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<br /> 98-• ss.zsz�
<br /> Thc Pu�xls shull bc hcld in wn institution whnsc dc�x�sits ��rc insurcd by �� fedcrid agency. instrumcntuliry, ur�c�ti�y
<br /> (including l.etxlcr,if Lcndcr is such an institution)c>r in uny �edcrul 11umc Luun f3nnk. l.cndcr tihull npply thc Funds t�i i chc
<br /> Escrow Itcros.l.cndcr roay not churgc F�arrc�wcr f'or holding und upplying �hc Funds, unnuully unulyi.ing thc c,cruw iircouiu. or
<br /> vcrifying thc Gscrow Itcros.unlcss L.endcr pays B�,rrowcr intcrest on �hc Funds;md i�pplic�ihlc lii�+�perinit,l_cndcr to mukc hucli
<br /> u churgc. Hnwcvcr, Lendcr may rcyuirc Borrowc�tn pay u onc-timc ch.u•gc fur un indcpcndcnt rcal c`iut�t:�x repartin�;,crvicc
<br /> uscd by I.cndcr in cunncction with Ihis loan, tnticss �ipplicablc It���� pn+vicic+ �nhcrwitic. Unlc,ti un �i@rccmcnt is nxidc ar
<br /> upplicablc luw rcyuires intcrctit to bc puid. Lender rhall not hc rcquircd to pay [3orruw�r uny intorctit or c,n'ning+un Qic Funds.
<br /> Rorrowcr aitid l.cndcr nury ugrcc in writing, h��wcvcr, that intcrest sh:dl bc puid un thc Fund+. l.cndcr ,h;dl givc tu 13urruwcr,
<br /> without chargc, un unnuul accounting of thc Funds,showing crcditti and dcbits tu thc Funds ,�nd thc purpusc fur wliich ciich
<br /> dcbit ta thc Funds was ntadc.Thc Funds urc plcdgcd ns ud�tition.d security for ull sumti sccurcd hy thi+S�curily InsUUmcnt.
<br /> If thc Funds hclQ by i.cudcr cxcccd thc i+mnunts�rmiucd to bc hcld by tipplirublc law. Lcndcr sh�dl:iccounl lo (3orr��wcr —
<br /> for thc excctis Funds in uccordunce with thc rcyuircmcnts of applicublc law. 1f thc�uiiount uf chc F�uud,hcld bY l.�:ndcr at anY
<br /> time is not sufficicnt to pny the Escrow Items when duc,Lcndcr mny tio no�ify Eiurrowcr in�Jriting, nmi,in tiuch rusc Borruwcr
<br /> shall pay co l..endcr thc umount ncccssury to makc up thc dcficicncy. Dorrowcr shull makc up thc dcficicncy in nu nu�rc than
<br /> twelve manthly puyments,at Lender's sole discretion,
<br /> Upon paymcnt in full oi all sums securai by this Secuqry Instrumcnt, l..ci�eryshull prompNy rcfund tol Hon�owcr any
<br /> Funds hcld by Lender.If, undcr parograph 2l, Lcndcr shull ac uuc or sell the Pro rt L.cndcr, prior to the nc<uisition or sale
<br /> of the Properry. shall apply any Funds held by Lcndcr ut the tirnc of acquisition or sale as u credit against the sums sccurcd hy
<br /> this Security Instrument, •
<br /> 3.Appllcation of Payments. Unless applicable law provides otherwise, nll puyments reccived by Lender under paragrap s
<br /> 1 and 2 shall b� applied: flrst,ro any prepaymcnt charges due under the Note: second, to amounts payuble under para�graph 2;
<br /> thirJ, to intcrest duc; fourth, to principal duc; nnd last, ro:tny latc chargcs duc undcr thc Notc.
<br /> 4, Churges;Licns. Borrawcr shall pay nll uixes. u,scssmcnts. chargc,. fincs and impusitiims attributahlc to thc PrupPt�
<br /> which may attain priority over this Sccuriry Instrument, and Icaschold paymcnts or ground rents, if uny. Bi�rrowcr shall �
<br /> these obligatians ir the manner provided in paragraph 2,or if not puid in that manner, eorrower shall pay[hcm un timc directly
<br /> to thc peisan owc�l payment. Borrow•cr sliall promptly furnish to Ls.nder all notires of.+mounts to bc paid undcr this paragraph.
