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<br /> — _ ,°�° ` 7�e_Fun�s ahatt be heEd in�instttuHnn whosa depostis 9��6y a fedeinl 4gestcy. iasftiuri�.atality.or,ei�► ` . —
<br /> = -==— ' . l�tadiag ia.�r,if irender�S such an institutian)or in any�ftederat Home t�oan Bank.f.ender sl�aU e�ply�tae Funds to�r the.` .
<br />�-- - Bscxnw Itgms.�ehd�may►aot charge;Eorcosver for Qalding a�d ttPPlying tlte Fuuds.'fuu►ually�aaalyxtng t�e�row aQOnuat;mr`..- -
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<br />�----=--� ` ve�ring tae Bsc�vcv�Sems.ualess i.en�e�r pay�8anowee intesest on tM F�nds and , Qle iaw_pemuts Le�d�r,to make sach �� � --._
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<br />�._..= � $a`�a�g�..��:�er-ar�r-�SarsQ�sc��a�*�_s�arge fo*a� ���_�1�rmc. _►�c.sctvt��—� -- - .,�_,,
<br /> -- � �aaed b L�der�.in oanne�io� with tlds toan: untess a�1Ic�ble tuw prov�d�pthcrwise. UNess an aIIr�em�nt is�de or :
<br /> _ - _ � � �ppl��c�ta�v requirPa laterest to bo pafd,L'ender s�al!aot be r�ulc�d to p�y Bon�owPr a�interest or earninga ori�ie�E3�ads. �
<br /> - . : Bori+p�-=andd.endet may�&r�ee in wriw�g.however.that tnrerest st�atf be paid on the Fuads. I.ender shnit�t�r�.t+��rr�rwer. ,.
<br /> .;.� without cBange.au a�mua�a�ounting of tIIe Funds,sl�owjng credits add debiLg to the�uitds a�d'the pur�for wAIch eash
<br /> _- . .debit to the Funda�ms made.'iY�a:Funds are pledged as additional sQCUrify for si3 sums secumd by this Secugl�t�nstcument. °�
<br />� � � If Ute Funds held bja�ireader eaceed the amounta penniaod to 6e hetd by HcPble law�Lender shafl�OOUat Cu Bom�ver ._._
<br /> ��° � ��� for tt�e ea�eess Ftincl�:M�acoor�danee.witt►ttse uiremeats of applicabla taw.If�e amouat op the Fnada het�by I�ende�at any r=-- ---
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<br /> �������' ,� - time is not suf�eteat ta a}r�the Escro�v Items w�en d�e,Lender u�y so notify Borrower in writiag.end,9n such case Horrower .' � _
<br /> ��-;. � � - sh�1 �tc►i.�ender tha amamrt-a�ta make`up t ht d e f iciency.Somnwer s h a l i�a t c e up�-�t t e d e f de�.y ia na�orc t�t . - � -
<br /> ��:�'. ;'� ��'�, twetve moathly FaYments,.at:Lendec's sale discc�etion. � � �j �_
<br /> �Jy�=, . `,�:, ..���,��> Upon aa,yrment�In;fult of aU sums secune�f Dy tt�is Security tnsttumeru. Ixnder shalt Qromptly refuud to Bormwer eny. , �`°`'�-_= _.�
<br /> : ':k��;',�>.�:' . Fnada hstdbY,�nder.If.under paragraph 21.Leader sRall acquu�e or sell`tha Ptn�rty.I�nder.Qrior to the.aequisition or sale =_-_ _
<br /> �'a;: of.th�i Pro�r�yr�shall�applyeny Fl�nds held by Lender at the timg of aoquisiuon or s- a!e as acred�t aguinst the sua�s secut2d by -- -
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<br />�.,.`�:�.. ,.��� 3.S��ota of Fl�yments�Unless applicable law provtdes athecvvise,ell payments received by Lender under paragtapba
<br /> —.�y'�. - - .`Y �Y,�"<�, 1 and 2 be eppiied:.first,to anY Pr�aYment ct�atges due'uader the I�tate: secund.to amounts payubie uttder paragiagh 2:_ =---.-- --
<br /> �' �-`.{�'.``� thftd.to interest due;fouath,to principal due;aad last,to any Iste cl�ges due under the Note.
