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<br /> z".,F' . .. i-¢i• Ti'YS31 ��a5?�����'Y+��n.-�anw�re����. ` a.,..s. o = ___
<br /> .�.� c �3".�..��'�'�..,.w.--'�..e,__ _— _— -- — — ._---.-- - _ - . --- - -
<br /> ___:---_�-_— --�' �'—�.�-_�.��_-- .-.. . . . �� --
<br /> -� __._ , — _ i. .. ,. � —
<br /> _--___—_-_ --._ . - . -_ -: � � .. � �. _ �
<br /> ___ --- . . r . . � � _ ' . i . . � .. ; . . � . � . - - � _ . -
<br /> _ . :,.- , . 4 L ` ,(g ����t�� � ` : • : ' - —
<br /> � ?'he�ciauIs siia3l 6e t�eld�ia an iinstit�►tio�i tyt�s�'8�ns`�s aaa 3rtsn�d�by a fe��nti �ency. insinim:a�a.t'�ty.ar e�ity� --
<br /> __- — ( �'iaciadin�I.enderf if I:c�sier is sacti an��itudoa)nr Sn�any Fede�'l�ast�f.oan Barz:s.IxnOrar sh3l1 apply t&�Fur�s to gaY�te �
<br /> --_- • F,SCro.v It��s ��easler enag aot ci�e�orrou•er Cor haidin&���PP�ag the Funds�annually analy�ng the escmw 2.�aut�:or - ---
<br /> - _-_= �erifyi*�thc�scaow It�as,as�ss Lead�sr�Ys$4rc�cve:iat�rest an the�unds and appl�eabt�[aw pemitts Lertder to u�ake sz�et� -
<br /> -- a charge Ho�rzver.I.eader may re�uite$oarower to pay a aae�time charge fQr s�n Iad:�nQe�t r�a2 estats tan reporting ac�viCe. --
<br /> ---- -- .. , ased by I.ender in c��anectio�cFn't�thi� loaa. uatess ap�licabte [aw provides ottcen�e.' Ontess�utt agree�ncnt �s tn..�ds or ---
<br /> -- . appiic�abie lav+c teqait�.c i�ter�st tv 6e,paid,i�s3ex�shalt not be requir�d to pay$cimwer any int�rest or eamin8s an tht Fu�ds.
<br /> Boriawer�.^�t I.exider may ag�ree in wtirina,however,that imerest s,halt be.P�id on the�uuns9s.Ixadea shall give co Bosro�+:er. .
<br /> -----°= . withont ciFarBe, aa�aunual ascaunnting of tke Fuuds. shacviag ccedits aasl debits m the Fnnds.asxi the purpos.foz wluch eaeta � . ---__-
<br /> debit W t�e Fu�ds was mad�.'I7ie Funds art gledged�.s edditional security for aU su�secur+e�by ttus�.c�uity Inst�umeni. _ -
<br /> ��.� It tBe Fuads�he2d 1ry I�en.der e�cxed the a�nao�nts permitted to be ketd by appti�le taw.Lend�r s�11 acao:►nt to Borrawes ' -- ---
<br /> ^.�'� for the esaess.Feutds in afloandanre aritb the rcquirenaenfs of appticable law. If the amoum o�f the�nnds beld by I.�ndea eL any ==N__-�—
<br /> "��,=°s-"" tim�is a�t suffirIeat to pay the Escroc�ttems tvflen due,I:ender ataY so aotify Sorrocves�in writing,a�.in sesh cx�8oa�wes•' . -----_ -
<br /> =_��. shatl pay to Lerder the�ount ueeassary m matse up the defici�cy.Borrower stiall m�lce�ap the defiaency tn ao mare thaa ` __---
<br /> _______= twelve mantGly paymeuts,at Leader's sale dis�e.icon. , • _—---
<br /> —_:_== Qpnn payment in fiill of aU sums secuced by this Set�rity Iustrament, LQnd�r shail pmmptly refand to Aocrower any _
<br /> � Funds�ietd by Leader.If,�der paragrdph 2t.L�der shall aoquire or sell the Property,Leader.griot to the acquisidan or sate
<br />_---_'-'m-� of the PcapettY.sha�1 appiy anv Fands he[d by Leader at thc time of acquisition or sale as a eiedit aga+nst tfie sums secured by =-
<br /> -_'=-_—°"�'-�' this Setvriry Insuuptrent-�- �' J.:.._:• . ,
