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<br /> The i'u�x1� �hull (�chcld in an ins�iw�lon whi�sc dep��+itx urc intiured by u fcdcral •.i}j:nc�Tristruni����t5?r5���Y
<br /> li�xludiu�I.�nder, if I.cndcr iy such i�n invtitutionl or in nny Fedcrnl Honx 4.��an liank. Lcndcr xhull apply thc Funds��puy thc
<br /> fivcruw I�ems, I.�ndcr niay n��1 churgc HNirr�+wcr F�ir hnldfng und npplying thc Funds.�uu►tuilty taitdyzing Ihc escrow accounl,nr
<br /> ���rlfyinµthc I:scri�w ItcmS, unlc�s Ixixlcr puy.r•Fiarruwcr intcrc�t on thc I�undy und upplir.�hlc luw permitti l.�ndcr to makc such
<br /> u chargr. Nuw•ever.l.c�idcr t�uy rc uirc iiorri�wer l��piry :��,��e-tlmc churgc fnr iin indcpcndcnt rcal chtutc taix reporting scrvicc
<br /> u�Q hy Lcixlrr iii «��ux<<i��i� �'���� this luun, uielcsti iippllcublc luw prnvidcs u�hcrwi,c. Unletis nn .ibrccmcnt is m�idc ar
<br /> u�+pllc��tila luw rc��ulres iNCrc+l w he puid, L.endcr yhull nut hc requirMl to pay Na�ri�wcr any int�rest ar carnin�;s on thc Funds.
<br /> Fi�irn►wor uiKl l.cixler nuy u�}rcc in writing, huwevcr, thut interest +hall tx: p;�id on thc f�unds. l.cndcr shall give to Rormwcr.
<br /> w�Uhnut churgc, un ann�►al uccnunting of Ihc 1'undw, �how�ing crMiits und c�ebits to thc Pwid,und thc pur�x�sc for which cuch
<br /> �lebit tu tl►v I��nxl� uas���utc.'Phc t�tutds aYe plr,dycd ii�ndditionid s�curity fur all tiums sccui'cd by tP�is SccurUy Instrumcnt.
<br /> Ct thc 1'uixls hcld by l,r.�xlrr excce�l!h�unxnmtx pennittcd to bc hcld by upplicuhlc luw, l�:ndcr+hull+�ccoum tu D��n•o�ti�cr
<br /> I�.�r lhe exccss I�u�xls in utt��rdwncc with tl►a rcqulrcmcnty uf upplicablc Inw. IP tlic umuunt of Ihc Fuixls hcld by L.cndcr nt uny
<br /> tinx is niit suffici�nl►a pay the Escmw ltems when due.I.ender muy+o nntify Darrawer in writing. uud, in+uch cu�e F��rrower
<br /> tiha11 p�ry lo l.ender the amc�unt neeesFUry tc►mukc up the deficieney. BorruH�er shall muke up the defiricncY �n n�� more than
<br /> ewclvc numthly paymcnts,iu I.cndr.r'r:.olc dlscretiou.
<br /> U�n p�rymenl in (uU of iill sums secured by this SecuritY Instrument, Lender shnU promptly refund ta Borrawer uny
<br /> �unds held by I.cndcr. If,under parngraph 21, �-��cr�hull ncq�nre or sell thc Pro}x:rty,l.cndcr, priur tu the acquisition or cale
<br /> of the Property, shull+ipply any Fuixls held by Lendcr ut the time of ncquisit(on o►'side�►ti u crcdit ag+iins�the sums sccureci t�y
<br /> thinSccuriry Inslrument.
<br /> 3.Appltewt[�n nf Paymeuts.Unless o�pplicuble Inw provides otherwlse,nll payments received by l.ender under purttgr�p s
<br /> 1 nnd 2•shiQl bc upplicd;first,tu uny prcpaymcnt chnrges duc unJer the Note: sccond, to amounts payublc undcr parngruph 2; _
<br /> third, to interast duc;founh.to pnncipal due;and last,to uny lute churge.�lue under the Note.
<br /> A.ChArg�s: l.leny,Dormwer shall puy all tnxes,ussessmcntE,charges, fines and im�sitions nttributnblc ro the Property
<br /> which muy �ttain prioriry over th{s Sccurity lnstrument, and Icasehold puymentti c,r ground rents. if:tny. Horrowcr shall pay
<br /> �hese obligaiiom in�hc nuv��ier providcd in pucag�aph 2,or if�iot �aid in that manner, Oc�rrower,hull p�ry them on timc directly
<br /> to thc person ox�ed payn�enx.Borrow'er shall prompNy furnish to Lcnder ull notices of amounts to be puid undcr►his part�graph.
