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<br /> �;.J 92--.1os�ei
<br /> „ � IiN�FOaM Covetu�NTS. Bormwer�nd l.ender cavenwnt and egree as Pollnwr�:
<br /> - 1. P�y�ent of Prioctpal uid lotenrti Prep�y�pent�nd Late(.'b�rQea. Horrowcr shelf promplly ps�y whcn duc
<br /> the prfacipal af ind interest on the dcbt evidmced by the Note and any prepayment And latc charg�w due under the Nnte.
<br /> 2. Fund�foe T�xe��nd Imurwce. Subject ta Applicable lew or to a wriucn wuiver by Lender,Borruwer�hul l pay
<br /> �� ' -�' to l.ender on�he day monthly p�ymentr are due under the Note,until thc Note ic paid in full,a�um("Funds')cyual u►
<br /> � onrtwelRh of:(a) yearly twzcs and osscx�rnentr� which may attain prlority aver this Sccurity Instrumrnt; (b) ycarly
<br /> � lesuehald puyrnent� or graund «ntg�n the PrupeMy, iP eny; (c) ycnrly hezard insuruncc prcmiums; Lnd (d)yearly ''
<br /> --- """' mongagc insurancc prcmiums,if nny.Thcsc it�ms urc cnllcd"eerr��w itcmx."[.cnder mny ewtimale the Fund.r du�nn the G_
<br /> banis of current dala and reasonabla eatimatca of fLture eFCrow items.
<br /> The Funds ahal)be held in pn inr.titution Ihe deposits or accaunts of which are in�ured or guuruntecd by a federul or
<br /> a;,»:«..;�, " ' otate agency(including Lender if L.ender is Puch an inetitulion). Lender shuU apply the Funds �o pay the escrbw items.
<br /> r•'� `•.�.� :. �`y"• Lender may notcharge Por holding and applying the Funds,analyzing the account or verifying�he egcrow itcros,unless
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<br /> , �.;.,,,._1,��,;�,,,, � Lendcr pays Borcowcr interest on the Funds and applicable lew permits I.ender ro makc such A charge. Borrower and
<br /> Lender may ugree in writing that interest shall be paid on the runds. Unf�a an ngreement is made or applicable low
<br /> — ���:_��,�+� requires interest to be paid,Lender shall not be required to puy 8orrower uoy interest or eurnings on the FunJs. I.ender
<br /> ehAll give to Borrower,without cherge,an ann ual accoun�ing of the Funds showing credits and debits to thc Funds and the
<br /> �� � l purpose for which each debit to the Funds was made.The Fuuds are pledged as additional scecurity Por the sums secured by
<br /> �� >+`�� thisSecurity Instrument.
<br /> If the amount of the Funds held by Lender,togethcr with the futurc monthly payments of Funda payable priar to
<br /> ��,��}:{:� ., the due dates oithe escrow items,shall excced the amount requi�ed ta pay the escrow items when due,the excess shall be,
<br />— �,;,,�,;_=y. � at Horrower's aption,either promptly repaid to Borrower or credited to Borrawer on monthly payments of Funds.If the
<br /> - •� ��'-�• . - �=-.T amount of thc Fueds hcld by Lender b not sufficient to pay the escrow items when due,9orrower shall pay to Lender eny -4
<br /> �•• �• '�' wmount neces.sary to muke up thc deficiency in one or more payments as required by Lender.
<br /> a• -• �a•• • •,,�:�, Upon payment in Pull of all sums saured by this Security Instrument,Lender shall promptly refund to Borr4wer
<br /> ' ' ' � any Funds heid by Lender.IP under peragroph 19 the Property is sold or acquired by i.ender,Lender shall upply,no luter
<br /> � �: � " � A I than immediately prior to the sale af the Property or its acquisition by Lender,any Funds held by Lendcr at the time of
<br />- a .`� application as a credit egainst the sums secured by this 3ecurity Instrument.
<br /> ° � �r,;t:k,�,;�:,�,�:.. 3. Application of PAymeata. Unless applicable Iaw provides otherwise,all payments received by Lender under _
<br /> • �,� paragraphs 1 and 2 shail be applied:fin+t,to late charges dur under the Note;second,to prepaymcnt chargcs due under the -
<br /> . ,. � Note;third,to amounts payable under paragraph 2;Pourth.to interest due;and last.to principal due.
<br /> �..a � • :�; 4. �es; Lknr. Borrower shall pay all teaa�assessmenta,charges,Bnes and impositions attrfbutable to the
<br /> • � PropeRy which may attain pnority over this Security Instrument, and leasehold paymcnts or ground rents, if any.
