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<br /> l The Fuads �hali be held in or� i^ssisution whos� dep�osits are insuivd b�a feciera! age�. irutrumentality. or cntity •.'';';i�=':�`::.
<br /> (includiog I.ender.if L.ender is such an ia4titution►or in any Fcderal Home l.E�n 8an�.. 1-ender sS�all apply thc Funds tu pa�the ,F` � � .Y:-;';;
<br /> 4::::..._ �: Escra�v[tem.ti. Lendrr may not charge Borro�•er far hotding and applying[S�e��r.ctid>.��nualEy an:efycing the escrow accounc.or _ �
<br /> Y-,� � verifying the Escmw Items,unfess[.�der pays B�rru�r•er in[erest on the Funds and:a��'-i�b=e 1a�v pem�its[.en�ter to m�1ce�ach . `,V �. ����
<br /> , ' . . a charr�.Nowever.l.ender m;iy n�t:i^e�tro�►cr tn pa}a�ne-dme charge far ao ir�epe.�:nt real estate tax reponing ven ice ^,�:,:,y.''_.;, .�
<br /> `` ,. used by I..�nder in connection ni[�`: i� toan. un[ess applicable�la�c provides othetwrise. tDnE�+s :in agc�eement is made or . ,°.,., ::,.�•:,`,
<br /> � . .. applica6le ta.v rcquires intere�t to 6e pa�d< Ler.der shall nut be requind to pay �orrower any inteteat c+�ea+n:ngs ua the Fusds. , ,:,':.,:: : .
<br /> �� � Borrowcr and Lcnder p�ay agree in vvri�g.�c+�ever,that intemst �hall be�v�ict on the Funds. t.xrater s3sa!!gi�e to 8orraa•er. �, �; '::j _
<br /> ' - '?�� :�` without charge. an annual accountin�M t!:�F�tnds.showing c�cedits and debits to the Fnnds and the puspuse for Khicfi each
<br /> • •-��-` =� debit tn the�undy�vas made.7'he���+dw a.^e pled$ed as�dditivna!security for at3 sums secvred by this Securitp instm�sent. ';',.
<br /> � . � ff the Funds fieid by Le�uier et���d the amounts pesmitt2�i'�ta bc ketd by applirable law,l.ender shal!accour,c t�Bosrower •'�°��::�� -
<br /> � '. '' •_ fat the ex��a Funds in accurdunce writh the requirements of a.�tarsD:¢l:�v:. If tEe arnount uf the Funds held hy Lendt�ai a.�} '.:: ,�_'.•'"'.:x
<br /> ":_:�=�...��'y. time is not sufficient to pay the�scrnw[tems wi�en due. Lender t^zc,�.•sc��nocit'A�B�nv.uer ia�rri!in=.aiul.in such case Baarou�er ,.`�
<br /> - �'�-_` . � shail pay to Lend;r the amount necessary to neakc up thc deffsieetc�.�Rurroti�:ec sh3l�ura5�cip the d�ciency in ao mn�t�ue -.=�:�-�_:;;;-
<br /> �. t�etve monthty paymenls,at L.ender ssole disccetion. '�`�''`{`��� .
<br /> .. . _, �:.���;;•;.�; _,:.
<br /> Upon psyment in fuil of a!1 su.�ns secured by thi�Security Iasts�eat. &.codec shalE promptIy nfi;r.d to Boscower as►X ?
<br /> ,%�� . Funds Aeld by Lender.If.undcr kttsa�raph 21. �.ender srisdll acquire or sell tf��'ropeety.lxnd�r,prior to tP�e acq►,�-isio�or sate ,,
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<br /> � . _ . of the Property.sl�al!aPP�Y�Y�^�s l:ei�6y Leader at the time of a��quisition or saFe as a ccedie�ainsE tfi.e sums seeured bg ;<,if:.:� .t�-: :�
<br /> . this Secvritv Inswment. . "•,'�;' '- .. �'
<br /> • �.Appl�catImrs of Fay�neal3s�[lnt.ss a�p�'r.2,`,�te law provides otherw ise.all pay�entx received bf l.ec�dtr under paFaa,,�apt�s ,, r X� �r_
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<br /> ,, i and 2 s6ai1 be appl'ced:firss.t�;a.�prepaymgbt charges d¢e under the Note:secom�,to airoancs payabte under p�agra.p5 2; ; h ; -
<br /> , third.tointerest due:fuUrth to�t�ipat due:and tast.toany tate cUarges due undez tae Note. •;,�,;;<4'�`•
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<br /> � 4.Cttasges;Lteas.Borrnart s�a t l pay a l l taxes.asses.mxr E S.c h a r ges. f i n e s a..�e a�a s i t i a n s a m i b u t a ble to i t��n�e r t y ,:.t;r;.::�s•.
