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<br /> ��,�._ __ uN��a��,�. ea�.Aa����.na.�..r��: ��� 1054'�9
<br /> -- i. Py�wt af Pet�l/al�tl 1�b�'Mti Pry�f�t�M 4q CIu�Ma Borruw ( pt1Y WY when dw
<br /> ��;'— �P�P�cf u�d io�era�an etA debe evidana�d by�ha Nae•ad�nY Pr�Wymeni w►d lau chsraa due uMter�ha Nae. __ _
<br /> - Z. I��for T��i I�nu'a�ot. Subjxt to appJkabic law or to a written waiver by Lender,Borrowar�h�ll pry
<br /> _,� to L,ender on the day montldy paymenu ue due u�der the Nou,until the Note is pdd in Ibll,a�um("Funds")aiw�to
<br /> �. oae-twelith of (a) yarly t�uca�nd auasma�b which may atudn priority over this Securlty Instrumenl; (b) Yar1Y
<br /> kuehold p�yments or�round rents on the Propeny, iP�ny: (c) Yarly i�wrd insuranoa prcmiums; �nd (d) yarly
<br /> ' mort�e incurance premiums�if any.'ihese itema�rc c�lled•'escrow item�."Lcnder may atimate the Funds due on the c`
<br /> ��":- Essis of curtent d�t�and rwonable atiro�ta of iuture acrow itans.
<br /> The Funds d�all bc held in�n inatitutbn the deposit�or accounts oi which rrc imared or�uaranteod by a fodenl or -
<br /> �tata�Qency(includin�L�ender iP Lender i�such�n institution).Lender sh�ll�pply the Funds to pay the acrow item�.
<br /> =�:e��:•.�; i.ender nuy not ch�rae for holdin�and Rpplyin�the Funds,��lyzina the account or vedfyin�the acroM i�ems.unlw
<br /> ,�_,��:C,;�,,,. � i,e�der paya Hortower interat on the Funds and applicable I�w permita Lender to make:uch�ch�rge. Borrower�nd _
<br /> =.�,�+�,�,�',,;� • Lender auy sgta in writing thRt interest:lull be ps�id an the Funds. Unias an�greemrnt is made or applicabk law
<br /> �"-"�'`• •' t+equira interest to be paid.Lendar ahall not be required to pay Borrower Any intcrest or wrnings on the Funds.I.ender � -
<br /> ��i�5�
<br /> ---..�•.:� shsll�ive to Borrower.without chuge.�n annual accountin�of tbe Funda ahowin�credits and debits to the Funds and the _
<br /> ���"'' '="'� purpoce Por which eseh debit to the Fund:wa m�de.The Funds ue pled�ad�additional sacuri�y for the sums secured by
<br /> �` '���:�yrs��.�_., tbit9ecurity Inatrument. _
<br /> —_.�g�,��u� 1P t6e�mount of the Funds held by Lender,toQether with the future mon[hly payments uf Fu��ds payable prior ro °-_
<br /> -�=-�-a�2� the dua dstes of the acrow items,ahall encad the amount raquirod to pay the escrow items when due.the eacess�hvl be. r,�
<br /> — ' i at Borrower's optio�.either promptly repaid to Borrower or croditod to Borrower on monthly Mymrnts of Fuads.lf the __
<br /> -�.'�"`��` •' unount of the Funds hcld by Lender is not sulscient►o p�y tha eacrow itema when due,Borroaer shaU pay ro Lender any �
<br /> R,u.'��°;•-.-- , —
<br /> �».�..�.J amount�e�ry to m�ke up the de8ctency in one or morc paymentc as required by Lender.
<br /> :��.`��i Y h,.�rn�►� .'�«� Upon payment in fWll of all sunu secured by this Security Initrument,i.ender shwll promptly rePund lo Borrower
<br /> any Funds held by Lender.If under poragraph 19 the Property is sold or acquired by Lender,Lender ahall apply,no I�ter : '�
<br />._�,•�r .�°:,r.-�:,,; than immediately prior to thc ssle of the Propehy or its u:quisition by Lcnder,any Funds held by l.e�der at the time of �:.�'.
<br /> :��: •.
<br /> . , application as a crodit against the�ums ucured by this Security Inctrument. ""A`
<br /> - 3. ApplipqoN ot P�ymeab. Unless applicable Irw provides atherwise,all payments received by Lender under �,';
<br /> '�, u .'�"t;`:ti�� p�ragnphs 1 And 2 shall be applied:flnt,to late chprges due under the Note;second,to prepayment chu�a due under the
<br /> 'z�.' � ^ Notr,third,to�mounts psyable under puagraph 2;founh�to interat due;and Iwt,to principal due. �i�
<br /> �`" ; • j• 4� Cb�r�Lk�u. Borrower ahall psy all t�xa,aasesamenu�charges.8nes And impositions attributable to the . .-..
<br /> � d �:. � property which may +�tain prlority over thia Security Instrument, and leasehold payments or ground rents, if u�y. �'
<br /> r,:
<br /> ' � j�"' Horrower ahall psy thac obligations in Ihe manner provided in paragraph 2,or if not paid in that manner,Borrower ehall �°��
<br /> ,. - _..�.. ^ ; ;•u;• pay lhssn or.lisne directly to thc��n owed payment.eorrower shall prompUy furnish to Lender dl notica of amounts —
<br /> to be paid under this para�raph.[f Bonower makes thae payments directly,Borrower sh�ll promptly furnish to Lender _
<br /> . "�� ' receipta evidencing the payments. �
<br /> ;�; , Horrower shall promptly diechArge w�y lien which has priority over this Security Instrument unlas Bonower:(A) —
<br /> w�
<br /> � � agrees in wr�ting to the payment of the obligation secueed by the lien in a manner accepwble to Lender,(b)contests in gaod
<br /> ..•.,. " Paith the lien by.or defends against enforeement of the lien in.kgal praceedings which in the I.ender's opinion operate to �'"=4
<br /> � � prevent the enforcement of the lien or forfeiturc of any part of t6e Propeny;or(c)secures from the holder of the lien an r_-`.