<br /> -- = --_ - 3.Ap�licrdt[on af Payt*�:Unless applicabte 1aw pravides oWecwise,a[I paymeius re�oeiv�d 6y Lender uIIder paragraphs
<br /> .. ------ 1 aad 2 shaU he a�J��.:fast:�W.any.pm�i�-�t charges due iu►der the Note;sewad,to atnaunis PaYable under patagaph 2; --
<br /> -_--- .third,W iritemsc c�faurth.t�o pridcipal�;.�ad last.to aay late charges due under th�Note. ----
<br /> ===_-=� 4,Cl�ayges;�.tens,Borrower shall�a�p;all taxes,assess�ments,charges+fin�aud impasiiions azm'bntabte to ihe P�peril+ __
<br /> ha ��
<br /> —'�"`� • which maY��Pri��Y over this 5ecur"r.�}Insttament,and[easehaid payments or grantd tenu.i�any.Eorrower sI�all pay -----
<br /> _--�--_= t�e,se obligatia�in the.manuer.�{�`ndea in paragragh 2,az r:�scot paid in that manner.Bouower s1�a11 pay them oa time directly —
<br /> h
<br /> -__-°_-_= to the peison uwed.PaYment.i�,,-3nnwes sflall promptly fnmish co Lender aii notioes of amawnts tn be paid andsr thfis paragpaph. �
<br />_.__:--=_' ' jf Bormwer makRS tdese paya;u�s directdY,�orrower shalt pramptlY fitr�s6 m Leader receipts evidenciug the payaoents. _
<br />=v��:�,"�"�� Borrower .�� PromP�Y d�e�Y lien wiuch 6as priority over this Secarity Instrament untess Harrower. (a)aSre�e in �.-___-
<br />` --"" writing to the pa.�,�.dt of the otiligation secvred by the Lien in a manner aceeptable to Lender:(b)ooniests In good faith the Uea �--_--_-=--
<br />_p,, ��a .dt —
<br /> by.ar�efends a�.�'nss eafe..-�'^eat�of the�liea'in, legal praceedings.which in the i.ender's.opinian agerate to pteveat the •
<br />:.;�;��-�` �-__--- -.
<br /> :.;�;�,F, enforceme�it of t�e lien:or�c,,�ures from the holder of the lien an ageeaient satisfa�tory'to l.ender subordinaang the iien to �
<br /> :;�fi�~--. this 5ecurity Insinuaeni:lf�a�r determines thai any part of the Prapelty is subjecx to a lien which may suain pdority ovsr : --
<br /> . _'-':'f. _ � this S�urity Tns�t,Lert��tay give Bornnwer a natice identifying t6e lien:Barrawer shall satisfy the liea nr take one or ��� _ -
<br />_�.�r .�.:. , �uri
<br /> = '':: more of the actia�:�forth above witdin iQ days of the giving of notioe. � � r"��
<br /> ,,�'�:'� . 5. Ha�dl�it�Properly.Lnsutauc�:.T?r�rrower shall keep the improvements now existing u�ereafter erected on the ' =,
<br /> su
<br /> -;;;.,?��;;�' property insured'�ainst loss by fire.ha�:c*",�s:inctuded within the term "extended coverage"and am_r other ha7ards:includin�.. . d�� r . 1
<br /> :;;..
<br /> ��= Qnnds or tlooding,for which l,euder rec��;.�es,insnrance.This insurance shall6e maintained in the amaants and far the periods ��4� %;�;.
<br /> �.�*��`-�w�;.' t1�ax t.ec�der requiras.The ins�-u.ece cam�groviding tite insurance shall be chosen by Borrower subjecs.co I.�s aPP��� � '�r� ,
<br /> �,�''�.�r..;,• w t�i c i t s h a ll n n t b e u n r e a s o n�.,'^Y,s w i t h h e t�: T€B o r r awer faits to mainsain coverage described abovt. [�..�.�;at I.ender s :r..
<br /> , i,-�.
<br />,=;•��,�,_'�;:: ' oprion,obtaiis ca3�rage to prctect Lender's rgf►ts in the Pro�erty in accordance arith para&raph 7. ,�... ..
