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<br /> Thc Funda pqall be held in an in�titutian v►hose depociu Aro in�urod hy u fademl Agency, insuumeo�li�y, or emity
<br /> --- ----�-_�: (lncluding I.cndcr,if Lcndcr is sucM an institution)or in eny Foderal Nomd I.awn Runk. I.cnder�hwll opply�ho Fundr tn p�y thc
<br /> _ Bs�mw Itcm�, I..enda��nay not charyc&►rmwer far Ix►tding aad applyioy�ho FundA,annuplly unadyxing tha e�cmw account.��r -
<br /> -_ .-- - veriiyimg the Esamw Item�,u�las I.ender{��tarcmwer imcn:st nn�he Fundx�nd�p licahir Iww pern�iih Lri�1u�t�i t�uke ruch
<br /> a chrrga.Hawcvcr. L.ender may�oquiro Namtwer tn pAy a one-dmo clwrgo Pa�an inde�endent rc�l e�twc�ux re��niog survlce
<br /> u�ed b I.ender in oonnaclinn with thi� loan. unlocA Appllcable luw providec �Nttanvi�e. Unl�� Ao Apreemom iti �twdo �x
<br /> • cd y
<br /> .,.� epp8cable I�w taquir�s interest to be pnid. I.cnder sh�ll nm Ne rcquirod t�i My&rmnwe�any inter+e!�t ur camin R�m tlw FunJx. _
<br /> _ ��,r� . &�rrowu and L.enda�msy+�rce in w�iting.howcvcr, �hAt in�c�l c:Fwll hc paiJ�►n�ho Nuixix. l.eMler�Iwll g�vc tu lk�miwcr,
<br /> --;= „ wi�haut chuge. an annuat�ccounting of�he Funds,r�+wmR cno0lts wM dcbu�N�Ihc Au�iA and thc pu�+so ior whkh c�L -
<br /> - ��-' debil l�the Fund,wac made. Thr Fund9�rc pledged a�uckli�ional.eru�i�y fi��all,um•�ct��rcd hy�hir ti�tiuri�y In,uumrm. -
<br /> 'a IP thc Funds heW by l.crnlcr czooal lhe wnuunt�permittod to be held byu�plicahlc I�w.L.cndcr�Iwll arawm to Bumnwer
<br /> ::,�, for�he cxa�Fwid�in uccord�e with ihctequi�menu���P�y+plicublc luw. li'�hr wm�unt uP ttk Futxlx hcW by I.enJer�t any
<br /> _ � Ifmo ir nd swtlicfrm to pay the Escrow Itams when due,l.e�xicr may co n�Nify Qorn�wer in w�idag,u�xf,in�uch u�.c&►rn�wcr -
<br />� shall poy to l.ender tlu amcwnt necesfary 10 111/IfC UP lI1Q dCI�CIC11Cy. Born�wu�Iwll m�ke up�ho doficiency in no moro dwn
<br /> �3r.. — twclvo nanthlY I►�Yments.ot L.ende�'s sole disc�ction.
<br />�' �-�� Upon pAyment in iLll pf all sumx securod by this Securi�y InFtn�ment, Lender s�hall pnm�plly �fun�l ta Barmwor any -
<br /> ���'-?'s:�,,....� ,' Funds held hy I..ender.lf.under�aragraph 21. I.,endar xhpll acquire o��cll the P�n�ny.l.endcr. p�iar to�hc ncyuiaidan nr sale -
<br /> -"�"������ti�� ' of�he Property, slwll apply any Funde held by Lcndor at the time of ax�uisitian or�ule u�u crcdit uRuioct ihe�ums secured by
<br /> �.f'4..:!aA.s•s�.,i� lII�R SlClt�ly IIIR[NI110EN. _
<br /> ,. `�,�,�,r`t�i�� . 3.Appllentioa ot Paymeate. Utdess applicuble Ivw provides otherwisse.all paymenls receive+l by Lender under paragraphs
<br />- 1 and 2 chall bc applfod: flrst,tc�any prcpaYment churge.c due under thc Notc:r�econd. tu amounts payuble undcr parograph 2:
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<br /> -"' :�;:,;s� � ,, �hird.to intenest due;founh,w prircipsl due;and lau. to any late charges due under the Natc.
