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<br />- ._`�,�:.::-:..�-<_:� The Funds sUall be hetd in an i�titution whosean Federal Hom Laari Banlc. Lender skap apply�Fun�ds[o pay h `�+��, •` ��;c�
<br /> .,��;,?:j r:;::t linctttt�lding Lender.if Lender is such an institution)os m y _. •:-�;�`-� �'�
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<br /> � , Esc�ow Items.L.euder may not drarge Borruwet far hotding and applying the Funds.annnatly anulyzing the zscrow account.or � � : ,�� .
<br /> �C r�:� verifjriag the Escrow Items.uniess[xnder pays 8orrower inte�est on t6e Funds and appiirabte law pernuts Ixader to make sacU d��f,;- z.
<br /> .; � �.:�: nire Bocrower to a a one-time dia*8e for an independent real estate tax mporting senice , . ,..` ,� v ,
<br /> - ..< a charge. Hawever.lxncter may req p Y tirabte law ruvide.. otherwise. Unleati :�n agrxment is �ttade or � ,, ��� �;,
<br /> •�E� '�' used by Leader in oonnection with ti�is loaa. untess app P -
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<br /> . ......::..:. •f:� aPPlipbte law tequires imetest ta 6e paid.l.endet shall ttot be reqw�+ed to pay.Borrower auy intere�st or eanun on the Fundc.
<br /> Bo�rower and Lender may agree in wriEinS.hnwever.that interest sdal!be Paid an ihe Funds.L.ender shali s�vc to Borrower. :, :;.r�:�...,,.,;•;:`
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<br /> , � �o�t�E, �an�u,al acoa►ntiag af the Fuads.showing c�its and alebits to the Fund�aeni the purpose for wtuch each
<br /> .,.,i...�`T�:::r.;`.':'. debit to the Funds was made.'1'he Funds arc ptedsed as sddiuonal security for aii suma xcurc�by thi.Secunty lnstwnent. ° :., ` U-°,
<br /> � `` `'�`� If the Funds hetd by l.ender exceed thc amounts permiued to be held bY apPli�ble law.i.ender shalt accaunt to Borrr�wer �,4.�b,'=.. . , ...
<br /> �� -%> y ��r
<br /> for t h e excess Funds in accordance with the requir�ements of appticabl�e�mtif lf Barro�er'n wri'w�g.0 a a d.hn�ch�e Borrower _`
<br /> { +�"T r� time is not suffrcient ta pay the Escrow ttems whea due.l.ender�trdY � Y � ;M1
<br /> � ., �:.. 4�:-:: shall pay to lxnder the amaunt necessary w make up the defeciency. Borrow•er shall malce up the deficiency in no mure than ..2 _ . ...::_., --;r-_
<br /> { `• , ;�� twelve monthlY PaYments.at Lender's sole discretian. ��' �-
<br /> `" s�� this Securi Instrument. Lender stiall promptiy refend to Born�wer aay �
<br /> • q � (7pon paytneat in fuU of all sums secv�d by tY z. <,��
<br /> �`: ` ; Funds�etd by Lender.If.under PuaSraph 21..t.�ndar shall acquire or sell the ProPertY.L�ender. prior to the acai�isition or sale �.
