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<br /> The Funds ah�ll be held in nn insiitution whase depusits yre insurod by a falernl ugency: instrumentality, ar enlity
<br /> (including I..ender,if L.etxler is such un institution)or in eny Falerul Home l.oan Bank. l.ender shall upply the Funds to pay the
<br /> Eac:row Itertu, Lender may rat charge Bo:rower for holding and applying the Funcls, annually analyzing thsesc:mw aca►unt,or
<br /> verifyin�the F.�crow Itema,unless L,ender p+y�Borrower interest on thc Fur�is and applicable Isw permits Lender to malce�uch
<br /> r cfuuge. Flowever, L,ender mayreq uirc Ba�mwer to pay a one•time charge for an independent real estate taa rcporting.r•�rvire
<br /> u�ed by Ix�der in connxtlon with this foui, unless applicable law provides othcrwisc. Unless sn agreement ic nwde or
<br /> applicable law roquires interest to Fx paid, L.encier shall not be requirecl to pay Borrower any interest ur earnings on the Funds.
<br /> Borrower atxl Lender m�y Y�ra in writing, howevcr, thnt intercst shall he peid on the Funcls. l.ender shall give to Borrower,
<br /> without charge, an annu�l occounting uf the Funds, ahowing crcdits �nd debits to the Funds and the purpose for which each
<br /> debit to the Funds was rrwclt.The Funds are plalgai as addilionel socurity f'or all sums secured by this Secuti(y Instrument.
<br /> If the Funds held by Lender excood the uncwnts penr►itted to be held by applicable law, Lender shall eccount to Borrower
<br /> for the excesa Furde in aao�dance with the requiroments of applicable law. If the amount of the Funds held by Lender at any
<br /> time is not sufficient to pay the Lscrow ltems when due,Lender may so notify Borrower in writing, and, in such ca�e Borrower
<br /> shall pay ta Lender the unount neoessary to make up the deficiency. Borrawer shall make up the deficiency in ra more than
<br /> twelve monthly paymeqts,at Lender's sole discrction.
<br /> Upan payment in full of•ull sums socurod by this Security Instnin►cnt, Lcnder shall promptly refund to Borrower eny
<br /> Fund�held by l,ender. If, under paragraph 21,L.ender shall acquirc or sell the Propert,y,Leixier,prior to thc aCquis9tion ur sale
<br /> of the Property, sFwU apply any Funds held by Lcnder At the time of acyuisition or sAle as a crodit against the �ums secured by
<br /> this Securiry Instrument.
<br /> ' 3.Appllc�tion ot Pay�aents.Uniess npplirn6le law provides otherwisc,alt puyrrnnts rxeived by Lender under paragnphs
<br /> � . 1 aMi 2 shall ba epplied: first, to aa�y prcpt►yment charges due under tt�Note; second, to�mounts pay�ble under puagraph 2;
<br /> � third,ta interesl due;fourth,to principal due;and l�.st,to any late charges ilue under the Note.
<br /> '4.Char�es;Lkns. Borrower shall pay alt taxes,assessments,charges, flnes and impositions attribut�ble to the Property
<br /> which.may attain priority over this Security Instrument, and leasehold paymcnts or ground rents, if any. 9arrower shxll pay
<br /> �hese r►F►ligations in the menner provided in�aragreph 2,or if not paid in that manner,Borrower shaU pey thert�on time din;ctly
<br /> to the person oM-ed payttxnt. Horrower shall promptly fumish to I..ender all notices of amounts to be paid under this pacagraph.
<br /> lf Borrower makes t1KSe payments diroctly;Aarnower stWl promQtly fumish to 1.COder rcceipts evidencing the payments.
<br /> . Horrower shall promptty discharge any licn which has prionty over�.this Securiry instcument unless Borrower: (a)agc+ecs in
<br /> writi�►g to the payment of thc obligation sccured by the lien in a manner�acccptable to Lender; (b)contests in good faith the lien
<br /> by;.o� defudt agunst enforcemtnt af tha,'lien in, legal proceedings•which in tho'Lencier's opinion oper�te td�provent the
<br /> enforcement of the lien;or(o),securrs from the holder of the lien an agreement sati?ifactory to Lender subordinating the lien to
<br /> • this Secvrity Instrument. I.:.cnd'er determ)nes that any part of the Properfy is subject to a lion which may attain priorit,oeer
<br /> this Security Instrumait, L.e�er may give Borrower a notia identifying the lien.Borrower shall satisfy the lien or talce one or
<br /> mom of the ac�iona set forth abov�within IO days of the giving of notice.
