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<br />84-- 006829
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<br />Lender pays Borrower interest on the Funds and applicable law permits Lender to make such a ehllrge. Borrower IInd
<br />Lender may "gree in writing that interest shall be paid on the Funds. Unless an agreement is rnac:ie or applicable law
<br />requiresrterest to be paid. Lender shall not be required to iXY Borrower any interest or cuninp on the Funds. Lender
<br />shall give to Borrower. without charge, an annual accounting of the Funds showing ,-redits and debits to the Funds and the
<br />PUI'JlO5C 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 pa~ts of Funds payable prior to
<br />the due dates of the escrow items, shall exceed the amount required to pay ~ escrow items when due, the CJICCIS m.u be.
<br />at Borrower's option, either promptly repaid to Borrower or credited to Borrower on monthly payments ofFUllds.lfthe
<br />llIDOWIt of the Funds held by Lender is DOt suflicient to pay the escrow items wbeD due, Borrowter m.u pay to L.der any
<br />llIDOWIt necasary to make up the defic:icnc:y in ODe or more payments IS required by Lender.
<br />Upon payment in full of aU sums secured by this Security Instrument, Lender sba1I promptly ref1md to ~
<br />any Funds held by Lender. If under puasraph 19 the Property is sold or acquired by Lender. Lender sba1I apply, DO later
<br />than immediately prior to the sa!.. of the Propeny or its acquisition by Lender. any Funds held by Lcnclcr at the tiaae of
<br />application as II credit &pinst the sums secured by this Security Instrument.
<br />3. AppJic:ation of Pllymeats. Unless applicable law provides otherwise. aU payments received by Lender \IDder
<br />parasraplts I and 2 shall be applied: first, 10 late charges due under the Note; second, to prepayment charJes dill: under the
<br />Note; third, to amounts payable under paragraph 2; fourth, to interest due; and last. to principal due.
<br />4. C1aarges; Uens. Borrower sha1I pay all taxes, assessments, charges, fines and impositions attriblltable to the
<br />Properly which may attain priority over this Security Instrument, and leasehold payments or JI'OWld rems. if Ill)'.
<br />Borrower shall pay these obligations in the mllnner provided in parasraph 2. or if not paid in that manner. Bonower sbaU
<br />pay them on time directly to the person owed payment. Borrower shall promptly furnish to Lender aU DOtica of amounts
<br />to be paid under this paragraph. If Borrower makes these payments directly, Borrower shall promptly furnish to Lender .
<br />receipts evidencinglhe payments.
<br />Borrower shall promptly discharge any lien which has priority over this Security Instrument un1as BoHGWti. ea)
<br />agrees in writing to the payment of Ihe obliption secured by the lien in a manner ac:eeptable to Lender; (b) comests in good
<br />faith the lien by. or defends against enforc:ement of the lien in, legal proceedinp which in the Lender's opinion operate to
<br />prevenl the enfon:ement of the lien or forfeiture of any part of the Property; or (c) secures from the bolder of the _ aD
<br />agreemenl satisfactory to Lender subordinating the lien to this Security Instrument. If Lender determines that any put of
<br />_he Property is subject to a lien which may IIttain priority over this Security Instrument, Lender may live Bomnrer .
<br />notice identifying the ,lien:. !k>1'!~!,er~~I!.!&!isfy theJil:!l_Q!'.~~~cm~.QLm~re_of IhUC1i.om5et_fort.u~tO.._
<br />,. Oltne-giViiig ofnorlCe. -- .
<br />S. HaunlIDsurance. Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insur.1i apinst loss by fire. hazards included Nithill the tenT. "extended CO\ferllJe" an.:i any other hazards for which LeDder
<br />requires Insurance. This insurance shall be maintained in the amounts and for the periods that Lender requires. The
<br />Insurance carrier providing the insurance shall be chosen by Borrower subject to Lender's approval wbich shall DOt be
<br />unreasonably withh&1.
<br />All insurance policies and renewals shall be acceptable 10 Lender and shall include a standard mortpl!: clause.
