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<br /> " The Funds shail be hcld in an institution w�hase deposits are insured by a fcde`r:. ��,cr.cy, tnstrumci�ta try, or entiiy �: - _�
<br /> �5 HrI�Y.[w�.Lte�.re•:.-'..�_-�
<br /> (including I.cndcr, if I,cndcr is<uch an institution)or in c�ny i'c�lcral Humc Lo:m Bank. I.cndcr sh�ill apply thc Ftntds tn h�y�hc �,
<br /> Escrow Items. Lcndcr may nut ch:�rgc�orr�wcr Por holding anJ apNlying thc Funds,unnually analyzing tl►c cscm�v 1GCOUnt,ur � ".:t •,
<br /> veriCying the�scrow[tems,u�ilcss I.cnder pays Borrowcr interest on thc Funds and applicabic law p�i•mitti I,ender to maltc such L.�,�___ :'1_n___`i,-
<br />- �� a cl�arge. Howcver, Lcndcr may requirc Borrowcr to pay a one-time chargc for an indcpendcnt �cal cstatc tRx ecponing scrvicc -�
<br /> used by Lendcr in cnnnxiian wiQi this lo�n, unless applicnble Inw provides otherwise. Unfess .in agreemeiit is mudc or __
<br /> • upplicable law rcquires iuterest t�i hc paid. Lender shull not bc required to pay Borro�ver nny interest or carnings on thc l�unds.
<br /> Dormwcr und Lendcr mny ngrcc i�i writing, however, thnt intcrest shall bc paid on thc Punds. Lcnder shnll give to Bocrowcr.
<br /> . without chargc, an nnnunl accounting oi thc F�m�ls. ,huwing crcdit+iu�Q d�l�i:, to Ut�• I'unclti and thc pu�p�sc for tivldch c^ch �
<br /> ' dchlt to thc Funds wns madc. 'fhc Furniti urc plcdgcd us uddition�d sccurity for nll sums hccurul by this Sccu�iry Instrurnc��t.
<br /> IF N►e F�unds{icld hy Lrnder exceed the t�mounts permitted to be held by npplicnble luw, I.ender shaU account to Burrawe�•
<br /> fut thc cxccsti 1�un.ls In nccord�mcc witlt thc rcquiremcnts of z�pplic�ihlc la�v. If thc miu�unt��f Ihc funds hcld by l.�ndcr ut any
<br /> • timc is ni�t�ufficicut tn pny�hc t:,cr��w Itrms wl►cn duc, l.cndcr rnay su notil'y f)urrowcr in writiny,ana.i��such:nse �c�rro�vcr
<br /> tihaU p.iy to I,cndcr thc iinwtent ucccsti:iry u► nmkc up Uu deficicsuy, Ilorro�vcr tih:dl ��mkc up �hc dciicicncy in nn morc�hun
<br /> • ' t�vclvc mnnthly paymcitts.m I.�n�lcr's solc dfscrctiun.
<br /> Upnn p:rymc�,t in IuU .�f nll tiums ticcurcd by thi, Sccurity Instrument, L.rncicr �hal1 prcnn,tly rcfund tu Uurmw�r tu�y �-_ _
<br /> I�unds hcicl hy I.cndcr. If, undcr purngraph 21, I.cndcr shull ucqidre or scll thc F'ruperty, L.cndcr,priur to die+icquisition ur salc
<br /> , ' c�f thc Praperry.shull iipply uny I'ut�d+ hcld by Lcnd�r��t thc lintc uf ucquisition ur s:dc ns i�crcdit ag�iinst thc sums�ccurcd by
<br /> • this Sccurity Instrumcnt.
<br /> 3.App1lcitdon of Puymcuts. Unlcsti npplic.sblc Inw providcs othcrwisc,aU p:ryments rcccivcd by Lcndcr undcr pnrugrnphs
<br /> I and 2 �hull bc u�yplicd; firyt, io uny prcp�rymcnt chargcs duc undcr thc Notc; sccond, to unwunts payiiblc undcr pacngr.iph 2;
<br /> third,to intcrest duc:Fiiurth, tn principul due;and last,to any latc chargcs cluc undcr thc Notc. --
<br />- .: ; 4.CltarFes; l.iens. Ilorrowcr shull pay aU tnxes,Uti5C5SI11CDIS, chugcs, fines and impositions uttributable to the Property
<br /> " which may anain prinrity ovcr this Seturity lnstrument, and Ir,aschold paymcn[s or ground rents, i(any. Bu�rowe� shall pay �— --
<br /> thesc nbligtitions in thc mnnncr provided in parugraph 2, c+r it'not p�id in that manncr, Barrowcr shall pay chcm on timc dircctly
<br /> � to Qic person owcd paymcnt. Borrower shall promptly furnish ro Lendcr all noticcs of amounts to be paid undcr this paragruph.
