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<br /> '���'' .., °:''. i.', � The Funds shall be held ia�n instituUoe whoso deposih�re imund by a f�Aar�l �4ency. irutrumonulity.
<br /> � ':M�e�'*�4i? or enlity tincluain�leader. i(4eadar i��uch u� instilution) or in iny Fedenl Hame I.oan B�nk. Lendar o1u11
<br /> '. t{.,.,� .. «pply the FunAs to p�y tho F.�crow Itena. Laader m�Y not chu�a Botrowa tor holAin�end�ppiyina the Fund�,
<br /> �nawlly aulyzing tho aaow �ocaunt. or verityie4 tho F.�crow itrnn. unlea i.en�er pys Borrower interat on
<br /> • �� ~ � � the Fuad� �nd appiiable I�w permits I.ender to m�ro�uch • char�o. However, Londer m�y requiro Borrower to
<br /> " "� � -;�,�k p�y a one-tlmo charQe tor�n indepandent ral atate t�x reporlin��ervioe usad by i.ander in connaation with thi�
<br /> �-t. . . . . �, lan. unlaa oppliable l�w provida othetwiee. Unlas �n�Yroement is m�da or�ppfiable I�w requira interat ta ,. ..Y...
<br /> � ba psi0. l.ander�hsll not bo roquirod to p�y Barrower my intarst or arnin�s on the Fund�. BoROwa iutd
<br /> �� " Lcndcr n►�y ayeea [n writlaa. howevtr. th�t ietere�t s6�ll be Wid on Ihe Fund�. Lender shsU afve to Borrawa.
<br /> without ch�rae. �n wnu�l�ocountin� ot Ihe FunM, showina cr�edit��ad debit�to the Funds�nd 1ho purposa tor
<br /> cre
<br /> ,���• , •` • which aah debit to tha Fund9 wa9 nnde. The Funds �re pladpeA a�Idiliond socutity for dl �unn�ecured by
<br /> •:;� � • this Seaurlty Irutrumant.
<br /> II the Fundo held by Lender ezoeed the amounta parmitted to be held by appllaibla I�w. Lender stull
<br /> ;`-{°� ''� � ' • aocount to Barrower tor tho oxass Fund4 in �ocord�noa with the raqui�amenls oi appliaible l�w. I( tha�mount ot � ;'�: ::�=a',_:::. � �<
<br /> ' �" ''19' � the Funds held by l�entler�t any tlme i� not suftiaiant to pay the Bsetow Itama when duo. I.ender m�y so notify `+1��it� �
<br /> .�.�,, ..t.. .�...�:..
<br /> �`��• Borrower in writia�. and. in such asa Barrawer aholl pay to Lendcr tha �anount neoessery to maka up the
<br /> ' F"�!�`�� � i, ' ' detiaienay. Borcowa� sl�w�l matce up the deficienay in no moro thon twolve manthly paymente. �t Lenders �ole - =�4
<br /> ; i � .. diccrotioa.
<br /> i: , :,
<br /> � � Upoa paYment ia iull oi ai0 suau cxured by this 3ecurity Inslrument. Londer ntuiil promptly rofund to .,� .
<br /> Barrowez�ny Funds hcld by isnder. If. untteu pu�Br�ph 21. Londer shail acquire or sell the Property. I.anda. "u��':.
<br /> � ` �.. ,',.' .
<br /> prior to the�quisitiam or sale ot the Prapertp,sh�ll �pply any Funds held by Lender at thv tima ot acquisition
<br /> , ; . . or s�lc��cndit aQain�t tha sums saur.d bx �fi9s Security Instrumanl. ��',� ,-.,, .