<br /> �S. Ha�ard �+r Propaty Loeunnee. Horrower shall keep the improvemcnts now existin� or herdQer erccsed on the
<br /> �openy ;�roa a���ac io�by r�, h+�rds included within the term "extended coverage" and u�y other frzud:, including
<br /> floods or flooding,for which L�w�tfer roquiees insurance.This insurance shall be maintuned in tht amounts md for the puiodw
<br /> • that fincfer rec�iirirx. 71ie in�urance carrier nmvidino the ine��rrnce xhep he ch�cen F�y Rmm�wer whject tq Itnder'n annmval�
<br /> which ahdl not be unr+aaonably withheld. If Borrower falls to maintain rnverage descritxd sbove, L.enda may, u I.erder's�:
<br /> option.obfain coven�e W protect Leoder's ri¢hts in the Pr�operty in accordar�ce with para�r�ph 7. .
<br /> All inwnooe policies onc!renewals slWl be�pta ble to Lender end shall include 4 stu�dard mortgqe clauee. La�der
<br /> �11 h�ve the riftht to tald tho policiea and renewds. If Letxfer requires,Borrower sh�ll P���Y Bive to Lader all teooipl�of
<br /> paid pnntriums xnd roncw�l notias.in the event of loss,Borrower shall give prompt notice to the insuranee arrier wMi i.erder.
<br /> I�a�da•may mike proof of loss if not made promply by Borrower.
<br /> . Unleas L,a�der sud Borrower otherwise�groe in writing, insu�ance proceeds shalt be�plied to rertoration or rep�ir of�he..
<br /> Property d�ed.if tae reatoration or ce�ai�i�oconomically�sible and Lender's secvrity ia not les�er�ed.lt the ne�tor�tbn w•
<br /> reqir it not eootwmicdly faeibl�or I.ader'a security would be lacxned, the insuranoe prooeoda iFWI be�ppliod w the wme
<br /> �ea�rod by Htie Security Inurument, wbaher ur �at then due, wilh any exaas paid 10 Borrower. If Hortowet abMdo�a die
<br /> �rapaty,ar das:not arower within 30 days a notioe from Lender thu the insunnce camu hat offerod to�ettle a claim. dia�
<br /> L.ender n�y oollax the inwnnce proceeds. L,ender m�y uee the proceods to repair or natoro the Propaty or to pty wuu
<br /> recuiod by thu Scc'urity imttunwnt,whdher or na then due.'Ibe 30-dpy.:period will be�in wha�the rotiee it(ivm. � :
<br /> Unlais L�encl+er•�od Borrowa athet�vise �gree in wriGng, any appliation of prooeeds w princeM� ±Iutl not exta�d ot"
<br /> P�P���� ��,��Y P�Y�� nferred to in parsgraphs 1 and 2 ar ctw�ge the amounc af the p�ymart�, I�
<br /> ueder par�raph 21 d�e Propetty i��oquirod by L.a�der,Borrowcr'e right to any insurxna policies and proaeda rcsultirt�trom
<br /> dam�e w t6e�y prior to�the acquisitia►shall pase to l:ender to the txtent of the surns securod by this Security Ituttumer�t
<br /> irtuaediately pdor to thc�cquuition. .
<br /> f.Oa�p�cy,Pre�rvWoo,Malnten�ce aod Protectlon ot d�e.�'roPatY;Borrowa'�Lo�n AppUation;I.ea�alds.
