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<br /> � _ .-�--1.ir .... ___ - __�"K�FdHiOI��IA�`IISLli�.._�`_""en _ � . . � .. . .� .��_�... . �.�._ •
<br /> �� ` .< , � .. ` . . . ' '" , , ` . _'`.. ...- �, '���� ���� < - —_ _ .
<br />=� ' s ° � ,� '�'ft�gu�'s si�r3! be�d in a�i�t�tiasi,arlt�s2 dQgosits a�e i�{suaed 6g a fc,dQrat t�e�cy.�s�tt�.�:'�F cz�si�* � ,--
<br /> z,• � �::` l ttta Fitn�Es t,m�ay,.Y�e� ," ------ --
<br /> _� � � _,�«� ,f i�tstudi�a l.Qitt@��if Le���is�tsfs 2�dp52itts32011}Oi iII,31Sy,�Cd�Ta1�Io�L�u7S�1l�otd�.�.e1ldEt Sh311�;F Y • ____-
<br />:_��_,-. " F.scraw It�ms�.[�ender essa3r.not c�arge.Barroisr�t for Ftolding.at�d�Iyiug tha�u�IS.r.ntivali am4ynln,�11L,e�roiu at�mt.oz
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<br />� , ��Y�B���'�,!��-���ys��°��i�er�t o�r�u�ds t�ugpuc�bie!'aw pe��E�d�r ta ma1�s� � . , i —_
<br /> ;-Y� � ' a c�u �.�IuweSfer,Lentta rn3y re�e Boxru�rar cv pay a�ce-aisme e far�n uidependei�t r��atate ta�r�itin�ssavic�
<br /> T�� used Y�nder,in oanr�ian witb tlus to�n.unles9 a�glicabte taw pn�v�d�s ather�+ise..Uniess aa sg�me�.is � �� , _----- --
<br /> y�. � appl�lc�[aw reqni�es int�rest to 6e paid,Lender st�U�at be t�ai�xi to p�ap 8onawe��sY i�-tt�;�t oaFaratt�s aa 4�Fu�s. � ._�.—, _ �-_
<br /> - B a r r o w e r e u d t e n d e s m a a g r a g n e i a w ri t i r►g.g o��v e r.t F�t#i i t e n e st s h a ll�$pa�d an the�und�LQnder�a11 g�ve w B�rro�xer. .
<br /> > �: *�� � n vPithaist'�e.an ann�ral saoaunrire$of the Fu�s, �h�vvin,�csedias a��bits to tiie F�d.s�the p�n'pose f or a v h i c h� , - _- ---
<br /> ; '�•'.'' ' ' debit to'the Fut�s cr�.s�.,'l�e F¢kds a:e pied�e4 as�td�t�onal s�arixy far a]i s�ats secun$bY t�is�tY�t• ` _ _
<br />_• �+"``-::•`.7..=`= . if the Funds h�dd Dy t.e�.det euce�l t1�ama�nrs petmitt�d to tse hr.t��jr apptbsabie t�w.�.E�er shall uscovat to Borc�wer '"�` -
<br /> _ � ,�� ` �<,-i_�.,,i•� fo�the.ex�s Fsn�ds ia�:daace with'th�require��n3s of applicable faw: If t���mouni of thc F'attcRs h�Id by Lender a�aa�r pr � _ �
<br /> ' . tiu�e is timt snffisient cu p�y t�Esc�i�items�dua.Lc��y ss scotify.�er ip��rritir�g,s�n�,fn such c�se_�amawer . . �� �
<br /> ` � `� � shall�ay ta Le�der t�e am��i we�sa�y+w make up[he deficieecy.Bamavrer shall m3ke up the defic�e�cy in no aror�than - �.c 1�`�""'�z.�`
<br /> :� , . , - ,
<br /> �',�°,'�=� o tweive atonthlY Payments•at I�er's soie d'issreuon. F. �` ��:���
<br /> ., =�s°���.��. :•:���� Upoa�aymeat in full of all sums secur2d by tida Seauity Insanment.Lender shalt promptty ref�d co Barrcxwer any � __ _ -
<br /> -`='�' `°-� Fu�ds.hetd by L�uder.If,u�parag�a}1}21,t�adet s4a31 acquire or sell the Prop�tq,[�eadsr.Prmr ia tt�e a�quisition or.sals ..,�,._'
<br />-_ 'r;"`,"�'•"`� � of tha Ptaperty.shafl aPPtS►anY Fuads held 6y 3.endct at the tiute of aoquisitian or sale as a czedis a�insi tte atms se�ut�l dy�. •�_ ------_----
<br /> -: �t , n r �����
<br /> i�� �.`��' ,,,,.'r' ,s �S�urst�Ya�uw°ent, �--
<br /> ' r �.s s° 3.Aggdfcat�m ai Pa3�e�.Untess applirable faw�avides otherwise,alt paya�et►ta reQeived bp�.tader�nder parzg�zphs Qm � :-
<br /> ��f, � m� `� 1 and 2 shall be apptied:fusc,m anY P�Y���dne under the Notc:s�nd.ta a�aouIIts payabie 6ader para�apft 2: .� _ ,`
<br /> • t 6 i r d,c o i n t e r�c d u s:f o n rt b,t o p ri a c i p a!d u e:a II d I B S i.t o a a y r t a L e c b a�g e s d u e u s t d e r t h e N o t e. � d
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<br /> '4.C�;L�us.Borroaez shaU.pay all�s.asse�sments.cliar�s•fia�and i�sitions attsibntabte w the Fcaperty Y � ���° �
<br /> :.�. 54,1_� ��__ ` � � '
<br /> ;�;..�:r,;.,�..�,.,r�..:_ which may attuia priority ave�this Security Iamunaeai. and l�oid payiaents or gound r�LS..if aay.8umuwer shall paY ._:•��_
<br /> `''.` . . these obligatians m tlre ma�mer pmvided in paragtapb 2.ar if aot paid in tt�d�anner.Bo�ocrer shall pay thea�oa tius�ditectiy .
