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<br /> � :., f �f� The Fust� shall be held in an i�utitution whose d�ositc are insured by a federal agency. instnunenL�lity, or entity
<br /> °,`;_4._.�:<. .,�r (including Lender.if Leoder is such an in�titution)or in any Federal Hume Loan Bank.Lender shall apply the Fund�to pay the
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<br />. .�F__�:i,.. Esc�aw Items. Ieader may not charge Boimwer for holding an�appiying the Funds,anneally amalyzing the escrow ao�onni.or i(
<br /> - _-'` °= .`: verif}1ag the�scmw Ite�ns.�unless Leadcr pays Borrower interest on the Fands and app}icxbte iaw perrnits I�co amke stcch "` :
<br /> _ f.;_ ` ` `.'.
<br /> >'{ �r- a charge.Hon+e�cer.ltnder may req�irc�rr�wes to pay a one-time charge for an indepeadent rea!estate tax reporting service ,
<br /> ' `'` `'"; u�by Leuder in cannectioa with this loaa. nntess applicable taw providgs othenvise. Ualess an agreement is made or ��
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<br /> :` �''�` ;:�_ :`;� ap�licable law requires iatecea-t to be paid.Lender shatl not be mquired to pay Barrower any interest or earnittgs on the F�nds. � _
<br /> . .._ `:::� Borrvwer artd,Lender may agtee in wntmg.however.that intera-t shaU be pa'sd on the Funds. Lender sriall give to Bornower, .`r�`:.
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<br /> `^;y���,;'-";:`�...'�r::; without c6arge. an�n u u a)acrounting o f t h e F u o d s.s l i owing credits and debiu to the Fwids and ahe p u r p o s e for which eactt . ;:
<br /> ._.:.��.,z;-•..-�::�; debit toths Fe�nds wa's made.Ttte Funds arc pledged as additional sec�rity for all sums secuied by this Secunry Inshumem. '�_;.�
<br /> �,„4;r.��,:� If tlte Fui�ds held by Lender exceed the amounts germiued to be held by applicabte law.L.endcr shall accouru to Borrower
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<br /> _ ` ..�� fos ttce excess Faads in accordanoe with the requirernents of applicab2e law.If the amoum of t�e Funds keid by l.�der at any
<br />- °°"y" � the Escrow Iteu�s when due,i.ender ma so noti Borrower in writin and.in such case Borrower �.`
<br />�`:,�:-�`�� .� time isnot sufftcia►t W pay Y fY g-
<br /> �°•`'';,_,.+:-._.�,<: `. shall IraY to Ixnder t�e amount necessary to rnake np the deficieacy- BaQrower straEi nrake up the deficic�cy io no mose ti�s =-
<br /> ' - `:- twelve moatW at lxader's sote discredon. �
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<br /> � ,`°�•. ..;; UPon paYmecu m futl of ai! sums se�red by this Secviiry Insuumen� Lender shal!prompdy reFiu�d to Borrower aay � .'
<br /> ` �>�'�a.=.��'..;.r Funds hetd by•Leader.If,under patagrapts 2D.I.ender shall acquire or seil the Properly.Lender.prior to the acquisition ur sale _ _
<br /> , r:� � �S :� af the Property.sl�l[appty any Funds hetd Isy I.esrder ai the tiuie of acquisition or sale as a credit agai►�st the wms secured by
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<br /> : L �%:. � Ap81IcaDtoa of Pa��fs.Un2ess apptica6te taw provides othsrwise.ail payments r�ceived by Ixnder under paiagraphs `
<br /> � : � �s
<br /> - 1 aad 2 s6all be appti�d:fust.to anY P�Y���es due tinder the Note• second.to amounts payable under paragraph 2:
<br /> �� �'.�'• third.W interest due:faurtb.w principal due;aad Tast.to any late char8es dae urnter the rlote_
<br /> _ - `-�`i.;�if A.C6arge�r Lietts.Barnnwet shaU Pay all taxes.assessments,char$es, Fines and imposiiions attribatable ta the Property '
<br /> � �'�- w6ich may attain priarity over this Security In�ument. and teasehold paymeuss or ground rents. if any. Bnrrower shall pay .
<br /> � :��, `� = these abtigations in thc manner pt�wwided in paiagrraph 2,ar if not paid in tfiat manner.Borcower sl�all pay tkem on time directly .
<br /> ,�_ ,�:,;�� ` to tite peison owed paymet;i.Bormwer shall promptfy fiunish to Lender all notices of amounts to be Qaid under this pafagra�h- "r
<br /> : If Borrower makes these pa}rments directly.Bomower shall promptly tumish to Lender receipts evidencing the payments. �-
<br /> a � Borrower shall prompfly discharge atry[iea w6ich has pnonty over t1�is Secnrity tastnunent nntess Barrower.(a)agrees in �y
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<br /> -�°'?Y r_,�:;°_-'?;; 'writnsg to the paymeat af the obligation secured by the lien in a manner acceptabfe to I.ender:(b)sontests in good faith the lien
<br /> a;�_ which in the Lender's inion o erate to revent the ��.
