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<br /> � ' V NII�ORM rY1VfiNAN'1:4. B01'1'�04YC�Otll�Londer cnvcnnn�und ngrec ac fc�li�uvs: � ..
<br /> i' ' • 1. �*�yment ot!'dncip�l�nd Antcnc�t��''rep�yment and tAto CNargca. Hurrawct'shnll pr��mptiy p;iy ��hcn duc ,�� -__-
<br /> . tho prl�►cipai��Snmi inte�cst an thc dcbt evidcr�ced Ny the Notr a�ad ony ptepayment und li�te.�hnr��e�duc undcr Uic Nute. � �•� -� t�.
<br /> ,��.a :£;,
<br /> . � x. t�undq tor Taxe��►nd Insue�snee. SubJect tn nrpUritblc Inw ur In u weitten��•iu��cr by l.rudrr.Hun•���vcr rhull pay -
<br /> ��., ta i.xnd�r on the:dny manihiy puvmcnts nrc dttc under Ihc Nutc,unlll Ihc Nate ir paid in i'uIL.�,�+m("F'undr")cquul �u .- _ ;`--
<br /> --• - -.. . . ..{:.
<br /> -,r c►ne-twe!{t6 u!': (al Y�a�ly tnnes and assessmentE �vhirl� �uuy a�tein priuiity uacr this Sccurity ln��r►�in���u; lh1 ycarly ---. _,_...-.----. ..
<br /> -_
<br /> - leas;hold pay�ne�its or gmi�nd r�nta nn �he Prt�{�erty, if unY, (cl v�nrly hirrnrd insurau�cc premiumtic nnd (d) Ycart} ; ,- _ _ _
<br /> _...._�_ ... _ j ..... if a _
<br />_ „_ - utui�g��SU�i1�U�ui1C�r�rT Q.....� tty'.�r�lA9'_'11a�c 4tp�•:1��rtl"Ca1:COW!{G115.�� l.c��dcr mi�y�+urnwc�hc i��u����duc uir[he .�_
<br /> � � basisafcurr�ent dntnnnd�cnsonablecstimat�w��l'f�uurccsc`u�v item�. -�� �°,�'��mm�-
<br /> . . . '�'he�unds qhall�e held in nn in�tituUon the depasit.r•u�ncci�unts af��;hich u�e insured uc gunrunteed hy n 1'ede�n)ur • .
<br /> �• stute ngency f�ncludinp I.ender If l.ender is such an inrtitutiun). Lender�hnll npply�he i�und�t�► pay �hc e+cm�v itcnis, .
<br /> l.cndcr muy not chargc fi�r holding t►nd n}�plying Ihc Funds,unalyr.fng Ihc nccaunt ur vcr�f�ing�hc c�crow ncins, unl�sr . ,
<br /> Lsnder pnys A�rra�ver interest are tlie Funds�md upplicnhle Inw permi�l� l.ender to make .r•uch u chnrae Nrrr�»ver imd ,
<br /> � ,> Lender nmy ngrec in aridnQ Ihnt interest shall be puid on t1�e Pundx. Unlew a�� n�reement i� ma►dc or upplicahlc I����
<br /> . ` requires interest to be puid, l.ender shall nat be rcqu�red tn puy florrmvcr nny interest ur r;�rnin�t��m thc Funds. Lendc:r
<br /> ' shnll givc to Eiarrawcr,wi�huut ch�rgc,nn annuul ucc:ounling uPthc Funds showinQ crcdits und dcb�ts ti��hc Funds and thc
<br /> purpose for which e:,jch dcbit to the F�mds wn.�made.The Fund�i��e plcdRed uti iid�lilionul�ecurity Par►hr sum.r•+�rured by (
<br /> • � ' this Sa;uri�y lnst�ument.
<br /> `� •�"�' �� li'the amount nP the Funds held by l.ender,tagcthe�with the Puture monthly payment�01't�'unds puyuble pru�r tc�
<br /> '�'',,�'.��;�;,• , .
<br /> :•;•,>ti, the due dates oP the escrow items, shull excecd Ihe antaunl required lo pay the csc�ow'items when duc,tl�e cxcc�s shull be,
<br /> • ''''�' nt Borrowcr's opti<m,cither pmmptly repaid ta parrower or crcdited to Burrrnvcr�m m��nthly pi�ymcnts i�i'Funds. If the .
<br /> � amount of the Fuads held by I.cnde�is not sufficicnt ta pay lhc escro�v itcmy whcn duc, Horrowcr tihall pay to Lendcr any
<br /> ' mm�unt necccvary ti�m.oke up thc eleflcicncy in rne or morc payments as rec�uircd by Lender.
<br /> ' + Upan p�yment in(bll of all sums securcd by this Secu�ity Instrumen6 I.endcr�hall prompdy rellmd�n Horro�vcr
<br /> Any Funds hcld by L.ender.If under paragruph 19 the Nroperty ic sold or ucquired bY Lc�der,Lcndcr shnll npply,no latcr
<br /> ' . , thnn immediately priar to the sale oP the Pmpeny or ils ucquisitiim hy Lender,imy�unds held hy Lender:it thc time of: �' ..