<br /> '''�` �"���r AIl ias.,�-asc�polic�es and renewals shall be acceptable to Lender and shall include a star�:..3.�iortgage clause. Lender . f,, , ,
<br /> ����-�� st�ll have ti:a r�t to hold ttce pollcies and renewals.If Lender reguires,Borrower shall promptly:�;.�e to Lender all receipts of ` -
<br /> f��:. .�
<br /> -+��"y_�: paid preaniu�ns ar�d renewal natices.In the evera of loss.B6:r���uer.shall give prompt not;ce to the insurance ca�ri�r and I:zndet. ' .'", �
<br /> `';"`� �- i,e�3er may mr�ie praof of loss if not made promptly by Bc::��:
<br /> -�,.,��-'•�z tJntess Le�'..�r and Borro'wer otheiwise a�ree�n wnung,ins��oe procxeds shall be applied to restoration or repair of the ` .;;° ; �
<br /> "`� ��';" Property damage�f,If the rpstoration or repair is eoonoraicaliy feasi6le�.+�+i Lender's secuYiry is a�s I�sened.if the restoration or ���
<br /> S:,t�;• � �.
<br />;:.:,.`r,■�.�_�- repair is nai economically feasi'ble or Lender's securiry woutd De lessened.the insurance proceed��1iai1 be applied to the sums �,;,
<br />�+�!��-`•,�� � secured by this Security Instrumen� whether or not then due.with,any excess paid to Borrower. If Eorrower�abandons the
<br />-•,•,,.-�a•.:�"'
<br /> r�..Y�_.�••� Pro rty,or does not answer within 30 da s a norice from Lender that the insvrance cartier has offemd to settle a claim,th� �-
<br /> �."``���i� Lender may coilect the insurance praceeds. 1-ender may use the proceeds to repair or restore the Property or to pay sums ' s �'�-'�-
<br />`;;�''',;,:''• secured by this Security Insttumem,whether or not t hen due.'I 7�e 3 0-d ay peria d w i U b e�i n w h en the notice is g�ven. _ . • •�,=:r�=.a�,.
<br />°�;r��;`�. ; ', Unless Lender and Borrower othenvise agee in writing. any application of proceeds to principul shaA not extend or • j� .��
<br /> _ -rti� t ` '•��k•�-�.�
<br />=__ �-�-�:� postpone the$ue date of tlie manthly payments referred to in paragraphs 1 and 2 or change the amount�of the paymenu. If � �.�
<br /> .�,�,,� under p3ragraph.21 tfie Prop�rty is acqui�ert by Lender.Bonower's r�ght to any insuranoe policies and Praceeds resuiting from
<br /> �� �e to the Property priar fzrthe acquis�rion shall pass aa Lender to the extent of the sums.secured by this Security Tnsuument , �._
<br /> x - r3�+i�S .�� -i�ra-
<br />�*�.,�:';,. . irrs^_ediatefy prior to the acc{iu;�t,,:on. � I.eatehotds. �"Gi{ '� `•_-
<br /> •:. x�.:, ; 6.Oce�mc9,�'eservarrJn,Mainl�naace and Protection of the Praperty,Bosrower s I.oan Appl�cadon; ��
<br /> :,_�`: _. , _ ��++�.. �. ...
<br /> - `�`•� Sorrower st�J.Lar.supy.establish,and us�`ti'�Property as Borrower s principal residence within sixty days after the exewtion of .� �s����
<br /> ' � � thjs Security Gc4.*vment and shall condn'�::ta occupy the ProDerty as Boaower's princiya! residence for at least one year after '
<br /> ' the date of occopancy.unless Lender otlterw►se agrees in writmg.wluch consent shall nm be unreasona6fy witlihetd. or unless �� 7�__`
<br /> 1 �`'!.. • e x t e n u a R i n g c i r c u m s t a n ce s e x i s t w h i c h a r e be yond Borrower's control. Borrower shall �ot destroy. damage or impair t�e • ....;'�,p>,�,
<br /> - � - � Property.allow the Prope�tg tfl deteriorate.or commit waste on the Property. Borro�ver shall be in default �f any fo r feiture - • . ' • _
<br /> `�"�'•Y action or proaeding,whethr:c�vil or criminal.is begun that in Lender s good faith judgment oould result in forfeiture of the ,
<br />`'�=-,!,����: .�`�• property or Qtin:rwise materially impair the lien created by this Security Instrument or Lender's securiry intemst.Borrower may • �
<br /> �,,�.'�
<br /> - ��=� '� cure�such a d�rault and reinstate,as pravided in paragraph 18,by caLing the action or proceeding co be dismissed with a ruti.n� • ��r�.,.�
<br /> = -,. .F�..;,.,. .--
<br /> �``�� ' that. in l.ender's.good faith determination.precludes forfeiture of tPte Borrower's interest in the Property or other mate��i �, � . i
<br /> ,r•�°=y"�,,;`• • impairment of the lien created by this Security lnstru�ent or Lender's security interest. Borrower shall also be in default if ,, . �-
<br /> �,; .
