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<br />85- 005P19
<br />Lender pay, Borrower interr:,t 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 law
<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 are pledged as additional security for the sums secured by
<br />this Security instrument.
<br />If the amount of the Funds held by Lander, 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. 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 to full 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 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 I 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 payable under paragraph 2; fourth, to interest due: and last, to principal due.
<br />;. Charges; Liens. Borrower shall pay all taxes, assessments, charges, fines and impositions attributable to the
<br />Property which may attain priority over this Security Instrument, and leasehold payments or ground rents, if any.
<br />Borrower shall pav these ohbitations in the manner provided in paragraph 2, or if not paid in that manner. Borrower shall
<br />pay them on time directly r; the person owed payment. Borrower shall promptly furnish to Lender all notices of amounts
<br />to be paid under this paragraph. If Borrower makes these payments directly. Borrower shall promptly furnish to Lender
<br />receipts ey idenc ing the payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Borrower: (a)
<br />agrees to 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 in, legal proceedings which in the Lender's opinion operate to
<br />prevent the enforcement of the lien or forfeiture of any part of the Property: or (c) secures from the holder of the lien an
<br />agreement sansfactori, to Lender subordinating the lien to this Secunty' Instrumem. If Lender determines that any part of
<br />the Propenv is subject to a Len which may attain pnoniv over this Secunty Instrument. Lender may give Borrower a
<br />notice identifying the hen. Bormwer shall satisfy the lien or take one or more of the actions set forth above within 10 days
<br />of the gi%ing of notice.
<br />5. Hazard Insurance. Borrower shall keep the Improvements now existing or hereafter erected on the Property
<br />insured against lo,: by fire, hazards Included within the term "extended cm era_e" and any other hazards for which Lender
<br />requires insurance, i hts nsJrar!cc ,.hall be maintameo In the amounts .aid for the periods that Lender requires. The
<br />Insurance carrier pre.;-Jme the Insurance ,hail be chosen by Borrower •ubjet:t to Lender'; approval which shall not be
<br />unreasonably II ell d.
<br />All insurance poste ±es and renewals :hall he acceptable !o Lender and ,hail nciude a ,tanaard mortgage clause.
<br />Lender ,hall have the rant t,- hoia the policies and renewais. If Lender regeaire,. Borrower ,hall promnj I;y give to Lender
<br />all recelpt, of N ran.: ipr:mlunl5 and renewal notices. In the event of loss. Borrower ,flail 21ye prompt notice to the insurance
<br />.arrier and Lender Lender may it proof of loss if not made promptly by Bc,rmw'er-
<br />L'nless Lender Arid B„rr:wer .oti:erwise agree to wrung, insurance prrcerc s. I,hail ne applied to restoration or repair
<br />of the Proper). Ja:nJZca. it the re,t,tratwn or repair is economical!} teasin;c and Lender', .ccuriv. is not lessened. if the
<br />csr 1 *anrn ,r •c; n.' niea.ly 'ia „h,:' Ir Lender', secunt w, I,:L: "_ 'rssencd. ittc ':.:wrance Proceeds shall be
<br />applr•_d it '.r sun by s Secunn !•t >trumcrtt, whether or rr.•t •rich arty excess paid to Borrower. If
<br />Brin'ower apart: , .P.e i'r ' ,e, rul an,wer within ', days J nonce sirs Lcnder Ina, the insurance carrier has
<br />offer_„ ?o ,ett':r .I , a: :c : I c.IJ: ra ..::ilcc: the Insurance proceeds I er:de( may use the proceeds to repair or restore
<br />The Pr.lper if r -t\ .Jiri,' + - ;J'r ', !pis Instrument. whether +r ^,fit pert :iue The ;O day period will begot
<br />whets -
<br />C;nicss L Tarr anal Bonowcr •;tbcrwtsc.,eiec In wnnng, any appiication n proceed, i Princlpai ,hall not extend or
<br />pcostpone the ;... _Jle :'f tilt ,.. . it:iy payments referred t � :n naragrtph, 1 and ::,r ;han g !he :mount 'I me payrents- If
<br />under paragraph !., .' +le Fr-pvil� I, .lLqulred 'nv Lender. Borrower', right it, and msurar,.e r i:cie, and pr crrds resulting
<br />from damage !.' the i'rrprny rnol the acquisivon hall pass to Lender !o the• es.tc•nt :It the sums ,scared by this Secunn
<br />lnstrumcm anniediJtc!} pr.,,r !t, the acyu:suion.
