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<br /> The Fuixix shYll be hrld in �n in3titulfon who�e depo9its are insural by u falerul agcn98��run�talit���Y
<br /> (including I.rrxler,if l.ender fn xuch un inxUtution)cir in any Faiorul Hunx la�an i3s+nk,I.enJer shall up�ly the Fund�to pay the
<br /> F.�crow Itcmx, I,ernlcr mu� �xx chrrgc 1k�rmwe�for h��lding Ancf upplying thc Fundc, xrnuully Anuly�xing the cscmw sccnunt,or
<br /> verifying the E?.crow Uemx, unle,s l.r�xltr pryn&�rrower Intert+t�:n the Huncix anclapplicat+le I�w pennitti Lencfer tu myke xuch
<br /> t ctuuyG. Howevrr, l.rixler�rwyrcy uiro Bnm�wer ta pwy w une•tink churge li►r an iixlCpeixlent rryl estutc tux repurting service .
<br /> uaa! by l.axkr in cunnoc��fon wiih this I�wn, unlrsr upplicablc luw pnwidey nlherwinr. Unkss un ugrcenxnt is nwJe ur
<br /> �►plicwble law rcyulrr�inttretit to!�c �id. l.eniier+hull�x►t ha teyuircJ t�►pwy&�rrowrr�ny Inttrnt ur wmings un�hc FuixJs.
<br /> Burmwer��xl l.r►wlcr mry ayrrc in writln�{,hnwevcr, ih��t in�aM�t �hall be pwW��n the I�ui�v. l.eixlcr:clwll Klve lu Fi��rrower,
<br /> without chu�e, �n sm�url way►urning ol'Ux i�unJx, shuwing cir4iits rtxl drblln lu Ihe F�wwls u►Kt�he Fx►rpose f��r whicir eu�;h
<br /> iiebit ti��he FunJs wr�i�wclr.Tf�Nuncis uro pledgai w.�wclJUioiw!r�ccurity fur wll►umx u+�urcJ hy 1hi�Sec�unty In.trument.
<br /> If Ihc FurKl�held by l.cixlrr rxreed tlK wnw►unis pertniu�d lc�bc hcl�l by uppllraMlc luw,I.ctxler shull account to&�rmu•cr
<br /> fur the excess I=un�1s in�coniarKe with Ihe reyulrementa aF Mpplicwble IWw. II�(I1C 71111(Wlll 0��l�1C�'UI1(I�FICIJ (ty lx��le�'Wt any
<br /> tinx is not sufllcieM ro puy�he Escn�w Itemx wt►en dua[xnder may su n�Nify Bnm�wer in writing,u��, in such ca.+e Eiorrower
<br /> sh�l1 ppy to L,erxltr thc rn�ount ncce�+ary lo�iwks up thc drticicncy. Fiormwer shall nwkc up the deficicncy in no marc thyn
<br /> twelve monthly p�yments,at L.ender's�►k diccrNfun.
<br /> Upnn pwyment in full of all eums saured by thir Security Instrun�nt, I..encfer shull prom�xly refuixl ti� i3�rrower uny
<br /> FunJti heid by L.endcr.lf, unJcr pur�gr�ph 21, lxrxier sh�ll acyuire��r rell the Property,L.erxler. �►rlor ea the ucyuisition or u►le
<br /> of the Propeny, sh�ii�pply wny Fwxis held by I,ender wt the time af ucyuisition or sule++�u crrclu aguinst the sums cecurdd by
<br /> this Security lnstrument.
<br /> 3, AppUqtbn uf PaYmenty.Unless appli��bfe law providcs otherwEse,�II paYnxnts recxivaf My [xncier wxfer pen�gruphx
<br /> 1 x�xi 2 shall be�pplied: first, to any prcpa,yment chrrges due under the Na�to; secorxl�to amcwnts puyable under prr+►graph 2:
<br /> third,to inier�est due: fourth,ta principal due; uncl lasi,to�ny late charges due uixler the Note.
<br /> 4. Chnrges;Liens. Hormwer shall pay all taxcs,sssessnxnts,charges, Cincs anJ imExisitiuns attributable to 1he Property
<br /> which mry atcain priority over �his Security Instrumcnt, and Icusehold �uyments or grouixl rents, if any. Borrower shall pay
<br /> these obligations in the mantxr providai in paragraph 2,or if►xit paid in that manner.Burmwcr shall pay thcm�n time diraYly
<br /> to the penon owed psyment. Borruwer shall promptly furnish to Lendcr all notices oT amounts to be paid under this pr�rngrnph.