<br /> If Borrower roakes these payments directly,aarrower shall promptly furnish to Lender receipts evidencing thc puynients•
<br /> Horrower shall promptly discharge any lien which has priarity over this Sccurity Instrument unless Borrower: (a)agrecs in
<br /> writing to the p�ymen[of the obligation securai by the lien in a manner acceptable to i.ender; (b)contests in gocxl faith the lien
<br /> by, or defends against enforcement of the lien in, IeQal proceedings which in the Lender's opinion operate to prevent the
<br /> enforcement of the lien; or(c)secures from the holder of the lien un agrcement satisfactory to l.ender subordinating the licn to
<br /> this Security Instrumcnt. If Lcnder dctermines N�at any part of the Properry is sabject to u lien which may attain priority ovcr
<br /> this Security Instrument, l.cnder�nay givc Borrower a noticc idcntifying thc lien. Borrowcr sliall satisfy tlie licn ur takc onc or
<br /> more of the uctions set forth above within 10 days of the giving of notice.
<br /> 5. Hazard or Property InsurAnce. BorroH�cr shall kecp the improvements now existing or hercaRer erected on the
<br /> Property insureci against loss by fire, haz��►rds included within the tenn "extended coverage" and any other haxards, including
<br /> floods or flooding, for which Lcnder requires insurance. This insurance shall he maintaincd in thc amounts and for thc pericxls
<br /> that Lender requires.The insuranee carrier providing the insurance shall be chosen by Borrower subject to Lender's appraval
<br /> wh�cli shaii noc oc uwcasunab�y u•��:'��ld. If g^�'"`�'rr fails tn maintain covcrage describcd above, l.cndcr may, nt Lendcr's
<br /> - nption,obtain coverage to protect Lender's rights in the Property in accordancc with paragrap�� �•
<br /> All insurance policies and renewuls shall be acceptable to l.ender and shall include a standard mortgage clause. L.en�cr
<br /> shall have thc right to hold ihc policics and renewals. If Lendcr rcyuires,Borrowcr sli�ll p►'omptly give to Lcndcr nll rcceipts of
<br /> paid premiums and renewal notices.In the event of loss, Borrowcr shnll givc prompt noticc to thc insurancc carricr and L.cndcr.
<br /> I�ndcr may makc proof of loss if not madc promptly by Borrowcr.
<br /> Unless Lender nnd Borrower otherwise cigree in wnting, insw•ance procceds shall be applicd to rc�toration or rcpair of the
<br /> Property d.imaged, if the restoration or repair is economically feasihle and I..enJcr's security is nnc Iessened.!f the res[oration or
<br /> repair�s not economically feasible or Lender's security would bc Icssenecl, the insurance procceds shall be applicd to the sums
<br /> sccured by this Security instrument, whether or not then dua with any exccss paid to Borrowcr. If Borrowcr abandons the
<br /> Properiy, or does not answer within 30 days n notice from L.cndcr that the insurancc carricr has offercd to settle a claim, then
<br /> Lender may collect the insurance proceeds. Lender may use the proceeds to repair or resrore thc Propeny or to pay sums
<br /> sccureci by this Sccurity Instcument,wlicthcr or not thcn duc. Thc 30-day p c�`��W�f b r�cccdsCtotlp�in�ipal�shall not cxtend or
<br /> Unless Lender and Borrower otherwise agrce in �vriting, any app� N p,y
<br /> postpone thc due dnte nf thc monthly payments referred to in paragraphs I and 2 or changc the amount of the a ments. if
<br /> undar paragraph 21 the Property is acquired by Lendcr, Barrower's right to any insurance p����i��a��d procceds resulung from
<br /> damage to the Property prior to the acquisition shall pass ro L.ender tu the extent of the sums sccurcd by this Security Instrument
<br /> immediutcly prior to thc acquisition. Ilcatian; Lcascholds.
