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<br />84 - 006451
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<br />UNifORM COVENANTS. Borrower and Lender covenant and agree as follows:
<br />t. Payment of Principal ancIlnterest; Prepaymellt and Late ('''harges. Borrower shall promptly pay when due
<br />the prin<.,ipal orand interest onlhe debt evidenced by the Note and any prepuymenl and late charges due under Ihe Note,
<br />2. Funds for Taus and IlI$IIran~. Subject 10 applicable law or 10 a written waiver by Lender, Borrower shall pay
<br />10 Lender on the day mOlllhly payments are due under the Note, until the Nole is paid in full, a sum ("Funds") equall\)
<br />one,twelfth of: (a) yearly laxes and asses.'lIDcnts which may attain priority over this Security Instrument: (b) yearly
<br />leasehold pay.ments or ground rents on the Property, if any; (c) yearly hll7.ard insurance premiums: !lnd (d) yearly
<br />mongage insurance premiums, if any, These items are called "escrow ilems," Lender may estimate the Funds due on the
<br />basis or current data and reasonable estimates of fut ure escrow items.
<br />The Funds shall be held in an institution the deposits or accounts of which are insured elr guaranteed by a federal or
<br />state agency (induding Lender if Lender is such an institution), Lender shall apply tbe Funds to pay tbe escrow items.
<br />Lender may not charge for holdintt and applying the Funds, analyzing the account or veril'yinJ the escrow items..~
<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make WChllciul..~ltnd
<br />Lender RIllY agree in writing thaI interest shall be paid on the Funds, Unless an agreement is made or appliellblelaw
<br />requires interest 10 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 accounling of the Funds showing credits and debits to the Flmds and tbe
<br />purpose for which each debit to the Funds was made. The Funds are pledged as additional security for tbe sumuecuredby
<br />this Security Instrument.
<br />If the amount of the Funds held by Lender, together with the future monthly paymw$ of'Flmdspa)'abiepl'ioito
<br />the due dates of the escrow items. shall exceed the amount required 10 pay the escrow items when due. the excess, sIHIU.bci
<br />at Borrower's option. either promptly repaid to Borrower or credited to Borrower on monlhly paymmts of Fuads:.lfthl:
<br />amount of the Funds held by Lender is not sufficient to pay the escrow items when due, Borrower shall pay.to l..mdetllfty
<br />amount necessary to make up the deficiency in one or more payments as required by Lender.
<br />Upon payment in full of all sums secured by this Security Instrument. Lender shall promptly refund to BOrroWCr;
<br />any Funds held by Lender. If under paragraph 19 the Property is sold or acquired by kuder, LendenhaH apply.llO....
<br />than immediately prior to the sale of the Property or its acquisition by Lender, any Funds held by Lender at men-of.
<br />application as a eredit against the sums secured by Ihis Security Instrument.
<br />3. Appliatioa of Paymeats. Unless applicable law provides otherwise, all payments received by ~~
<br />paragraphs I and 2 shall be applied: fiBt, to late cha. rges due under the Note; second. to prepayment Cl;arp$.... due. .UI\,....d.. ..'. r 1M.................
<br />Note; 'iird, to amounts payable under paragraph 2: fourth. 10 interest due; and last. to principal due.' . ......
<br />4, CIIaqes; LieM. Borrower shall pay alltaxcs. assessments, charttes. fines and imposition$lIiltribalt~to_
<br />D...:.._r-t" "'.."h......... rn....... .....Bin nrit'\,.~t~ t'1v#"r rh;~ Yrurity InfiO.tnlmt!tlt. dJymepts__orit~t;a4_~~:-'ij"'
<br />Borrower shall pay these obligations in the manner provided in paragraph 2, or ifnot paid in that _',
<br />pay them on time dIrectly to the person owed payment Borrower shall promptly furnish to Lender all
<br />to be paid under Ihls paragraph. If Borrower makes th~ payments directly, Borrower shaH promptly
<br />rel:cipls evidencmg tbe payments", ....
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unIeIs ~:(~
<br />agrees m wnllng to tbe pay'ment of Ihe obligation secured hy the lien in a mariner acceptable to Lender; (b) cootms. ~
<br />faith the hen by, or defends against enforcement of the lien \II, le(:al proceedi!lBs which in the l.ender's opinion ~_ .
<br />prevenl I he enforcement of the lien or forfeiture or any pan of the Propeny: or (c) secures from the holder of the _ lilt
<br />agreement satisfactory to Lender ,ubordinating the lien to this Security Instrument, If Lender detenni_ that lIIty pan of
<br />the Propeny is subject to a lien which may attam pnorny over lhis Security Instrument, Lender may give Borrower a
<br />notice tdentifying the lien. Borrower shall sallsfy the lien or lake one or more of the actions set forth above within IO.~
<br />of the giving of notice.
<br />5. Hazard 1__. Borrower ,hall keep the Improvements now existing or hereafter erected on the Pmplmy
<br />m,ured agamst i()'>s by fire. hllzards induded within Ihe term "extended coverage" and any other huards for which ~
<br />requires insurance. This Il\surllncc shall be mallllained III the amounts llnd for the periods that l..ender requiftll. The
<br />,"surance carrier prflVlding the IIISUTllnCe shall he chosen by Borrower subject to Lender's approval which "hall not be
<br />unrell.'I<.lIlably withheld
<br />All ,"surance POlll'lelo and renewals ,hall he acceptable to Lender and shallmclude a standard mortpge claMe.
