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<br /> - . , _' ��';+��L��t Und;.t Ih� �� . -- .s�.
<br /> n6t to c�:.ccd th� rzaac.r�:sm cnount a E ndcr for a lzd�ral,y �n,�tcd suart;;l�o to:n may rcr�ui;o �`�6�7�ot�l��a crS�� _�
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<br /> ' tc�:rcl R_�I Co¢�t��:til�m:at ProccGurc� ACt o! 1'J7�a� em�nd�d �ro:a tL��fo tim�, t2 U.S.C.iG41 ct c��. ('F.:C�A°?�unt��o r.no4i�Cr far� � �
<br /> thRt Eis1p11ez to the Funda seta a lesser emaunt. II so, Wnder may, at any time,col'ac4 and hoW Fund� In an tu+�a'ant noi to c,:cccd t1a i � • , -
<br /> I�saK runoun4 Under may eetknate the�nount of Nnde due on lh� baslo 01 ourront dato end reanonub4o ostlmate3 01 exa9nd�turas cf F
<br /> �,, futuro Eecrow liema or atherwfs�In eccordancs wRh appiictbte I�w. � � .'��.•''
<br /> Tiie Funds �thaM bo hotd h an IrtstRutbn whose dcposlia ero Insured by a tadaral aponcy, In�trum�ntality,ar enlrty(hciudinp Londor,I► ��� --:..
<br /> ' Lander Is such an h�tkut3on)or h nny Federal Home Loen Oank. L�M►ahaA epply th0 Funda to p�y tho Eearow Items. Lasdor m�y nol , `;;���,,;"
<br /> cE�:.ra� Bort0.1�r for ho'd'Jtp Cnd cpplyMp !hs Funds, en�uelPj anaryifng thp as�rov+ account, or vorHykip th�Fscrow Itoms,uni�ss Londer ��; . ;
<br /> ' payi 8ortawK htKast on th�Funds 4nd�pplir,4bta Inw permke l.enda to make such a cNarpe. Howevw,I.endet mey requYo Borrow0r to I , , ,,;��,,,.y,,,,-.
<br /> d,wa::.,.--
<br /> pay n on�tkna chupo(or en hdopendent re�l entate tex repoAinp savk�us�d by LSnder In connoatbrt wrih this ban,uniesa e�pl�able lew t ° t••�••*�;�;.,_ __
<br /> provldoa othwwls�. linbas an apreernent Is mnde or applkabk+ Inw requtes hterest to bo patd, Lerttlor shell not ba required to p�y � � ti ;-----
<br /> !d
<br /> Bortower any hterest or eemhps on the Fund3.Borrowor and Lender rtu�Y epree h wrRhg,howaver.thet hterost shetl be paid on tho Funds. . . ;"���•:�_.
<br /> Lendor ehall plve to Bortower,wRhout oharpe,an ¢nnual accounth0 ot the Fund9,ohowhp credks and dabks to the Funda and the purpoae .` —��
<br /> for tivhlnh eech debk to fha Funds was mnde. Tho Funds are piedped as addRbnal sxurky tor aA tsuma secured by lh{s Securityr Instrumea4 , � .. �
<br /> " If tho Funds hetd by Lender exceed the amounts pormitted to bs hekf by applfcabte taw, Lender shall account to Rorrc�wor tor the �� � _:
<br /> ' excesa Fund9 in ac�ardance wRh the requiremen4a ot spplbable law. If the amount of lhe Funds hold by I.ender at any time Is not sulficlent � • ���4-'���
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<br /> � to pay the Escrow It�xns whon due,Lendor msy so notify Borcower in wrkhp,and, h such case Borrower shall pay ro L�n6er lhe flmount ' �_• ' " �'�'�,q`
<br /> • necessary ta mske up tho deficiency. Borrawc�r shnA mnke up the daficionoy h no more than tweke monthy poyments, et Lende�s sole '` "''•" ; '
<br /> .. discrettan. - �- -.
<br /> � Upon payment Y� fuli of ell sums secured by thls Security Instrument, Lender shall prompty relund to Sortower any Funds hetd by """'"•�+ '�_ •
<br /> � �3;Ti�t''�i�■,:=
<br /> � Lendor. I},under parapraPh 2���endor ai�atl eaquWa ar eel!tho Prap�ty, Lende�,prtol to thA ACQ��I50bn qr sela ot the PropoRy,bhell appy ,;:,�_�u,c
<br /> � any Funds heid by Londer at thv tfine ot acquiskbn or aale nu e credR epahat the sums secur�d by this Seaurky Instrumont. • n `?'=�����`-=
<br /> 3.Application ot Peyments. Unless appllcflbte law prouldas othenxise,all psymento reCelved by Lender under paraptephs 1 end ;_�„�L,�..
