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<br />lf:0RM Cnt•FNA%7s Borrower and Lender covenant and agree as foll-
<br />interest. Prepayment and Late Chortles, B,,rrrw rr shall nrOntntly par whin duo
<br />1. Psvenrnt of Principal and
<br />the principal of and interest on the dept evidenced by the Note and any preravmeni and late chart rs due under the time.
<br />•..+i:r by Lender. B ermwer shall pay
<br />2. Fwank for Taxes and liltircwaaer. Subiecl to applicable law or to a w'ri't:.
<br />to Lender On the nay monthly payments are due under the Nnte. until the Note is ratij tr, full• a sum ("Fund,;'-) equal to
<br />Security Instrument; (b) yearly
<br />:one- twelfth of: (a) yearly taxes and assessments which may attain prinnty over tills
<br />the Property, if am; (c) yearly hazard insurance premiums; and (d) vrarly
<br />} easehold payments or ground rents on
<br />mortgage insurance premiums. if any. These item% are called "escrow items." Lender may estimate the Funds due On the
<br />bads ofcurtrnt data and reasonable estimates Of future escrow items.
<br />The Funds shall be field in an institution the deposits Or account-. Of which ate in %ured or guaranteed by a federal or
<br />state agency (including Lender if Lander is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />or verifying the escrow items, unless
<br />Lender may not charge for holding and applying the Funds, analyzing the account
<br />Lender Borrower interest on the Funds and applicable law permits Lender to maize such a charge. Borrower and
<br />law
<br />pays
<br />in that interest shall be paid on the Funds Unless an agreement is made or applicable
<br />Lender may agree writing
<br />requites interest to be paid. Lender shall not be required to pay Borrower any interest nr earnings on the Funds. Lender
<br />and dehils to the Funds and the
<br />shall give to Borrower. without charge., an annual accounting Of the Funds shnwing credits
<br />The Funds are pledged as additional security for the sums secured by
<br />purpose for which each debit to the Funds was made.
<br />this Security Instrument.
<br />Funds held by Lender. together with the future monthly payments of Fund s payable prior In
<br />If the amount of the
<br />the due dates of the escrow items, shall exceed the amount required to pay the escrow items when due. the excess shall be.
<br />monthly payments of Funds. If the
<br />at Borrower's option, either promptly repaid to Borrower Or credited to Borrower on
<br />amount of the Funds held by Linder is not sufficient to pay the escrow items when due. Borrower shall pay 1 . Lender any
<br />amount necessary to make up the deficiencv in one or more payments as required I+v Lender
<br />by this security instrument. Lender shall promptly refund to Borrower
<br />Upon payment m full of all sums secured
<br />anv Funds held by Lender. If under paragraph 19 the Propenv is sold or acquired by Lender. Lender shall apply. no later
<br />Funds held by Lender at the time Of
<br />than immediately prior to the sale of the Property Or its acquisition by Lender, any
<br />application as a credit against the sums secured by this Security instrument
<br />Unless applicable law provides otherwise. all payments received by Lender ua r
<br />3. Application of Ps9aretits.
<br />i and 2 shall he applied: first, to amounts payable under paragraph 2; second, to interes'z
<br />paragraphs
<br />due; and las*_, to principal due.
<br />+. Cites Liens. BO Tower shall pay all taxes. assessments, charges. ones and impositions attributable to the
<br />leasehold payments or ground rents, if anv.
<br />Property which may attain priority over this Security instrument, and
<br />Borrower shall these Obligations in the manner provided in paragraph 2, or if not paid in that manner. Borrower shall
<br />pay
<br />pay them on time directly to the person Owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />Bnrmwer shall furnish to Lender
<br />to be paid under this paragraph. If Borrower makes these pavments i irtc!ly. promptly
<br />receipm evidencing the payments
<br />Borrower shall promptly discharge anv lien which has priority Over this Secunty' In, unless Borrower
<br />in g od
<br />agrees in writing to the payment of tine obligation secured ht the lien in a manner acceptable to Lender. (b) cent est% in good
<br />to
<br />faith the lien by, or defends against enforcement Of the lien m. legal proceedings which in the Lender's opinion operate
<br />secures from the holder Of the lien an
<br />prevent the enforcement of the lien or fOrfeiture Of any part of the Property: or (c)
<br />Lender the hen if, this Security Instrument. if Lender determines that any part of
<br />agreement satisfactory to subordinating
<br />the Property is suhiect tO a lien which mac attain pnotilc over this Security Instrument, Lender may give Borrower a
<br />the actions set for th above within ]0 days
<br />notice identifying the hen. Borrower shall satisfy the lien Or take One or more of
<br />of the giving of notice.
