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<br /> 'I'he �ur�1s shall k+e held in �n institution whase depos{ts �re inzurecl hy s (aierul ugctxy,in:i�umenial ty, ��r�y
<br /> (including Lernier,if l.ctkfer is such rn instilutian)ar in�ny Fode�l Hon�c I.c��n Hank, l.,cixler�hull apply Ihc Fu�xls tu pay thc
<br /> F.ccmw Ilems. l..emit�tyu�y not chnryte Bc�rmwcr for tx►Iding�nd apFlyin�;thc l�uixls,annuidly anulyring thc cxruw axa�unl,��r
<br /> verifyinp the Escmw]tems,unlcss l.c►xfer p�y�Homnwer �nten�t nn thr{�uncls mxi:cpplirable lu«��xrmits I.cinlrr in��uiko sucii
<br /> u chmt6t. However, Ixr�Jer nuej�rcquirc lformwer t��p:�y u one•timc churµe G�r un iidcpcixiHnt rcal r�inte�ar rc�x�niny aervl�:�
<br /> uu�l hy Lrixirr in cnmxti�ion with ihi�: I��an, tnilcss applic�blc Iww pmvi�lc, othcrwik. Unless �n ai�rcr.nwnt i� mndn ur
<br /> upplirKble luw requircs interrst to!�r puid, l,�nder sl��ll nc.t tx rryuired�u pny F3�tr��xer any intcn�st�►r carninHs un tliC I�iuxls.
<br /> 8urrower urKt [.er�i=r nwy ugrre in wrilin�t, hm��e��cr,thut imcrr�t shidl !►�paic.i cm �hc E�wxJ�, I,cixicr sh��ll givu tu Bur�uwrr,
<br /> witMwt ctu►rge, an rnnurl �rc►unting of�hc f u�xis, slH�win�crs�lils s�rnl dehi�. to thr Fuixl�uixl U�c pur�i.r lin• which cuch
<br /> dehil tu Iha Fu�xls was tneJe.'ihe C'undh are pledbed us�ntvilioiwl securiry for ull tium�+�cun.�l by ihis Security h�+�nm�cnt.
<br /> Yf thc Funds hc11 hy Lendcr cxcccd thr nmcwnts pcm�itinl �t�hr hrld hy a{+�+Nr,ihlr. lu�v, I.rndrr�hnll nr�vtiunl tn I�orroN�cr
<br /> fix tlx excess F'un�f+in rccnrcla�xe wlth the reyuircrtxnts ��f n�►�+licublr luw. If the unxiunt ai'the 1'wxls I�eld hy l.ender ut uny
<br /> time is�xK suf(icient tu pry the I:�:mw ttrms M�hen due,l.a�ncle�mwy sc►�x�tify &►rruw�er in wri�ing,aix1, in.uch rase Burm�aer
<br /> .hall puy to I.ender tho su�xwnt n�YCSSary� to muke�p�he deficieixy. I�+�rmwer shnll nu�ke ap�he JePiciency in nu more thun
<br /> Ewelv�nwnthly pa�mcnts,at l.cndor'�snlc discrctinn.
<br /> U�n puyment in full c�f all sums kYUral by thi� S�:curity In.twi.ixm, I.cix�er stfall prum�lly rcfurxf to &xmv�er uny
<br /> Fwxl�hrtd by [.ci�der. If.u�xlcr.�:,ers�r,�ph 21, l.cixler+hidl aryvire uc sell tlie �n�prcty.. I:.r.rider, prior to the ur��uisicini�.ar.�,�1.�:
<br /> of tht Pmpetty, shnll upply ariy E���ixl�; hcld hy Lender al t�ir,�im��tf:H:c�ui�:itir,nl ctr r.alc cr.,s r,itYli�ul;ninst the cu.ins�entixcl.I.�r�r
<br /> this Scv:urity Instrunxnt.