<br /> " "' ��'.•,' �=' :?�'� . 4.Clu�rgw:Liea�. Borroxer sda�ll pay ull taxes. usscssments. charges. fin�and impositia�s an�ibutable ta the Property -
<br /> � � which may attnio prioriry ove�tAis Secuaty I�strument. w�d Ic�sehald pAyments or ground rents, if uny. Borrower shall pay -
<br /> thae obligatio�in the m�nacr ptovidod io�raph 2.or ii'not paid fn that manner,BaRawer shall pay them on time directly -
<br />�'"_ ;,__ Eo the peKc�s���x p�y�snrns. ::arraa�r st�S!praasptly fumish ta I.:.ttdcr a!!�aticcs af anw►w�.,iu be pa�d under this paragtaQh. �
<br /> -_ 1. ----T�•�npac� If Borrower makes tl�ese payments diroctly.Harnower shall promptly fumish to I,ender r�aceips evldenc�og the paymems.
<br /> - ' `r;,�,�:���'?,,, Bonowe�ct�all promptly discharge nny lieo which has Prioriry over this Se�vrity instn�ment unCeac Bomower. (a►ag�ees in
<br /> . �� , � ,`,..,;-wx`' waittRg W tt�e paya�ent of 1he olali�ation secured by t�e fien.in a manner accepu►ble to�ender,(b)camtcsts in guad faith the lien
<br />- '���:`������'�k�•'j�'�,'4:. by, ra defends agaiiut enfbrcez�emt of the lien in. IeEat p+roceedings which in the Leader's �*pin�a►n u�s.�:e cv prevent the =
<br /> t!+1. ���,"� u
<br />�_ � ^ ''�� � �':�;�"#r�""�"`'`�` en�'�rcement af ahe lien:or(�1!senuvrs firnn o0ae hpldcr of the lien an a reement satisfucu� t�O�er:i•er subott�inaan the lien to :•
<br /> l:F"r r;:��t'T•:;�� B ty B _
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<br /> � this Security InsGOUment. lf l.ender deteronia�ec�hat any part of the Property is subject t�a lien «fii.M may attain priority over
<br /> -" �;�y;�-,�ti;'A� .,� `? this Securiry Insuument, L.gnc�er ta�ay gi�e�.��rower a notice identifying the lien. Borrower sPiu80�aa�sfy thc lien or take one or �
<br /> , � ��,, w morc of the actions set forth aho�a within�D�days of 1he giving of notice.
<br /> '` ' "��`�•'i S. Hwzard or Pm�er1 lasuranoe. Bdrrower shall kee the i rovements o�o�tiv exisling or hercaRer erected on the
<br /> . .•�`.',, `�' P mP -
<br /> �� _.�!rF�;�s Property insured�gait�.Yt Cos� fiy fire, haxards included within the term "eatended covc;ragd"a�xl any other ha��nls, including -
<br />.�4;;, � �:ttf•' floods or tlood:�,far w�ich l.ender requi�es insurance.This insu�shall be m:►intadned in the umounts and for the periods
<br /> - � -,-,� thas L�s r°^.,,,::d:-��. '!'!x irsur,�nce csrrie:^:��idi�tlse 3nsorssx��t�:�:! �x chosen b;��gprr^SCL:s::+�ject so!_.zs�d=s's approve!
