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UNIHQUet0i%+,%A!sts Na and agree as I ,flo. k,
<br />1. Pay of Principal and Ingram 'st. Prepayment #n4 Late Clhargv* Horl"'ACT Oha;t rracmlpils a wi -wu ;lira,
<br />the ptnncip al of ,,nod interest am the dcahi evidenced by the 'tic ?te and any prep. €xn;erat and h?pt . ]lints, t §_xa ullcle'r ih,'',* ge,
<br />I'mulls, for axesan4 insurrrance Subject tt3 applicable law Of it, a Writte -in waja'cs f)" Vender, if:sr €o %v 'h4l! I a°
<br />it) Lendtlr on she day monthly [M. yinerns are due under the Note, unit! the Nme as plaid in full is awn U lmf5 e equal 1r;
<br />one- w fifth of, (a) yearly taxes and saisessmeaus Which fits .atfarii priority over This Sec'tira�,"Irn'3trursaerat, 4tap t ar4
<br />le ehtxid tmynients or grouiad -rents on the en4witty, if any; (c) ycmiy haa;ar, irisatranc grdaaoaua€s, and tai
<br />orlgc aasirance premtams, if are These sctrsnre called "escrtaatems Lcsadcr ilia., carsaat2 ti, Fitats a i, c
<br />xa the
<br />haws ol'currc eit data and reasonable items,
<br />The Funds shall he held in an antitulion the deposits or accounts of whi h ;are, ins €a,ed •3r g,i311wvc l,a s cler:al i;r
<br />state ,agency fincludang Lender Lender is such an untitutiaint I!ettder shall apple the to pas ilic cScr <,, s ne'mN,
<br />Lender trial` not charge for holding and applying the Fund% arralvnig the account sir yerifyang ;lac ,°it's °ow ilenis, i nkess
<br />Lender pay-, If IMescc' interest on the Funds and 'applicable law permits I.eside °r to ulaPe such a Jimge,?Ffttrrower aand
<br />Lender may -agree in writing that interest shall he paid on the funds unless an sgr,eerrienl ds m aaic orappliciuile isw
<br />requires Interest to he paid. Lender shall not he required to pay Borrower and interest or eaan,;sags lan file Funds 1Fend, :r
<br />,halt give to Porrower, without charge, an annua] 3cu3unting of the Funds shoae•I g credits and defa.is in tt'ic Funds and the
<br />purpose for which each debit to the Funds 'as made. The Funds are pied gcd as addisionaI . c.,rito ir,r Oil: mus s: c ur cd hs
<br />this Security instrument.
<br />If the amount of the Funds held hs Lender. together with the future ninnihh payf.lerits of I .inch, pas sb' t,rior I
<br />the due dates of the tsc row items, shall exceed the amount require to pay the escros+ it erns 'hell due. the uses, shall he,
<br />at Borrower's option. either promptly repaid to Borrower or credited to Borrower on monahl. pav'rnents o£ Funds. if the
<br />amount of the Funds held by Lender is not sufficient in pay the escrow items when due. Borro "er weal I f:ay t., Lender all
<br />ammount neces,ary to makeup the defiefencv in one or more payments as required by Lender.
<br />Upon payrnertt in full of all Burn, secured by this Security Instrument. Lender shall prompt]', refund to Borrower
<br />arty Funds held by° Lender. If under paragraph 10 the Propert, is sold or :acquired by Lender, €.ender shall apply, no later
<br />than imnaediatch prior to the sate of the Property sir its acquisition by I ender. any Fund, held by Lender ,t the dime ld
<br />application asa credit against the sums sccured by this Security Instrument.
<br />3. Application cif Payments. Unless applicable law procides reherwise. all paynaet,ts receiird by Lc ;des under
<br />paragraphs I and shall he applied: first, io laic charges due under the ti , ' second. t� prepay meat charges duc under the
<br />siote: third. to amounts payable under paragraph Z: fourth, to interest due: and last. in principal due.
<br />4. Charges; Linens. Borrower shall pay all taxes. assessments, charges. fines "fill impositions aattrihu.ahle ter the
<br />Property= which may attain priority over this Security- Instrument, and leasehold lra}rneras Or ground rents, if anti.
<br />fhariowcr shall pay these ohligaiions in the manner provided in paragraph ?. or if not ]raid in that manner. F3r:rra,wer shall
<br />pay them on time directly to the person owed payment. Borrower shalt pr;mpily furnish to Lender all notices c.f ariac,t_ints
<br />to be paid under this paragraph. If Borrower makes these payment. directly. Borrower shall prompt}} furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien w=hich has priority over this Security Instrument units, Borrower tat
<br />agrees in writing to the payment ofthe obligation secured by the lien in a manner acceptable to Lender: Ib) comes], in good
<br />faith the lien hy, or defends against enforcement of the lien in. iced] proceedings which in the Lenders opinion operate io
<br />prevent the enforcement of the lien or forfeiture of any part of the Properiy: or (c) secures from fire holder of the Bert an
<br />agreement satisfactory to Lender sutmrdmating the lien in this Security Instrument. If Lender determines that any part of.
