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<br /> 'Che nun�fy hh:itl l�c fic1A (n nn in�.tiuitinn wlm�c d��x►slty nrc insurcQ by a fod ral ugency, i�stru►�xnt�lby, u+''Cnt(ty
<br /> (irK:luding L,en�ler,if I,cixler iy r�uch wi in�titutlunl�r hti�my {'edci�al Hoi►x I.uan Bsu�k. �nder sl�a{I u��ply tlie l�uud.5 to��.ey tlte
<br /> f?x�:mw[tcm9. Lender nwy�xot chs�tQe�rrower fi►r Nulding a��d applying thc Punds,unnunl(y snulyr.ing the�;.�t'ow uccount,ur
<br /> verifyln�the F.scrow Itemx,antel�a L.ender psy�&frrower interest�n the Funds and opplicable law pejmlte I.�nder t�m�ke wch
<br /> u chargc. tiowevcr. l.endrr n�y rcv{uirc 8c►aawer tu pay a ork•time chArge i'or sin indeperxknt real estate tax reparting servle�
<br /> u�od by Lender in c�ni�octiun wlth thi� lu�n. unlesR s�pplic�ble Iww provideq Atherwfsa Untess an agmmrat iR nwdn or
<br /> epplicable Iaw rcquires Interest to be patd. Lender hlu�ll not be required to pay Bocrower any intecest nr aur�tinge on the Funds.
<br /> &�►►�owe;-wxl Lc:�ul�e u�y u�r�:.it�weltin&.ho�lcvcr,that intern'•4fiH11 be paid on the Funds. l.ender shalt givo ta B�rrower,
<br /> �v;tt�out charge. an unnaAi u�:counting af the Fun�ie.ehpwing creditx an�l de6itK to the Fundw and the purpose fur which each
<br /> debit to ttte Funds wav mado. The Funds ure pledged a9 udditiatutl security far ul!sums secuca!by this Security Instrument.
<br /> [f the Funde held by Lr»der excad tho amau�rte permitted to bo held by oppltcable law.Lencier�hall uccount to Borrower
<br /> far the eactss Funde fn accardance with tharcquiremente of applicubio Inw.If the amaurtt of the Fund.g hcla by Le�ter at uny
<br /> time is�iot sufticiont to poy the�scrow Itams when duo. l.ender may sa notify Borrower ln writ�ng.and.in such cuse Borrawer
<br /> � shall pxy ta I.ender the amount nere.csary to mnice up the deftciency. Borrower shnU make up the deficiency in Ra more than
<br /> twelve monthly paymonta.nt I.ender's sole discmdon. ---
<br /> Upan paymcnt in fnll of utl sums secutrd by this Secudry Insuument, [.ender shull promptly reftmd to 8c�rrower any
<br /> �unds held by Lender.IP.undcr pnrngraph 21. Lender shull ncqufre or sell the Prnperty,[.ender.pdor to the acguisttion or sale
<br /> of the PropeRy.shttll apply any Funds hetd'by Lcnder ut tho time of acquisiNon or sale ag a credit aguinst the sums secured by
<br /> this Security ltvctrwnent.
<br /> 3.Applk�Non at Fayments.Unlas appiicublc luw provides athenviss,atl Qayments received by Lertder under parngmphs
<br /> 1 uad 2 shull be npplied: first,to any prepaytnent charges due under the Note: second.to amounu payable under paregraph 2:
<br /> third.to intemst due:fourth.to principal due:and last,to any tate chargeg due under the Note.
<br /> 4. 6i�arges;Lir►LV. &�rrawer shell pay all taxcs. �ss�smenis.ch�sSes•�nes nnd lmpositions attributable to the Property _.
<br /> which may attain prior�ty over this Securiry Insnument.and Ieasekold payments or�round mnts. if any. Borroa+er shall pay
<br /> these abligutions in the manner provtded in paragraph 2.or if not paid in that manner. 8orrower sh�ll puy them on time dir�ecdy
<br /> to the penon owai payment. Aorrawer shall pmmptly fumish w Lender all notices of amounts to be paid under this paragraph.
<br /> If Bon+nwer mnk�s these payments direcdy.Borrower shall promptly fumish to I.ender receiptc evldencing the paymenu.
<br /> Barmwer shall prnmptly discharge ony lien whfich hac pnor�ty over this Secudty Instn►ment unless Barrower. (a)agrees in
<br /> wrIting to the payment of�tte obligation secured by the lien in u manner acceptc�ble to Lender;(b)rnntests in�ood faith the Iten
<br /> by.or dcfends against enfonement of the lien m. le�al proceedings which in the Lender's opinion opemte to prevent the
<br /> enforcement af the lien;ar(c)secures from the holder of the lien un agceement satIsfsectary ta Lender subordinatin�the tien to
<br /> this Security Tn.�crument. If Lender determines thut uny part af the Praperty is subject to u lien which may attain prlority over
<br /> this Secur�ty Instrument, Lendcr may give Borrower u�otice identifying the I�en.Borrowcr shull satisfy the lien or take one or
<br /> morr of the actions set forth abc►ve withln 10 duys of the gtving uf natice.