<br />Lender shall have the right to hold the policies and renewals. If Lender requires. Borrower shall promptly give to Lender
<br />all m:e:pts of paid premiums and renewal notices. In the event of loss. Borrower shall give prompt notice 10 the insurance
<br />carner and Lender, Lender may make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwise agree in writing. insurance proceeds shall be applied to restoration or repair
<br />of tat Property damaJed. if the restoration or repair is economic:aJly feasible lUld Lender's security is not lessened. If the
<br />restoratIOn or repair IS not economaca1ly feasible or Lender's security would be lessened. the insurance proceeds shall be
<br />~ to the sums secured by this Secunty Instrument. whether or not then due, with any excess paid to Borrower. If
<br />..,~{ abandoM the Property. or does not answer wllhin 30 days a notice from Lender that the insurance carrier has
<br />tl" 10 setUe II claim. then Lender may col~ Ih~ insurance proceeds. Lender may use the proceeds to rep Iir "r restore
<br />:hc ~y 01' to pay sums secured by this Secunty Instrument, whether or nOI then due. The JO.day period will bqin
<br />"'lDe tatnotK:C 1$ pven_
<br />tTlmhs lencIer and Borrower otherw1Se agree in writing. any application of proceeds to principal shall not extend or
<br />,...~ lhed~ date of the monthly payments referred 10 in paragraphs llUld 2 or change the amount of the payments. If
<br />HII\Icr ~ 19 the Property IS acqwred by Lender. Borrower's nghlto any insurance policies and proceeds resulting
<br />from damqe 10 the Property prior 10 lhe acquisition shall pass 10 Lender to the extent of the sums secured by this Security
<br />Itmrument Immcc1iately prior to the acquisition.
<br />6. Pl... ..tM aacl M.aillteuace of Property; Leuebokts. Borrower shall nOI deslroy, damllge or substantially
<br />chlUll!: the Property, allow the Property 10 deteriorate or commit wasle. If lhis Securily Instrument is on a leasehold,
<br />Borrower shall comply with the proYlsions of the lease. IInd if Borrower acquires fee mle to Ihe Property, Ihe leasehold and
<br />fee tide shall not merse unless Lender agrees to the merger in wriling.
<br />1. ProcectioIl ef Lcnder's Ripa i. the Property; MorlpIe Insurance. If Borrower fails 10 perform Ihe
<br />covenants and agreements conUlined in this Security Instrument, or there is a legal proceeding !hat may Significantly affect
<br />Lender's rights in lhe Propeny (such as a proceeding in blUlkruptcy, probale, for condemnation or to enforce laws or
<br />rqulatioftS). IMn Lender may do and pay for whatever is necessary to prolect Ihe value oflhe Propeny and Lender's n,hts
<br />in the Property. Lender's actions may include paying any sums S<<'ured by a lien which has prionty over this Secunty
<br />Instrument. appearing In coun. paying rcuonable atlorneys' fees IInd entenng on the Propeny to make repairs. Allhough
<br />Lender may take action under thIS paraJraph i. Lender does no! have to do so_
<br />Any al'lOUllt5 disbursed by Lender under this paragrllph i shllll become additional debt of Borrower secured by thiS
<br />Sec:unly Instrument, Unlcss Borrower and Lender agree to other lenDS of payment. [h~ amounts sh311 bear ,"terest from
<br />the date of dlsbunemenl al lhe Note rale llnd shall be payable. "'lIh mleresl. upon nOlice from Lender 10 Borro"er
<br />rcqucstintJ psyment.
<br />If Lender reqwred mortgage Insurance lUl a Condlllon of making tfte lOIn S<<'ured by this Secunty Instrument.
<br />Borrower shall pay lhe premiums required to mllintllin the Insurance In effect until such lime lIS the requiremenl for the
<br />inswance termlnalCS in ac:cordanc;e with Borrower's and Lender's wntlen agreemenl or applicable IIW
<br />S. I~. Lender or Its agenl mllY malte reasonable enlnes upon and mspecllons of the Propeny Lender
<br />sMAl I've Borrower notice althe time c)( or pnor to an inspection specifying reasonable caUK (or the tnspecnon,
<br />9. Cflnd...nation. The procceck of In)' award or claIm for damages, dlrecl or conKquennal. In connecllOD ...."h
<br />lUly condemnation or other twnS of My pan of lhe Proveny, or {or con"eyance In lieu of condemnauon. are hereb\'
<br />USlped and sbaI1 be peJd to Lender
<br />In the "tnt of a 1011,1 takms ')( the Propcny. the proceeds shall be applied to the sum~ secured by thIS Steun!\
<br />Instn.ttnel'll. whether or not then dllC. wllh any excas palll 10 Borrower In Ihe event of a pIInta! lal,;ll1~ of the Propern,
<br />uni_ Borrower an<:! Len<U:r c>lMrwlse "Ircc '" wnnng. Ihe sums s<<ured b~' tlm ~cunty Instrumenl ~hllll be: reduced h
<br />lhe 'UIIOI.IrH o{ the I'uxn(', mlJJuplled by the follo'llllnll fraClH.lfl fai the IOllllllmounl ill' Ihe '11m, 'CCUfed lmmedlluei\
<br />ootOfe lk... 1111""&. dl\ldw~' (b, fhe fallT markel 'lIhlllofrhcl',of'tnv Immedlllte!- bdn'e lht lllklll, A,1lI ha!'Il1"< ,h,,;: ~'r
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