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F
<br />85-005298
<br />005 j Lender pays borrower uiterest on the Fund, an app lcable law permits Lender a, make such A chalgc lie,rsower .end
<br />Lender may agree to writing that Interest shall he paid on the Funds. Unless an Agrcenlcnt Is made or appllcatlle law
<br />quires Interest to he Paid, Lender shall not he required to pay Borrower any interest or earnings on [he Funds. Lender
<br />shall give to Borrower, without charge, an annual accounting ofthe Funds showing credits and debits to fhe Funds and the
<br />purpose for which each deha 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 future monthly payments of Funds payable prior to
<br />the due dales , if the escrow Items, shall exceed the amount required to pay the escrow items when due, the excess shall be,
<br />at Borrower', option, either promptly repaid to Borrower or credited io Borrower on monthly payments of Funds. If the
<br />amount of file Funds held by Lender Is not sufficient to pay the escrow ucros when due, Borrower shall pay to Lender any
<br />amount necrssary to make up the deficiency in one or more payments a� rf:auired by Lender.
<br />Upon payment In 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 .,cquired by Lender, Lender shalt apply, no later
<br />than immediwely 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 />J, Application of Payments. Unless applicable law provides otherwise, all payments received by Lender under
<br />paragraphs I and 2 shall he applied: first, to late charges due under the Note: second, to prepayment charges due under the
<br />Note: third, io amounts payable under paragraph 2; fourth, to interest dun; and last, to principal due.
<br />4. Charges, Liens. Borrower shall pay all taxes, assessments, charg.-s. hnrs and impositions J[lnbutable.[o the
<br />Property which m3N attain priority over this Security Instrument. And Icawhoid pavmcnis or ground rcnls, If any
<br />Borrilwrf ,hall pav lhc,c ,1olq;ations tit the manfici pr(wided In paragi apt . .,r if not paid to that manner. Be)rrowcr shall
<br />pay thein on lilac dile,Ik I,1 the person owcd payment. Borrower shall pr.%rnpily furnish to Lender all notices ,,t arnounts.
<br />o, Mr paid unary this 1ara.raph. It Borrower makes these payments .tttecily. horre.wcr ,(hill promptly fuffuNh to Lender
<br />receipts :.Idrfii 11]g tilt pJ1, merits
<br />Br.rre %wer ,hail promptly aischarge any lien which has priority over fills Sriuri[y instrument unless Borrower (at
<br />agrees to writing Io stir payment of the obligation secured by the lien In a manner acceptable to Lender: !bi contests in good
<br />faith the lien by. or defends against enforcement of the lien in. legal proceedings which ul the Lender's opinion - peratc to
<br />prevent file eniorcrrneni .7f the licit or forfeiture of any part of the Property. ,,r (c) secures from the hoider of the !tiers in
<br />Jgleenfenl ,amfae'tory io Lender subordinating the licit to this Security Insu urnew If Lender dctcrmulcs that in-, part of
<br />the Property Is ,ublco t to a lien which may allam priority over this Sccurity Instrument, Lender may give Borrower a
<br />nonce identifying the lien Burrower vhall satisfy the lien or lake one or more of the actions set forth above within 10 days
<br />of the giving of notice.
<br />5. Ilarard Insurance. Borrower shall keep the improvements now exi,tina or herearler erected on the Property
<br />Insured aesutsl lit„ rn rile, hazard, Included within the term'•exicnded cc,ecraer'• and an% :,Ihr. hA:ards r:+r .0u, :I Lcnder
<br />rrqutrr, iusurAtil-0 Phis iwuiaucl: ,hail he maintained in the .amounts and for INC pertod, !hat I cr]dcr Icqures. Tilc
<br />111SUfaliie :Able! p1,,,ld Ing file Insurance shall he chosen by Borrower ,uhJect ill Lender's appio,,a; 'whirrs %n.Ill nol be
<br />unreasonably wnhhcid.
<br />.Ail Ill%USJIlt.r p„ lICIrs And renewals ,hall be acceptabie to Lender .Ill, ,hall mclude .1 s1 Indard inlrrtaec t lausc.
<br />Lender ,hill base file right to holm the policies and renewals II Lender requires. Borr.,wcr ,hall pl, :mpliy IVr I„ Lcnder
<br />.ell receipts of paid Premiums And renewal notices In the event of loss, Borrower shall give pr,rnpt not;Cc In Ihr insurance
<br />carrier And Lender Lender may slake proof of loss if not made promptly by Bt,r rower
<br />Unless I crider Affil Brnr„wcr tnherw'ISe Agree tit w'rinag, nlsur. :e p1,, ccl]b shall he .applied t„ rc,inrji:on .,r repair
<br />of the Property dannugcd, it the rrsbttation or repair Is cconomlcatiy teasit +!r .,:ui Lcnder s ,ccullly is liol !rssr :icd 11 the
<br />restotation ,r :r ; +an s, ma rcurntrrncaily leasillle „t Lender's security wnuid tw rs,enc,L the ilrsufar,cr 1"r :,t:c•r.l, ,1:,111 ice
<br />applied the ;ow ,(-,used by tills Sccafiiy Insttumeni, whrthrr of not then due. with ate c%kcs, 1.1141 to B. rr,,wel 11
<br />B„rroWc:.tb.,uJ,un ;tit• lln,pertc. -Ir ,clog•, nut Answer wnhm 10 days a notice train Lrr:dcr Ihal the insurance• .arnr: has
<br />,lffcfra I„ ,clfle• a ,:.71111, theft Lender relay :,)Veit the 111,ura nee procceds. I -ender "IA% -J%C Ihr ptucc•ed, t„ Ie•1a11 . +I !VSIorc
<br />the Prope•r,% .,r t,1 n.,e •,ums sc•eurr-d by tills seeurlry In,trurncnl, whether .,r tied !hrn .Luc• i it, iu -Jar perl,,d will hcom
<br />w hell 1111" n, n,cc 1: I e cn
<br />Ciu, :%s I cinici Ana it „1.,.wr•I :'itivrwlsc a4ice• in writing..tR% Appll:a1wil •11 ;,I, :iCC'd, t . ;v far :,al -h.1i! 11"1 .sIcnd ,+r
<br />poslpwncc [it,- '11w .islc.d [tic rnonthly pJVfIIV111S IVkfrCd IJ In pJragliphs I .,rid _ .,r ;Nance• Ili:• ain., :Inn .,fair 1.,emints if
<br />urldef pJragr. /ph 0Itic 1'r :.,lnrrty 7, Atqutred by Lrndrr, Borrower's tight to Any insw .ut.r pololes And ;�r.,.. cc!. ;. su!UnL
<br />from dainacr to the Pntpern prior 10 the acqus +ion shall pass to Lender to thc• v,tient ,.f Itie urn, ••ri urCd by I Ills `,ecunty
<br />lnsuumen[ tmmrdlaiciy prior to theacywsuuxl.