<br /> 2 shall bo appfiod: (iret, to eny prepayment oharpes due under the�fote; second, to emounta payebie under paregrnph 2; (hird to Ntorest . :� .�! -
<br /> due;fouAh,to pnc�lpai due;and last,to any late charpes du�undur tha Note. �� r'�`"'''"� �
<br /> 4. Cherpea; �.Iena BoROwev shall pay a11 texes, assessmonts, chrupes, fhes and knposflbns atVibutabte to the Prapaty whlch �� �
<br /> may attaln priorihr ov�this Securiiy Insttument,and Ieasehold paymente or pround rento. M any. Borrowet shall pay these obllpatbna In the , .:.�y,- ,�
<br /> manner provlded In parapreph 2, or h not paW h that marene�, Borcower shaU pAy them on tlme dfrocty to the person owed payme+it. �,,1
<br /> Bortower shaU prompty Wmish to Lender ell not�es o! amounts to bo pald under thla pnrayraph. If Bortower makos thosa payments �..'��=�;-
<br /> dlroatly,Bo�rower ahaH prompty fumish to Lender recelpts ovldenck►p the paymonts. '�`�•:�•
<br /> • �ortower ehGH promptly disCharpo any I1en whlch haa priority over thfs SeCUrity Instrumunt unleSB Bortower. (a)IIgrees h wrkk►p to the +�%''�'
<br /> � �;
<br /> -- � . o .,,A w wccaotable to Lender.(b) contests !n pood talth the Ilen by,or de(ends agahst �.y`„� -
<br /> :: _ - , psrn�N�i u?tuo uuiycit'vti �.""i.'s:3 b� .tl�!�.'! !�! _ .._nn_ . _
<br /> entar�cemont of tho Oen In,leynl praCeedlnps whbh In the Lendurs ophbn operete to pravent the entorcemont ot the lien;or(C)secures trom
<br /> the holdor ot the Ilen an egr6ement settstactory to Lendor 5ubordtnatinp the Ilen to thls Securl;y Inswment. Ii Lender detertnlnes that eny ',�,, °
<br /> ptut of ths PropeRy is subJect to a Ilen which may atteln prlorityr over thfs Security InsWmant, Lender may plve Borrower a notice Identifyhg t::
<br /> " ' the Oen. Borrower shall satisty the Ibn or teke one or more of the actbns set foAh ebove wkhtn 10 days ot the p!vhp o}not�Cd. ,, ,,; •
<br /> • 5. Hezard or Property Insurence. BoROwer eh811 keep the Improvement8 now exlsting or heteafter ereot9d on lho Property � .�, >
<br /> insurad Rqalnst bss by t1re, heiards haludod wRhh the terrn "extended covempe" and any other herards, Includhy (lood�or ttoodh4, lor ,�y., ��
<br /> - whbh Ler+det requlres hsuranco. ThM hsurenCe sha�be mtifntaMted in the�rnounts and for the porlods thet Lendor requlree. Tho In3umnCe ,...:,
<br /> carrler provldhp the hsunnce shaB be chosen by Borrower subJect to Lenders epproval wh4h shall not be unroasonabry wkhhold. If �: ��
<br /> '� � Borrower talfs to mahteh covoraye descrbed above, Lender mey,at Lenders optlon, obtaln covoraqe to pratect Lenders rghts h the �• •'
<br /> „ Property In ecCOrdance wkh pflrflpreph 7. I ;� '�
<br /> AN in5uranCe polkbs and renewals shall be acceptnbb to Lundnr and shell tncludo a standflrd mortgage cPduse. Lender shall have lhe .