<br /> ':.,�.�.����:�`���;� °"'•�.'' 4.Cb�rges;Iate�s.�omnwer shall pay all taxes.assessments.c6arges,5nes and impositions attz�tctahle ta the Property �=_--
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<br /> �,A ��,,y,. , which may�.attain pr�ority over this 5ecuriry Inshument,and teasehold payments or ground�nts.if an}r. �orrower shall pay � __
<br /> '����,;•;� these abligations in the manner psovid,ed!n pazagraph 2.or if not paid ln that a�anner,Borm�vr.r 5�ta1i'pay tttem on t�me dit+e�tly -
<br /> _�'.:. s,.u._�'z;-���, w the persan owed pay�eent.Borm�e��.grom�tiY fumish to Len�er all nouces of amuums to be paad�der this paragrapS�. ,�3v�.4=
<br /> -- :;�ti•:: •-.,;�''�Y' If Borcower tnalces Lhese payments di�l'�r,�orrov�r�all pmmpdy fnmish to�.ender reoeipFs�evideneingt�eFaYmeats: , -=-
<br />-=``' °�,•°:_..`.`.��r r Bornower shall promptty disc�aege mp tle.ff�s.��has priority over tlus Secwity Instrument unless Bmaiv�ver:(a)�,.'rees in "':::--
<br /> `- " writing to the payment of the obligati�secured b��the lien in a manner acGeptabte to Lender;(b)contests�?�.gond�i�itthe IIen +�^r-
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<br /> "� � _ hy. ot defends against•enfo�ement uf c�te lien in.lesal proeeedings wheeh ia the Lcadcr's oginion a�s�ate to}x���eai tiie „�,,_ �- -
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<br /> ,, � enforc:e�ent of Wa lien;or(c)secures from the holder of tke lien an agteemeut satisfactory ro Lendes subondipaUag t�e Iia-,n to `�-,-
<br />= �� `� ti"� .;' this Secu�iry Instcument. If Lender detemunes tha�any part of the Property is subject to a lien whicl�may attain pnori¢y over = ____
<br /> -�. -�r �4 :� thia Secarity Insm�meut,Leader may give Borruwes a notice identifying the IIen.Borrower ahaU satisfy the lien or take one or ��i;y�`=
<br /> : mare of tha actiuns sec forth nbove w�tbin 10 days of the giving of aotice. � . �
<br /> � 5. Ha7ard or F�eriy Insuraaoe. Borrower shal! keep the improvements now enlsting or he�eafter erected on the s�
<br /> �:'�-: : �� ` `:'�t,� Pnoperty insured against loss by fire,hazards included within the term "eatended coverage'and any ather hazards, inclading .°.��'��-
<br /> ;S ti ,, ;, r n i==� floods or flooding,for whlch Lender requires insu�ce.'fhis insuranoe shall ise maintained in the amoun�s and far the periods "`'�r���--=
<br /> : � tx�'�:•.. that l.ender reguires.The iasuiance catrier pmviding the insurartce shall be chosen hy Borrower subjoct to Lender's appmval . -
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<br /> �:?_.,�.....�,-.� • ,T whIcb shall not be unt+e�asonably withhetd. If Horrower fails to maimain coverage described above, l.ender may, at Lendes's �;�.f'.;.�-���----
<br /> �"; '� oprion,nbtain coverage to protect Lender's righu in the Property in aacordance�ith paragraph 7. �� � r�_
<br /> �� �'' '�� AlI insutance policies and renewals shall 6e.accceptable to l.ender and s�ait inelude a standard�am:�rgage ctanse. I.ender .•_ �,�--
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<br /> ,.,'.,;�„� 's;�:,,;:F ti,�.;}; shaU have the right to hold the policles aad renewals.If Lender requires,Borrower shall pmmptly give ta F.�cder a11 receipts of ,,`•;�;•�y��=Y; : _
<br /> aid ms and renewal norices.(n the event of loss.Borrower shall ve rom nodoe to the insurance carrier and i,�der.
