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001407
<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 be paid on the Funds. Unless an agreement is made or :applicable ;aw
<br />requires interest to be paid, Lender shall not be required to pay Borrower any interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds arc pledged as additional security for the sums secured by
<br />1 this Security Instrument.
<br />if the amount of the Funds held by Lender, together with the future monthly payments of Funds payable prior to
<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 />at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments of Funds. !f the
<br />amount of the Funds held by Leader is not sufficient to pay the escrow items 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 Ihis 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 or its acquisition by Lender. any 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. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs 1 and 2 shall be applied: first, to late charges due under the Note; second, to prepayment charges due wider ute
<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 rnav attain priority over this Securi
<br />Borrower ty Instrument, and leasehold payments or ground rents, if any.
<br />,lion. pay these obligations in the manner provided in paragraph _, or sf riot paid in that manner, Borrower shall
<br />pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid tinder this paragraph. If Borrower makes these payments directly, Borrower snail promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Burrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable to Lender: (b) contests in good
<br />faith the lien by, or defends against enforcement of the lien n, legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any par ;.f the Property: or (c) ucures fmm the holder of the lien an
<br />agreement satrsfac:ory to Lender subordinating the lien to this Security Instrument. 1' Lender determines that any part of
<br />the Property .s subject to a lien which may attain priority over this Secure ;y Instrument. Lender may give Borrcucr a
<br />notice Identifying :he lien. Borrower shall satisfy the lien or take one or more of the actions set forth above within l0 days
<br />of 'he giving of notice.
<br />5. Ifazard Insurance. Borrower shall ke,p the imt?mvemclas nr'w cd.r, :ir,g or h—reafter erected on the Property
<br />insured. :gains! !Oss by fire. !:azards Included a Rhin the term "extended coverage" .:rid ;Inc other
<br />regtares rn•.urancc. This insurance shall he Mal n!atncd ua the ,irnilunts ;rid t;x the reriods that Lender requires. Fhc
<br />insuran c airier prnstdmg the u>surance ,hall he chosen by Porr,luer tin :lire_; s !.cnder's approval whlch shall rot he
<br />unreasonaniy u'rtiheld.
<br />All nsurance policies and renewals shall be acceptable to Lender and -•hail 'nr!udr .: ,,tar.dard moriz a clause.
<br />Lender shall have the right to hold the policies and renewa!s. If I_cnde; reglr.res. F, +rrnvvcr ,!iai; promptly give to Lender
<br />All receipt; :if?aid premiums and renewal notices. in rile event of loss, Borrower �Ilai! i.. - prompt nctace to the insurance
<br />carrier and Lender. Lendcr may make proof of lass if not made prr,mpth, by Borrower
<br />Unless Lender and Borrower otherwise agree in writing, ir,surancc p- oceeds shai: he applied to restoration or repair
<br />,f the Property damaged, If ;he restoration or repair Is economically feast`. le and 1.er,dcr's security is nor lessened. if tiie
<br />resroratton nr repair is not t ^onomically feasible or Lender's security would be 'r,scr,e :i, the insurance procecdN shall he
<br />applied to the sums secured by this Security Instrument• whether or riot iht•n due. with an.a excess paid tci Borrower If
<br />Borrower abandons the Property, or does not answer within 0 days a notrc0 irnal Lender That the Insurance carrier !s:,s
<br />offered ro.ettic ;I clalni, then Lender may collect the insurance proceeds. Li:r.,Ier mat• use the procc:.-.'„ io repass or
<br />the 1'r. per;,, ur to pay sums sec•.ired by rhos Security Instrument, whether ,)r riot ;hen due. The ? :; -dap period will h,I
<br />when the notice is given _
<br />LTriless Lender ;Intl Borroacr „therwisc agree in venting, an% a ppl,c :,t;cr of prrcecds ;n f rinclpal shall riot extend ' r
<br />pusipone thedue date of the month!,, payments referred To in paraF raphs ; and : or : haiife the ;vr.ount .N if :e I +avmenl :,. If
<br />bider par i?,raph 9 the Propel y Is 1cqurred by Lender, Borrower's rmht to any Inseuan v policies and r'n c ecds msuhsngt
<br />tom daattt t the l' : >peisy p lc r : t}.e acgwc,tion hall f.ass ro I -ender !o The extent I I Tiic •ums srcurecl tic 'L + +n secur,t •'
<br />instrumc,st "„nedr kcl} prior to the iccaulsition.
<br />6. Preservation and Maintenance of Property; Leasehalcts, i OM"iver s't.ii! ma , c,I!roN, damat hinge !Ihc P operiy aiicu he Prnpert, To deternrate "r ccrnrnrt %%as e
<br />If , „r' :ubslartl;i l
<br />Insuumrnt ,> r I Iran +,rhi.