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<br /> � � of the Properiy.sha11 aPPZY�Y F►�held by Lender at the time of acquisition or sate a�a credit a�ainst the wms secue+a�i by � �
<br /> �- `�4F '�� this Securicy lnstrvment. �
<br /> _. �`.�,.;:,_; 3.Appl�CatEoa of Paymettis.Uatess applicable law pmvides utherwise.all payments receivcxl by ixnder under para��phs �, .,, y.��r=
<br /> 1�,,:�=4��`�t, 1 and 2 shall be applied• first.to anY P�Ym���ges due uncler the Note: second.m amounts payabte under paragraP '• �x'� _----
<br /> - ?�c third.t�interest due:fownb.to principa!due:an�l last.to anY�ate�har��due under the Nate. , -
<br /> �� },�' �.� ,� �;:�,� 4.Chaiges' 1.is�s. Borrower shall pay all taxes.ac5essments.charges. �nes and impo�itit��n attributable to the Property f -`_--..}
<br />. . .sr. �.:t•:,F.i f
<br /> :`.::�`,,�:; _..'f:': which mny attain priority over this Secur�ry Insuument. and tea+ehold payments or gmund nnu. if any. Horrower pay ;�.__
<br />,,�.`�.� .�_�;�:,..�.;`,,:�. these ohligations in the manner provided in paragraph 2.or if not paid in that manncr.Borrower shall PaY.them an time direcdy .''.�-;<`-`�: .-
<br /> � •`� to tt�e person owed payment• Horrower shall promptlY fua►ish to l.endec all notioes of amounts to be paid under this patagraph-
<br /> -• � I''��t� �� Botrower shall rom i fumisb to I.ender receipts evidencmg the paymrnis. �._ _�
<br /> � �; _ t'�., if Bormwer makes tliese payments direc,-tiy. P Pi Y ,
<br /> � s` ';:-: Borrower shall pmmptfy discharge any lien wiuch has priority over this Security Uu[rument unless$orrotver.la)agrees in • „ .
<br /> _ "`:_ tvriting to the payment of ihe abligatian secured by the lien in a manner acceptable to Lender.(b)coatpts m good faith the lien �� �. _
<br /> _ .��:.��-.-:-� ro�� which in the Lenders opinion aperate to preveat �he = _,._`.:
<br /> - -'-- ��' hy. or defends against enforcement of t he lien in. t e g a! p -
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<br /> � 4•, enforcement of the lien:or(c)sece:res from the holder of[he lien an agr��'r��j�o a 6en which maQ�atiainn n'ori'�over `�� � � � _.
<br /> � this Security(nstrumert. lf Lender determines that any Qarc of the Property '_ .I Y P �Y �:N�_-��,'�-
<br /> ,. � ,✓*�: . •
<br /> ` �his Secvrity Instnunent,I.ender maY Sive Borrower a notice idertifying the lien.Borrawcr shali satisfy the lien or take one or , --
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<br /> �-�� .,<�. more af the ac�iaas s�forth abo�•e arithin 10 days of the giving of nodce.
<br /> ,1.:.-`_.,...::,; �. }�� or prope�}, tasarauce. Bomavver shall keep the improvcments now existing or hereafter erected on the :�;�-
<br /> � ' �� ';- property intiured against loss by fim. hamrd.a included within the term"extended coverage"and any ather hazards.indadiag _ -
<br /> ��f � ftoods or flaoding.for which Lender requires ir�urance.This�nsurance shall 6e maintained in thz amounca and fas the pe�iads = __
<br /> ';:��':;;; ._:�•.�'. t h a t L�tder requires.7'he it�.wranee c�ie�providing the insurance sha11 be chcL+en by Borrower subjecc to[xnder s apptova� .., t �
<br /> .:�'��� . •- `�- which shall not be urtreasonabty witbhetd• 1f Bor[ower fails to maintain coverage described above. l.ender may. at E.ender's r; ��,.,•. A—
<br /> ""` � : °:'�;-�': option.obtain coverage to pratect Lendei s rights in the Pcopecry in accordance�vith paraSraPb 7. '?,-'.:,;:".�
<br /> �.�`�'.' :;* All in�urance palicies :�nd renewats shall be acceptabie to I.ender and shal4 include a standard mortgage c{ause. Lender ____
<br /> r . shall have the right ta hald the palicies and renewals. If L.ender reyuire�.Borrower shall pramptiy givc w Lender al1 receipts of --
<br /> ° �' paid premiums and reneµ'al�wuees.In t he even t of iass.Borro�ver tiha1��rve prampt notice to the�nsurance carrier and l.ender. � • - -
<br /> - •'} Lender may matce.proof af loss if not made promptly by Borco�ver. �--. _ ____
<br /> '���r;' ,� 1Jnless 1,ender aitd 8orrowes otherwiso agree m writing.ituarai►ce proceeds shall be appGed ta restoration or repais of the ;- - ,.___
<br /> propertY damaaed.if the restoration or repair is econoinic.ally fea+ibte and Lender�security is aot lessened.If the restorauon or � _ _--
<br /> � repair is not ecoYzomically feasible or Lender s security woutd be lessened.the insurance proceeds shall be applied to the sums ,y r'y �
<br /> �' � Y"�•�•.'.. ��% secured by this Secnrity Instrumen� whether or not then due. with any eacess paid to Borrower. if Bonower abanduns the j�.-.