<br /> If Borcower makes the,e pt►yments directly,Borrower shall promptly furnish to Lxnder receipts evidencing the payments,
<br /> Borrower shall promptly discharge any lien which has priority over this Security Instrument unless Bc�rruwer: (a)agrces in
<br /> writing to the payment of the cibligation secured by the lien in a manner uccep�able to I.encier;(b)contests in gaxl f�ith the lien
<br /> by, or defends ag�inst enforcement of the lien in, Iegal proceedings which in the Lencler's opiniun operate to prevent the
<br /> entorcenxnt af the lien;or(c)socures from the twlder of[he lien an agrament�utisfactory tu Lender subordinating the lien to
<br /> this Security Instn�nxnt. [f Lender detcrmines that any p+irt of the Property is subj�ct to a licn which may uttrin priority over
<br /> thia Security Instrument, Lender mey give Borrower�notice identifying the lien. Barrower shall satisfy the lien ur take one or
<br /> more of the Actions set fonh above w�thin 10 days of the giving of notice.
<br /> 5, �larud or property Iacurat�ce. Borrower shall keep chr improverr�entc �ow existing or hereaRer erasted on ttu
<br /> ' Property insured�gainst loss by fire, hazards included within the term "eztendod coverage" erd any other hazards, including
<br /> floods or flooding, for which Lerder rcquircs insu��nce.This insurance shall be maintained in the amounts and fos the periods
<br /> that Lenckr roquiros.The insuranc�camer providing du insurAnce shall be chosen by Borrower subject to l.endePs approvd
<br /> •;;�i�;; o�;y': w,•:►,r �^s..�^^���; w!rhF�e�trl., If Rorrower fnils to maintain covernge descr�bod above. Lender may, at Lender's
<br /> option,obtain+coverage to protat f.ender's rights in the Property in accordance with pragreph 7.
<br /> All insurnnce policles and rcnewnls shall be acceptable to Len�ler enci shall include a starxlerd mortgage clAUSe. Lender
<br /> 3ha11 F�ve the right to hotd the policies anci renewals, If l,ender requires,Borrowar shall promptly give to Lender all rcceipts of
<br /> pald prtI11�U1115 LJKI IYIICVV�I IIOIlCC9, In the event of loss, Sorrower shall give prom{x tatice to the insurance cu►rier aixl Les�der.
<br /> t�:..±.�..._.�.»+�.....,r+f nf Inac if nnt mrwie nmmMlv hv�rr�wer.
<br /> Un . ••�--,
<br /> less I.erdtr ar�d BaROw'er atherwise agree in writing,insurance pra;eeds thall be applied to restoraaon or repvr v��nc
<br /> Proptcty durn�ged,if the re.uuration ur reF+air is rconomicnlly fcu9ible ancll..ender's savrity►s ax�t lessened•If the ratontion or
<br /> repair is nM econoinically feasible or Lender's security would be les�nod, the insuranct proc:e<.ds shall be appliod to the sums
<br /> secured by fhis Security Instrument, whethe� or not then due, witfi any excess pt►id to Honower. If Borrower ebrndo� the
<br /> Propeny,or does na ar►swer within 30 days a notic�from Lender that the insurance carrier hos offered to settle a claim, thrn
<br /> I..erder mqy collect the iasurunce procxods. Lrnder may use the procads to repair or rcstorc the Pmperty or to pay sumc
<br /> socured hy shis Security Insttument, whcttxr or not then due.'Che 30�day period will btgin when the notice is given•
<br /> Uiir,as d,er�:and Bc.:::;:cr ath:.:tiris;, :�rx i^ ;:�riting. any appiicahon of proc�eais to principsl stwll not extud or
<br /> postpone the.due date of the monthly payments referceci to in pamgraphs 1 ancl 2 ur change�the a+nount of the p�yments. If
<br /> under puigiaph 21 the Property is acquired by L.ender, Bonower's right to ony ins�nnce policies and proceeds resultin� from
<br /> d�rtu�e tn the property prior to the acquisition shall pass to Ixnder to the extent af the sums secured by this Security Instrument
<br /> immodiately prior to the acquisition.
<br /> �G. (kcuponcy,Preeerv�tion,MatatenAnce and Protection o[the Property; Borrower's I.o�n Applic�tion;Laulwlds.