<br /> right to hob the pollales and renewals. It Lender requires,Bortower shall prompty plvo to Londor au recelpts of pald premtums end renewal ��c`4.r�
<br /> �; �`�
<br /> . not�efl. In the event oP bss, Bortower shaA plve prompt not�o to the hsurence caRier and Lender. Lender muy mako proof o4 loss fl not • ,;
<br /> medu prampty by 8ortower. •
<br /> Unless Londer and Botrowpr otherwise ayreo h wrNhp, hsurance proceeds ahaU bo ctpplled to restoratbn or repaY of the Proporty • •
<br /> m d k the rostoratbn or repaY Is econom�Cal�� foasfble and Lenders �ecurky Is not bssened. If tho restorntbn or repalr Is not ��'�1�
<br /> da age . ,
<br /> economlcaly teasWle or Lenders securihr woutd be bssened,the Insurance procoeds shall be epplied to the sums socured by thls Socurily � � "-=_
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<br /> ' InsWm9nt,whethsr or not thm dus, wkh any excess pakl to Borrower. It Bortower abflndons the Property, ot does not answer wkhh 30 � • �, :
<br /> � days a not�o from Lender that the hsuranco cartbr has oftered to sottte e olaMn, then Lender may collect the hsurnnco pror.oeds. Londor • ,• •'.;:
<br /> , • mey uso the proceeds to repalr or restoro the Proporty or to pay cums secured by thls Sacurky Instrument,wAother or not then duo. Tho `�• �, _i
<br /> .,
<br /> �� 34day porbd wlll bepin when ths notk:e Is plven. •� ;
<br /> Unbse Lender and 8orrowcx othervrlsu agree In writhg, nny epplfeatbn ot proaeedE to princtpel shall not extand or postpone the due
<br /> dato o}tho monthy payments reforrod to h pnragmphs 1 end 2 or Chango tho umount of the pnymonts. If undor puraflraph 21 tho Proporty .!�
<br /> • ts acpulrad by Lendet,Borrowers rlgl�t to any Insurnnco policbs and procoods rosuRhfl (rom damngo to the Property prlor to the acqutsltlon
<br /> � sheN pesa to Lender to Ih9 extunt o}the suma socurod by thls Scicurity InsWment immed4�tery prior to tho acqulsltlon. �
<br /> � 6. �.ecupency, Preaervntlon, Matntenn�ce and Protectlon ot the Property; Bor�ower's Loan
<br /> , A�)�I1C�t1011; LCt180h01tl8.Bortowor shnll occupy, ostahfish, end use the Proporty as Borcowor's p�hotpal resldence wlthln sbcty days �
<br /> ' ollCt tho oxocutfon o}thls Security Instrumont and sholl conthuo to occupy tho Property as Borrowers princlpnl resldenco for nt bast onn
<br /> � year ultor tho date o} ocCUpancy, unbss Londar othorwlso aflreos In wrfthg, whfch consant shnll not be unreasonably wRhhold, or unbss .
<br /> . oxtcnunthg olrcumstanc�es axlst whlah are boyond Borcow�s controt. Bortowar shnll not doslroy, damage or Impnk tho Proporty, ¢Ilow tho
<br /> Propcxiy to deteriorete,or comm(t wnsta on tho Property. BCrrower shall ba h defauh M nny tortoituro nctlan or proceedtng,whethsr clvil or .
<br /> crlmha4 fs beQun th3t In lenders good fnkh Judgmont coukf resuR in toAokure o1 tho Proporty or othorwlso mntorlslry Ynpslr tho Ilen croatod _
<br /> _ __ _ _,_ _ _ bv thVs Securiry In�trument or l.�nders cecurity htorost. I3ortowor may cure such a d3tnuft nnd ealnstato, as provldod In parapraph t8,by �'
<br />_ _.. _ _-- - .
<br /> cau:,lnp tho nctlan or proceedtnp to be d�smtssod with n rulhg thnt, h Lantlors flooa mnn atermmutio�, precirdes iorie�n,� oi i�o � - _=� :
<br /> BoROwa's intaost In lhe Property or othor matorlal Nnpalrment of the Ibn croatod by thls Security InstNment or Londor's socurity Interest.
<br /> ° 8or�ower BhaH olso be h detauR M Borrower, durinp the loan epplicatlon procoss,flnvo muterlaly ftslso or hnccurate hlortnatlon or ctntomonts
<br /> to Lender(or ffllled to Rtovtde Londer wRh nny matoriul hformutbn) In connoction wkh the ban evldoncod by the Note, Includhg, but not '
<br /> i I'�:ked to, representatbns concemhp Borrower0 occupancy ot the PropoRy as u princlpal rostdenco. If thls Secudty Instrument Is on a ,
<br /> � besehotd, Bortower shell comply with all tho provlsbns ot tho basa. I} Borrower ncqulros too tRle to the Proporty,tho basohold nnd tho
<br />_ � foe tNte ohau not merqe unlesa the Londer aprcos to tho morger h w�ithg.
<br /> . P�o•a o�e �o�m aoae oroo ,
<br /> . , r•,o�o.th�o(,orw1
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