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<br />uNnTrRtd CtivE,NANrs. Borrower and Lender covenant and agree as follows:
<br />f €, �allAerll of lifteYpi and Islans4 Ptepsynleal and I.ale Ciargett, Borrower shall promptly pay when due the
<br />r i principal of and interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />3, Fm awk for Tom and Issuance. Subject to applicable law or to a written waiver by Lender, Borrower shall pay to
<br />= i Lender on the day monthly payments are due under the Note, until the Note is paid in full, a sum ("Funds") equal to one-
<br />twelfth of: (a) yearly taxes and assessments which may attain priority over this Security Instrument (b) y1y ease
<br />payments or ground rents on the Property„ if any: (c) Yearly hazard insurance premiums: and (d) yearly mortgage insurance'
<br />premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the basis of current data :
<br />"sad reasonable estimates of future escrow items.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured or guaranteed by a federal or
<br />stair agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items. Lender
<br />may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items, unless Lender pays
<br />Borrower interest on the Funds and applicable taw permits Lender to make such a charge. Borrower and Lender may agree is -
<br />writing that interest shall be paid on the Funds- unless an agreement is made or applicable law requires interest to be paid,
<br />Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender shall give to Borrower, without
<br />charge, an annual accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to
<br />the Funds was made. The Funds are pledged as additional security for the sums secured by this Security Instrument.
<br />If the amount of the Fonds held by Lender, together with the future monthly payments of Funds payable prior to the
<br />due dates of the escrow items, shall exceed the amount required to pay the escrow items when due. the excess shall be, at
<br />Borrower's option. either promptly repaid to Borrower or credited on monthly payments of Funds. If the amount of the
<br />Funds held by tender is not sufficient to pay the escrow items when due. Borrower shall pap to Lerider any amount
<br />necessary to make tip the deficiency in one or more payments as -required by Lender, -
<br />,:pan payment in full of all sums secured by this Security Instrument, d,er?der shall promptly refund to Borrower any
<br />Funds held by Lender. If under paragraph 19 The Property it stiid or acquired by Lender. € ender shall apply, no later than
<br />immediately prior to this sale of the Property or its acaursstion by Lrndrr, any Funds held by Lender at the time of
<br />application as a credit against the sum=_ secured by this Security Instrument.
<br />1. Apptiesdos of Parmeats, Units, applicable law provides otherwise, all payments me -eived by Leader under
<br />paragraphs 1 and 2 shall be applied first, to lair charges due undo the Vote; second, to prepayment charges due under the
<br />Note; third, to amounts payable under paragraph 2;, fourth. to interest due, and last, to principal due.
<br />A. C:Aarges: ikss, 9orrower shall nay - all'taxes. assessments, charges, Roes and-- impositecuts attributable to
<br />Property which may attain priority 1%rr this Security Instrument, and leasehold payments or ground rents, if any. Borrower,
<br />%hall pay these obligations m the manner ptc?vided in paragraph 2, or if True paid in that ensurer, Borrow °n snail pay them on
<br />time directly to the person owed payment Borrawet %hal€ promptly furnish to Lender all noticts of amounts to be paid under
<br />this paragraph If Borrower makes these pavtneets directly, Borrower ihall promptly furnish to Leader receipts evidencing the
<br />payments,
<br />Borrower shall promptly discharge any lien which has priority oser this Security Instrument unless Borrower: (a) agrees
<br />s in writing to the payment of the obligation secured by the two to a manner acceptable to Lender. (h) contests in good faith,,'
<br />the hen by. of defeods against enforcement of :he lien rn, legal proceedings which m the Lender's op pion operate to present
<br />the enforcement of the lien of forfeiture of any part of the Property: sir (c) secures from the holder of the hen an agreement
<br />;iatisfaciory too Lender subordinating the hen zo this Serenity Instrument. If Lender determine- ftr any part of the Property is
<br />subject to a lien which map attain priority ,vet this t.+te:urity Worriment, Lender may give Borrower a notice identifying the -
<br />ben. Borriiwei dull sattsf, the lien - cake one, irr mote of the actuates set forth above wythtin 10 days of the giving of notice.
