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<br /> The Fw�da ehall be hdd in u� inttitudon whooe dqx►siu ue inwrad�y i fecla�al �gencY� in�truma�t�lltyY. ar aKhy
<br /> (lncludlaa l.end�x.if La►kr is atcb�n imtiwtlan)w{n any Feder�l Home Baafc. Lender dull ppply the�und�to p�y d�e .
<br /> �rOMr Glenat.Lxa�r mqr not cbu�e Bon+nwer for holdin�aM�pplyin�tha�unda.�nnuallq uwl�rzing the e�crow�000unl.ar ,.
<br /> raltyin�tho Faecow Itara. unlas l.ender paya Horrower iatenat oa the Funds iu►d�pplicabte lr�t pa�a�it�i.aider b a�ice�ush
<br /> �darte.However.Len�ler tn�►yraquim Borrower to p�y�onedfine chv�o for�n independent msl atate taa repat�n�iervlae
<br /> iuod�by I.eMu in oonnaction wUd th4 IoAn, unla� applicable law provldea othawise. Unleas an e�r�ea��em �� m�dO a
<br /> qipilcablo!aw roquirea interest to be paid.l.ender ahal[not be requfred w pay�orrower any intercst or e�umin�s on the Funds.
<br /> eorrowu uxl Lendcr may aQrao ia wridnQ,howevir.that inte�st�F�all be paid on the Fund�. Lender�lull�ve to 8ormwer.
<br /> without charge. an annwd accourning of the Funds. �howing crodit� wid debits to the Funds � the purPob for whkh e�ch
<br /> ��.,�....-.--_,-._._..�.� _.
<br /> debit to the Funds was made.The AaMs ue plodgod ac additional secudty for all sums socurod by thi�Security nstrument.
<br /> If the Fund�held by Lender exoeed the�unounts permltted to be held by applictble law,L�ender ehall account W Sorrower
<br /> for�I►e'oxass Funds in accordance with theroq uircmentc of�pplicablo law. If th.e wnount of the Funds held by f.eader at�ny
<br /> dme is not sufticient w pAy tho Escrow Items when due.Lender may so notify Bomnwer in writing.w�d,in such c�se Botmwer
<br /> �hall pay to l.cnder the amount naessery to make up the deRciency. Borrower stwll moke up the deficitncy in no more th�n
<br /> ----- --- --_� twelve montt�lY PaYmentc.at i.a�da's sole discretion.
<br /> — Upon payment in full of all sum:securcd by thia SecuNty Instnunont. I.ender sheii promptly nsi'mKi lu Bu�iuwer��y �—
<br /> Funds held by L.ender.lf.undtr paragnph 2t,L.ender shail acqu�re or sell the Propeny.L.ender.Prior ta ihu ucquisitian ar sale
<br /> � of the Property,shall apply any Functs held by I.andcr at the tima of acquieitiun or sale as a credit againct the sumc securcd b9
<br />-= tbic Security Instrument.
<br /> 3.Applkat�aa ot Paymeuts.Unless applicahla law provides otherwise,ali paymenta received by l.ender u�der paregrapha
<br /> — -- I and 2 rhall be applied:first,to eny propayment charptes du�under tha Note;second.to a�nounts pAyabla under paregroph 2:
<br /> - U�ird,to interest.due;founh.to principal due;and lest,to any late charges dua under the Note. .
<br /> __„i 4.Ch�ea;I�tens.Borrawer shall pay all texes, assessrnents,chargcs, flnes a�l impositions attri6utabla to the Property
<br /> -�. wh3ch may suun priority over thia Saurity Instrument. and•Ic�sehold payments or ground renus.if any. Borrower shall pay
<br /> -- �hese obligatlons in the monner provided in paragraph 2.or if nat paid in that manncr,Borrowo�shull pay them on time directly
<br />`-v:�:Y, ''� w the person owed peymenc.Bormwer shwll prompdy furniah �o[.ender all notices of amauntx ta be paid under thfe para�raph.
<br />�,^f . . ��� IF Borrower makes these payments dlrectly,Horrower ahall promptly furnish to i.ender receipts evidencing the payments.
<br /> �b Borrower shall pmmpdy discharge any lien which has priority over this Securiry Instrument unless Bormwer:(a)ag�ees in
<br />- . r�� `�°+{ wridng to the payment af the ablig�tion secured by the lien in a manner acceptable to[.ender;(b).cantesta in good faith the lien
<br /> � by. or dafetxls against enforcement of th� lien in, legal proceedings which in the L.ender's opinfan operate to prevent.tix
<br /> * ;,;i} rnforcement of the lien;or(c)secures from the holder of the lien en agreement satiafactory to I.ender subordinating the lier►ta
<br /> - U�is Secudty instrument. If Lender detertnines that any port of Ihe Property is subJect to e lien which may attain priority over
<br />-', Ihis Security instrument.Lender may give BoROwer a notice identifyfng thc lien. Borrowcr shall sa�isfy the licn ar take onc or
<br /> more af the actions set fonh above within 10 days of the giving of notice.
