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<br /> ' Thc Fundti tiIIAII I1Q I1t1IlI �ii 111 in+tituttan whosc deposits �►rc insured�y u fCdCTAI�A'�RCY, instrumentulity, or entity "�,.;,
<br /> " tincludin�l.ender,if l.indur i>�auali nu�nstiwtion)or in un,y Federnl Home L.onn Sank. l.ci�der shaN apply the Fund�to pay the �•�`�
<br /> ' Escrow Item+. I.endar imry nat cii�u'Qe 13nrruwer fur iwldin�and applying the Funds,unnuully unalyr.inb tlie escruw account,or ��L,
<br /> • vcrifying tl�c E+croa�Itumr., unlav.Lander pays Borrower interest on the Fundti and u{�plicuble law permics Lendcr to'make tiuch
<br /> u churgc. Ho�vever. Lci�dar mu)� rcqui��Harrowe:r to pay a one-time churge for un independent real estutc t•rx reponing ncrvicc �;;;.,
<br /> use.d by l.cndc� in cunncction witi� thin loan, unlc�s npplicuble luw providM uthcrwise. Untek+ an agrecment i� made ��r �_.
<br /> upplicublc luw reyuitti:s inturaat t�i be g�aiJ, l.cndcr tihall not be reyuired to pay B��rrawcr any intcrest��r carnings on thc Fundti. �-
<br /> Aorn�wcr amd I.cnd�r mny ayntc� in writing,huwever, thut intcrest shull be paid on thc Fundti. [.cnder sh�lt give t��aormwer. �
<br /> witliuut rharge, nn annunl :�ucuantinu of thc Funds, showing creJits nnd debus to the Fundti und the purposc fiir which each ��,�._.
<br /> dabit tu thc Fundr�wu�nmdu.Tlw�undn urc plc+igeJ a�additicmat securiry tur ull tium��,ecureJ by th1.S�cuhty Instrument. �
<br /> ' � If the Fundr,hutd by L�mlur exrred the umaunts pemiitted to be held by appllcuble law. L.ender shall urcuunt to H��rrrnver
<br /> --'i, fur the excess Funds in uccurAance with the rcquirements of upplirable law. If thc umount of the Funds held by l.endec at c►ny ��.
<br /> �:•�+5�"� timc is not sufReiunt tn pny thn Eacrt+w[eems when due,Lender may sn n��tify Born�wer io writing,und,in xuch casa Burr��wer --
<br /> - --• ''� sh�ill puy cu I.cndur thu umntmi nccchsary to mukc up thc defriency. 8arrowcr shnU mukc up thc deticiemy in n��marc than =._
<br /> <� twclvc mnnihly puyntantx,nt l.cndur'4 sulc Jiscred�m. ��
<br /> Up��n p i ry m o n t i n f u U o t u l l y u m�s e c ured b y thih Sccurit y Insttumcnt,l,�ndcr tihnll pr<►mpUy rcfund tu liurrm��cr imy __
<br /> Puttdw hcl�t by l.c��dur. II'. uitdur pnr�gruph 21, l.cifdrr tihull ucquirc on c�ll thc Pruperty. I.endcr,p�iur tu t hc ucyu i�i t l�►n a r n��l c �__
<br /> uf tl�c Pru�erty. ,ht►11 uppl�i imy 1�umis hcld hy I.cndcr at tNc timc�►i'ncyuitiitl�m ur r�►Ic ati u crcdit uituin��ihc�um++ccunrd by q�
<br /> thi.r Scrurtry In�UVUlont. •_-=-.
