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<br />84 - 00651.1
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<br />Lender pays Borrower interest on Ihe Funds and applicable law permits Lender to make such a charge. Borrower and
<br />Lender may asree in wriung that interest sha1l be paid on lhe Funds. Unless an agreement is made or applicable law
<br />requires.VllerestlO be paid, Lender shall not be required 10 pay Borrower any inleresl or earnings on the Funds. Lender
<br />shall givlto Borrower, withouI charge. an annual accounlinl of !he Funds showing credits and debits to the Funds and the
<br />purpose for which each debit to lite Funds was made. The Funds are pledlecl as additional securilY for the sums secured by
<br />this Security Insttwnau.
<br />If the amounl of lhe Funds held by Lender. 10selher with the future monthly pa~ts of Funds payable prior to
<br />the due dates of the escrow items, shaI1 exceed the amount required to pay tht escrow items when due, the aces sbaII be,
<br />at Borrower's option. either promptly repaid to Borrower or credited 10 Borrower on monthly paymeDts of F1IIlds. If the
<br />amount of the Funds beld by Lender is not sufticicnt to pay the escrow items when due, Borr.JWa'shaIl pay to lAnder any
<br />amount necessary to make up the deficicncy in one ;)C III(ft paymeDts as required by Lender.
<br />Upon paymeDt in full of all sums secured by this Security InstrUment, Lender shall promptly refuad to .........
<br />any Funds held by Lender. If under parasraph 19 ahe Property is sold or ac:quircd by Lender, I.cnder shaI1 apply, no law
<br />lhan immediately prior to Ihe sale of the Propcny or its acquisilion by Lender. any Funds held by Lender at the time of
<br />application as a credil apillJllhe sums secured by this Security Instrument.
<br />3. Application of Payments. Unless applicable law provides otherwise. all payments received by Lender.UDdcr
<br />paragraphs I and 2 shall be appliecl: first, 10 Jate charges due under the Note; second. 10 ~yme1lt charps due under the
<br />Note; !hird. 10 amounls payable under paragraph 2; fourth. 10 inlerest due; and lasl. to principal due.
<br />4, CIw-ges; Liens. Borrower shall pay all talles. assessments, charges. fines and impositions attribu1able to the
<br />Property which may allain priori!}' over lhis Security IIIJtrUma1t, and leasehold payments or IJ'OUBCII'flIIts, if any.
<br />Borrower shall pay lhese obligalions in the manner provided in paragraph l. or if not paid in lhat manner. BonowersbaU
<br />pay them on lime directly to Ihe person owed payment. Borrower shall promptly furnish 10 Lender all notica of amowats
<br />to be paid under IlllS paragraph. If Borrower makes Ihese payments directly. Borrower shall promptly furnish to Leader '
<br />rt:eelpts evidencing lhe payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument unIaa BOfl~, Ca)
<br />agrees in writinllo Ihe payment of tbe obliption secured by Ihe lien in a manner acceptable to Lender: (b) contests iajoocl
<br />faith Ihe lien by, or defends against enforcemenl of the lien m, Iepl proceeclings which in !he Lender's opinion opasIe to
<br />prevent the enforcement of the lien or forfeiture of any pan of the Propeny; or (c) secures from the holder of the _ an
<br />agreemenl satisfactory 10 Lender subordinatinllhe lien 10 Ihis Security IlIJlrument, If Lender determiaes that any pitt or
<br />the Property is subject 10 a lien which may altain priorilY over this Security Instrument, Lender may Jive Borro-. a
<br />,iUi...e i.Jc"iilyinllhe jien. fiorrower sillw sa[lSty the lien or take one or more 01 tbe acnons5eflOitli a e
<br />oflhe pVtDg ofno!ice.
<br />5. HazarclI_ruce. Borrower shall keep Ihe improvements now existinl or hereafter erected on the Property
<br />imured ap.lnslloss by fire. hazards inclucl..od wilhJi the term "ext..:nc.ed coverage" and any other hazards tOr wAida Lender
<br />requires insurance. ThIS InsUrance shall be maintained in the amounts and for lhe periods that Lender requires. The
<br />Insurance carrier proVIding Ihe insurance shall be chosen by BolTOwer subject to Lender's approval which shall not be
<br />unreasonably .....lthh&1.
<br />All Insurance policies and renewals shall be acceptable to Lender and shall include a standard monpp clause.
<br />Lender shall have lhe nshl 10 hold Ihe policies and renewals, If Lender reqUIres. Borrower shall promptly give to Lender
<br />all reeetpts of patd premIums and renewal notices. In the event of loss. Borrower shaI1 J1~ prompt notice 10 tbe insurance
<br />carner and Lender Lender may make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower olherwise agree in writins. insurance proceeds shall ~ applied to restoration or repair
<br />of the Property ~, If the restoration or repair is economically feasible and Lender's security is no! IeueDed. If the
<br />IUtOt'atlOO or rtjllllr IS nOl ec:onomJCally feasible or Lender's secunty .-ould be lessened. lhe insurance proceeds shaI1 be
<br />applied to the Slims secured by lhls Security Instrumenl, whether or no! lhen due, with any eXCCIIS paid to Botro"",,, If
<br />Borrower abandons lhe Property, or does not answer within 30 days a notICe from Lender thatlhe insuranc:e carrie has
<br />o&red to KIlle a claIm, Ihm l.ender may collecl the illJurance prt'CCeds. Lender may use Iii: proceeds to repairer restOR
<br />the Propen} Of to pay sums secured by Ihis Secunty Instrument. whether or nOI lhen due. The JO.day period will bePn
<br />when lhe IlOlJCe IS glven.
