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<br /> ;� TAe Eltnds shait be Qetd in an institutian w6ux deposits are i�ured by a federat agency. insaumensatity. or entity � .
<br /> (inchtding t,eader.if lender is sacti an i�timtionl or in any Federat Home Loan B:uilc. Lead�r sGall apPty the Funds to pay the ``
<br /> '::;``%:s'�- .';�. Escraw[tems. Lemier may nnt a�harge Bo�rower for holding and aaPf�ring the Fuuds.aru�wr�i�r amiYziaB the escsow accoune.or ;,'':Y
<br /> :.,.;.....:::.G.
<br /> °:� " :: ,.°�,r verifying tlie Escrow Items.unless Le�eE pays�orrow•er interest on the Ftdnds aad a� ticubte Faw pe�miu Lender ta m�eke such �
<br /> ,;:-r=°�^�' a char�.Hmveve�.I.ender�tay reqtut�8o�s ia pay a one-Ssrce chasge fos sut ia�pen�nt se:eE�taac reptirting service �`-
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<br /> ,':;� :: '.:.• :; used b p Lendcr u►mnnection with tbis toan, unieas applicabte law pnovIdes otherwis�. Untess an agmecRent is rtmde or `.
<br /> , , •h: appti c a ble law requires interest to be paid.Lender s�a t i not be requ i c e d to pay 8orrower any i n teres t or qmings on t h e Funds.
<br /> .,.°„:;;�;.,;,:..
<br />,_ � +r Borrower asia LeRder may a�ee in wriWtig.however,tlust interest sha116e paid on t6e Fued�.i.cader sha11 gi�e to Hc�srower.
<br /> .y'x�•°'x;';`�'�^ without charge.an annt�al aornunting of the Funds,s.hawing ctedits at�debits to the Fuxts amd the gurpose for wbic�each
<br />. , �,�?��'.,.;;
<br /> .:<_�?;.:,:a• debit to the Eu�s was made.TAe Funds sue pleSged as additioaal seariry for atl sums secured Dy this Secunty Insuumem.
<br /> ' _�:'---'':-•:-�_ ii the�unds Mtd bg L,ender exceed du aatounts pecmitted w Qe hetd bY�PPli�tble law.[.ender shalt account ta Boiro��er
<br /> 1�:��� for the excess Funds in�,brdance with the requiiemenu of applicable law.lf the amount of the Func[s held by Lendea at an�r �
<br /> . -`�-�^°'�r- '. time is noi ss�fficieut to pay the Fsziuu Items when due.Lender tc�a�C so notify Borrower in writing,and,in such case Borrow-eT
<br /> " ,,�:':z:`.:z, to make u the defici •.Borcowee s6a11 make u tha defuiency in ao more than �<-a ,
<br /> '.._._� shall pag w l�nder the amount ntc'essaTY P �? P
<br /> , _� " , 9;. cwetYe�o�ut,►y pay�u.at Lender s sote discretion.
<br /> .:....;r• Upon�yment in fWl of atl s�u secured by this Security Insviunen� Ixndef shail pmmpUy refund to Boiroveer any
<br /> _ • °`;;`;.:�:�,�`: Funds heid by l.eader.If,aader paTagraph 21.Lender shall acquiTe or sell the Property.l.eader,prior to[he acquisition or sale '� :
<br /> �' of the Praperty.shall apply any Funds held by l.ender at the time of acquisidon or sate as a ccedit agains�t�e•s�ims soeured by
<br /> L..'�.
<br /> « .` this Secutity lasuument. �-
<br /> � �. �` 3.AppHeation of PaFm�ts.Uniess applicable law provides othenvise.all pay�rteat�re,ceived by l�nder under paYagra�hs �F�.:
<br /> t.._,.�.;�;: 1 and 2 sda11 be applied:first.ta any prepaycrnent ci�arges due under the Nore:seooad,nn amow�ts payaBte under paragrdph 2: �_=
<br /> ° thiid.to ituerest d�e:faw4it.7o priacipaE due:a�(ast,to any tate charges due under tfie Note. _-�-
<br /> ` �r A.Cha:ges;�,teas.Hormwer shatl pay all caxes.asse�nents.charges.6ues aact imgositio�at�fbutabie to t6e�Pcapatp � r .
