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<br />84 - 005791
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<br />Lender pays Borrower interest on the Funds and applicable law permits. Lender to make such a charge, Borrower and
<br />Lender may agree in writjng !ha! !!!ter~! s.h:c~ be. ~id Cti th~ :fu.nds. Ufiil;$s uu agreement is maae,or-applicsoie:,-]aw
<br />requires interest to be paid, Lender shall nol be required to pay Borrower any interest or earnings on the Funds, Lender
<br />shan give to Borrower. without chargew an annual accounting of the, Funds showing ,credits and,debits"-to the'~t.~s':an~l:the
<br />purpose for which each delli! to the Funds was made, The Funds arc pledged as additionalsecunty for. the sumsseeured.by'
<br />this Security Instrument,
<br />If the amount of the Funds held by Lender, together ".'ita the futuremomhly pa~ents ofFundspaYllble Priotto
<br />the due dates of the escrow items, shall exceed the amount required to pay the ~owitemswhen due, the eXc~.s~a11:be;
<br />at Rnr!'nWer's opt!on~ e!!her promptly r~id to Borro_ervrcreditcd-tu-~eru~-,!m~~1tnjY'pisymmts'_~f'~~';_~'~~e-o
<br />amount of theF unds held by Lender is not sufficient to pay the escrow itetr.s when due, Borrowershallpayto~"lUIY
<br />amount necessary to make up the deficiency in ope or more payments as required byLender.
<br />Upon payment 111 full of all sums secured by this Security Instrument; Lender shall promptlYTefundtO:~lTower
<br />any Funds held by Lender. If under paragraph 19 the Property is sold or aCQwredby Lender,~sha!!awW,~!"'"''
<br />,han immeriiateiy prior to tile sale of the Property or its acquisition by Lender, any Funds held by Lenderatthe'time'of
<br />application as a credit against the sums secured by this Security Instrument,
<br />3. Application of Payments. Unless applicable law provides otherwise. all payments received by Under under:
<br />paragraphs I and 2 shall be applied: first, to late charges due under the Note; second, to prepayment charges dlie under the
<br />Note; third, to amounts payable under paragraph 2; founh, to interest due; and 1M!; to principal due.
<br />~. Charges: Liens, Borrower shall pay all taxes, assessments. charges, fines and impositions attributable to the
<br />Propeny which may attain priority over Ihis Security Instrument, and leasehold payments or ground. rents. if any.
<br />Borrower shall pay these obligations in the manner provided in paragraph 2. or if not paid in that manner; BorrowersbaU
<br />pay them 0:: mnc jii'~ily 10 ,he pep.;on owed payment, Borrower shall promplly furnish to Lenderallnotit:esofamounts
<br />to be paId under this paragraph, If Borrower makes these payments rlirectly, Borrower shall promptly furnish to Lender
<br />receipts evidencmg the payments,
<br />Borrower shall promptly dIscharge any lien which has;" 'J.', over this Secunty Instrument unless Borrower: (a)
<br />agrees In writing 10 the payment of ,he obligation .i-Cl<reri by tt.._ ..~,. in a manner acceptable to Lender; (b) contests in good
<br />faith the lien by, or defends against enforcement of the lien in. legal proceedings which in the Lender's opinion operate to
<br />prevent Ihe enforcement of the iien or [orteiture of any part of the Property; or (c) secures from the holder of the lien an
<br />agreement satIsfactory to Lender subordinating the lien to thIS SecudlY Instrument, If Lender determines that any part of
<br />the Property IS subject to a lien whIch may attam priority over this Security Instrument, Lender may give Borrower a
<br />nouce .dentifymg the lief!. Borrower shall sausfy Ihe lien or take one or more of Ihe actions set forth above within IO days
<br />oflhe gJvmgofnottce.
<br />5, Hazard insut'llJt{;c, Borrower shail keep the improvemenls now existing or hereafter erected on Ihe Property
<br />Insured agamst loss by fire, hazards Included withm the lerm "extended coverage" and any other hazards for which Lender
<br />requ.res Insurance, ThIS Insurance shall be mamtamed Il1 the amounts and for the penods that Lender requires, The
<br />Hlsurance carner prOViding !h~ msurance s.h:1B be chosen by Borrower subjC'Xt to Lender~s approval whlch shai1 not be
<br />unreasonably wuhhe1d,
<br />All insurance pollc.es and renewals shall be acc,"plable to Lender and shall include a standard mortgage clause.
<br />Leader shaJI have the nght to hold the ,",heH:s and renewals, If Lender reqUIres, Borrower shall promptly give to Lender
<br />all recetpts of paId premIums and renewal HOllCes, In the evenl of loss, Borrower shall gtye prompt nottce 10 the insurance
<br />carner and LendeL Lend~f frtay make proof of loss if not made promptly by Borrower.
