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<br /> ]1M�('urK4 rhali bo held in u1 in�dtution whoRe dopaaitl.are intiuted by a fak�l +it�on�cy. in�tcumentality. or eniay � ' -
<br /> (ineludic�l.a►der.if Lcncler i�:uch�n institutlon)or in�»y Necier�l Home Ln�n Banic,l.ender�ta�ll�pply the Funds w p�y 1f+e
<br /> Facmw Iteabi.EcnJcv axy not�IuuW�Borrowar far holdi�y�nd�pplyfn4 tho Fund�.wwd{y an�lysins she acrow�000unt,or
<br /> verifylty�the 8semw Itaiu.untess l�ender pvys Hon�awer inte�e�t un tlise Fund�and I�irab�k I�w permiu�.ader W ro�ke wcY
<br /> �clwfo.tiowava�I.ende.r mryrequin0 B�xrow�ar ta p�Y+�onatime chane for�n i ceal al*ta'taa rq�u i�m�de o�t
<br /> wod by t�ender tt► oont�ecticm with thi} lan� unloss �ppifcable law provides oU�erwi�e. Unlou �n�yt+aetneru
<br /> � �pplk�ble!aw roquir+a ltuaest ta be paid.Laxkr shvl nW bo req+drod b pry Borrower uiy 1�ott�n�x oa the Funds.
<br /> Borrower ud L.ender may�g�ae in writing,however. th�t�nterest atyll be paid on tho�unda. r�hall�ivo W Bon+ower.
<br /> without ch�rQe, An atutwl Acoountin�of the Funda, showin�cmdiw u�d debil�to the Fund�and tha put�pose for which e�ch
<br /> dabit t�thc Funds w�u m�de. Tho Funds wre pledged es+ddit ond�xurity for dl wn��avrod by this Sa��lty Insttumo�t.
<br /> �-`��-^� If tho Fwuiz held by l.ender exceed the amounts�xrmitted to be held by licable low.l.ender af�all a�r.aunt w 8atrower
<br /> - for the exoaa Fund�in aocord�nca wlth cho roquinemenu of applipble I�w. If�amount of the Funds held by l.ender at any
<br /> time io not sulficient ta pay tt�e Bscrow Uems when due.Lender may w notify Borrawer in wdting,and.in auch ce�o lbrnarvar
<br /> shall poy to Lende�ehe w�wuntnexs�ary to rn�ke up Ihe deflciency.Borrower�twll�aake up the deflciaxy in no mn�e 11w�
<br /> twelve monttily payments.at Lendor's so�e discrotion.
<br /> Upon paymont in full of all suma sacurod by this Securily Instrument. Lender slwll promptly rafimd to Borrower�ny
<br /> ---__°-_----� FwMlu I�eW by I.endcr.If. under purugrnph 21.l.ender ahal!acqulre or�sell�he Pmpeny. Lender.�rion to the acquisiNon or Wo ` _
<br /> - - -- - of the Property. ahnll apply uny Funds Mtd by Lender at the timo of ncqulsicion or celc er a crodit ng�inrt the wma secured by
<br /> this Sccudty Inetrument.
<br /> 3. Applkatlon of Pa�va�e+Ma.Un[ess rq�li�cab�le law provldes otherwise,all paymenta received by l.ender u�der prragrnphs
<br /> 1 ard 2 shall be appliod: rst.to ruqprepay nt chargcs due under the Nota: saond,ta amounta peyable under parogroph 2:
<br /> thi�d,to interest due:fourth.to pnr��pal due;�and Irasst.to su�y tate charges due under the Note.
<br /> - _ '�a �, Cp�r�s;Lfeag. Bor�ower ahall,�+ ull taxes. assessme�nts,charBcs. fines and impositions attributable to �he Prop�ny
<br /> _ which rn�y aaain priority over this Secvr�ry lnstrument.�ud�easehold payments or ground rents, if eny. Borrower ahall pay
<br /> ,��r � ttkse obligatiais in the manner pravided im puragrnph 2,rr if•pot paid in that manner.Borrower shall pay them on time direMly
<br /> �• t�,,,�f.
<br /> - .� k•,'::�r. to 16ie person uwwl puyo�ent. 8onower alta�l�mmptly 3urrsish lo L,ender all notices oi announts t�be paid under tbi�puagraph. _
<br /> ' ^yC• 1;,:�. ,�+�
<br />; • ,.. If�cKr�+wer makes these payments direclly,�m►wor efinl]promptly furnish to Lender reai�ts evidencing the paXr�neau.