<br /> Bormau ah�ll ocwpy,atablich,and use the Property u Borrower's pdnciprl reaidence within sixty dayt�(ter tho ezecution of
<br /> thia Security Lntrwnent ud shdl oontinue to occvPY �p��Y���'rower's principal recidenoe for ai least ork yar aRer
<br /> the date of oc�ncy. unla�[.ade�otFierwiae agroes in writing, which cunsent shell not be unreasonably withheld.or unlas
<br /> eztenuatin� circumatenees exist which rre beyond �orrower's oontml, Borrower shdl not deatroy, diunage or imp�ir the
<br /> Proppty, allow��heprop�t to deteriorate. or commit waste on the Property. Hornower shdl be in defiwlt if any forFeitut+e
<br /> action�r proar�ting, wfiet yher civil or crimiml, is begun tlut in L.endFr'9 good fsith judgmrnt could result in forfeitun of the
<br /> Prvperty or odlprwise rtuterially imp�ir the lien creued by this Socudty Instcuma�t or L.ende�'�securiry intaeat.Borrower mty�• .
<br /> cure such a default�nd roinatate.aa provided in paragraph 18, by cwsing the action or prooeeding to be dismissed with i ruling
<br /> that, in Lender's�good tajt6�:detcrmirution. precludes forfeiturc of the Borrower's intereat in the Praperty or otlxr muerial
<br /> imp�irment of the lien created by this 5a.�urity Insucument or Lender's aa.�urity intereat. Horrower stull �Iso be in defiult if
<br /> Horrower,during the Iwn application process,gave materially false or.insccurate infornution or statemrnts lo Lender(or failed
<br /> to provide Lender with�np r�uuerial infomuuion)in connection with the lo�►evidenced by the Note;�including, but not limited ,
<br /> to, roptesentatioliY ooncemip,�Horrciwer's occupancy of�he PmpahY:'as a prineip�l reaida�ce.Yf this Security lastrumeot ia on A.
<br /> �embbtiW, Bon�owa aholl comply with wll �he provisions of the:let�sc. if Borrower acquires fee tiNe to thc Property, the
<br /> leasphuld encl the fee title shall not mcrge unlcss L.cndcr agrces to thc mergcr in writing.
<br /> 7.Protectloo o[I.endtr'e R{gMa in tM+e Prnperty.If Borrower fails to�f'orr�the covenants und egraments contained in '
<br /> this Security ]nstrument,or thero is A legal procooding ttwt may significantly affxt Lender's rights in the Propeny (such as u .
<br /> proceeding in bt�nkruptcy, prob�te, for condcmnxtion or forfeiture or to enforce laws or regulations),then Lender msy do and
<br /> Qay for whatever is r��essary to protect the value of the Property and Lender's rights in tF►e Property. [.ender's sctions may
<br /> �nclude paying any sums socured by a lien which h�s prionty over this Security Instrument, appearing in murt, paying
<br /> .,..�.,.�.7,�..m��.,.�.��' fwNe ae�cl�ntwrino nn thn Rn�rrtv tn m�{ce n!tty(tc.Althnuvh Letder tnav talte actiort u�er this drlIIlaoh
<br /> ---------------+- ---------------� -°------�---� -- ---- - -. „
<br /> 7, Lcnder dnes not have to do so. •
<br /> Any nmounts disbursod t+y Lender ander this puagrnph 7 shall become rdditional debt of Borrower �ocured by thia
<br /> Security Instrument. Unless Borrower and Lender�gra to other terms of peyment, thcee xmounts shall beu intercst from the
<br /> date of disbursement at the Note ate xnd sh�ll be payable, with intere.vt, upon notia irom I.ender to Bomower requeeting
<br /> paYment.
<br /> S.Matg�e laeur�u��e.If L.ender requiroci mong�ge insurance as�,condition of nwlcing the ioan securai by this Savrity
<br /> Instrument, Borrower stull pay the promiuma requircd to mainuun the mortgege insunu�cc m effoct. If, for any raeon, the
<br /> mongage insuriu�ce cwverage roquircd by L.ender I�pses or oeasea to be in effoct,Hotrower sh�ll pay�he praniums requirod to
<br /> obtain cuvera�e�ubstantidly equivalent to the mortgage insurance previous�y in effect,ot�cost suMtnnntially equiv�lent W the
<br /> cost to Bomower of the mortgage insuranoe previously in effert, from an altemate murtg�ge inaurer ppprovod by Leoder. If
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