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<br /> � ' ,. ti„ ti,;+ Leader may make praof of loss if not noad�e pmmpUy by Borrowe� . � 2 :���,+ ,;'. ,`=
<br />- • . " � . •;�:"'} U�t l e s s l�n d e r a a�$o r r o w e r o�i s e a g r e�i n w ri t i n g.i�r a n c e p m c o e d s s h�dt 6e a p plied to restoration or m p a i g.of tite •,.�'s.� -
<br /> 4�.�:.• :�:�:.;: •<:.''''„�`•` . Pro rt dama ed,i f tfie resto�ation or re air is eror�uicall feasibte and Leader's security is not lessenod.If the restoration or . . �:.1�'=-
<br /> �;_,5 � ', nepa�r is nat emnomicatfy feasibte or Lender's secvri¢y wo lu d be�lessened.the insutance pt+oceed9 sh�ll be appliad to the suma ° �,. .-�r` _.`_
<br /> � • . � + seeut�ed by thls Secur�ty Instnement, whether or not then due. wIth any excess paid to Borsower. It Horrower abandons the . , ':,�,._-
<br /> � Property.or daes not answer within 30 days a notice fmm Lertder that the insurance camer tYas offeced to settla a claim,thea � :_
<br /> � � 'F , �t� Lender may colleci the insurance proceeds. Lender may use she proceeds to repair or resroae the Propeny or to poy sums j � ;,;; ���,k
<br /> � '`' , ' ";�`'; }•' secuced by this Security Instrument,whether or nat then dae.The 30-day period will begin when the notice�s g�ver.. ,r...� :::t;�,,;��•{,: �.
<br /> �. ; ',�:., .•.":;:�::• �;. Unlass Lender and Borrower otherwise a in writin . an a lication of raceeds to rinc at shall not extend or ����`?''`'�•�•�=��"'
<br /> - 8�'� S Y PP P p ►P .. E.,,,�;,;s
<br /> , 4 , �� '�..� postpone the duo date af the monthly payments refecred to in paragraphs I and 2 or change the amoaat of the payments. If • , ��''�;' �°��3��-
<br /> � � . under paragraph 21 the Propercy is acquired by Lend•r.Borrower s nght to any insurance polic�es aRd prooeeds resulting from � . �=._
<br /> damage to the Frope�ty prior to the acquisition shall pass to l.ender ro the extent of the sums secured by this Security Instrelment , . '`_='
<br /> � � .. .. � immediaoe[y priorta the acquisition. •
<br /> ��-�' � 6.Oeeupaney, Preservation,:1falnteaance ar�F'rste�a�of the Prapecsy;Sorrowet's Loun AasF;:catton;LcasrS�alds. -_. �
<br /> i;~�.� ` �•. �:. Borrower shuU oaupy.establish.and use the Prope�ty zs Horrower s principal residence within siaty days a,Rer the execution of ,.' . „ . .
<br /> � l;. '�.:, ._� this Security lnstrornent and shall continue to occup} ahe Property ati Borrower's principal residence for at least ane year aRer . �.
<br /> , � the dute of occupancy.unless Lender otherwise a�:ees in writing.which concent shall not be unreasanably withheld.or unless • :
<br /> F '.� . � : eatenuating circumstances eaist which are beyond Honower's mntrol. Borrower shall not destroy, damage or impair the � "
<br /> �; � Property. allow the Property to deteciorate. or commit waste on the Propeny. Bonower sh�ll be in default if any forfeiture �`'�
<br /> ` ��' • . � action or proceeding,whether civil or crimirral. is be�un ihat in l.ender's good faith judgment could result in forfeiture of the '',' .
