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85-- 004087
<br />UNIFORM CO% L'1A%IS Borrower and Lcnderco, criant and a-rec a, !„i;o,i,
<br />I. Payment of Principal and Interest. Prepayment and Late Charges, l;nrr+wer ,hall pn>nipti% pay when due
<br />the principal of and interest on the debt esidenced by the Note and at.: i pr,•pay merit arsd !ate charge, duc under t he N„tr
<br />2. Funds for Taxes and Insurance. Subject to appilcahlc law ,or u,.1 a n11cn ,+aver h% I ender. Borrol%cr shali pin
<br />to Lender on the day monthly payments are due under the Note. until the Note is paid Ili full. a ,unt ('•Fund:.) cquai rr,
<br />one - twelfth of: (a) %early taxes and assessments which ma% itiam priority oser the, Security In,trunicni, if,) %earl,
<br />leasehold payments or ground rents on the Property, if any; (. %earls hazard insurance premiums; and WI %_arle
<br />mortgage insurance premiums, if any. These items are called "' scmw Item, " Lender may estimate the Fund, due on ihr
<br />basis ofeurrent data and reasonable estimates of future escrow items
<br />The Funds shall he held in an institution the deposits or ac :ounts of N'hich are in,ured or izuaranlecd h% a federal or
<br />state agency (including Lender if Lender is such an institution). Lender ,hall apply the Funds ri pay the escrow item,.
<br />Lender may not charge for holding and applying the Funds, analyzmg the account or senfxing the escrow items. unless
<br />Lender pays Borrower interest on the Funds and applicable law permits I.elider to make such a charge. Borrower and
<br />Lender may agree tin writing that interest shall be paid on the Furids. Unless an agreement is made or applicable la %%
<br />requires interest to be paid. i :nder shall not ►x required to pay lt:rrowcr am interest or carrunes on the Funds. I ceder
<br />shall give to Borrower, without charge. an annual accounting of the Fund, showing credit, and dehits to the Funds and the
<br />purpose for which each debit to the Funds was made The Funds are pledged a, addar,mal ,ecuri!% for ! he sums secured h,
<br />this Securitv instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly payments of Funds payahlc pen: t,•
<br />the due dates of the escrow items, shall exceed the amount required «, pay the escrow items „lien due, the exec•,, shall be.
<br />at Borrower's option. either promptly repaid to Borrower or credited to Borrower cm mrmtl;h pavrrcnts of Funds if the
<br />amount of the Funds held by Lender is not sufficient io pas the escrow items when due. Borr,wcr shall pay I,-, lender an%
<br />amount necessar% to make up the deficiency Ili orc or moon• pa%ment, a, required h% Lender
<br />UptIm payment III fullafall sums secured M this Secuni% ln,!rumeni. Lender shall prompf[% refund t„ liorrowcr
<br />any Funds held by Lender If under paragraph 19 the Property 1, sold or acquired h% Lcnder. Lender shall arph . no inter
<br />than immediately pnor I,, die sale of the Prlpertc or its acquisition by i,ender. any Funds held h, Lender at ihr time of
<br />application as aeredit against the sum%,c�ured hs this Securer% lmtrument.
<br />3. Application of Payments. Unless applicable law provides othcrwne. all paxnicnt, rcrcoed h% Lcnder under
<br />paragraphs I and 2 shall be applied. first. to late charges due under the Note: second. t„ pn•pavmcnt charges due under the
<br />Note. third, to amounts payable under paragraph _; fourth, to interest due: and last, 7o principal due
<br />i. Charges; Liens. Borrower ,hall pay all taxes, assessments, charges, fine, and 7mpxtaon, attnhuiahle r„ the
<br />Proper!} which may attain pnont% over this Security InNirument, and leasehold pa%ment, or ground rents. if airy
<br />Borrower ,hall pay these a,bligaittin, In the manner provided m paragraph ,r it -not paid in that manner. Borr;v,rr shaii
<br />pa% them on time directly to the person owed payment Borrower shall pr,mpth furtu,h to Lender alt m1:,cc, of amount,
<br />to he paid under this paragraph if Borrower make, these payments directh. Borrower shall ariotnrtl% furn;,h t:, Lcnder
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any hen which his prn,nt% over this Secumr Instrument unic•,s Borrowcr tai
<br />agrees in wrung to the payment of!hc ohhgauon secured h% the lien In a matuief a;certshlc to I Crider. ? h :onlest, !n e, x!