<br /> t::-� • - :,�.,,•�<
<br />_ - f u r u i s H to L e n d e r a ll•ao6ces of amonnts w be p a id under this gatagraph. _ ,� i
<br /> -. . . •�; . to the pe�san owe�t payme�.Sa�wer shaU Prom�tiY �.:-._:
<br /> ,. 1f�ormwer makes these Paycu�dir�lY.Bflmnives shall pmmgdy fiun�sh to Lender reoapts evedeacing the paymenLs. � • . �r_:Y:�:�•
<br /> t ' Borrower sLaU 1��Y���l►lien wlticb has priority over this Security L`isirumetu ani�ss Borruwer.(a)agees jn • � £--- -=
<br /> - -- -_°:� � - arritiq;to the payme�of tt�e obligation secured by tt�lian in a nuanaer acceptable to iander.(b)oontests in gaod farth the lien " '��`"
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<br />' �� t .. :• .------�-by,oz d�fends.agaiast.eaforcement_.af1�e.�i�,_�e�.P�!n&4._v�rhid�in the Leuder's o�inian opet�to greveat rhe __
<br /> - ��: . ..f.. > � � ' eafarcemeni of the lien;or(c)secur��vu�¢iie holder af the ueu an agceranent sstisfacfory.io Ieuder s�oi�nai�ng i�lu�tts___..._.- .. �,.�
<br /> , . � `� ` thqs Se�ity Instrumen�I€E�ss�r�eEeici�ttiat any�art of tLe Pmperty�s sub,{ess.to a Icen which may attain prio:ity over ��.-°�
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<br /> ���"i< •'•- ' � •��ty�t,L,���gice�6arrower a a4tice identifying tl�e tie�:�wer shall satisfj+the lien�ot take oae or -
<br /> � h ` `�`s� , moie of the actinns set fonh�e's�hia�4R days of ttse�ving of nvtint: �-:. . -
<br /> � `- �.._.,.,..e...,�.�;�.; - 5. Hazat+�t or_Pe�peztj!'�'. fl ke�►Uae i�smv � noa' � � -
<br /> -.. ,. '� .i :' . . R�. . ' ..
<br /> , ' -':f•.: _: r - • loss b fire, tiaTards.inc]ded���+ithin-the term'eiite�[deA�average"�and any-oth���harards:-inct¢�r� -
<br /> �OPe�I+"1��t Y in ths ameiunts and for the periods �
<br /> • ��!!s or.�aoding.forwhic6 Lender requires i�cn��.�is insuranoe shall be maintafned , . ,.
<br /> _ � �4�a:f.�nder reqnaes.'It[e insur�ace carrier prnviding tt�e insurance shall be chosen by Borrower sabject W l�nder's approva! • .
<br /> � '. wtudi shall not be imreasonably withhetd. If Bomower fails to main ain�pverage desstibed ailove, I.ender may,at Lender's '�
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<br />;,�'. .`'1��... opiion,obtain�vp.rage to protect L.eader's rights in tfie Pmrperty in acxvrdance with paragraph 7. ' , s
<br /> dan
<br /> �;: -:;;!#'� All i����polieies and renewals�al!be a�rcePtabie to Lendfa and shall include a stand3rd mortga,ge clause. Leddes ' _ �•;�ji
<br /> � ti:�';� .�, shaU have the right to hold the policies��ae�vals.If I.ender ceq�tire�,.Borrower shali P��Y Pve to Lender all ieceiFts of � . '�* ;. :
<br /> : �? �ir� : paid Qrerui�s aad iene�wa}eotices.In the event of loss,Borrower shalf��ve prompt notice to thc Ensurance carrier and Lendet. • �'f� r •
<br /> 1 �!f
<br /> . '�`"M�'.�'- ''� I.Q�er may mak+e proof of�if atut made promptlY by�oTrower. r ..