<br /> - 6,p���pancy,Preservution,Malntenance end Protection of the I'roperty;Borrower's Loan App
<br /> Borrower shall occupy, establish,and use the Property as Borrower's principal retiidence within sixry days aRer th�executian of
<br /> � this Security Instrument and shall continue to occupy the Propi:ny as Borru�ver's princip.d residcnc�;for at Ieast onc year aftcr
<br /> the date of occupancy, unless Lendcr otherwise ugrces in writing, which contient shall not be unrcasonxbly withhcld, or unless
<br /> extenuuting circ�mstanccs cxist which are beyond Borrower's control. �flory wer shall not destroy, danutgc or�mpair the
<br /> - property, allow thc Properry to dctcrioratc, or commit wastc on thc Pro �rt Dorrowcr shall bc in default if an forfeiturc
<br /> - action or proceeding, whcther civil or criminal, is bcgun that in Lendcr's good faith judgmcnt could result in forfciwre of thc
<br /> - Property or othcrwisc matcrially impair dic licn crcatcd by this Sccurity Instrumcnt or Lcndcr's securiry intcrest. Borrowcr may
<br /> .�� cure such a defauit and reinsWte,as pn�vided in paragraph 18,by causing the action or proceeding to be dismissed with a ruling
<br /> ° that, in Lcndcr's good faith detennination, precludcs forfeiturc of thc BorroH�cr's intcrest in the Property or ocher matcrial
<br /> .� impainneni of the lic�i cn:atcd by this Securiry Instrument or Lender's security intcrest. Borrower shall also be in default if
<br /> '�'� Borrower,during thc loan application prucess,gave materiall��false or innccurate information or statements to L.i:nder(or faeled
<br /> %: to provide Lender with any material infonnation)in connection with thc loan evidenced by the Note,including,but nat limited
<br /> - to, represent:�tions concernin�Borrowcr's occupancy of thc Property as a principal residence. lf this Sccurity Instrument is on a
<br /> = Icaschold. Borrowcr shall comply with all thc prowsions of du leasc. (f Borrowcr ucyuires (cc titic to thc Pro��crty, the
<br /> Icasehold and thc fce titic shall not mcrgc unlcss Lendcr agrccs ti�thc mcrgcr in writing.
<br /> 7.L'rut�tiUon nf LendcP�S k��tlf5 IIl�Ill'PPOFKYL�'. If Bon•o�~•rr fail> in rcrfonu thc ruvcnunu .md agrccmcnts rontaincd in
<br /> tliis Securiry In�uvment. ur there is a Icgal proreeding tliat may signific��ntly at7cct I.ender'> rights in the Property l�uch uti x
<br /> prixeeding in bankruptcy, pruba�e, fur condemnation or k�rfeiturc or to enforcc law�ur re�;ulatiuntil,then Lender may da �+nd
<br /> p,ry for ���hatevgr is ix,ccssary tu prutcct the vxluc of thc Pruperty and L�rnder'� rightti in the Property. Lender's action� may
<br /> include paying�any smns secured by a lien �+•hich has priorit�� over this Securiry InstrwnenL appearing in cuurt, payinb
<br /> rcasonablc attorncys' fccs and cntcring on the Property to make repairs. Althougli Lcndcr may takc action undcr thiti paragraph
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<br />° — /. LCIIOCftic)l'S Itui i'i�i"vc i'v uv:;:,� ..j ....°
<br /> Any amounts disbtirscd by Lender undcr thi E paragraph 7 shall bcpoyic addiuonai dcoi oi ounu.v�� :tcu�....
<br /> S�xu`�f disbur�semcnlUitlthc Nulc r:dc�ancl slall bc rci ablc�hvith�intcrest. u'un�ncticcVfrcmiuLcnJ�i:�Itc�1iBurro��cr�rrqucsting
<br /> datc P�Y p
<br /> puymcnt.
<br />: 8. �1�►rtgu�;e insurancc. If Lcndcr reyuir��f mmYgagc insurancc ati u r��nditicm��f making thc loan ururcJ by lhiti Sccuriry
<br /> Inatrmncnl. Burro���cr shall pay thc prcmiums rcquircd to maintnin thc nu�rtga�c in�urancc in cffccl. II, for any rea�on. thc
<br /> ntortFa�c insur.uice�overagc rcyuircd b�� Lendcr lapseti or ccas�s lu be in et'fc�t, f3orr�����a' �hall pa}•thc pr�miumti requircd t��
<br /> i�htuin ro��cragc substantially cywvalcnt tc�thc murtFagc insurancc prcvioutily in rffcrt, at .i ro,i��;b,tantially cquiv:dcnt tu thc
<br /> cust l0 8nrruwcr of tlic mort�agc insurancc prcviuutily in cftcc't, from an ultcrnutc mi�rtE:�g� intiurcr appr����rd h�� Lrndcr. It'
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