<br />faith the lien by, or defends against entorcernew of the hen in. legal pis ,•cedin g, winch it.. the 1 rrdcr , opinion operate ?„
<br />present the enforcement of the IIXTI ,tt fotfeniue of any part of the Property , r icl secure, !.ono the holder of the hch :rti
<br />agreement satisfactor% to Lender sut ordntaung the hen it) this Secur.n Ir,,in!me f if I Cl`-,r J1 :Ierrnuu•1 flint ;11r, part :,f
<br />the Property a subject to a hen which rna% attain pruont% o,cr this Sccunt) hisirurrient. Lender may got. Born ,%C? a
<br />notice idenufsmg the lien. Borrower shall ,atisfe the lien tit take tine or more of the ar!u,51, ,et 1 . -rth alhose wu11171 'i,iaN
<br />of the .ring of notice
<br />S. Hazard Insurance. B;,rrourr ,hall keep tire m pr,nc!nen7, new cxnnize :,r lwrvaficr rr-rtcci on the pr,,pcn,
<br />insured against loss by tire. haiard, included ,uthm ?he term "exit :n, :c,i14),rrc1 2, ant :m, ,nisi haranf, Tar wh'r,h I :luicr
<br />requires insurance phis Insurance shall M• nianitailmd it., the ariioum, ml,! t.1 . ^l:c ,: t.•;1. that I sidcr fru,.ures i lie
<br />insurance carrier proaidmti the insura -mc ,hall he• chosc i h. If. :•n•uer ,;; i.• * .: l , :!c. Wrf —A win.f :.hail m t t`c
<br />unre„anahlti withheld
<br />All Insurance pohctes rind renewal, shall be acceptahir It Le•ndor and sl :afi nr.Iu,1r .: ,!anJ.ita "nortgagc :house
<br />Lender shall ha,e file right 1, -, hold the pohcies and renewals if Lender requites. hotr;,wcr -,!11 l,h-rtlrtl% gr.c• t„ 1 coda
<br />all receipts of paid premiums and renewal nonce, in (lie c,e•ril.-f!o,,, iiotr,wcr,hail F!,c pr,rnpi rirrt :cc to Ilic:n,uran,c
<br />carrier and Lender Lender may make proof of loss it nut made Iu, tnl,tl} h% Horrowcr
<br />Unless Lender acid Borrower otherwnc agree Ii wasting, insurance pro.ecds shall he applied in re,t„r.,uon or repair
<br />of the Property damaged, if -he restoration sir repair is cconomicalh fea,ihie and Lender , ,cciiriz 1 !, mgt !cssencd If the
<br />restoration or repair is not economicall% feasible or Lender's ,rcur ty would he le,W;Icd. du• 1"I'urance p r,ceeds shall ',,L-
<br />applied to the sunny ks:ured h% Iht, Secunt% instrument, whether or riol then due, with an% excess paid to Borrower II
<br />Borrower abandons the 1'rolxrt%, or does not answer within ?U da%, a notice trom I Crider that Ilie eri,urancc .artier has
<br />offered to settle a claim, then Lcnder ina% collect the inwrurce l,rocec•ds. Lender ntay use the pr: ,a ced, !o repair nr ii:,iorr
<br />the Property or to pay ,um, soa tired hs this Scant% ln,trwnen7. whclhrr or m,i fiicn Joe 7 he :n -da% pc n, ! will i,egu,
<br />when the nonce is glscn.
<br />Unless Lender and Borrowcr,ithcrwise agree in writing. ariy apphc:utnn of pf"Xc•d, t-, principal shall n,,t rxtcn,l Or
<br />postpone the due date of lite rnonthl% pa%ment, referred to Ili paragraphs 1 and : o! c haugr the aim-uni ,,f the ray nieni, If
<br />under paragraph 1Q the i'ripert% x acquired by I ender. Borrnwcr', right it, an% ui,uzance p„i!cies and rr,sred, fe111 ?!M,g
<br />from damage to the Property prior to the acquisition shall pa„ fo lender to the exicnt „t the• sum, ,ecu,cd ! , !ht, Sc,,it!n
<br />Instrument immedtatrl% print to the acquisr..n0.n
<br />6. Preservation and Maintenance of Property: Leaseholds. Ilrnowcr .half n, -t Jc,ir,,,. J :ui,.,ge „r s: ? „tarsi .i 1,
<br />change the Propc•rt%. ailow tire Propctiy to detenorair „r :ownsit waste It tins Sc.uni, Ir,svunirnt :, , . :.,'ca,ch, id.
<br />Borrower shall comp!% wish the pro,avom,,f the lease, and it B„tr•oAer acquires fee vile r, ihr I'r,,per!y, ;he 1e.i,eh,•!,1 and
<br />fee t;IIC shall not merger unless I euder agrces to die merger tit a riting.
<br />7. Pritteclirm of I.cmkr's Riphls in the Property: Mortgage Insurance. It li,v;,lwrr !.,: , r, , , r ;r !i,.
<br />ce„ei: ant, arid agrerarcnh ennLrulcJ sti tPn, Scsunt% In,truineni. „r there• i, a I cal ; „er,_lm; that i.:,n n,.u,,!', .:rig•,
<br />Limtk-0. rights in the I'r „pert% (at,h a, a pr,:vtding !n hanknipl, ptohate. h•r ,,,tnlrttin.Iirn enfri,:
<br />regulatti,nsf, then i enda:r may do and pay !,it whatescl t, nere„ars I+roteet the ,ahic - I ihr 1'r,t•:•rt, Vi,i I rr,b. i I !i-.11”
<br />in lire pr,perti I ender I hen, tl ac lnc udc pay11u 1111 ,11111, soured t, e , w! i h h, 1 1- i 111, s :
<br />instrument. appearing ill ouri. t, as iii reasonable alt, roc„' fee, grid east, rim(, n in, 1 n,p<ri, tn.ike
<br />Roder rasa} lake .Inc =r, ndrr rho , aragr.al h , I ender diw, :,.)I ha”: I„ at, „
<br />Ari% al'u,uuts dish z1,I 1 h% I miler tinier ifl < at. i, : aplt sh lH Lc i 1 N
<br />SCsu >aty Iratt,usic 117 t'n e li ;� :r w r slid I , n,le i� nccr ll,trT
<br />the slate of •.,,, sn,i ,I' iii .,, •.,... .. � 4 .. l
<br />fCet, ii ".,1}tfq 1;r44ttrtil
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