<br /> �,f, , ��5- pZ►trawer shafl promptly discbarge any e+en whieh hac ptiarity over Ihis Security Instrument unless BorroweA: (a)Agras in
<br /> '"'1r'".' writing to Ihe paytnent of the obligAtion securEd by the lien in a manner accepwble to I.ender:lb)contests in gao�d failh the lien
<br />-- - .4.',` �:;. � '.�:.,•�`.�;���t
<br /> _:;��:r,.� ��.tirv``` � � � ��.,� by. or defends againsl enfarcement of the lisn in, legal proceedings which in the L.ender's opinion operate to pavent 1he
<br /> . _� enforcement of the lien;or(c)secures from tha�holder of Ifie lien ran ogreement satisfactory to Lender subordinating the lien to
<br /> ' �_`� �,.'�"l'�ri�.r,,. '..,�. ' il�ia�cx:miiy ivai�w���ii. i:iw:in:G:u:n.�:.u�.��:i:.0:^y'r 7:^f tl.�Pm�;��� ;o cnhi.r!rn a li�n.vhirh mny aryr�D �rjtl�iW nv��
<br /> , }.1�.'l) {-s� t„S_.., .r
<br /> • .., �, �l�,����".�. ' � ::fs this Secudry Insuument, Lender mny gfye Borrower a no�9cc identifying the lien. Borrower siwll satiefy the lirn or tAke one or
<br /> ' ..'tii;� ���'•' � `' mo�uf the actions set forth above wit6in 10 days of the giving of notice,
<br /> . i:"j��'. ..'.:�rt�,'.�.'?,;,' .i!r;�;:.
<br /> -.��.<<.,;. ; �.,,,,�j.,, :�_. , . S. fl�rd or Property insurance. &►ROwer shall keep the i�npTOVements now existing or hem.ai[er erectod on the
<br /> ., ` >• ��., ��r;'"� "� Propert_y insured agains�loss by fire. fiar.ards included within the tcrrc� 'extendod coverage"and any other haTards. including
<br /> ��ti � .'����5(/1�'l:�4,.r r��r)� � �
<br /> ,,.,`; ,.�,,.4,,.;:;,;;.,s_;;,�.;� floods or floadin .for which Lender uires insurance.This insurance shall be maintained in the amounts and 1'or the perfods
<br /> �•.-.� '.,�.y� .;�ti.t���• that I.ender rcquires. The insurance carrier providing �hr inxurance sh�ll be chosen by 8orrower subject to Lender's approval __
<br /> � �" -- -- wbi�li r�iwii �xx be unrea.sonably wltl:l�ctd. !f 9onoti:�er fuils!o mafnte�n mven+gr de�crihed above, I.ender ms�v.et Lender's
<br /> :.�+�b':��' • •� , • ,.,��,,�i;� aption, obtain rnverage to pratect L.ender's rights in the Property in accotdance with purtigraph 7.
<br /> ,...ti;._ : ���,• All insurnnce policies and renewals shall be acceptable to Lender and shu11 include A stnndard mortgage clause. I.encler
<br /> � •���• � • • ::.,,`�� shall have the right to hold the Qalicies and renewals. If Lender rcquires,Borrawer shall pr�mptly�ive to L.cnder all receipts c�� --
<br /> �'�h���� " � paid premiums and renewal nouces.ln thc even�af loss.Borrower shal l give prompt notice to the insurunce carrier and Lender.
<br /> ' Lendcr may make praaf of loss if ncu made prompdy by Barrower. �i�^��
<br /> Q Unless Lender end Boirower o�henvise ugree in wnt�ng.insurnnce praceeds ahall be npplicd to restoration or repair of the `j
<br /> s r .. Property danwged,if the restorntion or repair is economically feasible and Lender's security is not lessened. If ihe r�estoration or ��,
<br /> _ %•�"'1� � repair is not economically fea.�ible or Lender's security would be lessened.the inaurence pra�eeds shall be applied to�he sums �_,
<br />:'iyj; �_ ' � � secured by this Security Instniment, whether or not then duc, wi�h any excess paid to Bortower. lf Borrower atrandons the --
<br /> ' ����'E'' � � �•• Property,or does not unswer wi�hin 30 ds►ys A notice from Lende�thut the insurance carrier hus oPfered to settle a claim,then �-
<br /> �..,, . r�M:
<br /> _ s � ` �i�}� . I.ender may collect the insurance pmceeds. Lender rnay u5c the pmceeds to repair or restore the Property or ta pay sums
<br />`_',.�.,; � ' '..'/,";.,. .