<br />-�y-'(�•.'.-. ..�.,:-4�..:'•.: -:•:`.�- �_'.-
<br /> , .;�r'. Property.or daes not answer wittiin 30 days a natice from Lender that the insurance carrier has offered to settl�i i claim.�n ..�,,t: _
<br />'� � Lender may collect she insurance proceeds. Lender may use the proceeds to repair oti restore the Property paY :.,.,__-
<br /> -� �1"` secured by this Security lnstrument.whether or not then due.The 3�-daY Period will begin when the•notice is given. : , ,; �
<br /> �c Unte� l.ender and Borrower otherwise agree in writing. any applicatioa of praceeds to prinripal shaU not extend or {,._r .�
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<br /> ' postpone tUe due date of the monthly payments refeRed to in parag!ropt�s 1 and_' or c hange the amoont af thc payments. Ii E : _
<br /> - under par�graph 21 the Praperty is acqu�r�d by Lender.Barro�ver's nghi to Eury insurance po�icics and Proceeds resulting from ` . ' �
<br /> 5`"E��� damage to the Property priar to t6e acqu�sstton shall pass tn l.ender to the extent of the sumc secured by this Secasity�Instrumeat
<br /> ' immed�at�ly prior ta thc acquisition. on;�,�eholds. , .:
<br /> , '• 6,Oocup,ancy,preservatlon,Malntenance and Protection oi the Praperty:.Borrovrer's Luan AppUcatl .
<br /> j��.
<br /> ' ..' $oaower shalf orcupy.establish.and use the Property as Bom�wer s principal residence�vithin siaty days after thc rxecution of r,r ;� �
<br /> .i ''• �':'�..��'}'I� this Securiry Insirument attd shall rnntinue to occupy the ProPerty as$°nower's principai residence for at leact one year after ' :'•..:ti�;.-
<br /> . ` . ��':, the date of oecupancy.unles.s t.ender othernise agrees in writing.which consent chall ttot be unrrasoriably withhetd.or unkss °.•:,�(,; ,_.,,�a':_-_
<br /> ,'� e x t e n u a t i n g circumstances exist which are beyond Borrower's cantrof. Bnrtower shall not destroy. dama"e ar i�npair the
<br /> . '.'`.��. '•�.'� Property. allow the Property to dcteriorate. or wmmit wa�te on t he P r o p e r ty- B o r r o w e*s h a 1 1 b e i n d e f a ult if an y fadeiture
<br /> '. � � action or proceeding. w e(� ther civil or criminal. is begun that in Lender'�good faith jadgment cnutd resuh in forfe�ture of the ��•'���'.�,.�;, '� ;���
<br /> ' pmpetty or othenv�.e matesiaAy impair the lien created h 18 Sb cau.s,n�thc act an or�rviceeedin to be disttrissed w ih a rul�ing • •r.�;;'-:
<br /> '' �, ` - •- - cure sucb a default and rein�tate.�pronded in paragra(s Y S _- �_
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<br /> ';' , ` • that. in l.ender'�gaod faith de�erminalion, precludes farfciture oi the Borroacr'� intcrc�t in the Pmperty or athcr material ,.�..
