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Home My WebLink About1296 ~ ~ l~il~~h~i <~?\1 ~~~1~. {i~,ii~~~~ri an,l t rn.l~~ ~.~~rnan~ an~l a~irr a, t~~ll~,~~,: 1. Pu~menl ut~ Principul and Inlrre.i: I'rep:~~ment unJ (.ate ('hurke,, t3~,rn~~~rr .h,ili ~,i~~m~~il~ ~~hrn ~fu~• ;•~:~:::~~.tl t~t a~:~! ::~er~z,t enl tt~t ~lrh, «i~l;:i:z~! tl2r Nute ani.! ~in~ ~~r~~:t)~>>~nt :~n~! l;:cr ~I~:i!,~~~ ~!t~~ un~lrr tl~r 11~!~. 2. ~und, for ~fuu~ rnd ln,urunrc. tiubir~~ iu a4~~,li~:ibl~ I,?~~ ur tu ,i ~~riiicn ~~ai~~r h~ I rn~l~r, t3~~rn~~~~r .hall {,:i~ tu t~•n.lri ~~n thr ~la~ m~mthl~ ~,;i~m~nt, :tr~ c1u~ un~lcr th~ \utc. unti! thr tiutc i~ ~,ai~l in Iull, a.um ("f~un~i."1 ~yu.il t« unr-i~~cllth ~~f: 1;~) )rarl~ ta~~~, auit a,.r„ment. ~~hirh ma~ aUain ~,riurit~ u~~r thi, S~tiurit~ In,trwn~nt: lb! >rarl~ I..~.rliul~l ~,,i~n~rnt, ~~r ,~i~,uu~l r~ni. thr 1'ru~~rt~. iiam: 1~1 )rcirl~ haiarii in,ur:in~r ~~r~mium.; an~1 ~~1) ~rarl~ morttia~~~ in.uia~~~~ ~~irinium., if an~. ~h~.~ it~m, :?rr ~all<cl "~..•ru~~ it~m,." 1 encl~r ma~ ~,timate th~ f uncl. ~lu< <~n th~ ha.i, ~~1 ~urrrni ~t:it.? a~~~l r~:i.unahl~ r,timatr, ~~t futurc r.in~~~ item,. I hc f ui~~i, ,hall hr h~1~1 in an in.ticutiun th~ ~l~{x~,it, or a~~~~unt~ ul ~~hi~h arr imurcd ar ~~uarant~~c1 b~ a t~cirr~il ,,r ,tatr a~en~~ (in~lu~lin,~ Lrnucr it l rn~rr i, ,u~h an imtitutiun). l.~ncl~r ~hall a~~h th~ Fun~i~ tu ~a~ the c~:ro~~ item~. t rn~l~r ma~ nut ~hark~ t.~r i~:~lilinti an~l a~~i~in?~ the Funcl,, anal~~irg the ar~uunt ur ~eri(~ing the c,cro~~ itrm~, unl~„ I r~ulrr ~~a~, l3urru~~cr intrr~,t ~~n thr Fun~, an~! a~~rlirahlr ta~~ ~ermit, L~nder to ma{.e ~urh a ~harge. A ~har~r a,~rti,~d t,~ i rn~lrr in ~unnctiti~~n ~~ith Burru~~rr'~ ~ntrring in~u thi. S~~urit~ In.trum~nt to ra~~ th~ ~o~t uf an in~le~ndrnt t~?~ r~•~,urting .~i~icr.hall n~n b~ a ch.irgr I~~r ~~ur~u.~ti ul th~ E~rctie~ing srntence. Burro~~~r and l.en~l~r ma~ agrc.~ in ~~riting ~ thc+t inter~.t ,I~all tk {,ai~l un thc f~w~~i.. Unleti~ an agrctiment i, m;~de ur appli~ablr la~~ require~ inter~~t t.~ he ~aic1. Len ~ ~ ,hall n~~t l~ rc~~uir~Yl tu ~~i~ 131~rro~~~r am iiuerest ur rarning~ un the Funds. Lrnder tih:~ll gi~e to Burro~~rr. ~~ithuul rharg., ; an annual ac~~wntinz uf tim 1=uncl, ,ho~~ing ~rcdits and debit, tu the Funds and the pur~tie for ~~hich earh ~ebit to ~ ~hr I•uncf. ~~a• ma:i~. The Funcl. are ~lectgrei a~ additional utiurit~ lix the tium, ~~~ure~ b~ this Serurit~ Instriiment. ~ If th~ amuunt uf tiic 1=un~1, i~~w n> ~.~~~a~~, togetlier ~~ith tt~e future monthl~~ pa~~ment. of Fund~ {~a~~ahle prior t., thr ~1ue datc~ ut the ~~~ro~~ itrm~, ~hail ex~t~cd the amount reyuirecl to pa~~ the r~rro~~ item~ ~~hen due. the e~res. j ~hall b~, at k3orru~~er'~ e~r[iun, either ~rum~tl~~ rc~aid to E3orru~~er or rrt~clitecl to Borro~~er on monthl~~ pa~~ments of Fuiid,. I It thr amowu ~~1 thr Funci; h~ld b~~ Lender i~ nut suftirient to ~ay the escro~~ items ~~hen due, Borro~~~er shall ~a~~ tu ~ l.