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<br /> • � ''i]�e Fwds sfWl be hoW in m itatitution wMre dapo�its ate imurod by e f �ea.'y. iro�rumenttlily. a mtit�' .. _
<br /> (!��!lias 1�+�+r. if I�Rs�,.�h e�n l�t4l�.s�oe?or in�ny Pa�Mr�l Home L�an S�rrlc.l�edir�Il�PdY tbe Fwdt to p4r dla `' . ---
<br /> B�crnw Ita�.[.a�&r m�y twt chN►�e Bormwer for boldiey�nd�pplyin�tho Fuud�. �mwlly�ly�dia acrow�c�oorn.ar
<br /> w�ihids 1he F.�ctoaM Ganic,u�leu I.aWor p�y�Qom�w�r'1iw4wt an 1be Fwds md, iqble Vw peraia l.eodor w�fct�ud�, ,
<br /> , �du�l�t. 41orr+vr.Le�det n�y Barrowrr W�Iq�M one-tbur d�v�e fix aa.i��epe�rad aatMe.wt�po�dn��en►�ie .
<br /> wed L�aKMr ia eoaneclbn r�tbi� la�. u��icable l+�w pravides o�ha'wiie. Unkn an �era�nt 1� m�da or „
<br /> by rh
<br /> .pplk�6+e(n�roqulro.tntae�t to be p.w.L�,rdar,hd�nw.be reyuitea w pay eorn►+��ny 1rMe�t or�o�a�e Piraa�.
<br /> Dixm�uer md t.ender nay�tae la writin��Mowever.tluit in�eat sFull be p�W on ttio fiundr. L.ender�ll z ve w Borrowrr.
<br /> wf�hMU c1w�c. �n wwal�000ur�a4 of tho Fw�d�. �wiq crodi4 ad dobits to tho Fwidr and tho purpo�e for wbkh ach
<br /> daf�ft•to the[�unds v►n�msde.71�Funds�re pled�ad��ddit�u+rd�ecudty for dl wan�ocurod by thf�3eourity Ia�trumeat.
<br /> -- II'the Fuad�heW by Lawic�exceod the amounts pamittod w be held by a�pplica6la lnv.l.a�der sFWJI aoa�unt to Bnmowcr
<br /> - A�.��'�'� for tha excec�Furda in woarrLnoa witd thor��of�Ilcable law. If ifa�a�aunt of the Fund�hNd by l.e�ridr.�tt�ny --
<br /> _o tima t�mt Ruf�lckt�t to pty tha F.scrow Itams w1�due,l.erider m�y w ix�tify 8orrower in wrWng.u�d.in sucb ane Bamwer
<br />-- ebM11 p�y to Le�wt�r the unount w rn�fce up�ho detioiaxy.Hortower dull ma�e up tha deficiency in no aaont ttan
<br /> twdve mamhlY P�Ymanta.p�t.en�ler's discr�etion.
<br /> Upon pwyment in full of d!�wmc sa�ur�ed by this Socur3ty I�aumrnt. Le�de��twdl PrompdY refund to Borr+wver any
<br />_ _ --- Porms tt�ld by e.ataer.!f. ws��saph 2!.l.ender anal�aequ�ro ix�11�he y�Lender.p�to the anqujsiti�o or�ale ,_
<br /> of the Propa�ty.shull apply ony Futda hald by Lader�t the titue of aoquWtion�sale as a crodit�ain�t the wms secund by —
<br /> �hia Seeur�ty Insnument.
<br /> 3.Appikdbn of P!�y�ea�.Unlc�s appli�le law pmvides otherwise.all paymaus roaived by l.cnder uader p�mgra�pds
<br /> 1 and 2 slull be applied: tust.to anY prcpoyment charges due undcr Iho Nate: sacond.to art�aunt�pay�ble undv p�ra�raph 2:
<br /> third.to l�terest due:fourth.to princip�l due:and lost.a eny I�e chuges due under ihe Noce.
