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<br /> 'I'he�Pwids slifll.ca�dcr�iti such1un1institulionl ur�in any�Falcral flumcll�u:ui liauk�ill�ndcr,Ilrill alPPlyu�hc'I�wulti tu'p:ry�lly _ _i.
<br /> (Inch�dui�,I.cndcr,
<br />-. ' Bscrmv flcnn. l�:nd�:r nuiy unt char�c f�nrrnwcr fur ha ldin��a n u� a�p pl yln�!thc Fnnds, annunlly au.dyzing�hc c+cruw acrouni,ar —_
<br /> , ' ' vcrify{n�,lhc Cscruw Itcmr. unlcs�I.cndc�prr„n'�tn'�v�y���i,nc-timc�cl cu�c�fi�r 1.uil in Icpciut iii��rcul e��atc t x��rcponing kcr ic c „�� u_
<br /> 1" u chnr�;c. Ho•Hevcr. I�:ndcr may rcyuirc P
<br /> ' , utiLd hy l.cndcr in c�mncclfon �vith Iliiti luau, unlcss ,��i�i���ni� I�iw prnvidcti o►hci�vi�c. Unlctiti iin ag�cemcnt is ntudc ��r ., _—
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<br /> . � . „ uppltr:�hlc law rcyuircti;ntc��r�;'in �vritinµ'Iu�vcvc�r�I�h�t�i ucrc�t�sh,ll�bc��i�1��m�ticri=uilJs��tl.cnder I�nll�gi c�tc�f3nrro+vcr. ��
<br /> . 13arrutis�r and Lcndtr n y � _
<br />- , � �viihuu� chtugc, «�� °1��i��i Ic�Thc�Fids`urc plcdgcd;iti�uddiu mul�sccurity 1�r ull swns sccur�d by�thiti�'Scrurity Instrumcnt.11t�h i'-,ca
<br /> dcl�it tu tltc I'andti wn �`:
<br /> If thc runds hcld by l.xndcr cxcecd thc;uu��unts permittcd t��hc hcld by applici►blc L•nv, L�:ndcr shall i�ccuunt to B�rrowcr
<br /> . for dic cxccss Fundc in accurdancc aith thc rcquircmcnts af�ipplicublc I.iw'f�f�h�r�wcr n writing.and�Iinl urli ca c B11�OW! 4'�.
<br /> timc is not sufficicnt tu pay tlic Escruw Itcros�vhen duc, l.crnlcr may sa n y R,Y
<br /> sfiall pay ti� l..cndcr thc umount ncccstiury to mi►kc up chc dcficicncy. Burrowcr shcill makc up thc dcticicncy in no m��rc than ��`
<br /> twclvc monthly payments, at I.cndcr's tiolc discrction. ;f,;`
<br /> ,. Upun payment in full ��f all sums scrurcd by this Sccuriry Instrument. Lendcr shall prompdy rcfund tu Horrowcr any �
<br /> Funds hcld by l.cndcr.If, undcr parabruph 21, Lcndcr shull acyuire or sell thc Propeny. Lcndcr,pnor ta thc acquisition or sule
<br /> ' �if thc Property, shall apply any Funds hcld by I.cndcr at thc nmc of ucquisition ur salc as a crcdit against thc sums ticcurcd by
<br /> chis Securiry Instrument. P;y P' 6 P „
<br /> 3.Appl[cat[on of Payments. Unlcss applicnblc law providcs othe►�visc,all i nunts rcccivcd by l.ender undcr rra ra hs
<br /> " l and 2 shall be applied: S"int•to any prepayment churges due under the Note; seconJ, te�amounts payuble under paragraph 2:
<br /> third,to interest duc; fourth, to principal due;and last,w any late chargcs duc under the Note.