<br />S. Hazard lnsarance. Borrower shall keep the impmyements now existing or hereafter erected on the Property
<br />"extended other hazards for which Lender
<br />insured against loss by fire. hazards included within the term coverage" and any
<br />insurance. Tbis insurance shall be maintained in the amounts and for the periods that Lender requires. The
<br />requires
<br />insurance carner providing the insurance shall he cho,er 'm Borrower subtect to Lenders approval which shall net he
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be acceptable to Lender and shall include a standard mortgage clause.
<br />Lender shall have the right to hold the policies and renewals if Lender requires. Boo, ewer %hall promptly give to Lender
<br />all receipts of paid premiums and renewal entices In the eyent of less. Borrower shall give prompt notice to the insurance
<br />carrier and Lender. Lender may make proof of loss if tint made promptly by Bnrmwer
<br />insurance shall he applied to restoration or repair
<br />Unless Lender and Borrower Otherwise agree in writ me, proceeds
<br />Property damaged. of the restoration or repair is economically feasible and Lender's security is not lessened if the
<br />of the
<br />restoration or repair is not economically feasible or Lender',, security would he iv%wned, the insurance proceeds shall he
<br />not then due• with any excess paid to Borrower. if
<br />applied to the sums secured by this Security Instrument. whether or
<br />Borrower abandons the Property. or does not answer within 70 days a notice from Lender that the insurance carrier has
<br />olfered to settle a claim• then Lender may collect the insurance proceeds. !_ender may use the proceeds to repair or restore
<br />or not then due The 30•day period will begin
<br />the Property or to pay sums secured by this Security Instrument, whether
<br />when the notice is given.
<br />Unless Lender and Borrower otherwise agree in writing. any application Of proceeds to principal shall not extend or
<br />I and 2 or change the amount of the payments if
<br />postpone the due date of the monthly payments referred !n in paragraphs
<br />under paragraph 19 the Properly is acquired by Lender. Borrower's right to any insurance Niicics and proceeds reaching
<br />from damage to the Property prior to the acquisition shall pass to Lender to the extent of the sums secured b} this Stcunt}
<br />Instrument immediately prior to the acquisition
<br />6. Preservation and Maintenance of Property: Leaseholds. Borrower shat! not destroy. damage or sub%tantialh
<br />change the Property, allow the Properly tri deteriorate or commit waste if this Security 1n%trumeni is on a leasehold.
<br />fee role to the Properly, the leasehold and
<br />Borrower shall comply with the provisions of the lease. and if BOrrOwCr acuuires
<br />fee title shall not merge unless Lender agrees to ! he merger in w•r ling
<br />7. Protection of lender's Rights in the Property: 'Nongatte Insurance. If Borrower fails m perform the
<br />covenants and agreement, container) m this ze urn instrrimertt, nr there is a legai prr.cerdmg that may significantly affect
<br />ter condemnation Or to enforce laws or
<br />Lenders rights in the Property iuuch as a proceeding in hankruptcy, probate.
<br />then Lender mac do and pav for whaieser n meces%ary to protect the value of the Property and Lender's rights
<br />regulation).
<br />in the Property Lender % actions may include paying am urns secured by alien which has pn n ori o+cr this Security
<br />i}ie 1'reprriv to make repairs Although
<br />ln,trumeni, appearing in court, paving reasonable artornin errs and c•nlenmg nn
<br />Lender may take acitort under this paragraph Lende 1 Ks not nave ;t• gin sO
<br />,Any amount, disbursed h+ Lender rind---T tiii pa + r.q+ 7 shall hecone- addirinm;al deht of BOrtt+wer sruired by this
<br />hear, from
<br />secunty Instrument Unless i3onower and I r nary c hi r , -ro— of pavm i . ii ese ,rnol mt: shall it ierrsa
<br />• fr.•m i ; ^xiei i�• }tt,rrnwcr
<br />t"
<br />1; .. ihn .. rte o+ic-,- t ,, .,,ii:•-
<br />the date of dr +hunement at ih�- ,sir ,i. ,nr.
<br />ci?
<br />requeaing pa,. ment
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