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<br /> ;�:: ',.•.:�^.,.`�� The Fands s5al1 be 6eW ta an institudon whose�ostts are iasur� by a federa! agency�i ity. or eutiry
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<br /> Ny" _°, . �:��. (inela¢ing Letut�r,tf E.ender is snch an�nCtitudoa)or in aay Foderai Hame I�an Bank.Ixnder shatl apply die Fands to pay tha -_.
<br /> =�''�_:�;�:�t:��: � Escro3v Items.l.�nde=may nat c6arge B�rrower for hotding aud appiyiag the Funds.ammallY an�tyzing the esc�ow sowunt.or
<br /> ;,���`�.,.``,,�. . v e r l�r i n g t h e g s c ro w I t�.u n l e s s t:e n d e r p a y s B u r r o w e r i n t e c�t o n t h e F u z t d s a a d a p p k c a b le law p e c m i t s L�cades to a�alce such ��:.
<br /> :. `' <:,...`''`r=` . a dwrgc.Hattre�rer.I,e�er may requlre Boerawer ro pay a oae-time�a�ge gvr an ui d e p e ndeat real.estate tax��porting seivioe ,�.
<br /> `'`.``��;';,;°�•` e�.u�d by l.�ader �t►conne�xion wlth tIus ta3a. oniess applirable law proluIdes oth�raris�. Ualess an agreem�tt �s made or �
<br /> `' `�'L` � �`� appl�ca6le law requires interest w be paid,r t,ender slraIl nat be tequiited w pay Borrower any interest or camings oa tfte Funda. g.
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<br /> .`' .-. ".�"' in aei howeres.tLat i�s5atf be pacd un the Funds. I.�der shal!give tn Sonower. -=
<br />':`f'-,.,F:._;.'.k�"; BOt[OWCf 8!!d I.CRdCi T[�3y a$CCC� �$. _
<br /> -4..z�.° ''� without dtatge. aa ana�al.acoour�tItig of the Fuadg. showiog credits add debits to the Funds aad We purpase for w6ich each '�
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<br /> � � '���% debit to the.�un8s aras made.The Fnads ar�e plectged as edditionai sea�riry for aU sums s�cuned by this Secuiity lnsaumeat. �`
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<br /> � . e � if the Funds hetd by Lender exceed tfse amouats pem�liue,d w be hetd isyapplicabte taw.I.e�er st�ll awouaR to Horrower :
<br /> for ttte eacess Fuads ia s�oordastce aith the r���quiteanents of applicabte taw. If the aarount of the Funds held by Leader at a�ry �
<br /> v.`-���'.�� time is aut su�ciem to pa}r the Fscraw Itetas �ea due.l�eadet may so aotify Borc�wer in writing.aad,in a�nsh case Bortowei �
<br /> c,- z_i�.';;: sLall pay w Lender die aawunt a�ry► to maice up the deficiea�+.Bomawer shaU make up the deficiency in ao more t L a a �'.
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<br /> �.: F -��`,: twetye moniLIY Paya�eaa•at Lender's sote discretion. �
<br /> ..� :.4 .., r �r aJpoa payment ia full af all snnu sec�ued 6y this S�cxuity Instrument, Leaider shali pmtmptly refuad�o Borrower anyr _
<br /> -�+,::`•'"�~:-.~:� Fdi�s 6eld by Leader.If,anderpa�p h 2i.I.ea�er sis�at!aoquire or seU the Pmpe�tyr.I�eader:PsInr to the acguisitios�or sale =
<br /> �''"-�-� '`�' Fimd hei$Dy i.aider at tlte dme af aa or sate as a credit agr�the sums secvs+e$bY -
<br /> ._;,�, .: ._T of the Propeity.sBalt apPt�►anY �1°1� _
<br /> ' � + :� thia Seauity tastrumeat.