<br />l.,,:Jder shall have the nght 10 hold the policies and renewals. If Lender requires. Borrower shall promptly give to ~
<br />all receipts of paid premiums and renewalnohcC!>. In lhe event of 10,,'>, Borrower shall give prompt notice to tbe ~
<br />camer and Lender. L.ender lIIay make proof (tflrn.s ifllOI made promptly b)' Borrower,
<br />U nks~ l.ender and Borrower ot herwlSC agree In "'ral intl, m~llrllOCe proceeds shall be applted to restOflltioft or 1'llplW'
<br />(tf the Property dal'llll8ed, If Ihe reslorlltKm or repair is econonllcally fcamllle and Lender'~ security ill not ~. If the
<br />rC51oratloo 'If repair is nol economH:ally f_lble or l.ender'll ~'Imty would be les.scned, the iMurance proceeds l!ihaH bit
<br />applied 10 the sums secured by Ihi!. Se,:llnty Instrument, whether or not then due, with any excess paid 10 1Jorrower. If
<br />Borwwer abandons Ihe Property', or doc.. Ilotllnsv.er wlthm .;0 dll)'1' a nollee from Lender that the insurance carrier_
<br />oI'ered to settle a claim, then Lender may wllecl the insurance proceeds. Lender may UK the prol:eed5tO repair of rClitOfe
<br />lilt! Property or to pay ~ums secured hy this Secunty Instrument. whether or nOI lhell due, The 30-day period will bctin
<br />w'henthe notice is given.
<br />Unlns lA:nder and Rorwwer otherwise agree III writing, any lIppHuIli411l ofpnx:ttth to prioclplllllhall not extend (If
<br />pl16tpone tbe due dale of the monthly. paymenls referred h11llllaragraphs lalld ~ or dum!!,' rhe amount of the pIIymenls. If
<br />under paragraph III the Prop"rty IS acqulrt.'l.l by Lender. HMrower', ril!-hr to llny msurllnn' policies and proceeds resultinll
<br />from dlllTUltle 10 Ihe PTllperty pnor !O the a(''1uISIII(1II shalll'lIss 10 Lender to rhe estenlllf the sums se.'urai by thiS s......Uflly
<br />I",,!rument immcdi:ltely' prior 10 the lICquisil10n
<br />6, Preservation and !\fallttenaR<< of P!'OJK',ty: l.easeltolds. Rorro",'r shal! no' d,'stroy. dllrmlllt' llr sub..rllrlllally
<br />d1anlle lhe PfOpt'ny, aUm... rhe Pmf'l~rty 10 delenorlltc or wmlTlll wllMe. If thIS 'in'lHII) Instrument is ,'n Ii ll'i1scholtl,
<br />fklffn.'(f ~hall...mllrly wlll1l he prmlSlons "f Ihe lellse, and If n"rrnwer anlUlr,'s fee rule 10 the Plllrcl't), Ihe leasehold :m,l
<br />fee lllk shalll1otlTtt'rge utlle,~ tender. a~ree' lOthe mertter 111 wntrng
<br />7. PTCIt<<tUKI of 1,('.,'. Rlpt. ill tlM! Pr(~t,.: '\tOf'tp* JMllrllMe. If IIl'fnlwcr 1.1ds III 1....~lf,'rm Ill,'
<br />t"~"'"llnh and flgfl:~'Ill<:'l1tS nlllllltllet! In thIS s..-..-Ufllv In'IIUII1t'lIt, "llll,'re" a kgal I"""",,'dlllf< Ilml Ill"V S1j!nlti.allliy al'lt....t
<br />I.~mkt', IIlthh In rhe l'fnf'Cr1) (~u.h ;1' il pn....t-.:dlnj! In nallkruPk), 1'I<.halc, 1"1 'I'llllcrnrWlI"lI "I ,,, .:nlnln' 1;1\" "I
<br />ffi'l!tdllllOf>\). then I ,('Ild~r may <I" and p'" !('r whale"'. I, IIr"'...."1I1 II' rr"k,'llhe I alilL' "t tla'!'r"I"'II' and I rlltkr', lI!!hls
<br />111 1M Pf(lf'Cr!V I t'mler' \ ;.I,'I,,,n, ,,,.,. .1"lude P;HIIlj! ;lfl\ SUI11S "'t'urcu h ,I 1'1'11 __hld, hils 1'"""1\ 1'\'" ,tll' St'.unh
<br />In\llnml<:fll. l1f'l"l'lIrmj! III ''''JIlL 1'.iYIl1j! lL'l1"",ahlt, all"rllI:". te"s alltl ""tcr"'l~ Oil II.., P"'rer" In "'''~I' lepal" '\hh(\llj!h
<br />I..$mkl Ill!!) ';okc ;A, II,m under rh" ~"ll!r~l'h ':. . "!lIkr d,,,-', "0' h~\ ,. '" ,I" Sl'
<br />i"'ll ~""'''l.lllh d,'tftUl"rtl ,,~ I..,'ntkr ufuler filii. parl!p~ph " ,hall t't'.lll1lt "ddlll"",,1 d<'l'l ,'I H,',,,,,,,,, "YH! ~d ", tfll\
<br />~:Uft~; I n-:/iIUun'u:,u'l l"H!r-~-' Uor tn'ti\rl' and I {'nd('1' a~nf^"I' t\ 1 I ,tlWf fenn... \ It P,H fltelll, I ht"t:' iltn. ~UIII' ...h"ll ht';H ~qh.rl,'...t ft('nl
<br />1~ dlltl1tf of 4.h~.-"flrit'nt ,Q1 1hl;"" '\infc f;llt' ,H~tI ...hali ht' pon:Bbk. \\Hh \I'i1~'fl,...r. 'II f!nlhT Irl'lll ! \.'1h.h'1 11' I1,Hf,\\\t'l
<br />''''.1",'''11"11 !,"~m"ljl
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