<br /> 4. Charg�s; L3�tts. Borrov�er stiall puy all rnxcs, assessments, chnrges, fincs and impotiitions attributable to the Property '
<br /> . .� which may attain Pshe,manner trov'ded in paragr•aphe2�ornf not pud�intl,�,t�man cr sBorrowcr�shall p y�hBor�n time clilrc�ly �
<br /> thcsc obligations�n t P
<br /> l�'�:'. . to the person owcd paymcnt. Borro�ver shall pmmptly furnish to Lcnder all noticcs of amounts ro bc paid under this paragraph. I y�'�
<br /> `' If Bormwer makes thcse payments dire¢tly,Borrowcr shall promptly furnish to LenJcr reccipts evidcncing the paymcnts. .. •, �.
<br />"• '� Borrotiver shall pramptly discharge any lien which has priority over[his Securiry In+[rument unless Borrower: (a)agrecs in . _
<br /> 1►�,.;.
<br /> , writing to the pdy�1e°st enf rcem�ent�of theul n�1n�les I prc�ccedingsr vhicht�nl the L i�er',opinic nstuperat��t�e�f prevemlthc
<br /> by, or Jcfcnds nbn�n ���
<br /> enforcement of thc licn; or(c)secures from lhc holdcr uf thc lien un agrcemcnt satisfactory to Lcndcr tiuburdinating the lien to �!
<br /> ' this Security Instrununt. If I.ender detem�incs that any p.►n of thc Property is subject cu a licn which muy attain priority ovcr r �
<br /> ' this Sccurity instrumen[. I.endcr may give Horrowcr a noticc idcntiFying thc licis. B��rrowcr sh�dl satisfy thc licn ur takc onc or
<br /> morc of nc�actions sct forth ahovc�vithin 10 Juy�of thc giving��f ni�ticc• " �;. � ��%-
<br /> • S. Nnzurd or Property Insuruncc. E3��rro�vcr �hall kccp thc improvcuunt+ ncnv cxi+ting un c�rcaf�tcr crccted on thc � ,, �,
<br /> �_...w.. r;� i;.,�„�„���,i. �n�•IuJad within lhr tcrm "cxtcndcil ravcragc" and any utlmr ha�urds. includinH
<br /> ._ � . - .- � {��OplTly llltiUfllT 8bitlliai w�i vy 1 �' �hn nnr� - .
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<br /> t1�oJs or fluuding, for whicl,L-�n«i irricr�ruvidi���thc�in�ur+mce�tihall'hclrlunrn�by�Hurru��rr subjc�ttlo��l.cndcr'+appruvtd ^.�� .
<br /> �, that Lend�r rcyuires. Thc m urY p � y. : ,'' "�
<br /> which sl�all nut hc unrca+unabl withhcld. If Hurruwcr I��ils t�, in�iinl:iin r�,vcra�c dc�crihcd ahuvc, l.�nilcr mu d l.�ndcr'y
<br /> optiu».obr.�in covcragc t<�pivtcct l.cndcr'�right,in�he Prup�rty in urcurdancc�vith paragruph 7. ,.
<br /> All in,urancc p��licirs anJ rcnr�vcds �hall bc arrcptablr tu L��ndcr anJ ,h.dl includc :� +tandurd nwrtgagt clnusc. lAndcr ('
<br /> sh;tll httvC thc right ti�huld lhc pulirics:uid renc�val�. If Lcndcr rcyuirc�. F��,rru�vcr,hall pn�mptly�:ivc la Lcndcr all rcrcipt�ut'
<br /> paid premiums and renewid notices. In thc evcm uf�li�s�. Eiurruwer+h:dl give prumpt natice tu thc insuranrc rarricr.md Li:nder.
<br />, . L.cndcr may makc pr��of of loss if not nu�dc promptly hy Hurmwcr. .
