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<br /> Upon payment in fiull of all sums secured by this Securiry Insuument, I.ender shalt promptly refund to Born�wer any � �
<br /> . Funds held by Leader. If,uader Pazagrap5 18. Leader shall acquire ox sell the Property. Lender,prior to the acquisirion or i ' ' �_
<br /> sale of the Property, shall apply any Funds held by I.ender at the time of acyuisirion or sale as a credit agair,st the sums � . , � • -
<br /> secured by this Securiry Instrument. ' : .
<br /> 3. App3lcattow o4 Poymemt9.All payments of principal aztd interest re�ived by Lender shall be a�plied as pmvided in � •
<br /> the Note. If Borrower owes Lender any iaze charges, or other fces or charges ("oth�r charges'), they will be payable upon - - :
<br /> ' demand of L�ndec. YJnless prohibited by law,the applicatioa of payments may be affected by the impositian of other charges. � ,
<br /> Therefore, paymenu of other cbarges. whether paid to Leader in addi6on to the monthiy payment or sepatately, will be , ; �
<br /> applied in a manner at the absolute discretion of the Lender. Borrower agrees that LeQ.der may appiy aay payment received ' . � ,'-- � •
<br /> - under Faragrapbs I and 2.either fiist ta amounts payahlc uader Paragraph 1,ar first ta amaunts payable under F'aragragtt 2. r ;~�-�-�:��.�
<br /> . 4. Prior Ndo�4gages and Deeds of'frust;Chsrges;I,teos.Borrower shall perform all of Barrower's obligations under � :���``�-��s
<br /> 4ga r •
<br /> . aay mortgage.deed of aust or other securiry agreement with a lien wluch has priority over this Security t��R+e*±r, if any� �"'"�"'' �
<br /> includiag Bosrower's covenants to maSce nts when due.Borrower shall a or cause to be a�d all taxes,assessmeats and • ' `�� `�'
<br /> P�E P Y P � � ..�__--`� _.-
<br />� `� other charges.fines and impositions amibutable to the Property wlrich may attain a prioriry over this Sewrity Instmment,and ( . " ��,�
<br /> j leaseholQ payments or gmund rents.if aay. E , ' .,�;-'°': .
<br /> j Borrower shaU also pay,before the same become deliaquent,the entire amount of aay taa levied upon this Security � . --
<br /> y in iment,upon the interest of I.ender under this Securiry Iastrument or upon the indebtedness secured hereby.
<br /> � S. Insa�nce.Borrower shall Yeep the improvements now ex�stiag or he�fter emcted on tbe Property insured against � .° -� � "-
<br /> -�,�`�
<br /> � Ioss by fire, hazazds included arithin the term"exteaded coverage,' flood and any other har�rds as L.ender may require,from �...-
<br /> time to time.and in surh amount and for such periods as L.eader may requin. �a�.�''��--
<br /> The insurance cazrier providing the insurance shall be chosen by Borrower subject to approval by Lender;provided �
<br /> ,y � ,.:� . •
<br /> • that s�ch approval shall not be unreasonably withheld.If the Borrower fails to maintain the coverage described above.Lender � -
<br /> ;,�, may,at ita option,obtaia coverage to protect its rights in the Propei4y in accordance with Paragaph 8.All insurance policies , .`y.� �_'�°: "
<br /> and renevrals thereof shall be in a form acceptable to Lender and shall include a standard moagage clause in favor of and in ��•�
<br /> �>.•
<br /> ` a form acceptabie to Lender.Lsader chall have the right to hold the policies and renewals thereof,subject to ttte terms of any •_ - -
<br /> mortgage, deed of tmst or other sea�rity agreement with a lien which has grioriry over this Securiry Iasunment� [f any - ,. ';� ••.
<br /> insurance proceeds are made payable to Borrower, Borrower shall pmmpdy pay such amotmts to L.ender. including, without ' '=�` � '�� ,`'`'
<br /> limitation.the endoisement to Lender of azty proce�ds made hy check or other draft. �-;:.�f�-..
<br /> Unless Lender and Borrower otheiwise ag�es in writing,insurance procee�s shall be applied to restoratioa or rcpair - �-�"�<.:r '-..; "s'
<br /> . .,r.+dirNi.