<br />6. Preservation and Maintenance of Property: Leaseholds. Borrower shall not de,tniy. JUITlaLe Ur ,ubstarauali%
<br />change :he Pro, crty. ,glow the: Property to deteriorate or Commit waste If this tiecunty Iri,rrurncni is >n .a '.easehol d.
<br />Borrower shall with i!i,! provisions of the lease, and If Borrower acquires fee ride t,) the propertp, the leasehold and
<br />fee title shall :wt :r.rrec unless !.ender :agrees to the rnerger m unttng.
<br />7. Protection of Lender's Rights in the Property; :Mortgage insurance. if Borr,wer iai!s to rertorni tt:e
<br />covenants and agreements contained In this Security Instrument, or there is a Icgal procectimi! that rT)Jv ,tgmticantiy attics
<br />Lender's rwht, In the Property (such as a proceeding All bankruptcy, probate. tier :,mdeninati on .r t. enti.rce laws •r
<br />regulations), then Lender may do and pay for whatever is necessary t,) protect the •aluc ,,( the Pn,prrty .Inc. Lender', n�!it,
<br />in the Property' I ender', acuuns may include paving any sums secured by alien which h:t, ; nrnh :per !hi, �ccann
<br />lnstrurii aI•pcaruie in , :,our!, paving,, reasonable atteorncys' fees and entering. ,m the Prq „•rta t,, nlakr r,•pan, • %,Ih:'uch
<br />Lender:na'. L.tk ;•ecrr 11 this;oara};raph Lender .hies riot have to
<br />•\r,y ami,unt, Jl,hurse,l hl. Lender under this paragraph' shall hec.'nu ml,:ilwil ai ,let,[ 'I Bt t rower ,e, utr,i ^ hl,
<br />Secant), lnor:rnent I. nlc,s liwtoAe. and Lender agree to other fermi of paynieni. the`,, .I n) -'Tit „hail near ntieie,t �irvn
<br />the date of dl,bursenient at the `,,te rate and ,hall he pavahle. with Inten',r. upon nnn.e from Lender !I' !i1'I ;11wr'r
<br />rckpiesling pacnlent
<br />if Lentfer requited mwigage Insurance as a condition of making the !oan secured he this Secunty Instrument.
<br />Norr+'.vcr ,hail pay III,,- preinjum, rcyuued to rnaintiun the Insurance in effect unui such hnie :i, the rc'quirrrner.t for the
<br />:n,u(Jnc° , r, „natln In 'I. re ur c .roll Borr wer's;.and Lender,, written :agleernent or apph, able Law
<br />N. Inspection. 1 iidcr ',r it, ,Kent may make reas,,nab!e entries upon and In,pi irons ;d the Properly i tid, r
<br />nuts „!I' !tor' %k • 1, ,ti e 1 ,:,c ntlic t prior u> Jn Irlspecuon spectfvin¢ reasonahlc cause'ot the nnI n uon
<br />1) ( "oudtrnnatie:n. i he pit u.ed"''I ally award or clami (fit damages. direct or :onsc:quenn:u ill nne'c'u„n %N M!
<br />AT; -.:r iPlWiAll i " th i I tk v,, r�t .iny ! Jrt it they Prnperty, of tilt ;nnvc':ancr fit hc.r 11 _�m,.'c[•':..It� '•i A!,. !wl: -,
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<br />h,- ai.u;) ,f the I'rl,p'rty, the ptllcced,, shills h.- .:rrhr ;l Ir t!n .utr.- n ht, 1c. t:r o
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