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<br /> Unless Lender cmd Borraa•er udurwise.�gre� in wrutng. intiurance procceds tihall he upplicd tu re�turatian��r repair��f the �•-;�1
<br /> Property damaged. if thc retitor,�tion ur repair is ecanomically (casiblc and Landcr',�cruriry i�nut Ic,�cncd. If thc restaratiun��r
<br /> rcpa�r iti nat cconomic.�lly Cea,ible or lAnder',sccuriry would hr Ie,sencJ,the in+urauce prucecds shall be applied to the tiums `*� �?
<br /> secured hy thiti Security Ittstruntent. whether or nut then duc. with any exces+ paid to Burrower. If 13orruwcr abandons the �
<br /> Property. or does not answrr within 30 dayti a m�ticc frum Lendcr that thc insur;zncc carrier hati uffcred to +cttic a claim. then
<br /> collect the i�t,urance procced,. I.ender may usc IhC prucceJti tu repciir ;n• restnre thc"Pi`P inyivrnt� �uY �u'��y �' ; '� �• �
<br /> L.endcr may �
<br /> ' secured by this Security Instrumenc. �vhcthcr ur nc�t then du�. The 30-d,iy periud will b�gm�vhen t � B �,, �, _
<br /> Unlcss [.cndcr and Borr��wcr cithcnvitic agrce in writing. any applic:uiun ��f pracccdti tu principal tihall n�t�xtcnd �,r � .
<br /> postpunc dic duc datc uf thc monthly payments refcrred �i� in paragraph� 1 and � or char.gc thc amount af thc i ment�. If
<br /> under paragraph 21 the Prc�perty iti ucyuired by Lcndcr. Bnrruwcr', right tu any intiurance pnlicics:uid proceeds resulting fr�»n � ' r
<br /> , damagc to thc Pruperty prior to thc aryuisitiun+hull pa�ti tu Lcndcr to thc rxtrnt of thc wms sccurcd hy this Sccurity Intivumcnt �`'f.
<br /> immediatcly prior to tl►c acquisitiun. ,
<br /> 6.Occupi+ncy.Pr�.+crvutbn,Muintenunce und Protection of the I ropert�•; �3�rrmver's I.�►im App�irittiou: l.eu4eholds. , �x
<br /> - � . Florrowe��shall occupy. cstablitih.and u+c thr Pruperty us Borruwcr's principal resiJcncc within tiixty duy+aftcr thc execution uf „
<br /> this Sccur�ty lnstrumcnt und.hull rcmtinur tu„ccupy thc Property as Borruwcr'ti princip.il residcncc t'ur.it Icatit�mc ycar af'tcr n .t
<br /> � thc datc�,t accupanry. unlcs+ LcnJrr athcnvitic ugrers in writmg. whinc �onscnt �hall nut bc unrca��mabl} withhcld. or unless �, -
<br /> " cxtcnuating rircumst.m,csrt x���,Jctcricir�tc.1ur c��ni�itrwastc �m�thcr�Praperty,B��rrowlcr�+li tll hcr�li dcfault if any�liP fcinire I `� ;'.