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<br /> .�"�:,:Y'„� � :.r,�: Qnless Lender and Bor�:r othervrise agreE in wresing.insuraac�e prar.e�s.f�d be apptied to restara6aa or repair of[he
<br /> �r �
<br /> .. ,,;,�;� proPe�ty daIIiaged.if tiie restaration or t�,sair is economirally feas�bte�d I�s secarity is not lessene�f.[�t�ue restoration ar ;.^,: .f •:;.;
<br /> �.,r. -•:;� s��..•
<br /> repair is not eronomically feasible or I�e�'s security wauld be 1�..°d,the iIISUrance proceeds shall be a�iie�to the sums ;���,;i�:•��
<br /> • secvred by this Secuiiry Iasuument. whet�r or not then due, witls,�ny ezcess paid to Borrower.If Borrower abandons the ; , ,;'e �
<br /> ecu i
<br /> . P�roperty,or does not answer aithin 30 days a rtatice frQ.m Lender that the ins�uance carrier l�as offered to seute a claim, ti�en _ t�:;�.,..
<br /> ' ' :` ' �• :"�cler may collett the ins�uance prooe�ds. l.ender��use the prnceeds to mQair ar restore the Property or to pay sums . �; . ..�
<br /> ' •.. ''-;;; . ' '�$cur�d by tdvs Seauity Ia�Oivment.whether or not then dne.'fhe 30�day penod vn1's�gin when the rto�ce�s gi��s. , ,,���'i'•
<br /> - •.�:t� • � . Uate��:[.�mder aud Borrowor otherwise agree in writing. any application of proceeds to principal shal�..ttut extend.ar `''�:, ;�..
<br />- "' _I!:' postpone th�:�ila:e date of the monthly p�cv.e�rts referred to in patagrr,�phS 1 and 2 or change the arnoum of the pay�nts.�f • . � ;.r,,,�, ;:.
<br /> �;' ;..t ii! �n P 88 .
<br />_ _ �'.•c;,: under parag�aph 21 �he Froperty is - "�•�y I.ender. Borrower's right to any insurance policie�and proceeds resulting fn�at:s � -'fti:
<br /> ' ,; secdtal by tbis Securiry Iastnunent -� �,��°
<br /> ,�t;��'',� :: `•� damage to the ProPenY Pnar ta the acquisition shall pass to Lender to the extent of t1�e sums ; :�,�;.r �j�..
<br /> . � :^ �%�,��,:,•';.'.�`�`;;' uiunediatefy paorto the aec#,uf;:.i6on. • � :�1e,;; �r<i
<br /> � �;�,:�' ,:�,:..;,.,,;....,,. a�' ;, , ol�f
<br /> .,��� .,. . 6. +Ptesesvu�n,.Mat�tena�ce and Pmtection of We Property:Bormwer's Loan ApplIcntion;Leascholds. ••�,3`f��'���;
<br /> .;;, �w::.,,,�:s_,,:,�. �p�9 ,
<br /> :.,:.��>r,x;..,.:i;,°s�''it• Borroaer shall occt�py.estabiisb,aad usi��ihe Properiy a�Bormwer's rinci residence within slx days aher the execution of f,' fi�t':'
<br /> P F� tY x.,.�'(,��,;;�:.: =
<br /> ' �'�''''�°�' ' �' :r��'`�� this Set�uity Inst�ument and sha[f coritiinu:to accupy the Praperty as Borrower's principal residence for at least one year afier. �. �s•�.•.
<br />_ , ,;1, • , . ..��:�tb��;i�i�,.�_,
<br />_ . -,''� the d�e af accupatu:y,unless Leader otfieiwise agre�s in wnting.which consent shall not 6e unreasonably withheld,or uniess � , .� ,� ,a;
<br /> ?':v�-s • , emenusting circumstances exist whiefi are beyond Borrawer's oontrol. Borrower sfiall not destroy, da�nage or impair the : ?�f;;,;'.'
<br /> " ' . � Property. allow the Pmperty to dderiorate, or oamtnit��raste on the Property. Boaower shall be in defaWt if any forfeiture ' _
<br /> , `��'� , � • � �� ` ,�r�ion or pracee.ding.whether civi!or crimin�l,u be3uri that in Lender's good faith jud�nent oould re.wlc in forfe�ture of the . . •��� .