<br /> . _ � �:f.;' wiucfi may auain pcion aver this Security Insteumeat,auct Eeasehuld paymenLs or�rauad renis. if any.Bntmsver atl pay
<br /> ,��: " r� �%� t i�e o 8 2 i g a t i o a s u i d t e'�P F a�r i d e d i n P a e a g r a g i r 2,o r i f S o t Q a i d i a t 6 a t m a n n er.Bor►aarer shaif p a y ttrem oa vine di�.ctt�r �h =.
<br /> , Y co tha_�n owad payrnent. Boerawer shall pia�dy fwnisb.co[ender all noti�es of mstauats to 6e paid under t6is patagraph. �x L_
<br /> �` ` . if Hormwet makes ti��iaymsnts d'irectiy,Hnrc+awet sdall promQdy fiimish to Leuder reoeipts evid�ucing the payu�nYS:. . . �
<br /> �i � �� i ' S o m o w e�s h a ll p�s:;�l y d i s c i�r g e a n y l i e a a r h i r h h a s p r i o n ry o v e r t h i s S a c u ri ty t , �•*, t unt�ss IIemower:(a)a g i�e a�n �'`,
<br />_ - .-;•..�,:::��; ---
<br /> . � vfrri6ng to the paym�'�y�e obligazion secu�ed�ti�„�ien in a manner ac�oeptabte to Lender:N)oont�fi�gaod faith the[ien -..,_
<br /> : . .,,,.,
<br /> ��• �� ��or defends ag�.c�broement of the&er� %���n.�al PTOCeedin&s whicb in the i.eader's opinion��erate to p�+evens�the � �', ;:
<br /> . �i �� � •.� e�a�s of the t��,or(c)se�ues fiqm th��i.6��of the.liea.an agteement satisfactory tq Lender subordinanng�t,t�a to �
<br /> .� � .... �'�Fiis 5te�oa��a:Inst�aent'If Lendea��xmines tha't��?Y Part of"dic Praperty is subject w a i,�wt�icti may attain p�s.ever g
<br /> {r� .� ti�is�+�n3y;Inshqment,'Lendsr cr�y�'`e Sorrow:r a notioe ad�+ing the lien.Bomawer s�r�!satisfy the lien oc ta��fse or --_
<br /> ,:: mote og�t�actions s�'�aFdi a6ove e�u 10 day,s cr£t5e giving oP natiee. �.,, ,-: , _
<br /> ,. .S..HaT�rd or.�'xhr,��ty Ia4usar�t�• �,�+ce:shall keep the impratements now eaisting or he�eafter e�xed on the �,.
<br /> � �P�Y��againsC loss by fire.hardrds��l withia the term'"e�coverage"aad aay otker harands.i�ding �_
<br /> :'�.::�;�:t'f,,y,�: ttoods q�r�r�odi�g,for which Len�er � �s ii��c�e.'fhis ias�nce shali'�e maintained in the amouats and for t9�p�tiads � __
<br /> •�'�•t'��%;::,. rn„ � that i�pc�r�requires.The insuran�• ' w��r providing the insura�rs,e shaU be chosen by Borrower su b ject to Lendee-'x.a�vsl —_
<br /> -. .. `, ,'.,_ ahic��•uot be unreasonably�vnd�•:d. If Borrower fa�7s w maimain ooverage descrc�sed.above, Leader m,ag.at,��r's �
<br /> -y. .:� �`'i ,-.:. • , .
<br /> , : ,� 4P�A:�covetage to protect L�c7er`s rights in the Property in accordauce with paragra�li 7. ' • ..
<br /> - � s-0 :. . . .,q,,�msuiance policies and renecrals sbail,�e acceptable to l.ender and stiall iaelude�stanQard urortg�ge c1�.��der;� `
<br /> j , , : .
<br /> ,' ,�� � : r �`��:�,.�.t the right to hold We�olicies�ad�sQ'�;�if Lender requires.Botrower shall prae�x��e:�k*i(rsder'&t����af',� J`�,
<br /> },f, ' �pa's�,�iac�iivaus and renewal nonces.�sr,�et�.'Nr I��ss,Bomower shall grve prompt noace�,i t�re��f�;rsie��31.Rr�t ,, ;
<br /> � l� � ,,, '����� I.etr;+'�.i�y,m2ke p�pof of loss if�id�i`�e���1�'i�$y Bo1F�A�s. •:. : ':.�;• �;�l.>;�''' `� � as t=-
<br /> ;; ,; L�n]e.4s Lende�r and Bomnwer o�`r�:�a��.�z��uw+riting,insurance pmceeds s6all 6e a�e3 io resiqiat�on or��d'��;:, � _---
<br /> . , ' pmperty damaged.if the reatoration ast�rw=c� ,v�7:tamicaUy feasibfeaad Lender's secudey is�aot tesseaed.Sthe tesi�r�itr� :�' ��:�.
