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85-00,1058
<br />Lender pays Borrower interest on ;h' Funds and applicable law permits Lender to make such a charge. Borrower and
<br />Lender play agree fn .voting that interest shall he paid on the Funds. Unless an agreement is made or applicable law
<br />requires interest to be paid. [ender shall not he 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 />this Security Instrument.
<br />If the amount of the Funds held by Lender, together with the f .ure 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 Borrowers option, either promptly repaid to Borrower or credited to Borrower on 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 Lender any
<br />amount necessary to make up the deficiency in one or more payments as required by Lender.
<br />Upon payment in Pull 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 a
<br />the sale of the Property or its acqurtion 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 under the
<br />Vote; third, to amounts parable under paragraph 2; fourth, to interest due: and last, to principal due.
<br />4. Charges: Liens. Burrower shall pay all taxes, assessments, char'zes, tines and impositions attributable to the
<br />Prnperty 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 i. or if not paid in that manner, Borrower shall
<br />pay them on lime dirt-,:!I, the i:erson owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to he paid ::ndcr this pa :agr:tph If Borrower makes these payments directly. Borrower shall promptly furnish to Lender
<br />recr :pls rcu.enc :n4 the patrnents
<br />Njr•.we. ,h all pr.nlptl, dis'harce any lien which has priority over this Sccunty instrument unless Borrower: la)
<br />agrees in writing to the paroment r•f fhe obligation secured by the lien in a manner acceptable to Lender; fb) contests m good
<br />'auh the lien hv. ,,r dctends at ail%! enforcement Of the hen In, legal proceedings which in the Lenders opinion operate to
<br />present the tmiorcernent of the lien :,r forfeiture cif any part of the Property; or ic) secures from the holder of the lien an
<br />agreement sallSfaCnt r' :,1 LertiSeT ,iihordinating the lien to tilts Security Instrument. If Lender drtermines that any part of
<br />The Prnp rrty is ,uhICC! t i a !ern w ht'.'t may attain priority uycr this Security Instrument. Lender map give Borrower a
<br />nutter tdcnilf'NrnIa the lien 11,'rrtwer hall satisfy the lien rr !akc 01112-01" more t1 [tic actions set forth above within 10 days
<br />of the gnmg of notice.
<br />5. Hazard Insurance. Borrower shall keep the improvements miw cxistfng or hereattet erected on the Property
<br />insured against loss to tire, ilaia rd•. ;ncitided'.k,`in the term ••extended :• +,'rage" and any other hazards lie which Lender
<br />requires :nsuran e This aria ^race .trail he maintained ire the arnounls :,nil fur file periods 'hat 1 -:nder requires. fhe
<br />imuranic earner pn,.tdni> 'i;r ..ri'.ursni.: shall be chasm by Bo,r ; >wer •,uhlect its leader's appro,,ai which shall rot be
<br />unreasonably withheld,
<br />Ali insurance policies am! renewals ,hail he acceptabie !o Lender and ,hall 111, c :1 ,tanaard rn,,rtgage Clause.
<br />Lender shali have the right tt+ `oid The p,thcies and renewal, 11 Lender rcqu;res. Boer :,wcr hall pr rnptl•. g l,c :n Lender
<br />all receipt; of paid premiums ar.d rCnewai nnuces In tilt: event of hers, l orrnwcr ,hail 4f,c• prompt nonce to the insurance
<br />carrier and Lender Lender rn:tc makc proof of loss if not made prnrnptly by Burrower
<br />Unless Leoilr.r amt Borrower tthcrwow agree to wrtung., msurance pro.-eeds ,hai! i,c appifctl to restorancm or repair
<br />of the Pmperr. ,Iarnatied. it fhe ,rot, rau„n or u:pau' ±s econonl!cailti Ir,tsthi,, and Lender s secuntr is not le•sse•ned. It the
<br />resioration or fepair is , -.crt c,-n,.ml,:jlly teasshle tir I cndct', security w t :,. br •waned. lilt• nnurutcc pfoccrds shall he
<br />applied To the sans sct_afee; ',t :.Cis Security fnstrurrtc•tll, whr!hrr „r net then due, with any excess p:uii to Borrower If
<br />Brrrowtt ahtnt{. n !hc P rrl'. :tt 1111rs, mitt .titswer within ll) bass s ,uvfce tram Lender that the insurance carrier has
<br />A"cied to ,rifle 1 ur•, thtn I rndlr mars 'aCect the Insurance ; rucertis I ,'rider ;nay use fhe placceds It`. repair nr rebl,,re
<br />The i'riperls ,r In pay ,ufns ._, .. s) I,s fit, tlnn In irwnent, '.I,fiv(hci a rut then slur lire ;l) -,fay penr,d will beLin
<br />when flit: riots'' is `•e :i .