<br /> i.Applirxibn of P�ymem�ts, 'Unle�*s ci���lic;iUlC t:�w�coviJes cxl'i,erwisc.:x[I�PaKnaei.l.cs ir�.-civccE by L.ei.xl�:r u.irJ�er nar,�tLnplTs
<br /> t �2 shnll be applied: first,r.a a�tl�pnrp:t��nxr.vt rh:�rges rJue u.�a�ier the rtMe: .ecrri�l, r.cr a�namh 4u�•altile�nxCec�ra.r,��;rrp[t 2:
<br /> 16�in�f,.to intcrcst dua;fuunh,ec��r.►r.xiE�l due;a�x1 last,tv any[al�:rharges Jue u�xter tAe l�[ot�t.
<br /> ��.Ch�cges; I.icns. &sem,wcr shall pay aU tazes,as:+�-�smr.tits, cf►urges, fiix�an�l ninpo.itions uurihutablr tc*r.l�r. Hn►pcny
<br /> which may attairt pr.i�►rity uver this Security Instrument, untl leaxh��ld puytnents c�r ground mnt,, ii'any. enrr�w•ec sh•r!i pay
<br /> • IfiiSC Cn�SiiicaiiUio:i:�.LNti ii�7ii:ii:i t/fC3Yi��;r�,ar.:�75Nii.�. i)!if!x,t lwid ie�ntui manncr.&�rrawer�6n11 n.,y then�n!t�:::1°:�tCl°,::1'.7
<br /> ., io the wncm u�rr;���rmc:s.8ormu•cr shall prompt:y furnish to l.en��r..lE r��tires of amounts to t�p:�id umler this�r�rs�ea.�la:.
<br /> • !f&�rmwer makm thesc p�xr.�nas�Qirecdy, Bonawar shnll promptly f�rnia[�to Le�xicr receipts eWidericins the{�aymei.ics.
<br /> • &i�rower�iirell prramRtiy di:scknarge any lien which ha�prior�ry o���r this Securi¢y I�xsuument unlcxs Borrower.(�e1:Ren^ts in
<br /> writing to the pa�-ntc;ne uf the aGtig:�tion securcd by t6e lien i�i A �nannr:r acceptable r.0 l.cr.nct��;(b)conte;ts in gucxl E�etf�Qhe lien
<br /> � by, ur dcf�n�is ;�ain.0 enfo�rment of the lien in, legal praeedings w•hich ia d�l.c:ixbe�'s opinion operate to prevent tt�e
<br /> ' enfonement af the tien;ur 1�1 securc�fnnez rhr.Ihalder of tl�e lien un�g►een�ent satis(actary to I.znder subordin:►ting the lien tu
<br /> this Security Instnmxnt. If I.ender detenni��.c�:tf�at any part oF the Pmper.ly is subject to a leen which may attain priority over
<br /> this Saurity Instrun�ent. L.c�xter may give&»�wWrer a noticr identifying the licn. &xrower sha10 s�;esfy the lien or tuke one�r
<br /> �', more of the actions set furth a�ive within IU days of the gi��inb af ncxice.
<br /> r 5. Hazard or Propert� 1[ossurance. Borruwer shufE �ecp thc impravements now exi5ting on c�rcufter crected on thc
<br /> '� Property insurexl aFainst lo�s by fire, huzards included wiNein thc trrtn "exte�xiod croverage"�ncE any other hazanls, including
<br /> " floods or flnafiog,for which l.ender requires insurarxr. This insurance shall be nmintainai in the ar�wunts and for the periods
<br /> • that L.ender rcq�airr•:..'1'he insurance carner providing the insunnce�Oea[[ be chosen by &imower subject to Lcnder's appmval
<br /> ` �;h�:� sF�a:! �t t-�,�-. �;cnat�;�v:iihh:.:d. If Eorro�cr'.'�S:s:: msin•.:.�6a :n:•tr.cgc ��r:'",.,.d s���e. l.ps�ler msy.�t �'. •r'�
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<br /> � optian,obwin coverage to pmts�:t Leixier's rights in the P�o�yc�e�• in accordance with par..cc��:;ah 7.
<br /> All insurancc�licies a�r.-J e*_newals sh.tll bc acccpt;��m��i�� Lcnder and shall inclu�ile�� slandard mongage clause. L.endCr
<br /> shall have the right ai hold t���y��ia�ies arxl renewals. If l.�ndc.reyuires,Borrowcr shall pn�mp:lp gi�•e ta I..ender all receipts uf
<br /> .;.� paid premiun�.ti utxl renewal�xniccw. In the event of loss,Bnrno�ver shull give prompt notice to the in:�,r.eance carrier and Lender.