<br /> �f&�rrow•ec mal�es these p��rments dinectly,Borrower shall prumptly furnish ro I.ender rereipts evidencing the payments.
<br /> Prurower�hall pr<�mptl}�discharge any lien which has priority over this Security Ins�ru►jient unless Bormwer. (n)agrces in
<br /> writing to the payment of dse obligation secured by the lien iu u manne�r acc�ptable to Lender;(bl cuntcc�ts iu guuJ faith thc licn
<br /> by, or defends a�ainst enforcemcnt of the 4iem in, legatil pr�uee�liags �vhich in thc Lendcr's apinian operate to prevent tl�e
<br /> enfc�a��ement af the lien;or (c)secures from th:hpldur of the]ien an n�reement satisf;ictary to Lumler subordinatlnG the lien�to
<br /> tlhis`�ecuriry instrumcnt.If Lendcr dctermincs that any•pun o4't3��Pro�ert� is�utliect tn u lien which rr►ay au.1�n pri�dty u�c1
<br /> this�curiry Inst�un�ent,Lender tnay give Borrower a n��tice ie�enaifv�a��ih:lien. &��r.�wcr shall sahsfy thc lien ar u�Ca�ne or
<br /> rnun:of the actians set farth ahove within 10 daYs of the gi'ving oi'nhtlwe.
<br /> 5. Hazard or Property lnsurAnce. &�cr�wer shall keep ttii: ic�prnvements now existing ur hercafter eIIectc�l oxi the
<br /> �'roperty insurcd againstloss by firc, hazards in�ludc�d within the tens "irtended covcrase" and any uther ha�aXds,•includb)�k
<br /> #ionc�s or fluoding,for which Lender rcquirec iasurnn�c�_�,�a nr nc•e shall h�allc oscn�b3't&roweresuE'.;cc�tt�1-�°ric r�h A pro ul
<br /> ,xt�nt `i.rndcr requir�h. i�K ..4voa,�.,. .a�:��. ;.:;:�•:�: o ti a-'-
<br /> �vhich shall not be unreasooah'Iv,• ��ilhhelsl. If���rroW�er �i�ila to maintain coverage Eiescri���i nbc�ve. t.crnder naa}, ��i i.ciw�� �
<br /> • �pti,�n,pbtain cc�vcragc to prnY:;c:�.�ndev'a ri^ht:in d�e�c�peny in accordance with�.�rt��ra:ph 7.
<br /> :1p➢ in5ura4ac�e policies and renewuls sh:ill be ucceptable to L.eneier and shull include a stand�rcl mortgnge clause. [.ender
<br /> shal& t�a�e thc ri��:�t to hold the policies und rencwals. If l.ender requires,Borrowcr shall promptly give to Lender all receipts of
<br /> pnic� premiums ured renewal notices. In tt�c event oP I055, Borrower shuU give pmmpt notice to the insurance carrier and l.encler.
<br /> I.cnder mny make pmof of loss if not made promptty by Burrowcr.
<br /> Unless Lender and Bcirrower othenvise agree�n wruing, insurunce proceeds shall[x applied co restoration or repair of the
<br /> Property danwgod,if thc restorntion or rc�air is cconomically fcusiblc m�d l.cixler'.sc�:urity i,nut le+�i�1•lf U�C r�.���ration or
<br /> �epa�r is nnt economically feasiblc or Lcnder's sccuri[y would tx: Iessened. the intiuruncc praceds shsll be applied to the�ums
<br /> secured by this Security I��strument, whether or not then du�:, wilh any excess pa�d w Borruwer, lf&►rrower abandons the
<br /> Pruperty.or does not answer within 30 days u noticc from Leixier that the in�urance carrie�has offcrcd to x:ttic a claim,then
<br /> Lender may collect tix insurnnca pra:eeds. I.endcr may use the proceais ro repair or restore the Pruperty or ta pay sums
<br /> secured by this Security fnstrument, whether or not then due.The 30•day pericxl will t►egin when the ndice is grvtn.
<br /> Unless l.erxier and Aorrower otherwise agree in writing, any npplication of prnceeds to principal shall not e'x�tand i f
<br /> postpone thu duc datc of the monthly pxymcnts referred to in paragruphs I aixi 2 ur chunge the amount of the pay
<br /> undcr pamgrap h 2 1 t hc Propc r ty i s a c q u i r a f b y L.e n d cr, Borrowcr's ri ght to uny insurancc policics und proccccls rcsulung fmm
<br /> damagc to thc Property prior to the acquisition shadl pass to Lendcr to the extcnt of the sunLS securod by this Security Insttumen t
<br /> imnncdiutcly priorto ctioacquisitian.
