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<br />~� Leiidtli��ys Borrower interest on the Funds and ' and
<br />Lender may agree in wrt I ting that interest shall be paid on the Funds. Unless an agreement is made or applicable law
<br />requires interw to be
<br />shall u,»u, 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 Lender, together with the future monthly payments of Funds payable prior to
<br />' the due dates of the escrow it__—'—---'—_r—`_—__ pay the escrow _items when due, _the excess shall be.
<br />m 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, Borrow'er shall pay to Lender any
<br />amount necessary to max, up the deficiency in one or more payments as required by Lender.
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<br />F unds Lender. ��nu� {[undv 'he Property is sold or acquired by Lefider, Lender shall apply, no later
<br />' promptly
<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 ,aPayments. 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 />� Note, � Charges; u��. under — interest -- -- — '--"— --- ,n�u�Nrmmr
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<br />Property which may xnmn priority over this 3om`ty Instrument, and le^seu^u nuymco.s or umunu rents, if any.
<br />Borrower shall pay these obligations mthe manner provided ,n paragraph z.o,// not paid .nthat manner, Borrower shall
<br />pay them ^n time uireo|ym the person owed payment. Borrower shall promptly furnish 'v Lender ail notices o[amounts
<br />to be paid under this paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish to Lender
<br />receipts evidencing the payments.
<br />Borrower shall promptly discharge any lien which has pnontyo,u'm^s.zuntr'ommmentun|co8vrmwcr<o�
<br />uu��/nwnnno'otxrpmvm^ntof,xpnmiguuoo,^cv�d»yme|.co/namunn^rucc^p/ublemLenucr/Wcvnt=oinnv^u
<br />�i'xmeUonor.^,oe�ousuxumstm�,c^mmto/ the x^nm. legal proceedings which mthe Lender's opinion operate 'u
<br />prevent the enforcement o/ the lien o, forfeiture o[ any part o[ the pm ny�v,'c/^ounsfrvm the holder u/ the lien an
<br />agreement satisfactory 'v Lender subordinating the lien 'o this Security Instrument. If Lender determines- that any part o[
<br />the Property is may attain pno,/ty over this §ezudn Instrument, Lmuomay give Borrower a
<br />noncrmrnofpogmeoon. Borrower shall m'a� the |imvruxe one ormo�vf the actions set forth above within 10 days
<br />o/ the g/°'noornotice.
<br />5. Hazard Insurance. Borrower shall keep the improvements now existing ^r hereafter erected ^n the Property
<br />insured against loss »v fire, hazards included within the term "extended co.^o ve'^ou^n/"me,x�am`�,°mcnLenu,,
<br />requires insurance. Th^ insurance ,huU he maintained m ,h� amounts and-for he r,^.cls
<br />'h,' Lender requires. The
<br />insurance carrier providing the insurance shall be chosen xv u^rr"
<br />unreasonably withheld.
<br />All insurance policies and renewals shall be acceptabie to Lender and �tiall :nt-ludc :i standard mortgage clause.
<br />Lender shall have the right to hold the policies and renewals. IfLender require�. 11, e� nji I prornri!� az%e to Lender
<br />all receipts of paid premiums and renewal notices. In the e% ent of loss, Borrower nali �,,v-t: prnmri notic,� :o the insurance
<br />carrier and Lender. Lender may make proof of loss if no( made promptly b% Borrower .
