower otfi+eawis�e agra i�writing,in:��ts�nce proceeds shall be�pplied ta restoration ar repzir ":� • , :�'�'�•{`� �"
<br /> i.�,�.t ., r�,�
<br /> of the Property damoged,if tbe resroraaam or repair is economiraily feasible and Lender s security is not lessened.lf the r :; :,;(,;�,`y:,.,,y,�'T_�
<br /> restoration ar repair is not�ecanomically feasible or 'Lenr�er's securit would be lessened,the insurance roceeds shall be � . '
<br /> ` Y p ''':'�,••,. .'�;1}'�ii.'+t�_
<br /> „ applied to the sums secured by this S�arity Ins�rument, w•hether or not then due,with any excess paid t��Bonower.If p,:,;:,�'
<br /> ' 8orrower abandons the Pa*peny,or��:aec not unswer within 30 dacc a notice from Lender that the insurance catrier has I '�•.' '
<br /> � . o�'ercd to settle a claim,then Lender ur.eAS collcct the insurance pr:n�eals•Lender moy use the prc►ceeds ta repair or restoa , . ',�.:
<br /> the Praperty or to pay sums secured Caz vhis Secunry Instrumen�w�hether or not then due.The 30-day period will Tre�n � � %'�' �
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<br /> when the notice is given. .
<br /> Unless Lender nnd BoROwer otherwise ugne in writing,ara�applicntion of praceeds to principal shall not extend or ���• •.
<br /> , � postpone�he due dnte oPthe monthly pa�•ments referred to in pacaacAphs 1 and 2 or change the amount of the puyments.lf '1�• .,
<br /> under pa�graph 19 the Property is acquired by Lender.Bortow�rr"�r;€ht tu any insur�nce E+olicia�und proceeds resul�ing '':�' • :;;�,r,,
<br /> �: � from damag��o the Praperty prior to thz acquisition.r-hall pass or[c^wter to the extent of the�ums.rrcured by�hi�Secunc� , ,;•;�,�:,
<br /> ' • Instrument immediately priur tu the acquisition. �' ��'
<br /> 6, p�sen�tio�a�1ldntenance ot Property:l.easeholds. Bormwer�hall not destm>.damage or�ubstanti�l�� ;i i��.;'`;"..,
<br /> change the Propert}•. allow �he Property to de�en�.nte or mmm�t w�aste. If thas�unt}� Instrumen�i,�*n:, �:a�Aold. , ,
<br /> • Bo�rower shall comply wuh the prmisions of the lea�r.and d Brrrc�v►er acqwres fce ude to�he Propert�.lI1C I�d��IRI[I alld �, ,. i.';�.•� �
<br /> fa titk shall not merge unless Lender agrees to the merger m v►nnw�Z , �.�%. .�
<br /> � ?. Pratection of Lender's Rights in the Prope�tY: �tor�t Insurance. If Bormwer fads to perform th� •
<br /> . . .. -'- -'- -�.. .1... ...6.••..d• alfi�rr . •
<br /> __-. . - - ¢pvenantsandagreementsronta�nedmtnisaecuri�.itlsl�Ymcni.�diucici.a�c�ca���:u:«�...:t.....:�'�:%'°e•---=-•-•+ -----
<br /> ' Lender s ng6ts m the Property Iwch ns a proccedmg m Ivnkrupuy. pmbate,far condemnation or to enfi.rce la�►s or
<br /> rcgulations),then Lender may da and pay for w hate•er r�eecestiary tu proterl the�alue af the Propen}�nd Lender'�ngh►�
<br /> 'm the Prc�peny• Lender s ucuons may include p�y•ng any wms serured b} a I�en wh�ch ha�pnnney���e�th��Scwunt�
<br /> . ' InstrumKS►t.apppnng in roun.pay�c�g reuonable�ttome}t leer�nd rntenng an the Propere��tc�make repc�m Allhough
<br /> • Lender may take acuon under th«�nngta�h 7.Lertder dcxti cwa Fu�e t�•do K�
<br /> � Any�mounts disbursed by Let�der under Ihis puagropit 7 shall bec.�me addiaimal drM�d'&�rr��wcr�:ured h}�h�s
<br /> Socunty Instrumrm.Unle�.&irrowar and Lender agree eo other termc af pacmrnt,the.e amoums.h�ll Ar.rr�nrcrest k�xn
<br /> the daie of disbursemrnt at the tiote rate and chall he payahle. wuh mtcrc�t. u{�m n��t��r from (endrr�r R��rr,�wrr
<br /> • �1���P�Ymrnt.
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