<br />I+ a rowcr ilia'! corrinly with the. prove. ions of the !case. and if Borrower tr<,i :tie,, fee r ,!c To the Pr,,rt :r_c. the It %,seno,rl and
<br />fee tldcthail lot mcrgeunlcss Lender; grr•cs ro the merger III wrulrg.
<br />''. 1'rutection of Lender's Rights in the Property; Mcirtgage insurance. it i,, rrovvcr it:!,, to per,>rm the
<br />oversanis and agreements cc stained ran Ills Sc ,airy Irlstrs tent. +r then, Ic. 1' t ,r,i .,i that may sigmt nriv itL
<br />Lender's right, in the Pro eriv �,,h as a proceedinr, in t Tnkr.•ptcv t "h_nte, t, r ��'r.;!c rrnstu,n �,r I;, mein :_ ;,,is•, +
<br />regulations)- then Leader may do and pay fi +r • ,,hare, rr is nrres,n: y to parr I Th,, I1I •, +f rile Ptl +perk mid 1 ndcr'•.
<br />an the Prc:I•erty Lender's actu,ns +tav m; :h,)c ,av,r,t' ant �nms crier' i,v , !u•r ,th'�'i has rlsy ,c e; this �• .,.nl.
<br />Instrutncn , appearing in court. ;saying, rease+n.IO!e itforncys' Ccoa and entrillir ''n the Plopc,Ty to riake repaln Afill lwfT
<br />L ^nder may t:akt: action under this pa
<br />racrciph ''. Lc ^rib °r ,Boos n „r ha,,,r to' ±r so
<br />any Arnoulits disbursed by Lender under this paracniph ” vial( hoc nine addlt:unal ,L ht ri hinrrnn,•r ,rc.ii e'i t v ',I .
<br />5acurity [nsrrunncnt [lnless Horrovarr and Lendcr at rcc to littler Tonne of pa%rwnr :es' se ;inr+nnt, sh.iU t c :v i•iears esi nil
<br />the date of disnuts.ment at the Note nice and shall he pavahle, "kith rrttc•rl••,s. u? not :cr iIooi i cruder
<br />requesilnrt;,;t r ienr
<br />if Lender required mortgjee Insurmic;' ILK e condition of making tilt' ioali <Ce L'retl l +Y this Security In41;llin<'',I,
<br />Br M"r vet ,,haft pay the premiums required To masntrtm she nl,urnnce in CII'vct until such IImC as the rcouirenic^nt Val the'
<br />nsurancc ferrnuulles III accordanc•,. ,,vlsh Hon rowrr's and Lent :era s wru'en I�rc c ine tit uT uiq tl. ahlc I u
<br />H. Inspection Ltnd�• "r r Abe ill rnav make Ic as, +n able rite e t i, .m nil ti,uis Of tic 1'r 1 +, °rat} L rn,l� r
<br />shall give 0, III isce at the s:meofr,r prier tn,tit In,,prctlon ;a_rII ,,Iti ,ras,m.thie. acts,, s a rile uixpren,.i•
<br />9, Condemnation. The pros rerl5 of any awaid (It claim tor t',Ilnt er , ;II ecl 'r r. nv,1ne'n Lal. ,n t' +rtnr h•,n .tali
<br />:9ny ,tlrl;lr. S "ali( ?n or tither !akinit t'1 ;lily purl nl Tile I"T'Il "rT'iy, or Oor t„n ,,�P•. .11, e i9 .lcu '`r �(`IIt�CYIln011k,ri. Jle
<br />asslg:Ie:l arc) silxti he patd'.o l,errller
<br />9n t4ts evrait nP .a T „tlsl t IkllTg nI The Pr4perrg, the f,ne_rrtf; ch,lli I.,t. nil ;otfY t• ,lie ;ntu, u,r;l !,v •, ern'.
<br />1r a °T,ansr, sl .. ilk Tiler -r r<rT then iiue. -va+ 1 arts excPSR ?,;lilt to fio+ „wear ran
<br />. eS4 r�K 11,+ y. .t :�t i I sfvp (f. •.r.vl•�M ,MrR ^r1;1 Vt r'ilil G', ', �IrJtll ,<.'it�, r t - „_. ' li ,.'.'1! ,I i!,tli ,•
<br />'•' - =u ” 'Ira' , ,nn!hg-.il,.i; ,,r. Ill.. '.,Iluybini �CSCIIt;t1 �.,' iI, , -„ „ 1,,.,Ir+,, „I
<br />kYin, ri,,l ,hp I t I ':Irk ' r'I, ?,.i.. _
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