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<br />85--.
<br />001894
<br />Lender pays Borrower interest on the Funds and applicable law
<br />Lender may agree in writing that interest shall be c
<br />on
<br />ror
<br />paid the Funds.l[U less ant agreement s made
<br />requires interest to be paid, Lender shall not be required to pay Borrower any interest
<br />applicable law
<br />shall give to Borrower,
<br />or earnings on the Funds. Lender
<br />without charge, an annual accounting of the Funds showing credits and debits to the Funds and the
<br />purpose for which each dehit to the Funds was made. The Funds
<br />this Security Instrument. are pledged as additional security for the sums secured by
<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
<br />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
<br />amount of the Funds held
<br />on monthly payments of Funds. If the
<br />by Lender is not sufficient to pay the escrow items
<br />amount
<br />when due, Borrower shall pay to Lender any
<br />necessary to make up the deficiency in one or more
<br />payments as required by Lender.
<br />any Funds held b Upon payment in full of all sums secured by this Security Instrument, Lender shall promptly refund to Borrower
<br />tor
<br />than immediately prior
<br />iitts acquisition lby Lender, @ ny Fundsehe dLender
<br />to the sae of the Property apply,
<br />application as a credit against the sums secured by b eLender at the time
<br />this Security Instrument. of
<br />3. Application of Payments. Unless applicable law
<br />provides otherwise, all payments received by Lender under
<br />paragraphs 1 and 2 shall be applied: first, to We charges due under the Note; second, to
<br />Note; third, to amounts
<br />prepayment charges due under the
<br />payable under paragraph 2; fourth, to interest due; and last, to principal due.
<br />i 4. Charges, Liens. Borrower shall all taxes,
<br />pay assessments, charges, fines and impositions attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold payments
<br />Borrower shall pay these obligations
<br />or ground rents, if any.
<br />in the manner provided in paragraph 2, or if not paid in that manner. Borrower shall
<br />pay them on time directly to the person owed payment. Borrower
<br />shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph. If Borrower makes these payments directly, Borrower shall
<br />receipts evidencing the
<br />payments. promptly furnish to Lender
<br />Borrower shall promptly discharge any lien which has
<br />priority over this Security Instrument unless Borrower: (a)
<br />agrees in writing to the payment of the obligation secured by the lien in a manner acceptable
<br />faith the lien by, defends
<br />or to Lender; (b) contests in good
<br />against enforcement of the lien m. legal proceedings which in the Lender's opinion operate
<br />prevent the enforcement of the lien or forfeiture
<br />to
<br />of anv part of the Property: or (ci secures from the holder of the lien an
<br />agreement satisfactory to Lender subordinating the lien to this Security Instrument if Lender
<br />the Property Is subject
<br />determines that any part of
<br />to a lien which may attain pnonty over this Security rower a
<br />Instrument. Lender may give Bo'
<br />notice identifying the lien. Borrower shall satisfy the lien or take
<br />of the giving of notice. of the actions s
<br />one or more et forth above within l0 days
<br />5. Hazard insurance. Borrower shall keep the improvements
<br />now existing or hereafter erected on the Property
<br />insured against loss by fire, hazards included within the term "extended coyeraze'• and any other hazards
<br />requires insurance. This insurance
<br />for which Lender
<br />shall be maintained in the amounts and for the v@nod that Lender reauves. The
<br />insurance carrier providing the Insurance shall be chosen by Borrower
<br />unreasonably withheld. subject to Lender's approval which shall not be
<br />All insurance policies and renewals shall be acceptable to [ender and shall Include a standard mortgage clause.
<br />Lender shall have the right to hold the policies and
<br />renewals. If Lender requires. Borrower shall prom PVN give to Lender
<br />all receipts of paid premiums and renewal notices. In the event of loss, Borrower shall
<br />carrier and Lender. Lender %e
<br />gi prompt nonce to the insurance
<br />may make proof of loss if not made prompt iv by Borrower.
<br />Unless Lender and Borrower otherwise
<br />agree in writing, Insurance proceeds shall be applied to rest• - • ion or repair
<br />of the Property damaged, if the restoration or repair Is economically feasible and Lender s securnv
<br />restoration or repair is not economically feasible
<br />a not lessened. if the
<br />applied or Lender's secunty' would be lessened. ;he insurance proceeds shat{ be
<br />the sums secured by this Security Instrument,
<br />r whether or not then due. with any excess paid to Borrower. If
<br />Borrower abandons the Property, or does not answer within 30 days a notice from
<br />offered to settle
<br />Lender that the insurance carrier has
<br />a claim, then Lender may collect the insurance proceeds. Lender may use the proceeds to repair
<br />the Property or to pay sums secured by this Security
<br />or restore
<br />when the notice is given.