<br /> • �•��•�°' ' '1�' ' Borrowcr shall pay these obligations in the manner provided in paragraph 2,or if not paid in that manner,Boaower shall —
<br /> ��--� pay them�n time direcNy to the Qerson owed payment.Borrower shall promptly furnish to Lender all notices of amounta
<br /> '.. ° to 6e paid under this paragraph.lP Borcower mwkes these payments directly,Bnrcower ahall promptly Purnish to Lender
<br /> ' o _ , . •. rs raxiptsevidencingthepayments, `
<br /> � . Horrower ahall promptly discharge any lien which h�,s prlority over this Security Instrument unless Borrower:(a)
<br /> '. N, . . agrees in writing to the payment of the obligetion secured by the lien in a manner acceptable to Lender;(b)contests in good
<br /> . � faith the lien by,or defends against enPorcement of the licn in,legal proceedings which in the Lender's opinion operate ta
<br /> � ��,. _:.:. " ':, .. prevent the enfarcement of the lien or Forfeiture of any pan of the Property;or(c)secures from the holder of tBe lien an
<br /> - agreement satisPactory to Lender subordinnting the lieu lo this Security Instrument.If I.ender determines that uny part oP
<br /> � , . � the Property is subject to a lien which may attain priority over this Security Instrument,Lender may give Borrower a
<br /> ' , ,.,o�;,P4 notice identifying the lien,Borrower shall setisfy the lien or takc onc or more of the actions set forth above within 10 days
<br /> �,��.�, .. .„° ofthegivingofnotice. _
<br /> ��, ' S. H�rd Iruurance. Borrower ahull keep the improvements now existing or hereafter erected on the Property
<br /> .'�4 '"�'" ' . insured Against loss by fire,hazurds included within the term"extended coverage"and any other hazards for which Lender
<br /> y :,�� •� requires insurance. This inaurance shall be maintained in thc amounls and for the periads thut Lende�requires. The
<br /> !� �� insurance carrier providing the inaurance ahall be chosen by Borrower subject to Lender's approval which shap not be �'
<br /> .r unreasonably withheld. �
<br /> � , �� AU insurance policies and renewuls shall be acceptable to Lender and shall include a standard mortgage clause. —
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<br /> . - �.„ L.ender shall hnve the right to hold the policies and renewals,iP Lender requires,Borrower shall promptly give to Lender „__
<br /> ., ,..., ' all receipts of paid premiums and renewal notices. In the event of loss,Borrower shnll give prompt notice to the insurance
<br /> � ' . �* carrier and Lender.Lcnder muy moke proof'oF loss if not made prompdy by Borrower. ¢:-_
<br /> • ' Unless Lender and Borrower otherwise agree in writing,insurance proceeds shall be applied to restorution or repair '"
<br /> , _ of the Property damaged,if the rcstomtion or repair is economically feasible and Lender's security is not lessened.If the �
<br /> � _ _ • restoration or repair is not economically Peasible or[.ender's security would be lessened,the insuronce praceeds shall be
<br /> � .. applied to the sums secured by this Security Instrument, whether or not then due,with any excess paid to Fforrower. IP �
<br /> '�* Borrower abandons the Property,or does not answer within 30 days a notice from Lender that the insurance carrier has
<br /> � offered to settle a claim,then Lender may collect the insurance praceeds.Lender may use the proceeds to repuir or restore
<br /> � the Property or to pay sums secured by this Security Instrument,whether or not then due.The 30-day period will begin �-,
<br /> . when the notice is given. :-
<br /> t• � Unless Lender and Horrower otherwise ugree in writing,uny application of proceeds to principal shnll not extend or Y
<br /> � postpone the due date of the monthly payrnents referred to in paragrs►phs I and 2 or change the amount of the payments.IP �
<br /> � . under paragruph 19 the Property is acquired by Lender,Borrower's right to uny insurnnce policies und proceeds resulting `
<br /> " • �� from damage to the Propeny prior to Ihe ucquisition shull pass to Lender to the rztent of the sums secured by this Security
<br /> ' '` Instrument immediately prior to the acquisition. �'
<br /> � 6. PreservAtion and MAintenance otProperty;Les�seholds. Borrowershall not destroy,damuge or substantially
<br /> ,,o,,,�,;;;�,,,..,,,�,,�.,„,,•• change the Property,allow the Property �o deteriorate or commit waste. If this Security Instrument is on n leasehold,
<br /> �.s'� • ' '� ° Borrower shall comply with the provisions of t he lease.und if Borrower aryuires fee title to the Property,the leasehold and
<br /> ;� � fee title shall not mcrge unless Lender agrees to the merger in writing.
<br /> 7. Protection of i.ender'a RiRhts in the Property; MortQOge Insurance. If Hormwer fails to perform the
<br /> �` covenants unct agreements contamed m[nis�ecun�y instrumen�,ar tnerr is a iegui proce�•ciing tna[may signiticantiy utiect �.
<br /> �� Lender's rights in the Property(such ns a proceeding in bankruptcy, probute,for condemnation ar to enforre laws or ,
<br /> regulations),then Lender may donnd pay for wha�ever is neces�ary to protect the value of the Pr.,�xrtp and Lender's rights
<br /> �' in the Property.Lender 4 uction�muy include paying nny sums scrured by n lien which has priority over this Security
<br /> ' ; Instrument,appearing in court,paying reasonablr atturneyx'ferx and cntering on the Property to mnke repairs.Although ,
<br /> � . Lender m�y take action undcr this paragruph 7.Lender da��s n��t havr tu do so. �
<br /> ' Any nmounts disbursed by Lendcr under this purngraph 7 zhall txcome udditional debt of Horrowrr xrcured hy Ihi.
<br /> � . Security Instrument.Unless Borrower and Lender vgree to other tcrms of paymrnt,these amaunts shall bear intcrest frum
<br /> • �' the date of disbursement at the N�ite ratr and tihall lx pay:�hlr. ��•ith intrretit, upun n��ure from Lender tn B��rrc�x�er
<br /> requesting payment.
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