<br /> �� �._ by. or defends againsE enfor�rnent of the lien in. tegat procxedings � P P
<br />' �-•y :- ;''•��<,;;•.��; � enfortemeat of the lien:or(c)secvres fresm the holder of the lien an agreement satisfactory to Lender subordinating the tien te �,
<br /> Y'' J/_:
<br /> this Sec�triry Instiument.If I.ender determines d�at any part of the Property is subjert to a lien whicb m3y atlain prioriry over: �'' :
<br /> � `"�-:�•' this gecusiry tnsu�ent,Lender may give Borrower a notice identifying the lien.Borrov►er shall satisfy the Gen or take one or r�...
<br /> , �, � . -.
<br /> :_.,,;";?;�f;�; more of ttte actions set factb above within t0 days of the giving of nodce. ' "
<br /> ����� °�� �• 5. Haaesd ur Ptoperty tnsaeaace. Borrower shall keep the improvements now existing or he�after erected on the '--
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<br /> a =_ Pro Ensured
<br /> nYt toss b fire. hazacds inchrded withia the tertn "extended coverage" and am other ha•rardy, inciud'mg ,�.
<br /> ` � flooa�.v or flooding,for which Lender requires iasurance.This insutance shal!be aiaintained in the amuunts and far the Qeriads
<br /> . u�',.�1 �; that Lead�r requins. The iusurance cariier pruviding the insurance shall be chosen by Borrower subjer.t w i.ender's apprnval --
<br />'�:`:°.`; ; �„-�.�`�<:: wirich shall uot be nnnasonably witlihetd. If BoTrower fsuls w maintain coverage de�scribed above, I.ertder may.at I.endec's .
<br /> �.`, ."•�.-„�; , aption;obtain caverage w pmtect Leader's r�ghts in the Praperty in accordanoe with paragraph 7. �
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<br /> " ��ti ; ` Alt insuraace polieies aad renewals shaU be aoceptable to Lender and shal�include a standard mortgage cianse. I.endec . ;
<br /> _ ....<<_ �::, s�il i�ave the sight ta hald the�olic�es and renewals.If Lender requires.Borrower shall procriptlY�ive to Lender ail receipts of �
<br /> . .., .` puid premiums and renewal nouces.In t6e event of[oss,Bomawer shall give prompt notice to the insuiance carrier and l.ender. ,-..
<br /> �;.�:t,:.:�:TM [,eud,er a�ay make proof of toss if not uiade promptiy by Borrower. � ,
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<br /> -',�:s.��;w::-�1:=:•;:�t 5• � Untes.s LcIIder ancl Bornawer ailicnviseagree w writing.insnrance proceeds shaU bc applied ia restoration or rapair of the .
<br /> _ �: .,�;':,-.�._:#� • propeity damaged.if.tAe restozarian or repair is ecmtomically fea4ible and Lender's security�s not lesseaed.If the rrs�oratian or
<br /> .`�.:�;."`(:.,,.;::': , re{rair�3 not eronomicalty fean'ble ar L�ender's secuciry would be tessened.the insurance proc�ds shaU be'appliea Lo the sums
<br /> •: �:....�.':�`:.`�� . se�uied by this Secur[ty Instnunent, whether or aot then dae.with arry excess paid to Borruwer. If Bomower abaudoag tke
<br /> .r�"�'a �� �P�Y•o:does s�ot aasdver witidn 30 days a notice frmn Lender that the insurance camer 6as offered to settte a claiin,thea
<br /> `.:.•r�;:�.;c.r.-�-:. Lettder may colIect the insarance pmceeds. Lender may ase theprooe s to rc�air os testore the Qroperty or to pay sum�
<br /> '...`; :;::� s e c u r e d�y y t h i s g e a u i ry I n s a u�u e n t,w h e 8 m o r n o t t h e n d u e.'1 4 i e 3 0-d a y�p_eriad will b e g in when the noace is.g iven.
<br /> •x''a-��".'•:7;::� Untess L�nQer and Bmrower otheraise agree in writing. anyappuwuon of praoeeds to principa) shall not e�t�end�ot ,
<br /> '_.sU.4".. :
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<br /> _;..-•:••.:�:-.� ' postpone the due date of the monthty p�ytneats referred to in paragrapl�s 1 and 2 ar change the a�noant of the payments.If
<br /> —'=�'-'==� undec paregrapb 21 the Properry is acqaired by Ixnder,Horrower s right to arty insurance policies aad pmceeds resviting ftom
<br /> �''"�, dmnage to the prios w the acqaisitian sha13 pass to Lender ta the e�teat nf the sums secaued by this Securiry Iruuumeast .
<br /> =.�'��,� ' �mmediatelY Pn�eaequisttion. . � . .
<br /> .. . `•,. 6.Ooaipancy,�e�e�vatton.Maintenance 8n�Pmtection o!the PivpePty;Borrowe�'s Loan Appllsatioa,Leaseholds...
<br /> -�T,��,..,..-.: .