<br /> � �° ' vst�ich may attain priority nver tb3s Sewrity Insnumeni.a��tasehald pay*.aents ar�a.�d renu. if any. Borrowzc':s�i paY `...':jR':. �.�.
<br /> ' : �� theseobligations in the manner ptovided in paragraph 2, or if not paid ia tbas m�nner. Borrower shall pay them on tim��e�`�ctiy � .
<br /> •� � � ; to the person otued payment.Bormwer shall promptly fumish v�L.etsder a.l r.otices o€amounts to be paid under this pai�gr�;�•. Y"�
<br /> • • • � ' ���t If Borro�ver makes these paymenu directly.Borrower shall premptIy fumish ta Lender receipts evidencing the payments. . '' `-``
<br /> � •:. <
<br /> F �. `= Borrower shall promptly disct�arge any lien wtuch has p�it�tity over this Security lnsuument tmle.+s Borrower.ta'i aareES in �• ``�;�,
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<br /> � � writing to the paymerit of the ob�igati�on secured by the f ien in-a manner accepia6te ta Ixnder,(b)oontests in good fa�.'ti tie lien ' f�a�,����-
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<br /> . . _ :-::, • by.or defends against enforce�:trtttsof the lien in. tegal prc�ceedings which in the L�ttt+�.es's opinion operate u+�xev�t the ,�,.��-�':_
<br /> �-- � ` - enforcement of the lien:ar tc)saziir�es from the holder of thr lien an agreement satisf�ctiiiy.'to Lertder subordinating'tht'3ien[o , • ,`h}:�`�
<br /> � this Security[nsaament. If Len�1:r�tetermines that any pact of the Propecty is subjeca C�s�tien which m�y attain pri�5:ity over •?? `.=�-
<br /> '` "`. ` ` this Securit�,r Instrumeat.Lend�r�sy give Borcower a nouce identifying the lien.Borro�+r shall sarisfy the lien or t�l;e one or , 1 ;;} �
<br /> , ��� ��`•� more of the actions set fortii aboYS:ar,�tl►in lO days of the givina of noace. :� . �� : , �f �`�`�
<br /> '�t� �:�':f 5.Hazard or Plvper�;•irt►�iirance- Borrower shall �the improvements no�s��eicisting or hereafter er�ited an the ;, � ' ��'
<br /> �'`�?" "'_ Property insured ag�inst toss�S+,y fit+�.hazards incicided �vitt�iri. ums "extended covzrage"arcd any other hazard�;�nrluding
<br /> ' ;.� floods or flooding«for,�iu�.�.eitder requires insurance.This insurance shall be maintained in the amounts and for:the,�periods �~°�
<br /> � that L.ender require�T�t ut�r�ce camer providing the insurance shall be chosen by Boaower sub,{ect to Lender�s approval .,._
<br /> � ::, � �`, ��,•�; which shall not be unreasona2ity,�ithhetd. [f Borrawer fails to maintain mverdge descnbed a6ove. Lender may.at'[.ender's y
<br /> ,,����� •. �- optian,qbtain coverage to proreet T:?�de*s righu in the Pru�teMy in accordance with paragraph 7. _
<br /> � --~s4 �AII insurance policies a:�i�ewals sh�ll 6e accepta�aae to Lender and sl�aii inclxide:a standard mortgage cl�use. Lender r
<br /> s,��,�i`t'�.�f . � c;
<br /> 4 �ty,,��� , sha]}iiave the right to hold ti�g4licres and re:cewals.If LerfdGr requires.Borrower shail��+romptly give to I.ender al�.�.�ceipts of ,
<br /> f l.+ � paid pmmiums and renewal notices_ In the evec�t of loss.Basi+ower shall give prompt notleg,t�the�nsurance ca�Tier a�d Lender. � :���i���
<br /> Lender may make prcx�f of Ic�ss if:nat made p_KainpiTy by 8arrower. . . . �:; r?� _
