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<br /> �_W.:. _ �3. ��„�s ►:
<br /> Ttre Fund� tlWl ba hdd in u� itKdwtion who�e deposiu �ro inRUrod by a edeal �aenay. maNdit�. or entity
<br /> tlacludin�Lander.if Lendor io such on irutftutionl or!n iny Fodera!Honra LaRn 8�nic. I.aMer ehdl�plx the Pund�to pry thn.
<br /> Hrcro�t�ta�s.I,e�der nyy not chu�o Borrower For holAina wnR!appfy1ny the Fund�,�nnually analysin�tho�now a000unt,ar .
<br /> , ve�ifyL�die Pacrr►w Itaiu.unla�L.aM�'WYs Bar[ow�er intero�l on the Puuds�td�pplipbk!�wp�nit�1.o�de�ro rtrke acb :
<br /> a eiwr�e.However.l�er�Aer rn�ynqu iro Borrowar to p�y�a�e-Nme chu�e for rn independMnt trwl Ma�e wc ropatl�auvia • „
<br /> urod�yr l�nde� in oonnealon wlth this lan. unleu �ppNnbla I�w providcs o�herwlie. Unlar m qrqernom i� ru�d� c�r.,
<br /> �pplicablp i�w roqulrra Interat to be pW,Lenda stWl nbt be roquired t�p�y Bornfwer my IrNeaeat or arnl�y�on 1he Fundi.
<br /> Bovrowm md l.er�der nuy�ree in writin .howsvar.tiut interost�h�tl be pnld on Ihe Funiir. L.ender �hdl 41ve to Bnrrnwe�,
<br /> witi�out�o,an�nnwl �cwuntlnQ uP�Pund�.�howin crodiu w�d dd�iu to�ha Funds�nd the purpMe for which Mch
<br /> deblt w the unds was modo.Tho Furdr�ra Qled�ed iu�ddi�onal�erudty tor dl wn�c cecured by thi�Socurity Inurumem.
<br /> = If tho Fund�bcld by Lender ezcecd the t�nwunts permitted ta bc hel�by applienblc lew, Lcedrr nhell nsrnuM t�ilnrmwa�
<br /> for the oaass Fund�in accordanoe with therequiromna of rpplic�ble I�w. if the+�nwunt of tho Funds held by�.ende�u rny
<br /> tlme ie not aufflcfent to pay the F.scrow Ilw�u when due.[.er�der moy�o notify 8orrowe�in wridng. md.in wch case Borrower
<br /> ebdl pay to Lend�r the anwunt nooes�ry to mpke up tho deflckncy. Borruwer�hall make up the deficiency in no moro than
<br /> twelve monthly paymcnte,at I.etxlcr's solo disc�etlon.
<br /> Upon paymcnt in fuli of all sums socurod by this Socurity Instn�mcnt. Lendcr shQll promptly rcf�nd to Borrower any
<br /> --— �` __". - ° Fnnda held by i.etxku.Ii,umler pwrgraph 21, T.ender shall acquirc or scll the Property.Len�kr,priot to the nequiaiNnn nr anl�s
<br /> - of tiw Property.sl�afl upply any Funds held by l.eAder at the tiau of acquisilion or snk as�cr+alil Againat the sums isecurod by
<br /> tAi�Security Instrumcnt. '
<br /> '�>_:���'�� 3. r�e9lradan o!Apymenta.Unless epplic.�bic law provldes atfierwise,aU paymenis naocived by Len�fer under pwragraphs
<br /> _ °°a�in= 1 ud� sh�l I la applied:firat. ta anY PnpaYment charges due under U�e Nate:secand.to amaw�ts p�yablc�uider pnnlgraph 2:
<br /> — thiM,to Inlerest due;fourth.to pdncip�l due;atrl last.to any late ch�uges dua under tha Note.
<br /> 4.C�rges� Lie�.Aorrower shall pey all taues,a�sesamen�s,charges, fiaes and impositbns attributable ta thcp�rty
<br /> ��„�-:° which may attein priority over this Secur�ty Instrument. and leasehold pnyments or ground rents, if any. Barrower shall pay
<br /> these obligations in Ihe m►nner pmvided fnparagtaph 2.or if not paid in Ihat manmr.Borrower shell pay them on time diratly
<br /> - — to tha person owed payment,Burrowe�shall pramptly furnish to Lcndcr all naticcs oP amounts to be puid under this paragraph. --
<br /> 1f Borrower makes these pqyments directly.8orrower shall prompNy furniah to Lender receipts evidencing the puymenls.