<br />lJ nless Lender and Borrower OIhe/'Wl5e alree In "'rilinS. any' apphcalJOI1 of proceeds e pnncip&1 shall not exlend or
<br />po5tpone the due date of lhe monthly payments referred to in paragraphs 1 ane! 2 or chanse the amount of the payments. If
<br />under parasraph 19 the Property IS acquired by Lender, Borrower's nlbt 10 any insurana policies and proceeds resultiq
<br />from damafe to IIle Propmy prIOr 10 lhe acqUISItion shall pass to Lender to lhe exterl! of lhe sums secured by tllis Security
<br />Instrumenllmmediately poor to lhe acqUISition.
<br />6. PnIet ...... MailltlUltc:e of Proper1}; LaIe...... Borrower shaUIlOl destroy, damage or substaAtiaIly
<br />change the Propeny, allow the Propeny to detcnorate or commn waste. If this Security Inslrumenr is on a IcuehoId.
<br />Bon-ower shall comply WIth the proVlsions of Ihe lease. and if Borrower acquIres fe-c: llll" to rhe Property. the leaschold and
<br />fee mle siuall not merge unless Lene!er lIJRCS to the merger m wollnl!.
<br />7. PTOt<<tion of LeMer's RiPts in tile Pro,erty; Mor1JlIIC InsurlUlCe. If Borrower fads 10 petform Ihe
<br />covenants and agreemenls conlalned In IhlS Security Inslrumenl, or then: IS a legal proceeding lhal may significanlly alrect
<br />Lender's ",hts In Ihe Properly .,such lIS a proceeding In bankruptcy. probllle. for condemnauon or 10 mforc:t laws or
<br />rqulallonsl. lhen Lender may do and pay for whatever 15 necessary 10 protecl the value of the Property and Lender's rights
<br />in the Propeny. Lender's actIOns may Include paYlnll any sums secured by a hen ""hICh has pnonly over thIS Sec:umy
<br />Instrument. appeanng In COlIn, paymll reasonable anomeys' fees and entennl on Ihe Propeny 10 make repairs. Allhough
<br />Lender ma~' take actIOn under thiS paragraph i. Lender does nOI have 10 do so
<br />Any al'tOUnlS dISbursed by Lender under rhls paragraph i shall become additIonal debt of Borrower secured by Ihls
<br />Scc:unty Inslrumenl. Un~ Borrower and Lender allr~ 10 other IenJ1S of payment, these amounts shall bear Inlerest from
<br />the date of dIsbursement at Ille NOle rate and shall be payallle. ""nh lnleres!. upon nOllce from Lender 10 Borrower
<br />requesunll payment.
<br />I{ Lender required monpic Insurance as a condlllon of milking Ine Joan secured by IhlS Sc:cunry Inslrument,
<br />BorrO'lVt:r shall pay rhe premIums reqUIred to main lam the Insurance in elrecl unul such lime as the requirement for Ihe
<br />Insurance lernunalCS In accon:lance ....llh Borrower's and Lender's WMuen allr~menr or apphcable law
<br />8. IMpKtioII. Lc:nder or 115 asent may make r2SOlllble enlnes upon and Inspecllons of the Property Lender
<br />shall.we Borr01lrer llOlK:e lit lhe Ilme of or pnor to an mspecllOl1 speclfYlnll reasonable cau~ for the inspection
<br />9, Co1NIemIution, The prex;eec!s of any award or cla!m for clamage!!. direct or consequen!lal, In connecnon wllh
<br />MY condcmnallOl1 or other laklnS: of any pan of the P'openy. or for conveyance In heu of condemnallon. are hereby
<br />a"l~ ane! siuall be pcld 10 Lender
<br />In !h~ evmt of a total !alllnlS of Ihlt Propeny. Ihe proce-c:ds shall ~ applied to the 'urn, <eel/red t-y tlm Sttunt\'
<br />inSIr'~mflll. "Mlher or not then duc<. wllh IIny eltces!> paId to B<'fTow"r In the event of. ;1arll11i :..jon~ ,..f the Pro~n\',
<br />1..ln~c:n B<>rrf<wl/r ami I.ender olhef'ftrl1>C Bs:nre In wnrms, the \urn< ~cured h\ :h" S-ecunt\ !n'IrUmenl ,hail ~ retiucea t-,
<br />~hf llmOUfl( ",f 'hl! pr(w;~" mullll'lted hv thr rollowm~ fraCtlllfl ia' lhe lnui a!lwunr "r fhe 'um< ",,'ur('d lmm('(jllll~!\
<br />~fnr~ ~h~ !.;ucng, ';11',,'j(j(:'(j I~'t !~J! 'hr fiSH mArket valut.' nf !he- Prnrt('r1\ \ITH~!:'~Jl;j:C"" hdc'Ift" !h{' :Jkln~ '\n\ ~,alan~!' ...rlal. ~'~.
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