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<br /> �El" �'lqP.�� '�i �� i�: i:-.�11 tli .�'1 ti�"�iII9t�Si71 P:�:ts'-; 1�:��1;4'�I'1 .^.IC IIC.DIt:".� �l�/ .1 f�:l�"Li� (tt�C{iS:y� IP'.ill�f�iCtli,:11{y� flY ��;�hi)' �-,
<br /> (a_.,�L_�I�i �.:lit�_l'. 3�� .i�it�::l!'::.t!�i1�-tf�fC�Illti�'.Cil)lfi IU i'fes�t'lR'..i����'11;Li',r��'d li:il�; �.d:::S�' i:-�(':��. ;.�1�'y' (�l�• 1�(%i� ,t!���'. il: ?,'.
<br /> i�s�:row Iic�my. I cudcr u�y nel ch3rgc Rorro�•r.r f'or l�rilciln�;ni�d appiying t�c i�u+xiy,�,smuuiiy uua�y.����;�����,.�.:�p,t:a;�.,;.r - -
<br /> vreiCyin�thc!?�c;rc�w[�eni+,unless 1.r�xJ�r��ays&rrr�»�•rr i�iterrst un tl►�.I'tuxls aiui•r�►piS�ablc Ipw��,ersnits I,etxlcr t��u�i.�s�ch
<br /> u chrrgc, [luwever, Ix►tdcr nwy rcquire 13nrrc►wer tu pap a onr-tinx ci��rge f��r e�n iixie�ecxlent rc�l c-s�ata tax ��nning scn+ice
<br /> uuxl hp !.e•�xl:r ia ���mi�cc�lun «•ith thls loan, unl�ss applir,ahlr: law iu��v�dcv ��thcrwise. Clnless �u a�reement �v msdc or
<br /> rpplicablc law ta�uirts intnrrst to be pxW,l.axkr s1rx11 not Ne rcyuircci to p:+y�rruwcr any intertst ur eaminRs�r.::!�l�ui�ls.
<br /> I�k�mti��cr �iwJ I.�ixlrr nu�y �gn;c in wrUing,hnwever, tha¢ intercst�hKl!bG poid an tne Fu.►w's. L.cncler shall g+ve to Horrc�wrr.
<br /> �.'s:h,c�:st cF:.:rb;;.a�s ;:r�++u:l»cccuntlna of t}:�Y�ur.�. sl:ti,�'sn^ cr•�!i!^nnd,�Al,i�� �n the T�inc�s::ntl�I�c�urEx�sc:fnr wt�ich eneh -- - --
<br /> debit to Ihs�rurnls wus nwcie.7F►r,F'u►xSs arc pletlb�.l us a�Wit�on�l security for aU sums securod by ihis S�:curity(nstrunrcnt.
<br /> [f t1�Fu►xiv Ixid by I,e�xier exceed ttk umiwnts�xrmittor,�t�be held by applicnble law, l.enckr sha�l ac:oount to Barrower
<br /> f�ir 4�cxcess F�unds in Ucc�rduncc with the rcyuiremems af appficnble law. If the amount of the Farids lield by l..e►�cr at any
<br /> lime i�iwt xupicient to pay etM L'uruw Items whrn due,L,erxJer may so notify k3orrower i�z writing,and,in such cs�se Bor�bwer
<br /> Fhall �sy to��der�he anN�unt nececsary to nwkc up thc deficierky, Elorrowcr shall makc up the defic�eney in ao�ranc tE�an
<br /> twelve�x�nlhlY�raYn�eniv,ut L.ender's r;�le discreti�rt�.
<br /> Upc>n psyinent in fu!! of ull sums sncucr:!by ahls �curity Insttvnxnt, Lcrxlcr shall promptly Rfund to sorrowcr any ___
<br /> Funds held by I.erxler.Yf,under�a�agrapt�21, Lender shAll acquire or se11 the Properxy.Lencier, prior ta the acquisiuvyti or sale
<br /> ��:t!�Pmpeny,�hall apply any�unds held by L,en�ter ai the time of acyuisition or s��le us a crcdit asainst the surns secured by
<br /> this S�curity Instrumtnt.