<br /> Leader may make�rrnqF of loct i;not made pr�amptly by l3�enm�;r. '1 �
<br /> � U4�less Lerw'1C�::i-�d.Bortawrr olherwise•rgrcc in wntcr.r,�,isfsurance proceeds shall In�applial W,,�.-.::i�o�ation or rcpair of the ���'�'`"
<br /> Pror,cfeay damuga2,a i the ratoration or repair is avmomic:,ol:C�•fi;�ible anci Lencicr's sav�n'r,,.y is not Icssened. ]f tt►e r.r,�toration or
<br /> rcµur, �s mot ecvMa;nl%'ally fcnsiblc or Ltnci�r's sccurity wc�i�d•!�'�::lesscned,thc insurur;m t^roaeds shall be applliK;�"iP7 the sums
<br /> securod by thic S�;�:iar.ity Instrument, whcther or not thcn due, with any eacess paid ta Horrower. if&►trnwer;�'��;tet!Nms the
<br /> Froperty, or does�i�xs;u�swer within 3Q days a tatice from l.ender that the insurance carrier has offered to settle ti rUaim, th�n
<br /> I.ender may cat�ei" the insurance proccods. Lcnder may usc thc prou:eds tn reQai�or rcs►orc the Prc�perey ar to pwy sums
<br /> securod by this Scy;arri:y Insirument,whether or�wt thcn d�ie.Tt�e 3Q-day pericid wilS t�e�a�n when the notece is given.
<br /> Uniess I.tnder and &►rmwer othenvise agrce in writing, any s�pplication of pr�,�reeds to principal shal! riq� �xteM or
<br /> patporK the due date of thc monthly pu��ments rcfem.+f ta in paragraphs 1 and 2 or change the umoupt ot thc{►�,;ments. If
<br /> under paragrxph 21 the Prop:rty is acquired by Lcrxler,fiorrower's right to any insurance policiat arid pa�cocds resulting from
<br /> damage to tlx Propeny prior to the acquisition shall pacs to[.ender ro the extrnt of tlx sums secu�!Iby this 5ecurity Irutrument
<br /> immodiately prior 10 the acquisition.
<br /> 6.Occup�wc�,:I'rGServatbn,Mafntenane�and Protextbe of the Property; Borrower's Loan�e��plkstion;Le�rhold�.
<br /> Boaower shall a:cupy,establish,and use the Prope�ty as Bartower's principal resedence within sixty days after the executian of
<br /> this Sccuriry Ins,crNment and sh�l! continue to occupy the �'ti�perty as Borrower's principal residence for at least one yeur after
<br /> the dute of occu.�?trney, unle�.s�cnder otherwise agre�s in v�a�+r�ng,which consent sh•rll not be unrcasonably withheld, or unless
<br /> extenuating cer,rL:�mslances exist which are beyond BorroKrrs copt�n!. F�arrower shall not destroy, demage or imp�ir the
<br /> Property, ali�ru: u��ie Pr�peny t�deterioratc, ur dommit waste on thz P�,��r��cr�!��, Bormwer shall be in default if any forfeiture
<br /> :� xtion or procc�dling. whether civil or criminal, is be�gun that in Lertder's.�;u�cl Fajdh j�dgment could resulr in forfeiture of the
<br /> , Propen��or uthe»vis�;materially impair the lien created by this Security Instrume�n r.r.l.cncler's securiry interest. Bornuwer may
<br /> cure.�i�ch a defauU a�xi reinstste,as providcxi in pamgraFh Z8,by causing tha action o:�vocceding ro be dismissa!with a ruling
<br /> •� that. i�n L.E:nder's good fuith detcrniination, precludcs forfciturc of the E3orrowcr's inten5t in tlx Pmpeny or othrr matcrial