<br /> 4.Ch�es: IJem. Borrowtr shall p�y all taxes,assoss�nents. cherges. f�nes and impasitions attdbutable to thmP�Y
<br /> = which m�y utain priority over thia Security instrumenb utd leasehald payments or g�aund rents. if wy. Borrovver sIn11 p�Y
<br /> ;'i thae ablig�tio+�in�he nuuuier pnovided inparagraph 2.or if nat ptid•in•that mmner.Borrower st�ll p�y tlKm an time diractly
<br /> - -='� w tho persa�owadpayment.Bonoir�er shal!pmmpdy furt�sh w Lrnder all nMioes of mtounw to 6e paid u�dcr th�is p�rap�h. ' _..
<br />-�:`�; If Bomowa makzs these paytnrnts dinectly.Borrower shall promptly futnish to 4e�der ieceipts evidencinE tlie pay�.
<br /> Borrower shWl PmmptlY discfiarge+my lien wbich has prbrity over this Savrily insttument unkss Borrowa: (a)ngrees Li
<br /> -�..� ,.. writ�ng w the payment of the aMigation socurod by the Ifcn in a manner aooeptable ta Leixler:(b)wntests in goad fdth the lien
<br /> by. or defeMs against enforcement of tha lien in, leg�l proceedings which in the l.erder s opinion operate to prcr•rnt the
<br /> ' enforc�maM of�he Nen;or(c)securcs from tlu holder uf the lien an�groement sati5factory to L�ender suba�dirwting tbe liea to
<br /> �' thia Security In�tn�ment. If Lender daernums tlwt any pnn of the Property is subject t�a lien which may attain pnority over
<br /> a� thia Secutity Ins�nument.l.ader may give Borrower A rotice idenUfying the lien. Borrower slwll ratisfy Ihe lien or lake one or
<br />_ morc of the adfons se1 forth abnve wlthln 10 day�of tl�e giving of tatia. �_._
<br />_ S. H�rd or P�ope�ty I�r�r�a. Barrower s0a11 t�eep the improvements �aw existing ar hen�fler enx�od on the
<br /> .:'` Property insunod�yq�inu loss by fire. hazci�ds included within the term "extended�overnge"and any aher har�nLc. includiqg -
<br />_ .a floods or flooding, tor which Lcndcr requires Insuranoe.This insurance slwll ba mainwined in the anwunts ancl for the periods
<br /> •:�;i'` lhat Lender requircs.Tbz insu�ana carrier providing tho insumnoe shull be chosen by Borrower subjert to LeMer's app�+un�a! —
<br /> �`�_ which shall nnt be wur�sonably withheld. If Bumuwer fuils to maintnin rnverage described above. l.ader may. at Lendei's
<br /> - �'�' —= option.obtain ooverage to protect I.ender's rights in tha Pra�eRy in acrnidnnce wlth pumgraph 7.
<br /> �•.�i^ ` •'.�..,,� All inwranoe pnlicies and�tnewals shnll be acreptable to Lcnder and sholl includc a standaid mortgage cluuse. L.ender —
<br /> ..v��`'"''"""a=• sl�tl Iwve the right to hold the policies and rrnewals. If l.ender requircs.Borrower shall promptly give ta Len�era[I neceipts of --
<br />< r;. ;A�`�3"!����':.:,�' pa�d premiums and renewal�x�tices.ln the event of lo�.s.Borrower shull give prompt notice to the insurance carrier and Ixnder.
<br /> �-� �; -.=}�:.°:'..:�.,. '�.. L.e�der ma ma�;e roof of loss if not n�ade �om tl b BOffAM'Qf.
