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<br />L'Nll -0RM, C(AE'VASrs Borrower and Lender covenant and agree as follows
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Borrower -,ha) l promptly pa} %s "hen due
<br />he nrtr cap i{ of and inrereet .,n the debt evidenced by the Nate and ,any Prepayment and late charges due under the Note
<br />1 Funds for Taxes and Insurance, Sut jest eta applicable law or to a written waiver by Lender. Borrower %hall pay
<br />to Lender on the day monthly payments are due under the Note. until the Note is (said in full a sum ( "Fund-, ") equal to
<br />onc- twelfth of. (a) vearly taxo, and assessment-, which ma} attain priority over this ;Security Instrument: ib) c'early,
<br />leasehold payments or ground rents on the Property, if any; (c) yearly hazard insurance premiums; and (d) ytatdy
<br />'mortgage insurance premiums, if any. These items are called "escrow items." Lender may estimate the Funds due on the
<br />ihasisafcurrent data and reascsnahleectimate offururecscmuitems
<br />The Funds shall be held in an itisiitution the deposits or accounts of which are insured or guaranteed b} a federal or
<br />Mate agency (including Linder if Lender is such an institution). Lender shall apply the Funds to pay the escrow items.
<br />Lander may not charge for holding and spplying the Funds, analyzing the account or verifying the escrow items, unless
<br />Lender pays Borrower interest on the Funds and appticatile law permits -L en&t to make such a charge-. Iic±rrower and
<br />Sender may agree in writing that interest shall be paid on the Funds. Unless an agreement is -,-,tads or applicable law
<br />rcquir-es interest to be paid. Lander shall not be required to pay Borrower anv interest or earnings tin the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds tho'wsngcredits and debits le-? the Funds and the
<br />purpose for which each debt to the Funds was made The Funds are pledged as add ittonal security for the surns secured by
<br />this Security Instrument.
<br />If the amount of the Funds held by Lander, together with the future monthly payments ofFunds payable prior To
<br />the disc dates of the escrow items, shall exceed the amount required to pay the escrtrw item. when dire, fire c less shall be
<br />at Borrower's option, either promptly repaid to Borrower :or credited to Borrower sin monthly payments of Funds- If the
<br />amount of the Funds held by Lender is not sufficient to pay the escrow items when due Borrower shall pay to Leader art)
<br />amount necessary to makeup the deficiem v in one or more payments as required by Lender.
<br />Upon payment in full of ail sums secured by this Security Instrument. Lender shall promptly refurad to Borrower
<br />any Funds held by lender- if under paragraph 19 the Property is sold or acquired by Sender, Lender shall apply, no later
<br />than immediately prior to the sale of the Property or its acquisition by %ender, any Funds held by Lender at the time cif
<br />application as a credit against the sums secured by this Security Instrument.
<br />3, AppBcation of PaF its L'nitst applicable taw provides otherwise. all payments received by Lender under
<br />paragraphs 1 and 2 shat) tie applied: first, to late charges due under the Note: second, to rrepayrrteni charges due under the
<br />Note; third, to arnountspayableunder paragraph 2: fourth. to interest due: and last, toprncipaiduce
<br />♦, Qnrytm Liens. Borrower shall pay all "taxes. assessments. charges. fines and irupositams rtributabie to the
<br />Property which may attain priority over this Security Irrstrumient. and leasehold payments or ground rents. if any.
<br />Borrower shall pa} these obitgations in the manner providcd in paragraph --.,or if clot paid in That ma niter, Borrower shall
<br />pay them cur time directly to the persons unwed payrncYit_ Borrower shall pm. nptly furnish to Lender alt notices of amounts
<br />to be paid under this paragraph. If Borrower makes these payments directly. Borrower shall promptly furrosh to lender
<br />receipts es•tdencing the payments.
