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<br /> `g_ '��, t . �. 1`�e Fus�`s sIiat!is�.he�d"fa em i�stiwdoa whase�d�osits��insured By � fetl�stl�agencY,�e�nsai�i`menta[try.�cs��e�i�r_ - _._.___�_.__._..--
<br />--� }.-'-'_�� �6;.�`°�„� , if Lender is stach 3n i�aon)or in eay�eQerafl Home�oan 8�,.�der s�il itgply`tbe F�ds tc+pay ilt� ..
<br /> �pp. er � .
<br /> �:..:�: �1u�8 $ �PSY� aaa� the�arcoun�r or
<br /> -- . _ " . _ �,SCSUH Iteans:.I�der a�ay aAi cFiarge$mn4wer fot holdirn and Lita�ur.t�,:�9�tY In1e�
<br />- � `�`:�;<�a ` verifyin�the Es4mw[t�as.unies.4 Lend�t pay��'or,roaer inter�st on the Fi�ds ea�app8ft�t�e tew penruts�L�i ito cr.:atce&sttcA► . .� ; _--
<br />- - .:�:�:' a cf+arg:.�Iowev$r�,lf�e�der.may require�asrA���s w pay�ou�me c�ur�e for a�i�de�ttdeat rea!cs�►te ta�:�dstit�g s=r+tbne. . . _
<br /> - ; `�:,��:',�.:.. :;� .��.: nsed�6�.laend�r iu,ca�on cuith tt�is itra,n,:ani�s apgDr�atiie ia�r piovidea olbe:w�se. Us�1�'tur�t is.m�de +na _
<br /> ':-' � ti�a�le law inter�st to be paid.I�ende��sisa�i aot�e tequired ta gay Berr�wer s�y i n t e r e s+t oz.e a r r�t�a a n.t�s e P indg.`., ,
<br /> - -- �aad�r a}t�i���•6owever.tba4•irterzst sbalt be.pald an[he Fands-Ia.uder sha1Y'�.tve�.to 8�ormwea�, ` —_-
<br /> without charge.�w anmiai zpaoiutting of the Funds.shav�io,�credits aad dQbnts ca the Futu�aad the pua�po�,s ftrr�cvTnfdi casfl, , __=_-
<br /> • .- debit to tbs Funds rr�s mad�_�0�hads are p2edged as addi�ouaf seivriry faz all sums seeurraa�d byr thia SecuriCy f,taStt[tmcN• --_--
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<br /> --- ' ` If tliee Funds held by t�nnAcs exc�zd t6s amounis permYtted W Ise heid byap�lira6le taw.[.�nd�r�hai1 awouui to Iiorrower .�� _
<br /> : -- � for the cxc�ss Fands in acooidans�s with the�equirerrtPats of applicab2e taw.It the amount of tfle�&eld by=Le�'�fer�as�y -""`
<br /> - �� ame isnat sufficieIIt w pay.tlte F.scm:v Ircros when dae,Leader may so noiify Bm�rqst��iA writing.s+nd.in such c�Borrau;er ��`!_�?""c -
<br /> • � _ �`` . sh�tl'Pa3'•to I�ender ihs amaunt;n�y•to m�e up the def�ciency.Bnrtower sbs�l��i9 ap the defiaency in aa aYoie ttrrsn �� f -�
<br /> ender � - ----
<br /> � ':i, twelve moathlY Pa3+��•a3 t,ender's�le disccetion. ��.�i r refuad[o Bor�swes any � ..._ -----
<br /> _ Upon�payme:nt�in,fall of all's*Sms sac�red by this Security Instr'amen� P o�Y - - ---
<br />- . Fnnds hetd by:Lender.If,ander patugts�pil�2��Lend�s6all acqui�+e or se}I tbe Pmgerty,Lendes..pstar to th•aoqoisiti�or sale -- -- -- __
<br /> °: :,��;,_: af the PmPertY,��aPP13��Y��ds itatd�by.;l:end�r az tbe time of acqws�tron or s�le as a ceedite�ansi tbe su�s secured by --_ __---- --
<br /> ; � diis Secutity.InsUmm�ot. . ' _ � --
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<br /> : 3.�1ppl�caiaon af�yanmta..Unlussapplicable taw pmvid�othernise.al1 p2�ymaus reoei�red by i.eader�tn►��u�ggarragrEghs � � -----
<br /> � ,�. � . 1 and 2 shall be applied:finst.:ta•m�y`rPrepaYm�nt ch�cs.due undxr the Nate;secand.�o amosmts payabte iw�t,�rgi�zph 2. ��T�,��q. —
<br /> .�r ;;%�,���ts - � - -,: thind;to inter�t dae-fonrth.m piincipat du�and last;w�m�y�,iste c6arges due�d�r�Rhp Tkoie. .,. ., � =� _
<br /> �' � i� ': al1� assess�nt.�.chaa'8e.s.fi�s an��impasitinns attn'butabie ta��tl�ProFertY � '` .