<br /> upplicutian us i�crcdit agAinst 1he sums secured by this Securiry lnstrument. , .
<br /> �, Appl�catian ai Payme�ts, Unless applicable law provides ot�ier�visc,uU puymcntti rcreivcd by Lender undcr ;;,.:
<br /> P P'Y ��,:�
<br /> purAgruphs 1 and�shnl)bc applied:flrst,t�lutc charges due under thc Noi�;�ernnd,tc� re a me»t churges duc undcr thc i i,.`;,
<br /> •�:•;:�'S Notc;lhird,to umaunts pAyablc un�1r.r purugu�ph 2;fourth,ta intcrest duc;und ln+t,���rrincipnl duc. t •:.�
<br />. , :,�,:;`l, � . .�,:�`
<br /> 4. Ghurges;l.iens, Horrower shull pay i►U tnxes,as�ekrments,charges,fines nnd imp��sitianc uuributuhle to the i
<br /> '' Property which may uttai�i pri�ri�y uver this Security Inhtrument, und lea�ehold p:+yments or gmund rents, if uny. �;�. ..`"
<br /> ' ��� Aarrower shnll pay the�e i�bligiuioin in the manner pmvided in p:►ri�graph 2,or if�mt�uid in thut manncr,H��rr��wer shull j � '"`?.
<br /> . , ,;�..:,, . . . �
<br /> .;.,,;,` ppy thcm on time dirert ly to t he rersan o«•cd payment. Norm�scr shall prompll}•Purni�h�a Lendrr all noticcs uf,�mountti � � ,:,;a�,��;
<br /> � . to bc paid under ti►is pa�ugruph. ]f Harra���er mukes�hcsc paymcnts directly,A���ro«�er shall pr<�mptly furnish to Lcndcr j , , ,'.;_`�1\:'_
<br /> �' ,'��' reccipts evidencing the pa�ments. � ' . ' �
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<br /> —
<br /> ------ 9nrresker:t�s!!�romrtl�•s�i�h�roe any 4isn�rhich h�s priurit�a�•rr this Securii�lnstrument unlcs+ Hc�rrm�•er: (a) '�• • .
<br /> agree�in writit.S to the payment nsthe obligs+tion secured by t}�c lien in a nrinner:►cceptablc ta Lender,(b)contetits in goaci � ----'-`.���"�'
<br /> feitf�the lien by,�'r defends against enfarcement oPthe lien in,Iegal�rc�ce:dings which in the Lender's��pinian ope��ut�:to i . ,
<br /> _ _..,. . ., prevent �he enP�rcement of'the lien ar farfeitur���f any pnrt oP thc Yre�ae:t�;��r(c)secures Prom the holder of'thc lien un
<br /> A$PCCfllt'tll SAIISfIICIATy 101.CIIdCi SUbOIp111a11Og�hC I�CD tu if�ia�ccui�ij iio.iiiii�i�i�i.�f:.L'RL3C::��S�Fmi�ac th:N ano n�rct tlf i. _ ' _ _
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<br /> the Prn�erty is subject to a lien which muy�►ttnin priaritv o�cr this S�curity Instrument, l.cncicr muy r+�z m��Fr,�«'�r a .
<br /> notice identiPying thc lien.Horrowcr shall+tnisfy the licn nr take unc c�r m��re of thr acti�m�tici furth abo�e�ti ithin 10 dayti ;
<br /> af thc 6iving of nnticc. ' ' .
<br /> S. Nazn�d Insurnnce. F�arroµ�rr shull krep the impr���•rmcnt�n��w existing un c�rrafter urected an thc Property
<br /> insured ngainst loss hy firc,haxards includcd within the tcrm"extrndcd cm•eruge"und uny��Ihrr huzards fur which l.cndcr ,
<br /> requires insurance. 'Phi,insurance shall hc muimained in ihe amuunts and for the Peric�dti thut Lrnder requirrs. The
<br /> i�surancc carrier prmiding ihc insur.�ncc�h�ll hc rhascn b�• Horma����sun���� u� �.����i��'�uppra��al which shall nut bc
<br /> unrca�anably�vithhcld.
<br /> AU insuranrc policie.and renewals shall be ucceptuhlc�o I.rndcr and rhull include.+ �tundard mortguFc��luusa ;
<br /> l.endcr shAll ha�c thc right to h��ld Ihc policies und renewals. If l.�ndcr r�qutres,8orruwer tihi�U rrompUy give t��l.ender
<br /> all receiptc oP paid premium�and r�ne�vul nrniceti.In�he evcn���P l��s�,Hormwcr tihull Fi�•e pmmpt natice to th�intiurance
<br /> � cArrier and Lendcr.Lcndcr may make pmof aP loss iP not made prompllp by N�urower.