<br /> of the Property damaged, if the �estoiation or repair is economically feasIble and Lender's security is not lessened. If the h ''s �; i.
<br /> restora6on or iepair is not economically feasible or L.ender's securiry would be lessened, the insurance proceeds shall be ,;�� " �.`�}. .
<br /> applied to the sums secured by this Securiry Instrument,v�hether or not thea due.with any excess paid to Boaower. " '
<br /> Unless I.ender and Borrower otherwise a in writin ,an lication of roceeds to rincl al shall not extend or ��� � �� '��
<br /> S� � Y aPP P P P . • � ; '
<br /> postpone the due date of the monthly paymeats referred to in Pacagraphs 1 and 2 or change the amounts of the payments. If - �' �.. -
<br /> under Para h 18 the Pro is b Lender. Borrower's ri t to an iaswance olicles and roceeds resvltin �' S' '�
<br /> 8�p P�Y a�� Y 8h Y P P g ��:�:a...,+n.:.. ��
<br /> from damage to the Property prior to the acquisition shall pass to LRnder to the extent of the sums secured by this SecusIry � � ' +�+--
<br /> j�gp[immrdia�Qly prior to the acquisitioa. �=�� %'F
<br /> �•�;.
<br /> The rovisions of this Para h 5 oonccmin the a ent.disbuisement or lication of insurance roceeds shall '"�'*'� �'°y�"
<br /> P 8�P 8 P Ym aPP P �.� ,�;,-
<br /> l to an insurance roceeds o��erin the Pro whether or not(i)Lender is a na�ed insured, the li contains a '±• �'• ---
<br /> aPP Y Y P S PertY (� Po��Y ►•. .
<br /> mort ga ge clause or(ui)Ixnder has required Borrower to maintain the insurance. Boao�rr authorizes and diiects any insurer . ; .��r ��'�
<br /> to list Lender as a Iass payee on aay payment of insurance proceeds upon Lender's notice to insurer of l.ender's interest in the •�.:�:,�..�_�LL--�__
<br /> � insuraace mceeds_ . �'�'
<br /> P --=:�.r� T, '''��'
<br /> In the evecT of loss,Boaower shaU give prompt notice to the ins��ee cazrier and L,ender.lxnder may make pmof ��� -- -_
<br /> of loss if noi made prompily by Borrower.
<br /> '. �`�:w�,-
<br /> .. :=r;.,.
<br /> If the Properry is abandoned by Borrower, or if Bas�ca�er fails to respond to I.ender wlthin 30 days fmffi t�e date _�•�
<br /> . notice is mailed by Lender to Borrower that the insurance�..zier offets tfl settle a claim far insurance bene�its. �.ender is • ::°'.:�;.r:.,.
<br /> .�.
<br /> � suthorized to collect and apply tbe+*+��*ance proceeds at Lender's oprioa e::.'�er to restoration or r�of the Property or to .. _ �•
<br /> the sums seeund by this Security Inshvment. " �
<br /> 6. Yreservatioa and MaE�:�Cs�nce oY Property;Le�sehotds;Condom;�i�s; � �ed Unit Developments.Borrower
<br /> ahall keep the Property in goa�repair and shall not commit nor permit waste. impa�a�t or detertoration of the Property. • • '
<br /> Borrower shall not do anything affecting the Property that is in violaflon of any law,ordinance or govemment regulation . .
<br /> applicable to a resi�tial properry,s►nd Borrower shall comply with the provislons of any lease if this Serurity lnstrument is � .
<br /> oa a leasehold. If this Securiry Insuument is on a unit in a wndominir.m or a pla�ed unit development, Bo:rower shall `°'-r'.'r."'"'""'"'
<br /> perform all of Borrower's obligatlons under the declaration or wvenants creating or goveming the condominium or plaaned •'"�"•`''�
<br /> unit development,the by-laws and regulations of the condominium or planned unit development,and consdtuent doruments. • • . �'
<br /> HEBRASI(A�EED OF TRUST�s�on Orig�na2 - Record • .
<br /> M003-3NE Pa90 3 of 7 0086320033 .
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