<br /> ; d�•.,:,�.. secured by this Security Instrument,whether or not�hen due.The 30-day pericxl will begin when the natice is givan. ,;:�.
<br />. l':"!�,��,, .`1.'" � � Unless Lender und &�rmwer othecwise agrec in wri�ing, uny iipplicati.�n of praceeds �o principal shall not extend or �
<br /> ".;/�;;•�.. ��," postpone thc due date of thc monthly payment�refcrnd to in puragruphs 1 and 2 or change the amount of the payments. IP ���
<br /> '�'��'��...; �' �!-`` � ��;���: under pa►agrs�ph 21 thr F�upe��y i.ucyuireJ hy L�uder.&�rrowcr'r righ�to an��insurance policies am!proceeds resuhing from ����
<br /> .;,��;� .� ��;�.r:;�!;;;.� •� �..�;��� damage to the Propeny prlar to the acyuisition shull puss ta Lender to the ex�ent of the sums serured by this Securi�y lnstrument
<br /> .,.
<br /> �•.,, ,..r,;,., ,.„
<br /> ,��,.; •:� .., :; n.,. immodiately priorto the acquisition.
<br /> , '_�.��;; '� '%i!;';�.:'�: �•� 6. O�cupancy. 1'reservulion� Maintenance and Protectbn of tbe Praperty; 13orrower'�Loan Applicatbn;l.easeholds. �
<br /> �"'�`�f�i Born►wer shall acupy.establi.rh,and use thc Property as Borrowcr'ti principul residcnce within.rixty duys ufter the execution of
<br />'` ''•��� � � � this Seruriry Instrumem and shall continue�o�xcupy the Pro�x:rty as Hnrmw•er'y princi�l re+iJencc for nt Ieu+t cme year after
<br /> �;;�,�. ;
<br /> ��'-.�!•�•��' ' • ' the dute oP occupuncy, unletis L.enJer a�hcru►�ise u�rees in writing. which cnnsent shall not lx unrea�onubly withheld,ar untes� _��
<br /> r`:. .a�,�r �.;. .. . �,f
<br /> . ��� ,,,. •. extenuating circum�tnnces exist which ure beyonJ Rorrower's rimtml. Borrnwer xhull nin dextroy, dAms�ge or impair the r„
<br />_ � �'(t�:..3r�•.. Property.allow the Propert� �o de�erior•rtc, ar commit �vas�e an �hc Property. Bnrrowcr shull be in default if uny fbrfeiture
<br />` k ;' �',�:�;� action or praceeding.whc�h.r rivi l or crimi�m l.is t►egun�h;�t in LcnJcr'+gaxl fuith,jud gmrm cou1J re�ult in forfeiwre af Ihe ;��;
<br />�`�+' � ,�''��•'+���'��� Property or otherwise muterially impair thc lien crcatccl hy this Sceurity Instrument��r 1.cnJer'.security intcrest. Borrower may :y���.
<br /> y��:�'<<'�•' �.'� � cure such a deFnult and reinstate,ax provid�til in parugr�ph I R,hy causing the uctiun or pnxe�Yling to be JismisseJ with u ruling
<br /> �
<br />'"�i�•:� �:� �• " ' that,in l.endcr's gucxl fuilh detcr►nin�niim, pnrluJcx ti►rl'riwrc uf the H��rrowcr's intcrest in thc Propcny or olher mvtcrial
<br />�-����" '' � •� impufrment of the lien rreuted hy thi.S�tiurity Intitrumrni or LcnJer'a sccurity imeretit. B��rrawer .hull ol.o tx in detauU if :r
<br /> t .a�.;., ,.� ' •'"
<br />� f. • �� ��+'1,l,,'�..'{;ti, Borrnwer,during thc loan a�+plicution prcxc.e�.@uve ma�crially faltic ar inaccura�e information ur.�atements t��l.enJer(or fuiled ;,.�.