<br />Borrower shall promptly discharge any hen which has prutnty over this Security _Fnstrunten[_urdess Boni wer_ tai
<br />agrees in writing to the payment of the obligation secured by slit Betz in a manner acceptable to Lender, (b)conitests in -good
<br />l i:h the lien M-, or defends against enforcement of the lien in, legal procted.ingii which in the Lender's opmacmtoperzatt to
<br />prevent the enforeement of the hen or forfeiture cif any part of the Property; or (c) secures from the holler of the lien an
<br />agreement satisfactory to Lender subordinating the hers to this Security Instrument. Lf Lendei dtterinmes that any part of ,
<br />the Property is subject to a lien which ins% attain priortis over this Stzutity Instrument. Leader may %titre Bririei%lCr a
<br />morose identifying the lien. Borrower shall satisfy the lien or take one or more of the actions set i'mh Above within Its day,%
<br />al'tht giving of rtOtii:e
<br />5. Hazard insurance. Borrower shall keep the irnlxrovcmeno, now existing or hereafter erected tin the Property
<br />insured against loss by fire, hazards meluded within ;he term -extended covrrap- and any other hazards for which Lender
<br />requires insurance - "This insurance shall tie mamiatirred In the amounts and for the p, rinds that Lender requires: The
<br />iasuratwe casrrier providing the insurance shall be chosen by Borrower subject to Lender",, approval which shall not be
<br />unreasoaiably withheld
<br />All insurance policics and retiewais -)-tall to Lender and shall include a standard mortgage clause-
<br />Lender shall have the right to hold the pohcre*. Aud renewals, If Lender requires, Borrower shall, promptly give to Lender
<br />All receipts cif paid premiums and renewal notices.. In the event of let's, Borrower shall give prompt notice to the insurance
<br />carrier acrd lender. Lender may make proof of kiss if rust made promptly ley Borrower_
<br />L'n"s Lander and Borrower othcrwisce agret in wrouig, jnsurancz proceeds shall be applied to restoration or repair
<br />of the Property damaged. if the restoration cu repast us coonomicallt fcasi*ble and Lender's security is not lessened. If the
<br />restoration of repast is not cxc:ntrmicall} ittasible or Lender :s security would be ic%scned the insurance proceeds shall be
<br />Applied its the suns secured) h} this Security Instrument, whether or nee then due, with any excess paid to +Borrower. If
<br />Tforritwer abandons the Property. or dusts ncit answer %ohm i citys a nitre from Lertdtr Thai the insurance carrier has
<br />atlfered to settle a i_ iasim. !hen Lender may colic. t the insurance proceeds.. Lender -,nail use the proceeds to repair or restore
<br />the Property air tit pay rums uncured b} this Security Instrument, whether or not then due_ The O day peruA will begin
<br />%+hen the notice is giv eft
<br />l ties i ender and &arro%%a otherwise agree in writini, any applicatuiv cif proceeds to prmciptad shall not extend tit
<br />posipc,nc thr due dace ;if the me r t ha,, rsay men!* referred to in paragraphs l and 2 or change the amount of the payments. if
<br />under paragraph 114 the Property is acquired irn Leader, Borrower's right to any inkuiruncePohrres and ptoictcds resulting
<br />front damage to the Property prior it, the acqumtton ,hall pass to Lender to the extent of the sums scoured b} this Security
<br />Instrurent immediatcl% prior to theacqutsititrrt
<br />b. Presaervatinn and Maintenmwe of Proper"-, lam. Borrower shall n.,1 destroy. damage it i ubsransjl14
<br />change the Propert }. allow the Property !o dezrrioratr i,tr ctimma waste If ill., - V-,urtt} Imat imens is teat a ieasch*ild.
<br />Borrower %hall comply with the proiisions.tt the lease. and sf Brtrc *sari a<rtuatcs fee toile its the Propert) =he leasehold and
<br />Y, Protection of Icnder's Rig#sts in tree Property; Mortgage Insurance, If Bttrrowet fails w pSrtor ;;r: ThIC
<br />etry°eriarntu And agteamcrits ccttita.riesl'in this Scc-urnt lostrunwoz,, or there rs a legalprcawecding that may sigatifi 4911s AV€ T
<br />i,ctadcr "s rights in thr Propert) (%wb as a proceeding iii bankruptcy. probate. fut ci?iidemnanort err te, enforce tone or
<br />rrgulstr nWn then lender mac tic, and pia) for whatever is oeceasary !a, PYCIteCI the valet of Ilse Prarpett and t.endcr ',s rii;LHs
<br />in the, 11r sf arty Lt"icler's a uitiv rna} include paying air} aunts uec urcd %} a het% which has fire rit_y o %cr tlrts .--cU1 %
<br />- ,'tistruatieni- at litca ring in ",tort, pasrmg reasonable attorneys' fors and entering tin (tie l'topert } i -y maker iepaii s Alths,ugh
<br />i i dri rna,, hike action under this paragraph l. i ender dtxc not hair ter do so
<br />Aftt art iv,,4m d utsed bN I rn,ct under this pat agfArth ? r,ha t lvcoaw addetiq al orbs of 4'mista><,r C, wed' = °, iii+
<br />is r,srrrt n lrecrr uwr r lr rikts Baq wwet and ).outer agree 1:, other term, A pare er t rhws.v a tiount, %ftanll t rif a 5�etr,. ?r�
<br />the ttsxri •„ Gak1.Pq,7 Cy,.- tFa ^ivt ai aiir, Nme r-,y tr :iflit OiAll he jtA` tthlr, %or, °iitC "arti tt -4'j, n "+ir,JV 1'r—It 1 - ,16': it, f
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