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<br />85-004123
<br />UWIPORMC0%I'NA%iS Borrower and Lender cotenant and agreea%foIloa,.
<br />1. Payment of Principal and Interest; Prepayment and Late Charges. Burrower Shall promr,11% ran when clue
<br />the principal of and interest oil the debt evidenced by the Note and any prepayment and late charge, due corder file Note.
<br />2. Funds for Taxes and insurance. Subject to applicable law or to a %sacs waiter b% I.cnder, Rnrrnwer Shall pay
<br />to Lender nn file day monthly payments are due under the Note, until the Note is paid in full, a uun (fund,) equal to
<br />one - twelfth of: (a) yearly taxes and assessments which may attain prioriy over this Secuni\ instrument; (b) \cooly
<br />leasehold payments or ground rents on the Property if any; (c) yearly hazard insurance prcmiuni.; and Wt \earl%
<br />mortgage insurance premiums, if any. These items are called escrow items.' Lender ma\ estimate the Funds due on the
<br />basis ofcurrent data and reasonable estimates of future uscrow items.
<br />The Funds shall be held in an institution the deposits or accounts ofwhich are insured or guaranteed by a federal (lr
<br />state agency (including Lender if Lender is such an institution). Lender shall apply the Funds to pay the escro%% items.
<br />Lender may not charge for holding and applying the Funds, analyzing the account or verifying the escrow items. unless
<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 L•nc
<br />requires interest to be paid, Lender shall not he required to pay Borrower art, \ interest or earnings on the Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting of the Funds showing credit, auul debiu to the Funds and the
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for the sums secured h\
<br />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 e%cro%t 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. If the
<br />amount of the Funds held by Lender is not %ullicient to pay the escrow items when due, Borrower shall pay to Lender ant
<br />amount necessary to make up the deficiency in (life or more payments as required by Lender.
<br />Upon payment in full of all runts secured by flits 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 Prop em or its acquisition by Lender, any Funds held by Lender at tine little of
<br />application as a credit against the Sums inured by this Security Insrrunnent.
<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 :'dote: second, to prepayment charges due under rile
<br />Note; third, to amounts payable under paragraph 2; fourth• to interest due: and has[, io principal due.
<br />4. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to [he
<br />Property which may attam priority over this Security Instrument. and leasehold payments or ground rents. if an\
<br />Borrow s
<br />Borrower shall pay these obligation in the manner pro%ided in paragraph 2. 1,r d' not paid in that manner, Burrower shall
<br />pay them on time directly to the person owed payment. Borrower shall prnrtopfl% furnish to Lender all notices of amount,
<br />to he paid under this paragraph. If Brrowcr makes these payments direct!%, Borrower .hall promptly furnish it,, Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has pnorny mer Iht% Secunfy i list rtunenl unless Borrower. (an
<br />agrees tit writing Io the payment of the obligation secured hv the lien on it manner acceptable to Lender; IN contests fit garni
<br />faith the lien by, or defends against enforcement of the lien in. legal prtweeding% which in the Lender's opinion operate to
<br />prevent the enforcement of the hen ur forfeiture of any part of the Properf%: or (c) secures front the holder of the lien an
<br />agreement satisfactory to Lender %oh ordInillnng the lieu In Ihr, Security In,trurnent If i ender deterrnme, ifiat any part of
<br />the Property is subject Io it Iten which stay attain pnonty o%er this security invrurnent. Lender may gi%e Borruwcr a
<br />notice identifying the hen. Rorrtowcr shall satisfy the lien or take (tile or noire of ilic actions set forth abo%c %stills IO da%,
<br />of 1 he gning of nut ice.