<br /> g. Hazard or pmpeKy Insurance, Borrower tihall keep the improvements now exlsting or herc�fter erected on the _
<br /> property imsu�eci oguinsc loss by iire. ha�ar�is i�:.lu�c� wtshit:the sersn 'exten�!�coverage" and any other hazards. includin� _
<br /> tloods or tloading,for which Lender requires insurance.This insurnnce shull be maintained in the amounss and for the pariods
<br /> thut Lender requires.The insurance camer providing the jnsurnnce shall be chosen by Borrower subject to Lender's upprovnl
<br /> which shall not be unre.zsonably withheld. If Borrow�r fuils to maintain coverage descril�ed nbove. Lender may. at Lender's
<br /> option, obtain covernge tu protect Lender's rights in the Properry in accordance with parsgraph 7. _
<br /> Ail insurance policies und renewals shall be acceptuble tu L.ender und shall include a stcindard mortgage clause. Lender �
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<br /> shall 6a�•e tha right to hold the poticies and renewals.If Lender requirea.Bomower shall promptly give to Lender sill receipts af
<br /> paid pe+emiums and renawal notices.In the event of loss,Barrower shatl give prompt notice to the insurance carrier und Lender.
<br /> Lender may meke ptoof of loss if not made promptly by Borrower.
<br /> Unless Lender and Borrower uthenvise agree in wnung,insurance proceeds shall be applied to restoratian or repair of the
<br /> propecty damaged.if the restoration or r+e�air is economicaUy feasfble and L.ender x security is not lessened.lf the restoration or
<br /> r�ep�r is not economicnlly fcasible or Lendor's secudty wauld be lessened,the insurance praceeiis shall be applied to the sums
<br /> se��ured by this Securiry Instrument, wh�tther or not ehen due, witli any excess paid to Borrower. If T'urrower abandons the �
<br /> property,or does not answer within 30 duys u notice from Lender that the insursnce carrier has offereu 4o settle a claim, then �
<br /> L.ender may collect the insurance proceeds. I.ender may use the proceeds to repair or restore the Property or to pay sums F„`
<br /> secured by this 5ecurity Instmment.whether or not then due.The 30-day pedod�vill begin when the notice i�given. r,_�:
<br /> Unless L.ender And Horrower othenvise a�ree in writtn�. any applicatian of proceeds to principal shull not extend or
<br /> postpone the due date of the monthly�utyments referred to in para�mphs I and 2 or chunge the amount of the paymcnts. If �':_�:-
<br /> under paragraph 21 the?roperty is acquired by Lender.Bonower's right to:sny insurance polictes snd proceeds rcsutting from ;,_-
<br /> darnuge to the Property prior to the acqu�sition shall pass to Lender to the extent of the sums secured by this Security Instrument ���,
<br /> -- immediately pdor to the aaquisition. '
<br /> 6. Occupancy,Preservntlon,Maintenance attd Protection of the Peoperty;Borrower's Loan Appltcation; I.ea.tieholdg. ��*;
<br /> Burrower shall occupy,eseablish,und use tl�e Property ns Borrower's principal restdence wiehin sixty days after the execution of _
<br /> this Security Instrument end shall rnntinue to occupy the Propeny:ss Barrower's principal residencc for at least one yeur uftcr
<br /> the date of occupancy,unless L.ender otherwise agrees in writing, �vhich cansent shaU not be unm,asonably withhcld,or unless
<br /> extenuating circmnstances exist which am beyond Borruwer's rnntrol. Borrower sh:ill not destroy, dumage or im�air thc
<br /> Property. allow the Propetry to detedorate, or commit waste on the Property. Borrower shnii be in defuuit�f any farteiturc .
<br />__ action or proceeding. wt�etfiier civil or criminal, is be�un thut in LeRder's goa!faith judgment could r�uh in forfetture of the ;,
<br /> Property or otherwise materinlly impair the Ilen creace�d by this 5ecurity Instrument or Lender's securiry imerest. Borrower may .
<br /> - cure such n default and minstate.as provided in para��raph l8,by caus�ng the action or proceedin�to be dismissed with a ruling __
<br /> thut. in [.ender's good faith determination. prec(udes&irfeiture of the Borrower's interest in the Propeny or athcr material '�,_
<br /> impairment of the tien cresited by this Security Instrument or t.euder's security intemst. Horrower shall also be in default if
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<br /> Borrower,dur3n�the loan application process,guve materinlly false or inaccurate information or statementa to Lender(or failed
<br />-- to provide Lender with any materiul infomintion)in cvnnection with the loan evidenczd by the Note.inciud'nng,but not limited
<br /> to,representations mnrern9ng Borcower's occupuncy of thc Pro�►erty as a principr.f residen�e. If this Security Insuument is nn u
<br /> leasehold. �orrower shall mmply with all the provisions of the Icasc. If •�omawer acquires fee title tw the Property, the
<br /> — leusehold ac�d the fee title shall not mer�e unk�ss Lender agrees to the merger in writing.
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