<br /> � � Unless l.cndcr und i3orruwcr��thcrwire agree in w•rnmg,in+urancc pmcced��hnll be nppUcd to rctitrn'ation af reps.ir
<br />' of the Yroperty d�maged,if the restoriuirn�ur repair is ernnomically fcasihle and Leitder's securiq•is n��t Ic��enrd. If�he
<br /> . �estoratian ar repair i�ncn rcimomically fratiible or Lender'r.ecuruy wuuld hr Ic�sencd, the insurance pruceeds.h��ll he
<br /> � Applied tn the sum��crured by this Security lnstrument, w'hether or nat Ihcn du�,with any cxcess paid tn H��rr��wrr. 1f ,
<br /> � 8osrower abandnn�the Property,ar does nut answer within �0 day�a ne�tice from Lcnder tha�thc rosurance cut'rier has
<br /> . �:tFFrcd ta scttic a claim,�hen l.rnder may c��llect thr imuram•c pr��cecds. Lender ma4 ��,e thc pmrucd.t�rcptur or restMC , •
<br /> ' Ihe Froperty��r�u pay sums xecured by thiti Scrurity I�i�ut�ment,�ti•hrthrr or nat thrn dur.'Che i0•day pet�oc���ill begin
<br /> a•hen the nrnice iti given.
<br /> � Unlcss l.cndcr.�nd f�urm�•er��ther��•iur agrec in a•r�ti�as,are>:+�plwauan uf prnrerdti tn pnn�ipal shull no�ex�cnd ur
<br /> prstpone the duc duie of�hr monthly payments rePrrred a��ei pafaer:inh� S:uid 2 ur change thc amount c�f Ihe puyments.lt
<br /> .� ur��ier par�gruph 19 the Pn�perty is acyuued by Lcndrr. Nrrr:n�cr'.ri�hi in:�n}�in�urancc policies and pmcced.re�uhing ,
<br />-- f�c�rn c6am�ce t��ihe Pr�penc pri.,r to the acqui.ritwn.ha�l�*z.:�.,l endcr to�hr rxten;of ihc,ums.erurcd hy th�.Srcurny
<br /> � � • ]nstrument immediatel�•pnu�to 1he ucquisitiun.
<br /> � - 6. !'s�rvt�Uen nn��tt��nteaance of Yropertv:Leasehalds. 8�+rrmti'rr�hall nul ilr�lrr�,dam:igc��r���ri.:aryttall}'
<br />- changc the Yrap:rt)•. :illuH the Yrnrert�• io�icirn�,ra�r ur rummit ��:�.t� If ihi. tir�urn� In,�r�cmc�� i• �,n :� tecnehaid.
<br /> Borrowcr�hall ci,mpl� ��uh the pro��tiiunti uf thc Irax.and if I�orru�tier arywrcti frr utlr t�,thr Pr�}�-rrt�.ih4 I�asehnld and
<br /> fee tide�haU noi merFe unlr,ti l.cndcr:igrec.tu the mergcr m�srning.
<br /> 7. Pratccdnn o1 I.cndcr's Ri{�Ids in the f'ropert��; �1art�u�;c lnsu�ancc. 11' Hc+rra��•cr iail+ t�� �+rrf.��m ihc
<br /> covenant�.+nd agrcemeni,ce,nia�ncd in�h��tirrurn�•In,trumrm.��rlhrrc i.a Irgal pm«edinF that ma> ,�Fniti�:intl}alTcrt
<br /> Lender's rightti in ihr 1'n�pert}• (huch a�a �rorecdinF in hankrupir>. �+r�,hate, Ibr rundemnaU��n ��r to cnfurcc law, ��r
<br /> rcgulationti).Ihcn Lcndcr may dc�and pay fnr whateccr iy nrrcti.ar} i�,pr�,lcrt thc�:�lur ol thc Yruperi� and L�ndcr',nghl�
<br /> in Ihe Pn,perty. I.�nder'ti arn��n�ma)� include paymg an} �um� .erurcd h> a lirn ��hi.h ha��nunt� u�cr th�� tic�urn}
<br /> InSlrumcnL appcarm�.�n�uurl, p;iy u��rra,unahlr ani�rnc>•ti'fcc.and rntrring��n�hr 1'rr�+cn} U�inal�r rr{+:ur, Alth�,u�;h
<br /> Lendrr ma�•takr a�nun undcr Ihi+par:�gr;iph�,l.cndcr docti nat h.i�c to do.�,.
<br /> � An�amounts d�,hurticd hy L.ender undcr th�ti paraFraph 7�hall hccnmr addinimal�1cM��i H�+rr�����r,c�ured h} t hi.
<br /> Secunty�Instrumcnt. llnle��Nnrrm�et and Lender agrec tn�ithcr Icrm�i,l p;+�mrnt.theu ami�unt„hall hrar uiterc+i inun
<br /> the date nf d�sbur.cmcni :�I Ihr Natc r;�IC and tihall hr pa��ablc. ��•�th inlrrr,i. u�i�n n��trcr frrm I rudrr t�� I�rrn,��rr
<br /> i I requesting paymcnt.
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