<br />h. Preservation and "Ifainitnance of Property; Leaseholds. ltorroWer Shall riot je,riov. darnaYe or ,11tisIAnll.tlly
<br />change the llruperty, Allow the Property to deteriorate Of commit waste If this security Inslfumrin a nn ,, !rasihold.
<br />Borrower shall r.rtnl +ly with rile provi,lons„ f the lease, and If Borrower acquires tee title 10 Ihr Pi,,pvrty. the Icasr hold And
<br />fee title shall not nevi ge unless I ender agfces to rife merger ni writing
<br />7. Protection of LerrdrPs (tights in the Property; 3lortpge Insurance. If Borrower fail, to perform the
<br />covenants and agfeemcnis conlawed in this Security Instrument. or there Is a legal proceeding that may slgnnic.rinly Affect
<br />Lender's tiehrs In the Property (such as it proceeding In hankruplcy, prohi ic, for condernnannn of to cnN,t. Lows m
<br />regulations), then Lender may do and pay for whatever 1s necessary to protect file valor of the Property and IxIlder” rilthls
<br />in the Pngwrry Lcnder', actions may utclude paying any sums Secured by J licit W fuch has priority r,vrr lilts se :ur:iy
<br />Instrument. appc .1ntig m kourt, paying, reasonable attorneys' fees And entering on rile Properi., It, umk. :r;,.ul s filth, itch
<br />Lender inJy take ,jown under this paragraph 7. Lender does 11111 base let do sU
<br />Auy Jmounn:[nbulsed by Lcnder under this paragraph t shall become Addnlonal dcht .,f Bonowci ,cute,] by Ill!,
<br />Sccurny Instrument Unless Borrower and Lender agree to Other terms of paynlenr, these.unr�unls sita!1 teat nucfesf f1,�m
<br />the date of Juhursenlcnt at the Note rate and shall be payable, with interest, upon nonce• tfonl l ender to B,urower
<br />reyucst/ng PJynleyu
<br />If IenJer requlrcd mortgage Insurance as A condition of making fne loan secured by this',cruitl> ln,til,fnrnn,
<br />Kitlowcr shall pay fine prenuunis required to ytrint[un the insurance In effect until such tittle Js Ihr 1equuenlrnl t,u file
<br />IrlsurancC ICOInnrA1CS tit dCCordance Willi lJOITOWW'.4111.1 LCIIdCr'S WfI1[Cn agreelllclll Of appin:ablc law
<br />8. Inspection. Lclodef ur Ili agent may make icAsonable entries ulKin And inspcCtlons of Ille Prupcnty I r!idc:
<br />,hail glue lt.,lrowrl u, f ik;c at the tihnc,if of prior to an nispec Lion specify nag I Cast mable cause fur lhC 11ls;)Ci tion
<br />9, coademnatlun. tale pl,xeeds of oly award or claitu lit damages, direct of ruusequcnliJI. :n ,untie, 11,1❑ unit
<br />any ClrndClllttJlpyl r +1 uthcl tikiflg of Any part of the l'loperty, tit for CUItyCyJlleC IA lieu of enudcnulAll,a, a ` tine I,%
<br />assigned Aha +hail l,e 11.6114 141 Lendel
<br />,;; lilt- rr,rul "I 1 t,11al laking +,f the Pfispetiv, the priweeds ,hall hr appied 1.. Ihr .11111^. '.r; Iuvd b% Ill, 'w, 1110%
<br />lw,Irulnrnl sh, not Ill,- Ilue. Willi cull es,'rss pJld 111 11orrftlwer In Ihr evens ,.t ., 'akInf• '; I!„ P,..,;., I!.
<br />�.rrll,!_ BoI; „wry ^,,lei ••ihrtwr.r• efnrr nI wtn the % %111, %v, wed h% 1111, sr,urin In ^s1 :nu,,0 AI,k •„ ,. ,I
<br />141” .,r. .i 11 c,•, u,lpnl lit ,i to rho !, .ib,w u.g It ".:n n :.,. ill, ,. -1 11 111. „11,1 .A '1,,, .:n, -.
<br />11, -hall 71 -0.l ,A ••I Itit P •la's',
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