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<br />$6--r 104'727
<br />LIN woRm C M FNA V7s Borrower and Lender covenant and agree as follows:
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower shall promptly pay when due
<br />the principal ofand interest on the debt evidenced by the Note and any prepayment and late charges due under the Note.
<br />2. Funds for Taxes and Insurance, Subject to applicable law or to a written waivertty Lender. Lorrower shall pay-'
<br />I;) Lender on the day monthly payments are due under the Note, until the Note is paid in NIL a sum ("Funds") equal to, _-
<br />one- twelfth of, (a) yearly taxes and assessments which may attain priority over this Security Instrument (h) yearly '
<br />leasehold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums_ and (d) yearly
<br />mortgage insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the
<br />basis ofeurrent data and reasonable estimates offuture escrow items.
<br />The Funds shall be held in an institution the do", its or accounts of which are insured or guaranteed by a federal or
<br />state agency (including lender if Lender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />;. Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items. unless
<br />'Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and
<br />Lender may agree in writing that interest shall he paid on the Funds. Unless an agreement is made or applicable law
<br />requires interest to be paid, Lender shall not be required tit pay Borrower any interest or earnings on the Funds: Lender.
<br />,shall give to Borrower, without charge, an annual accounting of the Funds shaving credits and debits to the funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender. together with the future monthly payments of Funds payable prior tic'
<br />the due dates of the escrow items, shall exceed the amount required to pay thee -sc row items when dice, the excess shall be.
<br />at Borrower's option, either promptly repaid it.) BmTower or credited to Borrower yin monthly payments of Funds. If the
<br />amount of the Funds held by Lender is not sufficient to pay the escrow cents when due. Borrower shall pay to Lender any
<br />amount necessary to make up the deficiency in one or more payments as required by Lender.
<br />Upon payment in full of all sums secured by this Security Instrument. Lender shall promptly refund to Borrower -.
<br />any Funds held by Lender. If under paragraph 19 the Property is sold or acquired by Lender, Lender shall apply. no later
<br />than immediately prior to the sale of the Property tar its acquisition by Lender, tiny Funds held by Lender at the time of
<br />application as a credit against the sums secured by this Security Instrument.
<br />3. Application of Payments. finless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs !and 2 shall be
<br />applied: first. to late charges due under the ;\tote; second, to prepayment charges due under ilia
<br />Note: third, to amounts payable under paragraph 2; fourth, to interest due; and last, to principal due.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges; fines and impositions attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold payments or ground rents. if any
<br />Borrower shall pay these obligations in the manner provided in paragraph 2, or if nett paid in that manner, Borrower shall'
<br />pay them on time directly to the person owed payment- Borrawcr shall promptly furnish to Lender all notices ofamounts
<br />to be paid under this paragraph. If Borrower makes these payments directly, Borrower shall promptlyfurnish to Lender
<br />receipt s evidencing the payments.
<br />Borrower shalt promptly discharge any lien which has priority over this Security Instrument untess Borrower- (a)
<br />agrees in writing m the payment of the obligation secured try the' lien in a manner acceptable to Lender; (b) contests in good -
<br />faith the lien by, or defends against enforcement of the lien in, legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any part of the Property. or (c) secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument, If Under deteoi roes "that any part of: _
<br />€ the Property is subject to a limn which may attain pnonty° over this purity instrument, Lender may gave Borrower a, -
<br />notice identifying the lien. Borrower shall sa usfy the lien or take one or more of the actions sec forth above within iG day+
<br />of the giving of notice.
<br />5. HazArd Insurance. Borrower shall keep the improvements now existing or hereafter'erected tin the Property
<br />insured against loss by fire. hazards included w�thtfl the term "extended coverage" ar€d any other hazardsfor aiticli Lender
<br />requires insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The
<br />insurance carrier providing the insurance shall be chosen by Borrower subject to Lenders approval which shall not be
<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 pihctes and renewals. If Lender requires, Borrower shall promptly give to Lender
<br />all receipts of paid premiums and renewal nottoes. in the event oflom, Burrower shall give prompt notice ra the insurance
<br />carrier and Lender. Leader may make p-ttof of loss if not made prom ptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in'wnting, insurance proceeds shall be applied to restoration or repair
<br />of the Property, damaged. if the restoration or repair is economically feasible and Lenders security is not lessened. If the
<br />restoration or repair is not economicaily feasible or Lender's security would be lessened, the insurance proceeds shall he
<br />applied to the sums secured by this Security Instrument, whether or nett then due, with any excess paid to Borrower. if.
<br />Burrower abandons the Property,_or does not answer within ?D days a notice front Lender that the insurance carrier has
<br />offered to settle a claim, then Lender map collect the insurance proceeds. Lender may use the proceeds to repairorrestore
<br />the Property or it) pay sums secured by this Security Instrument, whether or not then due. The 30 -day period will begot
<br />when the notice is given.
<br />Unless Lender and Borrower otherw iw agree in wasting, any application of proceeds to pnncipal shall not extend or
<br />pororfone the due date of the monthly payments referred to in paragraphs 1 and 2 or change the amount of the pavirwrits. If
<br />snider paragraph 19 the Property is acquired by Lender, Burrower -, right to any insurance policies and proceeds resulting
<br />from damage Io the Prolcrty pnor to the a,:quisiuon shall pass to Lender tti the extent of f the sums secured by this'Sictolo,
<br />Instrument ttnmediateiy prior to the acquisition.
<br />b. Preservation and ;`Maintenance of Property; Leaseholds. Borrower shall n € >t desirtsp. dantage fir substantially
<br />change the Pruperi;. allow the Prapertp to deteriorate or commit waste. If this Securns instrument I,, on a lezwherld.
<br />Borrower shall comply with €lie pro, isions of the lease, and if Borrower acquire. fee mtle to the Property, - the leascheild and
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<br />7, Protection of Lender's Rights in the Property; Mortgage Insurance, if Borrower fain to txrforin the
<br />col,coants and agr vtocros contaned in this Sevuru% instrument, tit there is a legal Pto seeding that inay signiticaroly aftee.
<br />-- Icndcr`i rights in the Property (such as a prex,eeding in hankruptcy, primate, for N :ondemnallart sir It, entotce law, of
<br />regulations), theft Lender may do a,rd pay for whateycr is necessary tti protect the vahir of the Pntlxriy and Leruler'srigb4
<br />in the Property I- endar °s actions mutt include paying any sums secured by a lien which has priority a,,er !fits' SeVurity
<br />Instrument, uppcartnii in court. paying reasurfabiv attcrrieya fens and etue rnig oo the I`roperli I,, make rep;oi, tlhh rays)
<br />Leudet riot ;akr a,tu,n under this patag,raph 7, 1_eoder does not haic tea do %
<br />Ao Alli, hail, diNhiowd h8 1Oldet under Thi, patagraph " Jolllr on,e iddiiwoal JVfif tat fit *srtwca sett tt ales
<br />y}I" -erAl Y1i4 1n-r tzwm�ta l.n ?t'i, Baao,%et -,nd I.endel agrecloeiihr tcrnl, 0 pal awili, Ili €,N; aril wil,,hWll b.'ii - cite "g °,t "' f"
<br />the ='lair ; *! d'sh"twal' rt tt i-,a ',kite *,rte .ind Nil. It Tae I'Al'ihic wi!h '1114 le'?, tepoit II,m,,( I If" I- 1 C'iile f !,1 1 },.ii,ii�t
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