<br /> �: g�,:,�,.� . � 3.�pplisatfoa oY��s:Ux�t�s agplicable'law pravides othe�ra+tse,all paymeats reaeived bp lender andet Qaragraplis i
<br /> � „ �k ,` 1 and 2 sha11 be applied• tst,to�aaY P�Y���due ander the Nore:seoond.w aznoaa�payable under parag�aph Z;. �._
<br /> ' f��<' - Wird.to intetest du�founh,�to Prindpal dae;a�td tast,w any late charges due under the Note. • .,
<br />=:::::�,;,:;�i�;.:` 4.Charges;L#eus.Bomnwea shaU pay�all taxes.asse�IIts.drar8es.fines snd imgositioas aua'bnrable to the Property �.::
<br /> � �arhich may aVaa�priosity over this Security InsOrmmem.and leasehotd payu�eats or groaad rents.if any.Barrower�al1.�aY ,��-`
<br /> - -.�•`. these obligations w tLe manner pmvi�ded in pazagrapb 2.or if ttot paid'm that manner,Sarmwer shaU pay them on ti�"�tii�axiy �
<br /> ��- ' _:;;;�. to the pecsotr owed payzaenL Boicower shall promptty furnish to Lender aii c�as�of aznnmits to be paid uader this p�a�a,ph: - .:�'_'.
<br /> � �' If Borrowes ma�sesc�z�+J►menis di�+ectiy,Bomower shatl Pt'omPt3y fm�rtista to�.ende.r cvcda�ng tbe PaYmeac�. � �;.:
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<br /> ` ����.P��Y��e any tien wtrich has priority over tltis Se�vrity I��nt ualess Borrower:(a)agraES in #�.,
<br /> `.`�fl �-,, wrItiqg�ttt��of.ihe obiig�4n sec�red 1sy.the lien ia a mamnea a�te w Le�dder_;(�)co�ests m gaod�tbe lien �-`
<br /> ,�, �r�,�,� „�� by.oz;d�fends s��.+af the�en 9n. legal �rooeedings w ia the 3�e�s opisuon op�ate w p�'enE the .`
<br /> • �f,._ ��;- �of the ta�.oi(c)secmes fmm the hols�r of the iien an ageement sarisfactoiy�'o Lender an6ordinating tfre 3ien to �r,
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<br /> ; :;��:: . .• .ihis�.iIIStiu�:It Lepdar determiaes tb�i�uy part of t6e prnpert1/is subiecE ta a tien afiich may auain priority wer ,. , _
<br /> �_.r.:.. this�Ia�mn"teni,I�ader.qaa�!give Bnrruwer a nutice idendfyjng the lcen.Bomuwer shatl satisfy the G�or�takc one or
<br /> - more a f�!e actions set f o n h a b ove an t h i u.�0 d a�►s af the g i v i ng of nodce. _-
<br /> - � . , �y Tnsofatto� Borrower sball � t�te ia� eaistirtg as her�aftet�e�ed ou the.
<br /> . �`�c � r`� p�pPe�tY insv�ed.agaiust�osC t►Y�fire•haraNs included within me term esteQded:cave�age"and aay other hazazds,inc�nd'wg '
<br /> °�'`:�'';�r',-. Qoods ar tIoa�n ,for wtilcb I�ender mqui�es Losutance:THts k�araace stiall bs maintained in tJte amounts and for tbe perFads
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<br />-`�,,�;'.�•::";::�:� : �. �tdat 1.ender �.The ins�ttauoe prtfer' rovIdtng t�e insutaace shall tre chosen by Ha:rawersnbject to Leader s approvai .
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<br />,.;,:�::;,.y:::. . aDich.stiaal!noc be nnreasanalriy withhe2d..If�otrower�fails w maiatain ca descn'bed abgve. [Rnder�ray.at Ll�e�ader's
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<br /> �.,:°.';:,, •_.,: . optEoa.abtain cxiverage to p�ooect I:ender's dghts Ia the�petty in a�eopdance th parag�h 7.
<br /> �_�.;,;��;t., • Alt Insutance pollc�es aad renewata shall beac�ta'bJe co l.ender and sha11 iac(ude a stendard murtgage�ctause.i.ender
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<br />:��;,....,;�-.�;;.-; ahall hava_the right to hotd thepolicfes antl renewals.If Leader requires,Bormwer sdall pmmptiy giva so txnder a11 teceipW of .