<br /> - - Borrower shall promp�ly discherge sny lien which has pdority over this Securfry lnstniment uNesa Borrower.(a)agrces jn
<br /> �� ' wi3ting to the paymeat of the obligation secured by the lien in a manner acceptu�le to Lender, (b)conte.sts in good feith the lien
<br /> '.•�_`:�:, .
<br />.__�a.,r � by. or detends against enforcBment of tha lien in. Iegal praceedings which !n the L.ender's opinion op�r�ae,to prevent the
<br /> _ � enforeement of tha lien;ar(c)secures from the holder af the lien an agreemerat suiisPactory to Lender sube,rainating the lien ta
<br />: a . �.; t61s Security lnstrument. If l.ender determit�es that any part of the Property ia subj oct to a lien which may atlain prio�ity over
<br /> �,..5;, this Sec�rity�nstrument,Lender muy give Barrower a notice identifying the Ijen. �Orrawer sball u�tisfy�he litn o�take one or
<br /> +<:s"� , more of tpo aCtioes set forth a�ove within ip dAys of the giving of notico.
<br /> s,;r,•.
<br /> - �+f: S. �rd or Propelty Iasurs�nce. Borrower shall keep the improvement� now existing or herea�'ter crected on the . � .
<br /> � Property insured agaiasi a•os�by fi�e. hazards included within the term "eatended coverage" and any other hazards,including
<br /> v.� i,;� floods oc flaoding. i'ar�v}�ich Lender�eyuir�s insuronce.This inaurance shA11 be maintained in the amaunt�and for the perivds
<br />'..; H;(���, that Leader tequires:''lf#ie iasurat+ee carrier provkling Ihe insurnnce shali be chosen by Borrower subject t�i L.ender's appr<►vAl
<br /> - - ^ ����F,.�-� whicfi snau nyt be,u�rcawirabay wit9diei�i.•iC�irrawer Ya;�:a:. ma��aa;r. .ortsagc dcsrrEbrd al��.l.�:�.:.'�y, at;.c�ut.."r's
<br /> optiaa,ab.�m covcn�g�e.to prcxeet Lender's righ�9 in�he Prapert}�tn nccardnnce with paregraph 7.
<br /> n '� A!i inaurqq�e,px►ficies and rencwals shull be Acceptable to Lender and shall include a standsrd nxxtgage clause. Lender
<br /> _ �::` T shall have the right tu hold thepo licies end renewals.lf L.ender requires,Borrower shall promptly give to l.ender all receipts af
<br />_ . .}. plid premlums and renewal notices.In the event of loss,Borrower shell give prompt nwice to the insurance cerrfer and Lender.
<br /> Lender may make praof of loss if not mude promptly by Bormwer. -
<br /> Unlrss Lender and Borrower otherwfse agree in writing,insurnnce procoeds shall be appliod lo restoration or repair of the
<br /> Property dameged.if the resloration or repuir is ec�nomically fea.gible and L.ender's secudty is not lessened. lf the restoration ar =
<br />: repair is not eoonomically fensible or I.ender's security would be lessened,the insuronce praceeds shall be applied to the sums __
<br /> secured by thls Security Instrument, whether or not then due. with uny excexs paid ta Borrower. If Horrower abandons the =:
<br /> Propeny,or does not enswer within 30 days n natice from l.ender thut the insurance cur�er hae offered lo senle a claim,then �_
<br />-��. �� ��„ Lender moy rnllect the insurance proceeds. L.end�r muy use the proceeds to repair or restore the Property or ta pay sums �-
<br /> _ se�urcd by this Security Instrumeot,whethcr or nat then due.The 30-duy periad will begin when thc notice is given.