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<br /> ' "� Unless I.endcr and Borrower othenvise�gme in writing,insursnoe praceeds shull be appliod to reytaration or repair of the _
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<br /> ,,.'.:; ,• •. . �,+.� . Property domsiged. if tha n�toration or repair is cronomically feasibla and Lender's security is not leasenecl. If the restoration o�
<br /> - �'.'� rcpair is not economically fcasiblo or Lender's aecuriry would bc lessened.the insutunce proceeds shall be appliod to thc sum�',
<br /> , .:iiitY.: �'��: .�., 4,
<br /> 1,4,;;. �'° . °�'. ' sec�:�ui Ly this Scwrity Instrvment, whether or not Ihen due. with any ezcess paid to Borrower. lf Borrower s�bandons the �'
<br /> �• : •?K'.+f���'',, _v:.1- Property. or daes not answer within 30 day�a notice from l.ender thn�the inaurnnce carrier ha�offered to settle a clsiim. tt�en �r
<br /> ��;�• � . Lender may rnllect Ihe insurance pro��eeds. Leixler m�ry u�e the prac.�eds to rcp�ir or reslore the Property or to pay swiu �-
<br />�����' , �. �''- ;• '• • secuoed b tl�is Securit Instnimem,whether ar tMt then due.The 30ti1u ri�xi will be in when the notice is iven. �,_
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<br /> _. � ,„,., Unless I.ender and Borraw•cr otherwi,e agn�e in writing. uny uppliu~�tion af pmceeds to principal shall nat extend or ���
<br /> � `�+.i�. postpane the due date of the mcmthly p•rymentti refcrroJ to in parrgroph� I und 2 urc�iangc the amount uf the paymenta. If
<br />. �e '��'�''�17�:..;. �."`.
<br /> � ; �.„.. - , �. under paragraph 21 �lic Pra�yr�t� i+xyuirc�l b� Iw:ndcr.Lkxruwcr'x right to nny in�uran�e pnlicie�and proc�is resulting fram
<br />� ' � ' � , • • damaga to the Pruperty priar ta�he ucyuisi�ion shull pa+s to Lender w thr ex�em of�he sums.�ecurcJ by thiti Security Ins�rument ��-
<br /> immadiately prior tu thc:�quisi�iun. �°'-
<br /> ��. " 6.Oo�vpuncy.l'reservatton.Maintenence and Proteclion of the Property; Burrower's I.oYn Application; LeASehold�.
<br /> ��'�,.,,
<br /> Barrawer shall uccupy,estahlish,ami u�e the Prupeny:u Bunawcr'�prinripal n,�iJenm withii��ixty duys after the ezcculion nf �`-`
<br /> �°•� �y �.'; �' Ihis Security Instrument:�nd shaU cuntinue to �xcupy ttK Pcnpcny a�&►rmw•cr'� principul re�idemr for at Iea,t one year afler
<br /> � Ihe date of occupancy, unir�� l.encicr otherwik agati:�in Writing, whicli ron�nt.hall ni�t t+c unrca,orwbly K•ithheld, or unlest �;
<br /> '• ' ' extenwuing circumstances exiu whirh are b�yonJ &�rroµ�cr'� �Y�ntrol. &irroN•cr .hall n�u Je.tn���, damage or impair the —,
<br /> "'� Property. allow the Prupcny to dctcriorut�. �.r c��mmii w�u��e un �h� Pn�pehy. &xruwrr.hall lx in default if any forfeiture ��--
<br /> + ' � �. " action or proc�eoding. wheth�r civil�ir rriminul. i, t►egun that in I.enJer'�Faxl fui�h juJgmrnt coulJ result in forfciturc of Ihe ��•�
<br />- •��'���'�'� ��� � � Pra rt orothenvi,c ma�eriall•im uir�he lirn rrcated b thi�S�xurit Imlrumcnt ur l.cnd�r'�.��urit intemst.&ttruwer m•r «-
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<br />-��� . � • "" cure auch a defuult unJ reinstatc,uti pnwfded in purugr•rph 18,hy rau�ing thr ar�ian ur pn�rr��ting t��tx ditimiskrl v►•ith a ruling -