<br />Unless Lender and Borrower otherwise agree in wnting, insuran'ce'proceeds shall beapplied to rtstoration tit repair
<br />of the Property damaged, if the restoration or repair is economic-1h, feasible and Lender's ccuritv is not lessened. If the
<br />restoration or repair is not economically feasible or Lender%. secunty would he lessened. the insurance proceeds shall be
<br />applied to the sums secured by this Security Instrument. whether or' not rhen due. with any excess paid to Borrower. If
<br />Borrower abandons the Property, or does not answer within 30 days a notice front Lender '
<br />that the insurance carner has
<br />offered to settle a claim. then Lender may collect the insurance proceeds. Lender may use the proceeds to repair or restore
<br />the Property or to pay sums secured by this Secunt% Instrument. -Ahether or not !h'cn The 30-da� period will beizin
<br />when the notice is given,
<br />Unless Lender ana Borrower otherwise agree tit writing. an� applicafionofprocet�ds to principai,�hall not extend or
<br />postpone the due date of the monthly payments referred to in paragraphs I and -' or �hangc the amount ofthe payments. If
<br />under paragraph 19 the Property is acquired by Lender, Borrower's right to ant, insurance policies and proceeds resulting
<br />fromdamage to the Property prior to the acquisition shall pas% to Lender it) the extent ofthe surns cI:ured hN this Securit-1
<br />Instrument immediately prior to the acquisition.
<br />6. Preservation and Maintenance of Property: Leaseholds. Borrower shall not destro%. damage or %ubNtantialls
<br />change the Property, allow the Property to deteriorate or commit waste. If this Securit� Ins6ument is on a leischolu.
<br />Borrower shall comply with the provisions or the lease, and if Borrower acquires fee titleto the Property. the leasehold and
<br />fettifleshall not mergeunless Lender agrees to the merger in writing.
<br />7. Prot"nion of Lender's Rights in the Property; Mortgage Insurance. If BorroAer fails to perform the
<br />covenants and agreements contained in this Security Instrument. or there is a legal proceeding that Ina% sig
<br />nificantly affect
<br />Lender's rights in the Property (such as a proceeding in hankrupicy, probate. for condemnation or'io enforce laws or
<br />regulations). then Lender may do and pay for whatever is necessary to'protccf the %alueof the Propert� -ind Lender's rights
<br />in the Property. Lender's actions may include paying any surns secured III% a lien Ikhich has prionf% mer this Securlt%
<br />Instrument. appearing in court, paying reasonable attorneys' fees and entering (,it the Properi% lo rnal�c repairs Although
<br />Lender may take action under this paragraph "7. Lender doe-, not haI,e it, III, -,-
<br />Any amounts disbursed by Lender under this paragraph 7 Nhall ichl nI liorro%%cr secured b% this
<br />Security Instrument, Unless Borrower and Lender agree to tither terms III pa� ment. I liew jmouill% Nhall bear interest'frorn
<br />the dale of disbursement at the Note rate and shall he ravable. with interest. upon notice from Lender it) Horio%%er
<br />requesting payment.
<br />If Lender required mortgage insurance as a condition ot making tne loan secured hv Ott% Secur-ity Instrument.
<br />Borrower shall pay the premiums required to maintain the insurance in effect until such time' as the rcquin-'ement for the
<br />insurance terminates in accordance with Borrower's and Lender's wntien agreement or applicable law
<br />8. Inspection. Lender or its agent may make reasonable entries upon and Inspections of the Property I-endcr
<br />k~ shall —~---'---~---`^''---'— oan inspection specifying '~~^^~^`~~"^""'`"'"r=`"~
<br />9, Cvwwwmnmtwo. Tlic proceeds v/unv award -it claim for damages. direct ",,00*vv,,nx/. in connection °vo
<br />any condemnation or other /uxm» of any part of the property. or for ^m",'ume in /," ,v.~wt,"i='mv. are xe°^,
<br />assigned and shall »" paid mLmu",
<br />\n the event w[xmm|uwnp"[m~|^,^p,rt,.mep°n*y..xu|x^^prx"/^`.`,,`"m.""v~/+/n°1�^,m^
<br />mommu'. ~xuw:, or not 'm,^ mu. with m,v r,cm~ n^m m mvm°,, m 'm,~.cn/ .`. ^ r",o^/ .I, ,T"periN,
<br />omm^ o~r°°" and Lender .^mrwse agree if) ="/mg, the "m^°`",,o ^` .h..lw`"".` /,^,""m `^^o ^, .uo.,o t,%
<br />the "m°"* ',f The p"="` rri"x.plmo by /h" »llo°.,w "'
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