<br />S. Hazard lasrrim", Borrnwcr inall Fete the anprca emerits now existing to hereafter t -aced ion the Property insured
<br />against loss by fire, hazards nciu:tcd within The term "exicuded corsengr" and any other hoards for which Lender requires
<br />tnsurarwe. Thts o surance shall zee inioniainctl in text amounts anti for the miods that Leader requires- The insurance canner
<br />providing the ;nsuranzt shall tic cho5eri ny Borrower iubuto, ro Lesidrr's approval which shall not be unreasonably withheld.
<br />All insurance policies and renewals shall he a"ieptable to Letsder and shall include a standard mortgage clause. Leader
<br />shall have the right to hold the policies and renewals. If Lender requires, Borrower Khali promptly give to Linder all receipts
<br />tof paid premiums and trruwai notices In the event of loss, Borrower shaft give prom'.pt notice to the insurarxr carrier and
<br />tender. Lender tnev make proof of loss if Trot "lade prrmpt3Y by Bcmmrtr
<br />Unless lousier and Borrower otherwise agree is wtivm& insurancex. proeeds shall he applied in restoration or repair of
<br />the Property damaged, if the restoration car repair is economically feasible 'arid Lender's security is not lessened. If the
<br />restoration, see repair is not evoriornically feasible or Lender's security would be lessened, the insurance proceeds shall be
<br />applied to the sum cerused by tfrts Sea:rrtty Inorutsrenz, - bather or not then due, with any excess paid to Borrower. If
<br />Borrower ahanditak the Pmrptiny, or dotes not answer within 10 days a notice from Leader that the insurance carrier has
<br />offered to settle a - _lair, Then Lender mat .oltrct the insurance proceeds Lender MSY use the proceeds to repair or restore
<br />the Property of to ;sap sums secured by ttis 4curim Instrument, whether in nor then clue. The Mr day period will begin when
<br />the notice is given -
<br />Lnkss Colder and Borrower otherwise agree in muting, any appilcation of pro*:reds To pnnctpai shalt' not extend or
<br />postpone the dut date of the monthly payments referred to in paragraphs I and 2 or change the amount of the payments If
<br />on kt paragraph 14 the Property is acquired by Leader, Wwrower's tight To an, insurance twAicies and pr+octeds resulting,
<br />from damage To the Ptoperns prior Ten the uquisition shall pass to Lendet to the extent of the sums secured by thin Secunty
<br />lnsrrsi -mint ,tnmtdraitfiy ;>tror nso ¢ht ucqu €setmr:
<br />a. Prtsersau" crud ?Mlalateaaucr of Property; Lessrlso)ds. Iititrgwer shat) not dtatrti3, damage of substantudly :hangr
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<br />he Property, allow the Property to deteriorate or commit waste. If this Security Instrument is on a leasehohd, Borrower shall
<br />comply with the provirtom of the lease, and of Borrower acquires fet title to the Property, the leasehold and fee title &hall not
<br />"Wile unless i.tnder agrees to the Mato to in writing.
<br />I. Prokirlbs of Leslsr "s its is the Properly: Mortgmgt lawns". If Burrower rails to perform the covenants and
<br />astitementt contained in this Ses�tsrily lnstturnrnt, or there is it legal pi'ocreding that mss usirlificantlr affect Lender's rights in
<br /># she Prowls twcir as a proceeding in hankrupt :y. probate; for condemnation or ins enforce laws of ictulatlonsl, then Lender
<br />may do= and par for whatever is nevessary to ptottct the value of the Property and Ltndrr "s Tights in the Puppetry Lender's
<br />wstirts may sinus paymit any sums se ored by a Turn whwh has priority over this S"voity Instrument, appearing in soutt.
<br />psYtng reasvrinablc a1mrsey's fees and entering on the Properly To make repairs.. Although Lender may take a ticin under thin
<br />paragrarrr "tender lore, rim lease arts &b To Any arruiunit daburtrd ray tender under ohs patsyraph ' shall broytive
<br />act W-iryi -,f lkt,te cr Wccrrtd try this 'wcurntm Instlument t,'nless tls4trisiwrx aced lender agree i,s esher temis <if-
<br />tisymrnt, +hrw W-4m% shwa !>rrr 'Wriell tr,tan She date of dithurstrne it sr the hoir rsir ant# shsP hr paiahie, siTh Weir"
<br />a�iw se; w -i "t spas:, 1 goifr c !'I ,gn-ati itq:texfias Psnrruot
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