<br />the Property is subieci to a lien which may attain priority over this Security Instrument. Lender may give Borrower a
<br />notice Identifying the lien. Borrower shall satisfy the lien or take one or more of the actions Set fertlt :abode w`!l hiin M dad s
<br />of the giving of notice.
<br />5. Hazard Insurance. Borrower shall keep the improvements now e:cstnrg or hercafft.,r c c :d :m .?:e Pr open.
<br />insured against loss by fire, hazards included within the term "extended, Covcraed and any other hziiards for' liich Lends
<br />requires insurance. This insurance shall he maintained in tine amounts and for the perods ]fiat. Lender iequires_ The
<br />insurance carrier providing the insurance shall be chosen by Borrower sub#ect in Lender's appmvaa! Ahich Shall not N:
<br />unreasonably' withheld.
<br />All insurance policies and renewals shall he acceptable 10 Lender and shall inciude a siaiidard mortgage ciausc.
<br />Lender sh:3i have the right to hold the policies and renewals. If Lender requires. Borrower shah promptly rive tc. Lender
<br />all receipts of paid premiums and renewal notices. In ih <_ event of loss. Borrower shall rtia e pr mpi notice to the inurance
<br />carrier and Lender. Lender may make pro ol'of toss if non made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing, insurance proceed, shall be applied , !c2ior23 11 on fir repair
<br />of the Property damaged, pf the restoration or repair is economically feasibiC and [grader s serurit r, not lessened If tic
<br />restoration or repair is not economically feasible or Lenders security could he lessened, the i;asurancc proceed, ,hall try
<br />:applied to rite scams secured by fills Security Instrument, whether or not then due. whit alt% excess laid to Horrosa;es. 11
<br />Tkirrower abandons the Property, or dotes not answer within 30 days a notice from Lender that the inmirancL, c a =rice leas
<br />offered to settle a claim, then Lender may collect the iri,uaance proceeds. Lender Wray use the proceeds t„ re ,air or =Jest fir:_
<br />the property or u, pay Sums secured by this Security Instrument, whether sir not then due The 310 -etai, Period wild l-'e.g-n
<br />when the notice is given.
<br />Unless Lender and Borrower othe,nssse agree in "riling. any application = f pi- ocecd, f.) p rincipai shall : ez,end .
<br />postpone the due date of the monthly payntrmis referred to in , ,.r, ,rtaphs 'in.d 2 or chinpc Tire amt u,i! o r tin a%;- 1,..tr�_ P,
<br />under paragraph 19 the Property is acquired by Lender. Borrower's right to any ;nsuranc policies and peels e a - result in•
<br />frond damage to tine Prvlxri,y prior it) the a.quis;tion shall pass u? Lender .; tits emeot fit' i;e . -.urns sectored ±, thl, Senir,ta
<br />I nsi ruraocni imrncchately prior to the acgaisit ion. -
<br />6. Preservation and Maintenance of Property: Leaseholds. t r,; .rst;, , . ,+ a c <, ,.,��,:j -
<br />change the Property, aiiow the Property to deteriorate or :cinirw wanic- 11 IL,_ 1cs•.ri List :;, ..,t , +ll , �a.rl,;iu.
<br />Horrower shall ctsn,piy with tire pro.iSwnn of the lease. and if Horrcower acquire, f Vc tale t;) the Ploperts the
<br />fe€ true sham! not merge unless Lender agrees io the merger in "°rmng
<br />7. Pro tiazn of Lender's Rights in the Property: Nlortg",v Insurance. 11 B"'r,'"cl Mils t=. ; l 6<
<br />xs; Mantc asad agrrcrrmcnis eo?r,taintn in fill, Sccurifc ltd,treencr•t, or kt. rc !'al legal, l =r:k e,rir ; di'lT r ac .,,.,k
<br />I- Cnde'r', rfglits in ilic Pro r"'c:rty isuch as a ;reel ceiling iia Im,h:afe, f11T "I
<br />r€gul $taaaasl, then Lcildcg niay r.lo and pang i ,r mthate,et ;,r„tcrc' th, I , • ,,e, , r lehz,
<br />in tinc PF?perik_ 1 Cride'rh +i:trons antay 1m :h; fie pacaama arcs NUM, lint ai c9 `» :. het , .0a, ha pTIOW
<br />t z4^a4r4R,b cni, Appearing In C.( W'' t4i mp, `c.3,C *I,�f.iC' &t�. , r z V's° ILes'Ind cnlellilk ( Ic i�r -L i , . ._ = i.��c :: li V!ho,;.!
<br />os3 i.r ivar lakraa ii,_rtt under Ih&,;raragraa h ", l ha", i, ,>, s,
<br />krsy' Inn; aarzgye: amrxcrtwihslerni3strtirta9vrt }u „sm.rapl, s!iza,tk v_(nr ,.,Ti „[ti •�.is.,,. °urn; #i.+
<br />sc-'untS insifetTaviii tlOcss tfa:r wrr aatd 1.4•1 =jcl ja,.r I ,:> he. Terri; 1 3
<br />tfw .-t[: t cP`.OsU6wmcno �It a”: '"s =SC !-,i -c
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