<br /> y � � . Ihut, in Lender's �iwd fuith deterniinution, pr�tiluJc� furteiturc of the &ircu�er'> intcrc.t in thr Prapeny��r�ulwr materinl
<br /> '�� • impainnent of the lirn creat��!b�� thi� Srcurity Imtrumcnt ur l.endcr'. u.�urit� ent�rc�.t. Burcu��•cr.hall aIN� I+� in J�fuult if
<br /> ,,. . S�. ., �,�;.}� &►nuwer.during the luan upplirutiun pruce,:. Eu�•r matcrially 1'ul,c��r inarcura�e int:�rnia�iun ur.tatement�ta Lender 1�►r fuil�d
<br /> ::,.!::"; :,,'G to providc Lendcr with uny m•rterial informutiunl in runncctian anh thr luan c�•idenr��J by thc l�ot�. inrluding.6ut nat limit�d
<br /> � "�� • C' � , t;!;+`
<br />- to. repreuntutHm+con�rrning &�rro��•cr'.�xrupanry ul'tlu Pru�xrty u�a prinripal rc.idrnrc. 11'thi.S��urity In.irunkm i.un u
<br /> �-' ; , �,��v; ' , leusehold. eorroacr shall romply with ull ihc prnvisi��n� at� thr I�u,r. 11 &�rruwcr aryuirc.r i�ti iiUc w�h� P�apeny. the •
<br />__� ;,.j �. ; , leasehold pnd lhc fce tiUe shall not mergc unlr��L.ciuicr a�r��c+lu thr mergcr in writing. '
<br /> ° �. 9.Protection of I.ender's Rights in Ihe Property.lF 9arruw•cr fails ta peMi.rm the cuvenant�and ugr�em�nt:;�ontuincd in �
<br /> =N���� this Security Instrumem, or there ix a legul praceeding�hat may +i►;nilican�ly •rffert l.ender's righ�.in tM. Pn�pert�� (wch a.�a
<br /> ���:�...�, �
<br /> :�!••-^� ��„ proceeding in bunkruptcy, probate. fur c�►ndernnsttinn or li�rfciwre or to enfurcc lua�or regulati��ns1, then Lendcr nwy do und �
<br />'�����:h��''` :�.„.; Qay for whetevcr is necessary to protcrt Uic valuc af thc Pnipert�� and Lcndcr's �i�h�+ in thc Property. Lendcr'� :ktion� n�ny
<br /> _ , � � mcludc paying any sumti secured by n licn �vhich hu. priority i�vcr thi, Sccurity In�lrunknt. UpF1Q8I111�; in c�wn, p•ryin�
<br />- ' ' '� rea.wnable attorneyti fi•es und entcring on�hc Pn�Fxny io nwkr repuin. Al�hnugh l.ender may tuke urtion umicr�hiti p•rragraph � �-
<br />� -�.. - �.'��;�� • 7.[.endcr dae�not iinve to do wi. L. .
<br /> 1- .�� , ,:•.:�.. Any tunounts di�burxd by l.cndcr under thiti parugruph 7 tihall txcumr aJdihonal dcM of&►nuHCr urunYl hy thi� �
<br /> ° � � � ;" Security Instrument. Unless Bomower anJ Lender agrce lu�xher trrm.��f payment. the.c umouncti whall Ikar imerr�t fn►m thr �
<br /> � i' ' date of dirbunement at the Nute ratc und shall t+e puyublc. with inlcrest. up�m nolice fr�im Lendrr lo &�rrower r��yuratin�: �
<br />`j' , , ;� payment.
<br /> 8.Mortg�ge iasurar�ce. If Lendrr rcyuir��1 mortgagc in�uranrc a.�a cunJition of muking the loan..�u►ctii by thi+Sitiurit�•
<br /> " instrument,Borrower shall pay the prnmiums rcyuireJ w m•rintain �he murtg•rge insurunrc m effert. If. li►r any rrawm, the
<br /> ����,' � •� , mohguge in�urunce coverage requin.�l by Ixnder lapsc�or cwk's to be in etT�ti�. &�rmwer�hull pa}• the prcmium,rryuir�Yi ta +
<br /> rr. ;:- :. ..�.��� obwin coverage subsWnlially equivulent to the mongage in,urun�ti previou.ly in rffiw:t,ut a c�»t wb�tantially��yuivrlent ta thr
<br /> . . � rnst to Borrowcr oi the mortgage insurance previau�ly in eft��t, from un ultcmatr nwrtgagc intiurcr epprurc+J hy L.enJrr. If'
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