<br /> Borrower sFwll oocupy, est�blish,and use�he Property as Borrower's principal rcsidence within sixty day�after the exocution af
<br /> this Sccurity Invwment and shall continue to occupy the Property as Horrower's principal resi:lence for at loast one yar.afler
<br /> the date oF occupancy, unl�ss l.ender otherwise agrees in writing, which consent shall nut be unnasonably withheld, or unla;s
<br /> exunuating circvmstances exist which are beyond Borrower's rnntrol, Bormwer shall not deatroy�, damage or impair tha
<br /> Property, allow tbe Pro�xny to detaioratc, or commit waste on the Property. Borrower shall be in default if any forfeiture
<br /> oction or proceeding, whether civil ar criminal, is begun that in Lender's good faith judgment could reSult In'forfeiture of the
<br /> �`►�opr.rty qr ottierwise materially impair the lien creatal by this Socur4ty b►strument or Lender's securiry interest.Bormwec:may
<br /> �ure such a def�ult and reinstate,as providai in paiagruph 18,by causing thc action or procading to be dismissed with a iuling
<br /> 'that, in i.,ender's gaxf faith detertninetiun, precludes forfciture di the Borrowcr's intercst in the Property ox other material
<br /> impairmrnt of thc lim crwted by this Securiry Insttu�r�ne or Lendcr's security�intere,t. Borrower shall also be in dePxult if
<br /> Borrower,during the foun application prc►cess,gave muterially false or inaccurate•infom�ation or statemeots fo i.ender(or fiuled
<br /> to provide[.ender with any material information)in connection with the loan evidenad by ttta Noce,including,but not limited
<br /> , to,reprcsent,;tions concerninQ Borcower's a:cupancy of the Property as a principal residence..l't•this Security Instrument is on a
<br /> leasehold, Borrower shall c�mply with all the provisions of the Iease. It t3orrower acqui�rs fce titic t� tiic Property, thc
<br /> leasehold and thc ft�c tiitc shaU not merge unless I.erxler agrces to the nxrger in writing.
<br /> ?.Protectbn of I.erxaer's Rights in the 1'ropecty.If Borrower fuils to perform the covenants anci agreements contained in
<br /> this Security Instrumeut, or there is a legal proccxYting that may significandy affec:t I,ender's rights in the Property (such as a
<br /> procceding in bankruptcy,probate, for conciemnation or forfciture or to enforce law�s or regulations), tt�en(,4nder roay do anci
<br /> pay for whatevcr is nece:ssary to protect thc value of the Property and L.cnder's rights in tt►c l�ropeny�L,e��t ahlons►naY
<br /> include paying any sums s<xurai by a lien which has prionty +over this Security Instcui�ent, appearing in court, p:�yinY
<br /> reasonablc attcm:;;s' fecs and cntering on the Pmpr,rty to make repeirs. Although C.endcr may take action under this paragraph
<br /> _J'_J"__ �L�..��...1..
<br /> /�LC�R�Gt 4llGJ IIVt I�r�v av�v�w.
<br /> An� mnounts disbursc�cl by Leixier undcr this paragrnph 7 shall becon�e additional debt of Borrowcr securod by tt�is ,
<br /> Securiry Instrunxnt. Unlcss Barrowcr aikl T�ender agree to other�crms of payment,these amouuts shall bcar intcrest from the
<br /> drte of disburscment at the Note rate and shull be payable, with intcrctit, upon notic� from Lencler to Borcowcr roqucuing
<br /> paynMnt.
<br /> 8.Mortgage lnsurance.if Lctxltr rcyuircd nwrtgugc insurancc as u conciition uf malcing the Itwn securcd by this Sec:urity
<br /> Instrument, Borrower shall p�►y thc preroiums rcyuircd to maintain the nwrlgagc in�ur.u�cc in cffect. If, for any rcuson, the
<br /> mortgage insurance cover,�ge rcyuirc,�i by Lender Inpses ur ceases to be in cffcY:t, Burrower shxll pay the prcmiums rcyuired to
<br /> obtuin c�verage subst•rntially eyurvalent to the mortgagc insurance previuusly in effect, at u cost substantially eyuivalent tu tt�
<br /> cost to Burrower of the nwrtguge insurnnce previously iiti effec:t, fni�n an ultemate mongage insurer approved by [.onder, if
<br /> � • , Ppe 2 0l 4 FOftft�28 S��
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