<br /> ._ }��::�;�� Borrower,during the loan ap�lication pra.ess,gave ma[ecialiy false or inaccurate information or statements to Lender(or faited ,�_•• �
<br />---r--='�-�_--L=��;:;;' tp provide Le..^der with any.m�terial information)in eonnection with t2:�loan evlde�sed by the Note,ipduding,but not limited ,• � ,,�.
<br /> '`��„��,�� to,represen�jfim��s ooncern�ng Borrower s..eccupancy of the Property as a princiQal residence.If t�is Security Instrument is on a•� . -
<br />����;;:,.�;;;,:_;� leasefrold. 8a�trwer shall comp3y �vith aIT the provisions of the l�se. if Borrower acquires Cr.�titte to the Prope�4y,t15� .
<br /> '-''�''=x=>'`�'� teaseho2d and the foe tide shall aot merge r.niess Lender agre�to the tnerger in writin�. � � ' -
<br />:.`-::'�•:;->;i: �
<br /> -_� •�e .-.� 7.Ptotedian ot I.endr�s Rigi�ts in t6e�'topertSi.If Boaawer fails to perfo�rn c.�te covenants and ageemenu comtained in �
<br />-`�-��s.,'�,,,,1:"�' c�is Securiry Instrament.o�r tlie�is a legai Proceeding that may signifccat►tly at�aca b.ender's rights in the Ptopetry(such as a � -_
<br /> ="�:�����:=' p m c�e d ing in b a n k i u p i c y.p r o b a t e;f o r c o n d e m n u t i o n a r f o r f e i t u r e o r t o e n f u r c e t a w s o r re g u lations).then Lender m a y do and � ��.
<br />-"°'�'-:�^'•g ',anr'� • •
<br /> -;�„�.- .;.; ay for�v�atever is necessary to ptotect the value of the Property and Lender s riQ..,hts in the Property. l.ender's actions may ��_
<br />;:�='�3::�-'�a'� n clude pay ng any sums secured by a lien which has prioriry aver this Securiry instrnment, appeanng in court, paying . � i _
<br /> `��•�sw•���•��' reasonable attom�ys'fees and entering on the Property to make repairs.Although I.ender may taice action under this paragraph , •s:,
<br /> cs—_.,....,�_.....,: , .
<br /> - . �. .,:-�:
<br /> , ,. 7,Lender does not have to do so. .
<br /> ��`�s�_.4��`�:: Any amuunis disbursed by Lender under this paragraph 7 shall 6ecome additional debt of Bottower secured by this �
<br /> ���� 5ecurity Instniment. Unless Borrower and Lender agree to other tcrms of payment.these amounts shalt bear interest from the , . �a'-_ .
<br /> ' �=�;�r������ date of dlsbulsemeM at the Note rate attd shall be payable. with intcrest, upon notice fmm Lender to Borrower.requestiag . 3...�
<br />�tr-..,�._�.�.y..�n' P�Yment. . -;�
<br /> ��:;'�'::�::.'�.•:.. 8.Mortgage In:suranec.If I.ender required mortgage insuraitce as a condition of making the loan secut�ed by this SQCUrity t,
<br /> • " (nstrument, Borro�ver shall pay the pretaiutns requirod to maintain the mart�e insuranoe m effect. If. for any reason, the � � ,a�
<br /> ��';�.:::�` �, mort�age ituurance coverage requir�by Lender lapses or ceases to be in effect. Sorrower sh�ll pay the premiums required to �
<br /> • o6tain coverage substantialiy equiv�lent to�he mortgage insurance previously in effect.�t a cost substantially equivalent ta the . . .
<br />- • • oost to�orrow-er of the mortgage insurance previousty in effect.from un altertiate mortgage insurer approved by l.ender. If $.; .
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<br /> ' ' v,�a x m a � Fotm 8025 9130 ': . ,
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