<br />;_,.�.-: ��.:.<,:�.. : paid�iums a�M renewal notFcea.Tn the eveat o!toss,$arrower shall g►ve pmmpt notice to the insurance car�er and Lendea. . .
<br /> � :- ` '` . 3.euder may mak,e praof of toss if aor arade pro�p�y by Bormwer. ,
<br /> , ` :� � Uatess Lenda and Eonowes othenvisea�- �n wrlting.inswanae yroc�eeds sLaU he appllod.w restoratIo�or repair of tliee
<br />`,-�:,.;'�.:�;; �COperry damaged.if the restoration or repair is eoono�ic�lty fasible and I.euder's security is not Fessened.If the res�oiatioa os. .
<br /> �.,���;,;� `;�`° � is not eoonorn�calty feasibie or Lender'a secarity wovid be lessen�d.the itigurance prnceeds_shalt 6e applied w the sum3
<br /> '� �.: . s�ed by tUis Secauitg Instmmeat.whetfaea�or not thea due,with�y cacess paid to Borrower. If Sormwer abandous the -
<br /> ',:�, �,'., persperty,or daes not answer withia 30 days a notice from Lender t6at the iasurance catrter bas offered to settte a ctaim,�then• . �
<br /> ��y;°, zi �I.�nder roay coltect the iasuraaoe proceeds.Lender may use the pmc�eds w r�sir or reswne the Property or w p�y sums. .
<br /> �.,.��, � sea�red by�is 5ecoriry Iasfro.ment;whether ar not thea due.1'he SO�day peiiod anU 6egin wLen�e nodce ia gtven.
<br /> --_°=::�«;��� `= UWess Lender and Baimwer otherwise agrce in writing,anY aPDlic�tion of proceeds tq Principal.s6ai1 not extead os �
<br />---�� �-_-- • Fostper�the due date af the munshty payments Rferrod W in�ara ha 1 and 2 or c6suge the mnonnt of the gaymenfs.•�f
<br /> - -- umter�p 21 the Proge�ty ag�oquired 4y I�der,Boirowe�t's�m mry insmmrre.�llcies attd pnoce�ds r�4g�from
<br /> .,��� .�:;..;� .. dama�e to tha P�vperty prlbr tu�e�cqi�sidon shaU pass w 3x�to tbe extem of tha sums sea�red by this 5ewrity Im�rt .
<br /> �� iauaediately Prior t� 'ohe aaNisittan. ,. . . . , � .
<br /> -�:��.� 6.t�e9. l�ilainte�ni�aad Prbte�tit�aP We P�o�rectyi Borrowe�s l,oan Appl�Cetlon,t�.
<br /> -- �• Bo��sl�ali accapY��,c�and use the Pmperty as BohnWer'�prfncipal rPSide,nce wlthin sUcty days aRer the exxcatlon af �` �
<br /> --� .this S�nrity Iastrament and sFt�E��ontume to occapy the Ptup�etiy as HorFower's principal resWence for at least o�e yra*o�ter
<br /> `�« �� . .'the date�of accvpancy.vn�eSs�eader otAerwlse agrees tn wiit3a�g,wUich oansept shall�i�e onreasombly.�ithhet�;,q�t�mtess�� .
<br /> u�.����.� � � . extenuat�ng cir�nces eaist wl��ai�e beyo� Borrowei's oimtnaL•$nmawer sbaU aot destroy. daznag�a ar'3mpais th�t
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<br />.;:- i�=::�.':�.=-.�� � PrpPert�+,.attow the�Pispeity to_deter�orate,or cammit wasta oa the Fro��r:Borrower sUail be in defaalt if aay forfeitur�a
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<br /> .�.���,�ty"tti ' 8C1�OI10f QPOC@0d�0$+.whether c1vi1 or crtmi�l,is begun that in LenQer's ga�od faith judgment could result in forFeitu�+of.xhe.-;.,"s:;;;��
<br /> x ,�, r . Property or�theiwlse m��rialty impa�r ti:e lie.n ae�ted by this� �nsuument or l�ndei's secnrity iater�st.Bur[owes may..�;�"� .