<br /> ProUCrty. xllow th� I't�p� y
<br /> ' ac[iun or procccding, whcthcr rivil ur crimin.d. is bcgun diat in Lendcr'�guod faith judgrnent coulJ result in furfciturc c�f thc I •�r
<br /> Property or othcrwisc nwtcrially intpair thc licn crcatcd hy thi�Security Instrumcnt��r L.�ndcr's ucurity intcrest. BoiTOwcr nmy
<br /> cure such u dcfault and reinstatc.us providcd in paragraph I S,by rausing thc actii,n ur procceding t��hc dismisscd with a ruling . }
<br /> � that, in Lcndcr'+ good faith detcrminatiun. prcclud�s lorfciture uf th� Bc�rrowcr's intcrest in thc Pmperty ur uthcr material ,
<br /> impairmcnt uf thc licn crcatcd by thi: Sccuriry Intitrumcnt or Lcndcr's ticcurity intcrest. Eiarruwcr �hall :dso he in dcfault if �
<br />� - ° Horrowcr.during thc loan applicatiun proc�ss.Z.►vc matcri.tlly falsc��r inaccuratc information c�r statcmcnts tu l.cndcr for failcd Y
<br /> to providc f.cndcr with any matcrial information)in conncction with thc loan evidcnccd by Ihc Notc. including,hut nul limitcd
<br /> ta. representationti concerning linrcowcr's uccup:mcy ut'the Pruperty cis.►princip:d retiidence. If�hiti Scrurity Instr�nnent i+on a I
<br /> �, � . Icais�liold. f3��rrowcr tihal� rumply with all thc prov�s�ans uf thr. Icatic. �f Borri�wcr acyuirc� frc tidc tu Ihc Prnprn}•. thc `
<br /> Icaschold and thc fcc tidc shall not nurgc wilc�ti L.cndcr agrcc+tu th�:mcrZcr in writin�. ,
<br /> 7.Protc�ction of l.endcr'�Ri�i�ts In thc 1'ropert�•.If Hurrowcr f.til�tii pertorm thc ruvcnant�:md agrccmcnc,rontainc�l in � . -
<br />. • this Sccuriry Intitrumcnt, ur thcre iti a Icgal prorceding that m�ry tiignitir:mtly affcrt I.�ndcr'� rights in thc Pruperty l�url� :«;i � t
<br /> --•L- -__ _ , , procccctinac in bankruptry,probatc, for cundcmn�di��n u�flrrfritur� ur to�ct�ti{rcc`In oh►crin ihc��Pruvcrty.�Lc�ulc�r`� aci�i mlti�may I
<br /> -- - _ _ - __- . . • --
<br /> � �ay for wh::te��er i1 neeessary to procecc �ne���iuc .�� .��� �� ,Fn.v . . '
<br /> �ncludc payiug any sums ,ccurcd by a licu ���hich has prwrily uvcr this Sccuriiy In�trumcnt. nppcaring in raurt, payinF ,
<br /> � rcasonxblc atlorncys tccs aitJ cntcring un thc Pruperry �o makc rcp.�irti. Alth��u};h L��ndcr may inkc.+ctiun undcr thiti pa�r.igrapli ; ,
<br /> r ,, 7.Lcndcr ducs not havc to do�o. � ,,_
<br /> i Any unwunts dirbuncd hy L�ndcr unJcr thiti paragraph 7 �hall Uccomc additi��nnl clebt of Hurruwrr uucurcd hy t uti
<br /> ;� . Securiry Instrumcnt. Unlcss 13orrowcr and I.enJer agrec tu othcr tennti of pa��mm�t. thctic amuunts�►rdl bcur intcrc>t I'rum thc I
<br /> E .
<br /> datc of disburumcnt �it thc Natc ruu� �md �hall bc payablc. with interest. upon notirc frum Lcnd�r to Burr��wrr rcyuc�ting � �,
<br /> paymcnt. -
<br /> g.Mort�;n�;e lnsurs�nce. If Lcnder requircd mortga�c intiurance aiti a c��ndition c�f makin�,thr loan,crured hy thiti 5crurit}•
<br /> Instrumcnt, $arroacr shall p:iy thc prcmiumti reyuircd U� nuiintain thc martgagc insurancc in cf'fcrt. I1�. for any rcasun. thc
<br /> rnc�rtgagc insuranee cuvcrage rcquired by L.endcr lapseti or ceaseti ta b� in cfl�crt. �3orrower shall pay tVic premium� rcquircd to
<br /> �btain roverage �ubtitnntially cqurv,dent to thc nwrt�*uge insuranrc previoutily in cffect, ut a ru�t �ubtitanti.dly cyuivalent u, the i
<br /> cost to Borrowcr of thc mortgagc insurancc prcvi��usly in rffcct, (rom un altcrnatc murtgagc insurcr apprcrved hy Lcndcr. If I ,
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<br /> Po,�a 7��� Form 3028 9190 I
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