<br /> N 7 .� S, HAZ�rd or Propetty Insurance. Borrower shall keep the improvementa now existing or hereafter crected on the _.
<br /> �;�,.;';• , Property insured againat bss by fire. hezards included within�he term"extended caverage'and any other hezards. including
<br /> ��:,� ;`r_` .►i�_� f 1 o o d s o r fl o o d i n�t,f o r w h i c h L.e n d e r re q u i r e s i n s u r a n c e. T h i s i n s u r a n c e a h a l l b e m a i n t a i n e d i n the amounts and for the p edods
<br /> ' that L.ender requires. Tqe insumna cnrrier providing the fnaurnnce shall bo chosen by tsorrower subject�o ixnder'�a�uvei
<br /> � :. � y Y�;:���f'.ieAk, which shall not 6e unreasoaably withheld. If Borrower fails to maintain caveruge described above, l.ender may, ut I.ender's _
<br /> .•,p,Y��;�'`.•{?:`` �i�.; option,abtain coverage to protect Lender's rights in the Property in accordance with paragraph 7. �`_
<br /> .,,. � ..,, ti•.�},,., �`."''. AU insurance policies and renewals shall be acceptt�ble to I.ender und shall include a standurd mortgage clause. l.ender ��
<br /> ,:i�{'' ;,;�„E�,.'„?�,,;,:-,.••' shall�have the rlght to hald the Policies and renewals. If Lender requires,Borcower shall promptly give ta Lender all receipts of
<br /> ��:��� ,1;�_,;: '.. pa�d premiums and r+enewal not�ces.ln�hc evcm of losx,Bonuwer shall give prompt notice to the insurance carrier and l.ender.
<br />��:�'�� ����` �' ° I.ender may mulce proof of loss if nnt mede prompUy by 8orrower.
<br /> �`-'•"-' ' Unless I.ender and&�nower otherwise ngree in writing, insumnre procecds shull bc applied to restoration or repair of the �:-
<br /> ,,:��;:r:. , • h � Property damaged.if the rcstarntion or repair is econamicully teatiible und Lendor'�security is not lessened. If the restoration or _
<br /> -:,.. .•: . ., ' rep�lr is not economically fea�ible or Lender's security would be lessened,the insurance p�aceeds shall be applied to the sums �r•;
<br /> R. • � „ :• .�z:�:�' �ecured by this Security Instroment, whether nr not then due,wilh uny excess paid to BuROwer. If Borrower abandons tha =
<br /> �°i::'. , ,�,. Property,or does nat answer wi�hln 30 d�ys u notice frum Lender that the insurance rarrier has offered to setUe a daim, then �,
<br /> �����'" • " Lender may collect the insurnncc pnxeeds. I.eixier muy use the prcx�:cds to repair or restore the Property or to p�y sum.s _
<br />;:�,,.•• �
<br /> � : .,,,�}s.��:_ ;; secured by this 5ecurity Instrumenl,whether nr not then due.The 30•duy peri��d wi11 begin when the notice is given. 6:�•
<br /> -' �:d��+;• � �� Un!es� l.ender and Borcowcr�therwice ,�Z�ree in writina, any nppliwtion of p�cuceds tn principal shall n��t extend or �r;�,
<br />' •� �:`y�',���� ;;J� postpane the due date of the monthly paymcntr ref'cRed ta in pamgraphti I und 2 oc change the amount of the payments. If �°�
<br /> ' � .��Fa ender parugraph 21 the Propeny is acquired by Lender. Borrower'x rigiu to uny insurunce pnlicies und pmceeds resultinF from _
<br /> ., . r• � , . damage to the pruperty prior tu the ucquir;iliun shall pusw�n Lende�t��the ez�em of tl�e sums secured by this Security Instrument —_
<br /> ' ". fmmediately prior to the ucyuisiticm.
<br /> 6. Occupancy.Pre.servation.Maintenance and Protection of the Prnpertv: &�rrnwer's Loan Applicatbn;I.w�seholdg.
