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<br /> Tha Fundr, �hull be hcld In un institution whosc dep��sits arc incured by u fedcrai ngency, mstcumcmaiicy, .rr cu:���
<br /> linr.luding l.cudur,if l.cndcr is tiuch w�institution)o� in uny Fcdcrul Homc Luan Bank. l.c�xicr�hnll npply thc Fuods to Fay thc
<br /> F�cru+�� Ucros. Lendcr mny nnt chargc Dorruwer for ht�lding nnd iipplyinb thc i'wiJs,nnnu:�lly analyiing the escrow uccouut, or �
<br /> vorifying th��Fr.crow Itcros. unle+s l.c:nder p�ys Burrmver intcretit on the Funds mid applicabl�Inw pennits Lender to malce such
<br /> a�chiirgu, Ha����;ver. Lcnder may rec�uir�e Borrower tc� p�y �i one-time ch;irge tiir nn inJLpendrist rcal estute tax re�wrlinb ,ervice
<br /> u�i:d by� Lciidur in ram�eciion with this loan. unless applicable law ptovides utherwi�e. Unless ,�n sigreement is maJe or
<br /> •qsplizat�la Isn�� rcquireti int�i•cst t��br paid. Lender shall not hc rcquircd to pay [lorrower any intcrest c,r carnings un thc Funds.
<br /> l3r.irrn;vcr u�id .Lcnder nr,�y ugrcc in wriun�;, howevcr, thut interest shi�ll bc pai�i on thc Funds. Lcndcr shull givc t��Dorrowcr,
<br /> �vitliuut cl�nr��r. an ,innual accuunting of thc FunJs, sbo�ving crcdits und dcbits to thc Funds �ix1 thc purposc for whinc�ach
<br /> dcNit to iht�Fundy wus n�:�Jc.'1'hc Nunds arc ptcdgcd us adJitiunal,ecw•ity fu��ull sums,.:.urcd b� this Sccurit��lnstruincnt. �
<br /> If thc Fund�held by l.ender excecd the amounts pemiiued to be held by upplicabls law. Lender�hull nccuunt to&�rro�ver
<br /> far the exccs�:ilinds in acaudunce with the requirements of applicable law. If'the amnunt nf the Fundti held by I.ender at any
<br /> tin�r. is not huflicicnt to pay the Eticr��w Items when due,Lender muy su notif'y Borrower in writing.and. in such ciise Borrower
<br /> shnll pay to Lrnder the ajnount necessury ta make up the dcficiency. �rrower+hall ivake up the deficienry in no mor�than
<br /> twclvc mnnthl��paymcnts,at Lendcr's solc di+crction.
<br /> Upnn puyment in full of all �unu secured by this 5ecurity Instrument, Lender shull p�omptly rcfund to Burrower uny
<br /> Frinds hGld by l•wnder. It', undcr pariigraph 21. LenJcr shull acyuire o�•sell the Propcny, L.cndcr,prinr ti�the ucquisition or�.dc
<br /> ot Uie PropciYy.�hull apply any Funds held hy Lender at the time of acquisition or+ale us u credit ngainyt thc sums sccurut by
<br /> dtis Securit;� Inzdrumcnt.
<br /> 3. A��pUc:vti��n oP Puymen�s. Unless upplicable taw provides otherwise, ull puyments recei��eJ by L.rnder wtder parugruphs
<br /> 1 and? shnll br.npplicd: f rtt, to any prcpuyment churges duc undcr thc Notc:secoud, w amounts pay.tblc undcr paragr�ph 2;
<br /> third,to intums;duc: fourtb,tu princ�pal due;und lust,to An�late churges due under the Note.
<br /> q. CBnr�ro; Liens. Borruwer sh�ll pay nll twccs,ussessmcnts, char�es, fines and impositions attributablc to the Property
<br /> wbich mny attt�m prioriry uvcr this Sccurity Instrument, and leasehold paymcnts or ground rents, if uny. BorroH�er shall puy _
<br /> these oblipationii in the manncr providcd in paragraph 2,or it not paid in that manner,Borruwer sl�all pay them an timc dirccdy�
<br /> to rhe person o«�ed payment. Borrowcr shaU promptly furnish to Lcnder all notices of amounts to be paid under this pxa�graph.
<br /> If t:<�rro���er mtilies thcse paymcnts dimctly, Borrower shall promptly fumish to Lender receipts evidencing the paymcnts.