<br /> ,-.`�:.....�,.. � Busrower sLal!oaupy.estabiish.and nse the PropertY as Borrowet's princIpa!resadeace�within sixty days aRer the eae�utibn of
<br /> _;:;:�;;a:,,-,'.rF�. Wis 3ecurity Instmment erW shalt eorctinue to ocaupy the Propaty as�ormwer's principal residence for at teast one year after _
<br /> the date of acx�up�cy.untess Lender otheraise ag�ees in wdting.whlch eonsent shaU not be unreasonaDly witMeld,or unle,gs
<br /> ,���'1;;;�:; exteimating circurrutaaces eaist wtich mre 6eyond Borrower's control. Bosrower shall not destroy. damage or impair the -_
<br /> '��.F,�,�-�. PropeAy. altpw theproperty to detetiosate. or commit waste on the Property.Buaower st�all be in default if any forPCiturc
<br /> '��T".<;;;�-��-:a�;�. acNon or�procerding.wbether civi!or crimiaai,ls begun that in iender's good faith judgmea�t oaWd resutt in forfeituteof the .
<br /> � `r �` � Prapeny or otherw�se materially impair the lien cteated bY thjs Securicy Instnunent or L+emder's securiry inte�est.Borrawer may =
<br /> � c;` � � _ cure such a defanit and reinstate.as provtded in paragraph 18.by causln$the actloa or pmceeding to be dismisset!wlth a mling • -
<br /> ��;,Y;<z;T�;.,=:,
<br /> -- _ - - �that.in Lender's gaad faith detetmination, yrecludes forfeiture nf ehe Borcower's interest in the�roperty or other materlal .
<br /> -_°''.:.;•;;'µ:,� � imgaimient of the lien cr�ted by this Security Instrument or Lender's security interest. Barrower shall also be in defautt if ;
<br /> ' ' $orrower.duting the laaa"application process.gave materially faise or inaavrate infom�atlon or statemenu to Lender(or failed
<br /> - i��� ,. to provide lendcr with.any materlal lnfom�at�on)in wnnection wtth the laan evtdenoed by the Note.inciuding.but not limited .. '
<br /> ?'`-, '�::.:R+�:':' ' to.tePnsemations ranceming Bnrrowcr's occupancy of the Pmperry as a princtyal s�esidettee•3P thts Sec�t7►insttumem is on a
<br /> `=�''`�"��`�' leasehold. ao�rrower ahall oamply wlth alt the proKisions of the lease. lf Bormwe; asquires fee titte to the Property. the
<br /> _;.-:��-,.•...,
<br /> :'�:.';,�.-``;:-��, icaseIIold and the fee tttte shaU not merge untesa Lender agnees to the merger in wridng. • _
<br /> ' � 7.p�+ot�ction oY Leade�a Rtgj�in the Fropeety.If Barrower fails to perfonn ehe wveaants anda� aorrtained in
<br /> :- °�, .this S�urlty Instrnment,or ihen ly a tegal proceeding that may signdfcqndy affect Lender's dghts in t]�nY(such as a _
<br /> ,�: � procoeding In i�ankmptcy,pmbate.for condemQmtioa or forfelture or to enforce laws or regWaUaas).the»Lender may do and �- -
<br /> t . ,,a.. ,� . : pay for wha�ever is�ece�Sary t� tect the value of the.Property and I.ender's dghts in the Property. I.ender s adions enay
<br /> include Pay�g anY'�ums s�y a lien w}uch �as pdodty over t6is Securtty Insuament. appearing in oourt..payiti8 �__
<br /> :�`.�''��':,`� eeasoaable su�meys'feES aad encering on the Property to make repairs.Atthough Lender may take aqton under thia paragrapb -.--
<br /> �j; �.Lettder daes not have to do so. �
<br /> ":.::.��,,.:;.;;'- Atry asrtounta disbnrsed by Let�der nnder this pazagtaph 7 shall bewme additim�al debt of�orrower securcd by this �`' `
<br /> ��.;,,,:,:,'<.,:.; _::� Securlty Instrtrme{u. Unt�s Borrower and Lertder agree to other temLV of payment.these amounta sLall Bear interest fmm tha �_,;;
<br /> �`�'��°�.�';:�.' _`'� `�. date of disbuisemeat at the Note rate and shall be payable. with interes� upon noticc from Lender to Borrowes requesting
<br /> ;,�: payment.
<br /> ; ,.,
<br /> _ 8.Mmt�age�.If 1Rnder required martgage inswance as o condition of makieg the laan seGtred by this Se�ri;y E =:
<br /> ,�` , .� ';.�,� tnstrnn�u. Bmrower shall pay the premiums�q uited to maintain the mortgage ia�ranae ln effect. lt. for any reason, the
<br /> �{' mortgage insurance coverage required by Lender iapses ar�to be in effed.Borrawer sAallpay the�nemiuma required to -
<br /> �:•..r;:;�.?, . abtaln ooverage substantislly equlvatent to the raart$age iasnrance�vi ously in effect.at a cost substannalty equivalent to th�
<br /> ,,,,.,.;�.-,.::.;:�u cost to$o�mwer of the mortgage insuraace previously in effect. �ram an altemate mortga�e incurer approved by Leader `-_-:'
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