<br /> if Borrower miikcs thcse payments directly,Borrower shall promptly furnish to L.endcr rcccipts evidencing the payments. �r�',t_-
<br /> Borrowcr shall promptly discharge any lien which has priority nver this Sccurity Instrument unless Borr��ver:(u)ugrces in =_
<br /> writing to th�paymcnt of thc obligation secured by thc licn�n a manncr acceptablc to L.ender; (b)contests in good fnith thc lien r�::,,._-
<br /> by, or defends against cn(orccment of thc licn in, Iegal procceJings which in thc Lendcr's opinion operate to prevent the r�;�_'�
<br /> � ` enforeement of the lien:or(c)secures from the holder of the licn an agreement satisfactory to L,ender subordinating the lien to ��^r��._
<br /> ., this Sccurity Instrument. If L.cndcr dctcnnines that nny pan of thc Propeny is subject ta a licn which may attuin priority over _-
<br /> �� this Securiry Instrument. Lender may give Borrower a nocice identifyin� the lien. Borcower shall satisfy the lien or take ane or
<br /> morc of thc actions set forth abovc within 10 days of thc giving of noticc. ,��
<br /> ' S. Hazurd or Property Insurance. Borrowcr shall keep thc improvements no�v existing or hereafter ercctcd on the " • .
<br /> __.___.___ Propenv insured aeainst luss by ftre, haz•rrds includcd within thc term "extended cmer�ge" and any other hazards, including �k�-
<br /> , floods or flooding, for which Lender requires insurance. This insurance sh:tll be mamtaineti in tne amaunts and ior iiie periu�i� - ,
<br /> � that Lender requires.The insurancc rarrier providing the insurance shall be chosen by Borrower subject to L.ender's upproval � ��� ,
<br /> which shall not be unreasonably withheld. If Bormwcr fails to ma�intain coverage described abave. Lender may, at L.c:nder's ,•�'
<br /> „ option,obtain covcrage to pr<�tcct Lcndcr's rights in thc Pruperty in accordancc with paragraph 7. ;.
<br /> All insurance policies und renewals shall be acceptable to Lender 3nd shall include a standard mortgage clause. [.ender r'�;:;: `'�
<br /> shall hnvc the right to hold thc poli�ics and renewuls. If Lcnder rcquires, Borrower shall prc�mptly givc to Lender all reccipts of • ��
<br /> � paid premiums and renewal notices.In the event of loss, Borrower shull give prompt notice to the insurance carrier snd Lender.
<br /> L.cnder may makc proc�f of loss if noc madc promptly by Borrowcr. � '
<br /> Unless Lendcr and Borrower othenvisc agree m writing,insurance proceeds shall be applied to restoration or repair of the .'' �, .w;
<br /> Property damaged, if the restc�ration or repair is economically fe:ssible und Lender's+ecurity is not Ie�ticned.Tf the restoration or ,�,,
<br /> repair is not economically feasible ur LcnJer'ti securiry would be Iessened, thc insuranre proceeJs tihall be:�pplicd to the sums ;�
<br /> - secured by this Security Instrument.�whether or not then due. with any excess puid tu Barrower. If Borrower abundon� the �� �.•,'
<br /> Property, or docs nQt ans�vcr within 30 days a noticc from l.endc�that thc insurancr carricr has offcrcd to sctdc�claim, thcn • M
<br /> Lender may collect the insurance proceeJs. Lender muy utie ihe pmeceds to repair or restore the Pmpeity or tc� pay sums •• �ti ,.����.,
<br /> sccurcd by thiti Security[mtrument,whcthcr ur not then duc. Thc 30-Jay periud will hegin wl�en tlic noticc ts given. :.�.1. •'. ��;•�,.
<br /> � " Unlcss Lender and Borrowcr othcrwitic agree in writing, any application of prarceds to principal shall not cxtend or •.,, � • �
<br /> postpone the duc dute of die munthly paymcnts rcferred[o in paragraphs 1 and ? ar changc the amount uf thc payments. 1f '��=" �
<br /> under paragraph 21 the Propeny is ucquired by Lr.nder, Borrower's right m any in�ur.uice paliricti and proceeds resulting fmm � ;.;;
<br /> , • dan�age to the Propeny prior to the acyuisition shall pass to Lender ti�the extent uf thc sum�ti�cured hy this Security Instrument
<br /> � ' ' � immecliatcly prior to thc acquisition. � '
<br /> 6.Occu puncy.Pr'eservudnn,Maintenance and Protection of the Properiy; Borra�ser's I.oi�n Applicutbn;I.easeholds. ( L°
<br /> ' Borrower shall occupy,estahlish, and usc the Property as Borro�ver's principal resiJenrc�+�ithin sixry days after t hc exccutinn c�f ''
<br /> ,, � this Security Instrument and shall ccmtinue t�i uccupy the Pruperty as Bcirrower'� prinripal resiJenee tbr ut Ieast one year after -
<br /> the date of occupancy, unless L.ender otherwi+e agrees in writing, which rc�nsent �hall nat he unrcasonably withhcld,i�r unless , "'�. ,,
<br /> - extenuating circurnstanees exist which are heyond B�irruwcr'� rontrcil. Burzower shall not detitroy. Jarnagc ur impair the i �
<br /> � Propeny, allow thc Property to dctcriorate, ��r coinmit wa,tc un thc Pr��pert��. Borrowrr tihull hc in Jefault if any tirrfciturc i
<br /> - • uction or procecdin�, whether civil ur criminal, i,betiun that in Lcndcr'x goud faith judgmrnt rauld rc�ult in furl'riwrr of thc �
<br /> • Property or othcrwise materially impair the lien rrcated by thi.Security Instrwnent��r l.ender', xcurity interest. $orrower may � ,
<br /> ' cure such a default and reinstate, as provided in paragraph l8,by cautiing thc:irtion��r prorerding tci be di,mi��rJ with u ruling ,
<br /> . that, in Lender's gcwd faith determination, precludes ti�rfeiture cif the Borrower's intenst in thc Pruperq� ur othcr matcrial
<br /> impairment of thc lien crcateJ by this 5ecurity Instrunicnt ��r Lrndcr's �ccurity interest. Burrawrr +hall altiu he in drfault if ,
<br /> � Borrower,during the loan application pruccs�,gave roaterially faltir or inacruratc information or stat�mcnt,tu LrnJrr lur f'ail�J
<br /> to providc Lcnder with any matcrial inti�rmation) in cunncrtiun with thc luan cvidcnrcd hy thr Nntc, includin�. hut nat IimitcJ �
<br /> � , , to. representations concernm�Borrower's uccupuncy��f the Property ati a principul rrsidenre. If thi� Securiry Intifrunlent i�on:+ '.