<br /> Bnrmw�r:�hnll promptly dischurge any lien which has prioriry over this Securiry Instrument unless Borroacr: (a)agn:es in
<br /> wriiing to tht�pnyment of the obligution secured by the lien in u�unner acceptuble to Lender; (b)contests in gocxl faith the lien
<br /> by, or de:ii:nd�, nguinst enforcement of the lien in, legal procecdings whirh in the [.�:nder's opinion operate to prevent the
<br /> enforcemcnl of thc licn:or(c)sccw•es from thc holder of tlie lien an c�grcemenr sacisfactory to Lendcr subordinating thc lien to
<br /> diis 'ie��wity huarumcnt. If I.cnder determines that any pan of the Property is subjcct to a lien which may attnin priority ovcr
<br /> this .tieLUr;iy Inrtrumcnt. Lcnder ma�•give Burrower�notice idcntifying the licn. Borcower shall sutisfy the lien ar take ane or
<br /> mnn;uf thc a�:u��ns sct forth abovr w•ithin 10 days of thc giving of no[icc.
<br /> 5. tl��r.ur�! ur Nroperty Insurunce. Borrower shuU kcep tlic imptovements now existing or hereaftcr crected on the
<br /> Propcny inswud against loss by firc,h:vards included within the temi "extendeci coverage" und any other hazards, includi�ig
<br /> ilncuis�r flnndin�. Fnr whieh l.atder requires insurance. This insurAnce shall be maintained in the amaunts and for the periods
<br /> that Lendur n:quires. 7'hr insurance rarrier providing the insurunee shaii he cnosen oy Borrowcr aubjcci i�. i..ei�de�'s a�N��..a�
<br /> whii:li St�rll nnt be unrcason•rbly a�ehheld. If Borrower tails to maintain covcrag�describcvl abovc, [.ender may, at Lender's
<br /> uptiun,obtuin�:overage to prouc[l.ender's rights in the Property in accordanee with paragr.iph 7.
<br /> A,f! insun�nce policics and renewuls shall be acceptable to Lender and shall include a s�andurd martgage clause. Lender
<br /> shali hnve thu r.ght to hold thc paliries und rene��•als. If L.cnder rcquires,Borruwer shull promptly give to l.ender uU receipts of
<br /> p;uci pn;m�umr.and re�ncwal nrnices. ln the event of loss,Borrcnver shull give prnmpt notice ro the insurance carrier and Lender.
<br /> Lencie�r m�y m�ike prcx�f of loss iF not made prompUy by Bnrrower.
<br /> Unle�•s Lcnder and 8rnrawer othcrwise agrce in writing, in,urance proceeds shall be applicd to restoration��r repair af the
<br /> Propcny d+�nniAcd,if thc restoration or rcpair is economicully fcasible and L.andcr's security is not Icsscnccl. If the rest�7rAtion or
<br /> repuir ia�nM��canomicall�� feasiblp or Lender's security wc�uld be lessened, the insurance proceeds tihull be applied to the swms
<br /> secunr.l by thi:� Security lnstrument, whethee or nut then due, with any excess paid to Borrower. If Aarrower abandons the
<br /> . properiy_or daes not answer within 30 day+a notice from Lender that the insurance earcier ha�offered to setde u claim, then
<br /> Lemldr may <:ullect the insurance proceeds. Lender mny use the proceeds to repair'or restore the Property or to pay sums
<br /> 1 �xunxl•hy tltlt�Sccurity Instrument. whether or not then duc.The 3U-day period will begin when the notice is given.
<br /> ° Un1a;s Lcnder anci Borrowcr atherwisc agree in writing, :uiy application of procccds to principal shall not extcnd or
<br /> pc�stpunr tht�due date of the nionthly payments rcferrcd to in parugraphs 1 and 2 or change the amount of the paymcnts. If
<br /> • undo�pan►��n�ph 21 ti�e Property is ucqu�red by I..ender. Borrower's right to any insurance policics and proc:eeds resulting from
<br /> dumiige to thn Property prior to thc acquisition yhaU pass to Lender to the cxtent of the sums sccured by this Securiry Instrument
<br /> immcxliately�rior to thc acyui�ition.
<br /> � +5. (A�eu�ancy,{'reservutlon, Nlpintenunce and Protection of the Pruperly; Bc►rrower's Y.oan Applicatlon;I.eusehalds.
