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<br /> - - ��'=' The F�ds,st�alE De held in an innetudon whase de�sits are iasu�d by s fe8era! ageacy.
<br /> i�fmr[f�nLity. oi¢IItlL1+ -
<br /> - '�' `'r : (iaec�lv��d'uig�er.if Lender is such an institution)or in a�►y Fedeial Home Laan Bank.la�ter shsll appfy ths Funds to pay the =
<br /> � ' 4��f`� �4V�V[tems.lender may Qot d�arge Borrotver fcn holding,and apD�Y�B the Fundg.annuaiiy anatyzing�essnow asoannt.or --.
<br /> F<_.�° ,," v 8ie Escrav+dtems.tuttess Lender applicabte ta�r► =
<br /> `�5 4.. ��S Pays 8onatirsrer iuterest an tize Funds aad �ermits Lender to m�suci�
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<br /> °:>;:-:�, << , a char�e.tiowever.i.eadra may�q uue Bosrower to pay a one-tiaie cl�arge for an indejsendent�l esiate tr�rrpartiatS secvic�
<br />.-`; �;,::�..;,,,,�;.`;•` �'; u s e d b y t.e a der in eo�a e c t ion w i t h t h t s to�. t m l e�s a p F li c a b l e l a w p s a v i d e s o t h e i v ri s e. lTn2ess aa r�r e�n e n t is made as -
<br /> � �. :�:,,�:�� � appltrable taw requires tnte�rest ta 6e patd.Leader sUatt not be reqwred ta pay Borc+�wer atry iater�st or�on the Fu�s.
<br /> - , ,4' ..� Bn�rower�m1[�nder may agrce in wriuqg.huwever,that im�est s�al!be paid on t�e F u a d s.i 8 n d e r s h a ll g i ve to B orrBwer. -
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<br /> •,,;'::'r'�%.>,.�..� without cD�rge.an uwua!acrnunzing af the Funds.showin�ccediu and debits to t�e Fuads nnd the pu�pose for which esch
<br /> . " ., debit to the Funds�vas made.The Funds are ptedged�.s�dditcanal see.�urity for all sums secure�by this Saean'i�►insunnst�.
<br /> � tf tba Fm�ds heId by i.ender exoe�d the amonats permit�tn be hetd by apptiraDle�a�x.Len�er shalt ecsa�mi ta Sanq�vcr _
<br /> ::� `�:i.: ; fnr the excess F�nds in accordaace cvith t�emqa�mant�of appiirabie taw. If the amotuu of the Funds neld by E�er at any -
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<br /> ` �t'-�t . time is Rat sufficient to pay the Fsctow Items when due.Lender rnay so notify�Bonower in writing.aud,in such case Banam�r =_
<br /> ��-�-�"''���'-� �hall�aY ta Lender the anw�uat�ssar�ta make up the defici�cy. Borroaer sMll roake up the defiaency in no mu�than -
<br /> " ::`m'���'� � tweive�attthlY PaYmeass.at Lender's sole d'isct�ion � -
<br /> ;` ` " `F;��" Upon payment in full of alt sums ser�red by ttus Security I�strument. Lander shall promp8y refiutd to Borrower auy -
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<br /> � .� r'� Funds held by Lender.If.uader par�iaph 2I.Leader shall acqaire or sell the P�perry•I.eadec•Prior to the acquisitioa or sate -
<br /> � `, '` � of�he Property.s6all sppiy any Funds hetd hy Lender at the time of acquisition or saie as a eredii against the sums secute�by -
<br /> ` :::�,� shis 5eivuiry insaument. : °
<br />_`f' • � '�`` 3.�lpplisstlon of P�ymeats.Unless applicabie Eaw provid�othenvise,alE payments recxived by l.endes under p3ragraPhs -
<br /> �`':�``,� .'%;'�; I and 2 shali be applied:fir.�t.to any PrepaYment c�arSes dne u�der the Note:seronct.to amouuts payable under paraSraPh l:
<br />...r....� ..�•• �'"%t" Ip11Id.to intesest due:fourth.ta principa!dtce:aad tast.w any tatec�argea due under the Note_ -
<br /> ;`,;f.�-��' � jP� ` 4.Charges:Lteag.Eorroarer shall pay all taxes.assessmaus.ct�arges,fines and irupositions aztributabie to ihe Properiy
<br /> , `,.•s;::f'``�;`,,: , whic6 may attain priority over this Security Instnimcnt.and leaseho2d payznenu or�aund rents. if any. Bomnwer sha11 paY _.
<br /> I:��r . `�°;�j;=;�`<{',`. these c�btigaaons in the manner pmvided in garagra�Tr Z>or i�not paid in that manner,Harmwer shall pay them on time dire�Y
<br /> ` • .� ;<,,,, E� to tbe pg�on owed payment.Borrower shail pmmptly furaish•er I:�end�s all not�ces of aawuass to 6e paad under this parsgraph.