<br /> 3.Ap�lkytion of 1"�ym�nte.Unless upplicable law provides othcrwise.ull payments received by I.ender under paragraphs
<br /> 1 encl 1.shal!bc appHed: fi�st, tu nny prcpayrr►ent chargcs cluc ur►�dcr the Natc; second.to nmounts payabie�lnder�ragraph 2:
<br /> tl�ird, to inccrsst due:fa�rth.to principal duc:and Iast,to any late:.hargcs duc under the Note. __
<br /> 4.Ch�reas; Llens.Barrower shatl pay all taxes,ass�ssnxnts,charges, fines and impositiuns am•ibutable to the Property
<br /> wi�ici.���sy s�tirii� �;riu,iiy ovcr ii�ia S�:tt►lty liistrii��icnt. c�-�d tws:,hatd payr�.:nis or�r�ur.� rents,e�nn;. �sroieer shal! �y ---
<br /> tbcsc obligations in the ma�ncr arovidcd in paragraph 2,or. iP not psid in that manner,Borruwer sl�all pay them on ttme directly
<br /> to lhe ger.:on oweci payment.&a�ruwCr�i�ut1�;iur�tGtly fo�i�is i ta Lc,r�4. :.ti r.ofi�s o:a:m:�r.t�!�tr �:'td e�T!t!t*tI►3�;t?�?g�'?^!! ��-
<br /> If(k►rmw�cr makes thesc payments directly.Rurruwer shnll promptly fumish to Lender receipts evidencing tl�e p:syments. _
<br /> 13orrowee shall pramptly ciischarge any lien which has priority over this Securiry•hutn�ment unEess t3orrnwtr: (a)agrees in
<br /> writing to the payment of the obligution secured by the lien in a manner ncccptable tn T.ender (b)mnte.cts in good faith the iien
<br /> by,or dete�xls ugair�t tnforcement of thc licn in. legal proc�tedings which in die I.ender's opini�n uperate to prevent the
<br /> enforcement of tt�e lien:ar(c)secures from the holder af thc lien nn agreement satisfa�tory to Lender subordinating tt�e lien to
<br /> t:i��::=a::;:ns::sr.::n►_. �£L�^�er�+�?*mir.e� tl�at �nv�.�»nf�hr.Pmperty is subiect to a li�n which may utYain pnanty ovtr _ _
<br /> this 5ecurity Instn�ment,I.,erxler may give Bonhwer a nouce identifying the lien. Barrower shaU satisfy the I:en or take one or
<br /> morc of the uctions set forth above within 10 days of the qiving of notice.
<br /> 5. H�xard or Property Insurance. Borrower shall kecp the improvements now existtng or hereafter erected on the
<br /> Property insural against loss by fim. h:u,ards included within the term "extended coverage" and nny other ha7ards, including
<br /> ttODOS Oi I�ROalilg. ior wniri�Lcixicr�u�uiic�iiisui��tc.TiiiS iii�tl�aiii+i:5���.�',:.:roi�inii'�:T.'w%C 9-R:JU^-L`•°-':�f^i�°�.'�'-�!^!�� _
<br /> that Lender mquires.Tlie insurnnce carrier providing the insurnnce shall be chosen by Borrower subject to Lendet s approval
<br /> which shall not be unmasonably withheld. Tf Iiorrower fails to maintain coveroge described abo�•e, Lender may, at Ler►der's
<br /> option,olatain mv�rage to protect I.ender's rights in the Property in accordance with parag�'aph 7. _
<br /> All insurnnce poficies and renewals slmll be aceeptnble to L.er�der and shall include a startdard mortgage clause. Lender
<br /> shall have the right to hold the policies:u�d renewals. If I.�[xier requires,Borrower shall promptly give to Lender all receipts of
<br /> paid premiums and renewal notices.In the event of loss,Borcower shall give prompt notice w the msurance carrier a�tid I.ender.
<br /> L.en�er may make proof of loss if not made promptly by Bonower. `
<br /> Unless I.ender an�Borrower othenvise agree�ri�vriting, insurance proceeds shall be applied to restorntion or repair of the —_
<br /> Property damaged.if the restorarion or repair is economically feasible and Lender's security is not lessened.If the restoration or
<br /> repair is not economically feasible or I.ender's security�vould be Icssened, the insurance proceeds shall be applied to the sums
<br /> s�;cured by this Security Instrument, whedier or not then due, with any exeess paid to Boe-rower. If Borruwer abandons the _
<br /> Property. or dces not answer within 30 days a notice from Lendcr that tl�e insurance carrier has offercd to settle a ciaim, then
<br /> L.ender may collect the insuranoe proceeds. Lender muy use the proceeds to repair or restore the Property or ta pay sums __
<br /> secured by this Security Instrument,whether or not then due.The 30-d�y period will begin when the notice is given. _�
<br /> Unles Lender and Borrowcr othenvise agree in writing, any application of proceeds to principal shull not extend or �,,�,
<br /> postpone the due datc of the monthly paymcnts referred eo in paragraphs 1 and 2 or change the amount of the paymcnts. [f _---
<br /> under paragraph 21 the Property is acquired by Lender,Borrower's right to any insurance policies and proceeds resulting from _—_
<br /> damage to the Propeity prior to the acquisition shall pass to L.ender to the extent of the sums secured by this Security 6�stnrment —
<br /> immediately prior to the acquisition. (�1'=.