<br />Instrument, whether or not then due. The 30 -Jay period will begin
<br />Unless Lender and Borrower otherwise agree in writing, any application of proceed to principal shall not extend or
<br />postpone the due date of the monthly payments referred to in
<br />paragraphs I and ? or change the amount of the payments. If
<br />under paragraph 19 the Property Is acquired by Lender, Borrower' s right to any Insurance
<br />from damage to the Property
<br />acquisit policies and proceeds resulting
<br />prior to the ion shall pass to Lender to the extent of the sums secured b this Secunn'
<br />Instrument immediately prior to the acquisition.
<br />6. Preservation and Maintenance of Property; Leaseholds. Borrower shall not destroy, damage or suhslannalh
<br />change the Property, allow the Property to deteriorate or
<br />Borrower
<br />comma waste. If this Security Instrument Is on a leasehold',
<br />shall comply with the provisions of the lease. and If Borrower acquires fee title ro
<br />fee title shall not merge Lender
<br />unless the Property, the leasehold and
<br />agrees to the merger in writing.
<br />7. Protection of Lender's Rights :a
<br />the Property; Mortgage insurance. If Borrower falls to perform the
<br />covenants and agreements contained ul this Security instrument, or !here Is a legal pros If to that
<br />Lender's rights the Property (such s to
<br />may significantly affect
<br />regulations),
<br />as a prdiceeding in hankrpicv, probate• for condemnation or to enforce laws
<br />n
<br />then Lender may do and pay for whate%'er
<br />In the rop or
<br />is necessary to protect the 'value of the Property and Lender', rights
<br />in the Property. Lender's ;canons may include paying any sums secured by alien
<br />Instrument• appearing
<br />which has priority over this securlt%
<br />in court, paving reasonable attorneys' fees and entering on the Property
<br />Lender may take action under this
<br />to make repairs. Althou
<br />paragraph ', Lender does not have to do so gh
<br />Any amounts disbursed by Lender under this ?
<br />paragraph shall become additional debt of Borrower secured by this
<br />Security Instrument Unless Iorrower and Lender agree to other terms of ray me
<br />the date of dlshursernerlt
<br />curtest
<br />thesr.nnounts shall hear
<br />at the Note rate and %hall be rat ahie, with 1n(crc,,t. Ilpoll notice front Lendef to Horrower
<br />requesting pay met, r.
<br />If Lender fegUlCed mortgage insll raflCe as a COndnion of making Inc !Ilan secaired fly this Security Irlstrurnerlt,
<br />BdlrrtlW'Y.( %hall pay !tie premiums required to nialn(a:n (tic Insurance in effect
<br />Insurance terminates
<br />In ntil %IJCtI (lint as the reglJifCR1 @111 lair the
<br />in accordancC: with 1 {Urrl)wfr'ti and Lt'71JC('% w'flfrr,n agrCC.li]Calt of c I (I cab! s l;Iw
<br />!!. inspection. I.endrr ,f IIti agent rr1:lY (flake
<br />reasonable ell! rlel upon and Irl%peilla)Il% lit the Property' I.Crldl'I
<br />shall give Ilvrrower nonce al (tic (acne .lf or prior to an Inspection specifying reasonable cause for
<br />9. Condemnation,
<br />the In%pectl. n
<br />I lie I locced%of any award m :lawn Ior lidomees, direct l,r cone °yucnhol• .n curulrclon with
<br />any condernnatlgn or oilier takarj of anv part of the Properly. �,r f
<br />lr .'stn %cy'anrr in Ilea r! �„nJcrnnauon, arc her%ol
<br />assigned and shall fie pail To I cndcr
<br />Ie the event �sf r n rat ;aking ,,( the It""crty' ?se
<br />the hr _�,dJs %hall
<br />f rl %tr uncut. .%h ether ,u rn t then due, w1th ;any
<br />applleal I,. the .urn, sl,:urcd h% Ihls Serum%
<br />r°.ecess paid to 1{ortower In the event of a llartl,al t.akulg „t the
<br />attle °% i)r.rr<".Vel hall I cnder olller kl ec agrt v of wrung, the
<br />role - vi II I: t lh .,n,� muarrt,dia,i I„
<br />wool!. sea;ured ha this Secunh Iml�nnicnl ,f,all I•r r,dur d I l
<br />,li K' I)11114y 111 (aa111�111 I,11 f
<br />! IP'tak � h;' L Pdl lac'
<br />.fryft 111 ,VIII .i(
<br />t�, , ;,1.�.; h, �h) teat f.8!I n •Urrt� .i�urrgl ,titrncllaa h::,
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