<br /> �. Applicut[�m nP I�t��r�mintc�.u„i�.:�����+�:�i,i�����y r«,�+a«�,a,����+y�.�dl��nymcutv rcreivrd hy l.c��dcr undr�•paru}?rnphr _
<br /> 1 iuid: �huU hr i►ppliu�l: tiani.t��nm� prrp�ymcnt churgc�,dur undce tMc N�►tc;��cond, tu umuunt�payublr undcr paruHruph ?.: _-_
<br /> ,, '� ti�ird.U►mtcrr+t duu;li►u�v.b,to princlpal due:und lust.ta�iny liur ehurgr�duc un�lcr thr Nutr. _-_-
<br /> 4.('h�tl•(����i l.innt�. l�.trruwcr,hull pay nll tuxcs.+�.r,rs,uicntx. cimr�cs. linr.r und i�u{x►.ition,uttrihutuhle tu the t'ruperty
<br /> ' . which �nuy uttai����r+�►�•!ty a��Ur tNl�Securlty Imtruatcnt. und Icu+chutd pi►ymentti ur gruund rentti. if uny. Horru��•cr �I►all p�y �-
<br /> ihcsc�,hligidiun�in thu m�mnur prov��l��t in parugrnph 2.ur if nut puiJ in thul nwnncr. Qurru:vcr,t►uti puy thrm cm timt direct4y �
<br /> ,� to thc pery�m u�ved pny�nuut, H��rro�vrr nhull promptly furni�+b to I.cndcr ult nnticcs uf umuunt�t��br pa�d undcr ihi+p;arag�upN. �
<br /> ` •' e 1f 8orru�vcr ntukcr�tltur�c puyntunte dirccdy,Horrower rhull pron�pUy furnish tn lsndcr receipts evidcnring thc paymcnt�. _
<br /> Bc�rra�vcr tihull pn�mptiy dinch��rgc uny licn whicii hus priurity ovcr thi�Sccurity In,trumcnt unlc,s Borniwcr: Iu1 a�srecs in �_
<br />_ "'� writing t��thu paymant of thn nbligution secured by the lien in u munner ucccp►able t��l.ender;(b)contests in ga��d fuith the lien
<br /> • „M by. or defands nguinr,t entii�:ement i�f t he l ien i n, I c g u lp r��c e e d{n g s w h i c h in the I.ender's o pinion operate to provent thc
<br /> enfurccment af'tho liarr ar(al hccur.:s from the holdcr uf the licn an agreemcnt s:stisfnctory to I.cnJcr+ubordinating the licn to
<br /> ..;, tbis Security Insuvmunt. IP J.endur deter►nines that any part of the Arapeety is subject to u lien which muy uttain priorlty over
<br /> this Se�urity In�trum�m• Lemiur muy gtve Barmwer a notice identifying the licn. Borrower shull suti�fy the lien ur tuke one ar
<br />- ° '' marc of the uctions�net f��nh��b��vc within l0 days of thc giving of noticc.
<br />'� . � . :. : S. Huxard ur Q�9t��ter1;Y Inhuu�uttce. Borrower shull keep thc improvcmcnts now existing or hereaRer erected on the
<br /> ��' Property insumd u�ui�nt luh;�by tire,bnzards inciuded within the term "extended coverage" und any other hau►rds, includin�
<br /> ' 'a' ����nr fis�}n�. f�,r whG�h I�ndcr rcquires insurancc. This insurance shall be mnintained in the umounte and for the periods
<br />' '"�"`���•� thut Lender requires. Th�i inta�runce carrier providing the insurnnce shnit be chosen by Burn,we� ,utj:�i ta Lcn�'�'s B�QiQYQI
<br /> a�,,,. '�~:°��'!::;;+ wh{ch shull nnt bt uniru:R►nuhly n�ic4�held. If Bottower fuils to muintain coveruge described above, l.ender may,at L.ender's
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<br />:�•,. �,�,;'�.,:� option,obtutn cavemgu tu pro��sct[.�rnder's ri$hts ln the Propeny in accordance with paragraph .
<br />��,��ti;,,,,��#A Atl in;urance policiud and rertewuis ahuU be acceptable to Lcnder and shall include a standurd martgage cla��se. i.ender
<br /> r,� ,.,, :��;,., shull have thc�righl tu h�ld tl�a�ulicie�and mnewals,lf Lender requires, Borrower shall prompNy glve to I.ender nll reccipts of
<br />-��-,��;����-+«� �id prcmiums und ranawr�t nnt.cc�. In the cvcnt of loss, 8orroW�er�;hall�ive prompt notic�to the msurance carricr und I.c:nder.