<br /> , F3anrawer shnll occupy,establish, und use the Property as Borrower's principal residence within sixry duys aRer the execution of
<br /> this Seeuriry Instrument nnd shall continue to occupy the Property as eorrower's principal residenee for at Ieast one year Atter
<br /> the dnte of occup.uuy�unless l.ender otherwise agrees in writing. which rnnsent shull not be unrwsonably withheld, or untess
<br /> extenuuting cireumstances exist which arc beyond Borrower's contml. Borro�ver shall not destroy, damage or impair the
<br /> Property, a11ow thc Properly ro detcriorate, or cnmmit waste on the Property. Bnrrowcr shaU be in default if any forfeiture
<br /> action or procecJing, whedter�ivil or criminal, is begun that in Lender's goocl faith jud�ment could result in forfeuure of the
<br /> Property of otherN•ise materially impnir the lien crested by this Security Instrument or L�:nder's security interest. Borrower m�y
<br /> cure such u default.uid reinst�Ue, as provided in paragraph l8, by causing the action or proceeding to be dismisseci with a ruling
<br /> �hat, in I.endcr's goal fuiUt d�termination, prccludcs torfciturc uf thc Borrower's interest in thc Property or othcr matcrinl
<br /> ' impninncnt uf th� licn crcatcd 6y this 5ccurity Instrwnent or Lender's sccuriry intcrest. Borrowcr shall ulso be in default if
<br /> Borr.�wcr. during thc I�>an xpplicaticm pra:ess,gave materially false or inaccurate information or statements to Lender(or failed
<br /> to pro��i�ic':.ender with.u�y material mtormation)�n connection�vith the loan evidenced by the Note, including, but not limited
<br /> to, iLpres.:mutions concerning liorrrnver's occupancy of the Property as a principal residencc, if this Securiry Instrument is on a
<br />--- Ir.u:l�old, [3orrower shall cennply with all thc provisions of the lease. It' Aorrower ucq�ires fce title w the Properry, the
<br /> IC:ISCItOIII 11t1(I IIIC fCC tiQ1C S�tall not mcrgc unless Lendcr ugrees to the merger in writing.
<br /> � 7.P�btcctfnn ot I.endcr's Rifihts in thc P�roperiy. If Borrower fails to�crForm the covenants and agrecmcnts contained in
<br /> tl�ia Secu�ity Instrument, or there i�a Icgal procecding that may significantly affect Lender's rights in the Property (�uch as a
<br />° ' pr�icecdin�; in bankruptcy. probat�, for condemnati�m or furt'eitur�or to enti�rce law, or rc��ulations), then l.ender m�y do .md
<br /> iy for a•hatrvrr iti necessury tu rsotert thc valuc uf the Pniprrty and Lcnder's right, in the Prc�perty. Lrnder's actions may
<br /> ��..�...�.. .. �,�,� .���,,. ���.•ur�d hv a licn which has arioritv ovcr this Security Intitrumcnt, appcaring in ciwrt, paying
<br /> ... ��j:��o �.� _ .
<br />— rc.:sunnble atlorncys' f�e� and cntrring un thc Proprrty tu inakc rcpair..Althuu�h Lendrr may takc art�un undcr this para�rapn
<br /> - 7. l..endcr doCS nut It:rv�tu do so.
<br />_ Any ;mwunts di,burscd by Lcndcr undrr thi� paragraph 7 ,hull hccume additional Jcht of Borrower scrurcd by this
<br />- 5ccw•ity [nstrununt. Unlrtiti B��rruwu.ind L.endrr agrce tu�nhcr tcnm of payment, thr�c amountti�hall hcar intcrest frnm thc
<br /> du¢e uf disbunrnnnt at llic Natc ratc and shall bc payublc, �a�ith intcretit, upon notirc from Lcndrr tu Borrciwcr rcyucsting
<br />— payment. -
<br /> - S, N1ort{;u�;c Insurunce.If LrnJcr rcyuircd mongugc in.urancc as a couditiun uf maV�ing dlc loan�crurcJ by thi�Sccuriry
<br />= Insuument, l3orri�wcr �Ir.dl pay the prcmiumti rcyuired t�� maintain the ntvrtgage insurcmrr in effect. IF, for any rea.on. �he
<br /> mortgare in��rancc ci�vcragc reyuireJ hy lAnJer lap,es ur ceases to bc in effect. Borrower shall p:ry the prrmiums reyuired w
<br />-= obtain r��vcragc �uhtitanti,dly cyuivalcnt ta thr murtgag�: intiuruncc prc��ioasly in cffcct. ut a cou tiubstantially ryuiv,tlrnt t�i ihc
<br />.= ru�t t�� Burrawcr uf thc nuzrtgagc intiurancc prrviausly in cffcct. t�rom an allcrncitc mortgag� inwrcr appro�•rd hy Lcnd�r. It'
<br /> — PaUa 7 0�a Form 3028 9190
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