<br /> 1;�, �" • � Property or otherwise materialty impair tSie lien cr�ed by this Security lnstrument ar Lettder's security interest.Barrower may ° •
<br /> ;� ••'• . ' • : cure such a default and reinstate.as provided in p�aragraph 18.by causins the uctiun or proceeding ta be dismicsed with a ruling
<br /> �;, " � . that. in Lender's good faith determination. Qrecludes forfeiture of the Borrower's intcrest in thc Property ar othcr�naterial , .•
<br /> ��t� . � . ' . impairntent of tha lien created by this Secunty Instrument or l.ender's security interect. Borrower shall also be in dePuult if •
<br /> �; ; � � �; . Borrower,during the loun application pracess.gave materiaqy f�lse�r jnacwrate infarmation a�+tatements to i.ender(or failed �
<br /> :�� • to provide I.enderwith any material infornwtion)in connertinn with the loun evidenced by the Note. including,bu[not]imited
<br /> , ?-�' to,representatians concerning Horrawer's arcupancy�f ihe Prnpeny us a principal re�idence.lf thi+Secur:cy lnstrument is��n u
<br /> :�:��. leasehotd. Horrowes shall comply with all the prav�ti�ons of the Ipse. If Borrower acquire� fee titte uo the Prapeny. tho •
<br /> ''�a:�`�. • leasehold and tho fee titfe shaU not merge unless Lend�c aarees to the merger in w�iting.
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<br /> ��;;.��',.?�;3���,;:.,:,�, 7.�rotectton of Lendes's RigEums in the Prop�erty.lf Borro+�•er fails to perform the covenants sind agr�ementb contxined in
<br /> ,'��,��,:�.;;,�.._.:. . .�, � • this Security Instturnent, or there is a le�a► proceeding thut may significantly affect Lender s rigfits in the Property (such as a
<br /> ;.;�1t';;���:,:.�;�'",'::�•''•.:" praceeding in b�uikruptcy,probate.for cdndemration ar forfeitum or to enforce laws or reguiutions),then l.ender may du and ' .
<br /> �r `�".'°��;�'•� ` pay far whataver is necessary to protect ike 4alue of the Property und Lender's rights in the Propeny. E�nder's actions m;iy �
<br /> '. ' ' �"�;���` ' ` `, include paying any sums secured by a lien which huc priurity aver this Security lnstrument. appear:ng in coun, paying .
<br /> a a� , `���"-•4+r�,�. �' �SOI1Sble attorneys'fees and entering an the Prc�rty ta make repulrs. Although I.ender may t:ike anion under this puragraph � -
<br />- � �`''��� �`��� ' ' 7.Lenderdoes nw have to do so.
<br /> ,.� . � ;;;,. . .
<br />�'� ,,. Any aawunts disbursed by F,Q.zder undet this paragraph ?shall be�ro►ne additionul debt of Burtower secured by thls
<br /> �. Securiry lnstntment.UNess Borrou•er and l.ender agree to other terms of payment.these amounts shail bear interest from the ' �
<br /> � �� .'� . ,.A �.' . � date of dlsbursement at the Note race and shall be payable, with intcrest.uPon notice fiom Lendcr to &�rrower requesting
<br /> �s� : ' payment. •
<br /> .. � 8.Mortgage Insurance.if Lcnder required mongage insurance uti n condition of mtilcing the lvsm secured by this 5eruNry
<br /> - . . instrument. Bomo�ver shall pay the premiwns required to maintain the mortg•rge insurance�n cffect. If. for any rrswn. �he
<br /> • mortgage insurnnce mverage required by Lender lapses ur c�ses ta be in eftec�t,Burrowcr siuill puy the premiums rcquimf tu
<br /> . . obtain coverage substantially equivalent to the mongage insutattce pteviousiy in eFfect,at a cost subsWntially equivalent tu the
<br /> `� " mst to Botrower of the mortgage insurance previously in eifect.fmm an�Itemate murtgage insurer approv�!by Lcndrr. It'
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