<br /> nx
<br />�•�`.�. '��:,!;� ,,::.�_ which sFwll not �c unreu�onably withheld. �f Bnrrower fail�tn main�uim rnveroge desrrlbed�bavc, Lender m�y. at Lender'�
<br />'��•a;� �r;;,;., :,•.�."��'• optiou,oMain ouveroge ta+prote�,h[.ender's rights in the Pnr;aeny in accordance wi�h pu�ugraph 7. _
<br /> , ' "�;�% ' All insurarx�e policie�artrd renewals shall be ucce�p�at+ie to I.ender sind shull i��c9wde a staodurd mortguge ci�wse. I.ender =
<br />•• �'.� ; :.�:'r;;j�'=s�` ,'t,.��' 's:��U have the�ight ro hold th•c ticles and rcnewals.�6 Lcr.der requires,Sorrower sh��19 prompt,y givc to Lender a11 receipts of _
<br />•-�.--!:_� �.:�•y,�•t�:� i�}`�`' , paid pretnlums and renewal noc�es.ln �he event of la�.s.Surrower shall give prompt notice to!hr inweance ct�mer and l.etuler.
<br /> � �':r;1��-.:�,�'';}St;h��?+ Lender may make proof of loss if ncu rowde pm,�:ptl�•b} Borrower.
<br /> , � ';�;,;::�N}'�t -_ . Unless l.ender and Borrawer olhetwa,�e arrc��n x•cidng,insurnnce prnceeds sha91 �be apyl�ed ta restoration or repair of�he -
<br /> ' '�����,� �� Proporty damoged,if Ihe restEi�uai��nor apsair i+ecan��m�icully feasible ond Lcnder's ze.�rity ia nollcssened.If the restaration or �`
<br /> ` � '�:'�;'�f�i
<br /> - � , �' ,r,,5,;f;;, rcEwir is not ecanomicAlly fe�sihte or d.ender's�;ecurity would be lessened,the insu�ance prcueeds shall be npplfed to the sums .
<br /> _.,`_,;;' : '. s����,'���- sesured by this Securfty Instn�ment. whether or not then due, witb any excess puid Yo Borrower. If Borrawer nbandons the =
<br /> - �' j! .,'?�r �b „� Property,�r daes not anawer wi�hin 30 duys u notice fram l.ender that the iosur.�ncc rur►ier ha.g oifered to senle a clnim. then =
<br /> ` �'�•;` #,;;� v �i^,,�.:��:. Lender may callec� the insurance proceeds. Lender may use the proceed� to repair �r re��ore Ihe Propeny or to pay sumc , -
<br /> ,�,,�>%;� � ;,; � : . secured by this Seca�ily lnstrument,whether or rWt then due.The 30-dny peri�xl will bcgin when the notice is given. _
<br /> - '••' ;' �d �E•.• . : Unless I.ender und Bnrrower olherwi+e agree in writing. any applicution of p��ceeds to principal shall not extend aQ ' ;
<br />;_�¢,�.,., .��. c';s. • , •.
<br /> �� ��,�'' , pastpone the due date of thc monthly payments refened to in parngraphs I and _ or changc the amount ol't9�e payments. If
<br />':r�''• S"�j';1,�7�?'' .•� uoder paragruph.I the Property is ncquired by Lender, F3armwer's right ti►uny insurance policies nnd pmceeaDs nesulting from
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<br /> , •ti j^�._ .r,�.,,�{ dwnage to the Property prior ta Ihe acquisitian Nhall pn.tis to Lender ta the rxtent��f the aums wcu�od by this Securi[y Instrument
<br /> • �",•"�:`'��,}�.,�,� immadiatel nor lo thc ac isition.
<br /> .t.�,::,:4:,�:y�,•;�,�: Yp 9� �
<br /> � •� •; .r�� :q�r,N�;y:��;, �'. 6.Oeaipancy.Preservation, Maintenance and Protection uf t6e Properly:Bnn�ower s Loaa ApplkaUon; [,e�eholdR.