<br /> � K�,,;'� ',�,��•�;:��;�. to pmvide I.ender with an} maleriAl into�nw�ionl in a�nncrlion with thc laan cvidcnccd hy the Note. inrluJing. but �xn limit��l Lti
<br />�!„t, ,. f,c1,;�;'..•;, � to, re re+cnwtioro concrrnin��Bnrraw•rr'ti�xru unr•c�f thc Pr�� ny a.a rinri ul rr,idenrc. If thiti Scrurit In.trum�tii� i.„n a
<br />,. ,�';�`�' '�t+if�,ti, P r p } (x P P Y
<br /> .•i),�;,:i; � ., 1�:'� Ir_ IGtsehold. Borra*K�a �hall �umply with ull th: pro�•i�inn. „1' Ih� I�.i,e. II' Barri���•cr a�quircti fec tide tu Il�e Pn�rty. I�tc� r�
<br /> ��•";' ,' � leasehold und the fee tidc shall not mcrgc ur�less l.ender ugrccs to the mcrgcr in a�riting. �����
<br /> .. .l.:;;y.• y,�' �.'
<br /> '' ``' t:.;�- • 7. Protection ot I.ender's Riahts in thr i'ruperty.lf&rrrower ia;l.to perform thc covcnant�and agrecmerns camuinec!in �_'•,•
<br /> � ' �!"�'�' this Securit Instrument, or thcrc ix u k�al pnxuJing�hut muy�ignitirantly •rffrrt Lendrr's rights in�he Pro}�eny(such ac a ���:�,
<br /> -, r r��rf��'`.1�� cxcedin in bankru c robate, 1'or romiemnutiun or li�rfeiaurc or tu rntiirce law>�+r regulatian�), then Ler.JeT may du unJ '` �
<br /> b,r,��;;,1: Pr B � P� Y•P '
<br /> � • Qoy for whs�tever is neccssnry to pruttw�t thc value oi' �t�e i'�operty un� LcnJrr'ti rights in the Pr��perty. L.cader'�adion,may
<br /> �:' . �nclude paying any sums secured by u lien whirh h•r� prioriry �►ver thi� Sccurity In+trument, appcorinF in �run, paying
<br /> _-.�_, reasonable auorrteys'fees•rnd entcrin�nn ihc Pruperty to muke rcpair..Alth��u�!h l.cnder nwy takc action unJer tnis paragraph �r
<br /> 4
<br />- �__.���`. . . �'�.. • %. LCOYtf YUC��a�1 iuvC tv u���r. -
<br /> �' ��� � � Aay s�mount� disbur;ed by LcnJcr uncicr thi� paragraph 7 �hall lxcomc :xWitiunul d�M al' &ttrowrr xw:ured by thi�
<br /> ;.. • � ' .,'��.,� • Securiey Inurament. UnGc+ti ��rrowcr•rnd Lcnder ug�cti t�•�whcr term.�►f payn�nt_�hex anx�unl� .hall Fxar irt,t�re+t fr��m the
<br /> { _ _•.� ' �',:.�.'. date of di�►esemtat�t �he Note rate unJ shall t�c pryaPrf�. wi�h in��rest. upnn raHice 1'rom Lender tu &�rn�wer rc�ue,tiRg
<br />}. . sp „� PaYment. ,
<br /> 8.Morig�e l�rancc.11'I.cndcr n�yuir«l nwrcgags inrur�rr��;�ti a r�►nJi�iun af n�king�Ik�c,an,ecur��!hy tfni.S�.turit}
<br /> � Instrument. &►rrowcr shall pay thc premium+ reyuir��cl tu n�aint:�m tllc murtgngc inwrun�c ro cffrct. if. ic�r�ny rw�in. thr
<br /> . . • modgage insurun�e coveragc reyuintJ by I.cnJer lapti�}+��r�eau� to l►�in cfl'ecl. &�rruµ�r +hall pa)• the premiumy rcyuir��l tu
<br /> , . obwin coveragc substuntially equivalrm ti►the monFage imuranrc:prcviuu�ly in rftrrt, u� •r cn.rt.uh.tanti;�lly eyui�•ulcnt to th�
<br /> � , ' , ; .. cost to Born►wer of the rn�ngagc imuruncc prcviou.rly in efl'��.t. I'mm an altcrnate mun�!uge in,urer approval by I.cnJer. If i
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