<br /> .. ...,._ ;i cure such a defaUlt and reiastate,as pmvide�Ia i8.6y�ng t�te acdon or proceeding to be dismiSsed wltb a mling
<br /> _ ��'• ��::�,«�•�:� ` � that.in.Lender's good fa�th detemilnatton.pr�tup��orfeirore of the�or�ower's interest in t6e Property or ot�er sqaeeriat
<br /> �-? , ':. . impairment of the hen created by�this Securlty Insaament or Leader's se�a�rity intenest. Borrawer shali atso be ie�tfautt if.
<br /> _ , .n $ormwer,durjng the 2oan epplica�un pnocess.gave m�ter3ally false or iaaccu:ate i�onnatfOn Or statements to Leader(or�aite�
<br /> -_. �"=:*:•�,r.: - to pmvIde Lender with any matcrlal�iaforn�atton)la ootmection adth the loan evideaced by the Note,incindin ,but not limited .
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<br /> - � - �. .to.representations conceming Borrower's aocupaney of t�e Proyerty as�Prinelp�l c�esidenee.If this Secnri.ty �s on a�
<br /> ;;"'�`°.���:,�''' leasehotd. BoFrower shal!comply wit6 all the pmvlsions of the l�ase. If Bonower ecqnires fee tide w the Property. the
<br /> ��;; h a - . teaSehotd and We fee tide shaU not merge uiiless l.eadera�s to the merger in writing. . .
<br /> ��� 7.Pratectton ot Lender's lilg6ts In the Pmpeely.If Borrawer faits to perfc�rm the oovenanta�nd ag wntained ia .
<br /> •:.;::� � tlils$ecurity lasuumeat,or there.is a�egal P:aceediag triat may slgaiflcandy affect i.ender's ri ts in t�te Pro�paty(sucb as a
<br /> - -�.°.`�.':z�� pmoeeding in banlwptcy,ymbate.for coMemnatioA ar fortelture ur to enforoe taws or reguiat�ina).the»IRnder may do and
<br /> -�4�� �:. pay for whatever is Aecessaryr to tect the value of the Pmpertyc and Lender's rights in We Property.Lender's.aqions may _
<br /> Y,-�` sx: . _ iacludepaylag any sut�s���Y a l�en vuhicb bas prloriry wer�his�.Se�ritq Ias�um�t. �p�ng 1n oourt. �Y��
<br /> �. , ceasonable attorneys'feea end eraer6ig on the P�operty ta make repaire.Atthough I�ader tnay take aodon under this�P��P�
<br /> - :� �`�i�.�`'.; . 7,Lendes daes not have to do so. � � �
<br /> `.� ;::;--...... .
<br /> _ My amounts disbursed by Leader nnder this yara�rapb 7_al�ll berome sdditiona} debt of$mrower seau�by! this
<br /> ' Securiry Instnuneni. Unless Bonuwer mid.Lender ag[ee to other temrs of PaYmeW.tHese amaunta sball bear imenest from the
<br /> . 'dat�flf disbwsemenc at We Note rate and stmli be paysble, i+rlth inferest,upna noti�from tander to Horrower requ�}ng __
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<br /> - _�,:�:��: PeY�B -Martg��ae.t�'6�eader*equir�mortgage lnsuianae as a conditian af�naldn�the toan secuted by tbia S�urity
<br /> �' ;; Inst�mme►it,Borno��.�r shaU pay the premiums.required ta mainta�n the martgage insuraace in effect.if, for aay reasbn,the ` _
<br /> :.;',,.'-., ;: .mnrtgage lns�ranee moveiage reqnired by Lender tapses or oeasev to be im effea.Bornocver shall pay��ums required to
<br /> `.'���?, . .�:,.'.,:,�' obtaipooverage s�stantiatty equivaleut tothe mortgag uisuranee previoasiy in effe�t,at a wstsabs equivalent to.t�e . -
<br /> ,t�ra;��`� ,... ,,,.` � oost to Boua}aver of the snortg�ga is�surance previously in effecs, from an elternate martgage iasurer appmved by L'eader.If _
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