<br />linicss i.erde.T a o Burn „ter ,thetwisc.tgrcc in writ!r; ..in. appitcarlon .of hr:occ ds to pf,nc� pal ,.fall neit extend or
<br />po%rp.me flit, dt :e care of the payments reterred t,� .n paragraphs I and ,tr , hancc file arnount of tile• r aymcnn it
<br />under par:acr,t,:; '.`:e Pre— •erf': is x-quired 'ty Lender. Borrower', fight l,., atn :n,uranc c„hcics and pr,,iceds fe%uitim!
<br />frrtln .faniage !,t !fir Prnperty prnit tit the aalui%inon shall pass to I en,ler to The ettent .,I the wins c,: "! -t1 by ;hu SCLUTII%
<br />In"Ifument minlediatei: prior to file acquisition.
<br />6. Preser,ation and Maintenance of Property: Leaseholds. Borrower ,hail not destroy. damage or ubsiantiall%
<br />change the 1'foperty, allow the Prol- rty to deteriorate or commit waste if fibs Secunty Instrument is on .; leasehoid.
<br />Borrower %hail :Orklpls wim rile pr,t.reuns of :he lease. and if Borrower acquires fee title t,? the Ieroprrfu, the icasehold and
<br />fee title %tlall fast rr1Cf�,C 'JnIC%•: 1.. miler a�grCr% It, file me•rlcr in w ntiny
<br />7, Projection of bender's Rights in the Property; Mortgage Insurance. it Harrower !ails to pertonn !hc
<br />cti,rnants and aa!eernents Oullairied to this Security Instrument. „r there :s a ieeai prcoccedfng. !hat rn.ty vi!rwicanI I affeci
<br />Lender's tionis in the i'rorMerrs isuch as a proceeding in hankruptcy. probate. for : :,miemnatwn .'•f I,, cntorce laws ,r
<br />reguiarlolill. Then L.<:fu:cr rosy Jc and pay too whate,.er Is riccessary to pr let:! the safuc „t tilt' P:nper!t and I cudei , riche,
<br />;n the Prr,pffly ! rr : ;rr , .f +:ions may tncludc Itaytng ally ,ants ,c'ur'd to .1 him '•butt, has ivi,ntl, ,rr till', Secut:n
<br />lssstn.;mcnt, apI anne url, pa,,ing reasonable attorneys' fees and rnic,171 • n tilt Pr:,} c:', t,o . ii c :rpalls Ailhrl,,h
<br />tt tits p,i ;igraph lender dotes not h.i,P r•, -.i,•
<br />-�rry .art,. ,,... !,sn i ''•.I ir. I,erader under thus paragraph ' shaii hCL;Mh :.. ,i.:ur,nai
<br />jrtl rut. IreaT'rr, ft,xr,twcrand I..ender agree ioothertrrnts ! p. 1y.• := art. :itesr.un,'unt„'i.t�l' cat .it:rre,t rn•f�
<br />the ,;:ate ti, nf,erier.t if the Note cite and shall tic payable, witli rife ; •t. ipon m n,•' ' ' ^l I :mdvr 10 Ilan.,,.: 1
<br />It I n cr y +.nerd rnt'rigagr )summer as is condition of rnaKing :tie ;oan srcurcd i,y this I list runw:1I,
<br />H<.rr <•w r ,!Ia;1 pa, fhr pfc.mmins requrrrt.l to maintain the lil%ufarle'C ui effect ifrttl such nrtu• a, :tie reyufrrmefn tiff the
<br />n%t :rat s u :.t6 sr Ifw Alth It„ ruwcr's and l :'ndel s wnrte , agrecrttnl �.f ippi ",hic 1a,%
<br />ii irih pi L.l H)n 1 :ri'. rr W, "W', r11akC IcPnA ihie 7fitfle%t :p,'fl U 1 .n %It'll me"I the Pr„I:rclr. (rut,irt
<br />„sal, a 1 ;,•,, ,.-, ,_c ,1t ',, tr r.)I -I pflof toan 111111CO11111 I :tirl"nia fc.ts iah!rceuu! tfhe lrcurnl
<br />d. t'ttetd €ttrna Ue,n. i l.r 1 t rrccls AT airy awafJ „c claim dau!AACs, dfrc't Of tn%cyurn1,.11, :n'�,nncr a „n :ytth
<br />an. -: ,i, ,,art, r ;,l• .. .. ., -., r. :n ,f anq part, of the I'n>I+t•r � •n t,::r _tin, <- y :ui�c :❑ !tcu ,•t .+,r ;em! :a hr n, .tic ' -ic•i r'•.
<br />.. r .,. .... Leg a -�F1 d ilia• Prrpe•rf y. tl... �,n <. ,Jai. ',h J;' 1,.• .,l'1 I, ^tl •.. '. f•:, up,, if r`t'. t„ h,, ` ,lit: ".
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