<br />�,�uz�,��"',� =� 4.Ctzm�ge�.Li�s.&rrro�v�+sb�lI�ppy,_ taxes,
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<br /> l,�t���,x� , t, a�icb may.auuin�piinrity over this Serarlhj�•[asuum�,nt, and teaseho]d paym�nts or gcound rerts. if mry.Borran+er sbalt pay. `i 5 y�,� -
<br />�<`�€�y� •� � these ui�ligadons�n the manner pmvi�in paiagiaph 2,or if crot paid•in tI�t m�Er,Borrower s6a11 Qay them on time di�.Up, _-- _
<br />-, .t`�'�`t ',` ': ,,<�:.,�.`•,_ w tlte pers�on owed paytrtem..Horcower shall Ft'omPUY fnmislt w lxoder aIl notices 4�amonnts to be paid under this paragrapb. � �h, . -
<br /> y 1�`�`�r '.::`-,'',:,;%Y IE Barm�ver malces thcse paymeiqis direc�tY.Borcower shall�psomp8y funvsh to LeadEr�eeecpts ev�de.nang the paymeats.. � ��},L}._,__ - --
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<br /> ,,.� ,• _... 8omawer shall;Pmcapt�3i':di�ar�e anK lien whicb Gas priority over this Sean'icy Insutittaent unless B�rrowes:(aD�u► I'��
<br /> ��xs: �-:,-.....,. .. .- ��$w Th�paymrr�t;ii�t�Rliligation�se�u�d hy�the{ien in a manner-aooeptable w..L.ender,(b)oont�sts.ingaodfait�.th�tien _...------�s>'�qr} ,` -_- --
<br /> � s '• by,or d e f e n d s�g e�h s t��i f`rii�en t o f t h e H e n i n, l e g a l p r o c e e d i n g s w h f c� i n t h e f.e n d e r's a p m i t m o p c�a t e to p r e vent tl�e � °, - -
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<br /> enforoe.ment of tha lieii:;pc(t�osetar�es from We holdenof�the lien aa a�eut satisfartory w I.e�3ta�snbotdi�simg the li�to �< �k -----.--
<br /> t h i s S e c u ri ty I�m v m e u i::i fi.I u�i i tr d e t e n n i n e s that a t ns�i t:af the P ro p�i{y is su6,�ect ta a liea whic6 may atttnn priority over : 5����k _ _
<br /> • ` res '� this Secarity Tnstrnmenq,I�itei:'�maY give Borrower a�ncAiael�entifyin�the lieo.Hw:ucver shall sa t i s f y t 6 c Hen or t a k e one or ��� ,,s u
<br /> : , �'}`�; r r . ma�+a of the actians set faN1•above within 10 days of the gii�.of notiae, • ' - 3a�t�f�,�:'�'"' _-
<br /> - , .�;,:,�,�;.��,.�..,�r'. . 5.Hamn�`�an Ptvperty Iasniaace. Bflrrower sris�iU!Isa�.the improvemeats now existiug or hec�after eiected on ihe _ �:, p. ,
<br /> :r.`.:;�: ,`� , ���i` PmQerty insura�l�agninst loss by fire.harards included�within tfte tenn°extended coverage" aad any othet ha�ards. including . . :;,',;:.:=;
<br /> r;, `:r yr�,' flnads or flaodlt�g:for wfuch Le�er requires insarance.Tivs insnrana:��'a�l!tie�sintained in the amounts and for ths peri�ds', . ',.�st `
<br /> i;:, .f����J thatiLeader t+eqaites.The inruranoe carrier providirsg the insimtnce shatl be c�►osea 6I!�r�wer sub}ect to Leadet's appraval 1 k� .
<br /> �i.r:,:j.;y1 �F•, tvhtdi�shail not be unreasaa�b1�tivithhetd. If Borrower fails to maintain caverage�t�.�i6ed a6ove.Lender may,at.Ixnder's f�;,��y, ,
<br /> r;!',.'�:,�;;� ve Qe to mte:�t.ettder's ri ts in the Pru erty in acrondaace wi+tir� h 7. ':°�')f�.::;;;
<br /> ' ;:':-.;};'� �e opflGn.obta�a co ra„ P Sh P ac o .