<br /> 6.Occupnnc>'�Preservallon,MAtntenance and Prottctlon of thc Property; Borrow'er's La►n Applkxtlon;I.eASCholds.
<br /> Barrower shal��xrupy,establish,and use the Property�s Hormwcr's principal residcnce witf►in sixty days aRer thc exc;cution of
<br /> this Security Instrument and shall continue to occupy the P��uperty us Borrower's principal residence Cor at Icase one Year ufte�
<br /> the date of occupancy.untcss [.ender otherwise agrees in writing,which cunsent shall not be unreasonably withheld, or unless
<br /> eztenuating circumstances exist whirh are beyond Bonower's control. E3�rrower shall rwt destroy, damage ur impair ttk
<br /> E'roperty, ullow thc Propeny to dctcrioratc, or commit wastc on the Property. Borxowcr shall bc in default if any forfeuure
<br /> �tion or procecding, whether civil ar criminal, is begun that in Lencier's goal faith judgnxnt could resuh in forfeiture of tho
<br /> Property ur otherwise materially impair the lien crcxted by this 5ecurity Inswment or Lender's security interest. Borrower miry
<br /> cure such a dcfault and reinstatc,as providcd in paragrsph �8•by causing tlic action or procc�ding to bc dismisscd with a ruling
<br /> that, in Lender's good faith detcrrnination, precludes forFciturc of the Borrowcr's interest in thc Property or othcr msterial
<br /> impairmcnt of tho lien crcatod by this Security Instrument or Lender's se.curity incerest, Borrower shall plso be in default if
<br /> Hormwer,during the loan�ppiication process,ga��e materially fulse or inaccurate infom�ation or statements to l.ender(or failed
<br /> tn provide Lencler with�u�y m:tteriul informatiun)in conncction with the loan evideni:ed by the Note, including,but not limited
<br /> to. representalions concrrning Borcower's occupancy of the Propeny :u a principal residenee. lf this Security Instrument is on a
<br /> leaschold, Botrow•er shall mmply with all the pr�v�sions of the Iwse. If Borrowcr acyui�cs fce titic to thc Property, the
<br /> Iwschold and thc(ce title sfiall not mergc unless L..crxler agrecs to the mcrgcr in writing.
<br /> 7.Protection of Lendtr's Rtghts in the Prope�ty.If 13orrower fails to perform the covena�ts arxl agrecments c��ntained in
<br /> this Security In�trumcnt, or there is a Iegal prcxeeding that maY significantly affcet l.encier's rights in the Propeny (sucl�as•r
<br /> proceeding in b:mkruptcy,probate, for condemnution or forfeiture or to enfurce laws or n:gulatiuns), then LenJer may do aixl
<br /> �ay for whatever is necessary to protect the value of the Prop�:rty at�d l.e►xler's rights in the Property.`n�'�court�n a�y
<br /> mc:lude paying any sums sa:unxi by a liLn o hich has pn�nty�i�,.r AI hoSuihrtLendertm,y t ke,x on under tl�is para};�ph
<br /> fCilS0I13bIC 8ttOi7Kys Icca nini cuici m�,.,.�.,.......Y...y ..`..°—=- . - -
<br /> T. Lcnck�dces not ha�e to do so.
<br /> Any :um�unts disbur�xi by Lender under this �ara�graph 7 shall becotnc udditional debt of Bottowcr securcd by this
<br /> date of disbursement at�thc Note rate �nd hnadll be paynblc thv ih nte estPaupnn�not ce fro n Lc idcr Ito Burrowcrsr qucsting
<br /> paymcnt.
<br /> 8.MoKgage Inwr�nte. 1f[.t►�f��ra9uimi nwrtgage iusu�.mc�'-zs a rnnd►tion of making the luan secured by this S�.-u��ty
<br /> Instniment, Borrower sltull pay the premiums requin*�i tu ncdnud�z the mort�age insur�►nce �n effect. If, for rny re:RSOn, the
<br /> mungi�ge insurance a;o���r;�e r��quircd by Leixier l;yss�s ur cca5rs to be in�:ti'ect, l3orrowcr shallµ►y�he p�iuiunu n�uired�,o
<br /> obtain cuver,►ge substantY:illy equivalent to the mortbr�gc insursrne previou�ty in ellict, at a cost substanti:�f)' equi�.►tuu tu��e
<br /> cost to Borrower of ihc nwrtgage insurance pmviously in effcct, from :ui alte►��ate mortgage insurcr appnovui bY Le»der. H`
<br /> form 3028 9/80
<br /> Pbyo 2 0l♦
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