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<br /> �.,- , ��.. ' 'Fiie Fur.ds shall he heid in a�i inuitutton vr�tose depasits ar� insured by a fede�al ��nn�r;�in uu:n�n �Qk.�tltY ' ��,_,:: _
<br /> � . . r ..��__.__ _.
<br /> �,�� t:'�. ����•�c5', (indading Lertder.if i,�ender is suc5 an'Imstitution}or,in any�ederal t�ome�.oan Bantt.Lcnsier shall apply[he F to DaY tf� .. ���... �__ _--
<br /> , Fscroiv Items.Leader may,nnt charge Sorro�vet for 6oYding a�d uppt�ing th�Fuads.annually anaiyring tti�escrow�cca►�nt,or � � �
<br /> - :�:`.. '. - �-erifying tRe�ssrow Items.unless�er�ays 8orro�ver,inttsesi on the Fuads and agpiica6te tnw permit4 L�endet ta ttt�auc�s ��_ --
<br /> �.�:. ��• a chaage.H�v�ver.I.�nder m�y requi�Bonower to pay a or3e-tims cha�e for an iad$pcndent real estaLe eax�reportang setvice ____—
<br /> `.�:� . �� • use� tsy Leadsr in wnnECiion with this toan. wiless ap�licable !aw pravides othennrise. Unleis an agm�emettt cs mad�or --- _ - --
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<br /> ,;�?..' � � < appticable taw requires intecest to bc paid.Lender shall not be requued to g�y Borrow�r any interest or�unings on the Funds: . � -
<br /> •�; . ' Eortower aad I.�nder may��in wriring.hac�ever,thaz intemst sha11 be pa�d on the Funds. Lkrtdet shalI give to Bnrmwer. ----=Y
<br />. . . . . �vitliaut cnarge,an anaual accaumin�of t�e Funtts.shawing ca�rdits.and de6i�s tu tIte FuAds and ti►e purpose far e�rtsic8 eas'8 . , ' _-__---
<br /> • ta
<br /> � °<� ., debit to th.�Ftmds vras[nade.l4�Fuads aze pledged as addidunnl security for all suins secured by this Secait�ty Instr[iment. ,
<br /> , : , � � If th�Fiu�ds heId by�.ender¢xcad ths amo�nts per�in.iued to be fietd by.applirdfiIe taw.Leader shali acoaunt to Borrawer. ---=_—
<br /> -- - for dte eac�s�s in accat+daace rrit�shs requiremertts of a_}pplicable law. If the amnuat of We Fuads held by'Le�dzr s�t aaq _
<br />�. •` .° . '. .' tirne is aot sufficieat to p�y tl�e Fscmw Ite�when due.Lender may so natify Bnrmwer in amting,.and.in sucii case�orrowet — ---
<br /> • � • •
<br /> � � . , shaU pay to I.ender the asnount aeoess�y co make up the de'a�cie�cy. Basower s�all make up the d:ficiency in:ns tnore ti�i
<br /> . • ` .. ' twelve�nonthlY PaY�nu.at l.t�der's sole discretion. - ' .
<br /> '' � • ' . UPoT�PaF[�tent in fiil!of alI sIIm�ses�d by this SeCUrity Incrmms�. [.ender shatl promptly rtfuaQ to Bormwer� '_'
<br /> . y'.:.,�_�: � � Funds held by Lender.If,under para�ea�h 21:Lendev shall aoquire or sell the Property.I�sider.prior tn the acquIsition or sale
<br /> • . • of the Prog�esty,shall appiy aay Funds hetd�y Leacder at tbe tlme of acquisition or sale as a credit a�inst t1�e sums seau�d by .
<br />_,, ; ,. ' � . this Secarity Insarument. • -
<br /> . .` 3.Agpl[�oa of PeymeNs.iJnless applicable(aw pmvides otherwise,att payments received 6y Le�der Qnder g�magraghs .
<br /> ,.. � ' 1 and 2 shn116e applied:fiist.€o anY P�Y�t c�rges due under We Not�seeond,to aazwnta pa�le uIIder para8ra4h 2+
<br /> ' , • . ' third,to i�eriest due;fourtd�.to prinripal due;and last,to any fate c6arges du��er the Note. ,
<br /> ,.:'`� �, • " • 4 C�arges;Id�s.Borrower shall pay all ra�es.�ssessmeats,charges.ftnes and imposttiuns at�'6uta62e to sh�P�y
<br /> .� t � �. � which roay attaqs prtority over tbis Secunty Inssrument, and teaseho2d payments or gmuad rents,if acry. Bnrcowes shall pay�. , ' •. �„_J
<br /> . °. . - these obligarions in the manner provided in pazagraph 2.or if not paid In shat manues.8c�rcower shall pay them on timedim�tly. •. ��_=_
<br /> � . ' ° .to the person owed payme�f.Bomower sha�l promgtZy fnmish w L.ender aIl sntic�a��unts m he.paid und�r li�Is paragrph. .
