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<br /> 2, f�unds for Taxes and Insuranco. All roal o:.ta3o taxe:� and insuranco shall be paid by
<br /> Borrower whon due.
<br /> 3, Charges;Lians. �orrower shall paY eil texe9,asse:�menis, charg6s,fines, and impositions
<br /> � attritzutsh!o tv tha Pro�o►ty which may attain priority over thl�Security Instrumont and loasohold payments
<br /> '� � or ground rnnts,if eny. Borrower shall poy these obl3pations fn the manner provid�d in ppragraph 2,or i4
<br /> not pald in that manntfr,Borrower shall poq them on time dlrecTly to tha person owed payment. Borrower
<br /> '��'�.,, thesa paym�entsrd iectly, Bo rowo shall p�mptly furnish to Lenderr ce'Ipts ov dencinp herpayments.e� .
<br /> Borrower shall promptly discharge any IiAn v�hich has priority over this 5ecuri4y Instrument
<br /> . (excluding any first deed of trust)unless Borrower: (u1 agrees ln writing to 4he payment af tho obligation
<br /> secured by the tien in a manner acaeptable ta L9ndor; Ibl conteatn in good faith the lien by, or def�end ��;.::_.
<br /> against enforesment of tho lien in,legal proceedings which in the l.ender's opinion operate to provent the
<br /> enforc�rnent of ttxi lion or forfeiture of any part of the Property;or(c)secures from the holder of the lion �-
<br /> an agreement satlsfactu�y to Lender subordinating She lien to this Security I�trument. If Lender -�`;
<br /> dete►mines that any part o!the Property is subject to a lien which may attain priority over this Scscurity ;.:�_`_
<br /> � " ° Instrument,Len�dcr may give Borrower a notice tdontifyinp the lien. Bnrrower sPoall satisfy the liQn or taka fT.`
<br /> f ane or more of tho actions sot farth a�ovo within ten(10)days of tha giving of notica. ,+�r;;�,
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<br /> 4. Hazard Insurance. Borrowdr shall keep tha improvamants now axisting or hereafter erected �;_�
<br /> �� on the PropertY iruured against loss Fxy firo,hazards inck�ded within tho term "extended coverage"and any -_
<br /> ' � other hazards for whlch Lender requi�as insurance. This insurence shall be maintained in the amounts and _ _-
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<br /> for the peelods that Lertder requires. The insurance carrier providing the insurance shall be chosen by
<br /> Borrower subjact to Lendar's appraval which shal l not be unreasona b ly w i t h h e l d. r .•
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<br /> All insurance policies and ronewats shall be acceptable to Lender and shall includo a standard C:.�'°"
<br /> • mortgage clauso. Ler�dar shall havo the right to hold the policies and renewals. If Lander requires, w�
<br /> °�� Borrower shall promptty give to Lendor all recefpts of pafd premiurt►s end renawal notices. In the event of __
<br /> �. IOSS,Borrower sha11�ive prompt rwtice to the insu�nce camar niRi�v�Ne�. :-oi'�:,i T:{Sl:M��g!^^¢^f Incg =-
<br /> if not made promptly by Borrower.
<br /> Unless Lender and Borrawer otherwise agree in writirx�, insurance qrocesds shall be applied to
<br />�' ' . restoration ar repair of the Proporty damaged, if the restoration or repair is economically feasible and
<br /> • ' Lendor's security is not lessene,�1• If the restoration or repair is not economically foasi'�la or Lander's
<br /> `�� - s�curity would be�essened,the insurance proceeds shall be applied to the sums socured by this Security
<br /> • Irtstrument, whether nr not then due, with any excess paid to Borrower. If Borrower abandons the
<br /> � Property,or does not answer viithin thirty (301 days a notice from Lender that the insurance carriar has
<br /> �� offered to settle a claim,than Lender may collect the insurance procoeds. Lender may use d�e proceeds �
<br /> ' '� to�epair or restore the Proparty or to pay sums securad by this Security Instrument,whe4y`�er or not then
<br /> -._'�"-""`r.��� due. The thirty(30)day period will begin when tho notice is given.
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<br />--=��;��;,;}�� Unless Lender and Elorrower otherwise ayroe in writing, any appllcation of proceeds to principal
<br /> ';_:?-:� :°:s,;: shall not extend or postpone the duo date of the peyment rsferred to in paragraphs 1 and 2 or change tt�e _
<br /> ,`• � amount of tha payment. If under paragraQh 17 the Property is acqulred by Lender,Borrower's right to any
<br />- �, •� tnsuranae policies and proceerls resui4ing from damage to the Prvperty prior to the acquisition shall pass �
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<br /> ,_ ;�;�,•,�; to Lender to the extent of the sums secured by this Security Instrument imrnediatety prior to the _
<br /> '=•_m.ti:<a.•, ,_ acquisition.
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<br /> ,�;�;r ,.T. 6. Preservation and Maintenance of Property;Leaseholds. Borrower siwll nmt clostroy,damage _
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<br /> ,�.,,. .w. or substantially change the Property,altow the Property to de4�riorate or commit was�e. lf this Security _
<br /> `" Insuument is on a leasehald, Barrower shall aomply with the Pravisions of the lease, and if i3orrower _
<br /> = "� n�' acquires fee title to the Property,the loasehuld And feo title shall not merge u�less Ler�der agrees to the
<br /> " � ' merger in writing. -___
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<br /> ' ' �; 6. Protttction of Lendor's Rights in the Property; Mort�age Insurance. I�f Barrowor fails to �-
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<br /> - ,. � perfortn the covenants and agreements contained in this Security Instruanent,or thtsre is a legal proceoding �..�
<br /> that may�ignificantly af�ect Lendor's rights in the I'roperty (such as a proceeding in bankruptcy,probate,
<br /> ' � for condemnation or to mmiorce laws or regulationsl,thon Lendor may do and pay for whatevor is necessary _
<br />- Y to protect the value of the Property and Lender's rights in 3he Property. Lender's actions may inctude
<br /> _ paying any sums secured by a Ilen�vNich has priority over this Security Instrument, ap��aring in court,
<br /> � � . paying roasonable at4ornoys'foos and errterin�are tne PropertY to mnkc+ ropairs. Although Lender may take
<br /> �'• action under this parac�raph 6, Lendor doos not 9�ave to do so.
<br /> Any amoun�disbursed by Lender under this paregraph 6 shall becomd additional debt of eorrower .
<br /> sacured by this Security Instrumerrt. Unless Bonnwer and Lender agrees to other terms of payment,thesa
<br /> amounts shall bear intorost from the date of disbursement at the Note rate and shall bo payable, with
<br /> - interest,upon notice from Lender to Borrowor requesting payment.
<br /> - . It Londor roquirad mortgage insurance as a condition of making Rho Ioan secured by this Socurity
<br /> tnstrumont,Borro�vor shall pay tho promiums raquirad to maintain the insurance in effeat until such times
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