<br /> Icasehald, Borrowcr shall �omply ;vith all thc provisianti uf thc Icasc. lf Borruwcr acyuires iec tiUc ta thc Pruprrty, thc �
<br /> le;�sehold and thc fcc title shall nc�t mcrge unless Lcndcr agrccs to the mcrgcr in writing. '
<br /> � 7. Protectton oF[.ender's�iights fn the Property.If Eiorrowcr fails to perfonn the covenantti and agrecmcnt�rantaincJ in �
<br /> �� this Security instrument, ur there is a Ic�al procecciing that may signiticandy aff'cct Lendc�-'� righta in thc F'rupeny (tiuch:i,a
<br /> proceeciing in bankruptcy,probate, ti�r condemnation ur Forfeiture or tu cnfi�rce laws ur re�uluti��ns1, then Lcndcr roay do and , ,
<br /> ---.�'--_- - --- __.. c.. ...G........... :.�»o.....���,...�.. nr..tnrt tha+ v:�lu��if thr Pronnrtv and Li•nder�� 1'IL�1[S IIl 1�1C Y�ltlxr(Y. �.CIIIiCI'�ti:ll'[IUIIti Illll\' '
<br /> _..:�- ---.�_-._..---��--- ��a� �.n ...u....... .......`�._..�_� ... r._.__. ...- ' • . . ._.
<br /> � � includc � in� an +ums ticcurcd b i licn whirh ha, riorit r ovcr this Sccurit In+trument. i carin� in ruurt. ��ayin� ,
<br /> • p'Y 6 Y • Y � P Y Y, �PP 6 t-
<br /> ' ruzsonablc attomrys' fcrs and cntcring��n thr Pmperty t��mukr repain. Althuugh Lrndcr may takc artion undcr thi,para�raph
<br /> 7,I.endcr d��cs not havc t���10>��.
<br /> Any um��unts disbur+rd by Lcndrr unJcr this puragraph 7 ,hall bcrumc additiunal �rht uf Hc�rro�tirr �rcurc�l hy tlii+ ,
<br /> . Sccurity Instrument. Unl�ss Borro«�er and L.cndrr agr�r a� olhrr tcnnx of'paymcnt, thc�c anu�untti �hall hcar interc�t frum thc
<br /> '' Jate of disburscment at thr Notc rute and �hall bc payablc, with intcrest, upun nc�rirr from lxnJcr t�� l3orniwcr rryurtiting
<br /> paymcnt.
<br /> . . S. M1tort{;n�4 Insurancc.If LcnJcr rcyuir��i m�mgagc insuranrc as a ronditiun uf makinE thc loan,ccurcd hy thiti Srruriq.
<br /> � ` Instrument. Bamc�wcr sh.dl p�ry thc pmmiums reyuired iu m�intain thc mcm�.3gc imur,�nrr in cffcrt. If. fin• any rca�on. thc
<br /> � mortgage inrur.�ncc ruvcragc rcquircd by Lender lap�r�or rcascs to be in rflcrt. Borruwrr +hall pay thr prcmium� rcyuired tu
<br /> ( „ ubtain caveraec substantially cyuivalcnl to thc nwrtgagc insuranrc prrviciu�ly in rffccL xt a rutit wb�tantially ryuivalrnt iu th�
<br /> � cost to Borrciwcr uf thc mortHagc in,urancc prcviously in cffrrt, fr�im an :dtrrnatc m��rtgagc in�urcr�ippmvc�l by LaiJrr. If
<br /> t �
<br /> ��„�,.�„i� Form 3028 9i9U
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