<br />Unless Lender and Borrower otherwiSe agree In wming, insurance proceeds shall be applied 10 restoration or repair
<br />of Ihe Property damaged, If the restorallon or repaIr .s economically feasible and Lender's security is nol lessened, If the
<br />r<:,)toration or repair is not e-~'Onom.cally feas.ble or Lender's security would be lessened, Ihe insurance proceeds shall be
<br />applied to the sums "'cured by !hlS SecunlY Instrument, whether or not then due, with any e.'Cess paid to Borrower. If
<br />Borrower abandons the Prol""rty. or does not answer wuhin 30 days a nonce from Lender thaI the Insurance carrier has
<br />offered to settle a claIm. then Lender may collccllhe .nsurance proceeds, Lender may use the proceeds to repair or restore
<br />[fie Property Dr i0 pay SUmS SnUI"cU by thlS S~tiniY lfisifumt'fH. Whether or nUl thc:n du~. The 3v.uay period will be8iil
<br />when Ihe nonce IS gIven
<br />Unless Lender and Borro",er lHher"',se agree Il1 wrltmg. any appllcallon of proce<:ds to pnnctpal shall not extend or
<br />postpone the due date e'f the monlhlv payments referred 10 m paragraphs 1 and 2 or change the amount of the pa)'ments, If
<br />under patagraph IQ the Property IS acqUIred by lender, Borrower's nghllO any msurance policies and proceeds resulung
<br />from damage to Ihe Property pnor to Ihe acquLSlUon shall pass to Lender to the extent of the sums secured by this Security
<br />Instrument Immediately pnor !O the acqumllon,
<br />6. Pr_.....lion and :\taintenance of Property; Leaseholds. Borrower shall not destroy, damage or 5ubslanllally
<br />change the Property, aHow the Property 10 delenOrate or commH wasle. If this Security Instrument IS on a leasehold,
<br />Borrower shall comply wHn .he provlS'Ons of the I=e. and If Borrower acqUires fee tIIle to the Property, the leasehold and
<br />fee title s!tall not merge unless Lender agrees 10 the merger in wrltmg,
<br />7, Prot_lI of Lender's Rights in tlte Property: \tortgage Insurance. If Borrower falls to perform the
<br />OO'Ienanls and agreements contamed m !hlS Security Instrument, or there IS a legal proceedmg that may slglllficantly affect
<br />Lender's nght> m .he Property lsuch as a proceedmg m bankruptcy, probale. for condemnallon or 10 enforce laws or
<br />regulations). lhen Lender may do and pay for whaJcver IS ne<.'eSsary to protect the value of the Property and Lender's nghts
<br />to rht Property_ Lender's actions may lOdude paying 3ny sums secured by j lien which has pnonty over this Secufny
<br />Instrument. appeanng 10 court. paling r~asonable auorneys' fees :and entenng on the Pioperty to mak:= repairs, Ahhuugh
<br />Lender may lake aCllon under th" paragraph ~. Lender does not ha'e to do so
<br />,'ny al'lOtlnts dISbursed by Lender under thIS paragraph 7 shall be.:ome additIOnal debt of Borrower secured by lh.s
<br />Secunty Instrument. Unless Borrower and lender agree 10 other 'erms "I payment, these amounts shall bear tnterest from
<br />the date of dtsburSoefnent at the Note fate .lnd shall he pa~abk. '-"Hh Interest. upon il('ttICt: fr0m lender to Burro'\.cr
<br />requesting P<tymcm.
<br />If Lender required mortgage lfiSUl1\11Ce as a condtlton 01 maKing tne wan secured by thIS Seeurtly Instrument.
<br />Borrower shall pay the premlum~ requtn:d to maIO tam the ,nsurance III effect llnul such time as the requIrement for the
<br />ll1Sllram:e lermin,"es In accordance wilh Borrower', and lender's wntten agreement or applicable law.
<br />8. I~. Lender or liS a&em may male reasonable enmes upon 41ld ,"s"""uons of Ihe Property Lender
<br />shall lllve Borrower nQtl<< al tlie Ilm.e of or poor m..n ll1SpectlOO speclfymg reasonable cause for Ihe lIlspection
<br />9. C~tiotl. The: proce.:ds of any a....ard or claim for damage,;, direct or lOonsequentlal. m connection wllh
<br />any c~nation or Qtbc.r takJnJl L,~ any PAl1 of rhe Prooert'f, nt fOf LO"lo-('VBn(~~ m he!.! t'{ ..~0!Hj-e-mnatH,m. ,ue here-by
<br />~ _hhalllic pllld to l~r .. . . ,
<br />In tbe nau of a total ta~m.. of the Propeny, the proceeds shall be applted to the ,urns "",'ured by tlus S<'Cllnty
<br />haulJIMnt. ....hclner or nol the" dlle, ....Ult ;illy rAC!'U paid to BorrO'>\>er In the rvenl of a partlalta~llIg l.lf .he Prot",r,,'.
<br />\ID~ Bono,"er .wd Le:nde.r otlt"l"i"U>e AVe<! III wnun.. the ,\11m secured by thl' Secunty In~rrume:nt shall be reduced t>\
<br />.he ~m of Ill>\! pru<;eeC' mulllpilCd by the: followrnl (racllOt>: .al the lOull amount "f the sum, ,.ecured m,mll'1.hatd;
<br />before ~h~ ta~.Hl.J~ dlvl~ by {bi ttl~ fa~r t!H!!ke~ \"~h...~ ~"f t:h~ ?xp.;-:';,;! ;.-n-m~lii;i:i!, ~ftJft ihe t;iklit,g :"'n} \.lltlam."e shaH be-
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