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<br />-.}�`%_r�;;�l�='%•: agency � �-��G';
<br /> :, z•�,^�:'t�-:.�: 14te Fuads s6aU be hrdd in an it�stimtion wttuse deposits axe io.4ated by a fedeta! � P ,
<br /> ° (iacIuding Leuder.lf'lead�is sash an imstituttoa)or en any C�ederal Nome Laaa Ban�.I.eades�aPP�Y the�unds to Qay the ;,;'�s�;�
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<br /> . . Fscmw items.Lendu may not ct�arge Borcuwer for hot�ing mmd appIying.the Fuads..anna�Ily a�alyzing the escsow a000wu.or �,,: �
<br /> >� •�`,`.' v�rifjving the Fscmw Ite�ns.unless Lender pays$orrower irtet�est on t6e Fands andapplic�6le!aw permies l.andet to matce such .-
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<br /> 4 ':e� i ` � a chaige.•I{owever.�t¢er ma3►tequine S�rOwes to pay e or•atitae cha�ge for an indepe,�deut mai euate tax ceporting scr�ece K.-,-
<br /> � �<<.� ��,. ¢s�! by.Le�der in v�t�oa a i t h t h i s l oan. u n iess app l i c a b l e l a w p m v i d e s o t t c�w i s e. Unless an a g r c e�e nt �s made � � ���,
<br /> applica6ie Iaw�equire�int�rest to be paid.i.eadec shatb not be required to pay Bomow�er aay iuterest or eutungs on We Funds.
<br /> ``-'.��`�`�`:;, B n n u w e r a ra t L e n d e r m a y a g r e e i n w ri t�n g.h o w c v E r.t h a t i n t e re s t s h a l l b e p a€d oa t�e Fwxis. Leader st�all give ta Borrower. �.,�--_:
<br /> H, Y�• witliout cimsge. an annua!avoouuting of tde Fuads.showing credits aud debits to the Fnnds and the purpose for wWch each s r �
<br /> _,,n;;k. : debit to ehe Funds was amde.'The Funds are pledged as addi6ana!security for aU swas§ectued by this Seauity I�trtuneat. `�� '-
<br /> - � ' If ttte F�s held by Leed�exoeed the ataounts p e c m i u e d to 6e d e i d by app li c a b le l aw.L e g d er s h a l!a c e o u n t t o B o t ro w e r �. �
<br /> `��•`` `'"� `'..; far ttte excess Fuads in aooa�with the requirements of applicable law. If the amo�mt of the Funds heid isy Lender ai aay
<br /> �•�: ;:
<br /> � ��k time is not suffcci�t to pay the Fscrow Itmis when due.Leader may so notify Borrower in writing.and.ir►snch case Borrower f
<br /> , �, , shali Pay to J.ender the amount ne�sasy to malce ap ti�e deficieacy.Borrower shall make up the defic►ency in no mam tban ��
<br /> � � �. tweive mondilY DaYme�ts-at I�ender's sole disccetion. `
<br /> Upon payment in�utt of all sums seiured by tbis SecaricY �m�a�t• Lender shallpromptiy refimd ta 8orrower aay �•
<br /> �. T, ': Funds Fteid 6y L�C I��nder paragraph 2!.Lender shaIl aa�tire or selt We Pm�erty,I.ender.pnar w the acqaisition or sale r i
<br /> > `� , � � of the Pioperty.sbali appiy any Funds he2d by L,eader at the tiune of acquisition or sale as a credit against the sums secured b3+ �F�`
<br /> >�;, `,� t, ,5 x� this Ser�tity InstruiueAt. • �ived by Leader under hs �
<br /> � : 3.AppHration of�iym�ts.Unless app1icable law proaides othervvise,atI pay�ents F�P �`
<br /> � �Lt` �;- 1 an�2 sl�atl 6e applled: firat.to anY F�Y��es due under the Nots;second.to anto�mu Payabte undec F�e�Db 2� Yr µ
<br /> s � �r thitd.to interest dae:fnurtL.tn principal due:and tast.to auy fate d�azges due undec tIte Note. _
<br /> - ;l,s:'�4;,�`�;,: .4.C6a�I.3�ea4. Homnwer shal!pay all taxes,assessmeats,cha�ges. fines and impasitions athibutabte to tlie Pmpe�ty ..�.:_
<br /> ,. f.� wluch.may attain priority over tUis Secutity Insuumem,and teasehold paymems or ground rerrts. if anY. 8orrower slydtl pay - '
<br /> ,,.;,--
<br /> '�r:a-,�::T.K�.,i;:�_ Wese abligations io tke marmer provided'm paragraph 2,or if not paid in that mauuer.Boirowes shall pay them on time directly • � ,,�_�
<br /> _" - t o t h e p e r s o n o w e d p a y m e n t.A o x r o w e r s h a li pro m p t l y furn'ssh w L,ender all cno�s of amounts to be paid under[his paragcap6. :,;:-;•:.