<br /> � r ;;,- .,� repais is aot eooaomically feasible or I.eAdCt`ss��rAUi�.�would be tessened.the in5utance pmceals shall be appltod.W.tbi�� � , t W
<br /> ; 'r,t4i, secaired by[t4is Security lnsttumem.wh�t6ga,.?�xx;��s then due.with any excess paid to Borrower. If Borrower abant�,�t3�.�, ,
<br /> ••..•�, •,•:K��r PcoPerty.or does not answer withi���ays'a Erotice from l.ender that the in5urance carrier l�as offered to settte a olaim;.�ii•�• t ;,
<br /> ..� r.,r,�.r Lender may ooltect the insuianre�ra���sis. I.emter may use the pt+oceeds to �epair or restore the Prope�ty or to.pa}r_S{un9 :' , .:• :
<br /> ,: `;,; .�...;:�� secured by this Security Instrument.:�'�tet or not then due:The 30-day period will begin when the notice is g�ven. �`:; -
<br /> :, .,;.,,;,.,,, ..
<br /> ;�.�_., . ..
<br /> ., ,��� , Untess I.ender and Batrower oWe'rwise��:e,e in writing. anY aPPlic�tion of pmceeds to principal shafl not e�are�or'� �;.�r;,:
<br />'�,��.�. �,rt::.��:ti,`� . .
<br /> ••��t'"'.�.,� , t.
<br /> ' �r • � postpone the due date of the montiily payme.�.re.erred to in paragtaphs 1 and 2 or change the amount of the payments. If .. •::�:%-�t;
<br /> ` under paragrapb 21 the Property is acquir�d b�i�,Bortower's nght to any insurance policies and proceeda resulting from �;•.';_::�.''
<br /> � ��.,�.y�� damage w the Property prior w the acqu�aon sb��ass to[.ender w the extens of the sums secured by th9s Security Inswment � __
<br /> . immediatety prior to the acqoisition.
<br /> .°•`:: 6.Oe�apaacy,Preseivatioa,Malntenance and Protecbton of the Property:Bormcve�'s Loun Appllcatton,l.easehalds. —
<br /> � � c�ca
<br /> � � rr .:;< Borrower sha�l!oacupy.establish.and use the Propeny as Borrower's priasipal residence within siuty days after the execudon of �
<br /> �'� ''���� this Security Instrument and shaU continue to occupy the Property as Borrower's pr�ncipal msideace for ai least one year after
<br /> the date of occupaacy,unless l.endes otAerwise agrees in wridng.afiich aoasent shall not be unreasonably withhetd,or wotess .
<br /> .;:,.,=;i.;;•;;�.�::��,:-:� extenuating citcumstances e�tist which are belond Boirower's coatrof. Borrawer shall not destroy, damag,e or impair We __.
<br /> �� ,_rht,,��+r;;,; ,; .; . ProQeny,altow the Property to deteriorate.or commit waste on the Property. Borrower shall be in defauit if any.fnrfeiture
<br /> ... ti,� �:� action or proceeding.w�ether civil or crlminal.is begun that in l.ender's goud faith judgment could rrsult in forfeEsure of the __
<br /> � ^ 1 Properiy or otherwlse materiaily impair the Iten cseated by this 5ecurity Instrument or Lender's secvrity interen.Borrowor may ---
<br /> '"'`l ��" '' a�re such a default und reinstate.as provided ia�agraph l8.by causing the action or proceeding to b�;dismissed with a ruling• ., —_�-
<br /> that. in l,ender's gaad faith detemilnation, pr�a£wrles forfEiture of the Borrowei s interest in the Pra�eccy or other material , �.._„
<br /> , . ' �:,��•� impairment of the Ilen created by this Secnrity�Crstrument ur Lender's security interes� Borrower shall also be in default if .��•.,��.._
<br /> •� ;` Borrower.during the loan application proeess.gave materially false or inaocurate�nfom�ation or statemerrrs to Lender(or failed _:___._
<br /> • . ,,; 'r'-'r=
<br /> •. .j, to provide Lender with any material infomiation)in oonnection with the toan evidenoed by the Note.including,but not limited � ,,,.,...