<br /> - 3_�;;%;`��y��� • � ;�;,;> AIt in.wiinx policies aad�renewals shall be acceptable to Lendei::�c�sha3t�ir� 'e a standasd mortgage clanse.Lender ,, ,:'�,�... ,
<br />�". ':,,:.��•,,�.'':•� , _.:; shriil have tUe}��{:it�hold the policies and n�rc-�r.1s.If L.euder requi�.l3ii,rrower shall pmmpdy gjxeto Leader all receipis of �'%
<br /> �� �:.L,��'-,�}:< ���^ x�prompt notice to the E�au=��e carrietaad L.eader. . �' '.:? -
<br />''� �' #,<,. .. p�id`Rn¢QUUYS:wni t�ewal notices.In the e�qri'af loss.Borrower sh:�1.�t:,�. , '.:- �;,t,-,
<br />=�' ��iY73 t , - .l,�ax��m2.'br,�ii:�proof of loss if nos made promp[ly by�nr.rower. � �.. , ' •.: � �`i;i',;�`�' _ _
<br /> `;"7����r�`F, . fa .i.'i�°ss'f�ai�.er and Sornutiver ot2�envise agree in wriv�s�,.insurance proceeds sha16 be applied to reswtaa�d:r`sr:r�a(r of the f���=� svy:::
<br /> � '."�,i�t;"r�ij�.:���.� • � �` �'. ,f���.r,..,,�.,...�, .
<br />_ '� � .::�;jr�s<«? _ property dani�a3,if the restoration or repair is economicaity feasibte aa3.'Leader's security is not lessened.If�3^�r�.sT+mration or ;�f�;y',��z,,� ,
<br />-;�: . ,'���''. mpair is not�a3rn7mica1ly feasible or Lender s securiry wauld be tesseaod�:'tl�e insurance proceeds shall be appSi.u�r�.�te sums . i';`;3�`js'r"�;;�'��, .,;'.
<br /> ::s; .;�.:,<. .. '' ' •� � secured b�t[iis 5eevrity Instrument. whether or not then due. with�ig i,�.ceas paid to Horrower. I@��orrower�iaridasu ,rJn�•• � ;,,,�,�`_�. . ,,� , •
<br /> � Property.ar dces wt answer within 30 days a notice fram l.ender ih:�i 3lic:}nsutance�urier has offered to settle a claim;t?t�s:.:�. � ���:;��. �•; �
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<br /> ',::�;,,��� ., • Lendes may co{l�s the insurartce proceeds. Lendet may use the ptni�ed's to rep�on�restore the Ptoperly or to �ag ums `�` ' {����•, •. �
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<br /> •�•:;,,;,!;... secured by this Sec� " Insuuasent, whether or not then due.The 3�day periad will 6egin�vhen the notice is given. ,r I��i��;;:•�:,.����J
<br /> �'`�'``�' Ualess Lender�and Borrotiver othernise in writin an ]ication of roceeds to rinci al shall not extend or '�- ''�`:� � '�'�"�=="�=
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<br /> :.; , ,,, postgone the dae da2e af the monthty payments referted to in para���s i and 2 or change the amoum of thcs Qayments. If {;�,;�,f��•:�. , ;;
<br />-��f � �� r �� under para�ph 2E.the Property is acquirecf.by lxnder.Borrowei s ri,�v:��any insurance policies�prooeeds resuiting from , � r����`F�
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<br /> � . . d a m a ge to the P n�perry prior to tde acquisition s f�s i l l pass to l�e c t des tu+Jiy�ten t a f t he su m s s e c u re�3:b},�t h i s S e c u r i t y I n s u u m e n t• ° r=�cu:��
<br /> . 'J.;�;�,�. �� �� , immediately priar to the acquis'stion. � ' • �' �.� �t��' ' . �+�,o �-
<br /> �+';��;•r 5.Ocwpancy,Freser��a4ion�Maintenartce sicd Pravo�tin:�nY¢tte�perty; [€urr�3i�er's Loan ApplicatEaht�Seholds. _ _-_--
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<br /> � � . ' Harroaer sh�il i�py.establish,and use the Property as B��rcic�n�er s grtncipal res'seic.�ae within sixty days aftcr thec�cecution of • . .... •'�y'-
<br /> = %�� ' this Security [ic�uument and shall continue to occupy the Properry as l�iura+vei s�:m�r:pal residence for at least bn�year after .,
<br />`;{�' ; • the date of uau�.s.�rcty.unless l.ender otherwiye agre�in�vriting,uhi;�;z��:r,:,ert.:,��;1 not be unreasonably withheld,or unless , .. • ,
<br />` : • extenuating cir.�:u�stanoes exi�t which are beyond Borroaer's contruJ.,.i3�zROa•�zr s'.�ali not destroy, da�nage or impair t#� •' , ,_
<br /> + � :�': ' ' • Property. allow ahe Property to dctcrioratc.or rnmmit waste on the Property. H.��+�:�•er shall be in default �f any fodeitufe ;�;;;xf;�;�; ' .
<br /> �•�'?����:°'� . actinn or praceeding.w•hether civil ur c�iminal, is begun that in I.ender s good t:�th�o�tt�nent coufd resutt in f.srFeiture of the �'R,{�+:�.��;:,,
<br /> . � Prtrperty or othe�y���terially impair the licn cmated My thit Security Inswment er lxnder's�ecurity interes� Bartnwer may rr;';�ik;�s,'::: ,:� .� .. .