<br /> 4 •` -� ' t ' • Untess Lender�td Botmw�s.atii,terwis�e"�t�e:m writin$.insurance proceeds shall be�applied to rast�ration or repair of the :�., � �
<br /> j•�»�;'� _, �eoperty damaged,if the restor-��inn�oTrepair is cro�lomic�fily!fea�btearzd Lender s security�s not lesse�d.If the r�ssoration or ��r� _
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<br /> f� f�(',� . repair is not economicaily feasQ�iT�pr�der's securiry wisiild be lescenaf.the insurance procceds shatl be a�rplie.�`�rs�frt simrs � � _
<br /> secured by this Securiry Instrt:me�e: ahether or not then due.�with any excess paid to Borrower_ 1i Borrowe$a1'•ssi�riJY�is the 'fs�v�es+.c .-
<br /> , � , Propetry. or�oes not answer within 30 days a notice from Lender that the insurence carrier hac offereeG�o s{{��ti'�s�la}��.�then s . , ;��.��_
<br /> • l.ender may collect the insurance proc e e d s. L en der may use t h e p ro c e�Q s t o re p a i r or restore the�?s p s l.�y�!sr na<,� s¢ms , . •:,,.'�i+�=_
<br /> `-;:. - .�' �, secured by th�s Security lnstrument. whether or not then due.The 30day period wi116egin when the nsqr�iYs:��:�;'.'-,;'•'• � ' ;:;;;. � :: �`, :•,,�
<br /> - . ",`•- Unless Lender and Borrocvec otheswise agree in writing. any applicatcon of prace�ds to pri�"si{��:�,�ft�::rirs�°:�;tend or'�;,:;�': • �f��^�,.
<br /> postpone the due date of the monthty payments referred to in paragraphs i and 2 or change the amo�=!����A�+i�n�•� ` "4��-`:`y=5�'r��{.'
<br /> '�A I.:�J!lA'.6YFt�_
<br />_ ' � ` ' under paragraph 21 the Property is acqared by Lender.Borrower's nght to any insurance policies and p�+�+�s'T't��l�g from ,;5,}.• �
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<br /> �� damage to the ProQerty prior to the acqwsition shall pass to Lender to the exjent of the sums securcd 6;�,dtzs Securiry�astrument , •�-.��'•�
<br /> � r4p�t�C3�r —
<br /> ,,�", , _ immediateiy pnor ta trt�e acquisitlon. . � . .. . .� F_
<br /> � : . , ' � 6.pccupancy,.YCCSCN81I00�1lriaintenan4e and Peotectioa of the Property;Bosrowe�'s I.a�m�1��5cat�on;Leasehot�s. � ;'d • _
<br /> ••` � • . ��'`• Borrower shail occupy,establisA,and use the Pcoperty ac Borsower's principal residence within siuty i�ys after the execution of ,<, ':• � "
<br /> "'' ''` ' • . : , this Security Irt�trument and shall continue to occu the Ptaperty as Borrower's rinci al residence for at least one ear after . s'`' r�:___
<br /> PY P P Y �;.f��.�."
<br /> � the date of occupancy.u n l e s s l.e n d e r o t h e n v i s e ag m P S i n w ri t i n g, w hich oonsem shall not 6e unreasonabl y wit6�he��3;:ot unless �,;��y�q r __
<br /> f � . � ' eMenuadng circumstances ezist which are beyoad Borrower's control. Borrower shall not desuoy. damage or:it�pair the =:?•����r. �
<br />_�' ' Praperiy, allow thc Property ta detedorate,or cammii waste on the Piu�terty.Borrawer shall 6e in default �f ax�r,qorfeiture ,`,{'r;'""�'.
<br />-3.:;:` �: action or proceeding.whether civil or crimimal,is 6egun that in Lxnder."s�c,*sd fa�th judgment wutd result in forPei:ure of t[te .;.:�.• ��� '�`,.,.•�".'