<br /> ; ::,;; to.represemations oonceming Borrower's oocupancy of the Pmperty as a princtpal restdence.If this Security I�tnuneat is on a .. , ,:''"`�'
<br /> *.�.':
<br /> � ." " leasehold. Bormwer ahall oomply with all t� pmvisions of the tease. If Borrower acqulres fee titte to the Property. the' �;;,.:;};,s�'_
<br /> ����'+ • leasehold and the fee ti�i�shall not mer�e unless i.ender ap�ees to the merger im�s+riting. � +�;� . ,,�h.
<br /> :. ��, 7.Prutectton oBTL�der's LBfgrits in t6e PrqFRrh'.lf Borrower fails w pesf'orm tdee wvemnts and�r,reoements contalned'ui : ' :� 'I�;i�,
<br /> � �� ° f�'',j�� ' this gecvri Insriumei�a.ar ther�,is.n�•[ moe�din that tua signifirand af�'ect Let�d��'s ri ts in the Pro (xiirhh as a . - :-
<br /> , ��, t�r,}; �r, ty �p g y Y 8�► D��' hf,:
<br /> [ ,,>� �•�y,•; � pma;edi�rg�n banlvu�Ry,proba�tt; fnr condemnation ar forEralutt�or to enfo�e•laws or ri:}�uiations).then Lendea.•�ryr do and •. �
<br /> t;.. l�r�Y'�.�?��.��s4sJ � �ay far whatever is creaessary to'pi'vWct the vaiae of the Prc�j�eity and Lender's ri�hts ifi ttte Progerry. Leader's etsttons may ` . ..
<br />": `'��`�:' t. ; �nclude paying aay sums secw+ed by a lien wluch has pnority over ehis Secnrity Instrument. �eanng,in court. paYing �� "j�:"'
<br /> �; ,_,.ti" :;�i�.41�� . �ys' Gpes attd enterin p repairs. 1�[Ithou y P��A u�`::
<br /> �,;,�,;� ,;�,;. reasonable atta g on t(te Fro erty to make gh Lender ma take ackon under this h ,.�
<br /> ;;: `� �,'r; �•` 7.1 ender does mu Nave to do so. �}r`,
<br /> 'T`,��� :�,i: Any amounts disbursed by Leader under this paragraph'7 shall beoome addidonal debt of Borrower secured by this '
<br /> ':,;;,�y...�'�;",,•:'�t:.,i; Security instniment. Untess Borrower and I.ender a�ce to other temtg of payment.these amounts shall beas interest fcom tlte ��'
<br /> ,., .;:� .�•��.� ;' date of disbwsoment at the Note rate and si�aU be payable. with Inierest,upon notice from Lender ta Borrower rcqw�ttng �;:
<br />__ ��:G;� Paymem.
<br /> '�<:;;.
<br /> �� .�;, � ;:`, S.l�ia�igage TasuraIIce.If Lendcr required mort�e ituutance as a condition of mak�ng the luun securcd.by tl�is Serudty .
<br /> •,i'., i,':.;:,,.
<br /> .'��+�`;;,�:,:�i' `:�c. Instnunen� Bomower shall pay the ptemiums required W maintain the mortgage insurance in effect. if, for nny� mason. the
<br /> il�:_...:�\�..,.��:A:�'.i�� .
<br /> •�i�'''�•' � mortgage insurance coverage required by Lender lapses or oeases to be.in effect.Borrower shall pay the premiums required w .
<br /> '."•�� , .��"I�`'�+'=��,�,`� •obtain oovera e substantiall ivalent to the mort insurance previousi �n effect.at a mst substanhnll �vateat to the
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<br /> 8 Y�� BaSe Y � 9�N .
<br />_ ; ;�;�r.�,�,:;,;:,,.,• • oost to Borrower of the mangage insuranoe previously in effect. from an altemate mortgage insurer approved by l.cnder. If
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<br /> . ra�,z oti• Fasm 3tl2B 41�°Q
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