<br /> ' • '' impairmen�of tfie lien rreated by �hi�Security lnstrument or L.ender'. ti�tiutity intcn�t. Burruwei�ball alw�be in dcfauU ii •�, l_,,:�'.`
<br /> `4 •� �..� '� . 8orrower.during the laan applic:uiun proc��s.gave materially faltie ur inacrurate mfurmation ur.tatrment.to Lender Ior faileJ
<br /> - . , • � � to pruvide Lender with any material infomraticm)�n of the Pr �rt as a Pn ci 1 ��r�sidence. if this Secun'ty�lnstrument is on�a . -
<br /> ' :�,.' ,� to.representations concem�ng Borrower's occupancy . . � Y P�
<br /> � leacel�otd. Borrox•er shall comply with all the prov�sim►�ot the leasc. lf 8arru�ver acyuires fee �itle to the Praperty. the ��
<br /> �� '`� leasehold and the fee ritle shall noe Atterge untcss Lender agrees ta�he merger in�vriting. �. .••
<br /> �';:.` � •
<br /> � 7,Prutection o!LeadePs Rights in the Property.lf Bo►ro�ver fails to perf�>rm the cotitmant�and agreements contained in
<br /> . ' this Security fnstrumem.ur therc is a Icgal proceeding that m:►y signifccantly affcci Lender'+rights in the Property (SUCh:is a , ,
<br /> ' ,' , proceeding in banktuptey. probate. fur condemnation or farteiture ar to enf��rce law+as regulat�oa+).then l.ender may du and
<br /> • pay fo�whatever is neces.+ary tu prutect the value oi the PropertY:uid t.end�r'� right> in the Property• Lender'+a�uons may
<br /> • . � � '.. inclttde paying anY wms ce�wed by a lien �vhich has prioritY mer �hi� S�v:urity In�trumem. apprann$ in rnurt. paying :
<br /> '`« rea�onable attornry� fec.and entering on the�ropeny t�m�kc rcp�am Althuuen l�nder may�talec:u�n�n urtder this Er�rJ�aph
<br /> . 7.Le�xter dur.not have to do.:,. .
<br /> _ � . . . ';.. ; Any amoi�m+ disburxd b} l.ender uruler thu paragrapb 7 ,hall hcrume udditeanal dcht uf Burrowcr .cxurai by tt►is . .
<br /> Secunty Imwment. Unt�s Bura�wer anci Lendcr agree n���thcr trrm.��f paymrnt.the�c amuuntti +hall tuar intere�t frum the
<br /> -- � — Jate of ditiRwrcentent at the��,te rate snd ,hall he payable. �c►th interr>�. upun nuucr (mm lxnder to Bonower reyuc+ting ._ ,
<br /> . . `� t p�yment. , ' �
<br /> . S. �tart�e L�riurs�nee. If l.e�uler reyuirai mu»eage in.ur.mce a+�cortditiun��f m:�km=the Man�erureJ hy Ihi�Surunty •
<br /> ' {nstrument. &�rru��cr �ha�l paY 1he premiums rcyuired to main!ai:►�he m�►ttgaK� m�urame �n eifc�t. lf. fur any re:ison. the
<br /> . � . • murtga�e m�urance��rrver�ge reyuircyf hy (.ertder lapses or rrs�eti to be m etfect. Burn.uer.hall p�y the premiums reyuintii to ..
<br /> ' • • uhtam r�,�•c:rage substantiul{y rymc;�knt to the murtg:�� msuraTM:e Prrv�uuJy m�ft�ct. at a art.utKtantially eyuicalent m the
<br /> , . �o.t to &�rn�Her��f the mortg�ge �n.ur:ince prev'tou>ly� m effcrt. fn+m en altematc n���rtgaze imurer appr�+ved hy lxnder. if
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<br /> � Form 3028 9�9U
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