<br /> - Propeity or othenvise materially impair the Ilen creater!by this Security Ip;�r�ment or Lender s sect�rity interest.J�d�ower may "•.` s:
<br /> - i ,�`�?,�� cure sucf�a default and reinstate.as pravideA in paragraph:�8.by causing the actjon�t�naceeding to be dismisse��w.ii�a a niling f':'�{� ` ��•
<br /> .;,�� A rtY � , J)�'.;. :
<br /> -,i .. . that, in Lender s good faith determination,preclndes farf��ure of the BorroweP s�iisl3�'est in the Pto e o���i:yt material '.:,.s.��
<br />- � • impairment of the lien created by this Security Instrurnenr e�r Lender s�;urity int�. Bbrrowec sttall also E��:i�.defaplt if :,,� . ,'.
<br /> ' � . Borrower.during the loan application pra�ess�.�ave m3teri�tty false ar ia�curate infari�ation or st��fnr�•to Le�fter(or faited ,�; {
<br /> to provide Lender with any mateaal in!`ocmaiy�m3 in connei��fon with the Ib�ri evidenceG.by ths Na�eH�i;�:in,�ing,but,eot limit0d ...• .
<br /> . . . to.t,r,�resentatIons wncemmg Bonower s ac`4'�ancyof�e:flfnperty tss a princip�I ses1den�P:{f�thi�'�.�rity Instttirrt�se is on�t ; �4 �;��,�,
<br /> ' 1�s�ln��d. Borrower shal! cnmpiy with al.l [8ie provibian�;,i3i`the lease. if Bams�vx��aer��sues fee dtle t��Tte 1?r�a�sxRty. d�� ' . 3. s �j �� •
<br /> . '��, ' . ��h:Id and the fce titic s,hali iwc rne�e un[ess Lendes a��:tn thc merger ia writin#�:':•.'`. • � h1."!�� ,r'r�i�l� '�
<br /> •�. ,
<br /> ° . .�fPaa,tectfn�r..nf l.ender s�fg6tv tn the l?ro�erty.If�iprrower failsto pedomi�tS�r.+�ci�ven;mts an:tx�teem�s�snnt�.ided in i::,..,,�'t�..
<br /> • � �h'is,�r.+ctr�it t�i�+nunr�t.or there is a te al roceedln that ma si iCcca��tt� afteccr f:.�nder s ri ia�»v ih�P'r+o t�c?iy(sach as a.•' : :
<br /> .' �},' Y �' p. � Y 8n S � '��. D
<br /> ', �'�� qr,��ic�yn 1��i�krp�tcy,probace. for candemnatiort or forfeiture or co enfone law5 ar�egulatiom.�„ii�cn Lendef it�y do and`. �_":� "
<br /> t �..{ ��t,�' �tt4t:, �, pu.y?fi!c whar.c�rcT::i� necessary to protect the value of'tf�e Property and Lender's ri�iSls•is�the Pro��;riy. Lender's�actions may ;;> � ..
<br /> •;�i iin,lUiif:Qayin�G a�y sums 5ecuned.by a lien which has prionty over tUis Security Jnbtrument, appearing in court. paying ti� t.,,:.: . ;,�
<br /> y ` '� '' � r�ic�ry�ble attomeys'fees and entcri�g on�he Property to make repairs•Althougit Lend'er may tal;e action und'er this paragraph +. .
<br />-_ ,: >':. • :,:�:�:,.��;: .
<br /> ::;�;, 7.I:ender da�:s.nat�.have to do so.
<br /> . � .�•..,:;;�, My mnounis,disbursed by Lender under this paragmph 7 shall become additional debt of Bormwer secured by this ', �
<br /> • � Security lnstruni�ni. Un�ess Bonower and I.ender agree to athe�tertns o!payment, these amount�shall bear interest fram the
<br /> � a date oi disbursement at the Note rate and shall be payable. .vith interest, uyon natice fmm Lendcr to Borrower requesting •
<br />—_ _ . f p��. �. �.
<br /> _ : , . • S.1�loK�age Insurance.lt Lender mquired mortgase insurance as a condition of making the loan serured by this Security _
<br /> Instrumeni. Bortower shalt pay the prem�ums require+d to maintain the mortgage in,urance in effect. If. for any re�son. the .
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