<br /> 3. Appllatiop o[ !'aymenis. Unless Appliqble I�w provides otherwise. all p#ymerts t+eoeivcd by l.ender
<br /> ; ' ,; undcr p�rcaaraphc 1 and 2 shdE �►+e �pplted: first. to �ny prepayment cturges duo under the Note; sacond. to ' •��iil�¢'"�
<br /> �rc
<br /> � able u�der ara a te :; third, to intaest due; [ourth. to principal due; and l�st. to any late charQes � , -�-�;
<br /> �� Amounts�ay p Q P
<br /> '�"''+�' due under the Note. `. ' ' -
<br /> � ' 4. Cbu�eo; Lbas. Borrower shall pay sll taxes. assessments. char�es. tines and impositiona attributable to ,,.'.'�
<br /> the Praperty which rn�y pltain priarity over this Socurtty Instrument, and Ieasehold pnymcnts or Qround rent�. ;:��
<br /> � ' it nny. Honower shall pay theso obligations in the manner provided in par+�graph 2. or i( aot paid in that ,i:��� �
<br /> mvnner, Borcower shall p�y them on tima dirocUy to tha pason owed payment. Borrower sholl pramptly turni�h ! J•�
<br /> to l.ender pll notias of amounts to be paid unda this parepreph. If 8orrower nwres theso paymants diraatly. �. .,� �
<br /> Borrower�Nall promptl,y turnish to Lendcr raoeipts evidencing the paymants. '
<br /> Bo►vowa shsil promptly discharge any lien which has priorlty over this Socurity Instrumant unless ! • ,.: .,�
<br /> Borrowa�: (�) a�ras in writing to the payment ot the obligation sacurcd by the Ilen in a manner aooaptable to f ,�;j;� �
<br /> __ ,_ _. ).cnder; �b) contests in good tajth tha lita bY, or detends agoinst entoroement ai 11he fien in. legal proaxd'epgs � ;4"a
<br /> �'' � which in tha Lender's opinian operute to pnvrnt the entorament of the lien; or 1�) sPCUrcs from tha holdea� ni �r" .,,
<br /> r
<br /> r�•� '• � the lien an �B��nt satisfactory to l.ender subordinaling the lien lo this Secwr.i�ty Instrument. If Len�ler ' ;i:,: .,,�;: �
<br /> � • "�'� � ' detrnnines tPiat any part of tha Property is subjxt to a Uen which may attain Priority over ihis Securi�y
<br /> . . � instrumeni, Lender r�ay give Borrower a notiae identitying the lien. aorrower ahall satisty the lien or tako one � • , '
<br /> '� or moro o� the aetions set torth above within 10 days of the giving of notia. � �� �
<br /> '�',,,�' ..;,.. • '�
<br /> � `�'�� � S. �9�zud or Property lnsunnee. Borrower slull �eep thB improvements now existing or hercatter erected on �� .�. :
<br /> . "'.'� the Property 9nsured against loss by firc, haxards included within the term"extended coverage"and any other � -
<br /> tuzerds, including floods or tlooding. for which Lender requires insurance. This insurana shall bc maintained .
<br /> in the amounts and tor the periods that Lender rcquircs. The insurance wurier providing the insunna shall be �
<br /> �• chosen by Borrower subject to Lender's approval which shall not be unc�easonably withheld. If Borrower tails Io �
<br /> .�, maintain coveraQe described above. Lender may, et Lender's option. obtain coverage to protect Lender's riQhts in .
<br /> .r � the Property in aocordnnce with paragraph 7. ` � *�.
<br /> ��'. A11 insuranoe policics and renewals shell be aooeptable to Lender and shall include a stendard mortgage : ��
<br /> „ �,� ;,, " clausa l.ender shall have the right to hold the policies and renawais. It I.ender rcquires. Borrower s hv l l prompt ly ,
<br /> •� -�,�• give ta l.ender all realpts o( paid premiums and renewal notioes. !n the event of loss. Borrower shall Qive ,.
<br /> • � � prompt �notioe to the insuranoe c�rrier and L.enda. Lender rmy make prnot ot loss it not made promptly by ,
<br /> •� � � '' Borrower.