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<br />�,_�-�;:;.,�G• �N ndcr mny mukc pa�of nf I��e�,if n��t mada promptly by Barrower.
<br /> °��-%;�•`{'1�'��: ' Unless Lender und Barn�+NCr nthcrwise agne in writing, insur;snce procceJs xhall be upplied to restoration or repair�f the
<br /> ' °`�r!"'''Y Propercy dnmaged,if tbu r�tatunatiun or repair►s economically fcasible nnd L.endcr's security ts not lessened. If the resm�ntion or
<br />�„;.Y;•;�''�..��� repuir is not eean�imiculdy fau:iibl�s ur l.endcr's security woutd be lessened, the insurance proceeds shall be applied to the sums
<br /> '- •`�'�'' secureel by this Secur,tv in�nvment, wheiher ar not then due, with nny excess puid m Borrower. if Borro�vee abandons the
<br />_�:,�;,`•i�';•�� -,
<br /> _...�.,:t ''°4 � Property,or daes noc an+,wer�.�lidiin 30 days u noticc from Lcnder thut the insurance carrier has offered to settorita� am�sums
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<br />-="°�'�•�• I.ender may coUact dia ine.ui�nce procceds. I.ender may use the procceds to repair or restore the Propercy p Y
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<br /> �,,;s;.i j.` sccure�by tbia Sccura.ry In�ttumcr.e.whother ur aot thcn duc. 1hc 30-day period wfll begin when the notice�s grven.
<br />-.---���w,��� Unloss L.endur and Horr•�wer utherwise agree in writing, uny appltcutton of proce�ds ta princlpal shaii not extend or
<br /> _ _��:��,�� ppstpono tha du�dntu oF U�a�ionthly puymentR refcrred to In paragruphs I and 2 ar change the amount of tho payments. If -
<br />-'���R;+.+;;�.,s��+� under puragrl►ph 2t tNu Pn�perty is acquired by Lender, Borrower's right to eny insurance policies and proceeds rexulting fmm
<br /> a°�ty;��?`'�i d�imu�e to thn Pcvpar�y p��r�+�1Me ucquisition shuU pass to Lender to the exrent af the sums secured by this Security Instrument
<br /> ���'�� " + ' immedintoly priar ta thu ncqui��itiun.
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<br /> - 6.Orcuptmcy,�t�t�mrvaelun,Muintennnce attd Protection of the Property;Borrower's I.nan Applicatlon=L�asefiolas.
<br />���i:�'�'� gorro�ver shiill occupy,eatabt�.+►h,and u�e the Property us Bonower's principal residence wtthin sixty days after the execution of
<br />'x�"�'�`=°•7P1�� this Security Ist::tivmcat and sh+dl conttnue to occupy the Property as Borrower's principal residence for at least one ycar after
<br /> �""�.,�:.��.:��`,��� the dat�uf uccup�mcy.unla�s L.ender otherwite agrecs in wrtting. which consent shali not be unreasonably withheld.or unless
<br /> �"'��-�-� extcnuutin� C1iGY111h1iH1\.��, �x.,� v.i�i�A .uc b�yond [2�rrotvcr's contml. Horruwer �haU nat destray, damage or Impair the
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<br /> W��r� � '+� Pmperty. i►Uu�v thu Prupect;� tc�deteriorute, or commit waste an the Property. Borrower shall be in default ii'miy furCutur� �
<br /> °'�`��"• nctton or proceedin�,whathGC civil or criminal,is begun that in I:ender's good fnith jud�ment could msult in fotfeiture af the
<br /> -r�•�'�i��r "� f Praperty or otitnrn�l��u mtnur'ai{ly impnir thc lien creuted by this Secudt Instrument or Lender's secudty interust. Barrower may
<br />�_���V��f�� �
<br />�t,y�,:�,�,�'..;;,r E cum such u dofuuU und tuinH;use,us provided in parugruph 1 S,by cnus ng the action or proceedin�ta be dismissed with u ruling
<br /> ����� ,,,.;��t��� thut, in Lendc�r'x guud fuidt �tctcrminutinn, pncludes forfciturc of thc Borrower's interest In the Praperty or uther matedui
<br />_ -:;:���'.�.:,�.�'��-'; , impuirment of thu liun cnsut�sd by this Security instrument or I.ender's securiry interest. Borrower shull ulsu be in defuult if
<br />;•;:•`,;i,�',j;i•; r � Borrowcr,durinn tNu l��on appiicutian proccti�,guvc mutcrially fulse or inuccurutc informution or stutemcnts to Lender(or tuilai -
<br /> -.•` � tu pruvide L�:ndar�vi�l�any»>utcrial informutiun) in amnection with the laan evidenccd by thc Note,including.hut nat lirnitcd
<br />; �� ;/�`.'..' '' to,representutions concemin�t Aurcower's uccupancy of the Propeny ns u principul residence. If this Securiry Instn�ment is on a _
<br /> `� ' leaschold, Bon�c�n'er si�ht� ce'mP�Y with ult the provisions of the lease. If Borrower acquires fee titlo to the Pmp¢rty. the LL
<br />,,::. : •�•, ., ,
<br /> �::�.:�,;: �::�; •,��- Ie�ischold und tNt�fisE titict shnli nnt mcr�c unless i.ender agrees to the merIIer in writing.
<br /> -:: t. •, �,Frotecttum nf i.endur's Right�in the Property If Borrower fuils to perform the covenants und agreements contntned in
<br /> ' , ` ��`l thf�,Security Inntiumunt. or t:�ore is u legul procecding that muy significanQy allcct Lender's ri�hts in the Prc�peny tsuch ns u
<br />- ;,:�;, '•:. proce�ding iu NunF:�aptuy.prabute,for condemnution ur forFeiture ur to enforce luws or re�ulations), then Lender muy do and
<br />__�..,,��?__„�, �uy fnr whutuver iri ne:c.�.u�ev���p hv�n i nVwhlclf has P on'tyyo cr hi dScruri y�Instrument�uppeur ngin•eoutt�payin�
<br /> mcsudo pny�.�y ��r ..»•:._ _..__.--
<br /> ' � , ':-��;,� rcaticmi►blc attorney�' l'oc�und entcring on thc Property to muke rcpairs. Aithough i.ender may caicc ueii����u�n:�+�:.:o�.:..»o:�;"= -
<br /> � • ,, � ; �- 7.L.cndcr ducs not hurc tn du•so. _
<br /> _ . ., ;; Any um��unta disHurved by Lcnder under this purugrnph 7 shnll becorna addittunnl debt uf Bornm��er secured by this
<br />- . � '� �u�f dir.b nioment ut�tl�a N t�wuteUUnd hatl bc p•ay ble.tw th nterestp pon noticecfromuLenJc tt�Bormwcryrcquc ting -
<br /> . , dutc.
<br /> - � �� ,. ;:. _
<br /> • payment.
<br /> — "i_,�.},;¢ 8,A'L01't({A((4'ItlBUC3IICC.if l.cndcr rcquircd mortgugc inwrance:�s u mnditian uf muking thc toun s�wun�ci by thi�S�tiurity
<br /> � "'�`�''"' '`t`'S' instrument, B��rn��vor shidl ��uy the prcmiums required tc� maintuin the mortga�c insurunce in effect. !f, fcir uny reasun, the
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<br /> l <<�.��,�,,:.:.:•r.:�;,�,,,f7�r��. mnrtgage inawuncc rnven�uc n:yuired by L�:nder lapses�ir ceuses to bc in effect. Burrower shall p:ry the pmmiums reyuir� tn
<br />_ • L�;�a obtuin coveru�tc auhetuntiuliy eyuivalent to the memguge incurunce previously in effect,ut a cost substuntiully equivalent te�the
<br />— '`'`�;, cost to H��n•��a'er nf tho m�rtqgugc insurunc�prcviously in effcrt, frcni� :m altcrnute mortgnge insumr npprovcd by Lxnder. If
<br /> ° ' • ' Dopo Y ol d Form 3028 8I00
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