<br /> . Unless l.ender and Barrower othenvise ngree in w�iting, uny applicntion of procceds to princip�l shall not extend or =
<br />_� _ postpone the due date of the monthly payments refened to in parugruphs I �nd 2 or change the�mount of the paymenls. If ��
<br /> _ ;�*�;�,r; under paragrapb 21 thc Property is ucquired by l.ender. Burrowcr's right ta any insurunce puiirica�I pnx:err.illn rcyulliug fra�n �,�
<br /> ,�„ �.: �� ^ demage to Ihe Property prior to thc acquisition shall pa4s to I.ender to�he ex�ent of the sums secured by this Security Instrument
<br /> `"�+� �,:� immodiately prlor tn thc acquisition. �ir
<br /> ':`.� �:� 6.Oaupancy,Pi+eservation,Maintenance and Protectlon of the Propert�;Borrower's� l.oan AppUcAtion;I.easeholds. �
<br /> ` :,,,;...,., . Bonower shall occupy,eEtablish,wxl uxe the Property u�Borrc�wer's principal retiidence wiihin sixty days after 1he execution of
<br /> ' ' this Security Instrument and�hull continue to�xrupy the Property nti Bc�rrawer's principul re�idence for at Ieast one year after �`�-
<br />`'y_ �r.,{►yf"
<br /> ,y-�,,-,`.• . the date of occupancy.unless L.enJer atherwise agrees in writing, which consent�hall not be unrcuu►nably wlthheld,or unless �•
<br /> *--� •��"'�`� catenuating circumwtances exist which are bcyond Bc�rrower's cnntrol. Borrowcr shall nnt destroy. Jamage or impair the
<br /> '9�fe,�,ir�� Property,allow the Property to deteriorate, or commit wusle on 1he Property. Borcowcr �hAll be in default if uny forfeiture �;
<br /> j." • • , actian or proceafing, whether civil or criminul,is begun that in Lender's gax! fnith judgment cewld result in forfeiture of the
<br /> �, } ':.b�� •�,�._ Propeny or ntherwise materially impair the lien crcatai by�his Security Inslrument or I.ender's security iMerest, Borrower may �.-.
<br /> ` cure such u defuult and reinctate,ax pmvid�i in parograph 18,by causing the action or pnx�edin�e to be dismissed with a ruling —
<br />- ,;r '' ' �, � . thut. in l.cnder's good falth determinution, prerludes fi�rfeiture uf the Borrower's in�crest in thc Property or other mnteriul �
<br /> • 'S ;�• � � � impairment oP the lien created by this Security Instrument or l.ender's securit�� interetit. &irrower sh;�ll alsa be in default if ��`
<br /> :y:""' • '„ ' Boerower,during the loan applicution pr�xetis, gavc matcriully f'ulse or inaccurate inforn�tinn or statemen�s to l.ender(or failed �`-
<br /> ., to provide L.ender with any mate�ial inform:+tion)in connection wi�h the Inun evidrnced by the Ni�te,inrluding,but not limited �'
<br /> ;;� to, repre,entations cnncerning Borrower's�xcupency of the Property as u principul rcsidence. If this Security Instrun�ent is on a �`
<br /> � :'# ' leasehold, Borrower shaU ��mply with ull the provl�ion.r• of the Icase. If Bnrrower s�quireti fec tiNe t� th� Propeny, the �?'��
<br /> '�."iv�-- •� •'•••+ leasehold und the fee title shall not mr.rgc unless I.enJer ugrec.t��hr mcrger in writing. -'
<br /> ` "" ' ,.. 7.Protectton of Lender's Rights in the Propeny.lf&irruw•er fails to perforn�the covenunts aiui agreements contained in �
<br /> 4<<N�::;• :;� �,• this Securit Instrument,or there is a le al rciceedin thut mu +i niliruntl affect Lemkr's ri htti in the Pro rt (sueh as a �`"
<br />-� ,., �•,y, ,��• Y R P 8 Y • !� Y ' K Pe Y �r•
<br /> , '•.:�,.y�j�ia proc�eaiing in bunkruptcy, prob�te.for cundem��ation or Wrfeiture or to enfi�rcc luws or regu�ati�msl, thei� Lender mry do u�xi .�*-
<br />;�';��T , a:��tt�;.�'^•= • pay for whntever is necesswy to protect the value of thc Property unJ l.ender's right:v i�the Property. l.encier's actions nwy
<br />___ � S;y�s;'�•- 4. nclu puY� 8 Y Y p Y Y PP�� B PAY 8
<br /> "'��. i de �n nn sums secured M a lien which hns riorit over this Se�urit Instruntent. � nn in court, in
<br /> reasonable attomeys' fees and entcring an the Propeny to muke rcp�in. Alth.wgh Lendcr may tuke a�tion wxier this parugraph ��.
<br /> _a:�fi,—,�- - _- - -- 7.LenAer does na[nnve�o do so. --
<br />..;c.�• �^ A , Any amounts disbursed by L.ender under �his purugraph 7 .rhall ixtiimic uJditiunul deM of Borrowcr secured by this
<br /> � t�" " � Sxuriry Instrumem. Unless&xrower and Lender s��trcc�u wher lern�.of p;iymem, thc+c amounls shall i►eLr intere+t 1'rom the
<br /> �t�': . . ••
<br /> _ �;�J�,yi,,y�:�' dete of disbursement vt the Note rate and shall be paynblc, with intcrest, up�m notice timm Lcndcr tn Borruwer nequesting
<br /> _-- - �z: Peyment.
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