<br /> ° "��� • agramcnt satiafactory to Lender subordinating the lien to this Security Instrument.If L.ender dctermina that any part of �,,=�_;
<br /> ., the Property is subject to a lien which may nttain priority over this Security Inatrument,Lender may give Borcower a �`_�,:
<br /> ,, ., . " notice identifying the lien.Borrower shall satiePy the lien or tske one or more of the actions set forth above within 10 days _
<br /> ' . of the�iving of notice.
<br /> � �'�?'�� ' ' S. Harard Inwnace. Borrower ahell kap the improvcments now existing or hereaRer erected on the Property �='
<br /> ` � ' insured agoinst loss by flre,ha�rda included within the term"eatended coverage"and any other har�rda for which Lender R -
<br /> ��� roquircs insurance. This imurance ahdl be maintained in the amounts and for the perioda that I.ender requires. The
<br /> � � a insuance carrier providin�the in�urance�all be chosen by Borrower subject to Lender's approval which sholl not be -__
<br /> � � unre�onably withheld. �
<br /> • , a� ' All insurance policies and renewals shall be acceptable to Lender and shell include a standard mortgage clauae.
<br /> Lender aholl have the right to hold the policies and renewals. If Lender roquires.Borrower shall promptly give to Lender
<br /> ' � f loss A orrower ahall ive rom t notice to the insurance �-'. ,
<br /> dl rceeiplt oP paid premiums and rcnewal notices.ln the event o , B p P ___
<br /> � „ " �, carrier and Lender.L.ender may make proof of loss iPnot made prompUy by Borrower. �_-
<br /> � � ' Unless Lender and Horcower otherwise agree in writing,insurance procecds shall bc Applied to restoration or rcpsir ��
<br /> ' of the Propeny damoged,if the restoration or repair is economically feasible and Lender's security is not lasened.if Ihe _
<br /> � `, ratoration or repair is not xonomically feasible or Lender's aecurity would be lessened.the insurance proceeds sholl be � •-
<br /> applied to the sums secured by this Sccurity Instrumenb whether or not then due,with any eacess paid to Borrower.lf
<br /> " Borrower a ban dons t he Property,or does no t answer wi t hin 3 0 d a y s a n o t i c e f r o m L e n d e r t h a t t h e i n s ura a ce carrier has �.__,
<br /> offered to settle a claim,then Lender may collect the insurance proceeds.Lender may use the proceeds to repair or ratore
<br /> , , ' the Propeny or to pay sums secured by this Security Instrument,whether or not then due.The 30-day petiad will begi� ;
<br /> • • when the notice is given.
<br /> Unless i.ender and Borrower otherwise agree in writing,any application of proceeds to principal shell not eatend or
<br /> ., postpone the due date of the monthly payments referred to in peragraphs 1 and 2 or change the pmount of the payments.!P �
<br /> under paragraph 19 the Propeny is acquired by Lender,Borrower's right to nny insurance policies and proceeds rcsulting r
<br /> " irom damage to the Property prior to the acquisition shall pass to Lender to the eatcnt of the sums secured by this Security `
<br /> � � lnstrumeat immediately pric+r to th�ncq��iai�inn. :
<br /> • 6. Preservatioa and Maintenance ot Property;Lea�eholds. Borrower shall not destroy,damage or substantially
<br /> � • change the Property,allow the Propeny to d¢teriornte or commit waste. If this Security lnstrument is on e leasehold. �
<br /> Borrower shall comply with the provisions of the lease,and if Borrower acquira fa title to the Property,the leasehold and i
<br /> Pa title shall not merge unless Lender agrees to the merger in writing. i
<br /> 7. Protection ot Lender'r RigAts in the Property; Mort�age In�urance. If Borcower fails to perForm the .
<br /> - ._ . _:a_ .�.._a
<br /> - —" covenants and agreements contamed m th�s seeunry ins�rumene,or inere is a iegai prcticc.ii��g i��a����ay 5ij��uu�di�•y a�n..
<br /> ' • Lender's rights in the Property(such as a praceeding in bankruptcy, probete, for condemnation or to enforce laws or �
<br /> regulations),then Lender may do and pay Por whatever is necessary to protect the value oPthe Property and Lender's rights
<br /> in the Property. Lender's actions may include paying any sums secured by a lien which has priority over this Security
<br /> . ••� Instrument,appearing in court,paying rwsunable attorneys'fees and cntering on the Property to make repairs.Although
<br /> . Lender may take action under this paragraph 7,Lender does not have to do so.
<br /> Any amounts disbursed by Lender under this paragraph 7 shall become nddi�ional debt of Borrower secured by this
<br /> Security Instrument.Unleu Borrower and l.ender ogra to other terms of payment,these amounts shall bear interest from
<br /> ' the date of disbursement at the Note rs+te and shall be payable, with interest, upon notice frc�m Lender to Borrower
<br /> requestin�payment.
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