<br />-.,;y` � }•..•_+:� ,,,, ;���.•'• - Bornnwer shall occupy,es�ublish,and use the Pmpeny n�Borrower',principal►esidence wi�hin sixty d�ys after Uie eaecution of -
<br /> � ��*}��' �`�+�='�.:. thiF Security Instrument and shall continue to cucupy thc Pmpeny u+Bormwer'�principul residcnre for at leu�t onc ycar afler =
<br /> �„��„`. t s�i�., --
<br />�-�.��:��• ;' •t�;�,�;��;�'�'�,! the dute of'accupuncy,unlCtis Lender othenvi�ogrecs in writing. which�ronsent�hall nol be un�nubly withi�eld,ar unless _
<br />`�,;+;yj�;;, �: �..4' �.,�.� extenuating circumstances exist whlch arc beyond &�rruwer'ti amtrol. &►rrow�r shvll nat destruy, damage or impair � -
<br /> 'r'•�.�ti 4 Propeny, ulluw the Pmperty to deteriorote, or rommit was�e��n the Property. Bonmver shall Ix in defaul� if any forfeiwre -
<br /> .�:$,�� � '�`'`+��'t.���
<br />"��'����'�, � .� ��- -� uction or mcee�iin . whether civil ur criminal,is hc un thut in lanJer's axl faith'ud ment could retiult in forfciwre oi'the =.
<br /> , t� P S B S 1 R
<br /> �:;��i�y ,� ��;��Y ;,,.,�, • Property or othenvise muterially impair the lien crrated hy�his Sctiurity Instrument or Lender'�+ecurity intereu.f3nnower may _
<br /> . ���..
<br /> �,ti�,fiy4: „�?r�,_; ;�r?«,:�:y, cure such u defuult And reinstate,us provided in paragr.�ph 18,by ruusing the uctian ar procceJing to he di�misseJ with u ndin� __
<br /> 'l;�;Jl:; � , �� � � . ;.� thal, in I.ender's good failh determinution. �recludes li�rl'citurc uf the &�rruwer', intcrest in the Propeny �►r uther materlal =:
<br /> �:i,;�;��;;:,. � ;7:��;�{.�.'„y=`rJ.?,, impairment af Ihe lien creuteci by this� Sccun�y Ina�rumem ar Ixnder's .ccurity interc��. B�irrawcr shull als�i t�e in Jcfuult if
<br /> ='�i:"''•; �;' 'E:Y•:•�:.r.�b!�`� gorrott�er.during thc I�u�n applicatirn�+rncr��.�a�'C 111:!!l'I'1:lII}'IJISC�li 1i1:I�illi':ii�IUfi11'ii1�UOIl Ut'.laten�ent�tu Lendcr i.�r i'ail��.l "
<br />"�_ti'��4'S;'.,, �'"��'�,'•'�'��?i� . ,'.� w pr�wide l.ender with uny muteri�l int�xmutiunl in r�nmerti�m ��ith �he I��an�videnr�wl hy�he N��ir. iiKluJing.hw not limitctil =.
<br />"�:,i�':41j� ��y :tr,�;��. ' '`• lo.reprerentatiom con�rrnmg B�xrowrr'.auupanr�ut'�hr I�rnrxm a.:������,�p�i rc,i�trnrr. If thi�Securily In,lrument i.un a _
<br />:r,'�t,;:�r'�' j b`,•�i:ti:�.,;' ' � -
<br /> ;:t,t,,...ti. �T . leasehold, Borrc�wer �hull cuu�ply with all �hr pr�►��iniuu. of lhe Ira�r. 11� W►rruu•er �ywre. I�t IiUc li� Ilic !ru(k rt}. 1h�
<br /> . „ .•.� � ;� leasehold and the fee tiUe.hull�xit merge unlc+�l.cnJcr ugnc.to the mer�cr in writing. �
<br /> �� ;. ,,.; 7.Protectlon ot Ixnder's RlRhlr:in thc Propert�•.II'F3�►m�N•cr fail�Iu prrli►rni thr ru��cnunt,a�xl u�trcemcm�.cantained in �_-
<br /> !� .. .,,;, this Securiry Inrtrument. ��r there i.a Ic�al pnx«tilinE +ha� nwy,i�nitirundy alT�tit l.enJer',ri�th�� in thc Pn►peny�,urh a�a .