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<br /> ::•�:.;;�c`r'•��. If�otxe!�vir makes these praymeats dltectly,Borrower shaU y fumish to L.ender reeeipts evidencmg the paymQats:
<br /><�,�';:.;�:..:;s�,£"��.• Hatiowec shall PmmptlY disc[�e anY He�wtvch has p�ovec this SecuriEy i�in�nt un(ess Bomawer:la}agrees in
<br /> _ •��.i��`•=<:� writing to the payment of the obligaabn secured by the liea im a m�nner arceptakic�o L�►ies:(b)onntests in gaod faitb the lien .. .
<br /> ` .���."�:�•:`� En,� ar.defends against enforcetuent of the tien ia. teg,al procee�ings wludF ir;t�e tc�er's apinion operate to pmve�nt t5e
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<br /> • � �?�#��x'a--��' enfo(�ie��nt of tbe lien;or(cf secvres froin the livtder of the tien an�s�ua�to Leudes saboidinating.the licn to
<br /> x,i��b� ' this�3�qcr�y Insmiment.If Lenderd�t�Snes that any part of the Property�s subKct.ta�:��Yien which may atain priority over
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<br /> •�,., ;-:4��{,r�i;,� �.. this Seet�.ty Instrument.I.ender mag��Bmxowei a notice identifying the lien.Bortou��ali satisfy the lien or take one or
<br /> -- ,�.,;.,��,'��`.. -, caore ot the actions sei forth a6ove Wi�#n IO days of the giving of notire• � _
<br /> .'`.'��._�.,,:•.;. : 5. HaraM or Property Iasmance. .Aorrouet shall keep the improvements now existing or hen�fter eracted on the
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<br /> ,.>>.Y�..:_�:� ' Property insured against loss by fire. bazarda inc�uded within the term"extended coverage° and any oWer haratds.inciuding
<br /> �;'_:.;.,�';':.. ���;;..: floods or�tooding.for which Lender tequires Iflsnracioe.This insurance si�all be maintaiaad in the amounts aud for tGe periads
<br />- '� ,.. that Lercder�res.The insurance carrier providing tiie insutaase s1�all be chosen by Bon�ower subject W Lender's�rproval ,
<br /> , ''''�' �• whiCft:s��nas Ge unreasonabty withheld. If Bonower fails ta maiutaitt coverage describc�st'•�►ve.L�nder may.at�uder's
<br /> •..b�, opqot�y al;�a�ri caverage to protect Lender's r�ghts ia the Pr+aperty in accardance with paragr.�r1's 7'��,. :.:• . � .. `
<br /> 1'.: .. •A�i�ir�rance.gsxx!tci�aad renewals shalt be acceptabte to Lender and sflall inciude�.�.�a�e clau�e. f�ader .:
<br /> ,. �°*, shaU hay�e�righ4�tr�[ne�d the�olicies and renew�ls.If Lender requires,Bamiv�shal!psompQy g�t�t i?�.�nder a11 receipts bf�:�,','�.�,
<br /> c' , . paid prea7cr�s�d;i�+%�1 nonces.In the event of toss,Bosrowec s6all givrs�a�t naticc:e�the insurance carrier and Lende�:.
<br /> ��w�'�'�`� Exnder tts��ake.graof of�oss if smt r.asde pmmpSy by Barro�.- : • . :� . � � .
<br />_:s•.>�;s�t `• . Unte�,�.ender and Boaower.�c�wise agree in.writing.ir�z4nce praa�.s shall�a�,�ed to restmation or repair af tlte
<br /> :E�.• -_ �,• Froperry Q�amaged.if the restoration oi repaiz is economicatty fea'vbte and�s�ts s securiry rs not tesseneQ.If the�sto�tion ar
<br /> ,'`''.'�f�, •� ; °�' r is aat economipll feasible or L�ender's secur! would be lessened.tlre insurance praceeds shall be applied to the sums
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<br /> �• �-- , secured by this Se}vrity Instrument, whether or aot then due.with any eac�s paid.to Bosrower. If Borro�tirer abandoas the �
<br /> '�.;�.r�,�;Lf�. I'coperty.or does not answer withln 30 days a aotice from l.ender that the insurance carrier has offered to settte a ciaim,then ,
<br /> •:4;�;.,.h,.��,;,,. , L,eader may ooltect the insuraace proceeds. Lender may use the praceeds to repair or restore the Prapert}+or to pay svms
<br /> � ,; ;^f�+�g+, secvred by this Sec.vrity Insuument,whether.ar not then due.'f'he 30day period wilt begin when the nut�ce is given. �
<br /> ,. � . Unless LenQer and Borrower othenvis�agree in writing. any applccatton of prooeeds to prirtcipal shall not extend or ' ,
<br /> , <: postpone the due date of the monthly payments referred ta irt paragraphs 1 and 2 or change th�amaunt of the payments.If -
<br />�_ .:: ' . ..• ..-�,.�� under paragr�h 21 the Praperty is acquired by l.ender.Borrower's rigfit to apy inswance polIcies and praaxds resWting from
<br /> ��7:;:•:.1.: :;;;-: damage to the Prop�y prior to the acquisition shall pass to Lender to the exf�of the sums setuted by this Sec9uiry Instrument. , .