<br /> .��� Unless l.ender and Borrawer otherwise agree in writing, insurana prooaeds shall be applied to rcstoration or
<br /> � repair a! the Property damaQed, it the restontion or repalr is xonomically feasible and l.cnder's security is not
<br /> lessened. It �he restontion or repair is nat economirally fr�sible or I�ender's security would be lessened. ihe
<br /> .' • Insurance praooeds shall be applied to the sums socured by this Securi ty Instrument. whether or not thrn due,
<br /> . with any exass paid to Borrower. It Borrower abandons the Property. or does not answer within 30 days a
<br /> •i. notia iram I.ender tAot the insurance carrier has offered to scttle a claim, thcn L.ender may collxt the insuranoe ., �
<br /> prooads. Lender tnay use the proccids to repair or restorc the Properly or to pav sums secured by this Socurity
<br /> ;�:; • Instru9nen�t. whether or not then clue. 1'he 30-day period a•ill begin when the nnticc is given.
<br /> . • ' Unless L.cnder and Borcower othcrwise agree in wri�ing, any applicatian�f prooeeds to principal shall not .
<br /> ' exlend or postponc the due date of tha monthly payments rcferrcd ta in paragraphs 1 and 2 or changc the amount
<br /> �: ,�.,�,� • oi the payments. If under par�gnph 21 the Property is acquiTCd by Lender, Borrower's right to any insurance
<br /> ). ��. ! ; � � � policies nnd proceeds resulting irom damage to the Property rrior to tJ�e acquisition shnll pass to Lender to ahe ,'
<br /> • �� � �xten� ��! the sums secured by this Security Instrument irnrec:iately priar to the acquisitiun.
<br /> � , , ' .�. � i. Uanpancy, Prcscrvatioa. D�laintenan.ro �nd Prolee���n ot the Properly; Borrowcr's Lo�n Applialloa;
<br /> � ' '' '� � ' I.asebolds. Borrower shall occupy, establisM, and use �he Pro�+eer�y as &irrower's principal residenoe wilhin sixty
<br /> • - ,' , days aiter the exxution ot this Security I�sarument and shall continue �o oocupy the Property as Borrower's ,
<br /> �. • � ' � principal rcsidenoe for at le�st one year at¢er t�he date of occupancy, unitss l.ender otherwise agrees in writiog,
<br /> , ' � which eansent shall not be unrrr�anably withhdd, or unless extenu�ling circua�sianea exist which are bee+ond
<br /> ; Borro+ra's control. Borrower s1�a�C not destroy, damoge or irnpafr the Proper�;•, allow the Propertg• ta '
<br /> h dateriorate, or commit waste on tQx Proper�y. Borrower shall be in�efa�ls if any forteiture aclion or procadia�g,
<br /> . ..�._•4�. :� _� r�.. .�_ �_..a� ...� 4:.w :,..a. ... .�.+ .�• f..rr.:.. ..r •�
<br /> -- r' • ' .�...... :::.. �.: :::.:::... :'o ....�y::i ....0 •: .....r...�s �v.... .. ... ,..�y.:n... .vL... :"':. . '^ ........«': ... ...�
<br /> Properly or otherwise materially impair the�I�tn ereated by this Secacitq Instrument or Lender's socurity� interest.
<br /> � � Borrower rr�y curc such a default and reinstate, as pra��ided in paragtaph 18, by causing the xtion or prouie�ing
<br /> � � to be dismitsed with� ruling that, in Lender's good taieA determina�ion. procludes torteiturc oi the Bonowcr's
<br /> ' • intercst in the Property or other material impairnieni og the lien crpled by this Sacurity Instrumenl or l.ender's
<br /> ;+ sacurity interest. Borrower shall also be in default if Borrower, during the loan application prooess, gave
<br /> ' m�terially t�lse or in�ecurale intormatioa or statements to L.cnder (or tailed to provide l.ender with any material
<br /> intorm�tion) in connation wi�h the laan cvidenad by the Nnle, including, but not limited to, rcpresentations
<br /> � ; � � ; oanarnin� Barrower's oocupancy ot the Property a4 a principal rcsidenx. It this Securety Ins�rument is on a
<br /> . lasehold. Borrower ahall mmply wilh s�lt th: provisionx ot thc leasc. It &�rrower acquires tee title �o the
<br /> � Property, the lasehold anQ the fa title shall nat merQe unl�s Lender agrees to thc mcrgcr in writinQ.
<br /> ' � FUMC 2019 (9/91) Pagc 2 of S
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