<br /> . . •• prcxceding in bankruplcy,prot►aic. li�r r�mdemnatiun i,r li�rli�iwn nr u�coli�rcc I�w���r rrgul�tiun.�. �hrn lAixlcr may du und �
<br /> � . ; '', ,.• = P•ry I'or w�ha�e�•er i� nccr,�ury ui pnN��ai�hc�•alur ul'thc Pnrykrly uixl l.endcr'. right� in thc Pra�rty. I.rixlrr'+ :Klii�n� nwy ,
<br /> . „ „.
<br />-;,�.„ ' � mclude paying •rny �um� .recund hy a licn w•hich ha, priuri�� uvcr U�i+ ti�tiuri�� In�trumcn�. rp�xarinF in ruun. puyin�
<br /> "- �r_f�d!��� ....._...._��,_..__.......• r�.. _..a .......;.... .....�_ n__�_... .:_ •�.� � � _
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<br /> __' —__ .. _——_ _ _ - ��.we.nrw��Y\\\II IM1�.� . .. �u���oq: .m�n� ��v�n��� i.:iiw7w� T���ia��. r�u�u.iiliu �.iiws�� uw�y i.iw�ii►ii�ii�uiwn� uu.�n7iwiti�i���
<br /> � :�j` • ;:,:�: 7. Lender d�xh not have���Jo u�. :
<br /> �" An ami►unt� di�bur.�.d h lAndrr unJrr thi, ar�•rr i 7 .hull tktumr adJfnuiwl Jcb� ui ti��rmµrr Kwuad hy Uii.
<br /> �z �;�� . Serurity In��rumem. Unlc+.&�rn►HCr u��l LrnJrr •r�Rr t i��I�cr t�rm.�►I'pu��imn�. �h�x auwuin. tihull Ixar inlere�l fnnn U►c `
<br />. �;;;t,,;;,,, '� da�c of Jirbur.r•ement Lt tlk Natc ra�r aiul ,hull t+c pnyublr. w•ilh inlcrc.�. u�m iH��irc Irum laialcr tu li��rn�wcr n�yuc+lin�
<br /> �,;,�.•, , ,,; ,.. pvyment.
<br /> =`';:i�`.�tj �,:"�.:;r: 8.Mottgttge lit+urunce. If l.ri�lcr rcyuir�til mort�.a�.� inwrancc a.a cundih�m uf nu�k�nE thc luan ktiur�til h� Ihi�5itiuriq•
<br />�:;::5.;.:..,� ;����.�,' „ ' . �. ,
<br />�.;•; ,' '.,�s51� Imuumenl. &�rn�wcr �holl pay th�prrmium. reyuintii a� muirnain thc mangogc in�ur�nrc �n rll�wl. I1. li�r :un rca.an. thr �
<br /> „ �11.:••• ' ry-: .:
<br /> �i�;:.• , :';j.,.„ monguge intiumncc rovcr.�ge rcyuind by Leixler lapk.ar�cr�r.ta t+c in rltiYl. ��miwcr,hall pa� Ih�pnmium.n�yu�r��l�u I
<br /> � �� .�'s� .' i�t►tain rnvcragc �ubstunlially ryuivulent t�� �he nx�nga�e m.ur•rnce previ��u+ly n�rtt�tt. a�a ro+t .ub.tu�niulh ��yuivalrnt a�thc
<br /> . .:,.5`..,�„ ° �� , co�t tn Borrower of the mnnguge insurnnc�e prevnw+ly in efl'�tit, tn►m un ultertwtr nn�rt�tu�tc in+urcr uppniv�d by Lrixlrr. 11' '
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