~nei~r am c?mount ne~e,.an tc~ make u~ the Jeiirienry in one or more pa~~ments as reyuired b~• l.encler. ! Upc~n ~~t~ment in lull ot all .ums sc~ure~i by this Se~urit~ Instrument, Lender shall promrtl~~ rci~und to [3orro~~er , am 1=und~ tirl~l b~ l.ender. It under paragrapli 19 the Pru~rr~~ is sold or aryuired b~~ l.ender, Lender shall ap~ly, no later than immediateh~ ~riur ro the tale uf the Properly or it~ acyuisition b~~ Lender, an~ Fundti held b~~ Lender at the I time o! a~{~lication as a rredit again~t thr sums securc~ci by this Sc~urity Instrument. 3. Application of Pa~ments. Unle,~ applirable la~c pro~ide, other~~•ise, all pa~~ments rc.~ei~ecl b~~ l.ender under ~~ar.i~raph. 1 and 2 shall be applieci: tirst, to late rharges due unJer the Note; ~erond, to prepayment rharces due under ;h~ ti~xe; third, to amounts pa~~able under par~i~raph fourth, ro interest du~; and last, to nrincipal due. Char~;es; Lifns. Borro~~er ~hall pay all ta~es, aslessmems, rharges, fines and impositions auributable to the Pra~ert~~ ~~hich ma~~ attain priorit}~ o~er this Securit~~ Instrument, and Ieasehold pa}•ments or ground rents, il~ any. Borro~~~r ,hall ~~a~ these obligations in the manner ~ro~ ided in paragraph 2, or if not paid in that manner, Borro~cer shall pa~~ them on time dirc.~-tl}• to th~ person o~~ed pa}•ment. Borro~~~er shall promptly I~urnish ro Lender all notires o~ amounts ~ [u he paid undrr this paragraph. li k3orro~+er makes these pa~~ments directl~~, Borro~~cr shall promptl~~ furnish to Lender r«ei~ts e~idenring the pa~ments. Borro~~er shall promptl~ ~1is~harge am~ li~n ~~hirh ha~ ~riorit~~ o~er this St~urit~• Instrument unless Borro~~er. (a) ~+~r~~cs in ~~riting ro the pa~~n~ent of the obligation serured b~• the lien in a manner acreptable to Lender, (b) contests in ~~cx~d faith the lien b~, or defends aeainst enforcement of the lien in, lega) pra:eedings Hhich in the Lender's opinion u~rate to pre~ent [h~ cnforcement of the lien or forfeiture of any part of the Propc:rt~~; or (c) serures f~rom the holder uf the licn an agreement satist~artor~~ to Lender subordinatine the lien to this Sccurity Instrumem. tf Lender derermines that am part ot the Property is subjc~:t to a lirn ~~hirh ma~~ attain priority o~~er [his Securit~~ Instrument, Lender ma~~ zi~e E3orro~~er a notire identit~~~ing the lien. Borro~tier shall satisf~• the lien or take one or more of the artions set forth ~ abc~~e ~+ithin 10 days of the gi~~ing of notice. 5. Hazard Insurance. f3orro~ver shall keep the impro~ements no~~~ existing or hereat~ter erected on the ProFx:rt~~ iiuured against los~ b~~ fire, hazards includ~~ci ~+ithin the term "extendecl co~•erage" and an~~ other hazards for ~~~hich Lender ~ reyuirt~ insuranre. This insurance shall be maintained in the amounts and for the periocis that Lender requires. The insurance F ~arrier pro~ iding the in,ur~nre shall be rhosen b~ Borro~~er subjert to t.ender's appro~al ~~~hirh shall not be ~nreasonabl~~ z ~+ithheld. ~ Atl insuran~e ~liries and rene~~~als shall be acceptable to Lender and ,hall include a standard mortgage clause. ~ Lender shall ha~~e the right ta hold the policies and rene~cals. (f Lender requires, Borro~ser shall promptl~• give to ~ender all rereipts of paid premiums and reneHal notices. In the e~~ent of loss, Borro~~er shall give prompt notice to the insurance .arrier and Lender. Lender ma}~ make proof of lo~s if not made promptl~~ b}~ Borro~ver. ~ Unles, Lender and Borro«er othen+ise agree in ~criting, insuranre proceeds shaH be applied to restoration or repair ~ ~~i the Propert~ damaged, if the restoration or repair is eronomicaily feasible and Lender's security~ is not lessened. If~ the rettoration or repair is not economicall}~ feasible or Lender's se.;urity w~ould be (essened, the insurance pra:eeds shall be a~plicd to the sums serured b}~ this Sc~urity Instrument, H~hether or not then duc, ~~~ith an~~ exress paid to Borro~~~er. If Borro~~er abandons the Propert~~, or does not anstier H•ithin 30 da}~s a notice from Lender that the insurance carrier ha, offered to settle a rlaim, then Le~der ma~• collert the insurance proceeds. Lender ma~~ use the proceeds to repair or ~ rc~tore the Propert~• or to pa}~ ~ums ~erured b} this Ser~irit~~ Instrwnent, ~~hethcr or not the?~ due. The 3(~da~~ peri~ ~ ~rill hegin ~+her. the notire is gi~en. ~ Unless Lender and Borro~cer othen~ise agree in ~criting, an~~ application of proceeds to principal shall not e~tend or ~wst~one the due date of the rnonthl}~ paymen!s referrecl to in paragraphs I and 2 or change the amount of the pa}~ments. ~ It under paragraph 19 the Propem~ is acyuired by Lender, Borro~~er's right to an}~ insurance policies and proceecls resulting ~ irom damage to the Propert~~ prior to.the acquisition shal! ~ass to Lender to the ettent of the sums secured b~~ :t?is Securit~~ ~ In~trument immediatel~~ prior to the arquisition. 6. Presenation and !'vlaintenance of Propert~; IR~I'fF10Id5. Borro~~er shall not dettro~, damaee or substantiall~~ ' ~hange the Propert}~, alfa~? the Propert~~ to deteriorate or commit ~~aste. If this ~cur~t~~ Imtrument is c~n a leasehold, 13orru~+cr shal! rompl~~ ~~ith the pro~isions of the lease, and if Borro«er acquirt~ fee title to the Pro~xrt}, the leasehold ~nd f~ee title shatl not merge unless t_ender agrees to the merger in tiritine. 7. Protection of Lender's RiRhts in the Property; Mortgage Insurance. if Borro~~er fails to perform the co~enant5 ~ind agreements contained in this Serurit~~ Instrument, or there is a legal ~rcxeeding that ma}~ tiignificantl~ aff~~t Lender's ri~ht~ in th~ Propert~~ (wch a~ a proceeding in bankruptc}•, p~obate, for condemnation or to enCorce la~~s ar regulations), [hen l.ender rna}~ do and pa~ for ~~hate~er is necessar~~ to protect the ~alue of the Propert~~ and Lender's rights in the ; Propert~. Lender's actions ma~~ include na~~ing am~ sums serured b~~ a lien ~~~hich has priorit~~ o~er this Security Instrument, ~ ar~xaring in court, ra~ing reasonable attorne}s' fees and entering on the Propert~ to make repairs. Afthough Lender ~ ?na~ take artion under this paragra~h 7, Lender does not ha~e ta do so. ~ ~1n~~ ariount5 di~bursed b~~ t_encler under this paragra~h ~ shall brcome additional deht ot~ Borro~~er secured b~ ~ thi~ Serurit~ Instrument. Unless ~3orro~~er and Lender aeree to other terms oi~ payment, these amounts shall bear intere,t ~ Imn! the date af di~bur~ement at the Note rate and shall he pa~abic, ~ith interest, upon notice from Lender to Borro~~er ~ reyursting pa~ment. F B001f 6~~ PAGEI~9U ~ . t' j ~ ~ F ~ .4 ~ ~~~~,~~f.~i~~~` ~ '^<.Gx.~ ~iti: 'L