<br /> 6.(➢ccupancy,Preservatton,Maintenance and Protection of the Property;Borro�•ver's Loan Appiicatfon; [,euscholds.
<br /> Bormwer shall occupy.establish,and use the�openy as Borrower's princd�al residence within sixry days after the execution of i
<br /> this Security Instc�srner,t and shaU continue to occupy the Property as Borrotver's principal residence for at Ieast one year after '�'�`
<br /> the date of occupancy, unless l.�nder otherwise agrecs in writmg, tivhich consent shall not be unreasonably vrithheld, or unless ` �-
<br /> extenuating circumstanccs cxist a•hich are beyond Bnrrower's control. Borrower shall not destroy, damage or impai� the
<br />- Fr�perty, allow the Property to deteriorate. or commit waste on the Property. Borrower shall be in default if any forfeiture
<br />- action or proceeding, whcther civit or criminal, is begun that in Lender's good faith judgment cauld restdt in forfeiturc of the
<br />= Property or othenvise materially impair the lien crcated by this 5ecurity Instrument or Lender's secua�iry intercst. Borco�ver may �
<br /> cure cuch a default and reinstate,as providod in par.tgraph 18, by causing the action or proceeding to be dismissed wi[h a n�ling
<br /> that, in Lender's good faith detcrmination, prccludes forfciture of the 8orrowcr's interest in the Propcny or other matcrial
<br /> impaimient of th� licn crcated by this Security Instrument or Lender's security int�rest. Borro�ver shall also be in dcfault if �
<br /> Borrawer,during thc loan appliwt:nn proccss. gave materially falsc or inaccuratc mformation or statemenu to Lender(or failcd
<br /> to provide Lender with any material information)in connection�vith the loan evidenced by the Note,including,but not limited
<br /> to,representations oonceming Borrower's occupancy of the Property ns a principal residence. If this Security Instrument is on a �
<br /> leasehold, Bono�ver shall cnmply with all the provisiuns of the lease. If Borrower acquires fce title ro the Property, the �
<br /> leasehold and thc fee titic shall not merge unless Lendcr a�rees to the mcrger in writing. �
<br /> 7.Protectlon of Lender's Ri�hts iu the Property.lf Borrower fails to perfarm the covenants and a�nxments contained in
<br />- this Securiry Instrument, or there is a Iegal procecding that may significantly affect Lender's rights in the Property (such as r �
<br />_ procerding in bankruptcy,probate, for condemnation or forfeiture or to enforce laws or regulations),tl►en Lender may do and
<br /> nav far whatever is«ecessary to protect the value of the Property and Lender's rights in the Propeny. Lender's actions may
<br />= inclesde paying any sums sccured by a licn which has priority over this Security Instniment, appe;►rmg m court, paying
<br />- reasonablc attomeys' fces and entering on the Froperty to make repairs. Although Lcndcr may eake acnon undcr this paragraph
<br />= 7,Lender dues not have to do so.
<br />= Any amounts disbursed by I.endcr under this parngraph 7 shall bccomc additional dcbt of [3ormwer sccu►rd by this
<br />� Saurity Insttument. Unless Borro�vcr and l.ender agra°tu other tenns of paymcnt, thcse�imounts shall bear intercst from the
<br />= date of disbursemcnt at tlie Note rate and shall bc payablc. with interest, upnn noticc from Lcnder to Bottowcr rcqucsting {
<br />- paymen[. �
<br />� 8. 1►iQrtgage L�surnnee. If I.ender required mortgage insurance:�s a condition of making the Ioan�erurod by this Security .
<br />° Inst►vment, Borrnwer sludl pay the premiums required to mnirtain the mortgage insurance in effect. if, for any rcasnn, th�:
<br /> t�.��rigagC insu►anec covemge requirei!by Lcnder lapses or ce:►ses ta be in effect, f3orcower shall pay the premiums reyuired te�
<br />_ obtain covcrage subsWntially cyuivalcnt ro the mon�age insura.-�ce previously in cffect,at a cost suhstantially cquivalcnt ta thc
<br /> cost to Burrower of thc mongage insur�nce prcviouslv in effcct, I'rom an alternate mortgage insurcr approved by Lcnder. If �
<br /> � � aaB�z ot a Form 3028 9i3� I
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