<br /> :.';r...;�, Property or otherwise materially impair th�lien cceated by this Secstrity Instcumeat or Lender's se�uri►ty inierest. Borrower fiay " ._
<br /> . � se ur
<br /> �•`; �� '�;.;�;��'�� cnre such a d�:ult attd ceinstate.as provid;r�l in paragrapb 18.by c:�ing the action or proceedirr,�ito 6o dismissed with a n�lin� 'f?�:�, . .
<br /> a
<br /> '`�' ,., ,Y<!,�f�., that. in Lende:'s gaad faith determinatfnn, precludes pforfeiture r�f't9�e Boaower s interest in,�h�Pmperty or other mzuiti't�l �:s'�t����f: :
<br /> . ��:..�``: .'��:`'�'' � impainn�t of the lien e�eatedby this Security Insmtment or L.e��er's security interesi. Barcu�.wer shall�atso be in defan:lt if . _ _"!1��,��•
<br /> ,� �, ` � ,
<br /> • '���'l..';:,;� ;, �� '•� Bormwer.durin$the laan u�ficauon pra�ess.gave materialty false or inaavrate informatIon or statemients to Lender(or faited
<br /> ;.�_...:.. ;: ..
<br /> `; ��r��;t> to rovide IBnder with any material infomiati�n)in aonnection with the toan evidenced by the Note. including,but not limited ;.�:,
<br /> . . ,�,,;;,.., �. , ��•
<br /> t���.;.. . p :+• . : '
<br /> ,�x''`'•��`�`�� ''�'`�k���i - to.r resenfasions oonceming Bonower s occu an of the Property as a princi al residence. If this Se�vrity Instrument is on a . ;;,:;��,:�
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<br /> :..�., .. ` �i���P1Hi�?r leasehotd, Bara�ower shall oomply wiW a11 the provisions of the�l�. If Borrower acquires fr�.tide to the Property. the , '�;��;5`,;}.>
<br /> - :•'•%•`.i°,.'"`�, t�ite fee dde shall not m grees.tu tne�ri° er in writin . , , . :(,�'�.:�, .
<br /> � leasefroId evd' erge anless l.ender.a r�..rg g �- �
<br /> , ,F�;.�
<br /> -�. �. '7.PrMe�tan of Ixade�s Iii�hb in tt�e Property,If&Srrrytiv�r fails to perform the rnvenants arid agr�em:ata contained in . ;•��,�e: .
<br /> � ' this S�vrity Inswment.or there is a legal pTnoeedin�.11��a}r'sij8rrificandy affect L.ender's rights in the Prop�erty (such as a , • . • .
<br /> : ' ' ' ' pmoeeding ia banlwptcy,pro6ate.for ooademnation.4�forfeiture or to enforce laws or regulations).then Lett�r may do and •• •
<br /> "�;; •� �ay for�vhatever is tsecessary to protect the value oP the Propeny and Lender's rigtiu in the Property. Lender's astions may .
<br /> ;� , -;"'`` �nclude paying any suais secured 6y a lien which has prionry over this Senuity Insuument. appeazing in court, pstying
<br /> ' reasonable attorneys'feES and tmtering on th�Property to make reQairs.Although l.ender may take actio�undcr this pdragraph . :
<br /> � 7.Lender does not have to do so. '
<br /> "�,'•, ,� � q�r amowffs disbursed by l.ender undes this patagra�ti 7 shall becoine additional debt�ot Borrow�r�secured by this �
<br /> ;';•;�. ' � 5ecurity[nsuument. Unfess Sarrower and Lender agree to other terms of payment.these amounts s1�a11 6ear interest from the
<br /> - • . - date of disbuts�tat at the Note rate and s6ali b�payable, with interest,upon notice From Lender td Bnrrower requesting . ,
<br /> • � -�:.:.,..: . , a . . , .
<br /> . . ,.,'" : 5: .F Y�8 Mor�Be Lssmauoe.If Lender nequired mortgage inSUrance as a wndition of making th�loan sewr�by this Security . • ..
<br /> . • Imsuument�Borrower shall pay the premiums required to mamtain the mortgage insurnnoe in eftect. If, for any reasoa,the ,
<br /> ' ' ., � �. mnrt�dnsurance coverage required by l.ender lapses or oeases to be in effect.Borro�ver shall pay the premiums�uired tn „ ,
<br /> • a6tpin covetage substantially equivalent to the martgage iasucaace Pre�+iousty in effect.at a cost substantially equivalem tu the
<br />_ �'.� :,���: •• • cost w Borrower of the nwrtgage insurance previousJy m effect. from an aitemate mortgage insurer appro�+ed by lxnder. lf • • •
<br /> _---�._ � -- --.-•�:- ..
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