<br /> =•�_
<br /> :,.�.� ' '' If Borrower makes thzse payments di�ctly. Borrawer shal l promptty fiunish cfl�xnder r�eipu evideucing the�ayment4.
<br /> ,� . inctniment UIlIPS9 Bi1IIOW�:{A)8 LII
<br /> Bori•ower shall promptly dissharge any Geu w6ic�h has priority over shis Saeariry �
<br /> , '""' writing to the payment of the obhgadoa secared try the lien in a manrcer aceeptable to Lemde�;(b)contests in good faith tbe 1�ea `
<br /> ' .: � :' tsy. ar defends�gainst enforcemem of the lien in, legal praceedings whis6 in the LencL.-r's opinion ogerate to prevent ti�
<br /> ' ti � :` � enforcement of the lien:or(c)secvres fmm the kotder of the lien aa agr+eement�satisfactoas to Leader sutso��afing dhe iien w .
<br /> . , . this Security Instra�m. If I.ender detemnn�diat any part of the Property is subjax to a�en�r6ich m.ay attain paority oves --
<br /> � � ' : this Security tn�„R�-E�ixnder maj+give Borrower a noUCe ideatifyfng the lien.Bamnw-ez sha11 satlsfY the lieu or taa9se one or
<br /> _ • • r�ore of the acaans s�for�►above svithin 10 days oF the giving of wtice. � • � •
<br /> . . � 5. Ht�arA or II'toperty I�snranoe. Borrower shall keep the impruvements now existing or her�after et�ted on the �
<br /> ,r . . " . p�p�r insarea against loss by fiae. hazards included within the term "extended cover��"and any other 6azard.s. i�lading - _ -- -
<br /> � tlflods or flooding,for which Lea��r requizes ins�uaace.This insnrance shall be maintained in the amoants and for ttne periods
<br /> ' " that Lender requires.'d��i.�suam�e rarrier providing the insuraace shal!�e chasen by Borrower subject to I.ender's approval
<br /> � • �� . . � . � wlricb shail not be una�sonably withheld. !f 8orrower fails to maintain coverage describe�abave,L�.der may. at Lendee's _
<br /> ; ' • • �, aption.obiain coverage co protect Lendei s righu in the Property in aecordaace with paragraph 7. ��g����.��ei • - �
<br /> •. , ' �• All insurance palicies and renewals shaU be acceptable to Lender au�ehall include a standard imr _
<br /> � ., . �•�-� sttall h3ve the right to hold the policies and reaewats.IIf l.ender requires.Eorrower shall promptty give trr S,,ender ali reoeipts of ' �;�;:
<br /> � � • � • "`z��n'` paid preminms aad renewal notices.In the event of loss.Borru���shall g,ive prompt notice to the u�su+��er and Leader.
<br /> • ' �;�"' Lender may matce pmaf of loss if not made pm�tly by Bomeucs. ., • �`r'
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<br /> � Untess Lensler and Borcower otheraise agee�n cvriting.iasurance praeeeds shail be applied to�inratian or eepair of the :�,...:.
<br /> ; ' � Pooperty damaged.if the restoration or repair is economic�illy feasi6le and Lender's secarity is not lessened.If the restoration or �'°.
<br /> � • • . �.. repair e.c nat economically feasible or Lender's security would be lessened.t�x insurance proceeds sha11 be appiied io the sums
<br /> : •• � . ' secured by this Security Instrument. whether or not then due, with any excrss paid W Borrower. I f Borrower abandons the
<br /> . ' � ` Property. or does not ans�er within 30 days a notice from�Lender that the insuiacioe carrier has offered to seule a ctaim.then �
<br /> _ Lemder may coltect the insurance procea�s.Lender may use the proceeds to repais or restore the Property or to pay sums �_-
<br /> m -- `
<br /> • . �� • secured by this Security Instrument,whether or not then due.The 30-day period will begin when the nodce�s given. =
<br /> . . Unless Lender and Borrower otherwise agree in writing, any application of proceeds to princip2t sha11 not extend or � ��� `'�y.�
<br /> ••�.,� ' ,� the d�ce daze of the mo�nthl a anents referred to in aragcaphs 1 and 2 or change the amo�cf dte payments, If ��-=—
<br /> . ne P Y P �`�-
<br /> � ,�: ,,,. ; _, . u�adr�rr:aragraph 21 the Prope�ty is aequired by l.ender.�orrower's right to any insurance policies and proceeds resuldng froin _��
<br /> • ;1.;�f, daa�u�to the Property prior to the acquisition shall pass to Leader to the eatent of the sums secured by tlus Security Instntme�t ;:;.,����_
<br /> • �i'�•.•' . : imme�:�iely prios ro the acquisition. . °"�'`�'��
<br /> �* .: . 6.Uecupancy,Prescrvadoa.Maintemunce�asid Protectlon of the Prol�ert3+.Borrower's I.�an AppfIcatEon;Leaseholds. ,,f;urre�.=;.i,—_
<br /> �" ' '� " � � • Sorrower shall oocupy,establish.and use.the Property as Borrower's principal residence within sixty days after the execution af , � �� �_s
<br /> °: ` � � � � this Secarity Instrument and shall continue to accupy the Praperty as Bormwer s principal residenoe for at least one year after ���,�!�`
<br /> ��' � ' � ' . . � , � the date af accupancy,unless I.ertder atherwise agrees in writing,which consent shall noi be unreasonably withhetd,or unless ��`.... � �i.