<br /> , impaenz�x uB a�,e•lien crcated by this Security Instrurnent or Lender's securiry intcrest. Borrowcr shall also bc in defautt if
<br /> ;;`,� Borroa•er,du��r���ida��lo�n applir�uion pnx:ess,gave n�atehially false or inacturute infurmatien uc sea'irmeNS to L.enckr(or fAiled
<br /> t�r pr���ido I.c:s�tYer�vith:my material information)in cont�ctian with the laan evidencrd by ttM N'c,me�zactuding, but not limited
<br /> . tw,r,kr;r�x�Q��i�;�ns soneeming Horrower's occup:nx:y of the RoQerty as a principal msicPknee. If this•5+xmrity Inswment is on a
<br /> f.ea�c:!h��i��: &trr,�x�.•.er shall comply with aU the provisiorrs ,�� uhc Ica+e. If Borrciw�er a�,,yuires fee title t� t1.4� �;ar,�erty, the
<br /> ' leatt7ro(d anef k�i�A f;'ee tide shall not mcrge unlcss Lcnder ag.�a.��x�the merger in writing. �,
<br /> 7.Pra�tccklh>rn:e►f I.ender's Ri�hts in the Property.If Bonuwec Cai2s to perform the covcnanr.s,�:rnd agn.ry.,•cu.°��t�iw•irlaiix�l iu
<br /> i this Se.curity Cu.v;��d.ment,ur there is a legal proceeding th:tt tn�y siL•rr.i:Gi,c..:irr.fy affect Lender's ri��lts iit el�i�re�;�ty(such�.:r.
<br /> pnxecdin�in Lxrnkruptcy, probate, for coixlemna�ion or f�►rfeiteere o+;Irn t,,r,�;s;se lawe or regulutiotr.;), tlten lenc�'r m•ry cio aurrd.
<br /> ` pay for wfratertr is neccssary to protcct thc value of tlk Itirnnr.r.ty;uui @:erdos's erf!l;�:s� �n the Proptrty. l.e�"s:u.-tiawns m�.y
<br /> , irn:luxfe paying a��y sums secured by a lien which hzs �?riorir.y over this Scrrari,i.7 Ii�F��c:tun�ent, appearing in cnurt, paying
<br /> ruz,c�nabl�acro►h�eys' tees.�nd eatering on thc Propeny w rnake repairs. Alihcul;zlr ILo�,;i,r nwy takc xtion under this�rag�t
<br /> ' i.I.�IRlGi Ui1G�iilil iili�:c iirUii 1��.
<br /> Any :urmunt� disbursui by i.cnder undcr this paragraph '7 �l�:ilf I�ecomc :xSdilional dcbr af 13urn�wcr sccur�tii �}+ f1T.i:s
<br /> Sccurity lnstna����tir. Unlcss Eiorrower uiui !'.ender agnec to otliec rcrn�s of QayrncnC.thc�arttounts sJ�ail bear intcrest fr�m e)`M
<br /> Jale of di�bur.enxnt nt thc Notc rate and shall bc paya[�fc,with iniire>r. upo�� n��i�� f�nm [.end�r to &�rrow�cr rcqu�htii�g
<br /> paymcnt.
<br /> R.Martgage Inwrat�ce. If Leixler requircd nx�rtguge insurance;:�v a.uirkiisi�m ul'mrki���t tlle lunn,��:ureci by this Ses;uiit�y
<br /> 6i�trunxnt. Horruwcr shall pay thc prcmiums rc�uirccl tc� nuintaiit titc mcirtgage imuranci. iu ulil:cr. fl', f'or any rc��cm, t��4
<br /> nwngagc insuraix�c covrragc rcyuind by Lr.nJer lap�cs or crases t��he in effect, li�rrow•cr sUai�.pay ihc prcmiwns requii�:d!tx�
<br /> ubtuin cuvrr.i�e substantially eyuivalent ro the nx�rt�;ago insurrr�ce p�tiriuu�ly in effMt, at a cuYt nul�+tantially eyuivalent tu tH4
<br /> l'USI l41 F�I/P1'Owcr of thc martgagc iiuur,mcc prCViuutily in C((CCC, from an altcrnatc mortgagc insurcr approv��l by Lcndcr. If
<br /> , a,o,2 0�� Form 3028 8l90
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