<br />S. Ilantrd Insurance. Borrower shall keep flit, 1mpn,%cnncnts now existing or hereafter erected on the Properly
<br />insured against !(I,% by fire, ha/ards included wtlhnn the refill "c%!ended :u%erage' and ant other h :irtrds for which Lender
<br />requires insurance Tilts rotor :once ,hail he nrauuamed u; the ant<nutr, ;ant! ("', th0 perrnd, that Lender require, The
<br />in %urancv carrier pro%idrng the nisurance %hall hr gins „cif by Rot -row c•n suhicc! I.o I.e•nder', :ippio%al which shall nol by
<br />unreasonably %%ithftelt
<br />.All insurance i)uhcic% and rcocwals ,hall he acceptehic to Lender and shall nnclude it standard mortgage clause
<br />Lender shall ha%e the right to hold the pt,hcres mud re•nc•wais It Lanier requtres. Borrower ,hall prumpth gne to I cndct
<br />all receipts of paid premiums and renewal notices in the e%cnt .,I I(,,,. Hornlwer ,hall gn%c prompt notice to the tn,ur:uicc
<br />carrier and Lender. Lender may make pf—f of loss it nrrt n1a,le promptly by Borruwcr
<br />Unless Lender and Borrower otherwise agree In %riufg. in,ur me pnkeWs shall he applied to restoration or repair
<br />Of the Property damaged, of the restoration or repair rs c•conon i,allt feasible• and Lender', ,ecuri% a not ieswned 11' tile
<br />restoration or repair is not econonucally feasible or lender's sccuritt would lit lessened, the unuratncc proceeds shrill he
<br />applied to the sums secured by tins Security Instrument, whether III- not [licit due, with ariy excess pant [o Burrnwcr 11
<br />Borrower abandons the Property, ur does not answer within )t) days a nottre from Leader that the Insurance canter hats
<br />offered to settle a claim, then Lender mar collet[ (lie insurance pro, cods. Lender many use the proceeds to repair or restore
<br />the Properly or to pay sums secured by this .Seeunty Instrument. w hethef r,r out then tilt ) he if) -day period will hegln
<br />when the nonce I%gi%en.
<br />Unlvws Lender and Borrower oilicrwese agree m writing. any apph;auon of prorccd, to principal shall not cStend or
<br />postpone the due date of the month!) pa\mc01% referred to nn par,.tgraph% i and -7 Of change the announl of file 11;1y men;, if
<br />under paragraph 11) the Property ifs acquired by Lender. Borrower's fight to ;toy nnsutalti- policies and pnn:ecds rc,ul!tnc
<br />from damage to the Property prior to the acqutstuon shall pass to Lender to the extent of fine sums secured h% till, se, it; e%
<br />Instrument immediately prior to the ecgai%nton
<br />6. Preservation and Maintenance of Proper”; I.enwholds, Jim rm%(r 01.1;i 11 "t Jcstio%. d.fnnage rr suh,r,uu 1.t11I.
<br />change the Property, allim flit lIropetIN it, deteriorate• fir eontrni waste it this Sec nifty Instrunicnf IN on It Iea,rhoid.
<br />Bxrower shall comply %fill the pro%ISt„ n, of the lease•, and it Born,wer acquuc, lee 'lilt- r.o th %: Property. flit. Icascholti anti
<br />fee title shall not merge unit%% i ender agree, to the ntergct nn w rifting.
<br />7. Protection of Lender's Rights in the Property; Mortgage Insurance. 11 lionrl,acn fall, t., pill „nn !ht,
<br />co %chants and agtcenornts contained tit this Secun[y lnstrumenL or there n at itval proccrdnng 111.1[ stay stF n 1ic:utly eAi et
<br />Lender'% rights no the Properit (%uch a% a pnk'cedtng nn hanktuptcy, pn,hafc. for 0und0mnauon „r I„ cnfotrc I.n%s Of
<br />regulahonc), then Lender nta%t doand pay for wbaite%er Is nece%%ary no protcti the %;Iluc of the 1'r„p0it% anti l ensign's nf•h!,
<br />rn the Prot%etry Lender'% ate ions nary ,nrlu%ic payntg any sums sound ht .1 1100 %%hicl! ha, pisont ,n0r 1111, ties u111%
<br />instrumcvtl, appcarnrfg in Court, patufg rcasouahle aitornv%s' Ices ;uttf entcnng on !ht, f'roprtr% I„ nrdke IOp;tfrs \1111„n;•h
<br />Lender nosy lake action under phis pal.tgt aph '. I ender do%•, not
<br />Any avinuni,duhur,cd f,% i rnolcr wIdcr lhn paragraph 'shall bcconn adtlurI -11,1i 1it,111 i if
<br />St'Lirtit in,rrollivnf 1,111% v Rtr,rows•r,md l rn(fa•r ,tgt rr lr ill her 1,1111, �,l'p,n nt0nt. Ill— -1ww !, slit,'. III It 101, 1:•11 1i „1n
<br />thv tote of dr,tnir %etnrnl ,r, fill* N,'10 tatr .Ind shell I,v pa%e1,1%. auh 1ntc!c,1. q,,,n �,1... �1, n, I �n,f., 1 It,•1,.%%„
<br />reque %ling Illy meter
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