<br /> � 't ��,•x. If Borcower makea these�yments dit+ecdy.BorrowEe shall promptiy furaish ta�uder t+eceipis evid�e�nBolsnw�e.r.�ta)agrees in . . ' ;
<br /> � = Borrower shall ptomptiy dischatge any tieu whic6 has�riacily over this S��y.In�
<br /> ,�� <. w r i t i n g t o t l i e g a y m e n t o f t h e o b l i g a t i o n s e c u r e d b y W e l i e n i n a u�n e r x+o-�der.(6)contests in good faitb the lien � _
<br /> �-t� (sy;ar defeads against�foroement of tlie lien in, legal prooee�ings ��the Les�d�i'-s opbuon opetate to pre�as.the � -
<br /> - ���'�' enforcetinent of the lien;or(c)secures frorn the hoIder of the Iien an agreemeas s�tis�toiY ta Le,nder subbrdinadng.tt�a k�t�to -___
<br /> -.t.�•:;`�`: � . this Bewtiry Ins�t. If Lender determines ttiat aay pact of the Property ns sn�3ect•ta a ken whic�may attain prioritya over `==
<br /> j<-.r:.`.� v fying the�.Eorrower shall satisfY the lien or take one or• . � :
<br /> . tbis Sec�ity.ynsuumem. LRUder may gi e Bomawer a aodce ideari . _-
<br /> more of the actions set faNt above wiU�in 10 days of the giving of nori�. • "�' '
<br /> :c`' ; 5. N,azard or Properiy Insma�e. Bortnwer shall keep We impmvements now ex�sting or heira$er aected cnt the .`�3-
<br /> (c-:;=.r ,:.: p�p�y�SU�!��inst Wss by fire.hararda included•wtthin.the tam "exteade8 wverage"and aay other hazasds.incaud,i�$ `�.` _ --
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<br /> : ,,:,:,.�,,-."�:: . tlonds or ftaoding,for whi�h Iandec�insurance.'li�is insarance shall be m�intained in the ammmts ar�for.�s�i'dtts
<br /> >`�.'r= .�:,�,zrr�•. that Lender�eqai�es.'fhe inswance�sreer Providiug the insura�ace shall be�n by Bomnwer subjecc 3�i Lend�r's apprdval': _:.,=`::.� -
<br /> = •r-•` �`° which shall not 6e naceasoaa6ly wishhe2d. If Sotrower faits w maintain caverage descri6e��abov�, I.eader may. at t:eadet's �..;;�".