<br /> :._�. � '
<br />��:y :;..4.:. ,� .' eatenuating circumstances eaist which are beyond Borrower's control. Borrower shalt not destroy. damage or impair the :��5;,=��'�..� ;'�
<br /> �•'�;�, ,
<br /> _, . ,,1 propeny. alto�v the Property ta d�teriorate.or commit �vaste on the Property. Borrawer.shall be in default if any fodeimre ;«t 1�.;'� . , -
<br />_`�_ ± '� • , . action or proceeding.whether crvil or criminal.is begun that in Lender's good faith iudgment could result in forfeiture of the ' • . , _.
<br /> • Property or atherwlse materially impair the lien creatad by this Security lnstrument or Lender's security eatterest.Boaower may . �_ ,�:;
<br /> � ' � . cure such a default and reinstate.av provided in paragraph 18,by causinn the action or proceeding to be dismissed with a rnling • R=
<br /> ''•'����•• that, in Lender s aod faith detemunatian. recludes forfeiture of the Borrower s interest in the Property or other material •
<br /> � ' r�:;.•. . B P . ,,
<br /> ; �. ::�,�=�i.; � impairment of the lien created by this 5ecuriry Instrument or Lender s secutity interest. Borrower shali also be in default if •
<br /> '"''"�`-"',;�;'` Borro�►er.dudng the loan application process,guve materially false or inaccurate information or statements to Lendet(or failed ;
<br /> � �.� � .,.,..,
<br /> , ,:.,, .
<br /> ,, r , to provide Lender�vith a�ry material infomnarion)in connection with the loan evidenced by the Note.iricluding,but not limited
<br /> :� �� :�.�,�'�`���' to.representations cvaceming eonower's occupancy of the Praperty as a principal residence.if this Securiry Inswment is on a •
<br /> . �•:•'►,� •. � � •
<br /> _ • '�=r�. ��,�: leasehold. Borrower shall oompfy witG all the pmvisions of the le3se. If Borro�ver acyuires fee title to the Property. the ,
<br /> � ' '�'�''""'''� � �� teasehold and thc fee tittc shall not merge unless Lender agrees to the merger in wridng. • •
<br />_ . . . ..,,r� ,,
<br />-. ., � '� 7.PlrotettFan oQ Leader's Righis in Rhe Frmperty.If Bnrrower fails ta perform the covenants and agrcements contained in -
<br />- ° i � ' this Security lnstnurcent,or there is a tegal proceeding that may signiHcantly affect Lender's rights in the i�roperty(suth as a • •
<br /> - � . praceeding in bankruptcy.probate,for condemnation or forfeiture or to enforce la�vs ot regutations).then Lender may do and -
<br />_� �..� � . Qay far�rhatever is naoessary to protect t}ie value of the Property und I.ender s rights in the Propetty. Lender s actions may •
<br /> ; inclade paying any suros sen�red by a lien which has prionty over this Secnriry instrument, appearing in court, paying
<br />�T r�sonab2e attomeys fees and entering on the P�roperty to make repairs. Althou�h Lender may take action under this paragmph .
<br /> ' � 7.Lendes does not have to do so. ' � �
<br />-y. ��� �'. Any umouats disbursed 6y Lender under this paragraph 7 shall b�comc additianal debt of Bomoticer secured by this , �
<br /> Security Instrumcui. Unless Borro�ver and Lender agree to other terms of pay�nent. these amounts shall bear interest from the � � :
<br /> - � . . � date of disbutsement at the Note mte ancD shall be payable. with interest, upon notice from Lender w Borrower requesting � ' '
<br /> �-.�. , • payment.
<br /> =�.. S.Mortgaae Ins�ance.If Lender raquired mortga�e insurance as n candition of making the loan secured by this Sccurity . � �
<br /> • � ' � � Instrumen� Borroticer s�,'�ill pay the pmmiums requ'ved to mtintain the mort�age insurance ro et'fect. IP, fcu any rc;ison, the .
<br /> � � inort�age insurance mvetage required 6y LendeT lapses or ceases to be in effect,Borcou•er shall gay the premiums required to �
<br /> � obG3in ooverage substantially equivalent to thc tnortgage insurance pmviously in effect,af�cbst substantially equivai0nt to the •
<br /> ...
<br /> = �_._____: _ � cnst tn FSnrror:er of the mort��°u�sutaure previously in effect,from an alt�em�te mortgage insurer:ipprovcd by Lcacicr. if • • �
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<br /> � • .� va90 i o+� iarm 3028 9190. �
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