<br />� • Bortawer shatl occupy,estaBlish, and uk thr Propeny us Borruwer'�prinripal retiidencc within sixty d�+ys ufter the execution of _
<br /> ; � " this Security Instrumenl unci shal l�nntinue to�kcupy the Property as Horrawcr'. principul rctiidcnce for ut le�.st one year after ==-
<br /> �'�..• � �,.�
<br /> • �;;� , �he dote of accupancy, unlesti l.enJer olhcrwiu ugrees in writin�!, whic:h�on�ent shall not tre unrea�onably withheld, or unless =__
<br /> � ::�;�r � extenunting circumstaixcs cxist which urr UeyonJ &►rrower'+ c�mtral. &rrrower xhall mx destray, damoge or impuir the �
<br /> '`�''`�� � �'�• Property, alluw thc Propeny u► dMcriurut�, or cummit wa.te�m �hc Propeny. &�rrowrr �hull hc in defuult if any fi�ri'eilure —
<br /> �.�t`t.'r � r•:. .. "`:
<br /> . � ;�y�v;^,. . action or proceeJing, whether civil i�r criminal, ix hegun�hat in Lender's gu�xl ti�ilh judpnxnt coulJ re�ult in f'cxfeiture of the -
<br />'i : i� .!��p� ,,,<� Pruperty or otherwise mu�crially in�puir thc licn crcatcJ hy thiti Sccuri�y In.irument ar I.cndcr's,erurity intcrest. &mower muy
<br /> � "''~ cure such a default und n:in,wtc, a�pr�wiJ�Yl in purugruph IR, by rausin�;the•rrtiuu or pnkecding to Be dismi�sed with u ruling
<br /> ,,;!'.; ,; � ., �hat, in l.endcr's �oad faith dctemiina�i�.n, precluJr+ ti�rlcitur� uf thc &rrroH•cr'. inlerest in the Property�►r ixher muterial "'i
<br /> ';!; • • •• �����-� impairment of thc licn rrc:►t�Yl b�•thi.Securit�� Instrumcnt ar Lrndcr',s�YUriry intcrest. &irrnwcr shall ului tx in dcfauU ii
<br /> •�`���.'�� ' �, � � � &�rtOwer,during�he lovn upplir:.i�inn pnxcss,guvc roateriully fal.e or inaccur:�te�nfonnu�ion ur statennnt�tn Lcnder(or failcd
<br />,._�,,:,�.
<br /> to provide L.ender with uny muteri�l intn�mntion)in connecti�m a�ith the luan evidenred by tlx Nute, inrludinF, but not limited �.
<br /> �{� �� to,representations conrcrning Bi�rmw•cr'x ixrupanry of the Prupeny v.•r principul residenrr. 11'thi��curity In:;trumem i,un u t�,
<br /> - 'r' � � ' • leasehold. BoROwer shall compl��with aU lhr pravi.ion, al'�hc leu�e. lf Borrawer urqui�ex I'cr ti�lc to Ihc Pn�perty. the �+.
<br /> �.. �.
<br /> =°� ,� , leasehold and the fee title shull n��t rocrgc unlc..LcnJcr ugRr�tu�hc merFer in wriiing. B� .
<br />�.'��;:�:.� � � 7.Proteciion ui'I.ender's RightK in the{'roperty.If&►rr�►wcr ti�il+to peri'onn�he covrn•rnt+and ugrecmenh rantained in •;
<br /> -= . �. Ihis Security Instrument,�ir thcr�iti u legal pnnecding that nrry rignificantly uffcct Leixlrr'� right�in the Property (�uch as u
<br /> , proceeding in bankruptcy, pf�/I18tf,fur cundemnation ar fi►rfci�ure or to enfittee I�ws ar repulutions), then Lender nmy Ju unJ ;.�',
<br />_ ' � ' pay for whutever is n�e�wry ta pn►t�tt Ihe vulue uf thc Pn�perty a�x1 Lcndcr'.r right, in �hr Propeny. Lrnder'x uction, may t,._
<br /> -'t�__.� J.N_.sL._:.t_ �nclude oavin¢ nnv aunu �ureJ bv a lien which ha.. nriuritv over this Security hntnimen�, appearin� in court, p•rying
<br />-- reasonable etWrneys' fees uixi entering rn�the Prupcny to makc rcpain.Although l.cncicr rnuy takc urti�m under thls p:�rugrapn ;
<br /> - � • . ,��' 1. I.ender does not hnvc to dn W�. 1
<br /> •• Any amounts disburs��d by l.cnJcr uncicr thi, p•rrsigr•rph 7 sh�ll tx�umc uJJitii�nsd Jebt al' Burn►wcr s��urc�i by this !
<br /> _L, •�' ° ;. Security Instrument. Unless&xrawer und i.endcr ugrce to uthcr�enm uf paymcn�.th�hc:�muwn�tihall lx�ar intercst from thr �
<br /> --4 , date of disburscment ut thc Note rutr un�! xh�ll t+e puyuble, with intcrest, up�m noticc t'rum l.�:nJer to ��m�wer reyuesting �
<br />- - ' � „ payment. �
<br /> 8.MotigAge Insurancc. If Lender reyuintii murl�tugc insurunc�u�u runJi�iun of mukin� �hc laan x�wureJ by thi�Scruriry
<br /> ..":�' ::r . .. �' � Inswment, Burnower shall puy thc premium. n.�yuin�l tu maintain thc murtgu�!c insuran�ti in rl'litil. If, li�r •rny rca.��n, the
<br /> �" manguge insurance cu��eru�te reyuired hy Lcnder lap,�s or rcaK.ai tx:in el'f'�tt. &►rrowcr shutl puy �hr pr�mium+��yuired�o �
<br /> � k•� � • obtnin rnveruge sub�wnliully��yuivulent tu the m��ngu�e imuruncr previuutily in efl'ect,ut u cu.t�ub�tamially ryuival�nt to the
<br /> ? ' •• J 7 ° co�110 Borrower ot thc mortgase insurunce previouxly in cl'fitt, fn�m un ulternute mon�tuge imurer oppn►v��ci by LenJrr. 11' �
<br /> ' ��r'4'�-. . I
<br /> -,_:i . , � v,y��oi� ' Form 30Z8 9180 l
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