<br /> '�,t.:;: ..;- ..:. . _ _
<br /> f '' �� �';: aptian.obtain cavecage to protert Lender's rigbts in the tst aaordance with p�7. `' °'°
<br /> ;;.,��, F�' , pu.iasurame policies and renewals shall be acceptab e to ixnder and�shall include a.standard mortgage clause. Lender ���:�
<br /> .•r.•:--,��. , .:�:`. .s6ail ha�a�e right to hold the policies aad mnew�ls.If i.eader requires,Horroarer shaU•PrainptlY pive w Lemder a11 r�ei�ta of _
<br /> �l'�` `� � � paid pz�ivms and renewal uotices.Ls the evenY of toss.Borcower sha!!give grompt aotice to the ussw�nce carrier and�nder. � �-
<br /> ;�;. i.ender a i a y make p r o o f af loss if not made pmmptty by'Borrower. .�. --
<br /> �,,.•. :,�,,,:�-.W� • _
<br />. ..� ::: . ,.., i�.~� Ualess l.endei and Borrower otherarise agr+ee in writing.wsurance p t o o e e d s s l�a ll b e app li e d to i e s w r a t i o n o r r e p a i r o f t h e �: � _—
<br /> ', ;. ��...�;:. ��r; pnn�feit��c�a�aged.if tiis ie.ctomtion or repair is econamira�ly feasibteand L�ertder's secarity is not tessened.lf the resw�ion ur � ___-. -
<br /> , �4' repair is rmt ecanoaucaliy feasi�le oY Lender's security woWd be tessened.We iasu�ance proc�eeds shall be applied w��sums` ---
<br /> �. �, .� secur�d by this Security Instrument, whettter or not then dae,with any exress paid t4 Borrower. If Borrower aband�anS the .
<br /> .:�.�s;;.:;`:;�.>. ` PsaPertY,or.does aot an�wer within 30 days a notice from I.ender that the insurauce carriet has offered to sextte a ctaz�ii.then -
<br /> ,� ., y ,�- 'i.eadet,may�oflect.the insuiance pmceeds.'Lezfder may use the proce�s�w repair oi reswr�the Propeity or to pa�i su}t�s ,
<br /> s .
<br /> ,�,.:`-°.,-;_;, �� - se+c�ueii by ahis�Securlty In�rt+whether or not tlten due.The 3U�day Period anll begin whep the notice Is giveo. . .
<br /> =��� LTnl�ss i.ender and Borrower athetHrise agree in wri�S, any applic;atioa of proceeds to pn�ctpal_shari aot exteud oT
<br /> -�°-,•�� Post�or�;fi�a clue date of the momhTy paymeMs referred u��in paiagrapbs 1 aud 2 ar d�e the a�of the payma�ats:-If, �
<br /> � -�� . ` ,�; Lender, Barrower's ri t w an insaraace . icies•an4 pruceeds resaIt�.' #cpm
<br /> � ,_a�. � under�ph 2I the Prayeccy �ua9�ired'bY � y �� � �� �� , .
<br /> `�-� ' dunage ta she Propeny�or ta the�cqi�lslnon sha]!yass W Ixader'to the extent of the st�ms secured by tlus Security Ins�aule , . ,
<br /> z�� � � immediatety Priacto r,acqu�sidon. � . . • � .
<br /> �r��.�_� .� 6.U�ricy,�pt�ervattoa,Maintenanee aa8 P�otectiaa af the�ropert9;Bomower's t,oan AppltmtEon.I.�asehatds.: ,;�
<br /> = Eonowes sl�ai!oocupy,�Iish.and use the Prope�ty�s Bonower's principat residence withiss sixty,days�fter the ex�oa of
<br /> --`�':':�s��,-,� . � this Security Instn�ment und shatt oontume to ascupy the Propetty a�Boriower's ptlncipal residence for at teast one y�st'a,ttex ' - -
<br /> r'�-`e �. . . . the date of occu�ancY,unless Lender otherwise agrees in writfing, which consent aha1l aot be un�asonably withhetd,����iESs
<br /> y:_ � , _
<br /> -.�.� �ttn8dns•qtcC�mst�c�s exist which are heyond$orrower's�control. Borrower sda}t not destmy. dar�e or.i�f: e
<br /> "�����: � '�D�Y,attow the ProaeRl► to deteriorate.or commit waste on tbe Property. Soirower ahal}be in¢ef,aWt if aay fdrfeitare �
<br /> ;i�s �,�, ,• . sc,tiion ot proc�eding,wft�hes civil Qt criminal.is begun that in d.snder's gaod faith judgmcnt cbutd res�t�in fort'eitote o��e
<br /> ; �`.. pmper�y,pr otherauise mate'isily impair the lien ec�ated by tbis 5eeurity lnmument or Lender's seeuriry��Yteres�Bacmw�r may _
<br /> '` nsre�a�.a de�'antt and seinstate,as provided ln paragcaph 18.bjr causing the attion oi Pmceedin8 to ba dismisse�.witt�a tuting -_
<br /> ', •��� � that. aa�:t�nde*'s good £eith deterrtvnation. precludes fodeiw�ne.:o£the Borrower's ince�,xs'in the Praperty o�otLe�:aaaterial -.--
<br /> ... °�.,,::'�.�� � ;,imp3:i+�rnt of the lien creaced.by.chis Secu d t y Instnunent c�a:�n de�'s soc.�dty.inter��.�xower shall also be ie+��fault if -
<br /> -- Borrpsver,during the toaa applicatton pmcess.gave matedail��fa�se or.inaccu�ato infort�i�or stase�nennta w Lender(or failcd
<br /> , '� , .•�. . to provide Lender with any material information)in connertim#with the t.a�xs►�srTd�nc���r.the Note.inclu ' but not ilmited� �.