<br /> •�; , • cu�e such a def:�uit and reinstate.ac pro�•ide8 in pamgraph !8,by causing the action or prooeedin�to be dismissed with a ruling '}�i C'�;+�� �
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<br /> ' `"��' that. in Lcndcr s ood faith dctcrmination. recladcc forfcitum of the Borrower s interest in the Property or other materiJ , '`����`?�� �'; �•,:`�s�:^G?:4;�..
<br /> �' '';�' '" impairment of the lien created by this Socun y Instrument or lxnder'�ucurity interest. Bortrnver shal) alu�be in default if F':� ' ' 1'iii;';:':it''•;
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<br /> `�'����'i• Bortuuer.durin the toan a Lcatiun nx�es�, a�c matrrislly fal+e or iruzrcur.�tc infilmiation or ytatements to L,en,iee(or failed ;•::��<'' ' �-`'�:�;�`��,.�
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<br /> ;}:;�r';�,;'' ta pmvide Lender��•ith any material informatianl m connection�eith the loun e��iden��i by the Note.inclading.�ut nat limite;l �;<�'f;:';;i`,��1;��•
<br /> . to,repriesentatians rnneernmg&�rroa'er's cxrupancy uf ehe Pr��perty as a principai r��idenre. If this Seeurity InsYrnment is on a 4�,E;•;,:;�`,�,
<br /> . • � leasehold. Nnm�w•er shalt comply ��•ittt aU the pro�•i�iim� oF t}tc Iw��. If Borso��'er acv{uin.�c fce titlt� to the Pn�peny. the ! �••
<br /> . . � leacehold and ds�fee title�hall not mcrgc unl��.l.endcr agn;c�tn�hc nur�trr in writing. { •
<br /> ' 7.Ptnteet�iin�of Lender's Ri�hts in the Ptopert}.If&�rrna•er fai14 tn pediirm the�cocenant!:and ngreements contuineci irt �
<br /> - ' th�s Security Inst�ument,or thete i+a Icgxl proceeding ih�t may tignifiwntly afftct l.Ander's righty in the PtopErty tsucfi as a �
<br /> �;'� �i'�:;:•:: proceeding in b�nkruptcy.pn�bau, fi+r condcmnation or fodciture or ta enii�rce laa•s or regulatiuncl,�hcn l.cndcr may do and
<br /> i� '..' pay for whatcw4�is nea�sary to pr�stect thr�•aluc��f tt�e Pm{►rny rnd i..rnder�ri�hl�in thr Pr�peny. Lcndcr�actinns may j
<br /> ,� include paying any sums �ccurcd b}• a licn �+hich h;s� priority� ncer thls Security Inurument. appearing in couri. paying
<br /> reaconable attorr�cys fees:u�d cnterin��►n the Prnpeny tu make rcpuih:.Afthough Lcnder may t�sL-e adion under this parug�apb �
<br /> � �.} 7.lrnderdoic not ha�•c to da v.. ''
<br /> , � •. Any amounts disbunal b� Lernier urrder ihi� parngraph ? sh:ill hecome :ufditional de4+t of B��rro��er �ecurc�! Ay thk j
<br /> ' Secor�ty Instrument. Unle,�&+rro�+er and l.ender agree to��thrr trrms uf pa}ment.the.e amnunts+hall brar intercst fmm the � .
<br /> i ?�n . dnte of disbutsement at the N�ne ratc aad .Aall be ps�•afile. «�ith �nterest, upun nuficc fmm L.c�cr t�� 8+.�irower rcque�ting
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<br /> i • . paym�nt. ' ,
<br /> 8.rtortp�ge lasurattcr.li Lender rcyuimd mortgage insumncs:��a crndi�ion of mafcine the Idan�ecut�d b}thi�Se�vriry
<br /> : ' Inswment. Borma�er .hall pay the pmmiums reyuin�d to maimuin th�mottgag� insunsncY in rffr��t. !f. fi�t :u�y rr�.um, the : .
<br /> � . : mangage iasurartoe co��erage r�quirc�i b�Lcnder tapse�or cra.c.tn hr in cff���t. Bnnut�cr sha11 pay the premium� required to ; . ,
<br /> ' obtain co�•erage substanti:illy rqu.iti�alent t�.the murtga�e insurancc pnvi��u�l�•in eULtit,at a�v�.t�ubstantialk equiti-atem to thc 4 .
<br /> , " .
<br /> :�-_=,-=- --- cos�tn 8asrau�a!slss rn:� �• � ��n�'�i�s�l} in elt�yti, fn,m an altetn;:te nu►rtca:e insurcr appn�ti�ei1 b) Lcmter. Ii �� _.
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