<br /> •.�:,�i,•� `i• �' im►ne,�iately prior to the ucquisition. .. •
<br /> -�� ���`'���<<;�.`'S 6.Occa�►aneq,Pneservat�on,l4�aace and Protect�e�t�tt�z pra�st3,Sopr¢�ds I.e�APP1�tfaa:l.ea�gItof�. .'�'
<br /> :.::2i1;�. .t: :; � HotroR'c���all o P�Y as Somm3.�i�:¢r"s
<br /> � �, esEablish,a^zS s�se the Pro prinaa�;{��idence wCL�in svciy days after the execution of . ,,,.
<br /> _ . �''• this Secariby'Ins�„r+��and shail contimie to occopy the Property as Bacsu��r's principal residence fnr at least one year aRer ''� .
<br />- • the date of oavp�j:.untess Lender otherwise agrees in writing.which c�;���t shall not 6e unreasonai�Zy,withheld,or untess " '.
<br />-�.- ' exteauaping.circG�:sz►ces e�lst wluch an beyond�Borrower'� controC.•�Z.�:n�wer shaU not destrny. �yr.age or impair the , .
<br /> ...�;...: . . '• , Properi�:-�Itow the I�roperty to deteriorate.or commit waste on the Fr�''�y. Borrawer shall be in def�utt if any forfeiture .
<br /> _ . action.ou.groceeding.whether civil or crirr�nal.is begun thai i�.�.ender's�+i�d faith,jadgment could result in fotfe[tQm of the
<br /> ° - ' Froperty or otltenYis�materially im�alr the lign cre,atad by this Sacurity ft��n,,.�ent or Lender s security interest.Botta�er may �
<br /> � ' .' cure such a default trisc$rein�tate.as provided in paragraph 18.b�causing th,�a�on or proceeding to be dismissed witit a ruling
<br /> - - �� that. in Lender's gar.i�:faitb determination, pnecludes forfeiture�f the&srfv�ver's interest in the Property or other material. _
<br />- -; �, '�' ',��••` � impaimtent of the ti�}•�created by this Secnriry Instrument or l.ender's se�rority interest. Borrower shall also be in defuWt if _
<br /> ;��t�y,,•,;. :...��� $orrower,during the Coan application process.gave materialIy false or inaccurate u�formation or statements ta Lender(vr failed _
<br /> ':?•�:,F. , .. '• to prqvidc Lender with any matedal information)in rnnnection with the loan evidenced by the Note,inclndin .buE nat timited
<br /> •. ° to.rejnesentations carts�tnmg Borrower's occupancy of the Property as a psincipal residenoe.lf this Sccurity�ent is on a
<br /> leasehotd. Borrowct.�iiail comply witb all tha provisions of the tease. If Borrower acqu'ucs fee tide ta the Property, the
<br /> ; . � � leazehotd and the fee tit1�shall not merge untess Lc�der agrees to the mcrger in writin�.
<br /> ' 7.Prol�ctton oi�.cader's LBights in the Pm�erty.If Borrower fails to perform tAe covenants and agrr.ements contained in
<br /> -- this Sea�rity Iastn�mem.ar there is a lega) procecding that may aignificantly affecl Lendei s rights in thc property(such as a
<br /> • • .. _ pracetding in bankruptcy,prob:tte,for mndemnation or farfeiture or to enforce taws or regulations).then l,ender may do and
<br /> ' � � �., ��� �ay for whatcwer is necessary to protect t he v a luo o f t h e P roperty an d L en dcr's ri g hts in the P rope r t y. Lender's actions may
<br /> _ '' • .. • tnclude paying any sums secured by a lien which has prionty over this Security lnstrument. appeanng in court. paying =.
<br /> , • � reasonabte attomeya'fees anA enteria,�on the Praperry to make repairs.A[thaugh I.eader may tatce action undet tfus paragrapA .
<br /> . • � 7.Lender does not have to do so.
<br /> " . Any.simounts disbursed by Lender under this paragraph 7 shall becotne additional debt of Borrower secured by this
<br /> ' � • � Security lnstrument. Untess Borrower nnd lxaderagree to other t�erms of payment:these amounts shull bear irtterest from tha
<br /> • ' •• date of disbursement at the Note rate and shall be payable. with interest. upon notice from Lcn1}cr ta Hormwer Requestit�g
<br /> _ . • .� � paymem. �
<br /> � - •' �.Riort�e insumace.if Lender requirecl mortgage insumnce.ag a condition of making the lopn secured by this Security
<br /> � . � tn5trument. Borrower shall pay tha premtums reqnired to mainlain the mortgage insurance in effect. if. for any rersson. the
<br /> � mortgage insurartce coverage reyuircd 9y Lendrr 13pses or ceases to be in eifect.Borrower shal!pay the premiums required to -
<br /> , � : , "' nbt�in cuvera�e substantially equivsdent to che mongage�nsurance previuusly in effe�x.at a wst substantially equivalent to the
<br /> �:: . � rost to Bnrro�+rer uf the mott�ee insuta�u�e previuusty in effect. from an s3ltemate mun�e insurcr approvcd by Lender. if
<br /> " - -- - va�.a ot o iatm 3028 9190
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