<br /> :� to.�epresen�atloas conceming Borrawer's oaa�pancy of the Pcoperty as a�.*s�l resicL�uce.If this Sep�1� ment is on a . . _ ,.
<br /> "� ,�� ' t�2d. Sotmwer shall comply,with alt the stons uf the IeASe. Yfr',�ozrowe�' auguirea fee;tiite.ta t�e . the �
<br /> � �+�S�R�n. : • ..
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<br /> � I�T�,and the fee tltte sNal l.not merge u n less L en d e r a�re e s to t h e m e r g e r i n w r i t i n g: �.� .
<br /> •� ` " 9:Proted#on o!Lender's Rights in the Penpeety.If Borrower faits to pecform the covenants aad ents wntained in _
<br /> d
<br /> r,'..• ' ,!�.�� this Serurlty Iast�umeftt.or there is a tegei PraceedinS that may slgniScantly affect l.ender's tighta i� e�IIrnperty(such as a_ �,��_
<br /> °: .�.,:;•�•:�:� pmcee�ing in baatauptcy,probate. for oondeumatton or forfeiture or to eufarce Iaws or regulationv),then Lender m�Y do.and � -
<br /> pay for whateve�is necessary to pmtect tt►e vatue of the Propertyr and 1�ndcr's ri8hts in the Property. l.ender's a�iotiss may � :
<br /> � :: �` �._'; inctade paying any sums secused�.by a Iten which hag priority over Wis Securlty InShumeat. appearing in.court. paYing � „h._.
<br /> teaso n a b ie suo r i ieys'fees a n d e n t e r i n g o a t h e P ro p e r t y't o rn a ke r e p a irs.Altho u g b Lendet may tslie$ctioa uucter t6is patagraph _
<br /> :'�":.::;�.:''?-;`%:+�. 7.L en der does not i�ve tn do so. � . �=
<br /> �° ` � __:: . Any amouncs disbursad by l.ender under this paragra�h .?.sUall b�come additional debt of Borrower secvred by thls � :r
<br /> .�.., � 5ecuslty Insuument.U n less 8 orrower an d L e n d e r a g�t o o t h e r c e ro n s o f p a y m e nt.these asnounta ahaq bear interest from the
<br /> _.;, �,, �-. date of disbursement at �he Note rate snd ehalt 6e paya61e. with inter�st, upon natice from Lendcr to Bosrower requestin . �:-
<br /> '•�_'<�'";-:� - :,� . � �:'�"
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<br /> ' : „`, ,: p y 8�Mostgage lasusance.li Lender required mortgage insurance as a ca�on of ni�cing the loan secui�ed by'this$ecuri�v� ;
<br /> - Iastnunent, Botrswer shaU pay the premlums re�uirod to maintatn tl�e mnrtgage insuranoe in efPect. IP. fat aay reason. the . � .:.
<br /> � r•.�..: ' mortgage insurance ooYerage rWuired by l:ender�apses or cea�es to be in effect. Borrower shatl p We premIums.�equired to .
<br /> ' ''' obtaln coverage substantiaity equivalent to the mort�e insurance pnevEausly in effect.at a cost�staatially eqnivalent to the
<br /> - .' cost to 8om►wer.of ths muttgege}ftsu�encc�Cr.�ssty ia e!'fect.fmsn an atie�nai�matt�ge incurer spproved by Lendts. If
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